Things To Know Before Buying A House

October 24, 2016  //  Posted by: Sussane  //  Category: Real Estate
Tips for Buying a home

Ways of buying a home

Buying a house is like the biggest investment you will ever make in your life. It’s such a big decision and you need to be prepared for it. Buying a house involves many things to be checked and it’s a big matter. You need to make some study and have idea as to what to see and check while buying a house. If you are going to become a new home buyer then here are some of the things to know which will help you make the right decision.

  • Know how the process of buying a house works

When you finalize the decision of buying a house, you need to be aware with the home buying process. There is lot to know about the process. How to hire a broker or what would be amount of brokerage to be paid or how will be the payment procedure of the brokerage. All these things must be learned before going for the final call. Many of the time these brokers also trap you emotionally with sweet words. Don’t trap into any such thing. Keep the frame of your mind soughed and buy only if you like it.

  • Beware of fix uppers

A fix upper house is a house in an area where you would not able to afford a home but still you are getting it because of the condition of the home. While buying a house, make sure you are very much alert about such types of houses. These houses need a good amount of investment in renovations. If you are ready to put a high amount in renovation the only opt for something like this. This kind of purchase is risky purchase. It’s advisable to go for home inspection for such houses after rain so be sure you will not end up having big hole in your pocket after opting for such home.  Generally the areas to be checked in such homes are basement, roof and foundation as they eat up lots of money.

  • Manage your finances

While buying a house, if you like a particular one, first of all you must consider your finances. Check whether you are able to make the down payment or not. If you are going to take loan for the rest of the amount then what will be the amount of loan and whether you will be able to pay that or not. If all the financial criteria match up then consider the final purchase or else you don’t want a palace where you have to live like a beggar.

  • Check out all the areas properly

When you are buying a home, it’s very important to have a detail check on each and every area of the home. Check interior as well exterior areas of the home in detail. Many of the people just have look at the interiors and forget the exterior which is very much also equally important. If there is any repair in interior part of the home then it is affordable but exterior parts repair are too much costly.

Things to Consider Before Renting an Apartment

July 30, 2015  //  Posted by: Sussane  //  Category: Real Estate

Things to consider before rentingFinding out a suitable apartment is not an easy task as you have to choose one from plenty of options available. Not only have you had to choose one you have to get stick to it for the whole year by signing out the lease.  For getting a perfect decision for your home, you need to be particular as to what you want from your home. This should be decided before beginning the search of your apartment. For making your decision and search process little bit easy here are some of the points to consider before renting an apartment.

  • Location

The basic thing to be taken into consideration is the location of the apartment. It depends upon which type of surrounding you want. You might want a apartment which is close to the point of interest of the city or you also has a place in mind which serves you with a good neighborhood. Decide the area which is general to live. You don’t have any specific choice of place for your apartment in mind then you can also see for the surrounding area. Check out the area provides a good sense of neighborhood, along with shops and departments for basic amenities. Also see the environment and overall character of the location before renting your apartment. Don’t go for the one always go for options and then decide the one you want.

  • Rent

Another consideration which you should see is of the rent. The location and other factors must match up with the amount you are willing and able to pay per month as rent for your apartment. Before searching your apartment you must decide a specific range and search according to that range and also have a maximum figure up to which you can go. If you are living with others take care of the constraints you have to face and then decide the range of the rent.

  • Length of lease

Decide the time limit for the lease of your apartment. You must decide beforehand as to how much time you need to stay in the rental apartment. Generally the lease period is six months or it can also be one year depending upon you. If you want a rental apartment on monthly basis then your options gets reduced. Along with reduced options your rent per month also gets higher as compared to the rental apartments with higher lease period.

  • Size of the apartment

Next thing to consider is the size of the apartment. Determine which type of apartment you want and of what size. There are varied sizes in the rental apartments as for single family apartments to large size apartments for larger family. Check out both the positive and negative impacts of the rental apartment. For example some of the apartments offer privacy and space but they fail to offer the amenities nearby.  On a contrary there are several rental apartments which offers good amenities but they lack in the matter of privacy, there is always public around.

 

Tips To Buy A Property In East Coast

December 08, 2014  //  Posted by: Property Owner  //  Category: Real Estate

east coast propertyThinking about buying real estate in East Coast? Know all the aspects before taking a decision.

 

Why buy a house of your dreams?

There are several advantages of buying a coastal home. Some of the pros are:

  • Beach itself is an amazing reason itself
  •  The soft sound of water and the picture perfect view
  • Escape from the city
  • Calm soothing relaxing environment
  • Oceans effects the weather
  • More oxygen
  • Therapeutic effects of salt water
  • Make your family happy

Or it better to think again?

But, remember it is not all good. There are a lot of cons in buying a coastal property as well. Some of them are:

  • Way more expensive
  • Insurance is even more costly
  • Crowded during seasons
  • Home maintenance is just too much
  • Completely empty in off season
  • During winter, no shops are open
  • If you are investing, then it’s an on and off source of income
  • Also, difficult to find a tenant
  • Higher risks for natural hazards like floods, storms etc.

Advices:

General tips:

• Reason

Is it an investment or a permanent home or a vacation home? Keep a clear idea about this.

• Location

Check out the popular locations in your desired areas. Also, never be rigid about which area you want. There is a possibility that a better prospective comes up

• Buying capacity

Always remember, never starve yourself just because a costlier purchase. Always keep your price range fixed and find houses accordingly

• Buyer for your own house

If you are thinking of shifting permanently, don’t buy anything until you have sold you own house.

• Legal aspects

Appoint a solicitor, who can explain all the legal aspects to you.

• 10% deposit

Make arrangements for the deposit as this money isn’t covered by the home loan

• Settlement time

Always understand, that settlement time is the time between settlement date and transaction period. Make sure you enquire about it.

Bank evaluation

While making such huge purchases, it is wise to take a loan from bank and then buy even if you have assets. Bank loans save you from the legal issues of giving records.

Remember that you should choose a bank for mortgage with minimum tax. Also, you should understand all possible aspects of taking loans

Buying

Finally while making a purchase, try not giving yourself away. You can get a better price

• Auction

Buying in an auction is good as you can get a well inspected fully furnished house in your price range

• Good market

If buying it from a seller, make sure to be safe. Approach 2 3 people before making a decision

Understanding contract

Understand each and every aspect of the contract and make changes accordingly

Pre-settlement inspection

Make sure before you make the purchase, you get your house inspected properly to avoid house repair expenses.

• New is better

Always try choosing a new home rather than an old one. It is more long-lasting.

• Excess of anything is bad

Don’t buy a 4 bedroom house or a very big house. Instead go for a nice penthouse apartment with 2 bedrooms only.

• Pests and building

Make sure the base of the house is good. Also, there shouldn’t be any infestations.

Your house is a big commitment. So choose wisely.

Investing In Commercial Real Estate

January 13, 2013  //  Posted by: Property Owner  //  Category: Real Estate

Commercial Real Estate, real estate investmentsOver the last few years investing in Commercial property has been on the rise. Not only does the market now allow this upward transition from residential property investments, it has its very own special perks. Having a commercial property today lets one build up equity to sell late at a greater profit, if monthly income is required the property can be rented and a good cash flow can be expected. If the owner has a commercial establishment of his own, he can avoid paying rent and even lease out portions for rent which are not being used.

Commercial property is a very secure investment. For a tenant, one has to pay the largest mortgage and for a landlord the plus point is that commercial leases increase in cost with the increase in the Consumer Price Index. With a proper eye for commercial property, investments can turn out to be big assets.

Finding an HDB housing within budget

January 07, 2013  //  Posted by: Property Owner  //  Category: Real Estate

HDB housing, real estateWhen you go looking for HBD or housing and development boarding houses you could either take them for rent from the market or get them directly form the HBD sector. There are some conditions and regulations which one needs to follow in order to get these homes. For example the person applying needs to be a citizen of the country n question, they must have a given minimum monthly income, and he or she must not be living with a joint family.

These are some strict rules which one must abide to in order to get HBD houses. You could search in the classife3ids section in order to get good deals. Many HBD houses are available at lower rates if you book them in advance. If you are on a budget, you could also go for the instalment payment method which is rare but possible in some countries. You could also search through online portals to get the best deals in your locality.

Things to consider while purchasing coastal properties

December 11, 2012  //  Posted by: Property Owner  //  Category: Real Estate

purchase coastal properties, real estateWho is not interested in buying a property, which is nearer to the sea? The beach house is everyone’s dream. By purchasing coastal properties, makes you relax and enjoy the beauty of the nature. It is a good spot for sightseeing. It is a place of joy for adults, kids and elders. Buying a coastal property is expensive. But it is a good investment. You can buy a property through the real estates. Real estate brokers know the owner of the place and price of the place. So contacting the owner is easy.

Here are some points to consider before buying

• Check the properties legal document.
• Check whether the property is approved by the government
• Measure the size of the property and check whether the same information is mentioned or not.
• Compare prices with different agents.

There are lots of classified websites are available for buying the property. Also you can find properties through that. Before buying the coastal property, you have to consider all the above points.

Overcoming the common real estate obstacles

December 06, 2012  //  Posted by: Property Owner  //  Category: Real Estate

real estate issues, real estateGetting a home is an exhilarating method; nevertheless it is not at all times a smooth one. Certain renters look at the prices involved in purchasing real estate and think how any person who is not wealthy could afford to accomplish so. however they look at their co-employees and friends, a few of whom seem to be to have significantly less income than they do, furthermore observe that this basically is not the case. A lot of obstacles could get in their way when at very first time home purchasers take towards the market.

Since it truly such n huge investment, a few home purchasers freeze up on the prospect of getting their search to an ultimate end. They carry on to look at home after home, persuaded that they have not discovered the best one fairly yet. If you have been keenly hunting for real estate for eight weeks or much more, it could be time to cease looking and begin purchasing. Purchaser’s remorse is spiteful, but sooner or later you need to bite the gunshot as well as go together with your own gut.

Importance of having a mortgage broker

December 03, 2012  //  Posted by: Property Owner  //  Category: Real Estate

mortgage broker, property tipsAre you planning for a mortgage loan lately for your new home? Well, that’s good but always make sure to consult a mortgage broker in your venture since mortgage is a complex affair and demands professional consultancy.

The prime advantage of taking to a mortgage broker is that he is well knowledgeable about the market scene and thus can find you out the most compatible mortgage deals for you as your specific needs and budget capacity. They have accession to a huge range of mortgage lenders in the market and hence are in a position to get you in touch with the most suitable mortgage lender.

Moreover, as mortgage involves a number of legal regulations its little tough for a layman to comprehend the terms completely. Your mortgage lender her would not only educate you about the different mortgage terminologies but would also help in the required paper works needed to attain the loan.

Buying property in Texas

November 21, 2012  //  Posted by: Property Owner  //  Category: Real Estate

property tips, real estateIf you dream of living in such a place which has a very picturesque natural beauty and offer tranquil, peaceful and calm surrounding, then grabbing a plot of land in the countryside is the best option for you. Normally the prices of the land in country side are quite cheaper and they have very good future prospect as well. To fulfill all these aspects, you can consider buying a plot of land in Texas as you will get all these facilities out there.

Before you narrow down on a single property to buy, take proper information regarding the property, its owners and the
surrounding. Make sure that the property owner has all legal papers abiding by the federal law ready with him. To avoid any type of future problems, this is a must thing.
Also make proper research regarding all the available property and their prices. Go for the one where you get the best deal at a best price and which fulfills your entire requirement as well.

Top 5 must invest in destination on east coast

November 03, 2012  //  Posted by: Property Owner  //  Category: Real Estate

Property Investments, Property tipsThe East Coast is one of the most prosperous areas in America when it comes to investment in real estates. There are a number of areas in this part of the world which have a lot of demand in the real estate industry as they are leading in many aspects such as industry, tourism and even residence. One of the best places to invest in the East Coast is New York.

It is one of the most popular American states with the most expensive city in the world New York. It is place where a lot of migration takes place and the lifestyle of this area is fantastic. Another top investment destination is the capital city of Washington DC. Ohio is also an important name when it comes to the investment areas in the East Coast. Another great investment destination on the East Coast is Miami. The final name that should be mentioned in this list is New Jersey.