Commercial Real Estate: An Ideal And Limitless Investment Idea

When it comes to the best investment ideas, the commercial real estate can count for a great idea and especially if you have enough money to invest. The venture normally comes with numerous benefits which every investor will find ideal and worth considering. The commercial real estate idea is ideal in that it goes beyond the residential and single family properties and the demand is always on the rise no matter where the property is situated. With many people looking for office space and apartment buildings, the idea has been found to be lucrative and always rewarding for many investors.

One of the greatest benefits of the commercial real estate idea is that it provides you with a number of options and enhanced range on your ventures not to mention that it also comes with an enhanced possibility of great returns. It is however important to look at this kind of an investment as a major task that will definitely require a huge chunk of money and therefore do your calculations well for the realization of the desired results. There are many benefits that every commercial real estate investor will be able to enjoy and these always make the investment a worth risk to take.

Benefits of commercial real estate investment

    • One of the most notable benefits of investing in the commercial real estate is in the lucrative rental rates that are associated with the venture. This is especially the case when the building is located in an area where there is high rate of business. It is therefore easy to enjoy huge monthly returns and especially if you are in an area where the construction of such a building in regulated by the law or the land.

      Unlike the other types of real estate investments, the commercial real estate normally involves space measurements that are done in square foot and the price for this is normally high. Commercial space all over the world and especially in the up market places is normally rented at a rate of more than $70 USD per square foot. This therefore translates into a huge amount of money at the end of the day.

 

    • In many areas, the commercial real estate also benefit the investors in that they come with prolonged lease agreements which allows for continuous occupancy. Unlike their residential counterparts which might not work the same way, the commercial units have an assured cash flow every month for the number of years under which the agreement is made.

      Due to the fact that many tenants would want to establish a continuous link with their clients without destabilizing their businesses, the long agreements normally work to the benefit of the investors.

 

  • Additionally, commercial real estate is always on demand and especially if they are strategically situated. Hardly will you here of an unoccupied space especially in the busy streets of any given area.

The benefits associated with the commercial real estate can be broken down into various categories but there is no doubting that this is one of the best avenues for any serious investor.

Tips For How To Successfully Sell Your Home

Your net worth is most likely made up of the real estate you own. As you prepare to sell your residential or commercial properties, it will be in your best interest to look for ways to improve your selling skills. If you want a sale that has more profit and less stress, make sure you arm yourself with knowledge, such as that found in this article.

Make a Facebook or Twitter page for your properties or real estate agency. On these types of sites, you can post information about new listings, interest rates and many other types of real estate information.

Once you decide to sell your property, add some energy efficient updates to increase the interest of buyers. Get LED bulbs, solar-powered outdoor lights or an energy monitor to convince buyers that they will save money on their energy bills after moving in.

You must have patience when you deal with your Realtor. For example, your real estate agent’s take on the situation might differ from your own. You may want to really get the ball rolling, only to find that your agent has a different opinion. Though you can disagree, it is often advisable to listen to their suggestions.

Unless the house is currently uninhabitable, you shouldn’t think about making comprehensive renovations. There are a lot of investors who waste time and money on remodels that will not bring them a return on their investment. By enhancing the current interiors, you will spend less and profit more.

When selling a home, try to empty out the home as much as you possibly can, even if you are still living in the home. Potential buyers like to envision themselves living in a home in which they’re interested. The more open and uncluttered your rooms are, the easier it will be for them to do this, and the easier it will be for you to pack when it’s time to move.

When marketing or looking for real estate, it is important to use many different channels. Plan to use every viable outlet to market your property successfully, including realty websites, newspaper listings, and the services of a good real estate agent. You will want to exercise every option available in order to achieve the fastest sale for the largest profit.

Just by making some small updates in your kitchen you can make people want to buy your home. Even upgrading just one appliance can make it the focus point of the room. If you have space, add a popular butcher block island and overhead storage. If you cannot afford to change your cabinetry, apply a fresh coat of paint on it.

Unless you are a professional in the field, most people only occasionally venture into the the real estate arena. Not surprisingly, it is easy to get overwhelmed when you do venture there. Without the proper approach, trying to sell your property can be quite risky. The information in this article will, hopefully, help you minimize your risk and get the most out of your sale.

Helpful Ideas To Consider When You Are Buying Real Estate

You may think purchasing real estate is really confusing and difficult; however, with just a little know-how, you may find it enjoyable and rewarding. Fear not, the tips listed below can help you avoid this.

Do a quantitative analysis of your area’s housing market. Give City-data.com a visit or any other sites like it so you can learn about the average housing prices, number of foreclosures and other relevant market conditions within a 15 mile radius. You can also use this opportunity to check out the location’s job opportunities, crime rates, etc. In some cases, location and presentation are everything, despite worrisome local data.

Always hire an inspector to look at any property that you want to purchase. If you purchase without an expert’s evaluation of the house, you could be facing the cost for major repairs. Not only will you have to pay a lot to fix everything, you may even have to live somewhere else while your new home is getting fixed.

A house that is close to a busy road should be avoided if possible. You might be saving money, but you will soon find out why the price was so low. While having a busy roadside home may not be a bother to you, there will be little resale value in the property when it comes time to move on.

You need to expect extra fees or costs if you are buying a home. Typically, closing costs include your down payment, real estate taxes for the year and points you have to pay on your mortgage when purchasing the house. The closing costs can often include extra charges like improvement bonds, school taxes, and other local charges.

Be sure that any appraiser you are planning on hiring has had several years of experience in real estate. Hire an appraiser independent of any real estate office. Conflict of interest may exist in that situation. Make sure that any appraiser you deal with has a state license.

You need a business partner you can trust, when purchasing an expensive parcel of commercial property. This will help you qualify for the commercial mortgage loan easier as you proceed in buying the property. You may be able to qualify for a loan that you cannot qualify for alone by having a partner. A partner may be able to help with a down payment as well as lowering your debt-to-income ratio.

Request a checklist from your Realtor. Realtors usually have a list that you can go over to ensure that you take care of all necessary things when you are looking for a home and trying to finalize the mortgage. You can use the various checklists to make sure you’re ready for every contingent as it comes up.

So, as you can see real estate buying is not as complicated as it appears. It is involved in terms of research and asking questions, but it is worth it in the end. If you implement the previous tips, you should be better informed when purchasing real estate.

How To Sell A Home

If you have a property for sale you naturally want the best price you can get. Spend thousands fixing up the place and you could end up over-capitalising and not recover the amount you spent on the house. A lick and a promise is often all that’s needed to improve your property and help buyers fall in love with it.

First Impressions
The outside of your home is the first thing people see. Stand on the street and check your home for “curb Appeal”. Spend a small amount of money to make sure the driveway is free of weeds and grease and ensure that the garage or carport is presentable. Repaint if necessary.

It is recommended to spend a bit on the garden too. You do not need to spend thousands landscaping, just make sure it isn’t overgrown, that the trees and shrubs are trimmed and the lawn is cut. Brighten up the flowerbeds with pretty flowers and shrubs.

The front door gives a vital first impression while the Buyer waits for you to answer the bell, make sure it is scrubbed clean or painted if necessary.

Don’t forget to have all light sockets fitted with bulbs, buyers will feel more welcome when you turn on your lights for an evening inspection.

Rooms that sell
Experts confirm that there are two areas that boost the value of a home – the kitchen and bathroom. Again, you do not need to break the bank to get them looking good.

Kitchens with plenty of cupboards and space for a fridge, freezer, washing machine and tumble dryer are a great draw card. Most families have a fridge and a freezer and this should be taken into consideration. You could remove a few cupboards next to the fridge to make room, provided you have enough storage space. If space is tight there are other tricks to give the appearance of space.

Replacing old flooring with linoleum or light tiles makes the kitchen look bigger and brighter. A warm yellow is a great colour for the kitchen – it gives a bright sunny feeling. Put a colourful pot plant on the window sill and a vase of flowers on the table or counter for a cheery, homely look.

If you have an old-fashioned bathroom with psychedelic tiles that should have been replaced years ago, don’t despair. Here are some quick-fix solutions.

Tiles can be painted over quite easily – ask at your local hardware for the best paint for the job.

Re-enamel the bath and basin if they are in bad condition.

Fit a new blind to the window to add a modern look to the room.

Buy some crisp new towels and face cloths, a new soap dish, a few fragrant soaps and a flowering pot plant.

Shop around for an unusual mirror- it will add style and space to your bathroom.

Break out the elbow grease
Simply make the best of what you’ve got. Scrub cupboards, wash windows and get in the carpet cleaners. If you have a pool make sure it’s sparkling. Consult a pool expert if necessary. There is nothing more off-putting than a pool that looks like pea soup.

Do not fall into the trap of overspending on improvements. No matter how much you spend you’re unlikely to sell your home for more than 15% above the average price of other homes in the area.

The right price
It’s pointless putting an unrealistic price on your house – it will just sit on the market for months and you’ll end up dropping the price anyway.

Finding A Family Friendly Suburb In Auckland To Invest In

Raising a family in the nation’s largest city can be quite the challenge – the expensive housing market and little amount of space that many inner-city Auckland properties offer isn’t exactly what you want in a family home. However, with the opportunities for business and employment that you find in Auckland, many are hesitant to leave. Choosing a family friendly suburb, remaining in the area and making the best property investment that you can takes a fair amount of research and patience. If you’re in the market for a home and you’re trying to figure out what will be best for you and your family, look to some of these Auckland suburbs.

Grey Lynn

In zone for Auckland Girls Grammar, Western Springs College and Mount Albert Grammar secondary schools, Grey Lynn is a popular choice for families raising teenagers who don’t want to be too far from the central city. The CBD is within walking distance and the suburb has plenty of service from public transport. Many of the homes in the area have been through recent renovations, but the median sale price of nearly $800,000 does put off a lot of buyers.

Saint Johns

A popular family suburb near Glen Innes, Saint Johns has seen plenty of housing development and renovation throughout the past 30 years because of its popularity. Selwyn College, the state secondary school servicing the area, offers quality high school education and the suburb is only a 20-minute drive from the CBD. In recent years, median prices of the Auckland real estate for sale in Saint Johns have been hovering around the $650,000 mark.

Papakura

South of Auckland city, but still only a half hour from the CBD, Papakura offers a lifestyle that appeals to many families. The lower median property price of $300,000 and extra space that it offers in the form of lifestyle blocks and family sized sections makes Papakura an incredibly popular choice for those that don’t mind the short commute. Papakura High and Rosehill College are both excellent secondary schools in the suburb and there are a number of primary and intermediate level schools to suit families of any age.

Birkenhead

To the north of the Auckland CBD, Birkenhead is a popular middle class suburb with easy access to the central city via the northern motorway. The suburb’s two primary schools, Birkenhead School and Verran Primary are both very popular and highly rated. The average house price of $500,000 is quite affordable compared to other suburbs so close to Auckland Central.

Choosing where to invest in Auckland isn’t going to be an overnight decision. Take the time to consider your options and what you can afford. Research the growth that the suburbs you’re interested in have enjoyed in the past decade and try to make a property investment decision that sees a good return down the road. While the cost of living in the city is quite high compared to the rest of the country, the benefits in terms of opportunity and higher wages are extremely attractive.