If your rental property is located in a college town or near a university campus, renting to college students can be very profitable. Do you already own a unit within walking distance of academic buildings? Perhaps you're thinking about investing in a rental property in a college town? Landlords near colleges and universities benefit from high demand, stable rental markets, and an ample pool of would-be...
The moment a person buys their first house is one of the most exciting periods in their lives. Regardless of whether it's your first or third home, it's a significant life event with even greater costs. Everyone knows that buying a new home can be costly, but the cost of buying a home includes so much more than simply paying for the house itself. It can be startling, especially to first time buyers, to...
Homeownership is one of the most common journeys that people aspire to go on. While owning a second house is a luxury that only a few individuals can afford, the demand for second homes has risen in recent decades. Buying a second home is a big upgrade, whether you're laying claim to your favourite vacation spot or taking the first step into real estate investment. However, before you buy a second house,...
For most people looking to enter the real estate ownership space, flats provide a more affordable housing option. With this in mind, is it a good idea to pay cash for a flat? At the onset, paying cash to buy your flat probably sounds like a good idea. After all, you don’t have to worry about mortgage payments and interest rates. Read on to find out if paying cash for a flat is really a good idea. When...
People often use the terms property deed and property title interchangeably. Although the two terms are connected, they are not one and the same. Property deed vs. title, here is how you need to look at the two when you sell your home. Property title In the first instance, when we talk about property title, we are referring to your legal ownership of a home. Property title is what gives you legal...
Is there any psychology involved in pricing real estate? Most academics belong to the school of thought that dissimilar prices impact our perceptions and actions. As such, pricing influences buyer behaviour expansively. Suffice to say, there is a science or psychology to pricing a property. A strategic market price will no doubt complement your marketing campaign. In addition, a premeditated market price...
In the first place, let us look at what a property survey entails. For the purposes of this article, we will look at a property survey as a document that shows property lines. Moreover, a property survey includes any land or structures as a schematic diagram. The schematic diagram highlights various measurements as well as angles. In other words, a property survey resembles a sketch drawn from an aerial...
Should I price my home below market value? Every homeowner desires of selling their home for a great price and at a premium. At the bare minimum, you need to sell your home and be able to pay off your home loan and cover any closing costs and fees. In addition, it would be ideal to sell your home for a price that allows you to make a profit that you can direct towards a deposit for your upcoming home...
You may have extenuating circumstances that require you to build a granny flat. For starters your adult children can make use of your granny flat on their way to financial independence. Thus, allowing them to save on a home deposit. Moreover, you can use your granny flat to accommodate your aging parents, without infringing on your privacy. In addition, you can lease out your granny flat and therefore earn...
If you are involved in real estate in one form or another then it is critical that you have profound grasp of the history of the real estate market. Moreover, you need to be in touch with the current state of the property market. In addition, whether you are a buyer or a seller you need to understand where the real market is headed in the future. A full appreciation of the direction in which the real...