buying real estate Archives - propertyunder20k.com

How to Make Full-Time Travel a Reality with Passive Income

All year long most of us are looking forward for the few weeks when we can go on vacation and finally embrace our true passion: travel. If we could prolong this to a few months it would be a dream come true. If you can’t work while travelling another way to be able to do this is through passive income.

The pursuit of passive income has become increasingly popular these days. No wonder, because it gives people the freedom to pursue their passions without relying on their salary for sustenance. So now, you can start a travel blog or create content for another website where you can share your experiences with others and make money at the same time! Writing about you experiences in a travel blog is top of the list on how to generate some passive income while you travel. Another big one is to rent out your home while you are away.

The Wealth of Experiences that can be Achieved on Full-Time Travel

A full-time traveller can visit one of the best places in the world. He can go to an exotic location and enjoy the culture. He can also go to places which are more offbeat and less visited.

The world is a very large place, and it is imperative that you make sure that you take time out for your own self-discovery. This will give you valuable life experiences which you will never forget.

Making Your Travel Dreams a Reality

The steps to make your dream a reality is about goal setting, investing, and the mindset shift.

First you need to set goals that are achievable in the next one, three, five or ten years. The rule is simple, if you don’t have goals, you will not achieve them.

Then you need to invest in yourself by learning new skills or strategies. And lastly you need to change your mindset because there is no such thing as “too late”. You can achieve anything!

Creating Your Own Path in Life while Embracing Every Moment Along the Way

You have to create your own path in life while at the same time embracing every moment along the way.

It’s time to take control of your life and start making choices that will define who you are. You have to be making decisions on a daily basis about what you want for yourself and for others. It’s also important to set goals for yourself so that you can move forward with your life instead of just drifting around aimlessly.

Full-Time Travel with Passive Income as the Ultimate Goal

Making full-time travel a reality is not everyone’s ultimate goal. This might be your goal if you’re an avid world traveller or if you like to explore new cultures and experience different lifestyles. Many people, though, want to do it because it seems so awesome and romantic. They might be retirees who want to spend their days doing what they enjoy the most after working for 40+ years and saving up for their retirement.

Achieving this ultimate goal will take a lot of time, effort, and money. Some people do it by saving up money while they’re still working and then quitting their jobs to travel the world while others work hard until they quit their jobs at 65 or 67 or whatever age that is in your country.

Of course, wasting all your life and energy to only achieve this goal at an advanced age seems a bit sad. That’s why some came up with a way of making this work before – with passive income.

Make Your Maths – How much passive income is needed?

The first thing to do would probably be to get your numbers right. How much money do you need every month to support yourself during your trips (food, accommodation, transport, travel insurance…)? How much money do you need to keep things back home?

The next thing would be to look at how much money you could possibly generate through passive income, such as renting out your home, having a travel blog etc. if the numbers don’t add up you might need some money and more time to build up more ways to generate passive income. On the other hand, you can also explore ways to save money on your travels, such as living in a van.

How Does the Van Life Work and How to Make it Work for You?

“Van life” is a popular lifestyle choice for those who are looking for a simpler life. You can find people living in vans all around the world. They are called “Van Dwellers.”

Van Dwellers choose this lifestyle not because they have no other choice, but because it best suits their needs. Living in a van lets them travel the world, be mobile and do what they want to do without having to answer to anyone else. The idea of living in a van is not only about the freedom and adventure, but also about saving money and enjoying sustainable living with minimal impact on environment.

Every summer, we can see hundreds of vans parked along the beaches where there are public toilets and showers. There is hardly any cheaper way to live.

How to Live in a Van and Travel Full-time on Low Budget

Some van dwellers will spend hours each day on Instagram and Facebook to document their adventures and share tips with others interested in joining the community. Of course, having an internet connection is a must.

If they have enough followers, they can also enjoy the financial benefit that comes with it. But what if you are not good at writing at all? Some choose to make certain investments that will give them passive income.

Investments You Can Make on a Low Budget

When you think of investing, you might think, “wow! That’s a lot of money.” But it doesn’t have to be. In fact, there are many low budget investments that can make a difference in your life.

The key to making the most out of your limited budget is to know what will give you the best return on your investment. You may be able to make a low investment and with your own work turn it into a big one. For example, if you are a handyman, you could look out for a cheap house. By putting in your own work you probably are able to sell it for a lot more later or even rent it out for good money, giving you a regular income to finance your travels.

Real estate Investments are one of the best ways to generate a regular passive income. Some people for example have looked up apartment blocks for sale as it is a lot easier to manage a whole block than to have apartments scattered around the country. Also, there are some management companies that can handle all issues that might come up with the tenants. By getting someone to look after your building you have a lot more time to enjoy your next travel adventures.

6 Other Ways You Can Get Passive Income

No matter if you want to travel the world or just like to have some more time with your loved ones. We all like to have a bit more money in our lives and there is a lot of opportunity these days with the rise of e-commerce and e-business. There are so many ways to make money from your home or van! Here are six ways that have been proven as lucrative by those who have tried them out:

1) Rent your property on Airbnb

2) Sell old clothes

3) Sell online courses

4) Invest in the stock market

5) Create an app or website that people use often and continue to pay for it with ads or subscriptions

6) Become a freelancer

Five Tips to Buy Property Abroad

Owning a holiday house is everyone’s dream. People spend their years saving to buy a new build house or purchase land and gradually construct the house. Having a second home gives you the freedom to choose the details and design, be it choosing between outdoor composite decking and indoor marble flooring or choosing the colour of paint for your walls. You can allow your creativity to flow according to your taste.

If you have moved to another country and are looking for a property to purchase there, certain things should be considered. Here are some amazing tips for you to consider while buying property abroad:

Do Your Research:

Before you contact a real estate agent, you need to do primary research. Having a basic idea about property prices in an area where you want to live or invest is essential. This will help you shortlist not just one but many areas that you can browse to find your dream house. Ensure to read the reviews from clients of real estate agencies you are planning to contact since foreigners can fall prey to scams quite easily. Also, do check the currency exchange rate while making the purchase.

Hire an Estate Agent:

Buying a house directly from the owner sounds like a great idea, but it only works well if you are a native. There are many legal, linguistic and social constraints when you are buying property in a foreign country. Purchasing through a real estate agent from a recognized property dealer will surely benefit you. Since the agents are looking to make their profile strong by locking deals, they will ensure that everything is precisely the way you want it and in your best interest.

Get Your Documents Translated:

Make it a rule; always know what you are signing for. Even if you purchase the property via a real estate agent, you must pay attention to the documentation. Ask them to add a translation of the contract in your native language so you can be fully aware of the terms and conditions. Also, doing so will help you sell the property in the future since you will have complete documentation in a language that you understand.

Keep a Legal Representative Onboard:

Although your real estate agent can guide you through the entire property buying and selling process, you need to have a legal representative on board to ensure that everything is going smoothly. The laws might be way different than in your country and can even vary from state to state.

Having a legal representative will give you peace of mind that you are not breaking any laws and following every legal constraint of the area. Also, legal terms are technical, and your real estate agent might not be able to explain them to you. However, a legal representative will help you understand them conveniently.

Find Someone to Partner Your Purchase:

If you are buying a holiday house in your favourite country, finding a partner with whom you can co-own the property is a great way to finance your project. It can either be a friend or a family member. This will help in reducing the cost of property for you. This will be a simple way to invest, and also, you will get a permanent spot for a regular family get-together and parties.

Also, if you co-own a property, you can do half of the maintenance and renovation done along with your partner. Take some time to discuss all the finances with your partner and also the prospects. You and your partner won’t regret investing in this!

The Bottom Line:

Buying and selling property, particularly in a foreign land, can be tricky and time-consuming. However, having the proper legal support and a real estate agent from an authentic real estate agency can ease your task markedly. Make sure to invest wisely!

7 Benefits Of Investing In Properties Near Universities

Property investment can be a secure source of income, depending on the neighborhood and city you choose. One of the most interesting and successful areas for property investors are university towns. Not only is there high demand for rental properties, but you can also rely on stable rental prices and even see an increase in the value of your property. Here are seven benefits to investing in a property near a university.

1. High Demand And Many Prospective Tenants

By purchasing a property near a university, you will not have to worry about ensuring a steady rental demand. With universities attracting thousands of new students each year, there is usually an increase in the local population, which also increases the demand for accommodation. As such, there will always be a large pool of prospective tenants waiting to move in, even leading to a waiting list.

2. Reliable And Constant Rent Payments

Many landlords fear renting a property to students. This is mainly based upon a misconception that students’ rental payments are always late or missed altogether. Yet, in reality, much student accommodation is actually paid for by students’ parents. The result is often timely and reliable rental payments.

3. Stable Rental Prices

One of the biggest benefits of purchasing a property near a university is that the rent prices tend to remain largely stable and constant. Providing that the university stays in business, there will be a demand for accommodation from students.

“Typically, rent prices in university areas tend to remain stable or even grow. As such, you’ll be able to charge a consistent rental price and perhaps even become cash flow positive,” says Joanna Lockman, a real estate blogger at Boomessays and Essayroo.

4. Reduced Vacancy Time

As with all rental properties, there will inevitably be tenant turnover. Yet, whilst this turnover may be higher than usual with students, the upside is that you’re unlikely to face long vacancy periods. Each new academic year will bring a fresh set of students, all requiring accommodation. This will ensure that you are able collect consistent and reliable rent from your property.

5. Attractive And Vibrant Areas

Areas with universities and students have a tendency to attract larger numbers of local amenities. With young and energetic students, keen to explore the local night life, you’ll often find many of the most highly sought-after bars and recreational facilities located around universities.

From restaurants and bistros, to gyms, shops and entertainment venues, the area around a university campus tends to be more vibrant and livelier. Not only is this more appealing to students looking for accommodation, but it also makes the area more attractive to other types of residents, thereby helping to increase the value of, and interest in, your property.

6. Attract The Wider Workforce, As Well As Students

Despite being located near a university, students are not the only types of tenants you can expect to attract. There may be a wider workforce who also require accommodation, including university staff, such as professors or support staff. People who work in the local area, including in the hospitality sector, in retail or nearby offices, will also be attracted to a property situated nearby.

7. Increased Property Value

It’s common for the value of properties located near universities to increase over time. In part, this is driven by a limited inventory of properties surrounding university campuses, thereby increasing the demand and value of existing properties.

“As universities become more ingrained in the local economy, there tends to be an increase in businesses starting up in the area, which in turn attracts more people to the area,” explains Michael Williams, a writer at Liahelp and State Of Writing. “Additionally, many people stay on in the city after completing their degrees. The result of this self-sustaining economic cycle is increased property value.”

Conclusion

There are many benefits to buying a property near a university, including secure and consistent rental payments, a large and constant pool of interested tenants, increased property value and reduced vacancy times. Although there are some potential disadvantages, such as property damage, higher tenant turnover and low interest during summer months, these can be compensated for with forward planning and higher security deposits. You’ll soon find that your property is a worthwhile investment and a reliable source of income.

Lauren Groff is an experienced real estate writer at Academized and UK Writings. She is passionate about helping her readers to better understand the world of real estate and the options available to them. Lauren is also a successful editor at OX Essays. When not writing, Lauren enjoys spending time reading and exploring different cities and neighborhoods.

Image by Michael Kopp on Pixabay

How can I get a house for 100k or less?

You may be surprised to learn that you don’t need to be rich in order to buy a house. In fact, there are many ways you can save money and still get a house under 100k.

Houses are a big investment and one that should not be taken lightly. That is why it is important to find the perfect house for you, in the best location and for a price that fits your budget.

Average house prices

According to the survey, the average amount people are spending on a house now is around $400,000. So, it would take a lot of research and work to find a house that’s cheaper than 100k.

There are many ways you can get a house for close to 100k or even less than that. It just takes some time and work on your end.

Find the best value for your money

It’s not always easy to find cheap homes in the marketplace. There are many aspects that affect the value of a home. The general rule of thumb, however, is to buy close to the city centre if you want better value.

Some people say that it might be easier to find a cheap home by looking at area listings, or by looking at other more affordable areas outside of the city centre. However, this might not be possible for everyone who wants to live in an urban setting.

Be more creative in your search

So, what should you do? Get creative with your search and don’t limit yourself too much by just looking at one area when there are so many others out there for you to explore!

Saving up for a down payment is the first big step in achieving this goal. You can save the down payment by living with your parents or by renting an apartment in an inexpensive location and then saving up more money over time.

A lot of people want to purchase a home but they don’t have the money. It’s not uncommon for people to spend their life savings on a house – which is why many people end up living in their parents’ basement. That’s actually not a bad idea if it helps you to save up for your own home at the same time.

There are certainly ways to get houses for 100k or less if you have patience and know where to look.

Be more specific in your search

Buying a house is one of the biggest purchases that you will ever make. That said, if you are looking for a cheap home, it’s best to be more specific in your online search and don’t just rely on general words like ‘cheap home’ or ‘good deal’.

Be flexible when it comes to DIY

If you are up for DIY, you can get a fixer-upper home at a lower price. All you need is to take some time off and do the renovation work yourself. Not only will it make your home look better, but it will also help in saving money on labour costs.

Fixer Upper Homes: Fixer-upper homes are properties that have not been renovated or updated for a long time. Even if the property doesn’t have any major structural damage, they may need new paint and flooring, as well as other cosmetic improvements.

Investors are starting to pay attention to the potential in fixer-upper homes. With a low purchase price and a lower mortgage, it is easier than ever to buy a fixer-upper house.

The process of fixing up a home can be very rewarding; you have the opportunity to make your house uniquely yours. It also has the potential to be profitable, too. Fixing up your home can increase its value by hundreds of thousands of dollars if you do it right!

Conclusion

Now, you’ve seen the best ways to buy a house for 100k or less. So, what are you waiting for? Start scrolling and find your dream home today!

Bio

Our Property under 20k team are the founders of www.propertyunder20k.com and www.listproperty4free.com with the goal to search the cheapest real estate in the world and make it easy for others to find. The team is made up of landlords, real estate investors, architects and builders from several different countries. We just love to have a good strong cup of coffee while we write our experiences in this blog.

Image by Siggy Nowak on Pixabay

What’s the deal with bunkers for sale?

For some reasons there have been a huge interest in abandoned bunkers for sale. Always there is an ad of a bunker for sale it gets at least ten times more hits than homes for sale. Surely, many just click on it out of curiosity but many are seriously interested. What is it that makes bunkers so attractive for buyers?

Although it is considered as the ultimate hiding place, the average underground bunker usually has no windows, just air vents and most of the times no electricity, toilet or running water.

Most subterranean shelters would be accessible through a straight up concrete shaft with a steel ladder, accessed by some sort of concrete or steel hatch on the ground.

The perfect historical restoration project

For all buyers who are interested in a historical restoration venture they are just perfect. It is a truly unique project that is sure to seduce. Unfortunately, there are not as many out there as interested buyers. That’s why, despite the bad state they usually are in they are not cheap.

Some people have been very creative and building their own amazing backyard bunkers. In this case don’t forget to get the proper permits before.

We could also see a recent movement of newly built bunkers – many especially for the upper class – that offer all modern comfort you can think of and look like out of a sci fi movie.

The “bunker for sale scam”

Sadly, whatever triggers a lot of interest in many people also inspires others to come up with a scam. In the bunker story it is no different.

The scam we have seen so far is this:

There is an ad with nice and very cheap bunkers for sale. Once you contact the advertiser, he will explain that he is very sick that is why he priced his bunker for a quick sale. Due to his condition, he is also not able to show the property but someone else can be paid to show it. Therefore, he will ask you for some money to see the bunker before you buy it. Needless to say, that after paying the money you will not hear from him ever again or have any way to get through to him.

Here are some red flags to look out for:

Price is cheaper than normal
The seller asks money to show you the property

Another good way is to use the Google Reverse Image Search with the images the advertiser has in the ad. You may find that he copied them from another website.

Bio

Bild von Martin Bock auf Pixabay

Do You Want To Know? Top 5 Wonderful Places To Buy Property In Marvellous Turkey

Have you ever been to beautiful Turkey? If yes, then you might know where to buy property. But, if you have not, then the good news is that most places have impressive portfolios of villas and apartments. Not only this, you can get citizenship in Turkey by buying property in some of the beautiful places of Turkey.

Some of the areas within Turkey have become famous destinations for tourists and foreign buyers because of the excellent infrastructure, western-style attitudes, and easy access to airports. Before buying a property or constructing a home in Turkey, you should know that there is price fluctuation from place to place.

However, by hiring a reliable home improvement contractor, you can make sure that your project goes well and turns out exactly the way you wanted.

By the end of this article, you will know that buying property in Turkey is a good investment idea. Let’s look at a few of those beautiful places in detail.

Istanbul “The Heart of the Turkey”

Istanbul is one of the great cities on Earth. For thousands of years, this point where east meets west has been a crossroads of civilization.

Turkey bridges Asia and Europe. Part of Istanbul is in Europe and part in Asia. That is why it is the heart of the Turkish real estate industry, attracting foreign buyers worldwide.

Most buyers are interested in entering into the mass construction on the city’s outskirts. The reason behind that has modern living with the latest infrastructure of the city. You have also got a tremendous domestic economy in Istanbul.

Fethiye “Tourist’s Paradise”

Fethiye is an amazing harbour town on the southwestern coast of Turkey. It is popular because of its stunning natural beauty, attracting tourists and foreign investors. Green mountains, the blue Mediterranean Sea, and marvellous landscapes show the beauty of Mother Nature which includes Ghost Village, the sandy beach of Oludeniz, butterfly Valley and the world’s most famous Blue Lagoon.

The local government of Fethiye did a lot to change and improve the city over the years, including the hospitals, schools, and local amenities services. Because of the central hub of the Turkish Riviera, its environment gives every retiree’s dream of living in the Sun.

Yalikavak “Mega Yacht Haven”

I have been to Yalikavank many times; it is one of my favourite holiday places in Turkey. Yalikavak is a town on the Aegean Coast of Turkey near Bodrum. One of the significant commercial developments in town is the Yalikavak Marina. It is called a secret sleepy fishing village.

About 15 years ago, turkey changed its real estate laws. So, those foreign investors can buy property as well. As the prices were meagre, investors rushed to the country.

One of the significant trades of this city is tourism. Many locals speak English fluently, which makes daily living easy. You can live there without knowing Turkish. After the construction of Palmarina, it is known as the mega yacht haven.

Antalya “The Best of Everything”

Antalya is the central heart of Antalya Province in Turkey. It is amazingly scenic, located on Anatolia’s southwest coast surrounded by the beautiful Taurus Mountains. It is the fifth most populous city in Turkey. Sandy beaches like Lara, Konyaalti, and Kaputas are world-famous beaches in Turkey. Not only is this, Antalya airport the tourist’s air travel hub in the country. It is located on the Turkish Riviera because that it provides sailing tourism as well.

The elegant fluted tower of the bible Minera mosque shows that the footprint of the elders is not gone. You will see it is very much alive when you take a walk through the vibrant and narrow streets of the old town kalonji district. When you come out through Adrian’s gate, you’ll be greeted by the country’s fastest-growing metropole with a population of 2.5 million.

To me, having a home in Antalya is a unique opportunity to own a piece of this ever-growing and ever-changing mythical city with endless wonders.

Kalkan

Located in Turkey southwest, Kalkan is a peaceful Mediterranean gem that boasts outstanding views, crystal clear waters, and well-preserved nature and history. Being a good one and a half hour away from the nearest airport makes it a destination only understood and appreciated. It has a laid-back atmosphere, quality of housing, and holiday facilities that allow for a fantastic lifestyle.

The famous kaputosh beach is just a few miles drive aways to the south towards another beautiful town, Kosh. A window is the greek island of maze offering a taste of a different culture.
If you buy a property in Kalkan, you won’t regret it. To me, home in Kalkan will benefit from significant levels of privacy and peaceful surroundings because it is the town of serenity.

Bio

Abroo Murtaza is the one enthusiastic and passionate writer who loves to write about traveling based on the interest of exploring new places, reading about them and then delivering the knowledge through her pen. Moreover, Abroo is also fond of writing about technology trends, gadgets like latest, mobiles, cameras etc. She thus strives to provide accurate information and knowledge in respective areas of interest and educate people on real terms.

Finding apartment blocks for sale

So, you’re in the market for a whole apartment block? That’s exciting news. Finding apartment blocks for sale is just one click away. If you’re serious about buying some apartment units here is a good place to start to get a first idea of what your money can buy.

Later it might be a good idea to get a qualified real estate agent who knows the local real estate market and can guide you through the buying process.

They can advise you on the real estate market in your area and financing if needed. That can help you immensely to make your dream of becoming a landlord a reality. With a real professional by your side finding a suitable building will be piece of cake.
Did you know that a typical real estate sale involves more than 20 steps after the initial contract is accepted? Real estate agents walk you through each step to move toward a quick-and-easy close. Together, you’ll create a marketing plan, set the right price and get your new real estate business in no time.

Make your homework

Of course, it is always good to do some research yourself. For example, it can be interesting to look at some property records before buying as well as rental prices. Like that it will be easy for you to find out what yield you can expect from your investment.

If you want to have the least work possible with your asset it would be wise to consider hiring a management company who will deal with the tenants on your behalf.

Newly built apartment blocks for a secure future

Nobody can resist the charm of a new build home.

The plaster does not crumble from the walls, power lines and pipes do not need renovation and the architectural style usually has a trendy and modern design. State-of-the-art materials and the latest standard characterize such a new building.

Yes, buying a brand-new home can be very appealing especially if you are planning to rent it out. You will easily find tenants and beside the usual maintenance jobs there will not be much repairs to do.

A new home has advantages in many ways

A new phase of life begins with a new house and many people fulfil a lifelong dream. The likelihood of taking a risk with such a newly built house is almost zero. Freshly build houses have the great advantages:

New buildings often consist of high-quality materials.
New build houses mostly have the latest house technology integrated.
They are characterized by a low energy requirement.
A modern architectural style is characteristic of newly built houses.

The construction quality has improved immensely in recent years, so that today there are hardly any nasty surprises waiting for the owner after years of occupancy. Therefore, after buying new apartment blocks, you can sit back and relax.

The old charm apartment block

If you lost your heart to one of those old charm apartment blocks you are not alone. Although due to age and new energy efficiency laws they usually need some works before they can be properly rented but it is totally worth it. In the end you will have something truly special and unique.

Apartment blocks for sale

You are looking for apartment blocks for sale? Have a look at

Blocks of Apartments for Sale & Rent in Africa

Blocks of Apartments for Sale & Rent in Asia

Blocks of Apartments for Sale & Rent in Europe

Blocks of Apartments for Sale & Rent in North America

Bio

Image: Image by PublicDomainPictures from Pixabay

Buying vs Renting – should you buy a house?

Buying or to renting a place to call home is one of the questions on many people’s minds at a certain point in life. If you are settled in a place with a good job and can foresee yourself staying there in the nearest future, would it be more advantageous to continue to rent or take out a mortgage?

The answer generally depends on individual’s choice, as you may have different values to the usually home buying route. Of course, there are benefits to renting a house, but the advantages of buying supersede that of renting. It gives you a sense of security and satisfaction in having a place to call your own – permanently. With that said, outlined below are a few key benefits you enjoy when you buy your own home as against renting.

1 – Equity building

One major benefit of buying a home is in building equity. As you make your mortgage payments, the amount of money you owe on a home reduces. And the more your home value increases, the more money you save. You can even consider mortgage as a forced savings plan. When you pay rent, you are technically making someone better off by paying their mortgage and building up their equity. Of course, renting can initially be cheaper than buying a home, but many see it as throwing money down the drain. If I may ask, why do you want to be building savings for someone else when you can contribute towards your own investment?

2 – Modify to taste

It is always fun to create a living style that is all your own. As a homeowner, you can always make changes to your home to suit your taste and preference. You can renovate, customize, and paint the walls any color you wish etc. In fact, there won’t be anyone to tell you what you can and cannot do. But if you rent a house, you are always at the mercy of whatever the homeowner will allow you to do.

3 – Unparalleled stability

The stability you experience when you have your own home is unparalleled. You understand that if you lock in an interest rate your payments remain constant. If you rent, you have no control over the increments in rental payments. The property owner may evict you or even sell the home from under you at will.

Final thought about buying vs renting

Renting a home can be a great place to start. But when you buy your own home you have a sense of permanence, and it also contributes positively to your financial future as you are constantly building equity. Additionally, buying a home provides security for your family knowing that they have a place to call their own.

Bio

Home Improvements You’ll Never Regret

When it comes to home improvements, there are some that surely will last a lifetime.

Home Improvements

Sitting in an apartment that was built when I was born, I wish the builders already had thought about some extras instead of going for the minimum standard. But on the other hand, I probably would not appreciate some changes as much. Although it’s impossible to predict the future there are a few enhancements that surely will give more comfort, sustainability and even increase the value of your home. So, no matter if you’re ‘dwelling or selling’, here are some areas that are a safe bet.

Windows

By replacing old windows with high-quality double-glazing windows, you are adding energy efficiency along with security to your home. Needless to say, it makes your house so much more comfortable, they look good and sometimes they are also easier to clean – depending on how your old windows looked like. This is definitely something you will love.

Heating

Did you know that upgrading a home’s boiler and heating system has the highest return of investment when it comes to increasing a property’s value? At the same time, it is even more cost-effective than other renovations and refurbishments.

Best is to combine the fitting of new heating equipment with other improvements, such as replacing old windows, sealing the entrance door and insulating the roof. In doing this, you can see your energy savings begin to show.

Electrical

Extreme temperatures can put an extra burden on your home’s electrical system. If yours is already older it would probably be a good idea to have it inspected and at the same time the electrician can advise you on electrical improvements you can do.

Getting the right lighting in your real estate is not only saving electricity but it also puts your home in the right light. With the right light fixtures you can cater for the right mood and set an ambience everybody loves.

No-Cost Home Energy Upgrades

Some countries help homeowners to make energy saving upgrades. Whether you rent or own, you could be eligible to receive free energy-efficient home improvements or get some financial help. It surely is worth to look this up in your country before you start your home improvements as this can really make a big difference in your budget.

Are you still looking for your own DIY project? Have a look at homes for sale that need renovations on https://www.all-real-estate.com/derelict-properties-for-sale

Or you just finished your home improvemets? Let us know how did it go in the coment below. If you are thinking to sell it, you can list it with us for free.

If your home improvemets are very extensive you might wonder where you can stay in the meantime. I know some who put a mobile home in the backyard allowing them to live hassle free until works were finished. In that case you might like to look up some mobile homes for sale.

Bio

Image: Image by Pexels from Pixabay

Why most Lenders Use Gross Income instead of Net Income

It might not seem logical that most lenders use your gross monthly income when deciding affordability instead of your net income, the money you actually take home. In the end, it’s the take-home pay you will use for your monthly expenses – this will include your mortgage.

Some Reasons why Lenders use the Gross Income

Foremost, it’s widespread. Most mortgage companies use the gross monthly income to analyse the debt-to-income ratio – and consequently affordability. Like this, everyone is using the same procedure and it is much easier to compare the loan that was offered. Of course, there are exceptions, a few loans do take monthly expenses into consideration.

Another reason is this, it’s a number that most clients know. Calculating the net income with taxes and other deductions is complex and can vary every month. Gross income is steady and easier to calculate monthly. It would be too work intensive for mortgage companies to adjust their loan programs for each person’s exact overheads.

Also, another factor that has to be considered is that when clients are asked to proof their income for their loan application, the last two years of your tax declaration is needed along with recent income statements. The gross amounts on those should align with the documents from your revenue office. As those documents will also show the gross income it is just a lot easier to use those numbers.

Thinking to buy real estate?

If you’re thinking about buying some real estate and want to know what you might qualify for, there are many websites out there where you can get a first idea. Just keep in mind to enter your gross monthly income. By visiting a few you will be able to find out what will be a good option for you.

If you are looking for a real estate bargain, check out our property listings at https://www.all-real-estate.com/property-list/for-sale

You may even be able to find a home that is so cheap that you not even need a mortgage. Does this sound intresting? Then visit our partner site https://www.propertyunder20k.com/ where you can find real estate for sale for less than 20,000 EUR.

Bio

Image: Image by Gundula Vogel from Pixabay