Category Archives: Real Estate and Property

How to Avoid Home Improvement Fraud

When it comes to home construction, there are thousands of general contractors to choose from. The best way to narrow down the reputable contractors from the not-so-reputable ones is to do your research, ask the right questions, demand proof of credentials, and choose a contractor that works specifically in the field you need. For example, if you need roof replacement, choose a licensed roofing contractor rather than a home remodeling contractor. A vague job description can mean they specialize in a wide array of construction projects. Instead, you want a contractor who operates their business with an acute focus on roof repair and replacement.

One of the biggest problems in the home construction industry are contractor scams. It is critical to always beware of sneaky home improvement scams because they are very common. They can easily cost a homeowner thousands of dollars if they fall victim to the dishonesties. Fortunately, anyone can avoid becoming a victim of home improvement scams with the proper knowledge and attitude. Continue reading to learn some important information about identifying these kinds of scams, protecting yourself from false loans, and who to turn to if you have a bad experience with an unethical contractor.

Signs That a Contractor is Trying to Swindle You:

– They knock door-to-door and offer their business.

– They come to your door and offer you discounts for referring other clients.

– They tell you they can give you a deal because they happen to have excess materials leftover from another job.

– They give ultimatums or pressure you into making an immediate decision.

– They only accept cash payments and/or request that you pay all fees upfront.

– They know a lender and recommend that you borrow money from them.

– They tell you to get the required building permits for the work.

– They tell you that your property’s work is going to be a “demonstration.”

– They offer a lifetime warranty or improbable long-term guarantee.

– You cannot find their business number or name listed in any local directories.

Even just one of these signs is an indication that you are not working with a responsible or experienced contractor. Furthermore, you must beware of a similar scam with loans. Home improvement loan cons are just as common and detrimental. This can lead to you unknowingly signing a home equity loan with incredibly high interest rates, points, and fees. And since the contractor has already been paid by this loan, they can lose interest in the work and fail to do a good job; or worse, not complete the work at all.

How to Report a Bad Experience

If you have a bad experience like this with a contractor, first try to work it out with them. After any phone conversations, mail a certified letter to them, and in it, request a receipt. Then keep copies of all records. This paper trail is your record that the company or contractor received your letter. If this does not work, you still have other options.

You can to report them to certain industry organizations, and possibly earn some sort of recompense. This includes the state attorney general, the local consumer protection office, the local home builders association, the local media’s “call for action” lines, and various dispute resolution programs in your town.



Source by Sarahbeth Kluzinski

Home Improvement Loan or Personal Loan

Personal Loan or Home Improvement Loan? That is the question.

We love decorating our houses.

And there are phases in our lives when maybe we’ve spent too much time watching Food Food or TLC and thus have built castles in the air of visions of turning our kitchen into a chef’s paradise. Or perhaps our master bath is just one shower away from a disaster. For we really do love Italian tiles on our bathrooms.

And if so, then cheers, you’re not alone. Recently, the Joint Center of Housing Studies for Harvard University has investigated and reported that the home improvement industry should continue post record-level spending in 2016. For many people, this means borrowing money to pay for the well planned home improvements and home decorating schemes.

Now, one is ought to face a tough and difficult and perhaps hypothetical question.

So, which home improvement loan is right for you?

Many homeowners and homemakers look to tap the equity in their homes. But home equity loans or home equity lines of credit may not be possible or very practical for some borrowers. In that case, one should consider using a personal loan.

While it is known that one can use a personal loan for a variety of reasons, there are a few reasons why a personal loan can have advantages over home equity loans when it comes to a renovation loan, to be specific.

The application process for a personal loan is usually quite simple and quite straightforward. Your own financial situation-for example, your credit history and earning power; this is often the main deciding factor for whether or not you will be able to get a loan, for how much, and if so, at what interest rate. Some personal loans even boast of having no origination fees.

However, home equity loans or home improvement loans on the other hand, are akin to applying for a mortgage (in fact, home equity loans are sometimes called second mortgages). How much you can borrow depends on several factors, including the value of your home. Because you can only borrow against the equity you already have (i.e. the difference between your home’s value and your mortgage), you may have to arrange – and pay for – a home appraisal.

Let’s now see this case in the case of a home improvement loan. With a home equity loan or a home improvement loan, you can only borrow against the equity you have – which, as a new homeowner, is probably not much. You maybe have not had enough time to chip away at your mortgage and the market has not yet elevated your home’s price. A personal loan lets you start home improvements regardless of how much equity you have. So, that is one benefit of availing a Home Improvement Loan.

With a home equity loan, you use your home as collateral, which means an inability to repay could result in your home going into foreclosure. While failing to pay your personal loan carries its own risks (like ruining your credit and credit score), it is not tied directly to the roof over your head,like a gun on your head. Therefore, it is better and safer to avail of a personal loan.

So, if we were to decide, which one is better and safer and more suitable?

Personal loans may not be right for every borrower looking for a home improvement loan. For example, if you have significant equity in your home and are looking to borrow a large amount, you might be able to save money with lower interest rates on a home equity loan. Also, interest payments on home equity loans and lines of credit can be tax deductible under certain circumstances; but that is clearly not the case with personal loans.

On the other hand, personal loans can make sense for these types of customers:-

• Recent home purchasers.

• Smaller home improvement loans (e.g., bathroom or kitchen as opposed to full remodel)

• Borrowers in lower home value markets (if your home value has barely budged since you moved in, you may not have much equity to draw on for a home equity loan).

• For those who value ease and speed.

• Borrowers with great credit and cash flow.

While home equity loans and lines of credit are a good source of home improvement money if you have already built up equity in your home, a personal loan may be a better alternative if you are, say, a new homeowner and need to take care of a few updates to make your new home, just right and perfect.

Concluding, we conclude that a personal loan is a better option than a home improvement loan,anytime.



Source by Vishal Verma

Top 8 Home Improvement Tips

When it comes to home improvement, you have a lot of things to do, such as upgrading fixtures, adding on your existing square footage and so and so forth. No matter what improvements you have on your mind, you can use the following tips throughout the process.

1) Look at the Condition of Your Home

First of all, you need to have a good idea of the existing condition of your home. This will help you come up with some bright ideas that you can implement. You can make a wish list by walking through your home.

2) Get inspiration

For inspiration, you can check out local magazines, color swatches and your local paint stores. Don’t just think that it is a waste of time. As a matter of fact, spending a good deal of time for planning is a great idea.

3) Set your budget

Don’t worry if you are on a budget. You can spend a few months in order to plan your budget and then set a budget. As a matter of fact, planning your budget ahead of time can save you a good deal of money.

4) Ask for help

You can make your home improvement project inexpensive and easier by asking your friends and family members for help. So, you should not waste your time and ask for help instead. You have no idea how helpful they can be for your project.

5) Seek out permits

If your project requires plumbing, electricity and structural that may include permits, you should get them ready beforehand. You can hire a general contractor if you have no idea what permits you need to get.

6) Be flexible

For instance, if you want to get your project completed in 2 months, you may want to be flexible and extend the deadline to a few more days. The same applies to the resources and budget as well. This will save you a lot of headache later on.

7) Talk to Your partner

In the start, you should talk to your partner about the project. Make sure he or she knows the roles they have to perform. Next, you should allow them to do what they want to do. You don’t have to assign duties. The fact of the matter is that this will take the pressure off of both of you.

8) Use safety precautions

Like any project, you have to use some safety precautions in order to make sure you and your home don’t get hurt or damaged. All you have to do is follow the instructional manuals on each tool you use throughout the project. Aside from this, you may want to use tutorials and advice from the rental store for help prior to starting the project.

So, we suggest that you follow these tips while planning your project and working on it. As a matter of fact, if you get inspiration and tips beforehand, working on the home improvement project will be a lot easier for you. All you have to do is bear patience and keep moving.



Source by Shalini Madhav

Granite Countertops Suitable For Any Home

Granite countertops are in high demand.

The natural beauty and warmth of granite makes it a suitable material for nearly any kind of home design in kitchen and bath counter tops. They are commonplace in kitchen and bath home renovations today: Granite is the #1 choice for most homeowners remodeling their kitchen or bath.

With proper care, they can last a lifetime. They are renown for their durability and strength. Granite is one of the hardest natural stones, and is found in mines around the world.

They are the ideal choice for most new homes and kitchen renovations because they retain their value over time. Although it is popular now, granite has been used for thousands of years. It was used in the building of temples and other public buildings in ancient societies. Polished granite wasn’t used until 1831.

These Countertops Offer Many Advantages

Granite is also very versatile, especially for chefs and cooks.  It can withstand hot pots and is a great surface for rolling dough. It complements kitchens design wise as well, with many varieties and colors that compliment any room. With many colors and varieties, it can fit into nearly any decor.

Although they are very durable, they still require special care. You must properly clean granite countertops and use sealers to prevent staining. The countertops are hard, but they can still be easily chipped.

Installing Granite

Granite counters cost more than traditional countertop materials, but the bulk of the cost comes from quarrying, cutting, transporting, polishing and installation. Generally, professionals are needed to install them due to their size and the need to have precision fit on the counters.

Overall, these countertops are expected to last a lifetime and are expected to be a favorite for homeowners for many years to come.



Source by Tenisha White Mercer

Top 7 Home Improvement Tips You Should Know

Do you have a condo or an apartment? If you have one, you need some home improvement tips. These tips will help you maintain your home or apartment saving you some real cash in the long run. Aside from this, it will also increase the value of your home. Read on some of our tips for improving your home.

Tackle the Important Projects

Some home repair projects are urgent. If you do them in time, you can prevent a lot of damage. But if you ignore these projects, you may end up paying a huge sum to fix the damages later on. Therefore, don’t wait for the winter to approach and get these projects done as soon as possible.

Consider Professionals

Even if you love doing DIY projects, not all home repair projects should be done by you. Some repair jobs are better left to professionals. You have to be in your limits. If you are a beginner, you should start small. If a project needs the expertise of a professional, hire a professional.

Hone Your Skills

Whether you are going to work on a small or big project, you can learn some good home repair skills. You can make use of some good resources and start off from some projects. With the passage of time, you will be able to handle bigger tasks as well.

Find Inspiration

If you want inspiration for your home repair tasks, you can head to Pinterest. Over there you can find a lot of profiles showcasing project photos along with cost estimates. This will give you a pretty good idea of how you should go about handling these chores.

Get the Tools

You can’t do all your home improvement tasks with your hands. You need to have some essential tools at your disposal. They will help you with both minor and major tasks. For instance, for plumbing jobs, you need some essential plumbing tools in your tool box. So, you should invest in some common repair tools.

Choose the Right Contractor

Finding a good contractor is as important as finding a good doctor. In other words, you may want to hire only a reliable contractor or handyman. Hiring an inexperienced professional can cost you thousands of dollars in repairs.

Save Money

If you save money on one project, you can spend it on another. What you need to know is to decide on the project that you can save some cash on. For instance, you can spend a bit more on items that can’t be replaced so easily, such as your bathtub. On the other hand, you can spend a bit less on the faucet. Another good idea is to head for a reuse center to save some cash on appliances and other stuff.

So, if you follow these simple home repair tips, you can get the projects done more easily while saving some cash. Remember: never try to do a project that you know will cost you thousands of dollars if done the wrong way. In this case, you had better look for a good professional.



Source by Joseph Celeste

The Ease of Finding Exclusive Long-Term Rental Properties in Marbella

Marbella is a city on the east coast of Spain. This City is blessed with beautiful beaches, which are supported by various luxurious facilities. The beaches will spoil tourists from all over the world. Besides having a beautiful beach, Mirabella also has various relics of old buildings that are magnificent like other cities in other tourist attractions in Spain. You can enjoy beautiful parks, resorts that line the coastline, and popular fashion shops in the world. Being able to enjoy the beauty of Marbella is the dream of many people, let alone staying for a few months here with Renting long term in Marbella.

The tourism industry also stimulates the property business; this has become an economic law now. The two industrial businesses are interdependent; the tourism industry is motivated to increase the demand for luxury accommodations around tourist sites. This condition also occurs in Marbella, Spain. In conjunction, the tourism business has boosted the need for villas or apartments. As we have seen from various sources, Marbella has an extraordinary tourist spot that is able to attract millions of foreign tourists to spend their holidays here; tourist spots such as the Old Town of Mirabella, Alameda Park, Playa de la Fontainilla, Playa de la Bajadilla, Puerto Banus, Plaza de Altamirano, Iglesia de Nuestra Senora de la Encarnacion, Museum of Spanish Contemporary Engraving, Rali Museum, Alcazaba, Mezquita del Rey Abdul Aziz al Saud, and many others. All attractions have their own uniqueness; they are able to reach all the needs of tourists for various things such as relaxing on the beach, studying history in museums, culinary tours, shopping, etc.

There are so many tourists in Marbella; they need the right guide to rent a villa or apartment in the location closest to the desired object. Now, to find a residence in Marbella during the holidays is not difficult because there are many agencies that will help all tourists get what they want. Tourists only need to follow the agency links, and enter some data in the Property Finding Service such as name, email, telephone number, budget, location as desired, number of bedrooms, etc. Do you have to pay to get that information? Usually, this service can be obtained free of charge, so you can use this service as reference material before determining the best one.

It’s easy to find vacation rental properties in Marbella, Spain, right? Because of this convenience there are many tourists convinced Renting long term in Marbella for luxury apartments, townhouses and villas. The property finding service is perfect for first-time travelers to Marbella; this service will save foreign tourists without having to surf the internet for longer so that it is more effective. Well, if you plan to spend your vacation to Marbella, then don’t hesitate to do it. Here is a paradise of the best tourist spots and special long-term Renting properties, you can get information about the property for free and complete, starting from the monthly rental price, built size, bedroom, bathroom, terrace size, etc.

Investing in Rental Real Estate and Properties For New Players

Investing in Rental Property for beginners may be a bit difficult and requires a thorough review of the pros and cons of business. However, once you get into it, you will find that this business is very profitable and enjoyable.

For starters, the things that you will need to have are the purchase agreement, tax services, Real Estate Agents and Attorneys. The first step in this exciting enterprise is to look for a rental property that suites your taste, be it a vacation home or a residential unit.

The second is to scout for an obtainable property within the particular area where you want. In this way, your search is narrowed and becomes easier for you to carefully select.

The third is to carefully weigh the prices of your selected properties. Do this by obtaining the prices of each of the properties and make a comparative analysis.

The fourth step is to project the expected income that you can get from the rental property of your choice based on the prevailing rental prices within the area. You can obtain this information through the classified ads on the local newspapers or on the telephone directories.

The fifth is to find out the possible movement of cash by estimating the taxes, mortgages, insurance, repairs and other relevant expenses from the expected income from the rentals.

The sixth step is to seek professional advice from qualified and licensed tax consultants regarding the taxes that you will pay on rental properties.

The next step is to determine the rentals that you can possibly charge from your property and then decide who will rightfully manage your rental property.


Cheapest Real Estate Investment – How to Find a Great Deals

Can we save tens of thousands of dollars on one property? Of course we can. You need to know that buying property for investment with limited capital is easy, provided you know the steps to be taken and how to overcome them. Something you must understand is that real estate transactions and promotions are not always advertised. Not all real estate and property sellers use advertising to maximize sales. They do this may have several reasons one of which is saving costs. Advertising costs for a property are included in the calculation in determining the selling price of real estate and property so the prices can be more expensive. If you are the cheapest real estate searcher it might be advisable to buy properties from the owner.

Finding the cheapest real estate is not easy, because most investors are tempted by the price regardless of the physical condition and location. There are several things that must be understood to find the best and cheapest properties; you must follow a few steps and simple tips below:

The first thing to find the cheapest property is that you must know how to find real estate deals around you. The deals can come from brokers or real estate agents. Before working with an agent, make sure you have enough funds. When agents offer the cheapest amounts of real estate, you don’t have to jump over them for financial reasons. Adequate funds will make you more confident choosing a few and comparing them with properties from other sources such as property listings on the property company website.

The next step, if you find the cheapest real estate deals, then doesn’t expect to get lower prices. Remember there are still many investors who are waiting for your resignation from competition in getting the cheapest real estate. Consider how profitable the cheap real estate you are facing right now? If they are able to provide long-term benefits, then don’t wait for prices to fall to $10,000.

How to find cheap real estate? There are several ways that can be done at this time; they are searching online and newspapers.

Online media is the fastest and most effective way to find real estate deals today. Even if you work with a realtor, don’t think that the realtor’s website is the only place to find property. You must find other sources for comparison. The best source of real estate deals today is via https://www.propertyunder20k.com/.

Apart from online sources, the cheapest real estate deals are from print media such as newspapers and magazines. Investors should look for the cheapest real estate from the newspaper before accessing several property company websites. The price offered is usually much cheaper because most advertisers are homeowners, not brokers.

Finally, I want you to realize that no matter where you are in the world; there are many cheapest real estates on every street corner waiting for you to find it. Make sure you use some of the tips above to find the cheapest real estate easily and profitably.