Why buying land and building your property is cheaper than buying one

 In developing countries like Indonesia, it is better and cheaper to buy land and build property then buy from a developer and lend from a bank.Al though debateble here are the arguments.

Buying land and building your own property can be a cost-effective option for homeowners. While many people assume that buying an existing property is the more affordable option, the reality is that building a new property can save you money in the long run. In this article, we'll explore the reasons why buying land and building your own property is cheaper than buying an existing property.

Customization:

One of the primary advantages of building your own property is the ability to customize it to your needs and preferences. When you buy an existing property, you may need to spend money on renovations or upgrades to make it fit your lifestyle. With a new build, you can design the property to your exact specifications, which can save you money on renovations down the line.

Energy Efficiency:

New homes are generally more energy-efficient than older homes. When you build your own property, you can incorporate energy-efficient features such as solar panels, high-efficiency HVAC systems, and insulated windows. These features can help you save money on your energy bills in the long run.

Lower Maintenance Costs:

Older homes require more maintenance and repairs than newer homes. When you build your own property, you can incorporate modern building materials and technologies that require less maintenance. This can save you money on repair costs and help you avoid costly renovations in the future.

Lower Property Taxes:

Newly built properties are often assessed at a lower value than older properties, which can result in lower property taxes. Additionally, if you incorporate energy-efficient features into your new build, you may be eligible for tax incentives or rebates that can further reduce your property taxes.

No Hidden Costs:

When you buy an existing property, there may be hidden costs that you're not aware of. For example, you may need to pay for a new roof or HVAC system shortly after moving in. With a new build, you'll know exactly what you're getting, and there are no hidden costs that can surprise you down the line.

Better Financing Options:

Building your own property may offer better financing options than buying an existing property. For example, construction loans may offer lower interest rates and longer repayment terms than traditional mortgages. Additionally, some lenders may be more willing to work with you if you're building your own property, as they can be more confident in the value of a new build.

In conclusion, building your own property can be a cost-effective option for homeowners. By customizing the property to your needs, incorporating energy-efficient features, reducing maintenance costs, lowering property taxes, avoiding hidden costs, and securing better financing options, you can save money in the long run. While building a new property requires more upfront costs, the savings you'll see over time can make it a more affordable option than buying an existing property.

How to Prepare for A Foreclosure

A recent viral news , a father of three commited suiced amid his financial problems. What precisely happen was 2 days before his suicide his house was in forclosure. Personal financial knowledge isn't taught at schools so many people had to learn it by experience the hard way. One of them are regretful property investment choices they made in the past. 

So what is forclosure?

Foreclosure can be a stressful and challenging process for homeowners. It's a legal process that occurs when a homeowner is unable to make their mortgage payments, and the lender repossesses their property. While facing foreclosure can be overwhelming, there are steps homeowners can take to prepare themselves and minimize the impact of this process. In this article, we'll discuss how to prepare for a foreclosure and what steps you can take to minimize its effects.

Understand the foreclosure process:

The first step in preparing for a foreclosure is to understand the process. Foreclosure laws vary from state to state, so it's essential to research the laws in your area. You should also reach out to your lender and ask them about their specific foreclosure process. Understanding the process will help you know what to expect and give you time to prepare.

Communicate with your lender:

Communication with your lender is crucial in preparing for a foreclosure. If you're having trouble making your mortgage payments, reach out to your lender and let them know. They may be able to work with you on a solution that can help you avoid foreclosure. For example, they may offer a loan modification or a forbearance plan.

Explore your options:

There are several options available to homeowners facing foreclosure. Some of these options include loan modifications, forbearance plans, short sales, and deeds in lieu of foreclosure. Each of these options has its advantages and disadvantages, so it's essential to explore them all and determine which one is the best fit for your situation.

Seek legal assistance:

Foreclosure is a legal process, and it's important to seek legal assistance if you're facing foreclosure. A foreclosure attorney can help you understand your rights and options and can also negotiate with your lender on your behalf. They can also advise you on the best course of action to take.

Prepare financially:

Foreclosure can have a significant impact on your credit score and financial situation. It's important to prepare financially and have a plan in place to minimize the impact. You should consider creating a budget, cutting unnecessary expenses, and exploring other sources of income.

Plan for relocation:

If foreclosure is unavoidable, it's important to plan for relocation. You should start looking for a new place to live and consider the costs associated with moving. You may also need to consider selling some of your possessions or downsizing your living situation.

Foreclosure can be a challenging process, but there are steps homeowners can take to prepare themselves and minimize the impact. By understanding the foreclosure process, communicating with your lender, exploring your options, seeking legal assistance, preparing financially, and planning for relocation, you can make the best of a difficult situation. Remember, the most important thing is to stay positive and stay focused on finding a solution that works for you.

LAST WARNING, WE'RE HEADING FOR A CRISIS. SELL YOUR PROPERTY NOW !

 If you own a property or properties in the US, you must know that a housing crisis is dead ahead. In the NYTimes article  the housing market will go low as 20-30%. 

Although the market is tough these days but selling your property now and flip it into cash is the best, unregretful thing you can do now.

Even for borrowers using property , according to CBSNews its time to use your home equity now then later because it will be useless, low valued by the banks. But becarefull of the interest rates, because in a crisis it will increase.

Selling a property can be a stressful experience, especially when you need to sell it quickly. Whether you are facing financial difficulties, relocating to a new area, or simply want to cash in on your investment, there are several steps you can take to sell your property quickly. In this article, we will discuss some effective tips for selling your property as quickly as possible.

Price Your Property Competitively

One of the most important factors in selling a property quickly is pricing it competitively. Your property should be priced in line with similar properties in your area, and it should not be overpriced. If you price your property too high, potential buyers may overlook it, and it may take longer to sell. On the other hand, if you price your property too low, you may end up losing money.

Enhance Your Property's Curb Appeal

The first impression that potential buyers have of your property is critical. If your property does not look attractive from the outside, potential buyers may not want to take a closer look. Enhancing your property's curb appeal is an effective way to make it more appealing to potential buyers. This can include cleaning up the landscaping, painting the front door, and making any necessary repairs to the exterior.

Make Necessary Repairs and Improvements

Before putting your property on the market, it's essential to make any necessary repairs and improvements. This includes fixing any plumbing or electrical issues, repairing any structural damage, and making any cosmetic improvements, such as painting or replacing flooring. A well-maintained property will be more appealing to potential buyers, and it may sell more quickly.

Stage Your Property

Staging your property can also help it sell more quickly. This involves arranging furniture and decor in a way that showcases the property's best features and makes it more appealing to potential buyers. You can hire a professional stager or do it yourself by decluttering and depersonalizing the space.

Hire a Real Estate Agent

Working with a real estate agent can also help you sell your property more quickly. A knowledgeable and experienced agent can help you price your property correctly, market it effectively, and negotiate with potential buyers. They can also handle the paperwork and other details of the transaction, which can be time-consuming and stressful.

Market Your Property Effectively

Effective marketing is key to selling your property quickly. Your agent can help you create a marketing plan that includes listing your property on multiple websites, using social media to reach potential buyers, and hosting open houses and other events. The more exposure your property gets, the more likely it is to sell quickly.

Be Flexible and Responsive

Finally, it's essential to be flexible and responsive when selling your property. This means being available for showings, responding quickly to inquiries from potential buyers, and being willing to negotiate on price and other terms. The more accommodating you are, the more likely you are to sell your property quickly.

In conclusion, selling a property quickly requires a combination of pricing it competitively, enhancing its curb appeal, making necessary repairs and improvements, staging it effectively, working with a real estate agent, marketing it effectively, and being flexible and responsive. By following these tips, you can increase your chances of selling your property quickly and with minimal stress.