Wednesday, October 9, 2019

How To Buy Property Abroad

Thinking of moving overseas? Or perhaps you want to invest in a holiday home? There are lots of reasons you may want to buy property abroad. In each case, it can be a big decision that requires a lot of research. Buying a home is complicated enough without having to familiarise yourself with foreign customs and laws. To make sure that your property purchase is a success, here are just a few useful tips.   
If you can, always view first
It’s now possible to buy property online without ever even stepping foot in the building. Some realtors may even be able to offer virtual tours filmed on their phone and broadcasted to you via video communication. However, this is still very risky – inspecting the property in person will always give you a better idea of what you’re buying into. In the case of new builds that haven’t been constructed yet, there may still be show home viewings that you can take advantage of such as these apartments at The Towers. Visiting in person could also allow you to check out the area, which is just as important.
Choose the right mortgage
Unless you’ve got the funds to buy in cash, you’ll likely need a mortgage. You could apply for an overseas mortgage from your current country as offered by lenders such as Knight Frank Finance or you could seek out a foreign mortgage. Sometimes it can be easier to get a mortgage out in your home country – you’ll be more familiar with how it works and you may not have to hire a translator. Always shop around for a mortgage and don’t automatically choose the lender that an agent or developer recommends.
Consider the currency exchange rates
When buying a property abroad, you’ll have to factor in the exchange rates. These can fluctuate all the time and could affect the value of the home you’re buying, so you should be wary of when you place your offer and make the payment. There will also be a huge transfer fee – hiring the help of a foreign exchange broker could be worthwhile for getting you the best deal.
Get to grips with local tax laws
Tax on properties and land varies from country to country. There could also be other fees to be wary of such as service charges. Hire a financial advisor so that you’re aware of all the costs and so that you don’t get caught out by hidden expenses.
Hire a good solicitor
Buying a home comes with a lot of paperwork and there will likely be even more of it required when buying a home abroad. There are solicitors out there such as Judicare Group International that can help you to handle the entire buying process abroad, ensuring that it is all done correctly and that you don’t get swindled. Always find your own solicitor rather than going on the recommendations of foreign agents and developers. 

Friday, September 27, 2019

Get On the Property Ladder Sooner Than You Think

It can take a while to get on the property ladder, because of the costs involved
and needing quite a hefty deposit. But when you are renting, which can in many
cases cost more than a mortgage monthly repayment might, then you can really
face a bit of an uphill struggle. So here are a few things that you can do to
save for a deposit, without having to save for the next twenty years.



Stop Renting When you rent your own place you are likely to have very little money left over
at the end of the month. With things like bills, rent, and utilities, then it can mean
that you’ll have to sacrifice a lot of money to be able to save anything. So there are
a few options. 1. For starters, you could look to rent a room in a house, rather than having your own
place. Then at least you will have more money to save, and you know it will be only temporary. 2. Another option is to return back to your home with your parents, just for a little while. Again, it will help to reduce costs, as so many things will be divided, from bills and so on. 3. You could look to get a lodger in your rental, if you have a spare room or two. You’ll need to check that you are allowed to sublet where you are renting, but if you can, all it takes is advertising and then your rent can be split in half. That half that has been saved can then be put away into a savings account. 4. You could also look to rent somewhere smaller. Again, this could be temporary, but
a smaller apartment, rather than a house, could cost a heck of a lot less. So there can
be plenty of money to save. Get a Helping Hand with Your Deposit If you are able to get a little help with your deposit, then it can make buying a property much more realistic (and hopefully, something that can happen much sooner). There are a number of ways to do this. 1. One of the things that you need to do is to make sure that you are looking at a variety
of home loan brokers to see what the best deal is for you. There are a variety of different
interest rates and deposits needed, so you need to see what is going to work best for you. 2. If you have a parent with some money to spare, then could then lend you (or give you) the money for a deposit? Once you have the deposit money, making the monthly repayments are going to be similar to that of paying rent, but it just means you can get
what you want sooner than later.
3. If you can’t directly borrow cash from someone, then are there loans like a guarantor
loan that can make a difference. You just need to look for a guarantor to that will sign
to say that they can cover costs if you’re not able to.

Friday, September 6, 2019

Designing A Kitchen For Your New Home

If you’re looking for a kitchen for your new home, we have some different designs to
consider…



White Fitted Kitchen - A Kitchen That Stands The Test Of Time
White fitted kitchens are an option that is well worth considering for any home. These
kitchens have been designed to stand the test of time. They boast a timeless
appearance that is never going to look outdated or unfashionable. After all,
when making an investment as substantial as this, you don’t expect to be changing
the style of your kitchen every few years.

Another reason to consider a white fitted kitchen is that you can easily create any
style you wish. You can choose different colour accessories and opt for kitchen chairs
or bar stools made from a whole host of materials. This means that you can change
the look of your kitchen whenever you get a bit bored of the current design and it
won’t cost you a lot of money either. You can even adapt your kitchen to suit the
time of year; add pastel shades throughout the spring and opt for rich reds during
the winter. Another benefit of choosing a white kitchen is the fact that it is fresh and
clean, which are classic words for describing the perfect kitchen. After all, this is
a room whereby hygiene is of paramount importance. White is also a colour that
is associated with positive feelings and emotions. It is said to represent purity,
innocence, and happiness. If you have a small kitchen, white can make it feel
more spacious, as it reflects light. If that wasn’t enough, you will never be
limited in terms of the appliances you can use, as all finishes look good with white. 

Shaker Kitchens – What Defines Shaker Style Kitchens?
If you are not completely familiar with the shaker style, you may be worried that
you could end up purchasing something that is not actually in keeping with the
trend. When we start to talk about what defines shaker kitchens, you will be
shocked by how many elements are familiar. This is because, despite the
traditional roots of this furniture, the design ethos that was laid out by the
Shakers is still very popular today. So, what should you expect when looking
for shaker kitchens for sale? Shaker kitchens place huge emphasis on practicality
and they are very minimalistic in their approach. You can expect light colours,
handcrafted appeal and clean lines. Originally, the Shakers would use the likes
of pine and maple to create furniture. However, there are other woods used
nowadays that look great and are in line with their design principles. This includes
the likes of walnut and oak. Other Shaker design principles include simple
door handles, glazed cabinet doors, and kitchen islands. In addition to this,
storage is very important when it comes to these kitchens, as everything has
its place. Therefore, you really need to focus on functionality and
ensuring that your kitchen accommodates all of the appliances and cookware
you have. 

Modern Designer Kitchens – Design Principles For A Modern Kitchen
Modern designer kitchens are a must if you want your home to be one that
emulates the latest trends. They’re popular with new homes like those at
Harmony Living. But, how do you achieve a contemporary designed
kitchen? There are a few modern design principles that can help you to get
started. Read on to find out more. 

The first principle you need to be aware of when it comes to modern kitchen
design is that the ergonomics should address more than cooking. You need to
think about everything from how you are going to unload your grocery shopping
to how you enter the room. These design considerations are often overlooked,
which can result in a confused design. Modern kitchens are all about simplicity
and a smooth layout. You should also make sure that there is a linear
relationship between the dishwasher, trash, and sink when looking for designer
kitchens. In addition to this, simplicity and minimalism are important principles
when it comes to modern kitchens for sale. You don’t want anything that is
overcomplicated or too fussy, and you should only pick one or two decorative
pieces to bring the room to life. Keep everything clean and fuss free. You
also need to maximise space utilisation if you want your kitchen to have a
contemporary feel, as a comfortable open space is a must. Last but not least,
horizontal lines are a common feature in modern kitchens as opposed to a
vertical and square design.

Thursday, September 5, 2019

How to Avoid Expensive Mistakes When Buying a Property


Image Credit - Pixabay CC0 License

Purchasing a property of your own is a huge deal, and likely to be the most expensive
thing you ever buy. The financial commitment involved in property means that it is vitally
important to think any purchase through very carefully. This should help you to avoid
costly mistakes that you later regret.

Live in or Let Out?

The first thing to think about is whether it is going to be a home for yourself or a property
that you will rent out. The option that you choose will have a massive impact on your
property search. 

Unless you are planning to live in your rental property at some point, you need to keep
that bottom line as a firm focus in your mind. Think of it with your business head-on,
rather than your home-hunting head-on. 

Choosing a buy to let property is all about considering which property offers the
most robust investment, and will produce the most significant yield for you. A
property that stands empty for months on end because no one wants to live in it
is going to hit your bank balance pretty hard.

If your intended rental property requires refurbishment, keep close tabs on how
much you spend on these. Ensuring that it meets all the relevant health and safety
regulations is the biggest concern, and this should be prioritised rather than blowing
the budget on decorating

Don’t forget to choose a style and standard of finish for the property which is suited
to your intended rental market. For example, you would need a high-end finish for
the luxury market, and a clean, tidy, durable finish for the family market.


Image credit - Pexels CC0 License

Forever Home, or Just Bridging a Gap?

If you’re choosing a property for yourself, your budget will probably dictate whether
or not this is going to be your forever home. If you are spending big and hoping to
get your dream home, then there will be less that you are prepared to compromise
on in your property search.

You will need to approach your property search with a different mindset based on
how long you will live in it. If you are looking for a property to get you one step
closer to owning your dream home in the future, your priorities will be different.

When buying a home that will act as a stepping stone, you will need to consider
the resale value carefully. Choosing a home which allows you to add a lot of value
in a short space of time is a good idea for this. That way, you can see a return on
your investment much more quickly, and focus on achieving your end goal of living
in your forever home.

Before investing in renovations to add value, you should do your research on other
homes recently sold nearby. Doing some research should show you if there is a
sealing price on homes in your street, that would prevent you from realising the
return that you need to fund your next purchase.

Location, Location, Location

The location of your new home impacts strongly on its value, and choosing the
wrong place could prove to be a costly mistake. 

Always check out the neighbourhood when house hunting, and try to gauge whether
it is the type of place that you would like to live. If you are looking for a location that
is convenient and offers plenty of local amenities, then Savana Living could be ideal.
Take the time to think about what your priorities are in terms of location, to ensure
that you pick the right place for you.

Don’t forget that location can also influence your costs, so this is something to be
aware of. How much property you can buy for your money varies considerably from
place to place.

You will also need to consider the costs of commuting from your new location, and
how that impacts your monthly expenditure.

Be Objective

Don’t forget to stay objective when house hunting. It is so easy to get carried away
and let your heart rule your head when you find a beautiful home. Before taking
the plunge and going for it, you will need to consider all the practicalities to make
sure it is the right house for you.

Making a mistake with your house purchase could prove very expensive in the future.
Think carefully about the affordability of the purchase, how much the running costs
will be, whether the location is right, and whether you can add any value. 

Wednesday, August 28, 2019

3 Ways to Boost Your Income

Money makes the world go round, doesn't it? We may feel like, in life, there are many things out of our control. however, how we make money and how much we make is something we can always be in control of, even if you don't feel like it right now.

Image Credit: Pexels CC0 License
Most people want to be or are aiming to be financially stable now or in the near future. However, you can take back control of your finances no matter what your current earning potential is and change if for the better regardless of how much or how little you have right now.
So what are the best ways to help you become financially secure and provide you with an additional income or nest egg for the future?

Property.
It's long been known that investing your money in property can yield a good return whether you are looking into property development or long term rentals to boost your monthly income. Property management is also a great choice for those wanting to increase their property portfolio but who don't have the time to take on the responsibilities of selling property on or taking on renters.
Whilst the property market may not be in a stable place right now, that doesn't mean you shouldn't invest. Long term investments can pay off in the long run.
Create a Side Hustle.
Look at ways you can diversify your income and add a little to your income or nest egg by finding new ways to generate an income. Some great ideas are utilising the internet to earn a legitimate income from home.
Think starting a blog, freelance writing, and becoming a virtual assistant for starters. All three options give you the freedom and flexibility to work from wherever you are as long as you have access to the internet and something to access the internet. Use skills you already have to help people out in a virtual assistant capacity by running social media accounts, replying to emails, copywriting, ghostwriting, video and image editing and much more.
Whatever your talent or passion, you can be sure to find something for you to enable you to generate an income regardless of how much. Maybe you want to market and sell your own crafting creations or baked goods from home. The choice is yours as you start your new career path and boost your income.
Investments.
There are many ways you can invest your money. Investing in stocks and shares can give a real return on your money and boost your finances, did you know you can start with a really small amount now and even do this via apps on your phone! However, remember that this isn't guaranteed and investing in this way can result in losses.
If this isn't your kind of thing, then look at P2P lending where you can lend money to up and coming enterprises. Again as like stocks and shares, it takes a strong person to take the risk, however, should you invest well, you can potentially see a great return on your money.