10 Deal-Breakers for Property Buyers
Posted by in Real Estate on June 17, 2011
By Tina A Green
A recent study found that two-thirds of people currently not on the property ladder do not expect to ever be in a position to buy their first property. That means it’s more difficult than ever for property developers to achieve quick sales on their new builds.
If you’re a property developer looking to build and then sell homes, it may be beneficial to know some of these decision-making factors buyers consider before making their purchase.
1. Safe neighbourhood – Ultimately, people want to be safe, so will exclusively look in areas they know are as close to being crime-free as possible. If you’re looking for a quick sale on the homes you’re building, going for a nice neighbourhood will be important.
2. Up and coming neighbourhood – As with any investment of this size, people are looking for good value and the potential for return. An up and coming neighbourhood could therefore offer greater value and potential for price increases than somewhere well-established.
3. Near schools – Parents or would-be parents will look for properties that are located near good quality schools, where their children can get a top-notch education.
4. Good commuter links – Another factor you may wish to use when choosing the location for your development is its proximity to helpful commuter links. Buyers will be looking for homes near train stations, bus routes or tram links.
5. Spacious living – Nobody wants to live in a rabbit warren (except rabbits, presumably); instead, they want space to enjoy their home. While there may be more value for you in cramming as many homes into a single space as possible, many buyers will be on the look out for a larger space to live in.
6. Nice garden – For many buyers, having a nice garden where they can entertain their friends and family, relax and let their children play will be a major deal-breaker. While not possible for flats, if you’re planning the development of houses, it could be advisable to leave plenty of space for a garden.
7. Central heating – Anyone who has ever used heating devices that are not controlled by a central boiler will know the cost of keeping their homes warm. Central heating will therefore often be a significant factor in their decision-making.
8. Double glazing – It’s also important that any new property’s you build have good quality windows to help them retain the heat providing by their central heating system.
9. Sound insulation – If you’re building homes that are close to other properties, providing adequate levels of sound insulation will be crucial to allowing buyers to live somewhere that offers them privacy, as well as peace and quiet. If the quality is not high enough, expect buyers to look elsewhere for their new home.
10. Parking – The number one gripe amongst neighbours is in relation to parking. It’s therefore no surprise that many buyers will only look at properties where they know there is plenty of parking space for them. Overlooking this in your developments could therefore have a damaging impact on the quick sale you’re looking for.
Tips to Get Started With Real Estate
Posted by in Real Estate on June 17, 2011
By Michelle Horny
There are many tips that you might find that would help you get started with real estate. However, you should know which tips to take and follow as everything would not be applicable to your situation. No matter what path you choose however, there are certain things that you should always remember when dealing with the market. You should always keep in mind that when it comes you should never run into a deal no matter how lucrative it looks. Real estates are a market that has the highest returns but it is also a market with the highest amount of scammers and cheaters.
There is a fixed path that you should keep in mind so that you don’t sway while you are dealing with the industry. This path should be focused by your desire. You might want to work with different avenues. Stick to you path and don’t oscillate between lucrative deals. Learn to focus and specialize in a path that you like the best. When you invest, you not only learn how to increase your property but also in the process of dealing with the various deals and processes, you will learn to grow as a human being. Every aspects should bring you some form of joy like talking to home owners, finding a good tenant, talking to the needs of various people. There are people who save all their lives to find the perfect home for themselves. In a way, you will be a part of helping these people realize their dream. If you can do your job better, you can help them to realize their dream better. This is will only bring them happiness and you immense job satisfaction.
The next thing that you should remember is that you should have some set goals for yourself. When you have goals you can be focused over achieving what you want in your life. Similarly, if you have goals, you can project your profits and losses and diligently work towards it. You should review your goals everyday and adjust them according to the changing situation. This will help you to achieve your goals easily. You should remind yourself why you are building your business. Keep in mind your motivation and take care of your dealings while you steadily approach this goal.
Learn every day about the market. Never get complacent. This will only pull you down. The market is fluctuating every day. You should always be up to date with the market situation. There are many resources that you can collect information from about the present market. Also it is not just the real estate market that you should keep track of. Learn the various techniques and practices that have created successful marketers. This will not only help you achieve success in your business but also to help you grow your business and achieve the business empire.