NOW IS THE TIME TO SEARCH FOR YOUR LUXURY HOME.

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real-estate

Cyprus Property Investment in 2021

With the uncertainties of current times, many investors are looking for opportunities to generate a reliable, steady and regular flow of income rather than just making a fast turnaround of profit. This can, however, be quite a tricky start if you don’t know the conditions of the various markets out there. Cyprus, one of the leading tourist spots of the world with mesmerising beauty, is a big contender when it comes to property investment. Not only for financial gain, but it comes loaded with aesthetic appeal and a really relaxed and fulfilled lifestyle. It makes Cyprus property investment a brilliant opportunity.

Keep on reading to learn why now is the perfect time to invest in Cyprus.

Cyprus Property Investment: Why now?

1. Low Demand of Properties

The whole of 2020 was shaky for businesses all over the world. The same was the case with the real estate market of Cyprus. This country, which caters to the elite because of its luxurious aura, had lower demand in 2020 in comparison to 2019. This is understandable with global events and worldwide pandemic. However, it is important to note that real estate markets are gradually getting back on their feet.

Despite the fall in real estate investment, according to PwC ‘Cyprus Real Estate Market – Year in Review 2020’ (which provides insights into the behaviour of the Cyprus economy in general and presents key real estate market developments); the Real Estate and Construction sector continues to be one of the key pillars of the Cyprus economy and it contributed 17% to the Cyprus Gross Value Added (GVA) in 2020. This demonstrates the resilience of the Cyprus market and its overall importance to the Cypriot economy.

Investing in a property in Cyprus might not be as good an opportunity in future years as the demand will start rising back up, making properties increase in value. By investing now in 2021, one would be spending less and should be reaping returns in no time.

iListers – Property For Sale in Cyprus

Find your perfect property in Cyprus, search a wide range of properties for sale in Cyprus with iListers.

2. High Rental Returns

Now is the time to buy a property and rent it out since the rental returns are still high. According to reports, the monthly rents for residential properties went up by double-digit figures during the year 2019 according to the Global Property Guide. House rents increased by 12% in some areas, while the rental returns of apartments were up by up to 14.4%. Investing now and setting the house up for renting can be a source of yielding high and regular income.

3. Property Investment Incentives

As demand is lower than before, Brexit and travel restrictions being the main culprits, developers are offering some fantastic incentives to investors to get the maximum return on their investment. Now is the perfect time to take advantage of not only lower prices but also these amazing incentives. Take Minthis Hills for example. A 5 star development on a stunning golf course. The developer can offer anyone we arrange a virtual viewing trip a full VAT refund as well as a free property maintenance service – no fees for you to pay – for 10 years. They also arrange your rentals so it is a stress free property investment with great potential for high returns.

4. Low Crime Rate

The island of Cyprus is a very popular vacation place for many people. As a result of this, there is constant vigilance on the crime situation of the country. In this country, the rate of violent crime is lower than most of Europe, making it a safe haven for outsiders to live in, explore and invest. Moreover, such a low crime rate of 1.2%, as reported in 2018, ensures that your investment will be safe in the long term.

5. Tourism Hub

The country is a major tourism hub. According to statistics, in 2018, the number of tourists was around 3,449,000,000.00, a huge 5.35% increase from the previous year. Although tourism dropped last year in 2020 as people were limited on global travel, Cyprus will continue to be a popular tourist destination for many countries once travel restrictions have been eased.

The tourism of the country plays a huge role in economic growth. With the introduction of vaccines and the pandemic pacing down, travel will hopefully begin again soon, meaning a high revenue will be generated through tourists in the country. Investing now would be the perfect way to profit from the boom of tourism about to come. We can arrange virtual viewing trips to learn more about some of the top Cyprus property investment opportunities currently available.

Investment requires a lot of research and planning. Without diving into any market, a little planning is always wise. It’s no surprise that Cyprus is one of the hottest locations for investment purposes right now for all of the reasons above.

Where to buy your Cyprus Property Investment?

Southern Cyprus has many popular destinations for many reasons. If you want a tourist area Paphos or Ayia Napa is ideal. There are some incredible golf courses across the Island such as Minthis, Aphrodite’s Hills and Venus Rock. City apartments or marina properties, Village townhouses or villas by the sea or in the mountains are all an attractive investment opportunity. There really is so much to choose from and we are happy to help you find the right investment for you. We work with a number of leading developers and agencies and are not an agency ourselves so can take an unbiased view as to the best opportunities available to fit your investment requirements.

To discuss your property investment further or to book a virtual viewing trip email us on info@godquest.org or fill out the form below.

painters and decorators dublin

Painting & Decorating Prices in 2021: How Much Is Too Much?

If you’ve ever had to paint your entire house, you understand how exhausting and stressful the process can be. Although you may hurry into your new home with enthusiasm, putting the first coat of colour as soon as you can to stamp your imprint on the place, your enthusiasm may diminish as the magnitude of the project becomes apparent.

After a few weeks, when all of your furniture is in place and your photos are hung on the walls, decorating won’t seem like such a pleasurable task. Many folks decide to acquire some painting and decorating quotations at this time, only to be surprised by the cost.

Unfortunately, this can result in magnolia walls lasting far longer than planned, as well as containers of new paint collecting dust in garages.

This, however, does not have to be the case. We’ll go through the following topics in this article:

  • How much does it cost to paint and decorate a room?
  • What factors influence the cost of painting and decorating?
  • When it comes to painting and decorating, there are a few things you can do to save money.
  • What to look for and how to hire a painter and decorator.

What Is the Cost of Painting and Decorating?

The chart below illustrates the projected painting costs for a whole house based on size and completion time:

Painting and decorating costs on average are roughly €160 per day, with pricing in Dublin likely to be a touch more. To paint an average-sized room, you should budget between €375 and €500.

On the surface, these costs may appear frightening, which is why many people choose to handle it themselves (or with the help of very willing friends and family).

But it’s their application method and quickness of coverage that really set them apart from the competition. Because painting the complete house will take longer than a week because it will not be your only attention, keep in mind that these costs include convenience as well.

Then, for services such as exterior painting or interior ceiling painting, you may anticipate to pay around:

The time it takes the laborers to remove any old wallpaper or particularly nasty old paint increases up the cost of interior wallpapering. If you have a few hours to spare, you can save money on your trade quote by removing it yourself.

It’s critical to use masonry paint instead of standard interior paint when painting outdoors. Masonry paint is specially developed for outdoor use and will withstand the elements far better than any other paint.

Masonry paint can be used to paint brick, concrete, and many types of wall rendering, so if you want to change the color of your house or simply freshen up some tired brickwork, external painting could be the solution.

What Factors Influence Painting and Decorating Prices?

Painting and decorating, like most home projects, has a lot of variables that can increase or decrease your anticipated costs.

Location

Dublin, unsurprisingly, is the most expensive city to hire decorators in. However, unlike most other home improvement works, where moving away from the city means lower prices, painting and decorating quotations are from competent and experienced professionals, so prices may stay expensive.

If you live in a place where tradespeople are in short supply, it’s a good idea to assess the benefits and drawbacks of hiring newcomers vs those who have been doing the job for years.

Your home may only require a fresh coat of paint to make it presentable for sale or rental, which might be done by a less-skilled professional, saving you money.

It’s also worth noting that if your property doesn’t have a driveway or other designated parking home for the traders, you’ll need to obtain a parking permit for them. This can potentially increase your overall project costs, so do your research before agreeing to a work.

Experience and skill level

Cutting in, covering up moisture, and attaining a consistent finish aren’t always as simple as slapping a layer of paint on a wall.

The majority of your painting and decorating quote will be for labor costs, therefore pricing will vary greatly depending on individual skill levels.

Lower-skilled painters and decorators will be less expensive, but they will take longer and may not provide the same level of service as an industry specialist with years of experience.

There’s also the mess to consider; reputable decorators are more likely to leave a home in the same condition as they found it, rather than leaving you to cope with paint drips on the floor and skirting boards.

Taking Care of Damp Walls and Stained Ceilings

If you’ve just budgeted for painting, you can be in for a rude awakening when a painter turns around and tells you how much more work they need to do.

Damp areas, for example, cannot simply be painted over with the final colour. To guarantee that the moisture does not break through the paint within a few months of application, these areas will need to be sealed first.

Similarly, ceilings stained with nicotine will require a sugar soap wash before painting, and any peeling gloss on woodwork will necessitate a ‘burn off,’ all of which will take additional time and cost more in labor.

Wallpaper Removing

If you need to remove wallpaper, it’s preferable to do it yourself. Unlike other areas of decorating, removing old paper requires no skill and may be done by a novice.

This can reveal hidden problems with your wall before your workers come, which can produce more benefits than just slightly lower labor expenses. The last thing you want is for your decorators to get halfway through a task only to find out that the entire room needs to be re-plastered.

Although re-plastering is unlikely to be included in your painting and decorating budget at first glance, doing so ahead of cost will ensure that your paint job lasts longer. While it may stymie your decorators, it’s a job that can’t be avoided, and if you find out about it before they arrive, you’ll save money on labor costs.

How can I save money on my home’s painting and decorating?

Painting and decorating can easily cost thousands of dollars, so it’s a project you’ll want to save up for over time. If you need something done quickly, there are various tricks you can use to reduce your expected costs.

More Painting for a Lower Price

In general, it’s better to hire a painter and decorator for one huge work rather than multiple small, one-off assignments if you’re hiring them.

Having two rooms painted at the same time, for example, should be much less expensive than adding the costs of a single room. Decorators are good multitaskers, so they can start working on the next room while the previous one is drying.

If you have a huge house that needs to be totally redecorated, bear this in mind. Don’t be scared off by the size of the area and hire numerous contractors for different services — talk to them up front and get quotes for the entire room, then compare the costs to see what works best for your budget and timeframe.

Cut Costs by Hiring Off-Season

Painters and decorators are particularly active at various periods of the year. As a result, their costs may be significantly greater.

Summer is prime season for interior painting, so try to avoid it if at all possible. You may take advantage of a contractor’s empty calendar as well as more competitive costs during low season months, such as early in the year, because they’ll want to take reservations while they’re not in such high demand.

Make the most of your preparation time

It’s advisable to complete as much preparation work as possible before your workers arrive at your property. This could include removing old wallpaper, removing carpets, or laying down dust sheets in preparation for their arrival.

These items may not appear to be significant, but the time it takes to remove old paper can add up quickly if you’re decorating the entire house, so it’s worth doing if you have the time.

What’s the Best Way to Find and Hire a Painter/Decorator?

Has a painter and decorator been in to work on someone’s home on your street recently? Finding out who they used — and, more importantly, if they were any good – might be an excellent place to start when looking for a contractor.

You reduce the chance of mistakenly hiring a cowboy trader, or someone who appears terrific on paper but is terrible in practice, by using someone who has been vetted by someone you know.

This manner, you can get verbatim feedback on someone’s work while also learning about their working style and overall work ethic. Someone who appears to be inexpensive on paper may be slow in reality, which can result in your project price being considerably higher than it should be if you’re working on day rates.

In the same way, if you have friends or family members who have had work done, ask if they would recommend their contractor. It’s crucial to note that if you’re in a different location, local businesses may not be able to come to you, so make sure you find out before settling on someone.

If you’re not sure where to begin or don’t know someone who has recently had a similar job done, an online search tool like Alex Trend Painters can be a good place to start.

All of the postings have been thoroughly researched and are trustworthy, saving you the trouble of dealing with fraudulent traders. You may compare the quotes of like-for-like contractors in one simple search, potentially saving up to 40% on your price.

What Should You Inquire of Them?

Structure of Pricing and Written Estimate

It’s important to have a fixed pricing for the work rather than a daily cost once you’ve chosen a good contractor for your job. Though a decorator may charge a modest fee, if issues arise and the work takes longer than expected, your budget will quickly spiral out of hand.

While this is going on, double-check to see if your quote includes VAT. If it doesn’t, get a new quote that includes the final price so you don’t have any unpleasant surprises when it comes time to pay your account.

Materials

Professional decorators can obtain great deals on materials since they can buy them at wholesale pricing, but it’s important to inquire about the brand of paint they plan to use in your home before they begin work.

Dulux, for example, can be three times more expensive than a home brand, which can significantly increase your costs. To avoid this, either choose your colors and paints ahead of time, or chat to your contractor about the brand they’ll be using so you don’t overpay for your paint.

Experience

As with any hiring process, the easiest approach to determine if someone is a good fit for you and your job is to ask for their relevant experience.

If you have an older home with ornate features, uneven walls, or excessively high ceilings, it’s a good idea to hire a contractor who has worked in similar situations.

Photographs and References

To check the contractor’s claims, obtain references as well as any images or videos of their previous work. Their website may claim one thing, but the proof is always in someone’s work – or in their customers’ experiences.

Insurance

Finally, requesting verification of a contractor’s insurance is a sure-fire means of weeding out fraudulent dealers. It’s important to have documents in place in case of an accident in your home that results in property damage or harm to the contractors.

Conclusion and Final Checklist

If you’re tired of gazing at a dingy paint job or obnoxious wallpaper, hiring a painter or decorator is the way to go.

Here’s our final checklist to make sure you’re getting exactly what you want from your contractor:

  • Remove any old wallpaper and work out any obstructing furniture from the rooms you want to decorate as much as feasible.
  • If your walls appear to be damp or in need of re-plastering, make sure to take care of this before calling in the decorators.
  • Make a decision on the color, finish, and brand you wish to use. If you want to save money, acquire the components yourself instead of relying on your contractor’s high-priced solutions.
  • To avoid spiraling hourly expenses, make sure you acquire any quotes in writing and agree on a fixed charge for the project.
  • Include as many rooms as possible in your quote to assist minimize the price per room rather than having a number of small one-time jobs.
  • Use Alex Trend Painters to discover a reputable dealer and save up to 40% on your project’s estimate.
property

Property Development: How To Become A Developer

Development of real property. On our screens, we’ve all seen it done with ease, but is it truly as simple as they make it seem? Will being a real property developer be a good fit for you? And, assuming it does, how do you go about being a real property developer? This post will reveal everything!

But before we get into the nitty gritty of how to develop a Cyprus property, let’s take a look at what it takes to become a property developer.

What exactly does a real property developer do?

A property developer’s basic definition is simple: someone who earns a living by building new properties or modifying old ones for property. It’s quite straightforward.

What motivates you to pursue a career as a real property developer?

Despite the national press’s doom and gloom regarding the health of the housing market, the fact remains that the country requires additional houses. A great deal more. It makes little difference whether this takes the form of new residences, houses converted into flats, or simply making better use of existing space. What counts is that people need places to live, and with each passing year, buyers (as well as tenants) are growing more discerning. As a result of all of this, becoming a property developer may be both financially and emotionally fulfilling.

The fact that almost anyone can develop property is also a major benefit. There is a financial barrier to admittance for some, but there is nothing stopping you from obtaining formal degrees and training.

Will property development be a good fit for me?

While no formal qualifications are required for property development, it is prudent to put yourself to the test before beginning on your career as a property developer. The following are some important questions to ask yourself:

What’s your financial situation like?

Are you able to speak effectively with a variety of people?

Are you able to work under duress?

Are you a businessperson?

What is your level of risk aversion?

If you don’t answer these questions honestly, it could come back to harm you.

Quality Home Developers

Quality Home Developers is a Paphos-based property development firm that specializes in luxury premium properties.

Our goal is to help investors take advantage of the best property investment opportunities while also living the ultimate Island or European lifestyle.

Our core fundamental values are to provide quality, integrity, and a fresh, modern, innovative approach to real estate in Cyprus, as well as a team of skilled professionals with the knowledge, experience, and integrity to assist our clients with all of their property needs, whether they are buying a home or investing for the future.

Our mission is to provide exclusive, sophisticated, and luxury property projects in Paphos, Cyprus, as well as a team of competent professionals with the knowledge, experience, and integrity to assist our clients with all of their property needs, whether they are buying a house or investing for the future. To learn more please click here.

What are the potential dangers?

The last question, out of all of the above, is usually the one that distinguishes those who want to from those who should. Property development is a dangerous business, so keep that in mind before jumping in head first.

There are several factors that may work against you, including:

Changes in interest rates

Costs of building are rising (both parts and labour)

High-priced legal battles

Changes in the real property market or the overall economy

New rules are going into effect.

Work has been halted due to inclement weather for an extended period of time.

Making blunders (It does happen!) From overpaying for a home to squandering money on renovations that don’t add to the property’s total value)

Of course, there are techniques to reduce the hazards of property development, but it will never be a completely risk-free endeavor. Even simple renovations require time, and the longer they take, the more likely it is that things will go wrong.

However, for individuals who choose to pursue property development, the rewards can be substantial. You simply need to be aware that, contrary to what television producers would have you believe, property development is not the same as having your own money tree in the backyard.

What steps do I need to take to become a property developer?

So, you’ve completed our fast assessment, are aware of the risks, and still believe that property development is the correct career path for you. Great! Now it’s time to take a closer look at how to become a property developer.

Know your exit strategy and plan ahead of time

When it comes to property development, it’s always a good idea to start at the finish rather than the beginning. What exactly do we mean when we say that? Simply put, before you begin, you must know exactly what you want from your new development. You’ll be fully aware of the paths you’ll need to follow to reach your ultimate aim this way.

Before you begin, you should ask yourself two crucial questions:

Will the property be sold or rented after it’s finished?

Do you want to construct from the ground up or buy a “fixer-upper”?

Knowing these two elements can help you plan your exit strategy as well as the path you’ll take to get there.

Make a business strategy

After you’ve taken care of the foregoing, it’s time to develop a property business strategy. Working backwards and forming your development business strategy will be easier if you treat the two responses to the questions above as your general aims. Make your goals as specific as possible, and break them down as much as feasible.

You’ll need to cover the following in your business plan, which is required even if you’re putting up a property as a side project rather than a full-time business:

SWOT (Strengths, Weaknesses (Strengths, Weaknesses, Opportunities, Threats)

research into the market

How will you finance the venture?

What are your expected profits?

Who is a part of the project? (effectively, your company structure)

How will you obtain the property or land?

What is your development strategy?

How will you locate contractors?

Who will be in charge of the administrative side of things?

How will you deal with sales and marketing?

What is your departure strategy?

Work a financial plan

You can then move on to acquiring money for your project once you have a sound business strategy in place. There are several options available to you, some of which will be more viable than others, but the most popular include:

Bridging loan – For those who require finance while waiting for funds from another source.

Unsecured loan – Personal loans can be used for minor renovations, but they should be utilized with caution.

Secured loan – Useful if you need a significant sum of money, but it can be costly and puts your property at danger if you don’t work back the loan.

Residential mortgages are designed for those who intend to live in the property they’re building.

Buy-to-let mortgage – For people who intend to rent out their property after it is finished.

If your effort will result in property for business, such as restaurants or shops, a commercial mortgage is the way to go.

Complete your homework

This is something that everyone who is buying a property should do, but it is very important for developers. Some regions are more conducive to development than others, and some may have opportunities just around the bend that might significantly increase their worth if you work quickly (think Crossrail as a prime example).

However, doing your study doesn’t end with surveying the location and determining your key demographics. It’s also a good idea to learn about conservation areas, local government regulations, and anything else that could get in the way of your ultimate goal.

Know who you’re trying to reach

This brings together both your end aim and the research you’ll have done on the area you want to invest in, and it’s critical that you nail this component of your strategy. Knowing your target audience will develop you design your property to appeal to them, and you’ll automatically attract the right people when it’s time to sell or rent out your new development.

Another advantage of knowing who you plan to promote your property to once it’s finished is that you’ll be able to precisely estimate the expenditures involved. Remember that you are converting the property for folks who fall inside your demographic research, not for yourself.

Purchase wisely

Your ability to buy well will make or break your property development business, as obvious as it may seem. Many people make the mistake of thinking that the development portion is the most crucial, but buying at the appropriate price is what will actually help you out.

Another problem that new developers are prone to is the flurry of activity. Juggling more projects than you can handle may be exciting, but it is, in the end, a road to disaster. Make the most of what you have and don’t be scared to wait if the right opportunity doesn’t present itself when you need it. It will arrive, but you must remain in the game to take advantage of it when it does.

Don’t take excessive chances since you might never get another chance, so don’t do it!

Have a goal in mind

When looking for a property to develop, it’s critical to consider the following factors:

Know what you want to achieve.

Have a clear idea of how to get it done.

Adding value to the property you’re buying is the simplest technique for anyone building property to attain their end goal. This may seem self-evident, yet it is a skill that should not be underestimated.

View a number of houses and try to work out exactly what you could do to add value to that particular home to hone your ability to detect opportunities to add value. Would a loft conversion be beneficial? Is there any available land for construction? Is it better to deconstruct it and start over? Is it possible to turn this property into apartments?

The list of questions you may ask yourself is practically unlimited, but in order to be a great property developer, you must ask yourself the appropriate ones at the right moment.

Give us a call if you’re looking for a fixer-upper in Cyprus. We can assist you with your local area research and lead you in the direction of appropriate houses. We can also assist you after your development has been completed, whether you decide to sell or rent the property.