How to Improve Your Home & Health Without Overwhelming Your Budget

How to Improve Your Home & Health Without Overwhelming Your Budget

How to Improve Your Home & Health Without Overwhelming Your Budget. Home should be a source of comfort and shelter from the outside world, so it only makes sense to want to make our home as safe and stress-free as possible.

Still, if you are thinking of making improvements to your home, you may be worried about what impact this will have on your budget. With these cost-effective tips, however, you can enhance the health of your family’s home without stretching your budget.

Enhance Outdoor Spaces for Less Stress

If you’re like most folks, you may spend most of your time at home inside, but that may not be the best move for your health and wellness. Spending time outside has been shown to have several positive impacts on the human mind and body, and even a few minutes outside each day can relieve feelings of stress, reduce feelings of anxiety, and increase overall energy levels.

If you want these benefits for your family, consider investing in sprucing up your home’s outdoor areas. For instance, you could have concrete poured to create a relaxing new patio. On average, homeowners can expect to pay $108 per cubic yard to have concrete delivered, and anywhere from $8 to $18 per square foot to have concrete poured. Those costs can fluctuate when special designs and quality materials are factored in.

For example, stamped concrete runs between $8 and $12 per square foot on the basic end, while high-end stamped concrete is closer to $18 or more per square foot. Having an idea of these figures can make it easier to envision what you can afford and what the results could be, so make sure your budget has room for these added expenses. If you already have a patio, you can find budget-friendly furniture to enhance it.

Clean Indoor Spaces for Fewer Allergens

Constantly coughing and sneezing can make your house feel less like a home. So if you and your family seem to sniffle and sneeze whenever you are home, buying an air purifier can be an economical solution for reducing allergens in the air you breathe, and therefore reducing your unpleasant allergy symptoms.

Air purifiers help clean irritants out of the air in your home, and you can typically find air purifier deals like coupons and discounts via sites like Rakuten, which can make it more affordable to pick up as many purifiers as needed to keep your home’s air clean and healthy. You can also earn cash back when you purchase your air purifier, or any other health-boosting home products, so you will have even more room in your budget to make changes to your home.

Another budget-friendly way to reduce allergens and irritants in your home is to clean more often. Washing linens in hot water and dusting frequently can provide relief from allergies and asthma, and you can use low-cost cleaning supplies (such as an all-purpose cleaner, which costs less than $5) to make this task even less taxing on your budget. Plus, these effective cleaners are much safer.

Curb Carbon Footprints for More Savings

You may already know that reducing your energy and water usage at home can be good for the environment, but did you know that minimizing your carbon footprint can also be beneficial for your family’s budget? Since concerns about money tend to be a major source of stress for most individuals and families, finding eco-friendly solutions to lower your energy bills could help improve the health of your family and the environment.

For example, if you are thinking of using the first tip to create more relaxing outdoor spaces, you can also curb your energy bills by choosing water-efficient features for your yard and garden. Swap thirsty grass for attractive stone elements, put down mulch in beds, and use plants that require less water, to create soothing outdoor spaces that won’t put too much pressure on your budget.

Back inside, you can also green up your home and your budget with a few energy-efficient efforts, like lowering your thermostat, shortening your showers, or asking utility providers for a free home energy audit.

Improving your home can boost your well-being, but doing so shouldn’t eat into your finances. So try to make sure that your home and health improvement projects don’t overwhelm your budget, so that you can avoid any unnecessary stress.

Puerto Rico Real Estate Lic.13046
Email or Call: 787-598-4024

Photo Credit: Unsplash

How to Get Started with a New Investment Property

How to Get Started with a New Investment Property

How to Get Started with a New Investment Property. Investment properties can open up a whole new world for individuals who have the funding and drive, but they can also be a lot of work. Anyone can find the money to back an investment, but it takes a special kind of person to make it work. When you’re looking for a rental property, it’s essential to think about the location, the size of the space, and the type of costs you’ll be responsible for. You’ll also need to create a marketing budget and consider how you’ll take care of the upkeep, including whether you’ll have a property management company to help out.

Before you make any decisions, it’s crucial to research the area you’re interested in. What’s the average sale price? What are buyers and renters looking for as far as amenities and location go? The neighborhood is a major factor when it comes to bringing in clients, so take a few different tours at various times of day to get a feel for the area, the traffic, and the community.

Read on for some great tips on how to get started with an investment property.

Consider the Details

How to Get Started with a New Investment Property. When you’re thinking about buying a rental property, it’s important to think about the details that come with it, such as how much you can potentially earn per month compared to the amount of money you have to invest. You may be expecting several thousand dollars from renters, but if you have to pour a lot of that back into the maintenance and upkeep of the home, it may not be worth it in the long run, especially if you need funding from a lender. Do some research into the average rental price in the area you’re interested in before you start planning. For example, depending on the time of year in Puerto Rico, you could charge around $228 per night.

Can You Manage It?

How to Get Started with a New Investment Property. A rental property requires upkeep throughout the year, so if you live far away or aren’t especially handy when it comes to maintenance and repairs, you’ll want to consider hiring a property manager who can oversee those things. A management company can help you keep track of bookings, take care of repairs, and keep things secure when the home isn’t occupied, all of which will give you peace of mind and will likely even reduce costs for you in the long run.

Stay in the Neighborhood

When you’re investing in a property, it’s important to make sure the area it’s in is desirable so you can get the biggest return on your investment. If possible, stay in the neighborhood yourself overnight, or visit it during a few different times of day to see how traffic and the community are affected. Is there shopping nearby? Is the area safe? This will give you a much better picture of how you can make the most of the area when you’re ready to look for renters or tenants.

Work Out a Maintenance Budget

One of the things that can affect your overall budget is maintenance and upkeep. An investment property may need anything from a new hot water heater to an updated bathroom, and if you want to attract renters or tenants, you need to ensure these things are taken care of in a timely manner. Think about how much you might need for repairs or updates throughout the year, and set it aside so you’ll never have to worry about being caught off guard with major costs.

Investing in a property is a big step that requires a lot of planning, so make sure you’re prepared before taking the leap. By finding help with managing the property and making sure you have the funds to maintain the space, you can make this venture a success in no time.

 

Puerto Rico Real Estate Lic.13046
Email or Call: 787-598-4024

 

Photo via Pixabay

Single Story For Rent/Lease in Condado, San Juan

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•  530 sqft , 1 bath single story FOR RENT  USD1,350 ML . Location!!!

The Ashford Imperial 1606 is our elegant suite in Condado Beach tourist district. This studio has magnificent views of the shore and city with balcony. As you walk inside open the doors to an ocean breeze of the 16rd floor. The Ashford Imperial condominium has a modern and elegant lobby to receive our guests with a 24 hours concierge. Our ammenities are: small exercise room, reading room with wifi located on the first floor. Coin operated laundry room on the second floor. A swimming pool with jacuzzi. Central air coinditioning, fully equipped kitchen, beach towels, beach chairs.

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Single Story For Rent/Lease in Condado, San Juan

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•  530 sqft , 1 bath single story FOR RENT  USD1,500 ML . Location!!

The Ashford Imperial 2301 is our elegant suite in Condado Beach tourist district. This studio has magnificent views of the shore and city with balcony. As you walk inside open the doors to an ocean breeze of the 17rd floor. The Ashford Imperial condominium has a modern and elegant lobby to receive our guests with a 24 hours concierge. Our ammenities are: small exercise room, reading room with wifi located on the first floor. Coin operated laundry room on the second floor. A swimming pool with jacuzzi. Central air coinditioning, fully equipped kitchen, beach towels, beach chairs.

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Puerto Rico Real Estate

Puerto Rico Real Estate provides a full complement of real estate brokerage and consulting services. Our collaborative culture, industry knowledge, extensive experience, and dedicated customer service will deliver successful real estate solutions in Puerto Rico.

Puerto Rico Real Estate, one of the fastest growing commercial real estate companies, provides brokerage and consulting services. Industry knowledge, experience, and attentive customer services drives Puerto Rico Real Estate trajectory.

A streamlined approach eliminates non-productive tasks; Agents have the ability to focus their time and efforts on clients, not corporate bureaucracy.

The modern real estate market requires an aggressive marking strategy, utilizing innovative concepts including current social media trends. Puerto Rico Real Estate delivers what the market requires.
We are able to focus 100% of our efforts on meeting or exceeding your needs. Due to this structure our Brokers can spend far more time on far fewer client accounts than any other puerto rican real estate service company.

Puerto Rico Real Estate Lic.13046
Email or Call: 787-598-4024

 

Atlantis Luxury Condo for sale in San Juan Puerto Rico

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Atlantis Luxury Condo for sale in San Juan Puerto Rico. If you are moving and looking for High Rise Apartments and Luxury Condos for sale in San Juan, Puerto Rico look no further. Atlantis offers the perfect environment for a new home, vacation, or investment property in the Caribbean. Relocate to the beautiful island of Puerto Rico and enjoy the tax shelter incentives provided by Act 20, Act 207, and Act 22.
One master room, 2 full baths, 2 on site parking spaces
Includes: Stainless steel appliances (Stove, microwave, refrigerator) washer/ dryer
In the building: 24/7 concierge, gym, visitors parking•

1350 sqft , 2 bath , 1 bdrm

single story – FOR SALE  USD42,000 .

HOA $490 mensual,

$1,350sqft

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Puerto Rico is now designated as an Opportunity Zone

Puerto Rico is now designated as an Opportunity Zone

 

Puerto Rico is now designated as an Opportunity Zone
If you have generated a substantial capital gain from your investments in 2018 – congratulations!

However, you may also be dreading the huge tax bill that’s coming your way.
The good news is that the introduction of Opportunity Zones by the Tax Cuts and Jobs Act in December 2017 can provide you with the perfect investment vehicle to defer that capital gain tax while using the funds from such gain to invest in high-growth opportunities.

 

What’s an Opportunity Zone?

Puerto Rico is now designated as an Opportunity Zone, an Opportunity Zone is an economically-distressed community that has been nominated for the designation by the state governor and certified by the Secretary of the U.S. Treasury.
The goal is to incentivize much-needed investments into housing, small businesses, and infrastructure in economically-depressed areas.

 

The creation of Opportunity Zones allows U.S. investors to defer all 2018 capital gains for 8 years if the profits are reinvested and held in an Opportunity Zone, decrease the amount of such capital gains taxes by 10% and 15% if held for five or seven years, respectively, and also provides a full exemption from capital gains tax on all future capital gains on the invested funds if an investment is held for 10 years, starting in 2018.

Opportunity Zone Map
US Map of Opportunity Zones

 

The Benefits of investing in an Opportunity Zone

 

Puerto Rico is now designated as an Opportunity Zone, investors only have to reinvest the gains instead of the entire proceeds from the sale of an asset to take advantage of the tax benefits.
Gains from the sale of any capital asset – real estate, stocks and bonds, etc. – can be rolled into an Opportunity Zone investment.
The types of businesses that are eligible for Opportunity Zone benefits are more wide-ranging compared to many previous incentive programs and include investments such as residential rental property businesses, which typically pose lower risks for investors.
Therefore, one of the most practical strategies to take advantage of this tax bill is to buy older buildings in Opportunity Zones, renovate them at a reinvestment cost that is greater than or equal to the purchase price, and then manage the building as a rental property.

 

For more information, we’ve created a detailed FAQ on the new opportunity zone regulations from the IRS and what that will mean for investors.

 

Puerto Rico: An Opportunity Zone with tremendous potential

Puerto Rico is now designated as an Opportunity Zone, the IRS recently announced some changes to the Opportunity Zone regulations. As a result, almost the entire territory of Puerto Rico is now designated as an Opportunity Zone.
Puerto Rico is almost entirely zoned as an Opportunity Zone, as such, investing into qualified projects in Puerto Rico, which is part of the U.S. and is therefore protected by the same property rights and other legal regulations as are applicable in the mainland, is now a highly strategic investment for minimizing capital gains tax for investors who plan to keep their reinvested capital within the territory.
As a U.S. territory, Puerto Rico enjoys legal and economic benefits that are not available to the neighboring Caribbean islands.
Unlike other Opportunity Zones in the continental U.S., Puerto Rico offers unique opportunities for investors.
A history of debt crises and fiscal mismanagement, coupled with recent natural disasters, has resulted in market conditions in which investors can acquire prime real estate in Puerto Rico at a bargain price.
Also, since it’s easier for U.S. citizens to travel there, it has an increasingly robust tourist industry. Meanwhile, the use of US. dollars minimizes the currency risks.In addition, the real estate prices in Puerto Rico are substantially lower than properties with the equivalent characteristics.
You can find beachfront properties at substantial discounts to counterparts on the mainland and historic old city buildings for almost half the cost of the old city in Cartagena.
With a low acquisition cost and a sound vacation rental market, total returns for real estate investment in Puerto Rico can be as high as 15% to 20% prior to taking into account the benefits available under the Opportunity Zone legislation.

 

Example: Earning nearly 1000x the original capital by investing in an Opportunity Zone

Many crypto investors have experienced substantial capital gain over the past few years.

For example, an investment of $10,000 in Bitcoin in 2010 would have yielded $4,094,400 if the bitcoins were sold on August 27, 2018 – representing a capital gain of $4,084,400 for the 2018 tax year.

 

Let’s say this example investor is a single filer living in Miami, Florida (one of the U.S. states with no state or local income taxes nor capital gains taxes) with just under $500,000 of ordinary income in the 2018 tax year.

 

The capital gains of $4,084,400 will result in a capital gains tax liability of $972,087 at an effective tax rate of 23.8%.

 

This 23.8% effective tax rate is comprised of U.S. federal capital gains rate of 20% (maximum rate for single filer) plus the NIIT (net investment income tax) of 3.8% (single filer with cap gains above $200k).

This would translate into nearly $1.0 million handed over to taxing authorities!

What can you do to defer the tax payment and keep more money in your pocket?

 

Puerto Rico is now designated as an Opportunity Zone, instead of selling your Bitcoin, paying up to 23.8% of the profits in the form of taxes, and stashing the net balance in your bank account (just to watch the money depreciate!), you can make a real estate investment in Puerto Rico and take advantage of the Opportunity Zone tax benefits.

 

Let’s go back to our example: instead of selling the Bitcoin, our investor can invest the $4,094,000 value in a Qualifying Opportunity Zone Fund.

Option1-Lifeafar
Let’s say he or she invests in the Lifeafar Plaza Colon Puerto Rico Project, which has a projected annualized IRR of 15.4% for investors.

 

If the investor rolls over his original investment plus earnings ($4,094,000) from the sale of his Bitcoin in the Opportunity Zone Fund and holds the asset for 10 years, they would be projected to receive net rental incomes of approximately $2.9 million over such period ($4.5 million less 35% federal income tax on ordinary dividends at the individual taxpayer level), and he investor’s share of total proceeds on the sale of the asset would be approximately $7.8 million, representing a $3.7 million capital gain over the initial $4.1 million investment.

 

After 8 years of holding the investment in the Opportunity Zone Fund, in our example the  investor would pay only 85% of the original capital gains tax liability from the 2018 Bitcoin sale and zero capital gains tax on the capital gains in the Opportunity Zone investment.

 

The net post-tax cash returned to the investor would be approximately $9.9 million ($4.1 million investment plus $2.9 million net rental income plus $3.7 million gain on sale of asset, less $826k of 2018 capital gains tax liability).

 

Now you may wonder, how does this strategy compare to investing in the U.S. stock market?

 

If we use a historical average return of the U.S. stock markets of 7% and our example investor (single filer Florida resident with income of just under $500k) uses his net cash after capital gains tax of $3.1 million ($4,084,000 cap gain less 23.8%, plus initial $10k) to purchase stock, he would have netted total earnings of $3.0 million in 10 years and would owe $719k in capital gains tax on those earnings, yielding $5.4 million in net cash returned taking into account the initial invested capital.

 

That’s $4.5 million less than investing in the Lifeafar Plaza Colon Puerto Rico Project Opportunity Zone Fund.

In just 10 years, investing in the Life-afar Opportunity Zone Fund yielded our example investor nearly 1000x of his original $10,000 capital!

A not-to-be-missed investment opportunity

 

Puerto Rico is now designated as an Opportunity Zone, here at Lifeafar, we’re excited to be negotiating several multi-million dollar real estate deals in Puerto Rico. These projects are the perfect investment vehicles for anyone with capital gains to invest in an Opportunity Zone.

 

These investments in Old San Juan will be converted into hotels and vacation rental properties to benefit from the booming tourist economy on the Caribbean island.

 

Puerto Rico Real Estate
Email or Call: 787-598-4024

Condo Rental Old San Juan Puerto Rico

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Condo Rental Old San Juan Puerto Rico. The property has many outdoor areas distributed among all its units: interior courtyards, large open patios, sun deck and roof top terraces overlooking the Old City.

•  1200 sqft single story – FOR RENT  USD1,800 ML .

Property information

Puerto Rico Real Estate Lic.13046
Email or Call: 787-598-4024