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Are you tired of living in a cramped apartment with a bunch of roommates who refuse to do their dishes? Do you want to escape to a cosy house of your own but think that it’s impossible to find one that costs less than 100k? Fear not, my friend! I have been on a quest to find a house that won’t break the bank and I’m here to share my comedic guide on how to find your dream 100k house.

Step 1: Embrace your inner cheapskate

First things first, if you’re on a mission to find a 100k house, you have to fully embrace your inner cheapskate. Embrace the thrill of a bargain and the rush of finding a diamond in the rough. Scour every nook and cranny of the internet, check the classifieds. But seriously, keep your eyes peeled for any hidden gems that could fit your budget. And don’t forget to pack your sense of humour – you’ll need it to laugh off the inevitable quirks and oddities that come with a bargain-priced house.

You’ll also need to broaden your horizons and look beyond the city limits. Sure, living in the middle of nowhere might not be your ideal scenario, but think of it this way – you’ll have all the peace and quiet you need to finally write that novel you’ve been talking about.

Step 2: Embrace your inner handyman/woman

If you’re not afraid of a little DIY, you can save a ton of money by buying a fixer-upper. Yes, you’ll need to put in some elbow grease, but think of the satisfaction you’ll feel when you’re sitting on your porch, sipping lemonade, and admiring all the hard work you put into your home. And if all else fails, you can always call your dad for help.

Step 3: Get creative with your living situation

Who says you need a traditional house to call home? If you’re really on a budget, consider alternative living situations like a houseboat, a yurt, or a converted shipping container. Not only will you save money, but you’ll also have a great conversation starter for when guests come over.

Step 4: Get creative with financing

Finding a 100k house may mean you have to get creative with financing options. One option is to look into government programs that offer assistance to first-time homebuyers or low-income families. You could also consider taking out a mortgage with a longer term, which will lower your monthly payments, but remember that you’ll pay more in interest over time. Another idea is to consider alternative financing options like seller financing, which allows you to pay for the house over time directly to the seller instead of through a traditional mortgage lender. If all else fails, you could always try to win the lottery or become a social media influencer overnight. Hey, it’s worth a shot! But seriously, do your research and explore all your options before making a decision.

Step 5: Channel your inner haggler

Negotiating the price of a house can be intimidating, but don’t let that scare you! After all, you’re on a mission to find a 100k house and you won’t let anyone stand in your way. So, put on your best haggling face and get ready to make some deals. You can try the classic line of “I’ll give you a cookie for every thousand you knock off the price” or if that fails, resort to desperate tactics like begging or even threatening to break into a rendition of “Baby Shark” until they give in. Just kidding, please don’t do that. But seriously, negotiation is key to finding a house that fits your budget, so don’t be afraid to use your charm (or your tantrums) to get the best price possible.

In all seriousness, finding a house that costs less than 100k can seem like an impossible feat, but with a little bit of creativity and determination, it’s definitely possible. So go forth, my friend, and start your house hunting journey. Who knows? Maybe you’ll end up with a house that’s so unique and quirky that it’ll make all your friends jealous.

Are you kidding? A 100k house of rammed earth? Yes, this is not a joke.

With the rise in environmental consciousness, more people are opting for rammed earth houses as a way to both be eco-friendly and save money. They are made from a mixture of soil, clay, and sand, and compressed into solid walls that provide excellent insulation and thermal mass. Plus, they look cool too!

Eco-friendly rammed earth houses don’t cost an arm and a leg! For less than 100,000 EUR you can have your very own beautiful, durable and unique abode with an earthy appearance. Here’s what you need to do to make it happen!

Site Selection

Choose a site with good drainage, and that is elevated above the surrounding land to avoid flooding. Look for a location with good solar orientation to maximize passive solar gain, which can help reduce heating costs. And of course, look out for the price, we want this to be a 100k house!

Design

Design a house that is appropriate for the climate and your lifestyle needs. A well-designed house can reduce energy costs by using natural light and ventilation, and minimizing heating and cooling needs. Consult with an architect or builder experienced in rammed earth construction to ensure that the design is suitable for the building material.

Foundation

Prepare the foundation by excavating to the appropriate depth, and filling with a layer of crushed stone or gravel. This will provide a stable base for the rammed earth walls.

Formwork

Build formwork for the rammed earth walls using plywood or other suitable materials. The formwork should be strong enough to withstand the pressure of the ramming process, and should be designed to allow for the proper thickness of the walls.

Soil Selection

Choose a soil mix that is suitable for rammed earth construction. The ideal mix should have a high clay content, and be free of organic matter, rocks, and debris. It’s important to test the soil mix to ensure that it has the right consistency and compaction properties.

Mixing

Mix the soil, clay, and sand in a ratio of approximately 70% soil, 20% clay, and 10% sand. Add water to the mix gradually, until it has a consistency that is workable but not too wet.

Ramming

Use a pneumatic rammer to compress the soil mixture into the formwork. The rammer should be operated in a systematic way, working from the bottom to the top of the formwork, and using a combination of horizontal and vertical strokes. The ramming process will take several days, and the walls should be left to cure for several weeks.

Finishing

Once the walls have cured, remove the formwork and finish the walls as desired. The walls can be left exposed for a natural, earthy aesthetic, or finished with plaster or other materials.

Roofing and Insulation

Install a roof and insulation system that is appropriate for your climate. A metal roof with insulation can provide excellent energy efficiency and durability.

Conclusion: Rammed Earth 100k House

Building an eco-friendly rammed earth house doesn’t have to break your bank account – you can do a 100k house! It may take a bit longer than usual construction, but that’s a small price to pay for such a stunning and energy-efficient home. Plus, the benefit of being kind to the environment? Priceless!

Are you dreaming of a new life in New York City? You’re not alone. According to recent studies, 63% of millennials are considering moving to the Big Apple for its culture and career opportunities. But what about finding an affordable place to live? 

For those looking for something unique that offers both community and affordability, coliving could be the answer, check out SharedEasy’s apartments with flexible leases, community events, and seamless technology to make the move-in process as easy as possible.

Coliving is quickly becoming one of the most popular housing options among young professionals in cities such as New York. It provides much more than just a roof over your head: it offers a sense of belonging and connection with people from all walks of life. 

In this article, we’ll explore the benefits of coliving in New York City, including lower rent prices compared to traditional apartments, greater flexibility, and access to amenities like fitness centers and co-working spaces.

Definition Of Coliving

Coliving is an arrangement where people live together under one roof and share amenities such as common kitchens, laundry facilities and living spaces. Coliving offers residents the ability to rent or own their own room while still being part of a larger community of like-minded individuals. 

This type of housing has become increasingly popular due to its affordability compared to traditional living arrangements, along with its convenience and sense of connection it provides amongst tenants. 

As well as providing cost savings on rental prices, coliving also gives tenants access to shared resources that they wouldn’t have if renting a property alone – from communal meals and activities, to fitness classes and holiday trips. With these features available, it makes coliving an attractive option for those looking for more than just four walls around them when moving into a new city. 

Moreover, this kind of lifestyle speaks to our collective desire for belonging; something which can be hard to come by in large, cosmopolitan cities like NYC. Therefore, we must consider how exactly coliving helps us find that sense of connectedness which so often eludes us in urban areas – particularly when it comes to the advantages of doing so in New York City.

Advantages Of Coliving In NYC

Living in New York City can be an incredibly rewarding experience, but it also comes with its own unique set of challenges. 

Coliving is quickly becoming a popular alternative to traditional, more expensive living arrangements, offering residents the opportunity to reap the benefits of community living while still enjoying their independence and privacy. 

From enhanced security and convenience to reduced costs, there are many advantages of coliving in NYC that make it an attractive option for those who want to experience all the city has to offer without breaking the bank.

1. Unique Living Spaces

In New York City, coliving offers renters a diverse set of living spaces that are designed to meet the needs of today’s modern urban dwellers. By combining shared resources and amenities with individual living quarters, coliving provides an innovative way to live in a city where space is at a premium. 

Coliving has become increasingly popular in fast-paced cities like New York due to its many advantages over traditional rental options. 

From providing high-end amenities at budget-friendly prices to creating a vibrant atmosphere of community and collaboration, it’s easy to see why so many people have chosen this type of housing option when looking for a place to call home in the Big Apple. 

The next section will discuss how cost savings and flexibility make coliving even more appealing than ever before.

2. Cost Savings And Flexibility

Coliving in New York City offers renters a range of cost savings and flexibility compared to traditional leases. Residents benefit from lower monthly payments, shorter-term agreements, and shared amenities that can reduce the overall costs associated with renting an apartment or room in the city.

Renters often face high prices for basic necessities in urban areas such as New York City. By living in coliving spaces, tenants are able to share resources like kitchenware and furniture, which reduces the one-time costs of purchasing these items on their own. 

Coliving also has advantages when it comes to rental length; many apartments offer month-to-month leases while some even provide weekly options, so residents have more freedom to move around if needed. 

Additionally, coliving spaces make finding compatible roommates easier, since all potential tenants must go through a vetting process before being accepted into the community. This eliminates much of the guesswork that normally goes into roommate matching when looking at conventional listings.

3. Access To Amenities

Living in New York City comes with a plethora of amenities. When living in coliving spaces, residents have access to the same variety, but at an increased level.

 Not only do these amenity packages include basic items like wifi and laundry services, they also often come with added extras such as swimming pools and gyms. 

It’s easy for people who live in coliving spaces to find relaxation after work or on weekends without having to leave their building.

In addition to this, many coliving companies offer resident-led activities which are designed to bring members of the community together – something that is particularly beneficial when living in a large city such as New York. 

These can range from weekly movie nights and communal dinners, to yoga classes and even trips away during holidays. 

This provides all members of the community with opportunities to meet new people while strengthening existing relationships between housemates – forming an invaluable sense of belonging within the home. 

With so much on offer, it’s no wonder why more and more individuals choose coliving over traditional housing options. 

4. Building Community

Coliving in New York City provides unique chances to build meaningful relationships with those around you. Whether it’s nights out exploring the city together or relaxed evenings spent at the house, there are numerous ways to get to know your roommates and take advantage of living with like-minded individuals. Shared meals, activities, conversations and experiences often lead to long-lasting connections between residents.

When people come into our lives, they bring new perspectives and ideas, which can be extremely rewarding. Meeting members of different cultures, backgrounds and ages in a coliving space brings people closer by creating more understanding within their social circle. 

This type of connection helps foster personal growth while strengthening bonds among peers and forming friendships that will last beyond their time in the house. With these kinds of relationships comes a sense of belonging – something we all crave for but don’t always find easily in such a large metropolitan area like New York City.

Living in close proximity with others also encourages collaboration on projects outside the home – whether it is working on coding challenges or launching art initiatives – having access to other knowledgeable individuals makes navigating life much easier and enjoyable. 

Coliving offers communities where everyone’s talents can be appreciated while allowing them to spread further than ever before due to shared resources and networks gained through friendship.

5. Meeting New People

Have you ever thought about the possibilities of meeting new people while living in New York City? Coliving offers residents a unique opportunity to make connections and build relationships with others from all walks of life. This is especially beneficial for newcomers who are looking to establish themselves in their new home.

Coliving provides an environment that encourages social interaction, as well as many activities designed to foster community building. Residents can take part in communal dinners, movie nights, game nights, or even attend workshops focusing on topics such as cooking classes or business seminars. 

These events give everyone the chance to meet one another and learn more about each other’s backgrounds and interests. 

In addition, coliving spaces often host networking opportunities which allow residents to make valuable contacts within their industry.

These various social activities create an atmosphere of inclusion where individuals feel comfortable enough to open up and share stories with each other. The sense of belonging fostered by these interactions leads to increased confidence among residents and deeper connections between them. 

As a result, it’s no surprise that many coliving inhabitants find that they form lasting friendships during their stay – something they wouldn’t have been able to do so easily if not for the support of their chosen coliving space.

Tips For Selecting A Coliving Space In NYC

When it comes to selecting a coliving space in New York City, there are several things to consider. 

Firstly, the size of the coliving community should be taken into account – is it large enough for you to find friends and like-minded people? 

Secondly, think about the amenities offered in each coliving home: do they align with your lifestyle needs? 

Thirdly, inquire about the safety measures that have been put in place by each provider – this will ensure peace of mind when living away from family or friends.

Finally, look at reviews online as well as word of mouth from others who’ve stayed in these homes before. This can give an insight into what kind of experience one might expect if choosing a particular coliving space. 

Ultimately, deciding on which home to choose involves taking all these factors into consideration and finding out how best to make use of them. With careful thought and research, anyone can find their ideal fit!

Conclusion

In conclusion, coliving in New York City can be an incredibly rewarding experience. With the right knowledge and research, one can find a living space that fits their needs perfectly, while also allowing them to save money and meet new people. The incredible access to amenities, cost savings, flexibility, unique living experiences, and community building opportunities make it an unbeatable choice for those looking for something special out of city life.

The potential for personal growth through coliving is astronomical; it provides individuals with the chance to connect with others from all walks of life, which serves as a catalyst for developing meaningful relationships. On top of this, you’ll have plenty of exciting activities at your fingertips, making it nearly impossible to ever get bored! It’s almost like a never-ending vacation – truly heaven on earth!

Overall, if you’re considering taking the plunge into NYC coliving then there has never been a better time than now – so don’t hesitate any longer! You’ll be missing out on some of the most extraordinary experiences available in modern day city living. So go ahead and take advantage of what this amazing lifestyle offers; I guarantee you won’t regret it!

Author: James Johnson

If you are thinking about buying a holiday home in Spain, you are investing in somewhere that you will be able to relax, unwind and enjoy some beautiful sunshine far away from the drizzle and chills of the United Kingdom.

It’s a very popular choice for people looking for holiday homes, even as Brexit wrinkles continue to be ironed out. However, as anyone who has ever been through this process before will tell you, there are plenty of ways for things to go wrong. This process can be long and difficult, and you will need to take care to get the property that you have always wanted.

Don’t…Buy Before You Visit

This may sound like an obvious point to make, but nowadays it is easier than ever to find a property online and view it remotely. Estate agents can take you on a virtual walk-through that can almost make it feel like you are really there. But there is never going to be a substitute for seeing a property in person.

Leaving aside all of the problems that an estate agent can hide when they are holding the camera, you will never get the proper feel of a place until you are standing in it. So, book a flight to the location in Spain and visit in person.

Don’t…Forget About Your Insurance

One of the main things to remember about buying a holiday home is the simple fact that you are not going to be there a lot of the time. That means that there a lot of things that can happen without you being able to do anything about it for some time. For example, say a water pipe bursts shortly after you head back to the UK.

Alternatively, if you are letting other people use the house while you aren’t there, whether they are paying guests or friends staying for free, they may cause damage that you were not expecting.

Spanish holiday home insurance is the best way to make sure that you don’t end up out of pocket for any costly issues that occur while you are away. QuoteZone has everything that you need to know about the policies you may need, and they can help you to find the best quote.

Don’t…Ignore The Bigger Market

The property market around the world has been going through a lot of turbulence over the last couple of years. Now, prices have started to come down in the United Kingdom as a result of wider inflation, but that does not necessarily mean that the same is true in Spain.

You need to make sure that you are staying on top of the latest developments in the property market there, and in any specific area that you have been looking at. If you are not sure where to start, think about talking to some local property experts.

It is a fact that estate agents will always do their best to get you moved into a property as quickly as possible, so think about talking to any friends who have made similar moves to find out who they dealt with.

Author: Ryan Byrne

The housing market is a crucial part of the economy of any country. It is also an important part in the lives of many people. The house prices have seen significant changes over the years and it will see even more in the future. We can only guess what these changes might be.

House Prices Possibilities

– House prices will continue to rise as they have been doing for decades.

– The government will become more involved with housing policies, such as building affordable houses for low-income families or subsidizing mortgages for first time homebuyers.

– Homes will be built with sustainable materials like adobe constructions, solar panels and wind turbines to help reduce energy use and costs.

– Homeownership rates will continue to decline because of higher prices and fewer homes being built each year.

1. We’re Going to See a Recovery in the U.S. –   Prediction 1

The housing market is recovering, and will continue to recover for the next few years. The U.S. housing market is one of the most important components of the economy, and it has been on a steady incline for a while now.

The housing market has seen an increase in prices from $201,000 to $204,000 over the last four years (since 2013). It is predicted that prices will continue to increase over the next few years as well, with an expected price range of $248,000-$255,000 by 2023.

The U.S. economy is one of the largest economies in the world and has been steadily recovering since 2009 when it faced major economic downturns due to subprime mortgage crisis and recession of 2008-2009.

2. People Go Green – Prediction 2

The world has been experiencing a rapid increase in population and as the population increases, there is also an increase in the need for houses. This means that if we want to live green, we will have to be prepared for a rise in house prices. In order to meet the increased demand for environmentally friendly, sustainable homes, builders need to significantly increase the price of their product.

3. Baby Boomers Disrupting the Market – Prediction 3

The baby boomers are set to retire in the next few years. This will lead to more retirees and fewer people in the workforce. This is going to have a huge impact on the housing market. It is possible that by 2023, baby boomers will buy homes, which will drive up property prices and make it more difficult for young people to buy homes.

4. Millennials Will Buy Houses Too – Prediction 4

The number of millennials who own a home is increasing. The prediction is that the number of millennials who own a home will increase from 46% in 2016 to 60% by 2023. If that’s the case, then those who buy a house will be in their early 40s.

5. Real Estate Is No Longer a Good Investment- Prediction 5

It is predicted that the house prices will drop drastically in 2023. The reasoning behind this prediction is that the population growth in the US has slowed down. In addition, there is a high unemployment rate. This prediction does not seem to be true as of now. House prices are not dropping and the unemployment rates are going down. But if this starts to happen, the housing prices may drop in 2023.

If that really happens it could also mean that it is a good investment to have real estate to rent out. If you are thinking to invest, you may like to look for block of apartments for sale.

Rising House Prices – Does this mean the house for less than 100k will be of the past?

The answer is not black and white. It will depend on the region, type of housing and other factors. For example, in some regions, it might be possible to find the house 100k. But in others, you might have to spend more than 100k to get a house that is liveable. Nevertheless, if you go for a smaller home or a fixer upper it should still be possible to get yourself a nice bargain.

If you like check out our houses for sale for 100000.

Real estate flash sales are a great way to find a new home without the hassle of looking at dozens of houses. They can be stressful if you don’t know what to expect, so we’ve put together some tips on how to make the most out of them.

What is a Real Estate Flash Sale?

A flash sale is a short-term promotion, typically lasting for a few hours or days, where the price of a property is drastically reduced.

The idea behind flash sales is to create a sense of urgency among shoppers and convince them to buy the house before the sale ends.

Flash sales are particularly popular in real estate because they allow agents to sell properties quickly.

Why The Real Estate Market Needs Flash Sales

The real estate market is a competitive one, which means that it requires some serious thinking and innovation to stay relevant. With the rise of online platforms like Airbnb and VRBO, more and more people are opting to rent their homes out rather than sell them. This has caused the demand for rentals to increase, but supply has not been able to keep up with the need.

This is where flash sales come in. They provide a way for investors to buy properties at a discounted price without having to wait for an open house or bidding war. So, no matter if you are just looking for a small house or a block of apartments for sale – a flash sale is always welcome to save a few bucks!

Seller – How to Make the Most Out of Your Next Flash Sale Experience

A flash sale is a short-term promotion of a land or a building at a discounted price. It is usually done by a real estate agent to generate buzz and excitement among buyers.

This type of promotion has become very popular in the recent years.

In order to make the most out of your next flash sale experience, there are some tips that you should follow.

First, you should pay attention to the time when the sale starts and ends because this will determine whether you will be able to really sell your real estate. For example certain holidays – when people are busy with other things – might not be a good time for your real estate flash sale.

Second, you should be aware that this type of promotion may look like there could be something wrong with the property. Therefore make sure you can state a good reason why you decided to make a flash sale.

Buyers – How to Make the Most Out of a Flash Sale

Flash sales are a great way to find a new home without the hassle of looking at dozens of houses. They can be stressful if you don’t know what to expect, so we’ve put together some tips on how to make the most out of them.

1) Be flexible with your search criteria: Flash sales are not just for those who have their heart set on a particular neighbourhood or house size. The best thing about these events is that they offer you access to properties that you would never have been able to afford otherwise – so don’t be too picky!

2) Work with an agent: Agents are experts in negotiating and finding deals and they will have the insider knowledge needed to get the best possible price for your property. They can also help you with other aspects such as financing, insurance and inspections. Why go at it alone?

3) Make sure you know what’s included: Make sure that any extras (such as appliances or furniture) are included in the price.

4) Make sure that everything is in order, all services such as water/sewage, electricity…etc. are at the site. Also look out for any structural problems the building may have. If you don’t trust your own judgement don’t hesitate to bring a building engineer or architect along.

Conclusion

We hope this article has convinced you to take part in a real estate flash sale. You will be glad that you did!

A turn-key home is a new construction that includes all the finishing touches and is ready for occupancy.

It is easier than ever before to find the perfect turn-key finish home for your needs. There are many different styles of homes available, from traditional to modern, and you can customize the home to suit your tastes. You can also find a turn-key finish home with a yard or without, depending on what you’re looking for in the perfect property.

With so many options available, it’s no wonder that this option has become increasingly popular over the years.

What is a Turn-Key Home?

A turn-key home is a house that is ready to move into or occupy without any additional construction. It has all the necessary components, such as plumbing, electricity, and heating already installed.

The term “turn-key” can also be used in the context of a business, where it means that the business is fully operational and ready for customers. In this article we will concentrate on the advantages of a turn-key finish home.

What are the Benefits?

Buying a turn-key home is a great way to enter the real estate market, with minimal hassle. You can find turn-key houses in many different styles and sizes, so it is easy to find one that fits your needs.

A turn-key home may be built from modular or prefabricated parts. In this case the house has already been constructed in a factory and then transported to the site where it will be put together like a puzzle.

A turn-key building is usually cheaper than buying an existing house because the contractor does not have to pay any additional labour costs for constructing it on site.

A Turn-Key Home – Traditional Construction

The architect designs the layout of the house, and the builder builds it according to the design. The builder then hands over the keys to the homeowner, who can move in right away.

There are many benefits to building a turn-key house, such as having all of your needs met in one place without having to worry about finding separate professionals for every job. But there are also disadvantages, like not being able to customize your home as much or living with someone else’s design choices.

But the good news is that usually you can decide how much you like to get involved in the project. Most builders would let you choose colors, tiles, flooring etc. within a certain price range.

A Turn-Key Home – Prefabricated

A turn-key finish house that is prefabricated, is made in a factory and then assembled on site.

Prefabricated homes are also known as modular homes. These are assembled in a factory and then delivered to the construction site where they are put together. You can buy these houses from catalogues or from companies that specialize in this type of housing.

The process of picking from a catalogue means you have to find the house that fits your needs, order it, and wait for it to arrive to the construction site before you can start building it.

Prefabricated houses and modular houses have their own advantages and disadvantages. It’s important to understand these differences before you make your decision of buying one of them.

Conclusion

In conclusion, buying a turn-key building is great for people who are looking for a home that has everything they need and want. They don’t have to worry about the hassle of finding different contractors to install different things in the house.

This article will provide an overview of the current state of the construction industry, as well as what to expect from it in the future.

Construction projects are a major source of employment and economic growth, but they’ve been lagging in recent years due to a number of factors. It’s important that we take a closer look at these factors so we can better understand how they affect our economy and what we can do about them.

The construction industry is a crucial part of the economy. Construction jobs are projected to grow by 10% through 2022, according to the Bureau of Labor Statistics. It’s also one of the fastest-growing industries in the nation.

How Higher Interest Rates Affect the Construction Industry

Construction is a cyclical industry, and the market is currently in a period of expansion. However, higher interest rates can affect the construction industry in two ways. Firstly, they can lead to higher mortgage rates which will increase the cost of home ownership. Secondly, they can lead to decreased demand for homes which will decrease new construction starts.

Age Effect

The age effect is a factor that can cause the demand for housing to change. The changing of the factors in the population over time can impact on what people are looking for when they look to buy or rent a home. For example, older people typically want larger homes with more space and amenities due to their health and declining mobility. Younger people, on the other hand, want single-family homes with smaller spaces. Market conditions can also impact home values, meaning a property may be worth more during a boom or less during a bust.

How Expensive Material Affects the Construction Industry

The construction industry is a business that is highly dependent on materials. The cost of these materials can have a significant impact on the profitability of the company.

The price of materials has skyrocketed in recent years due to inflation and scarcity. This has made it difficult for companies to keep up with demand, especially smaller companies that cannot afford to pay higher prices.

The prices of these materials are not expected to change anytime soon, so companies will need to find ways to work around this problem if they want to remain competitive in the market.

One idea that is to build with cheaper materials, for example rammed earth houses. It is environmentally friendly, usually available on site and available at very little cost.

How to Prepare for a Future with Higher Interest Rates and Expensive Material

The conclusion is that the future of the economy is uncertain. We can’t predict the future and we don’t know how it will change. It’s up to us to prepare for any possible scenario – for example to consider alternative construction methods – and be ready for anything.

Thinking to buy a house? Have a look at our listings: https://www.propertyunder100k.com/houses-for-sale

It is common knowledge that acquiring real estate is one of the best investments you can make since it is one of the few assets that increase in value over time.

Few investments are as safe as buying land. In general, lots for residential purposes are better known. However, a piece of land in a commercial area provides additional benefits that we will talk about in this article prepared by Sky Marketing.

But before we begin, we must define what a commercial zone is and how it differs from a residential zone.

What is a Commercial Area?

We can define a commercial area as the extension of land that is located in urbanized areas and whose purpose is to establish commercial businesses and promote the local economy. An example of this is the small shopping malls that group a certain number of businesses such as laundries, restaurants, convenience stores, and stationery stores, among others.
It can also be a shopping center where there is a greater number of businesses, in addition to activities for recreational purposes.

Commercial zones are not something recent since this concept arrived in Latin America during the 20th century. Its origin goes back a few centuries in the rural communities of Ireland, spreading during the following years to the rest of the world. The creation of commercial zones had its origin in need to generate jobs and boost trade. In this way, they evolved to what we know today.

Benefits of Land in Commercial Areas

Currently , large investors opt for the purchase of commercial land, as they generate higher profits than residential land. In recent years, Pakistan has been in the sights of foreign businessmen looking for investment land that will bring them safe profits in the medium and long term. This is due to the fact that as of 2018, an increase in investments in the real estate sector was observed, generating excellent opportunities to acquire land at a good price, in addition to the fact that the advantages of investing in the land even in times of crisis are still valid.

Based on this, we mention the main benefits of buying land in a commercial area:

1. Accessible Investment

Acquiring land is more accessible than buying a residence, and in most cases, it is not necessary to resort to a mortgage loan. You can acquire commercial lots at a very good price and in comfortable monthly installments, ranging from 12 to 36 months, even more, if the case arises.

If you have capital, allocating it to commercial land is the best option. In this way, instead of spending your money, you will be saving while acquiring assets that will make your initial investment grow with little effort.

2. Return on Investment

When you acquire land for commercial purposes, the return on investment rises considerably. Not only because it is cheaper to buy land, but being in a commercial area increases its value, unlike residential ones. The return on investment is calculated based on the purchase conditions, the flow of money and the capital gain obtained. This information is what gives you the certainty that your purchase was a good investment.

In summary, it ensures the profitability of your investment in the medium or long term, both in terms of ROI (Return on Investment) and ROE (Return on Equity), since the average growth rate of the investment rate in a piece of land is between one 12% and 20% annually.

In order for the value of your land to increase, it must meet certain conditions. For example:

• Location in an urbanized area
• Commercial and pedestrian flow
• The surrounding population and its purchasing power
• Price of nearby properties
• Maintenance and use provided
• Time and quality of materials (in case of construction)

The price and value of the property are different concepts; the value that the land can reach is the one that will allow you to obtain the return on investment.

3. Stability and Security

As we mentioned, buying real estate is one of the safest investments you can make. In addition to protecting your finances and your future, it will guarantee you a constant source of income if you want to rent it.

Having an estate on land not only gives you the peace of mind that your money is safe, but it grows with each passing year. Investing in real estate will give you the opportunity to build a network of properties, which can serve as collateral for other businesses or for retirement.

4. Price and Additional Costs

As we mentioned, it is clear that it is much more affordable to buy land than properties with construction. And not only that, the additional expenses are lower and most of them can be purchased in monthly installments.

There are good opportunities to buy at competitive prices and it is even better when it comes to a pre-sale of land since the savings are greater, which is reflected in the increase in profits in the future.

If you decide not to build, the expenses are almost nil. For example, the property tax is much lower compared to that of a property with construction. As for maintenance costs, you will not have to worry since the wear and tear of the land is non-existent.

5. It is Ideal for Any Type of Investor

The real estate market is friendly, which allows all types of investors to acquire land for business even without being very steeped in real estate. Commercial lots are ideal for first-time investor who wants to start their own business, for a small business owner who wants to expand and even for large investors who want to expand their network of properties.

In addition to the above, acquiring a commercial lot prevents the emotional attachment from being generated, and it is important to point this out because the attachment that sometimes arises towards properties can cause accurate and convenient deals not to be closed in the future for you.

6. Varieties of Use

One thing that stops first-time investors is wondering what business to do on a vacant lot. To answer this, the main advantage of land in a commercial area is its variety of uses.

How is this? Depending on the type of commercial area, you can put a wide variety of businesses ranging from hairdressers to convenience stores and even for residential use, for example, a set of apartments for rent.

The advantages of this are many since you have a free hand to choose the type of business you want to start, or on the contrary, leave the land as it is to resell when necessary, which we will talk about later. Another advantage is that you can know the type of business that the other lands will have as they are acquired, and in this way, avoid repeating them.

7. Extra Rental Income

You can generate immediate profits with your land by leasing it, either through traditional means or even renting it to franchises.

Acquiring land in a commercial area gives you several business opportunities, for example:

• Lease the Land: If you have no plans to sell it in the short term or build on it, this is an excellent option. A large number of companies and businesses are always looking for a well-located space to expand, which is beneficial for you since you will not have to invest in construction and the land will be generating constant income while increasing its value over time. Even if you decide to sell it at some point, the company that is leasing it might be interested in buying
• Build on the Land: Another option is to build one or more premises, even make a small commercial plaza with which higher income would be generated with the rental costs. However, this implies a greater investment, extra effort and additional expenses such as taxes and maintenance.

In addition, if you take into account that land is a finite product —that is, it cannot be produced more than what already exists— the demand for land with a privileged location in urbanized areas will increase, and with it, the opportunity to close a good deal.

8. Possibility of Selling at a Good Price

If your land meets the requirements to generate capital gains, you can obtain an attractive profit in the medium or long term since the value of the land increases as the area develops and grows.

The benefit of this is that in terms of land, competition is low since most are focused on buying homes and are unaware of the advantages of land.

What should you Take into Account when Buying Commercial Land?

Now that you know the advantages of commercial lots, we can mention that an additional one is the ease with which you can close the sale. However, we will tell you about the main factors that you must take into account so that your investment is safe.

1. Research the reputation of the real estate company that is making the sale. It seems logical, but sometimes it is easy to get carried away by promotions or prices, and although it is important, you must make sure that the seller is trustworthy and has experience in the field

• Check the location of the land. Most don’t have pictures of land because there isn’t much to show. However, making sure the location is compliant is vitally important. Check that the flow of people is constant and its proximity to inhabited areas
• Check the legal status of the land in the Public Registry of Property (RPP) to make sure that everything is in order

• Confirm the commercial permits — for land use — and the type of business you can open in the area. For example, a business dedicated to the sale of liquor would not be appropriate if there is a school nearby
• Keep up to date with the payment of taxes that corresponds to each party involved in the sale to have an accurate budget

Differences between Commercial Land and Residential Land

When it comes to buying land, such as NMC , you may wonder what is better, whether to buy a house or commercial land. Among the main differences that exist between them —and that will help you make a decision— are:

1. Infrastructure

A property for housing can hardly be used for business, especially in residential areas where it is not allowed. Commercial land can be residential or mixed-use, which gives you an advantage over what you can build and how you want to use it.

2. Business Opportunity

Homes have a higher level of competition and a higher level of effort is required to make a profit. In the case of commercial lots, as we mentioned, the competition is much less, which makes buying and selling more accessible.

3. Maintenance Expenses

A property generates constant expenses due to the wear and tear of the property, either by use or by the passage of time. On the other hand, wear and tear on land is non-existent, so maintenance costs are almost nil.

4. Acquisition Cost

A property intended for housing is definitely more expensive, and usually, the payment has to be made in a single installment unless the purchase is made through a mortgage loan. Commercial land is more accessible and does not require a bank loan since they have their own financing in much shorter periods of time. 

If you are thinking of investing in a commercial lot, consider doing it in Blue World City and approach the experts. We are Sky Marketing, and we will answer all your questions regarding real estate. Contact us.

Author: M. Rubayet