Business & Property

Factors to Evaluate a City for Real Estate Investment

Purchasing properties for investment is one of the most popular methods in increasing your net worth and building wealth. Unlike other methods of investment, houses or properties cannot be moved, and therefore, location matters a lot. Geographical, societal, and economical factors all play a role in determining the value of the location, and therefore, the value of your properties. Location is arguably the most important factor when it comes to purchasing a property for investment. There are several common factors that could be observed when it comes to evaluating a region or a city for real estate investment.

It’s important to note that everything is linked. The aspects of value should always take into account aspects of human life. Things such as employment, population growth, city developments, and a wide variety of factors all play a role. Observing the market as a society a whole is key. Let’s start with some of the common factors in evaluating a city for real estate investment.

Employment growth

People’s capability to purchase or rent is highly dependent on their financial state that determines their capability of buying. Companies and businesses that grow are signs of an area that flourish. The growth of the percentage of the city’s number of employment each year is indicative of employment growth that often affect the real estate market greatly.

Population growth

The increase in population is something that clearly has a direct impact in the housing market. The population growth is observed annually, viewing the percentage in the city’s population each year. Migration trend is something to look out for.

Infrastructure development

An intrinsic sign that a city or a region is growing financially is changes on its infrastructure brought about by development. You may spot roads being built, or a brand new bridge just finished constructing, or even just several new houses in the neighborhood, that may indicate a high demand in housing in the area.

Rental Yield

Compared to the property’s market value, the profit of how much rental pays is a direct indication of how much an investor could obtain rental income. Rental prices may not always reflect home prices in many areas, so make sure to do your research and find out, and possibly observe what may affect the trend. Regions with a high populations of students or young workers are sometimes the cause of the high rental yield. Not to mention, due to inflation, although home prices grow slowly, rent prices may increase rapidly due to inflation. Rental and home family markets sometimes can be very disconnected.

Increase in home values

The increase in home values is observed through how long it would take for home prices to go up each year. The median value of the inventory in the housing market is commonly observed. The length of time homes are on an active listing is one of the indications in the speed of home value. The overall factors affect the resale value of a house.

Economic diversity

While employment growth plays an important role in the state of the real estate market, economic diversity may just be as important. Economic diversity is observed through employment rates across a wide range of sectors, as opposed to a region dominated by a single industry. Places with only a sole industry dominating the region pose higher risks in the long run. Regions with a diverse economic sectors are much less risky, especially those with established industries. The examples of economically diverse cities are California, Texas, Sacramento, etc.

Tasting The Profit Of Bean Bag Chairs Production

In today’s modern era, living and office spaces are increasingly limited. This is the reason why choosing the right furniture. The mistake of choosing furniture makes your home and office unpleasant. The atmosphere of home and office help shape the mood.

Bean Bag Chairs

A relaxed atmosphere at home, in the office or anywhere, can be easily created. Furniture is one of the determining factors in creating comfort and a sense of relaxation. The solution to choosing furniture is multifunctional. Bean bag chairs modern, trendy and multifunctional furniture solutions. Not only designed as a furniture but also as a beautiful decoration.

Bean bag chairs are tiny furniture, mobility, as a solution to fill your tiny space. They are a type of sofa without a frame that can be occupied flexibly following the user’s body shape. Shaped like a large bag filled with Styrofoam.

Some of the advantages of bean bag chairs:

  • Light
  • Moveable
  • Durable
  • Affordable
  • Water Resistance
  • Fire Resistance
  • Trendy
  • Comfortable

Bean Bag Chairs As A Profit Field

Making bean bags can be done in 30 minutes. Is it true? If you pay attention, this is a large cloth sewn and filled with styrofoam. You can try making a bean bag pattern and looking for a convection to sew it. For filling, only requires 1 kg, where the price is very cheap.

Why not think about producing and selling it? This is a simple process that requires precision. The important thing to note is the quality of the cover material used. Considering they are indoor and outdoor furniture, then look for the type of material that is waterproof, fire resistant, comfortable and not hot.

To attract buyers, you can design bean bag chairs with 2 colors, so that it looks unique. Using 1 color will make bean bag chairs look elegant. Receiving customized bookings can help your sales market.

Prices of bean bag chairs on the market range from $ 70 – $ 100 and even more. While the material you need can be found cheap if you buy on a large scale. The margin you receive can reach 40% in a month.

You also separate indoor and outdoor types. Surely the cover material used will be different. For outdoor, it is better to use canvas fabric because it is strong and flexible. As for indoor, use velvet or other materials that are easy to clean. You can also look for designs for children. Bean bag chairs are perfect furniture for all ages. Bean bag chairs provide comfort for others and also huge profits for you as a seller.

Real Estate Market Price vs Selling Value at a Glance

Fair market value is a price that a seller and a buyer would agree on according to a few basic notion that involves knowing essential facts of the market state as well as a value of the house at a given time.

The house’s value and price may not reflect the current real estate market price, and vice versa.

Real Estate Market Price vs Selling Value

Conversely, what a seller and a buyer agree on may not reflect the house’s value nor the current market price.

Several factors may influence this. Thus, commonly, a listing achieved a fair market value if it fulfills three conditions which are; the transaction is “at arm’s length”, both parties are not under pressure, and both sellers and buyers are knowledgeable of the current market state.

Transaction is at arm’s length

Buying from family members or a close friend, for example, is not transaction that is done at arm’s length. The close relation more often than not, greatly influence the price of the house.

Buying a house from a complete stranger is different from buying the house from your aunt, for instance.

Both parties are not under pressure

There are certain pressure that may influence the closing of a deal. Some of the most common one is if the seller is under pressure of selling the house fast because of a relocation.

There is also a case when the buyer is pressed for a purchase, or if the buyer has no idea about the market price.

Both are knowledgeable of the market

Parties involved in selling the real estate have a fair idea of how the market is fairing at the moment of their communication or transaction.

Ideally, both parties would be knowledgeable of the market in the area, or have access to accurate information. This is a bit difficult for buyers to access, however, not impossible.

It can be done by enlisting the help of neighborhood specialist. Doing research by yourself also often proved to be fruitful.

Appraisal value

The appraisal value depends on several factors, in which the appraisal is done by a licensed appraiser, commonly from an appraisal management company. The most important things are commonly the most basic ones that are affixed to the house.

An appraiser would also compare the price with at least 3 houses recently sold in the area.

Market conditions

When the market is “hot” the price would typically be higher. And would continue to remain so for as long as the market remain “heated”. When the market is “cold” the price would commonly decrease.

The low price of the house during the depressed period reflects the current pricing and not the future value of the house when the buyer decides to resell, and the opposite applies.

Getting to Know Eco-Houses and How They Can Improve Your Life

Going environmentally friendly starting from the place you’d spend a great deal of your time on is a good move, especially when you’re considering buying or renting a living space. Eco-houses or eco-home is something that you’d hear often when the environment friendly topic comes up.  Eco-home is the term for living spaces designed and built to reduce its environmental impact. There are no fixed criteria on what makes an eco-house. However in general, eco-houses have several common characteristics or features.

Better thermal insulation

Thermal insulation is one of the major factors in reducing the usage of energy, especially during extreme climates during winters and summers. Better insulation results in less energy consumption to control indoor temperature. It reduces the needs for electricity, natural gas, fuel oils, and other energy sources to heat or cool buildings.

Better levels of daylights

Too little or too much sun affect the usage of electricity greatly. The sun considerably affect the consumption of light and temperature-controlling devices. Building houses with a healthy access to sunlight is a major key in designing and building eco-houses.

Passive solar orientation

Solar houses are not just fancy names used in real estate marketing. Solar houses is an integral part when it comes to better, environmental living. The concept of these houses have existed since ancient times and it’s a strong fundamental in developing human dwellings. Passive solar orientation ensures the house receive a healthy amount of sun, making this house strategic for receiving a good amount of heat during winters, and shaded in such a way to protect against the summer heat.

Energy consumption from renewable resources

Natural renewable resources refers to resources that could be reproduced either through naturally recurring process or biological reproduction. Renewable resources commonly used at houses are solar energy, biomass, and heat pump.

Uses natural materials

Avoid the use of polyvinyl chloride (PVCs/PVCu) or other plastics. The waste and carbon impacts of such products to the environment is enormous and negative. One of the mejor house components that could use natural materials would be insulation. Fiberglass insulation, spray foam insulation, mineral wool, and cellulose are among good natural ingredients for thermal insulation.

Strategically uses plants for house improvement

Plants are the best natural devices when it comes to key factors in protecting and improving the house. Plants help regulate temperature, help block the winter winds and provides shade from the harsh summer sun. Plants are also excellent in purifying the air. It also helps reduce noises by blocking the outside noise. Planting evergreens and shrubs not only help improve the quality of your house, they also provide privacy.

How to Buy Second Investment Property

Buying second investment property is not a bad idea. However, it is important to know more about it first before spend any money for it. There is misunderstanding about second home and investment property. Both are different things so you are not supposed to mix them up. The aim of buying second investment property is to expand your business. In the end, you have your own financial goal to achieve. Thus, this way can help you achieve it.

Tips to buy second investment property

A second home is utilized as a primary residence while property has investment purposes. Therefore, both are two different things that should not be mixed up. If you are going to expand your property business, what you need to buy is investment property not second home. Investment property aims to generate income by taking benefit from tax. Most of investment properties include rental property, commercial property, and fix and flip property. Here are some easy tips before you buy your second investment property:

  • Before buying our second investment property, you need to make sure that you have already achieved steady flow cash from your first property. This will at least keep you at the bay while you are trying to manage your finance for another investment. If you invest in second property while your first property’s cash flow has not been steady enough, you will expand problem not opportunities to get better business.
  • It is important to save enough funds each month so you have budget for emergencies such as sudden repairs. Remember that when you invest in second property, the possibility of emergencies is doubled up. It is also essential to calculate a projected return. Remember that you have financial goal to achieve when you choose to buy second investment property.
  • If you feel like lack of experience or knowledge about your target market, make sure you work with trusted and reliable real estate agents. They know exactly the situation in the market so they can help you set your target market along with effective strategies.
  • When you are confident enough to go to the next step, you can consider adding value to your property. You can make some improvements and ass square footage if necessary. You can do it on your way but make sure that in the end you can add the value to your property.
  • Since this investment use tax benefits to grow more, you may need assistance from the CPA. Work with professionals like this will allow you to understand more about your taxes. Remember that you have two properties to manage. The taxes will be more complicated as well. That is why you need to work with the CPA.

Buying a second investment property is good idea but also challenging. It can be a proof of your achievement in your property business. However, you may have some worries about going failed after being successful with your first investment property. However, you can do it well if you make the right decision through thorough consideration.

Reasons Bali Family Villas Ideal For Vacations

Accommodation is important and determines the level of holiday success. Bali, a tourist destination that is increasingly popular in the eyes of the world. Increasing demand for accommodation has made many luxury hotels or villas appear. Bali, a tropical paradise that is packed increasingly attractive for family vacations, solo traveling, business meetings and more. What is special, Bali has many accommodation options.

Bali Family Villas

Bali family villas are the ideal accommodation for holidays. The choice of bedrooms can be adjusted according to needs. This is a place where you and your family can relax, refresh your mind and body. Bali family villas really safeguard the privacy of your vacation. A beautiful and spreading beach is one of Bali’s advantages, considering that Bali is in the middle of the Indian Ocean. Uniquely, you can find Bali family villas with a direct view of the Indian Ocean.

The Secret of Luxury Bali Family Villas

In general, Bali family villas are different from hotels or resorts. More villas are just bedrooms and private bathrooms. They have a living room, family room, private pool, spacious yard and kitchen and equipment. The villa market segment is for expat, honeymoon and family vacations. Bali family villas provide a comfortable and calm atmosphere. Usually, villas are located in local residential areas. This is a separate experience for tourists. Seeing the daily activities of local people is something very interesting.

In addition to accommodation, location selection is also very important. If you want a quiet and relaxing vacation during your vacation, then you can choose Bali family villas in Ubud or Uluwatu. It is wrong if you choose a crowded and chaotic area like Kuta, Seminyak. The advantage if you choose Seminyak, Kuta, and surrounding areas, you have easy access to reach bars, clubs or other nightlife.

Staying at Bali family villas is fun. You can enjoy many activities close to the villa. Arum rapids is a challenging activity. If your villa is in Ubud location, you can do rafting activities. Rice terrace is the attraction offered in Ubud. Enjoying a cup of warm coffee with rice terrace views will be a perfect holiday.

Unlike in Seminyak, Kuta, and surrounding areas, where luxury and prestigious villas to spoil you. Seminyak is a popular area among smart travelers. There is a lot of fun if you decide to rent Bali family villas in Seminyak. You will easily reach the beach easily, shop, or enjoy breakfast, lunch, and dinner from international restaurants.

Passive Solar Houses Design for a Better Living

Passive solar home design have been something that gets a lot of media attention. However, the practice itself is something that the ancient people have been applying to construct their dwellings.

Solar houses design for better living

Passive solar houses are very efficient in its energy saving construct. If energy-saving is something that has been on your mind in your home construction endeavor, then the concept of passive solar houses are something you could start with.

The passive solar design is in-line with the building’s climates, sites, and materials in order to reduce energy consumption as much as possible.

Passive solar houses that are well-designed could dramatically reduces the energy used in heating and cooling the house through its energy efficiency strategies by incorporating and maximizing the solar energy usage in mind.

Make sure to choose your architect and constructors well; those who are trained or experienced when it comes to energy-efficiency. Having a home energy audit or a home energy assessment is an excellent start in building this important first step to constructing passive solar home design.

Keep the function of each room in mind

It is important to keep in mind each function of the room when constructing your house with passive solar design. Frequently used rooms ideally should receive a good amount of sunlight.

Examples of frequently used rooms could greatly differ from person to person or family to family, but two most common ones are living rooms and kitchens.

The most common practice in the US allows rooms that face South to receive the most sunlight during winter, but with proper overhangs, there is little direct sun and heat that seep into the house during the warmer months. The same should be kept in mind for bedrooms, patios, garage, laundry room, and others

Windows Orientation

Windows that are properly oriented contribute so much in the temperature regulation of houses.

Windows or other building installation that collect solar energy typically face true south within 30 degrees, while not shaded by other buildings on the high morning until afternoon.

Install overhangs on windows that face south to prevent sunlight from directly hitting the sun and overheating the room.

Distribution Mechanism

Back to elementary school’s basics, the heat from the solar energy collected by the house can be transferred through conduction, convection, and radiation. Fans and blowers may help distribute heat, therefore, installing fans can be super useful during the warmer days.

You might also want to apply lighter colors as opposed to darker ones because darker colors absorb more heat.

Thermal Mass

Thermal mass commonly consisted of stone, concrete, brick, and tiles. They absorb heat both from the solar energy during the summer days, while during the colder months they absorb heat from the warmer air in the house.

Do your research and consult professionals in choosing your thermal mass that best suit your needs.

Roof Overhangs

The roof overhangs are simple, yet a very important factor when it comes to provide a cover during the summer. It is especially important to construct roof overhangs in the South of the house.

How to Build Effective Communication in Property Business

Communication is the key in every success including in property business. By applying effective communication in property business, the risk of getting failure can be minimized. Communication is not only about how you deliver message through words.

Build an effective communication in property business

There are many things you can do to create effective communication. Manner is important element you need to convey message effectively. No matter how long you talk, you won’t deliver the right message without applying the right manners.

People like to think that only extrovert person can carry out effective communication. However, even introvert person can learn to carry effective communication by taking note on important points to emphasize the message and goals.

5 Tips to make effective communication in property business

Even if you were not born with excellent communication skill, you can still learn it through many ways. Property business is not only for social butterflies. There are many ways to learn how to carry out communication effectively even when your personality tends to be in introvert side.

Here are some tips for you to make effective communication:

1. Tell about the benefits your clients will get

In business, benefit is the goal. To carry out effective communication, you need to clearly offer the benefit your client will gain by working with you.

No matter how flower your words are if you don’t offer the real benefit for them then it will result in nothing. Make sure you highlight your strong point without downgrading your competitors. Just focus on informing your strength and benefits they will get once they work with you.

2. How you will communicate with the client?

The manner you carry while communicating is important. It is highly recommended that you choose conversational-type communication. There are many ways to communicate such as via email, phone calls, text, etc.

The reason why you should choose this style is to build comfort and trust with your clients. People will gladly work with someone they feel comfortable with. You can make small talk instead of jumping out directly towards business conversation.

3. Talk less, listen more!

Effective communication in property business will work if it is carried out in two ways. Therefore, you need to learn how to listen to others. By listening tentatively with what others say, you will know what they want exactly.

Communication is not dominating others. It is about finding the goals which benefit both parties.

4. Deliver your messages clearly

Instead of boasting around your past records, it will be more effective to explain and educate others while communicating. Thus, your clients will be able to identify your message and what they really get into.

By explaining elaborately, you will avoid any doubt from your clients. Choose the right wording so what you say can be understood easily.

5. Be more specific and persuasive

Being specific and persuasive is important to create effective communication. You can give specific time when you want to hear their response of what you propose. This will help you to convince your clients to believe what you say and make decision you expect them to.

This is a great strategy to create effective communication in property business because you gently push them to make decision instead of force them.

Bali web agency and travel businesses is a perfect match

A Great Match Between Bali Web Agency and Traveling Business

Bali web agency is needed especially to make your online business or simply just to increase the visibility of your company to your customers. If your business or company have a website, you can apply a number of methods and strategies to reach the targets you want.

What you will earn from a website? It should have advantages. Getting more sales, improve your business brand, more of distributors of your products or customers keep on using your services, many hotel reservations and much more. You have chances, the big one, to be achieved with only by own a website.

Bali, Jakarta, Surabaya, Semarang, and more of the big cities in Indonesia is a big chance for doing business. But without a website, it means that you have wasted a lot of potential customers around Indonesia or even globally.

Bali web agency and travel businesses is a perfect match

Internet usage as well as the users are getting higher every years. Later, it creates a chance for ever businessman in the world. It also have provided many of the “blue ocean” markets where there are still not many people are competing. So that, you can be the authority in your industry in almost no time.

Bali as part of the world’s top tourist destinations is visited by various people from various countries. They were coming to travel for several days, weeks and even months. Among them, there are some travelers that decided to work in Bali. Traveling and working in here somehow is hard to separate. You can still have fun without worry to lose more of your money. There are many ways to get the Dollars back.

In fact, it is no secret that many citizens of other countries then have successful businesses in Bali. Most are engaged in industries that support the world of local tourism such as building hotels and villas, restaurants, cafes and bars, nightclubs, so as to build or support the new destinations that has not existed before either natural or the artificial tourism.

The above facts are involved many of the people (local, domestic and foreign travelers), and that will be a great amount of markets that you can target. Your business has a chance to be seen and accessed by many of the people in Bali. The best way to reach them all is by build your own business website.

I know that you don’t have either the knowledge or the required skills and experiences to make the best website you have imagined. Therefore, you should use website services from agencies that have years of experience.

What make you will feel better is, the Bali web agency is easy to find and hire. Even there is an agency that has been served their clients from around the world. Not only for business owner in Bali, but literally asked them to build a website for the clients around the world.

If you are confusing about how to start asking about the website, you can simply tells the agency about the industry your business in. After that, you may be asked whether the site will be the online shop or e-commerce, company profile, for the organization in your company, a blog for your business, etc. You can also ask the agency first abut the type of website you’d like to make, but it should relevant to your goal and target you want to achieve.

Let’s say your main goal is selling more products as an reseller or dropshiper, then make an online shop sounds better to me. You can also build a blog for that where you can start sell the products while posting other related contents and referring them to your main landing page.

Most of the digital agency including where the Bali web agency is existing will not only build you a better website, but will also help you in preparing the initial contents. Either about the basic company information, or even can be a guide for visitors to find out more about the products you are offering them.

The website agency will also ask you about the website platform you will use. You can choose to build it with CMS such as Drupal, Joomla, Wix, and of course the most popular one which is WordPress. If you have no idea about them all, I would like to suggest you for using WordPress. You should also being explained about it by the agency you are talking with since choosing the platform is also important.

Using an agency particularly the Bali web agency can be a priority for the business owners at the same location. It is because they will have more knowledge not only in building your site but also when preparing the contents that are relevant and unique.
Your business may also be given specific advice on how the digital marketing works since a digital agency usually has its own marketing team.

So, take advantages of the opportunities for increasing the value of your business and company with the Bali web agency that you trust. The sooner you make the decision, the easier it will be to analyze the progress of the decisions you have made.

Finding Alternatives in Funding Strategies for Your Property Business Deals

Funding is important issue when it comes to business deals including in property business. It is highly recommended that you can find alternatives in funding strategies for your property business deals. Funding your deal means you need to gather more access to capital. This way, you will be allowed to make any offers. Being new investor means that the hurdle in finding alternatives to fund the deals is even more challenging. Thus, it is important that you are more creative in finding alternatives. This is about how you know exactly where to look because the capita; is basically everywhere. Don’t let lack of cash makes you hesitate in sealing the deals.

Alternatives in funding strategies for your property business deals

As mentioned earlier that being creative can help you find the best alternatives to fund your deals in property business. There are several options you can take to fund the deals. You just need to choose the one that you think is the right alternative to take. Make sure you manage your finance as well so there won’t be any hassle in the future. Here are some alternatives you can choose:

  • There is a chance you can fund your deals by borrowing from retirement funds. This alternative works for certain investors. However, it is important to keep in mind that understanding the penalties and fees beforehand is a must. You need to know what your deal is as well. If you choose rental property, you need to maintain the cash flow to stay steady. Through this alternative, you will also gain tax benefits.
  • Next alternative in funding strategies for your property business deals is your portfolio. You need to remember that your property may hold the equity you can use as alternative to fund your deal. For the best options available in this alternative, you can go for the credit. This way, you will only repay the money you used. This is great option because the set of fees is minimal. On the other hand, you will still be able to take large portion of cash out of your property.
  • There is another alternative to fund property business deal that people may not think of due to risky proposition. It is to use credit card. However, you need to keep in mind to only use this option if your card has new zero percent rates. You need to be more careful about the possibility of increasing rates.
  • Next alternative is to find private money by finding someone who is willing to invest in property. This is quite challenging but there’s still opportunity you should take. You can do various strategies such as posting on social media, or sending emails to acquaintance or friends. This leads you to have contacts that show interest. Then, you just need to specify the deals to your potential investor. If this works, it can lead to strong working network. This is one of the safest funding strategies for your property business deals.