Things to Consider about Holiday Home as Property Investment

Spending your time for a getaway is good idea because sometimes you need to be free from daily hassle due to overloading works.

Most people share the same thought because it is not secret that people work really hard to get what they want in life that sometimes they end up burnout. This is an opportunity for property investing. With high demand of spending holiday, people need accommodation. Thus, holiday home has become one of promising assets to invest in.

So, should you buy holiday home then?

Consideration before investing in holiday home

Things to consider before investing in holiday home

Holiday home is important for holidays. However, it doesn’t make it as good investment if you aim for steady income. You may have heard or seen some successful investor who buy holiday homes.

Well, it might be because they have already had steady investment they can rely on while holiday home is their secondary investment. They may only use it occasionally and rent it out during holiday seasons. So is it good to buy holiday home as property investment?

If you are really going for that, before buying holiday home, you need to find out the reasons why you should buy it in the first place. Is it really for financial reasons or only lifestyle?

Lots of people find it easier to think that investing in holiday home means you have more freedom to neglect all investment fundamentals. In fact, you need to pay attention to the fundamentals even if you invest in holiday home especially if it is financial reason why you choose it.

It is also doesn’t mean you cannot invest in holiday home.

What you need to do is to find out the real reason before making any decision. You also need to make plan of what to do once you purchase the property. Buying holiday home needs considerations just like any other properties such as location, and financial setting.

You have to remember as well that holiday rentals work differently than residential properties.

Demand of holiday home is only consistent and reach the peak during holiday seasons. Thus, there will be period of time when your property is vacant for weeks or months before holiday seasons come again. If this is your main income, you’d better think twice before buying holiday home.

The next thing to be considered is the location that is also determines your success in investing.

Proximity to the attractions and places of interests such as beaches is important point to consider. If the location of holiday home you are going to buy is far from the main attraction then you might as well consider permanent tenants.

Another thing you can do is to make sure to sort out your financial setting and budget because most holiday homes or apartments are more expensive than normal properties.

They even increase during peak season.

This also means that holding cost of holiday home may be higher than you initially calculated. You also need to consider your stay in the property. If you spend too much time lounging around your holiday home, the lesser the chance to get rental income. You need to think the best strategy to avoid vacant holiday home during and outside holiday season.

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Things to Do When Your Property Price Drops

There are always risks when it comes to business and investing. Buying a property as an investment can be good idea. However, there are many things that can cause your business goes wrong. One of the risk of property investing is that when the property value falls in weeks or just months later even before you gain any profit from it. This is can be stressing especially for new investors who haven’t gained enough experience yet in the industry. To prevent it, most investors do thorough research regarding to the property before buying it. However, sometimes there are things you cannot control and make the price falls no matter how good your initial preparation is.

What to do when your property value falls

When your property value falls, it may take you few years for the recovery. The amount you paid for it cannot be recovered overnight. The experts say that one of the most influential to the fall of property value is timing. However, it is also impossible to know exactly what will happen to the market even when you have calculated the timing. So what to do when your property value drops?

  • As mentioned, timing is important when it comes to property investing. You can minimize the risk of dropping property value in the future if you do your due diligence thoroughly beforehand. If you buy the right property at the right place in the right location, at least your property will still be valuable even in the peak of the market. Just because you cannot predict the future doesn’t mean you should be ignorance of the important point of property investing and it is the property quality itself.
  • When your property value drops, you can focus on long term goal instead of the short one. You can just hold on your property investment for 10 or 20 years longer. This way, even timing will have less impact to your property value. Holding onto your investment for longer can be a better solution. You may not gain the profit at the time but at least it will be worth it several years later.
  • There is still positive side even when your property values drops. At least, you have equity. Just imagine if you had not invested in property at all, your equity will be zero. This is why it is better to focus more on long term outcomes so you don’t even have to worry about the forecast of the market and timing.
  • It is highly recommended not to depend on hype articles and media reports about property crashes and stuff. This will only make you more paranoid of your property investment. Instead, you can focus more on making valuable investment by choosing promising property based on the right principals. Thus, the value will be increasing 4 times more in 10-20 years’ time. If you more focus on the quality of the property instead of market timing, the less you will be worried about dropping price.  
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What You Need to Do when Handling Property Development

Property development is promising yet challenging to handle. There are many benefits you could gain when you can finish the project perfectly and meet the needs of the society. However, starting from the beginning to the completion requires many due diligence you cannot skip even for one step. Being property developer can open more opportunities for you to develop your skill in real estate market. With knowledge and experience, you can reach your goal. Real estate development is complex but it is not impossible for you to handle. Besides, the profit is worth it. To keep you motivated, remember that there are people who have reach their success in property development. You can follow their path using your own ways.

What You Need to Do when Handling Property Development

Things to do in property development

There are various guidelines on how to process property development. However, you may need to learn more about the principles of town planning as well as how each Council interprets the overall development code. You usually needs to rely more on the local neighborhood character when it comes to making concept of the development. Here are things you need to do when it comes to property development:

  • Research is basic thing you need to do in the beginning of the process. There are many things you need to research including the land, the market, etc. to know which land you should purchase, you can consult the town planner instead of real estate agent. You also need thorough research to find the right property to purchase. The first aspect you should consider is the site. It relates to the next important aspect, which is your market. It will be more helpful to research more about the economics in general and not only on the property market. Then, you will have better preview of which site you should choose
  • Choosing the best site is critical when it comes to property development. Prime location is much better than secondary location. It can sell and lease better in general. You also need to take everything in details to consider. Therefore, you have better view of what to do to gain more profit and meet the society’s needs. Then, feasibility is also important aspect to include. Keep in mind that property business is game number. Thus, you cannot develop a property based on feeling but calculated steps.
  • When you pay more attention to the feasibility study, you make sure there will be profit to earn. In following feasibility study, there are various aspects you need to consider. They include purchase price, date, and settlement. You also need to estimate your interest cost in this matter. Next aspects to consider are legal costs, consultant’s costs, construction costs, rates, taxes, a contingency amount, as well as incomes either from sell or rental. It sounds complicated to do all the feasibility study. However, it helps you to avoid loss so that you can gain better profit. In the end, you need to gain more benefits and profit to grow your business bigger.
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So You Are Planning to Build Komodo Yacht Charter Business? Here’s How

Ever since its new achievement as one of the New 7 Wonder of the World, Komodo National Park, Flores, continues to draw tourists from all across the globe. Some are thriving to see the only dragons left on earth—the Komodo dragon. Wild, ferocious, endemic, and totally prehistoric, Komodo is nature’s true heritage to the modern world. Others are thrilled to explore the raw and wild national park; hike the undulating hills, dive to the rich marine life, venture to all the empty beaches, and float in the clear salty water. For many, Komodo is a representation of pure paradise.

The National Park and UNESCO’s World Heritage status of Komodo that put it under tight rules and protection of conservation make development virtually impossible. The preserved wildness, however, is one of Komodo’s strongest charm. People finds the remoteness as an escapist haven. Since the futility of conventional hospitality business, tourism industry shifted its focus on the only prosperous accommodation on Komodo; the liveaboard and yacht charter. In a place where water is the majority, water-related business shines the brightest. One of the busiest business is Komodo yacht charter, which always finds customers to sail with, no matter the season is.

So You Are Planning to Build Komodo Yacht Charter Business? Here’s How

Flores is the Perfect Place for Komodo Yacht Charter to Grow

When the secret of Komodo was just first leaked to the world, tourists started to come in steady sprinkles. The wondrous landscape of Komodo begin to spread wider, faster, and now that sprinkles has turned into streams. As long as the national park opens, Komodo will never lacks of tourists. And every tourists who venture to Komodo need a boat to take them travelling around. Here your opportunities lie.

People are looking for high flexibility; Komodo yacht charter is their answer.

Open-trip kind of travel is definitely the pioneer of Komodo travel. It’s where owner of the boat set fixed itineraries for Komodo sailing trip; durations, places, time tables, number of passengers on boards, and everything else. Passengers then buy the available slots and follow the itinerary. Komodo open trip is generally cheaper, but it usually require high tolerance to majority’s need and rigid schedule.

Today, travelers are keen to express their individuality. A lot of travelers prefer a more flexible itinerary than fixed ones, where they can have the freedom of choosing their own favorite destinations or arrange the time tables according to their physical conditions. For these travelers, booking a Komodo yacht charter definitely sounds more promising than signing up for the open trip one.

Komodo is no longer backpackers’ destination only—luxury travelers has expressed their interest as well.

Given the rough landscape, remoteness, and lack of development, Komodo has initially been almost exclusive to backpackers. But since the popularity of the sailing trip, a lot of “high-maintenance” travelers who were more accustomed to resorts and private bungalows than bunkbeds begin to flock to the rugged national park. The rest is predictable. These type of luxury travelers are often more comfortable to be surrounded with creature comforts and high privacy when they want to enjoy the nature. The correlation is simple. Your Komodo yacht charter business will always finds its market.

What are you waiting for? It’s time to set your yacht kingdom in Flores.

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The Risks of Always Following the Crowds in Investing

Investing in property may sound tempting especially when you heard about successful investor who have become rich. However, success is not something you can gain overnight. Many of successful investors spilled blood, sweat and tears for many years before gaining their success in property investing.

Some of the risks of the crowd-following investing

This shows that investing in property has its own risk and weigh you should consider before taking any action. It doesn’t mean you should not investing in property. However, being extra thorough throughout the process won’t hurt either.

3 risks of crowd-following investing

It is like a nature to follow the majority because it causes certain excitement. For example, you will feel delighted when you are in the middle of the crowd during a festival or music concert. The hype and adrenaline seems to bust your energy surrounding you with optimism and positivity. However, the crowd in property investing is not always positive. It can lead to negativity as well. Thus, you need to be aware of the risks if you follow the crowds when it comes to investing in property. Here are things you need to know about it:

  1. One of the reasons why investor tends to follow the crowd is because they thought the others have done their research and preparation. Then you will believe that your burden will be lifted and your risk is reduced. However, it is not like that. There is no change of your risk in property investing even when you follow the hype of the others. You have your own risk that should make you be wary and prepared. Thus, you should not just follow a crowd of investors who choose certain location to invest. Take your own calculation so you can minimize your own risks.
  2. Those who tend to follow the crowd in property investing are often the new comers. Since they are new in the industry, they have a need to feel safe somehow which end up in following the crowd instead of doing their own due diligence such as research. The hype or excitement of the crowds often caught new investors to make decision. However, making decision solely based on the excitement coming from the crowd is not a wise thing to do. You need to rely more on your own research so all information and data you collect will be reliable to help you make wise decision.
  3. One of the situations in which most investors are caught in the crowd is during bidding. The buzz of energy and excitement during bidding sometime can overcloud your judgment. It is not impossible that you end up buying overvalued property. However, it is not a good idea to lose your guts in investing just because you are afraid of making mistakes. However, it is wise to not follow the crowds blindly when it comes to property investing because it only increase the risk of failure. The best thing to do to be successful is doing your own research, seeking advice from professional and have self-discipline in doing your due diligence no matter how insignificant it seems.
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Gender Tendencies of Decision Making for Property Investing

Property investing is about number. Every decision you make should be based on thorough research and calculated risks. Of course, taking right decision in investing needs guts. Making financial decision in property investing relates to gender tendencies more or less. Men and women have different tendencies in making decision. However, it doesn’t mean men are better than women or vice versa. There are different qualities you can adopt from both men and women to help you become successful property investor. Of course, it doesn’t mean all men or women act the same ways. However, there are distinctive habits or tendencies own by different gender in making financial decision especially in property investing.

Making financial decisions in property investing

Instead of searching for weakness from both men and women tendencies, it is more advantageous to fin the strength you can learn to adopt to. Gaining success in property investing cannot be done in a day or two. It may take several years for you to finally reach your goals. However, there are always lessons to learn during the process to make you experienced investor. Here are gender tendencies in making final decision of property investment you should know:

  • In a matter of buying or shopping, men tend share similarities. They’d rather do it quickly, quietly, and painlessly. Meanwhile women tend to more thorough, measures, and detail-oriented. In the matter of buying property, the manners of women tend to be more advantageous. It can help you to avoid making bad decision in choosing property to invest in.
  • In the matter of taking risks, men tend to be more decision and brave. They also tend to rely more on rationale thinking instead of second-guessing everything. Meanwhile, women tend to be more indecisive because they like being thorough. In this matter, it is more beneficial to adopt men tendency which is more decisive. If you spend too long to make decision, it is highly possible that you will likely miss great opportunities to have great deal in property investing.
  • In the matter of researching, women tend to be more thorough. They also tend to be more willing to seek advice and help from others. Meanwhile, men to be more pride-oriented which often make them doubt others. Women tend to be more receptive in financial advice and research. Thus, they rely less on gut instinct when it comes to financial decision making. Thus, it is best to use women approach in this matter. Women also tend to be better in negotiating and handling financial management because think long term and take their time to process everything.

Therefore, it is best to combine the strength both men and women have in making successful investment. To be successful in property investing, financial decisions are essential to take properly. Thus, it is best to be decisive, thorough and clear on what you want to accomplish through the investing. You need to be more willing in taking risks without neglecting advice from professional and experts. It is also great to direct your passion and energy to calculated actions.

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The habits of the rich to help you become successful investor

It is quite impossible to find people who don’t want to be rich and successful. However, rich doesn’t always mean successful and vice versa. Some people also view rich as not related to money itself. Thus, rich doesn’t always about owning how much money but how you think about it. If you can adapt the right habits of the wealthy properly then you will be able to reach success in your property investing. It is not a guarantee but at least it helps you in treating your asset. Knowing what to do with your money is more important and valuable than only owning it.

The way the wealthy think you can follow

This is not some kind of stereotyping the rich or the wealthy. However, there are similarities of the habits the rich share that may help you to become successful investor who not only own amount of money but also make it bigger and more valuable in your life. Here are the habits you may follow from the wealthy:

  • Average people mostly think about how to spend their money. However, most rich and successful people think of hot to invest their money. There is difference between spending and investing money.
  • Most people are always worried about running out of money. However, the wealthy and successful people think about how to use money they have to make more of it. Instead of worrying, they are busy making strategies to use the remaining money they have to be as worthy as possible so they can earn more,
  • It is also common for most people to adopt hard work. They believe it leads to success and rich. However, the rich use agility and creativity to reach their success. It doesn’t mean hard work is not impactful. However, knowing what to do is better than only working hard without knowing what it is.
  • Successful people don’t procrastinate. They have self-discipline to maintain and they don’t just wait for everything to happen. They are active and far from being lazy or just believe in faith. They make their own fate.
  • Making mistake is common including in property investing. You cannot gain success overnight. In fact, it takes years before you are successful and gain profit. Instead of finding mistake as problem just like average people, it is better to think of it as a lesson to move on and do better because that’s what the rich do.
  • Most successful people always set their financial expectation high so that they stay motivated. However, they do it with calculated risks. Thus, they don’t jump in everything blindly. This is how they make their own success.
  • The rich always search for potential and skills and not only from themselves but also from others. They believe in teamwork to help them gain success. They also tend to avoid blaming others when something goes wrong. They take responsibility and find the right solution. They always believe in win-win relationship to be more beneficial.
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Important Factors Before Invest Buying Bali Real Estate For Sale Cheap

Bali is not separated from tourists and investors. Investors are increasingly keen to choose profitable investments. Whether it is long-term or short-term profits are always in demand by large-scale investors or private investments. Having property, especially in Bali, might be thought to be just a dream. In fact, Bali real estate for cheap sale is easy you can get. Wherever your real estate location is, the price will always increase, at least 25% per year.

Bali Real Estate For Sale Cheap

Finding Bali real estate for sale is cheap, maybe an easy matter. But are you sure the property you are buying is suitable to be inhabited? This is an important factor. Don’t just look for properties at cheap prices. Quality is the main thing for a property. The price you spend on a property is not small, for that, investment Bali real estate for sale cheap must be really profitable.

Some factors That Should Consider To Invest Bali real estate for sale cheap.

Bali Real Estate For Sale Cheap Amid Stable Economic Growth

Based on reports, economic growth in Bali reached 6.24% in 2016. The economic growth rate showed a 0.2% increase compared to the previous year. Bali’s economy has risen steadily and is the largest economic growth outside Jakarta. Investment opportunities by searching for Bali real estate for cheap sale will be very profitable. Politics also plays an important role in the economic growth of a region. Amid the current leadership of the President, it is expected to bring Indonesia towards greater capabilities of foreign money.

Increased Arrival of Travelers

Tourist arrivals in 2017 amounted to 453,985. This data shows an increase of 20.82% compared to the previous year, in the same month. Many factors help increase tourist arrivals in Bali. The factor of comfortable, luxurious accommodation, and being able to spoil tourists is one reason why tourists call Bali a piece of heaven. Cheap Bali real estate investment for sale is the best for the long and short term, especially in the form of villas.

Infrastructure Repair at All Locations

Road infrastructure is one of the important ways to access many unspoiled tourist destinations. There are many hidden destinies that tourists can explore. The convenience of reaching a hidden destination will greatly increase the number of tourists in Bali. Automatic accommodation needs of travelers will be higher. This brings fresh air to increase your personal investment income.

Bali Real Estate For Sale Cheap Buying Guide For Foreigners

Clearly, there has been a ban on property ownership for foreigners. There is no denying that the interest of foreigners to own property and live in Bali is very high. Want to have a Bali real estate for sale cheap means you have to be ready to partner with trusted Indonesians where they will have rights to your land and property. But if you do not want to partner with local residents, then you will have “Hak Pakai” for 20 years to start, and an extension of 2x with a total “Hak Pakai” for 80 years. Or, as long as foreigners have a residence permit in Indonesia.

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Lies about Property Investing That People Often Fall For

There are myths and lies in almost all aspect in our life that we have fallen for so long unconsciously. There are also lies in property investing that many people often fall for.

There are many reasons why people fall for to those lies. It can be because they are too lazy to search the fact or because of something else. However, it is important to remember that property business is about fact and valid data. You cannot reach success in your investment if you rely everything on myth and fall easily to lies.

Property investing lies you might have fallen for

Property investing lies you may fallen for

A simple lie about property investing is that when everyone believes that house is a better investment than apartment. Generally, house is more valuable than apartment. It is not always the best investment because apartment is also capable to deliver substantial profit.

Location is often the main factor to determine which one is better investment. Here are other lies about property investing you should learn:

  1. Another lie is regarding to stereotyping property market. For example, people often talk about Australian property market, etc. the fact is, there is no such thing as ‘one’ property market. Every place operates with different demand and supply. Thus, stereotyping is not wise decision when you are investing in property. There are many factors related to location which can impact property’s value. Aside from location, price points and property type are also the factors that give impact significantly.
  2. Another lie is regarding to property clock which says that you should buy at the bottom of the property cycle. In property market, midnight represents the peak of hot market, while 6’o’clock represents the bottom of the cycle. However, it is not the factors which impact the success of your investing. Of course, you have chance to bargain when you choose to buy at the bottom. Buying property cheaply doesn’t guarantee you gain high profit. Buying the right property will be more impactful to do. Thus, it is wise to analyze the property market and don’t easily believe in false wisdom.
  3. Another lie is people say that properties value double in value every decade or so. However, it is not true. The fact is, not all property is created equal. Thus, you should not invest only because you believe and hope it will make a good investment and rise in value in a few years. Every place has different performance regarding to their property market and rising value. Finding Investment grade property that can outperform the average is more impactful to reach your success in investing.

You have to know as well about the things to anticipate before your property investment falls, so you’ll get the success you are deserved in property business.

Instead of relying on myth and lies, it is more important to rely more on professional advice as well as careful consideration and thorough research. Formulating an investment strategy is challenging. That is why you need to do it based on trusted information source and valid data. Thus, you can make wise decision and reach your goal. If you keep doing it well, you can even take your investment to another level.

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Managing Property Development Project Properly

Managing development project requires you to be more dedicated. Besides, there are many choices you need to decide based on thorough consideration. It is not a secret that property development project is complex task to finish. Both professional and beginner has their own challenges in handling a project, no matter how small the project is.

It is not only your skill you need. You also need a team consisting of skillful and reliable members. The team consist of different people with various expertise such as architect, project manager, financial planner, lawyer, etc.

How to properly manage your property development project

The success of a project doesn’t rely on one person when it comes to property development. All effort gathered from every member of the team really counts.

Managing property development project properly

You also need to ensure that preparation in the initial of the project is done thoroughly such as doing your research to gain reliable data and information. Here are things you can do to manage your property development project properly:

  • In managing your project, you need to know there is thing called project triangle. This is critical factor is development project referring to cost, time, and quality. You need to ensure to learn more about this project triangle even before starting your project. You need to include all three factors into consideration. To help you learn and understand more about project triangle, you can ask from professional for advice. You also have development manager to hire and help you make right decision about your plan.
  • Another important point of managing and executing your development project is to find out what your goal is. To help you clarify where you want to be, you can use the project triangle. For example, your goal is to complete the project quickly. To reach your goal, you may need to pay a premium for faster construction. If your goal is to complete your project at minimum cost, it may create extra tension on the time and quality. If your goal is to have high quality project, you are likely to pay more. It is also likely to take longer time.
  • Most beginners often aim for time, cost, and quality for one project. It is possible but also hard to achieve. Besides, you won’t go anywhere when you are too greedy. Thinking rationally is what you need when you handle property development project. To make your project goes smoothly, you need to choose what goal you really want to achieve. You also need to consider your capability, financial situation, etc.
  • Most new developers tend to insist in creating high quality project and go over budget at the same time. However, this approach often end in small profit or failure. It is great to follow adapt the traits of experienced developers who focus on strong cost and time. The best thing to do to complete perfect project is to balance all three factors with bias for one particular point. This will make your work easier because you can more focus on one goal.
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