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Showing posts from September, 2018

Pre-Sale & Pre-Purchase Valuations - Key Factors to Consider for Fulfilling Commercial Property Dreams

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Buying & selling of commercial property is a huge hurdle especially for the people who are doing it for the first time. To help in making a better decision, it becomes essential to assess and evaluate the property. Understanding the local market factors is yet another way that helps you in making positive strategic decisions about the sale or purchase of your commercial property. Taking advice from an expert also assists you in achieving the best potential and in identifying the accurate property market value assessment with a pre-purchase and pre-sale valuation. Now the question that comes in everyone’s mind is what actually terms pre-purchase or a pre-sale valuation mean? This valuation basically provides a rough estimate of the property value taking all market factors into consideration. Market conditions, demand and supply of such properties, financial conditions and other factors have a strong impact on marketability & value of your commercial property for ...

Regular Property Inspection - Make Sure That Your Rental Property Meets Safety Standards

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As a landlord, performing inspections at regular intervals is an important part of the job. A good landlord-tenant relationship solely depends on the mutual co-operation and communication. And this type of behaviour especially applies while handling rental property assessment. This involves periodical reviewing of the property from the inside out and is always the best way to protect your property from any damages & also to ascertain that it meets the safety standards. To begin with the process, make a checklist for your property and update it regularly after doing an inspection. Here are some important points that should be included in this checklist – Smoke Detectors – As per the smoke alarm laws, it is mandatory that all properties should have smoke detectors in proper working condition. Checking it regularly by pushing the test buttons and ensuring that the alarm sounds is necessary to avoid any unwanted condition. Railings – If your rental property in UK ...

“Cash for Keys” - Right Option to Get Bad Tenants Out of Your Property

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Evicting a bad tenant is one of the most emotionally draining experiences. Telling them to leave the property can be understandably anxiety-inducing and nerve-wracking too. If the tenant is occupying your rental property without permission or has over-stayed, the most commonly used and legal way to move them out is through the formal eviction process. Now, there are many other options that make the process to go more smoothly & get the job done without evicting your tenants. Offering incentive or in other words “cash for keys” is one such option that can help you save from a lengthy and hectic eviction process.    If explained in simple terms, it is the strategy of giving money to the tenants to leave the property voluntarily. Though this may not be the most instantaneously appealing methods for handling tenant turnover, it is certainly one of the most effective means of doing so. This method has shown successful results and helps prop...

Investing in Real Estate – A Veritable Source to Boost Your Retirement Income

At some point of life, we all have dreamt of a comfortable retirement with enough money to continue lifestyle and to achieve this, strategic planning is a must. However, planning for the retirement does not only mean saving a good amount of money, it requires setting your goals and priorities as well. Most people usually think that retirement is an easy way to move out from hard work. But when it comes to building your retirement pot, it’s better to diversify and mitigate the risks of investment. Alongside investing in stock and share markets, real estate investment also proves to be a better option. Investing in properties has always been a part of balanced portfolios. With the regular rental income and long-term potential to increase in value, this is usually a safe way to boost your retirement income. ·          Buy a property for sale & rent it out – This is one of the simplest ways of investing in the competitive real estate m...