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WHEAT WORKS

What Works makes finance easy! We help you super easy with understanding what
different type of loans will cost you, how you can save money, if a real estate
investment makes sense and much more. 

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PROFESSIONAL ANALYSIS

 * Loan formulas
 * Real estate investment analysis
 * Cash flow projection
 * Budgeting software

In general: we will help you with your money and finances, either if you want to
save or invest, ie. in a new home.

Get In Touch



FINANCE MADE SIMPLE

Our goal is to make finance and money simple for you. 


REAL ESTATE EXAMPLE: ANALYZING INVESTMENT OPPORTUNITIES

Find the best property plans under your budget. Create an investment that you
will not regret. Find the right prices for the property.

PROPERTY VALUATION

 * Estimate the value of a property with the right equipment and sources.

MAINTENANCE EXPENSES

 * Add curb value to your property with the right maintenance budget.

TURNOVER COSTS

 * Estimate the future worth of a property with our accurate analysis reports.

"They have the best online finance explanations to connect with their customers.
I was greatly benefited from their consultation more than once. Congratulations
to the entire team! "
Christopher Morrison


LATEST FROM OUR BLOG


HOW TO SAVE MONEY WHEN MOVING TO A NEW HOME

December 29, 2021


Here comes the next post in our series on “How to Save Money,” where we share
tips on how you can save money in a wide array of situations. Today we’ll be
having a look at an area that most of you are probably familiar with; moving
places.

There are various costs involved in moving, such as the moving truck, the cost
of hiring a mover, and even packing materials. There are also intangible costs
such as time and stress.

When it comes to the intangible costs, every move is different and will be
affected by your motivation for moving. Moving houses can be an exciting
experience or a stressful one depending on how far you’ve come and how much
you’ve put into preparing for your move.

And when it comes to the tangible costs, this is what we’ll be focusing on in
this post.


BUY SECOND-HAND FURNITURE



Moving can be a very overwhelming experience for many people. It’s not only a
hassle to pack up all of your belongings and find a new place to live – it can
also be very expensive. That’s why it is important to consider what you’re going
to do with your furniture before you move into that new place.

You may not feel like you have a choice in the matter, but what if we told you
that you do? In fact, you (and potentially your partner) have sole power in
choosing what you will bring to your new home. You don’t have to buy new, “hip,”
and expensive furniture. Buying furniture second-hand is one of the best ways to
save money when moving.


GET RID OF ANY ITEMS YOU DON’T NEED

If you’re a student or a recent graduate, chances are that you’ll be moving into
an apartment for the first time. You may find yourself with the daunting task of
packing up all your belongings and moving them to your new home. Of course, it
can be hard to know what to do with all of the things you own.

Moving is a major undertaking and comes with a big price tag. In an article
featuring 42 ways to save money on your next move, the moving blog Moversville
recommends that you get rid of as much stuff as possible to save money on your
move. This will also save you time and energy, as there will simply be fewer
things to set up in your new apartment or house.


FIND A MOVING COMPANY THAT OFFERS THE RIGHT PACKAGE

If you are moving to a new home some time soon, you want to find a company that
offers the right package for you. From full-service packing and shipping to just
loading and driving, companies have many different packages available. You just
need to find the one that is right for you.

In a live webinar back in November, the Norway-based moving company Majoren
Flyttebyrå i Oslo featured the following tips for reducing costs of your next
movers service:

 * Use a reputable company
 * Hire professionals for packing
 * Take advantage of special offers
 * Negotiate with movers for reduced price through group rates


DO YOUR RESEARCH ON THE COST OF RENTING IN YOUR NEW AREA

Be sure to do your research on the cost of renting in your new area so you don’t
get stuck with a lease you can’t afford. This is actually one of the biggest
things you can do to save money, since rent is among the largest long-term
expenses you will pay. If you want to be more prepared, try using an app like
Rentberry before packing up and moving.


MAKE A LIST OF ALL YOUR FURNITURE, APPLIANCES, AND OTHER ITEMS

Moving to a new home is an exciting experience, but it can also be stressful.
Luckily, there are ways to make the process easier. One of the first things you
should do is make a list of all the items you own to avoid forgetting anything
important. Start by listing all your furniture and appliances, as these are the
most expensive items. You should also include smaller items like decorations or
kitchenware. Having this list will make it easier to know what furniture you
need to buy, and what you don’t need to buy. 


HOW TO SAVE MONEY ON HOME RENOVATIONS, ACCORDING TO ONE OF NORWAY’S BIGGEST
CONSTRUCTION COMPANIES

October 8, 2021February 20, 2022


Doing home renovations is a pastime that may be completed at any time of the
year. Whether you want to upgrade the outside or the inside of your home, there
are many ways to save money on home renovations.

Today we will feature some of the best tips from one of Norway’s biggest
construction companies, whose CEO we were so fortunate to be given an interview
with, given our interest in anything that helps our readers save money. 


VEST NORSK BYGG

Vest Norsk Bygg is a turnkey contractor in Bergen that has expertise in
everything from drawing and visualizing people’s dream home, to building and
completing large building projects. They build houses, apartments, cabins,
offices, and official buildings – and they also assist in refurbishing and
renovating people’s homes. 

On their website byggefirma Bergen they say that one of the most important ways
to avoid hassle with your home renovations – which can lead to a lot of wasted
money – is to choose a local professional who knows the weather and seasons of
your area. Someone who is not local may not be as well equipped to, for example,
use the right materials or methods to protect your house’s walls when
refurbishing them. 

CEO Harald Hårvik confirms the importance of this tip, and shares some others
that can help us save money on home renovations. 


RESEARCH THE PROJECT BEFORE YOU START

Doing research is important before you start renovating your home. It will save
you time and money in the long run.

One way that research will help with home renovations before starting work, is
by giving you an idea of what types of materials you need to complete the
project at hand. The type of material will depend on what type of project it is,
but it also depends on where the materials are located and how much they cost in
general.


SEEK OUT AN AFFORDABLE MATERIAL STORE OR BUY MATERIALS IN BULK

This is related to the previous tip. With an affordable material store, you are
set for all your future DIY needs.

A local store is always the best bet for finding anything you need in person,
but if not available, then you can also order things online. Buying materials in
bulk is a great way to save money as well.


CONSIDER THE COST EFFICIENCY OF THE DESIGN

People usually think that the more expensive something is, the better it is.
This is not always true. The most expensive option does not always provide the
most value. Consider the cost efficiency of design and see what you can get for
your money.


GET ESTIMATES FOR EACH PART OF THE PROJECT

Getting estimates ahead of time helps in committing your contractor to think
thoroughly about the work that will have to be done, and what it all might cost,
including materials and workforce. 

It can be hard to get an accurate estimate because there are so many factors
that go into it that include labor rates, material rates, and others that can
change depending on where you live in the country. It is also important to take
these factors into account when pricing your work.

That’s all we have for today. What are you already doing well? And what do you
need to do more of to save money on your home renovations? 


WHAT ARE THE ADVANTAGES OF INDIRECT REAL ESTATE INVESTMENTS, AS OPPOSED TO
DIRECT?

October 5, 2021


Most of us have heard about investing in real estate by buying a property and
renting it out. But did you know that it’s also possible to indirectly invest in
real estate? If you’re unfamiliar with this concept, you’ve come to the right
place. Today, we will look into what an indirect real estate investment is, what
the advantages and disadvantages are, and how to choose the right partner for
this type of investment. 

And who knows – perhaps, after reading the article, you’ll have spotted a great
way to earn some extra income on the side?


WHAT IS AN INDIRECT REAL ESTATE INVESTMENT?

An Indirect Real Estate Investment is a partnership with another person to
jointly own and operate real estate.

The indirect real estate investment is characterized by the use of an
intermediary, or “silent partner.” The silent partner may be an individual, LLC,
corporation, trust, or other entity under the control of one or more persons.

This type of partnership is typically used for transactions where there are
large cash needs that cannot be met by each of the partners separately.

The silent partner may provide funds for development or construction, or it may
provide additional financial resources to help keep the property afloat during
difficult times.


WHAT ARE THE ADVANTAGES OF INDIRECT REAL ESTATE INVESTMENTS?

Indirect real estate investments are a way of investing that doesn’t require a
significant upfront investment. In this type of investment, you don’t own the
building itself but instead, you own shares in the company that owns the
building.

Indirect real estate investments provide several advantages: 

 * Tax savings. 
 * Liquidity, since your money isn’t tied up to a building and can be withdrawn
   at any time.
 * Indirect real estate investments also provide a diversification benefit
   because they allow investors to buy into a wider range of properties,
   sectors, and geographic locations. 
 * These investments also provide investors with the potential for increased
   returns because revenue from tenants’ rents can be reinvested into property
   development and this creates value over time as well as allows for asset
   appreciation.


WHAT ARE THE DISADVANTAGES?

There are also some disadvantages of indirect real estate investments that you
should know since it is not worth investing in a property that will not help you
maximize your profit and grow your wealth.

The primary disadvantage of indirect investments is that it takes a long time to
earn profits from them. Indirect investments often involve complicated formulas
and calculations that make it hard for businesses to make decisions on the spot.

There’s also a lot of risk involved with indirect investments because they can
be difficult to predict. If an investor makes the wrong decision, the project
could end up failing or take years for profit-making to happen.


HOW TO CHOOSE THE RIGHT PARTNER FOR YOUR INDIRECT REAL ESTATE INVESTMENT?

Several factors influence the decision of choosing the right partner for
indirect real estate investment. A simple way to choose the right partner is by
assessing their specialties, experience, and capacity.

The best partner would be someone who has both experience and capacity in-depth.
They would also have expertise in the field of real estate investors. Finally,
they would have higher credibility among people who invest or manage funds in
this field.

So what do you think? Is this an idea worth testing for you, and do you have the
means to do it? Then we recommend that you first research the topic thoroughly,
and talk to your financial advisor about it. They might be able to help get you
started without taking unnecessary risks.


REAL ESTATE CALCULATORS

June 1, 2021August 16, 2021


Real estate is an exciting field but is often complicated and difficult to
understand. For this reason, many realtors find themselves looking for effective
ways to make their calculations. They want to be able to run simple simulations,
such as dividing the price of a house by its square footage, which can help them
understand market trends better. However, they don’t want to spend all their
time doing. Instead, they turn to an online real estate site to use affordable
and accurate tools.


ALL THE INFORMATION YOU NEED

Real Estate Calculators offers valuable advice for real estate agents and
investors who need to make quick and accurate calculations. They allow you to
run complex scenarios, including multiple comparisons to other properties, to
evaluate different aspects of the property’s operating costs.


REAL ESTATE MASTER DATA POINTS



In most cases, you will be presented with data points and options based on your
choices. These data points represent operating expenses, gross rentals, net
profits, operating income, net income etc. The more data points you put into the
simulation, the more accurate the results will be. Some of the simplest real
estate calculators use basic real estate formulas that require only basic math
skills.

In order to save money and increase productivity, many real estate agents learn
how to make their own real estate master data points, which can significantly
speed up calculations and provide a better understanding of property-related
concepts. In fact, many agents with real estate master skills find it easier to
enter their own data points than to hire someone.


SOFTWARE PROGRAMS

Most financial calculators are based on standard (published) mathematical
formulas, making them slightly more complicated than real estate master data
points. Fortunately, there are a number of great software programs available
that provide simple yet accurate financial calculations.

Many investors who have no real estate experience find it useful to purchase
such programs, which provide a simplified means of computing real estate values.
Many investors also choose to purchase mortgage calculators that provide
additional financial tools such as insurance and pension calculators.





DETERMINE THE SPACE

When you start your real estate investment calculations, you should first
determine how much space you have available for future purchases. This
information is usually given in the form of square footage. In order to obtain
the best possible investment deals, you must determine how much square footage
you will actually need.
If you purchase homes with too little square footage, you run the risk of living
in a house that could depreciate in value. However, if you purchase homes with
too much space, you may not be able to sell or rent your property.


COMPREHENSIVE GUIDES

Some investors choose to use the services of a comprehensive guide such as those
found online. Comprehensive guides can give you a comprehensive list of real
estate calculators. These guides contain formulas that make use of all the
variables for the calculations. This can significantly reduce the time it takes
for you to compute your values.





USE THE CORRECT FORMULAS

It is also important to note that some types of real estate calculators require
specific licensing from individuals who use the formula to compute their
results. In order to obtain the most accurate results, you must only use the
correct formula in the right situation. For instance, it is incorrect to use the
Metro Area Consumer Price Index to calculate mortgage rates.


USE THE CORRECT MORTGAGE RATE CALCULATOR

The correct mortgage rate calculator would consider various factors such as
employment rates, unemployment, average income, expenses, etc., as well as
consider the many variables used by lenders, including amortization periods,
loan-to-value percentages, interest rates, and more.


IN CONCLUSION



Before purchasing any type of real estate calculator, be sure to research the
different kinds available. Most calculators work in certain similar ways, but
there are a few significant differences. Determine what your specific needs are
and find a calculator that meets your requirements. This will make your life
much easier and more effective. Also, be sure to compare prices before making a
purchase.




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