Easement Land - What Is It and How Does It Affect My Subdivision

Easement land is the part of a residential or commercial block designated by the ordinance as required for access by the town planning department. Typically, an easement ฝากขายที่ดิน will run across the back of a block at the back fence line, but not necessarily.

Beaurocracy being what it is...their humor is sometimes comparable to the Lord himself. Occasionally a block is subdivided with an easement running right across it. Of course this would be an error, but with this type of money at stake, it would be a rude shock to buy a block with an easement running through the middle. Easement land may not be built on or impeded in any way. Typically fences are built on easement land, but these are relatively cheap to replace or re-install.

The reasons for easements is to allow the authorities to access the area for utilities access and repair. The pipes that transport sewage and gas, water and sometimes power are all usually in the easement area. From a developers perspective it is very important to know where the easement is and be aware of what your intended plans are for the block to see that the easement does not present an impediment to them.

Usually, to subdivide a block, the town planning have a minimum lot size that land can be in a given area. The assumption would be that you can just have the square meters of the land to be subdivided and this will tell us if the land can be split. However, for your subdivided block to be valuable to the party you sell it to for the purpose of building, there needs to be a minimum area of open land apart from the dwelling and this dictates how large the dwelling can be. Knowing where the easement is and how big it is, is crucial before purchasing a block for subdivision.

Eagle Ridge Homes in Round Rock, Texas

Eagle Ridge Homes

Eagle Ridge is just a little ways off of County Road 115, which makes it an incredibly convenient location to University Commons and its amazing array of top notch shopping and retail opportunities as well as the Seton Medical Center with its opportunities for employment and health care options. Eagle Ridge Homes are only about a half an hour's drive to the ever-bustling downtown Austin, which also has plenty of options for employment and entertainment. This community is even sits across from the peaceful Teravista golfing community. Eagle Ridge real estate is located in the northeastern portion of Round Rock and has by far the best value for a potential homeowner's money. Homes for sale here are easily accessible to the 130 toll road and IH 35, which means you can make a quick trip to Georgetown or Austin in a matter of mere minutes!

Eagle Ridge Real Estate

Looking out of the window in your home you will see your neighbors taking a leisurely stroll through the neighborhood, jogging, walking dogs, or even talking early in the morning and evenings showing just what kind of safe, family oriented community it is. As a homeowner, if you took one of these strolls you would come across many tucked away parks throughout the neighborhood. There even a 10 acre lake for walking around that has its own playground for children.

Eagle Ridge Homes For Sale

It doesn't matter what kind of home you are looking for. there are a variety of homes differing in size, style and price to accommodate any kind of family. You ฝากขายทาวน์เฮ้าส์ will find homes ranging from 1,450 square feet to 3,500 square feet with prices from $120,000 to above $250,000. Eagle Ridge has a wonderful home owner's association and dues for the association are only $150 per year. This location in Round Rock has everything a homeowner could ask for and more! Many amenities and nearby locations provide the residents a wonderful place to live and places to see.

This community has a prime location that is a short and convenient ways away from shopping, dining, and employment options. This community is a place where homeowners can learn the true sense of community, and learn to love the home they're in. For homeowners who are looking for somewhere scenic, quiet, safe and fun for the entire family no matter what size, this hidden gem of Austin is the community for you!

Dunedin Real Estate - Value and Lifestyle

Dunedin is located in the region of Otago, in the South Island of New Zealand. It is set amongst rugged coastlines and rolling forested hills. It has an enchanting combination of admirable heritage, architectural buildings, a bustling University and scenic vistas. Encouraging the modern culture that has developed in Dunedin, there are numerous art galleries, over 140 cafes, fine hotels and motels which are scattered throughout the city.

Durable Housing Concepts

Initial thoughts may seem straightforward with a straightforward answer: durable housing is tough; its vertical and horizontal surfaces resist deterioration from weathering and use. It could be theorized that durable housing would possess three qualities.

Firmness - it is well built of solid materials.

Utility - it is useful and comfortable to its inhabitants over time.

Delight - it remains appealing from one era to another.

Durability is a key point to prevent the deterioration of structures, members, and building components over time and to maintain the safety, comfort, and health of its occupants. The question of durability, explicitly considers architecture over time. Different people will obviously appreciate and focus on different aspects of durability. Residents want to live in a pleasant and dignified place with a "good address". Neighbors want to look at something calm and reassuring, not odd or brutal. Maintenance people hope for buildings with predictable performance and the fewest surprises and problems. Planners and politicians worry about the quality of the cityscape, the social health of neighborhoods, and the cost to public budgets.

The important aspect of durability is that buildings that are considered comfortable and attractive are somehow more worthy of the trouble of maintenance and renewal than the buildings that are not comfortable or attractive. Therefore there is a high correlation that suggests that the physical, social, and aesthetic aspects of durability are definitely related.

This Issue will focus on durability in terms of the physical attributes, longevity, and performance based requirements. The need to build efficient, sustainable, durable and cost effective buildings for the housing sector has become more important than ever. The Building Envelope Performance heavily depends upon the various agents and environmental factors that affect it's function. Building science can be defined as the body of knowledge regarding heat, air and moisture flow in buildings resulting from these agents, and their affect on building materials and occupants. All definitions of service life and durability include references to the service environment, underscoring the key concept that durability is a function of both material and its environment, a point too often misunderstood by designers.

Longevity of housing: What is our expectation of how long houses should last? Some do-it-yourself folks build so that their "improvements" last until the house is sold to someone else. Bankers and lending institutions expect the structure to last 30 years from the time they initiate a mortgage on the structure. Serviceability could mark the end of its safe use. Catastrophic failure of a home's structure caused by wind or earthquake will mark the end of its safe use. Green building systems are on the rise and will have consumer recognition within the next few years. Consumers are becoming aware of the impact of their purchasing decisions. More attention is being paid to renewability, sustainability, and environmental impact of the materials and systems we advocate. There are many lessons from existing housing systems; given the massive housing stock in place, there is much information to gain by making a connection between existing housing systems and new housing. We should be able ฝากขายคอนโด to make inferences from problems witnessed and to quantify the behavior and performance of existing structures.

The effect of the do-it-yourself market is far reaching. The large retail "big box" centers send the message to most homeowners that they can do most projects by themselves. Whether the job entails painting the house to building an addition, is often seen as week-end work. Professional support for such projects will almost always result in a better job. We need to be more cautious about what we tell people they can tackle. Real estate professionals often see that projects done by homeowners can lower the value of a house compared to not making any "improvement" at all. These types of improvements are also common in the commercial sector.

Duties Involved in Apartment Property Management

Many apartment buildings are managed by a designated manager, who is responsible for the day-to-day running of the apartment and is often the first port of call should you happen to be experiencing an issue of some description.

However, their job descriptions extends far beyond simply handling the tenants of the building. The following are just a few of the tasks that an apartment property manager will be required to handle.

Mediation

It is not uncommon for disputes to arise between different members of the apartment complex and it often falls down to the apartment manager to mediate the discussions and attempt to find a resolution that is suitable for everyone.

In some cases this may be fairly simple, such as when one tenant is being too noisy and thus disturbing the peace. However, other disputes can be much more complication so the manager must know how to handle such issues peacefully and to the benefit of both the building and its tenants.

Maintenance

The apartment manager is directly responsible for any maintenance issues in the building. While the work itself may be carried out by a janitor or other contractors, it is the manager that has the responsibility to ensure that everything is running as it should be. They will also need to be able to determine if any reported issues can be handled internally, or if somebody needs to be called in to help.

As such, they must make themselves available to the tenants so that they can report any issues, in addition to maintaining relationships with contractors and other personnel who will be able to come out and rectify the issue at a reasonable price.

Collecting Rent

In most cases the rent payments are made directly to the building's owners or through an agent acting on their behalf. However, if a payment is overdue for whatever reason it will often be the building's manager that needs to speak to the tenant in question and arrange for the payment to be made.

Much like with mediation, this often requires a delicate touch. However, the apartment manager must also have the authority to act if the tenant is refusing to pay and must also know how to best make use of this power to ensure that they get what they need from the tenant without disrupting the lives of other occupants of the building.

Signing Leases

In some cases, though not all, the apartment manager will also be responsible for signing leases and คอนโด กรุงเทพ showing prospective tenants around the building. This means that they need to know their building inside and out so that they can ensure they provide accurate information while also keeping the best interests of the building owners in mind.

>A solid mind for marketing helps here, as it can be used to accentuate the positives of the building while downplaying some of the negatives. In short, they will need to be able to sell the building to the tenant and convince them that it is a place that is worthy of being called their home.

Duties of Land Surveyors

Land surveyors have many different roles as well as they can supply a range of solutions for us. Among the primary uses land surveyors for example is to both exercise and after that legitimately define the bounds of a residential property - to put it simply to ascertain what specifically comprises a location of land. One more function of land surveyors and one that lots of people are extra aware of and recognize much better is to check out land in a comparable means to the way in which a residential property surveyor checks over a property. Here then will certainly check out things such as whether or not there is any kind of contamination in the land (perhaps if this was once the website of a spill), whether it is on a fault line, or whether it gets on a flood level. By doing this surveyor can be utilized in a similar method to residential property land surveyors but without the residential or commercial property - as it only makes good sense for somebody purchasing home that they mean to establish to very first ensure that it is a good buy that will certainly generate a great return on the first investment.

Right here we are going to look at just how land surveying is used nevertheless in order to evaluate the exact bounds of a piece of land as well as exactly what a specific owns in it.

Below surveyor are used when purchasing a building, or when the bounds of someone's residential property are brought into question. There are numerous reasons that this can take place which it could not be very easy to recognize specifically where the land quits and starts. As an example this can occur as an outcome of erosion as well as all-natural destruction. Gradually it might be that the actual earth has actually relocated or worn down, however certainly this should not modify the amount of land you practically own. Likewise disintegration as well as additionally vandalism might affect the physical pens that you have in location. As an example if there is a fencing or wall as well as this should obtain wrecked by a strong wind, or by mischief-makers, then this might leave you without the boundary for your property that you normally make use of to suggest where it begins and begins and also without this it can be difficult to recognize where to erect it subsequently.

Over time we will naturally replace as well as repair our fences and wall surfaces generally, and this can lead to small motion as well - based even on the density of the fence. If this leads to disputes with the surrounding council or various other land proprietors, or if it influences the worth of the building then utilizing surveyor is really vital.

So the question is, just how do surveyor go about identifying the bounds of the land when you can not? One method they can do this for instance is to take a look คอนโดมือสอง ราคาถูก at lawful papers - possibly owned by you, maybe owned by the state, or maybe owned by the previous residents. These might videotape the exact surface, any type of slopes in the ground, and it may describe various other sites as well as 'monument' which are put at specific factors usually listed below the ground in order to suggest the specific boundaries. If you don't currently have these monuments, after having surveyor check your limits after that, you will certainly have these iron rebar poles or pipelines placed underneath the surface area of the ground in order to assist ensure that the accurate boundaries of your residential property are not called into conflict in future.

E-newsletter Attraction For Realtor Marketing

Among the most reliable advertising tools for Realtor advertising and marketing is the Real estate agent e-newsletter. Producing one that is both fascinating and also fun to read can be a difficulty. Concentrating on who your customers are as well as doing just a little study can improve the attraction of your e-newsletter.

Realty Content

What not to consist of in a Realtor advertising newsletter

Opportunities are your Realtor newsletter contains real estate info. Think about it for a minute. Your customers came to you because they need your know-how not since they intend to find out the real estate service. Currently have a look at your e-newsletter does it have what they really need to know or is it filled with property trade product.

What to consist of in a Real estate agent advertising e-newsletter

You should target at making your e-newsletter of interest to your target market indirectly related to real estate. Give info concerning chimney treatment and also cleansing before the weather condition turns cool or horticulture in very early springtime. The details ought to be given in a conversational easy to comply with design. Use appealing headings that will get their interest. Think about outsourcing the writing solution for your e-newsletter if you don't have the ability or the time to give fantastic subjects and also material.

Assume like your target audience

The very best e-newsletters fix troubles as well as responses questions the visitors have. As a Realtor you are probably a home owner too. Consider several of the questions and issues you have actually experienced go from there. If you are hitting an empty wall, ask some friends, member of the family or clients what a few of their questions or troubles may be regarding their houses, furnishings as well as energies.

One suggestion for newsletter web content lately might have been details concerning census taking and also how crucial it is for people to complete and submit their demographics forms. Offer details relating to the function of the census and the advantage to the private as well as neighborhood. ทาวน์โฮมมือสอง ราคาถูก

So what's following after the e-newsletter is created

- Email it to your customer list - Location a hard copy in businesses throughout your market location - Put it on your website Be consistent with the frequency of your newsletter.

If you do it monthly after that on a monthly basis you should be making it as well as sending it. If you can't take care of a regular monthly e-newsletter monthly, do it quarterly but do it consistently at the same time each quarter. Your newsletter is no different than other aspects of Real estate agent advertising and marketing it requires uniformity to be efficient.

E-newsletter Advertising Permanently Long Realty Sales Success

The path to ... is led with excellent objectives. All Real estate agents have listened to the truth. Consistent advertising and marketing is the crucial to consistent sales. Developing a real marketing cycle of prospecting, and also offer flow that establishes a measurable client life process value. By having a constant message delivery system, you can begin to establish a norm of your real advertising and marketing costs per bargain. Just by having quantifiable results and also consistent advertising that are trackable can you establish an actual profession in the Real Estate field. Probably the most valuable device, with the highest possible ROI, as well as measurable life cycle is the regular monthly Real Estate E-newsletter.

Many Realtors "Intend" to research study, compose, design, print, choose a geographic farm or client section from their database, and afterwards supply a premium quality, remarkable newsletter each month to their meticulously picked clients. However, lots of Realtors, even the most professional, do not realize the actual time investment it calls for to do this month after month. It is the lack of excellent responsibility companions, advisors, time, as well as the standard routine self-control it takes to remain on task, on schedule over an amount of time. We create excuses, provide other points our vital time, pushing the e-newsletter to the back burner. Once you miss it once, it comes to be easier to do it once again. Perhaps the very first month was wonderful, after that it took 5 weeks, then it was every various other month, and eventually they give up. This is a typical problem with the majority of methods to advertising and marketing, a lot of Realtors are one, as well as done. They believe, "Hey, I went door knocking yesterday and also it really did not function." So every day, week, and also month they are chasing after a brand-new shiny item trying to find the wonder drug of success. One of the most extremely pertained to Realtors with one of the most regular success make it look so simple that the herd stops working to gain from them as well as instead stops working badly over as well as over. What the herd stops working to see is the dedicated, professional, self-displined technique that a real sales professional employs. A real expert has a system, and also a regular that they stay with militantly. They have actually located the wonder drug, and it is called uniformity. By executing a routine system of advertising that you can quickly adhere to and repeat daily you will certainly establish a real bargain circulation, and also your channel will runneth over.

Constant marketing will always produce results that you can count on, creating foreseeable earnings, and also a long successful job. Lots of Real estate agents produce success on their own by leveraging their time, sticking to what they do best, running from their strengths. One wise means to do that is to contract out the most valuable advertising and marketing that you can employ, the month-to-month RE e-newsletter. By offering some standard input to an author you can have an expert, customized newsletter provided for you monthly. A newsletter that is interesting, pertinent to your market, and amusing to your clients. It can come to be a simple job that you set up each month. Then it is done for you by a team of authors, published, printed, and mailed for you on schedule each month. The monthly e-newsletter is an advertising force multiplier. Every time you walk through your area you have something new and also pertinent to talk about with your customers and also potential customers. It makes you an important source for details and transforms you into a revered resource of specialist information, appropriate neighborhood news and some enjoyable conversation. You make the makeover from uninvited insect, to welcome guest. Each newsletter is like an one-on-one sales meeting right in your customer's residence at the kitchen table, developing long term success with a constant stream of new clients. It is this uniformity, relevancy, as well as respect that will turn your competitor's purchasers right into your future residential property listings. You will be able to shut out the competition by producing market controling top of mind existence in your neighborhood. That may sound terrific, however exactly how can a newsletter do all that for you?

A newsletter for your customers created by specialists who only create e-newsletters is a lot different than a mama and also pop postcard. A contracted out newsletter is a professional item of intriguing, appealing, interactive and enjoyable literary works. It is well contacted create a 'people' of followers that expect each issue. Your e-newsletter will be collected, shared, as well as spoke about with next-door neighbors. When anybody in your farm has a realty require you will be the only person they think of, ever. It is greater than simply Real Estate industry lingo, as well as squealing N.A.R. statistics, if your customer's wished to check out every one of that they would certainly additionally be Realtors! Expert writers create an assumption of response from ฝากขายทาวน์เฮ้าส์ your viewers by supplying interesting web content peppered throughout with phone call to action and reasons to begin a discussion with you. Numerous Real estate agents who supply their very own e-newsletter monthly make that really blunder. They utilize the newsletter as a soapbox for a one-way discussion. Buddy, we all understand that Property is a connection business as well as excellent connections don't begin with one-way conversations. Take this opportunity to capitalize on the current market growth and invest in your advertising and marketing to build your life long job. Every Real estate agent knows they need to have a regular monthly e-newsletter, yet none of them do it. You need to get started now by locally outsourcing your month-to-month real estate newsletter. It produces a serious open market benefit.

E-newsletter Shipment - Why Paper's Dead Wood

Newsletters are an excellent means to talk but should they be mailed or emailed? There's definitely no question. Email is hands down the very best way to correspond with your leads. Below's why:

Cost-effective - Sending you newsletter out online implies there are no shipping or printing prices so you have the ability to develop a huge customer checklist without fretting about it costing a ton of money. Quick & & Easy - Time is something that all of us lack. With eNewsletters, there are no envelopes to lick or stamps to stick. eNewsletters are arranged to go out immediately each month so you don't need to raise a finger. Personalization - You can customize each eNewsletter to your customer's Given name or even add personalized notes to private clients for the supreme individual touch! Viral Direct exposure - Customers can onward your eNewsletters on with just the click of a switch or share it with numerous their good friends with social media sites sites like Facebook, Twitter or LinkedIn. Damaging News - eNewsletters allow you to promote an open home or include local market statistics at the last minute without needing to stress over printing or delivery due dates. Direct Feedback - eNewsletters have clickable links ทาวน์โฮมมือสอง ราคาถูก which instantly straight visitors to your website while their passion is still ignited. They can even do it from their mobile phone. Eco-Friendly - We're relocating towards a paperless culture which is why "No Junk Mail" indications are so preferred. Your clients will certainly value your environment-friendly service philosophy. No Hand Outs - Distributing e-newsletters is a bad suggestion since you'll likely never ever listen to back from them ever once again. It's far better to get their email address so you can correspond monthly. It Just Obtains Deleted Though - Individuals will eventually remove your newsletter but they also toss out spam and also when a TV commercial comes on, they'll change the network. My Client Does Not Have Email - No worry. Simply publish it off and pop it in the mail for them and also if you really want to radiate, offer to establish an email represent them!

The paper industry has dominated for centuries yet times have changed and also paper's finally en route out. The Telephone directory and also newspapers are basically a thing of the past. Realty representatives are even beginning to digitally farm their regions because it's less expensive, environmentally friendly and viral. Take your organisation into the 21st Century by dumping paper and also button to a digital e-newsletter today!

Dream House Plans in the Heartland

For many the idea of a dream house is by the ocean. There are those who love the mountains as well. Both of these are so majestic and stunning in their beauty and mystic. It is so very easy to see why people dream of building a dream house in either location. If you've ever been to the heartland, you'll know it can be just as majestic. The idea of building a dream house from prairie style home plans with the waves of wheat over the rolling hills of the heartland also is an easy one to latch onto.

Sometimes the dream has to do with what a person is used to. If you grew up in the heartland in a house built from prairie house plans and you loved everything about your childhood and your neighborhood, then you might be one to dream of a prairie style house. If you have always had an itch to move on to other locations then moving a prairie house may be hard to fathom.

The idea of building your dream house from country cottage house plans overlooking the ocean may or may not fit. It may be even more out of place on the side คอนโดมือสอง กรุงเทพ of a mountain overlooking a beautiful gorge. But then again, it could be a good fit. Not the perfect fit like on the sea of fresh prairie grasses but it may be alright. No matter what your dreams it is what you think that fits that matters. There are many houses that some people don't think fit but it really doesn't matter what they think.

Dream Homes - How You Can Purchase Your Own Dream Home

Are you interested in buying your own dream home? If so, in this article we are going to go over different ways you can do that. You can start by making a list of all the things you want in your dream house, then you can consider seller financing, or you can build your own home by buying an existing home. That means that after you finished reading this article you will learn over the kinds of things to look for and avoid, the best way to pay for it, and how to save on costs by building your home.

First of all, let's look at making a list of all the things you want in your dream house. You should decide exactly what you want and put it in writing. You should include things like the qualities you want of the house, the neighbourhood, whether in a town or city. If you have kids, see if there is a good school nearby and if there is a good playground. You can also write down the size of the house, size of the various rooms, and the layout.

Next, you can consider your financial options. Let me suggest, seller financing, which I think is the best way to go about it. This option is the best, because it enables the seller to finance the buyer. So, when you want to buy a house, part or all of the purchase price is carried by the seller. You can come with an agreement with the seller himself on the terms of monthly payment and how much interest should be given. This makes it easier than going to a bank or a loan shark who charge high rates of interest.

Now, you can think of buying a house that already exists and improving on it. Since the foundation and the structure is already there you will not have to pay for that. This works out cheaper, than buying a house from scratch.

In conclusion, purchasing your dream home can be done by making a list what exactly you want, considering seller financing, and making a home of your own from an existing one. In this article we went over how to make a list with all that you want in your dream house, next how to finance it, and then how to save by building from an already existing house. I hope this information helps ฝากขายที่ดิน you.

Dubai Property Buyers Need to Ne Cautious

While there is a great variety of property on the Dubai property market, anyone who wants to own a home here needs to be cautious when buying, as there risks involved, just as in any real estate market. Here are a few things to watch out for at the moment:

Poor build quality

This is a major concern for many property buyers, especially long time residents that know how a bad construction job can influence the property. There have been recent reports that due to the inflation of concrete, some constructions are cutting corners, resulting in shoddy building work and severe compromise on the longevity of the property. If you buy a home, especially with prices as they are, you want your home to last more than five or ten years, so be sure to buy from a reputable developer when purchasing your Dubai property.

Developers that are not registered

You might be surprised by this, but some developers that are operating and selling freehold property are not actually registered with the Dubai Land Department that is in charge of the Dubai real estate sector. If you are interested in a property, be sure to ask for proof that the company is registered, which they should be able to confirm with a registration number and registration card. If a developer cannot produce these for you, then you may be dealing with an unregistered firm.

Over-inflated property prices

There is inflation in the market, but that doesn't mean you should pay more than necessary. Some ทาวน์เฮ้าส์มือสอง property buyers may face a situation where the seller of a property they want is trying to charge above the market price, and if this is the case, then don't hesitate to argue.

Legal matters

It is essential that anyone who buys property in Dubai use a solicitor to cover the legal legislation. There are always new and updated property laws and regulations, including the freehold property contracts that are issued by developers, so make sure you know what you are buying, and what rights you have with your Dubai freehold property.

These are just the basics, but the best way to avoid any pitfalls is to do your research and shop around before buying.

Dream House Plans - Beware! Not All House Plans Are Created Equal

House plans ... what fun! People love pouring over one after another. And this kind of research can be helpful. But, be careful. Let me share a short story. Some time back I was working a Home Show, talking with thousands of people, and a woman who was scrutinizing several house plans I had on display approached me.   I started the conversation. "Thinking of building a home?" I asked. "Yes!" was her answer. Normally this would signify an eager prospect, so I asked, "Do you own a piece of land?" Her answer ... another "yes!" Carrying the conversation a little further, I learned that she had been seriously looking for her dream house plan for years and when she found the one she liked, she was going to buy it! Some warning bells went off inside my head.   Don't waste months or years making inaccurate assumptions.   The danger this woman was facing was that she was following a path that would lead to disappointment, time delays and wasted money. Knowing where she was intending to build, I could foresee the dead ends and aggravations she was heading towards. She was wasting time and, potentially, some money. She hadn't done some important research.   Once you own your land and are ready to build, it's time to get serious. It's time to do a little research, heeding these CAUTIONS and taking these ACTIONS:   CAUTION: There may be building restrictions imposed by the city, county, local building department or the subdivision/community. These are often called CC&Rs or Covenants, Conditions, and Restrictions. These can have a huge impact on what and how you build.   ACTION: Simply get a copy of these by calling your local building authority and your Homeowners Association and read up!   CAUTION: Your building parcel may be in a flood zone, earthquake zone, high wind area, or have snow-load requirements, etc.   ACTION: Check with your local building department, a structural engineer, and/or architect to find out the codes and requirements.   CAUTION: There may be a law that states that your home plans cannot be drawn or created by anyone who is not in your state, province, or county.   ACTION: If this is the case, you may have to have a local architect or residential designer draft your house plans or you'll need to purchase pre-drawn plans from a local designer.   CAUTION: Some home plan companies do not allow changes to their plans without substantial extra costs. This can come as a surprise and run up the bill.   ACTION: Always find out if they will let you make changes. Also, determine the costs for having them make changes. Check with local architects to find one willing to alter another's plans. Some will not do this ฝากขายที่ดิน even if it's allowed by the plan company.   IN CONCLUSION   The worst case scenario might be that the plans you buy may be useless and you wasted several hundred (or thousands) of dollars and the time you spent. I've known this to happen to people when they didn't do their homework first. The dream is dashed. It can be devastating.   There can be more potential dangers but as you can see, most of the problems can be avoided by just becoming familiar with your CC&Rs and talking with your local building authorities who are normally extremely helpful. Personally, I don't like to waste time or money and I'm sure you're the same. Do a little research. To really get that dream plan, you must learn as much as you can.

Due Diligence and Buying a Home

If you have ever made a large purchase in your life, or even a small, but important, one, you have likely performed due diligence. Due diligence is a general term applied to the duty that you have to yourself to thoroughly investigate a purchase transaction that you are considering. It is your opportunity to question all aspects of the condition, marketability, location and other factors associated with the product that interests you. In real estate, that product is typically a property or a home that you are considering purchasing. You must make sure that you negotiate a period of due diligence into all real estate purchase contracts so that you are able to take the time to investigate and verify the condition of the home that interests you.

Home buyers generally think of due diligence as the "home inspection" part of a contract, but it is really so much more than คอนโดมือสอง ราคาถูก that alone. In fact, due diligence can be broken down into several major categories: Seller's Disclosures , Home Inspectors and Home Appraisers . Let's take a look at each of these categories and see how they can affect your decisions when buying a home. Keep in mind that you bear a significant responsibility when performing due diligence to purchase a home and you must embrace this responsibility with care. Outside of willful misrepresentation, gross negligence or fraud, you will have little recourse against those that you enlist to help you with buying a home.

Seller's Disclosures

In Kentucky, sellers of residential property are required to complete a Seller Disclosure of Property Condition form and to make this completed form available to any home buyers. Unless the home is a court-supervised foreclosure, new residential construction with a warranty offered or a real estate auction, the sellers are required to complete the seller's disclosure form. The seller can refuse to complete the form, but this, in my opinion, is harmful to the seller.

Both the buyer and the seller benefit from the Seller Disclosure form. The seller helps protect themselves from future liability and the buyer can use the disclosures as a part of their due diligence. If there is an issue disclosed to the buyer, whether it is resolved or not, the buyer can further research the issue and determine whether it is acceptable to them, or not.

Home Inspectors

During negotiations to purchase a home, it is very important to include a time period in the contract that allows you to inspect the home for any reason. This term should ideally let you negotiate for repairs and have the option to cancel the contract if the condition of the home is unsatisfactory to you. This is a major part of due diligence for a home buyer and one that cannot be taken lightly.

When you hire a home inspector to look at the home, keep in mind that they are there to provide a detailed overview of actual and potential issues with the home. However, know that they are typically not code inspectors, nor do they perform an invasive inspection, so it is very possible that issues are missed that can cause real problems in the future. In my experience, it is best to use the results of the home inspection to help you decide if you need to hire additional inspectors, such as an electrician, a roofer, an HVAC contractor, a plumber or a structural engineer, to take a closer look at any problems found during the inspection. This is the most-thorough way to benefit from the home inspection component of due diligence.

Home Appraisers

It is also very important during negotiations for a home to make sure that you include a provision that allows you to hire an appraiser to value the home. This term should also allow you to cancel the contract if the property fails to appraise. Home appraisers are a critical part of due diligence because they act as a check and balance to your valuation of a home.

The job of an appraiser is to certify the value of a home in an objective manner. When you develop your pricing for a home, many times you are taking into account your personal wants and needs and this can affect the price of the home. Using an appraiser to certify the value of the home can help protect you against allowing personal tastes and feelings to get in the way of an objective analysis of pricing. In addition, if you lack sufficient comparable sales when pricing a home, the appraisal can help give you confidence in your negotiated price.

Due diligence is an important responsibility when buying a home. It's your opportunity to investigate the property in great detail to ensure that the home is in a condition acceptable to you. It is unfortunately a common error that home buyers fail to completely perform their due diligence duties, and this can result in frustration, disappointment and it can cost a significant amount of money if there are problems with the home that are later discovered.

Dubai Real Estate Developers Revising Prices and Payment Plans Based on New Market Conditions

With an estimated 70+ projects that are now for sale across Dubai, we are increasingly seeing Real Estate Developers revise their offering, prices and payment plans to gain market share.

While the major established developers like Emaar Properties, Nakheel and Dubai Properties Group are still able to sell out projects with relative ease - there are now dozens of smaller, private developers that are building various types of projects across Dubai.

The competition is ฝากขายที่ดิน strongest on the mid-end segment. Hot spot areas of development include projects like Dubai Sports City, Jumeirah Village and the greater Dubailand area. With so much competition in this segment, developers are adapting to the market place with new, innovative campaigns and product placements.

A bit of background; Dubai's real estate market crashed in late 2008 and between 2009 - 2011, the market corrected drastically with prices declining between 30 - 50% in some cases.

Starting in 2012, mainly as a result of instability in the region (remember the Arab Spring), billions of dollars poured into Dubai - largely being diverted into the local real estate market.

From 2012 - to late 2013, the market appreciated drastically. In order to cool down the market and prevent another bubble, the Government took a number of measures to prevent speculation. An increase in the mortgage cap, doubling of transaction costs and preventing off-plan buyers to resell immediately have all contributed to a slow down.

The slow-down has not been as drastic as once feared. The correction which began in mid-2014 has seen prices decline by 7 - 10% on average for most communities. Many of the small and medium sized investors have started consolidating their positions. Most mature communities have high occupancy rates and now witness less transactions.

The overall market has now shifted towards the off-plan market. Buyers from within Dubai and from overseas are attracted to purchasing on payment plans which minimize cash flow and risk.

Thousands of units have been announced for development since 2013. In the long run, the city will require new housing to counter a growing population and high rental costs which contribute to the high cost of living in the city.

With so many under-construction projects, developers are competing against one another in ways that they have never done before.

Developers are revising prices downwards and in an interesting turn of events, many new projects are now offering payment plans which extend to upto 3 years after completion - a concept which was pretty much unheard of a few years ago.

Good examples of these extended payment plans are projects like Royal Estates in Dubai Investment Park, GGICO's numerous developments in Sports City and Dubai Silicon Oasis and Al Khail Heights.

Even high-end developments are beginning to introduce flexible payment plans. Fortuna Village, a 30 townhouse development enclave within Victory Heights, has recently offered buyers a chance to pay off their units upto one year after handover on a 6% increase on the purchase price.

According to research done by on under-construction freehold supply, there are 9,000 villas, 6,300 townhouses and 38,000 apartments currently under-construction across Dubai.

Dunedin Real Estate - Obtaining Your Desired Lifestyle

The city of Dunedin is a beautiful place full of opportunities and obtainable lifestyle attractions. The city embodies Victorian and Edwardian architecture and is set in the midst of lush green belt and native bush. Dunedin is a sophisticated, innovative, liberal, expressive and intriguing city with a proper community spirit that embraces new ideas, new people, new projects and the more special the better. Dunedin has a strong record of educational excellence and it's a city that celebrates and encourages innovation and creativity. The underground arts, music and culture scene has a unique and exciting history and there are always plenty of live gigs to go to.

Down Payment Ideas

There has been a considerable increase of the number of homeowners in the country for the past fifty years. Still though, one factor that has been consistently a struggle for home buyers is coming up with a down payment or a deposit. In most cases, banks require as much as 50% down payment before they would lend on a mortgage. While this amount has been lowered to 20% today, there are still people who have not much money available to them. If you are one those who struggle for initial deposit on a property you long have dreamt of, here are some ideas for you.

Down Payment Myth

You better save up your money! You need 20 percent down! Lenders are only making loans to those with perfect credit and 20 percent down! Does that ring a bell? Have you heard of such talk and kept on the sidelines? Let's dispel a big myth that still seems to make the airwaves.

You need 20 percent down or you won't get approved.

Not true at all. Lenders offer conventional mortgages with down payments as low as five percent, still lower for certain first time homebuyers or other incentives. The mantra seems to be that if you don't put down 20 percent you'll need perfect credit. That's not the case at all. In fact, mortgage lenders approve loan with as little as 10 percent down even with a credit score as low as 640.

But conventional loans aren't the only horse in the rodeo. Government-insured mortgage fare is also available from most any mortgage company that don't' require 20 percent down and perfect credit.

If you're a qualified veteran or active duty member of the armed forces then the VA mortgage is your best choice. This is hands-down the best mortgage choice for those who qualify... and with zero money down. FHA loans are also a competitive alternative for those with as little as 3.5 percent down and credit scores as low as 620. The United States Department of Agriculture, or ฝากขายทาวน์เฮ้าส์ USDA, also has their own version of little to no money down mortgages with competitive interest rates for select parts of the country.

Lenders do make loans to people with less than 20 percent down... they do it every single day. If you've heard otherwise, pay not attention to the airwaves or articles you read on the internet. If you want to buy then pick up the phone and start the process of getting approved. If you thought you needed a lot of money to buy your home then think again; there are lots of options available for you today.

Dream Design To Dream Home

There can be many advantages to commissioning a custom modular home, the first obvious one being the price. Everyone dreams of being able to save a lot of money, but in the world of homes that dream can become a reality. More and more people who are in the market for a new house are realizing modular homes are definitely the way to go. But while that is obviously a main consideration, especially in light of today's economy, there are other benefits that can be achieved too. It is possible to be completely involved from the very first day when choosing to purchase a custom modular home. When buying a regular house, you peruse local listings or visit realtors' offices, go and view the houses and say either yes or no.

With custom-built houses, things are completely different. If you have a plot of land available to build on then all you need to do is find a builder that specializes in the type of house you want. A lot of companies that build this type of house will also be able to help in procuring the land to build on also.

Being able to have a significant say in the design of your new house is also a plus factor. How many rooms you require and even what shape they are to be, is all up to you, the buyer. You can choose from a range of building and construction materials, and because the construction cost for these houses is usually always fixed prior to construction, prices are often guaranteed for longer periods of time. This is the complete opposite of buying a regular home from the housing market where the price can change from day to day.

The speed in which your house will be built will also have a considerable impact on the overall price. Because of the very nature of your new house, most of the main structure will be assembled in a factory and then delivered. Therefore you will, for the most part, be paying for factory work wages instead of the higher cost of professional on-site carpenters etc. In the long-term, because your house has taken a considerably less time to build, repayments on a loan or mortgage will be fewer, saving even more money.

คอนโด ราคาถูก All manufacturers of these houses will have a vast array of designs and standard plans available for people with no design experience or preference. It is possible with modern technology to have a house that is absolutely stunning in design, with vaulted ceilings, angle bay towers and steeply pitched roofs making the house look spectacularly modern, while at the same time traditional. All designs and style preferences can be catered for, and adjustments easily made in the planning process stage. It is even possible to start off by using a standard plan, and alter it to your own specific needs or requirements. Luxury fixtures and fittings, wheelchair accessible doorways and floor plans and even the landscaping of your finished garden, can all be decided upon before construction even begins, saving even more time and money.

Downsizing - Small is the New Flavor of the Year in Real Estate

Small is the new flavor of the year for the American real estate market. Property buyers in the US are increasingly looking for smaller houses as they are easier to furnish and heat, partially due to energy costs.

In June 2009, a survey conducted by the American Institute of Architects indicated that 50% of architecture firms found that their clients chose homes with smaller square footage, compared to 13% in 2005.

According to US Census data, the size of the average home fell to 2,200 square feet in 2008, the first decline in 13 years and is expected to fall even further in 2009.

The reversal from the McMansion trend illustrates the nervousness of Americans about the economy and the stability of their jobs as well as the restrictions lenders have imposed in the wake of the financial crisis.

Homebuilders are jumping into the mix too, with American companies such as KB, DR Horton and Meritage offering smaller starter homes to compete with foreclosures. In July, BusinessWeek featured an article on KB's new Open Series which started at 964 feet. In Tucson, the base model sold for $ 89,999, downsizing on bathrooms and hallways, but gave buyers options to increase the size by 40%.

In July 2009, KB claimed that the program created a 59% jump in sales since the first of the year. The trend in downsizing has continued to rise in popularity in recent months.

As potential home buyers continue to realize that prices don't always go up, architects and homebuilders are responding to how families and new buyers spend time and use the space, rather than catering to the desire for flash.

Two storey foyers are giving way to more modest entryways, stairs are being trimmed in size and buyers are more conscious of putting minimal space to use efficiently.

People are also staying single longer, but still have the desire to buy homes, creating an even bigger market for smaller homes. Santa Barbara-based B3 Architects are currently building a series of 800 square footers.

The most marketed-to-generation, the baby boomers, are getting in on the trend as well. With the kids away at college, baby boomers are increasingly in the market for compact one storey homes that are easy to maneuver in. KB is now offering twice the amount of single-storey layouts then it was a year ago.

According to Barry Berkus, president of B3 Architects, the housing that has been built no longer fits the needs of the growing market. Maybe that's why, even with homes sitting unsold, ขายอาคารพาณิชย์ we continue to build.

Downsizing - Small is the New Flavor of the Year in Real Estate

Small is the new flavor of the year for the American real estate market. Property buyers in the US are increasingly looking for smaller houses as they are easier to furnish and heat, partially due to energy costs.

In June 2009, a survey conducted by the American Institute of Architects indicated that 50% of architecture firms found that ฝากขายอาคารพาณิชย์ their clients chose homes with smaller square footage, compared to 13% in 2005.

According to US Census data, the size of the average home fell to 2,200 square feet in 2008, the first decline in 13 years and is expected to fall even further in 2009.

The reversal from the McMansion trend illustrates the nervousness of Americans about the economy and the stability of their jobs as well as the restrictions lenders have imposed in the wake of the financial crisis.

Homebuilders are jumping into the mix too, with American companies such as KB, DR Horton and Meritage offering smaller starter homes to compete with foreclosures. In July, BusinessWeek featured an article on KB's new Open Series which started at 964 feet. In Tucson, the base model sold for $ 89,999, downsizing on bathrooms and hallways, but gave buyers options to increase the size by 40%.

In July 2009, KB claimed that the program created a 59% jump in sales since the first of the year. The trend in downsizing has continued to rise in popularity in recent months.

As potential home buyers continue to realize that prices don't always go up, architects and homebuilders are responding to how families and new buyers spend time and use the space, rather than catering to the desire for flash.

Two storey foyers are giving way to more modest entryways, stairs are being trimmed in size and buyers are more conscious of putting minimal space to use efficiently.

People are also staying single longer, but still have the desire to buy homes, creating an even bigger market for smaller homes. Santa Barbara-based B3 Architects are currently building a series of 800 square footers.

The most marketed-to-generation, the baby boomers, are getting in on the trend as well. With the kids away at college, baby boomers are increasingly in the market for compact one storey homes that are easy to maneuver in. KB is now offering twice the amount of single-storey layouts then it was a year ago.

According to Barry Berkus, president of B3 Architects, the housing that has been built no longer fits the needs of the growing market. Maybe that's why, even with homes sitting unsold, we continue to build.

Down Payments: How Much Money Do I Need To Buy A House?

When you get ready to buy a house, how do you know how much money you should have ready? Most people know they need a down payment to buy a house. But there are other costs involved as well.

The first check you will write when you make an offer to buy a house is "earnest money." This is to show the seller that you are serious about your offer and wanting to buy the house. Earnest money is put into an escrow account until you find out if your offer is accepted. If it is, it will be put toward your down payment and closing costs. If not, it will be returned. There is not set amount for an earnest money deposit to buy a house. Some states have minimum requirements. There are also amounts that are customary in each local market, but they usually fall between 1 to 3 percent of your offer. If you are making an offer to buy a house that is likely to sell quickly, or if you are making a lower offer, a larger earnest money payment may help get your offer accepted. Your real estate agent should be able to advise you of an appropriate amount.

The next payment is the down payment, which is a percentage of the agreed upon price. The higher your down payment is, the lower your mortgage payments will be. Typically, down payments are 20% of the purchase price for a traditional mortgage. But it is possible to find mortgages requiring 10 - 15% when you buy a house. FHA loans for first-time homebuyers are 3% or less. If your lender accepts a down payment less than 20 percent, they will usually require you to purchase Private Mortgage Insurance which is added to your mortgage payment. ทาวน์เฮ้าส์มือสอง ราคาถูก This is to protect the lender if you default on the mortgage. PMI can usually be cancelled as soon as you have built up equity equal to 20 percent of your home's purchase price.

The third payment you will make is for the closing costs which cover the paperwork needed to buy a house. This is collected when you sign your final papers for the house. Closing costs are on average between 3 to 4 percent of the purchase price. You should get an estimate of these costs when you apply for a loan. First-time homebuyers may be able to get some of these costs covered by HUD or the seller.

So let's look at numbers. If you are making an offer of $200,000 to buy a house, you will need an initial $2,000 (minimum) in earnest money, $40,000 for a down payment at 20% and $6,000 in closing costs. That's in-pocket money of $48,000. If you are making a purchase with FHA or HUD assistance, that amount can be as low as $14,000.

In my next article, I will talk about where you can find that money to buy a house. Stay tuned.

Double Dip Recession Sees People Resigned to Renting But Some Still Aspire to Be Homeowners One Day

A recent survey has found that 41% of British adults who are not already homeowners do not expect to be able to purchase a property during their lifetime.

Don't Stop With a Blueprint

A good, solid plan is generally needed when starting out on a new venture; whether it is a move, new career, starting a business or going on a trip, etc. Planning is a good way to make sure the desired result is achieved through our actions. In order to make actions produce what we want, we must plan to the best of our ability. However, a plan is just that until it is put into action. Talking and laying out ideas is good, but at some point, action must take place.

Blueprints are a useful and necessary tool in preparation for construction of a home. They lay out the structure of the property and provide a great visual for the people building the house. A blueprint is just a blueprint though, if the house never gets built. It is a great thing to have, but it is not an end result. Without taking action on the blueprint, and not building the house, nothing really gets accomplished. We can't live in a blueprint, afterall. Without taking action, a plan is ultimately useless. For example, if one sets out to find a new career, a plan must be put in place as far as taking action steps needed to reach our goal. When a person sets out to find a new career, they must update their resume, network with people, gain new skills or training and finally search and apply for jobs. If most these action steps are not actually done, finding a new job or career will not happen.

Why take the time to plan something that you truly want to pursue, just to let it go by the way side, because of fear, laziness or procrastination, etc? If so much effort is put into planning something that is of interest, inaction is not just foolish, but also a complete waste of time and energy. This does not relate to situations where a person realizes they do not actually want to pursue what they had originally planned on. If someone is planning ทาวน์เฮ้าส์มือสอง ราคาถูก to start a certain business, but realizes it is not a responsible business to go into, it is certainly okay not to follow through on a plan. However, after much planning, if the goal is still longed for, not acting on it will just make the plans go to waste.

Remember, a plan is just a plan without action. A house that never gets built makes the blueprint void. In order to get to our ultimate goals, we do need to start with a solid plan. However, the plan is useless in the end, if action is not taken. Make sure to plan, then act. Don't stop with a blueprint.

Don't Just Buy A House: How to Choose a Home

Do you know how to choose a home that really suits you? Is it a feeling you get or is it a matter of simple requirements that must be met?

Over a year ago, my husband and I decided to casually look for another home and move only if we found the "right" place.

This was, at first, mostly Rob's idea. I had moved, on average, every three years since college, and I was not anxious to do it again. When we got married, I sold my place and moved into Rob's house, so the idea of choosing a house together appealed to both of us.

And, the man wanted a pool. On our honeymoon, the hotel had a pool, and Rob could have stayed there morning to night. While many people would run from a house with a pool to avoid the maintenance, it so happens that cleaning a pool will คอนโดมือสอง be right up Rob's alley. It appeals to his slightly obsessive nature when it comes to cleanliness. I can see it now: he's wading around the pool and using his fingers to remove, one by one, any leaves, bugs, or debris that happen to be floating around.

Online searches of houses in our price range yielded a lot of very ugly, poorly-maintained houses. We weren't about to shy away from a fixer-upper. But, in the right neighborhoods, even they were scarce. Then, one week when I was away on business, he went to look at a place. Two weeks later, we were under contract and two weeks after that, we closed on the property.

So, what was it that made this place "the one" for us, rising above the hundreds of other houses we'd seen online or in person? What we learned in our search led us to what we think is our forever home, and you can do it too.

How to Choose a Home

1. Location, location, location! You can change many things about a house, but you can't change the neighborhood. Pick a neighborhood that fits the lifestyle you want. For example, we are both over 40 with no intentions of having children, so we were keenly aware of backyard playsets and treehouses during our search. Not that kids aren't great, but we were looking for a quiet, calm setting that would match our desired lifestyle. We ruled out a couple of places because the surrounding houses looked badly in need of maintenance or had disabled cars parked in the driveway. To us, that says a lot about the neighborhood. Specifically, it says, "Don't buy here!"

2. Have a vision. Look beyond ugly paint colors, carpeting, and furniture. Not everyone understands the importance of staging a home for sale, and some people just think their ugly stuff is the cat's pajamas. So, deal with it. It's their home, not yours. Once it becomes yours, the dated furniture, dust-collecting figurines, and creepy doll collections will be out of there. If you're not afraid to open a can of paint or pull up some carpet, you'll reap the rewards by having a blank canvas to create your own look and feel.

3. Bring a contractor. Bring an expert with you for a second look at a house you like. Remember that vision stuff? It applies to other things like the layout of the house, kitchens and bathrooms. For instance, we like the charm of older homes, but the layouts can be "choppy" with smaller rooms. When our contractor told us that it would be easy to take down a couple of walls here and there to create a more functional space, we started to consider the house more seriously. Without his expertise, we would have missed the potential of our new home.

4. Invest wisely. When you buy a home, you and your mortgage lender will look at "comps", or the values of comparable homes near the one you want to buy. If you decide on a fixer-upper and you want to invest $25,000 in renovations, add that amount to the sale price and see if it matches up with the comps. You don't want to have $400,000 invested in a home if others around you are selling for $250,000.

5. Focus on the positive. Don't get hung up on the fact that the bathroom doesn't have a double vanity, but focus instead on what the house does have that can contribute to the lifestyle you want. When we looked at our new home, we tried to "divorce" the house itself from the outdoor space for an objective evaluation. But, we couldn't. When we considered the sparkling pool, stunning landscape full of specimen plantings, and the huge sunroom overlooking it all, we knew we had to have this house. We spend so much time outdoors most of the year that for us, these features far outweigh the small bedrooms upstairs or the lack of garage.

6. Don't ignore your gut. Some houses we toured just felt a little cold. If you don't know what I'm talking about, go visit a home that was abandoned in a foreclosure and has sat vacant for many months. Other homes, for reasons unknown, had a different vibe. They felt like happiness had lived there, and we should too. The "warm fuzzies" matter, so pay attention to them!

7. Be patient. It took us more than a year, and that's all I have to say about that.

Don't Take A Hunch - Crunch!

For today's article, I would like to share with everyone my top 10 general calculations to perform before investing in any real estate:

Loan-To-Value (LTV):

Unless you have enough money to pay off the entire property, you'll have to consider taking out a loan for your real estate investment. Therefore, one of the more critical ratios to consider is the LTV because it'll affect the total amount you'll pay to borrow the funds. In general, high LTV values are classified as "high-risk" and borrowers would typically either be charged more, or be required to purchase mortgage insurance, thus increasing your overall operating expenses.

Formula: Loan Amount x 100 / Market Value = LTV

Net Operating Income (NOI):

Any successful real estate investor would tell you the importance of calculating NOI. Not only does it take into account the properties annual gross income less vacancies but also bad debt and total operating expenses. For those unaware, gross income includes any income associated with the property (e.g. rental, parking, laundry); operating expenses pertains to all costs incurred during the operating and maintenance of the property (e.g. repairs, insurance, utilities, property tax, management, etc).

Formula: Gross Income - Vacancy, Debt, Total Operating Expenses = NOI

Capitalization Rate (CR):

To determine the value of income producing properties, many investors calculate the CR as a gauge to estimate the purchase price for different types of income producing properties. In general, the higher the selling price, the lower the cap rate and the lower the selling price, the higher the cap rate.

As an investor, you would want your cap rate (%) as high as possible.

Formula: Net Operating Income / Sales Price (Value) = CR

Gross Rent Multiplier (GRM):

One of the easiest ways to determine a rough estimate of a property's value is with the use of the GRM which only requires two pieces of information - the sales price and the total amount of gross rent possible. You could calculate the GRM on a monthly basis, or yearly, and it'll give you a good gauge on how much cash flow the property is capable of producing.

Formula: Purchase Price / Annual Gross Rent = GRM

Debt-Cover Ratio (DCR):

The DCR is another vital ratio used to measure a property's ability to pay back its mortgage and other operating expenses. From an investor's perspective, the larger the DCR value, the better and a DCR ratio of 1 equates to "break-even." Typically, many lenders and banks require a DCR value of 1.1 - 1.3 prior to approving loans.

Formula: NOI / Debt Service (Total Principal & Interest Annually) = DCR

Break-Even Ratio (BER):

The BER is used to compute the ratio between a property's cash out flow and rental income to determine what percentage is outgoing compared to income. Typically, many lenders and investors look for a BER value of <85%. Reason being is that they want some type of assurance should rents decline ~15% before the property breaks even.

Formula: Debt Servicing + Annual Operating Expenses / Gross Operating Income = BER

Return on Investment (ROI):

To be a successful investor, you must determine your ROI to ensure that you receive profits from your investment(s) after deducting all associated costs and expenses. Not only would the ROI help to evaluate the profitability of an investment but also its efficiency and effectiveness in relation to other properties or investments.

Formula: Gain from investment - Cost of Investment / Cost of Investment = ROI

Cash-On-Cash Return (CCR):

The CCR is a percentage measuring the return on the cash invested in a rental property.

Formula: Cash Flow Before-Taxes / Cash Invested x 100 = CCR

Appreciation (A):

Of course, not all real estate investments will be short-term flips. There are some properties that you'll want to hold onto for the long-term in an effort to take advantage of appreciation because you feel that these properties will be worth much more in the future. Rather than getting instant gratification through a quick sale, you could keep the property and gradually make improvements in an effort to increase rent. Remember, many investors would gladly pay more for a property with a high ROI and appreciation.

Formula: Future Resale Price - Original Sales Price = A

Depreciation (D):

Depreciation is another important consideration when investing in real estate. To calculate basic depreciation, investors must know the initial cost of the asset and it's salvage value, including estimated "useful life."

Formula: Cost - Salvage Value / Estimated Useful Life = D

To illustrate, let's say that an investor purchased a property for $100,000 and it's useful life was determined to be 10 years, then the property depreciates in value by $10,000 annually.

Henry Ford once said that "the best we can do is size up the chances, calculate the risks involved, estimate our ability to deal with them, and then make our plans with confidence." By using the 10 calculations ฝากขายคอนโด mentioned above, you could crunch the numbers to eliminate the guess work with any real estate investment and approach each deal with confidence!

Don't Mix

Low down payment loans can make a lot of sense, especially so when funds are hard to find! While conventional mortgages will ask for a minimum of 20 percent down to avoid additional loan costs it's not a universal requirement for owner occupied properties. In fact, conventional loans can be for buyers with as little as five percent down or even less in some circumstances.

Don't Scrimp on Due Diligence When Investing in Apartments

One of the key phrases we all hear, as apartment investors, is when you are investing in apartments บ้าน มือสอง (or other real estate properties) you "lock in your profits on the day you close on the deal". This of course is not completely accurate but it makes the point of once you sign the documents you are committed to this property at whatever price you paid. One of the best ways to prevent those surprises and to continue to be satisfied with your purchase after the closing day is to perform a full and detailed " due diligence inspection " before you make the final commitments.

Many apartments are purchased with the false assumption that the information you are given by the seller or their broker is accurate and complete. Am I saying they are purposely lying to you? Not necessarily. But I am saying every buyer needs to know and remember that the seller is simply not looking out for your best interests. Their packet of selling info could easily miss items (as often does) or miscalculated items (as often does) and it is up to you as the buyer to determine the full and accurate picture.

So, whenever both parties sign a purchase contract the clock starts ticking. The buyer will typically have around 30 - 60 days (after receiving requested info from the seller) to perform his due diligence and inspections which will determine whether the sale will proceed as originally planned or changes are required. But the point is that this is a finite period of time. So, lets talk about what is imperative to include in your due diligence process.

Item 1: Walk it out - you or your inspector need to walk inside every single unit. Many times you are encouraged to simply see every other unit or one unit per building but those are false assumptions. It is vital to walk inside every unit and take notes on condition of flooring, walls, appliances, cabinets, air conditioners, etc. The condition of each unit can change dramatically so do not take the gamble of missing the one unit that was the worst one. Walk all units, take lots of notes and make yourself aware of needed repairs.

Item 2: Talk to everyone - one of the benefits of you participating in the inspection is being able to talk with every tenant you can find. This does not need to be an interrogation but rather some basic questions about their experience at the apartments such as (I) how long have you lived here, (ii) how do you like living here, (iii) have you had any big maintenance issues, (iv) do you have good neighbors... you get the picture. The tenants will tell you lots of things that you will never hear from the sellers.

Item 3: Walk the exterior - the exterior is just as important as the interior. Take a full inspection of the condition of the roof, gutters, exterior walls, landscaping, windows, decks, parking lot, storm drainage, foundation, sewer system, etc. Now I realize many, if not most buyers, will not have the background to know when something is a problem. However, good common sense goes a long way, so you are probably more qualified than you give yourself credit for. If you are paying for a professional inspector then I encourage you to walk with them and ask questions. If you are just reading his report without the benefit of walking the property you cannot get the full flavor of the report.

Item 4: Financials & Documents -

Ask for everything and question everything. This may sound tedious but you really need to check all the details. Get a copy of every lease agreement and make sure it is current and has no special promises. Review the financial reports (if they have them) for the past three years and look for unusual changes. Compare the financials to their tax returns and to their checking account. Do rents received match deposits made? Do expenses paid match checks written? Cross reference as much as you can to get an idea if the financials make sense. Watch out for economic vacancy. If the property has a lease for every unit then they say it has 0% vacancy. But, if some tenants were given 1 months free rent as incentive and some tenants have not been able to pay the full rent then you have "economic vacancy". Be on the lookout for this condition. Verify everything - utility expenses can be confirmed with a request of records from utility companies. Property taxes can be confirmed with city and county records. Your insurance rep can provide a quote for the new policy. The existing insurance company can provide records of previous claim incidents. Independent contractors (e.g. landscaping and pest control) want you to retain them so they will provide their cost info. You get the idea. Capital expenses - when money is spent on the property it can either be charged as a normal operating expense (like fixing a toilet) or put on the balance sheet as a one time Capital expenditure (such as roof replacement). Sometimes, the owner is tempted to put normal expenses on the Capital Expense side which in effect reduces their daily expenses and makes it look like they have made more money. So, request a list of their capital expenditures and make sure they are in the correct category.

This list does not cover it all, but if you follow this checklist you will certainly know on the day of closing what you are buying. Take the time to stay involved in the Due Diligence process and you will be a happy buyer. Have Fun.

Don't Waste Water - Consider Recycled Grey Water Systems When Building Your New Home

There are a lot of ways that building a new home could be environmentally friendly. On the surface, it may seem like you're not being very conservative, that you're building something 'new' requiring fuel emissions, manufacturing, and so on. But the right new home project could actually be very environmentally friendly. Here are some things you could do to make sure your home is friendlier, especially in terms of water conservation.

Utilize Grey Water Systems & Conserve Water

Re-using some of your household water is a great idea. There are innovative ways that can help you conserve water and other resources. When building a new home, your house plan designer can help you effectively plan for this as well. Some innovative products can be integrated into your home, such as water collection tanks, waste water treatment systems, and other products that reduce water waste.

Your appliances can be energy efficient and help you conserve water as well. Today's dishwashers, high efficiency washing machines, and water conserving toilets that use less water to flush are all things you could utilize.

Beyond water conservation being a factor in your new home, there are some other areas you can help with as well:

Change Your Habits

Small things, over time, can make a big difference. Not letting the water run excessively, not watering the lawn if it's going บ้านมือสอง ราคาถูก to rain tomorrow, not running the dishwasher for half a load, and other things all add up in terms of saving money and reducing your carbon footprint.

Use Greener Building Products

Not all building products are created equally. Some products are eco-friendly than others. Sustainable building is big business so you should have a good number of choices for buying products that are on the 'greener' side.

Work With Environmentally Conscious Builders

Builders who are well versed on various things, such as grey water systems, green house plans, and creating more energy efficient homes are in demand. More people than ever want to know more than the price of building a home. They want to know that the builder will help them build an energy efficient home for the sake of the environment and their utility bills. They need these builders to construct their houses with the best and top quality given. When an individual is working with a builder, they also make sure that these are earth friendly and can meet with their expectations when they start building one.

Don't Let The FLASH Hide The TRASH: What To Look For When Buying A Mobile Home

In today's economy, a person looking to buy or build a house would be smart to consider the option of purchasing a manufactured home. Most companies that build these "mobile homes", as most of us know them as, have started using the same building materials and techniques that goes into designing and building a site built house. However, there are some companies still using the same materials that were used in the 1960's and 1970's. The only difference is, they hide this fact with bright colors, fancy wood work, nice furniture, and fast talking salespeople. If you are looking to buy a mobile home, I am going to share with you three main questions that you need to ask to make sure you are not buying a "Flash and Trash" home.

What material is used in the floor decking and roof decking? If you get the answer "Nova Board" to this question, walk away as fast as possible. This material is basically saw dust. It comes with a 1 year warranty at most. This means at some point in the future, you will be replacing the floors. You might get the answer "Plywood". Even though plywood is a better product compared to nova board and comes with a 7 year warranty, salespeople tend to really up play the quality. The reason why is because there is a better product out there called "OSB Marine Grade". This is the answer that you want to hear. OSB is made in a single layer, where as plywood is made in multiple layers glued together that tends to come apart when it gets wet. Marine grade OSB is coated in a water resistance resin to prevent water damage, and for that reason, comes with a 25 year warranty.

What zone value is the insulation? Each state has a zone value when it comes to insulation. Most states are either zone II or zone III. If you live in a state that requires at least zone II, such as Kentucky, that does not mean you have to settle for zone II. Not only can you upgrade to zone III, doing so will save you quite a bit of money each year on your electric bill. The savings in electric will actually pay for the price of the upgrade in the first or second year.

What type of windows does this home have? There are three major answers to this question, "Double Storm," "Thermopane," and "Low E Thermopane". The double storm has been said to have the same energy saving qualities as the thermopane. The problem is that the double storm is a metal trim window. This will ฝากขายอาคารพาณิชย์ cause condensation between the two panes of glass. A thermopane window on the other hand, is a vinyl window which will prevent most condensation. Also, the bottom pane of the window folds in for easy cleaning of the outside pane. The best of the three is the Low E Thermopane window. It has the same qualities of the regular thermopane, but includes a coating that blocks UV rays from heating up the air in the home. It also stops the UV rays from fading your furniture and your carpet.

When it comes to buying a mobile home, you can't go wrong as long as you ask the right questions. Just about anything you ever wanted in a house can be done in a mobile home these days like drywall, fireplace, and wood cabinets, but you have to take care of your insulation, windows and floors first. Everything else is just luxury.

Don't Buy A House Until You Read This

Your head can quickly begin spinning when it comes to buying a house. There are so many things that you need to know and learn. One wrong decision can lead you down an expensive path. As I'm sure you already know this is not something you'll want to take lightly.

Learning as much as you can will save you from the wrong choices and doing your own research will help you to ask the right questions from the experts. This will also ultimately prevent you from costly mistakes. The most important aspect of buying a home is finding one that is within your budget.

Obtaining a pre-approval will tell you just how much you can borrow. It will not only tell you how much you can borrow but it will also help you to close on your house faster and give you the power to negotiate the price of a house. These are all equally important.

In order to determine how much you can borrow your finances will be carefully examined. Your monthly expenses will be taken into consideration. You will need to have all of the documentation readily available for the mortgage specialist. บ้านมือสอง

Once you know how much you can afford you can begin looking for the right loan. Taking your time to choose a loan that fits into your life is extremely important. It can become overwhelming with the many different types of loans that are available to you, but it is worth spending time to understand your options in order to find the most suitable loan. A mortgage specialist will help you to uncover the right choice for your New Zealand home loan - if it's a table loan with a fixed mortgage rate or a split mortgage.

After obtaining your pre-approval you can begin looking for a house. An experienced real estate broker will help you to find a house that offers you the things that you want. But also help to reduce the risk of you buying a house that is a lemon by putting you in front of the most qualified and affordable inspectors.

Remember there is no rush to buy a house. You'll want to take your time to understand the entire process especially the loan process. This 30-year commitment can make your life difficult if the wrong decision is made. Be sure to find the best mortgage lender on the internet that has good reviews.

Don't Count on Rentals for Cash Flow

If you're interested in owning rentals (and you should be) let me share a very important fact:

Owning rentals is expensive.

I hear over and over from investors that they plan to own rentals for the cash flow. Fabulous plan! I agree! But, in the beginning of your investment career, Warning: owning rentals is typically more of an expense than an income. They really only cash flow well when paid off. Even if they appreciate in value over the years and you're able to raise rents and pay down your mortgage, your taxes and interest payments go up and your monthly mortgage payments do not decrease.

Now don't think I'm anti-rental - quite the opposite! In fact, I own a bunch of rentals and I believe that EVERYONE should own rentals. Yes, property upkeep and dealing with tenants can be a hassle, but the rewards FAR outweigh the hassle.

So what makes holding rentals an expense?

Some of the expenses of holding include:

Vacancy - tenants move out and you begin paying mortgage, taxes, insurance, utilities, yard maintenance, etc. Repairs - when tenants live there as well as when they move out. Face lift (carpet, paint, appliances, etc.) when tenants move out and you prepare for new tenants. Some of the main advantages of holding rentals:

Monthly income for later in life - especially retirement income (no need to rely solely on government assistance) Tax write offs for now - if you plan to do flips and wholesales, you need write offs or Uncle Sam will take a huge chunk of your rehab profits. Even if you're not a real estate investor, holding rentals gives great tax advantages to offset your W2 income. It's a wonderful thing to provide housing for the public. Public assistance is one of the reasons Uncle Sam encourages providing housing (rentals) by offering tax write offs to property owners. Finally, to get the most out of your rentals, a primary fact to focus on is the same as for any other investment property:

DON'T OVER PAY FOR THE PURCHASE

We will pay more for a property we plan to hold long term than for a property we plan to renovate and resell immediately, but we still need a significant discount off of the retail price so that our rental can be as profit performing as possible right from the start. Also, being able to reduce rents yet still cover all/most of our monthly property costs was one of the things that helped us survive the ทาวน์เฮ้าส์มือสอง กรุงเทพ 2008-2010 market downturn.

During the economic downturn, many of our tenants found themselves needing a less expensive place to live. We never want to lose a good tenant, so being able to reduce rent to keep them was often better than having that tenant move out. Don't forget, a vacant property will cost you (see "expenses of holding" above) and rather than spending $1000-$2000 (or more) for the vacancy, we could lower rent by, for example, $50 per month to keep the tenant and still come out better over a 12 month period. Plus, when a good tenant moves out, you run the risk of a not-so-great tenant moving in!

Yes the 2008-2010 years are behind us, but an economic downturn will hit again. Real estate is very cyclical.

How much do I recommend paying for rentals? My personal rule-of-thumb is that, after purchase and repair, I don't want more than 80 percent of the retail value in the property. Having at least a 20 percent discount off the retail value also protects you when market values drop again. You never want your house value to drop below your purchase amount.

In summary, own rentals . They're the long term cash flow we all need and want. But plan on the cash flow advantage down the road so you're not disappointed when you can't quit your W2 job after purchasing a few rentals. For today, love your rentals for the tax breaks they provide. True cash flow comes later.

What can you add to the pros / cons of owning rentals?

Don't Get Bumped on a Short Sale!

Many buyers in today's market are writing offers on properties being offered as short sales. A short sale transaction is the process of selling a home owned by a party who owes more on the mortgage(s) than the home is worth. The lender for that home must agree to accept less than they are owed in order for the house to sell. This process can take weeks or months, depending on the lender. These transactions are typically negotiated by the listing agent, an attorney or a private short sale negotiator.

Dome Homes For Avoiding Maximum Damage of Earthquakes

Weather is an all time natural disasters waiting to happen. No man has any control on it, all he can do is prepare the best of systems to warn before hand and with that warning prepare for the best of alteration programs to ensure safety. Depending on the locale you reside in, the risk of tornadoes, storms, hurricanes, and earthquakes varies. Grim news shows how people in such places with homes in a vulnerable condition have lost everything, and if they are lucky, have escaped with their life.

Don't Invest In New Launch Real Estate Until You Know These!

With another year ahead of us, we also look forward to new opportunities coming our way. And with booming cities and rapid land development worldwide, new launch real estate is certainly not exempted from these bountiful possibilities. Now is a great time if you're looking to engage in this kind of investment.

Don't Hunt for a New Home - Build Your Own Dream Home!

While buying may seem practical in the short term, building a house can provide more benefits, in the long run, especially if you choose the right builder. Building a house is much more beneficial than buying one. There are seven reasons why you should consider building your dream home instead of settling for an existing property:

1. Save time - Several factors could influence your house hunting experience, and these include the location, price, condition of the house, negotiations with the previous owner or the bank, and legal issues. You have fewer things to worry about when you decide to build your home. There are builders that can help you find the right financing, too.

2. Get what you want - Searching for the perfect house can be difficult. Even if you think that a property is great, there will often be something in that place that is not quite right. Building your home ensures that you can get exactly what you want in your dream house. Hence, you can be sure that everything is perfect for you and your family.

3. No repairs - Because it is new, you do not have to worry about costly repairs, maintenance, and renovations. If you need extra rooms, you can let the builder know during the design process, so they can incorporate it to the new plan and give you exactly the house you want.

4. Modern build and design - Everything about your dream home will be planned and put together in your way. You can be sure that the property is designed to suit you, your needs, and your lifestyle, and that it complies with the standards of modern design. A modern build may provide helpful features like environmentally friendly doors ทาวน์โฮมมือสอง and windows and an energy-saving layout.

5. Build wherever you want - Location is one of the biggest aspects of selecting a home. When you build a house, you can decide where it should be. Do you want to be close to your parents' home, schools, offices, and shopping centers? You have full control.

6. Everything is up to you - Choose your own interior, appliances, design, and fixtures. Moreover, you get to experience a better sense of ownership when you build your dream home.

7. A worthy investment - Building a new home is always a good idea if you intend to sell it in the near future. It will fetch a better resale value because it is less likely to be outdated.

Don't Buy Homes Near Planes, Trains and Automobiles

Ever notice that many of the houses near airports, highways, and trains tend to be really cheap? Well, they are actually cheap for a reason and you might consider avoiding them altogether, even if you are on a tight budget. Here are some reasons not to buy homes near planes, trains, and automobiles.

Never live near an airport

Airports are another place to avoid because they come with lots of noise and even potential danger. Watching the planes and land take off may seem fun for a while, but the noise will be overwhelming. Even if you're not in view of the airport, consider the flight path of the airplanes. The noise of airplanes constantly flying over the home can be overwhelming. Most people will not even consider buying a house near the airport and the value of the house will also reflect that.

Stay away from trains

It is recommended that you never buy a home near train tracks or train stations. Most houses near train tracks and stations are offered at lower than average prices, which makes it sound like a deal at first. The thing to remember is that you might not be able to sell the house easily at a later time and it may not have a much higher value either. The reason why being near a train is considered a negative situation is because they are very noisy all throughout the day, they bring in pollution, and train stations might also bring along some unsavory characters.

Avoid major highways and streets

You would ทาวน์เฮ้าส์มือสอง ราคาถูก think that it would be really convenient to live near a highway because it would provide easy to access the city, but it is probably one of the worst things you could do. Major highways and streets are very noisy and congested areas filled with cars at almost all times of the day. You will not be able to rest or go outside without being bombarded with noises and it is also quite dangerous. Since your house is near a freeway or busy street, there is always a chance that a car could damage your house or potentially hurt your children or pets. It can also bring along some criminal activity and a lot of strangers to the neighborhood. Houses near highways and streets could be difficult to sell and might not retain their value.

Other places to avoid...

In general, it is best to avoid areas near chemical plants, factories, prisons, or military bases. All of these places come with some issues that most people do not want to deal with and it could make it very tough for you to sell the house in the future. Houses near any of these places tend not to have much value either.

Although houses near any of these locations may seem like a deal in the beginning, they are really a headache waiting to happen. They are hard to sell and do not retain their value just because most of them are noisy and dangerous areas. The bottom line is that you should carefully consider your surroundings before you buy any house.