Buying a New House or an Old One: What Is a Better Investment Strategy

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Nowadays, the business world is governed by smart investments made by knowledgeable investors who have gained sufficient knowledge, skills and expertise to handle their financials in the best possible manner to ensure high returns. As far as the most valuable industries of investment go, the real estate has been and will always be one to treasure. Those who have been in this business environment for a while have already started mixing up their strategies in search of new ways of achieving their success through smart investments. The question of today is the following one: what is a better investment strategy when comparing the purchase of new and old houses that are available on the market? Let’s discover the answer below. The Benefits of Investing in an Old House As far as the old house option is concerned, there are important benefits to consider. First of all, when you choose an old property to invest in, you will be able to negotiate the purchase price a lot. Those who sell them are aware of the fact that old houses could not cost more than modern ones unless they have special features that make them moreattractive. Moreover, choosing an old property gives you the possibility to add value to it by renovating it so that it might match your magic image of the perfect property to sell for high prices afterwards or live in. Next, we cannot avoid the main benefit that comes from purchasing an old house, namely the possibility of picking up a bargain. Paying lower than expected on the new property will give you the chance to create something valuable with it given the financials you have left for the refurbishing process. In addition, you should also know that old houses are stronger performers in slower markets where you […]

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Autumn Statement Reaction

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The announcement of additional funding for affordable housing across the UK and new homes in areas “of high demand” is good news for the housing market.   The planned budget of £2.3bn on infrastructure surrounding theses homes is also a sensible move, but I cannot help but feel the government still doesn’t truly understand the property market in the UK. The schemes the government launch are typically geared toward the first-time buyer, yet what we really need is a way of helping the second-steppers move up the property ladder, which would stimulate the market but also increase stock for first time buyers. If we found a way to encourage property owners to move, we would both create both greater demand and greater supply. Ultimately we need to enable the entire market to turn over – and as much as first-time buyers are an important part of that, we can’t forever build starter homes. People need to move into bigger houses and different areas as their lives change, so the natural movement of the market needs re-establishing. Further focus is also required on the red tape and processes surrounding building, and I believe this should be streamlined under one governing body rather than individual local authorities. This holds up the development of sites through the amount of planning applications required and more needs to be done on allowing sites – including brownfield sites – to be freed up for development.  Mark Lawrinson, Regional Sales Director, Portico Estate Agents .

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Donald Trumps Effect on the Property Market: A round up from the media

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Donald Trump becoming President of the United States took the world by storm. Not only was it unexpected, but it has definitely had an impact on world financial and Property markets. So this week, we have looked to various sources to discover Trumps impact on global property. Estateagentoday.co.uk has commented, ‘What longer term impact Trumps victory has on global events is not so clear, given that he is an unknown quantity.’. Trumps effect on the markets will be seen in time. However, as Estateagenttoday goes on to say, ‘Many companies and investors may look to move their investments and companies at least in part, out of the US to safer havens’ (Jean Liggett: CEO, UK Properties of the World). As Trumps effect is still unknown, this is just a prediction. However, we have noted that on becoming President, many Americans crashed the Canada Immigration website, in an attempt to see if they could move there. Furthermore, it is also possible (according to Liggett) that if Americans move their companies abroad, they could come to the UK as it is a secure and English speaking nation. The Evening Standard concurs with Americans leaving to invest in Property as a possibility. Joanna Bourke notes that particularly in London, Americans will start buying property, due to the falling value of the pound against the dollar. Peter Wetherell notes, ‘there will be a surge of property investment from the USA into London’ (Evening Standard) Furthermore, as quoted In the Estate agent today article, Simon Tolitt, a sales director at UK Sotherbys International has stated that ‘Trumps election victory will boost investment into the UK Housing Market, particularly London.’This could be because investors do not like to buy in uncertain markets and a Trump win would mean a new change of policy. Tollit goes on […]

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How the Internet Has Changed the Home Buying Process

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There are nearly 3.5billion internet users in the world today and the average adult now spends over 20 hours online per week. So, it is unsurprising that online portals have revolutionised the property market in recent years. How much has the internet really changed the home buying process? Let’s find out. Finding a Property or Estate Agent Property giant Rightmove has 130 million visits to its site every month, which lead to more than 4 million enquiries with its listed agents and developers. And research firm Hardman claims that 90% of property is sold thanks to a customer contacting a traditional estate agency after searching for properties on sites like Rightmove or Zoopla. 10 or 15 years ago, before the online property search boom, most people relied upon estate agent window listings or the local press for finding their dream home. However, despite the rise in online property listings and searches, the vast majority of people still choose to buy and sell through a physical agency, rather than an online alternative. And according to a NAR survey , just 9% of sellers sell their home without the assistance of an agent at all (online or otherwise). Why? Well, many people ‘trust’ the process of working with a local estate agent more and for sellers it also removes the hassle of marketing their own property to potential buyers. It also should not be taken for granted the great job that a lot of estate agents perform once an offer has been accepted on a property. They have dedicated in house sales progressors who assist the solicitors and the other members of the chain. This results in less abortive cases and hopefully (when the estate agents and the solicitors work together well), the time to exchange and completion can be reduced. Researching Anything and Everything […]

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Buying Real Estate Is About More than Just Finding a Place to Call Home

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The real estate market has always been one of great value in the finance world. When you decide to purchase a property, the investment is an important one for you no matter the intended purpose for which you decide to buy it. It may be that you currently decide to buy a new house to become your home, but things can always change so your current investment might also come with a different significance in the future. Therefore, buying real estate is always about more than just finding a place to call home. Think Twice Before Making the Investment When you find a house that suits our current needs in terms of having a home to live in, it is always important to think twice whether this investment will be valuable for all possible reasons in the future as well. It may be a great home investment now, but will it also remain a valuable one in case you decide to move in the future? You may need to rent or sell it then so all the important factors need to find place in your planning stage now. When you search for the perfect property, do not only consider the fact that it should be your dream home. Try to always think for the future and invest in a property that would be valuable no matter the circumstances or how you might choose to gain revenue from it in the future. Invest Wisely and You Will Never Lose Money No matter whether you have the cash available for paying for the new property or you may need a bank credit for this, the investment is one that is not to be neglected. So, you do not only ensure a nice place for you to live in but also spend a lot of […]

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Towns To Trick Or Treat

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October is coming to an end and Halloween is right round the corner! Many children are hoping to fill their pockets with goodies when trick or treating around their neighbourhoods. However, some UK cities are stingier when it comes to delivering the goods to trick or treaters. In conjunction with  OnBuy , we conducted a survey of 65 UK cities and found that Hull was the stingiest city in the UK, spending a meagre average of £1.25 on sweets! Followed closely by Nottingham and Cambridge. On the other end of the spectrum, the most generous sweet spender was Leeds, who spend a whopping average of £16.40, followed by Colchester and Bristol. We also examined which city is the most Halloween mad. Coventry came top of the table, where 55% of young residents will go trick or treating! In Coventry, you best stock up, as your sweet supply will last just 55 minutes.

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Why You Shouldn’t Be Afraid to Relocate

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If your business is stalling a bit in its present location, then there’s no reason you shouldn’t up sticks and move to a better one! Of course many people hold back from this sort of move for fear of making things worse, or because they feel it’s too big of a wrench, but a new location could bring many benefits to your enterprise. Here are just four of the advantages an office move could bring to you: You could find lower overheads Your current premises might be costing more than they should, especially when it comes to bills and sundries, not just rent. Of course you want to get something back from your monthly or quarterly rental payments, so relocating to a new unit, site or block could unlock all sorts of goodies. Those offices to let in Twickenham could represent the chance to find new staff, for example, or to find a new target market, or to downsize the office slightly and introduce agile or home working – finally. Agile working in itself saves a lot of money and usually boosts productivity and loyalty. Finding more talent You can’t run a successful business if you can’t find enough good people, so if your present area is a bit short on the talent and skills you need to thrive, it’s time to move. Your new area may well give you access to the right people, as well as to other businesses and ideas, to help you to stay ahead of the curve and also ahead of the competition. Finding a new market Sometimes you simply outgrow a place – if you can’t develop or grow any further in the place you are now, then it’s time to go. Look for areas where there’s more demand for your product or service, so that you can expand. […]

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Top tips for pre-purchase of commercial property

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If your business is expanding, you might be looking to get in a commercial property. This can be an exciting and slightly terrifying step into growing your business even further, and with the right advice , you can move into this new phase with confidence. Before committing to a buy, there is a lot of preparatory work you can do in order to secure the perfect space for you and your business needs. Weigh up the pros and cons You must have a good think about whether you can really afford to do this, and a good way to start this thinking is by drawing up a list of pros and cons. For example. buying means you are free from the stresses of rent increase, and as the property increases in value, just like house prices, your business can benefit from the increases. You can also remortgage should you need to, as well as having the option of subletting a part of the premises in order to recuperate some costs. However, the reverse of this is true also and if the property depreciates in value, then your business will make a loss. You also need to bear in mind that if you own the property, any failings and issues will be your responsibility. Location Once you’ve established that you can afford to make the investment, it’s a good idea to think strategically about the location. Consider your staff and how they will get to work. Similarly, you need to think about accessibility. You are likely to need goods delivered, and possibly collected too. Is this going to be easy? Is the building within reach of local amenities such as a post office or at least post box and a bank? Will you or your staff be able to pop to the shops […]

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Will purchasing a wine estate give same return as buying bottles of wine?

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Buying wine from a wine estate is not the same thing as buying wine bottles from the supermarket.If you’re serious about investing in wine, you should know that the bottles availablein shops have a much lower value, and most people buy them to drink the wine, not to invest in it. There’s more to wine investing than meets the eye, although for your investment to pay off, it needs to be done right.Regardless of your level of experience, wine faults can cost you. Here some tips to help you see that wine estate and bottled wine are not the same thing. Wine labels are fundamental They say we should never judge a book after its cover. However, when it comes to fine wine, you need to learn to read the label. Wine labels might seem difficult to decipher, especially if you’re not a wine expert. Nonetheless, the sooner you learn how to spot a good bottle the better chances you have to make a sensible investment, and reap long-term benefits. Every bottle must have details written on the front and back label. Vintage – this mentioning is actually the grape harvesting year. The wine itself can have a different bottling period, so you need to be careful when interpreting this information Varietal – grape type or grape blend used to make the wine.  For instance, you can see Shiraz, Tignanello wine , Chardonnay, or Cabernet Sauvignon grapes used in the making of Cabernet Sauvignon wine. Appellation or region – this particular reference gives information about where the production of the grapes occurred. The region can be broad: you might see the name of a country written on the label or a region, such as France, Bordeaux for example. Name of the wine, producer or brand –some types of wine advertise a brand or name prominently, so that the […]

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