Category Archives: real estate

Let Your Home Be Your Nest-Egg

Those who are approaching their retirement age are planning their finances for the future. Those among them who plan ahead must have started planning for the dry days ahead. Those who have been under heavy responsibility have probably not thought about this. Now, there is a silver lining in the dark clouds for them. If you have a house to your name, then you can be financially secured for the rest of your life. If you are thinking about selling your home and moving into a less expensive apartment, then you are wrong. You can keep your home and still have the money for fulfilling all your retirement plans. All you have to do is release the equity on your home.

Home equity release has gained enormous popularity among the homeowners in UK who are on the verge of retirement. It does not require any planning or saving. All you need to have is a home that you own. The home will provide you with the money to fulfill your dreams. Once we retire, our regular income stops and the pensions that are given are not as high. But, being financially dependent on anyone is not something that we look forward to. This is where home equity release comes in handy.

Equity is the price of your home in the present real estate market from which any outstanding debt that you might have will be deducted. When you release the equity you will be handed over this amount. You can choose to take it in the form of monthly installments or as a lump sum one-time payment. Whatever you choose, the entire amount of money is tax exempted, meaning you get the entire amount without any deduction.

Once you decide to release the equity on your home, you have to find out the institutions that offer this facility. You can search the Internet or talk to people who are likely to know an equity provider. The reviews on their websites will give you an idea about the performance of the company. Before you release the equity you have to be very sure about the industry presence of the company, otherwise they might take you on a not-so-pleasant ride.
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Residential vs. Commercial Property Investment. What’s Best for You?

Real estate can be a great investment. However, don’t forget to consider commercial real estate, alongside residential real estate when thinking of buying property as an investment. This article discusses the pros and cons of both residential and commercial properties.

With so many competitive property investment loans available, residential and commercial real estate investment can generate healthy returns with the right planning. When thinking of investing in real estate, many people limit themselves to residential properties. However, commercial properties can be a great investment vehicle as well. Both commercial and residential real estate offers pros and cons of investing in them.

Familiarity

This is the number one reason why many first-time investors will only consider residential real estate. There is almost no one who has never been through the process of renting a place – most people are quite familiar with the process of maintaining and leasing a home. On the other hand, commercial property may present you with elements you are unfamiliar with, especially if you are considering purchasing a store or factory that has already been outfitted.

Law

Quite frankly, the law is much more protective of commercial property owners than landlords who own residential property. In Canada, it can be quite difficult to evict a tenant, and there have been cases where delinquent tenants managed to stay in a house rent-free for over a year. On the other hand, contract law applies to commercial properties, which means that a commercial property owner can appeal to the law easily when required.
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