4 Important Renovations to Increase the Value of your Home

 

If you are thinking about renovating your house, you need to begin by asking yourself if the project will add value to the property or not. There are many different quick and easy renovations which may change your home into an attractive, modern, and functional space. Even better, when you later sell the property, the return on investment will be really high. These are 4 renovations that will make your home more functional and modern. 

Bathroom renovations

Without a doubt, the your bathroom is one of the most important spaces in the home. When the bathroom is new, it can give off a good feeling of cleanliness. When you begin the process of renovating the home, ensure that the design is clean and that it has modern lines. Additionally, be sure to have grey and white colors at the center stage. Apart from a spacious shower, remember to paint the tiles, improve lighting, and install new fixtures. 

Kitchen remodeling

Kitchen renovation is one that adds the most value to your home since it transforms the space to a more …

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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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Promote housing, tax it appropriately and spend that money on making more housing

When you talk about being in favour of ‘more property tax’ you quickly lose the room, but what if we had less income tax and more tax on immovable assets? This is a targeted wealth tax given the way that property and wealth are intertwined, it also means those with the most valuable homes would contribute more and could encourage down-sizing too which would help free up chronically under-occupied housing stock.

This can be an emotive topic, we understand that, but so is the plight of young people facing a market that isn’t affordable and a housing shortage that is driving prices to dangerous levels.

Listen to the full clip here.

 

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5 Features that make a profitable Rental Property

Investing in a residential rental property can be a great and profitable way to boost your investment portfolio. However, real estate is a tough business. For this reason, it’s important to do detailed research on the pros and cons of real estate investing before buying your first property.

It is important to start your search for property before bringing an agent into the picture, as they may pressure you to an investment that is not best suited for you. During this preliminary research, you’ll want to narrow down several key characteristics you are looking for in your property, such as size, location and amenities. In this article, we will discuss 5 key features to look for to ensure that your real estate investment is a profitable one.

1. Know Your Neighborhood

The location of your property is one of the most important things to consider. Knowing which type of neighborhood you are investing in will determine the type of tenants you will attract, as well as your vacancy rates. For example, if your property is near a university, then you …

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What will the Local Property Tax changes mean for you?

On 2 June 2021, Finance Minister Paschal Donohoe confirmed the details of the Local Property Tax (LPT) changes. Once the changes go into effect on 1 November, the government estimates that just over a third (36 percent) of property owners will see an increase on their bill, just over half (53 percent) will see no change at all, and 11 percent will see their tax payments reduced.

First off, what is the Local Property Tax? The Local Property Tax was introduced in 2013, and it is an annual charge on all residential properties in the State. Basically, if you own a residential property, you will have to pay this tax. The charges are currently based on self-assessed valuations carried out in 2013. The amount you pay is based on the valuation of your property, and there are 20 different LPT bands, with the lowest two having fixed rate charges of €90 and €225. The problem with these valuations is that property prices have surged since 2013, while the valuations of property for LPT purposes have not changed since 1 May 2013. …

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Bank loans in Bulgaria

Bank loans in Bulgaria

My name is Hristo Dimitrov. I’m a student from Varna Bulgaria.

How to pick bank loans in Bulgaria

In Bulgaria you can borrow relatively easily for an apartment and pay it off within 30 years. The maximum loan amount for the banks are up to EUR 200,000.  Also, Bulgaria has low interest rates compared to other countries. The best conditions for buying a home are on Postbank

And DSK Bank.

For specific rules and percentages, you can look at them.

APR at individual interest rate selected for the purposes of the example * – 3.66%

An example of a fixed interest rate for the last 3 years and a variable interest rate (benchmark interest rate + margin) for the remaining term of the loan when included in the DSK Coz Plus Sales Prohibition Program.

 

The long-term interest rate for the implementation of the DSK Coz Plus program can be set in the range of 3.00% to 4.49%.

 

 

Amount of credit

BGN 100,000

 

Monthly payment

448,49 BGN

 

Term of the loan

30 …

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German Property Market – Rules, Regulations and Taxation

Legal Restrictions

There are no specific legal restrictions on cross-border real estate investments in Germany for foreigners. Normally a valid passport and an adequate capital will be sufficient to purchase property. It should be noted that private investors will not be given residential status merely by acquiring property in Germany, as is the case in some other European countries.

With regard to indirect real estate investments, however, some general rules apply. They are laid down in different laws and are binding for both foreign and domestic investors.

Ownership in Germany

The owner of a property is generally in possession of both the plot of land and any buildings upon it. The rights to ownership and inheritance are guaranteed by law.

If an investor acquires a single flat in a multi-family house, it is a matter of property ownership. However, this property ownership does not entail ownership of the land and building associated with the property. Instead the investors obtain a co-ownership share of the jointly owned property which the flat is a part of. 

According to private law, the owner …

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Property Taxes

According to the Nevin Economic Research Institute (NERI), property taxes should be raised drastically to diversify tax revenue sources and to address issues of rising wealth inequality. As the government prepares its 2020 budget for 2020, increasing property tax is considered.

The trade union affiliated think-tank proposed ideas that represent a major shift in the tax system and the Government has always manages to neglect changing property taxes because of the associated political unpopularity.

Currently, the Government collects much less property tax revenue than most other European Union countries. Revenue from property taxes equates to only 23.3% of gross domestic product (GDP), while the average tax revenue in the EU amounts to 38.9% of GDP. In comparison with the rest of the EU, Ireland is much more dependent on VAT and excise tax revenues. VAT and excise tax generally have a greater negative impact on the less well off than the impact on wealthy.

Property taxes are the most difficult for the extraordinarily wealthy to avoid according to NERI’s senior economist Tom McDonnell. He continued to denote that underlying assets …

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Proving property tax exemptions

The Irish Revenue Commissioners, a government funded agency, is responsible for  a multitude of financially related activities; some of these include customs, excise, and overall taxation. In 2013, Revenue changed the way that Local Property Tax (LPT) was collected for all residential properties in Ireland. 

This tax is meant to hold the owners of residential or rental properties accountable for the payment of tax on all of their assets. Beyond just these two groups, people who have a lease of twenty years or greater, local authority/social housing organizations, or a person acting as a personal representative for a deceased owner are also responsible for paying the LPT. 

LPT can be charged on homes that are unoccupied or uninhabited, if it is a suitable place to be lived in. If it is not up to par with regular living standards, no LPTs will have to be paid on the property. There is a great deal of opinion that comes into play when deeming a property livable or not, which is why the  Irish Revenue Commissioners requires that some type of documentation …

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