#BuildingEquity

[mod-realty-okc]

The cure for feeling stressed about equity ⬇️

It’s understandable. Equity is the core of your real estate investment. It’s what you’ll get back in your pocket if you were to sell your home and pay off your mortgage.

The more equity you have, the more ownership you have in your home, and the more money you get when you sell. 💰

If you want to build equity fast and reduce the amount of interest you pay, the answer is simple.

Focus on making extra payments when you can!

If you get a mid-year bonus or have an extra paycheck during a month with 5 weeks, put that towards your mortgage.

Even small contributions add up to provide you with more equity, and more money back when you sell. 🤑

Send this post to a friend who’s a homeowner so they can build equity quickly too!

.

.

.

#equity #buildingequity #realestateadvice #realestatecontract #homebuyertip #buyeradvice #homesellertip #selleradvice #realestatequestions ##modrealtyok #okcrealtor #okcrealestate #okcrealestateinvestors #oklahomarealestate #oklahomarealtor #edmondrealestate #edmondrealtor #nicholshillsrealestate #wannabuyahouse #buyingandselling #buyingokc #buyingoklahoma

#okclocal #okclocalbusiness

[ruspinirealty]

Did you know that owning a home gives you the opportunity to build equity? 🏡💰 Equity is a valuable asset that can be leveraged in various ways, from funding renovations to using it as a down payment for a new home. #HomeOwnership #BuildingEquity #FinancialFreedom #ruspinirealty

[coldwellbankerswap]

💡 Reminder, every payment you make towards your own mortgage gets you one step closer to owning your dream home and securing your future. Don't settle for just being a tenant; become a homeowner and unlock a world of possibilities! 🗝️🌍 .

[thefoodiesfithome]

TA DAAA! ✨ Peep Bickell’s debut album cover 🎶 JK...but he does make these AMAZING new house lights looks just that much better. Kev and his dad finished our house lights last night and they look so, so good!! This is the best before photo I have (how did I not take any nighttime before shots??). This was the biggest DIY project we’ve done so far. It’s so involved that I can’t even speak to it very well, and am considering making an IGTV of Kevin explaining how it was done. ❓Would you be interested in hearing from Kev? Drop an emoji or a heck yes in the comments ♥️👇🏻 · · · · · #homediy #newhomeowners #homeownerdiy #homeownerblog #homeimprovementblog #exteriorlighting #diyelectricalwork #electricalproject #homeownership #sweatequity #buildingequity #buildingcurbappeal #curbappeal #chicagosuburbs #chicagodiy #homeblog #lifestyleblog #firsthouse #housework #modernfarmhouse #homeowners #homecare #chicagoinfluencer #foodblog #foodieblog #chicagofoodie #chicagoblogger #citytosuburbs (at New Lenox, Illinois) https://www.instagram.com/p/B5Apk_OA7Iw/?igshid=1g70dm2e4jfi9

[jennymontanez]

Build Home Equity Faster Home equity is the part of your property you actually own. For instance, if your property’s worth $550,000, and you have a mortgage with a remaining loan balance of $300,000, your equity in the property is $250,000. Naturally, building home equity comes at a price, usually in the form of larger payments. If building home equity means incurring debt to make ends meet, then you’ve defeated the purpose of building equity in the first place. The first option in home equity building is to make additional principal payments. One way to do this is to sign up for a bi-weekly mortgage, in which you make two payments per month (which added together equal one monthly payment). You will make the equivalent of 13 monthly payments per year instead of 12, which may seem insignificant. But a 30-year loan with a bi-weekly payment plan is usually paid off in about 20 years. The other way to build home equity faster is to refinance. If you had a $300,000 30-year fixed loan at 6.6 percent and replaced it with a 15-year fixed rate loan at 4.1 percent, your monthly payment would go from $1,915.98 to $2,234.13. You would save about $120,000 in interest and build the same amount of equity in half the time. #home #equity #homeequity #buildequity #buildingequity #homesweethome #homeownership #ownership https://www.instagram.com/p/B0O7tNlHE46/?igshid=1hzbyoth081iy

[1womanswisdom]

3/6/7* - Tuesday, March 21, 2017 When not involved with work or business, how do you spend your "down time?" Today is the perfect combo for research, shadowing, and quiet observation. Invest in yourself. ------------ #numerology #1womanswisdom #research #business #observe #shadowsomeone #work #investinyourself #investing #action #questions #buildingequity #studying

[mortagesbycheryl]

What are you waiting for? Your dream home?

Your first home doesn’t have to be your forever home. Instead of waiting years for your dream home to become available, you could be building equity in the short term and sell your home when the time is right. #HamiltonHomeMortgage #HHM #Mortgage #Homeowner #Homeownership #Homebuying #HomeLoans #HomeMortgage #BuildingEquity #HomePurchase Read the full article

[fokusfirm]

Break bread and act like you not new to success. But bleed culture, invest, enterprise and take lucrative steps. #buildingequity #creativeculture #groupeconomics #financialliteracy #teambuilding #austintexas #atlanta #connectingthedots

[davidgringfik613-blog]

Ireland Is Hiring! David Grin Explores Expected Labour Shortages in the Construction Sector

Soaring employment levels have led to a potential labour and skills shortage in the country just a decade after the recession devastated the Irish economy.

Employment levels in Ireland hit a 20-year high indicating a potential labour and skills shortage in several sectors. Since emerging from the financial crisis in 2013, Grin-David Article 385,000 jobs have been created in the Irish economy. The current unemployment rate in the country is 5.6%, with the Central Bank forecasting a rate of 4.9% for 2019, hovering close to what economists consider full employment levels. The booming economy is posing challenges for employers looking to fill open positions and providing ample opportunities for job seekers. The construction industry is predicted to be severely affected by the labour shortage, in large part due to the growing demand for housing across the country.

The labour shortage threatens the gains the market has achieved in the wake of the recession. Chairman of private equity firm Lotus Investment Group, David Grin, pointed out that, “The labour shortage within the construction field has driven up the cost of labour, leading to a potential dramatic increase in the total cost of projects. Without an adequate workforce, completion times https://www.thehouseshop.com/property-blog/david-grins-lotus-investment-group-is-breathing-new-life-into-the-irish-property/20127/ must also be pushed back. It creates uncertainty for investors who are optimistic about the recovery and potential of the Irish housing market and it threatens long-term stability in the industry.”

Rebuilding Ireland

Recent reports indicate that Ireland needs approximately 112,000 additional workers by 2020 to deliver on the ambitious Rebuilding Ireland output targets. The current workforce is ageing with fewer young replacements waiting in the wings, a trend being experienced globally. This problem, coupled with dramatically declining apprenticeship rates, has left many sectors within the construction industry struggling to attract talent.

According to a recent survey conducted by the Dublin Institute of Technology for the Construction Industry Federation, in 2006, 300 people registered for apprenticeships as plasterers, 161 as painter and decorators, 679 as bricklayers and 43 as floor and wall tilers. Those same figures for 2017 were 30 registering as plasterers, 45 as painters/decorators, 65 as bricklayers, with zero people registering as apprentice tilers. Those statistics render a bleak prognosis for the industry.

Recruiting Young Workers

Before young workers are willing to consider pursuing a job in the industry, they need to perceive the construction trades as a viable career option. During the recession, there was an abrupt halt to construction activity that led many tradesmen to seek employment outside of Ireland, contributing to the acute skills shortage being experienced now. With low job prospects and uncertain long-term career viability, it became difficult to recruit new workers to the construction sector. Ireland is now experiencing a dramatic turnaround in the economy and the demand for home-building, exposing weaknesses such as the skills gap within the industry.

The government has joined the recruitment campaign to attract young workers to consider pursuing apprenticeship programs in the construction trades. The Minister for Education and Skills launched the Apprenticeship Council in 2014 tasked with expanding apprenticeship programs and recruiting prospective trainees. Solas, the state training agency, supports an apprenticeship initiative that operates in collaboration with industry leaders to develop talent, retrain and help unemployed people, and reduce the skills gap across a range of trade areas.

Apprenticeship initiatives are important in promoting the construction trades and recruiting workers, but the process should begin much earlier. It is crucial to develop an interest in the field by incorporating STEM (Science, Technology, Engineering, and Mathematics) curriculum from the primary stage of learning. This interdisciplinary approach creates a cohesive learning experience for young students that has real-world applications. Introducing these skills at a young age will help motivate and inspire students to excel and pursue high-demand careers within these disciplines, Grin-David including the construction sector.

Diversity as a Strength

The construction industry is often criticized for its lack of diversity. By promoting inclusivity, the industry becomes much more attractive to employees of all genders and ethnicities. Diversity has been proven to improve decision making and it exposes a business to a multitude of different perspectives. It is imperative for employers not to exclude prospective jobseekers based on their gender or ethnicity. In 2017, the Construction Industry Federation launched a #BuildingEquality initiative to promote diversity in the construction industry. The campaign highlighted the achievements of women within the industry in the hopes that their stories will inspire future generations of women to pursue careers in construction.

The industry has traditionally relied on a linear career progression from within the industry, one in which you work your way up the ranks, but that may David Grin no longer suit the marketplace. Recruitment from other industries is a practical option for many companies. With the advent of digital construction, there are several technical skills required that potentially overlap industries. There is a particularly high demand for structural engineers, architects, site engineers, and quantity surveyors, careers that require technical and analytical skills.

Employees with experience working in other industries can apply innovative techniques learned in their previous positions to the demands and challenges of the construction landscape. Emerging technologies within the field of construction may require general technical and analysis skills rather than specialized qualifications currently required for jobs within the field, making them suitable to candidates with varied education and experience.

An International Recruitment Effort

Companies and recruitment agencies have begun to look outside of Europe to find suitable workers to join the Irish home-building workforce. Traditional markets within the European Economic Area like Poland, the Czech Republic and Slovakia that were once major suppliers of workers to the Irish market are now themselves experiencing booming construction activity making it difficult to attract workers to Ireland. Currently recruitment efforts are underway in South Africa, Malaysia, the Philippines and New Zealand in an attempt to attract foreign workers to come to Ireland for construction jobs.

Another global recruitment drive has a different target population: Irish workers who emigrated during the recession. Many workers who left during the economic decline may not realize the building boom that is being experienced at home. One recruitment company, FRS Recruitment has created the “Ireland is Hiring” initiative to entice Irish workers to come back home for work. As part of the initiative, the company has agreed to pay for the flight home of any Irish person successfully placed in a job with one of their clients.

Changing Expectations

When it comes to scouting talent, companies and recruiters have had to adapt their approach and expectations to be able to fill the many open positions. Companies are affording candidates more flexibility with temporary contracts, the use of agency workers, and offers of part-time or remote work. There is an increasing amount of recruitment within the industry with companies offering attractive bonuses and incentives trying to lure workers from other companies. However, these tactics have led to a higher turnover rate with workers able to choose between jobs more easily.

Economic conditions and the labour market have changed markedly in a very short time. It was not that long ago that Ireland was seeking a bailout during the recession. Now with a booming marketplace, the ability to meet the growing demand has placed a strain on the construction industry in ways it was not anticipating. David Grin https://www.talk-business.co.uk/2019/04/11/david-grin-reflects-on-dublins-impending-rental-crisis/ offered a final thought on the challenges facing the Irish property market, “Labour shortages hinder a business’s ability to deliver project goals, maintain productivity, and achieve industry objectives. There likely will not be a quick solution to this problem and companies will need to think outside the box when it comes to recruiting new talent.”

Article Source:

https://homebusinessmag.com/businesses/business-spotlights/ireland-hiring-david-grin-labour-shortages-construction-sector/

[lgbtconstruct]

Proud to be supporting #Pride Season at Kier Proud members of #BuildingEquality

[philipraices-blog]

The last few weeks I have had several couples and singles, approach me to see homes, condos and co-ops from Long Island into New York City.We discussed th