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 …

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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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Commercial Real Estate Investment

 

Introduction

Any property can be a good investment. In this sense, commercial real estate is a property used solely to conduct business or generate income through renting or selling. This diverse group of properties includes a single store, warehouse, offices, shopping malls, hotels, apartments, vacant land, and warehouses.

Given the current population and economic growth trends in Ireland, many people are interested in buying and investing in commercial property. Moreover, emerging market cities are becoming increasingly concentrated among Ireland’s largest urban agglomerations, resulting in increased demand for commercial real estate.

 One thing to note is that before anyone decides to invest in the commercial market, it is vital to have a detailed understanding of the industry and all of its components. Moreover, the need for well-informed investment decisions is critical. When calculating appropriate returns and risks associated with a target asset and evaluating the potential contribution to property pricing of new market trends, commercial properties are the best way to invest.

Reasons to choose commercial real estate as a way of investing

Commercial real estate provides a plethora of …

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4 Ways to Invest In Apartment Buildings

 

It is obvious that investing in real estate is one of the best ways you can earn passive income and achieve financial freedom. However, making a decision to invest in apartment buildings needs you to consider various factors. Just like other types of real estate investment, there are various ways to get funding so that you can get started. The funding source depends on your level of investment, the amount of money you have, and the amount of time you want to spend. These are 4 best ways to invest in apartment buildings. 

Buy it yourself

This is the best way to do it. Despite the fact that this requires a lot of knowledge, capital, and time, it is the most rewarding method of investing in apartment buildings. As an investor, you will have the chance to make your own decisions and develop a good plan on how you need the investment to generate revenue. It is important to note that this method is best fit for those people who are ready to face psychological and financial demands required …

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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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