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We write about how to make the most out of your money. You will find posts and articles here aimed at helping ordinary individuals to make wise financial investments, whether you are looking to invest in a new business franchise, stocks and shares, property development, e-commerce, network marketing opportunities and more.

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Simple renovations that add a lot of value to your investment properties

If you are a follower of this blog you will know that we give tips about all kinds of investments including property investments.

Well this article is specifically about how you can add value to your property before selling or renting.

Here are the 5 most effective ways to add value to your property according to Scott McGillivray:

Adding a New Room with an Attic or Loft Conversion

“An income suite” refers to any new room that you build onto an investment property that brings you new income.

Many people like to convert their garage which is recommended in some cases, but the garage is often a very useful addition to a property , so if you can avoid converting it then all the better.

Another alternative is building a house extension which is very expensive and can eat into valuable garden space.

So this is why an attic or loft conversion are becoming particularly popular right now because they are often the best way to help a property owner make use of a part of the house.

London Loft conversion companies are doing particularly well due to the boom in the UK capital.

Many people choose to convert their properties before selling on as a conversion can add between 20% and 30 % to the value of a home.

The cost of an attic conversion ranges from £22,000 to £45,000 in most cases, and you can get a quote here: LOft Conversions London.

A loft renovation could add a bedroom with an ensuite bathroom, a bedsit or an office.

The work can last up to 8 weeks so be prepared when calculating sale or rental timelines.

Add new flooring to your property

Hard flooring is often more popular than carpets and has the effect of making your property look cleaner.

Wood flooring or bamboo flooring is becoming particularly popular, as are tiled floors in kitchens and bathrooms.

By spending a few thousand pounds or dollars, on nice solid flooring you can definitely add a lot more in value.

Here are some examples:

bamboo-flooring

Bamboo flooring example

ceramic flooring

ceramic flooring example

Hardwood floor refurbishment

Hardwood floor refurbishment

Replace the fixtures and the handles

This is a very simple cosmetic renovation, with the  but the impact is huge.

If your lighting fixtures and door handles are old-fashioned and in bad repair, the perceived value of your property is dimished.

On the other hand replacing these fixtures and handles can give a big boost to the way people see the property.

For the cost of a couple of hundred dollars you can completely transform the feel of a room, which will lead to a much quicker sale or rental on an old proerty.

Try it and see.

Renovate your bathrooms

The bathroom is a key room in home and people want a clean working bathroom. Make sure your plumbing is in good working order and their are no cracks in the bath tub or sinks.

If you do have to replace a bathroom fitting or do any major work it can be expensive and disruptive but there are some cheap and fast solutions out there.

Check to this video that gives you an idea of what solutions exist if you want to refurbish a bathroom quickly:

Renovate your Kitchen

The kitchen is often the most popular place in the house so renovating your kitchen is a good investment – especially if it is old.

You don’t have to spend thousands on new units if you don’t want to. Simple flat packed furniture solutions are often good enough to completely transform the look and feel of your kitchen. We suggest checking out the perennial favourite Ikea if you are just looking to refurbish a rental property, although if you are looking to sell a property depending on what end of the market you are at you should consider more bespoke options for your kitchen.

In summary:

Our conclusion is that of all the home renovations you can make, a loft conversion will make the biggest impact on the investment property  in the long run.

 

Are you thinking of investing in gold?

gold_investing

The cost of gold has always been very high, and ever since it was first discovered, people have actually had a keen interest in gold trading and investing.

Now you’re most likely assuming that gold bullion investing is something most effectively left to the pros. Yes, most traders that do this day to day are expert financiers. Yet there are some simple methods to help you get right into the bullion market. Gold could possibly be a good investment for you, particularly with the unpredictability of other markets.

The great thing about gold is it is a very fluid asset. Unlike many of the other products, it is literally traded 24 hrs a day almost everywhere on the planet. Because of this you can buy as well as sell gold in practically any country around the world.

As the saying goes you don’t want to put your eggs into one basket so adding diversity to your portfolio with some gold investments is a good idea if you have the funds available. It actually stands out as a diversifier. With your stocks, bonds as well as cash money and property, gold can help offset changes in the marketplace. There are a great deal of financial consultants that advise having 5 to 10 percent of gold in their portfolio.

Buying Gold Coins for Your investment portfolio

The American Eagle gold coin is a very popular first investment . This gold coin is the only bullion coin whose quality in terms of weight and purity is actually verified by the American government, which gives people a lot of confidence when buying them

For more info on the American Eagle gold and why many are investing at this time see this article:

http://en.wikipedia.org/wiki/American_Gold_Eagle

Keep informed on the fluctuations in gold prices which change daily and be prepared to invest when the time is right.

If you are planning to buy gold coins, think about hanging on to them for some time before making a sale. Gold can change in value daily, meaning if you buy today, in some cases the value will certainly be less tomorrow. This can cause disappointment if you attempt to sell prematurely. Save yourself the headache by buying for the long term.

Study gold purchasers. If you choose to send your gold out of the country or state, ensure your packet is accredited and insured. You will probably feel more confident offering your gold to a trustworthy local business that has a storefront. Either way, you need to contact the Better Business Bureau.

Making safe investments

One thing to watch out for is fake gold dealers who often operate online. Be warned there is plenty of fake gold for sale on the internet, and many people who want to take advantage of the inexperienced investor. To many people its very difficult to tell the difference between phony gold bars and the real thing, because they are coated with real gold even though on the inside it’s just a cheap and heavy mental alloy.

Be a comparison buyer. Each gold dealer will alter offers. It might depend on their commission established or the versatility in their fees. However you will not see the advantage of this unless you look around. Do not stop at the top place and stop. You may be making a bad deal on your own.

Know that the gold jewelry you purchase online might be different than you believe it actually is. When you can not hold something and look it over personally, you might be dissatisfied when you get the item. This is since there’s no informing what the quality will be like with simply the picture.

If you have a rare piece of designer jewelery then you can often get more than the weight value from the right collector. Sometimes, the origin of the piece and the designer of the piece makes a gold piece worth more, as opposed to having it melted down. Inform the purchaser if you have actually a piece done by someone noteworthy, to get a better rate.

We suggest that you seriously consider investing in gold and silver to go along with your other investment portfolios.

Here’s a video where Robert Kyiosaki explains why you need to invest in gold:

Home Investment for Retirement

property investment
Even though it’s well documented that many fortunes have been made in the real-estate business, so many ordinary people choose to ignore the value of property investing when it comes to planning for their retirement. In the current economic climate where their are so many uncertainties when in comes to pensions, the old saying “as safe as houses” is as true as ever.

Stocks and shares are a fantastic investment but for many people it is just too confusing and abstract. Many people also feel it is too high-risk so do regard property as safer which it usually is. However the the reality is that with property is that there are also lots of various kinds of property investing that can pose significant risks if you don’t get the right advice.

Something is for sure which is that with proper care and attention properties tend to acquire value with time instead of decline. If you buy properties today and correctly maintain them, you can not just gain years of rental earnings while paying the home loan on these properties but you can also discover your retirement community and pay today’s rates for it as opposed to the rates of tomorrow.

Although you can learn a lot from blogs, books and seminars, nothing will help you more than finding and hiring a respected property advisor and financial consultant to help you over the long term. It’s tempting to cut costs and try to do it all yourself but when it comes to investing thousands you will benefit greatly from the right consultant. His/her job is to provide you guidance when making plans and purchases that will certainly influence your monetary stability and security. They can also assist you with the matters of tax, expense evaluation, approximated inflation, and the typical increase in home value for a location.

As I already discussed there are always risks when it pertains to any sort of investing. The same holds true genuine estate investing. Things can fail. On occasion you will certainly find lemon homes, for this reason you have to have a complete and comprehensive assessment performed before you buy the home. You should also make certain that you understand your state and regional laws as they apply to property managers. For this reason it is a great idea to talk to an attorney that focuses on this kind of financial investing in addition to your financial consultant.

Rental properties aren’t the only way to build a property investment profile. There are all sort of home financial investment opportunities for those that are willing to take the risk. When it comes to home investing, the greater risks commonly net the higher potential rewards. The thing you should remember is that you are wagering with your monetary future. I have the tendency to stick to rental homes as they are a constant winner and really pay for themselves throughout the years while constructing a nice nest egg for my future.

Finding quick returns on your property investment

One tip I will offer the a property investor with a bit of experience is to look for ways in which you can obtain a decent property for below market value by approaching home owners direct and seeking out properties that require a bit of cosmetic repair. with just a cosmetic renovation of a property you can add a lot of value and ‘flip’ the property straight away i.e Sell the home for a significant profit. This is a dangerous endeavor for those who are amateurs to the field and many would be investors have lost a large amount of cash doing this. Effective investors nevertheless can net substantial earnings in a really brief quantity of time if they have the knowledge and skills to do the work themselves and time things completely.

There are even more property investing opportunities that supply even higher threat, as they are highly speculative referred to as pre-construction investing. This is the kind of investing that develops millionaires but it has also sent helped many fall into bankruptcy so be careful when considering off plan pre-construction property investing.

As you can see there are adequate opportunities in property to create an exceptional financial retirement strategy for you and your household. The only decision you have to make is whether this kind of investing is the right fit for your comfort zone.

This video explains more about property investment for retirement:

Investing Fundamentals – Exactly what Are Your Investment Goals?

investment goals

When it concerns investing, many first time investors wish to jump right in with both feet. Really few of those investors are successful. Buying anything needs some degree of ability. It is vital to keep in mind that although many financial investments are a safe bet– there is the risk of losing your cash!

Before you jump right in, it is much better to not only discover out more about investing and how everything works, and very importantly to identify exactly what your objectives are. What do you intend to attain with your financial investments? Will you be moneying a college education? Purchasing a house? Retiring? Before you invest a single cent, actually consider exactly what you hope to attain with that investment. Understanding exactly what your objective is will assist you make smarter investment choices along the way!

Our advice is to think long term. It’s all to easy to be impatient and want to get rich overnight but the reality is that it will take some time to get momentum with your portfolio of investments. Even though some investors do make a lot of money very quickly these are very rare. Just keep in mind what it is you are actually working towards, be it a dream home, your retirement or your children’s education and start educating yourself to the best way you are going to make that happen.

You should strongly think about speaking with a monetary coordinator before making any financial investments. Your financial organizer can assist you determine what type of investing you should do to reach the financial goals that you have set. He or she can provide you practical information as to exactly what sort of returns you can expect and how long it will certainly take to reach your certain objectives.

Once again, bear in mind that investing requires more than calling a broker and telling them that you wish to buy stocks or bonds. It takes a specific quantity of research and knowledge about the market if you want to invest successfully.

You need to work out your own personal relationship to risk. You may be a person who is more comfortable with property investment opportunities rather than the stock market, or vice versa.

You may want a small amount of big investments that bring a big return relatively quickly or many small investments that each bring in a steady cash flow over time.

You may be looking for a very passive income investment or you may be looking for a business opportunity like a franchise that you can get more hands on with.

Whatever you choose make sure you make your money works for you!