Rammed earth houses are a type of construction that has been used for centuries. It is a sustainable building technique that uses locally-available materials and has low environmental impact.
Rammed earth, or some may also call it Adobe Construction, is a technique of building with natural, local materials, such as clay, sand, straw or water. The mixture is compacted to form walls and other structures. Rammed earth houses are durable and long-lasting; they require little maintenance and they provide excellent insulation against heat and cold.
How to Build a Rammed Earth House
Rammed earth is a type of construction that is done by packing earth, sand, and clay together to form a solid mass. The mix is poured into a formwork, compressed and allowed to dry. The mortar that binds the solid mass is either a clay mix or lime putty, and can be made from natural ingredients or manufactured. The Wikipedia article on “Rammed earth” is here.
Rammed earth is one of the oldest building techniques in the world. It dates back to at least 2500 BC with evidence found in the Middle East, Africa, and Europe. The technique was used to build many famous landmarks including the Great Wall of China and parts of the Egyptian pyramids.
Nowadays, rammed earth houses are still being built around the world but they are not as common as they once were.
What are the Benefits of Building with Rammed Earth?
Building with Rammed Earth is a sustainable and environmentally friendly way to build structures. This technique has plenty of benefits, such as being energy efficient and carbon neutral.
In addition to the environmental benefits, Rammed Earth is also an energy efficient building technique. It’s a carbon-neutral building method that can be used in both warm and cold climates.
The benefits of using this material for building are numerous. It’s strong, durable, easily available and inexpensive. The only downside to using rammed earth is the amount of time it takes for construction to be completed.
What are the Drawbacks of Building with Rammed Earth?
Rammed earth is a type of building material that is made by compressing layers of soil, gravel, sand and clay into blocks.
The drawbacks of building with rammed earth are primarily related to the high water content in the soil. When it’s used to build with, it will have an adverse effect on the stability of the structure. It also has a low thermal mass which will cause it to heat up quickly and cool down quickly.
Why You Should Consider Building Your Next Home With Rammed Earth
Rammed earth is a type of construction that is made by packing soil, clay, sand and other materials into a formwork. It has been around for centuries, but it is making a comeback due to its sustainable and cost-effective nature.
Conclusion:
Building your next home with rammed earth will be the best decision you have ever made. It will not only save you money on construction costs but also leave behind a legacy for future generations to enjoy.
We’ve all probably encountered them already at some stage, these small, wingless insects that are nocturnal and eat paper, fabric, and other organic substances. Yes, we are talking about silverfish. They are not exactly harmful but if they are too many it can be disturbing. So, let’s see how to fight silverfish infestations.
One way to fight silverfish is to use a vacuum cleaner to suck them up. You can also use a dustpan or a broom to sweep them up. The next step is to place the silverfish in a plastic bag and seal it tightly before throwing it away in an outdoor trash bin.
The Best Way to Control an Infestation of Silverfishes
Silverfish are one of the most common household pests and can be difficult to get rid of. However, there are a few tried and true methods that will help you get rid of silverfishes for good.
Don’t let an infestation of silverfish take over your home! Follow these simple steps to control them and keep them away for good.
There are two main ways to control an infestation of silverfish: physical removal or chemical treatment. You can use store-bought chemicals like boric acid or diatomaceous earth, or you can use natural substances like vinegar, dish soap, or boiling water.
You can buy traps or make your own traps to capture silver fish and kill them off. Some people use an empty cereal box with sugar or potato peels as a bait to make a simple trap. Others smear some honey on a paper – when the silver fish comes to feed on the honey it gets glued to it and is trapped.
How To Prevent A Silver Fish Infestation In Your Home
Silverfish are famous for their ability to eat through paper, clothes, and other organic materials. They can also survive in areas where there is little water. If you have a silverfish infestation in your home, it can be difficult to get rid of them. However, there are some preventative measures that you can take to keep them from coming back.
You should start by looking for any sources of moisture or food that attracts the silverfish. You should also make sure that your home is well ventilated so the silverfish will not have too much moisture to feed on.
Conclusion: How To Fight Silverfish
Silverfish can be a hard pest to get rid of because they are very resilient. They can go weeks without food and water. Also, they are not deterred by chlorine or most other common household poisons.
To prevent an infestation of silverfish, it is important to clean your home thoroughly. This includes vacuuming all carpets, removing cobwebs from ceilings, and cleaning up all spilled food in the kitchen. Silverfish are attracted to these areas so it is important that you make sure these areas are clean at all times.
One way to fight silverfish is by using a borax-based product in the cracks of your bathroom or kitchen tiles. This will dry out the silverfish eggs and kill them before they hatch. Another way to prevent an infestation of silverfish is by using an organic insecticide, such as neem oil or rosemary oil.
The war in Ukraine has had a significant impact on most economies around the globe – therefore it comes as no surprise that it also affects house prices.
Higher House Prices Due to Inflation
Especially, the conflict has led to an increase in inflation rates, you probably already noticed it, no matter which country you live in. In some countries – due to this inflation – prices are increasing faster than wages. As a result, people are getting poorer and possibly can’t afford to buy houses anymore.
Many people already gave up looking for the cheapest property for sale. There still are some out there but usually those are in need of some work and further investment to be able to live in them or rent them out.
The cheap houses for sale, now seems to be those that were just a normal price before. Especially in bigger cities there is a shortage of housing. Also, when it comes to creating new housing, they are usually luxurious expensive stuff – as there is just a lot more money to be made.
How the War in Ukraine Affects House Prices of Newly builds
First the pandemic and now war, those has been major factors in the shortage of building materials. This in turn has led to a considerable increase in the price of new build houses all around the globe.
Also the increase in gas and energy prices have been a great hit in the market. Running machinery on the construction site, having to pay higher wages – all of this contributes to an considerable increase.
This might be felt stronger in some countries than in others.
What are the Effects of War on Housing Markets?
Housing markets are always affected by wars. The effects of war on the housing market depend on a lot of factors, including the duration and intensity of the war, the location of the war, and how it affects other countries and other aspects of life.
War can lift housing markets in some cases. For example, during World War II there was a shortage in construction materials like steel and timber. This led to higher prices for these materials and an increase in demand for homes as people wanted to buy houses before they became too expensive.
However, most wars have negative effects on housing markets. For example, during World War I there was an economic depression that led to lower demand for homes because people were not earning enough money to afford them.
Conclusion: The Impact of War on House Prices
The conflict has led to a significant shortage of houses and higher prices for those that are available. This is due to the increased cost of construction materials, as well as the number of refugees fleeing from the conflict zone. These people need housing but there is not enough supply, leading to higher prices and shortages.
If you have a house for sale, now is a good time to get a good price for us.
We all get old, that is just a fact. How do we imagine our future as an old person? Where do we like to live? Here we will look at two options: independent living such as in a retirement village and living in a nursing home.
What is a Retirement Village?
Retirement villages are a type of retirement home that provide accommodation and communal activities. For example, they offer meals, social activities, medical care and other services to the residents.
Retirement villages were originally designed for elderly people who wanted to live with others in their age group. But nowadays, there are many different types of retirement homes that cater to various needs. Some even offer houses for sale, that they buy back again if you don’t need it anymore.
What is a Nursing Home?
A nursing home is a residential institution for the care of elderly people. It provides medical and social assistance to those who, because of age or infirmity, are unable to live independently.
Nursing homes are also often called “retirement homes.” The term “nursing home” is not just a euphemism for an old-age home or rest home. It refers to the fact that many residents require nursing care.
What are the Benefits of Living in a Retirement Village?
Retirement villages offer a variety of benefits for those who are looking to live independently but still have a sense of community.
One of the benefits is that they provide on-site or nearby medical care. Retirement villages also provide socialization opportunities for their residents and also offer activities for them to do during the day.
What are the Benefits of Living in a Retirement Village?
Living in a retirement village is a great way to enjoy your golden years. Not only is it good for your mental and physical health, but it also offers many other benefits.
Some of the most popular benefits of living in a retirement village are:
-You don’t have to worry about maintaining your property
-You can live with other people who are at the same stage as you are and share advice, experiences, and knowledge
-You have access to amenities such as swimming pools, spas, gyms, etc.
What are the Benefits of Living in a Nursing Home?
Living in a nursing home can be a great option for seniors who are unable to live on their own. Here are some of the benefits of living in a nursing home:
1. A nursing home is an environment that is designed to help people with disabilities, illnesses or injuries live as comfortably and safely as possible.
2. Nursing homes provide 24-hour medical care, which can be difficult to find at other types of housing.
3. The staff at a nursing home is specifically trained to care for people with special needs and works around the clock to meet those needs.
4. Living in a nursing home allows seniors to remain connected with their loved ones because they are surrounded by friends and family members who visit often and share meals together on weekends or holidays.
What are the Drawbacks of Living in a Retirement Village?
The main drawback of living in a retirement village is that it is not for everyone. For example, if you are a person who likes to travel and explore the world, then this might not be the best choice for you. Retirement villages are usually located in a remote area with limited access to public transportation.
What are the Drawbacks of Living in a Nursing Home?
There are many drawbacks to living in a nursing home.
Some of the drawbacks that people find most difficult are the lack of privacy, the lack of independence, and being unable to control your own life.
Nursing homes have strict rules about what you can do and when you can do it.
Conclusion: Which is Better for You?
The answer to this question is not an easy one. It greatly depends on your needs and what you are looking for.
I believe most of us would choose the independent living option and enjoy a more independent life as long as possible. But what if you start needing a little extra help? Or maybe it is not you but your spouse who will need more professional care. Unfortunately, there is a lot of uncertainty about what exactly your needs will be when you are old. Will you wish for more company, help around the house, or a more intensive medical help? When planning your future, it would be good to keep all of this in mind.
A great idea is also those retirement villages that have a small nursing home on site just in case.
If you are looking to sell land, you might be wondering what the benefits of selling it to a builder are. In this article, we’ll explore the benefits of selling land to builders.
Selling your land to a builder can be beneficial for a number of reasons. The first and most obvious reason is that you will get more money than if you sold it on your own. Builders have more money and resources than individuals, so they can offer more cash for your property than an individual could. This means that they’re able to pay higher prices for the property and make better offers on price.
Builders also have connections with other developers who may be interested in buying or leasing the same property from them in order to build something new on it.
What is the Process Behind Selling a Land to a Builder?
Selling a land to a builder is a process that may take time and effort. The first step is to do research on the builder. You should know about their construction quality, project management, and customer service.
The next step is to find the right person of contact in the company. You can do this by looking at their website or by doing an internet search. You can also ask your friends who have worked with builders in the past for recommendations.
Once you have found the right person, it’s time to set up a meeting with them. This meeting should be scheduled at least 3 weeks in advance so that they will be able to give you their full attention and answer all of your questions without feeling rushed or distracted.
How Do Builders Evaluate the Property and what are their Needs?
Builders evaluate the property in various ways. They may not be looking for the same things as a home buyer. For example, they are interested in how long it will take to build on the property, how much it will cost to build on the property, and whether or not there is enough space for their desired number of units.
The builder’s needs are different than a home buyer’s needs because they want to know what it takes to develop and build on the land. Like this they can see if it makes sense for them financially.
Preliminary Investigation – What is “Due Diligence”?
Conducting preliminary investigation is the first step in the site selection process. Due diligence is the process of investigating a property before purchasing it. This is to make sure that the property the builder is buying is in good condition and free from any potential problems.
The due diligence process starts with a physical inspection of the property. This is done to check for any possible issues or safety hazards. The next step would be to check the title of the property and ensure that there are no liens on it. They will also need to do some research on the current market conditions and prices of similar sites.
The last step in this process would be to have an environmental assessment done. This will uncover any potential environmental hazards that may exist on or near the land you are looking at buying.
The preliminary investigation should not be too long because you want to start negotiating as soon as possible. In fact, some investors will not even bother with a site visit if they are satisfied with what they can find out about it through their due diligence process.
What are Some of the Documents Needed for this Transaction?
The offer letter is a document for the seller of the property. It contains all the conditions, terms and specifications of the offer.
The offer letter includes information such as:
– The name and address of the buyer
– The price and date for which the property will be sold
– The date by which a response from the seller must be received
– Any other conditions that are agreed upon between both parties
Conclusion
The process of selling land to builders is not as daunting as it might seem. It is a logical step for those who are looking to sell their land and also want the best return on their investment.
This article has outlined the process of selling your land to builders and what you need to do in order to make a successful sale.
The expression “Secret Real Estate Agent” almost looks like it was borrowed from some action movie. In reality it is a little bit less spectacular but, without a doubt, equally exciting.
What is a Secret Real Estate Agent?
“Secret Real Estate Agent” – does not mean you do this profession without being registered. Of course, also a secret (real estate) agent has to be registered and fulfil everything that is required by law. By “secret” we mean, that the agent is not publicly advertising a specific property he or she was asked to sell. He/she may not even have a website or advertise the business and in many cases the main profession is another real estate related profession, such as architect or engineer.
They are usually approached by a client who asks if they may know someone who would be interested to buy one of their properties. And that’s the only way there are allowed to sell it, by offering it directly to someone.
This might seem strange at first, but among certain groups that is exactly what they want. The best to explain this is by giving an example.
Seller doesn’t want to look like he needs money
In many cases the properties in question are from rich families. Having a certain popularity and their place in society they like to give no reasons for gossiping.
Huge estates can cost a lot of money in maintenance, tax and so on… If they actually don’t use it anymore it makes sense to let it go. This is regardless of their financial situation – nobody likes to throw money out of the window, no matter how rich you are.
Of course, if people see the big family estate for sale, the first thing they may conclude is that the family is in financial difficulties – that’s how people start talking…
That’s why it is better to sell it secretly – through a secret real estate agent of course.
Or in another case, the seller might be having an apartment block for sale and he doesn’t want his tenants to find out. Also, he would approach such agent, who will then go and talk directly to investors who may be interested to buy.
How does a Secret Real Estate Agent sell?
The only way you are allowed to sell it, is by offering it directly to someone. Or in some cases you are allowed by the seller to advertise it in another country. Like this you can get a foreign buyer.
It is a far more difficult job than a regular agent. You need a pool of good contacts, including millionaires, investors … etc. But of course, it pays off big time as the properties that are sold this way usually have a high value. You can find foreign buyers by listing real estate internationally.
Are you one of those agents? Then drop us a line and let us know how did you get started? Do you have any advice?
All year long most of us are looking forward for the few weeks when we can go on vacation and finally embrace our true passion: travel. If we could prolong this to a few months it would be a dream come true. If you can’t work while travelling another way to be able to do this is through passive income.
The pursuit of passive income has become increasingly popular these days. No wonder, because it gives people the freedom to pursue their passions without relying on their salary for sustenance. So now, you can start a travel blog or create content for another website where you can share your experiences with others and make money at the same time! Writing about you experiences in a travel blog is top of the list on how to generate some passive income while you travel. Another big one is to rent out your home while you are away.
The Wealth of Experiences that can be Achieved on Full-Time Travel
A full-time traveller can visit one of the best places in the world. He can go to an exotic location and enjoy the culture. He can also go to places which are more offbeat and less visited.
The world is a very large place, and it is imperative that you make sure that you take time out for your own self-discovery. This will give you valuable life experiences which you will never forget.
Making Your Travel Dreams a Reality
The steps to make your dream a reality is about goal setting, investing, and the mindset shift.
First you need to set goals that are achievable in the next one, three, five or ten years. The rule is simple, if you don’t have goals, you will not achieve them.
Then you need to invest in yourself by learning new skills or strategies. And lastly you need to change your mindset because there is no such thing as “too late”. You can achieve anything!
Creating Your Own Path in Life while Embracing Every Moment Along the Way
You have to create your own path in life while at the same time embracing every moment along the way.
It’s time to take control of your life and start making choices that will define who you are. You have to be making decisions on a daily basis about what you want for yourself and for others. It’s also important to set goals for yourself so that you can move forward with your life instead of just drifting around aimlessly.
Full-Time Travel with Passive Income as the Ultimate Goal
Making full-time travel a reality is not everyone’s ultimate goal. This might be your goal if you’re an avid world traveller or if you like to explore new cultures and experience different lifestyles. Many people, though, want to do it because it seems so awesome and romantic. They might be retirees who want to spend their days doing what they enjoy the most after working for 40+ years and saving up for their retirement.
Achieving this ultimate goal will take a lot of time, effort, and money. Some people do it by saving up money while they’re still working and then quitting their jobs to travel the world while others work hard until they quit their jobs at 65 or 67 or whatever age that is in your country.
Of course, wasting all your life and energy to only achieve this goal at an advanced age seems a bit sad. That’s why some came up with a way of making this work before – with passive income.
Make Your Maths – How much passive income is needed?
The first thing to do would probably be to get your numbers right. How much money do you need every month to support yourself during your trips (food, accommodation, transport, travel insurance…)? How much money do you need to keep things back home?
The next thing would be to look at how much money you could possibly generate through passive income, such as renting out your home, having a travel blog etc. if the numbers don’t add up you might need some money and more time to build up more ways to generate passive income. On the other hand, you can also explore ways to save money on your travels, such as living in a van.
How Does the Van Life Work and How to Make it Work for You?
“Van life” is a popular lifestyle choice for those who are looking for a simpler life. You can find people living in vans all around the world. They are called “Van Dwellers.”
Van Dwellers choose this lifestyle not because they have no other choice, but because it best suits their needs. Living in a van lets them travel the world, be mobile and do what they want to do without having to answer to anyone else. The idea of living in a van is not only about the freedom and adventure, but also about saving money and enjoying sustainable living with minimal impact on environment.
Every summer, we can see hundreds of vans parked along the beaches where there are public toilets and showers. There is hardly any cheaper way to live.
How to Live in a Van and Travel Full-time on Low Budget
Some van dwellers will spend hours each day on Instagram and Facebook to document their adventures and share tips with others interested in joining the community. Of course, having an internet connection is a must.
If they have enough followers, they can also enjoy the financial benefit that comes with it. But what if you are not good at writing at all? Some choose to make certain investments that will give them passive income.
Investments You Can Make on a Low Budget
When you think of investing, you might think, “wow! That’s a lot of money.” But it doesn’t have to be. In fact, there are many low budget investments that can make a difference in your life.
The key to making the most out of your limited budget is to know what will give you the best return on your investment. You may be able to make a low investment and with your own work turn it into a big one. For example, if you are a handyman, you could look out for a cheap house. By putting in your own work you probably are able to sell it for a lot more later or even rent it out for good money, giving you a regular income to finance your travels.
Real estate Investments are one of the best ways to generate a regular passive income. Some people for example have looked up apartment blocks for sale as it is a lot easier to manage a whole block than to have apartments scattered around the country. Also, there are some management companies that can handle all issues that might come up with the tenants. By getting someone to look after your building you have a lot more time to enjoy your next travel adventures.
6 Other Ways You Can Get Passive Income
No matter if you want to travel the world or just like to have some more time with your loved ones. We all like to have a bit more money in our lives and there is a lot of opportunity these days with the rise of e-commerce and e-business. There are so many ways to make money from your home or van! Here are six ways that have been proven as lucrative by those who have tried them out:
1) Rent your property on Airbnb
2) Sell old clothes
3) Sell online courses
4) Invest in the stock market
5) Create an app or website that people use often and continue to pay for it with ads or subscriptions
If you are deciding your career and you like to know what’s the deal with architects vs real estate agents – maybe to decide whether you should be an agent now or study to become an architect than this article is for you.
Architects design buildings and carry a lot of responsibility – therefore one might think that an architect would gain more money. But this might not necessarily be the case. Of course, it depends on a few factors, such as the country you are working, how famous you are as an architect or how many social connections you have as an agent.
Who Gains More – The Architect or the Real Estate Agent?
Architects gain less on a house than real estate agents, and this is because they don’t get a commission on the sale of the house. They instead get paid by the hour or for their design.
Therefore, there is a sense of fairness in paying architects less than they would pay to an agent. Architects are rewarded for their creative skills that they put into the design of the house, whereas an agent may just be rewarded for negotiating skills.
In some cases, it might be that the architect gets as little as 1% of the house worth for his work whereas a real estate agent might get 3% or more to sell a property. Also, one house might be sold a few times over the years, giving more chances for agents to make money. If that’s the case it seems obvious that it is more profitable to be an agent rather than an architect.
You have to keep in mind though, that agents don’t sell all houses that they have on offer. This means they might be putting a lot of time and effort into some deals that will never give them anything in return.
Architect vs Real Estate Agent
An architect is the one who designs the building. They are responsible for the construction of buildings, buildings layouts, and more.
An agent is a person who sells real-estate property on behalf of the owner. They are also called property agents or estate agents. Their main job is to find clients and help them buy or sell their property.
Architects who are famous are more likely to make more money. They are the ones who design the big building, and they need to be paid for their expertise. On the other hand, real estate agents will always be needed in the process of selling and buying a property.
The Difficulty for Architects in Marketing Their Own Product
Architects face a lot of difficulty when marketing their own work. The architecture profession already suffers from low status and low pay, so it is increasingly difficult to get into marketing your work as well.
They must take on the role of artist, developer, manager, and marketer in order to market their work well. They must become a jack-of-all-trades in order to succeed in this industry.
What Are the Best Countries for Architects?
Architects are one of the most well-travelled professions in the world. They visit different countries for various reasons; such as to get inspiration, to network with other professionals, or even to find a better work environment.
While this is true for all architects, it is especially true for freelancers who have more flexibility in their schedule. Freelance architects often rely on connections with local firms abroad because they can’t afford to work without income for too long.
What is the Difference Between the Two Jobs?
Real estate agents are professionals who are responsible for the sale of properties. They market the property, show it to prospective buyers and negotiate the price of the property.
Architects are professionally trained in disciplines like design, construction, and engineering. They take up careers in building construction and design.
If you work as a real estate agent you would interact with clients on a daily basis who want to buy or sell their house or land. It is possible to work as an agent without any formal education. Although most people prefer experience over qualifications which is why it’s always better to start by working at another agency before branching out on your own.
Architects usually have graduate degrees in architecture from accredited schools/universities that take three years or more to complete.
Conclusion
Do real estate agents make more money than architects? Yes! While architects need to go to university and carry a lot of responsibility, real estate agents don’t need to go to university, and they make more money with less responsibility.
Real estate investment is a great way to make a passive income with a lot of potential. But what should you do before starting your own business?
There are a few things that you should know before you start your own real estate investment firm. The first thing that you need to know is what kind of business model do you want to use? Do you want to work with investors as an information broker or as an investor yourself? If this is something that appeals to you, then it is important for you to understand the risks associated with both options.
The Current State of the Real Estate Industry
The real estate industry has been a longstanding and profitable industry that has been around for decades. The market has shifted over the years where more and more people are going to real estate investment firms to buy property because of their low capital requirements as well as the profitability of the trade.
Might sound like an oxymoron but a lot of people want to be a “real-estate agent” these days. They want to be an authority on all things real-estate, but what they don’t know is that there are many other ways for them to invest in the field without being an agent.
How does One Determine if they have Enough Funds or Credit Scores to Start an Investment Firm?
A strong investor with a successful track record is not the only requirement to start an investment firm. They also need to have enough funds or credit scores that are relevant for the type of investment they are starting.
There are many factors that one needs to take into account when considering investing in an investment start-up. One of the most important ones is your credit score and your ability to borrow funds for investment start-ups.
Introduction of Potential Investors in Your Real Estate Business Venture
The first step in getting potential investors is to have a plan. You need to write down all the risks, the benefits, what will the company look like after it’s been funded – basically everything that can go wrong and what could go right.
The next step is to find people who are interested in your project. This typically involves networking or reaching out on social media.
The third step is to create a pitch deck for potential investors who are thoroughly interested. A pitch deck typically includes financial information about your business, information about the team running it, and other important details about your company’s future goals.
Networking Strategies for Successful Real Estate Investors
Finding a network of people with the same interests and goals is one of the most important steps in becoming a successful real estate investor.
Networking is a broad term that means connecting with others to share knowledge, skills, and expertise. There are many different networking strategies for entrepreneurs who want to make connections with others in their field. In order to create successful connections, you need to be remarkably genuine and offer something of value in your interactions.
In addition, there are many ways for entrepreneurs to get started when it comes to networking. For example, you can go out and attend events that will allow you the opportunity to meet new people and potentially find potential connections in your field. You can also use sites like LinkedIn or Facebook groups for this purpose as well.
What are The Different Types of Property You can Invest In?
Owning property is an exciting prospect, but can also be daunting. There are many different types of property you can invest in, and the price ranges vary widely. To make it easier for you to narrow down your options, here are some of the most common.
There are four main kinds of properties that you can invest in: residential, commercial, industrial and agricultural properties. Residential properties are the most common type of property for people to buy because they require less work than other types when it comes to upkeep and they already come equipped with things like plumbing and electricity for your convenience. You may want to look for apartment blocks for sale.
Financing Your Investment Properties
Investing in property is not always the safest way to make money. However, it does offer a lot of investment opportunities and can be a great way to grow your wealth over time.
One of the most popular ways for investors to finance their properties is by taking out a loan from their bank. This option offers the simplicity of being able to get approved for up to 95% LTV on purchase or refinance transactions. The downside, however, is that you are not only securing your own house but also any other investments you have.
There are also many private lenders who offer financing options for real estate investors who have good credit scores and cash reserves set aside for their own down payment. As with any other investment opportunity, there are risks involved with private lending.
What Helps You Succeed as a Real Estate Investor?
It’s important to know that investing in real estate is not always an easy task. There are many ways to lose money and there are also many ways to make it. If you want to be successful as an investor, then the following tips will help you.
1. Do Your Research
Develop a game plan before you purchase your first property so that you’ll know exactly what you should buy and how much it will cost. You’ll also need to decide if you want the property for rental, flipping or long-term hold so that you can find the right place for your investment strategy.
2. Get Creative with Your Finances
It’s important that real estate investors have enough capital because their money is their most valuable asset in this business – they need enough of it to cover all ongoing expenses.
Irish housing estates are just lovely. Lots of green, space, cute houses and windy roads where kids are playing. They look like a perfect little village – the best place to raise a family with all modern comfort available. They are remarkable examples in many ways.
Most of these housing estates that fit this description are developed during the Celtic Tiger period. The “Celtic Tiger” is a term for the very successful Irish economy that emerged during the 1990s and reached its peak in 2000. Ireland made a remarkable transformation from a country of poverty to one of prosperity before the world economic crisis.
Remarkable design of Irish Housing Estates
It is outstanding that the Irish housing estates are designed in a way to promote safety, comfort and general wellbeing. This is achieved by introducing lots of curvy roads in the estates and have only one way in and out, avoiding fast traffic or having a lot of cars that would just pass through.
The houses are designed to the general liking – friendly and homy looking rather than modern. There are rules to implement public greens in the estate as well as dedicating a certain percentage of houses to an affordable living program. Like this also less fortunate families are integrated in the neighbourhood. By doing so, they are avoiding the development of poor neighbourhoods somewhere else that would come with a number of social problems attached.
The Celtic Tiger and the Real Estate Bubble
Image by Zotx on Pixabay
When Ireland’s growth began to slow down in 2007, there were many warnings that it would not be able to avoid the impending global recession.
In 2008, Ireland was hit by a severe financial crisis as its property market collapsed due to over-speculation and over-development. This is leading to a substantial rise in unemployment rates and substantial falls in wages.
Simply explained, the property bubble started due to a real estate shortage. That’s why many property developments were initiated, that lead to shortage of workers. As more workers were needed, many foreigners came to Ireland to work, who also needed housing… Slowly but surely this was blowing up the bubble.
As a result of the 2008 crisis, high unemployment rates lead to people leaving the country or in case of foreign workers, they would return to their home country. Therefore, no more housing was needed and Ireland was left with a situation of over-development.
How the Irish Government dealt with the Property Bubble
Successfully addressing the housing and property market in Ireland has been a major challenge. That’s why NAMA comes to play.
NAMA is the National Asset Management Agency of Ireland. Set up in 2009, they take on some of the burden of loans from Irish banks. They try to address the financial crisis that Ireland experienced in 2008. The main role of NAMA was to take on some of the burden of bad loans from Irish banks. Also, they try to address the financial crisis that Ireland experienced in 2008.
NAMA purchases assets from financial institutions for cash or bonds, aiming to reduce lending risks for banks and other financial institutions.
We Can Learn From The Irish Housing Estates
We can learn a lot of lessons from the Irish abandoned housing estates. It is important to keep in mind that these developments are still wonderful homes where people live. They will do so for decades to come.
What happened to the Irish housing estates is a good example to study further when it comes to urban planning decisions.
