Investment Property Hacks: Creating Space

investment-property-loftWhen it comes to any investment property, space is always an issue. We need enough of it to contain the furniture and equipment that we wish to house. We need even more to allow for mobility and ease of movement to and from one room to another, one point to the next. But we all know that maximizing space is a pretty tough job. Although challenging, there are nifty ways on how to make the task less taxing. Here’s how.

  1. Think vertically. Make sure to utilize every square inch possible not only in terms of floor area but also in wall area. For example, by creating floor to ceiling shelves and similar storage systems one can organize stuff in a relatively limited space.
  2. Use illusions. See through furnishings like glass tables as well as floor to ceiling curtains create an illusion of height and therefore trick the eye to think of bigger dimensions. The use of mirrors and other elements that reflect light also provide such illusion.
  3. Bring in the light. Adequate and proper choice of lighting can instantly magnify any room. Of course, it is crucial to take note of the function of each room when choosing the type of lighting to install. Large windows that bring in natural light will also be great.
  4. Keep it uncluttered. By displaying fewer things out, the space will appear big. One does not have to display every single piece of item they own. Use cabinets and drawers to hide unsightly stuff and to keep the room looking tidy and cohesive.
  5. Consider the loft. If the ceiling is pretty high and the property’s dimensions and structure allows it, adding a loft will instantly provide more space. For example, a loft bedroom makes it possible to have a bed up leaving the rest of the floor area free for more furniture and whatnot.
  6. Use lesser walls. Multi-functional rooms or those that have no structural divide aka walls appear larger. However if tearing down walls or the absence of them does not suit your taste, consider glass walls and dividers.
  7. Be creative with storage. One will be surprised to discover that there are so many storage possibilities in every investment property. Even the smallest of nooks can be a great storeroom of sorts. All it takes is creativity, imagination and a good carpenter.


Investor Checklist: Commercial Properties for Sale

commercial-properties-for-saleInvesting in real estate, commercial properties for sale being one, requires and demands a lot and this pertains not only to the financials but also to time, hard work and even patience. Today, we shall set out and list down the various aspects needed for such an investment. Gear up and have your pens at the ready, a checklist is coming your way.

Item #1: The Plan – Retail property purchases are a huge investment. They come packed with significant monetary value and not to mention many of these are wanted by many. It only makes sense for a wise investor to come prepared with a plan and a set of strategies to achieve the goal at hand.

Item #2: Immediate Cash – Short term needs will always be present. There is more to asset acquisitions than the purchase price. Pre-sale expenses will include survey fees, professional costs and research expenses. Plus, don’t forget the deposit and down payment. See to it that you have the resources to provide for these.

Item #3: Long Term Finances – This is where majority of the costs will be centered on. Long term financing must be prepared beforehand to ensure that there is sufficient cash to make the purchase happen. Mortgages, bank loans and sale proceeds are only some of the options available.

Item #4: Needs and Wants – Determine what you need in the retail space. You can even add your wants to the equation. Once you have this all figured out, you can now more easily look for the asset that fits the bill.

Item #5: Survey Results – Always have the asset surveyed by a chartered property surveyor before closing in. This is to validate certain facts like remaining useful life, market value, ongoing costs, property condition, ownership and depreciation to name a few. It would be plain suicide to not do this.

Item #6: Title Validation – Make sure that the person selling has the right to do so. Check the papers and validate with the Registry of Deeds. It’s best to be safe than sorry. Remember, this investment is pretty hefty on the pocket.

Item #7: Knowledge – Buying commercial properties for sale is not for the faint of heart and for the knowledge-deficient. There is so much to do and remember that failure to know things can become so detrimental. When in doubt always ask or better yet hire a pro for help.

Commercial Property Auctions for the Newbie

commercial-property-auctionWhen acquiring assets, investors need not only be smart. They too must be cunning and resourceful in their ways. There are many methods by which one can purchase a real estate asset for their business and that includes commercial property auctions.

But the thing is many entrepreneurs are not familiar with it. Although some are, they don’t know how to tread the waters so they end up not trying. But today’s your lucky day as we’ve asked experts about their fool proof tricks and below are some of the tips they so gladly dished out. Take a look!

    • Try not to act excessively obvious. You want to be hard to read for both sellers and co-bidders alike otherwise they can use it against you. Do not by any chance disclose your financial capacities and limits too. As they say, keep your cards as close to your chest as possible.
    • Don’t bid on your first auction. This tip may sound ironic but it has its reasons. According to exports, a great bidder is someone who is a great observer. During your first one, be an observer o you get a vibe of how things work. You have to familiarize yourself with the procedures, processes and tactics so that you don’t end up looking, feeling and acting lost.
    • Keep your cash on the ready. Ascertain the amount of finances you have as well as their timing of approval, release and arrival. Commercial property auctions will require security deposits and upright down payments so failure to have funds at the ready is plain silly. If you can’t comply with the requirements even if you are the winning bidder, you’ll lose by default and others will attempt to get the asset from your grip.

  • Have the property examined. In fact, go ahead and visit it. Before an auction, brochures and informational material are provided for and they hold details about the properties being auctioned off. This allows you to have them examined by a property surveyor to check up on their true market value, condition, structural integrity, useful life, ongoing costs and more.
  • Research is king. Make sure to know how properties are valued and sold in the market. As much as you can score things lower than their fairly estimated worth in commercial property auctions, you can likewise be inclined to spending far more than that if you don’t have the right information. To get rid of such oversight, canvass and compare the prices of similar assets.

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