Written by: James Bovell Summary: Find out what you need to know before you buy real estate in the Cayman Islands. The Cayman Islands have become a thriving financial hub because of the...
Structuring the paperwork and form of partials usually occur in three common ways. Each of these ways have a few advantages and disadvantages to them. Out the 3 types that we will discuss,...
Why Purchase An Old House?3
Posted by admin | Comments Off on What Makes the Cayman Islands Such an Attractive Place to Buy?
The Cayman Islands saw a surge of luxury property sales in 2014, a bump as large as 40% with a net value of properties in the $150 million range. Driving this surge is a large development of condominiums along Seven Mile Beach, and a renewed interest in the island from the economic recovery. Real estate in Grand Cayman represents a significant opportunity, and now is a good time to buy. Here are some of the reasons that real estate has remained an attractive prospect.
One of the reasons the Cayman Islands remains so strong is because the market is not limited to Caribbean Vacation homes for sale. There are commercial properties and hotels for sale as well. The variety of investment opportunities attracts different buyers. Individuals seek out a vacation destination, while investor groups may look for business opportunities.
Cayman is not the only island vacation destination, so it must remain competitive. Many cruise ships pass through the area bringing tourists from all walks of life. Grand Cayman is in the process of renovating its airport to meet the needs of new travelers. Crime rates are already quite low, and the island maintains a number of extremely clean and well-staffed resorts and diving spots that continue to bring tourist dollars, and new renters, into the area.
With a variety of investment opportunities, investing in the Cayman Islands is an excellent idea for your retirement fund and for the community.
Bio: The Dream Finders team, led by James Bovell, deals exclusively in luxury real estate on Grand Cayman. To find your dream home, contact Dream Finders today.Read More
Posted by admin | Comments Off on The Advantages to Getting a Home Inspection
Home inspections are used to provide buyers or sellers a report on any major issues with a home before its closure. Many realtors require home inspections, especially with newly constructed houses.
There are options where you can hire a local inspector to check the interior and exterior of your home. This is important because any issues with ventilation, fire hazards, or even leaks will be addressed. Here are some common inspection areas.
Everything from square foot to ventilation issues will be checked. Note that with an absence of a window or any type of fan can result in mold and mildew problems.
By checking your electrical outlets for any discrepancies or electrocution hazards, the inspector will notify you on what needs to be replaced or fixed. This is important because your electrical source is the heart of your household.
Your garage is a safe haven for your cars. It can also be a problem for carbon monoxide poisoning. This is one of the first things that they will inspect. A well-ventilated and fully-operating garage is almost always a certain pass.
Your inspector will check your plumbing system, which includes: faucets, showerheads, pipes, and sinks. The main water shutoff and water pressure will be checked to see if it properly meets standard regulations.
If you are looking to sell or buy a house, you might want to consider hiring a home inspector. With an average price of around $300-400, it might be the make or break of whether or not that house is ideal for living. By addressing and fixing the issues that your home inspector will bring up to you, you can end up saving tens of thousands of dollars.Read More
Posted by admin | Comments Off on Spend More Time Outdoors with Wicker Furniture
Could you use more time outside? Most of us could. The majority of people are indoors all day. Your kids go to school and then might play indoor sports or sit in front of the TV. You most likely spend your day in an office or some other indoor environment. On either side of that, you’re in your car. The rest of your day is probably spent at the gym, inside the kitchen preparing meals or back in the car shuttling your kids to their various after-school obligations.
If you have an outdoor living space as part of your home, then you should really think about getting furniture so that you and your family can spend hours outdoors in comfort. While you have many options to choose from, wicker patio furniture makes the most sense. Not only does it look great, but it’s plenty comfortable too and will last you for years and years on end.
Make the affordable investment in outdoor wicker furniture and everyone in your household can enjoy getting outside more often.
Don’t let your home’s style suffer because you lack the right wicker furniture. Instead, use timeless pieces made of wicker to give your home an enviable appeal. At Wicker Paradise, you’ll find everything you need and so much more.Read More
Posted by admin | Comments Off on The Current State of Commercial Real Estate in Grand Cayman
Written by: REMAX.ky
The Cayman Islands is one of the largest business centers in the Caribbean, with a financial industry that rivals most other nations. Quite simply, Grand Cayman is thriving. Many of these big corporations owned downtown commercial real estate in Cayman, but there has been a shift to Seven Mile Beach as well.
Investing in Commercial Property
Office buildings have unique selling points that don’t apply to homes. For one, Cayman Islands commercial property must offer both prestige and comfort. With so many new buildings in the area, that keeps owners competitive and the town beautiful. Business owners, especially those in finance, expect the finest in technology and comforts.
Those in the know about commercial properties tend to refer to two types of building classes. The first group, called “class B,” is on the more affordable side. While high-end tenants have moved into the second group, called “class A,” there are good deals to be found on rent in the class B buildings. This has hurt the bottom line of some building owners, but it’s also opened up the market for buyers and renters who aren’t in that top income bracket.
The commercial and residential markets in Grand Cayman are very different from one another. Real estate in Grand Cayman is also susceptible to location, which dictates pricing. Especially with regards to commercial buildings, which is why high-rise class A buildings tend to pull in the highest rental incomes for their owners.Read More
Posted by admin | Comments Off on How Do I Increase My Home Value?
Competition among the real estate market can be stiff. As a homeowner that is looking to sell their property, you need the edge to be able to get the best prices.
Renovate to Maximize Your Value
A fresh coat of paint or a retiled floor can do wonders in raising value. Families coming in do not want to see chipped floor tiling or an aging paint job. If you take the time to stop by your local hardware store, you can find everything you need to take matters into your own hands. You can also hire a professional if you do not want to do the dirty work.
“A small investment can offer a large economic return,” says Dorcas Helfant of Coldwell Banker Professional, Realtors in Virginia Beach, Va. By investing in repairs before they are inspected, expect to save almost half the cost of what you will pay in the long run.
A home’s appearance is crucial when it comes to rubbing brokers the wrong way. The potential of your house lingering on the market and decreasing its’ value is a nightmare. Increase the chances of it being sold by investing in the proper renovations needed. For example, a $6000 investment in new flooring may make a $14000 difference in its selling price.
Get Rid of Odors
An underrated factor is the odor of your house. Being accustomed to most smells in your house, you will not be able to notice what it is like for outsiders coming in. Be sure to attack home odors immediately if you wish to show your house to prospective clients.
Many times odors can completely scare away your prospect as well as the initial value of your house. You might not consider this as important as the renovation aspect, but keep in mind that these factors will considerably improve your chances on the market.
Think About Your Client
Remember, if you are selling your house, it isn’t about you anymore. It’s about the families and the way they see their future there. Cater to the needs of what type of value people want when they purchase their house. Often times a house will sit on a market for a period of time. The owner will then look to make repairs to try and sell it. By doing this you are sacrificing a position on the market by having to reposition along with a possible price reduction.
Bio: Kuba Jewgieniew is the CEO of Realty ONE Group, a leader in real-estate. Kuba and his team are dedicated in providing first-class real-estate services to the public. Visit Kuba Jewgieniew at Realty ONE Group.
Posted by admin | Comments Off on 4 Tips to Receive Monthly Rents On Time
Tenants paying the rent on time might be a wonderful thing but it rarely happens. Of course, they might start off with the payments but they soon become lackadaisical to stick to what was accepted in the rental agreement.
Here are 4 tips to get them to pay the rent on time:
1: Bonus for Early Rental Payment
This is an excellent incentive to get tenants to pay their rent early. A $50 concession on rent, gift card, discount on the following month’s rent or even credit towards their utility bills are good idea to try. This will certainly work wonders if you try them.
2: Penalties for Late Rental Payment
While you can offer a bonus, a penalty for late payments also are as effective. It’s a good idea to include a late penalty along with the rental agreement. Of course, how you enforce this is really up to you. You can file for eviction over a $40 late fee even if that is a bit extreme. Yet you will not have the same problem again.
3: Report Late Rental payments to Credit Bureaus
Tenants would like protect their credit ratings. There’s no doubt about that. So, if they know that late rental payments are being reported to credit bureaus, then they’re most likely to pay up and on time too. In fact, this works as an incentive to pay on time or even much earlier.
4: Rental Inspections Are a Must
It’s imperative that you check on your rental properties as often as possible to ensure that you track how your property is being treated by the tenants. This will also be useful in ascertaining whether there are rental violations or not. Not only will they be forced to keep the property clean but it will send the message that you are a serious landlord.Read More