Category: Real Estate

Mar 18

Thinking About Pros and Cons of Owning Recreational Property

Mountain land for saleMore than commercial value: the beauty of nature, the invitation for luxury, and the idea of “getting away from it all” remain some of the biggest draws for people looking into buying a mountain lot. There’s just so much more to be gained from a good mountain property or cabin lot than an asset for your portfolio. Whether you’re looking to invest or you just want a little freedom you should seriously consider the bounty of owning your own piece of earth away from it all.

Prominent Pros and Cons

For some of us dreaming of a summer cabin is an incredibly romanticized vision that has filled hours of free time. If this is you then it is important to consider the realities and responsibilities of owning a property up in the mountains. For many people the idea of owning a second home somewhere that the family can go and relax has never crossed their mind as a reality. You may be one such person, held back by ideas that only the most affluent can own a vacation property, but with the opportunities on the market today this just isn’t true. Whether or not you’ve thought about this before there is a lot you should consider before buying:

  • Getting Into Nature: Let’s face it, one of the greatest reasons for buying a mountain lot is to cut the digital umbilical cord of your children’s virtual generation. Kids benefit hugely from feeling the grit of dirt and basking in the warmth of the sun. It has been proven time and time again, the outdoors can greatly enhance a child’s balance and emotional wellbeing. As you look for a good location be picky! Choose a spot that just speaks to you, there are plenty of great locations!
  • Dealing With Remote Life: When it comes to nature, being out in it means really being in it and if you intend to build a cabin this can result in some significant adjustments. From wild animals as neighbors to hordes of mosquitos and termites in the walls, you need to be prepared for everything that Mother Nature brings. It’s important when looking for your property that you know what developments and utilities you expect. Some properties are provided with community amenities, others are as far off the grid as you can get, which means utilities are up to you.
  • Investment Property: If you buy up a mountain lot and build a modest cabin not only can you enjoy it for your family, but often you can rent it out to folks interested in a great vacation rental and make enough to cover costs plus a little profit on the side. Picking a prime location that’s both close to local sites and conveniences, but is far enough off the beaten path to make for privacy is an important feature in vacation rentals.
  • Maintenance: As mentioned before, a cabin up in the mountains is going to have some fantastic views, but when winter months blow in maintenance and utilities can become seriously troublesome. Take your time to consider how you’ll maintain the cabin, especially if you’re renting it in the winter, you may need to hire local property managers if you don’t want to make the trip up there on a regular basis.

Make sure to consider all your options and know how you want to use a your land before picking it, since this can help you really hone in on the perfect lot. And though there’s a lot to think about, don’t get discouraged there is mountain land for sale that’s perfect for you. You CAN have your land and enjoy it too!

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Mar 18

Why Hire Property Management Companies?

property managementDo you have multiple properties? Real estate properties can be an excellent source of income, but without proper management, they would be a dead asset. However, managing your property will require a considerable amount of time. With all the time that you spend for your family and work, it is more likely that there is nothing left for your property. Therefore, what can you do? The short answer to that hire the services of property management companies. Hiring their services could be advantageous to you.

Property Management Companies Provide Variety of Services

These companies provide services according to your needs, since they offer a variety of service packages. You can hire services that will save you from the headache of collecting rents and they can do more than that. Here are some of the services they offer aside from collecting rents.

  1. Fire Bad Tenants: Do you have bad tenants who refuse to pay their rents? If you have, then property managers or property management companies can help you. They will talk with your bad tenants and convince them to pay their rents, and fire them if they still refuse.
  2. Look for New Tenants: Are you having a hard time finding tenants for your property? Or, have you fired a new tenant and is looking for one? If the answer is yes, then it will be advantageous to hire the services of property management companies. Looking for new tenants will take time. However, you can save time by letting the professionals handle this matter. They have many connections and they can find tenants for your property in a short period of time.
  3. Maintain Your Property: You need to maintain your property if you do not want to lose it. Negligence in maintenance may cause irreparable damages to your property. Furthermore, if you often forget to pay your mortgage, you might end up losing your valuable property. To ensure that your property will be properly maintained, you can hire the services of property management companies. They can pay your mortgage, do repairs on your property, and ensure that everything is in good condition.

Property Management Companies Offer Flexible Fees

True, property management companies can help you with their services, but are they cost-effective? Yes they are. These companies offer different packages that come in various price ranges, allowing you to choose the one that is suitable to your budget. However, settling for lower cost packages also means that they come in limited services.

Many companies offer huge discounts if your property is vacant. Along with the discount, they will ensure that they will look for new tenants for your property. In this way, you are not only hiring their services to maintain your property at an affordable price, but also get an opportunity to earn income from your property.

Of course, the prices of service packages offered by property management companies vary according to the provider. Therefore, it is advisable for you to check out several companies in order to determine, which one offer the best price.

property Management companies How to Look For the Best Property Management Company

Many companies offer property management services, which makes it confusing to choose the right one. However, with a few pointers you will be able to choose which one offers the best services.

  1. Use the Internet: The internet contains tons of information. Therefore, you can use this to your advantage to help you with your search. Furthermore, reputable property management companies always have their own website to allow their clients to get in touch with them whenever they have queries. However, before accepting any services, you need
  2. Ask Referrals: You can also ask referrals from your friends, coworkers, and relatives who have hired property managers before. They can lead you to the company they trust as well as tell you about the companies that you should avoid.
  3. Compare Prices: If you want to get the best services at the most affordable price, you need to check out several property management companies. Once you have made a list of your prospective companies, you will be able to compare the prices and choose the one that suits your budget.

Managing multiple properties is not easy because you need to invest time and money if you want to make a profit from them. Fortunately, there are property management companies that can complete this task for you. They can maintain your property, collect the rents, as well as manage your tenants. With their services, you will be able to generate income from your property immediately.

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Mar 18

Thinking About Pros and Cons of Owning Recreational Property

More than commercial value: the beauty of nature, the invitation for luxury, and the idea of “getting away from it all” remain some of the biggest draws for people looking into buying a mountain lot. There’s just so much more to be gained from a good mountain property or cabin lot than an asset for your portfolio. Whether you’re looking to invest or you just want a little freedom you should seriously consider the bounty of owning your own piece of earth away from it all.

Prominent Pros and Cons

For some of us dreaming of a summer cabin is an incredibly romanticized vision that has filled hours of free time. If this is you then it is important to consider the realities and responsibilities of owning a property up in the mountains. For many people the idea of owning a second home somewhere that the family can go and relax has never crossed their mind as a reality. You may be one such person, held back by ideas that only the most affluent can own a vacation property, but with the opportunities on the market today this just isn’t true. Whether or not you’ve thought about this before there is a lot you should consider before buying:

  • Getting Into Nature: Let’s face it, one of the greatest reasons for buying a mountain lot is to cut the digital umbilical cord of your children’s virtual generation. Kids benefit hugely from feeling the grit of dirt and basking in the warmth of the sun. It has been proven time and time again, the outdoors can greatly enhance a child’s balance and emotional wellbeing. As you look for a good location be picky! Choose a spot that just speaks to you, there are plenty of great locations!
  • Dealing With Remote Life: When it comes to nature, being out in it means really being in it and if you intend to build a cabin this can result in some significant adjustments. From wild animals as neighbors to hordes of mosquitos and termites in the walls, you need to be prepared for everything that Mother Nature brings. It’s important when looking for your property that you know what developments and utilities you expect. Some properties are provided with community amenities, others are as far off the grid as you can get, which means utilities are up to you.
  • Investment Property: If you buy up a mountain lot and build a modest cabin not only can you enjoy it for your family, but often you can rent it out to folks interested in a great vacation rental and make enough to cover costs plus a little profit on the side. Picking a prime location that’s both close to local sites and conveniences, but is far enough off the beaten path to make for privacy is an important feature in vacation rentals.
  • Maintenance: As mentioned before, a cabin up in the mountains is going to have some fantastic views, but when winter months blow in maintenance and utilities can become seriously troublesome. Take your time to consider how you’ll maintain the cabin, especially if you’re renting it in the winter, you may need to hire local property managers if you don’t want to make the trip up there on a regular basis.

Make sure to consider all your options and know how you want to use a your land before picking it, since this can help you really hone in on the perfect lot. And though there’s a lot to think about, don’t get discouraged there is mountain land for sale that’s perfect for you. You CAN have your land and enjoy it too!

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Mar 04

There’s More Benefits To Constructing A Townhouse Than Meets The Eye!

A townhouse is normally a medium-density house in the city that is normally semi-detached or terraced. The term townhouse conveys a sense of nobility since the house was a popular residence for many nobles many centuries ago. In the US and Canada, townhouses denote houses on small footprints in the city, which have large living space due to multiple floors. This design allows townhouses to be located within a short distance from industrial and business areas in any city. The house provides a luxurious residence for homeowners who want to live close to their work but in a cozy home.

1. Cheaper construction cost

Before you can decide whether to build a townhouse or a single-family home, you need to weigh all the facts. The decision to construct a townhouse over a single-family unit may be influenced by your personal preferences, financial situation, or advantages that come with this type of housing. Townhouses construction is very different from that of a single-family unit. Why, the later uses more space on the ground, a townhouse uses more space upwards.

This configuration makes a townhouse cheaper to construct that a normal house. The lower cost of building a townhouse may allow you to live comfortably in an area where you cannot afford a single-family unit.

2. Lower maintenance cost

Maintenance can really take a toll on your finances especially if you need major repairs around the house. In a townhouse, this may not be a big problem since you can share some of the cost with the owners of other townhouses attached to yours. For instance, if you need a new roof, you may talk to your neighbors and split the cost equally. At times, you do not need to take care of the cleaning of the compound since you can contribute and employ someone.

3. Amenities & utilities

Townhouses have common walls with the attached townhouses hence they have fewer walls. Therefore, you do not need to spend as much on cooling and heating as in a single-family unit. This will help you save money on utilities. In addition, depending with the type of townhouse you want, you may enjoy amenities that may not be available to those who live in single-family units.

You may have access to a community pool, a fitness center, a tennis court, a basketball court, a playground, a clubhouse, and many other amenities for you and your guests. It is vital to choose a credible construction company when dealing with a townhouse project.

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Mar 04

Your Dream House Is Within Your Reach! Read On…

If you are a first time home buyer, the below is information that you need to know before making that big step.

1. There are many ways to find homes: going to expos, searching for houses online or looking through notice boards at malls. The easiest and stress free way is to hire an agent. The below are the reasons why this is the best option to take:

  • Agents are aware of new listings in the market in terms of house prices and the best deals
  • They know the process and paperwork
  • An agent will use their resources like time, fuel and airtime to follow up with the search
  • If you are very busy, you can use your agent to preview homes and send you pictures of the same to help you decide
  • They are aware of overpriced houses and other alternatives and can advise accordingly

2. Let the agent be aware of your specifications i.e. large kitchen, mini kitchen garden, hardwood floors, brick walls or any other detail that are important features for you. Get to see at least five houses before settling on one.

3. Do not look at the price of a house only. Get the agent to negotiate the offer for you based on the location of the house among other factors like proximity to work, social amenities like schools and hospitals, rate of property tax, crime rate, quality of water and air and the general noise level of the area. These are also an important factor to consider when choosing a house. Agents can help you meet your expectations and get a good value for your money. Find out the total final cost that you will incur in the purchase which includes agent fees, settlement fees, taxes and the home owners’ association fees.

4. You can get a mortgage loan to help you buy the house. If your bank account transactions show a good credit history, then you may be sure to get the loan. Do not forget to purchase mortgage insurance to cover you in case you default on mortgage payments.

5. Once you have decided the house you want, contract an agency to do an inspection of the house before you sign any documentation. If faults are found, you may request the seller to repair the house or cancel the purchase altogether. From this point, you can get a contractor to remodel your house and customize it to your style and preference.

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Mar 04

Renting Out Real Estate: Can Short Term Leases Be Profitable?

If you are interested in making some money out of real estate, chances are that you will think about renting residential property to people who may need it. The growing demand for housing in many parts of the world means that if you star such a business in the right manner, chances are that you will be able to make a lot of money out of it in a short time.

When you are beginning such a business venture, it is always a good idea to try and get the specifics right as fast as possible. For instance, though it may technically be safer for you to offer the rentals for a long time, you may sometimes find it more profitable to offer short leases for the property you are renting out.

Instances where short leases may be more profitable

One of the instances where this may be profitable is when you offer furnished rental properties. Most of the time, people who are looking to get furnished properties normally don’t intend to stay for very long, which means that if you insist on asking for long leases you may end up getting very few customers. In addition to that, the fact that you can charge a lot for such properties means that it will be very easy for you to recoup your costs.

How to attract people to rent furnished properties

For this to work, however, you will need to find ways of attracting people who are more likely to rent the property. One of the ways of doing this would be to make sure that the property is well taken care of. For instance, once a customer has vacated the premises, you need to get the services of a carpet and pest control company to clean it up. This way, the next customers will find the property in pristine condition, and this in turn means that you will end up getting very good reviews from them.

Additionally, you need to identify the most likely group of people who will be interested in the property, and then market it to them in the right manner. This means making sure that you use targeted advertising to get their attention. This will reduce the cost of marketing without adversely affecting the quality of your marketing campaign.

The thing you need to remember is that when putting up a property for rent, you don’t always need long term leases to make the most out of it. Sometimes, you can easily make as much or even more by providing short term leases.

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Mar 04

Short Analysis of Singapore Real Estate For 2013

Private property prices in Singapore have been rising constantly in the past 3 years after the financial crisis in 2008. In 2012 alone, it is estimated that the real estate market has risen by as much as 20%. This is both good times for the property investors as well as worrying for the home buyers. Noticing this phenomenon, the local government has been taking steps to cool down the market. These are introduced in the form of cooling measures and there have been seven rounds to date with the last one in January 2013.

These measures are all aimed at curbing property speculators who are flipping their assets for a quick profit or buying their second or third homes. They are mainly the cause of the rising prices and keeping first time home buyers out of the market. Another group of people being target by the government is the foreign investors. These are usually cash rich individuals from countries such as China and India who feel that Singapore is a safe place to park their money. They have also brought their wealth into Singapore and keeping the real estate market booming.

These restrictions require the buyers to pay additional taxes called stamp duties for the homes they are buying. If the home is their second or third one, they have to pay more taxes. However, most people are skeptical of these rulings simply because the rich people can afford these additional taxes if they really want to put their money in a safe place. Last year, the government received more than 2 billion in additional stamp duties from such individuals. This goes to show that their demand is rather inelastic.

To see how effective is the new measures, there will be a series of new condo at Mount Vernon that will be launched in the first quarter of this year. This is the first test of the property market in Singapore to see if the buyers are really affected by the restrictions or adopting a wait and see attitude. Until then, no one can predict the market going forward.

Despite the restrictions, first time home buyers are relatively unaffected and will the target segment for developers in 2013. We will expect the usual marketing gimmicks that will be introduced to lure these buyers. These include discounts, designer home fittings and furniture vouchers. Though investors may be kept at the sidelines, genuine home buyers are still able to buy into the market.

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Feb 18

The Steps To Proper Custom Home Building

New home construction framingLooking to build your dream home? This sounds a lot easier than it actually is. When it comes to such a big project, you do not want to take it on alone. There are so many things involved, that all the steps could get overwhelming. Don’t stress yourself out by not knowing where to start, Utah custom home builders and other local companies near you will help you get organized and ready to construct your personally designed home. With advice and suggestions, contractors can get you in the right direction for what is best for you. Following these guidelines and hiring a professional will get you even closer to creating the home of your dreams.

Planning Ahead

The first thing you need to do before anything else is developing a very structured and detailed plan as to how you want your desired house. When you hire a professional contractor, they can guide you in the right direction as to how to plan out your home. With years of experience, it is good to get advice from an expert as to how things should be in your future home. You do not want to place something in an area where it could cause problems for you in the long run. Companies provide template plans for you to choose from if you are not wanting to start from scratch. They may also have well equipped architects and designers to help you if you are starting from square one. After you have decided the layout of your home, you will want to meet with your contractors to go over everything that will happen. This is the time to ask any questions or address any concerns you may feel. Doing this before construction is vital because you then can make any small changes before you have even begun.

Construction and Costs

The next steps involve the actual construction. This project can be very pricey and you want to make sure you aren’t breaking the bank. Find a financial plan that can help you continue on with your dream home. There are different types of mortgage plans and companies that provide loans for you so that you can have a comfortable amount of money still saved up if other issues were to occur. Next is to manage the construction. Simply check in and make sure everything is in working order and on schedule. There are different stages of construction that require a certain amount of time. If you follow up and determine if everything is running smoothly, you will be saving yourself time and money. Another great option to consider is to hire a Quality Assurance Coordinator. What they do is make sure that the building is meeting all requirements and codes. You want your construction to meet all the conditions that are set.

Finishing Up

After everything construction wise is complete, you will want to go through your house and inspect it. Make sure everything is just how you imagined it, and that there is no issues. Once this process is completed, you can finish all the paperwork that needs to be done in order to own your new home. After you settle in, most companies will check in and take care of any problems. It is good to find a company that provides services to their customers, even after they build their home. Utah custom home builders and other companies in your area are wanting to help you build and create a home that you will love living in for a very long time.

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Feb 18

Your Moving Budget: Things to Include

moving companiesOne of the most important things that you can do to ensure that your move goes smoothly involves building a moving budget that outlines all of the financial ramifications of relocation. There are going to be many aspects of a move that you will have to pay for, and knowing where the money is and where it is flowing, can ultimately provide you with stability, organization, and a method of seeing where you can save money on the overall process. Regardless of where you are moving, it is important that you create a moving budget and include some of the more important, and common, aspects of the relocation process. Here are some of the things that should appear on your final and printed moving budget no matter where your move is going to take you.

The Movers

The moving companies that you hire are going to be the biggest expense related to the move, so you need to nail down a solid price for the services that you are hiring them for. There are a number of different movers, all who offer different services, so knowing what you need and how much it will cost will set the basis for the budget that you are building. First, call around to different companies to get moving quotes, and then weed out the ones that are overly high and those that are overly low. Once you have a short list of companies you are really considering, contact them all and get binding moving estimates that will set the price you will ultimately pay for the services you need. When you decide which one you are going to hire, put this amount on your budget and add ten percent for any potential fluctuations that may occur due to extra fees of unexpected obstacles along the way.

The Home

There are inevitably going to be expenses related to the home that you might not have thought about when you were packing up the old home. While you might have missed them at first, these expenses are still going to require that you take care of them. You should add a section to your moving budget that will include things like the utility deposits that you will have to pay for, as well as any incidental costs and repair costs that you might be confronted with just after you move into your new home. Having some money on hand to cover these things will make the move that much more stress-free, as you won’t be scrambling around at the last minute trying to cover financial aspects that you didn’t really think of from the beginning. Furthermore, this will help you settle into your new home faster and without as much trouble.

The Trip

Finally, don’t forget about the costs that will be associated with moving your family to their new home. While your things might be covered, there are definite costs associated with travel for the people who are moving from one home to another as well. First, you need to decide just how you are going to get your family to your new home, and then you need to set aside the money that will be required to get this done. If you are opting to travel by plane, be sure that you have the money for plane tickets set aside. If you plan to travel by car, then set aside money for expenses like fuel, food, and lodging. In the end, this will make the moving process just a bit easier for everyone involved.

The author of this article, Kaylin McLeod, is an expert on moving with families. She works as a consultant that helps consumers today find cheap moving companies and helpful information on making moving easier by maintaining a blog at movingquotes.net. When she isn’t working, she enjoys reading and spending time with her two cats.

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Jan 30

Ways to Find Good Tenants

There are several challenges that come with owning a rental property. One thing that all property owners face at one point or another, however, is trying to find renters for their property. There are tons of people looking for a place to live, but getting your property in front of them isn’t always easy. Knowing that you lose money every day your property is empty, you’ll undoubtedly want to get your property filled as quickly as you can. Here are three tips for finding new tenants and getting your property filled:

  1. Ask your friends- One of the best ways to find new tenants is to speak with your friends and see if they are interested. You never know when one of your friends will be looking for a new place to live and will be interested in renting your property. Even if they aren’t interested in renting the property themselves they may know of someone who is. Often times if you get a referral from one of your friends there is a good chance that it is high quality. Another way that your friends can help you is by sharing your listing on their personal social networks. Social media is a fantastic way to extend your reach and it could end up being the source for your new tenants.
  2. Ask your current tenants- If you have a good relationship with your tenants, but their lease is up and they are looking to relocate you should consider asking them. Just because your tenants are looking to move, it doesn’t mean that they didn’t have a good experience and didn’t like your property. Ask them if they know of anyone who is looking for a new place. They might just surprise you and come through with a quality lead.
  3. Use a property management agency- If you find that you are still struggling to get your tenant filled with rentals, then one of the things you should consider doing is hiring a property management agency. One of the benefits of a property management agency is that they will work hard to market your property for you. They have access to all sorts of networks and will be able to spread the word about your listing and get it full quickly. Another benefit of an experienced property management agency is that they will be able to perform a tenant screening for you to check things like employment history, credit history, and criminal background.

Remember that even though you may be eager for new tenants, you want to get someone who will be easy to work with and who will respect your lease agreement.

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