With the rising cost of properties, It has been harder than ever to buy a new home. Of course, people cannot do without a roof, and there comes the choice of rental properties. Finding the right home isn’t going to be easy, especially in US and Canada, where landlords are charging insane prices for almost every single home. As a smart tenant, you have to go a step ahead and decide on certain things before narrowing down to certain choices. In this post, we will talk of some of the things worth considering before you find your rental property.
Start with an online check
Gone are times, when you would need to spend hours on the weekend trying to find ads for rental homes! Thanks to the internet, things are much easy today, and you can find some amazing sites that enlist rental properties for most states and areas of US. You can check properties based on your needs, and it is very easy to sort a few options. Some of the
Whenever you look at a new house, you need to have a checklist to see whether it would be suitable for you. A sample checklist of the points on the basis of which you should analyze your house is listed below:
i) Proximity to the bus-stop / railway station/ airport.
If you will be using the public transportation to your office everyday, then this point is all the more important. If you will be taking constant business trips, then proximity to the airport may also be something to consider. Even if you are not going to be using the public transport system, you should consider these points as it is these areas that appreciate in value a lot.
ii) Proximity to schools and colleges.
Even if you don’t hear any babies’ gurgling sounds now, you may be thinking and longing for that very soon. So, do make sure that your house is near a school. If a college is also in the vicinity, then it is all the better. However, by the time your child enters college, he
Basic Real Estate Statistics Explained
We are going to define some of the basic real estate statistics that get thrown around on a regular basis. To do that, we will use one real estate market, located in Hood County Texas. Even more granular, we will use the single family numbers for homes in Granbury Tx, a small town of approximately 8,000 residents which has seen substantial real estate growth in the past 12 months. It is important when reviewing real estate statistics to use a group of numbers large enough for consistency, but granular enough to tell your story.
The statistics that we will be referencing are true and accurate for the year discussed but are being used to define the real estate statistic itself.
We have chosen Granbury Tx as our example because the growth of the local real estate market there make the statics stand out.
Anytime you are evaluating statistics, especially in real estate, the source of the numbers are extremely important. In
Renters are often given advice, but property management is not normally on the checklist for them to consider. Without quality caretakers, however, a rental home is unlikely to be a positive experience. Attention to detail and a consistent, responsive attitude toward addressing complaints are the marks of a high-quality supervisory company. Families considering a rental normally consider several factors, including location, proximity to work, good schools, and public transportation. Budget is another important topic, as is the condition of the rental itself. Even a low-cost apartment close to work and school isn’t a pleasant place to live unless the building and grounds are kept in good condition and repairs and other issues are addressed quickly and consistently. This is where the property management company becomes important.
Prospective renters can begin their inspection before even entering the apartment. The landscaping is a reflection of the care the building receives. Grass should be neatly trimmed, bushes should be kept cut back, and flower beds mulched and neat. The outside of the building, common areas, and hallways should be clean and well maintained. In winter, sidewalks and pathways should be safely cleared of ice and snow. Paths and curbs
Suppose you are going to court to evict a non-paying tenant. This should be a no brainer. But in this case, the tenant had a countersuit, claiming the house needs repairs. Watch out!
We had a recent case like this. This was an older house and did need some things done to it. But the condition of the house was acceptable to the tenant upon move-in, as was so indicated on the inventory. Four months after move-in, the tenant stopped paying rent. He did not have a job, and had no money. We sent him the demand for possession and he wrote a letter back suggesting that we apply his security deposit to the rent, which we will never do. Also, in his letter he listed some dozen maintenance issues. Most of them were either false or gross exaggerations. Clearly, he was trying to mitigate the fact that he was in breach of contract for nonpayment of rent. This overused tactic seldom works, and most judges see through it. Nevertheless, in good faith, we attempted to address some of the legitimate issues. He made it difficult for the vendor to access the property, so we got
Commercial real estate loans are considerably different when compared to residential loans. They actually are much more complicated as they carry terms and conditions that are very different when compared to that of residential loans. This is one of the reasons that most of the investors fear to venture in the commercial real estate market.
Smaller investors of residential real estate are typically limited to somewhere around four to ten properties that are valued in between hundreds and thousands of dollars before the lenders conclude that it’s the sufficient risk level and no further loans will be made. The loan requirements for commercial properties can significantly vary between the private lenders and banks. Also, the loans that are held in the portfolio of a single lender may vary based on the risks perceived by the lenders.
Commercial Bank Loans
Normally, the banks want you and you and your partners to come up with a minimum of about 20 – 25% of the property value as the down payment. For instance, if the property value is about RS 4 Cr, you’ll have to contribute about RS 80 Lakh- 1 Cr as the down payment.
With numerous start-ups coming up in various industries like ecommerce and technology, it has emerged as a hot spot for start-ups in the past few years. The National Association of Software and Services Companies (Nasscom) reports that, the number of start-up companies at the end of 2015 was 40% more than that of the companies at the end of its previous year. It also says that, start-ups these days have received heavy investments which have helped them become more enterprising. If you are starting a new business and are looking for an office space to start your operations, here are a few things you need to consider while choosing the office space.
Size and Location: Location is the first and foremost thing that you need to be concerned about while selecting an office space. It has got lots to do with your business; it’s always a plus to have an office space in a central business district or the prominent commercial area of a city. Though it calls for a higher expense, it can certainly be a good investment in the long run. Also, if you are a growing start-up, you might have to add few more employees, so consider opting
It’s really a lengthy and complicated process to find an ideal commercial space for your business, and if it’s not pursued in a proper way, it can cost you lots of money and also end up in a contrary place. So, when it comes to leasing an office space or any other commercial space for your business, it’s very important for you to have a strategy and ensure that you are making a good decision based on the needs of your company. Below mentioned are a few most common due diligence mistakes that the tenants should be careful about.
- Incorrect Property Valuation: One most common mistake made by tenants while leasing a commercial space is that they don’t valuate the property correctly. This might lead to lots of misunderstandings which would finally end up with a wrong deal. So, just make sure that you really are conservative when it comes to underwriting a deal. Check for sales competitors and other properties available in the market by getting in touch with the most active commercial agents.
- Not Understanding Lender’s Underwriting Requirements: Before spending your valuable time, money and energy conducting due diligence, make sure that you have a prior discussion
For most of the start-up companies, finding an ideal office space can be a tiring task. Many commercial real estate agent and the landlords out in the market demand for a lease term for about 3-5 years along with all the personal guarantees needed to secure an office space. Of course, it’s their property and they always look for security. But this doesn’t seem like an ideal way to lease/rent office as the start-ups usually will not have long term plans and they try to avoid the extra liabilities. It’s always better to think creatively about the office space needs, as it can be a great way to save your time and money.
Co-working Space and Shared Office Space
One great way to do it is to opt for co-working space; the flexible space that allows you rent for days, months or years. As the digital-based companies are increasing these days, co-working spaces can be a great solution for start-ups which don’t have a big footprint, and those who want to interact with other likeminded people. One of the biggest advantages of co-working space is that they foster collaboration.
Another great alternative for leasing
Living in the cold, wet northern hemisphere is not for everyone, and even those who enjoy the chilly temperatures and snowfall need to take a break in a warmer climate from time to time. Taking a vacation, however, especially for those with large families and individuals who work full time, isn’t always an option. Travelling expenses, along with planning a week’s worth of activities, and trying to accommodate everyone can sometimes be more of a headache than a vacation. A vacation-like ambiance can be made right at home, and doing so is a breeze with the help of a greenhouse and an expert team of designers.
Greenhouses are made almost entirely of glass windows and skylights, which allows the sun to warm the interior, making a tropical climate for both humans and plants. Overheating and sunburn will not be an issue, as long as proper glazing options are considered. Incorporating low emission glass coatings, such as LoE 366, will produce a highly efficient glass structure that will block harmful rays in the summer and insulate during the winter. Ventilation will be crucial to ensure air circulates and does not become stagnant. Ridge vents, eave vents, and
Whether you are considering a home renovation or exploring designs for a new house, one of the common suggestions that you will get both from architects and engineers is to make it adaptive and earth-friendly. For those who may not be too inclined on the technical details of home designs, “adaptive” and “earth-friendly” are just words, that also often appeal to be expensive and complicated to achieve.
However, with the ever changing trends in home designs, we need to start equipping ourselves with knowledge on economical yet safe home design choices. With this, we will try to look into the basic concepts of earth-friendly and adaptive homes – two concepts that are closely interrelated.
Earth-friendly Home Designs
These designs are born out of the campaigns of several countries for an environment-friendly lifestyle or sustainable living, which of course includes house designs. Along with this, professionals in home construction and design have also innovated their skill set to meeting these new standards.
When we speak of environment-friendly home designs, this has a lot to do with the materials used to build or renovate the house. For instance, some architects have been practicing the use
Designers across the globe value the pre-design process to establish the interests of the client, emotional expression and psychological needs. But a clear imbalance still exists…
Care needs to be taken with all material types and attention given to treatments and processing in product manufacture. A pungent chemical, Formaldehyde is used in the manufacturing of many products, including synthetic carpeting especially underlays, particleboard, insulation, paints, adhesives, plywood, foam cushions and cosmetics. It is also used to soften fabrics and improve paper absorbency in paper towels. Research now shows that when it off-gases, it can irritate eyes, cause allergic reactions and trigger asthma.
Often such symptoms are lessened or even completely relieved when changes are made in the home. However, the physical problem is multi-dimensional and other aspects need to be considered as well.
For example, migraines could be caused by environmental exposure plus may have a hormonal aspect. Or, multiple chemical sensitivities (MCS) could stem from chronic candida infection, harmful exposures to electro-magnetic fields and/or heavy metal poisoning. It is important to find a health-care professional who is experienced with environmental illness. Whether these symptoms exist or not, moving in the direction of a
With very little space in your home, how can you grow your own produce or even manage a farm? This is actually quite possible! You should not allow limited space to hinder your goal of starting your own farm.
People living in urban areas think that farming can only be done in rural areas and countryside places. However, with a little effort as well as appropriate know-how, you will be able to start a farm even in your own house! This is called urban farming. This is a farm practice that lets you cultivate your own produce even if you live in the city. You can start with potted herbs as well as small vegetable batches. Here is how you can start farming in your small space.
- Take time in visiting urban farms around you.
Visiting urban farms around Singapore will allow you to check out what possible herbs, plants, or vegetables you will be able to grow best in the small space that you have. Doing so will help you in learning some tips that you can possibly apply in your own farm.
After visiting farms around
What a wonderful achievement the joys of owning a home bring to any individual. As a consumer, you are entitled to invest your hard-earned money in a smart asset, and what better way to do it than purchase a home you can call your own. Living and investing in residential real estate is quite an accomplishment especially for young people. However, it is a given rule that in order for a person to buy a house, one must seek out home loans to make is possible. But, did you know that you can actually still buy your dream property without needing to acquire a loan? A better way to home ownership, don’t you think?
As a home buyer and a future home owner, obtaining the house of your dreams without needing to rely on a loan or a mortgage loan sounds perfect. No more monthly payments. No more need to constantly worry on where to find money when finances are low. No frightening calls and possible bank statements stating your home as a foreclosed property.
The following are some simple yet tried and tested tips any individual can practice to become successful home owners without
Location, locations, locations… is probably the most quoted mantra in property investment. Yet, when you have to choose between a few property units, how do you choose the best unit in terms of physical and geographical aspects?
5 main TIPS help to make a big difference in rental income and resale value of your property:-
1. The area that you love most or the area that you are going into.
2. You might narrow down your search to a section; for instance, you might want to see whether the property near the park or the shops.
3. Look at the road on which the property sits and the position of the property.
IDENTIFY THE MAJOR DEFECTS:
Most importantly, you must feel comfortable while viewing the property. If you are, then can start examining other detail. While you are at the site, avoid spending too much time on superficial things like the paint work and the garden, which are only minor issues. You should look for major defects like roof leakage, termite infestation, structural cracks along the foundations and sewerage blockage.
Emphasises good structure, which includes the layout of the property, the number
Buying a residential property is one of the biggest investments people can make in their lifetime. However, not everybody actually ends up securing the best deal they can with this investment; some end up paying more than they should, while there are some who pretty much just settle for anything due to their lack of dedication to exploring all the options available to them.
A house is very rarely cheap, and even when it is… it’s still really is not. So, if you want the best value for this investment by wisely going about the whole process, provided below are six of the most effective tips listed by experts on buying a house.
1. Insist on meeting in person. Even with the best technological gadgets available these days for better communication, nothing beats meeting the seller in person at a neutral location or at the property itself. A face-to-face meeting and interaction can provide a more dynamic negotiation that may greatly work to your favour.
2. Position yourself on the same side as the seller. Experts claim that sellers respond positively when they know that they have you on their side and you’re fighting the
Research carried out last year revealed that British home owners are waiting longer than expected to move up the housing ladder.
The survey which was carried out by Lloyds Bank found that a whopping 33% of Brits should be further along the property ladder than they currently are. Thanks to the never-ending rise in house prices, the research also found that an incredible 83% of home owners have to wait longer than ever to reach their goal of owning a long-term family home compared to just a decade ago.
40% of people surveyed said that they feel the highly competitive housing market has an impact on their aspirations as it’s so difficult to become a home owner in the first place, let alone move to a bigger property. This figure has fallen since 2013 however when 47% of people felt this way and 2012 when this number was at 53%.
Naturally, first-time buyers are being hit hard with nearly half (48%) saying that the housing market has an impact on how long it takes them to become a home owner.
Despite the difficulties that Brits are facing to get onto or move up
Any SoCal Resident Can Tell You Rent is High,
But did you know the average cost of a home in Los Angeles ($658,000) is more than double the national average for houses of the same size? Real estate experts say that the gap between the cost of living in LA and the rest of the country will continue to get larger, all the way through 2018. When gainfully employed, educated people with salaries hovering around $250,000 a year are looking to move to nearby cities due to the inability to find a home within their budget that meets their standard of living, it is clear that California is pricing out its own residents. And the truth is – there isn’t really much anyone can do about it.
While no single problem is exclusively to blame for the incredibly inflamed housing cost in Los Angeles, the generalized answer is that there are not enough houses to meet the demand, and in addition to that, the cost to build more housing keeps developers away. It is a vicious cycle of economics – people want housing, construction companies can’t fill that demand because the cost