Choosing to go green entails a lot of effort and sacrifices at the beginning. But in the end, all of these efforts will be worth it, most especially when you know that you are doing something to benefit the environment as a whole and your fellow men. Going green means being more conscious of the way you live your life making sure that all decisions you make will be for the benefit of the environment and preventing any harm from happening to it. One of the best ways to ensure that you are now living a greener lifestyle is to build a green home from top to bottom. Now, you can never achieve this unless of course, you hire the services of a reputable green home builder. A green home builder is someone who can build your home keeping energy and environmental efficiency in mind. When looking for possible green home builders that you can hire, you must first speak with contractors found in your vicinity. If you hire a builder who lives far away from you, you can expect to pay them higher for their services.
In order for you to choose your green home builder wisely, it is best that you be guided by some important things worthy of remembering when hiring one. To begin your search, while you talk to a green home builder the very first time, be sure to ask them about the kind of building materials that they are using. Be sure to also ask them about what disposal methods they use. This gives you some assurance that they are complying with sustainability measures. When it comes to the building materials that they use, they must not be toxic and must be friendly to the environment. This can be guaranteed if all of their building materials come from sustainable materials or renewable sources. Usually, the materials that are being referred to here are those that come from houses that have been knocked down. Some of these materials include cabinets, old doors, wood accents of the home used for making ceiling beams, and many more. A good green home builder knows how to choose their wooden materials wisely and steers clear from plastic materials. When possible, you should be allowed to see what other green homes or projects they have done in the past. Their construction aim must be more on green building and not just using green techniques to create a green home or property. Before signing a contract with the builder, make sure to read from their terms or include in your terms the need for them to only use green and sustainable materials.
There are some green home builders that tell you that they only use effective green building methods out there. However, as time goes by, there are some builders that feel tempted to use techniques and designs that bring more harm to the environment just so they can benefit from the money that the clients have given them. For these specific scenarios, it is best to hire only a reputable green home builder that have good references from people near you. A certified green home builder ensures to have the necessary knowledge and skills in doing green construction and design.
There are a lot of reasons why downtown condos have become on demand for both real estate sellers and buyers a like. No wonder why they are priced higher than average condos. This short article will give you some major reasons why downtown condos sell higher.
As the name implies, downtown condos are located in places where majority of people want to be in. Whether you are new or old in the real estate business, location plays a crucial role in what potential your property brings. Selling downtown condos to potential buyers instills in their minds that they are getting a good deal out of them. For sure, they will be proud to call this place their own home.
In terms of the seller, selling condos found in downtown areas is seen as something very valuable and can bring them more money than usual. The location gives them confidence that they can sell the property for a good price. You really cannot blame them why highly-sought after condos found in the downtown sell more than those found in faraway locations.
Downtown condos are convenient because of their close proximity to public transportation options, parks, fun activities, and places to eat. If you are the type of person who prefers to access everything you need and want easily and at a short period of time, these condos can be beneficial for you. Just think about some of the places that you always go to such as the places you like to hang out and even the ways in which you can get to work.
Paying extra for having everything near you with only little time to spend will be worth the price. You just have to remember dealing with the amount of noise the location brings you with the constant presence of people around you. Ask yourself if some peace and quiet is better off sacrificed just to get the kind of convenience that you prefer.
• Newer buildings
Investing in newer condos is a good thing. You see, there are a number of benefits to buying places that have not yet been resided by past owners. This could only mean that with newer condos you get buildings with better conditions, newer technology, and having less need for getting replaced or fixed anytime soon. Most downtown condos are typically built just recently while some are sold right away even if their construction is not yet done.
As a condo buyer, even before the construction is completed or materials are not yet bought, you can already secure your own unit. By purchasing beforehand, you have the perk of choosing what colors you want your interiors to bear and all other design aspects of your condo unit. It is one of the best feelings in the world to know that you are living for the first time in a place that no one has ever resided ever before. In addition, you get the liberty to choose what features you want the inside of your condo to have.
• Investment return
When you buy condos found in downtown areas, you can still sell them in the future if need be. As a matter of fact, its high investment return potential is the reason why you should buy one now yourself. People will always want to live in these spots. Clearly, you should not be worried that this viewpoint of most people will change in the coming years.
If you become a private money lender, this basically implies that you are there to offer a financial lending hand to investors who go into the real estate business. There are number of benefits to becoming one, but before you learn each one of them, you must first have some idea what private money lending is all about.
To begin, when it comes to its application in real estate financing, private money lending is basically the process where a person but not a bank will be lending some money to the real estate investor with other considerations such as pre-determined return rates in return. Now, why opt for private loans? For most banks, they do not allow lending of money to investors whose properties have an after-repair value or simply put properties that still need to be improved to gain some market value. Some clever people who have some available cash with them in their own IRA or a broker account have realized that they can take the role of a bank on these matters and get better returns from the money that they will be lending in return. You are talking about more money than that you get from having bonds, money and savings market accounts, and being on the stock market. Thus, the private money lending industry was born helping real estate investors until this day achieve their goals one step at a time.
Private money lending would be nonexistent if not for how valuable they have become on the part of the lenders. Here are some benefits of becoming a private money lender.
• Negotiable terms: The private money lender can have the interest rates negotiated with the real estate investor or borrower to get the best possible profit share. Furthermore, the principle and interest payments can also be negotiated. Both parties will have to reach an agreement to how much the private loan must be.
• Return of investment: Usually, for private money loans, interest rates are between 7% and 12%. This range of interest rates is greater than the returns for money market accounts, savings, and CDs. This range is also higher than the 4.7% interest rate in the stock market after adjustment of inflation.
• Provision of collateral: When a real estate investor applies for a private money loan, the real estate property will serve as the collateral. Usually, real estate investors take hold of properties that come at very significant discounts. Keeping this discount in mind, the lender will have high quality collateral in case the borrower decides to default.
• Choice: With private money lending, the private money lender is given the freedom to decide to whom and to what project they will be lending some money. They are also given detailed facts on the kind of profits normally made by the investor, the investor experience, and the project in question.
• No effort: The loan is the only thing that a private money lender worries about. It will all be up to the real estate investor to take the risks and do all the necessary work to find, fix, buy, and sell properties. All the lender does is collect the interest.
If you go green and start picking up on what benefits it brings you and others, the first step basically requires you changing your lifestyle. However, being more inclined towards the environment requires more than just changing how you live your life daily. If you look at the bigger picture, after incorporating a greener lifestyle, you then come to conclude that making others realize what benefit going green has on your life, you have to start doing it at home. There are some areas or features of your residential home or rental property that you can turn into greener options.
Going green is considered a fresh and sustainable option in the home construction and home decoration industries. Usually, the prices of rental properties are affected by square footage, site, elevation or height, and number of years from their construction date. But now, the green aspects of features of a home have been shown to have some positive impact on the selling price of the property. With that thought in mind, if you have a rental property with green features, you can be sure to say that it will stand out from your other rental property competition in the market.
For you to convince your potential tenants that your property has gone green, start with the basics. First, you acquire a LEED certification. This certification provides any building with some rating that it is guaranteed cost-saving, efficient, and healthy. Based on studies, green rental properties get more rental premium (9.1%) than those that are not green. In addition to LEED certification, energy star compliance also tells whether or not a rental property is green. Basically, this energy star compliance measures the energy efficiency of any property or home. Usually, this symbol is associated with the energy-saving features of appliances. However, for green properties, they are given to as recognition to property owners that have increased the energy efficiency and decreased the carbon footprints of their buildings.
• Your target market
For green rental properties, your target market are the millennials. Living in green rental properties enables this group of people to have some edge in terms of sustainability in the property where they live while taking advantage of what a green property offers. They also get attracted to them since their going green in terms of their properties is not taken as a hindrance to their freedom.
• Reaching out to your target market
Millennials cannot live a day without having any form of technology by their side. Technology is never absent in any aspect of their lives. Try looking at your millennial target market and you rarely see one without any gadget. Aside from gadgets, they are also very active in various social media platforms. Thus, if you want to market your green rental properties to them, connect with them using the social media platforms that they use.
• Effective marketing methods
As just mentioned, social media is the best way to keep in touch with your market, but how do you do so? You can advertise your green rental property by using photos, posts, and videos. Let your potential tenants know about your green rental property by including some rich descriptions of your property along with their photos, and if possible, let them experience your property by taking them on a video tour.
A lot of people who are working for a better future are always affected by the changes being done by the government in terms of their policies as applied every quarterly. Usually, the most common issues revolve around taxes. Now, if you want to save your money from getting taxed every single day, investing your money is the best decision to both save money and get good returns out of your investments. As of this writing, no matter where you may be, investing in the real estate market is one that has been shown to give you the most returns. It is even better than investing in stock market, funds, or interest rates. You can always expect prices of goods and services to always be on the rise. What might affect you the most might be the fact that you get to contribute a portion of your hard-earned money to the government to serve as your taxes. Thus, it would be wiser on your part to invest your hard-earned money in real estate.
Most people who are working always seek some ways to get some returns out of the money that they earn. However, in any case, most governments will not really help you out in saving your money as well as getting good returns for it. Even so, the government has eventually laid down some good policies that will enable you to save some money only if you are already ready to do some saving. Making investments gives you some financial freedom. And you can even decide to get the money you have invested in cash if need be. Having more money entails more financial freedom. Having financial freedom means a better life for yourself as well as your loved ones. What follows are the top five reasons to invest in real estate.
1. Regular cash flow
As mentioned above, investing in real estate allows you to save more of your money and get good returns in the coming years. If you lease your properties, not only will you be getting regular cash flow but also be securing your assets. For the best returns of your money, real estate investments are surely the best way to go.
2. Multiplying value by leveraging
Commercial properties are capable of multiplying the value of your real estate investment. When one has debt with one of your assets, they can be multiplied many times over with the original value that they have. Thus, you allow yourself to invest in more assets with just less money while improving your equity as the loan will be paid.
3. Investment hedging
Each real estate investment you make comes with great returns. Compared with other assets, house and properties have been shown to have the highest correlation with inflation. Usually, when inflation rises, the real estate prices will also increase making it more beneficial on the part of the real estate investors.
4. Physical asset capitalization
Real estate properties are income producing resources in themselves. The structure of your property has some value where as time goes by, it becomes more valuable.
5. Enhancement of taxing benefits
Most governments make sure to provide favorable tax value benefits for people who are investing in real estate. Typically, a person selling some property has to pay an income tax to the government for their income. However, if he or she will be buying another property, the taxes will not be levied.