Real Estate

House for Maximum Profit

4 Pro Tips on How to Flip a House for Maximum Profit

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If there was one thing to learn from the recent downturn in our economy it was that relying solely on one source of income is a really bad idea. We should have a backup plan. If we lost our job tomorrow we should actually walk out with a smile on our face. Can you say the same thing? I hope so. And if not, it’s time to get to work on your backup plan.

Now is the perfect time to flip a house for profit. Our recession happened because the real estate market was too heavily leveraged. Now that everyone is gun shy from real estate, a savvy investor can buy property cheap and turn a tidy profit. There is money to be made. A lot of money to be made, but you must be a smart investor. Keep these strategies in mind as you begin your journey into flipping houses.

Don’t overpay

I know, it seems so obvious but remember this. The money is made on the purchase not the sale. A good rule of thumb to follow is to limit your buying price to 65% of the repaired value of the home. Remember you’re in this to make money so if you simply cannot pay retail.

You must factor in that there will be closing costs, rehab costs, and other expenditures. If you pay more than 65% of the repaired value of the home your margin will be too low to make money. Even worse, you may lose money. These aren’t homes you are going to raise the family in and make lasting memories in so don’t be afraid to walk away from a bad deal.

Know which improvements to make

While flipping houses, it’s essential to know which upgrades to make. There is a probability that you will lose a deal due to under-improving a property and increment your expense due to over-progress. If you want to have low renovation cost then invest in apartments for sale creek harbour.

Ensure that you know about the vital remodels and fixes to make just as the upcoming industry trends. Endeavor to join the most up to date innovation in warming, ventilation, cooling, plumbing, electrical, apparatuses, and other keen home enhancements on the off chance that you have the financial backing to build the estimation of your home. If you want to have low renovation cost then invest in apartments for sale creek harbour.

Invest your own money less

On your first purchase you will probably have to put some of your own money down, but do not put any more than necessary. The more of your own money you tie up the more you limit your own cash flow. It may take a little time to get comfortable with this idea, but you simply will not be successful if you tie up your own money in your investment properties. Once you flip a house for profit you should have money coming in to use for your future ventures.

Have someone else do your renovations

The simple fact is that if you try to do everything yourself you are seriously limiting your potential. You will only be able to work on one house at a time. One house may be all you are looking at now but once the snowball gets rolling you will have multiple deals brewing at the same time. If you are rehabbing a house you could miss out on several great deals. Put together a team that will help you accomplish your goals. Have a handyman or contractor on retainer and put them to work. You will lose far more in lost profits from missed deals doing all the work yourself than you ever will paying them.

Buy from motivated sellers

The best way to get a great deal is by buying from motivated sellers. Banks are very motivated. Their mortgage portfolios turned into foreclosure portfolios. They need to unload those properties. If you want to get a house at a great price and flip that house for profit then Apartments for Sale Creek Harbour is a worthy option. The economy has created many other motivated sellers too. People who lost their jobs and are relocating for work will be in a big hurry to unload their homes. The folks that are in the unfortunate situation to be faced with a foreclosure will also be in a hurry to sell their homes.

Investment In Residential Properties, Making Your Money Grow Rapidly

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Although investment in real estate has given varied returns, sometimes showing a frenzied growth, and sometimes surrendering to markets that are calmer at times. But in recent times, residential property investment has experienced a steep rise in returns for those who have been able to sell out their property at the right time.

Investment In Residential Properties, Making Your Money Grow Rapidly

Holding Period

Although property consultants may suggest a minimum of three years for holding on to a residential property, in order to get the best returns, it would be prudent to opine that there can be no fixed time for holding any residential property. This is due to the ups and downs in the real estate market, and if you are closely monitoring the prevailing market while having made an investment in residential property, you can really make hay while the sun shines. Investors get multiple opportunities when investing in the real estate sector, which include buying a residential property and giving it out on rent. While there may be few risks in renting out residential properties, when the tenants may not be up to your expectation, there can be times when you can get regular returns through rental income, especially if your property is located at prime places. Although there may be a hassle in seeking good tenants, and realizing rent on a monthly basis, and maintaining a healthy relationship with them, you can avoid the hassle if you entrust your property management to professional property management services. Another avenue of getting high returns on your residential property investment is to buy a residential property on mortgage and rent out to earn just the amount that covers the cost of mortgage, taxes and maintenance. This could be done till the expiry of the mortgage period, when the value of your property gets appreciated.

How Property Management Services can help you

You will find, on searching the internet, property consultants and property management services offering professional and expert advice to help you get maximum return on your investment in residential property. These property management groups are highly experienced in each and every aspect of real estate business and investment ideas that also include residential properties, and will help you with valuable advice to make the right deal and the right time for selling out or in renting out the property. The services they offer include:

Different Investment Property consultation services

Buyer as well as Seller representation

Comparative market analysis, also known as CMA

Proven marketing strategies

Effective property management

Different home staging advice

Complete team support for real estate deals and much more.

You can rely upon these professional service providers and get unexpected returns on your residential property investment. These real estate investment service providers will help you with the management of your properties, maintenance, advertising for rent, collection of rent and other issues that may arise from time to time. They can also help you in interviewing tenants and selecting them on your behalf. Having them by your side can help you reap high returns on your investment in real estate.

Constructing Your House vs. Hiring A Custom Construction Company

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After considering the costs and benefits involved in investing in a flat or land, the option of investing in a land which is barren and is most suited for living in long term considering the locality, future value of appreciation etc. is any day better than similar looking apartments in a building. Once you have decided that you are going to invest in an empty land and then construct a house there, the next thing to worry about is whether to manage the construction yourself or hire a custom construction company. Let us look at the factors related to both the decision and then the trend that India seems to follow.

The decision is simply between whether to arrange for and manage construction yourself or hire a custom construction company for the job. The things that make this decision even more crucial are cost consideration, quality of material, freedom to change layouts and time etc. these things plus the changes in economic conditions affects the make or leave decision to a great extent. The factors that affect this decision are explained in some detail below:

  1. Project size

More the size of project, the more is the complexities. If your land area and the planned layout is more than 1 floor, appoint a construction company to get it made, as the intricacies will be better handled by them as compared by the workers who work at your command.

  1. Budget

It is any day more cost effective to manage the work yourself than hire a construction company with fixed rates of working.

  1. Remodeling

If you plan on remodeling when your project is at mid construction stage, it’s profitable to get construction done on your own to save the cost related to change in layouts. The freedom of changing your plans is higher when you do the work through your means.

  1. Electrical and carpentry work

It’s advisable to get the detailed work related to carpentry, electricity etc by hiring construction company, as they need proper work experience.

  1. Satisfaction

Many owners find satisfaction only when they are able to manage the construction, quality of materials used etc. right in front of their eyes.

  1. Security

There is always a chance that when you hire a construction company to build your house, they leave the construction mid stage. The chance of project coming to a stoppage suddenly reduces when you mange the work yourself. Also, in case you are facing a shortage of funds, it is in your hands to put the project on hold or delay something when you are responsible for building the project.

  1. Legal permits

The legal paperwork, taxes, codes etc. are managed by the construction company; you don’t need to worry about the nitty gritty of the formalities as it will be managed by the construction company.

  1. Time

Hiring a construction company to do your job consumes less time as compared to managing things yourself, in case of problems, remodeling also, Construction companies can do a much faster job.

The other option

If both managing the construction and hiring a company to build your dream home seems like a stressful task to you, you can always try the other option and that is to buy an independent villa of your choice.

Investing in independent villas has become the latest trend in India’s property market. There are many builders who expertise in delivering independent houses which suits the taste of today’s contemporary buyers. Out of all the metro cities the rise in demand for villas in Bangalore is much greater than any other city, only because of the single reason – the availability of options in the villa segment to meet the need of a diverse background of buyers, each with their special need.

Whether you manage the construction or you hire a company to do that for you, or also if you plan on buying pre made villas/ houses, are ultimately based on your choice and level of stress you can take. Irrespective of what decision you make, be sure that you weigh your cost as compared to the benefits.

Investing In Organic Design Elements To Attract Buyers

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Designing a home interior can be a long and frustrating process, especially if you plan to sell your home in the near future. There are literally hundreds of ways in which you can set everything in order, yet the one which creates the best synchrony between nature and your home is going organic. This means basically using organic materials and design elements to create everything from floor to walls. Organic interior design is a trending thing, something that potential home buyers simply like to see, and for all those wondering which the best solutions are for one such home design, here are a few tips to get you started. Read More

Is A Hard Loan A Good Investment Tool For Your Situation?

Is A Hard Loan A Good Investment Tool For Your Situation?

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Getting a mortgage today is nowhere as easy as it used to be. Less expensive interest-wise, if you don’t have the right assets or income to debt ratio, you may be left without many options. Hard money loans are the answer to many difficult investment situations. They are structured differently than traditional loans and are most commonly associated with much higher interest rates. Before you take one out, it is best to decide if it is worth it for your investment purposes.

Hard money loans are the perfect solution for investors who intend to purchase a house but never own it long enough to worry about the rate of interest. People who buy an investment property and expect to sell it quickly can benefit from a hard money transaction because they can get quick money without jumping through all the hoops or having the equity that it takes to be approved for a mortgage.

Hard money loans differ from traditional loans in many ways. Often not coming from a traditional lender, hard money lenders or HMLs are typically loaned from either small equity groups or private individuals. The major advantage is that they often do not take into consideration things such as credit scores. As much as twice the average of interest mortgage loans, they also are associated with high origination fees.

Other major advantages are that you can borrow up to 100% of the value of the home. Using the property as collateral, you can mortgage the property with the property, that is very attractive for business who are purchasing the home to fix it up and build quick equity then pay it off just as quickly. Often not making more than a couple of payments on the hard money loan, they aren’t concerned with the rate because it will likely not affect them.

Hard money loans are usually approved with very little paperwork and within just a couple of days. With traditional mortgage loans taking as many as 30 to 45 days to close, it is sometimes an attractive proposition to the seller. Being able to close quickly and to give cash on hand, many sellers may be more willing to take less than to have to own the house for longer than they want to.

So, is a Hard Money Loan for you?

If you are looking at buying a home for personal use, then a hard money loan is not the way to go. If you don’t have the funds to pay for a mortgage now, it is much smarter to clear up your credit, save for a down payment, and try to go the traditional route. If you are looking at a property merely for investment and quick equity building, then it may be a smart decision. The allure of being able to close quickly may save you on the price of the house, and although having a high-interest rate, you likely won’t be paying more than a month or two before you can pay the entire balance off. For more information about the potential to obtain a hard money loan, contact Blue Jay Equity investments for more information about whether it is in your best interest.

Proper Ways To Invest In Commercial Real Estates

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The real estate market represents one of the most vital parts of every economy. Generally speaking, every country that wants to boost their growth invests in real estates and the construction industry. It is not only national government, but also private companies and funds that invest in this branch of economy. Commercial real estates are among the most lucrative parts of this branch, since they represent safe oases where your money can be hidden from ruin.   Read More

Hints On Starting A Moving Business

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Bill Gates once said: “When you find a good idea act on it right away”. You will agree this is a great motivational tip for any start-up. However, one simple question remains unanswered. How to act on it? Is there a business checklist you can go through? With over 2,100,162 currently active businesses in Australia, your future moving company is only one small fish in a big pond. The path to success starts with understanding legal, marketing and financial implications. Read More

Real Estate

Here’s An Update From Bangalore Real Estate Market

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Bangalore is an IT capital and hub for south Asian nation. Profile of developers within the town is extremely smart.’ Bangalore’s property market received the most non-public equity investment of nearly Rs 2,000 large integer within the country throughout January-September 2013 with exaggerated demand for hired workplace assets from institutional investors, in keeping with property authority.

Sobha Square is one of the brand new creation by the reputed real estate builders Sobha Limited.

Being the IT hub of India, Bangalore has a multi-cultural population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. Currently, the most promising residential micro-markets are Outer Ring Road (ORR), Sarjapur Road, Whitefield and North Bangalore

Luxury Residential:

Bangalore is the third-largest hub for High Net worth Individuals (HNIs). It is estimated to be home to over 10,000 individual dollar millionaires. Bangalore has a large base of expatriates who live and work in the city.

The residents are well travelled, cultured and have sophisticated tastes. There has been increased demand for high-end residential apartments in the city, particularly in the Central Business District (CBD), Secondary Business District (SBD), Whitefield, North Bangalore and Outer Ring Road sub-markets. We expect consumer demand for high-end residential projects in these sub-markets to be steady over the short term.

The Sobhasquare project is conveniently located in Kogilu Cross, Yelahanka, Bangalore and enjoys close proximity to all social facilities.

Bangalore is one of the most promising markets for villa projects in India. Villa and row house developments are most active in the North Bangalore, ORR, Sarjapur Road and Whitefield micro-markets. The main driving factors for this segment are social infrastructure, proximity to workplaces, good physical infrastructure and access to medical and educational facilities. Because of these reasons, micro-markets such as Whitefield, the ORR IT corridor, Electronic City and few areas in North Bangalore have witnessed a steady demand from the mid-income segment.

Affordable Housing:

The affordable housing concept has gained ground in Bangalore City, mainly due to a few graded developers like Purvankara, Brigade Group, Shriram Properties, Golden Gate Properties, Ozone Group and Nitesh Estate who are focusing their projects for customer segment. In most cases, the housing units are made affordable by reduced unit sizes, compromising on civic amenities and other USPs which were typically provided as differentiators to the competing projects in the micro-market/city.

With increased demand, ‘affordable’ housing projects have witnessed an increase in the capital prices and are now priced higher than or similar to mid-income segment projects. These projects have also seen substantial rise in capital values because of increased cost of land acquisition and construction. These include Tata Housing, Usha Breco Realty, Godrej Properties, Ashoka Group, Jannaadhar Construction, CSC Builders, Brigade Group, etc.

Overall Demand Scenario:

Central (CBD) & Off Central (SBD):

Low supply and high demand. Due to low availability of large land parcels and high capital values, these micro-markets have seen a limited supply of residential developments. These markets have very good social and physical infrastructure. Nitesh Park Avenue, Prestige Kingfisher Towers, Westcourt Cityview, ETA Beau Monde, 77 Degrees East, Sobha Indraprastha and Prestige Edwardian are some of the high-end projects in these micro-markets.

North Bangalore:

The demand for high-end residential units remains high in the North Bangalore region. Residential real estate activity in North Bangalore has gained traction post the commencement of the Bangalore International Airport. The projects located around Hebbal, Bellary Road and surrounding areas are in the luxury segment. North Bangalore is assured to be the next economic center of Bangalore. Proximity to the International Airport and planned social and the physical infrastructure in the North have boosted development in the area. Embassy Lake Terraces, RMZ Latitude, Karle Zenith, Equinox, Embassy Boulevard are some of the high-end projects in the North Bangalore.

South Bangalore:

The demand for high-end residential developments is low in the South. The housing requirement in this area increased after Electronic City established itself as an IT Hub in this micro-market. However, it did not attract premium residential developments due to poor urban and social infrastructure.

East Bangalore:

Whitefield as a micro-market has developed into a self-sustaining area. Along with being an IT destination, this area has good social infrastructure and developing physical infrastructure. Hence, the demand for luxury residential developments remains high. Adarsh Palm Meadows, Prestige White Meadows, Chaithanya Sharan, Windmills of Your Mind are some of the luxury projects in this market.

West Bangalore:

This micro-market has not been successful in attracting many real estate developers as it fails on the count of good social infrastructure. It is mainly dominated by industrial developments and has seen hardly any developments in high-end residential developments.

Factors Influencing Appreciation:

The following are the factors influencing the capital appreciation and rental potential in Bangalore:

Growth in the IT Industry and a rapidly increasing number of High Net-Worth Individuals, and movement of expatriates. The proposed infrastructure by the Government (Peripheral Ring Road, Metro Rail, Signal Free ORR, High Speed Rail Link, Mono Rail, Elevated Expressway). The proposed SEZ and IT parks in North Bangalore. (ITIR in Devanhalli, Aerospace SEZ, Devanhalli Business Park).

What Realtors Should Do To Help FIRST TIME HOME BUYERS?

What Realtors Should Do To Help FIRST TIME HOME BUYERS?

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Without wasting any time, let’s start discussing how Realtors can help buyers to set Realistic Expectations? Three methods are given below with the help of which Realtors can help buyers.

Impart Knowledge About Sellers Psychology

It is the responsibility of the sellers to guide the buyers about seller’s Psychology. Realtors must tell their clients that asking for excessive concessions and repairs might kill the deal. If they are interested in a house and want to buy it, then realtors must take the situation in his hand and try to make a good which will be good for both seller and buyer. Real estate agents must give buyers a fair view to buyers and make them understand what kind of market they are about to enter, to what extent their offer will not get rejected by the seller. They also have to make sure the price buyer offers are grounded in reality.

There are sellers who are emotionally attached to their property and the enhancements they have made in the house. That is why sometimes sellers get offended if buyers quote much lesser price than they expected. At that point, no counter will be forthcoming. This is the point when the buyer needs a good agent who counsel them and tell them when it is suitable to lower the price and when it is insulting.

Be Honest to Buyers About the Market

Many realtors use to say “It’s a great time to buy a house, whether it is or not. Even in the run-up to the housing market collapse, when market prices are inflated, many realtors used to print newsletters and publish blogs regarding what tremendous time it is to invest in real estate or buy one. Always make a point of telling the customers about the current market scenario.

Real estate agent must get real and stop making these statements. Because it is not always the best time to purchase a house. When buyers are totally into the market, they try to exploit the first time buyers that they avoid doing. It is their responsibility to guide the buyers and inform them about the current market trend and prices. If the current market is worthy enough to invest, tell them to invest but if it is not them inform them about the same. By applying this kind of fair practices, buyers will be benefited in a huge way. Realtors are the one who live in the market, they know every ups and down related to real estate market. They are experts in their field, they know how the market can be handled. They should try to help the investors and buyers who come to them for help. They should advise and guide them properly.

Work with Buyer’s Budgets

This is the point that is worth mentioning. Every buyers who are searching out a new house does not know much about what house they’ll buy? And at What budget they will get what? It is the responsibility of Realtors to guide the buyers and let them know what they’re going to get with the budget they have. Everyone wants to buy a multi-storey house, having Spanish furniture, Italian marble, but they can’t if they do not have sufficient budget.  It is the responsibility of realtor to show the buyers the homes that are priced at and below their budget.

For More Information Visit: KRasa Group

Real Estate Websites Are the Only Medium Of Booking Rented Houses Anywhere You Want To

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People are acquainted about their kids’ holidays etc. They make up their mind to take them to trips to make them happy or giving them a holiday gift. It is also very difficult to stay at a single place throughout the year. Change is always necessary to change the mindsets. In other ways, it is very difficult to stay in the month of May and June when summer is at its max. This is the peak time when we all think of trips.

Online websites like Real Estate Mysore give you a clear picture and agenda to book rooms on rent in Mysore of your choice depending on the team size going for the trip. People who are the host and organizing the trips, they need to book houses or do accommodations well in advance to avoid any challenge during trip. It has been observed that late planning can push you up for canceling the trip as well. No doubt, people love staying in hotels. However, staying in any hotel cannot give you a feeling of your own home. On the other hand, a rented house will indeed gives you an experience of enjoying the family life in a tourist place.

We all like travelling a lot. Travelling to different cities on vacations along with their friends, colleagues and family etc has been granted as a most wonderful experience of the year. India is well-known to enjoy plethora of tourist spots. It is the central hub of magnificent holiday destinations. Such beautiful destinations make your journeys memorable throughout the life when you get the desirable rooms on rent in Mysore. People get a chance to live a stress free life for few days or months. You will be able to know about their culture, food habits, hospitalities and the customs etc. Some customs are very interesting as they are completely alike from our ones.

Experiencing new tastes and new things gives you an excitement as well. A wonderful journey with family and friends is life time memorable experience. You will be able to see so many things which are out of your imagination. Kids seem very crazy to get new friends and feel relaxed as they are out of studies for some days. These are the golden days for them, so they like enjoying as much as they can. They like collecting new and different things and want to take it in their native places. They also interact with other new friends as well. You must see and feel a difference in yourself when you will be back.