10 Great Places to Buy Real Estate Overseas

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Finding properties at bargain prices in the vibrant US real estate market is nearly impossible. Over the past few years, the cost of housing has been steadily increasing. In fact, in some areas, homes are more expensive than they were in the heyday of the housing bubble.

However, if you are an investor, retiree, or adventurous buyer looking to increase your real estate portfolio, all is not lost. Have you considered buying property overseas?

Why Buy Property Overseas

The primary reason why some homebuyers are looking at overseas property options is cost.

Investing in overseas property markets can be lucrative and less cost-prohibitive than in the US. Moreover, some overseas markets are experiencing rapid growth. As a result, buyers are likely to recoup their investments in these markets faster.

Interested in buying real estate overseas? Here are 10 vibrant markets that are likely to produce a larger return on investment.

1. Panama

Panama is an attractive real estate investment destination for international investors. You can put your money in two particular areas: rental apartments or agricultural opportunities.

Resale transactions have slowed down in Panama City, and the trend is expected to remain the same over the coming year. This is an opportune time for investors to buy on a dip.

2. Turkey

Turkey has been enjoying strong economic growth, which is fueled by an increase in the number of tourists coming to the country over the last few years. In fact, in 2018, Istanbul was the 9th most visited city in the world, ahead of big names like Los Angeles, Rome, Barcelona, and Berlin.

International investors will find an easy footing into Turkey’s real estate market thanks to the low barrier of entry. Rental units in this market are within reach of most investors’ budgets.

3. Brazil

The property market in Brazil has something to offer for all types of investors.

For low-ball real estate deals, you should focus on the Fortaleza area. This coastal region is swamped by millions of tourists all through the year, and you’ll do well with rentals targeting the local holiday market.

4. Belize

If you are not into international beach property investments, check out the Cayo district of Belize. This mountainous area has lush jungles, and the prices are quite low compared to prices in areas such as Ambergris Caye. At Cayo district, you can snatch two or three-bedroom houses for less than $100,000.

5. Dominican Republic

Investors interested in real estate in the Dominican Republic should focus on the capital, Santo Domingo.

The last few years have seen the Dominican Republic’s economy steadily growing, largely due to direct foreign investment. Santo Domingo is the gateway of the country, and business travelers pass through it every day. You can cater to the needs of these travelers by offering furnished apartments.

6. Nicaragua

In Nicaragua, Granada offers great opportunities for real estate investment. The city’s rich history, low cost of living, and fine weather make it a coveted stop by visitors and residents. You can buy historic homes in the city and convert them to rental condos.

7. Portugal

Portugal’s property market has been steadily improving since 2014. For example, some areas in Lisbon have seen a dramatic increase in the price of real estate, compared to what would be considered their market value. However, there are still places around the city that offer good value and opportunity for ambitious investors.

If you want to dip your toes in the country, start by looking for renovation projects in the Port region north of Lisbon and along the country’s Algarve coast.

8. France

In France, Paris is the city to buy prime real estate at bargain prices. Like is the case with all markets, prices fluctuate now and then. However, owning a piece of Paris is one of the surest ways of building long-term wealth.

Buying real estate in Paris is also attractive because of France’s financing rules. In the county, foreigners are eligible for in-country financing. Moreover, with interest rates of French mortgages at a historical low of 2%, no other real estate market in Europe is as attractive.

9. Mexico

You’ve seen the drug cartel wars in Mexico but this should not dampen your spirit for investing in the country’s real estate market. Mexico has robust local tourism driven by its expanding middle class. This is one of the factors that make the country a great choice for investors interested in rental properties.

Some of the markets to look at in Mexico include Playa del Carmen on the Riviera Maya and Puerto Vallarta on the Pacific coast.

10. Italy

The Abruzzo region of Italy is an untapped region for international investors looking for real estate. Italy’s real estate market is vibrant, and prices are quite affordable compared to other leading European countries.

Abruzzo presents a great opportunity for real estate investing thanks to its vibrant cultural festivals, delicious foods, and outdoor recreation.

Investment Property 101: Practical Tips for Succeeding as a First-Time Landlord

Investment Property 1

Investing in properties you can rent out and make additional income from sounds rather easy in theory. While there’s no arguing that real estate investing is a very lucrative business, being a rental property owner isn’t as simple as showing up every month to collect the rent.

In order to succeed as a property investor, there are some key factors to keep in mind as things can get rather challenging. Here, five tips for first-time landlords that will help set you up for success in the world of real estate investing.

Know the rental laws in your area

First things first, before you’re able to put up a “for rent” sign for your apartment, you want to make sure that you understand your rights and the rights of your future tenants. For starters, first-time landlords should read the Fair Housing Act and make sure they understand the process of eviction before they accept any applications from potential renters.

Rental laws vary from city to city, so you want to make sure you get familiar with laws that apply to your area. This should be your top priority as it will help you protect yourself while also avoiding any fines and liability – issues that could emerge if you don’t adhere to certain housing laws.

Select the right property

Investment Property 2

Finding the right property is a vital step in the process, and it involves some serious market research. This isn’t an easy task, especially if you’re new to the real estate business and don’t know what to look for in a property.

This is why it pays for first-time landlords to find a reputable property investment company in the area that can help them select the best property for their needs while avoiding some common rookie mistakes along the way. Working with the experts in the field will ensure that you get valuable pieces of advice that will save you time and money in the long run and help you start off in the black instead of red.

Advertise your rental property online

Once you’ve selected a property you plan on renting out, it’s time to tackle the marketing part of the process. Most renters go online when apartment hunting, so it pays to post your rental on one of the apartment listing websites. Take some time to come up with an eye-catching and impressive rental listing description to ensure you attract more potential tenants to your page.

Add as many photos as you can, provide enough information for your listing, and make sure to include basic details such as the location and rent price. Don’t completely forego the traditional way of advertising either. Have your friends and family spread the word and print out flyers you can use to market your rental unit and increase your chances of finding the best tenants for your rental property.

Tenant screening is a must

Now that your rental listing is online, you can anticipate rental applications. Whether you’re a seasoned property investor or just starting out in the real estate business, your main goal should be to find trustworthy tenants whom you can trust enough to hand them the keys to your property. For that to happen, you will have to perform extensive tenant screening to ensure that the individuals you’re working with are people you can get along with.

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That means conducting a criminal background check, running a credit check, as well as getting references from tenants’ previous landlords. You also want to make sure they can pay the rent on time and whether they agree with all the lease terms. Always perform the screening, no matter how reliable the person may seem, what car they drive, or how much they make as this can save you a lot of hassle in the long run.

Make sure you have a written lease agreement

Aside from making sure you rent to the right tenants, you also want to make sure that they sign a written lease agreement. As stated in the previous tip, as trustworthy your prospective renters may seem, you need to remember that this is your business, and as such, you want to minimize and eliminate any risks when it comes to rental property use.

Trusting the other party to comply with rules that aren’t written or documented in any way simply isn’t the right approach for a first-time landlord – or any landlord for that matter. Even if you’re renting to a friend or an acquaintance, always have them sign a written lease agreement. That way, they’re obliged to abide by the rules and ensure their actions are in line with the conditions stated in the contract.

Property investment is a profitable business, no doubt about it. However, make no mistake – being a landlord is a full-time responsibility, contrary to popular belief of it being a source of passive income. There’s a lot of things to consider, and the to-do list is quite lengthy. But if you manage to lay the groundwork, you can hope to reap the rewards later on.

3 Best Countries for Holidays to See the Northern Lights

“Escape to the divine spell of ‘Aurora’, the Roman Goddess of dawn and ‘Boreas’, the Greek north wind.”

All about Northern Lights

An aurora sometimes referred to as polar lights or northern lights (aurora borealis) is undoubtedly one of the most spell bounding natural gifts to countries like Iceland, Finland and Sweden. It is a display of natural light in the laps of the Earth’s sky , predominantly observed in the high latitude regions such as Arctic and Antarctic. Now before taking you to the enchanting world of Aurora in the three famous countries, let us briefly explain you the cause behind this beautiful natural phenomenon. Auroras or Northern Lights are nothing but the result of disturbances in the magnetosphere caused by solar wind.

Northern Lights

Explore the Northern Lights

Many people who have been fortunate enough to experience the elusive Northern Lights will definitely narrate you its beauty. Those who have not yet got lucky to observe the colorful dancing display in the night sky get ready to book your tickets to have an experience of a lifetime. Here are the three countries that promises to gift you a treat to the eyes by their spectacular Aurora which you will definitely crave to preserve in your hearts.

1. Iceland

Iceland is our winter wonderland where we can experience the magnificent dancing lights twirling before us along with the snow covered waterfalls at every corner. Th Northern Lights are one of the biggest draws to visit the snow clad country. But it being, a natural phenomenon is quite elusive and unpredictable.

Northern Lights in Iceland

So plan your holidays from late-August to mid-April or from September to March, when one enjoys the maximum chances of experiencing the dancing lights. There are a number of tour operators offering late night sightseeing excursions from Reykjavik and they are expert in hunting the best spots from where you can explore the Northern Lights which reveals its beauty in the darkest hours.

2. Finland

In Finland, our favourite Northern Lights can be viewed easily in a range of evidently built spaces from glass igloos or luxurious suites. They are visible on usually 200 nights or every other clear sky in the Finnish Lapland. You can opt for the traditional ways of Aurora spotting such as snowshoeing, cross country skiing or snowmobile or sledge dog touring. This will also enable you to experience the oldest traditions of the country. If the chilling weather is not your thing completely, then Finland also has certain comfort zones for her tourists.

Northern Lights in Finland

The Arctic Treehouse Hotel, Rovaniemi, Kemi Seaside Glass Villas by the Bay of Bothnia and few other hotels or villas have been established for the increasing tourists. So whether you are a lover of the crispy chilled weather or simply seek a warm corner to experience the jaw dropping phenomenon, Finland never fails to welcome you with all your requirements.

3. Sweden

You can also head to Swedish Lapland between early September and late March to see the beauty of Northern Lights. The large expanse of land in the northwest corner of Sweden welcomes innumerable visitors during the long winter nights to witness the incredible light show of Aurora.

Northern Lights in Sweden

If you are planning to visit this majestic part of the world, make sure to list few places such as Kiruna, Aurora sky station, Jukkasjarvi or Laponia. They will enable you to escape into the wilderness of one of Mother Nature’s finest handiwork named Northern Lights.

Now as you know the three best countries appropriate for holidays offering you the cherry on top- Northern Lights, hurry and book your tickets to explore the magnificent light show dancing and twirling before your eyes. Make your holidays a magical one at these countries.

 

Author’s Bio

Yogi and Suchna believe in taking the road less travelled and stumbling upon some hidden gems along the way! For over a decade, they’ve mapped their way across various continents, sniffed out unusual routes, discovered new flavours’ and stayed at quirky hostels. TheVillaEscape is their expression of soul travel. To check Northern Lights Iceland you can catch up with them at TheVillaEscape.

 

Ways to Choose A Firm Offering House Inspections Services

Purchasing a house is one big investment where you wouldn’t like to leave any room for mistakes.  It is important to get the house inspected frequently for its welfare. So, proper house inspections should be definitely done in order for it to stay flawless. Without rushing into spending a hefty sum, hire a house inspection professional who would point out the specific renovation requirements, which will save you a lot of money.

The experienced professionals will use separate tools for inspecting your house and offer a detailed report in the end.

If you want to know more about hiring an experienced house inspector, the below points might be helpful for you:

Have to be always prepared for the cost:

The average fee for any home inspection service will range between $350 and $500. The information you will receive as part of this inspection will help you to make some primal decisions.

  • This information can prove to be one turning point between sale and buyer going back in order to search for that perfect house.
  • Some of the home inspectors are able to provide you with house inspections but at lower rate. Be sure to check the credentials of the selected firm along with their business ethics.

Reputation and relevant reports:

Whenever trying to deal with professional firms, you have to check the reputation of firm and inspectors who are likely to carry the task for you. They are the one inspecting your house on your behalf. So, you might have to request to check the quality of the inspectors before giving them your project. Have they handled such cases like yours? If so, then what has been the result? Just check out these points first before selecting any firm offering house inspections services.

  • The firm you have hired for help must be able to provide you with reports, which will cover multiple aspects of the home inspection.
  • It is always important for you to get signed report, which will describe inspection that was actually carried. The report will cover the present condition.
  • here are times when multiple assessors will provide checklist of various items, which are to be inspected and provided under house inspections. Then you have professionals that give written document for all their tasks. Make sure to inspect all these points before you choose one to serve you right.

Ask real estate agent for the reference:

In case, you are making plans to purchase a house from the real estate agent, it is better that you hire home inspectors for the best help.

  • For the right house inspections, you have to ask agent for some trustworthy inspector and the work will be covered for sure.
  • The main reason to have a chat with agent is because most of the real estate agents will interact with the present home inspectors, just on a regular basis.
  • They are well-aware of the experts in here and also motivated to just connect you with most of the experienced professionals in here.

Don’t forget to read the reviews:

The best thing about online platform is that you get to search and read reviews of companies offering house inspections before you can give them a chance. It will help you to know more about the firm and to be sure if you have taken the right choice. Research is the key in here and online platforms will offer you with that help. Proper researches will allow the customers to choose their inspectors rather wisely.

Given you are conducting house inspection periodically, your home will remain like-new forever!

Top 8 Tips for Landlords to Attract and Retain Long-Term Tenants

For a modern landlord, an excellent long-term tenant who pays the rent without causing any damage or problems is a treasure find. The ROI in your rental property doesn’t get much higher than when you can keep the same tenant year after year. There are a few ways to increase the odds of landing such tenants. While not every tip listed here might apply to your property, a few of these in a row might do the trick.

Write a compelling listing

With the greatest percentage of tenants using an internet listing service to find their next rental, writing a compelling listing should be the first step in attracting quality tenants. This is the first phase in letting them see the property, so make sure the listing has the headline that sparks interest, is descriptive and informative, yet brief, and that it’s easy for potential tenants to contact you.

Get a fair reputation

If your tenants could say that you’re unfair or treating people in a discriminatory way, they’ll be looking for the first opportunity to jump ship. Whenever a situation arises, make sure not to come down harshly, but rather listen carefully to what they have to say. Not only that you may not be right in every circumstance, but people make their opinions of their landlords based on the way they handle disputes.

Respond to their requests

While being good in a big situation is important, try to take care of every little request they make. Whether it’s fixing the stairwell light or pruning that shrub that leans onto the pathway, if a tenant asks you to do something, you should make it a priority of your to-do list. When they see you taking effort for small-return request, they see their rental home as a valuable asset. Sometimes all that takes is emailing back on the same day.

Stay on top with maintenance

Not many things are more frustrating for a tenant the having unaddressed maintenance requests. Being on the same page with maintenance helps to keep your tenants happy, as no one wants to live with a clogged sink or worse. Besides, what looks like a small plumbing issue might escalate into a huge problem that only experts for pipe relining can solve. This technique for repairing the pipes and drains is cost-effective, and can be completed relatively quickly with minimal disruption to your property.

Encourage a longer lease

Ask the tenant to sign a long term lease at a reduced rate. If they renew every six months, extend the lease to a year. If they currently renew yearly, consider extending the lease to two years at a reduced rate. While this way you can lose out on the profit from rent increases, it could be worth keeping reliable tenants who pay their rent on time. Just make sure to do your accounting to see which option is best your you.

Offer bonuses to tenants who renew

At the end of each year, offer your tenants a bonus for the year they’ve spent with you, and possibly even a bonus that goes up each year. Even a couple of hundred dollars of bonus money is little in comparison with the time and effort you would’ve spent looking for another great tenant, not to mention the income you may have lost in the meantime. Offer the tenants the savings right there, and you may sway them if they have any qualms about moving.

Make it pet-friendly

While this advice isn’t feasible for all properties, many renters who find a great property that is pet-friendly for a reasonable fee will become loyal to that particular property or landlord. The amenities and quality of fur-friendly apartments vary, with availability always being an issue. If you’re willing to consider pets, with necessary precautions to protect your interests and property, you can make a lasting impression on your pet-loving tenants.

Respect their space and time

If a tenant has given you no reason to suspect a problem, give them notice if you ever need to enter the apartment. You barging in without clear cause or mentioning it ahead of time can feel intrusive and untrustworthy, possibly even prompting them to start looking for a place that will give them more privacy.

While some of these ideas require more effort and investment, most of them are simple strategies for setting up a great relationship with tenants you’d like to keep.

About the author: Mike Johnston is an avid creative writer and blogger. He is a regular contributor to the Smooth Decorator blog. Mike’s specialties are home improvement and interior design, but he also loves writing about real estate, small business, family life, green living and many other topics. Mike’s goal is to create interesting and compelling content and then share it throughout the online community.

The Basic Toolkit for Starting a House-Flipping Business

House-flipping has become an exciting opportunity for short-term investment for those decisive individuals who are not afraid to work hard. It represents purchasing distressed or foreclosed property in order to sell it quickly for a profit. Some of the properties might need rehabbing before they are sold but essentially, the two most important elements are seizing a good opportunity and reselling in a short period of time. If you think you have what it takes to start your own house-flipping business, here are a couple of guidelines to help you with your undertaking.

Evaluate your financial state

Before kickstarting any business, you need to take a good look at your financial state. Competition in all fields can be harsh, so your budget needs to be able to sustain a small blow or two which means that you shouldn’t invest all your life savings into your first job.

It’s best to look into alternative sources of funding such as different types of loans for various institutions, loans without collateral, perhaps even mortgage loans, to find the perfect match. Each of these funding sources has different potentials and your eligibility is assessed in different manners so you need to be aware of your credit score and perhaps even consult an expert to help you choose the optimal solution for raising your initial capital.

Create a detailed business plan

Prior to taking any type of action, you need to write a business plan to serve as a guide throughout your endeavors. It might also be of importance if you decide to apply for a loan because loaners sometimes observe a business plan as evidence of the level of professionality, business transparency, and other elements which influence eligibility.

Some of the things you would need to make a decision on include preliminary budgeting and its outlining, as well as payment plans, depending on your source of funding. Also, you would need to determine the scope of your property investments, the type of real estate and the location. Although you may have the urge to embrace a comprehensive approach, the truth is that the more you narrow your field of interest, the larger the chances for success.

‘Partner up’ wisely

A background in real estate would make your house-flipping business have a smoother start but you can always choose a partner or consult with someone more experience in that field. When it comes to property owners and seizing the right opportunity at the right time, this is where a knowledgeable partner would come in handy, to hunt down prospective properties and navigate contracts and sales.

When it comes to renovations, even if you plan to actively participate, you would need additional help. Experienced contractors can aid you with remodeling plans and budget projections regarding a particular property but can also teach you about assessing costs and time on your own. You can also consult them regarding the choice of the most reliable trucks for sale which you would use for your future renovations, and you can obtain some tools and equipment for the same purpose.

Research the real estate market of interest

As the saying goes, knowledge is power, which is why you need to scope property opportunities long before you decide to engage in house flipping. If you decide to start with your local market first, you can leverage on the knowledge you have regarding the proximity of schools, age structure of the neighborhood, (un)employment rate, and other factors which might indicate that there is a property perfect for house-flipping because the owner might be in the hurry to sell it or the neighborhood is up-and-coming.

On the other hand, if you wish to venture into the unknown and expand your scope with some new potential, it goes without saying that you need to research it well, both in terms of available properties and contractors, especially if that area is completely unknown to you.

Know your rights and obligations

In this business, timely assessment is everything. You need to be ready to take a leap as soon as you see a window of opportunity which means that you should be thoroughly prepared from the legal side as well.  If you have chosen to act in a different city or a state, it’s crucial that you get familiar with potential taxes and property laws so that you don’t end up spending more than gaining.

Usually, most of the costs that you have before you sell a property, such as renovation materials, labor, insurance, and taxes will be added to the original value of the residence and then you can get a tax benefit from these expenses after you sell the house. The knowledge about these kinds of expenses is vital for you to be able to secure the right amount of funds on time so you don’t end up losing rather than earning.

These guidelines represent a toolkit for a future house-flipper and by adding confidence, ambition, and enthusiasm to this mixture, you would have what it takes to be successful.

Prepare Your House For Sale This Autumn With These 7 Home Improvement Tips

Selling your home isn’t an easy job, especially if you’re not an experienced seller. There are a lot of things to be done, and some of them can be quite time-consuming, so it’s important to start everything on time, so you’ll be able to sell your home for the best price that the market can offer. So, if you’re selling your property or you know someone who’s about to do so, here are some autumn house preparation tips that will make it more attractive to the prospective buyers:

Find the right real estate agent

Even though this one isn’t technically a part of house improvement, it’s necessary to mention that in order to sell your home, you need to find a reliable and experienced real estate agent that will be able to negotiate the best deal for you. Always make sure to ask the right questions, no matter how insignificant they might seem, and the right agent will always be open to answering them, so if the person is evasive or dismissive, that’s surely a red flag you shouldn’t ignore.

Keep everything clean

Autumns can be tricky since leaves fall from trees and cause the mess near the house or in the backyard. Some buyers might not like that, therefore it’s important to clean your backyard, trim the bushes, cut down the dead flowers and tree branches so your home will have more exposure to the sunlight. Make the best out of the autumn weather, and instead of keeping everything covered in yellow and brown leaves, try to aim for the romantic and tidy autumn feel.

Schedule the repairs

Before you list your home for sale, it’s crucial to mend everything that’s broken, leaky or simply too old. If you’re dealing with mold, leaky pipes and faucets or wiring that’s out of date, remember that all of that needs to be repaired as buyers aren’t looking to purchase only to deal with basic repairs that they’ll have to pay for. Similarly, make sure to repaint the walls so your home will look well-kept and fresh. Repairs are the first thing you should do before moving to more cosmetic repairs.

Boost the curb appeal

Having a nice-looking curb will automatically make your home seem warmer and more welcoming, so you should definitely invest some time and effort to beautify your walkway or driveway. Also, if possible, paint your facade and make sure your front door look presentable. Your curb is the first thing people will see, so it’s necessary to make it as inviting as possible. In case you want to plant some flowers, make sure they’re apt for autumn weather, so it’s best to opt for small plants and don’t forget to trim it regularly, so they’ll look elegant and neat.

Don’t forget to restore your hardware

After you’re done with fixing plumbing, wiring and other essentials, it’s time to make sure that sinks, power points, and fittings are in top condition. Fixing restoration hardware will definitely make your home look like new which will also increase its market value. If you want to get the best price for your home, you need to ensure that everything is working, since people often get discouraged from buying when things look worn out and haggard. Besides, old power outlets can also be dangerous and cause fires that can damage your home beyond improvement.

Stage your home

Staging your home will add more personality to it which will in return cause more interest among buyers. If the home looks livable and cozy, people will be able to imagine themselves living there, too. Therefore, it’s important to make your home look bright and spacious, and preferably, add some decor items such as throwaway pillows, lamps, pictures, and books. Each room should be decorated to highlight its positive features, so for example, a bedroom should always look comfortable and romantic, while the kitchen should be simple, bright with bare counters. If you still want to add some items, make sure to keep them minimal, so a couple of Mason jars filled with cookies and vase with flowers will be just enough.

Get rid of the clutter

Discarding the items that are just collecting dust is a must if you want to make your home look tidy and elegant. Nobody wants to see piles of clothes, old newspapers and other documents, because all of that makes the place look old and chaotic. In case you don’t know where to put your old stuff, at least move them to the garage or the storage room where they won’t be occupying too much space. Keeping your home tidy and minimalist will provide prospective buyers with enough room for imagination which is something you should definitely aim for.

Autumn is the perfect time to sell or buy a home since this season is often associated with new beginnings and preparation for the cozy winter days in front of the fireplace. Hence, making your place look neat will surely make it more attractive and beautiful for potential buyers.

Reasons Why You Should Become a Land Investor Right Now

If you are thinking of investing in real estate, land is an excellent place to start. Land is a versatile investment, which can provide you with a lot of options and opportunities. Land investments can provide an excellent asset class that can provide you and your family with a stable, reliable income.

One advantage of land investments is that it’s a tangible investment. You can opt to sell this type of property when the market is doing well, or you can pass it down to your family descendants. If you’re not yet convinced, here’s a list of reasons why you should become a land investor right now.

Lower Expenses to Own

Owning a vacant land doesn’t require you to shell out a significant amount of expenses. When you have an empty land in your possession, you pay fewer taxes and mortgages, and you avoid paying for utilities.

The maintenance necessary for vacant land is lesser than residential or commercial real estate properties. You won’t need repairs or renovations to retain or improve its value. Indeed, investing in land is one of the best real estate investments you can have, especially if you find difficult all the hard work required in owning residential real estate properties.

Limited Management Issues

Since land investments require less maintenance, managing them is not a pain in the neck. The work that you have to put on will only come in finding suitable and profitable land. It’s advisable to find one that’s excellent for construction because that’s the thing buyers prefer.

After that phase, you’ll simply wait for buyers. You do not need to deal with maintenance and management issues as in residential and commercial properties.

 

They’re not making any more land

Another excellent thing about owning land is that you will be the owner of a real estate property investment that is considered scarce. The fact that land is limited makes it value more appealing and valuable over time.

Land Has No Depreciation Value

Yes, you heard it right, land doesn’t depreciate. According to accounting standards, this no depreciation value of land is due to the fact that it doesn’t get destroyed or become obsolete.

In a worst-case scenario, land value can only go down if the housing market is not doing well. However, this decline in value can’t be considered as depreciation.

That’s why investing in this type of real estate property is an excellent option for those who want to have a stable income.

Versatility

Investing in land is the go-to real estate investment because you can have several options on how you’re going to profit from it. Here are some options that you can do with your land.

  • Farming and Livestock Purposes.
  • Renting our leasing your land for farming purposes can be viable source of income, especially if you own property located in a suburban or rural area. With this option, you can generate money from rent and appreciation for many years.
  • Residential and Commercial Purposes. Based on your ambitions and ability, you can opt to sell, rent, or develop your land. You can choose to sell it to investors who want to use the property for residential and commercial ventures. Another option is to rent out the land for the same purposes for you to get a stable income out of it. You can also choose to develop the property yourself for residential or commercial purposes, but this option is very costly on your part.

Less Competition

You will encounter less competition buying land than purchasing a residential or commercial property. This advantage is because you can’t find parcels of land that are the same. They always vary in size, location, and shape.

As a result, when buying land, there’s a high chance that you will get it without going through a bidding process with other competitors.

Takeaway

Now you know that investing in land is more advantageous on your part than putting your money on other real estate properties. Land is scarce, versatile, has no depreciation value, fewer management issues, less maintenance, and less competition. So, if you want to embark on real estate investing, you can’t go wrong with land investments.

Why Does Air Quality Matter for Real Estate?

When talking to real estate agents, almost every single one of them will tell you that location is what sells any property. From the viewpoint of potential buyers, this usually means the proximity of good schools, parks or shopping malls. They will consider the crime rate of the neighborhood, the general population that surrounds them and the time it takes for them to get to work from their new home. However, the term ‘location’ covers more than the mere physical distance between a property and various establishments. One particular thing that home buyers are becoming increasingly aware of and curious about is the air quality around the property they want to buy. Here are some of the reasons air quality is important for your health and how that affects the real estate business.

Air quality and health

The impact air pollution can have on your health is a significant one. Even those who are completely healthy can experience different health issues when breathing polluted air, even if it’s only for a short while. The possible include coughing, irritation of nose, throat and eyes, shortness of breath and even chest tightness. Furthermore, short-term exposure to different types of air pollution can lead to a bigger risk of a respiratory infection, acute bronchitis and asthma attacks, while in people who already suffer from heart disease, it can cause arrhythmias or, in some cases, heart attacks. On the other hand, if you’re exposed to polluted air over a longer period of time, you can develop such health problems as cardiovascular and respiratory disease, damage of the respiratory system cells, as well as increased pressure on your lungs and heart while they struggle to supply your body with the oxygen it needs. And although all of these sound horrible enough, they’re only the immediate health issues. When it comes to permanent damage to your health caused by air pollution, it’s important to mention a shorter life span, a decrease in lung capacity, but also diseases like bronchitis, asthma and even lung cancer. And what’s most disturbing about air pollution is that it’s children under 14, pregnant women, the elderly and people with preexisting illnesses who are most vulnerable. Other than them, air pollution can also cause a lot of harm to the health of athletes who exercise regularly and intensely outdoors.

Air quality and property value

The situation here is a simple one. A good location can get you a better price for a property you’re selling. And since a good location also means that the air quality there is good and possibly regulated by law, it’s logical that it can be used as an asset for those who work in real estate. To phrase it in simple words, the cleaner the air, the higher the price of properties in the area. Some of the most common pollutants are carbon monoxide, nitrogen oxides, VOCs, ozone, Sulphur dioxide and various particles from road traffic, factories, etc. If the concentration of these compounds, gases and particles in the air is higher than normal, the air is considered polluted. In case you’re buying a property and want to be sure that the air around it is clean, you can get information on air pollution online for most parts of the world. Another thing you should consider when investing in a property is indoor air quality, which is now also quite easy to determine, since you can get a professional air quality check with only a phone call or an email. This especially applies to buildings which host businesses, and where there are employees who could be exposed to polluted air.

Air quality and the conversion of land

When talking about the effect of air quality on property prices, it’s also interesting to note that this relationship can work both ways. Not only can clean air boost the price of a property, but the prices of certain properties can also influence air quality, especially in more developed areas. In the past, it was a common phenomenon that green areas, farms and even forests were turned into residential and business properties. It was as easy as pouring concrete over them and repurposing them for profit. And although there are still those who are ready to violate the environment further to make money, the trends are now changing and we can see that, in certain areas, industrial land is being transformed to residential, with special attention paid to creating urban green spaces. By pulling industrial companies out of the city areas, especially those which are more densely populated, the environment gains in quality and the prices of properties can skyrocket. This is in accordance with the new property-related demands. Modern property buyers aren’t only looking for a roof over their head. They want a place where they can start a family or a business, while staying eco-friendly and maintaining a certain lifestyle. And if well-being and a healthy environment are important to the buyers, then we can expect greener urban planning and more sustainable development to keep up with what they are ready to invest in.

As we witness a shift in the environmental awareness in property buyers, it’s not unreasonable to expect the real estate developers to be more motivated when it comes to preserving the environment, including air quality. After all, if trees, parks and clean lakes mean profit, then it’s in everybody’s interest to ensure that they aren’t destroyed, damaged or polluted in any way.

How to Conduct a Long-Distance House Hunt and Buy a Home in a New City

Moving is rarely an easy process. Things can become quite overwhelming especially if you’re moving to a new city. Aside from the fact that you’ll be choosing a house that’s located in another city, you will also have to find a reliable realtor, determine your budget and organize and coordinate the move.

In such a jumbled situation, it can become quite easy to overlook some important aspects of moving or simply forget about something that requires your attention. That’s why we’ve put together a little to-do list of sorts to ensure that your move goes as seamless and stress-free as possible.

Do some research

Before you actually put the entire moving process in motion, make sure you first do some research. Try to learn as much as you can about the city you’re about to move into and – if possible – even the particular neighborhood. Find out all the information you can about the transportation options you’ll have at your disposal, learn more about the overall crime rates and do some research about the housing market in general. This will enable you to make a much more educated decision once the time comes to determine your budget. Also, if possible, make sure you visit the city and the area you’d like to live in beforehand so that you get a general idea of what to expect once you move.

Define your budget

Next, you should work on determining your budget. When trying to decide how much resources you can delegate to this endeavor, make sure you account for all the costs that lay ahead of you and even set aside a contingency budget, just in case anything unexpected happens. Here, you should make sure that you have enough money to cover the house and moving costs, as well as cover the fee of your real estate agent and their services. Furthermore, do know that you’ll also be required to cover closing costs, property taxes and utilities. Therefore, make sure you have enough elbow space in your budget to cover all of these costs so that it doesn’t happen that you run out of funds midway through.

Hire a reliable moving company

Another thing you need to be really picky about is the moving company you choose to hire. The fact is that there are a lot of moving companies whose offers and services vary significantly, so you need to be very careful when choosing. If, however, you’d rather take care of this process yourself, you can choose to rent a shipping container and find a company that deals with shipping container transport. This way, you will be the one who packs all of your things in a shipping container, therefore eliminating the chance of anything ending up stolen or damaged, and have the company transport all of your goods to a new location quickly and professionally.

Find a reputable realtor

When buying a house in a new city, you really want to look for a reliable realtor who knows what they’re doing. To make the selection a bit easier, look for someone who understands the market and who will be able to help you make the best decision possible depending on what you’re looking for, how big your budget is and how soon you wish to move. Now, since you’ll be hiring an expert from another city, make sure that they’re available to you whenever you have a question or a concern that needs to be addressed and who will be open for Skype calls, face calls and down with email correspondence. Simply put, a real estate agent who dodges your calls and emails is not quite the best choice for you.

Start building connections

Finally, to make things at least a bit easier once you move, start building connections ahead of time. Think about all the people you might know that live in the city you are about to move into and reach out to them. Friends, relatives, friends of friends or even your ex-colleagues or even ex-classmates are definitely a good place to start. Simply put, by ensuring that you know at least a single person in the city you’re about to move into will make everything far less stressful.

Buying a home is a major step in anyone’s life and moving to a new city presents a great opportunity for a fresh start.

About the author: Mike Johnston is an avid freelance writer and blogger. He is a regular contributor to numerous blogs and online magazines, where he writes mainly about real estate, small business, entrepreneurship, sustainability and other related and unrelated topics. Mike’s goal is to create insightful and compelling content that will help readers navigate through these vast and ever-changing fields.