For many of us our school days were some of the best times in our life. We made friends, had some fun and even learnt a thing or two. Then came our graduation and entry into the ‘real world’ where we were encouraged to stand on our own two feet and make a name for ourselves. Some progressive thinking kids had their career mapped out already: university, followed by employment in a specific field of expertise, a good wage and all the trappings that follow.
Making Smart Property Choices
It’s easy to get excited about being a real estate investor. We have all heard the success stories and how easy it is to get in on the action. We are told that it’s as easy as purchasing a property, renting it out, and collecting the checks. In reality there is much more you need to know.
Is it affordable?
Along with location, affordability is the most significant determining factor in buying a property. It’s not much use mulling over properties that are priced beyond your ability to pay back a bank loan. Banks will need to see evidence of your capacity to pay a deposit on the house, plus extra finances to cover legal costs and stamp duty. This requires reasonably substantial savings even before you can begin your chosen calling as a real estate tycoon.
Do You Need an Insurance Broker?
An insurance broker is hired in order to help your business obtain the appropriate cover. They assist clients by helping avoid risks or unnecessary expense. Some business owners consult an insurance broker for general insurance advice, although a qualified broker can also handle complex claims and legal matters.
Broker/client relationships take many forms:
- Business risk analysis
- Recommendations and quotes regarding insurance products
- Implementing insurance policies
- Assistance with forms and paperwork
- Providing advice regarding claims
- Annual revision of ongoing insurance needs
The process
The first step in the relationship is to consult a broker regarding your needs. By learning about your business a broker can make recommendations about insurance and risks. The broker will analyse your situation and compile insurance quotes. When a satisfactory arrangement has been decided, the broker will provide you with policies and documentation. If the relationship with your broker is ongoing the policies will be reviewed before your next yearly renewal. The broker will also investigate competing insurers to locate the most competitive price for your insurance.
Credit Score Mistakes to Avoid
A bad credit score will cause a moneylender to consider you a risk. There are ways to plan right now if you are considering applying for a loan sometime in the future. Having a credit rating that doesn’t satisfy a moneylender will adversely affect your borrowing options. Some lenders claim that they will lend money to anyone regardless of a bad credit rating or history, but many of these financiers cover themselves by demanding unrealistically high interest and repayment terms.
Air Conditioning Angst
The summer months are the time when many of us turn to our faithful air conditioner for relief. There is an inherent feeling of satisfaction in conquering oppressive heat while remaining in our comfort zone. It’s also a time of year when energy bills can skyrocket, arguments ensue about the environment or carbon footprint, and cooling alternatives are considered by frugal householders. What can be done to stay cool without breaking the bank?
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