A Brief Introduction to Innisfil

Located along the western shore of Lake Simcoe, Innisfil is part of the Greater Golden Horseshoe region. The town has a rich history, with its origins dating back to the early 19th century. Today, Innisfil’s population is soaring, and its real estate market is garnering attention from both local and international investors.

Here are some key reasons why Innisfil’s real estate market is booming:

1. Strategic Location and Accessibility

Innisfil’s strategic location offers the best of both worlds: a peaceful, small-town atmosphere and easy access to major urban centers. With Highway 400 to the west and the GO Train station in nearby Barrie, residents can conveniently commute to Toronto and surrounding areas.

2. Affordability and Investment Potential

In comparison to other cities in the Greater Toronto Area, Innisfil’s real estate market offers more affordable options for homebuyers. The town’s competitive pricing, coupled with its growth potential, make it an attractive option for both first-time buyers and seasoned investors.

3. Lifestyle and Amenities

Innisfil is a haven for nature lovers and outdoor enthusiasts. With beautiful parks, trails, and beaches, residents can enjoy year-round recreational activities. The town also boasts a growing number of shops, restaurants, and essential services, ensuring that residents have access to all the amenities they need.

The Innisfil Real Estate Market: A Closer Look

Now that we’ve established the factors contributing to Innisfil’s rise in popularity let’s delve deeper into its real estate market. Here are some key trends and statistics:

• Housing Types: Innisfil offers a diverse range of housing options, including single-family homes, townhouses, and condos. This variety caters to different budgets and lifestyle preferences, making it an appealing choice for homebuyers.
• Market Growth: Over the past few years, Innisfil has experienced a surge in real estate demand. Home prices have seen consistent growth, and the number of new listings has increased as well.
• Future Developments: The town has ambitious plans for growth, with several developments in the pipeline. These include new residential communities, commercial spaces, and infrastructure improvements. These projects will further enhance Innisfil’s appeal to prospective residents and investors.

Finding Your Dream Home in Innisfil

If you’re considering purchasing a home in Innisfil, it’s essential to stay informed about the latest market trends and available properties. A trusted real estate website like HomeAds can be an invaluable resource for your home search. With up-to-date listings and in-depth market insights, you’ll be well-equipped to make an informed decision when buying a home in Innisfil.

Here are some steps to help you find your dream home in Innisfil:

1. Define Your Criteria: Determine your budget, preferred property type, and desired neighborhood. This will help you focus your search and save time.
2. Research the Market: Stay informed about Innisfil’s real estate market by regularly checking websites like HomeAds for updates on market trends, average home prices, and new listings. This will help you make a well-informed decision when you’re ready to buy.

3. Connect with a Local Realtor: A knowledgeable and experienced local real estate agent can provide invaluable insights and guidance throughout the home buying process. They can help you find the perfect property that meets your criteria and negotiate the best possible deal.
4. Attend Open Houses and Private Showings: Visiting properties in person will give you a better understanding of the neighborhoods and help you envision living in your new home. Make a list of your must-see properties and schedule visits with your real estate agent.
5. Get Pre-Approved for a Mortgage: Before making an offer on a home, it’s essential to secure mortgage pre-approval. This will show sellers that you’re a serious buyer and can afford the property, giving you an advantage in negotiations.
6. Make an Offer and Close the Deal: Once you’ve found your dream home, work with your real estate agent to make a competitive offer. They’ll help you navigate the negotiation process, finalize the terms of the sale, and ensure a smooth closing.

Investing in Innisfil Real Estate

Innisfil’s burgeoning real estate market also presents lucrative opportunities for investors. The town’s strong market growth, coupled with its affordability and future development plans, make it an attractive option for those looking to invest in Ontario’s real estate sector.

Here are some tips for investing in Innisfil:

1. Research Investment Opportunities: Familiarize yourself with the different types of investment properties available in Innisfil, such as single-family homes, multi-unit properties, and commercial spaces. Determine which options align with your investment goals and risk tolerance.
2. Analyze Market Trends: Keep an eye on market trends, such as property values, rental rates, and vacancy levels. This will help you identify the most profitable investment opportunities and make informed decisions.
3. Consider Long-Term Potential: When selecting an investment property, consider its long-term potential for appreciation and rental income. Look for properties in areas with strong growth prospects, such as those near planned developments or amenities.
4. Build a Support Network: Connect with local real estate professionals, such as agents, property managers, and contractors. These experts can provide valuable advice and support as you navigate the Innisfil investment market.
5. Stay Informed: Regularly visit websites like HomeAds to stay up-to-date on the latest market news, trends, and investment opportunities in Innisfil.

In conclusion, Innisfil’s real estate market is experiencing a renaissance that offers tremendous opportunities for homebuyers and investors alike. Its strategic location, affordability, and quality of life make it an ideal choice for those looking to invest in Ontario’s real estate market. By following the tips outlined in this article and leveraging resources like HomeAds, you’ll be well on your way to discovering your dream home or investment property in Innisfil.

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1. Soaring Skyscrapers: A Race to the Sky

Skyscrapers have become the symbol of modern urban landscapes, often pushing the limits of engineering and design. These towering structures are a testament to the incredible achievements of mankind in the realm of architecture.

• Burj Khalifa, Dubai: Currently the world’s tallest building, the 828-meter (2,722-foot) Burj Khalifa is an iconic symbol of Dubai’s rapid development and ambition.
• Shanghai Tower, China: At 632 meters (2,073 feet), this twisted, glass-clad skyscraper is the second tallest building globally, housing offices, hotels, and observation decks offering a panoramic view of Shanghai.
• One World Trade Center, New York City: As a symbol of resilience and rebirth, the 541-meter (1,776-foot) One World Trade Center stands tall in the heart of the city, offering world-class office spaces and breathtaking views.

2. Luxurious Living: The World’s Most Opulent Estates

From beachfront paradises to hilltop mansions, the world is home to some truly opulent estates that redefine luxury living.

• Villa La Leopolda, French Riviera: Nestled on the Côte d’Azur, this sprawling villa boasts 19 bedrooms, a movie theater, and extensive gardens – making it one of the most expensive and extravagant homes in the world.
• The Pinnacle, Montana: Located in the exclusive Yellowstone Club, this mountain mansion features heated floors, a wine cellar, and indoor-outdoor pools, offering a perfect blend of comfort and luxury in a stunning natural setting.
• Antilia, Mumbai: Owned by Indian billionaire Mukesh Ambani, Antilia is a 27-story private residence in Mumbai, boasting three helipads, a 50-seat movie theater, and a staff of 600 to maintain the property.

3. Island Escapes: Your Own Slice of Paradise

Owning a private island is the ultimate symbol of exclusivity and extravagance. Here are some breathtaking island properties that provide an idyllic escape from the hustle and bustle of everyday life.

• Necker Island, British Virgin Islands: Owned by Sir Richard Branson, Necker Island is a 74-acre paradise featuring Balinese-style villas, lush greenery, and crystal-clear waters, making it a popular destination for the rich and famous.
• Musha Cay, Bahamas: Owned by magician David Copperfield, this 700-acre private island offers luxurious accommodations, pristine beaches, and a plethora of recreational activities, including water sports, treasure hunts, and outdoor movie nights.
• Tagomago Island, Spain: Just 900 meters off the coast of Ibiza, this 148-acre island offers a luxurious five-bedroom villa, a private beach, and panoramic views of the Mediterranean, perfect for an exclusive retreat.

4. Green Real Estate: Pioneers in Sustainable Living

Sustainable architecture and eco-friendly design principles are increasingly shaping the global real estate landscape. These remarkable properties showcase the future of green living.

• The Edge, Amsterdam: Dubbed the “world’s greenest office building,” The Edge incorporates advanced technology, smart design, and renewable energy sources to create a highly efficient and environmentally friendly workspace.

• Bosco Verticale, Milan: These twin residential towers in Milan are adorned with over 900 trees, creating a vertical forest that purifies the air, reduces noise pollution, and provides a habitat for birds and insects.
• One Central Park, Sydney: This award-winning mixed-use development features an innovative vertical garden facade, water recycling systems, and a heliostat to optimize natural light, setting new standards for sustainable urban living.

5. Historic Gems: Timeless Masterpieces of Real Estate

From ancient castles to historic mansions, the world is filled with architectural treasures that have stood the test of time and continue to captivate visitors and investors alike.

• Hearst Castle, California: Built by newspaper magnate William Randolph Hearst, this lavish estate features 165 rooms, a stunning outdoor pool, and a priceless collection of art and antiques.
• Palais Coburg, Vienna: Dating back to the 19th century, this neoclassical palace now houses a luxury hotel, a Michelin-starred restaurant, and an impressive wine cellar containing over 60,000 bottles.
• Alhambra, Spain: This breathtaking fortress-palace complex in Granada is a stunning example of Moorish architecture, featuring intricate carvings, lush gardens, and a rich history dating back to the 13th century.

6. Futuristic Real Estate: The Cutting Edge of Design and Technology

Innovation and forward-thinking design are transforming the way we live and work. These pioneering real estate developments showcase the cutting edge of architecture and technology.

• Apple Park, Cupertino: Nicknamed “The Spaceship,” Apple’s headquarters is a marvel of modern architecture, featuring a massive ring-shaped building powered by 100% renewable energy, a 10,000 sq ft fitness center, and beautifully landscaped grounds.
• The Dynamic Tower, Dubai: This revolutionary skyscraper, currently under construction, will feature rotating floors that allow residents to customize their views and generate electricity through wind turbines.
• The Shard, London: The tallest building in the United Kingdom, this 95-story glass pyramid houses offices, luxury residences, and a five-star hotel, offering spectacular views of London from its open-air observation deck.

As we traverse the globe and explore the most captivating real estate wonders, it becomes clear that the world’s property landscape is a vibrant and ever-evolving tapestry. From iconic skyscrapers to sustainable masterpieces, these extraordinary developments offer a glimpse into the past, present, and future of real estate.

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What services does a realtor in Burnaby offer?

A realtor in Burnaby is a professional who helps people buy and sell properties. When you want to buy a property, the realtor will help you find the right one for your needs and budget. They will also negotiate with the seller on your behalf to get the best price possible. If you’re selling a property, the realtor will help you set the right price and market the property to potential buyers. They will also handle all of the paperwork and legalities involved in the sale. In either case, a realtor can save you a lot of time and hassle. So if you’re thinking about buying or selling a property in Burnaby, be sure to contact a qualified realtor for assistance.

How can a realtor in Burnaby help you buy or sell a home?

As a licensed realtor in Burnaby, I am here to help you with all your real estate needs. Whether you are looking to buy your first home, sell your existing home, or invest in property, I can provide you with the knowledge and resources you need to make the best decisions for your situation. With over 20 years of experience in the industry, I have a deep understanding of the local market and can help you navigate the often-complex process of buying or selling a home. I am also a strong negotiator, and I will work tirelessly on your behalf to get you the best possible price for your home. If you are thinking about buying or selling a home in Burnaby, please don’t hesitate to contact me for a free consultation.

What are the benefits of working with a realtor in Burnaby compared to doing it yourself?

There are many benefits of working with a realtor in Burnaby compared to doing it yourself. For one thing, a realtor has extensive knowledge of the local market and can help you find the right property for your needs. They can also provide guidance on pricing, financing, and repairs, as well as handle all the paperwork associated with buying or selling a home. In addition, a realtor can be a valuable asset during negotiations, helping you to get the best possible price for your home. And finally, a realtor can provide valuable advice and support during what is often a stressful process. So if you’re thinking about buying or selling a home in Burnaby, working with a realtor is a smart choice.

How much does it cost to work with a realtor in Burnaby?

There is no one-size-fits-all answer to this question, as the cost of working with a realtor will vary depending on a number of factors. However, in general, most realtors will charge a commission of between 2.5% and 3% of the final sale price of the home. So, if you are selling a home for $500,000, you can expect to pay your realtor between $12,500 and $15,000. Of course, this is just a general estimate, and your realtor may charge more or less depending on their experience and the services they provide. In any case, it is always worth shopping around and getting multiple quotes before deciding to work with a particular realtor.

ALSO READ: How to Buy a House for a Family with Kids?

Can I trust that my realtor in Burnaby will keep my best interests at heart during the transaction process?

When it comes to real estate transactions, the most important thing is to find a realtor you can trust. After all, this person will be responsible for handling one of the biggest financial transactions of your life. So how can you know for sure that your realtor in Burnaby has your best interests at heart? First, ask around for recommendations. Talk to friends, family, and colleagues who have recently bought or sold property in the area. Once you have a few names, take the time to meet with each realtor and ask questions about their experience and approach to working with clients. Also be sure to ask about their communication style and whether they prefer to work with buyers or sellers. By taking the time to find the right realtor, you can rest assured knowing that your best interests will be kept front and center throughout the transaction process.

Whether you’re looking to buy your first home, upsize for a growing family, or investment property, working with a professional realtor who knows the ins and outs of the local market is crucial to finding your dream home. With so much on the line, it’s important to know what to expect before signing an agreement with a realtor. now that you know everything there is to about working with a realtor in Burnaby, are you ready to start your search? Contact us today and we’ll help you get started.

The post Everything You Need to Know About Working With a Realtor in Burnaby appeared first on Gazit-Globe.

Remember that you are doing it together

Well, it would be a nice movie scene to surprise your bae with the keys to a new house. However, in reality, when your spouse doesn’t have a fixed happy role to play (unlike an actress in a movie), she can have a very different reaction. Surprises definitely don’t suit the context of buying the main possession of your family. Your sweetheart can have very specific dreams about the house and maybe your ideal picture is very different from hers. In the worst case, she will keep criticizing the house here and there because she hates it. Then the thing that was supposed to unite you will instead separate both of you. 

Discuss and write down all the key points

As you are likely to have very different opinions on the ideal house, start with creating individual lists of must-haves. Write separately the things that you really need and the things that you want to have but you can survive without them. At the next stage, sit together and compare your lists. This process will help you quickly identify the most important points. It is likely that you missed something that you bae remembered and vice versa. However, some of the ideas will become a nice ground for a discussion. Try to understand each other and work as a team that is trying to achieve mutual prosperity. 

Start saving before you decide to buy

Of course, there are loans for buying real estate. However, you have to give back not only the loan but also pay interest on it while the real value of your house will only go down. If you plan to buy a house or flat, start to save money on it in advance. You can check your family budget, cook food at home and take your lunch to work, buy a mug and drink coffee at home. Of course, don’t make your life totally miserable, because it makes no sense to live in a nice house after ten years and have nothing to eat all this time before. Just remember that saving in advance will pay off, but stay reasonable. 

Take a loan wisely

First, you will have to make sure that your credit history is good, the credit history of both of you. So make sure you pay off your previous loans and make all the payments on time. This way you increase your purchasing power. 

Second, talk to the mortgage lender before you go to choose a house or flat. When you already have an approved budget, it gets way easier to choose real estate. You know what you can afford and avoid situations when you choose something that you love so much but that exceeds your budget. 

Third, stick to your budget. Yes, it may sound too simple to even mention. However, many couples follow their impulsive desire and buy a thing that they can’t normally afford. Then they don’t even have enough money for simple comfort. As a result, they start to stress and quarrel, which is no good. 

Make the house purchase a thing that brings you together

While you can start to quarrel about particular things, try to stay focused on the main idea: you buy a house for your family. Make the whole quest a challenging team mission for your couple. Tackle problems and find solutions together. And you will see that buying a home can be a very uniting experience. 

Find a professional real estate consultant

Real estate agents don’t take your money for no value. In reality, they fulfill a big part of your job. They take your vague requests and find options based on your budget. In the end, a real estate agent is the person that will help to strike a balance between the spouses’ interests and save the harmony and peace in your couple. 

The post How to Buy a House and Keep Your Marriage Strong? appeared first on Gazit-Globe.

Make it safe

Well, the first your concern should be the safety of course. Kids are very energetic and playful. They can easily forget about being cautious, and hence it is your responsibility (as a parent) to make sure that they won’t hurt themselves in your new house. Whether you are buying a flat or a house, consider these safety tips for the rooms:

• Make sure that all chemicals (cleaning products) are out of a kid’s reach. If you tend to store potentially dangerous products in lower cupboards, then invest in latches and locks, and always check that these doors are securely closed.
• Make sure that all windows and the balcony have special cords and lockers that are always closed and out of the baby’s reach. 
• Soften all edges (tables, chairs, cupboards, etc.) using special soft corners and bumpers. 
• Remove all breakable objects out of the kid’s reach. 
• Fasten all furniture to the walls so as to avoid the situation when a kid pulls the heavy piece of furniture over themselves. 
• If you have a two-storeyed building, install baby gates to prevent toddlers from climbing and falling, or opt for a one-story building instead.

If you are buying a house, you will also have to think about the security of the outside part of your property. 

• Think about fences as they don’t let your kid enter the road. Sometimes you will have to contact the homeowner’s association to get permission to put a fence. And never take a house that can’t have it. The fence is protection not only for your kids but for your dogs and cats as well. 
• Choose areas that have low traffic and don’t face supermarkets as the chances that there will be cars are way higher. 

Make all bedrooms on one floor

In some houses, you can see a nursery placed on the second floor, while the main bedroom is on the first floor. In the end, you will be running up and down if your kids catch a cold or just have problems with sleep. 

Get a good view of the backyard

Kids are playing in the backyard, while the mom is cooking or cleaning. This is a popular scenario and hence it requires a good view of the playground. You need to be able to watch whatever they do while playing in the sandbox, having fun on the swing, or splashing in the pool. 

Think about cleaning in advance

Kids often mean a lot of mess. So plan your interior to make it faster to clean. Avoid carpets because they collect dust, and be careful with laminate because it can’t resist water. Use special safe paint on the walls or wallpaper that can be washed. 

Find a house that has a school nearby

Even if you just plan to have kids in the future or your kids are yet too small, still consider school districts. You need to check the quality and reviews on the schools as well as the convenience of commuting there. Consider how long it takes to take your kid to school and back home. Otherwise, you will be very stressed in the future trying to coordinate your work and your kids’ classes. 

Choose kid-friendly neighborhood places

If you are planning to have kids in the future or your kids are very small, pay attention to how the neighborhood is equipped for playing. Ideally, you need to have a park and a playground to have walks and play. Unfortunately, today it is way easier to find a house close to a supermarket and a pharmacy (they are everywhere) than a good playground or sports ground near your place. 

If you have your own house, consider building a kid-sized treehouse or a playhouse on your territory. Kids like to spend time outdoors and having a nice playground on your own territory will let them enjoy their games while still being under your close surveillance. 

Whether you are planning a child or already have one, it is important to consider all the kid-friendly features before buying a house or a flat. We hope that the tips above will help you make the right choice. Good luck with finding a nice house for your family!

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Home renovations are always meant to change something in your home, add value to it, and make it more personal and aesthetically pleasing. You always need to consider that renovation is for the family. Therefore, when thinking about changing the style of your house, it is good to keep in mind that it will serve you for years. Below we have prepared some of the most trending styles and designs for home renovations in 2022.

Have a separate room for your home office

If you have a spare room at home that is not used, you can make it an office room. Even though we are in 2022, working from home is still a thing. And many people struggle to work in a living room, as it might not be productive for them. And if you don’t have a spare room, you can have a space in a place that you think will work best. Many people choose to have the working space in the living room and kitchen area.

Accent walls with bright wallpapers

Bold colors and beautiful colorful wallpapers are other new trends of 2022. When working from home, you have turned on the background wallpaper at least once, right? Having an accent wall with bright wallpaper will help you make your statement. This year’s wallpapers are not considered as old-fashioned. This is another way to bring a pop of color to your home while keeping the overall style.

Decorative glass

This year many people choose to have glass walls in their rooms. This kind of decoration can help you make your rooms seem bigger. Moreover, if you have windows in your rooms, glass can also add more light to the room. Decorative glass walls will also elevate the style of the rooms, making them more appealing and airy.

Change your kitchen cabinet color

If you have white kitchen cabinets, you might consider painting them in other colors, as this year, cabinets with colors are coming back. Depending on your color preferences, you can paint them any color. Don’t be afraid to add a pop of color to your kitchen. This year the colors green, blue, and gray are in trend.

Vintage

Adding elements of vintage items to your home will be another trendy thing to do this year. This way, you can add a unique and striking style to your home design. Thrifting can be a good choice if you opt for this option.

Make your master bathroom larger

The last couple of years has proven that having larger bathrooms is important for people who spend a lot of time here. Double counters and double sinks in the bathroom not only look luxurious and rich but also make more space for couples to do their stuff and keep their skincare and body care products in their own place. Walk-in showers can bring more elegance to the bathroom, and you will have more space to take long and enjoyable showers.

Black accent

There was a time when white was on trend, and everyone followed the all-white direction. However, this year a black accent on your home design would be the perfect finishing touch to your house renovation. Having black walls or cabinets should not intimidate you. It can bring more bold features to your place. And if you still don’t think that black is something you’d try, you can start with small details such as door handles, faucets, lamps, and etc.

Backyard

If you have a backyard that you haven’t used for enjoyable evenings, guitar singing near the firepit, or hanging out with your neighbors, this year’s renovation should include remodeling your backyard. You can use your backyard not only on special occasions but also every day. You can hang beautiful lights, bring outdoor sofas and coffee tables, add some swinging chairs, and perfect daytime and evening activities will be there for you.

Smart features

This year, people will also add a lot of smart gadgets to their homes, making their favorite place a smart home. Tech has become an incredible part of our lives. Adding smart features to your home will bring more convenience and ease to you whenever you leave home. Who doesn’t want a ready hot bathtub after work or a delicious coffee the first thing you reach home. Smart homes are no longer a futuristic thing but they are close to us than ever.

The bottom line

Whenever you are thinking about renovating your home, you certainly check what are the trends of the year. We hope this article helped you find out some of the latest trends and design ideas that will be on point this year and will continue to be trendy in the following few years. If you follow at least one of these trends, your home will surely become more beautiful and keep your guests in awe.

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Here’s what you need to take into account when buying a house

You need to take into consideration a few points when buying a house. Starting from how many bedrooms you want to have, the area of the outdoor space, and ending with the safety of the neighborhood. But how should you prioritize them from highest to lowest? The experts at promocodius.de have separated several important notes to keep in mind, and below are four essential factors to consider.

The location of your real estate

This is something everyone has heard before and it is surely the first important point to consider. One can’t change the location of their homes, which is why it is really important to think about it long before making your decision. When looking for a house, people always want to buy it in a nice area, with a safe neighborhood. Moreover, if the house is nearby many shopping and entertainment places, hospitals, and schools, it brings more advantages to the house. Many people who buy a house for the first time want to buy a house that is on a busy street or with power lines nearby just because the prices are lower that way. However, when you live in a house for a long time, you might be tired of those things, and you cannot change it unless you change your house. That is why having a location that fits best to your requirements is the best priority.

What’s the price tag?

When looking for a house, people have a certain budget in mind that they want to go over. Additionally, the monthly mortgage payments should also be suitable for you. And therefore, the price of the real estate can be the most essential factor that affects your decision. In a competitive market such as real estate, the prices of houses can be changed every day, even every hour. That is why, when checking the budget of the house, you should negotiate it with your realtor. And if you can afford something, it is not necessary to break the bank, as you can spend it on other household stuff, such as furniture, which is another unavoidable expense. Luckily there are many coupons and discount codes for you to find your desired furniture at a desirable cost. For example, the special promo codes from VidaXL can provide up to 11% discounts on your purchase, allowing you to use the saved money on something else.

The size and style of your dream home

Depending on the number of your family members, the size of your house may be another question to consider. It is surely worth considering taking into account your household growth. If you want to have a big family and live all together, having a big house is something you need to look for. As for the style of the house — many specialists advise considering several factors, such as what style you mostly like, how many floors you want to have, is the exterior design important for you, and etc.

Even though you don’t have any plans to grow your household, you can still consider the fact that it might change at some point, and in that case, your house will have enough room for all. Or, if you have a pool after a few years, will your household have enough space for it? And if you consider it earlier, you can expand your household whenever you want. Outdoor design or house renovation can be a great upgrade for your house. However, you should know that it won’t be cheap. That is why Aosom provides great coupons for those who want to have something fresh in your house.

What’s Nearby?

Nearby establishments and buildings can be another priority for people who want to buy a house. Especially, if you are moving with your kids or planning to have kids, checking for nearby schools should be a must.

Everyone would want their kids to go to a good and high-quality school. So it is necessary to have a closer look at what the nearing areas offer. Having a nearby shopping mall, grocery shops, and entertainment places can be a great advantage if you are planning to stay in that area for a long time. That is why you need to consider this point as well.

The bottom line

Starting from the list above, you can start looking for a house in a batch of checklists. However, keep in mind that buying a home is individual for everyone. Based on your requirements and price range, you need to determine which factors to prioritize and which are less important. A good realtor is the key here. They can assist you in finding the priorities and estimate the house you are looking at against those measures. The most important thing is to have a required list. And if the house doesn’t work, be prepared to leave. This can be difficult, but you’ll be grateful to yourself a few years after you settle down in your beloved home.

The post Four tips to help you buy a real estate appeared first on Gazit-Globe.

Any income falls into one of two categories: passive and active income. While most people have heard of passive and active income, many are unsure of the difference between the two or how to make passive income.

Many believe that understanding how to create passive income is the key to creating wealth and financial freedom. As Robert Kiyosaki (bestselling author of Rich Dad, Poor Dad) once said, “The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income or capital gains.”

What is Active Income?

Active income is payment for time spent – wages, gratuities received for services rendered, commissions, or tips.

For most people, active income is earned before passive income can be earned.

Often, real estate investors work full-time to earn active income and then reinvest as much as they can to start creating a stream of passive income from things like rental properties. So, let’s look at ways to make active and passive income.

Examples of Active Income:

• A wage is the most common way to earn active income, whether part-time or full-time. A wage is a fixed amount of money received for working a regular schedule, such as 8 to 5, Monday through Friday. Salaried employees effectively exchange 40 hours of their time per week in exchange for a guaranteed amount of active income.
• Commissions are another form of active income, although the amount of money received can vary greatly from job to job. For example, real estate agents typically receive a commission of 3% to 6% for the sale of a property and a commission on a rental equal to one month’s rent. However, people who work on commission often see their income rise and fall depending on the time of year and transactions made.
• Tipping is an active income earned based on the level of service provided. People who work in the food service and hospitality industries often receive a fixed salary or hourly rate in addition to tips from satisfied customers.
• Freelance fees and consulting income are two other types of active income. People with marketable skills, such as graphic designers or software developers, often start freelance businesses and work for clients as independent contractors.

What is Passive Income?

Passive income is usually derived from an income-producing asset in which the investor is not actively involved.Often this asset was purchased with savings from active income sources such as wages, compensation or other compensation.

Now let’s look at some examples of passive income:

• Interest income can be earned in several ways, such as depositing money in a bank deposit or owning a bond. Unfortunately, the interest income earned on such investments may be less than the rate of inflation. This means that an investor may actually lose principal by investing in an asset that earns passive interest income.
• Dividends from publicly traded stocks are another potential source of passive income. Some well-known blue chip companies that pay dividends include Apple, Nike and Mastercard, Sber, Gazprom, and Norilsk Nickel. However, as with interest income, dividends paid by companies can often be low.
• Income from a limited partnership as a silent partner in a business or real estate investment can be a better way to generate passive income with higher potential returns from regular payments plus a percentage of the profits if and when the business is sold. Of course, higher returns often come with greater potential risks. Investors who invest in a limited liability partnership as a silent, passive partner run the risk of losing their entire investment.
• Rental property income can often provide an attractive risk-adjusted return by generating passive periodic net income along with the potential gain from appreciation when the property is sold. The average sales price of apartments, has risen nearly 56% since the last two years. Rents are also rising, albeit not at such a gigantic rate. But keep in mind that real estate markets historically go through both up and down cycles. For example, home prices declined between 2007 and 2009 from the market peak before the last recession began.

How to generate income from real estate

Real estate can generate active or passive income, or sometimes both. The type of income generated from real estate depends on the investor’s strategy and whether the investment objective is to generate potential income in the short or long term.

Active Real Estate Income

Resale and wholesale real estate investors seek to generate income from real estate over a short period of time.

Another type of investor buys properties in need of renovation at below market value, makes necessary upgrades, and then resells at a profit to a buy-to-let investor or a buyer looking for a property to live in or run their own business. The job of such investors is to find a property that is undervalued by the market, which is often a non-trivial task.

Wholesalers are experts at identifying undervalued properties. Interacting with a real estate wholesaler can be a good way to find over-the-counter deals that can have instant capital gains after closing and making necessary repairs.

Generating active income from real estate usually involves a high level of risk in exchange for the promise of high rewards and can be similar to working full-time. If the property stops selling or the rental market sags, active income from the property will also decline. This is basically the difference between active and passive income methods.

Passive income from real estate

Passive income from real estate is generated by investors buying and holding real estate in two different ways:

• Permanent net income after rents are collected and bills are paid
• and the potential gain from appreciation generated by the sale of the property.

Many investors describe passive income from real estate as making money in their sleep, paraphrasing, “Landlords make money in their sleep without working, taking risks or saving money.”

To be fair, making passive income from real estate does require some work, even when the day-to-day details of managing a rental property are delegated to a local property manager.

For example, a passive real estate investor regularly reviews financial statements such as the income statement and cash flow statement, periodically visits new potential properties to invest in, and identifies new opportunities to expand and expand the rental property portfolio.

One of the best things about owning real estate that generates passive income is that the investor can spend as little or as much time on his business as he wishes. Whereas active real estate investors, when they stop working, they stop making money.

This is why many real estate investors seek to earn passive income through real estate.

Ways of active and passive income. Key takeaways.

• The two main types of income are passive and active.
• Passive income includes money received in interest, dividends, and rental property.
• Active income includes wages, work and service fees, tips, and commissions.
• Real estate investors can earn both active and passive income, depending on the investment strategy used.

The post Ways of Active and Passive Income in Real Estate appeared first on Gazit-Globe.

We very often encounter situations when a tenant comes to us and says that the landlord:

• He was cheated at the conclusion of the contract and now he has to pay 2 times more than he “negotiated” at the conclusion of the lease
• Doesn’t return the security deposit.
• Won’t let him into the premises and won’t give the property back.
• Turns off the electricity.
• Makes me pay for some extra work.
• Refuses to accept early termination of the lease.
• Raised the rent by 50%.
• Constantly fines me for something.

These are the main problems a tenant suddenly encounters after signing a lease agreement. But, of course, it is far from complete. I often get the impression that many tenants have no sense of self-preservation. Even a spark of simple common sense is sometimes more than enough to avoid many problems. But no, why read the contract, it is just a formality! The main thing is to get the space and start the business as quickly as possible.

And when problems begin, the tenant makes round eyes and says, and I thought that …

You can think what you want, but the first thing to understand is that:

The contract is an agreement of mutual rights and obligations, not just a piece of paper that confirms your right to be in the room and need only the accounting department as the basis for the transfer of money.

Once the contract is signed, the parties can build their relationship solely on the basis of what is written in the lease agreement.

Take your time

Haste is only good if you are late for your flight. When you sign the document on the basis of which you will have to pay, you should never rush. No matter what your reasons for urgency are.

Not only that, but you could easily miss something important. The advice sounds trivial, but it is one of the main reasons for subsequent problems and losses!

Don’t rush to spend your money, don’t rush to sign a lease!

Don’t give in to pressure

The owner and dishonest realtor will foam at the mouth to convince you that they have a line of those wishing to rent the premises. Some of the suffering are even willing to pay 10, let’s not bother to pay 20% more than you. But the owner and the realtor, they are not like that! They only want to see you as a tenant!

Sound familiar? Doesn’t that sound like nonsense to you? The person is offered to pay 10-20% more, which is a lot of money for real estate, and they refuse. They don’t have anyone in mind, or they do, but they just can’t make up their minds. And this whole circus is just to get you to sign a lease as soon as possible. Oh, I forgot. Even can alternative offer (commercial offer) from another tenant to wave at the earliest conviction doubters.

Do not be fooled! That is, do not believe it. This market was last time in 2006-2007, when the room could actually be simultaneously up to 5 tenants. Now there is no such thing.

Do what you need to do, get the information you ask for, carefully prepare the contract.

Do not trust the landlord or his representatives

It is not that they will cheat you, because all landlords are like that. On the contrary, there are many decent people among them. And the representatives of owners – they are employees and will do what is beneficial to their employer. So don’t forget that the landlord has his goals and you have yours.

Case study: At the conclusion of the lease agreement, the parties agreed to install a promotional stele in the parking lot of the shopping center, but did not include it in the agreement on the grounds that the stele is outside the premises, so it must be a separate contract. And after signing the lease agreement the landlord, without refusing directly, delayed on various pretexts coordination of the placement of the stele.

So what? Contract for the premises is signed, the lease is dripping, and with the stele tenant himself to blame, no way to make a normal design, although he has already paid several hundred rubles for the development and numerous changes in the design.

Our advice is to make all the arrangements in the lease agreement.

Read the contract

Signing a contract without reading it is the height of folly. Do not step on the same rake, which borrowers constantly come across at the registration of loans in unscrupulous financial institutions, when they say the rate on the loan of 5% per annum, but after signing the contract it turns out that they have to pay more for insurance, processing credit, request the Bureau of Credit Information, printing and God knows what else, resulting in a rate rises in ten or hundred times!

Our advice – do not sign anything without reading.

Don’t rely on lawyers

You should not rely on lawyers to negotiate your lease. Keep in mind that there are very few good lawyers who specialize in real estate transactions. If your lawyer does not work with real estate, he will check the contract solely for compliance with its provisions of the Civil Code. And unless the contract says something exceptionally nonsensical like “the tenant must sit upside down in the unit,” they simply won’t pay attention if the provision doesn’t violate the Civil Code.

Case study. We specifically did a little test with a lease agreement that had this provision “The landlord has the right to increase the rent twice a year by no more than 50%.”

Result. Everything! The lawyers pointed out to the customer that you can’t increase the rent twice a year, but only 10% of the lawyers pointed out the likelihood of a significant increase in rent.

Why? Because for a lawyer, it’s not a legal issue, it’s a commercial one. The same goes for repairs, fire safety, access to the premises, etc., etc.

Don’t assume that a lawyer is a jack-of-all-trades.

Our advice is not to limit your contract review to a lawyer.

Involve specialists in negotiating the contract

Ideally, real estate managers who specialize in rental transactions and who will then work on the contract should negotiate:

• The point-of-sale director or other representative responsible for sales, especially if it’s a mall location.
• The operations engineer, the ahosh, the locksmith, the electrician. That is, someone who will then operate what you signed.
• A fire safety specialist. Especially when it comes to the placement of a large number of workplaces or rooms in which a large number of people are expected to stay.
• A structural engineer or contractor who will be building your point of sale, so they understand their capabilities and limitations.

Our advice is to involve specialized experts in the verification of the contract, especially if we are talking about large-scale investments.

Feel free to ask questions

If, of course, you have one. This advice echoes the previous one. When you read the contract, constantly ask yourself if everything is clear to you. Remember, the landlord is initially in a better position. He knows his space much better than you. So he will try to move all or part of the problems on you. Large owners, such as shopping malls, just hang all the costs on you, but the problems with the building will solve themselves. But the others may give you… er… a surprise.

Our advice is, if you don’t understand something, ask. Otherwise you’ll be paying for the cities water supply.

Don’t forget the appendices to the lease agreement

Many professionals who carefully study the text of the lease agreement itself, often just run their eyes over the appendices. I have even noticed this peculiarity for myself. Sometimes the most interesting things are contained there.

For some tenants, especially professional rentiers, the agreements themselves contain only general points, and the most important things are hidden in the appendices.

Advice – if you want to understand how to conclude a lease, read the appendices to the contract. Even if the landlord refuses to make changes to them under the pretext that they are the same for everyone, you will clearly understand what awaits you and make a reasonable and informed decision about the advisability of the lease.

Do not sign the lease for the premises first

Probably many people will criticize me now for blowing on water, because the practice of the tenant signing first is very common. It’s all true. I’m not going to argue. This is advice from the section of reinsurance. If the parties were going all the way to signing, then the landlord has no reason not to sign.

But in our practice, there have been cases where the tenant signed the contract and the Acceptance Act of the premises first and gave these documents to the landlord. Landlords due to various reasons, mainly because a more interesting potential tenant appeared on the horizon, did not sign the documents. When a new deal fell through, they would sign and demand payment from the tenant for all the time since the signing of the deed. Although in some cases, the period was up to a month. And once the landlord tried to demand a year’s rent even though the tenant never showed up at the premises.

Advice – try not to sign real estate leases first. Let the landlord do it.

Summary

• Take your time.
• Don’t give in to pressure.
• Don’t trust the landlord or his representatives
• Read the agreement.
• Don’t rely on a lawyer
• Involve specialists in contract negotiation
• Don’t hesitate to ask questions
• Don’t forget about the addendums to the lease
• Don’t sign the lease first

The post Concluding a Lease Agreement appeared first on Gazit-Globe.

If you want to save money, in this article I will tell you how to buy an apartment without a realtor by yourself. I will try to describe all the main stages of the purchase and outline the main risks, so you can buy an apartment without a realtor and without losing your money.

Decide what you’re looking for

The question seems silly at first. The dialogue is usually like this:

• What are you looking for?
• Well, what are you looking for? A two-bedroom apartment.

And then the fun part starts. Many people have a rather vague idea of what kind of apartment they want, where it should be situated, what real financial possibilities the buyer has, etc.

So in order not to waste your time, make a small “rider” – your wishes concerning the future apartment. This list will include the following points:

• Number of rooms
• District or neighborhood
• Floor/and
• Presence of schools, kindergartens, health clinics, supermarkets
• Distance to work
• View from Windows
• Your finances
• Condition of the apartment

Of course, your vision may change during the inspection of apartments, but the initial list of requirements will save you a lot of time and effort.

Where to look for options of apartments for inspection and selection?

The most common way to find an apartment for your own home purchase is on websites. They publish a huge number of offers for apartments for sale. Be prepared for the fact that many ads are published not by the owners, but by real estate agents. Do not be confused by the fact that there may be several ads for one and the same apartment. This means that the apartment is being sold by several realtors or by the owner and the realtor.

Another common option is to look for offers for apartments for sale in specialized newspapers and magazines. Most advertisements in such publications are placed by the owners.

You should not ignore the various message boards on the Internet, where various advertisements are published, including those for the sale of housing. Technically it is long and hard to look through all the information, but if your goal is to find a dream apartment and save money, you should not neglect this option.

There are paid bases, but it’s your decision which way you should search for apartments. Free databases allow you to find a home for a longer period, but it is still possible. It happens that there are several offers of the same apartment. In that case, some of the listings were created by realtors, but still the owner is there too.

If you are sure about the area where you will live in the future, it makes sense to walk around the area and see ads for homes for sale on the porches and poles and other advertising media. This will kill two birds with one stone: you will closely examine the area of your future residence and you may find a great option for buying. You can even put up your own ads, if you have the time and desire. Option very expensive, but it works. We sometimes use it in our work, too, to fulfill the job of our client.

Another original option is your friends and acquaintances. But not their apartments, but the message boards of the organizations in which they work. If the organization is large, it’s 100% likely that apartment listings are published there. You can ask your friends and acquaintances to look at apartment listings on these boards and ask them to publish your ad to buy if you have already decided which apartment to buy.

The market of apartments for sale and purchase is very competitive, and you will often encounter a situation when, having called an advertisement for an apartment you liked, you will suddenly find out that it is sold out. You will be offered to look for another apartment or offer to find an apartment for you. The advice is simple – be patient and keep looking.

What you should pay attention to if you are planning to buy an apartment on your own without involving a realtor

Remember that you are buying an apartment for a long time. According to statistics, more than 80% of families live in the same place for 10 years or more. If you do not like something in the rented apartment, you will most likely have to deal with it for a long time. To avoid this, pay attention to the area where you live, how comfortable it is for you, how convenient it is for your children, what is the transport situation there, etc., etc.

What you need to pay attention to during the first inspection of the apartment.

Look at the condition of the apartment, will you have to make a major repair after the purchase, or you can confine yourself to cosmetic repairs. Remember that while you are renovating you will have to live in the apartment, or somewhere else. Examine everything carefully, don’t be shy. Your politeness may cost you a lot in the future.

Look at the apartment at different times of the day to understand its insolation, whether the location of the windows suits you, whether it is bright or dark enough. Notice the condition of the utilities. Pay attention to the neighbors’ front doors. In some cases this can tell you a lot about them.

Talk to the concierges, they can be a very helpful source of information about the seller and your future neighbors.

If you have a car, research the availability of parking. Determine for yourself where you will leave it.

And one more piece of advice. Even if you like your first apartment, look at a few more, just to make sure you pick the apartment of your dreams.

Documents needed to buy an apartment

When buying an apartment on your own, you should be very careful about the package of documents the seller gives you. We have prepared a list of documents that will help you buy an apartment without a realtor. So, the following documents may be required for drawing up a purchase and sale contract:

• Certificate of state registration of ownership and/or up-to-date extract from the Unified State Register of Legal Entities;
• Valid passports of all homeowners;
• documents of title confirming the rights of the apartment owners (privatization contract, equity participation agreement, sale and purchase agreement, donation agreement, certificate of inheritance, court decision)
• permission from child welfare authorities (if a child is the owner of the apartment or the share);
• technical passport;
• documents on legal capacity of the owners (dispensary certificates, driving licenses). As an alternative to conclude an agreement involving a notary, but you will have to pay extra;
• Documents of absence of arrears in utility bills and taxes;
• Notarized power of attorney from the seller to conclude the transaction (if necessary);
• notarized consent of your spouse to the sale of the apartment or the court decision on the division of joint property, or a marriage contract, if the owner is married.

Advance payment when buying an apartment

The practice of paying a certain amount of money to the seller of an apartment you like is very common. If you want to buy an apartment without any experience, you should also pay close attention to this point. The payment of a certain sum of money to the seller is a kind of guarantee of the seriousness of the relationship of both parties to the contract of sale. In this case, the parties sign a preliminary agreement, a contract of deposit, an advance contract. The point of any of these contracts is to “reserve” the apartment for the buyer for a certain period. The seller at this time draws up the missing documents, such as certificates of absence of debts for housing and communal services, and the buyer collects money and/or arranges a mortgage.

We recommend concluding an agreement on the deposit, because if the seller refuses to sign the contract for the sale of the apartment, he will be obliged to pay twice the amount of the deposit. This can somewhat discipline the seller and make him stop actively looking for other buyers.

Registration of the transaction for the sale of real estate

If you want to buy an apartment without a realtor, you should use this step very responsibly. At the stage of signing the contract you should have all the documents mentioned above. If any of them are missing, then you should seriously question if the seller’s intentions are pure. In this case, it is better to postpone the deal or cancel it altogether, so as not to become a victim of fraud.

Before you sign, it would be highly advisable to get an extract from the Registry Office to make sure there are no encumbrances on the apartment.

Reconcile the data in passports, certificates, powers of attorney and extracts. Everywhere there should be the same person, right down to the letter. I’m not talking now about cases of fraud, but simply about elementary inattention.

If there are multiple owners, they all need to be specified in the contract of sale.

When drawing up the purchase agreement, carefully check the correctness of the passport data and the details of the apartment.

In the contract we shall check the price of the apartment, how to pay, how to sign the act of acceptance of the apartment, if there were people registered in the apartment, and when they should leave.

The stage of transferring the money is a very responsible one. It is best to pay through a safe deposit box, especially if you buy an apartment from an individual. This guarantees the safety of the money and your peace of mind.

Remember that after the seller receives the money, his efforts to fulfill the obligations he gave when he signed the contract can decrease dramatically. For example, he may suddenly have problems with the evacuation of the apartment, removal of his property, removal from the registry office.

Therefore, in the contract of sale and lease agreement for a safe deposit box should be specified order of payment for the apartment and a list of documents that the seller must present to the bank to get access to the safe deposit box with the money.

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