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Top Tips on How To Make Money in Real Estate

Whether you’re fascinated about real estate’s investment possibilities, or you’re tired of YouTube videos promising little-known ways to “benefit from your property.” It’s essential to learn how real estate generates money FOR REAL. Since we are only discussing “top tips,” the focus of this blog will be on property value appreciation and rental revenue.

Property Value Appreciation

The term “value appreciation” simply refers to a growth in the value of a property.

Inflation alone can cause real estate to grow in value. Property values rise over time, and property owners can gain from inflation. In general, when inflation increases, housing and other real estate asset prices rise with it.
Residential and commercial real estate can rise in value in various ways, including location, development, and renovations. Assume a prominent developer constructed malls and other business facilities in your neighborhood. As a result, you can expect your property’s value to rise. Consider how Tagaytay has grown and how the property’s value has increased over time. So, if you’re good at detecting sites that will be developed in the future, you’ll be ahead of the game. This has the potential to provide you with a huge profit. This trend can, of course, act in the opposite direction, with property values declining as a neighborhood deteriorates. Discovering a fault line near your home, for example, can substantially reduce the value of your home.
Home upgrades can also increase the value of your home if you own one. A property owner may try to raise the value of a home by adding an extra bathroom, garage, or updating a kitchen with state-of-the-art appliances.

There are a variety of ways that real estate appreciates in value but remember that the only way to realize it is to SELL it.

Income

One example is that if you own raw land, firms may pay you royalties, for example, for any mineral or oil finds. However, in the Philippines, raw land is typically used for agricultural production and harvesting.
If you prefer monthly cash flow, rents for residential and commercial buildings can also be used to generate revenue. Leveraging long-term buy-and-hold residential rentals for residential property is one of the most prevalent ways to make money in real estate. People will always need a place to live, therefore investing in rental houses is a good idea. To source your property, you must conduct thorough due diligence while keeping three criteria in mind: location, location, location.
This is also true of rental income from commercial properties. Many commercial renters will pay rent to use your property and do business there.

There are various ways to make money in real estate that has been proven to work. Although appreciation, inflation, and income are all essential considerations, there are a variety of alternative real estate investments to think about. It is up to you to understand your investments, risks, and if the entire process is worthwhile. Remember, always do your research!

If you are planning to start, I suggest getting access to the largest and fastest network of real estate operations and start looking for the best property deals!

Tips for first time home seller.

Published Date : November 5, 2021 Buying Tips Community Guide Financing Property Recommendations Real Estate 101 renting house

Selling a house can be surprisingly time-consuming. The selling idea gets followed by the confusion of where to start. The seller needs to know the various aspects associated with it. You are preparing yourself for the criticism about your place by strangers, inspecting every corner, and judging. For you, it’s more than just four walls and a roof, and letting that go can be challenging. But you have to keep that aside and focus on displaying your Property efficiently and getting the best possible deals. A collaboration with Housal will feature your interest in an Apartment for sale, making it sell in no time.

Here is how you can grab attention by making your house stand out.

Set aside emotions
Ever since the first thought of selling a home hit, it’s causing an uneasy feeling. Dealing with a property is a professional’s job, so you better keep yourself that way. Emotions must have to be off the table. Think of yourself as a businessman and focus on how you can make it the best deal of your life.

Make changes and repairs
Hiding the damages is not a good idea. The buyer will go through every corner observing small details. It will be best if you make repairs to fix those damages. You can also add to the value of your Property by making few changes. Adding on decorative items can elevate the look of the house, making it more likable.

Staging and display
Making repairs isn’t enough. To make your house stand out, you have to display it skillfully. Painting the walls new can enhance the ambiance and make your home look younger. Make sure there should be proper lighting so that buyers can have a clear view.
The exterior is as vital as the interior. The look from the outside will decide the urge of the buyer to go in. The outside must look clean as well. If you have any garden area, ensure trimming of grass and a lovely display of flowers. Looks matter.

Scrutinize Property from the buyer’s view
Try to put yourself in their shoes and think of yourself a the buyer. Step out of the house and have a good look. Asking yourself do you like what you see? And what do you desire in a place? Try improving the look based on that. Spending money on visual features can increase the price at a double rate.

Connect with professionals
List out your Property on major real-estate portals like Housal. Online websites have tremendous reach. Get your ad online for an Apartment for sale. It will attract genuine buyers and good deals.

Do not depend on luck to get your Property sold. Plan comprehensively. The house may stay a little longer in the market. Keep your patience. Sometimes good things take time. You can always boost up your featured ad on Housal to remain on the top.

15 Real estate vocabulary you must know.

Published Date : Buying Tips Community Guide Financing Property Recommendations Real Estate 101

Are you new to the Real estate industry and often get caught up between the professional’s terminology? Don’t worry; we have simplified these terms for you. Here is a collection of 15 Real estate terms that you may encounter while dealing in the Business. If you seek an apartment for sale or any property listings, these words may come in handy.

1. Mortgage
The amount is taken as a loan to buy a house or a flat. The person’s property is the security to get the money.

2. Bridging Loan
It is a short-term loan taken to bridge the gap between selling your current house and buying a new one. As soon as the old property gets, a sold person can pay off the loan.

3. Deeds
The official paperwork certifies the ownership of the real estate.

4. Deposit
It is the lump sum amount that the buyer pays towards the cost of the property. The deposit ensures that the seller gets protection in case the buyer walks away from the deal.

5. Equity
Equity is the amount that the homeowner owns. It is the difference between the mortgage he owes and the value of the property.

6. First-time buyer
They are people who buy their house or apartment for the first time and therefore have no mortgage.

7. Collateral
It is the security against the loan. In the case of the mortgage, collateral is a house or flat.

8. Cash reserves
For closing a deal, the buyer needs to provide a down payment and the closing cost. After the expense of the two, the specific amount left is called the cash reserves.

9. Closing
Closing refers to the meeting where the deal is made final by the completion of the paperwork. The buyer and seller sign the paper, making the down payment and the closing cost.

10. Closing cost
The additional charges paid by the buyer cover various aspects like title insurance, taxes, and other related fees.

11. Contingencies
The term refers to the real estate purchase agreement clause specifying a requirement to bind the contract legally.

12. Escrow
It is an account that the lender sets up to receive monthly payments from the buyer.

13. Shared ownership
Shared ownership allows first-time buyers to purchase a share in the property. The buyer pays rent for the remaining share or can buy more later.

14. Pre-approval
Before purchasing a house, the buyer can get a pre-approval from the bank, estimating the bank’s lending amount. It determines how much the buyer can afford.

15. Listing
Listing is a property that falls under the category of ‘For Sale.’

Connect with Housal to get great deals on Condo for Sale, Apartment for sale, and other property listings. Make an intelligent choice.

Buying a Diamond in the Rough

Published Date : April 20, 2020 Buying Tips Property Recommendations Real Estate 101

It may be your budget, or the thrill of doing it all yourself, but you are in the market for a diamond in the rough. But just how rough can a house be before a lender decides not to take the risk on a mortgage?

When you negotiate the contract, make sure that you include a provision for a home inspection for structural integrity, defects and potential problems. This isn’t part of the appraisal; it is a separate detail. A home inspection ascertains the health of the house you are buying. Whether it be a bad roof, leaky plumbing or termite damage, a professional inspector will find all the major problems. As part of your report, you will receive a list of what needs to be repaired or replaced, the time frame and the potential costs. If you are buying a fixer-upper, you may find that your lender will require an inspection. Some will and some won’t. But you should insist on one to protect your best interests.

What if you luck out and there are no major problems, just minor ones? Maybe the carpet is worn and needs replacing. Perhaps the deck needs a little work. New paint and fresh air could be all it needs.

Minor, cosmetic concerns are usually not strong enough to scare away lenders, but could lead to negotiations between the buyers and sellers. Unless you’ve done this before, you may find a good agent is invaluable to negotiate for you.

If you want certain things repaired by the seller, such as the mailbox fixed and the deck painted, make sure it is in the contract. If it is, the seller must perform. You may be able to have the appraisal include the repairs spelled out in the contract. This can help you when getting a mortgage, as lenders will only lend on the lesser of the appraisal or purchase price. Just make sure that it is all in the contract.

Occasionally, your seller may ask to perform the repairs after closing. Many buyers simply ask for a seller’s concession. Instead of installing a $5,000 carpet before closing, the seller agrees to reduce the purchase amount by the $5,000 it will cost the buyer to put in new carpeting.

But if you don’t have that $5,000 in hand to buy the carpet, don’t expect your lender to give it to you. Even if your contract states that the seller will give you back $5,000 after closing, don’t expect it to happen. Cash allowances written into contracts can’t happen. The lender will not allow the seller to hand over cash at closing. Your real estate agent should steer you away from this and help construct a sales contract that will please both the buyer and the seller. But don’t expect to come home with $5,000. It just won’t happen.

Buying a fixer-upper can be rewarding. You get to choose how you want to improve the home. But it is a lot of work and definitely not for every buyer or lender. Your best bet is to be completely upfront with your lender about your intentions. This will help the transaction to go smoothly.

Browse unlimited listings at Housal and choose your diamond.

Condo for Sale in Quezon City – Some Buying Tips Everyone should know

Published Date : June 22, 2018 Buying Tips Community Guide Financing Property Recommendations Real Estate 101

Buying a condo for sale in Quezon City can be a good move if you want to live or work there, or if you are simply looking for a property to purchase as an investment. With many projects in this bustling city—offering units at different price points—how do you know which one to choose?

Here are some tips to consider before investing in a QC condo:

Know your purpose

Are you buying a condo for your own use in Quezon city? Do you want to rent it out to students? How about leasing it to office people who work in the QC business district? You should establish your main purpose as to why you are getting a condo for sale in Quezon City. Once you know how you want to use the condo unit, it will be easier for you to narrow down your choices.

Where in Quezon City should you buy?

If your target tenants are employees, it is recommended that buy a condo near the New Quezon City Central Business District, which is in the proximity to the Trinoma-SM North area, Eton Centris, the Ninoy Aquino Memorial Park, the Quezon City Memorial Circle, and other plazas and parks. If your business plan is to rent your unit out to students, then it makes sense to get units near heavily populated universities in the area such as the University of the Philippines, the Ateneo de Manila, etc.

Understand your rights

Before getting a condo for sale in Quezon City, you must first understand your rights and obligations as a condo unit owner. Is your condo a leasehold property or a freehold property? You are also entitled to all privileges and limited to the restrictions stated in the house rules, so be sure to read them.

Doing your research before buying a condo for sale in Quezon City is essential, but it also advisable to consult with a real estate specialist.

About the Author:

This article is written by Aakanksha Sangtani, working as an International Business Analyst at Housal Inc., is an online platform for real estate, addresses the unfulfilled needs by harnessing technology and bringing all-related solutions under one roof. For buyers, tenants, sellers, brokers, agencies or developers, it encompasses all their answers from property matching, listings, management, analytics and much more. Housal Inc. is the evolution of the real estate process – empowering the real estate industry for the future.

Make Smart Investments by Investing in Real Estate in Cebu, Philippines

Published Date : June 21, 2018 Buying Tips Financing Property Recommendations Real Estate 101

If you are seeking to expand your property portfolio, it may be a time to buy real estate in Cebu Philippines. The thriving city of Cebu has a boosting economy that offers many opportunities for the investors. Some of the most successful entrepreneurs and companies are diversifying their assets and starting to invest in Cebu—and this time you too can.

Land stock

According to Colliers, Metro Cebu’s stock has increased to 1 million square meters of leasable space. This rating is more than the current supply available in Cebu, which is 465,000 square meters. There is a need for investors to provide quality real estate in Cebu Philippines for businesses and companies.

Demand for plants and factories outside Manila

More companies are looking to build their plants, manufacturing sites, and factories outside Manila. The cost per unit area is more affordable in Cebu, making it a good option. The city’s traffic situation isn’t as bad as that of Manila, either. You can purchase your own real estate in Cebu Philippines for your own company, or you can provide leasable properties to numerous companies seeking a more cost-effective way to manage their finances and expand their market.

Increased infrastructure

Cebu has continued to build its local economy, creating the infrastructure that is necessary to make it easier for businesses and residents to travel to and from Cebu. One of the projects that will soon start is the Metro Cebu expressway. It consists of three segments. There will be roads that connect Talisay to Cebu and Mandaue City. The next road is the Consolation connection to Lilioan then to Compostela and Danao City. The last one is an expressway from Naga City to Minglanilla.

Another project in the pipeline is the Bus Rapid Transit System, which will provide a more convenient and faster way for residents to commute and travel. It is a 23-kilometer project that will pass through Barangay Bulacao to Talamban village. It is expected to make public transportation to the central business districts more efficient and effective.

Start early and anticipate the progress of the economy by getting a piece of real estate in Cebu, Philippines. Choose properties that will greatly increase in value over the next years.

About the Author:

Important Tips for Buying House and Lot for Sale in Cebu, Philippines

Published Date : June 20, 2018 Buying Tips Community Guide Design Financing Industry News Property Recommendations Real Estate 101

Cebu is the second largest city in the Philippines, with a growing economy that is buoyed by infrastructure construction, exports of furniture, toys, accessories and housewares, accessibility through land, air, and sea transportation, and a good record for peace and order. If you are looking for a place to live in, you can consider purchasing a house and lot for sale in Cebu, Philippines.

Here are some tips to consider before you buy a property in Cebu:

If you want to buy a house and lot for sale in Cebu Philippines to be closer to work, you have numerous options to choose from depending on where your office is. Some of the well-known industrial parks in Cebu include West Cebu Industrial Park, Mactan Economic Zone, Asia Town IT Park, and Cebu Light, Industrial Park. Consider transportation costs, access to roads, and nearness to malls, markets, and hospitals to get the best value for your money.
Buying during the pre-selling stage? To enjoy a smoother overall transaction—from choosing a floor plan to the turnover—it is best to deal only with developers that have been proven reputable. Check their previous projects and check the overall quality. You can also evaluate whether they finish the houses on time.
Sort out your funds before you start looking. Finding a suitable place to live in can be very difficult. When you see a property for sale, you must be able to reserve it as soon as possible. Prequalifying for financing will allow you to do this. It can make transactions relatively faster and will make sellers consider you as a serious buyer.
Documents involved when buying a house and lot for sale in Cebu, Philippines include an Offer to Purchase, Reservation Agreement, Contract to Sell, Letter of Guarantee, Deed of Absolute Sale, and the Transfer Certificate of Title or TCT. The TCT is the proof that you possess the property. It indicates all the details of the property and your name as the owner. Ensure the authenticity of the TCT by having it checked with proper government authorities like the Registry of Deeds and Land Registration Authority.

Buying a property can be a tedious process and might require the right platform for you to connect to different real estate specialists. We recommend you to consult a technology-driven real estate firm that have an impeccable network. This will not only make it easier for you to buy real estate, but also ensure that you make a sound investment.

About the Author: