411homerepair.com

Latest Articles

Finding a Good HVAC Contractor Near You

Icy winters, hot summers, humidity, cloudiness, and fluctuations in temperature are phrases and words that are often used to describe the climate...

on Jul 23, 2017

How to Install A Water Heater Timer

If you are looking for ways to make your home more energy-efficient, then your water heater should be a part of the process. According to studies...

on Jul 18, 2017

DIY Home Improvement Project Ideas

Everyone wants a beautiful home that they can feel happy and relaxed in. Remodelling your home doesn’t need to burn a hole in your pocket either,...

on Jul 17, 2017

Why it is important to undertake a CCTV Drain Survey when buying a new home?

It is important that you carry out a CCTV drain survey when looking to buy a property for many reasons these include; Reporting: A report will be...

on Jul 13, 2017

Filter the Dirt with Effective Aircon Servicing and Repairs

Air-conditioners are a must in today’s world because of the soaring temperatures and great climate changes. We all love to use an aircon for...

on Jul 11, 2017

How to Make Long Term Investments in Real Estate and Get Big Returns

by Guest on Jan 22, 2013

Investments are the key to securing your future. They help you over the long run and guarantee financial safety. A lot of people are unaware of the importance of investments and they fail to plan for the future. These people end up suffering later on and have to rely on others for help. On the other hand, those that invest not only secure their future but also benefit in the present.  One of the best investments you can make is in the real estate business. This industry is one of the fastest growing today, primarily because of the high return on investment. Rags to riches stories are made here, people have gone on from being small time businessman to multi millionaire industrialists. You could start doing the same by investing in property. Here are a few tips that will guide you in your quest.

Invest Don’t Speculate

There is a huge difference between speculating and investing. Since you are just starting, you must look for secure investments where returns are guaranteed. Buying a property and hoping its value will increase is speculation whereas buying a property and renting it out is investing. The better you invest the more the chances of you being successful.

Start Small

At first, you have to learn the basics of real estate investments. It may sound tempting to invest big but remember that it is your first time so start small. A lot of better opportunities will come in the future but for now choose a small project. Don’t burden yourself with technical jargon you can’t understand, just keep it simple. Learn to minimize risk and with time you will maximize your wealth.

Myths

A lot of people might tell you that real estate is an instant wealth generator. This however is not entirely true. You can make a lot of money from real estate investments only if you have the right knowledge and experience needed to excel in this business. One popular myth that has been circulating around for ages is “property value always goes up”. This isn’t true at all. In a lot of cases, people have suffered huge losses and gone bankrupt due to the drop in value of their properties. A safe way to go is research first then invest, you may also take expert advice for further guidance.

Accept that Mistakes will be made

As a new inexperienced investor, you are bound to make mistakes. Think of it as your first day at school, you might not know anything initially but with time you will learn. Even if you make a bad decision then consider it part of your learning process and do not give up. Try to avoid these mistakes in the future and stay positive and focused on the task.

Affordability

Whether you want flats to rent in London or any other place for that matter, do not go over-budget. Overspending is a trap in which a lot of young investors fall in.  Calculate the return on investment and plan accordingly. Never rush into any deal without having all the information.

Bargains

Look for properties that have great potential but aren’t in the perfect state as yet. These properties will be available on the cheap and it will be up to you to transform them and make a profit.

Author’s Bio

The author works for an agency that offers flats to rent in London. He has years of experience working in the real estate industry and has written columns and articles in popular magazines relating to this topic.

Sponsored Articles

Random Articles

The Complete Kitchen Remodeling Checklist

Even before a budget is worked out, the homeowner needs to figure out just what he or she wants in a kitchen remodel. Some remodels are little more...

Kitchen / Bathrooms

3 Tips for Laying Slate Tiles

If you are looking for a way to upgrade your home's flooring, slate tiles may be just the thing. Slate is a natural stone that is very...

Floors / Tile / Hardwood

Top 4 DIY Accidents to Avoid This Summer

The warm weather is already upon us and something that we all have probably noticed is a barrage of householders hitting their garden and starting...

Safety / Security

Fitting Windows : Regulations You Need to Know in the UK

Since 2002, UK building regulations have applied to all replacement glazing, or “controlled fittings” as the law calls them – and it’s made it...

Windows / Siding

What are the Benefits of Buying a Front Load Washer?

Whenever it comes time to purchase a new appliance, you want to make sure that the list of benefits far outweighs the cost of the machine.  If the...

Appliance / Repair

Actions

Contact Us | Submit Article | RSS | 411homerepair © 2017