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Real Estate in Harrison AR as an Investment

  • Posted on July 1, 2017 at 10:49 pm

To quote Edgar Allen Poe -It was the worst of times, It was the best of Times-. The worst of times is painfully apparent. An economic downturn fueled by the housing crisis has resulted in historically low interest rates and declines in home values. Even has been drastically affected by economic downturn. However this has made it the best of times as far as real estate income competing with Certificate of Deposits or other fixed rate investments.

As you see, currently all over the country home values are lower cause of economic crisis around the world and also media reports done some damage too. But in the long term it’ll again continue to rise up at least same level it was. And it’ll result an appreciation of 5 to 6% profit on investment on real estate in a calendar year. Thus, it is now the crucial time to get a real estate property. The old rule of thumb for residential investing was to search for property that would rent for one per cent of the purchase price per month. In other words, a home purchased for $70,000 would need to rent for $700 per month. Rarely do these numbers come together these days. However, with interest rates so low, that formula can be modified and still achieve a healthy return on investment. For instance a house purchased for $65,000 rented for $550 per month would give a gross return of 10%. Allowing for maintenance, taxes, and insurance one should still be able to achieve a 7% net return. There are also tax advantages to consider and should you decide to leverage (use some borrowed money) results could be even better. There is no guarantee of course and management is required. Harp and Associates does have a property management service if you want to only be an investor. To avoid costly surprises I recommend a maintenance fund be set up and funded each month. This fund is used to cover repairs and protect against a month when the property is vacant. We are always glad to discuss . Whether it is about rentals, purchasing, selling, or investing, we are here to assist you in any way we can.

Harp and Associates Real Estate Services

Buying Secondhand Outdoor Furniture Is Just Fine

  • Posted on July 1, 2017 at 12:02 pm

Because of the economic crisis that people are experiencing, most people are looking for bargains when buying things. But this should not be done in decorating your home. Whether it is a facelift that is needed to transform your old outdoor living space or starting from scratch in a new home, you cannot let eye for a bargain ruin your sense of judgment.

You have to remember when weighing up your options you have to think about the durability. Most of the time you opt to buy new and reputed goods just to have peace of mind that what you purchase can last for long period of time. You usually consider it as a long term investment. The difficult thing about it is when you have to balance your budget and the quality of your furniture.

But if you can not resist buying second hand goods, there are other options for you. You can search for cheap outdoor furniture on eBay and for sure you will find hundreds of bargains furniture that most people are willing to buy. If you have the proper skills you can buy old furniture and try to restore it. And if you do not have any handyman skills you are definitely fearful of buying second hand outdoor furniture.

You can go around those secondhand shops and look for bargains. Most of the time these old piece of furniture need is some paint and varnish and it will look good. If you are not looking to impress all your friends and just looking for functional outdoor furniture, secondhand furniture is just fine. If ever you have found out a second hand and older outdoor furniture this furniture needs another layer of sealant or vanish to keep it protected from the different weather elements. And it will be better if you are going to keep them under a cover.

If you are not particular with the design of your outdoor furniture you can just go with the plastic furniture. It may wear overtime but can still serve its purpose and for sure you can easily replace it. If you have plastic furniture you just have to keep them away from the heat of the sun to keep them protected.

You can resort with the pine furniture if you are in a tight budget because it is the cheapest of the wooden furniture materials. But in using this kind of furniture needs more care and maintenance. But with plastic furniture you can easily cleaned it by wiping it with cloth and you can easily move it from one place to another.

Whether you are buying a second hand or brand new furniture it is always important to consider the functionality of each piece of furniture. But if you are creative enough and possess the handy man skills you can create a different kind of outdoor furniture.

Eliza Maledevic Ayson