Tag: St Lucia Villas

Investing in Canadian Real Estate in 2020

What is real estate investing? Real estate investing is investment in which you actively own a property. There are different ways to invest in real estate, but to name a few: owning your principal residence, owning a rentalproperty, and/or house flipping to increase value of your home. There are many more ways, but in this article I will discuss those three as I feel they are the most popular among Canadians.

The classic approach in investing real estate would be to own your principal residence. When you buy your primary home, not only are you buying a place to live, but are also thinking long-term. Instead of paying your landlord’s mortgage when renting, you’re now paying your own mortgage. You are the landlord! In order to buy your own property, there are a few things to keep in mind.  A big one, you’ll need to save up for a down payment. First-time homebuyers can withdraw up to $25,000 from an RRSP toward that purpose. For those who aren’t first-time homebuyers, the TFSA is the next best place to save for a down payment.

House flipping can bring a major profit, if it is done correctly and professionally. With a house flip, you buy a “fixer upper” with a lot of potential, renovate it quickly, and then sell it for a big profit. To improve your chances of a successful house flip, you’ll want to look for a property that requires some TLC cosmetically (painting, upgrading fixtures, flooring, etc.), but doesn’t have any major faults, such as structural issues or a leaky basement. Although, it looks fun on HGTV shows, it is important to remember, house flipping can be a daunting task and you need to absolutely be sure you are up for the challenge. Not only is it best to sit down with a realtor after you are done with your fixer upper, it is highly recommended that before you buy the property you get it prescreened to make sure it can be resold. More details!

If you are worried about house flipping or risks associatedinvesting in rental properties is the way to go. While a rental property is an active investment, you can choose to be as involved as you like or not. You can manage it yourself as the landlord or hire a property manager to deal with the tenants.

Investing in Condominiums

Are condos a good investment? Simply, Yes! It is by far one of the more popular real estate investments in cities. Vancouver cityhas over 700,000 people and condos are being built more often than house.

Condos such as the West End Condos or the Coal Harbor condominiums are just a few examples that can give you the city luxury that you or your tenants would desire. Buying in areas that people want to live in will guarantee real estate investment success. Location is everything! The areas that are not well serviced by the public transit, restaurants, cafes and businesses are not going to perform nearly as well. Buying high-end quality and a unique condo can also bring in great resell value and a bang for your buck. Learn more details at: https://www.pwc.com/ca/en/industries/real-estate/emerging-trends-in-real-estate-2020.html

 

References:

https://www.greedyrates.ca/blog/how-to-invest-in-real-estate/

https://www.vancouverrealestatepodcast.com/podcast/advanced-tips-for-buying-new-condos-investment-properties-in-vancouver-with-craig-anderson/

https://www.weknowottawa.com/investing-real-estate-canada.ubr

 

St Lucia Furnished Accommodation Rentals

St Lucia villas have really become popular in recent times and it’s not hard to see why. Renting a property is a lot easier than it appears and it’s something which so many absolutely adore too. However, for most, they aren’t sure whether renting a furnished property is better than choosing to rent one which is unfurnished. So, what’s the best option for you? Should you opt for a furnished accommodation or choose one which isn’t? Read on to find out more.

Are Furnished Accommodations Safe and Suitable?

For most, they think furnished accommodations are great as they help to save money as they don’t have to buy any furniture but that they aren’t exactly safe. So, are these accommodations really as suitable as you might think? Well, as long as the furniture is in good condition and the property is safe there shouldn’t be any issue. However, a lot of people think St Lucia villa rental properties don’t need to be furnished. In truth, you should think about furnished accommodations so that you can save yourself a lot of time and energy buying lots of new items.

Are Furnished Properties More Costly to Rent?

Having furnished properties can be ideal and really something which most people prefer too however, will it mean they cost more? Well, in most cases, rental properties with furniture can be just as cost-effective as what an unfurnished property can be! Really, furnished and unfurnished properties can be the same costs so you don’t have to worry so much about the costs. Of course, there are some furnished properties which are going to cost more than others but if you can find a cost-effective property you shouldn’t have too much trouble. St Lucia villas can be great if you can find the right one.

Rent With Confidence

Furnished accommodations are better than what you might think. You can get a great one or two bed rental that is fully or partially furnished. This will take away some of the most troubling factors like buying new pieces of furniture. It’s not always easy to afford furniture so having a furnished property can be ideal. Vancouver real estate can be ideal and really renting a furnished property will be more than useful. There’s no need to waste a lot of money on these things and you can get a great home too. Far too many people rule out furnished accommodation as they think since it’s not their own personal stuff; it’s not really their home.

Rent With Confidence

Who thinks renting or buying furnished accommodations is good? To be honest, a lot of people think it’s a bad idea to rent these types of accommodations simply because it’s not really theirs. However, the rented property can be great; it can be just as good as your own furniture and its ideal for most people too. You can absolutely love the idea of choosing rented accommodation that’s fully furnished. St Lucia villa rental properties can work for you and they really offer so much too.

Check out http://traveltips.usatoday.com/tip-hotels-canada-1073.html for more informations.