Tag Archives: investment property

How to Budget for a Property Investment

property investingWhen we hear the words budget and property investment in the UK, we often find our eyebrows clashing into each other like sumo wrestlers in a deadlock. It’s a challenge and a difficult one at that but we’re not saying it’s impossible. Need help? You’re in luck because here are some tips.

  • Identify your needs. – Recognize what needs to be spent on and how much resources will be necessary alongside where such funds will be taken from. There’s no point in making a budget without all these factors put together. Remember: needs, funds and sources.
  • Find a system that works for you. – We all have unique needs and different reasons for acquiring a property investment. This is why copying someone else’s budget isn’t going to cut it. Using it as a benchmark may do but be sure to attune it to the situation at hand. Make your own in accordance to your needs. There are various programs, apps and software to help you with this so you won’t necessarily be starting blind.
  • Make it a point to prioritize. – It is important to recognize that cash is a depleting resource. Add to that the fact that it’s hard to come by. Plus, expenses and requirements will have varying timing and values and so you might find it hard to provide for everything at once. This is why prioritizing your expenses is necessary. You need to determine which has to go first, which may be delayed or what can be foregone or cut back.
  • Be realistic and challenging at the same time. – A budget needs to be effective and to do so it has to remain realistic. Setting the bar too high to the point that it’s unachievable only ends in frustration. But that doesn’t mean that budgets should be loose. It has to be challenging too so as to discourage slack and wastage.
  • Use accurate data. – A property investment budget will remain futile if the values in it are inaccurate or were sourced incorrectly. Make it a point to research and check. Make use of up to date documents and information. This is no time to do some guesswork.
  • Work with three timelines. – When acquiring a property investment, one has to budget for expenses that will be spent prior, during and after the acquisition. Pre-purchase costs like research expenses, professional fees, security deposit and down payment should be prepared for as much as the principal. While post-acquisition costs like repairs and maintenance are crucial in identifying if the asset is worth it and doesn’t cost an arm and leg in the long run.

https://www.singerviellesales.com/about-us

Where to Find Commercial Properties for Sale

online-listingsWhat do you need a commercial space for? Simply put, these are assets used for business either as the product itself or as a tool in deriving products that make a profit. Examples of this would be shopping centers, store spaces, retail areas, industrial assets, offices and vacant lands among others. If you are looking for commercial properties for sale then you have to know where to look, lucky you because we’ve got a list of these places. Scroll down to see what these are!

  • Newspaper Listings

By far the most traditional source in this list, newspaper listings are one way to achieve this feat. The classified ads section are not only cheap on the part of the sellers, they too come on a daily basis creating more exposure.

  • Online Listings

With the charm of the digital world, commercial property listings are also available online. A few keywords on your search bar will garner you an endless list of sites and places to see. Just see to it that the websites you look at are trusted and scam-free. Check with the Better Business Bureau’s site to validate.

  • Advertisement Posters and Banners

There are also posters and banners around from your local library’s corkboard of announcements to an ad plastered on a wall. These are also an affordable alternative and are often directed to the community or local market.

  • Signage and Notices

The first thing that any commercial property seller would do to announce that an asset is up for grabs would be through signage and notices posted on the property’s windows or doors. Outside, there can even be a huge sign that screams “This property is for sale.”

  • Real Estate Agents

Of course, you can always hire an agent to do the work for you. With their expertise and wide range of connections, networks and sources, they can surely be of help especially if you don’t have the time to do everything on your own or if you are just more confident having an expert around.

  • People You Know

Lastly, ask people you know. It can be a neighbor, a friend, a colleague or whatever. You never know if they know of a place being sold that suits your needs.

Of course, it is advisable that you go with a combination of these sources. Not all sellers and owners put up ads in all of them, some do with combinations too while others can only afford one. Good luck in finding those commercial properties for sale!

Creating Value for a Residential Property Investment

Whether you own a residential property investment for personal use or for purposes of renting it out or even selling it, adding value is crucial to ensure that you make the most out of your deal. Besides, would you want your asset to simply depreciate and end up being worthless? Of course you don’t because that is not investments are supposed to work. To help you on the matter, we’ve got some advice from singerviellesales.com on how you can create value for your residential properties.

1. Plumbing and wiring systems are gold. – Future investors or buyers will prefer something that’s fuss free and it would be a worthwhile investment for you to actually update and improve the property’s plumbing and wiring systems. This is particularly true for older homes with defunct and damaged wiring, plumbing and drainage. Remember that it’s not all about what the eyes can see. A home is also valued for those that are not immediately visual and are kept hidden within walls and tubes.
2. Paint over old and peeling walls. – Dirty walls with peeling paint and wallpaper make a property look less inviting and thus bring down its value. By simply adding in a fresh coat of paint, often in neutral shades like beige and weight, helps the property look better kept, neat and attractive.
3. Kitchen and baths are always a good idea. – If you plan on renovating your space, focusing your energy and resources more on the kitchen and bathrooms will bring in more value for the asset. This is simply due to the market’s demand. Most people want pretty, spacious and functional kitchen and bath areas.
residential investment UK4. Acknowledge curb appeal. – The house itself should not be the only one that’s pretty and well maintained. The outdoor areas should too and that includes the curb, the front lawn, the walkway areas and the backyard. Simply keeping these places neat and tidy and with trimmed and well taken cared features will already boost prices up. By simply painting over an old fence, trimming the grass, tidying up the garden, uprooting weeds, installing walkway lights and lamps are already adding more value.
5. Bring in natural light. – Not only is it inviting but it also allows for rooms to be better lit up and makes them more eco-friendly and energy efficient. At the same time, sunlight in residential property investments helps maximize space, making areas appear and feel roomier than they actually are.