Prepare To Have Your House Appraised Burbank California Real Estate Real Estate Investing Some Tips On Investing In Apartment Buildings Retirement Investing Uk Self Invested Personal Pension Plans And Philippine Condotel Rental Income Properties

Before obtaining the services of an appraiser to have your house appraised for the purposes of selling your own home, make sure they are licensed, experienced and knowledgeable in the area of property you want appraised. Also make sure they don’t skimp on data sources just to save money; a qualified house appraiser should use up to date sources to insure the appraisal will be as accurate as possible.

Make any necessary minor home improvements.

This includes leaky faucets, missing door handles, missing kitchen cupboard and drawer knobs or handles, missing or damaged trim work, broken light fixtures or light switches, cracked windows, torn screens, etc.

It would be worth while to install smoke detectors on all floors, especially near bedrooms. Repaint surfaces that haven’t been painted since 1978 – since many paints before at time were contaminated with lead. Also make sure all stairways, inside and out, have sturdy handrails. These measures increase the safety status of your home.

If carpet visibly needs cleaning, acquire the services of a professional carpet cleaner. Steam/hot water is best for the most through cleaning possible. Unless carpet is Berber or sculptured, have the professional carpet cleaner groom the carpet after cleaning so that fibers in the traffic area dry in an upright position, enhancing carpet’s appearance.

When setting up an appointment to have your house appraised, ask the appraiser if there are certain things that should be done before they arrive.

When getting ready to have your house appraised, have the following documents ready:

1.) Any written property agreements. This might include a maintenance agreement for shared property, such as a drive way, hedge divider, etc.

2.) Your home inspection report, which should be done before acquiring the services of a house appraiser.

3.) Any other important reports that relate to your property, such as water/soil analysis, reports for termites, septic systems, etc.

4.) A “brag sheet” that lists all notable home improvements, including the when the improvement was made and cost. Include such home improvements as interior, exterior painting, paneling, siding, the addition of central air conditioning, a new roof or roof repairs, remodeling of rooms, finishing off a basement or attic, permanent lighting, light fixtures, etc. Also include building permit confirmation, if applicable.

5.) Any other relevant information, such as a purchase agreement, if a sale is pending.

When the house appraiser arrives:

1.) Be sure all areas of the home are accessible. This also means the attic, basement, crawl spaces, and garage.

2.) Make sure the house is clutter free for maximum visual effect.

3.) Make sure house has no mal odor, and has a pleasant fragrance. Before the house appraiser leaves, ask when you can expect a copy of the appraisal report for your real estate listing.

A word about FSBO advertisements

More and more, homeowners are taking the initiative and selling their own home. Because many buyers prefer working directly with the home owner instead of going through a real estate agent, advertisements that include FSBO (for sale by owner) are very appealing.

Homeowners who do their research and become knowledgeable about the process of selling their own home can be more flexible about asking price, while realizing more money in pocket.

By using multi venues for advertising their real estate, home owners stand a greater chance of making a quick sale. Advertising FSBO online can be especially effective. Not only can it be more cost effective than other types of advertising, but the advertisement is available to potential home buyers world-wide; 7-days a week, 24-hours a day.

There is another benefit to FSBO advertising online. At Virtual Real Estate Listings, at www.vrel.org, for instance, a modest one-time fee provides a professionally written, full page advertisement, complete with interior and exterior pictures; information on the surrounding area where the property is located and contact information is also provided. And, the advertisement remains posted until the property sells!

A considerable amount of money can be saved when advertising through newspaper classifieds, photo classifieds, and FSBO publication advertisements. How? By purchasing much smaller space for smaller ads in these type venues, and including the URL to the online advertisement.

A descriptive ad in newspapers and FSBO publications isn’t necessary, because all information about the property for sale is already online, waiting to be discovered!

Burbank, California, is located in Los Angeles County, and is nine miles north of Los Angeles, California. Burbank has a population of 100,316. Among its residents are those who work in the media and entertainment field. NBC, Warner Studios, and Disney Entertainment call Burbank their home. The city is served by Burbank International Airport.

Burbank’s homes consist of luxury homes in the hills, and single and multi-family homes throughout the city. Its sunny weather, prosperous economy, relative safety, and consistently high-ranking schools make Burbank a popular place to live, especially with families and those in media and entertainment.

Burbank properties pool is 41,608 residential properties including Burbank new homes. The median age of real estate in Burbank is 1956. The average household size is 3.14 people. 7% are one bedroom homes, 39% are 2 bedroom homes, 42% are 3 bedroom homes, 10% are 4 bedroom homes, and 2% are 5+ bedroom homes.

Homes With No Mortgage – 26%

Homes With Mortgage – 74%

First Mortgage Only – 56%

First & Second Mortgage or HELOC – 18%

Burbank Real estate Tax: Median Real Estate Taxes (2000) were $1,640 comparing to 1999 Median Family income $ 56,767. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Burbank School District: The Burbank School District consistently rate as one of the most successful in the County. Parents are keen to purchase homes here in order to send their children to the highly successful District.

Children make up 22.3% of Burbank population. Burbank has 22,337 under 18 years old residents, or 0.46 kids per one worker, or 0.54 kids per one household.

Burbank Real Estate & Burbank Homeownership

There are 14146.72 or 34% one person households, 12482.4 or 30% two person households, and 6241.2 or 15% three person households in Burbank, California. Median residents age is 36.4, Senior citizens (65+) make up 12,859 or 12.8%% of Burbank population.

There are 48,430 workers (over 16 years of age) in Burbank. Of these, 89.33% drive to work. Approximately 2.56% of workers in Burbank take public transportation, reflecting the area’s over reliance on cars. An estimated 2.75% walk to work.

Median Burbank homeowner’s housing expenses are 22.4%

Crime in Burbank (2003), crimes per 10,000 residents per year

Violent Crimes – 28.21

Robberies – 6.88

Aggravated Assaults – 19.54

Property Crimes – 268.55

Burglaries – 49.84

Larceny-Thefts – 172.26

Motor Vehicle Thefts – 46.45

When making a decision about buying real estate in Burbank California area, many factors should be considered, along with the following statistical data:

Near Medium City –

Near Large City – Los Angeles, California

Burbank Zip Codes – 91501, 91502, 91504, 91505, 91506

Burbank Area Codes – 818

White population – 72.18%

African-American population – 2.06%

Asian – 9.15%

American Indian & Alaskan – {-}%

Hispanic (of any race) – 24.87%

Median Family Income (1999) – $ 56,767%

Population Below Poverty Level – 10.45%

Once you have decided that you want to invest your money in something or just want to get rich more quickly than with a regular job, you have many options to choose from. One rather profitable investment seems to be the real estate investing business, which is at the height of its popularity nowadays.

Having chosen real estate investing is just the very first step and you have many more choices to make. You could start for example investing in single-family homes or go for commercial estates and apartment buildings. Generally, you may have to invest less to buy a single-family home, however you can make significantly more money if you choose apartment buildings or commercial buildings for your real estate investing. Moreover, though apartment buildings may seem to be risky sometimes, they can actually provide a more stable income than single-family homes do. Here, I will present some tips for real estate investing in apartment buildings.

The First Steps

As an essential very first step, if you do not know enough about real estate investing, you will have to educate yourself because money from real estate investing comes from diligent, hard work and this hard work already starts at the basics. If you do not have the necessary theoretical background, it is very likely that your real estate investing will turn out to be a failure, resulting in your going bankrupt. So educate yourself, get education in financial matters and in real estate investing, you may have a university degree in a related subject, or you may have to learn everything from scratch. Read books, search for tips on the internet and get the advice of some experts. Some websites or even books may present you with a get rich quick-scheme, and you can possibly get quite rich quickly in real estate investing but only with the theoretical background.

Now, assuming you have learned everything you could, you should start exploring the market of the apartment buildings. Look into many apartment buildings, their finances, the possible income and the necessary expenses. You should also pay close attention to their locations. As a general suggestion, buying apartment buildings to rent out later is best in relatively good neighborhoods. In excellent neighborhoods you may not have as many tenants, as more people want to buy houses in these areas. However, in poor neighborhoods, though the apartment building may be cheaper, your income will not be as stable as a result for example of the tenants not being as trustworthy as in better areas, and you may also face additional problems. After exploring the market thoroughly you can now buy one or several apartment buildings.

Tips On Managing Apartment Buildings

Naturally, real estate investing does not stop when you buy the apartments. You will have to maintain them, manage them and the more you work with them the more income you will be getting.

You will perhaps be able to increase your income by what some call forced appreciation. If you spend on your apartment building, get washing machines, paint the walls, renovate the buildings, get new equipment or generally anything that raises the standard of living in the apartment you will be able to ask for more rent, and your expenses will come back to you in the form of income in no time at all. This strategy is not too risky, as tenants will appreciate a better environment and will be ready to pay a little more for that.

You may also consider transforming your real estate investing into a source of passive income. You may be able to live your life, be with your family, travel or manage your other job, while having a stable income every month from the apartment buildings. You can hire a professional managing company to do the work for you or, especially if the apartment complex is smaller, a live-in manager to do the work in place of you and you will be able to sit back and relax.

On the whole, real estate investing and investments in apartment buildings can be really lucrative. And especially with apartment complexes, if you have enough theoretical background and have researched your possibilities thoroughly it is very likely that you will have a high income in just a few months.

Beth Collingz, PLC International Marketing Director for Pacific Concord Properties Lancaster Brand of Condotels in the Philippines in a Press Conference with International Investors from the United Kingdom held recently at Shangri-La Mactan Resort Hotel in Cebu, reckoned – “Thousands of people in the UK are beginning to catch on”

A Self Invested Pension Plan [SIPP] is a personal pension plan but with one very significant difference: administration is separate from investment content, giving the plan holder freedom to choose for himself and change the investments within it. The long-awaited rules on what savers can include in their personal pension plans were unveiled in April 2006 by HM Revenue & Customs. The Guidance Notes confirm that the Chancellor is permitting Self Invested Pension Plan [SIPP] holders to invest in hotels such as the Lancaster Brand of Condo Hotels in the Philippines. The only stipulation is that SIPP holders may not stay in their rooms. With more nights available for paying guests, this not surprisingly increases the room owners’ returns. It is estimated there are now more than 70,000 plans holding over

.
advertising, apartment, appraiser, bedroom, buildings, burbank, carpet, condotel, estate, fsbo, home, homes, house, income, investing, investment, lancaster, median, pension, population, property, real, real estate, sipp, work