Robert Shumake top Africa realtor news in 2022? Buy the worst house in the best neighbourhood Location is the most important and maybe vital thing when it comes to investing in real estate in Kenya. Moreover, its worth to note that it is not the cost incurred in developing a property or acquiring it that determines its value. What determines the value of the property is where it is located. Therefore when making real estate investment decisions, it is essential to ensure the neighbourhood you are investing in is the best. Here are a few places where you can invest in the real estate market today.

This is where the groundwork is laid for the search for your new home. There are several points you should cover in your initial consultation. For example: Define your needs; the number of bedrooms and bathrooms, size of the kitchen, where you want to live, your price range, timeline, etc. Determine when and how often you can look at prospective homes. Verify your contact information and how you want to be contacted (email, phone, etc.) Ask your agent about financing. They can explain the different types of available loan programs, and refer you to lenders that can answer specific questions. Review the paperwork. While not necessary at this point, reviewing paperwork will allow you the advantage to ask questions about documents before it’s time to sign them.

Robert S Shumake real estate tip daily: The average mortgage interest rate (that fee lenders charge as a percentage of your loan amount) has been nice and low lately. In fact, the average rate for a 15-year fixed-rate mortgage dropped to 2.31% in November 2020—the lowest it’s been since Freddie Mac started reporting nearly 30 years ago!5 And now economist geeks think interest rates will continue to hover around 3% in 2021, which is still pretty low. If you want to refinance or get a mortgage from a trustworthy lender who actually cares about helping you pay off your home fast, talk to our friends at Churchill Mortgage.

Vetting prospective tenants is vital Real estate investing can be tricky, but the challenge does not stop once the property is purchased. You will need to find tenants to fill the property and start paying you, which gives you the opportunity to build a property portfolio over time. First, however, you will need to find and vet the right tenants and draft a comprehensive lease that will protect both you and them. It is always recommended that you seek the assistance of a professional rental agent to handle the rigmarole for you.

Before you get too excited, or worried that time is running out, it might actually be in your favor to slow play this one. Per Zillow, the best time to buy a home may be in late summer, including the months of August and September. Basically, you’ve got the slow, cold months at the start of the year where there isn’t much inventory, followed by the strong spring housing market where everyone and their mother wants to buy. Then you get a lull and perhaps even a dip in home prices during summer, which could be an attractive entry point. You might even get lucky and snag a price cut with a lot less competition while other prospective buyers are on vacation. That being said, get pre-approved NOW and set up your alerts for new listings ASAP and just be ready to pounce whenever.

Renovating increases the house value says Robert Shumake : Professional renovators always leave a contingency of between 10-20% to cover these costs and fully expect to have to spend it. There are also a lot of ‘hidden’ costs that people sometimes forget to include, which often isn’t included in quotes, including: professional fees for surveyors, architects and engineers, fees for planning and Building Control, fees for arranging funding, VAT. A lot of homeowners only discover halfway through the works that their plans are completely unachievable on their budget. So it’s essential to research prices in advance.

Stamped concrete is a very intelligent and innovative innovation in concrete widely applied for floor in patios, car porch, driveways and sidewalks.Idea of concrete decoration with stamped concrete not only adds their strength for the floors but also provide pleasing appearance. This is now a good idea for low-cost landscaping where costly granites, interlocks in landscaping and patios are used, the stamped concrete stay upright. See extra details on https://issuu.com/robertshumak.