Over the last few years, a good extent of rise has been witnessed in the property management industry and residential property valuation manhattan ny, especially when it comes to student housing. A high percentage of increase in rents for prime locations close to college has also been witnessed.  Putting in money in student housing can be a very fruitful investment for landlords, as rents have been driven dramatically faster in neighborhoods that are within walking distance of college campuses.  However, simply investing in these properties is not enough. They have to be competently managed as well. Companies like Nelson Partners can be hired for this purpose.

Student accommodation is a pretty demanding, intensive and challenging sector to be involved in. However, if a person is smart about their approach, a well managed property can actually provide good returns.  Along with providing students with a living space, modern accommodation units also offer facilities like free internet, study rooms, gyms and so on. Many purpose-built student housing units are also host specialized events throughout the year to foster a sense of community among the students living there. All these softer services and facilities are vital for the students.  If a person is running good student housing where there is a strong sense of community, students are more likely to enjoy their living and learning experience, renew their leases, and even invite their friends to join in the lifestyle. However, all of this happens only if the property is managed properly, with the help of companies like Nelson Partners. This company has acquired and managed over $240 million in assets through the acquisition of 19 student housing properties and 3 assisted living properties across 9 states ever since its inception. They put emphasis on targeted growth opportunities and value-added investments for its clients through capital improvements, cost efficiency, and revenue maximization. Their strategy is to focus on assets that cater to growing demands in certain niche industries like collegiate housing.

One of the biggest risks linked with student housing is managing the mix of tenants as most of the students would only be on the campus for ten months of the year. The landowner needs to consider that they will hold a lease for every student for that time period. This can amount to more than a thousand leases to be negotiated, with rental collections taking place each month. Managing these rental collections and leases is a considerable aspect of the day-to-day functioning of a student housing facility, and can be pretty cumbersome for the landowner. To reduce these hassles, they must seek out professional assistance. The aspect of balancing high building costs with keeping rental affordable is also a part of student housing management, as student tenants commonly struggle with financial constraints. Professional student housing management companies usually follow a systematic model to provide their students with the most nurturing ecosystem possible, while also keeping costs under control and providing strong returns to the investors.

It’s not less than a milestone to buy a property in Singapore. It represents the comfort and level of financial stability that you are enjoying now. According to records, despite only 15.9% of Singaporeans live in Condos, you can observe showrooms popping up at every nook. While you are searching for the right apartment, you are going to encounter terms like leasehold and freehold property. 

Now, you will be knowing the difference between a leasehold and a freehold property and why freehold ones are a better choice. 

What is the difference between freehold and leasehold? 

If the property claims to be a freehold development, then you are allowed to own it for an indefinite period. 

However, with leasehold properties, you can only own them for a limited number of years. When the lease ends, you have to return the possession of and to the state. 

In Singapore, leasehold properties are commonly categorized into 2 types. One is 99 and the other is 999 years. Properties with 999-year-old leasehold are opined to be the freehold ones looking at their eternal tenure. With the limited resources left and growing population, most condo leases are of 99 years. You will observe that the tenure of 999 leaseholds will be the rarest. 

Why freehold is better than leasehold? 

Fewer restrictions, more freedom 

Freehold developments enjoy more freedom and flexibility as compared to leasehold ones. You get a greater latitude to bring the changes to the external or internal structure of your unit. If you are a gardening type person, feel completely free to remodel your house to lawns and gardens. 

It will be easy enough to transfer the property to your loved ones if it is a freehold type of property. 

Higher return on investment 

The initial 10 -20 years of a condo are its golden years. It is the period when the value of the property appreciates so rapidly. After this, with a dropping lease tenure, you will observe the depreciation of the property. 

On the other hand, freehold condos in Singapore enjoy immunity from this depreciation. Even if you have missed out aforesaid market boom, you can wait easily for the next hike to sell your property. You just need to make sure that the estate is in well-maintained condition meanwhile. 

Greater value in land ownership 

In a land-scarce country like Singapore, having a freehold property is not less than owning a piece of land. It is a valuable asset. Leasehold property once ended with their tenure, will expire. The fact behind that is, after 99 years you will not be there to own the asset, nor will you be there to pass on your property. 

Amber Sea freehold condo residences is a highly anticipated project located along 30 Amber Gardens in District 15 of Singapore. The whole building stands at a land area of 40,917sq ft., and composed of over 132 housing units. Far East Organization developers has backed the complete development to get ready and win the hearts of its future residents. 

If you want to sell a house fast, one option is to sell the house for cash. This eliminates some pretty big steps in the process, like qualifying for loans and the time it takes for a loan to close. Going through the traditional steps can push you back by months and you’ll also incur a lot of expenses between agents and closing costs.

About 87% of home buyers finance their home purchases. That’s a large part of the buying market. If you do have the time to wait to find a buyer and go through the traditional method, you may be able to increase the sale price. For some sellers, there’s a time crunch to get the property sold.

Reasons to sell my house fast for cash

If you have a house that you need to sell quickly, you might not have time to do it the traditional way. Currently, it’s a seller’s market. Houses are going fast and for a good price. But, even with this increased interest, it still takes several weeks, sometimes months to close on a home. If you sell for cash, you don’t need to go through the lengthy loan process.

Here are a few reasons you might opt to sell a house fast for cash:

• Foreclosure. Life has all sorts of twists and turns. If you’ve found yourself in financial difficulty and face foreclosure, you might need to sell quickly in order to recoup at least some of your investment.
• Not Living in the Area. If you’re relocating from your current location, or you own a second property in a different part of the country, it may be much simpler to sell the house to real estate investors so that you don’t need to travel back and forth through the process.
• Divorce. If you own the property with a spouse or partner, and you’re splitting up, it may be simpler to sell quickly to divide assets.
• Inheritance. If you’ve inherited a home, selling quickly for cash can save you time and money.

Often when you sell a house fast for cash, you can sell the property as-is. This is a great option for a property that needs a lot of work. It saves you the time and effort of investing in renovations and there’s no guarantee that you’ll recoup that money during the sale.

Sell House to Real Estate Investors

If you do opt to sell your house fast for cash, selling to real estate investors is a good option. Real estate investors are ready to purchase and will often be able to buy the property without a loan. This streamlines the process. 

Because you won’t need to wait for the loan to close, you’ll be able to sell the property in days, rather than months. 

There are different ways to find real estate investors. You can put the property up for sale by the owner and request only cash buyers. You can opt to work with a company that specializes in buying properties as-is. You can also work with a real estate agent to find only investors and/or cash buyers.

You can possibly sell the property at a higher price through the traditional method, but that isn’t guaranteed. The market can fluctuate. Putting work into the property before selling can garner a higher price, but it can also be costly to complete. If you’re looking for a quick and simple way to sell a property, selling to a real estate investor is a good option.