Category: real estate
For those who cannot afford to purchase a property through an estate agent or property auction Northumberland, renting is a popular choice. Although you can find bargains at property auctions Northumberland, if you’re not in a position to buy, whether financially or for other reasons, this is no good. Renting allows you to live in a space that’s technically not yours, but for all intents and purposes is.
However, because the place isn’t actually yours, it can be harder to carry out home improvements that you’d like to, or to invest fully in it. Despite signing contracts, even long-term ones, it feels like there is more uncertainty about renting than buying a home at a property auction Sunderland or through an estate agent.
While renting is a good short-term solution, it can be expensive over time, and inhibit your ability to save for your future, be that for purchasing a home from an estate agent or property auction Northumberland, a new car, a holiday or more. Unfortunately, it looks as if rent payments are about to soar in the next five years, due to a shortage of properties available to let.
According to the Royal Institution of Chartered Surveyors (RICS), a group of letting agents reported that the number of new properties they had received fell for the 12st month in a row in June. They believe that this drop may be due to recent tax changes which have made buying properties specifically to let them a lot less appealing to investors. This change could leave property auctions Northumberland as the most effective way for first-time buyers to get a bargain and their foot on the property ladder.
A policy manager from the RICS laid the blame on the new policy on taxes and stamp duty: “They have made it so difficult for landlords at a time when the UK needs more homes to rent, but they are exiting the market instead.” The Government’s introduction of a 3% stamp duty surcharge on properties bought at property auctions Northumberland or through estate agents for a purpose other than a main property can be a big hit for some landlords.
On top of this, there has been a slow reduction of mortgage interest tax relief, leading to more worrisome mortgage payments, and an end to the ‘wear and tear’ allowance. All of this is leading existing landlords, or potential landlords, to pump the brakes when it comes to buying a property to let at a property auction Sunderland or an estate agent’s office.
The Government introduced these changes in order to help first time buyers get on the property ladder, as landlords will often be looking for a similar property at a property auction Northumberland. Whilst this is positive for anyone looking to buy their first home, people who want to rent a place are finding it harder, and more expensive, to find a place they want to stay in.
This reduction in property being bought for renting out has caused a mismatch between supply and demand, which in turn is forcing rents higher. It has been predicted that rent could jump by 15% in the next five years, which is a considerable amount. For first-time movers, it is looking more and more likely that purchasing a home through an estate agent or property auction Sunderland will be a lot less expensive than renting.
A decadent and spacious office space is a must to produce efficient work and to positively stimulate the workforce. While it may sound like a trivial point, scientific research has shown that stuffy and congested work environment can adversely affect the mindset of the human resource that eventually affects the work output.
A serviced office is a concept in which in which the employer only needs to hire the office space that is conveniently located in a corporate building and is fully-setup with all the basic amenities needed to run an office. While the idea was solely restricted to start-ups once upon a time, they are now gaining favor among other more established companies as well.
The owners of the office space often rent out whole floors or a single office space as per the need of their clients for competitive prices and for flexible timings. The office space for rent concept is gaining massive popularity among the multiple start-ups as well as plenty of MNCs mostly because they don’t want to go through the hassle of setting up an entire office.
The global trend that has been picking up this trend of executive offices has affected India as well where serviced office space is steadily increasing. Here are a few benefits of renting office space:
Business owners have shown a tentative shift towards serviced office space in India because they know where to invest their money. The service offices come along equipped with a set of furniture and basic amenities and the business owners do not have to go through the hassle of setting everything up from the scratch. This means there is no waiting time for construction and can allow impromptu move-in.
Flexible License Period
There is usually no lock-in period for the service office, unlike other office buildings. So, if the company wishes to shift to a different place or city, it can do so without paying any monetary compensation. This ideal for industries that stay mostly mobile and need to change locations on short notice periods.
Access to All Amenities
Every conceivable amenity that is needed to run a business is provided, ranging from Private Workspace to meeting rooms and maintenance services. The package is complete with a number of other services that are taken as per the need of the client. The price is low and competitive and justifies the ease of use.
Expanding a business can be a tough process. Not only is there the requirement to increase the workforce, and on top of that, the search for a suitable location at an affordable price that can be set up as soon as possible. Service offices provide the unique opportunity to the companies to expand rapidly without having to worry about the workspace. Fully set up and ready to move in, these service offices help in the rapid expansion of businesses.
Services office spaces have been set up in a number of Business centres in India, creating a corporate network that also aids in better relationships and a wide networking circle besides providing flexible budgeting and ease of business.
Good habits are the foundation of wealth. If you watch successful people you will see their day is filled with consistent habits that save time, improve focus and ultimately help accomplish more daily. Successful people get up early, learn daily, make lists & set goals and track their progress.
• Get Up Early.
Make the first two hours of your day the most important. It will not only set the tone for the day but will give you a game plan for everything else that follows. These two hours can be used for activities you enjoy such as exercise, meditation or completion of a project or activity from the previous day. The early morning is free from distraction allowing you to do more of whatever you enjoy.
• 20 Minutes Of Learning Daily.
It is important in any business to know what is going on at all times. Trying to master every aspect of the business may seem intimidating but is less difficult if you spend some time on it daily. Regardless of how busy you may be you can squeeze twenty minutes of learning into your daily routine. You can find this time on an audiobook driving to or from an appointment or on the treadmill as you get some exercise in.
• Make Lists & Set Goals.
Success is often easier if you plan exactly what needs to get done. Before you go to bed you should plan for the next day. Tackle the toughest task first and go from there. Planning your goals not only makes you efficient but gives you a sense of direction and purpose. The most successful people in the world have one thing in common, they all say their goals out loud three times daily. This helps to reinforce their direction and keeps them on track in accomplishing their goals. Try it and see how much closer you get to reaching your goals!
• Track Progress.
If you don’t know what is working, is impossible to gauge the results? At the end of every day you should take some time to evaluate what you did to build on your progress. If you failed to do anything, you need to ask yourself why and then develop a new plan to stay on track.
You ultimately control where you go in Life. Changing habits is never easy but is essential for growth. Start by incorporating these four habits into your daily life and see the difference it makes towards your success.
If you are buying and planning on re-selling or renting out, to get the most out of your property you might want to do some upgrades to give it curb appeal. The amount of upgrades needed would depend on a case by case scenario. Obviously if the roof, foundation, etc, needs to be done, that’s without question. I am talking about major renovations, but upgrades. That curb appeal and that make a buyer go, “wow” and pay a little extra for the place.
If you aren’t going to work with a designer and you would like to do it yourself, I suggest going to the library or buying a bunch of up-to-date home style magazine to get ideas of what’s in right now. Knowing your market isn’t such a big deal because most everyone wants something chic and stylish. Something I like to call “urban chic”; a lot of clean lines, minimalism and bright open spaces. A Zen like approach. That look is selling to the mass market right now.
First impressions are always important, so the outside of the house needs the most love. Don’t go boring either. Chose exciting colours like grey/mauve, terracotta or sage. Paint everything that needs it, wood, railing, mailbox, light fixtures, etc. I’m not talking all one colour, have some black or white in their for contrast. If they can’t be painted, replace.
If there isn’t any landscaping or it’s shot, you need to revamp the look. Take out or trim everything that is overgrown. Be ruthless if necessary. Cedars are great when they are green and small, however if they are yellow and too tall, get rid of them. Keep the look short, so you can see the entrance way. Weed the grass if any, add more seed. Clean out the dirt of debris and weeds, add more dark earth and mulch. Make a nice clean line between the grass and garden. I would invest in a couple of bushes that contrast each other and some bright annuals that light up the front.
Floors are the most important. They make such a big impact. They have to be nice. If there is hardwood I suggest refinishing them. Staining them dark is always a nice touch. Parquetry looks incredible stained chocolate. It goes from a bad 1970’s look to something modern and Asian looking. If the floors need to be replaced, bamboo and other sustainable flooring are trendy right now. If the lino is old, change it. If you can afford tile, do it.
Kitchen. If the kitchen is an old wood 1950’s style, no need to rip that out and redo it and spend all that extra money. Paint it glossy cream and add stylish knobs. You could even add a moulding.
If it’s white melamine, you could either paint it with special paint, or keep it as is. Sometimes it’s the surrounding area that can buff it up and make it not look so “melaminy”. Meaning, add a trendy tiled backsplash, a new countertop, and knobs. If the melamine has a 1980’s boarder that can be taken off, remove it for a cleaner look.
If you have the 1990 oak cabinets, they look incredible painted as well. If the cabinetry is hanging from the ceiling dividing the eating area, you could take those down and reuse them somewhere else, like an island.
- Faucets are important. They can be such a focal point to the room. You don’t have to go high end to have a polished modern look.
- I think the investment of crown moulding adds so much value to the place if it’s done right (no need in the bathroom). Paint it glossy to give it a vintage look.
- Keep paint colours simple and light. Painting one wall in a room dark grey or another trendy colour is fine, however use minimally.
- Dark on light is very trendy right now.
- Make sure the flow of colour from one room to the next is there.
- Clean, clean windows are a must.
- Tear down a wall if necessary to give the space more of an open feel. For example opening the kitchen to the living room. You must verify with a structural engineer before tearing anything down.
- Pot lights and dimmers.
- Trendy light fixtures and knobs. Don’t go high end. Places like Ikea are fine or places that reclaim vintage.
While we often, refer to, home ownership, as a core component, of the American Dream, it’s important, for us, to take a realistic look, at the obligations, and necessities, involved, if this is, to truly be a dream, instead of a potential nightmare! Before embarking on this house – hunting, process, carefully, introspectively, objectively, examine and consider, your personal reasons, persona, what makes you happy/ satisfied, and whether, it’s a good course, for you. After, you’ve determined, what’s best, for you, and know, what you want, it’s essential to clearly consider, and examine, what you might be able to afford. This means, proceeding, in a responsible, well – planned, and considered manner, focused, on preparing for the many contingencies, of home ownership. With that in mind, this article will attempt to briefly consider, review, and discuss, a few steps, which should, both reduce unnecessary stress and hassle, and maximize the potential enjoyment!
1. Reasons for buying that house: Why do you want to buy, any specific house? Does it meet your present needs, and into the future? Or, are you looking, at a shorter – term, and want to live, there, for a shorter – span, and, then, relocate, when needed and necessary? Are you the type of person, who enjoys moving, or would you rather, remain in your present quarters? What are your needs, goals, and priorities, in terms of location, neighborhood, schools, costs, transportation, conveniences, etc? Why, this house?
2. Down – payment: Do you have the necessary funds, to have the down – payment, while avoiding, placing too much stress, on yourself, because of using these funds? Smart homeowners prepare, and make their journey, far less stressful!
3. Needed reserves: The best way, to proceed, is to put together, several reserve funds, in order to ease your way, forward! Once, you’ve purchased your house, most people face monthly fixed expenses, which includes mortgage payments (including principal, taxes, and escrow items, such as insurance, etc), utilities (electric, heat, telephone, television, internet, etc). Realize, owning a house, requires preparation, for affording the costs of regular repairs, including appliances, heating, water, etc. Create a reserve fund, for this specific area. Also, realize, houses require attention, and certain items, have useful lives, and will need replacing, such as roofs (rated from 20 – 40 years), appliances (including washer, dryer, refrigerator, oven/ stove, dishwasher, etc), painting or power – washing, etc. At some point, many realize, their house needs certain upgrades, renovations, etc. The better prepared, the easier this process!