customhomex
modern apartment
By - Crosby Calhoun

Top Tips for Buying an Apartment

Pre-purchase Inspections

You should obtain an independent valuation before you purchase an apartment. The valuation can help you negotiate with real estate agents and give you an indication of the financial situation you want to be ready to offer. If you are an investor, it will help you to assess the rental income potential of your Mountbatten Residences. Moreover, it is advisable to take a strata report. It will tell you the financial health and physical state of the apartment complex. In fact, it will reveal where there are complex issues.

Location

This is a vital thing to consider when buying any real estate property. You should note that poorly located properties are difficult to rent and sell. Thus, they will suffer from low capital growth. Some of the vital things to consider include:

  • Proximity to transport, amenities, and shops
  • Rental vacancy rates
  • Potential for capital growth
  • Demand for accommodation in the area
  • Future development plans

Apartment-specific

The truth is that a functional and well-designed apartment is bound to enjoy growth and create an opportunity for cash flow. These are some of the things you need to look out for:

  • Outlook and views – A great outlook is preferable, particularly if outdoor balconies and areas take advantage of the views.
  • Occupant mix – go for apartments that have a higher number of owners as compared to tenants.
  • Parking – check whether the apartment has secure parking for you and your visitors.

Finance

As an investor, you know that there are different ways of financing your investment. You can seek home loans that are tax-free. In this case, you can use equity from another property or your savings to reduce purchase costs and avoid the costly mortgage. You should avoid small apartments, served apartments, and inner-city apartments. That is because most lenders do not want to lend money for such apartments as they are volatile.

Nowadays, you can also get no-deposit home loans. These are not good for every person, and in some instances, you will have to make a contribution to cover the costs. In fact, some home loans do not require any deposit at all. However, they are available for people who have a higher income. Remember to watch out exit fees for these types of loans as some of them charge hefty fees if you close the loan with five years.

roof repair
By - Crosby Calhoun

A Guide on How to Choose Professional Roofers

Installing or replacing your roof is one of the vital decisions that any homeowner can make. However, this job needs qualified roofers who can complete this task professionally based on the needs of homeowners.

It is crucial to understand that your roof is a valuable investment, and if you need any changes, you need to hire professional roofers. When you select the right company for your roof, it will make a massive difference for your safety, peace of mind, and savings. Therefore, once you have made up your mind that you need a professional roofer, here are the factors that you need to put into consideration.

Go Local

Even if many roofing contractors advertise excellent and quality services, one of the features that you should pay attention to is their location. It is critical to go for a roofer who has an established reputation in your region. There are a lot of reasons or benefits that you will get if you decide to go local.

roofing contractorsMost of the local roofers familiarize themselves with the weather challenges that are affecting your roof. Also, they know more about the weather and the right tools that they will use depending on the condition of your roof. Therefore, make sure that you hire a roofing contractor who comes from the neighborhood or one from your region.

Ask for References

One way to be sure that your roofing contractor has ethics is to check their references. If they are willing or ready to provide you with a list of clients that have worked with, then know that you are dealing with certified roofers. However, go ahead to contact the given clients for you to get unbiased feedback.

Look for Insurance and Licensing

When you want to get quality and professional roofing services, make sure that you check whether you are dealing with insured and licensed roofers. Most of the countries out there require roofing contractors to be insured and licensed. When they have the right documents, this means that they are certified and trained to conduct quality professional roofing services. Therefore, go for licensed and insured roofers.