Commercial real estate investments have become one of the most popular forms of investment worldwide. It offers an excellent rate of returns, has reduced volatility, and has fantastic tax privileges.
A real estate investment is almost risk-proof. Perhaps its most enticing perk is the additional security that comes with it, except for natural and artificial disasters. Even in such eventualities, property insurance is usually a good fallback.
Georgia is one of the popular states in the Southern United States. It has a relatively large mass, the 24th largest in the USA, and a thriving, growing population, the 8th most prominent in the USA.
Georgia is an exciting option for any real estate investor or enthusiast. For those who grew up in the United States or with good knowledge of American history, you’d surely have heard of the term “Southern hospitality.”
It’s a term used to describe the charm, warmth, and down-home goodness of the core Southern US States. Of late, it has almost become a cultural and historical stereotype, albeit a good one.
Before discussing real estate tips, especially for those who want to sell a house fast in Georgia. Here are some reasons why Georgia should be your number one real estate investment destination.
One of the driving forces for real estate growth is the host area’s hospitality. Surveys worldwide have shown that sites with good hospitality rankings typically garner high real estate sales, profitability, and turnover.
Luckily, most surveys rank Georgia as the most hospitable state in the south and the third overall in the US.
Georgia ranks highly in terms of perceived charm and quality of life. It comes second to Florida in this regard; there’s no doubting the undisputed tourism champion.
Top tourist attractions such as the World of Coke, Georgia Aquarium, Zoo Atlanta, Callaway Gardens, Savannah Historic District, Golden Isles, and Stone Mountain attract millions of tourists yearly. Tourism and real estate go hand in hand as more visitors increase the chances of property investments.
Another crucial driver for attracting investments is the resident economy. Prospective investors usually target areas with a vibrant and robust economy. Georgia aces this requirement in flying colors. You can buy and sell a house fast in Georgia within a year and still get a sizable sell-on profit.
With a gross state product of around $602 billion in 2018 and the highest rating by Standard and Poor’s (AAA) to 17 fortune 500 companies, Atlanta is now the 20th largest economy globally.
The Atlanta Effect
Most real estate growth hubs usually have an economic epicenter. This title goes to Atlanta in Georgia, home to the world’s busiest airport and the fourth largest seaport. Atlanta also has the fastest-growing seaport in North America.
It’s also home to various top finance, technology, transportation, film, communication, service, logistic, and manufacturing businesses.
Tips to Consider Before Making a Real Investment in Georgia
Employ the Services of a Reputable and Experienced Real Estate Agency
Understanding the real estate terrain in Georgia can be pretty complicated. Especially for non-indigenes or people with little information on Georgia’s cultural, historical, and economic portfolio.
Before going to the Internet to Google phrases like “Georgia homes for sale,” you will want first to consider your main reasons for wanting to buy.
Whether it’s a long or short-term investment, residential/private building, rent or lease, or a tourism/leisure-based real investment, acquiring the services of an experienced and reputable real agency ensures you make a guided and assured choice.
Even if you want to sell a house fast in Georgia and recoup a sizable investment profit, we buy houses in Georgia. We are Tim Stout & Associates; with decades of experience in Georgian real estate, we make the property acquisition business easy for buyers, sellers, and investors.
We offer a variety of personalized and custom-tailored services. An example is the “We buy houses Georgia model,” which ensures clients get what they want.
Consider Your Budget
When trying to make any real estate investment, consider your allocated or estimated budget. Generally, most places have costly real estate areas and others that are far more affordable. Your budget should streamline your whole real estate scouting process.
Georgia is no exception. Real investments around Atlanta and its environs will cost significantly more than those in other parts of Georgia. This knowledge can save you lots of time and energy.
Additionally, note that newly constructed properties usually cost far more. Similarly, older properties cost far less. Hence, any property shopper would need to add this cue to their shopping detail, especially if working on a limited budget.
Your Long or Short Term Strategy
Quality investments aren’t just about having the required sums or deciding to buy and sell a house fast in Georgia. Developing a strategy is a vital component of real estate investment. Strategy in real estate refers to your motive for investing. A short-term investment should be in an area with high investment turnover. Similarly, long-term real estate investors can adopt a lesser bias for regions with high investment turnover.
Decide on What You Want
Deciding the type of real property you want helps you adopt a more straightforward approach. Specificity is a crucial part of making any real estate investment.
Even when acquiring the services of a real agent or agency, you’ll still need to provide details on what you want. Extra information like location and neighborhood preferences, cost of living expectations, hobbies, likes and dislikes, can all give clues on the type of area to beam your focus.
Georgia is a high prospect region for property acquisitions and investments. It’s blessed with a strong and vibrant economy, famed hospitality, delicious cuisines, and renowned tourist attractions.
However, as always, make careful considerations before investing. We highly recommend that you consider employing the services of a reputable real estate agency or execute thorough research.
Whichever choice you make, your chances of striking gold when making real investments in Georgia are very high. Join the bandwagon today.
Mortgage crises drive house prices down by 20%. End of Tenancy Cleaners will be the winners
If you still think that 2020 was the worst year ever, you’ve obviously slept through 2022 so far. With energy prices soaring and war-induced 40-year-high inflation, there isn’t an industry that was not hit hard by the post-covid crisis. This was not a genuine surprise, as experts had predicted high inflation and market shrinkage a year ago. However, what they couldn’t take into consideration was Putin’s imperialistic obsessions, which spiked the crises out of control and produced what we see today.
Still, a genuine surprise was the ever-climbing housing market. For seven months straight, housing prices have been going up and the market scaled by 15.5% annually by the end of July.
However, over August and September, the housing market didn’t just slow down but began shrinking. Moreover, with October passing its midpoint, the housing market decline seems to be speeding up.
Why didn’t the housing market continue to rise
There were several factors which led to the rapid rise of the housing market, despite the inflation and volatile industry. The first of many was the Covid crisis, which deterred people from spending too much. Naturally, they managed to accumulate significant capital. In addition, the high inflation introduced another factor, as it pushed those who managed to save money, to invest further and not lose them to inflation. Moreover, the pandemic made it painfully obvious what are the benefits of owning your own place, especially one outside the big urban centres. The final nail in the coffin was the relentlessly rising rent cost, which, unlike wages, rapidly increased. By June 2022, the average rental price in the UK increased up to 3.6% for a 12-month period.
All these factors pushed people to seek housing opportunities despite the expectations that the Bank of England would raise the interest rates. After all, many concluded that if they would pay massive sums each month, it’s better to make it toward their own home rather than just pay a landlord.
On the other hand, many who were saving for a second or third home were forced to choose whether to let inflation take a huge bite out of their savings or invest it in a bigger, better and newer home.
All of this drove the housing market up, but as we are preparing for the next increase in interest rates, it seems that the housing market will finally take a blow.
Why is a mortgage crisis expected?
The Bank of England announced yet another aggressive interest rate increase in November to battle the ever-increasing inflation. This might bring some peace of mind in other markets, but the increase will actually make things worse when it comes to the housing market. Private banks in terms will increase their interest rates towards their customers, so people will have to pay higher amounts to cover their mortgages. For example, the interest on two-year fixed-rate mortgages has more than doubled, rising to 5.17% compared to 2,57% in March 2021. The five-year fixed-rate mortgage has done the same, reaching 5.1% compared to 2.75% in March 2021.
This means that many won’t be able to cover their loans, as some estimates claim that millions would not be able to afford to deposit their monthly payments. On average, a person who took a £100,000 25-year mortgage at a rate of 2% pays £424 monthly. However, if the interest rate goes to 6%, as is the BoE plan for next year, this would mean that the monthly payment will rise to £644. Many won’t be able to afford this drastic change. Thus it will lead to a mortgage crisis.
From the mortgage crisis to the housing market collapse.
Since many won’t be able to afford their monthly payments, they will be forced to sell their homes. Moreover, many would try to sell their homes in panic, as they will be afraid of even higher increases next year. The significant drop in mortgage applications and the fact many landers suspended most of their mortgage products means the housing market is not just in crisis but should be ready for a free fall. High offering and low demand are usually a recipe for disaster in any market. Experts expect the real estate cost to drop as much as 20%.
According to UK’s National Statistics, the average house price in the UK was £292,118 in July 2022. If the experts’ predictions come true, soon a new home in the UK could be bought for as little as 233.7 thousand (on average)
Is there a silver lining?
It’s hard to imagine there will be any winners in this horrific scenario which is currently unfolding. However, if we have to find a bright side to this, there will be some industries that will probably benefit from the housing market’s downfall. For example, people who already have the money or can afford the constantly increasing mortgage prices will have the opportunity to get a new home with a 20% discount. Landlords will also take a significant boost from the collapsing market, as many would have to go back to renting. With the skyrocketing rental prices, this turn of events is more than welcome for many rental apartment owners.
However, the biggest winners will be the service sector, which takes care of preparing homes for sales and new residents.
End-of-tenancy cleaners will enjoy a busy winter.
EoT is an essential service when you want to let your home look stunning before selling it or whenever you are switching your permanent residence. Although the money will be tight in most cases, many would prefer to hire a professional team to prepare their homes for sale, as it will drive the price up. Moreover, an end-of-tenancy cleaning is a one-time spend that significantly increases the property’s value. For example, the price range for one of the most prominent end of tenancy cleaning companies in the UK, Fantastic Cleaners, shows that the average price for a single-bed home goes from £180 to £210, depending on the area. This is a small price that can easily increase the value of your home by up to several thousand pounds.
Moreover, storage providers, staging companies and others will also experience a boom, especially with fewer potential clients on the line. The significant reduction in demand will force sellers to upstage their competition in order to sell without drastically lowering their prices, so any trick in the book will come in handy.
There is a hard winter coming
Despite the opportunity for some home services sectors, the mortgage crisis portend one truly harsh winter. High inflation and the inability to strike good mortgage deals will force people to seek other ways to save their money, which may lead to funds draining away from the UK economy. So how will our lawmakers deal with this impending crisis? We will have to wait and see.
Is the Disney Vacation Club Worth It?
Around 58 million people visit Disney World every year, and many wish they could. People who love this amusement park and others might purchase a membership to the Disney Vacation Club.
The Disney Vacation Club is a membership you can buy to access this park and others, but is the Disney Vacation Club worth it?
You might ask this question before buying a membership. After all, you’ll want to ensure it’s a good investment.
Keep reading this guide if you’re ready to learn the answer to this question.
What Is the Disney Vacation Club?
The Disney Vacation Club (DCV) is a timeshare program you can purchase. When you purchase a DVC membership, you have access to the following locations:
- Disney World in Florida
- Disneyland in California
- Disney’s Vero Beach in Florida
- Disney’s Hilton Head Island in South Carolina
- Disney’s Aulani in Hawaii
The membership comes with points you use at these locations. In addition, you can use the DVC points for other things, including Disney cruises.
Is the Disney Vacation Club Worth It?
When you join the Disney vacation club, you can decide how many DVC points to purchase. You can also decide when and where to use them.
Each location requires a specific number of points, and you must secure your dates in advance. You don’t have to use all your points each year, but you should.
So what are the benefits of the Disney Vacation Club? Of course, the main benefit is the costs. If you enjoy going to Disney each year, you’ll save money if you’re a club member.
Secondly, you can choose how you spend the points. You’ll find that some locations and dates require fewer points than others. If you plan properly, you can get more vacation time with your points.
Many people find that using their points yearly makes the membership highly worthwhile. However, some members also feel it’s a good deal even if they don’t use their points yearly.
How Can You Decide if You Should Buy a Membership?
After learning the basic details of the DVC, you might wonder if it’s right for you. Of course, every family is different, but you can decide by considering a few things.
First, how much do you love Disney resorts and parks? If you love these areas and want to spend most of your vacation time there, buying a membership is a great idea.
Secondly, do you have time to travel each year? The membership is better for people who can travel every year.
Finally, you can consider the costs by checking out resales.dvcshop.com. One thing to know is that you can always sell your membership if you decide you no longer want it.
Enjoy Life by Traveling to Disney Theme Parks
If you ask, “is the Disney Vacation Club worth it,” you’ll learn that most people think it is. People who travel often and enjoy these parks love this membership.
Did you enjoy this article? If so, check out others on our site.
Thinking Of Moving To Brea, California? 4 Things You Need To Know
Brea is a tiny city in California state located in Orange county. The area has a suburban feel suitable for families searching for more space instead of densely populated cities. Brea is a perfect neighborhood to raise kids as you save money.
If you move and search for homes in Brea, you will find numerous reasons you call Brea home. This place offers a strong economy, excellent schools, and plenty of social activities.
Brea is the place to live if you are looking for an upscale area or family-friend community. Here are the things you need to know before you move to Brea, California.
Things You Need To Know Before Moving To Brea
The City Is Constantly Growing And Expanding
Brea city is becoming popular daily because it constantly expands and grows. Over the past two years, the population has steadily increased, with new businesses constantly opening up.
Such reasons make Brea the perfect place to live if you want to be in a city always moving. There are endless growth opportunities and something new to see or do. If you want a house in a city full of life and constantly changing, Brea homes for sale are the perfect solution.
Has A Great Community Spirit
Brea has plenty of events and activities throughout the year, so everyone has something interesting to do. Whether watching a parade, participating in a community clean-up day or attending a farmers market, there is always a chance to be involved and meet new people.
Brea is also home to numerous recreational facilities and parks, so if you live in this area, you will always have somewhere to go and stay active. It’s worth considering Brea homes for sale if you are searching for a place to call home with a great community spirit.
Plenty Of Job Opportunities Available
Being confident of job opportunities or job security as you move to a new place is essential. Looking for ways to commute to work helps you to feel secure and stress-free. If you know that you can commute to work efficiently, finding a future employer or a potential job is comfortable for a new life in Brea.
One of the reasons why Brea in California is becoming a popular destination for home seekers is plenty of job opportunities available. Brea has a strong economy with numerous companies and employees calling it home. The increase in human activities and several business start-ups have helped create new jobs for people.
If you want to buy a home and stay where you won’t have a lot of hassle in getting a job, consider Brea homes for sale. Real estate agents know the right spots near the city where you can get affordable housing and still commute to work without much stress. This way, you have a quick transition from your old city to the new city.
Cost Of Living In Brea Is Relatively Low
After purchasing a home, utility and maintenance costs, home insurance, and property tax contribution to the cost of living. Among all the cities in California, Brea has relatively low costs of living in terms of healthcare access and affordability.
Healthcare costs make up a more significant percentage of the cost of living. The ability to afford healthcare is a crucial indicator of how much you are willing to pay for it in another state. Affordability is measured in out-of-pocket expenses and insurance coverage you pay after receiving the care.
If out-of-pocket expenses or insurance rates are high, the cost of living will increase. Accessing health care is determined by how easy or hard it is to receive care. Identifying the barriers that hinder you from getting better healthcare and other social services helps you to measure access.
Brea is an incredible place because it offers different social services at realistic prices to make your life comfortable. If you want an affordable neighborhood, Brea homes for sale will provide you with numerous options and select the best.
If you are considering moving to Brea, you must work with Brea homes for sale to understand different things that will make your life more comfortable. The area is constantly growing and expanding, a perfect match for a person looking for a city full of life. The cost of living is generally low, so you can afford different social services at realistic prices.
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