Use Good Bathroom Design To Add Value To Your Property

 

Property Investing Bathroom Design 1We all know that bathrooms form an important part of any property. A bathroom is one of the most frequently used rooms in the house. It is also one of the rooms most visible to guests. It can show visitors how lavish the occupants of that house are and also creates a great impression to the outside world.

If you take a look at any property magazine today, you will see that some bathroom design ideas are unique, some are simple and some can be quite outrageous.

 

Different people have different ways of designing their bathroom, no matter how beautiful or weird the outcome may be.

The basic design of a bathroom includes type, style and colour.

There are three basic types of bathroom:

• guest
• family, and
• master bathroom.

When developing property, you don’t always need to build all three. However, if space and budget dictates, you should definitely consider this in your project scope as it will greatly enhance the value of your property.

When it comes to bathroom style, the most frequently used styles are American, English, Southwestern, Victorian, and the Country look. The final decision of the property developer would be to choose one that matches his target market. Designing a bathroom in a style that does not suit your target market can become a very expensive mistake.

When deciding on the colour of your bathroom, 90% of the time, you should opt for lighter colours, for example white. A dark bathroom will not appeal to many people so should be avoided wherever possible.

One very popular option is to go for the natural look, for example a bathroom containing good looking plants, rocks, and falling water. Again, these options would appeal to a more affluent market and may not appear in a smaller 1 bedroom flat.

You could also install a plant shelf or greenhouse window in the bathtub area if space allows.

The addition of plants is especially useful for the purposes of viewings.  These plants can obviously be removed once you have sold or rented your property.

 

Other natural bathroom ideas are:Property Investing Bathroom Design 2

• Natural lighting.

Some people have skylights installed in their bathrooms. This brings the feeling of a natural relaxing environment.

Halogen lights look much better than bulbs and fluorescent lights and should also be considered.

• Natural accessories:

These include objects made up of wood or Bamboo. One important aspect of these accessories is that they are durable and don’t break easily.  Again, don’t worry how expensive any accessories are, as they can be removed once your outcome of a sale or let has been achieved.

When designing a bathroom, you should consider the three primary sources of lighting: ceiling-level, ambient and task lighting. Task lighting could appear around the mirror and throughout the room, for example near your taps, doorknobs, towel bars and toilet paper holder.

If necessary, your bathroom design should also consider using larger tiles to create a sense of space, or rectified porcelain tiles. The rectified porcelain tiles have narrower grout lines making them more pleasing to the eye.

You could also change the door style of the bathroom by using sliding doors especially when the property you are developing is small. For larger bathrooms, you could add a glass sliding door to divide the bathing area and toilet area. The options are limitless.

By planning your bathroom design carefully, you should be able to work with your project manager to create a design that works not just for the property but also for your potential market and most importantly your budget!

 

 

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How To Search For The Best Property Locations

 

If you were to look at 100 properties, you may end up buying one good deal! Property is very much a numbers game. The more you look at, the more familiar you’ll become with your market and the chances of you finding an absolutely amazing deal are greatly enhanced.

As a serious property investor, you should be looking at property every day – if not physically, you should be analysing deals in the local property paper or online. Using the latter method, you will be able to literally analyse hundreds of deals in one sitting. If you’re not already familiar with several locations you might want to invest in, I would recommend you start doing some research.

Call several agents in your area, visit local property websites and check the local paper to help you to familiarise with the market.

Prior to investing even 1 penny of your hard earned cash, you need to verify that there is market for your property for your preferred tenant class. There is little value in buying a property and then deciding whether you can let it out or not.

The best locations for your property will depend on your target tenant. If you want to rent to students then you will need to source a property close to a large University or College. Alternatively, if you want to rent to professional tenants then you will need to provide a house close to a large employer or within easy reach via good transport links.

As a rough rule of thumb, you should always try to purchase properties in ‘up and coming’ areas with good transport links to the local employers. The properties tend to be cheaper here, and with the added benefit of HUGE growth potential. Furthermore, tenants don’t mind living in these areas for slightly lower rents than they would otherwise be charged in more prestigious locations.

When looking for these ‘hot spots’, you should firstly look at locations adjacent to ‘nicer’ areas. Scour the high street of these areas looking for new shops that are opening up, for example Marks and Spencer’s or ‘trendy’ coffee bars.

Place ‘ghost’ adverts in the local paper advertising for a property that you do not yet currently own. If you only receive one phone call for a 4 week slot, then you can safely say that the location is not a tenant hot spot. However, if you receive 20 phone calls a day for a week, you can probably risk a bit of money and buy in this location!

 

 

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Property Investing Is A Real Business!!

 

A lot of people get into property investing thinking that its just about buying houses – you buy a house, develop it and then sell it on. Or you buy a property and then rent it out. And, in return for your efforts, you’ll make a load of cash!

Surely, if life was this simple, everyone would be investing in property. Right?

Before you throw in your job and embark on a lucrative career in property investing, you really need to sit down and try to understand what property investing is really all about. Property investing is a serious business. Treat it as a hobby and you will only ever achieve hobby profits. However, treat it as a business and you’ll get great results.

A successful property investor who buys and deals in property every day will:

• Understand what vital research is required before he offers on any property. This will include a lot of desk research including but not limited to ringing estate agents and letting agents to get the ‘feel’ of any one street in any one area.
• Perform essential calculations to assess the viability of the purchase before even stepping out of the front door to view the property.
• Know exactly which locations to invest in, and which to avoid like the plague.
• Have a system in place to enable him to source and buy property below market value time and time again.
• Know all about clever negotiation strategies that will help him to save literally thousands off any property purchase.
• Understand creative strategies such as options, no money down and cash back deals.
• Know how to invest not just for asset building, but also for cash flow.
• Be able to structure each deal to suit the property sellers situation.
• Understand both buy-to-sell and buy-to-let strategies.
• Know what to do with the property once he’s bought it.
• Have mastered the basics of property ownership and how to be a good landlord so that tenants never leave.
• Will know about property development and how to ensure that jobs get done on time and within budget.
• Know how to create a win-win situation every time.

So next time you think about investing in property, consider the above and start knowing exactly what will be expected of you to succeed. Don’t start investing in property thinking it will be easy money with very little effort.

Property investing will require a lot of hard work and dedication especially from the outset. Educate yourself on the subject and develop a list of like minded friends and mentors whom you can consult when you get stuck.

If you go into property investing knowing the above, there’s a good chance you will succeed. However, if you maintain a casual ‘lets see what happens’ approach you will throw in the towel much sooner than you initially expected, labelling property investing as a waste of time!

 

 

 

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Property Investment Is Not A Get Rich Quick Scheme

 

I recently read that 8/10 millionaires made their millions through real estate. Whether this statistic is entirely true or not, I don’t know. However, what I do know is that A LOT of people have made their millions from property. In fact, I would even go so far as saying that more millionaires are created from investing in property than any other industry.

If you are interested in obtaining a good passive income, then I would definitely recommend you consider property as one of your strategies for wealth creation.

But be warned, property investing is not a short term get rich quick scheme. Done properly and with guidance, you will gain:

• Amazing capital growth – your portfolio will increase by £100,000’s a year.
• Great cash flow – you will obtain an amazing monthly passive income.
• A legacy to pass down to future generations.

If you are seriously considering property investment as a career choice, please note that you need to look at it as more than just a hobby. In other words, you need be put some effort in for it to work. If you do only look at property as a hobby, you will only ever achieve hobby profits. Your dreams of earning millions from property will remain just that – dreams!

Property investment, like any business, is a serious business and you need to start investing with the right attitude. Working just one day a week on this business is simply not enough especially when you’re starting out. I’ve known a lot of people who have started investing in property only to fail miserably purely because they expected too much in too short a time.

So how do you become a serious property investor? Simple.

As a minimum, you need the following three traits to succeed

• Knowledge

This can be obtained from mentors, books and seminars. To do well in any business, you don’t just need specialised knowledge but will also need to develop yourself personally.

I would encourage you to attend personal development events to help you to move forward quickly.

• Personal Motivation

You need to be motivated to do well any aspect of your life. A lot of people fail because they give up too soon! They try one or two techniques recommended to them, find they don’t work and decide property investment doesn’t work!

Model yourself on a successful property investor that you know. Keep going and don’t give up.

• A Team

To do well in property investment by your self is almost impossible. All successful property investors that I know have built a team of clever people around them. You need to do this also.

As a minimum you need access to good solicitors, accountants, financiers, builders, other property investors and finders. Become a prolific networker, show people that you are a doer and expect results in your business and allow like minded people to join you in helping you to grow your business.

 

 

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Property Investment Courses

 

"Learning is the beginning of wealth. Learning is the beginning of health. Learning is the beginning of spirituality. Searching and learning is where the miracle process all begins", Jim Rohn

Investing in property may seem like todays flavour of the month. However, due to the large amounts of money changing hands, it is not something that you should try without proper training and guidance.

When I first started investing in property, I spent a lot of man hours educating myself. I bought every single book on property that I could lay my hands on. I spent a lot of time and effort attending workshops and seminars. When I had become confident of my abilities, I ventured out and bought my first property.

Buying my first property did not mean that I could now stop learning about property investment. In fact, it was the exact opposite. I was now spending more time learning the different property investment strategies; I was attending more seminars and courses and reading specialised books on investing. Had I stopped learning after my first purchase I would not be a successful property investor today.

A couple of weeks ago, I did some research to see what courses were being offered to help people get into property investment. Quite frankly, I was shocked by the results. I found single day courses and workshops ranging from £500 to £10,000’s. And, that’s not all.

I even found several portfolio companies requesting 6 figure sums in return for an ‘off the shelf’ property portfolio! Today, every other person appears to be offering a property investing course. How do you choose which one is right for you?

Firstly, my advice would be for you to not pay anyone to buy a property portfolio for you. If you want success in property, you need to understand at least the basics of property investing. Paying someone a truck load of money to buy a few properties for you will not give you this knowledge.

Attending property courses should by definition increase your knowledge of property investment. However, prior to parting with any money you need to address the following issues:

• What are the credentials of the course organizer? Is he/she a property investor himself and how much experience does he/she have?

The best person to advise you on property investing would be someone who walks the talk – there’s little to gain from a presenter who has never bought a property before.

• What are the course contents? Will advanced techniques be addressed?

It’s the advanced techniques used by successful property investors that will set you apart from all those other wannabe property investors.

• How many people will be attending the course?

A course attended by hundreds of people may lack the personal touch, but will present networking opportunities to you.

• How much and how long is the course?

Paying several thousand pounds for a one day course is too much. You need to weigh up the cost, length and contents before making up your mind.

• Will I be given the opportunity to network with other attendees of the course?

The property business is a business of relationships. You need to network with others in the same business as you will not be able to do it alone.

• What is the location of the venue?

Is it worth traveling hundreds of miles to a course that may be offered closer to where you live?

• What support will be provided after completion of the course?

Course attendees quite often become unstuck after attending a course. You need to find out if any support is offered after you complete the course.

Only once you are satisfied with your answers to the above questions should you part with any cash.

Be warned though, attending a course by itself will not make you into a successful property investor. What will set you apart from any other attendee on the course is your level of motivation and determination to succeed in property investing.

 

 

 

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Advertise To Source Below Market Value Property

 

One of the best methods to find below market value property is through advertising. Placing classified adverts in your local paper should be part of your overall game plan to locate motivated sellers.

A motivated seller is basically someone who needs to sell his/her property very quickly due to circumstances beyond his/her control.

These circumstances could have arisen through for example divorce, death or debt.

When anyone experiences any one of the above, they may be ‘forced’ to sell their house and more often than not will need to sell very quickly. It’s this speed of sale that is more important to the seller than the final price achieved. This is why a sale via an estate agent may not be the best option for the vendor of the property.

These motivated sellers often turn to adverts in local newspapers to look for prospective purchasers of their property. If you’re not advertising in that paper, you could be missing out.

If you are financially constrained, don’t buy a half page colour advert! Try a small black and white advert first. I’ve known simple monochrome adverts to work just as well as their colour equivalents.

Test the market by changing your headline every week until you find one that works best for you.

When first deciding on the wording of your adverts, it is best to look at what your competition is doing. Try and find adverts that appear every week and emulate their style. These adverts obviously work otherwise they wouldn’t be used over and over again.

One thing to try would be to literally ‘copy’ a successful advert that appears every week. All you need to do is change the contact number at the bottom of the advert. Done effectively, you will ‘legally steal’ half of the original advertisers market!

When it comes to advertising in the paper, please be aware that success will not come overnight. You need to be persistent in your efforts, and continually test your strategies.

Also, an advert that may work very well in one paper may be a dud in another. You can avoid making expensive mistakes by continually trying different variants of your advert. I can’t stress this enough.

Once you have a successful advertising strategy, you will find that you are dealing primarily with motivated sellers. This will enable you to grow your property business very quickly and with very little of your own money.

 

 

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