Selling a property can be a costly and stressful time for anyone. It takes a great deal of your time and effort, so it’s natural for vendors to want the process to end with the best possible outcome. All vendors naturally have the ultimate goal of seeing their property sell quickly and at a high profit. Yet in many cases, houses can sit on the property market for months if not years with little to show for the time and effort. This may be due to your agent and or partially due to common mistakes on the part of the vendor. There are many factors that go into a successful sale, including the estate agent you choose to work with and your marketing strategy. You can improve your chances of avoiding typical mistakes by working with a very proactive, highly recommended and experienced agent. With that in mind, here are some mistakes to avoid when you’re selling your home.
A lot of home activities such as cooking, cleaning, eating, drinking, socializing take place in the kitchen. That’s why it needs to be both beautiful and functional. Regardless of your kitchen design style, organization and layout are essential. Here are the some mistakes to avoid in order to achieve both practical and elegant kitchen design.
Poor planning and budgets that are too small can lead way to some wayward, inconvenient and disastrous mistakes. When you plan on building a new home, you must look at the home from many angles. You must consider your current and future lifestyles. You need to take family planning into consideration – Will your family be expanding? Or will your children be leaving the nest? Do you entertain often and host overnight guests regularly? Take your time and do your research both online and in person. Be sure to take the time to meet with professionals in the industry. Poor design choices can make your home not only uncomfortable, but downright unhealthy. Architects, engineers and builders are all trained to help you make effective decisions. They will help guide you as to where you can save and where you absolutely should not cut corners.
Real estate tends to lag behind other economic sectors when phenomena such as recessions take place; as such, it may take some time before the proverbial housing bubble bursts. When that happens, buying opportunities tend to emerge.
Few points are listed below to enlighten buyers out there.
Depicted above is a single cycle. The end of the recession phase connects to the beginning of the recovery phase to form the continuous wave pattern. Understanding the progression of each phase within the cycle is critical in being able to identify investment opportunities, as well as risks that can arise, with heightened sensitivity when phases are on the verge of transitioning.
One of the unique aspects of commercial real estate is that investors can invest successfully across all four phases of the cycle. However, understanding whether a cycle is climbing closer to a market peak, or starting down the slippery slope towards a market low can affect a variety of factors, such as:
- Pairing investment strategy to phase
- Holding periods and exit strategies
- Return expectations
- Performance as it relates to income and appreciation
- Timing of capital improvements
For an industry that has literally suffered a period of boom and bust in recent years, the real estate sub sector in the view of bookmakers is about to unravel.
According to the faculty members of the Nigeria Real Estate Investment and Exhibition (NREIE), a think-tank for the real estate market, the sector has enjoyed significant growth over the last decade even amidst the shortcomings of finance, know-how and right operatives. High-rise office buildings are springing up in tens yearly and luxury estates are on the increase in major cities. There is however more to be done, it is believed there is a deficiency of about 17 million houses to serve the populace optimally. Read More
Real estate business might not be very buoyant at the moment. The reasons are not far-fetched; the ongoing economic challenges in the country which has resulted in the fluctuation of naira against other currencies (dollar and pounds) and has made some people to put on hold investment in real estate, while a number of would-be investors have to contend with the task of locating investment opportunities in markets that offer the greatest long term growth and stability, and or investment in other endeavours. Read More
Selling your home is all about making a great first impression. Known as curb appeal, the impression your home makes at first sight can make or break an inquiry.
What role do your home’s exterior building materials or siding play in the curb appeal game? Depending on the materials you use, siding creates character. And most important of all, the upkeep of these materials reveals how well you’ve cared for the rest of the house.
Here are some of the most common building materials and the impressions they give Read More
It’s easy to build a home gym in your spare bedroom, basement, or even garage. However, when doing so, it can be easy to focus strictly on gym equipment, rather than the interior décor you will have to look at every day while getting your sweat on.
If you are looking for some easy ways to brighten up your home gym and make it more inviting (so you actually want to work out every day) check out our top tips. Read More
Whether you are moving to a new country or city, because of work or college, the process itself is usually very stressful. It’s draining both physically and emotionally, due to the amount of work that needs to be done and to the fact you are leaving the place where you have spent a certain amount of time and possibly grown roots. Temporarily, your life becomes chaotic and reduced to countless boxes and lists, and you can’t help but worry all the time if anything will be lost, damaged, misplaced or mishandled.
Indeed, packing and moving is an overwhelming process, but there are things you can do to prepare and try to go through it all with as little stress as possible. Read More