Monthly Archives: December 2018

Mistakes that one should avoid while making real estate investment

To get a quick rich real estate property investment is the best way. But do you know – Your single wrong step while making the real estate property decision can take you to the severe loss. Even it can ruin your whole career. So being an investor there are few things which you should be aware to make profits and successful deals in the real estate world. For making your property investment decision a happy one you should hire a residential or commercial property valuer. They know all about the property value, market trends, market conditions First they analyse and then evaluate the right market value of the property.

Here in this post, we are revealing the reasons behind those major mistakes –

Lack of Knowledge – Making an investment in the real estate world is a business and every business demands thorough research and deep study. Otherwise, lack of knowledge will take you to the loss. This is the biggest mistake that many investors do. Just by seeing other making money in the real estate world and finding this industry lucrative they jump into the property world which leads to loss.

Everyone knows the importance of location but still many make this mistake. Real estate property is all about location, location and location. You have to choose the right location of your investment property. Most of the beginners choose the right property at a wrong location which puts a dent in their profit margins. For example – buying an investment property in a high crime rate area is not going to get you, tenants or prospective buyers.

Lack of planning – Before starting any business you should plan your strategies in the right manner. Research and then plan your actions and major steps to achieve your goals and objectives. But many investors often overlook this major point and start their business which is completely wrong. One should make plans to execute the strategies properly.

Insufficient knowledge of finance – People do not have proper knowledge of the finance and they often unable to manage their funds accurately which leads to loss. There are many banks and private lender who are ready to give loans at a low rate. Scan and study there terms and condition properly and then choose the one which is with low monthly payments and low-interest rate.

Becomes greedy – Though real estate property business is lucrative. One shouldn’t go greedy otherwise this leads to the wrong decisions. Understand the property world, terms, concepts well. Always remember great things take time. You should have patience and grow gradually. You can’t become a millionaire in a single day. Analyse your options, take opinion from professionals and then make the sagacious decision. Always remember your greed can ruin your real estate property business completely.

One should not make these mistakes while making the real estate investment. For more information hire residential or commercial property valuer.

Feel free to contact us for the best property valuation services. We have a team of expert and experienced residential property valuers.

Rightways to find the real estate comparables

Real estate comparables act as a guide for the investors, buyers and sellers. To get an idea of the current market value of any property in the real estate world – Sale comparison method is the right one. For this, comparables are a must. But the question arises – how to find the right comparables. Here in this post, we are going to reveal the ways to find the right real estate comparables. You should hire the residential property valuer or commercial property valuer for the property valuation sydney services. They know all about the real estate property world.

Three smart ways to find the right comparable for your property –

Market analysis – Finding the right real estate comparable for evaluating the property price is a tough task. First, make the analysis of your investment property. Make a list of the features it possesses. Then you have to find the comparable property which possess all those features and that property should be sold out recently in the same area.

Make sure the comparable property should be similar to the investment or subject property. Property type, amenities, number of rooms, land area, bathrooms and other features. Choosing the right comparable property is essential to find the right price of it.

Comparable should be in the same area means comparable property should be near the one to three miles only. And you have to check that the differences won’t be a major one.

Choosing this traditional method of conducting the research of the property to find the comparison is quite difficult. The analysis takes time, money and efforts which are very valuable. And while investing money in the real estate you want to make more money with less time and efforts. Then the second way of finding the comparables come into the picture.

Hiring the professionals – To save your precious time and efforts you should hire the real estate property valuer or appraiser who knows all about the property market and by paying their fees for finding the right value of the property is a good way to save your time and efforts. Property valuers have specialisation in valuing real estate properties they are capable enough of accessing the property value by finding the comparables. They have a great idea about the property ins and outs, fluctuating market trends and market conditions.

Using online tools – To find the comparables in the quickest way one should use online property calculators present in the online world. There are a number of tools present in the online world and out of them some are free of cost. These tools are capable enough to do all the calculations for you and give a list of comparables. All you have to insert some details related to your pin code and property and within a few clicks you will get the property comparables and price of the property.

For best home valuation services you should hire an expert, experienced and qualified property valuer. Feel free to contact us.

Know the intact benefits of owning a rental property

Investing in the real estate property business is an attractive thing for many as it is the best way to get quick rich. A research says – “90 per cent of the world’s richest persons are real estate investors”. A famous book writer of “Rich Dad and Poor Dad” also emphasis to invest in real estate properties to become rich. But you should take advice from the real estate home valuer before investing in the real estate as the property market fluctuates much. Here we are explaining the benefits of owning a rental property.

Cash flow – The only thing that drives people crazy about real estate is it generates money. Real estate rental properties provide investors with a cash flow – the actual profit counts after calculating the difference between the rental income and rental expenses on monthly basis. In property investment business revenue generated in the form of monthly rent collected from tenants of investment properties. Positive cash flow comes when income is more than the expenses. The best thing about having an investment property with tenants is the monthly rent which is received will help to pay off the investment property tax, mortgage payment, running cost. Positive cash flow indicates the success of the investment property and assures good returns on investment.

Tax benefits – Owning an investment property ensures tax benefits. This helps the landlord to lower down the risk of investment and helps to grow the revenue. The benefit of having investment property is cash flow it generates is completely free from tax. A landlord doesn’t need to pay the tax on revenue generated by the investment property. Which helps to earn more through investment property and spent no money on tax. Whereas there are businesses where taxes are heavy but when you choose an investment property then you don’t need to pay revenue tax.

Property appreciation – The best thing about the property market is it grows with time so as the property value increases with the time which helps the investors to earn more money. So the property you buy today is going to increase in future thus you can earn good revenues on selling the purchased property in future.

No direct impact of Inflation – Being an owner you don’t have to worry about inflation. In such situations also you can increase the rental amount and you don’t have to face the negative consequences of inflation. Also the value of the real estate investment property increases. Even in the property market when investment properties are low in supply then you can list your real estate investment property for higher prices. Which means you can get the benefit of having an investment property even in the odd times.

These are Sureshot benefits of having a rental property or an investment property. For best home valuation services of your investment property, you can contact us. We have qualified and expert home valuers in our team.

Tips to remember while investing in the interstate

Buying a property in the interstate with the hope to earn a profit could be your right decision if you do your property research well. Your buying property experience can turn into a daunting task if you are not prepared and have not any right market knowledge. Though before buying the interstate property for an investment purpose you should hire the local residential property valuer to know which one is the best property for you to buy.

When you do not find any good opportunity in your home state then finding an investment property in interstate is the commendable decision. All you have to hire an expert and qualified home valuer to guide you and follow these points –

Know the area well – While selecting an investment property in the interstate you should think from buyer’s point of view. Check the amenities around the property, inspect facilities available in the nearby area like – local market shops, hospitals, playgrounds or parks.

Look at the features of the property – It is important to check the condition of the property before buying otherwise you may have to spend a huge amount of money in renovation which can break your bank. Inspect the property well while buying the interstate property. Look at the special features of the home which you can make the unique selling proposition. Work on to increase the curb appeal of the property or large size of kitchen and bathrooms. Find the speciality which helps you to attract the potential tenants.

The risk associated with it – Check the crime rate of the area in which you are planning to buy the home in the interstate. Know about the area it comes under environmental risks or not. Check the noise level of that area is it near to airport, train it may cause disturbance who lives in the property. If you are buying the property with any of this issue then it could become difficult for you to find the right tenant for your investment property in the interstate.

Research well – Study about the area in order to make an informed buying decision which gives you good returns on investment even in the interstate. You should make a research regarding the property rates, capital growth rate, a vacancy rate of the area median housing prices before making the purchase.

Read the contracts carefully – It is imperative to check the contract carefully. As you are buying an investment property on the interstate then should read the terms and conditions carefully. It might possible the interstate possess some other property buying rules. You can hire a local lawyer to understand the things in a better way.

Take a home valuer on property inspection – To know about the property well and to find any loopholes that might property carries is important to take the home valuer they can help you in this. You should buy the property which is ready to move for tenants thus you can start earning the monthly rental income soon.

For best home valuation services you can contact us. We have a team of an expert and qualified home valuers.