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Friday, May 15, 2015

By Tammie Caldwell


When looking to make any investments, there is always a need to make sure that you carry out your research carefully. It will be important for you to make certain that you have carefully researched on the Lake Country and Kelowna Real Estate available. Your research should include gathering details on the kind of properties available, and the kind of returns they can provide on an investment.

As such, you will also need to make certain that your credit score rating is above average. Refrain from moving your funds too often as this could impact your credit rating. Ensure you repay all your debts in order to make sure that your rating is improved.

Given that you may need to borrow some money from your bank, it will be ideal for you to get pre-approved. Request your account manager to provide you with a pre-approval letter. This document will contain details on the amount that can be advanced to you by the bank.

Inquire on whether the property boundaries are clearly demarcated. If they are not clearly marked, it is always best to have a surveyor come over and mark the boundaries for you. The main reason being that it helps avoid conflicts between neighbors.

The properties market can be quite hard to predict. It therefore is not advisable for anyone to spend time trying to establish how the markets will react. Once you have identified the right property, proceed to make your investment.

For those looking to buy homes, caution is advised when one is looking at the available houses. You should not always choose to buy the biggest house on the block. The reason for this being that it may make it very hard for you to resell the same estate.

It will be essential for you to also budget for the expenses that will be incurred by the house itself. Having purchased it, you still have to deal with the issue of utility expenses. Apart from utilities, the house may need to be maintained every once in a while. Make certain that there are funds for this as well.

Consider all the properties that are available before you can make your decision. It is important that you only consider a house which you know will meet all your housing needs. You therefore need to look at what your family needs now, and what it will need in the future.

The estate should be inspected by a certified home inspector. You need to ensure that it does not have any integrity issues. It therefore is vital for the assessment to be performed before the sale process can be completed.

It is always best to conduct a market research exercise. This exercise will be aimed at establishing what properties are retailing for within this area. When conducting the exercise, always ensure that you consider properties that are similar to the one you are interested in acquiring. Use this information to come up with your bid amount.




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