Is real estate the road to financial freedom in Ireland?

 

Real estate in Ireland is currently one of the most lucrative and secure business ventures.  The answer is yes, with the real estate sector being among the few sectors unaffected by the covid-19 pandemic. Real estate is the road to financial freedom in Ireland. Real estate as the road to financial freedom can be looked at in two dimensions: a tenant’s and an estate owner’s perspective.

First, let’s look at this from an estate owner’s direction. Renting houses in Ireland is getting more and more expensive by the days. The average price of renting a home in Ireland today is 30% higher than in 2018. This means that the Irish people in real estate are making a 30% increase in profits made from their investments. This is a lucrative business for the Irish people. Financial freedom might come with real estate in Ireland as it proves to be a venture that is unaffected even when the economy is adversely affected. In 2020, many Irish people lost their jobs to the pandemic, and the Irish economy went adversely affected. There …

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Backyard Renovation That Will Add Value to Home

 

When homeowners think of renovating their homes, one of the areas that take the most time and money is inside the house. Although indoors is vital, including backyard renovation on their to-do list will significantly increase the home’s value. A pleasant garden usually means using the outdoor areas to expand the living rooms, kitchens, and dining rooms for many homebuyers. In recent years, research shows that homeowners are investing more in renovating their homes to increase their home value, and the backyard is one of them because it not only increases the value but also helps homeowners recoup some of the costs used in renovating the house when they plan to sell the house. Here are some backyard renovations that can help to add value to the home: –

Outdoor Kitchen. This feature can make your home more desirable and increase in value. Moreover, the exterior kitchen makes entertaining a breeze and creates a luxury that many people dream of having. It also provides an exciting atmosphere that will improve your experience in the open air. Outdoor Seating Area. …

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Smart Home Technology and Three Gadgets Worth Having

 

A smart home is a place where connected devices either by Bluetooth or the internet are used to remotely manage and monitor appliances and systems, such as cooking, lighting, and heating. With technological advancements, many cool gadgets now adorn every home, changing people’s lifestyles by allowing homeowners to control intelligent apps for safety, comfort, convenience, and energy efficiency, often using the smart home app on their smartphones or other networked devices. Moreover, the gadgets aren’t just cool; they also provide quick solutions to common problems as it helps people minimize effort and space is saved thanks to the simple design and enhanced functions.

The best smart home devices automate homes, and homeowners can turn on or off electrical appliances, light up, close their doors, and even play a favorite radio station with a tap or even pronounce a phase. One imperative thing to note is that to ensure that different components can communicate, one has to make unquestionable that any smart home device they purchase is compatible with anything they own. In many smart home tech products, here are …

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Five Ways to Organize Your House

 

Finding ways to improve and manage your home is the goal of home organization, and it does more than making it run more smoothly and cleanly. The organization’s goal is to make managing your home more accessible to spend more time living and enjoying life. When thinking of organizing a house, time, space, money, and effort are all factors in the equation. Doing this means that a person will save time, know what to buy or dispose of, and never stress when trying to find what one is looking for. In the end, how you organize your home is the most critical aspect, but following some guiding principles can make the process go more smoothly. The following are some of the ways to organize your house: –

Dividing the house into zones.

Depending on the size of the house, creating zones within the home and defining their function will help a house be more organized. A room, be it small or big, serves many functions; hence placing stuff in the right place goes a long way in …

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How To Set Up a Home Office

 

Setting up a home office can boost motivation and productivity by allowing you to customize your work environment. While many believe that working from home entails doing a job from a couch or even bed, you may find that you’re most productive at home when you’re at a correct workstation. Setting up your home office can help you improve your work performance by keeping you focused throughout the day. You can create a functional environment by learning what to include and how to set up your office. When trying to set up a home office, here are some solutions to make it successful: –

Make a list of what you need. Before you decide on the office or claim a corner in one of your rooms at random, make a detailed list of your home office requirements and design a space for your home office meeting these requirements. Invest in the right technology. When it comes to technology, it’s critical to make sure a home office gets the options that best suit your needs. Buying and installing suited gadgets …

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What Types of Mortgages are Available in Ireland?

A mortgage is a type of debt that is secured by real estate. In default payments, the borrower is responsible for repaying the debt. The primary reason for obtaining a mortgage is to purchase a property that cannot be paid in total upfront for an individual in Ireland who cannot afford to pay in cash. The COVID-19 pandemic has shown that financing a mortgage in the modern era of the economic downturn may be more complex and complicated than previously anticipated. In addition to limiting the guidelines, creditors and lending companies appear to pick and choose which people’s lives will improve.

Types Mortgages Available in Ireland

Fixed-Rate Mortgage: It is a type of mortgage with a fixed rate for the loan duration, allowing buyers to estimate the cost of a large purchase while making smaller, more predictable payments over time. Reverse Mortgage: It is a type of mortgage loan that allows the borrower to access the property’s unencumbered value through residential property. Typically, older homeowners are targeted for these loans, which do not require monthly mortgage payments. A reverse …

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Is Cryptocurrency a Good or Bad Investment for Mortgage in Ireland?

Since the onset of the Covid-19 pandemic, the world has seen a significant evolution in trade, transaction, and financing. Digital currency is one of the new things in the market and has gained local and global attention. As economic uncertainty spread during the pandemic, the world’s most famous digital currency value increased by more than 500 percent. Bitcoin prices skyrocketed in late 2020, and crypto-currencies are here to stay, but proper regulation is required to take them seriously. Whether Bitcoin is the best get-rich-quick scheme in town or the next financial bubble to burst is usually a matter of opinion, but investors were sweating this quarter. Bitcoin’s value has steadily risen to $1 trillion, making Cryptocurrency a viable investment tool that hedge funds and banks have steadily embraced in recent weeks.

Because of its popularity, many experts have questioned whether Cryptocurrency is a good or bad investment to pair with a mortgage. I agree that it’s a good business venture, but I’d proceed with caution because of the following:

Lack of bank support

Cryptocurrency does not depend on …

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What is the Difference between Mortgage in Ireland and Other Nations in Europe?

Buying a house is always a person dream as compared to renting a room to live in. All countries have different mortgage structure that favors both investors and people that desire to buy or invest in real estate. When comparing the mortgage in Ireland to other European counties, many often say that it is expensive to pay the rates in Ireland than in well developed countries like France and Britain.

When making comparison, it should be noted that mortgage rates in some countries are lower due to their financial stability and the creditworthiness of their creditors. Other factors that affect mortgage rates include bond markets, monetary policies, economic growth, inflation, and the general state of the property market. Market prices tend to rise as they become more stable.

To start with, the reason many experts think that mortgage finance is higher in Ireland is because by international standards, Ireland has a shockingly low level of home possessions. In most European countries, if a loan goes bad, the bank will take possession of the property within a year, which obviously …

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What are the Issues Affecting Fin-tech Companies?

As compared to other lenders in Ireland, fin-tech lenders process mortgage applications almost two times faster. This means that it has highly improved the efficiency of financial inter-meditation in the Irish mortgage market. Despite this being the case, there are three major challenges faced by fin-tech firms in Ireland.

Innovation

As the innovation and trends of financial products face constant disruption, companies that are affected by need to constantly adopt new trends. With an increase in new technology in the market, banks are struggling to keep up. Trends like Artificial Intelligence (AI) and Machine Learning (ML) are being integrated in system personalization, wealth management and banking systems. This makes almost impossible for banks to balance their employees with technology since they experience problems as they try to keep up with trends.

Building and Maintaining Trust with Customers

For payment applications, mobile banking, and fin-tech as a whole, security is one of the biggest concerns. Unlike traditional banks that have bulletproof doors, heavy vaults, CCTV cameras, and security guards to guarantee the safety of the assets, fin-tech companies …

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How will Payments Change After the COVID-19 Pandemic?

The Covid-19 pandemics has taught many businesses, financial institutions, and companies that digital platforms and technology can be well utilized for cashless transactions. Restrict movement and lockdown in some cities have hindered customers flocking into the street to buy stuff or eat-in restaurant, prompting many businesses to opt for online and E-commerce platforms to stay afloat.

The pandemic has highlighted the importance of digital capacity, which has served as an additional catalyst in an already fast-changing payment industry. We are confident that this new reality will persist and only progress. Following the pandemic, some experts were asked to report any trends, and the following are some forms of payment that have come up due to the pandemic;

Buy Now, Pay Later (BNPL)

BNPL’s name is pretty self-explanatory. During the pandemic, it is widely regarded as the most developing payment option. Customers can purchase items through BNPL before paying for them. Although it has been a massive success in recent years, many people have criticized this payment method. This method of payment is unlikely to go away completely. However, as …

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