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The Advantages of Renting an Apartment Vs. Owning a Home

March 11th, 2010 FlatsForRent-London No comments

You’ve probably heard this before: if you’re making a monthly rent payment, as opposed to a monthly mortgage payment, you’re essentially throwing your money away. Well, as common as the saying is, it’s not necessarily true – in many situations, it’s actually much more advantageous to rent an apartment rather than own a home. Here’s why:

It’s Easy

Compared to owning a home, living in an apartment rental is incredibly easy. Why do the work yourself when you can enjoy the following benefits:

·        Dedicated property and maintenance staff to call if anything goes wrong

·        No back-breaking snow shoveling, lawn maintenance or pool/sauna care

·        One single monthly rent cheque usually pays for everything (instead of several separate bills and fees when you own a house or a condo)

You Get More for Your Money

Believe it or not, you can usually rent an apartment or house for much less than the cost of buying it – especially if you live in a larger city. And if you want to be right downtown, renting is almost always more affordable than owning a condo (and you get a lot more living space, as well, as downtown apartments are usually much larger than downtown condos).

As well, apartment renters don’t have to come up with the thousands of dollars in down payments, closing costs and fees for things such as building inspections, legal counsel, land transfer taxes and insurance.

And this doesn’t even factor in the cost of borrowing – in the first five years of ownership, most mortgage payments are applied only to the interest, not the capital. This is money that you won’t get back when you sell your home (and you’ll still have all the hassles and extra costs of putting your house on the market).

That Tax Break is Not Guaranteed

Getting a big tax break is supposed to be one of the greatest advantages of owning a home – but you can’t always rely on getting this break. If your annual mortgage interest payment, plus any other deductions you are entitled to, isn’t greater than your standard tax deductions, you will not receive any tax benefit from owning a house.

If you rent an apartment, however, you’ll always receive some form of tax relief, as a large portion of your rent is tax deductible every year.

Maximum Flexibility

Renting provides an enormous amount of flexibility. You can pack up and leave immediately at the end of your lease (which can be monthly or yearly, whatever best suits your lifestyle) – there’s no waiting to sell and no agonizing about the housing market before you move. For many people, the freedom to live where you want and when you want is a huge benefit that simply cannot be overlooked.

Minimum Risk

For homeowners, the stakes are enormously high should their finances crumble. When they can’t pay the mortgage, the lender has great leverage – the house and all the equity invested in it could be in jeopardy. That’s not to say there aren’t consequences if a tenant can’t pay the rent – but the financial devastation that comes with losing your home is far greater than being evicted from your apartment.

In addition, there are several social service programs that are run by all levels of government to help people in need pay their rent so they won’t be evicted. Are the banks as lenient or supportive when it comes time to pay the mortgage?

Ultimately, making the decision to either rent an apartment or buy a home involves much more than simply comparing rental rates, mortgage payments, lease lengths and tax breaks. It’s a combination of all of the personal circumstances happening in your life – both now and several years down the road.

Tips To Renting An Apartment In Dallas

When you start thinking about finding a new apartment in Dallas, it can be exciting and challenging at the same time. The prospect of having more space and making new friends is exciting; the challenge is how much time, effort and money it will take to make it happen.
If you have been apartment hunting for a while but you have not found a suitable apartment yet, it can be frustrating, especially if the problem is because of an insufficient income. The apartment markets in most of the major cities are upscale, even though most people do not have upscale salaries.
Take a proactive approach to the situation and be honest with yourself; first, you may want to live in a certain area, but if you cannot afford it, focus on the features instead of just the location. Second, realize that most of the apartments that are easy to find will be the most expensive to rent. When you the amount you want to pay for an apartment rental is below the average market price, you have to allow yourself as much time as possible to find the apartments are that are within your budget.
Now that you have identified the features you want and the amount you want to pay for your new Dallas apartment, you can begin to focus your energy on where and how to find your ideal new home. Begin by researching the features you want to see where they exist. For example, if you want your new apartment rental to be on a tree lined street, there will probably be many different locations that meet these criteria, once you find them, you can begin to select the ones that work best for you.
Distance to services, transportation and social activities are all factors in choosing a location for your new apartment home. Many times you will find apartments that have a low rental fee, but you have to budget more time to travel to work or for social activities. You have to decide what is more important to you; time or money.
You will find that it is easier to negotiate directly with a landlord than going to an apartment locator or real estate broker. A good rule of thumb to use when looking for an apartment in Dallas is the closer the range in area the better your chance of finding an apartment you can afford. For example, if you search for an apartment in a city newspaper, you will find many apartments that are listed by real estate agencies, while a neighborhood newspaper will have more advertisements for apartments for rent by the owner.
The apartment services on the Internet are a great way to get the important information you need to find your new apartment in Dallas, such as neighborhood descriptions and community services, like transportation and bank location. Play it smart and check the Dallas government site for any laws that apply to renting an apartment before you sign a lease.

Rented London Accommodation Options For The 2012 Olympic Games

January 20th, 2010 FlatsForRent-London No comments

In 2012 one of the most important sporting events will be coming to London, the Olympic Games will obviously draw huge numbers of people, all interested in experiencing the event in person and soaking up the incredible atmosphere in the capital. One of the most important aspects of any stay in the capital is the organisation of your accommodation; obviously you need the best options to make your time as enjoyable as possible. Firstly it needs to be within a moderately easy commute of main sporting areas, the ability to easily get to different areas of London will be seriously hindered by the sheer quantity of people prepared to use the transport routes. It is also essential to be staying in a relatively central place to really experience the buzz surrounding the event, the majority of central London will be a hive of activity with a great deal going on including markets and street shows. There are a great deal of options available to anyone looking to stay in the capital during the Olympics in 2012 and the venues of the Olympics will be spread over a vast area, so there will be plenty of different places that you can usefully stay.
It will be very busy during the Olympics in the capital so it will have to be a well prepared stay in the capital, and often there are massive price hikes towards the event and you can end up paying vast sums more than you would have done if you booked and paid in advance.
A brief Guide to the Olympic Venues
The majority of the venues for the Olympics are in central areas surrounding the Thames, the main arena is the ‘Olympic Park Stratford’, close to Victoria Park. The venue is currently being built and will house the main Olympic stadium, the aquatics centre, the athlete’s village and the VeloPark (indoor cycle track). Other areas that will host some of the events include Wimbledon which is hosting the Tennis, Wembley which will be showing the football and the Lords cricket stadium will be staging the archery. Also the Millennium Dome (O2 arena) will be housing the gymnastics and possibly the quirkiest choice is the House Guards Parade, the home of the ‘changing of the guards’, which will play host to the beach volleyball tournament. There are a variety of venues in different areas of the country so you can enjoy the Olympics without necessarily travelling to London. Some of these venues include Old Trafford (Manchester), St James’ Park (Newcastle), Hampden Park (Glasgow) and the Millennium Stadium (Cardiff), which will stage the football tournament. There will also be other areas playing host to specialist events, including Eton Dorney (Berkshire) staging the rowing, canoeing and kayaking and also Weymouth will stage the sailing competition at the National Sailing Academy on the south coast of England.
Hotels in London
For people wishing to stay in some good areas during the Olympics, hotels provide some good options. If you are looking to stay near the Olympic Park in east London then hotels such as the ‘Holiday Inn Express Stratford’ should comfortably accommodate your needs, as it is a recently built hotel and well known for its quality. There are various other options available within easy commute of Olympic locations including quality hotels in the docklands and the Canary Wharf areas, some of the options in these areas include the ‘Hilton Docklands’, the ‘City Hotel’, the ‘Travelodge Docklands’ and the ‘Four Seasons Canary Wharf’. Hotels will certainly be expensive during the Olympics but will offer a useful, adaptable alternative then other forms of accommodation.
Rented Accommodation in London
A great way of experiencing the Olympics is to rent an apartment; many people prefer the relaxed nature of living in a designated home with comfortable living space compared to a hotel. It also affords you the adaptability to choose whether you want to go out for meals or enjoy an evening in or entertain friends, generally a more adaptable option. Often rented accommodation is cheaper than a comparable hotel as there is no service associated with the property and so lowers the overall cost of renting. There are some negatives though with the luxury of room service not being available at rented accommodation amongst other services associated with hotel accommodation.
Other Accommodation in London
There is a variety of cheaper accommodation available in London including various hostels, bed and breakfasts and guest houses available. These are situated throughout London and often in useful places to view and be involved in the Olympic Games; some of these include the ‘Piccadilly Backpackers Hotel’, the ‘Jesmond Dene Hotel’ and the ‘Belgravia Hotel’. There are various sites that can be used to find and book accommodation throughout London, some of these include ‘hostellondon.com’ and ‘bedandbreakfasts.co.uk’

Property Classifieds

November 14th, 2009 FlatsForRent-London No comments

Traditionally, property classifieds have appeared in local newspapers or in flyers that are meant to advertise estate agents. However, this is the old fashioned way to sell property and these days, you´ll find that you have far more success with online property classifieds.

You can even try to sell your property on your own, without the use of an estate agent. Advertising your house or flat online could be all you need to do to secure the sale at a fraction of the cost. This method would be a great idea if you are planning to move later in the year, you can post a classified ad and test the water. After getting a feel for the interest in your property you can make an educated decision on whether to bring in a estate agent or not.

The internet has made the entire world available to everyone. You can now list your property for sale in London and have someone in Columbia buy it! This opens up a world of possibilities for anyone looking to list property classifieds. Online is a better way to go because you expand your audience.

With property, it´s quite likely that you´ll have People interested from other countries. There are always those who dream of living in a foreign country, or perhaps a national who lives abroad and is thinking of coming home again. In either case, the internet allows you to reach these potential buyers through online property classifieds, drastically expanding your market and making it possible for you to get a higher price for your properties.

One of the big advantages of having your property advertised online is that you can often list for free, or a very low fee. Taking out an advertisement in the local paper will cost a pretty penny and if you want to take out a bigger ad with photos, etc. it will cost even more. Running a print property ad can be somewhat cost prohibitive, but going with online property classifieds allows you to have quite a few options, without having to pay a small fortune.

You will be able to list your property classifieds on more than one website, as well, ensuring complete exposure. Most people look online when they are interested in buying property these days, so you can easily make it work for you.

Tips and Tricks for Effective Property Classifieds

When you place a classified advert online, there are many advantages over print ads. For example, you have the search engines on your side. If someone is going to search on Google for property, they will probably have a specific area in mind. Using the words that they would search for in your ad will boost your chances of having people see the ad.

Not all services will allow the search engines to pick up the ad directly, but those that do will bring you some great traffic. Let´s say you have a property for sale in Cardiff, in this case you would want to include “Cardiff property” or something similar in your ad. This will help the search engines find your particular listing when someone searches for Cardiff properties and they will be taken to your property classified.

Using photos is a great way to boost your views. Most people interested in buying property are looking to see what it is like. Whether you have some land or a home for sale, your potential buyers will probably skip your property classifieds unless you include at least one photo. This gives people an idea of what the property looks like and will let them know almost instantly if they are interested in it.

Let people know in your advert if you are open to negotiation. This will open doors for you and make it possible to bring in more possible buyers who might be interested in negotiating. If they aren´t happy with your stated price, they´ll feel more comfortable giving a counteroffer if you mention it in the classified.

Using a good title will also draw people in. Don´t just say “Beautiful Property”. That doesn´t give them any reason to check it out. But using something more informative, like “4 Bdrm, 2 bath home in Cardiff” will catch their attention faster and bring in more viewers. One of whom might be your future buyer.

For anyone interested in selling their property, online property classifieds are an excellent way to go. You expand your market and make it possible to bring in clients from anywhere in the world. This makes it easier to get the price that you want, as well, since you´ll be able to pick and choose from potential buyers.

Phenomena of International Real Estate

November 12th, 2009 FlatsForRent-London No comments

Dubai… A great place to live and property investment!

The Dubai Properties and Real Estate Blog is a resource center for international property investors. Being the commercial hub of the Arab world, Dubai saw property boom since 2002 when the government had permitted foreigners to invest in Dubai properties in order to boost Dubai and as well as the whole UAE real estate market.. For a few years now, some have been saying that the Dubai property bubble was about to burst and that a property crash was just around the corner. Yet, prices kept increasing and such doom mongering proved unfounded. The Dubai property market is unique in many ways, and as such doesn’t follow the general rules of other property markets around the globe and other Middle East property markets. The current rate of return on UAE property investments is in the region of 10 – 15 percent per annum, with this rate expected to continue for the foreseeable future, and rental yields in excess of 10% are further evidence of strength in the property market. The growth in the tourism industry of Dubai has been phenomenal with the 3.4 million visitors in 2001 expected to rise to over 6 million in 2010 – from a standing start the area is becoming a magnet for overseas visitors. Many of Dubai’s property developments set out to emulate the most prestigious residential addresses in the world. However, the less glamorous middle-income gulf or Middle East real estate market is increasingly drawing the attention of savvy investors. Dubai Properties is one of the biggest and has said it will deliver 5,000 units to the freehold market in 2008 which is not nearly enough to meet surging demand. Abu Dhabi property market will not deliver a single new real estate unit this year, and deliveries will only start late in 2009, and that creates additional demand in Dubai.

The Mediterranean island of Malta has recorded the strongest growth in property prices from countries in the European Union, and recent news could help see property inflation in double figures for the next few years. Malta is not only a tax efficient location with beautiful costal properties for sale or rental, but its warm climate, beautiful sea and days full of sun will help you relax and retire in a friendly and safe environment for Mediterranean property investment. Sustained property inflation at levels seen in Malta are rarely seen in other countries, but new economic activity on the island could see property demand at good levels for some years to come. The introduction of low cost flights to Malta from the UK will open up the possibility of more international real estate investors looking at the island for holiday homes that could be used for long weekends, and the Malta hotels industry could reap the benefits of the 3 and 4-day tourist seeing the island as a viable place to visit. After some years of wondering how Malta property market would fit into the modern world, property agents, hotel owners and the Malta holidays industry are beginning to see the future with some optimism.

Due to the gains in housing equity in the past 20 years, more people have been seeking to invest in housing, rather than other forms of investment. In the UK there has been a rise in the number of private buy to let investors. Similar to an increase in the buy to let sector, there has also been an increase in demand for houses from oversees property buyers. This has had a significant effect in boosting real estate demand, especially in London. In terms of land mass the UK is an incredibly small country yet it attracts amongst the highest levels of immigration in the world. the supply of property is always restricted in the UK and that exaggerates price swings and ensures a recovery. Those more patient buyers from Arabia will find themselves well rewarded.

Come and Visit the New Saatchi Gallery in 2009

October 30th, 2009 FlatsForRent-London No comments

The new Saatchi Gallery just off the trendy Kings Road in Chelsea is already becoming a “must see” destination for visitors to London.

Admission is free to this amazing display of contemporary art.

The imposing location at the Duke of York HQ is just a few minutes walk down Kings Road from Sloane Square underground station and just 10 minutes walk from Victoria station.

Currently on display is a stunning exhibition of pictures, sculptures and installations by 24 of China’s leading artists – mainly based in Beijing. Many of these innovative works are stunning and thought provoking and even humorous.

Of note are some very realistic wax sculptures including one of an elderly angel lying prone with realistic fleshy “poultry-looking” wings which appear to be almost real. There are some witty paintings of Chairman Mao in unlikely locations including Venice (enjoying the sun with a bikini-clad companion), the Yalta Conference, the McCarthy hearings and riding in an open carriage with the Queen Mother.

In the basement is a hypnotic installation of life-size elderly state leaders, past and present, including Archbishop Makarios and Fidel Castro. These ancient characters are displayed in their declining years slumped in motorised wheelchairs. They move and collide randomly in the space providing a strangely mesmerising display.

Outside on the plaza is an open air café and on Saturdays in the plaza there is Chelsea market – a veritable bustling melee of stalls cooking and selling delicacies from many of the major cuisines of the world. The aroma from the wonderful food permeates the square where you can buy delicious produce such as French cheeses, juices, Middle Eastern, Thai and Spanish food, as well as organic meat, whole food wraps and good Olde English pies.

A trip to London is not complete without a Saturday stroll in this bustling area of London. You can shop in the eclectic collection of designer boutiques, enjoy good food and complete your day with a memorable visit to the excellent and unforgettable Saatchi Gallery.

London Serviced Apartments – a Home From Home in the Hustle and Bustle of London

October 21st, 2009 FlatsForRent-London No comments

For corporate employees in London on project assignments, serviced apartments offer the best of both worlds. You will benefit from spacious accommodation, as well as having a separate fully equipped kitchen where you can prepare your own meals and a bathroom. Even in a studio apartment, you will have ample space to work and entertain friends or clients and well as broadband internet access. Serviced apartments offer you the chance to enjoy the services you would expect from a hotel whilst enjoying the privacy and freedom offered by having your own apartment, your own home from home in London.

In central locations, most service apartments are just a stone’s throw away from London Underground stations and a host of restaurants, bars and the nightlife of the city.

At the Citadines just off London’s famous Trafalgar Square there is a large breakfast area next to the foyer where you can enjoy coffee and croissants in the morning. Embankment and Charing Cross stations are just a short walk away. You will be close to the West End with Regent Street and Piccadilly just 15 minutes walk. In this area, busy bustling streets are lined with shops and you will be just a few steps away from theatreland where you can enjoy London’s vibrant nightlife. You can rent a studio apartment for any length of time from one night upwards.

For the international family, there is superb contemporary accommodation available behind the magnificent traditional facades of old Victorian buildings in areas such as Knightsbridge and Clerkenwell. These provides provide a home from home for businessmen and their families on assignment to London.

For the business traveller, there are many options available. See www.gocityapartments.com  for details of over 1,000 London serviced apartments from budget studios to luxury penthouses.

Come To The City Of London For A Spring Weekend Break

October 20th, 2009 FlatsForRent-London No comments

Are you feeling fed up with the long dreary winter and desperate to start to enjoy Spring? Do you want to get away from it all and enjoy some culture? Maybe a stay in the city of London will help you beat those winter blues and recharge your batteries in one of the most vibrant cities in the world. You can enjoy the many events staged at the Barbican and visiting the West End for shopping and theatre trips.

Independent travellers to London are often surprised at how easy it is to rent a fully furnished apartment for a short break in London. Apartments are available from periods of just 1 night upwards!

You can stay just 150 metres from the Barbican centre in a simple studio apartment with its own fully equipped kitchen and bathroom for well under a hundred pounds a night. Included in the price are linen, towels, broadband internet access, TV, HiFi, direct phone, in-room safe. You will have the flexibility of being able to prepare your own snacks and meals whilst enjoying your own private home from home in London.

The Barbican is Europe’s largest multi-arts and conference venue and presents a huge range of art, music, theatre, dance and educational events. It is also home to the world-renowned London Symphony Orchestra.

Offering an unparalleled programme of film festivals, the Barbican shows a whole host of movies from an eclectic mix of independent directors from around the world.

There are many superb concerts or events at the Barbican Centre. Leading musicians and soloists from all over the world in both classical and contemporary music perform regularly at the Barbican. In classical music, world-famous artists such as Cecilia Bartoli, Simon Rattle, the Vienna Philharmonic Orchestra, Evgeny Kissin, Maxim Vengerov, Alfred Brendel, Bernard Haitink, Mstislav Rostropovich, Midori, Amsterdam Concertgebouw Orchestra, Yo-Yo Ma have been enjoyed by visitors to the centre in recent times. In contemporary music the best artists in jazz, country, folk, world, roots, rock, soul and contemporary classical music from around the world are proud to perform there.

The restaurants at the Barbican Centre are popular with visitors and serve an excellent selection of meals, both at lunchtime and in the evenings.

The Barbican is also the perfect location for business travellers to the City of London. Corporate executives on assignment in London enjoy living in the hub of the business and artistic centre of the city. Partners are often happy to come along and enjoy the arts, as well as having the opportunity to hop on the tube at nearby Barbican Station and travel in to the West End for shopping. Everyday life in London offers so much to the visitor with its pubs, olde English backstreets and amazing array of shops and quality restaurants.

One of London’s greatest landmarks within walking distance is the fabulous St Paul’s Cathedral. You can climb to the top and enjoy magnificent birds eye views of one of the most amazing cities in the world.

If you are a lover of Shakespeare you can visit the remarkable Globe Theatre nearby at Southwark which also offers an impressive calendar of events throughout the year which include theatrical performances and lovely concerts.

You can stroll along to St Katherine’s Dock and watch the fascinating comings and goings at the fabulous marina full of sailing boats whilst enjoying a meal in one of the many waterside restaurants.

Engineering enthusiasts love to visit Tower Bridge and watch as this fabulous old Victorian icon opens to allow tall ships to pass through on their way up the Thames. Again, you can enjoy stunning views along the river from its walkways. In recent years, it has become an impressive London venue and it is now even possible to get married on Tower Bridge!

Whatever your taste, a stay in the Barbican area of London will offer you excellent entertainment and sightseeing opportunities. As well as the arts and culture, you can enjoy fantastic shopping in Oxford Street and Regent Street with the West End just a short distance away on the tube.

Serviced Apartments in London – the Perfect Solution for the Corporate Traveller

October 17th, 2009 FlatsForRent-London No comments

Do you ever come to London working on project assignments? Or do you send teams of staff to the UK for training etc? Are you often looking for a cost-effective accommodation solution? You may find that renting a centrally located serviced apartment will be the best idea to consider.

Serviced apartments are usually located just a short distance away from the London underground, as well as the many restaurants, bars and nightlife of the city. Serviced accommodation offers the best of both worlds – most serviced apartments are larger than the average hotel room and they all have a separate kitchen and bathroom. In your apartment, you will have plenty of space to work and entertain friends or clients. Most serviced apartments offer broadband internet access for occupants. You will be able to enjoy hotel services such as cleaning whilst enjoying the privacy and freedom of your own apartment, your own base in London. Most serviced apartments are available from one night upwards.

Just off London’s famous Trafalgar Square you can enjoy staying at Citadines which has a large breakfast area where you can enjoy coffee and croissants in the morning. Embankment and Charing Cross stations are close by. You will be near the West End of London with Regent Street and Piccadilly just 15 minutes walk away. You will be able to enjoy walking down the busy bustling streets and browsing in the shops and take in a West End theatre show, being just steps away from theatreland where you can enjoy London’s vibrant nightlife.

The contemporary accommodation available is superb, much of which nestles behind the magnificent traditional facades of old Victorian buildings in areas such as Knightsbridge, South Kensington and Clerkenwell.

For the corporate traveller, London has a lot to offer. See www.gocityapartments.com  for details of over 1,000 London serviced apartments from budget studios to luxury penthouses.

 

 

 

Family Vacations in London, England

October 16th, 2009 FlatsForRent-London No comments

Are you planning to travel on a family trip to London, England with children? Vacations in London can be much easier for parents and children when families take up residence in a serviced apartment for the duration of their stay.

 

Serviced apartments all have their own separate kitchen with cooking facilities so families with children are not obliged to find in with the rigid timetables of hotel mealtimes. Meals can be prepared at your leisure.London houses thousands of serviced apartments which are available for short term rent for one night upwards. Most are located just a few minutes walk from London underground stations. London is easy to get around on public transport and you will be able to visit the many sights.

 

Vacationers renting a one bedroom apartment in the London will benefit from spacious accommodation including a lounge (with sofa bed), separate bedroom, separate kitchen with cooking facilities and separate bathroom. One bedroom apartments are generally equipped for the family of four.

 

For families visiting relatives in the UK, a serviced apartment will offer you your home from home where you can live, cook and entertain independently. Not only will you be able to visit your own relatives and friends in the capital but you will be able to invite them to come and visit you in your own home from home.

 

Your children will especially enjoy the opportunity to go to the major London stores. With their beautiful displays and huge toy department, Harrods is a favourite destination. Whilst in London the children will also enjoy a visit to Hamleys toy shop in Regent Street. Parents will also be delighted to shop in the bustle of Oxford Street and enjoy the  sales. For bargain hunters and novelty purchases, the bustling Portobello Lane and Brick Lane markets offer great shopping.

 

For entertainment, there are numerous shows and musicals on in the London theatres. During the winter there are numerous open air ice-skating rinks for family fun.

 

London is a fabulous destination for families with children as there is so much to see and do so early booking is recommended.