Being A Good Landlord Is Harder Than It May Appear
When buying a house or apartment with the intention of letting it out to tenants, you may well have in mind one thing only – that day every month when the money transfers into your account and, for the privilege of letting people live in a property you own, you make a profit. However, if you are the landlord of a rented property, life is very rarely that simple. It is not necessarily a bad life at all, but it pays to be realistic at these times. If you are prepared for what you will face, it is always much ...
The Dos and Don’ts Of Renovation
It is important when renovating a house to bear in mind that there is a big difference between a loose plan and a final certainty. You may have ideas about what the house is going to look like and how much money it is going to make you, but those ideas can only become reality with a lot of work. Don’t get carried away by the seemingly foolproof nature of your plans. You should always make sure that you “comparison shop” every decision you make. You may need to pay builders and other workmen to do the renovation work. You ...
Time Doesn’t Stop When You’re Renovating
When you buy a house for the purposes of renovating it, there may well be a simple equation in your head. Money spent on buying house + money spent renovating = total spend. Resale price – total spend = profit. Simple! Isn’t it? Well, maybe not. You see, on top of this you do need to consider what else is going on while you are renovating. Renovating a house is not something you can do in “dead time”, so you also have to look at how you live in the mean time. After all, if you need to be present ...
Real Estate Information
Time Doesn’t Stop When You’re Renovating
When you buy a house for the purposes of renovating it, there may well be a simple...
Read More Posts From This CategoryReady for Real Estate
Being A Good Landlord Is Harder Than It May Appear
When buying a house or apartment with the intention of letting it out to tenants,...
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General Real Estate Tips
The Wrong Side Of The Tracks
Most of us have heard someone – often our parents, but probably more often a character in a TV show – describing another individual as being “from the wrong side of the tracks”. It is one we hear, and repeat, without necessarily giving any thought to what it means. We as humans, have a tendency... [Read more of this article]
Location, Location, Location!
There is a common mantra among real estate professionals and investors which is simply the word “location” repeated three times. The thinking behind this is that, when it comes to making money in the world of real estate, the most important thing is where the property is located. The second most... [Read more of this article]
You Can Do It Right, Or Cheap, Or Quickly…
The importance of turning a maximum profit in a minimum time frame is as important in real estate as it is in just about any other sector of the business world. And of course, when you create a profit margin this makes for three immediate variables. How quickly can you do something, how much must you... [Read more of this article]
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