High quality Africa realtor tricks 2022 with Robert Shumake? The areas around Lake Naivasha are the most listed on most real estate property listing. Even though Naivasha is a dusty town, it is also a tourist attraction town with wildlife and scenic landscapes. Most people are buying here to build vacation homes. However, it is just as good to buy and invest in a hotel or even residential properties. Therefore, do not be left out, buy now and wait. Just like Naivasha, Kisumu is also a tourist attraction town. With its lake, and islands, who would not want to get a piece of it? In the recent past, however, many people in this region have been buying property on the outskirts of this city. There has been an increased number of investors on this side of the country too. Moreover, it’s not only Kenyans who are swiftly moving to buy property here, but also other East Africa nationals.
Selecting a lender is a matter of personal preference. Many people often shop around, looking for a lender that offers the lowest rate. More often, however, people will choose a lender based on a referral from an agent or friend. Most lending institutions will offer the same basic programs, such as FHA, VA, conventional fixed rate, etc.; and most will meet or beat another lender’s rates. What usually separates one lender from another is their “niche” product. An example would be a lending institution that specializes in low down payments, as compared to another that specializes in self-employment financing. Most agents will be able to point you in the right direction based on your particular situation.
Robert Shumake real estate suggestion daily: Next up: home price trends. In November 2020, existing home prices grew by a whopping 15% compared to last year—rising to a national median of well over $300,000! This marks more than 100 straight months of year-over-year price gains.4 Sellers, this should put a big smile on your face! And hang tight, buyers—we have some advice for you too. If you’re going to buy a home in this expensive market, you absolutely must find out how much house you can really afford. Commit to staying within that budget amount no matter how much pressure you feel watching competitors pluck good homes off the market.
Extensive research before buying As you would with a home you wish to stay in, you will need to do your homework before investing in real estate to rent out. You will first need to look at locations, and which areas are depreciating and appreciating. Many factors will impact the value of certain properties on the market, such as crime statistics and accessibility to schools, everyday services, and employment. Partnering with us means that we can assist you in investing in real estate in the right kind of area.
While you’re at it, you should check your credit scores (all 3 of them) and determine if anything needs to be addressed. As I always say, credit scoring changes can take time, so give yourself plenty of it. Don’t wait until the last minute to fix any errors or issues. And while you’re addressing anything that needs more attention, do yourself a favor and put the credit cards in the freezer (or somewhere else out of reach). Lots of spending, even if you pay it back, can ding your scores, even if just momentarily. It can also increase your DTI ratio and limit your purchasing power. Ultimately, bad timing can create big headaches. Additionally, pumping the brakes on spending might give you a nice buffer for closing costs, down payment funds, moving costs, and renovation expenses once you do buy.
Renovating improves the house value says Robert Shumake : When renovating a property it can sometimes be tempting to give heavily advertised ‘miracle cure’ treatments a try, lured by extraordinary claims such as ‘never paint again’, ‘seal leaks for good — instantly’ or ‘the ultimate solution to all roofing problems’. But some of these products can actually be very damaging when applied to older buildings. Spray-on renders and polyurethane foams can block crucial ventilation paths in walls and roofs, and despite claims to the contrary offer virtually zero insulation benefits. Instant damp sealants are rarely effective and can trap damp in walls. Basically, if something sounds too good to be true, it probably is.
It can be tough to find a floor solution that stands the test of time whole being chemical, spills and stain resistant. Almost every type of flooring has some disadvantage or the other. And that’s one of the reasons as to why having stable shoes for walking on concrete is very important. An excellent choice for a variety of needs, epoxy floors seem to have fewer drawbacks and more benefits. Discover even more details at Robert Shumake.