Tag: Buying

Buying Investment Property

This means it’s important to treat each part of the process like a business. Doing so includes using professionals when you need them, from real estate agents, to accountants and lawyers. You want this to make good sense financially, so take professional advice into account and use it wisely.

It doesn’t matter how great the place is; will people want to rent your investment property in New Zealand? There is a real skill in finding a place that is both reasonable enough to be able to offer a good but fair rental price, and be in a place that attracts a stable tenant. People look for slightly different qualities in a house that they are renting as opposed to one they own, with factors such as an easy care garden with a low maintenance section, and a place they don’t need to make improvements on themselves.

There are other factors tenants will look for. Because they can’t alter the building or surrounds too much, it needs to come with the things they want. If it’s an apartment, they are more likely to rent one that has a balcony. No matter where it is, a place with a garage is more …

Buying Off the Plan Property

In most cases you pay 10% of the purchase price and are entering into a contract with the developer. The balance is paid upon ‘settlement’ when the building is completed. This can be anywhere from a few months up to two years after the initial contract is signed. Most ‘off the plan’ purchases are apartments but townhouses, villas and land packages are also available.

The Benefits Buying a property at today’s prices and settling later is a tempting proposition, especially in a rising market. If the buyer isn’t willing to assume the risks associated with off the plan purchases, they may end up paying more for the same property when it is completed and the best apartments in the building may have already sold.

Delayed settlement gives you more time to save for your deposit and plan for mortgage repayments. Another benefit for buyers purchasing new strata units off the plan is the ability to select or vary finishes and fixtures, giving you the opportunity to make certain changes to suit your own taste.

Market Conditions The big unknown when investing off the plan is whether your purchase price will reflect market conditions upon settlement. So is now a good …

Buying Property in Costa Blanca

Furthermore, if the cost of a second home still seems prohibitive, look at it as an investment; villas and apartments are in constant demand, so you would even be able to partially cover your costs by renting it out as a holiday home and maybe, just maybe, your little gamble could become an excellent source of profit.

So what sort of apartments and villas are available? Well, there is a range of properties to suit just about anyone looking to buy property in Costa Blanca, from single-bedroom apartments in new builds, to luxurious mansions.

For example, if you are looking to buy an apartment in Costa Blanca, the smallest available are the Las Rocas apartments in Ciudad Quesada. At around 33 metres squared, they are too small for a family, but perfect for a couple, and come with beautiful views of Quesada. Built in the traditional Mediterranean villa style, the complex comes complete with a communal pool and garden, so if you do not fancy venturing beachwards, you can stay and relax in and around the apartment. Furthermore, the apartments are within walking distance of shops, restaurants and a country club, allowing inhabitants to enjoy a relaxed holiday, with all …

Advantages and Disadvantages of Buying Houses

Advantages of Buying House

  • Life time Income: One of the greatest advantages of investing in real estate is that it offers income for the entire life time. Most people buy homes and rent it out so that a considerable amount of income can be obtained.
  • Privacy: Apartments and other places lack sufficient amount of privacy. By buying houses, privacy can be ensured.
  • Space: Homes are spacious and can be decorated according to individual tastes and preferences. Renovation and maintenance can be done accordingly. It is easy and possible to control the entire property which can seldom be done in apartments.
  • Capital appreciation: Another advantage of buying house is its capital appreciation as there is a large content of land.
  • Leverages: Most people invest in real estate due to the availability of leverages. There are different ways to buy homes and properties without spending your own money. Seller financing is another method used to buy properties. Today banks provide housing loans and other facilities to encourage real estate investments.
  • Intrinsic value: One of the greatest advantages of investing in real estate is its intrinsic value. Properties seldom lose its value in the due course of time.
  • Appreciating asset: Every new house