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Investing in property has always been considered a safe and good long term investment. Investors consider investing in property as a safe bet. With a little planning and research, buying an apartment off the plan usually turns out to be a good investment. But there are some pros and cons that you should be aware of before investing in this venture.

Benefits

Initial price:
You get the benefit of buying the apartment right of the drawing board. You pay the current price and not the price it’s expected to escalate to after completion. It’s very rare that an apartment bought of the plan does not increase in value.

Low capital outlay:
You just need to pay a maximum 10% of the agreed price to secure the apartment. This gives you enough time to plan your finances and arrange future payments.

Stamp duty saving:
Some state governments of Australia offer reduction in stamp duties and bonuses for buying off the plan. You can easily save thousands of dollars.

Choice of apartment:
Property developers give you a choice when buying off the plan. This means you get to choose an apartment with a garden, or one with the best view. You can also choose the interior, color of walls; fittings, etc.

Builders guarantee:
Brand new property in Australia has a 7 year builder’s guarantee. So you don’t have to worry about any structural or interior fault that might occur, as this will be fixed at no cost to the owner.

Increase in value:
Apartments tend to go up in value once they are completed and people start moving in. If the apartment building is in a good location, and well constructed the price is bound to increase. That’s when you can decide whether you want to hold on to it or put it up for sale.

Risks

Drop in property market:
Investing in any form always has a risk associated with it. The fear of a sudden drop in prices is one of the biggest fears that haunt investors.

Rising interest rates:
Interest rates might rise when the property is completed as the time lag between buying and the apartment being ready can vary between 6 months and 2 years.

Bankruptcy:
The developer may declare bankruptcy anywhere during the construction phase of the project. You must ensure that your risk is covered in case this happens. Get a solicitor to review the agreement to ensure that you are protected.

Not up to the mark:
What you envision and what you get can differ. This can happen if you are not very good at visualizing what to expect by looking at drawings. Or the developer fails to meet the standards of construction that you were expecting.

Before you sign the agreement

These are some steps that you must take before signing on the dotted line and handing over the check.

· Check out the developer’s reputation; financial position, and history.

· Scrutinize the plans; model, interior finishing, fittings, and fixtures.

· Visit the proposed site area and see if there are any other buildings coming up in the area.

· Research the property market in the area. Get to know current and future property trends of the area.

Contributed by one of the leading property advisors in Australia. Money Choice can help you in buying and selling off the plan apartments in Australia. They offer a complete range of services including market research, access to financing, portfolio reviews and investment property management. Visit website or call on 1300 625 626 for more information.

Here at Sell or Yell we can help. We offer a fast cash buy service that allows you to sell your property quickly and in your own specific time scale. There are many reasons why you might need to sell your house quickly. You might need to release equity in your house to buy another property or pay off debts. Perhaps you are facing financial difficulties and need cash quickly to avoid house repossession and eviction. Whatever your circumstances we are dedicated to offering you a solution.

The current economic climate means that an increasing number of people are struggling to keep up with mortgage repayments and are facing property repossession. If this is you don’t panic, we are here to help. At Sell or Yell we specialize in quick cash property sales. We are committed to working within your personal time frame and providing you with a solution. If you are being threatened with eviction or repossession we will help you to find alternative accommodation giving you peace of mind that you will have somewhere to live at this difficult and frightening time. House repossession is something that is becoming a reality for more and more of us and our professional team at Sell or Yell are experienced in dealing with clients facing repossession and understand the urgency required.

At Sell or Yell our quick house sale service means you avoid all of the associated delays and volatility associated with the current housing market. House sales can be arranged in a matter of days and all of our services are tailored towards your own individual needs including our Sell with Rent Options scheme which involves finding you alternative accommodation after your house sale.

Bio: This guest blog post is written by Webmaster of selloryell.co.uk, offering buy my house and quick house sale services!

Landlords have more to worry about than homeowners. As well as the building, they need to protect their tenants as well as themselves. With these things in mind, looking for the right landlord insurance can be tricky at best. It needn’t be a hassle, though, so keep these tips in mind when you’re shopping around to find the best cover for you.

Covered inside and out

Stripping it down to basics, landlord home insurance is split into two types: buildings and contents. Buildings insurance is a given (and compulsory if you have a mortgage). If the building itself is damaged by fire, flood or similar events then you’ll need to be covered to repair and rebuild. Depending on the insurer, this might also cover you for earthquakes and subsidence. Be sure to check if you live in a high-risk flood area, as you may need a more specialised flood-based cover for your property.

Contents insurance will cover the contents that you own in the property, not your tenants. This includes white goods and furniture. If you are letting a furnished property, this is a good idea in case anything damages your items. Everything that your tenants move in with or buy themselves, they will have to get separate home contents insurance of their own. Typically, contents insurance protects you against fire, theft and water damage.

Get specialist

Do you need specialist landlord insurance?  Well, it’s not legally compulsory, but it’s a very good idea. The specifics vary between insurance companies, but buy to let insurance gives you some kind of public liability cover as part of the policy. So for example, if your tenant trips over your carpet and takes legal action, you won’t have to pay the expensive legal fees. You can also get covered for loss of rent, if for whatever reason the property becomes inhabitable or if your tenants are unable to pay. Your standard contents insurance cover may not cover accidental damage, so if you’re letting out a furnished property then it might be worth taking out additional accidental damage cover for your items.

Stay sharp

Be sure to check the ins and outs of the policy details to make sure that you know what is and isn’t covered. As a general rule, landlord insurance policies don’t cover any malicious damage or theft by your tenants. This is why it’s important to make sure that you’ve either got an appropriate tenancy deposit or are satisfied with their character.

Also, low-premium landlord insurance might come with a hefty excess attached. Check that you’re happy with the amount of excess against the premium and the benefits of the policy before you accept, otherwise any claim that you make could leave you in the lurch.

Make sure that you take a look around and find the best policies that are right for you – there’s nothing worse than paying through the nose for cover that you don’t need in the first place.

This article was written by Jamie Gibbs from Confused.com, the landlord insurance price comparison website.

As you decide to sell your home it is necessary that you will also have some knowledge on things that you need to consider in selling it so that you can be sure that you will not encounter any troubles with regards of the transaction with the potential buyers.

1. Ways of advertising. The very first thing you need to make sure in selling your home is the way that you are going to advertise it. You need to make sure that the way you promote your home will be very effective so that you can sell it fast. You can ask the help of a real estate agent in advertising or promoting your property. Another advertising strategy that you can do is by listing your property in local newspapers or by putting ad on the Internet.

2. Setting up a valuable price. It is really very necessary that you have the knowledge about the market value of your property so that you can set up a valuable price that isn’t bias to you and to your potential buyer. Set a price in which your buyer can still negotiate, give them a chance to at least bargain on the price that you have. Remember that, price is mostly the first thing that is asked by the buyers and if they find your price is too expensive compared to your competitors surely that they will not waste their time to look at your home. Be reasonable in giving price to your property, a price that is upon the real value of your home.

3. Consider having home inspection. It is an added value that you can have once you decide to sell your house. Remember that having a home inspection will give you ideas on the things that needs’ to be improved and repaired. Buyers are more willing to purchase a house that undergo a home inspection this is for the reason that they feel more secured. Having home inspection gives a chance to your buyer to realize that it is better to stay in your place because they don’t have to worry anymore on the problems that may arise once they choose your property.

4. Legal issues. It is best if you are going to fix and resolve all legal issues on your property before moving on selling it. That way you don’t have to think on the possible problems that you may encounter on the process of selling it. You can freely deal and have legal transaction with your buyer especially if you have settled all the legal issues on your property.

These considerations that you need to have whenever you plan to sell your house are very important to make sure that in the long run of transacting with your problem you will not have any problem. Consider these things even before you start dealing or advertising your property to make sure that you will have a smooth flow of transaction with your buyers.

Frank Rizal is from DMCI Homes Philippines Premiere Triple A Home Builder. DMCI offers house and lot for sale and apartment for rent in the Philippines.

Most consumers start their home buying process by visiting preexisting houses and evaluating their worth for a potential purchase. However, there is an alternative to this old fashioned way of thinking. What if the buyer could put his or her input into the actual construction of the home, right down to the electrical outlet placement? Enter the house and land package.

A house and land package allows the buyer to purchase the land that the new home will be built upon. Once the home is built, he or she owns both the land and physical structure. There are a number of different benefits that pertain to these packages. Let’s take a look.

Investment opportunity

Since the home has not been built yet, buyers can be vocal about additions and substitutions to the actual construction process. By customizing the home, buyers can begin to advertise the house’s features as a selling point. Large skylights in the living room? The buyer can make sure to have these installed for a potential customer. The fact that the home is brand new is another selling feature; buyers can stress this selling point for a fast sale, as well as the fact that no surprise repairs will be needed after the purchase since every part of the home is unused.

Saving Money Initially

Another benefit to house and land packages is the initial investment amount. Buyers do not purchase the combination of the home and land in the beginning; the house does not yet exist to be an asset for sale. As a result, the buyer simply puts down a deposit for the land only, not the house. This process can save the buyer thousands of dollars in the beginning.

Customizing Your Own Home

Many buyers are extremely picky about their home features; some prefer carpeting, while other prefer hardwood. However, purchasing the house and land package will allow buyers to customize their own home. In fact, they can choose almost any material option within the home since it has not built yet. As a result, the paint color, flooring choice, and even the amount of bedrooms can be personalized for the buyer. The resulting home will be the perfect dream house for the buyer.

In the end, a house and land package is a smart choice for savvy investors and particular homeowners. Buyers should research the seller, or developer, so that the real estate process is smooth; construction of the home should stay within budget, as well as on time. The benefits of these packages will make a happy home for the buyer.

If you’re int he market for beautiful house and land packages in award winning residential estates, see LWP property development Perth. LWP offer house and land packages in a number of popular locations across W.A, both north and south of the river. Visit a display village for yourself and you’ll be impressed.