The Best Way To Ruin Your Property Investment

If you are focusing on property as part of your investment portfolio, then it can seem one of the surest ways of providing a financial future. After all, it’s extremely unlikely your house is just going to fall down – and even if it did, you still own the land. People are always going to need homes and the housing market and appetite for mortgages will always rise again, phoenix-like, from any crash that they go through. So what could be safer?

While property investment is a viable way of diversifying your financial choices, it does have one area of concern. Property tends to be changeable. Even if you buy a house, don’t touch it, don’t rent it out or live in it, it’s still going to be subject to change. It’s still going to be buffered by high winds, fall victim to pests, or have roof tiles slip and crash into the ground – which, if you’re not careful, will happen to your financial planning too.

That means that maintenance becomes a foremost concern. There’s no point in having a property for a financial security if it’s going to come apart at the bricks and mortar. Whether you buy a perfect home or one in need of a little more TLC, the same needs are going to apply: it’s going to need work done to it, to maintain the health of your finances. And the moment you get into the renovation, remodeling, and maintenance side of property, the risk of falling into a money pit becomes greater and greater.

You may decide the best way of preserving your investment is to do a lot of the work yourself. This will especially appeal if you’re a DIY fan; someone who finds enjoyment in the idea of taking on physical labor and learning new skills. When you make the decision to do the work yourself, it’s often not long until you find yourself researching in detail the different types of saws you can buy, studying this Millermatic 211 review from pickwelder.com, daydreaming about how good it will feel to do any work at all with your own bare hands…

… and then you realize that, maybe, you’re not so good at this.

If you make mistakes by taking on tasks you don’t have the skill or expertise to complete, then things can get expensive incredibly quickly. Not only will you have wasted materials for your own efforts, but it’s going to cost a lot more to rectify the mistakes you made. Unless you really, truly, know what you’re doing, then always bring in professionals for any kind of household repair, maintenance, or change.

If you decide that you’d still like to take on the work and are willing to take a few night classes you can learn some extra skills. While this is better than just diving on in and hoping for the best, do try and take into account the time factor. While you may be able to master the skill, that doesn’t mean you’ll do it quickly. Always factor the costs for your own time into the equation when figuring out the best way forward financially.

4 Incredible Ways To Grow Your Business

So, you want to grow your business. Nobody wants to start a business that just sits stagnant for a long time, which is why business owners always need to remain innovative and moving forward for things to progress. In this short guide you’ll find 4 incredible ways you can grow your business:

Get Serious About Social

Social media is used by millions of people each and every day, so it only makes sense to start using it for your business. You need to remember that social is about being social, and not about bombarding your audience with advertising.

Make Your Branding Stronger

How can you make your branding stronger? By making sure you’re consistent in every single aspect of your business. You should be consistent in your messages to customers, emails, across social, on blogs – the works. You should have consistent brand fonts, colors, and a great brand voice.

Create Better Content

Content creation is huge in 2017, so you really need to pay attention to it. Vlogs, blogs, pictures, how-to guides…all kinds of content can be used to grow your business. Make sure you go for quality over quantity, but also ensure that you’re consistent.

Start Crowdsourcing

Crowdsourcing has both pros and cons, but in general, it’s a great way for businesses to really learn what their customers want. If you don’t listen to your audience and take their opinions into account, you’re going to lose them. Take a look at the infographic below for some crowdsourcing disasters that you can learn from:

Source: University of Southern California Online

Avoid These Self-Build Project Disasters

When you’ve fallen in love with your design, you know you have to build it, no matter what. But if you are foolish with your finishes and frivolous with your finances, you could lose everything. If you’ve got as far as approval for your architect’s drawings, then chances are you’ve already invested a lot of cash. Make sure you avoid these self-building disasters so you can enjoy your beautiful new home:

Cutting Corners

Once the money starts to run out, you can be quite tempted to cut corners. You may start to wonder just how much you can get away with. Don’t risk the safety of your family, or your contractors by ignoring regulations or buying substandard materials. Yes, building regulations inspections are expensive and time-consuming. Miss them at your peril! Your local authority may have the right to tear down everything you’ve worked hard for. Remember, they’re there to help.

Poorly Managed Budget

Most projects will have those moments of uncertainty due to unforeseen costs. Meticulous planning and a healthy contingency pot can help you out of a tight bind. That doesn’t mean you won’t be caught short somewhere. Things that couldn’t be predicted can be the downfall of a project. Don’t let running out of money cause more problems. Find a bridging finance broker that can help you over the bump and back into the black.

Lack of Survey and Research

This tends to happen more often if you’re building for other people. When it’s your home, you’re more likely to have an interest in finding out everything you can about the land, the area, and the region. You should always invest in adequate surveys to check out the history and topography of your plot. Sure, it might throw up a few surprises that could increase the cost of your build. Better to know that before you start. You can spend a few months saving up the extra with no harm done.

Self-Build Without The Skills

If you don’t know what you’re doing and you haven’t ever done it before, you need to find people to help you. You want this property to be an investment. It needs to be worth more money than you’re putting in to build it. But if the craftsmanship is poor, it won’t be worth much at all. And if you’ve done something wrong, it may not be a safe property to live in either. You can learn on the job, but only if you have someone showing you the correct way to do things. You can build a home for less by taking on the work yourself. Don’t let this decision cost you much more in later repairs or replacements.

Building your own property can be a great investment idea. Property can often be a good place to grow your cash. But self-building can also be very risky for lots of reasons. It’s important you take the time and invest the money in the right places to avoid disaster. After all, this is going to be a home, not just a nest egg.