| by Arley Kirby | No comments

Flipping Foreclosed Homes

Know Your Budget

The number one tip when it comes to house flipping is to know your budget and not give into the temptation of exceeding it in the hopes that you can chase higher profits.

Before you even start looking at any houses, figure out how much you have to spend in every area of the transaction. Know your limits when it comes to the purchase price of the property and understand how much it is going to cost you to do whatever work needs to be done. When buying a foreclosed home you are often asked to buy it as-is, so you can’t count on any smaller issues being touched up for you. Plan for everything and make sure you have some money in reserve, just in case.

Select The Right Market

Some cities are better than others when it comes to flipping houses, so be sure to take a little time to research the current figures to see which ones are currently hot. Of course this means having the capacity to be able to travel from state to state, which may not be desirable when you are just starting out.

Read More
| by Arley Kirby | No comments

Designing a Greenhouse

Greenhouses are made almost entirely of glass windows and skylights, which allows the sun to warm the interior, making a tropical climate for both humans and plants. Overheating and sunburn will not be an issue, as long as proper glazing options are considered. Incorporating low emission glass coatings, such as LoE 366, will produce a highly efficient glass structure that will block harmful rays in the summer and insulate during the winter. Ventilation will be crucial to ensure air circulates and does not become stagnant. Ridge vents, eave vents, and operable windows are great ventilation options for both humans and plants. Incorporating a retractable roof skylight will open the structure to the outside on warm, sunny days.

Growing palm trees inside the greenhouse is an ideal way to create a vacation atmosphere, as are hibiscus, and practically any vibrant tropical flower. Before cultivation begins, however, it is important to research the various preferences of each plant in order to ensure the greenhouse growing environment is mutually beneficial for each different species. Once the vegetation has been selected, creating the perfect interior environment will be easy with the help of a greenhouse control system, which integrates all lighting,

Read More
| by Arley Kirby | No comments

Buy a House With Cash

Frugality is the Name of the Game

While it’s very likely that everybody would buy their home with cash if they could, hardly anybody does. This is because most people just lack the discipline to save up.

Now, if you make 20-30 thousand dollars a year, you’re going to be waiting a long time to buy your own house, even living on the bare minimum.

But, if you are someone who makes 50 thousand or more per year, or you also have a spouse who makes just as much as you, it is very possible for you to buy your own home with cash, in a couple years.

If you can manage to save just a couple thousand a month for a period of 5 or more years, you’ll be right in range to buy a nice house all by yourself.

Benefits to Buying With Cash

The benefits to buying your home with cash are usually not afforded to those with a hefty mortgage to worry about. For instance, without a

Read More
| by Arley Kirby | No comments

How to Calculate Rental Returns

Purchasing Costs

  • Purchase price – the agreed price for which the property will exchange hands.
  • Renovation Costs – money budgeted for renovations prior to the property been made available for rental.
  • Agents Fees – in some countries it is common practice for the buyer to pay some or all of the real estate agent’s selling fees/commission. However, in most cases these fees are paid by the vendor.
  • Stamp duty – a duty placed on the purchase of a property charged by the local government for the registration of the property into the new owner’s name.
  • Mortgage Application Fees – charged by lenders upon application to secure a loan to buy the property.
  • Travel Expenses – flights, car hire, and hotel costs incurred when travelling to personally inspect a property.
  • Solicitors Fees – payable to the solicitor for all of the relevant legal work for the transfer of the property.
  • Research – books, local suburban reports purchased to research a suburb.
  • Accountants Fees – the property may be purchased in the name of a Trust or Company. There may also be a crossover here with the solicitor’s fees.
  • Council
Read More
| by Arley Kirby | No comments

Choosing a Commercial Property

When you are investing for the purposes of capital growth, there are certain kinds of retail, commercial or industrial properties that can be a very superior option. It is important to know that not all kinds of properties will perform the same. There will always be differences.

When you start to analyze the great potential of a physical property, location and position need to be considered and should actually be the key elements in the process of making a decision. In property, the capital growth of an asset comes from the increase of the land value and the location influences the demand and supply for the land and this then determines the value. A good example is a central business district where the value of land is very high and this actually drives the capital growth.

When the land value goes up, then the value of all the improvements or even the building itself will depreciate with time. This means that the land appreciation should be sufficient enough to counter the building depreciation and also to grow the asset value with time.

Position means how easy it is to access the property. You should ensure

Read More
| by Arley Kirby | No comments

Transform a House Into an Eco Friendly Home

Your first step should be to convert the natural solar power into energy that we need for heating and cooling our homes. This can be done by installing solar panels. The money that goes into this act depends on the total area that you want to heat using these panels. For instance, if you want to heat your three story house entirely, then this would certainly be a huge investment. On the contrary, if you wish to use the solar power on a small scale, for example only on the pool shed or on your garage’s roof, then it would be quite affordable.

Properly insulating the attic of your house can also help you make your house green. Proper insulation would make your house stay cooler in the summers and retain heat during winters. There are lots of insulation options that can be considered, depending on where they would be used. Some of these options include spray foam, fiberglass, cellulose, soy beans, old denims, old newspapers etc.

Even, by simply replacing the old traditional bulbs with CFL bulbs, the monthly lighting costs can be significantly reduced. You can even consider hiring an experienced contractor to get

Read More
| by Arley Kirby | No comments

Listing House With a Local Realtor

A realtor takes, “I’m going to sell my house” into “I’m selling my house.” And they save you stress while they do. Otherwise, you can spend weeks just finding the right platform to sell your house on. Not to mention you have to filter all the potential buyers yourself. This is incredibly time consuming and comes with a ton of drawbacks. Only one of which is hearing every reason you should either give your home away or do owner financing. You can even end up potentially putting yourself in danger.

When you work with a realtor, you work with bigger numbers. Your agent can set you up with more verified, serious buyers than you can find yourself. They also have access to bigger advertising funds and more resources for home listings. All of this leads to a much better, happier sell.

Have you ever wondered why some homes have handwritten signs on a post while others have full-color gloss sheets? The answer is usually one has a realtor involved. Realtors know exactly what potential buyers want to see and know. They have the funds to create professional, appealing advertisements for your home. You aren’t left waiting

Read More
| by Arley Kirby | No comments

Profit Using Homes for Sale

Realistically, success in flipping real estate depends on your ability to buy a less-than-perfect property at an exceptional bargain price, and then invest in repairs, staging, and advertising to make the house capable of drawing a profit with appealing buyers. If you have the means to invest in properties, and you’re good at selling your product, then there is no reason why you can’t generate a substantial income by flipping homes for sale.

Before flipping a property, do your math homework. You need to know exactly how much money you can invest, because your flipping experience depends on that investment. Figure out how much you can spend on your first buy, as well as how much you are willing to spend to fix up the property.

If you want to get an optimal profit while still pricing competitively, then you will need to know your market. Research the types of homes for sale that are moving off the market at the most rapid pace. If you want to continue flipping, your priority should be to move your first buy quickly and at a profit. Start by monitoring the market. In order to make the right renovations

Read More
| by Arley Kirby | No comments

No Realtor, No Problem

List with an Agent

Selling the home with an agent offers many benefits for the homeowner as well as inconvenience. There’s a reason these professionals charge so much for each home sale, but that high price tag, as much as 6% of the purchase price, may be more than you are willing to part with on a sale. A $300,000 house could cost the homeowner $18,000 in commissions, reducing the proceeds for the homeowner. When repairs, clean-up,improvements, open houses and other showings are factored into the process, plus the extended time it takes, only the Owner can determine if this approach is right for them.

For Sale By Owner

Selling your home on your own is one way to cut back on fees. It also provides the homeowner with lots of freedom to do things their way. On the downside, going the “For Sale By Owner” route can mean a lot of work and extra time. The homeowner is responsible for prepping their home, performing due diligence, marketing the property, listing it on the MLS, dealing with homebuyers and closing escrow. The homeowner is responsible for a lot of things in their home sale when

Read More
| by Arley Kirby | No comments

Faults in Breeam Evidence

  • Gaps in the evidence base
    This is the number one fault in the evidence provided to Breeam assessors. It often comes down to the team member not checking the detail of the requirement. It is easy to remedy: each of the team members need to carefully read the requirement for their issues.
  • Flood in documents
    This fault is in a way related to the previous fault. In attempt to compensate for a lack of evidence the team member submits all the documents that are in his own file that are vaguely related to the issue that is being considered. However, all the irrelevant information has the potential to mask the key elements that are relevant to the issue. It can even be worse than this: various design iterations may be included in the information providing conflicting evidence. The cause again lies in the lack of understanding of the team member and the resolution again is to carefully read the requirement for the issue.
  • Too many caveats
    Consultants need to be careful about their statements in the design reports they issue. They do not always control the implementation of their advice. The Breeam requirements often ask for
Read More