Category: Your Perfect Home

Over the past couple of weeks, while studying various locations throughout great America, I discovered that there are still a great number of individuals still making a profit in the property sector.

During such a trip far up through Florida coast, it struck me that even under the worst situations, like the storm “Irma” that recently hit the USA, and this storm had been recorded as a second strongest hurricane to hit the Atlantic region. With wind speed reaching up to 185 mph, the hurricane had slammed into the Northern Caribbean threatening life and had caused massive floods.

Be it a cyclone, a tropical storm or a twister that strikes, it is unfortunate to endure such fate however it can be a blessing in disguise or an opportunity for investors to capitalise on these misfortunes and rebuild the torn state back to its glory days.

This unfortunate storm hit locations leave us with one prime thing to think about “the Place itself” and rebuilding these places leaves only one distinct characteristic which is, it will eventually lead to a sound investments strategy to capitalise on these unfortunate times.

While numerous financiers study markets thoroughly prior to investing in them, others are having their financial investments improved by living it to natural elements like those above.

Typically, a popular location of a property has a direct relation to price, and the price would normally be about 10% ~ 15% higher in these areas compared to the surrounding areas and this heavily relies on a property per se at a popular location. If a residential or commercial property is centrally located, then, in theory, one should see an uptrend or more likely the take-up rate would go up over a period as compared with homes at a surrounding or distant place hence the price would spiral upwards.

These may sound as outrageous claims however I will elaborate more as you read below. There are a couple of things that you may reconsider as these opportunities emerge;

1. Have ready capital to make a financial investment immediately or find legal ways to obtain this capital to make this financial investment.
2. Have a comprehensive understanding of the property market and the location where you are intending to acquire the land or property.
3. Go to where these catastrophes are and find out people who are not restoring these homes or go to insurance companies who have direct contact with these unfortunate people in hard times and offer a service.

Some of these people are keen on bringing back these damaged houses back to its original state or sometimes may have wanted to do an “Alteration or Addition” to make the houses better than its initial condition itself, through their premiums and within their financial means.

1. Find a residential or commercial property inspectors or property managers in these areas, you can collaborate with them to assist you to identify these defective units in the residential or commercial property prior to you purchasing them.
2. Alternately you can simply look at the papers, public libraries, websites or merely participate in any forums or city board conferences to know more about these markets.
3. If you have access to some handyman services or home supervisor or people you know who can do these work, contact them or you yourself if capable of doing this repair work yourself will be good.

 

As stated above, the location or area is the primary aspect that identifies these real profits or Returns on Investments to be made, therefore research or in-depth study is required prior to making any such financial investment in these locations and a word of warning, do not engage in this activities without doing any research.

1. Ravaged locations by typhoons, tropical storms or storms are highly prone to have rental spikes immediately after restoring stage is over, and these brand-new or re-built houses coming back into these locations, one can expect a spike in price too.
2. Although it might not be easy to find these damaged or catastrophe hit homes or homes due for foreclosures at a lower price, if you persist at it, you will eventually be rewarded tremendously.

As I travel up far north, with spare time on my hand, please tune in regularly and I promise you will I will share a few more tricks with you on how to identify these goldmines.

So, when you hear of catastrophe, it may be a call to you to do your bit to the society and succeed.

And if all else fails you can always purchase a ready built home like the ones in Gem Residences Toa Payoh

All the very best with your search

Even though the economy continues to be floundering, and maybe even because of it, quite an few people throughout the world that are anticipating buying a replacement home in the comparatively close future.

Although it can be quite exciting venture, particularly if you’re checking out your dream home, it may even be terribly straightforward to let your enthusiasm get within the approach of constructing a correct call. However, if you are taking somewhat a little bit of time to make a decision on what you wish for and what you would like – and conjointly keep many easy thoughts in mind – then not only will you be able to find a home that is an ideal match, but you’ll even be able to avoid plenty of the issues and pitfalls that would go together with creating a strictly emotional call.

There are many things that you have to pay attention to when you start this thorough research for finding the perfect home for you and your family, but the truth is that if you make a list and follow each point, you will be able to get exactly what you want and what you can afford to buy.

Search Through Your native MLS Listings

Although it will be a lot easier for you if you use a real estate agent within the space that you just have an interest in, you must first spend your time on-line searching through the entire native MLS listings within the area that you would like to take into consideration. This is because this can not only offer you a far better view and idea of what is offered on the real estate market, but it’ll also offer you a reasonably smart feeling for the categories of homes that are offered at totally different worth range intervals.

Then, once the time comes to sit down along with your real estate broker, you’ll appreciate that the time you’ve invested with searching through the listings has indeed paid off. That is the result – you’ll have a far better appreciation of the precise styles of FSBOs (for sale by owners), short sales, and properties to raise your agent to appear for.

Make 2 Lists – and Check them twice

Next, before your real estate agent begins to show you any homes, you must build 2 lists. One of the lists can embrace everything that you just wish and everything that you feel you should have in your new home. The other list should be created of all of the items that you just don’t wish in your new residence.

Then, once you attend any open homes, you’ll be able to pull out your lists and rate every of the homes. Once seeing an honest variety of homes, your higher selection – the one you’ll build a suggestion on – will be the house that has the foremost attributes you are looking for, whereas having the fewest things that you just don’t need.

When looking at the homes, it will be better if you could take a look with no furnishings, carpets, personal items of the seller and other things, otherwise, the fashion of the house may influence your call. Instead of this, you can concentrate on things that can’t be modified, like the tone size, the placement, the ground arrange, however quiet – or however creaking – the neighborhood is, etc.

Don’t worry if you won’t be able to find the perfect house within a week. This decision is very important and you should be able to see as many houses as possible to make up your mind. Involve your family if it’s needed, but make sure you get to make a thorough research before setting on one house. You won’t get to do this twice in a month, and the house is usually for a long period of time, not just for a few weeks.