Are You Making The Most Of Your Real Estate Investments?

The real estate arena is easily one of the most lucrative for potential investors. Perhaps more importantly, it’s also a sector which offers the best hopes of steady and sustained growth. After all, the rise in property prices has been far quicker than general inflation rates. And those sentiments are true on a global level as well as a national one. Nonetheless, it’s not a ticket to free money, or else everyone would be an investor. It’s imperative that the right steps are taken in order to make your investment work harder.   

Here are four key points of focus that you cannot afford to ignore.

Location

Geographic locations play a huge role in all real estate investments. Some markets are growing far quicker than others. This can be due to improvements in the local area, such as new business prospects, or many other factors. Apart from choosing the right city, you need to select properties with the biggest client appeal. Seaside real estate is a particularly popular option at the moment as it has a universal appeal. The quicker a property can be shifted, the better.

Remember to prioritize location at all times, and you will not regret it.

Single Home V Multi-Home Units

There are many questions to ask while considering your investment options. As an inexperienced investor, you may assume that investing in a single home is easier. However, many lenders on buy-to-let schemes would rather lend to multi-home units. This is because they only need to be partly occupied to break even. Meanwhile, turning a house into flats can work wonders depending on the situation. The additional work is minimal but the extra income can be huge.

There is no one right or wrong answer, though. So, do what’s right for you.

Buy-To-Sell V Buy-To-Let

Renting out the property is only one way to go. You could also look to sell the property on. This allows you to gain a profit ASAP but does relinquish the asset. Conversely, a buy-to-let option gives a steady source of revenue while the asset remains in your possession. Of course, landlords do encounter a number of other costs, so you must be careful. Ultimately, the decision will be dictated by your capital, goals, and general feeling towards each property.

Many of the biggest investors will have a mixed portfolio including both types of property.   

Activeness Levels

As an investor, you can be either passive or active. Essentially, you have a choice to hire others to do the work on your behalf or take the DIY approach. Meanwhile, you should consider whether to go for a fixer-upper. Taking this option with can unlock a huge profit in a matter of months, even if you take the passive approach. Once again, it all boils down to personal situations. Juggling time and money in the most efficient manner should unearth the very best outcomes.   

The best option is the one that earns the biggest ROI. It truly is that simple.

Unique Team Building Ideas To Try

Team building sucks, you might say. But if you do it right, your team building and bonding can be fun, unique and downright hilarious. If you want an excuse to spend time with your team out of the office for a day, here are some of the fun activities you can do.

An escape room

An Escape room is a problem-solving game which involves you being locked in a room for one hour, given a scenario and a bunch of clues and trying to find your way out. You will have to work as a cohesive team for this to work because each small clue will form part of the bigger picture, and you will all need to be on the same page to work out the puzzle. It can be a fun way to put different teams against each other by having two or three teams locked in different rooms to see who makes it out first.

Murder mystery

If you fancy being able to dress up and have a nice meal as you play your team building games, then a murder mystery game can be ideal. You will need to nominate one person to be the narrator, and they will be the only person who knows the identity of the killer. You will all be given a different character to play, and through the game, you’ll have a series of clues to decipher. If you work as a great team, you should be able to identify the murderer in no time!

Guitar Hero

If you remember this old classic, then you will know how competitive it can be when you play against each other on expert level. You can make a tournament with the office and have multiple games against each other until you only have two players remaining. Make it a fun final and have your whole office present to see who the champion ends up being. It can be a fun way to bond and also gives you plenty of things to talk about afterwards.

Office sports day

If you want to spend some time outside and enjoy the sun this summer, it can be the perfect excuse to bring out the games, split everyone into teams and hold an office Olympics of sorts. You can have relay races, space hopper races, obstacle courses and fun forfeits for the losers. The winning team gets a free round at the bar at the end of the day and you can all have something hilarious to look back on.

Scavenger hunt

If you don’t have a big budget to spend on a team building day, you can make it into a scavenger hunt around the office and split your office into teams of two. Sure, the office will be total chaos for a few hours, but it will be fun watching your team scramble to decipher your clues and find the prize. The prize could be a gift card, some chocolates or even a crate of beer.

Investing In Future Job Profitability

The reason that we all head to work with discipline and diligence week in and week out is for some form of recompense. It’s unlikely you work 50 hours a week just for fun, and if you do then hats off to you. However, most of us are looking for job satisfaction and payment as an absolute priority, so this means that finding ways to increase your pay can make your more comfortable in your life. It’s not always apparent that job satisfaction should increase your net pay, but it’s very likely that an increase in pay can improve your job satisfaction.

To increase your job profitability in the future, consider the following:

Weighing Up Options

Sometimes the best alternative to trying to force job profitability is to weigh up your options. It might be that your brand loyalty is blinding you to the fact that you could be doing your work with much more excitement and pay in another firm. It might even be that you won’t be stretched as thinly in a new firm, heightening your work-to-pay ratio ever more in your favor. Consider if you’re the happiest you could be at your firm, and never be afraid to see what the market could offer you. Keeping this open and always possible allows for good opportunities to fall in your lap, and give you the awareness to make use of them.

Investing In Stock

It’s important to invest in stock. You will likely have a decent buy-in price at your own firm. This might allow you to gain a good amount of return in the future, further supporting your pension plan when it comes time to withdraw. However, your place in your career will also help you with awareness into how other firms in your industry are doing. With this researched opinion you can make use of interesting and sensible stock investments, potentially profiting quite well.

Bonuses

Your bonuses are important to consider. It might be that working hard over the winter period or conducting yourself with overtime at targeted points in the year could truly gift you a package of cash to help you make it through the most expensive times. For example, why pay for a vacation with your own pocket when 7 extra hours of overtime a week for a couple of months could pay for it completely? Consider this, you may gain some real use out of it.

Demand Your Worth

If you find that you aren’t being respected in your firm, it could be well worth it to demand to your value. If they fail to accept, this might be a great clue to completely switch up careers. It might be that your skill set could be well used in another career, and it might only take an online MSN qualification to find that out. Demanding your worth does not only mean suggesting that you deserve a certain pay grade but also demanding yourself to never rest, to always try and progress in your career and find the things that make the most sense to you in life.

With these tips, you are much likely to experience more significant income potential.