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It is amazing how many people are affected by various concepts that they have seen on TV shows. Often, several trends are set by what people are watching on television in primetime.

These trends range from popular phrases to fashion to investments. Most of us get our entertainment and our news updates on our television. For years people have believed what they have heard and seen on television.

A trend that is shown on a popular cable channel is a program that promotes investment in real estate. There are several different programs with similar concepts on this topic. One of the series on real estate investing shows someone buying a house, repairing and re-selling for profit.

It is a concept known as flipping. There are many people who feel they can make more money by using this technique. The great thing about this program is that it not only profiles successful people in the market using the flipping concept, but also shows people that end up taking a loss on their investment property.

Seeing the program I noticed that the people who do not listen to advice provided by their contractors are likely to lose money. This happens not only on television but also in the housing market. There are times when people have a fixed idea in their mind about what to do with a property that they will not change their plans, even when it is expensive and impractical to continue.

To people interested in investing in real estate some advice I give is be ready to compromise and be prepared to cut their losses if and when they need to. When developing or changing a property for sale you do not need to love every inch of it. You will not making home in the property, so it is fine if you do like all of its aspects.

Another thing I also advise people is to keep with as neutral a color palette as possible. You do not have to keep everything all white or beige, however bright or bold colors are more often than not less of a selling point. Most buyers will want to put their own decorating ideas to use, so there is no great need to have strong or unusual colors.

This is especially true when selecting tiles. It doesn’t matter whether the tiles are in the kitchen or bathroom, they should be neutral as possible. Tiling is not easy or cheap to change, so you want to make sure it appeals to as many people as possible.

In general real estate investments for flipping are best when you live in an area that is growing and where the real estate turns over fairly quickly.

There are many benefits in hiring local professional movers when you are relocating your home, be it just next door or across the ocean. Of course, there is also the choice of getting help from your family and friends; however, it is strongly recommended to engage in professional moving services, as these guys are well trained in moving heavy furniture. Unlike the muscles offer by your family and friends, they might not know the right angle or amount of strength needed to move a piece of furniture. So what are the benefits of hiring moving companies located in Denver itself?

To top the list of benefits, relocating your home could be a very stressful ordeal, but with the help of a moving company your stress could be reduced drastically. For starters, you do not have to worry about the transportation as well as the muscles that you will need during the actual day of your move. All these factors are taken care of by the professional movers.

Besides that, there is also the benefit of safety and protection of your goods. Like mentioned earlier, your family and friends may not be trained for the job; so, during the moving process, they might accidentally cause some damage or loss to your goods due to careless behaviour or even over estimation of capabilities.

However, if this task is given to the professional movers who specialize in dealing with these procedures, the chance of damage and loss occurrences could be remarkably less. Reliable moving companies in Denver (or anywhere else for this matter) will always pack your goods in special boxes or containers to ensure that your goods could be delivered to your destination with a protection shield. These professional movers are skillful and well trained with moving complications and they know all too well on how to move in a good, safe, and secure manner.

Here’s something most property investors won’t know when they first start out investing in property….. Close to half of them will sell up in the first 5 years!

That’s right. Whilst many first time investors originally buy an investment property to secure and develop financial freedom, they fail!

So what went wrong for them and how do you avoid following in their footsteps?

1. The first and absolute most important reason is they didn’t start off with a plan, research or get professional help

When buying an investment property you will need to do your homework and the best place to get advice is from professionals. So talk to your financial planner, your accountant and another really good way to learn is the web, so get online and do some reading. From the web you’ll be able to access lots of opinions, ideas, concerns and possibilities from which you should take notes and use as reference once you are ready to start investing. Talking to family and friends who own or have owned investment properties can also provide another way to research property investment, as many of them will tell it to you ‘exactly the way it is’ from their own experiences. You may hear things like “we had the worse tenant and they never paid rent” or “I would never buy a property because all we did was spend money fixing it all the time” or even “I couldn’t believe how much the property really cost us out of our own pockets”. All of these points need to be taken into consideration and plans need to be set up so you don’t have the same issues they did.

In fact, it’s this time you need to spend looking into the process of buying and owning a property that’s critical. Most people spend more time planning an annual holiday than planning out the purchase of an investment property and their financial future.

It’s a great idea to talk to experienced property buyers who’s role is to help first time investors buy property and make the right decisions. A property buyer, or buyers agent will help you in planning your strategy, avoiding pitfalls and achieving property investment success.

2. They bought the wrong property

If you ask some investors why they purchased their property you’ll often hear them say things like, “it was close to where I lived”, “I read in the paper that it was the place to buy” or even things like “it was where my son wanted to rent so I bought it for him to live in”. Another very common one is that it’s the area they want to live in one day or retire.

These are all emotional reasons for buying property and need a lot more thought put into them. Remember, ultimately the property will be an investment and needs to be treated that way so it will need to tick a lot of other boxes and not the ones used here as examples.

Some good investment reasons for buying a property are more like a high demand in the area for rental properties, high employment, excellent schooling and good transport in and out of the suburb, and finally the demographics must suit.

There is no use buying a house on a big block of land in an area where singles live and work. Another example is that it’s not preferable to buy a 2 storey home in a suburb that has older age group living there.

3. They didn’t review the property for growth and suitability to the market.

We all know that property is a long-term investment and buying real estate can cost considerable amounts of money initially, however as your property grows in value, the next property you buy may need no money upfront at all. Holding on to and reviewing your investment property value means that the increase in the equity of your first property can now be used to buy your second home and so on.

You also need to review the property you have for other reasons, like whether the rent is still at market rate or even ensuring you are updating the property so that it is receiving the maximum rent. Property upgrades could include access to Foxtel, remote controlled garage doors, alarm systems, automated watering system, internet access etc.

4. They didn’t manage their risk

The last thing you would ever want is to be forced to sell your home due to unforeseen circumstances. When starting off, the best option is to allow for additional funds to be available just in case. Events such as a major repair, employment change, extended sickness or one of the most common reasons is sudden interest rate rises. All of these events could put you in an uncomfortable situation which may mean that you could be forced to sell your property due to the lack of cash flow to cover the event.

Make sure you are ready for the ups and downs of investing in property to ensure that your journey as a property investor is a long and profitable one.

Happy Property Investing

Fred Rasheed is the CEO of Total Investment Property Solutions which specialises in helping everyday mums, dad, couples and singles enter the property market and build wealth through investing in property.

With over 20 years experience in the home loan and property investment market, Fred offers a wealth of knowledge and experience that he now shares with others.

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Before your house is shown to a prospective buyer you need to be ready. This is very important, and certainly difficult if you have young children. Keeping your home ready to show at all times and whenever your Realtor or showing service calls, is mandatory.

Practice these other tips and you will be way ahead of most other sellers in your area…

You should also be easy to reach: If you want to be notified about a showing, stay in close touch with your Realtor or the showing service.

Be flexible on the timing: When you receive a call from a Realtor for a showing, keep in mind that he/she is showing lots of homes, and it is difficult to set precise times.

Coordinate with your family: Showings can be stressful on day-to-day family life. Review these guidelines with your family members and enlist their help in keeping the property ready for showings.

First impressions: First impressions are important! Make sure that your lawn is cut, the landscaping neat and green. Sweep the walkway and entrance to your home. Remove all clutter.

Secure Pets: Make sure that your pets are secured where neither they nor your visitors will pose any danger or bother to the other. Eliminate any lingering pet odors with fresheners, clean any “poops” that may be in the yard, and ensure that litter boxes are cleared away.

Clean Your Kitchen: Kitchens should be absolutely spotless. Run a lemon through the garbage disposal for a fresh smell. Remove magnets and pictures from the refrigerator door. Clear off all counters and tabletops. Cabinets, drawers and pantries should all be neatly organized.

Clean Your Bathrooms: Bathrooms should be clean, the toilet seat down and there should be no personal items in view. Set out fresh “show towels” in bathrooms.

Clean Your Bedrooms: Make beds, empty trash cans, sweep or vacuum floors. Store all clothing items.

Sound: Turn off televisions, and put soft music on the stereo.

Clutter: Pick up tools and toys; put extra garbage cans in garage.

Lighting: Turn on all lights. Open shades and curtains.

Cars: Park cars on street or around corner. Close garage door.

Smells: Give the house a pleasant aroma – freshly baked bread or cookies or a citrus room freshener.

Temperature Control: Set thermostat at a comfortable temperature or, it it’s a pleasant day, leave the windows open.

Fireplace: Clean out the fireplace and dispose of ashes. Put in fresh logs.

Pool and Patios: Keep pools well chlorinated and absolutely spotless inside and out. Arrange pool and/or patio furniture neatly.

And…

Make yourself scarce! Do not be present for the showing. Instead, sit outside your home or run an errand. When you are there, buyers often feel awkward as if they are intruding.

If you put these house selling tips into action, you find Agent from other companies showing your home over and over.

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• HOUSE FOR SALE
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Selling your home is easier said than done, right? Sure you can have your whole sale planned out with the price you want and the time frame you want to sell it in, but these things don’t just happen by chance. A lot of work goes into selling a home – especially if you have specific goals in mind. A crafty real estate agent will delve into many different home selling techniques, one of them being home staging.

First off, let’s discuss what home staging actually is. To put things in perspective, have you ever been to an open house that looks as if people live there, but everything just seems a little too “perfect”. There may not be full arrangements in rooms, but rather accent furniture or complimentary accessories and décor. The art of home staging is done with one premeditated goal in mind – to sell a home. Agents may take advantage of the home’s existing furniture for these services or bring in their own items. If they utilize the furniture that is already in the home, they will likely remove pieces and rearrange items. For example, hanging décor in 1′s, 3′s, and 5′s, using drapery, minimalizing furniture, using inflatable mattresses, and drawing attention to focal points in a room are all the learnt methods of a home stager.

What effect does home staging have on a buyer? Giving the impression that a home is occupied makes the home feel warmer and helps buyers picture themselves living in the home. A minimal but key amount of possessions in the house allows the buyer room to breathe as they picture their own belongings inside. The items tastefully displayed by the real estate agent help spark ideas in a buyer’s head…but they are not so demanding that they suffocate imagination.

Taking advantage of using home staging services is a much more sound decision than having an open house that is empty – especially if the furniture and knick knacks are attractive. I firmly believe that an astute home stager can “con” their viewer into feeling and believing that any home is both cozy and upscale. A bare home can feel empty and lacking of character.

Real estate home staging services are beneficial to any seller. Whether you are trying to sell within a time frame or are determined to get a high asking price, a home stager is prepared to woo viewers into a well-rounded sale.