Archive for the ‘Property Development and Real Estate Guides’ Category

In recent testimony before the House Financial Services Subcommittee on International Monetary Policy and Trade Without, experts from the housing industry warned that without government involvement, such as through entities like Freddie Mac and Fannie Mae, homeownership would become available only to the country’s wealthiest citizens.

Moe Veissi, president-elect of the National Association of Realtors (NAR) told Congressional leaders that the current financial model for homeownership needs to be fixed so that middle class and lower income consumers are not frozen out of buying a house. “We must be better stewards of the U.S. housing finance system if it is to thrive and effectively serve American home buyers and mortgage investors into the future,” Veissi stressed.

Among the options available to Congress is the Secondary Market Facility for Residential Mortgage Act of 2011, which was presented by United States Representatives Gary Miller (R-Calif) and Carolyn McCarthy (D-NY.)

The proposed bill is an effort to reform the secondary mortgage market by ensuring long-term fixed-rate mortgages will remain an option, and to make sure home loans are easier to get for qualified consumers, whether they are looking to buy a resale home in South Carolina or a new home in Texas. The bill also guarantees federal government involvement and oversight. The concern for many in and out of the housing market is that if the industry is fully privatized, banks will eliminate traditional options such as the 30-year fixed-rate mortgage. Whereas the government’s interest has been supporting homeownership for people of all economic levels because it strengthens communities, brings in local tax revenue, and improves the overall economy, banks are only interested in minimizing risk and maximizing profits. Left to themselves, they would simple want to deal with the richest of Americans when giving out home loans.

An NAR survey found that many new home buyers are being saddled with significantly higher down payments and substantially higher interest rates. That’s why prospective homeowners are turning to LGI Homes, which offer qualified buyers no money down financing. In addition to all the amenities offered by an LGI Homes community, in many cases the mortgage payment is less than typical monthly rents.

So for those interested in gaining the benefits of homeownership, there are still good deals to be had, despite the restrictive lending environment.

by RedAgenda.com

Trying to get the finance together to embark on a project can be tough, not many of us have spare sums of cash lying around. I would suggest if you are going to get into property development you should save very hard for a few months to get some money for a deposit for a property. There are some mortgage lenders that will offer 100% mortgages however, this can be very risky. 100% mortgages will incur higher interest rates and more than likely a higher lending fee. If the value of your property goes down you could end up with no way to repay the loan.

When you get your mortgage and have found the property you wish to develop make sure you have enough finance to finish the project. You should always have enough money in your budget for fees, and contingency. Paying for the work with another loan or on credit cards is a danger, because if you find a major problem half way through and you have exhausted all your finance problems you could get stuck with a property that you can’t finish and can’t sell.

If your budget is really tight you should try and do as much of the work yourself, you should enrol on some courses to help you do the work. There are plenty of courses available they include plumbing, tiling, plastering and electrical courses. You can enrol on 5 day intensive courses or do part time evening or weekend course. There are even quite a few women only courses.

It is important when property developing to do your research before purchasing any property. Check out the location of your property and the market value of similar properties. Read all paperwork before you sign anything, as you may find hidden costs associated with the property. For example if you purchase a flat you may have to contribute to refurbishment work taking place throughout the whole building, which will of course eats into your budget.

As part of your research if your building is listed you will need to get permission to perform certain changes to the property. Always get permission before changing things as you may have to pay to get the original features put back in. Always check with the local conservation officer what can and can’t be done before you do it.

My advice is you should always get the full structural survey done. This is because it will potentially save you money in the long run. If there are major issues you can re-allocate your budgets and time scales, if necessary to fix the problem in hand. You should never hide problems you should always fix them.

Once you get started on the project you have to be realistic. If the budget is small don’t do any major structural work like moving bathrooms and knocking down walls. These tasks will unnecessarily escalate costs. If the budget is really strict aim for a quick turnaround tidy and clean up the property and give it a nice finish.

It is essential that you think about your market when developing your property. What kind of people are going to buy your project. First time buyers will want something modern, stylish but cheap, where as families will look for other factors. The target market for your property will determine the final purchase price so take this into consideration when researching. When setting your estimated sale price be realistic. Do not rely on a rise in the market value to bring you in a profit. Use the current market values to help you estimate your expected profit.

When fitting out your property you should always shop in the sales, this will keep your development costs down. There are a number of outlets that sell ex-display kitchens and you could pick up a kitchen for around £500.

When developing your property take into consideration the style of property you wish to achieve. Don’t mix up too many styles as it won’t look right and can reduce the market value of your property. If your property is listed then the choice has been made for you. Bring back to life the original features that make the property special. If it is Victorian then pick kitchens and bathrooms to suit the period. If your property has an art deco (c. 1908-1935) exterior go for interior decoration that embodies this period and simple clean smooth lines.

One thing that will save you money is being organised. Create a schedule and stick to it, this will help you keep a tight rein on mortgage fees. When setting timelines weigh up whether it will save you time and money by getting a professional in. You may yell “But that will cost me more money”. But think about it, you may save money if the job is finished quicker and you may boost your final purchase price if the quality of the work is of a higher standard then you yourself would be able to achieve. For example a professional plasterer may complete a task in 1 day that could take you a week.

Other things to consider are be prepared for long days, with lots of stress and if you are serious about finishing the project on time no going out for a while. Towards the end of the project your enthusiasm may be falling and you may be dying to get your teeth into the next project, this can be a dangerous move as it might take a while to sell the current property. Make sure that your profit is actual, taking into consideration all the time and labour you have put in. Then you can use the money to finance the next project, if you are prepared to go through it all again that is!

Can recent economic happenings in the country like high inflation be a great time to purchase a home if you can beat the price and other home seekers? If you are hell bent on finding homes in foreclosure, check out an Orange County Realtor® and take advantage of the market while you can. Realtor® Adam Brett can be of help.  Advice from a professional will help you avoid hurried decisions and costly mistakes.

In this market you need an agent who is responsive and available so that you can act on opportunities when they occur. Time is a valuable commodity and working with a Fullerton real estate agent who knows the local market and has the experience and track record of success can save you both time and money.

With Realtor® Adam Brett and his web site as your local real estate guide you can cut to the chase and focus on the essential elements needed to achieve your real property goals.   Adam Brett’s site can help also you diligently evaluate and analyze real estate agents so you can make the informed choice of who can best help you achieve your real estate needs.

When you are embarking on a real estate investment or making a decision to purchase a house you can call home, it pays to do your homework up front. Avoid the pitfalls of working with an un-experienced agent or one who is not knowledgeable of the local markets you are considering.

Financial instability can result from a bad or ill-time real estate investment, not all real estate agents are created equal. It pays to work with a qualified real estate agent who not only has professional real estate credentials, but one who has the tools and ability to streamline the process by using the power of the Internet combined with local knowledge and outstanding customer service – that person is Realtor® Adam Brett.

by Dominic’s pics

Signs of the Times


Image by The Green Odyssey
Foxton’s Estate Agents ‘For Sale’ Signs gobbling up that of a rival

Property Development Finance

Businesses which are looking to develop a piece of land will often need to acquire a property development finance loan. In most situations a property development finance loan is the best option for businesses with these needs because it splits the payouts up to accommodate the different stages of property development. In many situations this allows lenders to offer a property development finance loan at a slightly lower interest rate than traditional commercial financing.

Despite the fact that a property development finance loan is usually a better option for these situations than typical commercial financing it still tends to hold a high interest rate because it is still considered a fairly high risk loan. Most businesses applying for it also need a high credit rating. Using a business loan broker can help a business obtain a property development finance loan at a slightly better interest rate. Brokers do this by working directly with multiple commercial financing companies in order to find the best possible terms.

Businesses looking to obtain this type of financing should also be prepared to demonstrate to lenders the projected costs for the entire project and the projected income for the entire project. Providing these numbers will improve the odds of receiving a property development finance loan and possibly help to reduce the interest rate.

Businesses looking to obtain this type of financing should also be prepared to demonstrate to lenders the projected costs for the entire project and the projected income for the entire project. Providing these numbers will improve the odds of receiving a property development finance loan and possibly help to reduce the interest rate.

Businesses looking to obtain this type of financing should also be prepared to demonstrate to lenders the projected costs for the entire project and the projected income for the entire project. Providing these numbers will improve the odds of receiving a property development finance loan and possibly help to reduce the interest rate.

Businesses looking to obtain this type of financing should also be prepared to demonstrate to lenders the projected costs for the entire project and the projected income for the entire project. Providing these numbers will improve the odds of receiving a property development finance loan and possibly help to reduce the interest rate.

http://www.businessfinancebroker.com/Business-Loans.html

by darrowwest

Lincoln Square 134


Image by darrowwest
Come tour the Lincoln Square neighborhood of Chicago with Your Windy City Guide.

Come tour the Lincoln Square neighborhood of Chicago with Your Windy City Guide.

You probably already know how to find a real estate agent when you want to sell your house or other real estate. All you have to do is put a “for sale sign” out and wait for the phone to ring. But how do you find the right real estate agent for your property? Here are some tips to get you started, followed by the questions you need to ask.

Note which day most brokers typically advertise real estate in your local newspaper. Get that day’s issue, and also collect a few real estate guides. Find advertisements for properties similar to yours. For example, if you are selling a lakefront home, you want to look for those.

Take notes, writing down the names and numbers of the agents selling similar properties. You want to find real estate agents who have experience with your type of real estate. The woman who has all the million dollar homes listed may not be the best one to sell your vacant commercial lot. Try to find agents who have sold or are selling several properties like yours, and start calling them. Call those who are active in your general area first – they are more likely to know how to properly price and market your real estate.

Hiring the right agent can mean thousands of dollars to you. When I was a new agent many years ago, I told a couple that we should list their home for ,000, but they insisted on ,000. We got a full price offer within a month. In other words, my advice could have cost them ,000 in lost profit.

Find A Real Estate Agent – And Ask These Questions

Always ask as many questions as you need to, starting with the ones below. Most real estate agents won’t like it, but this really is a job interview – and you’re the one hiring him or her. Thus you should ask questions like:

How much experience do you have, and what kind? – The importance of experience is shown in my own confession above. I wouldn’t use an agent with less than a year of experience unless he or she had experience in a related field, like appraisal or mortgage lending. As for the type of experience, you want one that has sold properties like yours.

Can you give me examples? – Get an address or two. Then you can drive by and see what kind of properties he really has experience with.

Why should I list my property with you? – An obvious question, but listen closely to what he has to say. He needs to sell himself to you for you to trust that he can sell your real estate.

What will you do to market my property? – She should do more than place an ad and put your home in the MLS listings. Is she working with any people looking for properties like yours? How will she let other agents know about your listing and encourage them to bring buyers to see it?

Other Questions For An Agent

Do you show your own listings?

Do you handle your own closings?

How much is your commission, and what is included?

Are your listings selling close to the asking price?

How long do you think it will take to sell?

How long is your listing agreement for?

How will you determine the asking price?

How To Find A Real Estate Agent – Other Considerations

Be suspicious if it takes a dozen rings for someone to answer the phone at the real estate office. Hang up and try again later, to see if this is normal. If you have a hard time getting through, buyers will as well. Note whether your calls are returned promptly when you leave a message also.

Avoid agents who just want to agree with whatever you say. They just want to get the listing, but you want an expert who will tell you what he honestly thinks. Have him go over every detail of the listing agreement, and ask many questions. The agreement is a legal contract. Suppose you get a full-priced offer, but you changed your mind about the price or about selling. You’ll probably have to pay the commission anyhow – check the contract.

Ask to review papers you’ll have to sign when your property is sold. Will you likely have to pay for inspections, or to have a survey completed? Find a good real estate agent and you’ll get the answers to these questions.

Related Real Estate Guides Articles

by RedAgenda.com

Pagan Offering


Image by Dominic’s pics
An image taken at or near the Brighton Earthship located near Stanmer Park, Brighton, East Sussex.

The Earthship – the first built in the UK – is an experimental sustainable development which includes the following features: photovoltaic solar cells, collection of rainwater from the roof, a windmill, using the thermal storage property of the ground (by building "hobbit like" into a hillside), reuse of rubber tires as a building material for the walls.

No one lives here, but regular tours are available by arrangement.

Further information:
Low Carbon Trust
Brighton Earthship Project
Sustainable Development Commission
The UK Earth Centre Network

Real Estate Companies in Chennai

The city of Chennai is experiencing a dramatic change both in the IT sector as well as the property sector. Real estate companies in Chennai are utilizing every resource available to offer the best commercial accommodation in Chennai to its residents. Today, Chennai is the IT hub of India with many foreign information technology companies setting up their offices here. This major development has led the land price in Chennai to increase more than 40 percent. Many people are moving south for better career in IT sector, the demand for office property in Chennai has grown.

The reason for this huge growth in the commercial sector is backed up by the government. They help the IT companies by providing them better infrastructure by setting up IT parks and other services. Pacifica is one such real estate company in Chennai who has developed outstanding state-of-the-art IT park catering to the BPO sector. Chennai is developing mainly on the south and hence the real estate developers in Chennai are grabbing all the opportunity they can get to develop a prime a land. The real estate market of Chennai seems to be energetic in nature forever.

If you happen to look for a commercial property in Chennai but don’t know where to start then you should consult one of the real estate firms in Chennai. These firms can guide you so that you can benefit from the investment that you make on commercial properties or office space in Chennai.

Today, Chennai is considered to be the IT capital of India and the fourth largest metropolitan state. With this status, Chennai’s commercial property is fast developing along with the retail sector as well. Property developers in Chennai are setting up shopping malls which are thing of architectural beauty. This clearly underlines an explosive growth of Chennai’s real estate market. Chennai is becoming a potential place for investment by companies dealing in IT industry and buying a commercial property in Chennai is a good long term investment. The huge impact created by the property development in Chennai has raised the price of many commercial properties. However, a professional real estate company such as Pacifica guides its clients in buying the best office condos in Chennai so that customers get their monies worth.

Basic amenities such as ample car parking space, power back-up, fire detection and protection service, better waste disposal system and a complete business solution such as ATM, food court, retail store and many such facilities are provided by realty companies in Chennai.

by darrowwest

Angad Estate is a one-stop real estate guide,  property consultants for Delhi, NCR and surrounding areas. Dealing in Sale, Purchase, Renting or Residential and Commercial Property. We understand all the problems faced by our clients related to buying, selling and renting of property and provide complete solutions to all their requirements. Pillared by a hardworking team and years of experience, we have associations with companies which are best in the business. Along with most cost effective property dealings.

Finding a house or an office in such a big city can be stressful specially when you are short of time and required information as soon as possible. So it is the need of time to start with an exclusive property that Extreme knowledge of variteyful properties at South Delhi, through which you can choose property according to your need. The Prime Property will help you by short listing the properties which suit your requirement the most.

We are here to guide sellers, buyers, and renters through any real estate transaction. Angad Estate  aims to develop a relationship which guarantees our buyers access to upgraded information about new properties and ensures to give our sellers the power and exposure to a huge network of buyers from other firms in India, a crucial element in any market condition.

Our main goal is to use all our resources to help our clientele to enjoy the best deal in terms of residential and commercial properties. We make sure that we deal with our clientele personally and understand their exact requirements. Moreover, with our valuable services and professionalism we have created a wide range of clientele base.

For Contact Email

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by RedAgenda.com

Vegetable Patch


Image by Dominic’s pics
An image taken at or near the Brighton Earthship located near Stanmer Park, Brighton, East Sussex.

The Earthship – the first built in the UK – is an experimental sustainable development which includes the following features: photovoltaic solar cells, collection of rainwater from the roof, a windmill, using the thermal storage property of the ground (by building "hobbit like" into a hillside), reuse of rubber tires as a building material for the walls.

No one lives here, but regular tours are available by arrangement.

Further information:
Low Carbon Trust
Brighton Earthship Project
Sustainable Development Commission
The UK Earth Centre Network

In recent years the prices of houses has risen considerably, consequently so has the interest in property development. The average house price in the UK is now topping the £200,000 mark; therefore investing in property is now as appealing as ever. But it can be a potentially risky and not to mention expensive investment if not done correctly. This is where a company such as Gregg Street Group can help. They offer a comprehensive and efficient solution to your property development needs, whether you are planning a refurbishment, an extension or a complete rebuild.

The first step to a successful development is to do some thorough research into the area in which you want to invest. One thing to remember is that a large amount of time as well as money is needed in order to guarantee maximum financial success. Particular consideration should be paid to the type of property that you wish to invest in and your chosen target audience. If you are a first-time buyer and unsure about your own abilities as a project developed then some good advice would be to not be overly ambitious and perhaps chose a property that does not require too much refurbishment. For example, it would not be wise to attempt a complete rebuild as a first time development. Gregg Street Group as accompany is able to give relevant advice whatever your status and experience as a property developer. They can also inform you that making simple small scale changes to a property can add value to a property and perhaps guide inexperienced developers towards this route.

Considerable market research must be carried into the social demographic of the area initially. With a rise in divorce more and more single people are looking to buy one-person houses. When your target audience has be chosen you have to consider what they are looking for. If you are buying in an area that is affluent, cosmopolitan and located in the city centre then more than likely your target audience will be young professionals who will be looking for specific properties. Therefore it is important to produce a tailor-made property that is attractive to your target audience.

It is essential to identify and problems with the property at the viewing stages in order to assess whether the problems can be rectified at all. You need to visit the property as many times as possible with trusted trades-people in order to get professional advice on whether the investment is worthwhile or not. Also get some advice on the costing of the work from professionals, especially if this is your first venture. If you are looking to make massive changes to a property then it is advisable to call in the help of a trained architect. Next you need to set a budget in accordance with the professional quotes from trades-men and how much money you are willing to invest. You may also need to obtain planning permission from the council.

From this short article you can see that there is much to consider when investing in a property. It is useful to have connections in the field so that you can obtain as much advice as possible. If you are a first-timer however, you may be new to the property market and need more comprehensive information and guidance. Gregg Street provides a complete service from start to finish and is always on hand to guide you onto the most efficient route possible. They can make your idea become a reality with their wealth of experience and property know-how.

If you are interested in finding out more information then click here.

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by darrowwest

Lincoln Square 273


Image by darrowwest
Come tour the Lincoln Square neighborhood of Chicago with Your Windy City Guide.

Come tour the Lincoln Square neighborhood of Chicago with Your Windy City Guide.

Around the world,many businesses are suffering with financial crisis.In these circumstances,what are the best investment plans?Investing in real estate is a big profitable investment strategy.In this business your returns will be extent.Even tough in these tough times,it is an ideal time to invest your money foreclosure properties like purchase,sell or for residential purpose depends upon the needs of the investor.It is the better time to acquire a well established home for reasonable deals.Purchasing home,it is the biggest financial investments in every ones life.Homes in comfortable areas will gives you attractable returns on your investments.

Every bank will take possession of their property,which are default on monthly installment payments to the bank.These homes are sold by bank through a foreclosure auction.If any home owner tries to sell his property,there are Pre Foreclosure investment opportunities and short sale foreclosure opportunities are available before foreclosure is announced.

Now a days there are lots of housing organization are having their own web sites contains valuable information to provide customer services.You can obtain the auction information available on their web sites.If you do not have much knowledge about internet,it is better to consult a realty investment consultant for more information.And some information is also available in book and guides.You can obtain this information either Internet or a realty agent.You will get maximized returns on these foreclosures in few years form the time your investment is made.You will get a real value on the money spent or the money investment made in foreclosure deals.

Before investing in real investing in real estate business there are lots of points to observe.The present market value of the foreclosure which are interested to invest for and Acquiring the correct value is necessary for your.You need a thorough knowledge regarding this open market.All the returns in based on the price it will receive.Every state in country is having laws regarding what you can and cannot do in foreclosure homes.If you are not following these laws,there lot of points like life Mortgages or Trust deeds, federal tax liens,lease lands wrong property information and many more will hurt investors.I request you to a proper knowledge of this realty business are essential.

Lastly,a house is built by two hands,but a home is built by two hearts.When you are trying to invest in realty,it is better to consult a real-estate consultant.

Agustin Jonathon has been successfully investing in real estate.If your are searching for Information about Real Estate Books, Real Estate Guide,real estate investment consultant,real estate consultant and real estate investment courses please visit our website.

by RedAgenda.com

Elegancy outside and luxury inside with life measured quality


Image by xiaming
A property development near Beijing’s east second ring road.

Of all of the people who become property investors or real estate investors, only a handful will go on to become a property developer. Property development, however, can be fun and highly profitable venture. So what is it that stops people from taking that step over into property development? Many times it is simply a fear of the unknown.

Here are some tips for how to become a property developer and some of the things you will need to do to successful develop property projects.

The first tip is that anyone can do it. You don’t need to be someone special, you don’t need to have real estate qualifications, you just need to be someone who is willing and eager to learn and to work through the issues and solve them as they arise. The role of the property developer is that of a project manager. Hire professionals when you need expert advice and be a good communication and a good organizer and and you will go far!

The second tip is to do your research. You must know your area and the product that the real estate market wants in that location.

The third tip is to do your numbers. Know how much your target market will pay for that product in today’s market (do not factor in capital growth). Find out how much the project will cost, making sure your feasibility study include all expected costs. If this is your first project it is well worth hiring someone to help you with this part as getting the numbers wrong can be a fatal error in terms of your profitability.

The fourth tip is to assemble a good team. Hire experts when you need them and don’t be afraid to pay for them. Use word of mouth referrals where possible and keep hold of the details of anyone you find is a good team member so that you can work with them again.

The fifth tip is to decide upon your strategy. Work out what you are developing, is it a subdivision and adding a townhouse, is it a block of units, is there an existing home renovation involved. Some people like to start small, with a simple renovation, subdivison and unit development whilst other with jump in at the deep end with a 20 townhouse development. Either way, know your strategy.

The sixth tip is to employ a can-do attitute. There will be issues, there will be problems and it won’t all run to plan when it comes to developing property and building real estate projects. The sooner you accept this and meet it with a problem solving mentality, the better things will go and the more enjoyable the experience will be.

The seventh and final tip is to just get in there and do it. The only way to make it happen is to take action!

Part 3 of 13 from Property Development: Secrets of the Wealthy DVD Carly Crutchfield shares some secrets from the world of Property Development For more information contact: CDevelop PH: 02 9371 4799 Email: info@ccorp.com.au Website: ccorp.com.au

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by RedAgenda.com

Property Development Centers Thank You


Image by Eric Fischer

Because property development projects often take some time to complete it is important to be able to identify the different trends that may affect your investment. The last thing you want to do is find yourself buying in an area where the market has begun to cool off or even which has gone completely cold.

Factors that can set or affect Property Development trends
There are a number of different factors that can affect whether a property will move. Some have to do with the property itself. Other factors have more to do with the economy. While you may be able to control which properties you purchase, dealing with economic factors can be more of a challenge. Here is what you need to know about trends in each of these areas.

The good news is that surveys and studies have begun to show that the real estate market is beginning to bounce back. It had been at an unprecedented low due to recent economic issues and while it has begun to bounce back, sales have not yet reached levels that existed before the economic crash. Desirable properties

If you are trying to determine which properties will present you with the best investment and development potential, it is critical to look at income properties. Residential properties such as apartment complexes and condominium complexes that can provide an ongoing source of revenue are much more desirable than properties that may not have this income potential.

However, it is important to be cautious before becoming involved in condominium products. Certain areas of the country such as Florida have a large number of condominiums and income properties on offer and they continue to sell at a vastly reduced rate. It is critical to ensure that the properties you are looking for are located in areas where they will be especially appealing to tenants and which are able to be rented out as quickly as possible.

This is one reason why many developers who may have focused on residential properties in the past are focusing on commercial properties. These properties are moving rapidly, especially if they are in a prime location.

Location is critical
Location has always been a prime factor in determining a property’s desirability. Now, the move has been to developing properties in gateway cities. These are likely to recover faster as people move to them for work or to complete an education. Properties that are located in smaller, more depressed municipalities are still proving difficult to move and are therefore less desirable. This is in spite of the fact that lower pricing may make it possible to snap up and develop these properties for a lower total investment.

By looking at trends it can be easier to predict which properties will provide you with the best possible return on your investment. Speaking with real estate agents may be of assistance as you can work with them to identify trends in your area that you can take advantage of. There are also a number of documents and books on the market that examine real estate trends in greater detail and which may make it easier for you to choose which opportunities are most appealing to you.

Related Property Development Articles

by RedAgenda.com

A property developer upgrades the value of a property. He makes some kind of improvements to the property and increases the value. An individual can be a property developer, but in most of the cases, partnership, limited liability company or corporation. Cheloor property developers is a limited company with extensive property development experience.

The real factor is that property development business is risky. But of curse, property development projects will generally be profitable if the commitment of cash is kept to a minimum and the project can quickly start generating a positive cash flow sufficient to cover debt service. There are some added costs of property developers themselves called hard costs . There are some other cost too to be borne by the property developers, such as the fees of various and micsellaneous consultants necessary to get the work done properly. This cost is known as soft costs.

In Thrissur, nobody needs an introduction to the House of Cheloor. The business family, with a background dating back to more than 200 years and more than a century old business house especially in property development. Thanks to Mr.Ravi Cheloor who changed the focus of the family into business from the traditional roots in agriculture. Mr. Ravi Cheloor accelerated the velocity of this transition by founding Ramdas Movie House.

After the completion of Devaki Auditorium at Guruvayur, as of the part of business diversification, Cheloor business house has stepped into property development and film distribution. Cheloor Property Development Projects Limited is the Company behind a number of successful housing projects in Guruvayur, Thrissur and Ernakulam. Dr. Ramdas Cheloor, son of Mr. Ravi Cheloor is now upholds the visions and responsibilities of his father with untiring zeal.Dr.Ramdas is well experienced and widely travelled person with firm grip on Western values and Indian traditions India’s economy grows and the information technology, and IT enabled services evolves and manufacturing industries expand, property development is emerging with a high velocity. Cheloor Property Development Projects Limited acquire raw land and redevelop the property to construct building projects and they mainly concentrate on apartment construction.

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by infomatique

Fire Bell


Image by Dominic’s pics
Non-electric fire bell.

An image taken at or near the Brighton Earthship located near Stanmer Park, Brighton, East Sussex.

The Earthship – the first built in the UK – is an experimental sustainable development which includes the following features: photovoltaic solar cells, collection of rainwater from the roof, a windmill, using the thermal storage property of the ground (by building "hobbit like" into a hillside), reuse of rubber tires as a building material for the walls.

No one lives here, but regular tours are available by arrangement.

Further information:
Low Carbon Trust
Brighton Earthship Project
Sustainable Development Commission
The UK Earth Centre Network

If you’re like most people you’ve sat watching the various property shows on TV and thought: “I can do that”.

With a new series of Grand Designs launching on Channel 4 recently; Relocation Relocation continuing with Kirstie Allsopp and Phil Spencer, and the usual BBC daytime shows, there’s certainly plenty of inspiration around.

But have you ever thought through the process of property development and what it actually entails?

It’s not an easy process. Often these TV shows take months, sometimes years of work, and edit them down to a single hour’s entertainment (45 minutes if you count the ad breaks).

And there always seems to be a happy ending where the house is finished and the couple who have just moved into property development seem to make a profit.

Can it really be that easy? Well the first step to a successful property development is to understand the process. We’ve broken it down into a series of simple steps, so you can assess how easy you think you’ll find buying a house and doing it up, whether it’s to live in, or as an investment property.

The first thing to do is to work out how feasible the project is. This is typically a research phase, and requires you to see if there are suitable properties available in the area you want to invest in, and what the opportunities are.

For example, in your target area are there plenty of properties that haven’t been updated for a few decades? Or is it full of estates built in the last few years? Successful property development is about taking a house and adding value to it to boost the price. If the house doesn’t need anything doing, there’s little opportunity for you.

Ask local estate agents what they have on their books. Tell them you are looking for a property development project. And don’t forget to look into sales from local property auctioneers.

Once you have found a series of suitable properties make a shortlist and compare the options open to you. Take time to tour properties properly; find out as many details as you can. The more information you have about your potential properties, the easier you will find it to make a decision.

When you have picked a house, the next step is to get a full survey done on it and then buy it. Often people starting a new project such as this have to find funding from somewhere, such as a new loan or extended mortgage. As with all property purchases ensure you have this in place before you start looking (or you will just frustrate yourself and sellers).

And then when you’ve got your hands on the keys, it’s time to start planning and designing the house. What you do will depend on your end goal. If you are looking to build your dream family home, then you will spend a lot of time getting every small detail correct. Whereas if you are doing this property development as an investment, you should spend your time focusing on creating a house that will have huge appeal to potential buyers. Don’t sweat every small detail; do spend time ensuring quality is high.

When the planning it done it’s time to get building. Your choices here are to do it yourself or GSI – Get Someone In. Often property developers start out intending to do the bulk of the work themselves, but soon find it can be more cost effective to hire experts as needed. If it takes you three days to plaster a wall that an expert can do in a morning, would that get your property development project finished more quickly?

Because you won’t be able to sell it until it’s finished. If done properly your house should have huge appeal to your target market. A recently renovated property with no chain should attract buyers quickly. To ensure you get it right, it can be a good idea to get your estate agent involved in the planning stage. They know what kind of buyers are in the market and can advise accordingly.

Finally, when the builders have gone and the cash is in the bank, do a review of the project and work out what you would do differently next time. This is an essential step that shouldn’t be skipped. If you are going to have a career buying houses and doing them up, you will need to learn from every hard lesson.

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by Dominic’s pics

Tire Wall


Image by Dominic’s pics
Brighton Earthship entrance area. Old rubber car tyres / tires are packed with earth and used as building bricks. The end of the wall reveals the curved shapes of the tyres.

An image taken at or near the Brighton Earthship located near Stanmer Park, Brighton, East Sussex.

The Earthship – the first built in the UK – is an experimental sustainable development which includes the following features: photovoltaic solar cells, collection of rainwater from the roof, a windmill, using the thermal storage property of the ground (by building "hobbit like" into a hillside), reuse of rubber tires as a building material for the walls.

No one lives here, but regular tours are available by arrangement.

Further information:
Low Carbon Trust
Brighton Earthship Project
Sustainable Development Commission
The UK Earth Centre Network

Today, I will encourage you to take a good, hard look at yourself to decide which approach to real estate works best for you. I want to make sure your endeavours start out on the right foot, and this crucial step will help you prepare to successfully enter the world of property development and investment.

So read on and dive in!

What kind of property developer can you be?

Let’s get things started with three questions:

1. Do your bank statements make you glow with satisfaction, or do they make you toss and turn all night?

2. Do you have the time to take on new projects and challenges, or is your calendar jam-packed with prior obligations?

3. Are you interested in learning new skills, or would you rather hire someone to take care of your property dealings for you?

No matter how you answered, there is a wealth of options for you. Read on to find out what they are.

Are you a developer or an investor? – Three big differences:

Have a look at this comparison and see which category suits you best.

Investor

1. Involvement: More passive than developers

2. Time frame: Long term – usually 5, 7, 10-year time frames; think yields, capital growth, ongoing management

3. Think of it as playing the stock market, but you’re trading real-life properties instead of shares

Developer

1. Involvement: Active – you’re adding value to your projects (thus creating equity) directly

2. Time frame: Short term – usually 12-18 month cycles from start to finish

3. Think of it as running a business – you are buying, fixing, and selling goods

Here are three basic factors that will determine which way you should go:

Equity. This means all of your wealth that you own. It can be cold hard cash or the available equity in your current house (i.e. what your house is worth, minus what you owe the bank). The calculation is simple: the more equity you have, the easier it is to actually go out and buy a property or develop one you already own. Having some easy-access cash also means that you can hire a professional to handle your development management. This is very common, especially among people with plenty of money but no time.

Time. Any way you slice it, dealing in property takes a lot of time. Whether you’re scouting out neighbourhoods, haggling with contractors or making a sale, you (or someone on your team) must put in the hours. If you have a flexible enough schedule, you can do the work yourself and keep all of the profits. Otherwise, you’ll need to outsource the work to a development manager.

Proximity. For beginners, it’s best to start with properties that are nearby. It will be easier for you to sell, rent and make improvements on your properties if you can keep a constant eye on them. Also, banks are less likely to invest money in out-of-the-way locations. Down the road you can use what you’ve learned to venture farther afield.

Personally, I only go for properties that are located in capital cities, near the coast, and within thirty minutes of a major Central Business District (CBD).

Which of these three categories do you fall into? Read my recommendations:

1. Plenty of time, short on cash flow/equity. If that describes you, let me suggest that you start by setting up deals that you can sell to developers. As a developer, I’m more than happy to pay someone to set up profitable deals for me since this can be an incredibly time-consuming process. But you’ll need more than just time: setting up deals requires a strong network of contacts. If your network is small now, don’t worry. It will grow naturally as you hunt for deals. And once you’ve racked up some equity, you’ll have the freedom to put on your developer hat and buy other peoples deals.

2. Lots of cash, no time. You want to enjoy the healthy profit returns that development offers, but you’re one of those busy professionals who are income-rich and time-poor. Consider hiring a development manager to handle your projects. My tip for you: offer the development manager a fixed fee plus a percentage of the profits – this gives them an incentive to maximize your profits.

3. Good equity, not so much cash flow. This is very common in real estate. My advice is to hit the books, hit the streets, and become your own development manager. It’s equally important to learn how to deal with banks: while business is good, secure lines of credit. That way, when the market goes through a dry spell, you’re covered.

Real estate isn’t always smooth sailing. Read here about three common problems and how you can prepare for them:

1. Funding projects. A lot of people are afraid of dealing with banks. But it’s crucial in order to round up capital. Well, having worked at a bank for eight years, let me put you at ease. Banks only care about one simple thing: minimizing risk. So your bank will be watching you very closely to ensure that all your bases are covered – that you’ll be able to pay back your loan. The more you understand the bank’s position, the more you’ll succeed in the property business.

2. Cash flow. Staying afloat during periods of negative cash flow is probably the single biggest and most common challenge. Development is high capital business; the rewards are great, but so are the failures caused by mismanagement and overconfidence.

If you don’t believe me, consider that Donald Trump came within inches of financial ruin in the mid-nineties. Having overextended himself in more prosperous times, he suddenly became unable to make his loan payments when the recession hit. (He narrowly escaped by restructuring his debt and waiting till the market picked up again.)

Here are some tips to keep your cash flowing: secure lines of credit while business is booming (see Good Equity, not so much cash flow); time your projects wisely and avoid overlap (don’t start a new project until you’ve finished the last); and don’t take on more than you can handle. It’s really important to stay on top of your finances. Record every bit of income and every expense and analyse them constantly. Efficiency is the key. Get lean and mean.

3. Project management. Keeping it all together and delivering your projects on schedule is crucial. I could go on and on about this one (and I will, in future articles) but it all boils down to three points: Time, Cost, and Quality. These should stay balanced at all times. The more quality you deliver, the more it will cost. The more time it takes, the more it will cost and the less profit it will generate. And vice versa.

Regardless of whether you’re leaning toward development or investment, doing it all yourself or working with professionals, I urge you to do your homework! Go to workshops. Read relevant books and journals. Get a coach. Become a student of the property business. Keep on asking questions – of yourself and of others – and you’ll be surprised how quickly you can move toward your real estate goals.

by darrowwest

Lincoln Square 215


Image by darrowwest
Come tour the Lincoln Square neighborhood of Chicago with Your Windy City Guide.

Come tour the Lincoln Square neighborhood of Chicago with Your Windy City Guide.

When you are going to buy real estate in another country, it is safe to say, that while certain basic principles of buying real estate are similar where ever you are, there are definitely things you will need to know that distinguish that market and business practices in that country from practices you are used to from back in the U.S or Canada. This is true about Puerto Vallarta Real Estate; if you follow a few basic steps, owning real estate in this beautiful beachfront city will be the experience of your lifetime. While there are many steps involved in the process from beginning to end, the following three steps will put you off to a really good start.

1. Get information

Get information about everything important for your Puerto Vallarta real estate purchase. Find out about communities in the city; do you want to live in a trendy neighborhood a short walk from the charming downtown (such as Amalpas), or in a newly developing area a convenient drive away, such as Nuevo Vallarta? Check the internet, visit, ask people, and choose a few options; don’t close too many doors. What’s life like in Puerto Vallarta? This research will help you know what you want in your property search, and confirm that Puerto Vallarta offers the sophisticated beachfront lifestyle right for you. What’s the purchasing process like in Puerto Vallarta? How is it different from the U.S.? Some excellent Mexico real estate guides in the format of e-books are available for free download on the internet.

2. Research Properties

What kind of property do want? A beachfront condo? A luxury villa with an amazing view? A home with a traditional Mexican style? Find a thorough Puerto Vallarta MLS listings web page to see what’s available in your price range and what appeals to you most. Note details of properties, such as price, descriptions, listing number and location (research again if you don’t know this particular neighborhood.) Some websites allow you to use Google Streetview to take a little “virtual walk” around the area of Puerto Vallarta. Make sure you have a few good options, and don’t consider this a final decision – right now you’re just feeling it out.

3. Find a Reliable Agent

This is the most important single step of buying your Puerto Vallarta real estate. While these three steps are only the beginning, a reliable agent will guide you through the process, step by step, making sure that you follow all procedures correctly, avoiding unnecessary risks. Also, show your agent the properties you’re interested in, and they will help you find more suitable properties for your price range and tastes.

You can tell if an agent is right by checking experience, credentials, certifications and reputation. The most reliable agents will have excellent references. If you did your research in step one, you will see this same agent carrying out the steps involved in purchasing Puerto Vallarta real estate, and pleasantly surprising you with finding innovative solutions for your unique situation. The many steps that follow this one will be made considerably easier, and you will be able to have the confidence that they are being done right if you have found the right agent.

Ready to buy real estate in Puerto Vallarta? While you do have some work ahead of you, doing it right will make this the best experience of your life!

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