Archive for the ‘General’ Category

Essential Apartment Finding Knowledge

Monday, November 8th, 2010

When you’re on the hunt for a good apartment you need to be savvy with some essential apartment finding knowledge. These essentials are not difficult but it’s important to ensure you do them or you could miss out or worse get ripped off with your apartment finding efforts.

1. Start off with a business mindset. You going to be parting with some hard earned money so treat the matter professionally in both conduct and appearance.
2. Be prepared with knowledge of what you want. Do your home work and list what are essential requirements for your apartment and what extra amenities you would like.
3. Be realistic and willing to let go of desires that are outside your price range. As you climb life’s ladder of success you may be able to have them later.
4. Determine the location you want before you start out apartment finding. Take into consideration what you will need in your location such as schools, churches, shops, parks, night life or anything else to suit your particular lifestyle and culture. Remember that the wrong location can cost you dearly in money and time with the cost and time of commuting and also friendship if you move to far away.
5. Determine what arrangements are required regarding pets and other tenants. You need to know what you are solely responsible for and whether you are permitted to take in borders to help cover the costs.
6. When you find the place of your dreams you will need to be decisive, quick and prepared. If you fail to be quick and decisive you may find it will become unavailable while you spend time thinking it over. If you’re not the decisive type it may pay you to have a friend or family member with you when you view apartments. If you’re not prepared you may lose out while you run around trying to get the needed papers or whatever maybe required.
7. Always checked ahead of time as to what will be needed from you before you go apartment finding. Some of the things generally required by all persons entering into the agreement include;

1. A valid ID. This should be a government issue with a photo on it such as a passport or drivers license.
2. Proof of income. You maybe a person of your word, but these days some form of written proof will be required and verified. It is recommended you have at least 3 copies of an income statement and one of those should be for the last or current month.
3. Have a record of your living placement history. Include everything from regular renting to holiday accommodation to staying with family or friends.
4. Current contact information.
5. Your Social Security Number.
6. The Make, Model and year of each of your cars.
7. The money to pay the financial arrangement required.

Be prepared to negotiate the price or any other arrangement regarding the apartment. Depending on the strength of the economy and availability of apartments you may be able to negotiate a better deal for yourself. We hope you have found this, ‘essential apartment finding knowledge’ list useful and have success in your search.

Real Estate Investment – Profiting from Overseas Property Investment

Friday, April 16th, 2010

Smart investors know that overseas property investments can yield 25-100 % returns if properly managed. One intelligent measurement to lower risks is to lock in the the value of the investment property with the help of third parties so that if the value goes down you will be able to sell the property to them and not loose a penny.

An example would be buying a international property, if you pay 80K and the market value falls to 50K, having locked it’s value through a third party you can still sell it for the original 80K, now if on the other hand the property appraises at a value much higher than what it was originally purchased for, all you loose is a small lock in payment but made a substantial profit.

This is a different way of investing compared to other markets, as you may be able to deduct the advantage is that you are able to lock in “the risk” at a set level in exchange for a small payment which represents the maximum loss you are willing to take. This way overseas property investors have a high leverage when investing in foreign real estate.

The best way to invest in foreign real estate listings is to select an established or “currently in development” market, as well as making sure that the laws in such places are favorable to foreign investors. Good investment markets which fulfill these conditions are Dubai and Cyprus.

Cyprus property can be obtained after completing a “permission to purchase” application with the Council of Ministers. This is a step every foreign investor must complete, in order to purchase property in Cyprus which is not very restrictive. An investor can purchase up to four thousand square meters of land and an additional house or apartment.

Similarly, buying Dubai property offers many advantages due to the fact that real estate prices keep increasing because of the high demand these properties have. The demand increased radically back in 2002 when the crown Prince made an announcement which allowed foreign investors to purchase property. Due to local tax and business advantages this particular market blossomed and it’s now a great place to develop any business idea.

Real estate investments in foreign countries offer great ROI “if and only if” the investor verifies local laws pertaining to properties and business.

Always remember to diversify your investments, even if you are investing in a relatively stable market.