June 29, 2016

8 Home Buying Tips for 2016


Although choosing the right property can be thrilling and nerve-wracking, there is no secret in a successful investment that you wouldn't know. It is all about how you perceive your soon-to-be-home and having the right means to achieve your goal. It is a good news for homebuyers, especially for those who are planning to invest in a condominium for sale in Manila. Right? However, that is not always the case. If that's how easy it is, hundreds to thousands of homebuyers would have been able to have their own dream home. You can be one of them too! Yes, we all do know purchasing a property is a great investment for our future. But the real question is – HOW?
8 Home Buying Tips for 2016 
  1. Don't wait
It might be understandable why most homebuyers wait for the next few months or years in purchasing a property. Perhaps, they need to do something before they can decide to buy their own home. However, there are studies that show that most homeowners who tend to wait will most likely have a lot of competitors with the other homebuyers. Obviously, this will make property hunting even harder.
  1. Check your credit
Whether you like it or not, a credit card is needed when you purchase a property. That means you cannot have the property that you want when you have a bad credit score. Before you decide to invest, you have to make sure that you can impress the bank or the lender with your credit history. Usually, they will check whether you are a good and prompt buyer. When you do, it will be much easier for them to approve the loan you want to avail. 
  1. Evaluate assets and liabilities
Admittedly, evaluating assets and liabilities can sometimes be challenging and daunting. You think that owning a particular thing can be considered as your asset, then you better think again. You might be paying a liability. Of course, this can definitely hinder the chance for you to pay the down payment for the property of your choice. As a homebuyer, you should understand a little bit about your monthly cash flow. With that, you will be stable financially, especially when there is unexpected bill you need to pay. Additional tip: you have to keep and organize your documents, especially your receipts for every payment you make to make sure you know where you money go.

  1. Qualify yourself
when you are a first-time homebuyer, you have to know how much you can afford to spend before the mortgage lender tells you how much you qualify for.  Generally, you will have an idea of what you can afford when you calculate your debt-to-income ratio that particular lender requires you to have. Moreover, before you hunt a particular property, you have to also have to know what kind of property you can afford. With that, property hunting will be much easier and faster for you to do, since you already have your preferences in mind.
  1. Order a home inspection
There will always be an advantage when you inspect your soon-to-home. Obviously, homebuyers should make sure that the property has chosen is perfect enough for you to live in. You have to make sure there will be no damages, leaks, cracks, and other things that can be to your disadvantage.  Moreover, having a home inspection allows you to do some negotiation on the price, depending on the situation of the property. That also means home inspection can be a deciding factor between the buyer and the seller.
  1. Shop for homeowners insurance
If you think availing home insurance is not that important for you to consider, then you better think again. Home insurance will help you attain the maximum benefits without having to spend a lot of home insurance policy. Moreover, availing the right home insurance can give you an opportunity to get the lowest annual premium quotes on best of plans. With these advantages, it gives your home an assurance that it will be in good condition.
  1. Know your neighborhood
Knowing your neighbor before moving into your new home is not a bad thing at all. In fact, this will give you an opportunity to know your neighbors and what kind of people you will be dealing and meeting everyday. Obviously, you don't want to live in a neighborhood that is full of nosy and rude people, right? This might be one reason why you are not satisfied living in your new home. Moreover, knowing your neighborhood will give you an idea whether there are any schools or convenient stores near you. 
  1. Hire a realtor
Although some of you here already have an idea on the process of purchasing a property, it is necessary for you to hire a professional real estate agent. Realtors are not just there to guide you on what and what not to do when it comes to home investments, but they will also let you understand  on some technical things that might get confused. To have a successful investment, you have to know and understand what you are up to. Of course, that is for you to make sure that everything is in order.

June 22, 2016

5 Reasons You Should Buy From a Property Development Offering Serviced Apartments

Investing your money in property will make you earn more compared to just letting it sit in a bank. That is a fact that we all know. Some people may think that keeping all their money in the bank is the safest thing to do for it; little do they know that investing it the right way does not endanger their money in any way, and could actually make it grow faster besides. These days, the option of purchasing property from a property development offering serviced apartments is gaining ground, and more and more people are opting to ply this route. It has become more profitable than just buying a unit in a hotel.
Offering Serviced Apartments

Why are serviced apartments better than hotels and why should you invest in one? Quite simply, visitors are starting to see all the benefits that they stand to get from buying a serviced apartment compared to booking a regular hotel room. But let us discuss those benefits in detail.

● It is cheaper than a regular hotel room, yet the services you get are the same. If you are visiting Dubai for a month or two because of business or just visiting a relative and you stay at a luxury hotel, you will be paying an insane amount of money. On the other hand, getting a luxurious serviced apartment would not cost you as much. There are usually different rates for long-term guests, making the occupancy rates higher than those of regular hotels. So, if you were a visitor in Dubai, you would certainly opt for the latter. As an investor, this is great news for you.

● Guests like to feel that they are at home even when they are away from home. Serviced apartments are much more comfortable and homey. It is set up just like an apartment so guests do not feel like they are caged inside the four walls of a room.

● Investing in a hospitality business is always a good thing as this city never runs out of visitors. Serviced apartments, especially, are in demand and it would be to your disadvantage if you do not choose to invest early.

● Major luxury hotels such as Hyatt and Marriott are opening up luxury serviced apartments and it only goes to show how lucrative this kind of investment will be for you.

● This is not just another trend. It is here to stay for good.

About the author: Oliver Finney is an enthusiast of the real estate industry who loves to continuously learn and share knowledge as well about the vast and comprehensive world of the real estate business, off and online. He has first realized his passion for real estate at the age of 18 after attending an auction. Since then, he has continued to be an avid real estate enthusiast and has recently made the final step to earning his real estate license. He visits sites like damacproperties

Buying VS Renting: What You Need to Know

 Buying VS Renting: What You Need to KnowThe decision to buy or rent a home torments the mind of everyone who is looking for a new home. With the ever increasing rents in the big cities and the short supply of rented properties, homeownership seems like an attractive option. Determining costs of purchasing a property is complicated and varies from one case to another. That is why it is hard to tell if buying or renting is the better deal, when moving house to a new place. Whatever your case is, you need to compute the costs of homeownership and compared to the equivalent monthly rent. To help you make the right decision, we’ve compiled the pros and cons of renting and buying.

Renting

Advantages:

• Easy maintenance

In case of property damages that are not caused by you, the landlord is responsible for fixing them. Even if you need to cover the repairs, you will pay far less for the maintenance of rented home.

• Flexibility
One of the greatest advantages of rented property is that makes relocation easier. When you are not settled in a certain place or into a specific career, you have more freedom to switch homes and move.

• No depreciation
Buying a property is a big investment. With years the value of your home may decrease depending on the market conditions. When you rent a property, you void the risks of an uncertain real estate market.

• Low upfront costs
When signing a lease, you only need to pay the month’s rent in advance and a deposit. Compared to the expenses of buying a property, the fees for renting a home are peddling.

Disadvantages:

• Increase in monthly payments
Your monthly payments may increase once your lease ends due to the rising rents in the urban areas.

• No home equity acquired
During the time of the lease you only pay for a place to live and you don’t acquire any assets that you can later sell.

• No tax benefits
Home owners can benefit from considerable mortgage interest payment and tax deductions, which ultimately reduces the cost of ownership.

• Limited rights over the property
You can’t paint or remodel the property without the owner’s approval. Although some landlords are kind enough to let you make some improvements, this is not always the case.

Buying 

Advantages:

• Increased equity
Unusually homes tend to rise in value. You will be later able to use your property as an investment and sell it or rent it to generate income.

• Tax benefits
As a house owner, you can take advantage of the tax deductions to offset the costs of your property.

• Stable housing payments
With a fixed-rate mortgage the interest and the principal payments remain the same for the period of the loan. Your property taxes and the homeowner’s insurance may change.

• More freedom
The greatest joy of having your own home is the ability to modify it any way you like. If you live in a place with homeowner’s association, you will have little less freedom over the exterior of your property.

• Opportunity to settle in a community
Once buying a home and moving house to a certain place, you can get involved in the community.

Disadvantages:

• Higher initial investment
You will probably need to sacrifice your savings for a downpayment and other costs, limiting your ability to use the money for other investments.

• Higher costs
The costs related to buying a home are much higher compared to your rent expenses. You need pay downpayment, closing costs, mortgage-interest cost, as well as maintenance and fees in the future.

• Hard to sell
Selling a home takes time. Depending on the real estate conditions and your circumstances, you may need to sell your property below its market value. If you are not planning relocation soon, then you may consider homeownership as an option.

• Decreasing value
There is no guarantee that your home will not decrease in value.
Finding the ideal option for you and moving house to your new home will take some time and effort. With a little patience and thought, you spare yourself the troubles and make the right decision.

Find more helpful tips and hints here: manwithvanbalham

TECHNOLOGY TRANSFORMING REAL ESTATE

Over the past 5 years the world has evolved a lot; at least technologically. In fact, with every passing day world is evolving and transforming. With the emergence of technology and an outburst of innovation, the standard of living and the working conditions have upgraded, have become easier. What required bigger efforts earlier now can be done on a mouse click. No wonder people are confident that by 2030, we will be completely surrounded by technology which will be smarter than ever.

Every sector is benefiting from the technological progress. Now, you must be counting the sectors which have technology deeply rooted in it. We are sure you are missing out on one. It is the real estate sector. Today, due to the technology advancement, the real estate agents are having an easy go at the market. It has become easier for them to get a seller or buyer. But unfortunately, not many have been able to recognize the true potential of technology and the kind of impact that it can make on their business.

We will talk about the technological trends that are changing the way property is bought and sold today.

The Array of Things project is working on bringing out a device which helps in identifying and measuring things like carbon-dioxide, temperature, carbon monoxide, humidity, light and noise and other important things which will help the home owners understand how their standard of living can be improved. Array of Things is being done for the city of Chicago and it has already received a grant of a whopping $3.1 million to put 500 devices all across the city. This device can revolutionize the real estate scenario as the buyers would be more cautious to check the environment and the sellers to keep it clean. It can actually help in improving the quality of life of the people.

The second technological wonder is the smart or the self-driving car. It has sensors on it. So, essentially if you are not present in the house but your child needs to go to school, a smart car can do the job for you. And the biggest advantage is that you do not have to worry about its safety. The sensors enable you to track the car throughout. Basically sensors are changing the way we live nowadays.

A group called Adafruit has come up with a project called Flora. These are basically wearable which help you interact with your environment. So suppose, you are sitting with your kids, all you have to do is tell your mass and it will adjust the intensity of the light according to both you and your kids’ comfort. If you like the light’s intensity to be higher and your kids like it lighter, then it will adjust at a level which is comfortable for you both. In the same way, the volume also gets adjusted.
The final one is a voice and language based processing innovation. After being amazed with Siri of I Phone, Amazon Echo has come up with Josh.ai. It is basically an open platform where you can build devices with voice integration. This means, that when you walk into your room, you can say this, “Josh please put on the lights at 50%, turn the ac on at 20 degrees and pull the curtains on.” And all this will happen at the snap of your finger.

Conclusion –

Technology is changing the way people look at the world today. It is changing the standard of living of the people too and it is happening very rapidly. Everybody has to catch up to it before it gets too late. With the active usage of sensors, it has become much easier for people to live. Not just live but do different kind of activities as well. So 5 years later, if you see Tesla moving on the roads, don’t get surprised!

Epoxy is Great for Floors. Moving onto Epoxy for Walls


There are several places that require sanitized floor and wall surfaces. Some of them are correctional/institutional facilities, clean room environments, and bath and washroom areas. Other facilities include pharmaceutical, food, beverage, healthcare and kitchens.

Epoxy coating is required in other places too.

Walls in places like abattoirs, canneries, factories, laboratories, hospitals, petrol stations, service stations, wineries, etc. are also exposed to chemical damage. Due to the activities carried out in them, the finishing surfaces need to be easy to clean and highly resistant to chemical damage. Epoxy wall coating is most appropriate solution.
Moving onto Epoxy for Walls

There is specific high performance epoxy wall systems and paints for vertical surfaces. Latex paint is not suitable since they can’t provide beat the highly cross-linked, chemical and abrasion-resistant epoxy polymers. They are specifically formulated for vertical surface applications, providing the tile-like glaze coating.

Manufactured exclusively for walls, these offer several advantages. These are designed to form a high impact, attractive, abrasion, chemical and corrosion resistant coating. The best part is the paint self-levels itself smoothly – no brush and roller marks!

Various polymers and topcoats, when applied in multiple layers, create a joint less ‘tile-like’ finish. Epoxy for walls are ideal for several uses. These include, but are not limited to:

·         Patching and surfacing deteriorated concrete walls
·         Drainage trenches
·         Adding impact resistance in industrial areas

Chemical Composition

Epoxy paint for walls has a sort of gel-type viscosity. This is due to the addition of a thixotropic additive like fumed silica. The purpose of this additive is to increase the thickness of this epoxy paint when resin is added. Additionally, it prevents wall paint from collecting at the bottom of the wall. This ensures that there is no uneven coating. Wall paint gets activated as soon as thixotropic additive is added to it.

Types of Epoxy wall Coating

Water-based epoxy wall coating creates a cleanable, low gloss and tough finish. Other benefits are:
·         Excellent hiding properties
·         Quick turnaround
·         Economical two-coat system
·         Low odor
·         Quick recoat window

The last benefit allows installation on vertical surfaces without interrupting the daily operation of the establishment.

Benefits of Epoxy Coatings and Paints

Apart from powerful pathogen control, easy cleaning and lasting aesthetics, other benefits include:

·         Ability to embed fiberglass for extra strength
·         Decorative chip blends to match any decor
·         Highly abrasion and scratch resistant
·         Integral floor and wall surface for easy hose down
·         Resistance to acids and alkalis, harsh cleaners, solvents, disinfectants, petroleum products, water, sea water and weather
·         Standard solid and custom colors available
·         Superior Strength and Hygiene
·         UV resistant and color stable
·         Waterproof systems available

Versatility

Epoxy wall coating is not only protective, but also decorative. It binds to cement-based substrates like concrete, plaster, cement-mortar, cement boards, etc. and also on metal surfaces.

Enhancements

Accidental impact from rolling carts or other items can occur in bakeries and commercial laundries. There are reinforcement options available. Chopped fiberglass or fiberglass sheeting can be employed to add even more strength to the resinous coating systems.

Antimicrobial additives can be added to the paint for pharmaceutical and other controlled environments in healthcare. Hygiene is high priority. Epoxy is ideal since it makes following the facility’s sanitation protocols easier than ever.

Sturdier wall finishes that resist marring with every little bump or bruise are ideal for retail and commercial environments. These heavy-duty epoxy wall systems also continue to look great.

Epoxy coating for restroom block walls creates a non-porous surface. These walls are cleanable and can even be pressure washed when desired. The durable coating not only helps prevent bacterial growth, but also reduces objectionable odors found in many public restrooms.

Application

Typically, epoxy wall paint does not show up immediately on freshly painted walls during its application. It can be applied with a roller, brush, or spray equipment. Seven days’ cure time is required to reach maximum chemical resistance. Thickness per coat should be 7-10 mils. Two coats are recommended. The surface must be dry and epoxy should not be applied at temperatures below 40° F.

Substrate Preparation

Apart from less than 4% moisture, the surface to be treated must be stable. It also needs to be protected from attack by moisture from behind. Brushing, grinding, milling, sand blasting, water blasting, mechanical abrasion, or acid etching, etc. may be required. This ensures that it is free from any material that would hinder bonding like dust, loose particles and grease. A high suction vacuum cleaner is ideal to get rid of any dust on the surface. Water can be removed by using an oil-free blast just before application.

Industrial Epoxy Paint for Walls

Epoxy wall coat with industrial strength finish are perfect for walls in high stress areas. These are guaranteed not to drip run or sag. They are specifically designed for application to all wall surfaces in institutional facilities, wash down rooms, kitchens, locker rooms, food production areas and clean rooms.
Epoxy can be applied to concrete, brick, cider block, or sheet rock walls. A bonding primer is needed if it is applied over previous wall enamel paint. Cinder or cement blocks need less coating.

Industrial areas include:

·         Food preparation and handling areas
·         Hospital operating rooms
·         Pharmaceutical handling areas
·         Clean rooms
·         Correctional facilities
·         Bathrooms & Showers
·         Animal hospitals/veterinary clinics
·         Car wash bays
·         Bottling plants
·         Garages & Warehouses
·         Locker Rooms
·         Commercial kitchens

Industrial coating resists abrasion, has outstanding resistance to chemical fumes, and enhances light reflectance. It also provides a long-term coating on masonry surfaces, which makes it excellent for many industrial applications.

Epoxy Coating for Vertical Masonry Surfaces

Apart from creating a porcelain like finish for long-term protection, this coating is abrasion and chemical resistant, high gloss, non-yellowing and has no toxic fumes. It is recommended for use on all exterior and interior masonry walls. Available in several standard colors, it can be used where a hard and cleanable epoxy coating is desired. This includes pre cast masonry panels, concrete block and other masonry surfaces.

Epoxy wall coating bonds well to concrete, concrete block, metal and wood substrates. All it needs is the use of appropriate epoxy primer. This wall paint also offers better performance when walls with higher and lower areas are painted. There are different blends and systems to create easy-to-clean and seamlessly integrated concrete walls. More > Redrhinoflooring

Epoxy is Great for Floors. Moving onto Epoxy for Walls


There are several places that require sanitized floor and wall surfaces. Some of them are correctional/institutional facilities, clean room environments, and bath and washroom areas. Other facilities include pharmaceutical, food, beverage, healthcare and kitchens.

Epoxy coating is required in other places too.

Walls in places like abattoirs, canneries, factories, laboratories, hospitals, petrol stations, service stations, wineries, etc. are also exposed to chemical damage. Due to the activities carried out in them, the finishing surfaces need to be easy to clean and highly resistant to chemical damage. Epoxy wall coating is most appropriate solution.
Moving onto Epoxy for Walls

There is specific high performance epoxy wall systems and paints for vertical surfaces. Latex paint is not suitable since they can’t provide beat the highly cross-linked, chemical and abrasion-resistant epoxy polymers. They are specifically formulated for vertical surface applications, providing the tile-like glaze coating.

Manufactured exclusively for walls, these offer several advantages. These are designed to form a high impact, attractive, abrasion, chemical and corrosion resistant coating. The best part is the paint self-levels itself smoothly – no brush and roller marks!

Various polymers and topcoats, when applied in multiple layers, create a joint less ‘tile-like’ finish. Epoxy for walls are ideal for several uses. These include, but are not limited to:

·         Patching and surfacing deteriorated concrete walls
·         Drainage trenches
·         Adding impact resistance in industrial areas

Chemical Composition

Epoxy paint for walls has a sort of gel-type viscosity. This is due to the addition of a thixotropic additive like fumed silica. The purpose of this additive is to increase the thickness of this epoxy paint when resin is added. Additionally, it prevents wall paint from collecting at the bottom of the wall. This ensures that there is no uneven coating. Wall paint gets activated as soon as thixotropic additive is added to it.

Types of Epoxy wall Coating

Water-based epoxy wall coating creates a cleanable, low gloss and tough finish. Other benefits are:
·         Excellent hiding properties
·         Quick turnaround
·         Economical two-coat system
·         Low odor
·         Quick recoat window

The last benefit allows installation on vertical surfaces without interrupting the daily operation of the establishment.

Benefits of Epoxy Coatings and Paints

Apart from powerful pathogen control, easy cleaning and lasting aesthetics, other benefits include:

·         Ability to embed fiberglass for extra strength
·         Decorative chip blends to match any decor
·         Highly abrasion and scratch resistant
·         Integral floor and wall surface for easy hose down
·         Resistance to acids and alkalis, harsh cleaners, solvents, disinfectants, petroleum products, water, sea water and weather
·         Standard solid and custom colors available
·         Superior Strength and Hygiene
·         UV resistant and color stable
·         Waterproof systems available

Versatility

Epoxy wall coating is not only protective, but also decorative. It binds to cement-based substrates like concrete, plaster, cement-mortar, cement boards, etc. and also on metal surfaces.

Enhancements

Accidental impact from rolling carts or other items can occur in bakeries and commercial laundries. There are reinforcement options available. Chopped fiberglass or fiberglass sheeting can be employed to add even more strength to the resinous coating systems.

Antimicrobial additives can be added to the paint for pharmaceutical and other controlled environments in healthcare. Hygiene is high priority. Epoxy is ideal since it makes following the facility’s sanitation protocols easier than ever.

Sturdier wall finishes that resist marring with every little bump or bruise are ideal for retail and commercial environments. These heavy-duty epoxy wall systems also continue to look great.

Epoxy coating for restroom block walls creates a non-porous surface. These walls are cleanable and can even be pressure washed when desired. The durable coating not only helps prevent bacterial growth, but also reduces objectionable odors found in many public restrooms.

Application

Typically, epoxy wall paint does not show up immediately on freshly painted walls during its application. It can be applied with a roller, brush, or spray equipment. Seven days’ cure time is required to reach maximum chemical resistance. Thickness per coat should be 7-10 mils. Two coats are recommended. The surface must be dry and epoxy should not be applied at temperatures below 40° F.

Substrate Preparation

Apart from less than 4% moisture, the surface to be treated must be stable. It also needs to be protected from attack by moisture from behind. Brushing, grinding, milling, sand blasting, water blasting, mechanical abrasion, or acid etching, etc. may be required. This ensures that it is free from any material that would hinder bonding like dust, loose particles and grease. A high suction vacuum cleaner is ideal to get rid of any dust on the surface. Water can be removed by using an oil-free blast just before application.

Industrial Epoxy Paint for Walls

Epoxy wall coat with industrial strength finish are perfect for walls in high stress areas. These are guaranteed not to drip run or sag. They are specifically designed for application to all wall surfaces in institutional facilities, wash down rooms, kitchens, locker rooms, food production areas and clean rooms.
Epoxy can be applied to concrete, brick, cider block, or sheet rock walls. A bonding primer is needed if it is applied over previous wall enamel paint. Cinder or cement blocks need less coating.

Industrial areas include:

·         Food preparation and handling areas
·         Hospital operating rooms
·         Pharmaceutical handling areas
·         Clean rooms
·         Correctional facilities
·         Bathrooms & Showers
·         Animal hospitals/veterinary clinics
·         Car wash bays
·         Bottling plants
·         Garages & Warehouses
·         Locker Rooms
·         Commercial kitchens

Industrial coating resists abrasion, has outstanding resistance to chemical fumes, and enhances light reflectance. It also provides a long-term coating on masonry surfaces, which makes it excellent for many industrial applications.

Epoxy Coating for Vertical Masonry Surfaces

Apart from creating a porcelain like finish for long-term protection, this coating is abrasion and chemical resistant, high gloss, non-yellowing and has no toxic fumes. It is recommended for use on all exterior and interior masonry walls. Available in several standard colors, it can be used where a hard and cleanable epoxy coating is desired. This includes pre cast masonry panels, concrete block and other masonry surfaces.

Epoxy wall coating bonds well to concrete, concrete block, metal and wood substrates. All it needs is the use of appropriate epoxy primer. This wall paint also offers better performance when walls with higher and lower areas are painted. There are different blends and systems to create easy-to-clean and seamlessly integrated concrete walls. More > Redrhinoflooring

June 11, 2016

Information is Power: Investing in Real Estate

According to some experts, the crisis in the mortgage industry a few years back could have been prevented if only the average consumer was more educated about how the mortgage financing world works. However, not everyone wants to learn about the specifics, especially considering the numbers involved and the ratios that one often has to calculate. Still, knowing the basics will not hurt, and might actually help in the long terms for the prospective home owner. 

Investing in Real Estate
Perhaps the first step for those looking for financing for commercial or residential properties is to understand what the job of a loan officer is. Most of the time, the loan officers people see at bank desks are just people charged with the responsibility of accepting the forms filled in by the customer. They are just the smiling face of the institution, with majority of the work done behind the scenes by an underwriting officer. Away from the bank setting, though, another loan officer might be helpful, the independent loan originator. Here, one deals directly with the individual who will be handling the loan requests. This gives the borrower the opportunity to access more services, including advice about the best loans available, documentation, appraisal and direct communication with the underwriter.

Another basic thing one should understand is how mortgage rates are always rising and falling. Basically, every mortgage is sold on the secondary market, which means that once the loan is serviced, it is then sold to another investor for cash. All the sold loans are then bundled together into a bond, which is then bought and sold by various investors just like any other bond on the market. The prices here rise and fall with demand and supply forces, and this then translates to the mortgage rates rising and falling.

Those who do not use loan officers have several advantages when they go to the underwriting officer. Large credit unions or banks normally have underwriting departments that handle all the loan related tasks. These departments normally do not work as representatives of the borrower, but that of the organization. When using an independent loan originator, the contact person is the individual involved with everything, and this gives a better chance of quality service. Still, it is important to note that mortgage rates at independent loan originators will not be higher than those that are offered at banks or credit unions. In fact, in most cases one will find that the rates are actually lower. This is because they typically have more sources of loans available to them than the big banks, all with a relatively small amount of products that they can offer to the consumer.

It pays to do one’s homework before making any investment decision, let alone in the real estate industry. It could just be the difference between making and losing a few thousands on the market.

June 9, 2016

Preparation and Investigation before Property Investment

Real estate and property investment can be a great way to make an investment strategy matter. Before you decide to purchase your first condo, house, apartment or other property you are planning to rent out you will need to be aware of the world of investment you are entering. The following examples will give you more information you can use to get yourself started on the path:

· The income may be inconsistent

When you are working on purchasing investment property you are literally placing a lot of your finances into a single project, much like what your investment portfolio would look like if you place all your stock into a single company. Although owning an investment property can be a lucrative task, it still leaves you pretty vulnerable to risks of all kinds. If you buy a huge investment property you will be able to earn for about a 1% of its total value as is the case most often. The thing is however that you still need time to find tenants, so you will need to consider that as you move forward, as well as the chance that some tenants may stop paying rent at some point and it may require eviction. That will take time, so you will need to have money in reserve to push through. If this situation happens you will not only fail to receive any cash flow, but you will still end up stuck paying property taxes, mortgage, maintenance and insurance.

· Do you really want to handle maintenance and tenants?

The first mistake often made by people when they buy a rental property is to underestimate the amount of work that goes into dealing with tenants. Finding good tenants can be pretty challenging, but the real problems may arrive after they have moved in. A good example of that can be when the tenants are late on rent, so this puts you in a situation where you will need to decide what to do. If they are making too much noise, if they let other people live there or they violate parts of the rental agreement, then steps will need to be taken. You should not forget about repairs and maintenance as well, so be prepared to handle a number of issues as time goes by. Hiring a property manager could lift some of the weight off your shoulders in terms of governing your property.

· Account for all costs

Considering how much it usually costs to hire a property manager, you would also be surprised at how much it also costs to own a rental property as well. When it comes down to figuring out the cash flow of your property, you would do well to take certain things into account such as insurance, maintenance and property management if you want to avoid spending too much overall. The costs will vary by condition of your property as well as location, so you would do well to take all of this into account as you move on with your plans.

If you found this helpful read more tips at: manwithavanealing