Business & Property

“Location, Location, Location” is the Real Estate Mantra: Here’s How to Observe

“Location, Location, Location” is the Real Estate Mantra: Here’s How to Observe

While everyone has their own preference and is unique in their own needs and wants, what constitutes as a good location remains something of a universal idea. There’s a reason why there’s a real estate mantra that you’ll probably often heard of, “Location, location, location”. Here are some of the basics broken down into concrete, observable elements broken down into several factors.

Good views

Something a lot of homebuyers and even renters are always attracted to. Often times, good views are a luxury; that’s why homes with a sweeping view of the cityscape, a window overlooking the ocean, or the view of the hills are in high price brackets. Homes that overlook a golf course is also something that often consists of luxury homes.

Good school district

A neighborhood with a new school built near the area would already increase the value of a home, the desirability of a house would increase even higher when quality of the school is factored into the equation. Homes or neighborhoods near school districts are popular with young couples looking to have children as well as families with children, and even individuals without children.

Good school district usually comes with good economy in the area. Restaurants and cafes catered to students as one of their target markets in the area are bound to be found in abundance in the area.

Although if you’re ultimately concerned with your children’s education, look past the school’s test score or rankings. Especially when the school is new. Make sure to visit the school. Find out the school system. Talk to the teachers, ask around with other parents, or better yet, have casual conversations with the students themselves

Employment growth

Low unemployment rates affect the value of a location, and as a consequence, single homes positively.  Employment growth could be seen directly impacting office and industrial types of real estate. The more companies or small businesses are flourishing in the area, the more it will attract people—especially those possibly looking for a closer commute, converting them into renters or even homebuyers. There has been a growing concern regarding office types real estate due to the shared workspace rise in popularity of, as well as a growing mobility and flexibility in working culture when it comes to space usage. However in the coming years, it’s safe to say that traditional workspace is here to stay, and investment in office real estate is not something that’s going to be a let down anytime soon.

Public transportations

Accessibility is something integral in buying a home, whether for oneself or to invest in. People need convenience in their day to day lives. There has also been a rise in the usage of public transportations among millennials—the generation who had already started owning their first homes. Millennials are also proven to be the generation that drive less, and this trend is a first in the previous three generations since individual vehicles are invented and widely used. Access to public transportation system means good location, and it is something that adds value to your property.

 

Please follow and like us:

Preparing for Your Home Appraisal

While home appraisal is an important aspect that would determine the value of your house, preparing for home appraisals shouldn’t be a nightmare nor a rigorous task for homeowners who’s up to take their home to the listings. Home appraisal also should not be an expensive task than it already is as long as you go over the essentials and address what would actually matter in the appraisal process.

Go over the basics

You can do this by walking within and around the house with a critical eye. Don’t simply stare and make mental notes. Prepare a pencil and a piece of paper or type on your phone the notes for any repairs that need to be done. This simple step would make your preparation more comprehensive and easier for yourself because you have everything noted.

Make sure to inspect your house thoroughly. Direct your observation to anything that’s affixed to the house. Things like leaks in the roofs, faulty toilets, congested gutters, the most basics of things and their functions affect the valuation process of your house. Make sure you go over the most fundamental aspects of your house and see if they need adjustments.

Make sure your security/safety equipment is working properly

Home security system, smoke detector and alarms, and any safety systems that your house is equipped with needs to be checked. Even though you may not be living in the house anymore during the time you decide to sell or appraise your house, make sure that the systems are still in order and in good working conditions.

Curb appeal—does yours need improvement?

This is the face of your house and it is the first thing that homebuyers would notice. So curb appeal does influence house’s value. You’d want to spruce up or make some adjustments to make your curb appeal, well, more appealing to buyers. Maintaining your greeneries or adding some shrubs may dramatically bring improvements.

Major cleaning

How old a house appears affect the house’s appraisal value—this of course mainly entails the most basic aspects of your house and how well they still function. However, doing a major, deep cleaning of the house help the house look better; and consequently, newer. Things that look “new” or less aged are things that are well taken care of.

Prepare a list of upgrades you’ve done

Make sure to prepare a list of updates that you’ve done to your house. Any repairs, new roofs, as well as that upgrade all add values to your house. Make sure to mention them during your appraisal.

If something is not broken, don’t fix it

Save your time, energy, and money for something that actually needs your attention. Don’t go doing upgrades just for the sale when the current one works properly and is good as it is.

 

Please follow and like us:

Guarantee the Security of Buying Bali Real Estate For Sale By Owner

Bali is a small paradise. A place where you find pleasure, comfort, and tranquility. Bali’s weather is perfect to visit all year. Many also decide to stay in Bali because of their beauty and culture. Bali real estate enthusiasts are getting higher. The rise and fall of the world economy do not much affect the interest to buy Bali real estate.

Buying Bali Real Estate For Sale By Owner

Bali real estate sales fraud is increasing. No wonder! There are many ways to find profits in ways that are not good. Why? Because there are many opportunities for it. Not all real estate buyers are smart and careful. Fraud certificates, double certificates, lost payments, and many others.

Bali real estate for sale by owner is indeed the best investment for a profit, both long and short. 2 kinds of facilities Bali luxury real estate, without furniture and fully furnished. The difference will certainly be very different. But you need to be careful, how long has the usage period of electronic goods been. This can make you save a little by negotiating.

When the investment season comes, then you must know the process. The transaction process of Bali real estate for sale by owner is not difficult, but it takes a little time. For security and shorten the time, property agents are the best way. Trusted property agents only offer a list of Bali real estate for sale by owner with guaranteed security. The point is, there are no land disputes, no tax arrears, or no double certificates.

Whether you want to look for simple or luxury real estate, the property agent list will sort what you want. Bali property for sale by owner will immediately contact the property agent. Whatever you need, you can submit it through the property agent. Negotiations are usually done through property agents. But do not close you get a discount or decrease in price.

If you are a stranger, the best way is to talk to other strangers in the area you want. Usually, foreigners who have lived in Bali know for sure a trusted property agent who can help ease the process of getting Bali real estate for sale by owner. Or if you are lucky, you will meet a stranger or a local resident who will sell their property.

Buying Bali real estate for sale by owner is the best way to avoid fraud. At least you know that the certificate is legal. Many other benefits if you are looking for Bali real estate for sale by owner.

Please follow and like us:

Renewing Your Bathroom Would Increase Your Property’s Value

Whether you’ve been thinking of selling your home, or if you’ve been brainstorming for ways to improve properties for sale; bathroom is a good place to start. Bathroom is an essential part of the house that will come under scrutiny by potential buyers.

Renewing bathroom to increase property value

These days, people spend more and more time in the bathroom. While often not a focal point in a house, worn-off looking bathroom may potentially put off potential buyers. Your bathrooms don’t have to be dressy for your house to sell, but there’s an unspoken expectation that it needs to be more than just functional to appeal to buyers.

Bathroom is more than just utilitarian

Attractive bathrooms are often a big selling point to houses. This does not only apply to bathrooms with steam showers and saunas. Bathrooms that look well-designed and well-maintained shows value increase.

Good lighting, mirrors, sinks, tubs or showers, all plays a role in a presentation of a bathroom. Consider up-scaling your bathroom; simple things like glazing your shower heads and pipes would make it look new, and therefore more attractive.

Up to 70% recoup of renovation cost

Renovating bathrooms may not be the biggest contributor to the return of investment of renovating your house, but with a good strategy, it could give you a large ROI. Some claims bathroom remodeling gives up to 70% recoup of the cost spent in the renovation. Additional facilities such as heated floors would give a considerable increase to your property’s value.

Consider the number of bathrooms

If you own a 3 bedroom house with only one bathroom, consider an additional bathroom. It could be a full bathroom, or if you lack space a half bathroom with just toilet and a sink could work.

Having more than one bathroom does not simply serve to increase your house’s value—families tend to find having more than one bathrooms much more functional anyway.

Stick to mid-range renovation

Make sure to have a budget and not splurge on bathrooms. They are important parts of a house that everyone looking to sell their home or properties should look into improving, but staying within your budget is a must.

Don’t overspend on installing a sauna just to increase your house’s value, especially if other parts of your house still need work. Stick to mid-range modifications; thorough planning helps with cutting down the cost.

Remodel your bathroom

Remodeling bathrooms depend on how much of the bathroom needs to be renovated, or how much you want your bathroom to be updated.

If there is a particularly old bathroom that needs a lot of work, or work that’s spread out throughout parts of the bathroom, consider renovating the whole thing, magicking one that looks brand-new.

This might save a lot of time and energy instead of patching up a lot of different things. You can cut budget by visiting flea markets and secondhand stores for a lot of things in the bathroom, from mirrors to wall decorations.

Please follow and like us:

Getting Started on Property Business: What is Real Estate Investment Trust?

Generally referred to as “REITs”, Real Estate Investment Trust is a form of investment created by the Congress in 1960s to give Americans the opportunity to invest in real estates. Real estates that are owned or financed by REIT companies are income-producing real estates. The existence of REITs allows average people to own or finance properties in the same way shareholders benefit by owning stocks in the stock market and by owning shares in corporations.

Common Types of REITs

There are numerous kinds of REITs that correspond to their own industry. Investing in these REITs must be backed with the knowledge and sufficient research to the corresponding industry, just as in the matter of any type of investment.

REITs may be publicly traded, in which the REIT company is registered and their shares are publicly listed. REITs may also be registered publicly, but their shares are not sold to the public. REITs may also be a private company that isn’t publicly registered and their shares are held privately. Regardless of this, REITs must follow a guideline to be legally acknowledge as a REIT:

  • The company must be a taxable entity (corporation). REITs must primarily own or finance real estate. Their investment must at least consist of 75% assets in real estates, cash, or US Treasuries,
  • REIT companies must pay a minimum of 90% of their taxable income to their shareholders in dividends.
  • The company must have at least 100 shareholders
  • Five or fewer individuals must not own more than 50% of the company’s shares.

Here are the most common types of REITs.

Residential REITs

Investors are advised to be aware of population and occupational growth when it comes to considering to invest in residential REITs. Naturally, the biggest residential REITs tend to focus on areas with the highest prices on individual houses, where people tend to prefer renting. Large urban centers and metropolitans such as Los Angeles and New York are their biggest focus.

Retail REITs

The financial state and health of the retail industry may very well affect the state of the REITs that focus on retails. Make sure to make an informed decision through industry assessment before jumping into retail REITs despite the sheer size of the retail industry and thus, retail REITs. Assessing future possibilities such as the gradual shift in trend to e-commerce should also be considered.

Healthcare REITs

Medical centers, hospitals, retirement houses, nursing facilities are some of the establishments healthcare REITs tend to focus on. Just as the previous REITs, the healthcare REITs financial state highly corresponds to the industry’s financial state.

Office REITs

REITs that focus on office buildings usually come from long-term leases. Investing in office REITs may depend on a large variable of factors, from employment rate, job vacancy, to the general economic state and growth of the area at large.

These are simply some of the most common types of REITs and the list is by no means exhaustive. You might be interested in a certain type more than the others. Make sure to do a background research for both the REITs company as well as the industry you’d like to focus on.

 

Please follow and like us:

How to Set Your Time Management in Real Estate Business

Time Management in Real Estate Business

Real estate business is not for the slackers. The competition is fierce and once you slack off, you will be left behind. Time management in real estate business is one of the most important keys to achieve your business goals.

If you think property business is all about capital, you must think twice because that is not all you need to achieve property business goals. There are other important elements and one of them is time. If you cannot make time to do this business seriously then it is like useless mission or wasted attempt to succeed.

It doesn’t mean you need to make your 24 hours for working. The key is good time management.

Ways to set time management to achieve your goals

Setting your time management doesn’t mean you are fully tied to this matter. Time management means you set the time to be more productive and goal achieving.

Thus, you will not end wasting your precious time by doing useless activities. Here are tips to set your time management so that you can achieve your goal in real estate business:

  • First thing to arrange your time management is to set your priority. It is important that you know what to prioritize. Only then you know exactly what to put first and last. It is recommended that you prioritize what needs to be done instead of what wants to be done. You need to know the most important thing to be placed in the first list.
  • It is also highly advisable for you to be creative in setting your time management in real estate business. This includes how you choose your system to run. 

    If you are roped to conventional time management, you will arrive nowhere. Thus, use everything that will help you make everything more efficient and effective. For example, choose direct mail marketing which can function even when you don’t have to supervise them.

  • Next tip to make time in achieving your real estate business goals is by trusting other than you to handle some tasks. It is not healthy and useful to put all task on your shoulder when you can share it with your partner. Handing off some task to your partner will make it more effective and efficient.
  • Analyze your time consumption every day. It is hard to critic yourself to find out which point of yours that leads to failure. However, if you can be fair to yourself and manage to find out your mistake, you will be able to step ahead. You need to find out which point that you tend to waste your time.
  • You might think you are invincible and can do everything without rest. However, your body and mind have limit. Forcing your body to do all work in short time only does damage. Thus, make sure you practice your self-care. It is better to schedule your time thoroughly by taking many points into consideration. This is great way of time management in real estate business to achieve goal easier.
Please follow and like us:

How Energy Saving Houses Can Save You So Much Expenses

The main function of a house is to protect its inhabitants from the weather, but unfortunately, modern houses are often built without keeping some of the most important basics in mind. Energy-saving houses aren’t just flashy, fancy labels or a trend—the basics of house building that’s in line with how nature works are as old as time itself.

Ideally, you’d be building the house that lets you stay warm during the winter months, while at the same time capable of sheltering you from the harsh sun during summer. The balance of the temperature inside of your house comes down to constructing an ideal space to keep the temperature comfortable with minimum use of thermostat. Here are some of the most important things to keep in mind to build constructions that could help you so much in cutting down energy cost.

Keep the Sun Orientation in Mind

House orientation with sun as the guide is an age-old method when it comes to dwelling constructions. It has a great impact in house cooling and heating. Temperatures inside the house often depend greatly on sun’s orientation. This is the most important step, especially when you’re building a home from scratch. In the US, rooms that face South will allow the most sunlight to come through. Remember an appropriate overhangs that will protect you from the summer sun that still allows for the sun to transfer its warmth during the winter days.

Insulation

A well-insulated house does not simply keep the insides warm during winter—it also helps reduce the impact of the sun’s heat during hot weathers. All of the exterior walls need to be insulated, as instructed in all building codes. One of the most commonly used insulation is fiberglass. It is an excellent material as an insulator and it’s also known to be resistant to fire. Aside from the exterior walls, foundation walls, attics, and slabs for houses that doesn’t have basement space are some of the most important places to insulate your house. If you’re building a house from scratch, make sure to research, consult with your architect, and insulate according to your house’s designs.

Cross ventilate

Cross ventilation is also known as the wind effect insulation. This method has been present long before air conditioner or even fans are invented. It’s a straightforward natural way for cooling, as well as to make sure the inside air of your house is circulated well. Ventilations are important not just to keep your rooms cool, but also to ensure the quality of your indoor air. By allowing natural air and wind to flow through your house better through cross ventilation, the cost of air conditioner could be reduced well.

Please follow and like us:

Exceptional Private Villa Bali For Holiday Comfort

It’s not a secret that tourists are focusing more on finding a villa as an accommodation during a vacation in Bali. Renting Bali luxury villas is more popular than booking a hotel. Many people think that renting a villa is more expensive than a hotel. Some think that budget hotels are expensive compared to villas. The villa is perfect for family vacation accommodation. Those who want to enjoy the atmosphere of Bali, know the lives of the local people, then the villa is the best.

Truly Private

What makes private villa Bali so special and the best accommodation? Considering referred to as private, this accommodation is truly private. Like your own home, you will only share the room with the people who go with you. Staff services such as waiters, chefs and security guards have separate rooms so that your privacy is well maintained.

Unique Building Architect

Bali has its own charm. Building architects in Bali are unique and different from others. When you see it, you will immediately know that it is the home of a local Balinese. Living in a villa with Balinese architecture and design feels very comfortable. Buildings in Bali usually have lots of open space. This provides high relaxation.

Great Value For Money

As said that the best family accommodation is a villa. Rental rates for villas for a family vacation will be very economical compared to hotels. You may not get the comfort, amenities and luxury services like in a villa. Private villa Bali is like their own comfortable and perfect home away from home.

A Number Of Bedroom

The advantage of private villa Bali is that you can choose the number of rooms needed. The difference in villa prices is usually adjusted to the number of rooms and other facilities. When it comes to vacationing with family, you will not be difficult to arrange accommodation and budget. Amazing Bali private villas for family vacation accommodation needs.

Most private Bali villas have professional staff. They will be happy to host tourists. They also know how to make tourists comfortable. The staff will always provide ideas for tourists relieving stress. Tourists who live in private Bali villas usually feel happy to be in the villa. They have made the right decision, rewarding themselves on a holiday with a lifetime of experience staying in a villa, not a hotel. Private villa Bali is the perfection of your successful holiday.

Please follow and like us:

Challenges in Property Business Partnership You Should Anticipate

Having partner in property business can be promising if you do it the right way. It is not common to fail in building proper partnership while building business in property industry. That is why knowing fully the challenges in property business partnership will help you to gain success with ease. Partnership is important because a partner will help you to cover up weakness points you have.

Common challenges in property business partnership

Partnership can balance out the power you need to grow real estate business. Having partner also means you have more resources and opportunities to gain the goals you have from the very beginning you start the business.

Common challenges in property business partnership you should handle

Generally, there are many challenges you will face when you swim into property business. However, since partnership is serious matter in this business, it is just right to know fully what challenges you will face while maintaining mutual partnership. Sometimes you just jump into partnership without considering important things so it ends up tragically instead. To avoid having failed relationship, here are the challenges you need to recognize and handle:

  • Different style in leading business and personal traits. Every person has different traits and quality. It leads to different ways in dealing with certain situation happened while running the business. This challenge is not that bad. It can be beneficial as long as you and your partner can compromise and think of the best solution. To avoid some clashes, it is important to outline specific details so everything will end up getting down on paper.
  • Lack communication as well as contrast expectation and different degree of commitment are challenges in property business partnership. That is why it is important for you to settle those matters before signing up the agreement/contract. If you have different goals from the beginning, it only leads to failure sooner or later. Therefore, make sure to draw the same line in those matter before making partnership.
  • Different skill can be a challenge in building healthy and promising partnership in property business. When you and your partner has significant gap in skill, there will be more chances to clash. To avoid problem in the future, it is important for you to identify your potential partner’s skill level from the beginning. You need to find the appropriate skill that match or complete yours. You can do it by having some trials to decide whether or not your potential partner is the perfect match for you.
  • Having different role is also considered as one of the most common challenges in property business partnership. This can create clash if you view from authority level or stuffs. That is why, it is recommended to set the roles based on skill and experience from the beginning or even before you make the agreement. The goal is to find the right harmony not to compete each other to gain higher authority. Remember that any role you agree to set for each other aims to open opportunities to grow up even more.
Please follow and like us:

How to Advertise Your Property Right and Sell It Fast

Interest in property investment has its own fluctuation. Some time it goes up, yet in other times it goes down. If you own a property and intend to put it in the market, you need to know modern and proper strategy to advertise your property and generate good sales. As you know, today’s buyers tend to do a good online research before deciding a purchase. Follow the lead. It’s now time for some millennial advertisement.

  1. Set up Digital Presence

Nowadays, digotal existence determine everything. If you don’t exist online, you simply invisible for any potential buyers. The first step is setting up every social media accounts out there. Make sure you are present in all big networking sites; Facebook, Pinterest, Google+, and Instagram. Publish bright and engaging pictures of your property to lure audiences.

  1. Hire Professional Photographer

Since you are going to publish many photos of your property, you will need a lot of pictures to begin with. Know that audiences are drawn into well-lighted, clear, and aesthetic photos. Nobody want to see crumpled snaps of a room or poor-lighted pictures. Pictures like this will not sell your properties. Make sure your property look spacious, clean, and roomy. It takes special skill to turn a regular studio apartment into a spacious room for enjoyable living. If you cannot produce such photos by your own, hire a pro.

  1. Make Them Share

People like to share something they like to their friends, and that include dream houses too. Let your audience spread the words. Simply adding sharing button to your page will leave a huge impact to your property business. More potential home buyers will be exposed to your property.

  1. Look What Competitors Are Doing

Keeping an eye to competitors is essential. Peek at their websites. Monitor if they are also active in social media as you. Don’t let yourself left behind the competitors!

  1. Advertise Your Town

What makes people want to buy a house? Sometimes it’s because of the design, some other times it’s due to the location. Make use of images of your town to advertise your property. Feature the local landmarks, recreational sites, and the wonderful nature of the surrounding landscape. Show the best of what your location has to offer. Make sure your potential buyers know social and cultural benefit that they will get outside the property.

  1. Reach the Social Ads

Since people spend most of their time in social media, why don’t you appear here as well? instead of house magazine and newspaper, locate your marketing budget to social and search engines ads. You can set up highly specific targets that will potentially, genuinely interested to your advertisement!

  1. Engage with Local Business

Partnership is one of the best way to strengthen your presence in the market and raise your value. Develop relationship with local business and set up creative partnership to advertise your property. You can host a Sunday morning in some part of your property. Have your logo embossed in one of the paper plate. It’s time to get out of your boundary!

Please follow and like us: