A category about Real Estate
I read some articles about how to increase the value of your property before a potential sale and these are the things most mentioned:
There are a few things that have a big effect on the value of your property and you can make sure to have them working in your favour. Or most of them.
The single biggest factor is your location. Since we can’t change the location after we have bought the place, it is what it is. What we can do is enhance the good things about your location. This is just something I like doing, not something found in articles. I usually put some chairs out on my favourite spot in the garden to invite people to that area, giving them a nice place to sit and think about the property they are interested in. I can’t prove it works, but I have a feeling it might help.
Now, to the things that we can affect. Here are three points on how to increase the value of your property:
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I looked through some photos my friend took the other day as we were out on a walk. The call was from one of my investors back home and we discussed some upcoming projects. Felt great to make sure we were still making progress in Sweden without having to be there. I tend to take so much for granted, but sometimes, like now, it just hits me how grateful I am for innovations. I have always wanted a “multinational” life and that would have been so hard to accomplish without stuff like Skype, internet banking, e-mails etc. Now, thanks to technology, I can run my Swedish business while in the USA and my American business while in Sweden without any interruptions. It’s great! Multinationall business is great!
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Order the material and machines you need with delivery and installation for lower costs.
I’m almost done with restoring the final two houses that we bought here in central Florida and as I have been dealing with American contractors and companies I have learned that delivery is often cheaper than going to the store and buying that same product. The hard part is the planning.
If you are ordering stuff and have them delivered you need to be a few steps ahead. You need to know what products you want and you need to know how much in advance you have to order them. When done right, you end up having it all at your doorstep just when you need.
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Not developed by me, sadly, but still to my advantage. The whole area is under construction and I love walking around looking at their progress. The road is Old Dixie HWY and the area is called Sun West. The development plan is to build some 2 500 houses, restaurants and a golf course, meaning it’s a major project!
How is this to my advantage?
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Everybody keeps talking about how important it is with location and you know what? They are right.
But! It’s not everything. The best business is found where location meets good value. They say that we should buy places on a good location because it’s safer. It’s safer because you can only fit so many houses along the beach or downtown. And they are right. In that sense it is safer. But there is another side to it.
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I thought about the real estate market yesterday as an investor friend wanted to show me his boat.
We drove out to a place he has on the gulf here in central Florida. As we got there he told about the house with it’s dock and deep sea access. According to him, he overpaid for it back in 2007 and it wasn’t until now he started seeing a chance of making some money on it.
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This is a very tough question, so I would probably be better off staying away from the subject. But, city planning..
City planning, or Zoning is when the local politicians decide how they want an area to look. They decide if they want residential or commercial buildings. How high the houses should be and sometimes even what colors your place should be painted in.
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Land use is a big thing. Be creative and make millions!
This guy here in central Florida made a really inspiring deal. A big piece of land was up for sale on a really good location. It was about an acre big on a well thought after address. All the land around it had been developed with upper class neighbourhoods and the margins for building something new here would be great!
But there was a problem. The land had been used as a dump. Back in the day they called it landfill. What it means is that they just dug out a big hole and filled it with garbage. As a result, there were major settlement issues and heavy regulations against it so now people will probably ever live on this piece of land.
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The weather yesterday was everything but inspiring, so good thing there is inspiration available elsewhere :) I spent all day to study real estate on my computer. I'm not a…
This is our new driveway to the two houses we are working on. Three of the five houses here in Florida are now rented. The final two are undergoing some…
