According to Morgan Stanley, millionaires across the United States see real estate as the best alternative asset they could own in 2014
A survey conducted by the N.Y. based investment bank revealed there are approximately 77% of investors with at least one million dollars in assets who own real estate assets. A large part of the country’s millionaires took direct ownership of commercial and residential properties this year as a very effective investment method which promises to be a great income maker. Out of all these people, 1/3 them said they are planning on buying this year. The second most popular choice amongst investors was to invest in real estate investment trusts, with 23% of them planning on doing so this year.
Because equities surge and fixed income continues to remain incredibly low, according to Riverside, CA Real Estate experts, many rich investors consider turning to a rebounding real estate market. In fact, in the twelve months ended January thirty firsts the value of US commercial property rose by eight percent and since they hit their bottom after the recession, they managed to jump 71%.
The third most popular investment alternative this year were collectibles with twenty percent of millionaires being ready to buy. The next two best investment choices were private equity at 19% and precious metals at 16%. (http://www.ultrarei.com/millionaires-see-real-estate-as-top-investment-for-2014/)
Over the next few years most investors believe that interests may remain stable or even decline, while stocks are sure to get more expensive. This is in fact the main reason why they are interested in alternatives such as real estate for income and returns.
Having a minimum of ten million dollars in investable assets, members of Tiger21 decided to increase their allocation to real estate in 2013 to twenty one percent starting from the 4th quarter from nineteen percent in the first 3 months of the ear.
One of the Tiger21 members (Will Ade) said stocks show quite a lot of vulnerability in 2014 and that is why real estate seems like a pretty great investment alternative. This year the S&P five hundred has fallen more than 4%, while stocks from developing countries have fallen due to concerns the economies are only going to get worse.
One example of the great faith many millionaires have in real estate are the 432 Park Avenue and One57 buildings where there are units under contract for more than ninety million dollars. Many foreign buyers decided to purchase US real estate not only for their own safety, but because properties are also denominated in the world’s reserve currency, the US dollar. As a result, this is helping many domestic millionaires with maintaining the value of their various property investments.
During the 4th quarter of 2013, MSWM surveyed 1004 investors from the United States aged between twenty five and seventy five years old who had at least 100 thousand dollars in assets. The data from the survey showed that 1/3 of them had more than one million dollars.
It seems that owning real estate is very attractive for a lot of rich people and that’s due to the stream of rental income and the appreciation of property value, but also due to superior supervision and control over the investments.
Home Staging Tips and Tricks
Here are a few tips to keep in mind. Always keep air circulating to avoid mold. This is usually only an issue if you are away from home on vacation. Try to allow air to flow in and out of the house. You can crack a window, set a fan to go on and off on a timer etc. The correct solution depends on the home. Your next strategy is to keep dirt from getting into your home. Purchase a quality commercial grade mat for both your front and rear doors at a janitorial supply house rather than a decorative mat. You want something that will stand up and that will remove as much dirt s possible. Since you probably won’t want to insist everyone remove their shoes at the door, this is the next best solution. Vacuum as often as needed concentrating on removing dirt before it gets ground deep into the carpet. Next you need to decide how to clean the carpet in your new Livermore home (Livermore CA Homes Carpet Care). If you are vacuuming regularly, you won’t have to do this quite as often. You can choose between renting equipment and doing the job yourself, purchasing your own carpet cleaning equipment and hiring a carpet cleaner.
There are several methods of cleaning carpets including the following:
Bonnet cleaning, which is placing a small carpet like pad over a disk on a floor machine to clean the surface of the carpet. This method is mainly used for large commercial buildings as a temporary method to keep dirt under control between deeper extraction cleanings.
Dry cleaning, where you essentially take a sticky powder and work it into the carpet, then vacuum it up. It is difficult for the average inexperienced person to get good results with this method as it can be hard to work the substance down deep enough, and then difficult to vacuum it all up. The main reason to choose this type of cleaning is in ‘carpet emergencies’ where you suddenly learn you will have a visitor and you don’t have time to get the carpet wet and let it dry. Note that even with this method it takes some time for a carpet to dry completely.
Extraction, also known as steam cleaning. Here you wet the carpet and then suck the dirty water out with a vacuum pump. This is the most common and most thorough method of cleaning a carpet. Today there are upright extraction machines that work like vacuum cleaners. The cheaper ones that you can buy for home use tend to break and not have enough suction to get the dirt out of some carpets. For the strongest extraction type of machine look at using a truck mounted unit. A reminder -these work great for most homes but confirm how much reach their equipment has as it needs to reach from where they park their truck to every room in the house. Obviously if you ever move to a 20th story apartment you will need a different method.