"I have a very good family. I'm very fortunate to have a very good family. I believe very strongly in the family. It's one of the things we have in our platform, is to talk about it."Dan Quayle
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Five Things To Do Before You Sell Your Home
1. Surf the Internet. A NAR survey found a twelve-fold rise in the number of Internet home shoppers during the previous three years. Services found at http://Domania.com like "Home Price Check" and "Value Check" will help you assess your property’s ...
What Are The Most Popular New Home Floorplan Features? - Part II
#3: Split-Floorplan Layout – There are two basic types of floorplan layouts, which are primarily differentiated through their inherent treatment of the master bedrooms suite vs. other bedrooms vs. public space (i.e. great room, den, kitchen, etc.). The ...
What is Solar Energy?
The most precise Solar Energy definition is simply: Energy from the sun. But what is solar energy really? There are two types of solar energy: Thermal Energy & Electric Energy Thermal Energy Thermal Energy is everywhere. It's lights up our days. It ...
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Just because real estate prices seem to have hit a temporary ceiling in many countries around the world, that doesn’t mean that profits from property investments are hard to come by.
Even during a real estate market slowdown, stagnation or depression profits can be made locally and overseas. This article shows you the top ten tips that real estate investors apply to their property portfolio building strategy to ensure success from their investments.
1) Research the curve - the concept of a property market cycle existing is not myth it’s a fact and is generally accepted to be based on a price-income relationship. Check the recent historical price data for properties in the area of the country you’re considering purchasing in and try to determine the overall feel in the market for prices currently. Are prices rising, are prices falling or have they reached a peak. You need to know where the curve of the property market cycle is at in your preferred investment area.
2) Get ahead of the curve – as a basic rule of thumb, professional real estate property investors seek to buy ahead of the curve. If a market is rising they will try and target up and coming areas, areas that are close to locations that have peaked, areas close to locations experiencing redevelopment or investment. These areas will most likely become ‘the next big thing’ and those who by in before the trend will stand to make the most gains. As a market is stagnating or falling many successful investors target areas that enjoyed the best levels of growth, yields and profits very early on in the previous cycle because these areas will most likely be the first areas to become profitable as the cycle begins turning towards positive once more.
3) Know your market – who are you buying property for? Are you buying to let to young executives, purchasing for renovation to resell to a family market or purchasing jet to let real estate for short term rental to holiday makers? Think about your market before you make a purchase. Know what they look for in a property and ensure that is what you are going to be offering them
4) Think further afield – there are emerging real estate property markets around the world where countries’ economies are going from strength to strength, where a growing tourism sector is pushing up demand or where constitutional legislation has been or is about to be changed to allow for foreign freehold ownership of property for example. Look further afield than your own back yard for your next property investment and diversify that real estate portfolio for maximum success.
5) Purchase price – set yourself a budget that will realistically allow you to purchase what you’re looking for and profit from that purchase either through capital gains or rental
yield.
6) Entry costs – research fees, charges and all expenses you will incur when you buy your property – they differ from country to country and sometimes even from state to state. In Turkey for example you should add on an additional 5% of the purchase price for all fees, in Spain you will need to factor in an average of 10% and in Germany fees and charges can be in excess of 20%. Know how much you will have to incur and factor this amount into your budget to avoid any nasty surprises and to ensure your investment can become profitable.
7) Capital growth potential – what factors point to the potential profitability of your real estate property investment? If you’re looking overseas at an emerging market, which economic or social indicators exist to suggest that property prices will increase? If you’re buying to let out are there any indications to suggest that demand for rental accommodation will remain strong, increase or even decline? Think about what you want to achieve from your investment and then research and find out whether your expectations are realistic.
8) Exit costs – if you will incur substantial capital gains taxation liability if you sell your property investment for profit, will that render the investment profitless? In Spain a foreign buyer can incur up to 35% capital gains tax, in Turkey on the other hand property sales are capital gains tax free if the underlying real estate has been owned for four or more years.
9) Profit margins – what levels of capital growth can you realistically gain on your property investment or how much rental income can you generate? Work out these facts and then work backwards towards your initial budget to work out your potential profit margins. At all times you have to keep the bigger picture in mind to ensure that your real estate investment has good potential for profit.
10) Think long term – unless you’re buying property off plan and intending to flip it for resale and profit before completion you should view real estate investment as a long term investment. Real estate is a slow to liquidate asset, cash tied up in property is not simple to free up. Take a long term approach to your property portfolio and give your assets time to increase in value before cashing them in for profit.
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 Nikkei falls below 8,000 on US economic concerns - Earthtimes
Tokyo - Japan's key Nikkei 225 Stock Average fell below the 8,000 line on Thursday on concerns over the US economy. The Nikkei index tumbled 357.59 points, or 4.32 per cent, to 7,915.63. The broader Topix index of all first-section issues also lost ...
Police seize assets of 'mafia banker' - The Australian
Anti-mafia prosecutor Roberto Scarpinato said the seizure of property and businesses from Sicilian "supermarket king" Giuseppe Grigoli was "one of the biggest anti-mafia operations in recent years". Mr Grigoli was arrested last year for alleged links ...
Rioters attack government office in Gansu - South China Morning Post
A crowd of about 1,000 people attacked a government office in Gansu province, smashing cars and beating police and officials in a riot sparked by a property dispute, the local government said on Tuesday. A group of more than 30 people seeking redress ...
Blaze destroys scores of homes in posh California community - Gulf News
Los Angeles: Strong winds fanned a bush fire that destroyed at least 70 homes in the wealthy southern California community of Montecito on Friday, authorities said. Actors Michael Douglas and Rob Lowe own a property in Montecito, where helicopters ...
Yahoo CEO Jerry Yang to step down - Newsday
Reporting from San Francisco - Unable to rescue the Internet giant he co-founded from its worst decline since the dot-com bust, Yahoo Inc. Chief Executive Jerry Yang said Monday that he planned to step down as soon as he could find a successor. Yang ...
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