The timing seems to be perfect for investing in Real Estate Investment Trusts (REIT). The combination of rising housing prices and decreasing interest rates makes for an optimal situation. Recently REIT's have traded at their relative bottoms and are extremely cheap at this point in time. This works to our advantage as investors in two ways: climbing stock prices and attractive dividend yields.
Just imagine it. How many number of times do you buy goods in a 30-day span? 2? Four? Compute that in year. That's how many disposable bags you can prevent from using within that phase of time. Keep in mind that disposable bags are non-biodegradable materials. Eventually, they would end up in the trash. Imagine the waste accumulation they would create over the century if every individual in the world uses them. Half of the globe's realty would be filled with plastic waste!
Determining the ARV is a fairly simple process and definitely the most important. This is where you should spend most of your thinking time and efforts. One of the easiest ways to do this is to get a CMA or comparative market analysis or "comps" from your realtor. When a realtor gives you comps, they show you (notice I didn't say "tell" you) what price other houses that are similar to the one you are looking at have sold for in the past 6 months.
So basically, just fix it up nicely and add a lot of inexpensive (not cheap) features such as "goose neck" kitchen faucets, (high arch faucets to allow tall pots to fit underneath) two toned bathroom faucets, nice shower heads, solid front door handles, decorative interior door knobs, ceiling moldings in living and dining rooms, refinished wood floors, garden windows over kitchen sinks, tile floors, and nice landscaping in the front of the house. If you can patch the walls instead of gutting the whole room, you will save a lot of money. Spend the extra dollars in getting a good drywall installer to make the patched walls look like new.
So instead of purchasing expensive items, divert your attention to eco-friendly bags. It's an advantageous thing that more designers are making an eco-friendly type of their products. It's about time that we back up these designers who do convey to the whole globe that they care.
Another way to increase your own equity is to take out a mortgage contract where the policy allows you to pay off a lump sum once a year. This knocks down your interest charges considerably, or you can just leave your payments the way they are and finish paying off your mortgage before the due date.
Most investors get "analysis paralysis" because they simply don't have the proper tools or experience to understand all the elements in analyzing a good real estate deal. Here are some of the concerns and stumbling blocks to 4 of the most common problems investors face along with simple solutions.
The guest bathroom is an important room to have in tip-top shape, for a variety of reasons. Not the least of which is that potential buyers often will ask to use the bathroom while they are in your home. A nice, modern, clean guest bathroom will catch their attention. Additionally, the fact that this room is actually "used" by the guest creates an attachment to the home. Finally, the time spent in the guest bathroom is, whether consciously or not, time used by the buyer to evaluate the home. An impressive guest bathroom can create a memorable, lasting experience for the buyer.
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