REAL ESTATE UPDATE June 2016 | Page 7

hen How renting outcan your home. much you actually afford? w am I going to show my home? How am I going to qualify the tenants? What notices Before even think about will whether you want a two bedroom apartment in Dubai Marina or a three-bedroom villa in The Lakes, arrange foryou repairs? Who handle emergency calls? What if my tenant stops paying you need to figure out what you can actually afford. That means taking an inventory of your income, expenses, assets, savings ent company, and debts.Aston Pearl Real Estate is your answer to these questions and more. In order to be approved for a loan, it’s important that you have a clean credit history. When you’ve made the decision to take a loan, get copies of your credit report and check that the facts are correct. If you have a credit issue, ensure that this is settled before making your application. We will: you start forthrough your dreamour home, contact a online mortgageproperty advisor for advice on the loan amount you will be qualified •Before Market yourlooking home website, portals, newspapers, for. You can also use one of the many calculators available online to check your affordability. Remember to add in the additional open house, campaigns, networking with charges that wille-marketing be part of the property buying process, which includes the other deposit creditable (payable in fullreal according to the terms of your offer), the transfer fees (due when the transfer takes place), loan application fees, etc. Also factor in the costs of moving into a estate agencies new home, your household insurance and the small costs like buying a second remote, changing locks or fitting a towel rail, which •can Show your property to prospective, add up and spoil the pleasure of a new home. pre-qualified, tenants and screen applicants. Understanding your budget will allow you to save the disappointment of looking at houses you can’t afford and will put you in a •better Conduct move-in/move-out inspections, provide written reports and pictures position to make a serious offer when you do find the right property. • Collect rent and distribute to landlord under his name. • Distribute legal notices on time and rules violation notices. • Register the tenancy contracts with RERA/Ejari • Hire and supervise maintenance contractors. • Prepare lease agreements, manage renewals and rental increases. And, when your tenant does eventually You can’t start searching for your perfect home until decide you knowto leave, we can start the whole what you’re looking for. Decide what your actual needs are: number process over again for you. What do you want before you go looking? of bedrooms and bathrooms, private garden or spacious balcony with THE view, security, off-street parking, staff quarters, pet friendly etc. Be realistic with your wish list and identify what is an essential ‘must have’ and what you would be willing to compromise • Maximise income on. A crystal clearyour idea of your needs will help you go through the properties for sale and will save you time and disappointment. What are the benefits? • Market-leading research • Expert knowledge • Portfolio management • Improved retention & shorter vacancy cycles Which area is for me? When considering purchasing a home you’re considering a lifestyle choice that requires you to think about how you like to spend your time and the type of community where you want to live—such as aBecause, rural area without we: neighbours, a high-rise building in a city or a home within a planned community with recreational amenities. Why Aston Pearl? Will this home still fulfil all my needs if later on? The expense involved in buying a home can mean that you live there for much longer than you intended when you bought it. Life happens and needs change and sometimes your initial idea of buying this home for a limited time before selling and moving to “the perfect’ place just never happen. Because a house is a huge investment, you must be happy with your home for as long as you live there. Take into account that you may gain or lose a partner, • Are leaders in the property supervision and management field or offering to leave home. You’ll get have children watch them thatthat beautiful loftwill area may be hard to reach Where buy your home is very important because they once you’ve 200+youlandlords a professional service can rely onolder andand one they on legs that are no longer as strong. Plan for the bought it, you can’t move it if you’re not happy with its location. The want to you recommend. future and make sure that your investment will serve area where buy is important from a security and convenience you well over time and that you will always feel that aspect, and will also influence the future value of the home. • Look after your property as if it is our own. this home is your castle - the place of your dreams. • Selective about the tenants we place in your property as we have an online Buying a house is not an everyday thing; therefore database of thousands of people looking to find a property. it must be one of the best times in your life that’s onceproperty you’ve thought through the emotional and • Have a dedicated marketing team who can advertisewhy your to the financial aspects of becoming a homeowner, Aston ‘right’ people. Pearl real estate brokers is ready to guide you through process to achieve • Offer competitive rates with a service that surpassesthethat offered byyour ourdream of homeownership. competitors. So if you’ve never bought a home before, rest assured you’ll be in very safe hands with us. We’ll be right there with you from the very first interview until the To find out more and to contact one of our experienced dayproperty you get the management keys to your very own real estate. If you’d like us to help call on +971.56.29.66.320 or supervisor, please go to www.astonpearlre.com or feelemail freeus to call our you office [email protected] +971 (0)4 392 8831 or mobile no. +971 (0)56