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When a real estate agent works out a property value there are loads of factors that must be taken into account to come up with the final property value. If you’re thinking of getting your property valued, it’s great to know what things will increase the property value and what won’t add much to it. Some great things in a property that will lead an estate agent to value your property higher include things like how it’s crafted if you’re building a property then crafting with concrete will help to increase the value, double glazing windows also help to increase the value as well as if your property is energy efficient. If you’re getting a property value, then it’s good to have an idea of how to figure out the value so you can pick the right estate agent for you. Most estate agents will disagree slightly on the value of a property so if you know the process it’ll make it much easier for you to find an estate agent that is right for you and your property. We have talked to estate agents to learn all about the valuation process, and we’ve simplified it for you here, keep reading to find out all about it.
Main Property Valuation Factors
Valuing property correctly is one of the first things that real-estate agents learn and once they have more experience it becomes much easier for them. Experienced real estate agents will be able to look at a property and quickly make an estimate for a value and most of the time they’re very close. They have to look at many different things to find an accurate price and whilst you think that the size and quality of your property may be the most important things many other things come into play too. One thing that really affects the value of your property is the location of it, if it’s in an area with a high crime then the value of your property will drop. Real estate agents also have to have an awareness of the current market reports and what the local market is currently like. This includes being aware of things like the demand for houses in the area and they can work this out by looking at things previous sales in the area. Whilst you may want to trust the estate agent that values your property the highest as you want your property to sell for as much as it can, but sometimes this is more of a hindrance as if it’s valued too high then it won’t sell.
How To Choose an Estate-Agent
We’ve found some fantastic tips on how to find the best estate agent that will suit you and your property. The best tips are to speak to your estate agent to make sure that you can trust them and also ask for evidence so you can make sure that your property has been valued correctly. Also, be wary of long contracts, 6 months is the best time, try to stay away from 6 month contacts.
Ah, home construction- it must have crossed everybody’s mind at one point, right? One evening while you are sat after dinner, dreaming of when you win the lottery and can design your own house? Building a man cave with all sorts; pool table, underground bar, a cinema, or even a luxury jacuzzi?! Surely it can’t only be me that daydreams like that? Or maybe you are just looking to do an extension of the kitchen, or a loft conversion- something more realistic and suits the whole family?
All that post construction cleaning isn’t something you want to do yourself, that is a definite given! First off, it will definitely be a bit easier, give yourself a break! There’s a lot going on, the last thing you want to be doing on a Sunday afternoon is cleaning up the mess of the beautiful extension! You want to be enjoying the rays of sun and having a cold beer or wine to cool down, especially now we are getting closer to summer. So why not leave it to the professionals?
Building and electrical process
There are many processes involved in building and making sure the electrical structures are safe and not a risk is an important factor. The electricals have to be planned to make sure that the correct wires and cables are in the right place so when walls are being filled by plaster, they can actually be used! Even simple things that people may not think of such as making sure that the switches are at a suitable height to flick on and off or making sure the switches are not too far off the ground but also not too high up so that you are able to plug in all electrics and hide all those cables! Also, it is important that the material used in buildings cannot conduct electricity well such as heavy metals as if anything were to happen to the building, the electricity will be carried throughout the metal and can cause fatality. Therefore, wood and plasterboard is the best material to use to ensure that the electricals are good to go and safe to use for all the family!
Many new builds are built to last years and years and old houses tend to be more prone to fire outbreaks which are of course dangerous. So, to combat this is it important to make sure to make your material and house as fire-free as possible! This may even include using fire safety doors that keep individual rooms safe so that if there was a fire, it wouldn’t spread! Also, using fire retarded materials in the building process such as concrete panels, stucco, or brick for exterior walls. This way the fire is less likely to spread, much better than using materials that may be more prone to fire hazards. Do not forget those smoke fire alarms people! They will save lives, it is so important that you also keep them up to date and running well; hallway, between the living room and bedrooms, and definitely one in each landing!
Home construction can be fun, designing the prototype, making sure the measurements are right, choosing the materials, and making sure the rest of the family also agrees, but the cleaning can never, ever, ever be fun! But home construction is always easier when you have that extra helping hand. And let’s be honest, during these tough times, everyone needs a helping hand or somebody they can call to support their endeavors. Even better, helping small construction businesses that are fast and efficient is even better!
If you have ever tried to sell a home, you will know just how difficult the process is. In a market where renting is constantly called a bad investment, many of us are quick to buy a home early on and then later regret it. This regret then manifests itself in a need to sell the house that you sold prematurely and if you thought buying a house was hard, imagine how hard selling one is.
For the past decade, there has been a lot of social-economic uncertainty which has meant that people are a lot more hesitant when it comes to purchasing a home, which means the home selling market is extremely congested with people who have the desire to sell on their property. In such a congested market, your only hope in making a sale is by having a unique home with some stand-out features. Standing out is the only thing you can really do in the housing market, otherwise your house can be left behind and remain unsold.
With such a busy market, you need to ensure that your house really stands out. This is a lot easier said than done as it can be confusing to know what changes to make sure your house doesn’t get lost in the market. We know how hard this can be, so worry not. Here are the key features to any home that makes the house sell quicker.
One of the biggest things that potential buyers look for when purchasing a house is whether or not the house needs a lot of work. If you are buying a new house, you are bound to want to make some changes so it can fit your personal aesthetic. This will be expensive enough, so house buyers definitely do not like the prospect of having to pay for cosmetic damages on top of their pre-existing renovation plans.
Before you put your house on the market, make sure that you are basically offering up a blank canvas for them to work on. So, if your house has some paint damage, don’t just presume that the next owner will deal with it themselves- repair the damage.
If your house suffers from electricity issues or even something as simple as low water pressure, this can be a big turn-off to potential buyers, so it will work in your favor just to deal with it as soon as you can.
Often when people try to sell their houses, they put a lot of work into how the house looks and not very much thought into the function of the house. People make the mistake of buying flimsy fixtures because they look good and are cheap. This is something that you want to avoid entirely as it could cost you a potential sale. You need to look into features of your home such as your doors and windows.
If you don’t have secure double glazed windows, then potential buyers could be put off as this could lead to pricey heating costs in the future. You also need to think about this in relation to your doors, as thin doors can release heat. There are plenty of websites that offer this range of high quality internal doors which you can put into your house for a very low price.
Though you may think that your house should be the main focus of your renovation, you should also put a lot of work into making sure that your garden is in a good condition. If you are lucky enough to have a front garden, you must make sure that it is looked after properly as this is the first thing that potential house buyers will see before they even enter your home.
If your garden is unkept then people will go into your home with pre-existing negative ideas of your property, which could make them notice issues with your house much more. If your garden is in a good condition, this could be very enticing for potential buyers as it will allow them to imagine the potential memories that they could make in this property.
Even if you are not a gardening fanatic, it would be hard to deny that you don’t have to spend time in the garden. The garden serves as a bit of freedom away from the annoyance of going out in public and being surrounded by hundreds of strangers. Not only this but if you are under the stress of being stuck inside all day, stepping out for a second into your own garden can be a real mood changer.
A lot of people say that the heart of the home is the kitchen, but we beg to differ. The kitchen is where we arguably feel our most stressed. It’s where we struggle with recipes and stacks of washing up. Whereas the garden is where you can kick back and relax and enjoy the sun. I’m not sure about you, but I know which one of the two I prefer.
However, not just any garden can be a location of relaxation. It’s easy for gardens to become overrun and unmanageable, especially during the winter and spring months when it is too cold to go outside and tend to it. If you want your garden to be a location of ultimate relaxation, there are some steps that you need to take.
The human brain is programmed to feel stress when exposed to an excessive mess, so if you want to be able to relax within your garden, you need to make sure that it is clean. Now, when it comes to nature there is only so much that you can clean. Leaves and other bits have the habit of falling onto your perfectly mowed lawn and trashing your hard work, but this shouldn’t really be bothersome and can be easily cleaned up with a rake or brush.
If you are lucky enough to have a big garden, it would be a waste to do nothing with it. If you have the financial resources, you should try to decorate your garden with items that make it comfortable for you. This can be done in a number of ways. If you are someone that enjoys sitting out in the garden, why not invest in some comfortable seating? Having seating also means that you can socialize outside with your friends. This is great for the current circumstances that we are experiencing, as many people do not feel comfortable entering other households. Being able to socialize outside is a great alternative and means you can still maintain relationships with people you may not have had the chance to see.
Decorating a garden is also just an extremely fun project. It is more likely than not that you have done all that you can to decorate the inside of your home, so taking on the challenge of decorating your garden will be a fun task to undertake. If you are stuck on how you could decorate your garden, check out sites like mycozybackyard where you can pickup things for the garden like a folding rocking chair and plenty of other pieces of furniture to decorate the garden.
Why We Think the Garden is so Important
For us, the garden is so important due to all of the activities you can do and all of the memories you can make there. Some of us aren’t lucky enough to have big houses and so it can be easy to feel like it isn’t much you can do indoors. Having a garden gives us the space to be free while still feeling comfortable and safe. Our gardens can be used as a place to play games, a garden, and relax when we are at our most stressed.
For prospective buyers and agencies alike, spotting ideal properties is an extremely desirable skill to have. It can help prospective homeowners find their ideal new living situation and give them an understanding of what sort of price they should expect to pay for certain features of properties and what extras they can try and look for to make sure their new property lives up to and breaks any expectations they may have.
For potential agencies, spotting fantastic properties is integral to their success as it allows them to constantly carry a wide portfolio of desirable properties that people want to buy and avoid dud homes which might sit in the books for extended periods of time and end up selling for far under the desired price and lead to lower fees taken by the agency.
So, it can be easy to see why it is a useful skill to foster, but it might still seem daunting to learn. Luckily, with a few tips, you can start to train yourself to spot ideal properties in no time!
Which way does the property face?
When we wanted to purchase some leads for mortgage company, one of the first things we would look at is the direction the house faces. This might seem like an incidental detail, but it can significantly affect the price of the home and even the daily moods of those living there. This can be seen reflected very clearly in properties in densely packed areas such as town centers and cities, with properties often being placed on east-west roads and the placement of almost identical properties significantly affecting the prices of them.
Why is this so important?
You might wonder why the orientation of property would affect so much. Well, this is due to the very simple factor of sunlight. It may not be a significant difference during the colder months, but during summer and spring the orientation of the property directly affects how much sunlight comes into the house, and a 90-degree change in angle can mean the difference between a beautiful, open, and fresh feeling space and a dark, cramped atmosphere.
This is especially important to those who wish to fill their houses with plants, as different specimens require different amounts of light, but most houseplants (and humans) do best with north-facing windows. As a result, this can be a huge factor in determining the price and how popular property will be.
In the modern-day, everyone has heard the phrase “location, location, location” in reference to the property. There is a very good reason for it permeating international consciousness, as the local area around a property and the area directly around it are often deal makers and breakers. Going into the field and learning about the area around the property can be one of the most important steps any prospective buyer or seller can take to finding magnificent properties.
Be sure to check the local utilities and amenities, such as local shops, if there are any large shopping centers or high streets, and even where the closest park is. All of these will be on the list of desirable features for any buyer, so they must all be considered.
Some more overlooked features are transport links. The distance to the closest bus or train stop and how far away the local airport is are incredibly important to everyone – even those who already own cars – as they make commuting to work more reliable and can make it much easier to go on vacation.
Especially in cities, the availability and pricing of parking can be a huge factor in how popular property is, as many people own cars for use in their daily lives, and not every property comes with a garage or on-site parking!
These are the most important aspects to look into immediately when checking out a property, as they are often the first things people look at when creating a shortlist of properties to look at, but they aren’t the only things to look out for.
When investigating a property, you should also look for the condition of the building, looking for any cracks or signs of damp and mold. This sort of deeper look at a property will also train your mind to continue looking out for other aspects of a property that might affect its desirability and put you on track to knowing how to find fantastic properties.
Arguably one of the worst aspects of taking a cross country trip is having to find somewhere to stay, this is especially the case if you are taking a trip to DC. DC has a number of residential options for anyone that is choosing to take a trip to the country’s capital, however, it can be difficult to sift through the long lists of pricey hotels and inaccurately advertised Airbnb’s.
If you are someone that wants to make your trip special by choosing an interesting BnB or hotel, you will be faced with a new list of difficulties. It can be difficult to pick out a gem among all of the options and more often than not, the BnBs that advertise themselves to be a step above the rest never usually are.
Though obviously not everyone has the same expectations when it comes to finding a good BnB, we think that we have found the perfect BnB to quench that thirst for an interesting trip.
Though you may not have heard about it, Adam’s Inn has been operating in the heart of DC for the last 40 years and has gained a positive reputation among locals and visitors alike.
There is nothing more charming than the appeal of antique exterior decor, which oozes elegance along with that comforting feeling of being at home. The quaint reception area of the BnB automatically tells you a great deal about what you can expect from the rest of your stay. It really does feel like a second home, with friendly staff and rustic decor. You get that sense of ease that is often missed when staying at an uncomfortable and more expensive hotel, which automatically starts your trip on a great foot.
Walking into the Adam’s Inn feels much like walking into a time machine. This BnB has been operating for four decades and very little has changed in terms of decor within this time. The hotel is rich in solid wood upholstery which really adds a certain charm that harkens back to the classic American look.
For some people, this classic look may be off-putting as it suggests that all of the BnB’s amenities may be dated. However, this really isn’t the case as the BnB still offers all that you would expect in a modern hotel. There is a flat-screen TV in every bedroom which means when you get home from your busy day of tourism, you’ll have the opportunity to lie back, relax and watch some of your favorite shows. There is also free access to the internet within the BnB, which is a really convenient feature. This is especially the case if you are visiting from another country and don’t want to foot the bill of expensive data charges.
A really clever characteristic of the Adam’s Inn is maintaining the dated look of an American BnB, while also applying all the modern comforts that you could desire. An example of this being put into practice is through the beds in the BnB. The beds use the original frames in order to maintain a vintage appearance, however, they have replaced older mattresses with some of the best memory foam mattresses that are available on the market.
In such a big place like DC, location is everything. Local estate agents such as the house guys dc often talk about just how vital being situated in the right location is when staying or living in DC and Adam’s inn are able to boast a fantastic location without an extortionate price tag.
Adam’s inn is located next to everything you would need to see when in DC. One of their main attraction points is that the BnB is located within a close range of local zoos, which makes it the perfect location for any animal lovers.
If you are of drinking age you may be excited to know that the BnB is also in a prime nightlife location. There are dozens of bars and clubs located within a couple of miles of the hotel, so if you are someone that wants to see what the DC nightlife has to offer, then this BnB may be your best bet.
With property management becoming a very popular means for making money, there has been a huge increase in the demand for property management roles that can help you maintain your properties and manage your tenants. However, who you hire to be your manager is a very important decision to make especially if you plan on taking a step back in terms of your own involvement. The great thing about owning property is that after a while you are able to sit back and delegate responsibility to another person, ensuring you hire someone trustworthy and capable of running things to the best of their ability is paramount to your success and profit.
Interview / Application Process
My advice would be to start with an initial interview where you can screen potential candidates and have some face to face interaction where you can gauge whether or not they would be a good fit for a property management role. Things to look out for would be confidence, how the person interacts with others and it may even be a good idea to ask about any property management ideas they may have. Prior to an interview I would advertise the position locally and request an application, this allows you to get background information about your prospective manager and gives them the opportunity to show off any qualifications or experience they may have.
This is a great way to screen your property manager as you have the opportunity to find out about their personality traits, experience in management, and whether they would be a good fit for you and your tenants. Another thing to bear in mind would be to avoid focussing on previous experience too much because although it is important, there are other traits that can contribute to someone being more suitable for the job.
Deciding on the Jobs Roles
Within the role of manager, there will be many responsibilities that your candidates will have to be aware of before their employment, I would recommend that you make a note of the most significant tasks your manager will be expected to do to ensure you are as clear as possible of the expectations of the job. A property manager will be expected to do a number of things, and because it is such a demanding role you should make sure your candidate knows exactly what is going to be expected of them before you decide to give them the position. A property managers role can entail a number of things including:
One of the most important tasks your property manager will have to be particularly efficient with would have been the management of your finances including ensuring everyone’s rent is paid on time and correctly. As well as organizing rent your manager will be responsible for the costs of running your properties and ensuring bills, repairs, and other payments are all paid and monitored to ensure they are right. Financial skills would be a very valuable aspect to have within your property manager but, in cases where this isn’t possible or if you had a candidate who was promising but lacked the financial skills you may have to think about finding the best wealth management company, in order to ensure your finances are effectively managed.
Communicating with tenants
As previously mentioned, if you are somebody who is planning on taking a step back from managing your property, your manager will become a direct communication link between owner and Tennant. This means your manager will definitely need to be able to communicate effectively and professionally to make sure you have the best relationship with your tenants. The interview process would be a great place to check on how your candidates interact with others and provide the opportunity to test what their responses would be in certain situations. If your tenant has an issue with the property your manager will need to be able to provide a satisfying solution as quickly as possible, this occurrence can be very stressful so you are going to want to hire someone who can keep a level head and deal with issues effectively.
Another responsibility your property manager will need to have is being extremely organized, especially if you are the landlord for multiple properties it is vital any documentation is kept safe and separate from your other houses. In the event that this documentation is required, there is nothing worse and nothing more unprofessional than struggling to find what you need in terms of the necessary documentation.
Testing in the field
Finally, one of the best ways to test if a person is right for the role of your property manager would be to offer them a trial period in the job role. By offering your candidates the opportunity to prove themselves in a real-life situation gives you the best idea as to how they would react if they were successful. I would start small with jobs like organizing your property documents, speaking with tenants, or showing people around a property so they can show some if they have some of the fundamental skills needed for the position.
This is one of the best screening methods as you will very quickly and very easily be able to see how well they would do, I would look out for traits like confidence, a positive attitude, and enthusiasm and hopefully, you will be able to find the very best property manager for you.
Whether you’re hoping to downsize or upgrade your living situation, one of the most important things you’ll need to do is sell your previous home. With everything that’s been happening in 2020, most of us are looking forward to a fresh start. It may be hard to think of now, but plenty of people have chosen to write off this year and plan ahead for next year. 2021 is going to be a fresh start for many people and there are all sorts of things you can do to make 2021 the year you get things done. Have you been dreaming of moving into a new house but have been so dismayed by this year that you haven’t had a chance to start planning? Well, never fear. Not only is there plenty of options out there for you to look at, but there are also so many resources for you to get the best price for selling your current home. If this sounds like you then listen up. It may sound like too much work or it may just seem like a massive step to take, but with these tips, you’ll be well on your way to making 2021 the perfect year to sell your house.
Make Sure to Do Your Research
Selling your home can be a daunting experience, especially if it’s your first time.
But one of the main things you need to do if you’re hoping to make some money back on selling your home is to do your research. There are a number of steps involved to ensure the selling of your house runs as smoothly as possible.
If you’re looking to get a handle on your home-related finances but aren’t sure where to start, get in contact with Blutin, they offer up a whole bunch of financial services including finding the best rates for mortgage loans so you can have your dream home whilst you wait for your old home to reach a hefty profit.
Many people aren’t aware of the complexities involved in selling a home, but there is any number of resources out there to help make sure you’re getting the most out of your efforts. Make sure to get a few appraisals to get a more accurate representation of what your house is worth and then why not also have a look online for some tips to improve the profit on your current home.
Don’t Put All of Your Eggs in One Basket
One of the most important things you’re going to need to remember is that you’re going to need a new house to move into once your home is finally sold. In all the hustle and bustle and excitement of selling your home, you’d be surprised how many people actually forget to look for a new home. Whilst it can often take a lot of time for houses to be sold, you may actually find that once a buyer is interested, the property may be swept up quicker than you imagined. You don’t want to be left temporarily homeless and only be searching for your new dream home on the side of the street after handing off the keys to the new owner. Be sure to begin researching for your next home long before you decide on putting your house on the market.
Don’t get complacent when you decide on a home as well, as you’ll soon find out, things move quickly in the property market, so it’s probably wise to have a long line of contingency plans in case your dream home gets snatched up before your house is sold. As long as you keep on top of your research you’ll be sure to find the perfect home for you to move into once you sell your house. Luckily, if you’re not sure where to search, there are any number of property sites online that are specifically tailored to Australia. There are always plenty of like-minded people looking to sell their homes, so you shouldn’t have to worry about not finding a place. It may also be worth getting in contact with the sellers and explaining the situation, they may be willing to hold the house for you if you’re almost finished selling your own house.
Property Management and Real Estate are two separate industries that are often summoned up as one. People who are unaware of the differences go ahead to classify the same as one based on certain forms of overlapping. Due to this mix, the truth of the matter will be hidden, i.e. the differences. So to put an end to these misconceptions, we are here to talk about the significant differences that underlie both these industries. Hence, go ahead and keep reading to know more.
1. The Process
When it comes to the process or the entire mode of functionally, the real estate industry goes ahead to deal with listings and selling of properties. This particular task is done on behalf of the owner as a move to facilitate the entire process and make things head in the right direction. On the other hand, property management deals with the management aspects of the property. For example, if there are repairs, tenant issues and other maintenance problems, then the management will enter the picture in order to clear things out. This is also done on behalf of the owner.
2. The Relationship
The kind of relationship that you share with a real estate agent and a property manager tends to differ for a whole bunch of reasons. Real estate agents are here to facilitate the process, and anything above the same will not fall under their list. As a result, the relationship that you share with a real estate agent will be transactional, and once the purchase is done, the deal will be completed. But the process or the relationship with a property manager begins soon after purchasing a particular property.
Yes, that’s right. The duration of the same is longer, and they extend their support to the overall development of your property. From looking into small details, they go further into managing massive forms of repairs that need the touch of a professional. As a result, this long term relationship is contractual, and a percentage of the rent is paid to the property manager.
3. The Industry
In terms of business, both these industries come ahead to quote different terms as their transactions are also quite different. The property management industry is relatively vibrant and carries on the process without facing constant changes like the real estate industry. While the value of a property either remains the same or goes up, the real estate industry at times enters a slump. Due to that, both these institutes offer different sets of opportunities, in case you’re looking to start a career. So analyse both these differences and utilise the knowledge for all the right reasons.
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