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Why Are Care Homes Good Property Investments?
Care home investments are one of the quickest growing sectors in property investment within the UK property market. Many investors are seeing the traditional buy-to-let market decline in demand, consequently giving investors a lower rental yield than ten years ago. Because investors are always looking for the most profitable investments, many have decided to venture out and diversify their portfolio by investing in a care home unit.
Care Homes Are High Yielding Investments With 10% Net Yields Annually
The Health and Social Care Industry is worth billions, which further confirms the high demand for care home properties and residential retirement homes. The demand is so high because the UK is experiencing the effects of an ageing population. The life expectancy has increased over the years and the UK has had to adapt to these changes by giving retirees more options when it comes to residential properties and specialist health/social care. The best option for the rising demand is to build more care homes to cater to the older demographic across the country.
Because the demand is so high, investors and developers are seeing a gap in the market. There aren’t enough residential options for pensioners who want independence, but still need care. Although the demand for care homes is acknowledged, the NHS hasn’t been able to keep up with the elderly’s needs.
As a result, private investors are putting their money into care home units to get a rental income from a high demand property. The high demand and low supply means the industry is less competitive and the rental yields per annum are very high at 10%. For an investor used to average buy-to-let yields of 5-6%, this is a massive opportunity for high profits.
How To Find A Good Care Home Investment Location
When it comes to care homes, the location is very important. With such a specialist commercial investment, it will only be successful if you choose an ideal location for your property. For a care home investment, the most ideal location will have:
- A high population of elderly people (over 65’s)
- A high demand that is not being met (not enough care homes in the area)
- A good quality care home development that appeals to the elderly (generally countryside locations near the coast)
A lot of the times, a new investor will assume that they can make the most return on investment by purchasing at a cheap price. You can purchase at a low price, but because you didn’t consider location there may not be any tenants at your door, reducing your chances of making a profit even more. However, if you consider location and how it will affect your prospects and in turn, your income, then you will see that the cheapest property won’t mean the most profit.
Locations such as the south west, more specifically Cornwall, Devon and Somerset have a high population of elderly residents. Out of those many people, there will be a lot who need health or social care as well as their own place that is provided in care homes. Areas such as Manchester and Liverpool (where student and buy-to-lets are popular) won’t have the same demand for care homes because there are a higher density of young people populating those areas.
Where To Invest In A Care Home
If you are experienced in property investment, you may have a contact with a developer or other investors who can get you care home investment opportunities. In this case, you won’t have to go far. For those who are less experienced in property or are new to care homes investments, you will need the help of a property investment company. A property investment broker will be able to offer you valuable investment opportunities without you needing to deal with the ‘middle man’.
A property investment company will give you investment opportunities at a discounted price. This is because all the maintenance, repairs, tenant sourcing, and health care is included in the investment price. For a fixed amount, you can have a long-term, high yielding, hands-free investment.
Because the property is for elderly people, the care of the tenants won’t be your responsibility. There will be trained staff hired to look after the residents, maintenance, medical, repair and operating costs.
A care home investment will make a good addition to any property portfolio, especially for those looking to diversify. A care home can be a good alternative to buy-to-let which are decreasing in rental yield as property prices increase. A property broker can give you information on the financing, deposits and legal requirements involved with this type of investment.
How To Find A Good Deal On Care Home Investments
A care home investment is much less popular than a traditional buy-to-let investment so you may not know someone who can get you a care home unit to invest in. However, that doesn’t mean that there aren’t any care home investment units on the market. A lot of property investment companies will realise the potential in a care home investment, so they offer profitable deals to their clients. The key is to find a property investment company that you can trust.
A property broker that specialises in commercial property investments is a good place to start. Care homes are a specialist commercial investment, so you need to go to a property investment company that covers those types of investments. They will be able to give you professional advice on care home investments as well as the profits you will receive, the property management involved, the legal paperwork needed and more. Also, they will be able to tell you about the exit strategy, which includes selling the property if the time comes.
Once you have chosen a property investment company that you can trust, you should be able to explain what you are looking for in the investment whether it is a passive income, more money aside for your retirement, or an investment to pass on to your children. Once you both have a grasp of the investment, you can begin the exchange of contracts and the keys will be yours.
A. Oxley & Son Building Contractors Ltd
Tips For Finding The Right Estate or Property Management Company
There is no dearth of property management companies advertising their services but choosing the right property management company is not an easy task especially for those who have never hired the services of an property management company. Here is a list of some of the factors you need to consider to ensure that you have chosen the right company for managing the estate.
On of the most important things you need to consider is the knowledge of the local market. If the professionals working in the company have no knowledge of the local market, they won’t know the exact things that tenants are looking for. A professional company that has a lot of experience in this area will be aware of the various factors that tenants usually look for when renting a property.
The professionals in these companies should have the experience and knowledge to make some smart recommendations to cut down on the cost and increase the rent rate thereby leading to increase in overall return. The main goal of the management company is to ensure that the property remains competitive in the market.
You should also ask the property management to give you the name of at least three references. After all, no one else can give you a better picture of the service offered by the company than a current client. Ideally, the management company should give you name of at least three clients with similar type of properties. It is important that you get in touch with these clients and ask them about their experience of working with the management company. This will give you a good idea of the strengths as well as weaknesses of working with the management company.
Customer service is extremely important as you will need to get in touch with the manager on a regular basis. Some of the management companies are never available when you need them the most. It is important for a management company to keep you informed and maintain constant communication. The manager should keep you apprised of the happenings in the market and the way property is being managed.
Since these management companies usually collect rents within the first five days of each month, it should hit your account within a short period of time. Some of the management companies collect the rent but do not deposit it in the account of the property owners for some time. In other words, the money that belongs to you earns interest for the management company instead of earning money for you. Therefore, you should really ask the management company when they are going to deposit the rent money in your account.
A management company also needs to have good accounting practices as you will need the income and expenses for filing the taxes. All the income, cash flows and expenses should be easily available to ensure that you can properly file the taxes.
Overall, these are some of things that you need to consider while hiring the services of an property management company. A Manchester building company will help you get your property managed.
DrainFix Services Ltd
Many industrial places and residential houses in Essex have trouble with clogged drains. Clogged drainage may be caused by excessive hair, grease, opinion, soap scum, and many numerous reasons. A clogged drain can really hinder your plumbing system, and may result in foul smells along with other inconveniences. As opposed to letting your drains get completely clogged and from control, call your plumber to go over drain cleaning solutions. Unclogging your drains may be a simple job for a plumber and they might have the knowledge to do it securely and properly. A lot of the procedures that are used to purge drains are quite safe not only to individuals and creatures, but also safe into the environment.
No severe chemicals can be poured down your drain nor can any other dangerous methods be utilised. Plumbers have developed very safe methods of clearing completely or partly clogged drains. Many of those methods may include utilising sodium carbonate, Saleratus, or the method may simply involve a bodily removal of the congestion. When your drain is totally clogged, and it looks like nothing will help, one support a plumber can supply is to disassemble the whole drainage system, and clean it out so. This is earmarked for just extreme cases of clogging. In some industrial institutions, big drains may require chemical industrial remedies, however this is earmarked for worst case situations only.
Your plumber will constantly try the most effective and safe method before leading to more aggressive means of unclogging your drains. Most individuals will of trying to unlock their drains without so the help of a pro, with conventional products, however this frequently doesn’t work properly. Typically this will partly free the drain up, but not totally fix the problem. To save your plumbing pipes, it’s best to consult a pro. Using professional solutions can also help you from having to constantly try and unclog your drain, wasting a ton of cash on products you find at so the store. Preventative measures can be taken to help keep your drains from clogging. You can rent a plumbing service which comes in a keeps your whole system running properly in order that you conserve money on your water bill and conserve money on pricey repairs down the road. An Essex plumbing company can help you with any plumbing repairs you may need.
You might think that valeting is all about taking someone’s car (with the owner’ consent) and then parking that car on the owner’s behalf. However, the truth is that the breadth of valeting could include something like taking care of the car while the owner is away.
To that end, you need to have some valeting supplies to help you get the job done. So, kind of valeting supplies do you need? In a few short words, they are all the things you need to run a car wash.
These would include a body shop, cleaners, air fresheners, snow foam, and car polish and wax, among others. You see, those are the things you need to properly run a car wash.
But really, this isn’t surprising because in certain parts of the world. Valeting is the equivalent of a car wash.
Auto Detailing Equipment Used for Classic Car Delivery Services
If you run a valeting service, what you want to do is to get the best supplies at the cheapest possible price. This really isn’t hard to do. Just do some comparison shopping and check out “valet supplies” on Google or any other search engine. When that’s done, make sure to get a list of three stores and check out their prices and supplies.
In the alternative, you could also search for supplies on online retailers like Amazon, although we’re not sure you could get wholesale prices from there. You can also ask a motorbike transport company if they provide all the supplies and equipment to complete the job before you get your quote.
Anyway, the important thing to do is to get your stuff from a reputable online store that is known for providing the best customer service both in terms of product quality and classic car delivery. To that end, you might want to also search for customer reviews as you are comparing the prices of the different stores. You can’t go wrong if you do that.
UHM Basements Limited
A wet or leaky cellar and cellar flooring can be a problem. Do you know the kind of foundation wall that you wwill need and which materials you will need? There are various potential ways that water may get in and flood or wetting only the basement floor regardless of foundation type. There are ways that water flood or wet the cellar floor Irrespective of base type and can get in. Basement waterproofing solutions ensure the prevention of damp walls and basement flooring and solves the water problems.
What’re the components that create or contribute to a water problem or flooding in the cellar? Build-up of water around the walls and floor of the cellar or semi-basement that may happen because of static strain is a factor in whether your cellar flooring become wet and damp or will remain dry. This unseen and unobserved water build-up causes upward strain on the base. This strain causes water to be pushed through the base to seams and cracks. Static pressure on the cellar foundation’s end result is a basement flooring. Wet basement floors due to This Sort of problem can be solved with even a cellar drainage system or a sump pump.
With a deluge of rain, all of that water runs directly for the cracks in dry, compact soils. The dried out ground isn’t capable of handling the sudden influx of water and provides very little absorption until it really becomes wet and almost saturated. Regardless of what kind of foundation you can have, it might be predisposed towards cracking and that might make it susceptible to water intrusion. Poured concrete has enhanced the quality of basements over the past sixty years. Poured concrete does tend to crack.
Foundation cracks are perfect paths for water, soil gases, insects, etc. Since foundation and floor cracks may create a real difficulty in the basement, it’s never a bad idea to have the cracks professionally sealed. Basement windows, particularly those below grade come using the high likelihood that water can fill the exterior wells and lead to water infiltration throughout the windows. This kind of issue can be addressed using a brand new window well or exterior drainage. It’s best to have one of our staff come out and execute a cellar assessment to determine the best course of action.
A London accountant such as Royds Accountancy can help you with many services such as Automatic Enrolment.
Over the years, the UK has seen revolution in the laws governing the workplace. Laws have been passed to provide a conducive work environment for all employees, in all organizations, across the country. The Pensions Act 2008 has perhaps been the most drastic of these laws. It dictates that every employer in the United Kingdoms is obliged to enroll designated members of the work force in a pension scheme and make contributions towards it. This policy is popularly known as Automatic Enrolment’. Whether you are a CEO of a big corporation or a small scale entrepreneur, you are entitled to obey the Automatic Enrolment’ policy, as long you have at least one person working under you. The introduction of this law was made necessary by the fact that approximately seven million people in the UK don’t save enough for retirement, and thus end up relying on government aid in their old age.
Before putting your employees in an Automatic Enrolment’ pension scheme, it is important for you as an employer to understand your role in managing a good quality scheme by hiring an automatic enrolment accountant. The very first step towards fulfilling this law is determining your staging date (the date the law will start affecting you). You can find this out by visiting The Pension Regulator’s website, www.thepensionregulator.gov.uk/employers/staging-date.aspx and entering your PAYE reference. Afterwards, you will need to offer one of your workplace pension schemes to be used for automatic enrolment. Next, you need to determine which of your employees are eligible for the said scheme. According to government laws, an employee is eligible for a workplace pension if he or she:
· Is aged between twenty two years and the pension age provided by the state.
· Has an annual salary of at least ten thousand pounds.
· Works within the UK
Once you’ve determined who your employees are, you need to determine who you need to place in the pension scheme. This can be approached based on seniority or age. Alternatively, you can consult with licensed pension scheme providers to help you decide who to put in the scheme. Remember that you, as their employer, is responsible for making regular contributions into their pension pots’. The least amount that one can pay into this pension pots is one percent of their annual salary. As an employer, you will of course need to inform your employees about automatic enrolment beforehand. After executing all the above steps, you are required by the law to inform The Pension’s Regulator of the ways in which you’ve complied with the law.
If you have clutter of any form in your home, you can be certain that you have some junk that you can get rid of. While it may not seem like ‘junk’, it may no longer be useful and holding onto it can be deadly, because you don’t know if you will ever need it again. Making the decision to get rid of your old things is actually one of the hardest challenges of decluttering. Like most people, you are probably having trouble with throwing away something you spent your hard-earned money on. On top of that, you may not want to throw things away because they hold more than monetary value, they hold sentimental value. These real and valid feelings make it challenging to part with our things.
This is where a professional organiser comes in. Home organisers understand the feelings of stress, frustration and anxiety of getting rid of old things and can help you get through the process of organising your home in a way that suits you. A home organiser can work around you and your goals, whilst giving you a new perspective into organisation and decluttering.
A team of professional home organisers can help you tackle the clutter with the following tips:
The 80/20 Rule
With many things including clothing, books, DVD’s, toys and many more, we generally only use 20% of what we own 80% of the time. The rule helps you to figure out what you don’t use 80% of the time to prioritise what you should keep and what you should give away.
Does It Still Work?
If you have items that you haven’t used in a while or once loved, find out if it still works and can be used. If there are missing parts, broken pieces or it has no use, then they should be thrown away. If it can be fixed, then you should fix it now rather than letting it sit in your house to collect dust.
Think About When You Last Used It
Many of our belongings are from impulsive purchases or only have a onetime use. In these cases, you should probably get rid of it, unless you are certain that you will need it again in the near future. If you find something and think to yourself, “I’ve been wondering where this was”, or “I didn’t know I still had this”, then it is a sign that it needs to be gotten rid of.
Clear Flat Surfaces
Areas in your home like counter tops, desks, tables, shelves, and TV stands are places where a lot of clutter can build up without you realising. You may place something on your desk and forget that it is there, never coming back to it again. These clutter-magnet areas pile up with mail, bills, magazines, cups and random junk that have no other place in your home. Although it is alright to have a few things on your counter tops – after all that’s what they are for – freeing up space will allow you to use the area in a more productive way.
Any company that exists solely online already understands the importance of internet marketing; however, it can sometimes be difficult for local company internet marketing to be seen as necessary. We will take a look at why this difficulty exists, how to get past it, and why internet marketing is so vital to the success of all business, no matter how big or how small.
The owner of a small business, especially in a small town, may believe that they don’t need to do any internet marketing. Perhaps they figure they already have loyal customers, or maybe they think they are too small, or it could be that they don’t like the idea of newer technology. All of these are, to be blunt, excuses.
Loyal customers have to come from somewhere, and word of mouth is important, but internet marketing can bring in new customers that will eventually become loyal customers. No matter where you are or what you offer, you have competition. That may not have been the case a few years ago, but now that more and more people go online before making a purchasing decision, you could have competition on a global scale. By marketing your company online, you have the opportunity to be someone else’s competition–the opportunity to get new, loyal customers.
Even if you are a sole proprietor, you need to get the word out about your business, and the internet is an ideal way to do it. When compared to other forms of advertising, online marketing is incredibly affordable. There are free methods such as do-it-yourself search engine optimization, blogging and article marketing. These all take time, but you can always hire an outsourcer to do it for you. Paid methods include pay-per-click advertising, solo ads, and ad placement on other people’s websites.
Another big advantage is that even though you are doing local company internet marketing, you can reach the entire globe with your message. If you have the right product, then your profits can grow quickly as word spreads about you and your company.
Don’t worry, you don’t have to give up your small company feel. In fact, you can use it to your advantage in your marketing efforts. Generally speaking, people feel much better dealing with someone they feel they know, as opposed to a faceless corporation. This connection can bring you plenty of business, and the truth is that people are often willing to pay more if they sense a personal connection you’re your company.
With all it has going for it, it’s easy to get past any hesitation about using internet marketing to promote your business.
Perhaps you are wondering if it’s really necessary to market your business online. The answer is yes, and it is becoming more and more important to the survival of all businesses. Whether you believe it or not, you have competition. Ignoring it, or insisting that you don’t need a website won’t make it go away. Take action and you will see for yourself just easy, effective and affordable local company internet marketing really is.
Life changes and when it does, your estate plan needs to change with it. If you don’t already have an estate planning attorney on speed dial, you should. A regular checkup with your attorney can ensure that your plan is always up-to-date. In addition to a regularly scheduled review, you should also contact your attorney immediately for major life events, such as births, deaths and new acquisitions.
Estate Planning Tips
Keep organized files
One of the good ways to make the pre-need planning process easier for you and your family is to organize and clearly label your files, including your will, assets, taxes, burial wishes, information pertaining to life insurance and bank account details. These items can be stored in a deposit box for safekeeping.
Keep it simple
There are many estate planning software options that will help you to organize your information. These software packages will guide you through initial preparations and legal documents. Planning software allows you to stay organized and prevent you and your loved ones from feeling overwhelmed with all of the details.
Have the tough conversations
The next important step-albeit a difficult one-is to discuss your wishes with your spouse, children, and other loved ones. You’ll also need to choose an executor. Once your decisions are organized and accessible, your loved ones will have a road map for your wishes.
Iron out all details
In addition to the “administrative” tasks surrounding details like insurance and finances, it’s important to outline your burial wishes. Traditional burial planning will entail details about burial plot location and casket choice. Cremation planning may involve choosing a final resting place for ashes and urn selection. In either case, consider details like the funeral home, type of ceremony, whether there will be visitation, obituary information or memorial contributions.
Remember your virtual life
Though an online presence may not be the first thing we think of addressing in pre-need planning, the web is increasingly a public place-and a lot of personal information may be stored in various accounts. Make note ahead of time about how to delete or remove social media and web-based email accounts. Also note details for cell phone, insurance and credit card online bills, online bank accounts and any sites that store personal photos and videos.
Locking your estate plan documents away in a lock box or safe deposit box is only a good idea if someone other than you can get to them. Make sure your family knows where all your documents are kept and that at least two of your family members have access to keys, pin codes, passwords and other necessary information. If your documents are stored in a safe deposit box, add those family members to the list of people with authorized access.