Renter-Friendly Design Tips for Your Dream Home

Living in an apartment or another type of rental comes with conveniences and inconveniences. While you have on-call maintenance that can come to fix your appliances whenever they break and many amenities are included in the cost of rent, you can’t always design your apartment like you want to. 

It can be difficult to make a rental feel like your home when you can’t make too many changes to it. However, there are plenty of ways you can make your apartment or rented home feel like it’s yours without risking your deposit. 

Add Your Own Built-Ins

Some luxury apartments come with built-in shelves you can use for anything from books to trinkets. However, most apartments don’t. If you have bookshelves you put in storage because you thought your space would be too small, it’s time to find moving companies that can help you get them inside your apartment. These bookshelves can also be used to separate rooms for more defined spaces. 

When looking for the right bookshelves, make sure you find tall ones that will almost reach the ceiling. Also, they shouldn’t be able to be easily knocked down. While you won’t be able to nail your bookshelves to the walls to ensure they won’t fall you can use command strips on your walls to give your bookshelves a little more strength. 

Change Your Wall Color

Most apartments come with plain, white walls. While you might want to keep some of those walls the way they are, most people want to add a pop of color or design to their walls to make their rental feel like home. Some landlords allow you to paint as long as you paint the walls back when you move out. Other landlords don’t let you paint at all, and you can risk breaking your lease if they find out you’ve made any change to your walls. 

Instead of risking your relationship with your landlord or having to paint your walls again when you move out, consider getting peel and stick wallpaper. You can find the wallpaper in a variety of colors and designs so you can make any wall a feature wall. The best part about peel-and-stick wallpaper is that it easily comes off and doesn’t damage the paint. 

Update Light Fixtures

You won’t be able to do any construction to your rental, such as adding lights to the ceiling, but you can bring your light fixtures to make your lighting unique. Make sure you purchase lamps that match your style so you can make your place feel more like home. 

Luckily, many rentals don’t come with many light fixtures. You may find one in the dining area, kitchen, and bathroom, but you can do whatever you want with the living room and bedroom.

Get Curtains

Some landlords won’t allow you to take down your blinds because they want their property to look at a certain way from the outside. However, they may allow you to put up curtains as long as the side facing outside is white. The good news is you can find curtains that have a design or color on one side and are white on the other. While your home may not look like yours from the outside, it will as soon as you step inside. 

Add Mirrors

Use one large mirror to make any small space feel larger. Mirrors work best in living rooms, but they can be added just about anywhere to give your home more dimension. 

Purchase a New Mattress and Linens

While you may be renting your home, it doesn’t mean you cannot find ways to make it feel like your personal space. By purchasing a new mattress that molds best to your body, you can feel more relaxed and comfortable in your space. Take it a step further by replacing old, boring comforters and linens with those that match your unique design aesthetic. 

Get New Furniture

Your furniture is one thing you have absolute control over when you’re a renter, so make sure you get furniture that matches and is comfortable. If you can’t add any paint to your walls, you can still put color throughout your home by getting sofas with a pop of color or blankets and throw pillows that make your space feel like yours. 

Learn How to Camouflage 

Your apartment may come with eyesores that can be quite annoying, such as small cracks in the paint or ugly light switches. You can learn to camouflage these ugly aspects of your home. For example, you can touch up any paint that’s cracked or peeling by telling your landlord about it and asking what color the paint should be. Many landlords will be happy to tell you since it means one less crack in the paint to fix when you finally move out. 

An ugly light switch can be decorated with peel and stick wall decals, while ugly tile and carpet can be covered up with beautiful rugs.

Add Art

If you don’t have any wall decals, but you do want to hang some art, check your lease. Most landlords won’t allow you to put holes in the walls, but some might, depending on the number of holes. You can also use command strips to hang your art, which won’t peel off the paint and can hold different weights, depending on which strips you buy. 

If, for some reason, you absolutely must put a hole in your wall, make sure you fill that hole when you move out so you won’t be charged for any “repairs.”

Divide Spaces

Many rentals are just one open space, making decorating difficult. However, you can divide the space by grouping your furniture well. For example, if you have a large living room but no dining room, you can put one sofa between the two spaces to give you a more defined living area. Then, you can add a small dining table to break up the spaces even more. 

Your rental space comes with a few sets of rules, so make sure you never make any design decisions that can impact whether or not you get your deposit back. Luckily, most of the ways you design your apartment depends on your creativity. 

Marné Amoguis

Marné Amoguis holds a B.A. in International Business from UC San Diego. She is a contributing writer at 365businesstips.com where she loves sharing her passion for digital marketing. Outside of writing, she loves traveling, playing music, and hiking.

Discover How to Buy An Apartment In Turkey

Turkey is a dream location for people from various countries. Some of its attractions include the remarkable culture, history, climate, and nature. The real estate industry attracts significant investment in the country and is among the fastest-growing. There are various investment areas including Istanbul, Bodrum, Antalya, Trabzon, and Bursa. Let’s dig deeper into how you can buy an apartment in Turkey.

Apartment buying process

Turkey is the 37th largest country in the world. It has thousands of destinations for real estate developers. For anyone looking forward to investing here, there are a few things to keep in mind. The bigger cities in the western part of the country are the most attractive to foreign real estate investors. Some of the most prominent real estate locations include Istanbul, the coast of the Mediterranean, and the Aegean region.

Preparing your budget is the first thing to do when looking forward to buying property in Turkey. Afterward, you have to find a suitable location with properties that match your preferences and budget. An apartment in Istanbul is suitable for those who enjoy vibrant city life. Bodrum and Bursa are ideal for those who want to escape from the daily hustle and bustle of the city.

Buying an apartment in Istanbul

You can find apartments for sale in Istanbul  in various neighborhoods. The city is a combination of rich history and culture. It links Europe and Asia. About 15 million people live in this city and it is the 20th city in the world to attract the most visitors. Investing in an apartment here is the best way to enjoy city life with friendly people, low living costs, and beautiful scenery.

Investors in real estate have various properties to choose from including:

  • Apartments
  • Sea views
  • Luxury homes
  • First view villas

These come at a reasonable price and offer investors a high return on their investment. With such incentives, the real estate market in the city is very appealing to foreign investors.

Buying an apartment in Antalya

Away from Istanbul, this is the second city in Turkey that receives the most visitors. Antalya is filled with beautiful beaches and resorts. The real estate market here is very appealing to investors from all over the world. This vibrant city is full of world-class hotels, endless dining options, immense hospitality, and an active nightlife.

Antalya is a great shopping destination with some of the best shopping centers in the country. Here, people indulge in shopping international and local brands in the weekly markets and shopping malls. The best beaches in Turkey namely Lara Beach and Konyalti Beach are in Antalya.

Buying an apartment in Bursa

Located in the northern part of the country, Bursa is a great real estate investment location for investors from the Middle East. This is because of the similarity in culture. Some of the local attractions here include:

  • Ulu Mosque
  • Uludag Mountain
  • Green Mosque

Real estate here is affordable with the potential to make good money from holidaymakers for long and short-stay rentals. Bursa has properties constructed with the latest designs and technologies. This city has recent developments and all its infrastructures are well maintained. Some of the amenities that make life here easier and better include health care, education, and transport.

Bodrum

This city is another hotbed for real estate investment in Turkey. Properties here come with a modern transport system, local attractions, beautiful architecture, and sparkling nightlife. One of the most significant attractions for foreign investors in Bodrum is the ease of communication. Locals here speak mainly English to eliminate the problem of the language barrier that might exist in some locations.

Understanding foreign ownership of property in Turkey

The government of Turkey allows foreign investors to buy apartments without restrictions. Some of the top foreign investors in Turkish real estate are from Iran, the USA, the UK, Iraq, Russia, China, and Saudi Arabia. The government’s decision to grant Turkish citizenship to real estate investors who commit about $250,000 has attracted various foreign investors.

Another significant factor that has attracted foreign investment in the real estate sector is the immense development in various sectors including transport, health, and entertainment. This has made real estate prices go up making investing in the sector highly profitable.

Buying an apartment in Turkey is one of the best decisions to make for any smart real estate investor. This country has various beautiful locations backed by a rich culture and a wonderful natural environment. Istanbul is among the most lucrative locations where to buy an apartment with the potential to make a high return on your investment.

Author: Eernesto T Felder

Are you interested to buy an apartment in Turkey for less than 50k? Check out our latest listings!

8 Perks That Come With Buying A Home

Buying a home requires spending on upfront costs. However, various long-term perks might not always be obvious. Apart from getting a home, buying a home builds equity, plan housing payments, and other perks as you’re about to discover below.

Stabilized housing costs

Investing in buying a home comes with various upfront expenses such as the down payment and closing fees. You also have to budget for ongoing maintenance down the road. However, homeownership becomes consistent with a fixed-rate loan for paying your monthly mortgage.

Although homeowner insurance and property taxes increase with time, the housing payments are usually stable throughout the year. Keep in mind that the price of renting keeps on increasing whenever you renew the lease or go into a new apartment.

Growing investment

General home prices grow over time although this can depend on local real estate trends. The appreciating value is a major benefit of considering homes for sale in Wareham Ma. The appreciation value for a home in 25 years is an average of 3.9 percent annually according to Black Knight.

The value of homes varies widely across the US and it fluctuates in some places more than in others. However, you can use a price calculator to predict the current value of the home according to the purchase price and closing date.

Tax benefits

You benefit from some taxes when you own a home. These include capital gains tax and mortgage interest deductions that help save you a tremendous amount annually. There’s also a chance to deduct money you paid for mortgage insurance premiums on the federal income tax returns.

Additionally, there’s a chance to deduct property tax payments, sales taxes, and local income taxes paid to the local government and state. For those who make a profit on selling their home, you might get exempted from paying taxes on your earnings. However, you’ll need proof that you have occupied the home for about two to five years before you sell it.

Building equity

The home’s equity makes up a portion of the property that you own. Determining this is by subtracting the mortgage balance from the market value of the home.

You can build equity by making monthly mortgage payments and tracking the appreciation of your home over time. When you sell your home, you receive equity in the form of cash. Alternatively, renters don’t recoup any housing expenses spent while occupying the house.

Source of earnings

Another wonderful benefit of buying a home is a chance to tap into the equity to finance improving your home or paying off personal loans. Having such options allows borrowing money and using your home as security. Although it puts your home at risk in case you default on payment, the options are more affordable than some alternatives to get money.

Building credit

Getting a mortgage has a positive impact on your credit score. This is very good for your financial health. Monthly timely payments help boost your credit scores. And, having a mortgage helps diversify the credit mix while increasing your credit history.

Using credit also lowers your loan balance to positively impact your credit scores. On the flip side, late payments hurt your credit and a fault leads to a foreclosure putting your credit score in jeopardy. The rule of thumb is to prioritize timely payments for your home mortgage. This allows building credit over time to finance future purchases favorably.

Allows personalization

Another benefit of owning a home is having complete control regarding how you want it to look. You just have to abide by local regulations regarding home renovations and improvements. Doing this allows owning a home that matches your taste and preferences.

When you rent, your landlord is the one with authority over renovating the property. However, when the home is yours, nothing can stop you from working on it to become your dream home. You have the freedom to invest in renovations that boost the value of your home.

Living security

When renting, your stability in the property depends on the landlord’s decision. You might wake up one day and the landlord wants to give out the property to another tenant.

Keep in mind that shifting is expensive, inconvenient, and quite emotional when you have to shift at short notice. If you bought the home, you will always sleep soundly without anyone having to give orders regarding the property.

There’s no hesitation to invest in a home today. There are various properties to buy in Wareham Ma. You just have to find a reputable real estate agent to guide you through the whole process. Owning a home comes with various perks including boosting your credit, securing a home for your family, and enjoying tax benefits.

Author: Eernesto T Felder

Are you interested in buying a home for less than 50k? Check out our latest listings!

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

7 Interesting Realities of Real Estate Marketing in 2021

Marketing is continuously evolving. Like all businesses, the real estate industry must keep up with technological advances and consumer behavior. Traditional listings and having a website are no longer enough to compete. Instead, your marketing should evolve with the changing needs of consumers to embrace all channels and technology that finds potential buyers. Here are some interesting realities of real estate marketing in 2021. 

1. High Competition 

With so many realtors, finding buyers and sellers can be difficult without leveraging the right digital channels. Depending on whether the environment is a seller’s market or a buyer’s market, you can expect competition, which can affect your marketing campaigns. Seasonal competition can make reaching the right audience more difficult as more people are buying and selling their homes in the warmer months. 

2. Low Inventory

With fewer houses on the market in 2021, realtors will need to compete to help buyers find the right homes for them while selling homes on the market for more to make up their commissions. 

New agents will find it challenging to find sellers, while their lack of experience makes them less attractive to homeowners who want to profit from selling their homes. 

3. Time-consuming Processes

Buying a new home is a time-consuming process that requires proper planning. When marketing a real estate company, experts need to understand making a sale is time-consuming, so their marketing strategy should focus on the buyer’s journey. 

4. Unrealistic Buyer Expectations

Like selling, buying a home is time-consuming, and the people who buy homes usually don’t plan to become repeat buyers. Instead of trying to find ways for clients to continue buying homes from you (since many won’t), marketing teams should focus on how they can obtain new clients. Marketing should become a resource or tool for clients and potential clients so realtors can stay in front of their audience and prove they are a valuable source of information. 

When it comes to marketing a real estate business, you need to keep your clients’ expectations realistic through marketing efforts. You can do this by providing resources that outline how clients can figure out how much they can afford and their monthly costs on a particular home. 

5. Market Research

The real estate market is highly flexible. With valuable analytics, market research allows companies to survive fluctuations. Market research can help you understand the types of individuals interested in buying homes at a particular time, letting you know whether or not your marketing campaigns should target first-time homebuyers or other types of investors. 

A real estate marketing team should invest in real estate market research so they can prepare for dips and rises in the market. You can do market research in-house with a market researcher or work with a third-party advisor.

6. Targeting the Right Audience

A successful advertising campaign will tap and target the right audience. For example, realtors wouldn’t want to spend money on campaigns that don’t reach people interested in buying or selling their homes. 

By targeting the right audience, real estate professionals can grow their potential reach. 

7. Keeping Up With Trends

Real estate agencies deal with shifting trends and fluctuations. The best way to compete with others in the industry is to stay ahead of the current real estate trends. Trends such as the use of social media, apps, and more can help you beat your competition. 

Marketing Strategies for Real Estate Professionals 

Real estate marketing is challenging even for the most experienced marketers. Whether you have a marketing department in-house or are doing everything yourself, here are a few strategies real estate professionals can use to take their marketing to the next level:

Live Videos

Live video on social media is important for every industry. The most popular live streaming is Facebook Live, but it’s becoming increasingly more popular on Instagram, Twitter, and even LinkedIn. Live videos allow realtors to engage with their audience in real-time, which can result in more qualified leads and followers on social media channels. 

Real estate professionals can use live video on social media for:

  • Video tours
  • Q&As
  • DIY tips
  • News
  • Webinars

Drones

Drones allow realtors to create better content to share and are ideal for covering luxury properties and estates. They can also show the house for sale and its property from above by creating aerial videos of the entire neighborhoods to attract homebuyers. 

Virtual Staging

Staging a home encourages buyers to picture themselves living in the home. The right staging can give the home a personality that appeals to the masses. Not to mention, empty homes don’t look good in photos, videos, or real life.

Instead, realtors can present homes that are perfectly furnished. Luckily, modern software makes it easy to virtually stage a home without renting furniture or hiring a staging company. 

Virtual Real Estate Agents

With more people from all industries working remotely, realtors are no exception. Virtual brokers are one of the newest disruptive real estate trends. Several services can save time and cut costs for both realtors and buyers. 

When individuals work with a virtual broker, they must research them and their reputation to know you’re working with a legit company. According to Shareable for Hires, you can run a professional license background check to make sure they are licensed to operate in your state. 

Microsites

One strategy many realtors can choose to market their listings is to build microsites for luxury homes. These websites can help generate leads and allow agents control over the types of content they want to share on their website and social media pages. This also helps them avoid sharing commissions. 

Final Thoughts

Real estate fluctuates more than most industries, which means marketing campaigns need to be planned ahead of time so they can explore what will happen when things change. For example, in a seller’s market, marketing campaigns should be geared toward obtaining clients looking to sell their homes rather than buyers who might not be able to afford to purchase a home. By understanding your target audience and staying up to date on current consumer behavior, you can develop marketing campaigns that succeed. 

Matt Casadona

Matt Casadona has a Bachelor of Science in Business Administration, with a concentration in Marketing and a minor in Psychology. He is passionate about marketing and business strategy and enjoys San Diego life, traveling, and music. 

5 Tips for Furnishing Your First Apartment

Moving into your first apartment is an exciting and wonderful time. You now have your own space that you can do whatever you want with. It’s completely up to you how you decorate it and what interior design to ideas to use. 

Decorating small spaces can be challenging at times, which is why it’s so important to know what you want each room to offer you. Once you have an idea for each open space in the apartment, you can then begin looking for apartment decor and furniture. Before you begin buying every piece of furniture or home decor item you see, do know a few helpful apartment decorating tips.

Because apartments don’t have as much space as many homes do, you need to know how to utilize the space you do have well. In this guide, you’ll discover several tips for decorating a small apartment while still making it a home. Continue reading below to get started!

1. Purchase Double-Purpose Furniture

One of the first things to consider when furniture shopping for your apartment is double-purpose furniture. Look for furniture items that serve more than one purpose in your home. Double-purpose furniture will help you save space and will add to your amount of storage. 

For example, a coffee table that opens up as storage is a great place to store remotes, blankets, coasters, board games, and other knick-knacks. A bed frame with drawers attached will also increase your storage options. There are many different types of multi-purpose furniture items to choose from. 

Always look into these options first so your home can be functional and clutter-free. Be sure to work with these realtors to help you find an apartment that provides the right amount of space and storage needed for you to live comfortably 

2. Bring It to Life With Plants

Plants can make a room seem larger than it is by bringing the outdoors inside. Live plants give your apartment a splash of green while improving your indoor air quality. Be sure to find plants that can also aid you when needed. 

For example, the aloe plant is ideal for minor scrapes, cuts, and burns. You can easily cut off one of the aloe leaves and use it when needed. If you don’t have a green thumb, don’t panic. 

Many plants require little maintenance, such as the aloe plant, other succulents, the snake plant, and more! Low-maintenance plants are always a great choice and will look amazing in your new place. 

3. Create a Welcoming Entryway 

What’s the first thing you want to see each time you come home? The answer most likely isn’t clutter and chaos. Take the time to create a clean clutter-free, and welcoming entryway. 

If you have a small entryway, start by hanging a mirror nearby. Mirrors help make an area appear larger than it is. Then, hang a few hooks for coats and bags. 

You can also place a small, narrow bin on the floor for your umbrellas. Include a small bench for sitting on while taking shoes on and off if possible. If the bench opens or has drawers under it, then this is ideal for shoe storage. 

Adding these items will help keep your belongings organized but will also create that warm and welcoming feel you expect from a homey environment. 

4. Personalize With Artwork and Photos

Your first apartment is the first home you have where you can make all of the decisions. Your first apartment is a space to make your own. Personalize it by adding artwork you love looking at every day. 

Make the space even more personal by adding family photos or photos with friends. You can hang these photos on the walls, in the hallway, or have them resting on a side table. The same is true for your artwork pieces. 

Do whatever is necessary to make the apartment feel like your private oasis. 

5. Take a Chance on Removeable Wallpaper

When you think of wallpaper, what’s the first thing that comes to mind? Hopefully not a hideous mustard-colored design straight from the 1920s that’s a nightmare to remove. Today, wallpaper has come a long way.

There’s now no need to worry about the difficulties of removing the wallpaper once applied. You now have the option to use removable wallpaper. It’s easy to remove and a great option for apartments, since painting the walls will require you to paint them back to white when moving out. 

There are many great patterns and designs to choose from in removable wallpaper. You can even decide to use it on an accent wall only. When you’re ready for a new design, simply pull it off and replace it with a new one. 

When it’s time to move out, you won’t have to worry about spending time repainting walls. 

Decorating Your First Apartment Has Never Been More Enjoyable

Moving into your first apartment is an occasion to celebrate! This marks the beginning of a new, independent chapter for you. You now have an entire apartment to call your own and decorate how you’d like. 

To get the most out of your apartment space, be sure to use all of the helpful tips and advice listed above. Use multi-purpose furniture to save space and add storage, incorporate live plants into the design to add some touches of nature, make your entryway a warm and welcoming place, and personalize the apartment to truly make it your own. 

For more helpful topics similar to this one and to find property available near you, visit here on a daily basis. 

Author: Steffy Alen

How Technology Will Change the Role of Real Estate Post-Pandemic

Technology continues to be the major initiator for change in all business areas, and the real estate market is no exception. The need for change intensified in the wake of the pandemic, which has profoundly shifted the way many real estate firms operate.

Today, the investors in real estate are continuously focusing on the intersection between people and their built environments. Below are different ways how technology will change the role of real estate post-pandemic.

Greater operational efficiencies

With the growth of the ecommerce industry, there is a continued rise in the demand for warehouses in different states. Many business people are looking forward to having shops online and storing their goods in warehouses where they can pick them for delivery. On the other hand, the consumers are expecting faster delivery and the logistics industry needs to streamline its operations more effectively to ensure that they provide flexible solutions.

Real estate firms are working hard to ensure collaborations with the customers to the employees, and the brand partnerships are made easy. Different innovations in commercial real estate are increasingly taking shape after being optimized for better performance. Real estate firms are looking forward to adopting multifunctional space in their buildings.

As many companies have adopted remote working methodology, real estate developers must ensure that the interior spaces include aesthetic yet highly functional for the work environment.

Community for residential rentals

The pandemic has left millions of people isolated and lonely, which means a looming mental healthcare crisis in communities. It is expected that the community will gain more importance in residential rental space than other business-related aspects. A lot of technology will be invested in designing community-based apartments to cater to house shortages.

In the construction of the new houses, proximity to work and home will highly be considered in future. Or places with a highly developed network will be considered for setting the residential rentals. There were cases where people are offering essential services were locked from entering into the other states as they lived far away from the company’s premises.

Today, people are valuing their quality of life and time more than any other aspect of life. Having residential real estate close to offices, especially in a walkable community, is more appealing as it minimizes the cost of traveling and other related expenses.

Conversion of the unused spaces

The pandemic has greatly led to decreased demand for offices as most companies switched to working from home. So, there was no need to pay for an office that was not beneficial to the company.

Many hotels and office buildings have been empty for more than a year in many states, and if nothing is done, these properties may never recover. There are plans underway to convert some of the now-empty spaces into apartment buildings to reduce house shortages and properly use their property.

In the conversion process in the development world, top-to-bottom makeovers might take some years depending on the government regulations and the amount of capital needed for the conversion processes.

It’s because most of the real estate firms made huge losses during the pandemic and the owners of the houses have to think twice about the reinvention process. In addition, space and safety might also complicate some of the conversion procedures.

Environmentally-friendly construction

With many people staying at home and rarely having time to travel to the other states, the cost of utility bills is not limited to energy consumption raised drastically. Many people complained of the rising cost of the electricity bills in different states as they had to use more often than they had done it before. It’s now expected that the new houses will fit with quality energy-efficient appliances. 

Integration of smart grid appliances like refrigerators in the houses is expected to rise as it’s becoming a new standard in the high-end developments. The appliances are designed to use the least possible energy, and it’s advantageous to both the owner and the environment.

In addition, there is a high probability that the future real estate buildings will be constructed mainly with green insulation and bridgeable materials to reduce the construction industry’s carbon footprint.

Automation for managing repetitive tasks

There are a lot of repetitive tasks that have to be done in real estate management. As many people were shifting their properties to other affordable states, it became key for the landlords, realtors and property management to keep signing the same documents more often than before. With this type of data, it becomes very difficult for you to store it and make insightful decisions when planning how to better the real estate.

Also, the process is time-consuming and very inefficient. It’s expected that the real estate firms will invest in tech solutions designed to help handle repetitive tasks more efficiently without risking the lives of their clients. The available variety of software options out the tee for the real estate include; appointment software, marketing management and the real estate portfolio.

Smart home technology

Residential real estate is expected to change for the better thanks to the smart home technologies that are being introduced. Different apartments are now being built with inbuilt security systems, televisions, thermostats, and speaker systems. As the pandemic ravaged different states, people were busy looking for better homes where they could stay with minimal disruptions.

With the advanced technology, it is expected that more smart home applications will be integrated when building houses to ensure that the clients have comfortable lives during their stay at the apartments.

Cloud Integration

Cloud technology has grown recently to becoming one of the most significant advancements in the field of technology. Today, the application of cloud services has been spread globally, with people opting to use it for different purposes. Real estate firms can, in the future, implement the landing and closing of their property and store all the information on the cloud.

Cloud integration will help to ensure that the real estate firms’ data won’t get into unauthorized hands or any illegal access. With cloud integration, real estate managers can carry out their activities without traveling to the place where the apartments are located. It’s expected that there will be more remote closings and an increase in electronic document signing. Cloud technology will make it easier for real estate developers to carry out their activities with ease.

Conclusion

The advancing technology is set to affect the role of real estate in the post-pandemic in the above ways. How the real estate firms respond to the challenges they faced during the pandemic will determine how efficient they will be in managing future real estate properties. 

Author Bio:

Charlie Svensson is a fast, engaging freelance writer who works for AssignmentHolic, which is regarding as one of the best essay and dissertation services. His job is to provide writing and research assignment help to students. He’s interested in topics like education, university life, education technology, internet marketing and personal growth. He has excellent skills to write amazing content and woo his audience.

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Real Estate Exam Prep: 5 Tips and Tricks to Help You Pass

Were you aware that being a real estate agent is one of the best careers?

Many people aspire to become real estate agents because the job comes with a plethora of benefits. Not only can you earn a lot of money, but you’ll also have more time to do other things.

Before you can become one, you must pass a real estate exam that ensures you know how to complete tasks and serve clients. To help you with real estate exam prep, we’ll cover all the main info you should know.

Here are 7 tips and tricks to help you pass your real estate license exam!

1. Search for Practice Exams

When it comes to passing a real estate agent exam, one of the best things you can do is search online for practice exams. Many people do this in school for other kinds of tests, so you won’t have a problem finding sites that offer them for upcoming real estate agents.

When taking a real estate practice exam, you’ll get a better idea of what to expect from the real thing. This will not only help you prepare your answers, but it’ll ensure you can go in with a clear mind.

2. Take Care of the Easiest Questions

Whenever you start a real estate exam, glance over it and look for questions that you’re certain you know the answers to. Take care of these questions first so you can spend more time focusing on the harder questions.

While many people choose to save the easiest questions for last, doing them first lets you have more “weight” if you don’t finish the exam. For example, if you only manage to complete 5 hard questions but haven’t done 20 easy questions, you’ll fail the exam.

3. Study Effectively

Another thing you should do is ensure you’re studying effectively. Determining what’s effective for you will vary depending on what you like. Some people prefer to study in silence whereas others listen to music. Find a method that makes you comfortable and able to focus on the material.

One thing you can do is separate yourself from your phone to avoid looking at it. Consider placing it in another room so you don’t subconsciously think about it. You should also ensure it’s silenced to prevent getting interrupted.

When studying, avoid trying to learn a plethora of material at once. Instead, take things one at a time so you’re able to process and retain the information. You’ll then have an easier time referencing it when taking the real estate exam.

4. Research the Market

Taking a real estate course often involves learning about the basics of real estate. However, you can take things further and research your local market. This is especially beneficial to anyone that wants to become an agent in NY and other large cities.

Your real estate exam may include info about your local housing market, so it won’t hurt to research the latest trends. This will also help you create realistic expectations when you pass the exam and become a licensed real estate agent.

5. Learn About the Requirements

The requirements to become a real estate agent vary depending on where you live. Some places may require nothing more than passing an exam whereas others require extensive courses. Because of this, it’s best to research your local requirements to find out whether you need to do something else after the exam.

Having peace of mind will make it much easier to concentrate on your exam, so try to get this info long before you take it. You’ll also know whether to study about something else before taking the initial real estate license exam. 

6. Don’t Aim to Be Perfect

Many students find themselves struggling with exams because they try to get a perfect score. However, getting a perfect score requires knowing everything that’ll be on the exam, which is much harder than know enough to pass.

When you pass a real estate agent exam, you can become a licensed agent. Getting a perfect score doesn’t provide you with any other benefits, so don’t stress yourself out if you’re having a hard time understanding a concept.

Learn as much as you can while using effective studying practices. From there, you shouldn’t have a problem getting a passing score.

7. Seek Guidance

The last thing you can do is seek guidance if you still aren’t feeling confident. When doing this, you can look for other licensed real estate agents to have them help you with different concepts. Depending on where you’re taking your course, they may offer on-site tutors that can also help.

Seeking guidance doesn’t have to be a last-minute thing. You can get assistance as you’re going through a course and studying for the exam. If help is still needed, you can ask for more assistance when the exam is coming up to help you refresh your mind.

Start Using These Real Estate Exam Prep Tips

After reading this article, you now know what some of the main strategies are that people use for real estate exam prep. With this information, you shouldn’t have a problem getting a solid understanding of your real estate materials to pass the exam.

Consider starting with practice exams before doing anything else. As you go through several, note the things that you don’t understand so you can spend more time studying them. Everything else will fall into place as you follow these tips.

To learn more about real estate agent exam advice, check out our other articles!

Author: Steffy Alen

5 Renovations That Are Cheaper in the Autumn

As we welcome the Autumn season, it’s time to get down to work and start those home renovation projects that you have been thinking about for the last few months. While home renovations can be time-consuming, expensive, and tiring, they will pay off in the long run. So, what home renovations have you been thinking of engaging in this season? Autumn is the best season for home renovations and maintenance because the cold and gloomy season is on its way. In this post, we are going to discuss the five renovations that you can do this season without spending a lot of money on time. Let’s get started!

1.      Clean the roof gutters and pipes

Since the leaves will start falling, there is no valid excuse that will prevent you from cleaning the gutters. Gutters need to be cleaned at least twice a year. This is especially true if you have trees around your house. Cleaning the gutters and pipes can save you thousands of dollars in the long run.

Leaves prevent water from flowing through the gutters and pipes. And stagnant water can lead to the rotting of pipes severely. Before cleaning your gutters, you need to walk around your house especially during or after a rainy day to check for blockages and leaks. Doing this will help you get an idea of the cost that you’ll incur.

To clean your gutters and pipes, all you have to do is set up a wheelbarrow below and climb up a ladder with a garden trawl to remove the muck and grime. Use a trowel to push and scope the leaves away from the downpipe. You should also consider raking your roof so that the next downpour doesn’t carry the debris into your cleaned gutters. Ensure that your ladder is steady because a fall can lead to serious injuries.

After scoping all the dirt, flush the gutters with clean water and see how water flows through the downpipe. If there is no free flow, get back to the ground and use a twisted wire to pull the debris down. If your house is surrounded by trees, you should consider investing in a stainless steel mesh to guard your gutters.

2.      Fix or replace and paint your fence

Have you ever argued with your neighbors because of the shared fences? The Victoria Fence Act of 1968 clearly states that neighbors are equally responsible for the construction and maintenance of fences. If you want to replace the existing fence and your neighbor is unwilling to incur these costs, you shall do it at your own cost as long as the existing fence is good enough.

If the existing fence is not good enough, meaning it’s incomplete, broken, or doesn’t provide the boundary or security that a fence should, then you and your neighbor should replace it at a joint cost. You need to communicate with your neighbor about any plans that you have regarding the fence to avoid conflicts. If the fence needs to be fixed or replaced, you should discuss:

  • The amount both of you plan on spending
  • The materials to be used e.g. wire, stone, wood, plants, or brick
  • The new height
  • Date of removal of old fence and construction of the new fence
  • Who gets which side of the fence

3.      Repaint or render your home’s exterior

If your home’s exterior looks old and tired, the easiest and quickest way to modernize and change the looks of your property is by rendering it. Rendering involves filling the gaps between bricks to give your home a textured or smooth finish. You can also consider attaching stucco to your home’s exterior to improve its looks.

Bagging is another DIY technique that you should consider using. Bagging won’t give your home a uniform look. However, it might end up suiting the design of your home. If you are thinking of selling your home in the future, you should spend more time renovating the exterior of your house since it gives buyers the first impression of your house.

4.      Remodel the interior of your home

Do you have that wall in your home that creates a funny separation in the living area? Or do you want an open plan kitchen-dining area instead of three separate rooms? Eliminating the wall can make your house more spacious. However, there are some crucial steps that you need to take before doing away with the walls.

First, initiate contact with the local council to obtain your home’s plan if you don’t have them. The builder has to look at these documents to determine whether the wall has electrics. After lodging the necessary permits, the council will need to approve them before you start the construction process. Depending on the type of wall, there might be some expertise needed to remove it. And in most cases, it will need to be lifted. These steps might sound complicated, however, don’t let them put you off. This process will not only improve the function of your home but also its value.

5.      Upgrade the kitchen or bathroom

Nothing is more attractive in a house than a clean bathroom and a modern kitchen. While these are some of the cheapest areas to renovate, they can also be quite expensive depending on the amount of work or resources that are needed. If the walls need to be moved, piping needs to be changed or appliances need to be updated, you should expect to spend more than ten thousand dollars.

However, if you are just upgrading accessories, taps, towel rails, or kitchen mixers, you shouldn’t expect to spend much especially if you are shopping at the right place. This doesn’t mean that you should sacrifice quality to save costs. You should consider buying items at online stores that offer discounts.

Bonus tip: Clean and reseal the deck

As the rays of the sun hit your deck, it will start fading. Once the grain gets washed out, your deck will look tired and worn. You should dedicate a few minutes every day to giving your deck tender care. Before you start the re-staining process, you need to clean your deck thoroughly. One of the best ways to clean your deck is by using Napisan. It contains active ingredients that are used to clean wood. Once your deck has been scrubbed, you should consider using a wood brightener which is usually in form of a spray. There’s no better way to apply a stain than using a good paintbrush.

Conclusion

These are some of the cheapest home renovations that you should consider doing in autumn. What are you going to start doing today to transform the looks of your house?

Author Bio:

Charlie Svensson is fast, engaging freelance writer at Paperwritingpro, superiorpapers.com and cv writing service. Skilled in content writing and blogging. The favorite topics of his posts are education, social media, marketing, SEO, motivation blogging and self-growth. Excellent adaptability of skills to reach diverse audiences.

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10 Predictions for Innovation in Commercial Real Estate

The government implements COVID-19 containment measures that shuttered offices and businesses and affected the demand for commercial real estate. The pandemic also blurred the industry outlook companies implemented work-from-home initiatives. A recent IMF analysis discovered that these trends could cause a disruption in the market and possibly threaten financial stability.

The Relationship to Financial Stability

The commercial real estate sector can potentially affect broader financial stability because price movements reflect the expansive macro-financial picture. Moreover, it depends heavily on debt funding. Loans comprise a considerable portion of banks’ lending portfolios, and in some cases, nonbank financial intermediaries also play a role. 

An adverse shock to commercial real estate can decrease its prices and affect the credit quality of borrowers and the balance sheets of lenders. Falling prices have their risk of price misalignments. Commercial real estate prices can deviate from economic fundamentals can magnify the dangers of future growth. For example, a drop of 50 basis points in the capitalization rate can increase the downside risks to GDP growth by 1.4% in the short term and 2.5% in the medium term.

The Damage Caused by COVID-19

Increased price misalignments are an evident effect of the pandemic, and it comes from the sharp drop in operating revenues and overall demand. However, they can diminish as the economy starts gaining momentum. The possible structural changes in the market will prove to be challenging to the sector. For instance, an increase of 5% in the vacancy rates can result in a 15% drop in fair values after five years.

The Role of Policymakers in Offsetting Financial Stability Risks

Nonfinancial firms get help in accessing credit through low rates to help in the commercial real estate recovery. However, the uncomplicated financial conditions entice risk-taking and add to the pricing misalignments. Policymakers can use their macro-prudential policy toolkit to restrict the debt service coverage and loan-to-value ratios to address the vulnerabilities.

Moreover, policymakers can broaden the reach of this policy by covering nonbanking financial institutions. Lastly, ensuring the strength of the banking sector and performing stress testing can help decision-makers setting aside adequate capital for commercial real estate exposures.

Ten Ways Innovation Will Affect the Commercial Real Estate Post-Pandemic

COVID-19 has wreaked havoc on everyone, and one of its most affected industries is commercial real estate. As businesses shut down and others work remotely, only a few stores remain open. New ventures are hard to come by, and demand for purchase or lease of commercial buildings is low. However, as many people know, these effects are only temporary.

With the world slowly returning to normal, employees return to work, and stores begin to open. Commercial real estate is abuzz, and with this development, innovation is now awash with possibilities. Here are ten ways how the industry will respond to the global pandemic effects:

1.    Heightened Demand for Multifunctional Spaces

The pandemic increased the number of people working from home. As companies become open to employees doing virtual work, developers must include aesthetic and functional pockets in interior spaces conducive to work. Privacy, advanced digital capabilities, and adaptability of rooms for recreational use during non-working hours will determine the new home office.

2.    Increased Need for Sustainable Buildings

Buildings add about 40% of global carbon dioxide emissions; therefore, real estate leaders must spend on healthier materials and energy-saving designs. As governments implement stricter regulations about sustainability, properties that do not focus on it will lose value because no one will occupy them. They become uninsurable and obsolete too.

3.    Changing Definitions for Real Estate

The merging of residential and commercial real estate will force the industry to create a more specific definition of commercial. The merging of working, playing, and living spaces, together with the ways to own and invest, will require inventive and iterative meanings to account for the changing operations of economic progress and the future of living.

4.    Focusing on Nearness to Home and Work

 Community development requires the building of more spaces for living, playing, and working. More and more people value their time and quality of life. Proximity to play and work areas are now more appealing to reduce expenses and travel time.

5.    Transforming Unused Office Spaces

Because of the considerable decrease in office space demand because of the digital economy and work-from-home initiatives, underutilized commercial spaces will become condominiums.

6.    Soaring Real Estate Automation

Artificial Intelligence (AI) will reduce operating expenses at the corporate and property levels. The commercial broker and appraiser will have a reduced rule over time because of the automation of most activities.

7.    Rising Demand for Technology Solutions

Legal tech will automate and centralize case management because of the volume of transactions. The industry can use AI to predict foreclosure timelines for more efficiency.

8.    Modernizing Housing Developments

Because of work-from-home initiatives due to COVID-19, housing design will experience the most significant innovations. Owners and developers will rethink their house layouts. Much of the time spent in the residence will be in the at-home office.

9.    Integrating Data with Relational Information

Access to real estate knowledge, data, and information will improve due to technology. Real estate professionals control the integration of this access with appropriate relationships and experience, but they must always focus on relationships.

10. Increasing Number of Portals for Commercial Real Estate

More property portals will pop up because they have to reach more clients across markets. Companies will cooperate to serve the needs of prospects and owners.

Final Thoughts

The COVID-19 pandemic has wreaked havoc on all industries, but the commercial real estate sector is one of the most heavily affected areas. This large sector can cause financial stability risks that policymakers can reduce by using their macro-prudential policy toolkit. 

Aside from the damages, the pandemic is also a way to implement many innovative ways to help the commercial real estate sector:

  • Increased demand for multifunctional areas
  • Heightened requirement for sustainable structures
  • Evolving definitions for commercial real estate
  • Concentrating on proximity to work and home
  • Revamping unused office spaces
  • Increasing real estate automation
  • Spiraling demand for technology
  • Improving housing developments
  • Merging data with relational information
  • A growing number of portals for commercial real estate

These ten predictions for innovation can help the commercial real estate sector to get up on its feet again post-pandemic. The eagerness and willingness of everyone involved can make these forecasts become a reality soon.

About the Author

Charlie Svensson is a fast-rising and charming freelance writer for writing services australia. He uses his excellent skills in blogging and content writing while actively providing proofreading services UK. Charlie loves to write about social media, SEO, self-growth, education, marketing, and motivation blogging. As an assignment help writer, he can quickly adapt his skills to engage his diverse audiences.

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