Searching for the right apartment that suits all your needs is both interesting and tiring. Whenever you visit a house, so many questions run on your mind but you will not be satisfied unless you find a “home” for yourself.So here are the few criteria’s that the investors must keep in mind when you hunt for your apartment as told by DC Fawcett Reviews .
Neighborhood and location
Neighborhood plays a major role, as one would like to have all the basic facilities like school, supermarket nearby your home. Keep in mind that commutation should be easier as travelling far everyday without any transport facility to your work place is not a good idea. Choose a location that is safe and pleasant, talk with the people who have already moved in to get to know more about the location, landlord and the neighborhood.
Home inspection is an important aspect to be practiced by the buyer before moving into an apartment to look for the flooring, ceiling, closet and cupboard are in perfect condition as well as ensure that the apartment has all the safety concerns. Enquire about having a pet is allowed or not before moving in.
After the inspection, if you feel it is the right apartment, then it is the right time to think about the budget. It is good when it fits into budget if all utilities are provided with the rental payment. Spending for utilities separately other than your rent which will exceed your budget is not a good option and you need to think twice before investing on it.
If you find any clause in the agreement misleading or ambiguous, make sure you clear with the seller before you sign the agreement.
Allocate some amount exclusively for moving cost and unexpected expenses that may arise while shifting to a new apartment.
It is better to reject few apartments online itself that is not suiting your needs, so that you can save time as it is time consuming to visit every apartment you come across in the site.
In case you have visited many apartments, you may feel confused about the details, terms etc, it is good if you maintain all information in a notebook or spreadsheet.
In case you hire a reliable real estate agent, he would have access to all the rental apartments and can take you for home inspection as most of the landlords are busy. If you are on your own, you need to contact the seller every time to fix up appointment every time.
During apartment hunting, there are many scams that you may encounter,
- Rental scam: This is a common scam that you may face during an apartment hunting, the scammer pretend to be a landlord and collect all the rent, fees,security deposit from you and disappear. Do not send any cash without meeting the landlord.
DC Fawcett Real Estate Tips On Apartment Deals
Searching for an apartment is not an easy task; it can be exciting as well as exhausting. DC Fawcett Real Estate says that Lowest vacancy rate is again a depressing situation, where buyers had to search for apartments more vigorously through various mediums property portals.
DC Fawcett reviews on how to find an apartment
New constructions offer a price that you cannot expect for age old properties. The negotiation can be as high as possible with the owners and property managers.
For every area, there would be an apartment locator to guide you with the price, you can approach them every day or weekly to know about the price.
If you are a bachelor/bachelorette then you can even share your apartment so that you can pay less, your share will be minimum when compared to renting an entire apartment for yourself.
When you find a home in a fantastic location but price is exorbitantly high which is unaffordable for you, then find out the surrounding area. There can be properties with an affordable price with your preferences.
When you opt for a lease for 6 months, there are chances of getting discount on the price from your landlord, so instead of taking 12months lease; try this way.
When you refer a friend and he/she buys the apartment, then you can get some commission out of it.
Each apartment provides with different amenities, like some may provide Wi-Fi etc, others may not. So opt for the one where amenities are given free or of less cost when compared with other apartment.
You can put a word to your colleague or friend that you are seeking an apartment, so if they come to know about any apartment, they can let you know. Sometimes even if your friend’s apartment has any vacant apartment you can try out.
These are generally low priced than multifamily homes.
What are the documents needed when you purchase an apartment?
- Rental application form
- Credit report
- Reference letter from your landlord
- Lease agreement
- Employment verification
Advantages of renting
- Ability to use leverages i.e. you can pay a portion of the total value from the borrowed funds.
- Tax –free
Disadvantages of renting option
You cannot use the rental apartment with absolute freedom. Maintenance is the key factor which will become stress at one point of time.
You are bound to unexpected expenses when you rent an apartment. Sometimes the landlord expects you to bear the expenses.
To overcome these drawbacks, expect a reasonable price for your property so you may get tenants as soon as someone vacates.
Rental scam: This is prevalent in real estate where buyers would be shown with an apartment by a real estate agent who is actually a scammer. The buyer unaware of the scam gives out all their personal information as well as deposits some amount which would be used by the scammer.
To prevent from scam and to know more about apartment deals, visit DC Fawcett virtual real estate investing club where blogs are written for investors.
DC Fawcett Real Estate-Overview On Micro Apartments
DC Fawcett Real Estate reviews will give you an idea how to adapt yourself to live in a small space, pros and cons of micro apartment lifestyle.
From the micro, you can guess it’s all about size and space of an apartment we are going to talk about. Millennials prefer to live in a micro apartment so that maintaining the house is easy.
Not all apartments are of same square foot, you can choose a micro apartment with better area that fits you or family in it. These apartments are usually 250-400 sq.ft where you can fit a king size bed, washer and dryer and kitchen utilities.
- The rent will be less, so the investors who are having a mindset of saving money will prefer micro apartments. Obviously you will be saving lot of energy with less electricity usage.
- Less stuff so when you move out, it is easier to shift.
- Getting a chance to live in a great city environment.
- Youngsters, nuclear families can co-exist with this lifestyle.
- If you find your apartment is too small, then you can fix windows where there is broad day light which would actually enhance the size of the house. Fix it where you get perfect window view.
- High ceilings elevate your apartment and eliminate the cramped effect.
- If you feel it’s too small, then make a balcony or patio so that you feel calm and use the space for relaxation and recreation.
- Pastel colors will suit your apartment and design your house that matches these light shades. Cabinet, flooring, furniture and kitchenware are some important things to be purchased that should match these shades.
- Can be used a studio or for work where less space is enough to accommodate all employees.
- People, who like to be a part of community activities and like a contemporary finish, enroll your name to buy a micro apartment and enjoy this lifestyle.
- Eliminates work from home life, people would like to explore by going out.
- With the incredible amount of savings, you can buy a large apartment, luxurious things in future.
Look for the listing on MLS, Scam may happen when you find a property from an unknown site which aren’t authentic where scammers pretend themselves as agents.
DC Fawcett Real Estate complaints on micro apartment lifestyle :
Is that living in micro space affects health, many health reports states that people are stressed. It limits movement as well many are affected by claustrophobia as they live in a closed space. Those who aren’t willing to coordinate, mingle, share things cannot survive in this lifestyle as it requires all those qualities owing to less space. The privacy is disturbed as you live close together with your friends or family members. Too many micro apartments can affect a community lifestyle and causes irritation. The exclusivity fades when there are more in number. Not suited for large families and for those who have pets. Resale value may be not that great and less number of people would prefer to buy.
DC Fawcett Real Estate Methods Of Using Internet To Sell Your Home
he role of internet is very significant in selling and buying homes, it is an authentic way to search listing online and conducting virtual tours. The era is rightly named as “information age” where you get information with just a click of your mouse. The industry growth has been measured with the evolution of computers. Likewise, real estate is growing and reaching heights with the use of internet. Gone are those days, where properties can be found only on magazines and newspapers in rental column.
The new ways of promotion, advertising is creating buzz in real estate, DC Fawcett reviews discusses about the methods of using internet effectively to sell your home quickly.
The positive influence of internet has opened the doors for new investors where they are trying their hands on virtual wholesaling, whereas the negative influence has led to scams and its effect is prevalent in banking, financial sectors and real estate. To prevent from such happenings, make use of DC Fawcett virtual real estate investing club.His webinars, podcasts are helping out so many investors who are new to this field. Blending traditional marketing strategies with digital technology is the new way of marketing.
The advertising campaign is much effective after the introduction of internet. The recent surveys and statistics proved that internet marketing is alone to sell and buy homes. MLS, real estate portals are few ways used for online advertising.
Effective internet marketing strategies to sell your home quick where you can post your listing apart from MLS
Forums – many online forums are active where investors communicate their ideas. Find active online rental forums
Websites where people post about the properties for sale etc. exclusive for real estate
Blogs – bloggers are gradually increasing, many share their experience like their first home buying or home selling process, how home inspection should be, scams they faced. These are actually eye openers for many new investors.
Direct mail campaign, Newsletters, Postcards – common ways to generate leads
You can hire a real estate agent who is proficient in online marketing strategies to increase your chances of home selling. Some may have knowledge on SEO, pay per click advertising, these people know to advertise better. These agents should not just leave after posting the ad, they must follow up, track the buyers who have showed interest. Mere posts will not fetch any results. Time, money and effort are the 3 things only required. Sign a contract with these agents as many are scammers, pretending to be agents and check for their license.
People who are away from internet world still prefer the age old methods and also look for rental ads in newspapers and magazines, so traditional methods are still in use. The future looks like these traditional methods will become extinct as many have switched to digital format.
After online marketing, it is always recommended to meet the person face-to-face before buying the property for home inspection.
Dc Fawcett, the real estate wizard has started a club for investors called virtual real estate investing club where several blogs are written about real estate marketing strategies. Virtual wholesaling has been a wonderful invention for new investors to do real estate without cash.
These are some of the dangers lurking in the real estate profession as reviewed by Dc Fawcett. For tips on how to encounter them and safeguard against them, read Fawcett’s article on tips to safeguard against real estate dangers.