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The Advantages of Investing in Real Estate Funds

Posted on July 26, 2022August 3, 2022 by Complete Controller

Real estate investment provides potential financial rewards as it outweighs the expenses. In this way, real estate investors earn money with a steady flow to protect financial freedom for the long haul. If you want to become a full-time real estate investor and save money for retirement, you are on the right path. You can have a constant rental income and establish a real estate business. For this, you will need one rental property. For investors, it sounds promising, and I’m sure you will get high returns due to real estate investments. Invest your money in the right place as housing conditions and the real estate market has excellent worth. The housing market prospers with the growth of the country’s economy.

Conduct real estate market analysis and take suggestions from an experienced real estate professional before purchasing your first rental property. If you want to grow and diversify your portfolio, make real estate investment decisions wise and evaluated. This way, you can also reap financial rewards from investment. There is no magic formula for winning high profits in the real estate business. You will have to study your potential investment before making any deal. To be successful in this industry, you must know everything about it, including long- and short-term benefits.

The real estate market is a reliable source of high profit and has great worth in the Colombian economy. Investors desire to have Real Estate Collective Investment Funds due to this fact. But what’s the reason for this wish? Is it a valuable option for investment in this sector?

These are some of the advantages and disadvantages of investing your money in this type of product:

The first thing to know is what a Real Estate Investment Fund is. According to many sources, real estate collective investment funds are the best investment policy that works as closed funds. They provide a minimum concentration of 75% of the fund’s total assets, among others, in support. It includes real estate located in Colombia or abroad, securities issued in a mortgage or real estate securitization processes, or fiduciary rights of autonomous assets formed by real estate.

Investment in this sector is also beneficial as a newspaper publication entitled in it. According to it, the real estate fund’s investment provides access to information about business because individual investors can’t do it alone. This investment will let you have a diversified portfolio, and you can produce high returns with lower volatility.

On the other hand, the same article indicates that the disadvantages are: having less liquidity, that is, having the asset and not being able to sell it quickly, and that the capital investment is medium and long term, so if you need returns in the short time, this product will not be adequate.

President of the Federation of Real Estate Livestock Farms, you must confirm that the fund has a reliable infrastructure to manage real estate. Also, you will have to take all real estate knowledge regarding policies. And bonds to insure against tenants.”

In any investment, you can win or lose, so it is best to consult with experts who can guide you and thus obtain the product that best suits you, according to your needs.

Tax and cash flow are the primary concern in real estate investment. Investors have to manage both equally as their biggest fight is losing money in taxes with their real estate. They offer tax incentives based on their variation, including the taxes on vacant land, industrial, rental house, shopping centers, apartments, commercial buildings, etc. Cash flow refers to a left-over amount. After collecting rent and paying debts, repairs, insurance, taxes, etc., you have it. Real estate investment provides you with a proper cash flow for retirement. This way, you can supplement your retirement years, including the income you earned from rental properties.

Most property investors emphasize cash flow, return on investment (ROI), CAP rate, and other financial indicators. That’s why real estate investment has a tremendous and highly beneficial impact on communities. As an investor, you can improve communities by maintaining properties, raising local tax revenues, and improving communities. With its direct impact, the lives of all the residents will improve greatly. You can also eliminate eyesores and enhance the self-esteem of community people by renovating dilapidated homes.

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Things to Consider When Selecting an Accountant For Your Business?

Posted on July 26, 2022August 3, 2022 by Complete Controller

The relationship between an entrepreneur and his accountant is like that of a doctor and his patient. But the reality is that entrepreneurs often tend to neglect the management and control of their income and expenses, especially those who are just starting.

As an entrepreneur, you should not be doing your business’s finances alone. If you have already decided to hire an accountant, you surely have some questions, such as: How do I ensure that it will respond to my needs? What services and documents do you have to give me? And what will be my final responsibility?

Here we present a guide on how to manage a relationship with an accountant.

Hire an experienced freelancer

There are certain clear requirements that your candidate must meet to guarantee their services:

In addition to being a certified accountant, the accountant must have certifications from professional associations Association of Certified Chartered Accountants. This makes it possible to verify that it is up to date, which is essential due to the continuous tax changes that occur.

Among the best sources for hiring is the famous “word of mouth,” that is, the recommendation of a person you trust. Ask him for data that reveals his expertise in the matter, such as growth figures for your market, which tax figure is best for you according to your activity, etc. You can also ask him if he does audits.

Seal the relationship with a contract

Once the professional is chosen, a service provision contract must be signed. What they must offer you, as a minimum, is to keep the accounting record of your company and the calculation of your tax obligations. This includes updating you on the changes in tax matters and supporting you in the event of any requirement from the Treasury.

It is customary to keep vouchers

Payment of taxes will be made from the financial information provided by your business. So, you must have control over it. The basic documents to deliver to your accountant are invoices, receipts, and all proof of income and expenses, in order and by month.

As a client, you need to receive a list of the financial record of the state of the company (business income and expenses) plus a record of the tax payments made by the accountant and their respective vouchers (certified by the corresponding authority). Among the taxes you will have to pay, depending on your activity, are:

Income Tax (IRS): contribution to be made for the perception of income as a natural and legal person, following the Income Tax Law. It is paid once a month, and to calculate it, you must add all the invoicing that the client has issued.
Value Added Tax (VAT): an indirect tax applied to the goods and services produced or marketed by the company. It is also paid once a month and is calculated based on a ratio of everything that was charged.
Single Rate Business Tax: it is a tax that is applied to individuals and companies and that is also taxed on profits. If your ISR is higher than the IETU, you will only receive the first one.

It carries a periodicity. As an entrepreneur, you should demand these papers every month, not every time you remember.

Those documents prove that you fulfilled the tax obligations, and it must be remembered that in the event of any problem, the Ministry of Finance and Public Credit seeks and penalizes the businessman, not the accountant. For this reason, the entrepreneur must understand that although he delegates the accounting of the business to a professional, he is the one who controls that all the papers and payments are in order.

Get informed

There are some items you can deduct for the payment of taxes, such as the purchase of goods related to your business activity. Regarding invoices (tax receipt for the delivery of a product or service) and expenses, it is essential to consult your accountant about any questions so that he will keep a more accurate financial relationship with your company.

The Concept of Arbitrage in Cryptocurrency and Its Scope

Posted on July 25, 2022August 2, 2022 by Complete Controller

In lexigraphy, arbitrage is essentially a riskless transaction when you purchase something, when the price or value is low, and sell when the price has skyrocketed in a quick period. In the contemporary scenario, in stock exchanges, such a transaction is typically referred to as short-selling, a practice that many investors and brokers discourage.

Market or exchanges, which are dominated by opinion leaders, at times conduct transactions that are arbitrage or speculative, whether a stock exchange, commodity exchange, or cryptocurrency exchange. Crypto Arbitrage allows you to make profits instantaneously, provided you have first-hand information. Keep in mind that crypto markets are still developing, and ample opportunities are available.

To have a vivid sense, let us assume that we take two countries, such as ABC and XYZ. The government of ABC announces news, publicly mentioning that they have banned Bitcoin Trading for life. This will trigger panic amongst the buyer, and they will gradually offload all the coins and convert them to fiat currency. With such news and complete offloading of the tokens, the entire market cryptocurrency crashes — however, owners of cryptocurrency in XYZ, where people are still sleeping and are entirely unaware of the panicking situation in the crypto exchange of ABC country. It is imperative to mention that the market has still not opened in XYZ country, and the price value of cryptocurrency remains unstirred.

It implies that if an individual is a sharp-minded person with quick decision-making abilities and knows how the crypto exchange markets function, the person will purchase the cryptocurrency at the plummeted value in ABC country. Without wasting any time selling the coins in the crypto exchange in the XYZ country, the individual has not only earned a handsome profit but also indulged in the act of arbitration.

So, in essence, the platform of crypto trading and crypto exchange provides a massive window of opportunity in the shape of crypto arbitrage. Below are some of the opportunities, along with examples.

The cryptocurrency market is in its infancy. In 2010, the first official Bitcoin exchange opened its doors, as opposed to the conventional stock market, which commenced its operations in 1642. In the conventional stock exchange, the transfer of information is slow, and there are few buyers and sellers. Therefore, the level of competition is low. In cryptocurrency trading and exchange, you are the first person when it comes to arbitration due to fast-paced communication.
You cannot rule out the possibility of volatility in a cryptocurrency market. A normal person would consider it to be a bad proposition. On the other hand, a user who utilizes this volatility as an opportunity to conduct an arbitrage exchange will be excited. In totality, arbitrage trading, a traditionally risky investment, turns cryptocurrency exchange into a riskless endeavor and ensures that there is consistency in profitability.

Types of Arbitrage

This is not as easy as it sounds. Users have deduced a complex mix of strategies to overpower others. A few of these can be labeled as:

Simple arbitrage is trading in the same coin at the same time.
Triangular arbitrage is simply seizing the opportunity of difference in cross-currency parity. Such as the example cited above ABC and XYZ country.
Convergence arbitrage is where things get interesting. It takes about short selling in true essence. You offload the Bitcoins at a high value, wait until the price of Bitcoins comes down, and at the same time, you buy back all the coins at a lower price (perhaps additional tokens). Hence, the profit you have earned is almost equivalent to the amount during convergence.

Future Index Arbitrage

A few crypto exchanges, for example, Bitmex, offer you the liberty to purchase Bitcoin on a futures contract. This is slightly a more complex crypto arbitrage in nature. Since the coins are being traded on futures, buying, or selling, you will need to quote the coin’s pricing by a factor in the interest rate per period.

Crypto Arbitrage allows you to make profits instantaneously, provided you have first-hand information. Keep in mind that crypto markets are still developing, and ample opportunities are available.

The Effectiveness of Strategic Management for Marketing Strategy of ABB

Posted on July 25, 2022August 2, 2022 by Complete Controller

Strategic management plays a significant role in improving business performance and marketing strategy in the competitive marketplace. On the other hand, effective strategic management will assist the organizations in achieving their sustainable financial position in the market; however, it also leads them towards achieving higher market share in the competitive marketplace. ABB management team wants to offer those services to the customers through that they make Dubai a center of leader power service provider which never compromises with the quality and comfort of their customers in any situation. The strategic management practices assist the organization in evaluating their internal and external environment, which further aids them in adopting those business strategies which lead them towards the successive level as well as motivates them to achieve a higher level of sustainability and productivity in the highly competitive marketplace.

Effective strategic management practices have a positive role in improving the marketing strategies of the company as they help the management team in understanding the external environmental challenges in the organization through that they analyze the threat and opportunities which are motivational and effective for them in growing their business practices all over the world. Therefore, effective strategic management practices enable the firm to upgrade those strategies in the firm that help them provide high-quality services in the market that, in the future, will allow them to achieve those goals that are leading the company towards the achievement of higher success over its competitors.

Company background of Asea Brown Boveri (ABB)

ABB operates in the digital or electronic business. Nevertheless, it likewise has several additional subordinate companies. Asea Brown Boveri is considered one of the largest power engineering firms that assist consumers in actively utilizing electrical power and enhancing firm sustainability and productivity effectively. The company serves water, gas, and electronic utilities and commercial and industrial customers, along with a broad range of goods, services, and schemes for electricity plant automation, distribution, and transmission.

On the other hand, ABB offers an automation scheme for control, measurement, plant optimization, and motion, through a wide variety of businesses. It is revealed from the previous research that the company utilizes the growth strategy to expand and improves the sales and productivity level of the organization. It is evident from the previous studies that the company has made several steps to remain competitive in the market. On the other hand, they also adopted several market strategies to promote their organizational services all over the world.

Role of the management team

The management team plays a significant role in improving business practices all over the world. The number of strategic factors they adopted to bring positive change in the organizational practices of the company. These factors are explained below:

Innovation in technology

The management team mostly put more emphasis on bringing innovation in their technological practices that enable them to reduce the cost of manufacturing and wastage of products.

More global destinations to leverage

The management team put significant emphasis on opportunities that provide them with continual expansion opportunities for both business destinations and leisure.

Use technology to enhance the facilities

The management team emphasized improving the services by using the technological factors that further enable them to increase revenue and fulfill customers’ needs.

Focus on diversified strategies

The company puts more emphasis on establishing a differentiated position in the market. Therefore, the management team of ABB usually focuses on diversification strategies that enable them to place their diverse position in the market; however, they also target many customers by providing valuable and cost-effective services in the market.

The Essentials of Digital Marketing

Posted on July 25, 2022August 2, 2022 by Complete Controller

When you look back, the history of marketing began a few decades ago. In contact with new digital technologies, the process crosses a milestone over time to reach a new dimension. We are talking today about digital marketing in all meeting rooms.

Digital marketing is all around us. It exploded two decades ago due to the growing need for companies to meet customer demand. It means an increasingly demanding clientele whose satisfaction necessarily requires a tailor-made approach.

Indeed, the terms digital point of sale or even order terminal are now common expressions. However, the very definition of digital marketing and its challenges remain little known to many people. The rest of this article will lift the veil on this activity firmly established in business strategy.

Marketing was already an important point in the public relations strategy of ambitious companies in the 1980s. It enabled modern structures to position themselves in the face of competition on the one hand and to stand out on the other.

Thanks to the discovery of new technologies and digital transformation that increased marketing impact two decades ago. A real performance catalyst, the promotion term, and the sales process are given an excellent atmosphere.

However, setting up a good digital marketing or web project policy is far from a formality. In this competitive environment, you must choose your weapons carefully. Here are the main tools for digital marketing.

Objectives of digital marketing

Over time, marketing has developed many techniques and especially many tools around the world. However, to understand the impact of these digital tools, it is necessary to define the objectives of digital marketing.

Companies, disciplines, and marketing players seek to strengthen the relationship with the client. To do this, the strategy must imperatively:

Increase growth: the impact of growth hacking

A marketing strategy aims to increase a company’s growth in all these aspects. Digital marketing through growth hacking propels the activity of the company to develop services and products.

Develop traffic to websites

For a successful classic or digital marketing strategy, visibility is essential. This search for notoriety involves highlighting the websites of companies. Indeed, brands gain leads on the web through natural referencing on search engines.

Encourage website visitors to buy products

All companies want to expand their customer portfolio. To do this, they must convince the target of the products’ relevance. E-marketing campaigns achieve this goal by influencing visitors to their website.

Influencing internet users

The digital transformation of marketing also aims to shape the behavior of future customers. In addition to websites, social networks are great tools for awareness and persuasion. Companies create groups or communities whose goal is to guide customers’ future needs.

To win the loyalty of customers

The seller-customer relationship is based on trust. The company reassures its target by boosting its brand image on websites, social networks, and emails. Consequently, the customer will carry out his purchases confidently and be pushed to repeat his act.

Organic traffic capacities

Organic traffic is the natural traffic of visitors and existing clients of digital platforms. It is free and different from paid traffic. Businesses are working with the aim of more and more organic traffic to get 1st rank on SERPs (search engine page results). They try to achieve this goal by continuously implementing search engine optimization (SEO). Remember, your thought is wrong if you think SEO practice for web ranking will give you an ideal result within a month. White Hat SEO (a legitimate way of doing SEO) takes at least one year to deliver results.

You can achieve all the objectives mentioned above by making remarkable changes to your website. The variations must be effective at improving rankings. And do not forget to add the fittest keyword in your web content as it is a most necessary practice for 1st rank on SERPs. Building quality links to your website are one of the vital tactics that point to your business website in the digital world.

You can receive around 20,000 web visitors in a month from Google and Bing as an objective of organic traffic for digital platforms.

Home Improvement Tips on a Budget

Posted on July 24, 2022August 2, 2022 by Complete Controller

While many retailers report a drop in sales due to the coronavirus quarantine, the home improvement industry is expanding. In the first quarter of 2019, Home Depot visits were down only 0.5%, while Low’s visits were up 9.1% over the same period last year. It might also be National Home Improvement Month, as if quarantine boredom wasn’t enough to cause you to dust out the drill you keep in your garage. Isn’t that fortunate? You also don’t have to spend a lot of money or go through the trouble of gutting your entire kitchen. (Though if you’re into that sort of thing, we have a roundup of kitchen inspections.) DIY projects can be simple (just paint or tile) and cheap!

According to Richard Reyna, head of product education at the company, you can complete a kitchen update over a long weekend, costing hundreds of dollars rather than tens of thousands. Parade, according to TOOLSiD.com. Do you have shabby kitchen cabinets? Consider repainting only the doors rather than replacing them entirely. It might be as simple as a fresh coat of paint or as complicated as stripping, stripping, and repainting. Alternatively, the cabinets may merely require new doorknobs and handles. They come in several colors and styles, and most of them can be installed with just a screwdriver or wrench.

The kitchen isn’t the only place where you may save money on home improvements. Paint your front door to match the rest of your home’s external decor, whether it’s flowers, furnishings, or other colors. Reyna suggests adding flowers to the mix if you’re looking for a quick DIY refresher.
Flower boxes, Reyna says, are a terrific way to give a multi-dimensional accent. Paint wooden boxes with high-quality exterior paint. Plastic boxes are more durable, but they aren’t as appealing. In any event, a liner will help to keep the dirt contained. Plant flowers (annual plants are ideal because they can be changed out each season) and use solid brackets to keep the flower boxes out of the way of the windows.
Use a sponge to draw a pattern on the wall. Paint the fireplace around.
Apply Backsplash Stick-and-Peel.
Restore an old nightstand.
Stencil on the accent wall.
Make a plank and plank wall.
Build a table
Update rocking chairs with paint.
Hang the basket on the wall.
Paint the bathroom tiles and tub
Update an old hut with paint.
Do-it-yourself barn doors from scraps of wood.
Update old vases.
Apply the stick and peel to the entire wall.
Salt and pepper shakers with spray paint.
Use a grout pen to decorate your grout.
Add shelving to the laundry room.
Add wood beams to the ceiling.
Draw an arched accent.
Create a wall of hats.
Draw your spikes with Sharpie
Spray paint for the porch
Apply chalk paint to the decorative frame
DIY a shelf from wood waste.
DIY flower box from wood scraps.
Add blankets to the blanket ladder.
Drape greenery over the mirror.
Arrange Picture Frames to Create a Gallery Wall of DIY Shelves.
Hang a tobacco basket.
Make a homemade couch.
Paint a mural in the bedroom.
DIY Doodle Chalk Wallpaper.
DIY artificial brick wall.
Draw your pattern on the wall.
Update your plumbing.

You probably suffered sticker shock when perusing carpets when you first hit the road on your own, eager to furnish your home with everything you need. They can be pretty expensive for something so important in any design strategy. Many sites, however, are currently giving discounts in honor of spring cleaning and in response to the reality that many people are stuck at home. So now you have a variety of jobs to complete in your spare time to make it more useful and enhance your home’s condition on a budget, so spend less and be creative. Consider purchasing a bright and fun accent rug to liven up your area and your mood.

Everything You Need to Know About Home Liability Insurance

Posted on July 24, 2022August 2, 2022 by Complete Controller

When budgeting a household, there are many expenses to consider. If you are operating within a budget, you might consider cutting costs that you may want to reconsider. Often, because it is not a legal obligation to carry it, people will cut home liability insurance with the idea that it is not a necessary expense.

While no one is obliged to carry home liability insurance, it is a highly recommended policy because of any unforeseen event that causes damage to a third party. This damage could include a fall while on the property due to conditions or many other issues that can occur while someone is visiting your home.

The costs of one third-party issue at your home could completely wipe out the homeowner financially if not covered. Here is everything you need to know about home liability insurance.

What does home liability insurance cover for the home?

Home liability means the homeowner is responsible for all damages to anyone visiting the home. Also, this responsibility has an indirect nature because even if it were not the owner who caused the damage, they would be ultimately responsible to whom it is claimed. If the house is for rent, the person in charge is the tenant.

Family Responsibility

Home liability insurance for the home protects the user from any real estate and family responsibility that they may have to face, which means that by having this active policy, you are protected against all the damage that your home causes others and, in turn, those that may cause the inhabitants of it.

In the case of home liability, this insurance covers any accident that causes damages to a third party derived from the use of the dwelling. It responds to any consequence generated by the continent or content of the house: housing itself and everything in it.

An example of this possibility is that a tile is removed from our terrace and causes damage to a vehicle or a passer-by. In this case, it would be about the continent, the house itself, and this policy would cover this particular event.

Another possibility is that a poorly anchored lamp causes damage to a visit by rushing over it. In this case, we would be talking about a fact derived from the contents of the house, an example that this type of insurance would also cover.

Home liability insurance generally covers the following aspects:

The damages caused by the use of the house and those caused by the common elements of the building where it is located.
All those events arise from maintenance work and repairs that are running at home. In this case, you should always have the appropriate permits to carry out the work.
If the tenant of the dwelling contracts this insurance, the policy covers its liability to the owner when an accident occurs accidentally.
It is possible that it also includes the employer’s liability if trained personnel are hired, applicable if the event to be covered is given. At the same time, the affected person performs his duties. However, it should be noted that not all insurers attend to this possibility.
The damages you cause as long as professional actions do not derive them. In this case, domestic service is usually included as well.
In owning a domestic animal and those who live in the house with the insured, the insurance responds to the damage that may occur. Although it has a restriction regarding pets, covering only dogs, cats, birds, caged rodents, fish, and turtles. In the case of dogs, this possibility is excepted if it is a race of the so-called Potentially Hazardous.
If food poisoning is caused to third parties, except if they have had to pay for food.
All those damages are caused by water due to leaks, pipes bursting, breakage, or other similar involuntary events.
Deterioration caused by an explosion or fire.
You can also take care of the legal costs derived from the definition of the civil liability of the beneficiaries.

How to Finance Your Home

Posted on July 24, 2022August 2, 2022 by Complete Controller

If you want to buy a home, you can arrange financing for this in various ways. It is also possible to combine these ways.

Equity

If you have already built up a certain amount of capital yourself, you can choose to use part of your money to purchase your home. Whether this is more advantageous differs per situation.

Benefits:

You have less debt and therefore pay less interest on your loan.
You run less risk of residual debt when you sell your home.
You do not pay wealth tax on the surplus value of your owner-occupied home, but on your savings above a certain amount, you do pay (everyone pays wealth tax above an amount of $50,000 (2021) / $50,650 (2022). you are tax partners, an amount of $100,000 (2021) / $101,300 (2022). The amount depends on your assets.

Cons:

When you sell your home, you have a higher equity value, which can have tax consequences when buying another home.
You can no longer use the money invested in your house for other purposes and unforeseen expenses.

Pay attention!

It is not easy to say whether or not investing your own money is more advantageous; this depends on your situation and the circumstances. What is the mortgage and interest amount, your taxable income, and what good do you receive on your savings? How do tax advantages and disadvantages outweigh each other?

Donation

Parents may donate $106,671 (2022) to their (foster) child between 18 and 40. This donation must be used to purchase, improve, or maintain the owner-occupied home or repay the house acquisition debt.

Benefits

You pay no gift tax.
The one-off exemption applies per donor and not per recipient. As a recipient, you can therefore receive a gift from several donors. Note: this does not apply to divorced parents. Their donation is based on parentage and is added together.

Cons

It would be best if you recorded the donation yourself. If you do not do this, this can cause problems after, for example, the ending of your relationship. As a result, you can lose half of the donation. Therefore, it is wise to record what everyone contributes to the house purchase.

Pay attention!

You may only use it for the amount you donate:

Buying or renovating your own home
Paying off a home acquisition debt
The costs of improving and maintaining your own home
The commutation of the ground rent for an owner-occupied home
Paying off the residual debt of the sold owner-occupied home

You must file a gift tax return. You will then receive a zero assessment because you have an exemption.

When (partially) paying off your mortgage, consider that you pay any penalty interest that lenders sometimes charge. Check whether this is the case or whether it is possible to repay a specific part at least once a year without penalty.

Mortgage through third parties

You can also take out (part of) your mortgage with a third party; this usually happens with a family member.

Benefits:

Together you can determine the amount to be borrowed (fitting within the maximum possible mortgage you can take out).
You can determine the interest and repayment to be borrowed together (fitting within the tax bandwidth).
You can determine the term together, with a maximum of 30 years.

Cons:

Without advice, you run the risk of a mortgage that is too high that does not fit within the CHF standard (a standard that is intended to ensure that people borrow responsibly).
The mortgage lender cannot spend the money on other things.

Pay attention!

The interest rate of a family mortgage must be comparable to the market interest rate for mortgages with the same term and similar conditions.
The borrower’s monthly expenses must be in balance with income.
Put the agreement in writing.
Think about what happens in the event of the death of the mortgage lender or borrower.

Mortgage through bank

You can also borrow (part of) the money from the bank. There are two mortgage types that you can choose: an annuity mortgage or a linear mortgage.

Annuity mortgage

You pay the exact gross monthly costs (interest + repayment) with an annuity mortgage. Initially, this is mainly interest and only a tiny part of repayment. Over time, the interest portion becomes smaller and smaller, and you pay off faster and faster.

Benefits

After the 30-year term, you no longer have any debt.
You have a tax advantage, which means deducting the interest you pay on your mortgage.
Due to the tax advantage, you start with low net monthly costs.

Cons

Your net monthly payments keep increasing over time because you pay a lot of interest in the beginning and pay little off, and in the end, pay little interest and pay off a lot. As a result, your tax benefit decreases during the term.

Linear mortgage

With a linear mortgage, you balance the same amount every month. Your gross monthly costs (interest + repayment) is higher initially. Over time, your monthly payments decrease because you pay less and less interest.

Benefits

Your net monthly costs decrease over the years because you pay less and less interest and will no longer make repayments.
After the 30-year term, you no longer have any debt.
You have a tax advantage, which means deducting the interest you pay on your mortgage.

Cons

In the beginning, your monthly payments are higher

In addition to the repayment amount, you pay monthly interest. The monthly interest (and the residual debt) decreases with the repayments, so your tax advantage decreases over time.

10 Ways to Learn How To Disconnect on Vacation

Posted on July 23, 2022August 1, 2022 by Complete Controller

Going on vacation and disconnecting is not precisely a “saying and done” for many—quite the contrary. When work “travels” with us, it is increasingly difficult to forget about email and pending tasks. Can you learn to disconnect? Is there a way that notifications will not chase us to the beach?

According to the consultant specializing in mindfulness, “Mind and Life,” disconnecting is much easier if we knowledge. If we have an adequate strategy, we will not need too long of a holiday. To achieve this, we propose the following tips.

Anticipate your work if you have emails waiting to be answered and jobs to deliver projects to complete. Do it before you go on vacation, or they will chase you. The best option to enjoy your disconnected vacation is to anticipate your work. In this way, you can show your loyalty and working responsibility to your company. Also, you will have a holiday without any intervention.

Define Internet access

In a hyperconnected era, it is vital to disconnect from work routines on vacation. Connecting to the Internet can mean receiving emails and job news. However, social networks or online news consultation is used every day. Decide what you can see and what you cannot before you start your vacation.

Set limits

If you know that it will be impossible not to check your email or not to verify that everything at work is good, establish a window of time for your clients or colleagues that will allow you once a day to make your work queries. Set a limit before going on vacation, and do not exceed it.

Activate the automatic email response

With access to email on mobile, it is not easy to justify not answering emails. For this reason, it is instrumental in activating the automatic answering mode “Out of the office for Holidays.” So, the people who write will know that you cannot answer.

Define what is urgent

Make clear to classmates that they take care of your tasks an emergency of what is not. Try to avoid unexpected calls for issues that can wait. If everything can postpone so, why not your professional work? Cutting off with people and enjoying your own company is necessary for the best working quality.

Save your vacation information separately from work

Avoid checking your email to access the documentation of your holidays: tickets, reservations. It will keep you from being tempted to open the work email. You can forward all emails related to the trip to a different and personal email account.

Use the “Do not disturb” function of the Smartphone

Try configuring who can call you, write or ring a notification. Phone options allow you to establish a wall regarding calls or unwanted messages on vacation. In this way, you will be in complete isolation and have your ‘Me’ time with a peaceful feeling.

Do not take your work computer

In a time when mobility allows you to go with your laptop or tablet everywhere, try to leave them at home for a vacation. Companies let their employee take their laptops home; initially, people feel magnificent pleasure for this achievement. They do not know what trouble they are getting in as later they realize. In one sense, companies purchase their worker given this facility.

The technique vs. outside

If you have no choice but to be connected to work, you can propose to answer emails when you are in the hotel or apartment but disconnect your mail when you leave this. Give a proper application or email your employer for a peaceful and disconnected vacation. Isolate yourself from any excuse that distracts your attention.

Stepped return

The return of vacations usually brings professional chaos. Do not schedule too many meetings. Try to take a step back to the tasks of the day today. It will reduce the emotional impact that always returns on vacation.

We are living in a world where the digital world is our breath. It is a fact that disconnects us from our relations and demands our attention. It builds anxiety, so we must arrange an independent vacation.

5 Super Tips to Buying a Vacation Home

Posted on July 23, 2022August 1, 2022 by Complete Controller

Buying a vacation home can be a life-changing investment, allowing regular vacations, getting to know the region, and eliminating discussions about where to go each year. Like the vacations themselves, the choice will depend on personal preferences.

Some buyers already have a clear idea about their second home before buying it, but it’s okay if you’re unsure. Analyze your options; you might even change places. It is important to note that with Rocket Mortgage, the property may qualify as a second home if it is not receiving rental income for more than 180 days in a calendar year. You must also live in the house for 14 days or 10% of the number of days the owner collects rental income from the property, whichever is longer.

The vision of the holiday home of your dreams in Spain differs for everyone. There are endless possibilities, from a country house with a swimming pool and gardens, an apartment in the Pyrenees with easy access to ski slopes, or a property on the beachfront. To make the best possible decision, here are a series of tips to keep in mind when choosing a vacation home and making the best investment:

First, assess the possibilities

Before acquiring a vacation home, a study and analysis of elements such as the affordable mortgage amount must complete if you want to rent for seasons and the benefits or even the revaluation looking towards a future sale.

Likewise, you should assess whether you are looking for a newly built or second-hand home, confirming that it is common to opt for the second option in the case of this type of property. Other aspects to consider as an investor are characteristics such as size, equipment, facilities, etc.

Choose the best area to invest in

The coast and the mountains are the most coveted destinations for vacation periods. In addition, they are also a considerably safe option, so the investment in this type of residence is profitable. It is essential to remind that if you bet on a place with a rising market, the house will have a high purchase price, but on the other hand, your options for future profitability will also be higher. Whatever the chosen place, we recommend visiting it in advance.

Hire real estate advice

Having real estate experts in the area who have experience selling second homes will help you choose the perfect home that suits your needs and pocket.

Know in-depth the fixed expenses

In addition to the mortgage amount, before buying, you must know the cost of variable expenses such as electricity, IBI, community expenses, home insurance, etc. Taking these costs into account will be vital to managing the economy of each one, and, if you want to rent the home during periods of absence, establish a prorated rent with a profit margin that is sufficient to cover expenses without a problem.

In the case of wanting to reform, it is essential to remember that having the energy efficiency certificate of the house available is vital to carry out the works to reduce consumption.

The critical piece: think of it as an investment for the future

Many people, especially the wealthiest, tend to invest a considerable amount to buy a vacation home, but is it worth spending so much? It is true that, in some instances, a vacation property can be something similar to an investment fund for retirement, either for seasons or to settle there permanently.

When putting it up for rent, there is always the doubt about doing it throughout the year or only in the summer. In this case, it would rely on the investor’s situation:

If you rent it throughout the year, the profitability will be small, but instead, the income will be constant and safe.
If you rent only in the summer, you will increase your exposure to supply and demand, but on the other hand, the income in the high season can skyrocket.
If you have a mortgage on the property, receiving a fixed income is a safe way to cover, for example, the mortgage payment.

From Inversion, we recommend that you seek advice from real estate professionals before purchasing a holiday home. This investment can be very profitable, but you must consider many elements and ensure you do not overlook a single detail.