Real Estate Guide Real Estate Guide Copyright by en Wed, 18 Sep 2019 16:43:45 -0400 Tips for Buying Property in Cyprus

In recent years, many foreigners are relocating or buying property in Cyprus. According to the government statistics, the number of expats living in the country is currently at an all-time high. Most of the expats in the country have moved there in the past five years. In this article, we will highlight the key tips you need to remember when buying property there.

Why People Are Moving to Cyprus

There are several reasons why the inflow of expats is increasing in the country. First, after the financial crisis of 2011, Cyprus has emerged as the fastest-growing country in the region. In 2018, the country’s economy expanded by 4%, which was much higher than the EU average of 1.3%.

Second, the cost of living in Cyprus is much lower than that of other EU members like United Kingdom and France. For example, the average rental price of a townhouse in Limassol ranges between €850 and €1100. In cities like London and Paris, such townhouses rents for more than €2,000.

Third, the Cypriot government has put in place incentives to attract foreigners. For example, the investment passport gives foreigners national passports if they invest about €2 million in the country. This allows them to do business and travel anywhere in the European Union. A €200k investment gives them residency in the country. In the past few years, the country has attracted investment worth more than $4.4 billion using these passports.

Fourth, Cyprus is known to be a tax haven. This has made cities like Limassol and Nicosia emerge as leading financial hubs in Europe. The corporate tax of 12% and lax regulations have attracted thousands of companies in the country.

Other reasons why many foreigners are moving to the country are its safety, award-winning beaches, its diversity, and its strategic location.

Buying Property in Cyprus

As a foreigner the first thing you need to do is to travel to the country and experience the different places. You will likely prefer living in major cities of Limassol, Nicosia, Lanarca, and Paphos. Each of these places has its own main features, which might be of interest to you. If you are like most foreigners, Limassol will be your ideal location. Travelling to the various location will help you chose your ideal place.

After the informal survey, you need to find a property for sale in Cyprus. Like with most places, you can easily find and buy property by yourself. However, it is always recommended that you use an agent, especially if you are new to the country. Agents will have a huge portfolio of property that will be of interest to you. They have a good knowledge on the local property market. A good agent should have several qualities. First, we recommend that you chose agents from established companies. Second, the agent should have reasonable charges. Third, the agent should have good reviews from past clients.

After finding the property you love, don’t make the purchase yet. As a foreigner, you need to ensure that everything you do is in line with the law. As such, you should find a qualified law firm that has expertise in property and immigration law. On immigration, the lawyer will help you get a Cypriot passport, especially if you are using the immigration passport described above. The property lawyer will help you fill all the documents you need to acquire the property. They will also help you verify all the details you have been told by the agent.

After all this, you should now pay for your property. If you already live in the country, you can find one of the many local moving companies. These companies will help you move your property to your new home. If you are based abroad, you can use the many international moving companies. You should then start furnishing your house by buying furniture. You can read some of the tips for moving to a new house here.

Final Thoughts

Cyprus is an excellent country and in the past few years, thousands of expats have moved there. As mentioned, there are many reasons why people are settling there. As with all places, moving is a hectic thing and buying property is an expensive undertaking. Using the tips described in this article will help you find a good property, at a good location, and at a fast rate.

Guide Editor Fri, 23 Aug 2019 14:00:00 -0400
Roof Restoration in Melbourne Victoria Roofs don’t last forever, and because of this, it’s crucial to have a hands on roofer be available at your fingertips to fix your roof, or replace it. One thing to notice is that every roof is different and not created equally. Many budget-hungry roofers will use low quality tiles (and home manufacturers) so they can finish a job, and unfortunately these shingles become loosened, or end up being susceptible to damage over time. When your roof is compromised, you could end up with more problems like leaks, mold, and more. To avoid these hassles, we’ll give you a guide about finding quality roof restoration services if you’re in Melbourne, Victoria.

Types of Roofs Commonly Restored

As mentioned above, not only is workmanship a required necessity, but having high quality materials are as well. There are numerous options available when it comes to the types of roofs that can be restored. Terracotta roofs are meant to last a long time, and you want your materials to last at least 20 years, so having high quality cement is a good idea. With metal roofs, you can’t always get it restored, but you can get your roof replaced.

These roofs are extremely durable and able to be coated that can help increase the lifespan of every sheet. Of course, there are typical shingles as well, and there are many telltale signs that you may want to look for (we’ll get into that soon), that can let you know if you need your roof restored.

Hiring the Right Roofing Contractor

You want to ensure that the contractor you’re hiring, as well as all of the subcontractors that work for them is fully licensed and certified, as well as insured. This will show that they are able to provide the best quality work and that should any accidents happen, you won’t be liable for them. Look for options that you can choose from and be sure to ask about other projects they’ve done. If they can’t give you a rap sheet, then you may want to consider going with another contractor, because references are also an important aspect to finding the right roofer.

How Much Does it Cost?

In general, the average roof tile restoration is about $2500 on most homes, but in some special contracts, the roofing restoration process can take up to eleven thousand dollars. The price is going to vary, as there are many factors to consider. If you’re getting your gutters cleaned, you may end up spending a lot less (many roofers can do this as well), but you need to factor in every cost, including the cost of having your roof cleaned. If you’re getting a metal roof restored and painted, you’ll have to consider the price of the paint that is going to be used too.


Finding a company like Summit Roofing Services in Melbourne isn’t always an easy task, but nevertheless, they are serving the community with quality service in roof repairs, restorations, and at the worst-case scenarios, replacement as well. They offer affordable prices and have over thirty-five years of experience with a quality team of certified and insured roofers.

Guide Editor Fri, 23 Aug 2019 06:22:41 -0400
Air Conditioning Installation for Older Homes Without Central HVAC Units Most homes in the real estate market have no trouble being able to keep cool or stay warm, but over time, the older a house gets, the more likely they are to start losing the ability to do those things. Not only that, but some older homes don’t have the proper ductwork that is necessary in order to get that central air unit installed or running well to keep you from having to have your whole house heated or cooled. Well, there are now affordable solutions that are becoming more widely used and are extremely energy efficient.

What type of duct system can benefit an old home more than most?

In general, we’ve seen many homes have standard ductwork, and even more than that, it will seem like your electric bill does too. With recent technology though, innovations like high-velocity miniature duct systems have been able to be the most minimally invasive to your home’s structure, while still delivering optimal heating and air conditioning from your central unit.

Many people would lose precious space in their home due to dropped ceilings, less space in crawl-spaces, and more. Therefore, these alternatives offer a way to install small ducts that can literally be snaked around through your walls. By being smaller, they push the air through at a faster rate, and can even be more efficient than a regular old wall, floor, or even ceiling vent. Originally, these systems were meant to cool homes that had radiators, but they’re making their way into homes by delivering more optimal heat and cooling to your old house.

What to Know About Air Conditioners?

Most people have the common belief that air conditioners take hot air outside and just generate and blow out cold air. This is a big misconception as to how air conditioners really work. Their main purpose is to draw the heat out of your home at an accelerated rate. Similar to putting a fan in your windows blowing heat out, an air conditioning unit actually draws the warm air out of your home, then while the other part pulls in air, it super-cools it as it passes through the regrigerated, copper tubing, then pushing that cool air back into your home.

Most people recognize the condenser units that are sitting outside more than anything for central air. It’s the giant-shaped box that is often noisier and sits outside your home on a concrete pad.

How a Mini-Duct works

A mini-duct system is a lot different than a standard air duct, as they are smaller, more flexible, and offer a more versatile amount. In order to get the same type of air being cooled, more force has to be able to push the air through the smaller tube, but it does so a lot more efficiently compared to the larger vents. Therefore, things like placement are extremely important as well.


While these mini-duct systems aren’t the only way that you can heat or cool an older home, it’s just one thing that is starting to reach the mainstream. Installation is rather easy for an HVAC contractor like Reliable Standard Heating & Air Conditioning. First, they’ll install the ducts and then go from there. While these ducts are a little more expensive than standard ductwork, they’re more than worth it when they don’t require you to change the entirety of your home in order to install them. Not only that, but they take a lot less to install and have less leakage than standard ductwork.

Guide Editor Fri, 23 Aug 2019 06:12:44 -0400
5 Tips for Selling Your Texas Home Fast and for a Good Price Texas remains one of the hottest real estate markets in America, so selling a home there seems like it would be easy. And it might, if you are lucky, but the reality is such that this market is competitive and it has been slowing down. Therefore, a highly interested seller will need to be proactive in order to get the best possible price fast.

Is Now the Right Time to Sell Your Texas Home?

As mentioned above, the real estate market in Texas burns quite bright today. However, it’s not as hot as it used to be even a year ago. According to experts, it’s nothing to worry about because the market is “returning to norm” instead of showing signs of collapse. However, home sellers need to understand that the rapid growth has stopped, so there is a risk of your property sitting on the market for a much longer time.

And yet, the market as a whole, especially in some cities, can still be classed as “blisteringly hot” because Texas is where the jobs are right now, and many of the people who move here for work are looking to settle and buy houses.

All in all, while the market today offers some good opportunities, you’ll need to consider your decision carefully and think long-term. If you choose to sell, the following tips will help you do it faster.

5 Effective Tips for Selling Your Texas Home Fast & For Top Dollar

1.      List the property above the market price

While it’s true that overpricing your home will make it sit on the listing longer and might even make it impossible to sell, there are some exceptions. When the prices on the market are growing steadily, you have an opportunity to actually sell your home for a price higher than the average in your neighborhood.

However, for this to work, you need to raise the price a little bit, like 3% maximum. Going overboard can backfire and you will need to lower it anyway after several months of wasted effort.

Bear in mind that while real estate prices in Texas are still growing, they do it at a much slower pace. You need to consider this when setting the price for your house. Study the data from your neighborhood within the last 5 years but pay more attention to the 2018-2019 numbers and use them as guidance. And don’t forget to discuss this issue with your real estate agent. They will be able to advise the best course of action based on your goals.

2.      Include a home warranty

There is an easy way to boost both the price and speed of selling your home in Texas by making one investment of about $400-600. That’s home much a yearly coverage of a home warranty plan will cost. And this plan will make a huge difference because it provides the buyer with some reassurance, which adds to their motivation to buy.

Due to reasons like climate and the abundance of new and large homes with expensive systems and appliances that go on sale, Texas’ home warranty market is steaming. It’s no surprise because the weather in the state puts a lot of strain on home appliances, and people know that. Of course, they want to have some protection against the big repair costs. A home warranty plan offers that protection and more because it also provides a single point of contact between the homeowner and all repairmen and contractors that will be hired to fix whatever problem.

Texas also tops the nation in the number of new homes being built, and sellers of those properties benefit from home warranties the same way as they provide some more quality guarantees to prospective buyers. Overall, providing this type of coverage for your home shows that you care for the buyer’s interests, which also helps you make a favorable deal.

3.      Stage the house and take great pictures

Nowadays, staging your home, either for a visit or a photoshoot (better go with both) is more important than ever. Surveys prove that staged properties sell faster and for 1-10% higher prices. Therefore, it’s a step you can’t afford to skip.

You’ll need to hire professionals to do both staging and a photoshoot of the property. Without the professional touch, no matter how hard you try, the end result will look just that tiny bit off.

However, you can do some prep, like massive decluttering and cleaning of the property. Even if you still live here, you should make your home look as welcoming and “neutral” as possible. Buyers usually don’t like reminders of the current residents when they browse properties.

4.      Market the property online

The pictures you take for the above step shouldn’t be restricted to the use on a few real estate websites. Treat your property as a product if you want to sell it fast today. This means you should market it as you would any product, which means internet marketing.

Depending on your situation, you should consider investing in paid ads and even press releases at various local media. You definitely should market your property through various related social media groups. Note that you should not only post your ad in the real estate related groups but also at the groups popular in or dedicated to your local community.

5.      Talk to your agent before fixing up

It’s imperative to do some home improvements if you want to sell the property for top dollar. However, you shouldn’t rush and make a big investment into what you think is the most important renovations.

Instead, consult an experienced local real estate agent. They should be able to advise what’s most popular with the buyers interested in your neighborhood. This way, you will be able to use your funds more efficiently.

In Conclusion: If You Want to Sell Fast, Offer Great Value

No matter how picky, a buyer won’t pass up on an amazing house, so make your property appear so attractive that people will feel that they are losing a great opportunity if they don’t snatch it up fast.

This will take some investment, but it will pay off fast as you’ll be able to get a better price, especially considering that the Texas market is very active at the moment.

Guide Editor Fri, 02 Aug 2019 16:46:51 -0400
What to Look for in a Luxury Real Estate Agent You may be familiar with the advice to find an expert in the area where you want to buy a home. There's nothing that can replace the value provided by hyper-local knowledge. The real estate agent who lives and breathes real estate in a given area will be able to present properties that hit everything on your checklist. And they may be able to tap into the hidden market of properties that haven't hit the MLS yet, because of their personal connections. However, a real estate agent who sells homes in the suburbs is often a poor fit for those house-hunting in the luxury real estate market. They don't know the sellers or understand the buyers in that category, nor do they have the same grasp of the particulars of the luxury market. Consider it another form of hyper-local knowledge. This is why you can't use the conventional advice on finding a realtor to find a good luxury real estate agent. Here are a few tips on finding the right real estate agent when shopping for Calabasas luxury homes.


Anyone can be a real estate agent, assuming they've passed the necessary licensing exams. When you're shopping for a luxury home, you want a real estate agent experienced in the luxury home market. You don't want to have a real estate agent awed by features that are standard in that class of homes. You don't need a real estate agent who is unfamiliar with the common terms and conditions in these contract negotiations or taken aback by the amount of money involved. You should only work with a real estate agent who has experience in this space, because that's the only way they'll understand the nuances of the market. For example, etiquette matters more in the high end of the market. Discretion, flexibility and availability are far more important than negotiating ability.

Marketing Expertise

If you're selling a luxury home, the cookie cutter marketing plan doesn't work. Or, rather, it won't work unless you're willing to cut the price or let the house sit for a long time. Luxury real estate requires more extensive, focused marketing at the narrow market that can and will buy it. Conversely, those buying luxury homes should work with luxury real estate agents to find these same properties. Again, many of these won't be on the MLS. However, they may be shown in ads in local lifestyle magazines. These ads can actually direct you toward a real estate agent that works exclusively with the luxury market in your area.

A Compatible Personality

While you want a real estate agent who understands the properties they're offering and the value of each, they are working with you. They need to understand you and present properties that reflect your desires as well as your needs. If their personality clashes with yours, it is hard to build the trust required to sell a home with discretion or find a home that reflects everything you truly want. Conversely, you can't deal with an inauthentic person. Given the amount of money involved, you can't afford to make a mistake buying a home that requires extensive repairs, unplanned renovations or comes with problematic neighbors.

Guide Editor Fri, 02 Aug 2019 09:02:08 -0400
How to make your new home child friendly. The arrival of a new baby changes so many things, your sleeping pattern, your diet, your availability and so much more.  One huge change that I found I wasn't ready for with my first child was the challenges of safety proofing my home.

Over a million children a year are admitted to hospital because of an accident at home, the majority of these accidents occur on children under the age of 5 (source Bathroom Supastore).

Drowning, suffocation and burns are the main causes of accidents in the home with children and because of this, I have researched the best methods for keeping your little ones safe at home.

Reduce the risk of drowning.

Unlike adults babies, won't make a noise if they slip into the water and they can drown in less than 5cm of it, therefore it's very important that you keep an eye on your baby at all times when they're in the bath.

There are many gadgets that you can use in the bathroom to prevent drowning, but for me, these pose a risk in themselves.  Gadgets can fail and baby bath seats can tip over as they are not regulated safety devices.  

To be safe, never leave your child unattended in the bathroom and always give them your full attention.  When you remove your baby from the bath make sure to empty it right away, this is especially true if you have more than one child.  Parents can often become distracted when looking after a baby and forget what their other children are up to, especially with slightly older children.

Reduce the chance of suffocation.

Babies should have their own sleeping area and should be placed on their back when sleeping.  Some parents choose to co-sleep and this can increase the chance of suffocation. We recommend that babies should be kept in their own sleeping areas such as a cot or a Moses basket, but if you do choose to co-sleep you will want to make sure that all pillows, blankets, sheets and any other loose materials are kept away from your baby.

You should not co-sleep if:

- You smoke.

- You are drunk.

- You are extremely tired.

- You have taken drugs.

You should also never sleep on a sofa or chair with your baby as this increases the chance of suffocation by 50 times.

When sleeping it's important for your baby to sleep in a comfortable temperature, not too hot or too cold.  The chance of sudden infant death syndrome is much higher in babies that get too hot. You should not dress your baby in too much baby clothing either when putting them to bed.

A room temperature of 16-20°C with a lightweight baby sleeping bag is recommended.  To test the temperature of your home you should invest in a baby thermometer.

All of the above is general advice, your baby will be different so it is important to check your baby regularly to see if they are too hot or cold.

Reduce the chance of burns.

Burns are another risk to small children in your home.  To prevent the chance of burns you should make sure that children are kept away from any open fires and if you do have a fire be sure to place a fireguard around it.

Smoke alarms should also be fitted at home, and you should install them in the kitchen and all the bedrooms in the home.   Be sure to check the smoke alarms every month to make sure the batteries are still working.

Finally, all children should be kept away from matches and lighters as they pose a risk to themselves and others.  Children who play with matches and lighters can start house fires.


Having a new baby or a small child at home can be worrying and difficult at the same time.  Keeping your baby safe is a constant process and constant supervision is one of the best tips to keep your child safe.

With that said, the tips above are a good start to baby-proofing your home.  Do you have any tips on keeping your baby safe at home? If so leave them in the comments below.

Guide Editor Thu, 01 Aug 2019 07:51:13 -0400
Should I use a buyer’s agent to purchase property? Buying property can be tricky. There are some major setbacks that can make the whole experience a pricey mistake.

Luckily, you can hire a professional property buyer to represent you at each stage of the buying process.

What do buyer’s agents do?

Property search:

Based on your criteria, they will search out the best property on the market. They also have access to off market listings.

What is an off-market listing? This is real estate that is for sale without a public selling campaign. The benefit of buying off market listings is a reduced level of competition when negotiating with the property seller.

Due Diligence:

Once you have shortlisted a few houses with your buyer’s agent, it’s their job to work out its market value. They will physically inspect the houses and a number of properties in the area. He/she will then compare this to recent sales in the area. This process will determine if the home is good for a long-term investment and its true market value.

Knowing market value is important, why? Banks will only lend you up to 80% of a property’s market value. It’s common for property buyers to over pay for property at auction then have problems financing the houses because banks will not loan out the funds.

A good buyer’s agent has some experience in construction. They will be able to spot any obvious structural issues a property might have.

Auction and or Private Treaty Negation.

By the time a property buyer has come to this point, they have emotionally bought into the property they’re looking at. At this point your buyer’s agent has short listed your best property from everything on the market, understand it’s true market value and mapped out a plan of attack.

It’s up to the buyer’s agent to bid at auction or negotiate via a private treaty on your behalf.

They will make a decision on submitting an offer prior to auction or choosing to bid at auction, depending on the property, buyer interest and the real estate agent’s reputation in the market place.

Prior to any negation, a buyer’s agent will complete their due diligence and construct a negotiation plan.

During a negotiating process, a buyers agents true tangible value shines. A good buyer’s agent should save you enough money to at least cover their fees. In most cases, you should save tens of thousands of dollars during any negation process.

Buyers agents have people in the know

When buying property, you will need a team of professional to help you succeed. A buyer’s agent can refer good quality conveyancer’s, mortgage brokers, property managers and building inspectors to help you get a deal done.

How much do buyers agents charge?

There are hundreds of buyer’s agents out there that have a range of fees and/or commissions.  Watch out for buyer’s agents that charge on a percentage of a property’s value as it can give them an incentive to spend money.

For transparency when it comes to fees, it’s wise to hire a buyer’s agent that has fixed fees regardless of a client’s budget or how much a buyer’s agent works (number of auctions or private negotiations).


Buyers agents offer a non-emotional approach to buying good quality property. A professional buyer’s agent should save the buyer time and money, help them buy the right property for the right price and most importantly avoid the buying mistakes amateurs are prone to when buying property.

Guide Editor Wed, 10 Jul 2019 10:07:25 -0400
8 Pro Moving Tips to Help You Stay Organized for a New Home Relocation Are you finally moving to the house that you have saved up for? Congratulations! This may be your first step towards achieving the quality of life that you have always wanted.

However, before you can revel in the bliss of living in your dream home, you need to pack up all your belongings for transport.

Packing and moving house can be stressful. Studies reveal that these activities are included in the list of life events that people find extremely difficult. There's no denying that such a process can be physically and mentally draining. However, a lot of people tend to make it more challenging for themselves than it already is by failing to do their homework and plan the move well.

If you want to relocate to your new home in a less stressful manner, proper preparation is an absolute must. For this, the best providers of packing and moving services in Dubai offer the following tips:

Pro Moving Tip #1: Pare down your belongings.

The fewer items you have to pack and move to a new home, the easier the process will be. So set aside a day or two to get rid of anything that is broken, you have not used in years, and multiples of the same objects. Throw them out, give them away, or even sell them if you can use some extra cash.

Pro Moving Tip #2: Book your movers at least a month before the move.

Get this task out of the way already as early as possible and lock in a moving date. Find the movers in your area by checking their websites and reading about the quality of their services, and then book the best one.

It's always recommended that you book movers in advance because identifying the lock-in date will help you better organize your moving timeline.

Pro Moving Tip #3: Use checklists.

Most moving companies offer a PDF file of a checklist that you can download and print out. This will help you cover all the bases such as packing supplies, things to pack, utility companies to call, extra services you may require to help you out, and others.

Pro Moving Tip #4: Gather packing supplies.

Some moving companies offer sets of supplies that you can just buy, which include boxes, bubble wrap, tape, rope, and cutters. But if you want to save a bit of money, you can ask around for these supplies.

For boxes, for example, call a local grocery store or supermarket. You may be able to get cartons for free. Call friends who have moved around a bit too because they may have a few extra supplies you can use.

Pro Moving Tip #5: Pack items sensibly.

The golden rule when it comes to packing is to place all the light and small items in big boxes and the heavy ones in smaller boxes. Why? All the boxes will be easier to move around this way. Plus, pack off-season items first since it's likely that you will have no use for them until you have moved into your new home.

Pro Moving Tip #6: Do not forget to label the boxes.

Be as detailed as possible with labeling the boxes. This way, when it's time to unpack, you can find what you need much faster.

Also, make sure to mark the sides of the boxes. By doing so, you will still see what the boxes supposedly contain even if they are stacked on top of each other.

Pro Moving Tip 7: Use cling wrap for containers that do not have lids.

Containers and trays that do not have covers can be tricky to pack because their contents spill out. Use cling wrap to seal them off.

Cling wrap is also great to use for containers of liquid products. Place a film of cling wrap on the opening of the bottle before screwing on the lid; this will effectively prevent spillage during transport.

Pro Moving Tip #8: Protect the properties you are leaving and moving into from dings and scratches.

There's always the risk of causing damage to houses when moving out or moving in. It can be challenging to maneuver items through tight corners and doors without hitting the walls, railings, frames, and others.

Protect these vulnerable areas by covering them with old towels, installing corner guards, and wrapping them up with multiple layers of bubble wrap. The last thing you want on moving day is to cause damage to the property, which you will have to pay to repair.

Hopefully, these tips will help you stay on top of the different moving tasks, and they end up providing you with some free time to breathe. And here’s an extra tip: Wake up early on moving day. You never want movers to arrive while you are not yet ready.

Guide Editor Wed, 03 Jul 2019 02:51:50 -0400
Organising Your New Property, The Easy Way

When you are looking for a new home when you are just about to start a family, it could be tedious process to go through. You should first look for houses or apartments that are up for sale, usually you could hire a broker to help you do this faster. If you are lucky and get a good broker, then the houses and apartments you would need to visit would be tailored perfectly to what you need and what you want in a home. But if not, you would spend so much time, energy and money looking at different houses in different places. After a time-consuming house hopping, you would then need to secure a financial services provider to help you with the payment, and this is yet another tedious process of getting the best one that would cater to your needs and financial capabilities.

Imagine how long it would take for you to actually purchase a home – a number one necessity of having a roof over your heads! This does not have to be the case for you. Whether if you are first time home owner, or if you want to get a mortgage or even re-mortgage on your property to do home improvements or if you want to move from your home, Pinnacle Finance and Property Group has all of the answers you are looking for. You would not even need to look far for financing services, because they are an all-in-one team.

No Problem for First Time Buyers

When the time comes that you would already need to have your own home because you are already starting a family of your own, or simply because you have saved enough and have a steady career and want to invest in something that you could call your own, you might feel overwhelmed with all of the decisions you have to make and the choices you will be faced with. First time home buyers have a lot of questions to deal with going into such a decision – how much money could you actually borrow and what is the payment scheme you would need that you can afford, how much will everything cost you – will your income be able to cover it, or what kind of mortgage is actually perfect for you? These are only a few questions and it can be really daunting. However, there is no need to fret because with Pinnacle as your property and mortgage expert, they will only offer you the best options that would cater to your needs, wants, while taking into consideration your financial capabilities.

Mortgages and Re-mortgaging

It happens – even if your house is still in mortgage, you would need a huge additional amount of money because your plumbing broke down or a typhoon tore a hole in your roof. Unforeseen expenses such as home improvements that need urgent attention that cannot easily be covered with your monthly income is such a drag because you would need to look for places and channels where you can get the money. Advisors would be able to review your current mortgage situation and give you the best option – to device a scheme to gain savings from your mortgage, to re-mortgage for additional funds, how to raise funds or consolidate debts are only a few options for you to choose from and consider.

Makes Moving Easy

There will come a time when you would need to move out of your existing home and to a different and new one. Does that mean that you would be back to square one when it comes to dealing with buying a new home? Would you feel like a first time home buyer again? You do not have to go through the same tedious and excruciating process again, most especially if you still have an existing mortgage on the current home you would be leaving. When moving homes, you could trust Pinnacle to do most of the work entailed in moving out from your previous home to moving in to a new home that you would be most comfortable in. Whether you have an existing mortgage or not, best believe that Pinnacle would not cause you any headaches while you are going through such an emotional process of moving out of a home. All you have to do is simply trust their team of home movers, appreciate your old home for the last time, make your necessary preparations and wait until the day you would move in to your new home to start new memories in.

Guide Editor Tue, 25 Jun 2019 04:44:05 -0400
How to sell your house fast in houston? Are you bogged down under the burden of some unwanted property that you intend to sell off? Or your house is in a condition where repairing will cost a lump sum amount?

Then what are you waiting for? You can easily sell your house now, in practically no time. Selling houses especially in areas like Houston, has become far more easier than they were previously. A lot of real estate companies have come up with their new plans of buying houses. move on house buyers is one of the leading real estate companies that can help you accomplish this task on very fast notice.

 There could be several reasons that you want to sell your house. If you can get hold of some trustworthy real estate companies then selling of the house can be both easier and faster.

There are many advantages which you get when you proceed through such companies

  • Get the deal settled at the earliest. No need to wait for proper clients for a long period of time
  • You get to choose the time when you want the deal to be closed
  • Your house is accepted in any condition
  • Tenants are settled by the company themselves
  • It is an all cash offer

Do not think that selling of the house at such a short notice will not yield proper prices. It can be guaranteed that Moves on buyers will give you the best possible prices in the market.

Selling your house fast is indeed a great idea. This is because, in the property market the longer your asset is left void, the lesser money it yields.

The smartest job and perhaps the basic foundation stone in selling your house is hiring a well-known and reputed real estate company for the job. Popular real estate companies act as potential buyers in the process of your property marketing.

Experienced real estate agents will pay you the optimum value for your house. If you proceed without them, you are sure to run at a loss. The worst part is that, selling your house all by yourself is extremely time consuming.

If you want to keep away from this tedious task of selling your home, then contact some well known real estate firm as soon as possible. A secure and swift sale is guaranteed with a good real estate agent.

These real estate companies actually posses proper knowledge and negotiation skills. Hence your task is achieved faster.

Move on house buyers are one of the most dedicated Houston home buyers. Your house can be sold off easily and in the best prices when you choose move on house buyers. The payment in done in cash. The deal is settled at the earliest. move on house buyers does not demand any renovations or makeover of the house before buying.

Move on house buyers promises a quick sale and cent percent authentic transactions. Selling your house can be a cumbersome process but with move on house buyers it will be definitely made easier and of course QUICKER.

Guide Editor Fri, 21 Jun 2019 08:32:55 -0400
Best Ways to Make Your Home Kid Friendly

If you have kids, it is very good that you're reading this post. Every responsible parent should do what they can in order to have a kid friendly home. Unfortunately, many parents who think they own such a home are, in fact, wrong! The University of Alabama has made a study recently. They built a model home and then asked the parents to identify potential hazards. On average, these parents have identified less than half of potential hazards that were present in this model home! Not only that, but they have placed a far too high degree of confidence in their children. Maybe your child does know that he or she shouldn't be playing with matches. However, it is always better to assume that he/she doesn't understand such things. So, without further ado, here's what you can do in order to make your home more kid friendly.

The living room

#01 Keep your matches and candles out of your child's reach. No matter how old they are, it is possible for your children to accidentally light a match. As for the candles, they could be chewing on them and then choking on wax.

#02 The same goes for photo frames - keep them out for reach. Your child may drop these frames, and then cut himself/herself on the glass.

#03 TV sets are another thing that your child could drop. So, make sure that it's secured to the wall. If you can't mount it, then you can use industrial-strength Velcro straps to anchor it to the wall. Also, make sure that the TV battery cover is not missing. You don't want your child to eat a battery!

If it's not properly secured to the wall, a TV such as this one is a hazard. 

#04 Make sure that the power strips are hidden. You can hide them, for example, behind furniture. And if you can't hide them, then you can buy a cover for power-strips.

#05 The fireplace comes with its own fair share of potential hazards. For starters, the fireplace shouldn't be exposed while the flame is burning. Use heat-resistant gates to cover the flames. Buy pads and then put them over the edges of a stony or sharp hearth. If your fireplace came with small rocks, make sure to remove them, as your child might want to eat them.

The bedroom

#06 Make sure that the crib is safe for your child. This means being sure that he or she can't get out of the crib. If there are some stuffed animals or other toys in the crib, they can be used as a platform that will help your child to "escape" the crib. Also, drop-side cribs are now banned in the USA. If they break, your child could become trapped between the mattress and the crib.

#07 Secure the dresser or other furniture to the wall or to the floor.

#08 The piggy bank should be high enough. A child could, for example, climb the dresser drawers and knock down the piggy bank. Then, he or she can either himself or try to swallow the coins.

If you own a piggy bank and you want to have a kids friendly home, then place it somewhere where your kids can't reach it.

#09 If you have low windows, you should definitely install a window guard. And regardless of the position of the window, make sure that it only opens three inches. As for the window blinds, in a kid friendly home they are cordless. That's because a child's neck could get caught in the cord. In fact, there are more than 200 deaths reported of children strangling themselves on window cords since 1990.

#10 If your child is playing with crayons, always check if they are left on the floor after your child's play-time is over. Her or she could easily break a crayon. And when that happens, the crayons become small enough that your child could easily choke on them.

The kitchen

#11 The kitchen is probably the most dangerous room for kids. So, whenever you're not around, the kitchen should be gated.

#12 The dishwasher should be locked. The most dangerous thing when it comes to dishwashers is the detergent. You don't want your kids to ingest the detergent, so make sure to run the dishwasher after adding the detergent. Also, the knives should be stored with blades down.

#13 Not only is the detergent toxic, but so are other cleaning supplies, such as drain openers and furniture polish. If you're keeping them in lower cabinets, either make sure that the cabinets are securely locked, or move the cleaning products somewhere where your child can't reach them.

#14 Keep your microwave out of your children's reach. It's best to place it somewhere high, but if you can't do that, be sure that it's never on while you're not present.

Don't leave the microwave on when you're not there! 

#15 It is convenient to store knives and other sharp cutlery on the kitchen counter. However, you should definitely not do that! Instead, place it in an over-the-counter cabinet. Be especially careful if you have a child with special needs. They are more impulsive and more likely to grab such dangerous items.

Finding a kid friendly moving company

Finally, we believe that there's a good chance that you'll be moving, and you're now wondering how to make your new home kid friendly. If you're moving with kids, an important factor when choosing the right moving company should be whether their workers will be treating your kids the right way. Sure, the workers are almost always polite and friendly when they're in the company of their clients. However, once you're not there, they might be rude to your children or otherwise treat them badly.

So, you should find a company that you know you can trust with your children. One such company is While it is possible that your experience will be different, the two times I used their services, they were great to my twins and, unexpectedly, we all had a fun time.

Apart from hiring the services of a company whose workers are genuinely nice and polite, there are other ways to make relocation fun for your kids. Study them carefully, and you're bound to make the stressful process of moving with children much less nerve-wrecking.

To conclude

Hopefully, these 15 tips will help you to make a more kid friendly home. As we're sure that you care greatly about your children's safety, we're also sure that you'll do everything that's in your power to protect them. Good luck!

Guide Editor Mon, 17 Jun 2019 08:12:54 -0400
Why Listing Your House a Little Above the Market Can Be Helpful

One of the trickiest parts in the home buying and home selling process is listing the house and coming up with a price tag. Price is one of the biggest factors prospective buyers look at before making a decision. As a home seller, you need to learn how to draw the line between pricing your property right and overshooting its value. So how does one consider if a property is already overpriced?

The answer to that question lies in several factors. Of course, there is the current market climate and condition in your local area. The pricing of your property is directly affected by the range values of other similar houses that are being sold in your community. The rule of thumb is if you see that your home is priced above 10 percent the comparable value of similar homes in the neighborhood, then you are already overpricing your house.

Try to set your price range to somewhere around 3 percent higher or lower than what the actual property value is in your neighborhood. If you go beyond that range, you can expect your property to remain listed much longer than you would want it to be.

Now you may be wondering when is the best time for you to sell your property above the market value. When you seed that the general market value for houses is fast rising, then that is a sign that you should ride the wave and jack up your price a little.

Doing so can open you to opportunities and advantages. You should consider increasing your price if you are not really in a hurry to let go of your property. The more time you can afford to wait for the right buyer, the higher the chances of finding someone who will agree to the price tag you have in mind. A Beverly Hills real estate agent should be able to assist you during this process.

If you see start to see other people in your area increasing the prices of their houses, then you should join the fray too. This gives you a level of assurance that you are not overshooting the price of your property.

Keep in mind, however, that every market place is different compared to others as far as telling when it is a good time to sell. In Northern Kentucky, for example, you can sell your house in 4 to 6 months under good market conditions in the past. Nowadays, it may take you somewhere from half a year to 10 months. 

So you and your real estate agent should remain vigilant in following the market. You should be keen on recognizing the signs. If you are in the market for Beverly Hills luxury real estate contact a trusted real estate agent today.

Guide Editor Thu, 02 May 2019 08:53:09 -0400
Leaving the Nest: College Students and Renters Insurance

When it’s time for college students to go back to school after enjoying summer, you need to prepare financially to buy the stuff that they need for the upcoming school year. These include new clothes, new books, and perhaps a new laptop.

On top of these, you should also remember to buy renter’s insurance.

The importance of getting covered

Generally, students who live inside the campus are usually covered by the insurance policies of their parents. Whenever their belongings get stolen or are broken, the insurance can cover or the loss or damages, respectively.

On the flipside, students who live off campus face a different kind of predicament. The insurance policies of their parents will not be able to cover their items. Moreover, the landlord’s policy will likewise not provide coverage most of the time.

This is because once they start to live outside of the campus, they are no longer deemed by the insurance providers as dependents. As for the landlord’s insurance, they only cover the structure of the house or building.

Thus, this is where renter's insurance enters the picture.

Renter’s insurance: What does it do?

Basically, a renter's insurance provides protection for the belongings of the students living off campus. This type of insurance will cover items such as clothes, furniture kitchenware, and electronics. It will also cover liability in the event that the student gets injured while inside the property they are renting.

In case of fire, lightning, water damage, windstorm, burglary, theft, or explosion affects the apartment, the renter's insurance will cover for the damages on the student’s belongings.

Another example is when an accident occurs during a party inside the apartment. If the victim breaks a bone, the insurance will provide medical assistance and coverage for the legal fees.

Is it really necessary?

Technically speaking, a renter's insurance is not a necessity. Not unless the landlord requires the student to purchase one. In the event that you decide not to buy your child a renter’s insurance, you need to be prepared to pay for the repairs or replacements of their belongings even if the reason is caused by natural perils like lighting and fire.

The amount of coverage

As for the amount of coverage that you need, you must base it on the value of the things your child owns. On average, a renter owns around $20,000 to $30,000 worth of items. If you are in the dark regarding the valuation of the belongings, conduct a home inventory. List down all of the items. If you are in the market for Los Feliz real estate or other Los Feliz homes for sale contact trusted real estate agent Mark Mintz today.

Guide Editor Thu, 02 May 2019 08:51:47 -0400
Jumping in a Hot Market, Is It a Good Idea?

If you live in a hot market, you will likely be tempted to jump the gun and strike while the iron is hot, as the saying goes. But the question is, is that the wisest move to make? With the real estate market becoming volatile at times, people are left wondering if they should buy or sell a property.

Before making any hasty moves, there are a number of things you should consider. Let’s take a look at some of them.

Understand how hot the local market is

First, you need to get a feel of how hot local real estate market is before making any decisions. Be aware, however, that it can be difficult for potential buyers to determine if the market has reached its peak or not.

Generally, a frothy market will give you double-digit increases in terms of value if you compare it from the previous year. When that happens, people tend to walk away with urgency on their minds.

If the buyer’s market or seller’s market is doing well, buyers and sellers, respectively, have the tendency to make quick decisions and moves. But if you consider the nature of real estate, making a drastic move in the midst of a healthy market is not always the best route to take.

Look long term

If you look at the different kinds of investments, real estate is one of those that involve a lot of emotions, both in the part of home buyers and home sellers. Home sellers may feel detached to their houses; home buyers may become too passionate to purchase a particular home.

A frothy market may lead you to make a decision that may not really be the best one. In fact, you may even consider transforming your old home into a rental home that will generate passive income. If there is an opportunity to sell, it may not always be the best move to make especially if you consider the long term effects.

Consider the current condition of your life. Look into your current financial standing. Sometimes, you will be surprised to see that converting your house into a rental home may be the wiser move because of its financial benefits.

Don’t forget to consider other factors particularly your family. Do you have lots of young children? Are you living alone for several years already? Are you looking to move to a different city in the foreseeable future? These are just some of the questions you need to answer before making a decision. In the market for Boulder Colorado real estate, contact a team of trusted Boulder real estate agents

Guide Editor Thu, 02 May 2019 08:49:51 -0400
5 Types of People Who Attend Open Houses

Open houses will always be a part of the Edmonton real estate world. And when we talk about open houses, the Sunday open house is considered the best one. During such an open house, expect different kinds of people to come in. All of them will take a look at what you have to offer but not everyone is an interested buyer. Let’s take a look at five types of people who will likely visit your open house.

  1. The legit buyer – first and foremost, you will meet the legit buyers. These are the people who are genuinely in search of a property to buy. They may have the money or they are still working on their mortgage application, but they are bent on acquiring property. These are the type of people you want to visit your open house.
  1. Your neighbor – this is someone who lives nearby your house. He can be living directly next to you or just within the community. He just wants to check out what’s happening during your open house. Some of them just want to compare their house to yours. Basically, they are just curious.
  1. Buyer’s Agents – an open house will not be complete with agents as guests. These agents are always on the move. They go to as many open houses as possible to check out properties for their home buyers. But don’t worry, most of them are professional. They know how to respect their boundaries.
  1. Agents who lost a listing – and then there are also the agents who lost their listings. These agents want to know if you, the home seller, followed some of their suggestions. They want to check if you updated your kitchen or repainted your bedrooms as they advised you to do. An open house is a perfect venue for them to go through your property while maintaining their anonymity, as far as their rival agents are concerned.
  1. The previous owner – lastly, you may encounter guests who were the previous owners of your house. Sometimes, they may be relatives of the previous owners. These people just want to take some time to reminisce about the good old times. Some of them may have spent their childhood years in your house and they simply want to look back at those sweet memories.

If your listing agent is topnotch, he will welcome all sorts of visitors into an open house. They want to get as much feedback as they can from prospective buyers. They want to take down notes and answer as many questions possible. Looking for a new property, contact a trusted Edmonton real estate agent today.

Guide Editor Thu, 02 May 2019 08:48:04 -0400
Sellers: Give Buyers What They Want

If you are a Las Vegas home seller and you are struggling to get your property off the selling block, you need to realize that there may be some things you are missing or doing wrong. If several months have already passed, you need to take a few steps back and review your home selling strategy.

Why your home isn’t selling

The key to selling your home is to have solid strategy that covers not only the time you put your home in the selling block, but solid post-sale plan. If you think that you can sell your house without giving it a timely update, then you can never be so wrong in your life.

Let’s take this as an example: let’s say you are selling a house that you and your family have lived in for the past three decades or so. One day, you decide to sell the house. The problem, however, is you do not have a concrete exit plan. You don’t know where exactly you want to relocate after the sale. You just keep on saying that you’ll figure things out later.

Having this kind of problem will give you a hard time selling your property. Since you do not have an idea where you want to move into next, you may be turning down legitimate offers or suggestions coming from a trusted local real estate agent.

If you sell your home as-is, without even tweaking and improving some key areas, you can expect it to attract less prospective buyers than it should be. Nobody will get excited in seeing a house that looks old and banged up.

And if you decide to leave the house in its current condition, the local real estate clock continues to tick. As more buyers see that your house has not been selling for several months already, doubts will start to creep into their minds. They will start to wonder if there are any serious problems are hounding the house, which drives away buyers.

The house that sells fast

On the flipside, if you get in touch with a trusted agent early in the game, even before you plan to make the move, you will likely position yourself to selling your property faster. Talk to an agent and let them know upfront what your plans are in relation to your plans of moving to another city or state.

You may not have a concrete plan just yet, but letting your agent know early can help you prepare accordingly. You will get a better feel of the current local real estate conditions. You will know the trends that play a role when it comes to selling your home faster. If you are in the market for Las Vegas real estate contact Pivot Modern today.

Guide Editor Thu, 02 May 2019 08:46:51 -0400
10 Tips For Identifying A Bad Property Investment Everyone loves making a great deal, and this is particularly true for property investors. However, unlike getting a bargain on a pair of shoes, buying property is an expensive investment and you can't exchange it if you find out it doesn't fit when you've completed the deal.

So doing your homework before you commit to the purchase is especially important if you don't want to be left with a property that will drain your savings instead of making you extra income.

To help you understand the pitfalls of what to look for when buying property, we've outlined a few of the areas which may raise a red flag and make you step away from the investment, however tempting it may seem.

Seller transparency

A seller who is reluctant to tell you the history of the house should be avoided. Transparency is vital, and if they can't or won't tell you when the roof was repaired, or a new central heating system was put in, it is a definite warning sign that all is not as it seems with the property. Sometimes when dealing with a seller it comes down to a gut instinct – do you trust this person to tell you the truth?

If you do some research on the seller, mainly if it is a company, and you find it difficult to get any information or the website seems incomplete and lacking in detail, be on high alert.

High deposits/reservation fees

If you want to reserve a property, you can do so by paying a reservation fee or deposit. This provides exclusive rights to buy the property and prevents gazumping for 28 days. This fee is generally between £500 and £2000 depending on the value, but if it is much higher, this can be a sign that the deal is not legitimate.

However, if the property is unusual or constitutes a significant development, a higher deposit can be realistic, so you need to look at the situation objectively. A low-value house with a high deposit is definitely a warning sign of something not quite right.

Viewing opportunities

Viewing the property is always a good idea, although there are some legitimate reasons why it is not possible. These include properties that are ‘sold as seen' with a price tag reflective of the deal, as well as some auction properties and tenanted properties.

However, if there is no apparent reason you can not view and you are being denied access, then this is a sign something is not quite right. However convincing the salesperson sounds regarding the reason, be very aware if you feel that a viewing should be available.

Property details

If you are considering the property as a rental opportunity, you need to determine the possible income you can expect before taking on the project. If the seller can't provide the statistics you need regarding rental rates and area vacancies, it may be a sign that there is not much call for rented accommodation in the area. Rather than enter negotiations unsure of the income possibilities, look elsewhere and move on.

On the other side of the coin, try not to be blinded by rental guarantees. Some less than scrupulous sellers use guarantees as a way to hike up the property price, while seeming to offer an excellent deal to the vendor.

Pushy sales team

A pushy salesman should always be a warning sign that something is not quite right with the property. If you are being pressured into making a decision quickly without completing your overall costs and timings, as well as time to peruse the paperwork thoroughly, then say no. It is better to lose out on a deal than be lumbered with an unfortunate opportunity.

Listing price

If the price seems too good to be true, then it probably is. There is usually a reason for meagre asking prices so when viewing be sceptical. It could just be that the seller has cash flow issues and needs to offload the property as quickly as possible, but it can also mean the property has potential problems. These could include major structural works in the roof or foundations that are not noticeable at first glance.

However, be aware of properties that seem overpriced as well, as the seller may be trying to cash in on property investment deals. As a property investor, the aim is to make some money on the property so if the asking price is too high, it can mean there is no profit in it. However, it's worth investigating further if the price is high as if every other box is ticked then it could still be possible to make a return on investment.

Time on market

If a house has been listed for a long time, it's worth asking a few extra questions. It could be that the price is over-inflated or it may be that there are more pressing issues with the property. If nobody else is interested in the property then there is usually a reason why.

Quick fixes

When selling a home, it's recommended that you present it to the best of its ability, perhaps including an internal makeover. However, obvious quick fixes could just be an attempt to cover up underlying problems or distract your eye from the real issues.

Be aware of water damage that has been covered up with fresh paint, as this can cause mold long term. You will also need to find the cause of the water damage as well. So any small paint job patches should be investigated carefully.

It’s important not to be too blown away by the cosmetic look of the property, but to seek out the exterior cracks that can't be so easily disguised. Again, fresh paint over cracks on the outside wall should be treated with suspicion.

Number crunching

However much you like a property on the surface, the numbers have to add up if you are looking to make an investment. Make sure you write a business plan with a cash flow forecast and use the asking price as a basis of your figures.

When doing the numbers check if the price is comparable to the recent sales prices in the area. Consider also the loan-to-value price and how much you need to borrow – the less, the better from a profit point of view.

You also need to think about the value of the property after renovations – does the cost of repairs outweigh your return on investment?


When it comes to rental value or selling on, location is high on the list of importance. Do your homework – has the property been built on a flood zone, or have a high crime rate? What about the job situation? Look around the local amenities and see how many are either empty or look uncared for. It's also worth casting an eye at surrounding properties to see the standard of care invested into them.

If the location is less than desirable, this is usually reflected in the asking price, and it may be tempting to go for the deal. Remember, though, that you will have the same issues selling it as the current owner, or you may not be able to get high rents. The exception to this is if you are aware of regeneration plans for the area and expect the location to improve within the next five years drastically. This is a risk as no one has a crystal ball to predict the future, but depending on your intel this is a decision only you can consider.

A final word

For newcomers to the world of property investment, it can be challenging to ascertain what is a good or bad investment, particularly if you are excited to get your business going. The best advice we can give you is research, research, research and don't rush into anything. If it feels wrong, it probably is, so listen to your inner instinct. There are many property opportunities available so don't feel too disappointed if some don't come to fruition. The wait will be worthwhile in the long run.

Guide Editor Sun, 28 Apr 2019 21:21:45 -0400
Tips for Buying a Second Home or Vacation Property Many people dream of buying their own second home or vacation property, a place they can retreat to on weekends and holidays where they can spend quality time with family and friends, get away from their everyday cares, and just relax. If you’re thinking about becoming one of the lucky people who owns a second home or vacation property, there are several things you should consider before signing on the dotted line. See below for some helpful tips and ideas.

Location is Key

When buying a second home or vacation property, choosing your location carefully is essential. Try to focus on real estate for sale in areas that have properties with appreciating values. Even though it’s a vacation home, you still want to make sure it’s a good investment. You don’t want to end up losing money on the property if you should ever decide to sell it.

Talk to a real estate professional in the area where you would like to buy a property. A professional will know which neighborhoods offer the best values and will be familiar with real estate trends. Resort areas and more rural locations tend to have properties for sale with more flexibility in the pricing than properties in urban settings. A licensed real estate agent will know how to negotiate the best price when it comes time for you to make an offer on a property.

Consider Renting Before Buying

It’s hard to know if you will really enjoy spending time in an area if you haven’t spent a lot of time there. Are there amenities like restaurants and stores nearby? Are you looking for a property in a quiet location, or a home that’s near neighbors you can chat with? A long term rental can help you get the answers to these questions as well as help you figure out what you want and don’t want in terms of location.

A rental home can also help you figure out what type of second home is best for you based on your lifestyle. Do want a home with a large kitchen for entertaining or are you planning to eat out most of the time? How many bedrooms do you really need? Do you want to take care of maintenance like mowing the lawn or snow removal yourself, or would owning a condo where these tasks are done for you be preferable?

Determine How Often You Will Use the Property

Being realistic about how often you will use a second home or vacation property can help you figure out whether buying it in the first place is a good idea. If you’ll only be there a few times a year, maybe renting a property in the area would make more sense for you. Knowing how often you will be using the property can also help you determine whether or not it makes sense to rent the property to others when you’re not using it yourself.

Understand Your Budget

Your budget for buying and owning a second home or vacation property needs to include more than just the expenses associated with purchasing the home. You will need to factor in expenses such as real estate taxes, homeowners insurance, cleaning services and landscaping costs, and the cost of unexpected repairs to the roof or plumbing and heating system, which can be substantial. Unlike your primary home, a second home or vacation property is a luxury. Understanding how much it will cost will help keep you from overspending and from having to possibly sell the property before you’re ready.

Develop a Plan for Renting the Property

Many people who own a second home or vacation property make up for some of the costs associated with owning the home by renting the property when they aren’t using it. If you plan to rent your vacation property short- or long-term be sure to understand the rules for renting set out by the city, town or homeowners association where the property is located before you buy the property, especially if rental income will make up part of your budget.

Don’t Rush Into a Decision

When you finally find a vacation home you really like it’s tempting to rush into a decision to buy it. But you don’t want to decide on a property too quickly only to discover later that the price is too high, the location isn’t quite right, or the house is too large for your needs. It’s better to pass on a property than to make an expensive mistake. Eventually, the right property will come along.

Guide Editor Thu, 25 Apr 2019 10:52:38 -0400
Things to Consider If You Are a First-Time Buyer

Buying a property will be one of the biggest financial decisions you ever make. And, if you are a first-time buyer, then the process probably looks very daunting more than it is exciting. There are many different things to think about when it comes to buying a home which can often lead to confusion. So, if you are thinking about making your first step onto the property ladder, we have created this short guide to help you understand the things you need to consider.

Work Out How Much Money You Can Borrow

Having a rough idea of how much you can borrow will help you work out how much you can afford to pay for your first property and should give you a better idea of your price range when it comes to viewing properties. The actual mortgage product that you decide to take out will then be dependent on how much you pay for the property. It is vital to make sure that you will be able to afford the mortgage repayments before making the decision to make an offer on a property. A great way to gain a better understanding of this is to use a mortgage interest calculator.

Your Job

There are a couple of things related to your job that are important if you are thinking about purchasing a property. The most important thing is to determine how stable it is. And, if so, do you see yourself staying there for the next few years. These 2 things alone will be something that a prospective mortgage lender will look at and talk to you about before making an offer. One of the other things that you might want to think about is how long it will take you to get to work and if you are happy with the commuting time.

Your Requirements

When it comes to choosing your very first property, it's important to know exactly want you want. So, before you start arranging viewings, make a simple list of things that you are looking for in a new property. This could include the number of bedrooms, type of bathroom, type of kitchen and whether you are looking for a property that has a garden.

Do Your Research

Don't just look at 1 or 2 lenders and their mortgage rates, do your research and look around for what’s on offers to make sure that you find the very best deal. Additionally, make sure that you do not just solely focus on the interest rate. Most mortgage lenders charge an arrangement fee, which is generally £995 or more, though this can be added to the mortgage deal most of the time.

Consider The Location

When buying your first property, you need to consider the location. Think about what is going to be the most important to you in the area. Perhaps you have children and if so, then being close to a school would be an important thing for you to consider. Other things would be the accessibility to public transport, how close a doctor’s surgery or hospital is, and how far away it is from your immediate family.

Save as Much Money as Possible

As a first-time buyer, you might be required to put down as much as 20%. If you don't have a savings account then now is the time that you should probably get one set up. Together, we creating a plan of how you are going to save up enough money for a deposit. However, do be aware that you are going to need additional money to put towards other fees like solicitors’ fees, stamp duty, removal costs etc.

Register to Vote

This might seem like a bit of a strange one, but lenders check if you are on the electoral roll at your current address to determine whether your application is real or not. They basically check this as a precaution against fraudulent mortgage applications.

Take Care and Apply with Caution

When you are finally ready to apply for your mortgage product, make sure that you do so with caution. This includes reading all of the small print and avoiding making multiple applications to just to see what kind of offer you will get. Every single mortgage application that you make leaves a mark and can damage your credit score. This can also be seen by other mortgage lenders.

Guide Editor Tue, 16 Apr 2019 05:06:39 -0400
10 Must-Have Commercial Building Amenities Commercial real estate tenants expect and demand that commercial buildings to be full of amenities that are important for their employees and clients and most importantly for their business. Amenities are one of the factors that play a vital role in influencing the purchasing decision of potential buyers, leasers or renters. Some commercial real state agencies focus on getting the cheapest property rates and some focus on providing better quality that obviously demand higher rates. But as one of the leading commercial and real estate agency in Moorabbin, Melbourne, here are the 10 must-have industrial real estate amenities – be it a factory, warehouse or office space.

  1. Conference Facilities

Commercial property mostly has small meeting rooms, but huge conference room is also necessary. Having conference facilities enough to accommodate large events on the premises make the tenants easy to host large conferences and meetings without renting any extra space.

  1. Easy and Reliable internet access

High-speed internet access is a must in a commercial building. Not just while they are working, but they should be able to connect to the internet while they are on break or outside the office suite. The Wi-Fi connection should be available around the common areas.

  1. Parking and Transportation

If you are buying commercial cities, finding parking can be a tough task. The commercial building must have a secure parking space. This amenity is a priority concern for everyone – both workers and clients. Easy access to public transportation can also be a plus point.

  1. Dining options

The commercial building must have on-site café and restaurants so that the workers don’t have to leave the building to get food. The restaurants and coffee shop on the lobby will make the tenant very happy. On-site café is convenient, but that doesn’t mean unhealthy, the food should be healthy and organic.

  1. Gym and fitness centre

By understanding the need of being healthy, the industrial building should have fully equipped fitness centres with a locker room and showers. Physical exercise impacts a lot on the work performance of the employees, so the gym and fitness centre is a huge priority.

  1. Outdoor Spaces

Employees get exhausted after working in a closed room for hours; they need some outdoor space to relax and recharge. Patio, outdoor grills, fire pits, picnic spots and rooftop decks with seating arrangements help employees to get some fresh air and chill thus improving their efficiency.

  1. Eco-friendly options

Establishing a business means the use of lots of resources which somehow affects our environment, so it’s time to go green. Lots of glass to get in natural light, use of solar energies, good facilities for bicycle parking, electric vehicle charging stations are some of the eco-friendly options that one can implement.

  1. Security measures

Safety is a primary concern for everyone, and the commercial real estate should be safe & secure from any disruptions and crime. A backup power generator, fire detection alarm, intruder alarm, CCTV cameras, emergency drills are must-have which allows tenants to feel comfortable and safe.

  1. Tenant lounge

Having a tenant lounge gives employees a space to have some fun on their breaks. This amenity should be fun with comfortable seating arrangements, TVs, gaming station, snooker and ping-pong tables. Also, space where the employees can talk and know each other.

  1. Retail

Life of professionals is hectic. Having retailed on-site can make their life a lot easier. The assortment of retailers – a bank, dry cleaner, departmental store, pharmacy, shipping/mailing centre – save their precious time and effort.

Considering these basic amenities while considering a commercial property can potentially save your precious time later on when you start to operate there. Talk to your real estate and try to ensure that they know all the features you are looking for into the new property.

Just Commercial are a leader in real estate Moorabbin and surrounding suburbs in Melbourne for factories, warehouse, or any other commercial real estate with a combined experience of 75 years. Reach out to us today to find the best commercial real estate for lease, sale and rent in Melbourne.  

Guide Editor Mon, 08 Apr 2019 23:29:10 -0400