What is considered a “Furnished Apartment for Rent/Sale”?
We have seen many apartments that are considered “furnished” asking for high rent or selling price. But what we see are odd pieces of furniture thrown in together. The condition of the furniture is also in bad conditions and it is not even consider livable. “Furnished”, “Partial-Furnished”, “Unfurnished”, what are these names? Are they just terms that owners and property agents used freely? What are they benchmarking against?
Where to find sources of start-up capital?
Waiting to build a substantial amount of investment capital may prevent you from ever getting a start in real estate investing. If you are convinced that your funds should be placed in real estate now when property prices are low in the recession time, first thing you need to do is to find your start-up capital for your investment. Let’s look into the usual places where people keep money and some possible sources of capital you may not have thought of.
Why banks are being fussy about who they lend to?
Regardless of what central banks around the world do with interest rates, banks are no longer keen to lend during this recession. Why’s that? Simple – because property prices aren’t rising any more. As we’ve always said – real estate investment is all about financing – it turns out that the most important supply and demand variable for the housing market is the supply and demand of credit, not of property. And that’s why it’s going to take a long time for prices to recover, or even to bottom out. Because banks won’t be keen to lend any time soon!!!
How to estimate the value of a property?
To estimate the value of a property is not as difficult as you think. With some information from the market, you can do the estimation just like a valuer. Property value depends on the potential income the property can generate – annual rental. This has been the guideline for valuer to perform property valuation and for government to derive property tax (quit rent & assessment fee).
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