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 …

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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 …

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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 →

4 Reasons for Why You Need a Home Insurance

Purchasing a property is one of the biggest investment for a majority of people. It is a big task which involves a lot of research, saving and planning. Despite this being the case, the fact that people can own own homes without insuring them is worrying. The increase in cases of natural calamities like floods, fires, or earthquakes indicate the need for you to incur a little expense so that you can prevent a big financial setback later in future. These are the 5 reasons why you need an home insurance now. 

It protects your home and other components in the compound. 

With an extensive home insurance policy, you can protect both your building and other structures in the compound including the fence, deck, shed, and even the garage. Additionally, you could opt for extra add-ons in the policy you take so that you can protect everything in your house including the expensive kitchen appliances, electronics, and furniture. 

It offers you financial security

With a home insurance, you will get financial security since the insurance company will replace the lost …

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All you Need to Know about Renting Out Property in Ireland

As the tourism and technology  sector booms in Ireland, and a growing number of students attending Irish colleges and Universities, the demand for rental properties is greater than ever before. As it stands, the average monthly rent is the highest in over ten years. Therefore, buying a property you can rent is the smartest investment you can make. 

It is the best investment opportunity

With an impressive capital growth and a strong investment yield over the past decade, property to rent in Ireland guarantees high returns. The amount of income that you can generate from the capital that you invested is even better than dividend income and deposit interest rates. Additionally, property offers a very good option to bring diversity to your portfolio of investments. If you have invested in cash, shares or assets, property is a can be the best addition yet. It is also important for you to understand that associated costs like stamp duty and legal fees on the purchase of rental property, are extremely reasonable. 

The best security for the future

If you rent out a …

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Myths about Mortgage that you Should be Aware of

 

Many people often consider mortgages as a complex and difficult matter. There are also some myths that people share. These myths leave most people worried about how the mortgage will affect them. After application, some people are mostly stressed by the repayment process. This perception and the reluctance to talk about them indicate that some people could be missing out on the benefits of mortgages. 

When it comes to your finances, knowledge is very important. Therefore, if you are thinking about getting a mortgage in the future, or have one at the moment, never fear to ask questions and always do research. These are three mortgage myths that you need to be aware of. 

A mortgage payment holiday or break will cost you nothing A payment holiday is when the financial institution suspends the payments of your mortgage for a given time. The payment and the interest are then moved to the mortgage’s balance. For most people, this means that at the end of the break, the payments they make on a monthly basis will increase. Therefore, always ensure …

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6 Things to Consider when Preparing to Move

 

Regardless of your reasons to move, you need to be financially prepared so that your transition to the new home can be smooth and hassle free. There is nothing more difficult than trying to understand the money issues that are related to the move. Some of the difficulty can be faced during the hiring of movers, purchasing of supplies or looking for storage. This post offers some factors that you need to consider when you are planning to move. 

Credit Score

A credit score is important since it can influence the cost of housing. The score can also determine of you have the ability to buy or rent a home you want. If you want to buy a home, a credit score will determine if you qualify to get a mortgage and the interest rate you will pay for the mortgage.

The Cost of properties in different areas

You need to spend a lot of time looking at different homes close to where you live and where you want to move to. You need to make an assessment of …

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How To Start a Rental Property Business?

 

Real estate is a challenging business, as obstacles can wipe out your profits if you are not careful. When planning to invest or starting a rental property business, selecting the suitable instruments for your rental property requires a lot of time, dedication, hard work, and strategic planning. This is especially true in the rental property management industry because owning a rental property is similar to walking on a road. Anything can happen; for instance, if the wind blows, you must maintain your balance and not fall apart, which will remain your responsibility throughout the journey.

Lessons on howstart a rental property business is similar to learning how to create almost any other company. As an investor, one must identify several vital elements to begin a good start.  These components and the systems and investors’ benchmarks are more successful with a proven plan for rental properties. Moreover, if you want to start a rental property business, there are several valuable lessons to learn from the experience. Meanwhile, here are some of the most critical steps to consider before planning to …

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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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Is it Expensive to own a house in Ireland?

Dreaming of owning a house in perhaps one of the best tech countries in the making? The yearly rate of house owning in Ireland has finally fallen to less than one percent as the cost of owning houses has been continuously falling. In Ireland, you must conduct the majority of your property searching on your own. Real estate agents will only display you homes that they have listed, not those that have been listed by other agents.

Once you’ve narrowed down your desired area, start looking in local newspapers and internet. Create searching notifications to get notified as soon as homes matching your requirements become available. You must also contact and enroll with properties for sale agents in your desired region. A property assessment should be a condition of any purchase you place on the property. Because the seller in Ireland would be under no duty to reveal faults in a property, you should just get a full survey to see whether there are any before completing the purchase. Certified auditors in Ireland are represented by the Association of Certified …

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