Posted on March 22, 2021 by Ann Bugejar
Last updated: Mar 22, 2021 00:38

The Perks To Buying A Second Home

close up young man hand press on calculator to check and summary expense of home loan mortgage for refinance plan , people lifestyle concept

While it might sound like a daunting task, it’s not necessarily the worst thing to do. In fact, it can result in multiple benefits that can help you in both the short and long-term. We’re talking about buying a second home.

Before you panic about the stresses of owning a second mortgage or having to pay off that huge debt, it would help to know that many perks come with it.

With the assistance of real estate agents Coldwell Banker Camrose, we highlight four benefits that come with buying a second home.

The Four Perks of Buying a Second Home

Pros: Rental Income & Asset Building

One of the biggest pointers of a second home is bringing in additional cash flow while building a strong asset base. Although you have to use the rental income to pay off the second mortgage (and in some cases, pay a little more into it), the added cash flow can generate revenue that can be used to subside your mortgage, or even more if you can rent consistently. It’s a smart way to set your future, so when the time comes, you’ll have income flowing into your pocket with an additional house to your name.

Pro: Potential Appreciation

A second home is a sound investment that will pay-off in the long-term. Homes always build up in value and rarely drop in value (unless pandemics or global crashes happen), so when you put down a second mortgage, that will come up good in terms of your investment portfolio. You’ll always find that your second property will add more to your future wealth.

Pro: Tax Benefits

Many tax perks come with a second home. If you buy a second home, you might be able to write off interest on your loan payments (if you exceed a specific amount of money). You can also be able to write off renovations and additional changes to your second home. If you plan to use your second home to generate rental revenue, you also may be able to deduct a portion of any rental-related expenses come tax season. So despite spending more in obtaining your second home, you can make money back from it through the tax.

Young woman holding the key to her new house. She is smiling and happy. They keyring is shaped like a house. The house can be seen in the background.

Pro: Vacation Home

There’s nothing better than enjoying a vacation – to your own place when you want to! A second home can act as a vacation house, giving you ample time to enjoy your leisure time. You may find this more convenient than renting out homes or hotel rooms (which will cost you way more than expected) while finding it more convenient and comfortable to your liking (as you will be able to customize the place to fit your family’s needs and tastes. The best part? You have a second home where you can visit at a moment’s notice for a nice break.

Pro: Flexibility In Where You Can Live

Imagine if you need to move houses and need a place? What about if you’re undergoing renovations and need to move for a few days? Or in case you need a few days for yourself. That’s the perks that come with having a second home; it can come in handy when you have to move out for a few days for yourself. Even when you don’t live in the home, you have the flexibility to allow other family members to stay there. It’s a fantastic opportunity to make your life easier.

Start Your Search Today

Now that you can see the advantages of purchasing a second home, you can begin the process of finding one. Just remember a few key facts before you start your search:

That you have the financial capacity to do it
That you won’t overwhelm yourself with the added debt
You get help from expert realtors to help you with your search and purchase

We wish you best of luck in your search!

Posted on January 27, 2021 by realtyWW
Last updated: Jan 27, 2021 09:29

Debunking the Myths about Property Investment in Melbourne

Beginning your journey in the world of property investment can be intimidating. To be successful, a property investor has to be on their feet all the time, making meaningful investments before they go out of their hands. If you reside in Melbourne, then property investment might be a great business to start due to its diversity in suburbs. Also, the statistics showcase that in 2021, Melbourne might experience a positive growth in property investment.

As a newbie, there is a lot that you need to know before you step in the industry. There are so many myths related to property investment that they can easily hinder your growth. Thus, we have a guide to property investment in Melbourne which debunks all these meaningless myths for you and guides you the right path. Let’s begin.

Every other person is a property investor:

Yes, there has been a significant rise in people who have bought property in Melbourne, over the passage of time. But they are not all “investors”. They are normal people, buying new homes for themselves. Very less people opt for property investment and even few people who are actively building their portfolio in this industry.

You will get rich overnight:

There is a huge income scope in this field but never expect an immediate profit in it. If you are stepping in property investment to get rich within a month; don’t opt for it. You will have to buy and sell several homes before you can actually enjoy the profit for yourself. You need a lot of time, patience and consistency in property investment.

Only rich people can invest in properties:

We all have heard this myth, haven’t we? Partially, it might seem true. You cannot invest in a house if you have really low income. But stats show us that people who earn less than $100,000 are also investing in houses in Melbourne. You can also get a loan to get started.

Every Property value goes up:

The bitter reality is that it doesn’t. Many investors take advice from experts who let them know the maximum value that might increase of the property they are planning to buy. This is one of the most common myths and thus beginners invest in properties blindly. While investing, you must look into things like ongoing maintenance of the property, potential costs that you will invest in upgrading and management fees etc. Then evaluate the value that might increase and in many cases, it wouldn’t be much.

Banks do not approve investment loans:

Many banks in Australia do not approve of them but there are always options. Thus, explore before you believe in this myth. You will definitely find your best bet.

There are so many more myths that become a hurdle for success, for beginners in property investment. We hope that these bring some clairty for you.

Posted on January 21, 2021 by Rudyard
Last updated: Jan 21, 2021 10:51

Is 2021 the Right Year to Buy Property in Canada?

By any measure or metric, 2020 was a pretty tough year on practically everyone. With all the many business closures and unemployed people, there was a whole lot of anxiety and suffering going on out there, which leeched its way into the housing market and nearly caused a collapse. If not for timely stimulus spending and federal benefits to help prop the market up, 2020 would have made 2008’s collapse look tame, according to most experts. Though, what is the state of the housing market in 2021? Although we’re not very far into the year, we’re seeing a relatively strong market out there. Many more people are considering buying and selling homes, and the old market principles of supply and demand seem to be picking up. However, some experts warn, and many people fear that this is just confidence, and that the market is actually going to suffer when we get into spring.

For people looking for houses for rent and to buy or sell their homes, they are really concerned about if now is the right time. After all, if you were to do something risky financially and the bottom falls out of the market, it could break you financially. Or it could at least set you back unable to find or sell a property. So, let’s answer the question on whether or not 2021 is the right year to buy property in Canada.

Yes, 2021 is a Great Year for Property Buying

By all accounts, and all the data available so far, 2021 is the right year to buy property. Now, that is in no way a prediction that the market is going to stay strong throughout the entire year. Though for right now, and for the foreseeable future, the market is looking pretty tough. This is because the housing market decided a few months ago to start really putting its foot on the gas, irrespective of what the government was doing. Private and public lenders, people buying and selling homes, landlords, and other parties took it upon themselves to act as if it were business as usual, and this really kick-started the market heading into 2021.

So while no one knows what the future holds or how things will pan out over the next 11 months, things right now are looking solid for 2021 being a great year to buy.

Why This Year is Good for Buying Property

Banks Want to Lend

The first reason that 2021 is a good year for buying property is that banks actually want to lend. You might not think so, considering the reputation that banks have of being very tight with their money, but they’re not making money unless they’re lending it out. So they are looking to hand out mortgages, along with other mortgage lenders in the market. Of course, they’re not operating a charity, and one still has to be qualified to get a loan, but the fact is that they’re eager to loan money to get the market thriving. This is a very good sign for the year.

The Market is Rebounding

The market overall has rebounded in a big way from the height of 2020’s pandemic, and it’s still going up. More and more people feel a lot more confident about selling their homes. This means a lot more people are fixing their homes up, which is helping to drive the value up, and homes on the market are more appealing to more buyers. All of these things are inspiring confidence and really helping the market stay strong so far into the year.

More People are Selling

There are more people selling their properties, which means there are more houses to buy and houses for rent out there. One of things that was holding the market back last year was the lack of properties. People wanted to buy. People wanted to move and wanted a change, but there wasn’t a whole lot available. With a lot more properties available this year, it’s a great time to buy property. And acting sooner rather than later would be smart, because if the market keeps rebounding throughout the year, the prices are going to go up a lot more. Getting in now will save you a lot of money.

No one can tell what the future holds or how the market will act toward the end of the year. But all signs indicate that 2021 is the right year to buy that property you’ve been wanting to buy. A good property management company can help assist you with this.

Posted on December 22, 2020 by Rudyard
Last updated: Dec 22, 2020 05:10

How To Choose The Best Real Estate Agent In Laguna Niguel, CA?

Searching for the top real estate companies Laguna Niguel, CA? Some relationships like a real estate agent and a homebuyer are undefinable, it is right only when said together. Most people today prefer the purchase of a home with the aid of a real estate agent. The purchase of a new home is considered serious when you are readily picking up the real estate agent which should mean that you are ready with the down payment or your loan has been preapproved by the lender. The next step is to find the right real estate agent in Laguna Niguel CA as it is no simple job to buy a home. And it is equally no simple job to pick the right real estate agent for your needs in the large ocean of real estate companies. Continue reading →

Posted on December 17, 2020 by Alicia Lopez
Last updated: Dec 17, 2020 09:42

10 Things to Do Before Buying a House from A Real Estate Agent

10 Things to Do Before Buying a House from A Real Estate Agent

Buying a house requires proper preparation, both mentally and financially. The time and effort spent are sometimes underrated. Here are 10 things you can do before engaging a real estate agent in order to make your home buying experience as smooth as possible.

1. Know the Value of the Home

It is advisable to work with real estate agents who have the correct knowledge of property market values. Homes are pretty expensive. You do not want to incur any extra costs. Continue reading →

Posted on November 10, 2020 by realtyWW
Last updated: Nov 10, 2020 09:59

Coolum Beach Real Estate – 3 Reasons to Buy A Home Here

Ever thought about relocating to a seaside town with white sandy beaches and clear blue water at your doorstep? There is a place such as this that has recently been on the high-demand list of many looking to buy property, and this magnificent place is called “Coolum Beach”. This beachside town, with its coastal suburb, is part of the famous “sunshine coast” – the region of Queensland, in Australia, and you can get a brief idea of the geography of this place here.

Whether you are buying or renting a place in this prominent town, you will reap the benefits of every cent you spend on it. It is not very hard to persuade anyone to move to this location, but for those who have not heard about it, we will include 3 good reasons in this article for you. So, if you have no inkling about how much real estate costs, and what to expect from the surroundings, or what’s on offer here, keep reading to find out more.

What Coolum Has to Offer You

There are a few significant factors that would make or break anyone’s decision related to relocating, these can include anything from sights and activities to healthcare and transport options available in the area. This laid-back beach town offers some of the best activities one could ask for, counting its natural beauty coupled with a choice of prevalent independent cafes, walking trails, and prime eateries, to the most obvious attraction – the white sandy beaches and warm clear blue water.

Mount Coolum. Once you get there, there is no turning back until you’ve climbed Mount Coolum. The magnificence of this giant provides an unmissable striking backdrop that sits inside its own national park, where you can take a built trail to the top through bushland and lush forestry, and after your enjoyable 1.6-kilometre hike, and when you’re on the top of the mountain, the view from there is gorgeous. An experience not many have the opportunity of seeing ever in their lifetime, and if you don’t believe us, get a glimpse of this on their local website here: https://www.visitsunshinecoast.com/climb-mount-coolum

Local residents enjoy everything about this trail and use it in the daily morning routines. A quick walk around the base of the mountain and you’re ready for everything the day throws at you. Have a stroll at sunrise or sunset and set the pace for your new home any way you like.

Eateries and Local Cuisine On offer. One of the best things about living in coastal regions is fresh seafood. Who doesn’t love a fresh-caught lobster with garlic butter and lime drizzled over, with a glass of superb sparkling wine for dinner? A must-try is their variety of cafes and restaurants all laid around the edge of the beach with superb views of the sunset.

Places include seafood assortments, tapas bars, beach bars with cocktails, Thai cuisines, and handmade fresh gelato ice-cream with flavours ranging from berries to bubble gum, coffee and varieties of freshly-made desserts.

Healthcare and Education. We bundled these two together because they are both just as important as the other. Besides the fantastic healthcare facilities offered at the Coolum Beach 7 Day Doctors and Coolum Beach Medical Centre, there are a choice of other medical facilities so if you need anything from a doctor to a podiatrist, physio, dentists, optician or pathologist, these are all available within a few short miles in the town centre.

If you’ve got children, this is an outstanding place to live and make new friends, not because of all the above points but also because both the Coolum State High School and State School are in the area and close to each other. With an average top age of between 0 to 19 years, your kids will meet lots of new companions on their daily adventures.

There are also many day-care centres for toddlers when the parents are at work. If you’re into music and singing or learning a new language, this too is offered nearby and can be accessed by those of all ages.

Over recent years there has been some significant development taking place in this town, mainly because the demand for people moving there has increased. There have been several expansions including holiday apartments and complexes to cater for the high number of tourists visiting each year. So, even if you’re not sure about it, and want to start by taking a gander and going on holiday for a few days, booking yourself into once of these is very likely.

Otherwise, if you are convinced that this will the place for you in 2021, you can get yourself a local estate agent to help you out, such as Rouse Realty, and grab yourself one of the luxury hilltop houses that overlook the ocean for a median value of about $541,094 depending on the type of place you are looking for. You can choose between a semi-detached space or a House or single unit perhaps. If you prefer to rent one out for a weekly median rent of about $435 this can also be done and with jobs that are in abundance, and offering an average weekly income of $700, you can save up for a boat!

Trade and technical positions are popular choices for most residents. You can work in many different positions such as a manager, technician or trade worker, or administration and clerical services. Perhaps sales are your thing? Not a problem in Coolum. This sunshine coast does offer everything, and even the choice of shopping facilities is endless if you think you won’t get any of the big-name retail brands here, think again. Groceries, too, are an easy peasy walk down the road, with plenty of independent food stores.

Lastly, if you don’t own a vehicle, the public transport system can pick you up from various stop points, and from the airport, it is a convenient 10-minute drive. Even if you are considering a perfect retirement place for yourself and your spouse, what more could you ask for from such as laid-back holiday town?

Posted on October 17, 2020 by realtyWW
Last updated: Oct 17, 2020 09:11

Buying A Home in Norman? Why You Should Hire a Realtor

For anyone looking to buy a home in Norman, handling such a big transaction can be overwhelming especially if you’re not familiar on how it works. From finding the right place to knowing what paperwork is involved and legalities, visiting ten different house viewings in complete opposite areas in one day, these can be a bit of a headache and time-consuming process. This is why the majority of the states in the USA, including central Oklahoma, offer professionals who can do all of this for you, and more.

They are known as – Realtors.

What is a Realtor?

These individuals, who are also knowns as real estate agents, are typically certified members of an appropriate authority, such as the National Association of Realtors (NAR), and which they need to abide by their standards and policies. They also need to be fully aware of the association’s code of ethics at all times. This profession is not limited to only the real estate services but can also extend to other facilities such as sales, property management, appraisers, and commercial or residential brokers. Further about this can be found online.

Out of all the 1.4 million members across the USA, over 60% of them are licensed agents. This may sound surprising, but it is good to know that not all of them will be licensed and make sure to verify this first before working with someone. As mentioned above, they need to abide by the code of ethics too, this means they need to be honest and transparent when working with clients and have their best interest at heart especially during transactions.

In terms of how the services provided by these agents will help you when looking to buy a new home, the below information will give you a good idea of how they can lend a helping hand.

How A Realtor Can Help You Buy A Home

In today’s world, everyone is looking to cut costs at every chance they can get and the property market is no different. With the recent economic instability and volatility of both buying and selling prices of houses, one can get very confused as to when is a good time to buy, where to do it, or how to go about doing it.

This is why hiring some help is the best thing to do, and the much quicker and easier option if you are looking to buy a place fast. One can take a look at some of the advantages of hiring them here: https://home.howstuffworks.com/real-estate/buying-home/10-benefits-of-using-a-real-estate-agent.htm There are tons of benefits they can provide you, and we will mention 3 of the most common ones below.

They Are Experts in Pricing and Negotiations. Of course, this is one of the main decision drivers when buying a house – the price. Agents are professionals in their field because one of the things that they can do, that many cannot, negotiate an ideal buying price for the property. Dare we say an “unemotional negotiation” at that.

This is because they know what to look for, and can tell how much a place is worth just by viewing it. They can easily tell you whether something is overpriced or under-priced, and this is a huge advantage because they won’t need to show you tons of different places but instead, will go with a few specific ones based on your budget, cutting the viewing times in half in comparison to if you had to do this yourself.

They Are Geniuses at Paperwork. Seeing as they may have been doing the same thing dozens of times and selling and buying properties for their multiple clients, they are possibly the best people to handle all the paperwork too. A lot of the legal jargon can be difficult to understand, and they are there to explain everything to you so you know what you’re signing.

These types of transactions can have a lot of paperwork from solicitors, mortgage brokers, homeowners, you name it. To add to the pressure, often the offers from homeowners selling their houses can have limited time or cut-off date, which means if you like the place you need to move fast through all the paperwork, and who better to do this than the ones who are in the business of it?

They Are Experts at Codes. Those who buy property sometimes wants to do some renovations to it, either in the front yard or the roof, and even the sides of the house to make it larger or add extra features.

There is nothing wrong with doing this, except that, depending on which city you live in, this may or may not be allowed by the planning permission of the region. Services such as The Stiles Company – Norman Realtor, for instance, will know the codes of these local zoning regulations, and it can be difficult for many to understand on their own, let alone know about.

Even things such as building a fence around the grounds, need to be approved before any work starts, and the agents know all about this and can help you choose the one that allows you to build a home from a house.

As you can see, there are a few things that will make your life a lot easier if you hire a realtor to deal with your preferences, rather than straining yourself to do so.

Posted on October 10, 2020 by Amelie Lawrence
Last updated: Oct 10, 2020 08:30

Know The Signs Of A Good Realtor

Investing in property is always a great idea. You get a roof over your head and the security that if cloudy days come, you will have something to fall back on. But what if you get stuck with a bad property?

Bad Fruits All-Around

Bad property investment can be a very big problem. And, like a single rotten fruit that can ruin the entire basket, a bad realtor is the core of the issue. Instead, use WC Valuers to improve your property valuation company. Continue reading →

Posted on October 8, 2020 by realtyWW
Last updated: Oct 8, 2020 14:20

How to Become A Property Investor

There is a big difference between being a landlord and being a property investor, and this is something you should ask yourself when thinking about buying property. The other aspect to keep in mind is the “why”. Why you want to be a property investor is important because you can decide if its to add some extra cash to the end of the month or to become financially free or perhaps to save for your children for their future.

The good thing is, you can be both landlord and investor. The difference however is that landlords have to deal with tenants constantly, chasing them to pay rent on time, getting things fixed, and upgraded, click here to find out more details about this. On the other hand, if you are an investor, the difference is that you typically hire someone to do this for you. Somehow the second option seems less of a hassle, so we will divulge a little more information on this option.

Becoming A Property Investor

Something as big as this investment will most likely take some time depending on your budget and how much cash on hand you have plus if you still need to apply for a mortgage or not. Although it doesn’t happen overnight, once your ready, there are a few tips that you may find helpful. Keep reading to find out more.

Tip #1. Buying an Apartment Over A House

Historical, apartments and flats have been seen to have a better return of investment https://www.bmmagazine.co.uk/in-business/how-to-become-a-successful-property-investor/, if you invest in a house, you will no doubt make a profit, however, the apartments will make a better option for the “Buy To Let” market, and more so in popular areas where they will have a higher demand.

Tip #2. Go for The City

The highest rental yields, will most often come from city centres. Besides this, because of the multiple educational institutions, medical facilities schools and retails stores, the demand will always be higher than in the quieter rural areas. This makes for good student accommodation as well. If you are inclined to go for that audience.

They may be slightly higher in price than other areas but they will also sell for just as much or even more. All the aspects including the transport links, accessibility, all work for it as opposed to against it.

Tip #3. Knowledge Is Power

Ever hear the saying “knowledge is power”, well there is no better-suited scenario than in becoming a property investor. Gaining knowledge on the local areas, especially if you are a first-time investor will provide you a pathway to better investing. As the experts at Thirlmere Deacon will tell you, you can buy a property and get it renovated and still reap the benefits when you sell or re-mortgage it. The right knowledge will help put the structure in place for future purchases.

Tip #4. An Off-Plan Property

One can even gain some momentum from an off-plan property. This may sound like a risky endeavor, however, even though something isn’t fully constructed yet you can easily get an early bird deal, which enables you to pay half the price it would have been once construction is complete. One can easily use VR technology to see what it will look like when finished. You can gain large amounts of capital appreciation in just a few short years.

Tip #5. Low Mortgage Rates

As mentioned above in Tip#3, knowledge is power, and those who do their homework the first time around can turn 100,000 into a million pounds instantly. The strategy you create will work alongside low mortgage rates. Some cities can do that for you, places such as Leeds or Liverpool for instance, have much lower property prices than for instance a place such as London. Buying cheaper and slightly away from cities may be a good idea for your first assignment, and to get a feel of things.

We hope that the above 5 tips will help you not only decide if it’s the right investment for you, but if you have made up your mind, that it helps you get closer to becoming one of the best property investors around the globe! Happy hunting.

Posted on September 28, 2020 by Rudyard
Last updated: Sep 28, 2020 07:36

What to Look before Renting an Apartment in River North, Chicago?

River North is a diverse neighborhood with its lively culture. The place flourishes luxe shops and eateries, with elegant and rich nightclubs and marvelous bars. The sprawling Merchandise Mart allures many purchasers and office design showrooms for starting a new business. If you have already decided to start your new home in River North, then this is the ultimate guide for finding the right apartment for you and your family. Continue reading →

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