Browse Tag by investment
Lifestyle

How To Find & Buy Your Dream Home

How To Find & Buy Your Dream Home

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Let’s face it, property purchasing is never easy. It can seem to take years to locate a suitable home for your wants and needs, and it’s likely you’ll end up in a bidding war against another motivated buyer that catapults the property right out of your price range. Rather than settling for a subpar house that doesn’t come close to your expectations, it’s time to take back control over your property search so that you can have the best chance of buying your dream home. Thankfully, this guide contains a whole host of different tips and tricks that you can utilize to locate and invest in your ideal property in no time at all, so read on to find out more! 

Choosing The Right Property Type 

There are so many different property types that you can choose between on the market today, so the first decision that you need to make is this – what kind of home do you want to invest in? The two main differences that separate one kind of property from another is the amount of work that needs to be done to bring it up to scratch, as you can likely source stunning new builds like Simply Living Homes or alternatively stumble across a project property that needs a little TLC. Of course, a newly built home is likely to be far more expensive, whereas a project property will be as small as half the price. A project property gives you more control over key details, as you’ll be able to make decisions regarding developments and decorating. However, these developments and decorating endeavours can easily bring your total spend up to the same level as a new build, so it’s up to you whether you have the time, energy and imaginative vision for a project property. 

Contacting A Skilled Realtor 

Contacting a skilled realtor is the perfect way to both source and invest in your dream home, as they will have a healthy stock of properties along with years of experience in the industry. They will be able to use their expertise to help you secure the best deal for the most suitable home, and you’ll be able to rest easy knowing that you’re in good hands throughout such a large investment. Of course, there’s a huge amount of money, time and energy at stake when you purchase a house, and a skilled realtor can help you to ensure you end up with the best possible result. When searching for a good realtor, be sure to check reviews that have been left by previous clients to get a more honest look into the quality of service provided. 

Figuring out how to find and buy your dream home has never been so simple when you can take the time to make the most of the excellently effective steps detailed above. There’s no time like the present to start your property investment journey, so what are you waiting for? 

Finance

4 Options To Consider When Investing Your Inheritance

4 Options To Consider When Investing Your Inheritance

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The topic of inheritance is not always a pleasant one, but there are many circumstances where it makes sense to use inheritance as investment capital. Whether you’re working with a substantial sum of money or just enough to buy your first home, learning how to invest your inheritance can help create a profitable financial future for yourself and those you love.

1) Pay off debt

If the primary reason why you received your inheritance was that someone passed away, then the chances are good that they left their finances in shambles. Oftentimes, people will make out wills and leave behind instructions for loved ones to take care of outstanding debts or other financial responsibilities before dividing up the rest of the money; this isn’t always the case, but it’s a reasonably safe assumption to make. Therefore, your first step should be to pay off any and all outstanding debts that the deceased person had amassed. If you’re looking for more of an immediate return on your investment, you might consider tackling credit card debt.

2) Invest in yourself

If you have education or training pertinent to a specific type of work, such as graphic design or law, then you could use the money from your inheritance for furthering this education by attending college or completing more certification/training programs. Doing so immediately makes you a more valuable employee and can lead toward future promotions with better pay. The added income from these promotions could help increase the health of your overall portfolio in time for retirement or other long-term financial goals.

3) Invest in your home 

Well, there’s no need to get too literal here; you don’t necessarily need to purchase a new house(but if you can check out Compass for great options) or even invest in renovations, but rather use the money from your inheritance for making your current home more secure than it was before. If possible, replace older windows with newer models that are designed to help keep the heat inside during the winter and block unwanted sunlight during the summer. 

Another option is purchasing an upgraded security system, which can offer much better protection than just having locks on the doors when you’re at home alone at night or away for days at a time. You could also consider installing a greenhouse or garden space of some kind that broadens your options of what food items you know how to grow in your own backyard.

4) Take a trip

If you happen to have a little extra money burning a hole in your pocket, then why not take advantage of it by going on a vacation? Whether you’re interested in seeing the Eiffel Tower or Machu Picchu, there are always options for vacations that can provide experiences you’ll remember for the rest of your life. Of course, you could also use this money to travel domestically and see parts of our country that were previously outside your budget. In either case, the chances are good that this is one investment where all parties involved will come out with happy memories and new perspectives on their lives moving forward.  

There You Have It

So, whether you’re thinking about investing in real estate, starting a business, taking a trip, or just about anything in between, you have several options when it comes to making the most out of an unexpected financial windfall. Just be sure that you find licensed professionals who can help protect your best interests when it comes to any sort of investment so that you keep seeing returns for years after your inheritance hits your bank account!

Lifestyle

Additions That Will Increase Your Home’s Value

Additions That Will Increase Your Home's Value

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You may have just moved into a new house. Buying a house is definitely an investment worth having. There may come a time when you need to sell up and move elsewhere. As soon as you move in you should be looking for ways to increase your chances of making a profit when you sell.  

Here are four things you could consider if funds allow. 

A Pool

Everyone loves a private pool. Getting one installed at your property will add a huge amount to the asking price, especially if you have a garden that gets sun all day long. You get to enjoy the benefits of it for a number of years then you give that enjoyment to someone else. That someone will pay the price for that pool you installed and you will reap the benefits. In total, a pool can add around 8% of the value to the asking price. 

Remember that shade may be necessary to protect you and your family from the sun’s rays. Take a look at outdoor umbrellas that will give you copious amounts of shade. 

Ample Storage

When the time comes to list your home on the market one of the USPs can be ample storage. This is one of the most sought-after things that buyers look for when shopping for houses. If you have the space then create lots of hidden storage places as well. One of the best ideas around is converting your under stair cupboard to hidden storage, This could be in the form of a pull-out shoe and coat rack. 

Make sure if you buy shelving and storage units they match the home so new buyers won’t need to change much when they move in. 

Loft Conversion

Loft conversions can add up to 20% to the asking price of your home, this is a huge amount when you think about it. You may need some extra space so rather than move out prematurely get a loft conversion. It is much cheaper than finding a new house to live in and you get extra space in the house you love. A loft conversion typically adds two double rooms or one huge master room. They can be used for just about anything including bedrooms and games rooms. 

Think about what buyers might want when you are designing your loft conversion. Make it easy to convert from room to room as it may not be used in the same way you use it. 

New Kitchen

Finally, have you got a dream kitchen in mind? If so, go for it. Kitchen renovations can add up to 5.5% to the value of your home. Be careful with how much you are spending otherwise it may not be worth it. A kitchen renovation is the most sought-after renovation, this may be because people spend a lot of time in their kitchens. 

If you aren’t able to get a completely new kitchen then think about ways you can make it look brand new. One way you can do this is to paint the cabinets and place new handles on them. This will instantly transform them making it seem like you shelled out a fortune. 

budget travel

How To Save For Your Next Holiday

How to Save for Your Next Holiday

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Travelling is one of life’s great experiences. Seeing new cultures, amazing landscapes, and revelling in other countries’ rich histories. It’s unparalleled.

The only catch is that these experiences are often expensive. First, there is the abroad travel, whether you go by car, boat, or plane. Then there’s the cost of staying somewhere, the cost of food, plus the cost of any experiences you have, like entry to a museum or a ticket to see a show. Then, on top of this, there are all the nitty-gritty costs you forget about.

It can feel overwhelming, looking at how much it will cost you to go on holiday – especially when you have a big family to pay for.

But it doesn’t need to overwhelm you. By starting early and using these easy saving tips, you don’t need the cost to stop you from having a great holiday.

Start saving early

Last minute holidays are really tricky to save for because you have to come up with the money in no time at all. Instead, book your holidays well in advance. Not only will they be cheaper this way, but you’ll also have more time to save. Once you’ve got a date in mind, start saving immediately. The earlier you start, the less financial burden you’ll feel.

Make saving part of your routine

Saving always feels easier when it’s just a part of everyday life. In the same way you budget so much money towards your food budget, you should also budget a certain amount to be saved each month. It doesn’t have to be loads – look at the date you’d like to go on holiday, and divide the amount by your amount of time. This terrifyingly big number should divide into something much more manageable and less scary looking.  

Put your savings somewhere smart

It can be tempting to use your savings. Maybe something comes up, like a car maintenance issue, or you’ve got a wedding and need a new outfit. In these moments, you might think to yourself: “It can’t hurt to just dip into the holiday savings.”

The problem is that, once you’ve dipped in once, it’s easy to dip in again. Before you know it, you don’t have enough savings to afford your holiday.

For this reason, you should think carefully about where to store your savings. Putting them in a savings account means it’s harder to access them immediately, so your impulse control is mostly done for you.

Another perk of a savings account is that you can earn interest on them, adding to your savings. The interest level will depend from bank to bank, so shop around for your best option.

If you want to risk making even more money, you could put your savings into an investment in the hopes that, when you need them, you can sell it off and make even money. This could be an investment in stocks or even currencies like Terra (LUNA). Make sure you do your research first to ensure you aren’t taking an unnecessary risk.