Best Places to live in Ireland outside of Dublin

Many people dream of living in Ireland: with its gorgeous countryside views and culture-rich cities, there’s not much to dislike. The biggest and most famous city in the country is the capital city of Dublin, famous for its pubs, diverse community, and unique culture. However, Dublin is also by far the most expensive place to live in Ireland. If you’re looking to move to the Emerald Isle and would like to save some money while doing so, here are some great areas outside of the capital to consider.

Galway

Located on the River Corrib next to the Atlantic Ocean, anyone who visits Galway will fall in love with it. Considered the cultural center of Ireland, this coastal town has a lot to offer at a fraction of the price of living in Dublin. Rental prices are 50-80 percent cheaper than in Dublin, and Galway still has a lot to offer culturally, with festivals throughout the year and many culinary options. In fact, Galway is so culturally rich that it was named the European capital of culture in …

Read More

Pros and cons of a variable rate mortgage

A variable rate mortgage is a mortgage in which the interest rate on the outstanding balance changes periodically. Typically, these loans will have fixed, or “teaser” interest rates for a specified amount of time, after which the interest rate will change based on a variety of factors. In most cases, the initial interest rate on a variable rate loan will be lower than a fixed rate, which can be appealing for homebuyers. But it is important to be aware of the pros and cons before jumping into a variable rate loan.

Pros

Flexibility

The number one advantage of a variable rate mortgage is flexibility. With a variable rate mortgage, you don’t need to worry about penalties for things like increasing your monthly payment, or paying off your mortgage early. You also have the ability to make lump-sum payments on your mortgage throughout the year, which can be very helpful for home buyers with a fluctuating income affected by bonuses or commissions. If your life is likely to change relatively soon, and you plan on eventually moving or selling the house, …

Read More

How to win a bidding war on a house

So, you’ve found your perfect home. The only problem is that the home that is perfect for you also happens to be perfect for several other buyers. In markets with high demand and low inventory, also known as seller’s markets, bidding wars can be quite commonplace. And because of already increasing demand, combined with a year-long halt in construction due to the pandemic, Ireland is in a seller’s market right now. This means that many houses will have multiple buyers attracted to the property, which can hurt your chances of securing the home of your dreams. In this blog, we’ll consider some strategies to ensure you walk away with your dream home

Make the highest offer

The most obvious way to win a bidding war is to simply make the highest offer.  Because the seller is usually trying to make as much money as possible, the highest offer usually holds a lot of weight. So, if you can scrape together some extra cash to outbid the competition, you will most likely be the top choice of the seller. However, under …

Read More

3 Economic Ways to Revive Your Outdoor Space

 

A few individuals in Ireland have the luxury of enjoying their property’s outdoor space. Therefore, if you have enough outdoor space, you need to ensure that it is both comfortable and aesthetically pleasing. This space will encourage you to spend more time outside while enabling you to make use of the space that you have at your disposal. This article shares 3 cheat but useflu ways that you can use to revive your outdoor space. 

Grow some plants

To revive your outdoor space, the best and easiest thing you can do is growing plants, even if they are potted. To grow these plants, you need to undertake a research of the varieties of plants that grow well in your area. This is the best way to ensure that the plants can grow and thrive with your region’s climate. Apart from potted plants you can place on the ground, you could also hand plants in baskets and pots which may revive your outdoor space. The plants can also act as a partition for your outdoor space and can define the …

Read More

4 Economic Ways to Secure your Home

 

 

With COVID-19 still part of our daily life, people in Ireland are spending a lot of time at home. Because of the stay-at-home recommendations, many people are suddenly trying to find new ways of securing their homes. As compared to the past, smart home technology and artificial intelligence are changing the home security market. Regardless of the fancy models in currently in the market, there are some affordable and easy ways to secure your home. 

Secure your doors

Close to 40 percent of burglars enter a home through the front door. Because of this reason, always ensure that your exterior doors are properly inspected to know whether the hinges are protected or if the frames are strong enough. If the home you move to was occupied by someone else before, ensure that you change the locks so that any key previously used can be rendered useless. Lastly, you could install deadbolts, use a video doorbell, install smart locks or add a strike plate.

Lock the Windows

Windows are also entry points which can allow burglars gain access to …

Read More

What you Need to Know About Getting a Mortgage while on a Contract

 

Contractors account for 8% of all workers in Ireland, according to various sources. The appeal is understandable: you have more freedom in terms of what jobs you take on, your hours are much more fluid, and you may be able to accumulate more income which is dictated by the field you engage in.

If you’re a contractor seeking to purchase a home, you might be wondering if you’ll be able to get a loan. The quick answer is yes, however obtaining a loan may be more difficult. You may not even have regular and constant pay stubs to demonstrate evidence of stable income, unlike a normal wage job. It might be difficult to track your pay when you work on a contractual basis, making it more difficult to explain your financial status to your creditor.

 Know your budget.

You must first determine your budget before beginning the mortgage application procedure. In order for to do that, y You’ll need to consider how much of an investment you can manage as well as your repayment ability. When determining how much you …

Read More

What is the Local Property Tax of 2022?

 

Local Property Tax is a self-assessed tax based on your property’s market value. Until recently, all Local Property Tax costs have been calculated using the prior property assessment date.

The next property valuation date is 1st November 2021, according to the most recent revisions to LPT released in June 2021. For the 2022 Local Property Tax charges, property owners must submit a revised self-assessed valuation of their property based on the new assessment date of 1st November 2021.

 If you sell your home after 1st November 2021, you will be responsible for the Local Property Tax in 2022.

Housing prices will be reassessed every 4 years under the current LPT system, and new properties will be added to the system every November.

Local Property Tax is payable by all holders of residential land, including rental homes. As a result of the current LPT system, first-time purchasers and new houses purchased since 2013—which were previously free from LPT—will be responsible beginning 1st November 2021.

The following is a list of individuals that are liable for Local Property Tax:

Individuals with a …

Read More

What you Need to Know About Getting a Mortgage while on a Contract

 

Contractors account for 8% of all workers in Ireland, according to various sources. The appeal is understandable: you have more freedom in terms of what jobs you take on, your hours are much more fluid, and you may be able to accumulate more income which is dictated by the field you engage in.

If you’re a contractor seeking to purchase a home, you might be wondering if you’ll be able to get a loan. The quick answer is yes, however obtaining a loan may be more difficult. You may not even have regular and constant pay stubs to demonstrate evidence of stable income, unlike a normal wage job. It might be difficult to track your pay when you work on a contractual basis, making it more difficult to explain your financial status to your creditor.

 Know your budget.

You must first determine your budget before beginning the mortgage application procedure. In order for to do that, y You’ll need to consider how much of an investment you can manage as well as your repayment ability. When determining how much you …

Read More

All you Need to Know about a Credit Score in Ireland

 

Having a good knowledge about your credit score and the contents of your credit report is very important since you are able to clearly understand the factors that may impact your score when getting a mortgage to buy a home. With the report, you get an overview of the things you are doing right and the parts you should change so that you can increase your credit score. 

Factors that determine your credit score

Your credit including a mortgage, car loans, store credit cards, and a mortgage affect your credit score. Additionally, the credit that you are using affects your score. In this case too much use of the available credit reduces your credit score. The third factor is late repayment since it stays in the report for a lot of time. Sometimes there can be some error in the credit report but this can be fixed within a day. Therefore, before going to a lender for a mortgage, you need to ensure that the report is up to date. If you discover an error, file a dispute with …

Read More

5 Stress-Free Ways to Save for a Property’s Down Payment

 

The Purchase of your first home is perhaps one of the biggest financial steps you will ever make in life. The process of saving for a down payment may seem to be a daunting task, However, it is not an impossible task. These are 4 simple way you could save for a do

Set aside a small amount of money in your savings account

With some time and planning , setting aside a small amount of money and placing it in a savings account  every month can be an amazingly compelling approach to easily get a down payment in future. According to a recent Irish study, it’s the most widely recognized way home buyers put something aside for their down payment. 

Without a doubt, using traditional methods to save for your down payment takes a lot of time. If you want to buy a property really fast, long term savings cannot be a viable option. As the markets in Ireland change, the prices of homes can dramatically increase and lead to a rise in minimum down payment. These …

Read More