Home Warranty Tips – Find Out Why Getting Coverage Is Important

One question that every homeowner is faced with when buying a new home is whether or not they should get home warranty coverage. Well, there are plenty of things that factor into making that decision, but most people would agree that having coverage is well worth the cost.

For those of you new to warranties, basically it’s a type of “insurance” the provides coverage for major systems and appliances in your home. For example, lets just say you have a built-in dishwasher that is causing you problems. You can either pay to get it fixed, or depending on the condition of it, you may end up getting a new one. But having warranty coverage enables you to get it fixed or replaced at a fraction of the cost.

Also, most providers have a network of companies they are affiliated with who provides consumers with the replacement parts or repairs. So it eliminates the hassle of trying to find a reputable repair company. It may not seem like a big deal, but every day people spend countless of hours trying to find a company that has good reviews and have a decent price. And having warranty coverage provides you with top notch contractors and at a low price.

As for the cost of coverage, well that usually falls within the range of about $30 to $100 a month depending on the type of coverage you need. Now, for some new home buyers, adding another bill to the list of bills they already have may seem unnecessary, but when you think about how much it cost to repair certain things around your home, you quickly realize that having warranty coverage is the best option.

This is an important aspect to keep in mind, because the last thing you would want to do is have to pay a huge bill to get something repaired and have to dip into your savings to do so.

And lastly, while having coverage is important, as I stated earlier, some people may not need it. Those of you with mostly modern appliances on your home, most of the appliances may be covered under the manufacturer warranty already. But if you have an older home with outdated appliances, you definitely want to at least contact some warranty companies to see how much it would cost you for coverage.

Big Money Mindset

“It is just another zero… ” I laugh. “What?” He asks. “Wait… your serious?” I reply. “Hell yes I am serious!! Are you afraid of a zero?” I could not respond.

He got me. I guess I was afraid of a zero. Big profits scared me. Was it the risk of the deal or the fact that I did not believe I could earn that kind of money? Up to that point I was doing deals making $10,000 to $20,000, which was decent money, but nowhere near my potential. I remember the first year I saw 6 figures on my tax return. I was very proud of that year. Now I wonder how I was able to live on that income. What changed? My mindset.

A few weeks ago a friend of mine and I went to a commercial real estate investing conference. I was blown away by the quality of the attendees. People at this conference are not seminar junkies. These people implement what they learn and take chances. I was hearing stories about profits on single deals of 2, 3 and 4 million dollars. Many people I spoke with started in the fix and flip business, but none of them were willing to look at a small deal like that again. What changed for them? Their mindset.

We shared a room and went out each night to network with other attendees, so we had a lot of time to chat. He mentioned to me several times that he is excited where his business is going and is excited to make the money he is finally making. He is making 7 figures a year. “I know I work hard,” he said to me “I can choose to work hard for $100,000 a year working for a company or I can work hard, take some chances, and make $1,000,000 a year doing deals.” I started working with him when he was fixing and flipping houses. Now he will not look at a deal without $200,000 in profits. What changed for my friend? His mindset.

To some this might sound arrogant. It is not arrogance at all. In fact, most of the wealthy people I meet, including everyone I met at that seminar, are extremely humble and open. The difference is they know their value. They put a value on their time and effort and will be paid for that. The mind will not allow them to accept less. That simple shift has allowed them to make big money. Here are a few mind shifts that have helped me turn $10,000 or $20,000 deals into $100,000 or $200,000 deals.

I deserve to be rich. There is no shortage of money to earn. There is no scarcity. Anyone that wants to be rich can be. Everyone deserves it but not everyone is willing to do what it takes. I understand that I deserve to be rich, with the understanding that it does not come free. I need to work hard and make smart decisions and then I can have anything I want. Look at it this way. Some people make 7 figures a year and drive their companies into bankruptcy. If they can earn 7 figures, why can’t you?

Think long term. This is not a race and not a get rich quick business. It is about building relationships and investing for the future. The quick profit game is played and lost all the time. I see it with investors, Realtors, lenders, and others on a regular basis. They are so interested in the commission or fee, that they forget to take care of people and add value. I focus on adding value and taking care of clients and partners. My reward for that over the years has been a steady growing company that pays me each and every month and a database of vendors, partners, and deal finders that want to work with me to make big deals happen.

Leverage is my friend. I have learned the hard way that financial leverage is a dangerous necessity. With that said, I would not be doing the big deals I am doing now without it. I have written articles about this topic because I believe it is extremely important. Leverage helps you accomplish more with less. It could be leveraging other people for their time, knowledge, and skills; or leveraging money in the form of partners or loans to get a deal done. Myself and several other people I know have built up a single family rental portfolio that is producing big time today because we leveraged hard money with bank financing. These are simple little deals that will produce big profits over time.

I can’t fail because I won’t give up. You only fail at something if you stop trying. I understand that I will be successful 100% of the time because I am not willing to waiver on my commitment. This has served me over the years, but has not been easy. I remember times I would be laying in bed wide awake at 3 am wondering how I was going to get out of a mess I got myself into. Thinking how easy it would be to let people down and stick my head in the sand. How my life, at that particular time, would be so much better if I just gave up. It was those trying times that made me who I am. Because I did not give in to the temptation of defeat, I made it through, learning the lessons necessary to become who I am.

Excuses are for losers. Harsh? I don’t think so. If you try and fail, great. The key is to take ownership of that result, learn from it and try again. The second time might have a better outcome. If you fail again, own the result, learn and try again. As so it goes. When you fail and make an excuse, you are shifting blame and not accepting the educational value of the failure. Losers do that. With that said, you have to try before you can fail, and so many people don’t even try. The reason? A bunch of excuses. No matter how broker you are, no matter how limited you are on time, no matter how unfair your life is, there is still a path to success. When I got started as a real estate investor, I was broke with no credit. I was in college full time and worked at night in a call center 30 hours a week. I was “unable” to work on my business except Saturday nights and Sundays. So I decided to make my calls as I walked between classes. I decided to use my lunch break to sit in my car and work on deals. I decided to give up every single weekend to hang signs and visit sellers. I decided to make it work.

Some people tell me that I am different. People don’t put in that kind of effort, and I should not expect them to. That’s correct. But that does not change the fact that they too can be different. You can be different.

It is a mindset.

 

6 Real Estate Blogging Tools and Gadgets Worth Considering

If you are someone venturing and trying luck in real estate, you should consider having a blog that speaks up about your interest in the field. Blogging is one of the greatest marketing strategies that are being taken up by various organizations irrespective of their size and niche. Whether it is a company dealing in medicines or some individual fashion designer, blogs can help get online attention and lots of visitors to one’s website which in turn provide many new customers.

Here are 6 Real Estate Blogging Tools and Gadgets Worth Considering:

1. Calmly: This is a professional text editor available online. Calmly encourages distraction free writing. Using this tool one can write, add images, and more. It gives an idea of how one’s blog will look like with all the information and pictures.

2. Hemingway App: Your blog should be readable. It should be written in easy to understand language as it will be visited by people across the globe. So, readability is one crucial thing that should be considered while writing a blog. Hemingway App is one tool that can help analyze your blog for readability. The tool highlights the text that might be difficult to read and even suggest solutions improve the readability of the blog.

3. Irfan View: This is an amazing image editor. If you are planning to start a real-estate blog, you might need to upload a number of images to showcase properties, buildings, and localities. Such images are quite heavy in size and may take hours to upload. Using Irfan View one can edit images to reduce the size of the image.

4. Co Schedule’s Headline Analyzer: Headlines are the first thing that catches the attention of online visitors. If your blog doesn’t have an attractive headline, the chances of it being left aloof or ignored are more. The Co Schedule’s Headline Analyzer helps one analyze the headline and it suggests changes that may make it more interesting to read.

5. Piktochart: This is an info-graphic app. It is easier to inform someone through infographics as it saves one time from reading the entire post. Online visitors hardly spend more than 5 minutes on a web page. The Piktochart can come handy in conveying the message within a fraction of seconds. This tool although takes some time to create info-graphics, it is worth considering for your real estate blog. Using the tool, you can create graphics conveying information about the place such as the society, schools and shopping complexes near the property.

6. Canva: A blog with amazing graphics can help your blog stand out among the competitors. Canva is one blogging tool that allows its users to convey their message through graphics. It is an easy to use the tool and does not require any technical qualification to use it. The graphics designed by Canva can be shared on social media as well.

The internet has made our world appear so small that we can do almost anything while sitting in front of the PC/laptop screen. This technology has proved quite beneficial specifically for the real estate industry. The internet has helped us create a virtual world of our own where we can imagine ourselves in a home that we always dreamed of living.

How Gurgaon’s Real Estate Can Gain From Their Budget in 2017

Gurgaon – a big player in India’s real estate sector – has been grappling with difficult times especially since 2015, and in 2016 the sales volumes for properties in Gurgaon further went down and new unit launches were limited in the city.

Further, demonetization during the end of 2016 further affected developers in Gurgaon like in the rest of the country. There was stability noticed in quoted prices and discounts were still available, but people stayed away from buying residential flats in Gurgaon. Gurgaon saw a fall in investment in the residential properties as residential buyers, much of whom were primary end users were on the lookout for ready-to-move-in flats and were wary of promises of future infrastructure or property. Overall, Gurgaon’s market saw a great dip recently.

With the new budget placing affordable housing under the category of infrastructure, the government plans to get closer to its goal of providing affordable housing for all by 2022. This newly-granted infrastructure status also makes available cheaper funding options from real estate builders who can now access funds at a borrowing rate less than 10% for developing affordable housing, leading to a subsequent and definite reduction in purchase costs for homebuyers.

About 95% of the demand in the real estate sector has been of affordable housing. With reduced borrowing rates, the real estate developers can now focus on constructing housing projects where a major demand lies, and look forward to a healthy growth in this segment.

The budget has benefitted the end users the most. With enormous tax benefits offered to people in the lowest income bracket as a significant tool to push affordable housing, the dream of many to own a house now seems to get closer to realization. Also, with demonetization, banks have been further flooded with funds, and there are speculations that banks will low interests rates further and come out with affordable and attractive home loans. Future homebuyers have been watching the market carefully.

As a real estate market, Gurgaon has great chances of recovering from the downtime in the recent past. One of its driving strengths has been its ability to churn out high-quality office spaces, and now while building on this strength, if developers in Gurgaon prioritize constructing and launching ready-to-move-in affordable housing projects that end-consumers place high value on and subsequently reward, then Gurgaon will soon rise up as a strong real estate provider meeting the housing needs of its residents.

Residential Flats in Gurgaon

Signature Global is a reputed name in the real estate sector in India. In Gurgaon, Signature Global is already constructing five housing projects under Haryana government’s affordable housing policy, is all set to invest Rs 500 crore in two more projects of affordable housing in Gurgaon.