3D Images – How They Can Help Sell Your Home

The Idea Behind Using 3D Images

3D images are used in a variety of industries but they are especially common in the entertainment industry. This is because 3D images add another level of realism to the experience and make the viewer feel like they are present in the scene.

3D images captured in 3D photography are not only conducive to the needs of the client, but also have a greater effect on the prospective buyer.

It can be viewed so that buyers can get a sense of feel at home.

How You Can Make Your Home Look More Appealing to Buyers

The real estate industry has been using 3D rendering to create photorealistic images of homes for a long time now. The sales of virtual staging software and services is on the rise as it saves the seller from costly home makeovers and repairs.

Virtual staging refers to presenting a property virtually, through either a 3D model or photo-realistic renders. It’s an affordable and timely alternative to physically staging your home for sale, which can involve expensive makeover jobs and extensive repairs. It doesn’t matter if you are selling a flat, house or apartment block, a 3D image can perfectly present what it can look like in the future.

Why You Should Consider Investing in Professional 3D Visuals

Professional 3D visuals for your real estate agency can make a world of difference in your online presence. It will make the process of staging and marketing the property much easier, attracting more potential buyers.

3D visuals can help you to showcase a property in a way that 2D photography cannot. They allow viewers to better see the scale and scope of a space, as well as any features that might be difficult to identify from afar. The immersive nature of 3D visualizations makes them perfect for showings and tours, letting viewers explore even the smallest details of a space with ease.

What are the 3 Major Benefits of Using 3D Imaging in Real Estate Marketing?

In this article, we will find out what are the 4 major benefits of using 3D imaging in real estate marketing.

1. It’s a low-cost solution. 3D technology is well established in the industry. It is a well-understood technology which costs less than other technologies.

2. It can offer a window into space. 3D models allow for a more immersive experience with a sense of depth and scale, giving viewers an idea for what to expect before they visit the property in person.

3. It can generate higher engagement rates. By making properties feel more real, 3D images can elicit stronger emotional reactions from viewers. It entice them to take action such as scheduling an appointment or visiting an open house.

Conclusion: how 3d images can help sell your real estate

There are three ways in which 3D images can help sell your house faster.

The first way is that 3D images are much more realistic than the 2D images present in websites. The second way is that they give prospective buyers a better idea of what their house will look like in your neighbourhood. The last way is that it helps prospective buyers to see the different options available, which increases the probability of them making a purchase decision because they can get an idea about what other homes in your area look like.

Image by 3dimages.eu

Healthy Building – A Post-Pandemic Office Reality

According to research conducted at the Census Bureau, 44.1% of employees earning between $75,000-$99,999 annually switched to telework because of the coronavirus pandemic, while 67.5% of the people earning between $150,000-$199,000/year did the same thing. For those earning anywhere between $50,000-$74,999/year, the percentage of telework employees increased by 32.1%. As you can see, more than a third of the United States population switched to online working this year. Telework has become the new routine, so how will going back to the office look like?

For most employees, going back to the office comes with many changes. Since this pandemic changed many variables, the office buildings will keep up with the “trend” and change accordingly. Convincing people to return to the office can only be done by challenging office buildings – the new offices must be redesigned to bring a level of comfort to each and every one of a company’s employees. That being said, let’s check how the post-pandemic office reality looks like.

Short-term changes

Many changes will take place throughout the next months. However, these are some of the short-term things that companies could think of for now.

Meeting spaces

How will employees gather together in one room and discuss important work-related issues? Will they agree? According to office building-developer Ben Tranel, companies will rethink meeting spaces. Employees won’t feel comfortable meeting in small rooms anymore, so wider conference rooms will be necessary. In the meantime, some of the employees might agree to attend meetings in person while others will prefer to join meetings from home.

New cleaning protocols

Without a clean workplace, people won’t return to work. Today, hand sanitizers and handwashing have become a widely discussed topic. Offices will want to make employees feel safe, so new cleaning protocols will be put in place. For example, desks will be wiped down with disinfected wipes every 30 minutes and every room will contain at least 2-3 hand sanitizer recipients. Conference rooms will be cleaned thoroughly after every meeting and reception desks will be sanitized correspondingly. Social spaces will also be cleaned several times throughout the day.

Indoor air quality

One of the most common ways of resolving the air quality issue is installing UV lights to any air handler within the building. This will improve the air quality and destroy any type of bacteria that might be circulating in the air. Purified air is a short-term solution of the present and could definitely be improved. With technology developing at such a fast pace, future solutions will be quickly found.

Better safety measures – displayed

Making employees feel safe is another important method of getting them back to work. This is why new safety measures should be displayed inside every building. The health-related information should be communicated via text or video in elevators or corridors. By being constantly exposed to the reassuring information, people will know that they’re safe within the workplace.

Long-term changes

The new office moves past the point of ‘trial’ to the point of implementation. This is when further changes will be promoted. The average expectation for such projects should be anywhere between one and three years.

New air-filtration systems

As I mentioned before, the air we breathe is extremely important when we’re talking about a pandemic. Looking at new ways to design the air-filtration systems within an office building is the next logical step. Technology allows us to bring more fresh air into the office by using operable windows. This new concept will be adopted by many companies.

Bigger outdoor spaces

Companies will also redesign the workplace to include more outdoor spaces. One option could be designing rooftops to offer employees wider spaces to disconnect or socialize. Another option could be redesigning terraces and expanding them to ensure that workers have enough space to social distance. These areas provide people with increased access to fresh air, which might determine employees to return to work.

Biophilic designs

Bringing more plants into the office will help increase positivity within the office. Plants create a safe space for employees and enhance creativity and imagination. Bringing plants indoors and thus, implementing a biophilic design can be of incredible help. Research has shown that such designs can decrease stress levels and fasten illness recovery. 

Rethinking floor plans

Another important aspect of the updated, post-pandemic building will be floor plans. While most offices have an open floor plan today, this concept will change. Building forms will be altered since most companies will strive to de-densify offices and reduce employee interaction.

Wrapping Up

Companies will always find great solutions for their employees. The most important thing is that people should return to the office. We are social beings and we’re in high need of communication. This can only be done in an in-person environment, where safety and security are well-maintained.

Author Bio:

Eliza Sadler is a professional journalist with extensive experience, 4 years. She also works as a freelancer for a professional writer service. She always focused on doing quality work to achieve her goals and objectives. Eliza is fascinated by the ability to create original works that meet high standards. Feel free to connect with her on email.

Image by Ylanite Koppens on Pixabay 

A Guide for Rent to Own Homes in Perth

The traditional route to homeownership requires enough stream of income to be eligible for mortgage and down payment. A new alternative has been launched since most people cannot afford to jump headfirst into property ownership due to financial reasons. Rent to own homes provide middle-class and working families with the opportunity to rent houses and then opt to buy the property before the lease expires. For this reason, there are segments within the contract for rent to own agreements.These include:

  • Standard lease formalities and conditions
  • Option for purchase

For your best interests, you’ll need a guide to assist you through the process. Our team has assembled a list of things you need to know as you progress through the stages of owning a home.

Things to know about Rent to Own Homes

Non-refundable Initial Costs

An upfront fee is paid to the seller at the beginning, which allows you to extend the date for purchase. The amount or percentage of this fee is negotiable, but it solely depends on the renter. There is no set value for the option fee. Typically, it is around 1% to 5% of the total offer price of the property. The option fee does not affect or add to the purchase price. It is entirely separate.

Types of Contracts 

There are two types of rent-to-own property contracts. These are:

  • Lease-Option
  • Lease-Purchase

As the name suggests, lease-option provides you with a choice to either buy the property at the end of the lease or to look for another. It poses no obligation to go through with the purchase. You do not have to keep renting or hustle to fully pay for the house. The offer for purchase expires as the lease ends. It ends your right of purchase, whereas lease-purchase legally requires you to buy the property after the lease expires.

To save yourself from legalities, you should get the document reviewed by your attorney. If you end up signing a Lease-Purchase, you will have to purchase the house even if you don’t financially afford it.

House Price Quote

These agreements sometimes lead to early price quotes at the beginning of the lease, which is higher than the market rate for the same rent to own properties nearby. On other occasions, the price for the property is quoted after the lease expires with respect to the popular listings at that moment in time. Many buyers try to lock the price initially for properties that have escalating values. 

Rent Price and Credit for Lease Term

The rent remains constant throughout the term of the lease without any hitches. You have to identify the percentage of rent that adds to the purchase price of the property. The rent for rent-to-own homes is kept higher to make up for the rent credit you’ll receive. Some sellers provide the offer to relocate the option fee towards closing costs.

Investment Factor

Traditional renting services put families in a financial loop without getting any closer to buying the property. The rent-to-own homes make you one step closer to a significant investment factor. Many companies assist in this transition without hassles. Similarly, experts at Stop Renting Perth create a roadmap for successful homeownership. Bringing in a medium of housing experts will help you save time and money in the long run. They will make your investment worth it.

Frequently Asked Questions

  1. How much money do you have to put down on a rent-to-own home?

The upfront costs of a rent-to-own home range from 1% to 5% of the total purchase cost usually. It is a reasonable price and differs for every type of home. These prices are much higher than the general prices in the area because the upfront costs can be relocated in the end towards closing costs.

  1.  Is it better to opt for rent-to-own homes or to just rent an apartment?

Stop yourself from falling into the trap of traditional renting, where you won’t be able to save enough to buy a house because you’ll be too busy spending on living costs monthly. Stop Renting Perth is one company you can rely on to create a successful roadmap towards homeownership.

  1. Are rent-to-own homes legit?

Yes, rent-to-own homes are very legal and authorized. They are developed on state-recognized contracts such as lease-option and lease purchase. Before opting for rent-to-own, you should familiarize yourself with the process to avoid any legal issues.

Author: Harry Henrik

How to Find the Best Real Estate Deals Online

Finding the best real estate deals online is a lot easier than you might think.

1) Make sure your budget is realistic and that you have a plan for how to pay for the home.

2) Figure out where you want to live (city, state, zip code).

3) Figure out what type of home you want (single-family, condo, townhouse).

4) Find listings in your desired area.

5) Narrow your search based on price and other criteria.

6) Contact the listing agent with questions and set up an appointment to see the property.

The 3 Essential Principles to Follow When Looking for Properties Online

The five essential principles to follow when looking for properties online are:

1. Location: The first thing you should do when searching for a property is finding a place that is convenient for you. This may be close to your office, close to your children’s school, or close to the nearest airport.

2. Budget: It is important that you set a budget before looking for properties online because it will help you narrow down the listings and avoid spending more than you can afford on a property.

3. Type of Property: Now that you have decided where and what size of property would suit your budget, it is time to decide what type of property would suit your needs best. A good idea would be starting with a small apartment and moving up from there.

If you just can’t find the best real estate deals that fit all your needs because it’s just not out there: Have you considered to build your own? Like that you can have it exactly as you need it and like it. All you need is a piece of land for construction in your desired area and an architect who can look after the legal end of it. Once your project is approved a builder can finish your project.

Examples of Websites with Geographically and Price Specific Property Listings

Many websites have a property listing section that is only geographically specific. But there are some that are also sorting listings by price. Like this where you only see the houses for sale that you can afford. The site below is a great example of this.

All-Real-Estate.com – This site has a search function that allows you to see all of the homes on the market in a specific location and price range. Here you can also filter by many features that are important to you.

Image by Pete Linforth on Pixabay 

10 Essential Tips for Real Estate Investment from Professional Investors

The real estate industry is always competitive, and it is often really hard to make your mark and be known as a successful real estate investor. It takes years of experience and vigilance to ensure your success in this arena. Also, you can seek guidance from some successful real estate investors to understand the tried and tested tactics of successful investment. According to Dubai Real Estate Corporation, here are some essential tips for you that will help you with the basics of successful investment plans:

  1. Start with a Plan:

When you step into the real estate market, prepare to have a lot on your plate. You cannot manage it all without a plan, from keeping track of the latest listings to knowing about potential investment localities. You must pen down every detail, for example, how many properties you should own, when to upgrade, the estimated amount you get from rentals, how demographical changes can impact your investments, etc. Be the man with a plan!

2. Understand the Market:

Keeping an eye on the market is crucial. Which properties are in demand, which ones will get attention in the near future, what are the trends, residential or commercial properties are worth investing in currently, and there is a lot that you have to keep track of. This will help you get hold of potential properties timely before anyone else can lock the deal!

3. Honesty is the Best Policy!

The older this cliché gets, the more practically applicable it becomes. Although you do not sign an oath or are not required to follow any particular code of conduct, being honest with your clients adds to your reputation in the market. People prefer working with a broker who has transparent working strategies and abides by certain social ethics. If you want to win the trust of your clients, be honest with them!

4. Choose a Niche:

The real estate market is vast. You cannot be a jack of all trades. It takes time to build an understanding of the processes involved in making the deal. It would help if you chose a niche where you want to continue working. Choosing one particular area of the real estate market enables you to get in-depth knowledge about it.

5. Networking:

Having strong relationships and connections in real estate energy is essential for your success as an investor. Dealing with associates, clients, business partners, and fellow investors politely, professionally, and respectfully is necessary.  Try responding to every complaint or feedback of your clients to understand the demands better.

6. Keep Your Information Updated:

If you want to keep up with the momentum of the market, keep your information updated. Stay educated about the changing trends and legalities regarding the buying and selling of properties in your area. Keep yourself aware of everything that can impact your business directly or indirectly.

7. Beware of the Risks:

To simply put, you should not rely on advertisements regarding investment plans. The advertisers will give you the impression that there is no possibility of loss if you buy a property in a particular area. Still, you must rely on your sources to get accurate information. Once you know how the market works, it will be easy to reduce the chances of loss.

8. Get an Accountant:

Dealing with taxation is a significant part of being a real estate investor. Get a qualified, experienced, and reputable accountant on board. They can help you get through the complex process of calculating and paying taxes rather effortlessly.

9. Get Help:

If you are new to the market, do not shy away from seeking help from an experienced investor. You can also start your business by partnering with someone who has sound knowledge and a deep understanding of the real estate market and can help you have a good start.

10. Maximizing the Real Estate:

Try different ways of increasing your investments. For example, you can rent out a corner of your property to a bank for installing an ATM. Likewise, if you have an apartment complex, you can add services like garbage picking and an additional fee for it with the rent. Keep looking for new ways of making money from your currently owned properties.

These tips will surely help you with your career as a real estate investor.  

Author: Amber Roy

Top 5 Tips For Building Your Own House In Spain

You want to settle down in Spain and are hoping to build your own house. However, you don’t know how to go about it. This is a common scenario for many people, and in the quest to find how they can build their own house in Spain, they only get more and more questions. Questions about the cost, architects, other pitfalls, and dangers start to arise, which may be discouraging. Of a truth, it is pretty risky and also very daunting to go into building your house in Spain without knowledge of the regulations, landscape, and culture. So you may need to take your time before commencing the project. 

However, it is possible to achieve this goal. You may not do it personally, but you have the option to plan your home, design it, and also get the right people to help you build it. This is your most probable option, but there are a few tips you must note. 

1. Choosing the land 

You need to carry out several research to get the perfect plot of land for your new home. However, it is crucial that you can differentiate between the different types of land because there are some lands that you can’t build on. 

One common type of land you will come across in Spain is “suelo rustic.” These lands often lack necessary amenities such as drainage, water supply, electricity, etc., making them unsustainable for building. On the other hand, the “suelo Urbano” is the ideal land to build on. This is because it is urbanized and already has many basic provisions, and is also on the plan for urban development. Additionally, you must be paying attention to some of the other parameters like buildability (maximum m2 your house can occupy) or percentage of occupation (the part of the land that can be occupied with a building). 

2. Seek expert advice

After selecting the land plot for the building, the next step is to seek expert advice. For example, you may want to contact an architect to help you examine the land ‘in situ’ and check out the different possibilities – the orientation, land slope, good access, and if the surface is suitable to build on or it’s the ideal size, etc. 

The architect will give you a general estimate of the cost of the building, which can help you establish the initial contacts with banks so you can propose a mortgage. You will also be taking charge of the construction works. It is also recommended that you have a lawyer around for legal advice at different stages of the building process and before you take each step. 

3. Preliminary steps

A crucial preliminary step to take is visiting the Land Registry to request for “nota simple.” This is a brief legal report about the property (which may be a land plot, storeroom, garage, etc.) and will help you confirm that there are no previous debts or charges on the land before you purchase it and start building on it.

The next thing to do is contact the cadastre to get a graphic and descriptive cadastral certification. This will make it possible for you to check and confirm that the information on both registers is the same. One final step is to visit the town hall to consult and check with the town planning regulations. You must make this consultation because the design of your house can be affected, and you may need several variations (such as the number of floors, height, etc.) based on the legislation.

4. Financing

The general thing in Spain is that banks do not give mortgages for land purchases. So, the most appropriate thing to do is to remortgage your present home or apply to get a loan. However, it is also possible in Spain for you to apply for self-build mortgages, which you can use to finance the building of your house. 

A mortgage like this has three different sections:

  • The beginning stage (the first phase that ensures that work begins on the land).
  • The certification stage (this phase is for the construction to continue).
  • The completion stage (after completing the building).

Generally, these operations take up 80% of your budget if it is your first home and the repayment term never exceeds 30 years. 

It may also be worth noting that before the institution grants this loan, you must first show them the certificate of ownership as proof that you own the land, along with other things like the project, construction license, energy efficiency certificate, and execution budget. Additionally, you must comply with their solvency requirement before obtaining the loan. 

5. Planning 

The average time you need to execute your self-build project in this country successfully is about two years. However, it may go past that time frame too. To prevent this prolonged time and skyrocketing cost, you must execute and complete a detailed timescale and budget planning, along with careful coordination of all the professionals (builders, architects, etc.) involved in different stages of the project. 

Conclusion

The processes involved in building a home in Spain are different from how you have it in other European countries. This is because of the peculiarities of the country compared to other countries. This is why you need to take your time and reach out to experts and professionals during all the stages.  

Author Bio

Sherri Carrier is a professional writer at best essay writing services and a member of several writing clubs in New York. She has been writing her poems since she was a child. The young author gets inspiration from her favorite writers and people whom she loves. 

Top 5 Tips for Building Your Own Home in Portugal

When you are planning to build your own home in Portugal, you need to be aware of the documents and procedures that you need to undertake. The following will help you understand what documents you will need for construction permits to build your own home in Portugal.

There may be some cases where an application for construction permits is not required, such as when building with temporary materials or when reconstructing existing buildings.

1. Find the right location

Portugal is a small country and it may be more difficult to find a suitable location than you imagine. if you are thinking to be building your own home in Portugal you may already have a nice region in mind that you like most. But don’t overlook the hidden jems Portugal has to offer.

There are some regions that are more affordable than others, some are actually not far from the beach and mountains.

2. Apply for a planning permission

This is absolutely mandatory and will save you from potential problems later on. But don’t worry there is offices out there who are specialized in helping you in this process, such as an architectural office. Hiring an architect in Portugal is not as expensive as you might think. Depending on the size of your project it can cost you as little as 10 € per square metre.

3. Find and hire an architect

It might seem like an unnecessary expense, but it will make your life much easier in the long run by ensuring that everything gets done correctly, within budget and on time. Also, the architect in Portugal can design your home in a way that will actually save you money, in the end you probably pay the same that you would have without an architect.

4. Consider buying land

If you are only looking to build a home for yourself in Portugal, then make sure you look in the area that is right for you and have everything nearby that you will need. Also, it is important to check if the land is suitable for construction. If you buy a land in Portugal that is located in an estate make sure to check the estate rules – sometimes there are rules regarding colours of the house or windows or the roof needs to have a certain colour and angle… etc.

5. Speak to a solicitor

Better safe than sorry. Getting legal advice will help you to understand the procedure involved and be aware of potential pitfalls.

Conclusion: Building Your Own Home in Portugal

With these few simple steps you can be building your own home in Portugal and invest in the healthy and growing housing market of sunny Portugal.

Image by Steffen Zimmermann on Pixabay 

Cheap Houses: What You Should Know

Houses are expensive. Especially in densely populated urban areas. But there are some houses on the market that only cost a few thousand dollars.

Where can you find those dirt-cheap houses? One place we found for example is Bulgaria where you can get affordable houses, even some that are close to the beach.

Example: Cheap Houses in Bulgaria

Bulgaria is a country in the Balkans, Eastern Europe. It is bordered by Romania to the north and the Republic of Macedonia to the east. The country has a population of 7,6 million people and is one of the oldest countries in Europe.

Bulgaria offers beauty and history for all types of travellers willing to explore it. It is very affordable as well. For instance, a meal in a restaurant will cost you around 2 euros maximum, while accommodation will cost you anything from 10 euros per night for an apartment up to 50 euros per night for a hotel room with 4 stars. Bulgaria also has some remarkable festivals that are worth checking out – like the folk festival “Kukeri” during which participants dress up as masked characters with colourful outfits and dance around bonfires!

There are also many other reasons why you might want to consider property investment in Bulgaria such as:

– The country has a low crime rate

– There are plenty of opportunities for owning businesses

– Land prices are very low

4 Factors Affecting the Cost of a House

The cost of a house can vary in four main ways.

1) Location: the cost of a house will depend on where it is located. For example, a house right at the beach will cost you more than one in the middle of nowhere.

2) Size: the size of the property will also affect the price. For example, properties with a bigger backyard or more rooms might be more expensive than other homes with less space to offer.

3) Age: this factor is closely related to size and features but it also includes things like how old are the pipes? Or how new are the appliances? This is important because older homes might need lots of repairs and upgrades.

4) Amenities: another thing that affects housing prices is what kind of amenities, such as a pool or a gym, come with the property.

3 Ways to Make Your Home More Affordable

There are many simple ways to make your home more affordable. Here are 3 of them:

– Consider downsizing

– Look for a mortgage with a lower interest rate

– Consider walking away from your mortgage

– Consider to move to the Countryside

Downsizing is the most common way to make your home more affordable. The truth is that the size and space of your home can have an impact on its value. You could also look for a mortgage with a lower interest rate, which would help decrease the amount of money you spend each month. Lastly, it may be time to consider walking away from your mortgage if you have reached the end of what you can afford or if you are struggling to come up with additional funds.

Conclusion

Don’t look for a house that is bigger than you actually need it. Know what you can comfortably afford and then be flexible about the location as well as be ready to do some repair works yourself. Like that you will find cheap houses in no time.

Bio

Our Property under 20k team are the founders of www.all-real-estate.com and www.listproperty4free.com with the goal to search the cheapest real estate in the world and make it easy for others to find. The team is made up of landlords, real estate investors, architects and builders from several different countries.  We just love to have a good strong cup of coffee while we write our experiences in this blog.

Image by Martin Winkler on Pixabay 

How can I get a house for 100k or less?

You may be surprised to learn that you don’t need to be rich in order to buy a house. In fact, there are many ways you can save money and still get a house under 100k.

Houses are a big investment and one that should not be taken lightly. That is why it is important to find the perfect house for you, in the best location and for a price that fits your budget.

Average house prices

According to the survey, the average amount people are spending on a house now is around $400,000. So, it would take a lot of research and work to find a house that’s cheaper than 100k.

There are many ways you can get a house for close to 100k or even less than that. It just takes some time and work on your end.

Find the best value for your money

It’s not always easy to find cheap homes in the marketplace. There are many aspects that affect the value of a home. The general rule of thumb, however, is to buy close to the city centre if you want better value.

Some people say that it might be easier to find a cheap home by looking at area listings, or by looking at other more affordable areas outside of the city centre. However, this might not be possible for everyone who wants to live in an urban setting.

Be more creative in your search

So, what should you do? Get creative with your search and don’t limit yourself too much by just looking at one area when there are so many others out there for you to explore!

Saving up for a down payment is the first big step in achieving this goal. You can save the down payment by living with your parents or by renting an apartment in an inexpensive location and then saving up more money over time.

A lot of people want to purchase a home but they don’t have the money. It’s not uncommon for people to spend their life savings on a house – which is why many people end up living in their parents’ basement. That’s actually not a bad idea if it helps you to save up for your own home at the same time.

There are certainly ways to get houses for 100k or less if you have patience and know where to look.

Be more specific in your search

Buying a house is one of the biggest purchases that you will ever make. That said, if you are looking for a cheap home, it’s best to be more specific in your online search and don’t just rely on general words like ‘cheap home’ or ‘good deal’.

Be flexible when it comes to DIY

If you are up for DIY, you can get a fixer-upper home at a lower price. All you need is to take some time off and do the renovation work yourself. Not only will it make your home look better, but it will also help in saving money on labour costs.

Fixer Upper Homes: Fixer-upper homes are properties that have not been renovated or updated for a long time. Even if the property doesn’t have any major structural damage, they may need new paint and flooring, as well as other cosmetic improvements.

Investors are starting to pay attention to the potential in fixer-upper homes. With a low purchase price and a lower mortgage, it is easier than ever to buy a fixer-upper house.

The process of fixing up a home can be very rewarding; you have the opportunity to make your house uniquely yours. It also has the potential to be profitable, too. Fixing up your home can increase its value by hundreds of thousands of dollars if you do it right!

Conclusion

Now, you’ve seen the best ways to buy a house for 100k or less. So, what are you waiting for? Start scrolling and find your dream home today!

Bio

Our Property under 20k team are the founders of www.propertyunder20k.com and www.listproperty4free.com with the goal to search the cheapest real estate in the world and make it easy for others to find. The team is made up of landlords, real estate investors, architects and builders from several different countries.  We just love to have a good strong cup of coffee while we write our experiences in this blog.

Image by Siggy Nowak on Pixabay 

5 Benchmarks To Select A Real Estate Investment Platform Online

Real estate is traditionally one of the most sought-after investments. However, it had been a preserve for seasoned investors with a lot of capital. Today, you can build a real estate portfolio on an online platform regardless of your background or origin. All it takes is finding a great platform to cater to your real estate investment needs. Here are benchmarks to help you select the ideal real estate platform online to kick start your journey to become a real estate investor.

real estate investment
real estate investment

Image credit: apartmentcorp.com

Experienced And Professional Team

A great investment platform relies on the strength of its team. Successful real estate investment depends on having a team with appropriate knowledge of real estate fundamentals, finance, underwriting, and survival strategy. A real estate platform online connects real estate owners with investors. So, due diligence is still necessary just like when evaluating a brick and mortar real estate company. The ideal platform should have an expert team with a strict vetting procedure.

Equally important is to understand the company’s evaluation of financial projections for deals and factors influencing investment returns like the real estate value, business strategy of operator, and market quality. You have to be sure that the investment platform ensures all deals meet quality standards before availability. The leadership team behind the platform should have experience and expertise in related fields including underwriting, real estate, business strategy, and finance.

Company Portfolio

The best online real estate investment platform should have an impressive portfolio. You have to work with a team that has considerable real estate transaction experience in the niche you’re interested in. Working with a team that has adequate ‘skin in the game’ increases your chances of becoming a successful real estate investor. The investment platform should have safety guidelines in place to protect potential investors from downside risks such as potential loss of principal and illiquidity.

Performance of Underwriting Team

Ensure to look for a real estate investment platform online with a standard procedure for vetting deals. The team should not just work with numbers without verification. So, before you invest in such a company, check their vetting criteria to understand how the underwriting team does its work. All opportunities on the platform need vetting before they are made available to potential investors.

Some of the vetting aspects include:

  • Underwriting process for deals
  • Tallying of projected expenses with historical expenses
  • Rental assumption rate backed by market research
  • Assumptions backed by data from trusted third-party sources
  • Comparison of exit cap with going-in and market cap rate

Client Service Team

Another benchmark when selecting a real estate investment platform online is to check their service team. The ideal platform should have a knowledgeable customer service team to assist customers. This is very important since the service team is everyone’s first point of contact with the platform. So, any poor service gives a negative impression and is likely to make you look for a platform with better service.

Mentorship Program

The best online platform for real estate investment should try to help novice investors understand the nuances of the industry. Some of the benefits of a real estate mentorship program include:

  • Understanding property analysis
  • Acquiring knowledge regarding property development
  • Learning how to think like a property owner
  • Understanding investing and financing construction projects

Although the mentorship program comes at a cost, it is worth the investment given the knowledge you are likely to acquire for a lifetime career in real estate investment.

Extra Services Offered

Reputable real estate platforms online offer various services. So, ensure to check whether a platform that catches your fancy has extra services that you need. A platform with a legal team to help clients handle the processing of EB5 and E2 visas is a wonderful choice. The Employment-Based Fifth (EB5) visa offers eligible migrant investors a chance to become permanent residents like Green Card holders. A platform offering assistance to acquire an EB5 visa makes it easy for you to find the appropriate commercial investment you can invest in to qualify.

The E2 treaty visa allows someone to enter and work in the US after investing. Depending on your country of origin, this visa is valid from three months to five years with a chance for indefinite extension. If you need this visa, find a platform to assist you during the application process to ensure that you meet the five requirements required by the U.S. Citizenship and Immigration Services. Getting assistance from an all-service platform saves time and money.

Bottom Line

An online platform is a way to go when looking forward to making your first investment in real estate. Look for a company that offers a mentorship program for novices to understand the ins and outs of the industry. When from another country, look for a platform that offers assistance during EB5 or E2 visa applications.

Author: Eernesto Felder