Posted by Patrick Moreau on September 27, 2020 in Finance
UK property investment advices? Even if it is expensive and the yields are not high, real estate still offers a cash yield or a net rental income of a few percent; a high return compared to zero interest offered on other assets. But, in a way, it is also dangerous that property prices are supported by this monetary policy of the ECB. The reality is that some emerging markets are in trouble with declining growth rates, turmoil, lower commodity prices, and volatility in currencies. Rich investors from emerging markets are turning to Europe because they had to diversify due to such problems. For a continent that was a complete write-off a decade ago for investors, those same investors are now investing in Europe. Everything we have been predicting is the exact opposite. There are property markets performing well in general with lots of international capital flows. In essence, real estate is equivalent to a secured bond, especially if you buy in the prime property markets in Germany, for example. But anywhere in Europe, you still have the potential for a better economy and higher inflation positively influencing your investment. This is the main reason why real estate in continental Europe and recovering markets has performed so well.
When looking at homes, you should seriously consider ignoring paint and landscaping. These are two items that are easy to fix, and they should not impact your decision making when purchasing a house. If the home has a terrific location and the paint/landscaping is poor you shouldn’t rule it out, you have to be able to envision what the house will look like when you move in and make changes. A lot of time buyers will not be able to overlook paint or landscaping and this gives an opportunity for others who know how easy it is to fix. Location is something you can’t change, paint and landscaping is something you can.
Draining your savings. Spending all or most of their savings on the down payment and closing costs is one of the biggest first-time homebuyer mistakes, says Ed Conarchy, a mortgage planner and investment adviser at Cherry Creek Mortgage in Gurnee, Illinois. “Some people scrape all their money together to make the 20 percent down payment so they don’t have to pay for mortgage insurance, but they are picking the wrong poison because they are left with no savings at all,” Conarchy says. How this affects you: Homebuyers who put 20 percent or more down don’t have to pay for mortgage insurance when getting a conventional mortgage. That’s usually translated into substantial savings on the monthly mortgage payment. But it’s not worth the risk of living on the edge, Conarchy says. What to do instead: Aim to have three to six months of living expenses in an emergency fund. Paying mortgage insurance isn’t ideal, but depleting your emergency or retirement savings to make a large down payment is riskier. Read additional info at https://www.kingacademic.com/.
This is where the groundwork is laid for the search for your new home. There are several points you should cover in your initial consultation. For example: Define your needs; the number of bedrooms and bathrooms, size of the kitchen, where you want to live, your price range, timeline, etc. Determine when and how often you can look at prospective homes. Verify your contact information and how you want to be contacted (email, phone, etc.) Ask your agent about financing. They can explain the different types of available loan programs, and refer you to lenders that can answer specific questions. Review the paperwork. While not necessary at this point, reviewing paperwork will allow you the advantage to ask questions about documents before it’s time to sign them.
For our chinese readers:
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第2堂英國物業投資課程: 經濟篇-英國樓例子擇地區 英國物業投資那區最好? 英國經濟那區最好? 曼徹斯特生活及盛行的行業? 那一區最集中金融業? 那一區最集中創意媒體業? 最後查理仔帶仔看曼徹斯特買樓、計算Manchester 收租回報，查理仔帶你去英國看一看。
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堂英國物業投資課程: 擇代理篇-13題擇代理 UK 物業 Letting agent 的服務範圍? 有咩專業資格? 按金及收租有咩保障? 13條問題幫你選擇Agent，7大Agent招式討論，片中亦有實戰的部份教大家網上搜尋代理及評論。這個部份是英國物業投資課程的重點。