Your Investment Property Loan Options

 Investment Property Loan Options

 

If you don't have sufficient funds to sustain your investment property, you can still have an opportunity to get an investment property loan. Your money may not be sufficient for an investment fund and you may need a big sum to add some capital to buy a real estate property. You may be able to pay for a down payment but the rest can be provided through an investment property loan. If this is the road you would want to take, then its time to check at different alternatives available for you. Here are the few examples that you can look into:

1. The Flexible Interest Only Loan

An interest only loan is one alternative you can take to fulfil your monetary needs. This is specially applicable for properties that you will see to have a huge potential. With this kind of investment property loan, you will just be paying for the interest as part of you payment each month. Needless to say, there is no need to make payments for the principal sum just yet. It is merely at the end of the term that you will be required to pay the full amount of the loan.

The core benefit of this loan is flexibility that you can have on a monthly basis. If you don't have cash at the time, you only have to pay off the minimum interest due and you will be good to go. On the other hand, if you have some cash, you can start paying extra for the principal balance. So if you think that this kind of set up will work well for you, then you should go for it.

2. The Reliable Fixed Payment Loan

Another loan opportunity that you may consider is the fixed payment loan, from a typical lender. As usual, an exact amount is set to be paid monthly until the full loan is paid off. This one gives you enough stability to make room for other endeavors. The good thing about this is that, not only will you have a fixed payment, but you will also be able to pay to the loan balance. The difference between this sort of loan and the "interest only" is that your payment every month can help you pay off your debt by the end of the term. While "interest only" will require you to pay off the lump sum at the end in order to be done with the loan.

3. The Amiable Private Loan

This one is provided by a private investor and this is one more kind of investment property loan that you can look into. There are individuals that have a lot of extra resources and they use it to fund the other investors. Some of them may even take interest in helping you buy an investment property. Considering that they work on their own, you will discover them easier to deal than a bank. They are flexible and easier to work with that's why there are a lot of people who are drawn to getting a private loan.

The Worst Mistake You Can Make When You Apply to Rent a Home

A whole new class of people has become renters and potential renters in America during the last three years.

Who? Home owners who were left by the side of the road by Runaway Foreclosures.For tens of thousands of the new renters, the process of looking to get permission to live in a house owned by someone else is daunting. What to say, how much to reveal of events they would like to forget.

As a landlord who has talked to far too many of these people who should have still been in their homes enjoying life, my answer is simply be yourself and tell the truth and do not give the impression that everything is someone else's fault.

Landlords often have the potential to be people too. And, anyone of them that you would like to be associated for the next year or two or more, understands what has happened in the real estate market, needs to rent their properties and will be willing to work with someone who appears willing to be a good partner.

I recently got a call from a man looking to rent one of our houses. After some rapport building dialogue, right out of the pages of 911forlandlords, he proceeded to tell me most of his life history. He was renting now. It wasn't his fault that he was not in his home any more. The bank was a crook.

He had water damage in the rental bath room. The landlord was not cooperative.

The landlord had come to fix the bathroom and had left the home without fixing anything after the tenant wife asked the landlord a few innocent questions. Landlord lacked communication skills.

Landlord had then sent him a notice that his lease had expired and he had 30 days to move. Obviously the landlord had broken the law and he was going to sue the landlord.

Let me compare this brief conversation with one had two weeks earlier.

The caller said she was calling on the house at 123 Main Street that she had seen listed on our web site. She said she had been served a three day notice to vacate. The reason was she had fallen behind in the rent six months ago, had worked out a payment schedule with the landlord. Had made all required payments under the agreement... She explained why they had fallen behind and took responsibility for falling behind. The landlord has sold the apartment building where she lived and the new landlord would not honor the previous agreement.

She said she had all the documentation. The agreement from the previous landlord and the three day notice to vacate and the current lease and proof of payments for the last year. She also told me more than two dozen landlords had already turned her down.

If these two applicants were used to illustrate the biggest mistake you can make the case, it would appear that the second person had failed to find a place to live because she told the truth and the first guy was simply obnoxious. But I think a second look and projecting into the future gives a totally different view.

In the first example, the tenant in his conversation took no responsibility for anything that had happened. I have seen and heard about some reeeeeally bad landlords, but few of them are always bad, all of the time. I would believe someone who always thought the landlords was scum, would probably think the same of me. And probably soon.

The second admitted mistakes. Which mostly makes her human. She claimed she had tried in a cooperative way to work the problem out and by admitting she had been repeatedly turned down made me believe she would be truthful about things in the futures and would strive to be cooperative with me.

I checked out here story. I never bothered to check on anything the first person said. (And I did not lie when I told him I would email him if I had a home in the future that would be right for him. My guess is I will not find anything, ever for a person who is always right and never has done something wrong.

In the current market, where almost everyone had major stress fractures in their credit history, the worst mistake you can make as a prospective tenant-or landlord-is to lie to the other person, realizing you will have to deal with them over a long period of time. A lie by the second prospect might have gotten her a home before she found me, if the landlord had failed to check out the application thoroughly.

But the truth is today it is pretty easy and cheap to check out an application.

So, she told the truth up front, some people said "no."

When she got to "yes" it was yes under the right conditions. She had not presented anyone else's bad actions as the reason for her need to move. She appeared to be responsible person who had had several bad things happen to her. Some her fault, and some not.

After my check, I believed she was honest, responsible and willing to work cooperatively in solving problems. Pretty good traits.

For landlords and tenants both, the best advice today is Never Lie, Take responsibility for what you have done. And, show that you are willing to listen and work with others.

It may take a little longer to find a home or a renter, but it should make the relationship longer and smoother.

Property Developer Incentives for Landlords Looking to Invest in New Build Property

 

Property Developer

 

Property market gloom throws up incentives for landlords

The gloom surrounding the housing market has caused many potential purchasers to hold back from buying, resulting in sales volumes contracting significantly. This is all hitting house builders hard depressing sales volumes and future profits. We only have to look at the way the share price of the large house builders such as Barratt Developments & Taylor Wimpey have fallen off a cliff to see how bad the market expects things to get.

Despite this property gloom, most builders resist selling at 'silly' prices far below the asking price. Instead they disguise any price reductions by providing incentives to property purchasers and investors.

I decided to have a look at the new housing market and see what types of incentives are available to property investors and where the best deals are in the market. We also ask the question should these incentives be enough to tempt adventurous property investors back into the buy to let market?

The incentives

In recent weeks, there have been reports of discounts on new homes of 30%-plus - particularly in urban centres supposedly crammed with high-rise apartments.

But actually finding bargains on this scale might be difficult. This analysis suggests most builders - at this stage - are simply allowing a bigger margin for haggling over price, and most will look seriously at offers within 5%-10% of the asking price.

However, most are reluctant to entertain price reductions instead preferring to entice purchasers and investor with a range of incentives.

Steven Lees of website Smart New Homes comments that: "there are a lot of incentives out there". The type of incentive will depend on the type of property being sold.
Examples of the incentives developers use are:

* Solicitors fees paid

* Deposit paid on exchange

* Stamp duty paid

* Furnishing packages

* Cash backs

* Discount sales

* Part exchange

* Rent guarantee

How to drive a hard bargain

Many developers will provide a package of these incentives. The other thing landlords need to appreciate is that the type and extent of the incentives being offered even by large national developers will depend on the locality & the specific development. This means in developments where the builders are struggling to sell or only have a few units remaining the incentives are particularly attractive and you as a property investor should be able to drive a hard bargain.

Property investors shouldn't be afraid of negotiating. It's a buyers market out there and developers are in some cases pretty desperate to shift units. The advantage an investor has over a home owner is that because they are not buying a home, they can play developers off against each other for their business. Landlords looking at buying in Reading for instance can express an interest with a number of builders and see which one is prepared to offer the landlord the most attractive incentive to complete.

David Bexon, managing director of Smart New Homes, says:

"House builders are being ever more creative with their incentives, and some of these offers can be a great benefit to buyers, such as 100 per cent part exchange, paying contributions to costs, and the inclusion of all sorts of extras."

The headline news is the return of part exchange, which had been out of favour for several years. The concept here is simple. The developer buys your old home, freeing you to move quickly and secure your new home and cutting out the need for an estate agent. This is obviously attractive in a slow market, particularly for those having trouble selling.

But to use part exchange you must be "upwardly mobile" - your new home must be considerably, usually at least 25 or 30 per cent, more valuable than your present one. The developer will want to sell your house quickly, and so the price on offer may be up to 10 per cent less than the full market value. On the other hand, there are no estate agents' fees, and many people are willing to sacrifice the chance of a few thousand pounds' extra profit to gain a fast, chain-free sale.

Part exchanges are aimed at owner occupiers. However, landlords with an investment property that they are finding difficult to let either because it is in the wrong location, requires updating or are having problems selling may want to consider this as an alternative to trying to sell up completely into a stagnant market. Landlords can potentially use a house builder's keenness to sell their new property on certain developments to unload their investment 'dog'.

The advantage to a property investor is that they get rid of a poor performing property investment relatively easily and replace it with a property that should be highly lettable. In some cases it may even be possible just to transfer a landlords existing buy-to-let mortgage from one property to another without incurring any financial penalties from the btl mortgage lender. A landlord should inquire about the specific details of the buy-to-let mortgage before committing to a property investment.

I would caution against buying an apartment in a city centre. Landlords should instead look at buying small houses in areas of high rental demand.

Guaranteeing a landlord's rent

The other sales incentive that is particularly appealing to a landlord is the rent guarantee. This scheme being run by a number of property developers will guarantee a landlords rental income for a fixed period of time. Taylor Wimpey which owns the Wimpey, Bryant Homes and Laing Home brands to name but a few is offering investors that purchase one of their properties a guaranteed gross rental income of 6% until 2012. This offer is only available on certain development and providing that the landlord uses the nominated letting agent and financial advisor. However, it does insulate a landlord against any void period and 6% gross yield is above the current average. However, a landlord will be hooked into using a nominated letting agent with their management charges likely to be in the order of 12-15% of the gross rent, the resulting net yield is likely to be significantly below this. A landlord purchasing a new property outside a city centre would generally expect it to let well and for their voids to be correspondingly low anyway.

An example of one of the properties being offered with large incentives is a scheme of micro apartments called 'ipads' built by Barratts. The development near Cardiff Bay is being offered with some hefty incentives implying that Barratts are struggling to sell them.

The evidence is that according to a recent report builders may even be succeeding in keeping property investors in the market place by offering these incentives. For the first time in five months, says the journal House Market Report (HMR), demand for new homes from home owners and first time buyers is lower than demand from property investors - though it was widely assumed property investors would quit the market for new homes as soon as prices began to weaken so there is some evidence of property investors being seduced by these deals.

My verdict

Property investors need to be very wary about diving in thinking they have secured a bargain. One thing that property developers won't tell prospective landlords is that new houses tend to be 10-15% more expensive than equivalent 2nd hand properties to start with. This means that any discount will need to be significant to make the figures stack up initially. There are advantages of buying new properties for a landlord, namely the property can be instantly let and should be attractive to professional tenants. However any landlord needs to make sure that they stay focused on the figures and make sure that they have done their investment calculations before committing to anything.

Tips on Real Estate Investing

Tips on Real Estate Investing

       Normally a down real estate market is a heaven for investors. There is a variety of properties available for sale and many homeowners are desperate to sell and negotiate a price that will get them out of high waters. In such market, there is also a good amount of foreclosures and pre-foreclosures available and investors can play their game with the scale tipping to their side. The present economy is a good testament of those conditions. However, despite the large amount of properties in the market, competition between investors is always there - every perceptive investor wants to snatch the best deals.

Sometimes, those deals may be easy to spot, and sometimes it will take more digging and market research. However, an investor must be ready to act and have the necessary capital or systems available to grab such opportunities if he/she wants to be successful in real estate investing.

One important issue is to know the area of your specialization as an investor because different types of properties require different capital and different management requirements. Are you specializing in single-family homes, condominiums, multi-family dwellings, raw land, apartments (1-4 families), farms, special building types such as abandoned churches or commercial buildings? Having this issue clear is the first step before looking into properties. It will help the investor focus on the type of property they want to invest in and not waste valuable time in properties that do not match their investment goals and budget, as well as their investment plan.

Investor can find properties in many ways. They can do drive by's in neighborhoods where there are plenty of homes for sales and interview with neighbors, even those that do not have a for sale sign, but may be thinking to sell in the future. Research the neighborhood well before committing to any deals.

Other ways are to advertise yourself as an investor willing to buy properties. This will give homeowners the chance of calling you first before they put a for sale sign and pay a commission to a real estate agent. This will cut out the competition as well.

Look for properties in newspaper, publications, and local flyers. For sale by owners are a possibility, especially to negotiate price in a desperate market. Sometimes, homeowners are willing to walk away from a property without making any money as long as they can satisfy their bank loan.

Do not discount people who are having large garage sales, most likely they are thinking of moving in the near future. Real estate investing requires considering all possibilities.

Chennai Property Developers

 

Chennai Property Developers

 

       Chennai is an important metro city in India. Located on the shores of the Bay of Bengal and it is home to the second largest natural beach in the world. Like all over in India, the real estate market is growing at fast pace in Chennai. With more and more industries and companies setting up their base in Chennai, demand for commercial as well as residential space is increasing very fast. To cash in on this demand, many real estate developers are launching their projects. These residential and commercial property projects are bringing huge fortune for the developers. Most of the leading builders in Chennai start their housing projects at few acres of land. They construct well panned and aesthetically beautiful housing societies.

Some of leading property developers in Chennai are:

Golden Homes Pvt. Ltd.

Golden Homes is among the well reputed property developers in Chennai. It is known for successfully completing ore than 100 housing projects all over the city. Some of the most prominent projects from this builder include Golden Fortune, Golden Altius, Golden Tassles, Golden Chime, Golden Kingsmead, Golden Quarter and others.

Appaswamy Real Estate:

The Appaswamy Group of Companies is appreciated in Chennai for developing various leading housing projects. The Group has diversified in many fields apart from property development. It deals in construction, Chit& Finance, Hoteliers and Generation of No-Conventional Power through Wind Mills. The Appaswamy Real Estate has created a niche for itself in the real estate market of Chennai on account of its quality of work, meeting deadlines, customer satisfaction and the affordable prices.

Jain Housing & Construction Ltd.:

Jain Housing and Constructions are known among the prominent builders in Chennai. They are known for offering quality work at affordable prices. They have built numerous projects and some of them are Jains Ankush Prakash, Jains Kences Retreat, Jain Amrit Kalash, Jains Anusruta, Jains La Gardenia, Jains Antariksha, Jains Eiffel Gardens, Jains Abhishek, Jains Anumita and Jains Green Acres and more.

About Berkeley Homes

About Berkeley Homes

 

Berkeley is the largest division within the Berkeley Group and one of the UK's best known developers of new homes, with a reputation for creating highly individual, high quality homes in carefully chosen locations, and customer service standards that result in consistently high levels of customer satisfaction.

Berkeley was founded in 1976 and its first homes were typically large executive style properties. Today the Berkeley portfolio reflects the aspirations of a much broader range of home buyers, encompassing medium to large-scale developments in towns, cities and the countryside, mixed use schemes, riverside apartments, refurbished historic buildings and urban loft spaces - as well as the traditional executive homes. The company has also gained considerable experience in creating sustainable communities within complex regeneration schemes and today all building takes place on brownfield sites.

The vision has been the same since the beginning: to be a dynamic and innovative company with a passionate commitment to provide superbly designed and built homes in excellent locations in London and the South East of England. We are also renowned for exemplary levels of Customer Service which makes the entire purchasing process enjoyable as well as efficient.

Steel Buildings, A Proficient Choice

 

Steel Buildings, A Proficient Choice

 

By the end of Second World War Steel buildings replaced the conventional structure buildings. At that time steel was cheaply accessible to the public. Durability and cost effectiveness are the two main attractions of Steel structures. These have widespread application in commercial, industrial and domestic purpose as they require only a low maintenance.

Steel buildings are coming in a variety of 20 shades which makes it more attractive. Regarding the texture also great innovations has taken place. You can even have a stone finishing look to your steel structure with the help of a light weighing compound called rigid rock. They use a variety of panels to create different texture looks to the steel/ metal building like stucco plus, stucco lite wall panels and the RW-5000 Embossed wall panel. The cost effectiveness will make them to be used in municipal projects like building community centers and recreation centers. These buildings will also be a considerable help to agriculturist and farmers. These economic buildings can be used for storing the agricultural products and can also be used as a shelter for domestication of animals. Garage for your car or for other household purposes can be build within less time using steel as the building material.

On a higher level, for government applications like the installation of fire stations, first aid post, ambulance garage etc this is a great choice. The market offers you pre-engineered kits for building a steel structure which will be a great help to build your dream project. The manufactures also provide steel erection manuals along with the pre-engineered kits. The builder will consider the application and suggestions of each customer and plan the building accordingly. For ensuring safety and integrity of the steel buildings constructed, there are certain laws mandated by the government of the respective locality. Request the help of a professional for building a steel building for your personal requirement.

The Most Common Pitfalls of Managing Projects

 

The Most Common Pitfalls of Managing Projects

 

Project Management is the field dealing with the study of the processes involved in the managing of projects, whether they are complex and of high value or simplistic and of a small budget. A project is an endeavor by a group of people working towards completing the project in the scheduled time and cost with the prescribed quality.

Today, we have many complex tools for managing our humongous projects With the sophistication in these tools, contract documents for projects are getting more stringent and punitive. With the increase in value of projects, their complexity increases and the requirements for sophisticated tools to manage them increase. With an increase in the value of projects, the inherent risks in the project also increase. The more complex the projects get, the more the people required for managing them, and the more sophisticated the tools being used therein. An increase in underlying risk also calls for an increase in financial jurisprudence.

These sophisticated tools serve the following purpose:

    * Plan arrangement of finance at the prescribed intervals,
    * Procure materials and equipments at the designated time for the construction,
    * Arrange for men to work on the project.
    * Arrange for sales of the project facility.

Tools like MSPROJECTS, PRIMAVERA, etc, help plan the project. Not only do these plans quantify the time and cost required for the projects, but they also provide information regarding the time of requirement of finance during the project duration. We also have SAP and ERP, which facilitate efficient procurement and delivery. Not only do these tools help us implement JIT principles, but they also reduce inventory holding costs, along with a reduction in space requirements for holding work in process and finished goods inventory.

With such sophisticated tools at our disposal, one would think that projects could be managed more efficiently, within the allocated time and cost and in the desired quality. Unfortunately, that is not the case today. I can cite numerous instances where, in spite of the use of sophisticated tools, projects have overshot their budgets and timelines. There are numerous instances where projects have gone over budget and surpassed their deadlines due to various reasons.

At times there is a problem of rehabilitating project affected people, at other times, the title to the land on which the project is being constructed is not clear. At still other times, there is a shortage of labor to work on these projects. There are instances where the client does not pay the contractor on time, resulting in a delay in the construction process. At times the drawings for the project may be delayed. There can be many more reasons for delay in project timelines.

Contract documents today stipulate heavy fines for delay in project timelines. A project worth 150 crore had a liquidated damages condition in the contract, which stipulated a penalty of 10% of the contract value per day of delay. Still another project had a stringent damages condition at 20% of the contract value per day of delay, for any delay above 90 days from the scheduled completion. With such stringent penalty clauses, and the still occurring delays, one would wonder how useful the sophisticated tools for project management have been.

The above question will give rise to a debate among people who are in favor of using sophisticated tools for projects and those who are not in favor of these tools. But all in all, my personal opinion is that these tools have only helped us to record the times and costs of projects that we undertake, and not actually reduce them.

Benefits Of Using Metal Buildings

 

Benefits Of Using Metal Buildings

 

The Internet makes it very easy to review the benefits of metal buildings, preview prefabricated designs, explore the possibilities of customized construction, and compare prices and services offered by the many online sites. Competition is high and new manufacturing methods are expanding the range and appeal of steel buildings.

A quick search will bring up words and phrases such as durable, maintenance-free, and 35 year warranty. Websites offer brochure downloads, design galleries, instant quotes from quick entry of specifications, free delivery and installation, and discounts of up to 60%. You have the choice of do-it-yourself kits, using professionals to assemble prefabricated parts, and options for using your own designs for buildings from one thousand to one million square feet in area.

Barns, warehouses, mini storage units, carports, garages, stables, and even churches are now made of metal. The costs of construction are far less than for structures of similar size made of more traditional materials. It also takes less time to have a finished building when working with metal. Future maintenance expense is also a factor in assessing the practicality of metal buildings.

If you are thinking of a long, low, rectangular shape with no windows and wide loading doors at each end, you really must visit the web to look at modern designs. Architects have all the freedom of design they need to mingle form with function, since metal buildings may be as minimal as needed or as elaborately attractive and comfortable as desired. For instance, warehouses and barns may be simple, unheated shelters for machinery and storage, but also may be partially or completely insulated for the comfort of the humans who will work in them in all weather conditions.

Churches made of metal are one of the more recent uses for this type of construction. Beautiful, distinctive exteriors with soaring steeples and huge windows grace many a large, modern place of worship. Even the congregation may not know that the building is made of steel. No matter how many uses the building is put to, using steel makes it affordable enough to have room for all. Even the needs of future expansion are easy to take into account.

These days it is important to many individuals and to many companies that the construction be 'green'. You can find metal buildings that either meet or exceed requirements for recycled content(some may be made of almost 90% scrap), solar reflectivity, and the ability to be recycled in future if abandoned. The energy efficiency of well-designed metal construction is very high.

Maintenance costs are as important as the initial investment when balancing the budget. Metal buildings, with factory corrosion protection, baked-on paint, and properly sealed seams will last for years with no need for repainting or roof repair. Weather proof, wind resistant, and safe in lightening storms, metal buildings are designed for years of trouble-free use.

In conclusion, choosing a metal building is an option that increasing numbers of people are choosing as a way to get the space they need. It can be done without sacrificing energy efficiency, pleasing outward appearance, or custom design. Finally, you will find a cost effective way to get the designs needed.

Real Estate Development Financing Creates Critical Situation For Developers

 

Real Estate Development Financing Creates Critical Situation For Developers

The real estate development industry has created a negative impact on today's economy. Throughout the United States real estate developers are experiencing many concerns with their development projects. These concerns are mostly related to the lack of financing available and lenders unwillingness to extend or restructure current obligations. Whether you are a residential developer, homebuilder, commercial developer, or any other related real estate development professional without the proper financing terms and structure the projects will remain stagnant or be sold.

The news has hit Wall Street and Main Street that real estate developers and homebuilders require financing, restructuring, and more time to manage through this cycle. Lenders, investors, and other financial institutions have scaled back their lending programs to developers and builders due to the risk associated with real estate development. Many real estate developers rely on financial leverage to make their respective projects successful. In today's economy the term "leverage" has been a word many people feel has created this current crisis.

The impact has created partially built stagnant projects filled with graffiti, damages, and hazards facing the immediate communities. The citizens of these communities are demanding that police patrol the projects, fire departments monitor access to water, and local municipalities ensure that the integrity of the community. The cities are also being negatively hurt because they relied upon projections of tax revenue created by these real estate development projects.

The real estate development industry has developed alternative contingency plans to adapt to the current real estate environment. Some of the most successful alternative strategies include; raising equity, developing joint venture partnerships, negotiating with their current lenders, and to secure additional debt. Real estate developers that can raise equity can reduce their leverage position and can satisfy lenders needs for paying interest or paying down principal. Real estate developers in turn give up equity into the project. Joint venture partnerships entail teaming up with other real estate development partners or investors to provide additional equity or relationships that create value for the project. Negotiating with lenders has also proven to be successful; however, many lenders are having a tough time with how they restructure the loans. Finally, securing additional debt to either refinance the entire project or pay down the existing debt and hold funds for interest carrying costs has been a strategy for real estate developers.

There are other issues and concerns facing real estate developers besides financing such as finding homeowners, builders to develop projects, and end tenants to occupy the projects. The residential mortgage industry has been experiencing an enormous increase in bankruptcy filings, foreclosures, and lack of funding available to create mortgages to buyers of new homes. The government has been creating programs and ideas to help keep homeowners in their homes and to also stimulate new buyers to the market.

The retail sector of commercial real estate has seen retailers scale back their operations in terms of growth and expansion. The retailers are also struggling to secure financing for tenant improvements for their locations. One of the most troubling concerns for retailers has been the lack of consumer spending. Office tenants have also had to scale back their operations, reduce staffing needs, and cut expenses as much as possible. Office tenants are also experiencing opportunities to move into more desirable locations at more affordable prices causing vacancies in many submarkets.

The recent economic indicators and stock market trends are showing some signs of strength in the economy while others believe that the economy is still due for a slow recovery. As the credit markets start to thaw out and lend to real estate developers the projects will start to get back on track and create momentum. There will be many learning experiences real estate developers will take away from this current real estate market and hopefully will not repeat in the future.

Ara Damansara

 

Ara Damansara

Ara Damansara by Sime Darby is located in Petaling Jaya North and within the vicinity of established residential and commercial areas of Damansara and Kelana Jaya. It is poised to be developed into a prestige township offering a lifestyle that promotes close-knit community living. In mid March this year, Sime Darby will be launching its Seri Pilnoor residential projects within Ara Damansara. Seri Pilnoor will comprise 108 homes comprising semi-detached homes and bungalows. Prices start from RM2.5 million onwards.

JLW's research shows that detached homes in such areas in the range of RM600, 000 to RM900, 000 have now gone up to RM1 to RM1.1800, 000 - an 86 percent on average capital appreciation in a year.

Kayangan Puteri

  

Kayangan Puteri

 

Kayangan Puteri by Sime Darby is a low-density neighbourhood in Subang Jaya with 24-hour security, surrounded by large open spaces and greenery. It offers 125 units of two-and-a-half storey superlink homes which range from 3, 150 sq ft to 4, 520 sq ft. Nearby amenities include hypermarts like Carrefour, Giant and Tesco. It is also near to bustling commercial areas like Taipan USJ 10, Subang Jaya and Shah Alam town centre. Prices start from RM 808, 000 onwards.

Beringin Residence in Damansara Heights.

Beringin Residence

"If you are talking about the RM2 to RM3 million range, the capital appreciation can be astounding. One example is Beringin Residence in Damansara Heights. A client of ours bought a unit there for RM1.7 million in 2007 and is now being offered RM2.9 million. That is about 70 percent capital appreciation," says Victoria Chai of Savills Rahim & Co Prestige Homes department.

Chai further explains that luxury homes within this price range tend to appreciate more as they are in great demand due to their limited supply and location.

Likewise, rentals for landed homes are showing signs of recovery. According to JLW, rental values for landed homes across all sectors have improved in the fourth quarter with detached landed homes in the city's prime areas like Bangsar, Damansara Heights and Taman Tun Dr Ismail (TTDI), showing the greatest recovery

The Bangsar and Damansara

The Bangsar and Damansara

Kuala Lumpur's landed property market is showing signs of recovery with the capital values of prime landed homes showing the greatest price appreciation at 60 percent on average in the fourth quarter of last year, according to a research by Jones Lang Wooton (JLW).

JLW's data shows that luxury homes in RM2 million to RM3 million region in the Bangsar and Damansara Heights areas are now worth between RM3 million to RM5 million, compared to the same period in 2008.

JLW's findings seem to concur with Savills Rahim & Co's observation on the city's landed property market - homes within this range are showing the greatest capital appreciation so far this year.

"If you are talking about the RM2 to RM3 million range, the capital appreciation can be astounding. One example is Beringin Residence in Damansara Heights. A client of ours bought a unit there for RM1.7 million in 2007 and is now being offered RM2.9 million. That is about 70 percent capital appreciation," says Victoria Chai of Savills Rahim & Co Prestige Homes department.

Three Bedroom Flats in London in Short Supply

 

Three Bedroom Flats in London in Short Supply

     Flats in E5, flats in NW6, flats in SW8, whichever postcode you search in the Capital, there appears to be a chronic shortage of houses and flats in London.

     There is a particular scarcity as far as larger 3 bedroom flats in London are concerned, due to the insufficient volume of family housing in the city. Many families tend to opt for 3 bedroom flats, as they are generally cheaper than 3 bedroom houses in London, where property prices are sky-high.

    Yet instead of increasing the supply of flats in E5, NW6, or SW8, among other areas, the signs are that the supply of new build homes, including 3 room flats in London, will virtually grind to a halt in the short-term, due to government cuts. This is despite the fact that house building levels are currently at an 80-year low.

    A new report which has been released by The National Housing Federation says that the number of new affordable housing being built this year could slump by a whopping 65 per cent with all housebuilding, including private developer construction, drastically decreasing. Funding cuts and changes to the planning system by the government mean that just 20,390 new homes are scheduled to be built nationwide in 2010.

    This means fewer 1, 2 & 3 bedroom apartment in London. Which means less flats in E5, NW6, SW8, and so forth.

    Bob Weston, head of Weston Homes, says: "With grants and funding for the RSLs [Registered Social Landlords] being drastically cut back... housing associations will not be able to place affordable housing with private developers unless the government is flexible about revisiting the housing association element and [housing] schemes will be mothballed or just not start."

    Weston believes that all these cuts and changes are likely to have a "catastrophic impact on the housing market". This will naturally reduce the supply of 1, 2, and most importantly, 3 bedroom apartment in London - most urgently needed by families.

    To reduce the supply of much needed 1, 2, and 3 bedroom flats in London is not the way to handle lengthy housing lists consisting of millions of people. This is not the way to assist more people and families currently priced out of buying 1, 2, and 3 room flats, in their efforts buy flats in E5, NW6, SW8, and wherever else in the Capital.
Fortunately, there are still some new 3 bedroom apartment being built, including flats in E5, NW6 and SW8, and their surrounding areas.

A2dominion has released a collection of new flats near E5, as part of a new build development called Indigo in Hackney. The project features a delightful selection of homes, including much needed 3 bedroom apartment in London. These flats start from £365,000 to buy.

    Vision Homes has also released a number of new flats in E5, as part of its Paradise Park project, which offers some of the most striking 1, 2, and 3 bedroom apartment in London, These E5 flats start from £189,950 to buy.

    Some of the newest 3 bedroom apartment in London are located in Fortune Green, NW6, where a new build home development has just been completed. Designed by award winning architect Piers Gough of CZWG, this long awaited development features some of the latest 1, 2 and 3 bedroom apartment in London, many with balconies, and others with wrap around terraces overlooking Fortune Green. Prices start from around £395,000.

    Berkeley Homes has released some new 3 bedroom apartment at its Chelsea Bridge Wharf development in SW8. The residential project benefits from a prime Central London location, with various leisure facilities, innovatively designed for refined city living. These 3 room flats in London start from around £750,000.

    Despite the new build homes currently being constructed and made available to buy, it cannot be denied that more new build houses and flats are needed, particularly 3 bedroom flats in London.

Luxury Home For Sale - How to Find the Perfect One

 

Luxury Home For Sale - How to Find the Perfect One

     Being aware of the steps when selecting a luxury home and preparing beforehand is a way to simplify the home-buying process. Effective real estate shopping includes establishing your desire and how much you're willing to pay for it, and then engaging with professionals and doing the hands-on investigation before making a final decision.

     The first things you need to know when buying a luxury home, or any home for that matter, are the qualities you really want in this home. List down at least seven or eight most appreciated features you want in a luxury home. Start by asking yourself questions like: how many rooms do I want, how many bedrooms and bathrooms? Do I want to live near the water? Do I want next-door neighbors? In what geographical region do I want to buy property?

Next, draw up a fixed budget. Make sure you'll still be able to afford to maintain the home in ten years, even if your financial condition were to deteriorate. After establishing the price you're willing to pay, never forget other expenses such as lawn care, upkeep, insurance and taxes.

      Once you have made the decision, arrange an appointment with an agent who can assist you with these goals. If you have friends who own luxury homes, consult them to find the name of a good real estate agent who specializes in luxury houses. You could also check the web for your local real estate licensing board to make sure they are registered and don't have any legal issues. The agent will be able supply comprehensive information about available the homes and their history.

       Be aware of the statistics of crime and the demographics of the location. You may prefer having neighbors who are the same age demographics as yourself, and pay attention to the kinds of businesses nearby. After you've reviewed photos of the luxury homes that meet your criteria, thoroughly inspect each one, pay attention to the view, is the driveway too steep? Does the home need a lot of work?

You should make time to walk to your favorite destinations nearby, gauge how long and if the ambiance suits. Make sure you have inspected multiple homes to base your decision on a really thorough knowledge of the luxury homes in the chosen area.

      You should be all set to begin your home hunting by now and good luck! One last point, once the decision has been made, be ultra controlled with the negotiations on the luxury home you want, no matter how much you want it. Cautious planning can be easily derailed by being impulsive and overbidding.

Home Finding Services - Factors To Be Considered

Home Finding Services - Factors To Be Considered

       The real estate industry is increasing day by day with the increasing consumer demand. The prices of real estate and properties are very high these days. But, buying a property is one of the basic demands of the people these days due to which there are many new prospects and project coming up. However, finding the right kind of property in this complex market is not a very easy job. It is always good to hire the services of professionals because this is a long term investment and can also be a source of income at times.

       Real estate agents are middlemen who provide home finding services. They have a lot of knowledge about the markets and the prices that are prevailing in the markets. You just have to tell them about your preferred location and the type of property you want. You are most likely to get the property of your choice as they will provide a lot of options according to your preference. They also help you out with the commercial property requirements like if you want to buy an office or lease one.

The home finders charge commission for the services they provide. The commission is usually some amount of percentage of the amount which is usually decided before the transaction takes place. You can easily find local home finders or real estate agents in your area. However, if you do not find one you can always go for online services. There are many websites available who offer property finding services at discounted rates. You can easily search for the property of your choice without any kind of problems. This method is also time efficient.

       There are many agents who provide additional services like preparing the necessary documents or property papers. It is very necessary to find out all the details about the property before purchasing it. They have all the necessary knowledge about the property and also find out if there are any defects or flaws. You should be very careful before hiring a real estate agent. He should be reliable and provide the right kind of services. Avoid hiring your own friends or relatives as agents as it can result in a lot of complications. Avoid dealing with a dual agent that is, the one that represents both buyer and seller. Thus, this was some essential information about home finding services and real estate agents. It also tells you about some of the important factors that should be considered before hiring the services of a property finder.

Buying a Manufactured Home

 

Buying a Manufactured Home

Manufactured homes are time savers unlike building from scratch. A lot of manufactured homes can be viewed online and from this you can make a perfectly good choice out of.

Every area has its building codes. To refrain from having problems in future always check these up and make sure you have the permit to order on your preferred lot.

Read sub-division rules to get everything right. You must make sure there are no special rules that has been broken when you order your preferred manufactured home. This can save you considerable cost and time as ordering a wrong manufactured home will have to be taken away or will be prevented from been built.

To keep property worth of sub-divisions up there are some special requirements demanded. They could be in the form of a minimum square footage, a minimum roof pitch or a minimum number of stalls in the garage.

Picking the foundation is the next step. This should follow the process of going through all the requirements. You can then pick on whether your foundation will be a basement, a crawl space or a concrete slab.

Though foundations types are sometimes specified in covenants it will be in your best interest when you discuss with the manufactured home builder in selecting the best one. This should make everything easier for you and make you aware in advance.

Picking a suitable floor plan is the next step. With today's varieties you can pick one that will suit your lifestyle pretty well. They are a lot of high-end attachments like gourmet kitchens, luxury master bedrooms and bathrooms and walk-closets that you can add.

Floor types come in different shapes and sizes. You will get the option of picking from them. Your manufactured home owner should be in a good position to point out some good ones for you.

About Weston Homes

Weston Florida

Weston Florida has been ranked one of the most popular places to move to and live in the United States. This great city is only a few miles southwest of Fort Lauderdale. There are only about 65,000 people living in this area which makes it great if you don't like living in a very crowded city. The schools, parks and other recreational facilities are highly recognized by many. The crime in this great city is very low due to how small it is and the families that live in the area. The beautiful landscaping is definitely not to be missed and is very breath taking.

Traveling to Weston is a great adventure and there is definitely lots to do and see. There is a huge variety of restaurants, stores for shopping and great hotels to make your stay extra special. These hotels often times have a state of the art spa which will help to relax you on your vacation. You will also find a huge array of recreational act ivies to do such as relaxing on the beach, seeing historic sites and much more. You can book tours of these sites with a travel agent beforehand or when you arrive on your vacation. Often times the hotels will have many brochures of these attractions so you can find out just who to contact to arrange for your adventure.

Weston is also well known for its fabulous real estate market. There are many town homes, condos and single family homes for sale. One great thing about buying real estate in this city is the enormous amount of small communities available. Living in a small community can make you feel more safe, secluded and out of the way of traffic and noise. A big reason families chose to move to this area is the educational system. They are not crowded like most big cities, therefore giving a child the close attention they need to succeed. There are also two great colleges to chose from which are American InterContinental University and Broward College. The homes in this area are very affordable and some are even available on the water front. The majority of the ones along the water are condos which are very spacious.

Start researching this great city for a vacation or even to move. There are many informative websites online that will help you to see that this is a beautiful place.