#apartmentgreece

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WHAT IS THE FIRST STEP IN BUYING A HOME ?

Everything you need to know to make that big purchase easier

Buying a home can be challenging for a first-timer. After all, there are so many steps, tasks, and requirements, and you may be anxious about making an expensive mistake. But first-time homebuyers enjoy some special advantages created to encourage new entrants into the real estate market.

To demystify the process, so you get the most out of your purchase, here is a rundown of what you need to consider before you buy and what you can expect from the buying process itself, plus tips to make life easier after you buy your first home.

Understanding how to find and finance the perfect home for you

Buying a house requires a lot of time and effort, but these 10 steps can help make the home buying process manageable and help you make the best decisions possible.

Step 1: Start Your Research Early

Step 2: Determine How Much House You Can Afford

Step 3: Get Prequalified and Preapproved for credit for Your Mortgage

Step 4: Find the Right Real Estate Agent

Step 5: Shop for Your Home and Make an Offer

Step 6: Get a Home Inspection

Step 7: Work with a Mortgage Banker to Select Your Loan

Step 8: Have the Home Appraised

Step 9: Coordinate the Paperwork

Step 10: Close the Sale

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Why is student housing a good investment?

The demand for student housing is usually high, especially at the start of every school year, when every student is looking for a place to stay. One good thing about student housing investment is that it guarantees a steady flow of income due to the increase in demand for student housing.

Greece, the world’s best investment.

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Types of Student Housing Investments

There are various types of student housing investment properties that people can choose to invest in that could offer various benefits. These types of student housing investment properties include:

Class-A Student Housing Apartment Properties: The Class A student housing strategy buys brand new, purpose-built student housing properties near university / college campuses with the goal of stable cash-flow and the potential for capital gain upon the sale of the property in 5-7 years.

Value-Add Student Housing Apartment Properties: The value-add strategy buys well located older student housing properties that we will refurbish to modern standards and add amenities to command higher rents and stabilized occupancy. The goal is to drive the future value of the property to provide the potential for solid capital gains after the property is sold in 3-7 years. The expected cash-flow in this strategy is generally more modest and less stable than that in the Class A strategy due to the interruptions caused by the refurbishment process.

New Construction Student Housing Apartment Properties: The new construction development strategy utilizes selected, well located land parcels with proximity to campuses to construct purpose-built student housing that upon completion will have all of the characteristics of what our Class A Strategy seeks: high desirability and stable occupancy.

Greece, the world’s best investment.

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Student Housing Investment Projects

Student housing is an important part of student life for any university or college. Wherever there is an institution of higher learning, there will always be hundreds or even thousands of students that need a place to stay. More and more people today are investing or considering to invest in student housing apartment properties for a variety of reasons, including:

The close proximity to the university campus

Shortage and/or outdated dormitories

Student shows signs of recession-resistant characteristics

Student are staying in school longer

Greece, the world’s best investment.

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Advantages of Micro-Apartments

Standard micro-apartments average 400 to 500 square feet and do not lack for anything. They have beautiful furniture, sleep countertops, stainless steel appliances, washers, and dryers. The units are designed with space-saving features including pull-down beds, tables that fold up, and hidden or very small appliances. They provide a win/win for both renters as well as developers and landlords. The landlords get the highest rent per square foot and tenants have an affordable place to themselves in the city with all the bells and whistles and comforts. Even though the cost per square foot can be higher, quite often the units are small enough to still save renters money on utilities. Micro-apartments help the environment by providing comfortable and sustainable housing for many people in one area. The land footprint of the average tenant decreases as they.

Greece, the world’s best investment.

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Reasons of Investing in Micro Apartments

As large cities are increasing their population and urban living is becoming more popular, residing in a good location has become incredibly unobtainable for many. However, the rise of interest in tiny living spaces has boomed over recent months and years, and micro-apartments may be the next big thing. Micro-apartments are small living spaces in desirable neighbourhoods that may offer a solution to the problem of high housing costs. These apartments allow residents to live in a central location for a lower total rent – as long as the resident is content with less space in which to live.

Greece, the world’s best investment.

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Micro Apartment Investment Projects

What is a micro-apartment ?

A micro apartment, also spelled microapartment, is a small, self-contained, single-occupancy apartment, typically located in an urban area. Micro apartments are usually about half the size of an average one bedroom apartment, but sometimes can be as small as a hotel room. Micro apartments usually include space for sleeping, sitting, a kitchenette, a limited number of shelves or cubbyholes and a bathroom. Residents may sometimes share access to full kitchen, living room, laundry facilities and a garden.  Many "tiny living" apartments are designed with space-saving furniture such as beds built into walls, futons that convert into other furniture, built-in storage space, folding desks and tables, and extremely small or hidden appliances.

Greece, the world’s best investment.

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Benefits of a hotel room investment

Unique investment opportunity to invest money in fully licensed high-end hotels.

Investors typically earn 50% of the income from occupancy.

Good alternative of investing in a flat or house in popular tourism city.

Depending on the demand of guests, you can adjust pricing and renovate to better suit them.

Vacancy won’t be a problem means there will likely be very few vacancies and no delinquencies.

Profitable for long term investment

It is a hassle free turnkey investment that gives high rental return.

Greece, the world’s best investment.