Category Archives for "Muskoka Real Estate"

Picking The Right Location For Your Commercial Property

By Andrew John Cocks | Muskoka Real Estate

Before you invest in a piece of commercial property, carefully survey the market and choose the best kind of property for your needs. If you do not invest in the right real estate, you could end up losing a lot of money. Read this article to learn how to make better decisions about real estate.

When entering the commercial real estate market, patience is perhaps your best ally. Do not make impulsive decisions. If the property turns out to be wrong for you, you will regret your decision. You should be prepared to wait an entire year before a worthy investment becomes available to you.

Commercial property is an investment. This investment is not just money, but also time. Not only will you have to search out the right property, you’ll likely have to make repairs or renovations to it after the purchase. You should know what to expect and not give up. You may need to spend some time researching before buying your commercial real estate purchase, but it will pay off in the end.

Don’t make any big real estate purchases until you’ve evaluated the unemployment rates, income levels, and expansion rates of the area. Properties located near major employers, like hospitals, schools or distribution centers, are often more in demand at every price range.

TIP! Take some digital photos of your property. The picture needs to show defects like carpet spots, wall holes, or discolored sinks and tubs.

You should try to understand the NOI metric. To be successful, you must stay profitable.

When considering a piece of property, you must pay close attention to the surrounding area. If you purchase it in a more affluent neighborhood chances are your business will be more successful, because the pockets of your potential clientele are a bit deeper. However, if your services are more frequently utilized by people of lower socioeconomic brackets, be sure to find a neighborhood that suits it.

Try to decrease potential events of defaults before negotiating a lease. This lowers the chance that the person renting will fail to uphold their end of the lease. This is one thing you don’t want to happen.

Try practicing patience and remain calm, if you are considering purchasing any commercial real estate. Don’t invest in a hurry. You might find out that the property is not what you needed after all. You should be prepared to wait an entire year before a worthy investment becomes available to you.

TIP! If you are looking to lease or rent, the issue of pest control is a critical one to address. This is especially true when renting in an area that has a lot of bugs or rodents, so be sure to talk to the rental agent about some pest control policies.

Advertise your property for sale locally and outside your region. There are a lot of people who make the big mistake who think that only local people want to purchase their property. Private investors will purchase properties outside of their area if the prices are low enough.

Conduct tours of potential properties. When looking at a property that you are thinking of purchasing, it’s a good idea to have a licensed contractor accompany you. Decide on an initial offer and start negotiations. Before making any sort of decision after a counter offer, evaluate it once and then evaluate it again.

It is definitely possible to have significant success when investing in commercial properties. However, your success depends on research, knowledge, expertise, and just a hint of luck. Some will still not succeed, but using the tips in this article will give you a much better chance of being successful.

When purchasing any type of commercial property, pay close attention to the location of the real estate. What type of neighborhood is the property in? Also review the expected growth of other similar communities. By calculating growth in similar areas, you will be able to ascertain whether the piece of property you are looking at is going to continue growing.

TIP! You should expect your commercial real estate investment to require a significant time commitment. It takes time to find a lucrative opportunity and purchase a propriety, adding to that time to carry out any repairs and alterations that are needed.

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Real Estate Listings?

Get Helpful Advice About Selling Real Estate With Ease

By Andrew John Cocks | Muskoka Real Estate

You can’t just enter the real estate market blindly and expect to succeed. There is virtually an infinite amount of information available. However, most people don’t have the time to go through it. This article has advice that will help you make better real estate choices.

Don’t set your price too high or too low, but ask for a price that buyers are likely to accept and which doesn’t feel uncomfortably low to you. Look at compatible local sales and the values of homes in your area, then set a price which is at the higher end of the average. If you price it too high, you might have to lower it.

If you are preparing to sell your home, rid your living space of as much clutter as possible. You’ll have less to pack at moving time, and buyers will be able to more easily visualize your house as their new home.

The work and cost involved in maintaining a home, from minor repairs to landscaping, can become a huge hassle. However, as you let these tasks fall by the wayside, they begin to pile up on you. Before you know it, you’re left with a home that nobody wants to buy.

TIP! Place a reasonable sale price on your home. A great way to do this is to compare other similar homes around the neighborhood, town, county, etc, and find out what they’re selling for.

Have the air conditioner and heating systems serviced prior to putting the home on the market. Buyers generally don’t want a home that needs large investments, like a new furnace, so if the AC and heater are fine, it can appeal to more probable buyers.

Keep all information handy that a buyer may find helpful when purchasing a home. Include a log of all home repairs you’ve had done. The log should list each contractor’s name and phone number as well as the job you hired him to do. This will provide the buyer an excellent idea about the type of care put into the house during the time you owned it.

The housing market is driven by the seasons in many parts of the country. Use decorations for the current season and your home will be more welcoming. Rake the fallen leaves or have your driveway plowed before showing the house.

Making inexpensive upgrades to your kitchen can improve your property value and increase the appeal to buyers. Rather than taking a sweeping approach to updating the entire kitchen, which can be expensive, chose one visible kitchen appliance to update and use as an “eye-catcher.” Hanging storage and kitchen islands are also updates that are in high demand. It’s quite expensive to install new kitchen cabinets, but you can update them with a lick of paint.

TIP! Always keep track of information that might be useful to prospective buyers. Have a list of work that’s been done to the home and the contractors that did the work.

When you home looks warm and inviting from the curbside, then buyers want to see more. It can significantly affect how many people come inside for a tour of your home during open houses.

If you can, sell your home before moving somewhere else. Juggling two house payments can financially strap you. Make sure you have ample time up show the house and locate the perfect buyer.

When you are attempting to sell a property, go through many different sources. Look to a variety of sources for inspiration as you prepare to sell your property. Peruse online real estate sites and blogs, or meet with an agent. In order to effectively sell your property, consider all the options at your disposal.

Try to see if you can get you house involved in a bidding war. Reading the local market and setting an attractive price will probably increase the number of inquiries you receive from interested buyers. The more parties that are interested in your property, the more likely you are to get the full asking price, if not more.

TIP! When you make your home inviting, it is more likely to attract potential buyers by making them feel welcomed. It’ll get more people to actually walk inside to take a look.

If you’re thinking about doing an interior paint job before listing your home, don’t choose colors that reflect your own individual tastes. A traditional color such as taupe, eggshell or off-white is most suitable. A home is always more appealing to a prospective buyer if it has a brand new coat of paint.

With any luck, you have found some advice here that is beneficial to you. Determine your circumstances and utilize the proper information. Although there is a lot to consider when selling a piece of real estate, the time you spend learning what is important will certainly pay off!

“Protecting YOU Is My Passion”

– Andrew John Cocks
Real Estate Broker

PS: Have you seen these Muskoka Cottage Real Estate Listings?

Tired Of Searching For Answers Regarding Real Estate Investing? Find Them Here

By Andrew John Cocks | Muskoka Real Estate

Many people find real estate investments to be overly complex, but that need not be the case. No matter how experienced you may be in real estate, the following advice can help. Keep on reading this article in order to find out better guidelines on how to achieve success in real estate investing.

Check out the value of other area properties. This information will give you a better understanding of the neighborhood. It’s easier to make a good decision if you look at things from the street level.

Always get an inspection before buying a house. Also, never use an inspector offered by the seller. You need neutral inspections or reports from a person that you can trust.

Prior to investing in any type of property, make certain you do a market analysis and research that property thoroughly. You should view numerous properties and make a spreadsheet. Rent expectations, pricing and repair budgets should be factors you’re considering. This will help you figure out which deals are the best.

TIP! Find people with similar minds and learn things from them. Many people make a living from investing in real estate.

Be sure to stay in a comfortable niche. Limiting yourself to one market segment makes it easier to learn the necessary skills. Get to know your market type and continue with it for repeated success.

Join online forums, blogs, or other groups. By doing this, you will learn important things to help you with your strategy. You can even sometimes have conversations with some of these people.

Make sure you take the time to learn the ropes before making your first purchase. Mistakes in real estate investing can lead to some pretty hefty losses if you aren’t careful. Taking time to learn all you can about it can help you stay protected.

Dedicate a set quantity of time to learning about and making real estate investments. You might have to curtail your time spent on other activities in order to make more money over the long haul. You might have to give up a night of bowling league to spend time improving yourself as an investor.

TIP! Location is crucial. There are other important aspects to be aware of, but those are physical and can be altered or upgraded at any time.

Think about the advantages of property management companies. It costs money to do so, but the investment can be worth it. They take care of checking out possible tenants and they also make arrangements for necessary repairs. That will give you more time to look for additional investment opportunities.

Even though many times it pays to have a diversified portfolio of properties all over the country and even the world, it is important that you pay close attention to your local area. Before you go searching elsewhere, take a look around your own neighborhood. At least, you may want to think about starting locally.

You must evaluate any neighborhood where you plan to buy investment properties. The property itself is important, but the location can be even more important. And you must know what the zoning laws are if you plan to use the investment location as a business. Speak to neighbors to learn about the area and whether you can rent the property there within a couple weeks.

Talk to other folks who invest in real estate. They can provide you with some very valuable advice. Their knowledge can prevent you from making mistakes and save you some money. The internet is an invaluable source for finding others. Think about attending group meetings and join forums.

TIP! If you’re going to try getting into real estate, you need to consider how much time you’re able to spend on property management. Issues with tenants could keep you really busy.

Sound bookkeeping is essential to getting this done. It’s easy to neglect the bookkeeping end of it, especially at the beginning. You probably have lots of other matters to consider. Good accounting practices are important, though. You can avoid many pitfalls if your bookkeeping habits are built early and kept strong.

Don’t use every bit of your cash and credit to obtain real estate. You should always have available cash reserves in your portfolio for unexpected expenses. Without the necessary capital, you can get burned.

People can make a lot of money or lose a lot when it comes to real estate. However, now that you have some great tips on hand you should be able to do well with it. Don’t be afraid, learn all that you can, and go for it! These tips can be shared with all of your loved ones.

Picking good, well-known areas is usually a smart way to go. This is critical, since it is going to give you the highest possible resale return. Properties that are simple to clean and maintain are also ideal.

TIP! You should never make the assumption that all real estate rises in property values. It is dangerous to assume that any piece of property will rise in value.

“Protecting YOU Is My Passion”

– Andrew John Cocks

PS: Have you seen these Luxury Cottages In Muskoka?

Muskoka Real Estate Investment – One Simple Formula

By Andrew John Cocks | Buying , Huntsville Real Estate , Muskoka Real Estate , Selling

Muskoka Real Estate

Muskoka Real EstateI saw ads in muskoka’s small-town newspapers for years before I realized exactly what was going on. They were always the same: A Muskoka cottage for sale with 5% down and payments of 1% of the purchase price. It might be a three bedroom home for $190,000, for example, with $9,500 down and $1900 per month payments.

A friend started doing the same thing and explained the process to me. It was a way to get a great return on capital. It was the opposite of buying with no money down. You bought for cash.

A Muskoka Real Estate Investment Formula

It is simple, really. When you buy for cash, you often get a much better price. A house that needs a little work might be worth $75,000, for example. By offering $65,000 cash, you negotiate your way to a $68,000 purchase price. If not, you walk away – there are always others.

Then you put few thousand into high-return repairs and improvements. Paint, carpet, and maybe asphalt for the dirt driveway. For our example, we’ll say you put $5,000 into it.

Now it’s worth $85,000 perhaps, but you target those buyers who can’t get financing easily, and you finance it yourself. By making it easy for the buyer, you can get $90,000 for the home. Whatever the sales price, you let the buyer put 5% down, and make monthly payments of 1% of the purchase price. Of course, you get higher than market interest too.

The buyer is thrilled that they can buy instead of renting, and you get a capital gain of perhaps $14,000 after expenses, plus good interest. Your total rate of return is somewhere over 25%!

The first to do this consistently in our town were a father and son. They were both lawyers, and saved money by doing their own foreclosures when necessary. After forclosing, they just raised the price and sold it all over again, of course. By the way, if you can get an average return of 18% on your money, you’ll turn $75,000 into more than one million dollars in about fifteen years.

Muskoka Real Estate