Posts Tagged ‘property’
18 Key Success Factors to Property Development Profits
Grandiose inhabitation project
Image by xiaming
Chinglish marketing copy in China’s property development boom appeals to sharply upwardly mobile social climbers, desperate to show all the world that they have more than their peers. Here, young homeowners may inhabit a grandiose project. Its a question of taste.
Is your Property Development project on track? Is it making enough money to fund more projects and grow your equity? Property Development is an extremely rewarding business and if you are to make the most of it you will need to learn as much as you can.
Here are 18 ways you can improve profitability of your project.
1. Negotiate agent commissions.
Everything is negotiable. The only caveat is, if they don’t get enough they may not do a good job. So win-win thinking here is best.
2. Watch and record all expenses like a hawk. Efficiency is the way of future.
3. Negotiate long term contracts with builders.
Or if you are like me and a builder-developer have a panel of contractors.
4.Buy appliances at auctions and store them until required.
Currently I don’t have a space for inventory, so this is on the agenda.
5.Market research.
Know you market and give them what they want. For example a double garage in some suburbs is a must. If you don’t provide it, you will be penalised by the market.
6.Go green.
Research indicate buyers will pay a premium for sustainable houses (this will be the next major wave of innovation in residential building practices).
7.Negotiate Lending rates.
Shop around. Half a percent on a million or two of lending adds up!
8.Rent houses while in planning stages.
Goes without saying, but you would be surprised how things can get out of hand.
9.Maximise sales prices.
Don’t accept the first offer. Push back on the agents to go back and negotiate a better deal.
10.Sell completed.
If cash flow allows. Of course it may be prudent to sell off plan to minimise risk and exposure. However, the public really has a hard time visualising the end product, so selling completed will yield a higher price.
11. Understanding government policies and their implications
A good understanding of the government and council approval regulations and processes. These can be onerous! Understanding of tax legislation and financial markets and an ability to negotiate favourable borrowing facilities.
12. Build Houses currently favoured by the market
Identifying rental properties and/or land located in prime locations. Property investors and land developers should target property hat is attractive to targeted markets. I am planning an article to detail what the current market wants for a given type of dwelling.
13. Good project management skills
This is so important. Project management skills are important for those with negotiating approval processes, with construction activities and/or with building maintenance programs.
14. Effective cost controls
Property investors and land developers should have effective cost controls to maximise profitability. Efficiency is paramount.
15. Output is sold under contract – incorporate long-term sales contracts
Property investors can reduce risks by negotiating long term leases with strong tenants. Land developers can reduce risk by pre-selling lots.
16. Maintenance of excellent customer relations
Property investors should ensure a reasonable relationship between the landlord and tenant. I also focus on superior marketing. In business there are two major focuses. Marketing and Innovation. Think Apple.
17. Carrying out all necessary maintenance to keep facilities in good condition
Property investors should monitor the state of the property and ensure maintenance. If you are managing a property then maintenance programes are very important, it is tempting to do only the essentials, but at some stage the work must be done or the capital values will be affected.
18. Market research and understanding
Skill and knowledge to: understand the property market cycle; localised market conditions; landlord/tenant and/or land & building legislations and processes; tax implications; financial markets; and negotiate borrowing facilities. Be a student of the market and Property Development in general.
Finally think like an entrepreneur. Focus on innovation, doing things better, adapting ideas. They want to be rewarded for their success. You will need to be all of these things. Property Development is a very entrepreneurial activity. You need to visionary and see the end before anything has started. To be able to see the potential.
As a real estate developer you are a “specialist generalist”. There are so many specialists which need to touch your project, so focus on keeping the good ones, building your contacts and relationships. It will pay off in superior quality.
Of course all of this is learn-able and scalable. You can start on small projects and work your way up. The sky is the limit.
I started with small renovation projects that involved repainting and building a picket fence. And worked my way up where I now manage 7 figure projects.
Boldness has genius, power and magic in it. Begin now.
Promotional Clip of Primewaterview Ltd -Nigeria’s Luxury & Property Developers Lagos Nigeria at Best of Nigeria Expo 2010
Video Rating: 5 / 5
18 Key Success Factors to Property Development Profits
Grandiose inhabitation project
Image by xiaming
Chinglish marketing copy in China’s property development boom appeals to sharply upwardly mobile social climbers, desperate to show all the world that they have more than their peers. Here, young homeowners may inhabit a grandiose project. Its a question of taste.
Is your Property Development project on track? Is it making enough money to fund more projects and grow your equity? Property Development is an extremely rewarding business and if you are to make the most of it you will need to learn as much as you can.
Here are 18 ways you can improve profitability of your project.
1. Negotiate agent commissions.
Everything is negotiable. The only caveat is, if they don’t get enough they may not do a good job. So win-win thinking here is best.
2. Watch and record all expenses like a hawk. Efficiency is the way of future.
3. Negotiate long term contracts with builders.
Or if you are like me and a builder-developer have a panel of contractors.
4.Buy appliances at auctions and store them until required.
Currently I don’t have a space for inventory, so this is on the agenda.
5.Market research.
Know you market and give them what they want. For example a double garage in some suburbs is a must. If you don’t provide it, you will be penalised by the market.
6.Go green.
Research indicate buyers will pay a premium for sustainable houses (this will be the next major wave of innovation in residential building practices).
7.Negotiate Lending rates.
Shop around. Half a percent on a million or two of lending adds up!
8.Rent houses while in planning stages.
Goes without saying, but you would be surprised how things can get out of hand.
9.Maximise sales prices.
Don’t accept the first offer. Push back on the agents to go back and negotiate a better deal.
10.Sell completed.
If cash flow allows. Of course it may be prudent to sell off plan to minimise risk and exposure. However, the public really has a hard time visualising the end product, so selling completed will yield a higher price.
11. Understanding government policies and their implications
A good understanding of the government and council approval regulations and processes. These can be onerous! Understanding of tax legislation and financial markets and an ability to negotiate favourable borrowing facilities.
12. Build Houses currently favoured by the market
Identifying rental properties and/or land located in prime locations. Property investors and land developers should target property hat is attractive to targeted markets. I am planning an article to detail what the current market wants for a given type of dwelling.
13. Good project management skills
This is so important. Project management skills are important for those with negotiating approval processes, with construction activities and/or with building maintenance programs.
14. Effective cost controls
Property investors and land developers should have effective cost controls to maximise profitability. Efficiency is paramount.
15. Output is sold under contract – incorporate long-term sales contracts
Property investors can reduce risks by negotiating long term leases with strong tenants. Land developers can reduce risk by pre-selling lots.
16. Maintenance of excellent customer relations
Property investors should ensure a reasonable relationship between the landlord and tenant. I also focus on superior marketing. In business there are two major focuses. Marketing and Innovation. Think Apple.
17. Carrying out all necessary maintenance to keep facilities in good condition
Property investors should monitor the state of the property and ensure maintenance. If you are managing a property then maintenance programes are very important, it is tempting to do only the essentials, but at some stage the work must be done or the capital values will be affected.
18. Market research and understanding
Skill and knowledge to: understand the property market cycle; localised market conditions; landlord/tenant and/or land & building legislations and processes; tax implications; financial markets; and negotiate borrowing facilities. Be a student of the market and Property Development in general.
Finally think like an entrepreneur. Focus on innovation, doing things better, adapting ideas. They want to be rewarded for their success. You will need to be all of these things. Property Development is a very entrepreneurial activity. You need to visionary and see the end before anything has started. To be able to see the potential.
As a real estate developer you are a “specialist generalist”. There are so many specialists which need to touch your project, so focus on keeping the good ones, building your contacts and relationships. It will pay off in superior quality.
Of course all of this is learn-able and scalable. You can start on small projects and work your way up. The sky is the limit.
I started with small renovation projects that involved repainting and building a picket fence. And worked my way up where I now manage 7 figure projects.
Boldness has genius, power and magic in it. Begin now.
property development loans
Brighton Earthship Roof View
Image by Dominic’s pics
The south facing Earthship is built into the side of a hill to take advantage of the thermal properties of the ground – slow to warm up; slow to cool down.
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
Property Development Loan
A property development loan is a loan which is specifically designed to develop a property. Typically a property development loan is enough to cover the entire process of developing a property. This includes zoning, preparing the land, installing water, sewer and electricity, and building whatever structure will be built on the land. In most situations commercial lenders will split up the entire loan and doll it out to the business as it progresses through each stage of the development plan. The main reason lenders do this with a property development loan is to reduce the risk. By splitting the loan up they stand to lose less if things fall through.
Like most commercial loans a property development loan will be given with a higher than normal interest rate. This is to alleviate the higher level of risk associated with a property development loan. In some cases a business seeking such a loan may be able to get a better interest rate by working with a commercial loan broker. While using a commercial loan broker cannot guarantee a better interest rate it often helps because the loan request is presented to several lenders. The credit history and revenue history of the business will often affect the interest rate and other loan terms.
Like most commercial loans a property development loan will be given with a higher than normal interest rate. This is to alleviate the higher level of risk associated with a property development loan. In some cases a business seeking such a loan may be able to get a better interest rate by working with a commercial loan broker. While using a commercial loan broker cannot guarantee a better interest rate it often helps because the loan request is presented to several lenders. The credit history and revenue history of the business will often affect the interest rate and other loan terms.
Like most commercial loans a property development loan will be given with a higher than normal interest rate. This is to alleviate the higher level of risk associated with a property development loan. In some cases a business seeking such a loan may be able to get a better interest rate by working with a commercial loan broker. While using a commercial loan broker cannot guarantee a better interest rate it often helps because the loan request is presented to several lenders. The credit history and revenue history of the business will often affect the interest rate and other loan terms.
http://www.businessfinancebroker.com/Business-Loans.html
Find More Property Development Articles
property development loans
Brighton Earthship Roof View
Image by Dominic’s pics
The south facing Earthship is built into the side of a hill to take advantage of the thermal properties of the ground – slow to warm up; slow to cool down.
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
Property Development Loan
A property development loan is a loan which is specifically designed to develop a property. Typically a property development loan is enough to cover the entire process of developing a property. This includes zoning, preparing the land, installing water, sewer and electricity, and building whatever structure will be built on the land. In most situations commercial lenders will split up the entire loan and doll it out to the business as it progresses through each stage of the development plan. The main reason lenders do this with a property development loan is to reduce the risk. By splitting the loan up they stand to lose less if things fall through.
Like most commercial loans a property development loan will be given with a higher than normal interest rate. This is to alleviate the higher level of risk associated with a property development loan. In some cases a business seeking such a loan may be able to get a better interest rate by working with a commercial loan broker. While using a commercial loan broker cannot guarantee a better interest rate it often helps because the loan request is presented to several lenders. The credit history and revenue history of the business will often affect the interest rate and other loan terms.
Like most commercial loans a property development loan will be given with a higher than normal interest rate. This is to alleviate the higher level of risk associated with a property development loan. In some cases a business seeking such a loan may be able to get a better interest rate by working with a commercial loan broker. While using a commercial loan broker cannot guarantee a better interest rate it often helps because the loan request is presented to several lenders. The credit history and revenue history of the business will often affect the interest rate and other loan terms.
Like most commercial loans a property development loan will be given with a higher than normal interest rate. This is to alleviate the higher level of risk associated with a property development loan. In some cases a business seeking such a loan may be able to get a better interest rate by working with a commercial loan broker. While using a commercial loan broker cannot guarantee a better interest rate it often helps because the loan request is presented to several lenders. The credit history and revenue history of the business will often affect the interest rate and other loan terms.
http://www.businessfinancebroker.com/Business-Loans.html
Property Development Tips and Advice
If you’re new to property development and are looking to making money buy either selling on or renting then you really need to do some research particularly in this economic climate.
Location, location, location as the TV show says is very important especially if this if your first property development. You need to have a good idea about the house market in the area you are thinking of buying. Buying locally might be wise for a fist time property developer as you should have a good idea of what areas are being developed and if there is a need for rented accommodation in the area. If you’re unsure of what’s happening in an area you will need to do some research. You could ask local estate agents, read local papers and just generally ask people in the area. For instance if there is a university in the town and your planning on renting out the development then find out where it is and check the properties in that area. Also look at local transport and facilities.
A great way to get ahead of everyone else is to know where the up coming areas are in the town. Many towns have regeneration areas where lots of local government money is being spent on areas. A useful tip is to be wary of what estate agents say. Remember they will be wanting to make a sale so may describe an area as up and coming when in reality that might not be the case. Ask them what type of properties have sold recently and for how much.
Another useful tip is to remember to keep your business head on and always follow your business plan. It is very easy to fall in love with a property which is not going to get you the best return. Just because you like a property it doesn’t mean it will be the right type of property to develop to either sell on or rent. You should have a list at hand with what you require from the property and stick to it.
Once you have chosen the right property you are then going to need to find the right builder to do the development. This part could make or break your development so it’s important to find the right building company.
Hiring a building will only provide you with skilled labor which means you will be acting as your own contractor which means you will have to prepare all the necessary permits relating to the project. This is fine if you have the time to do the research necessary. You will also have to coordinate all aspects of the development which it fine for an experienced developer but not for a first timer. Coordinating the architect, designer, electrician plumber etc could be a right ordeal if not done correctly. It’s a bit of a balancing act and shouldn’t be taken on lightly.
First time developers almost certainly should hire a contractor and let the experts deal with all of the above. However like the property you need to do a bit of research to find the best one. Check online for building contractors and ask for references.
Like everything we do in life, preparation is the key to a successful conclusion. The more time spent researching every aspect of your property development, the more likely your development will turn out well. At the end of the day you want to make the most amount of profit, and you won’t do that if you jump in head first without looking at everything.
How can a Broker help in raising property development finance in the UK?
CG-SK-Upclose
Image by outofscale
screen capture of St Kilda Triangular Site Development by Citta Property Group. video from Port Philip Council. (http://www.portphillip.vic.gov.au/triangle_site.html)
1. Benefits of using CD Property Finance as your broker.
In these uncertain times for property developers there really is only one certainty – it will not be straghtforward raising the finance for your development! We all know the reasons for this – the banks overstretched themselves and are now clamping down hard on the property sector.
However, do not despair. As a broker with over 25 years in property development finance Chris Dowdeswell of CD Property Finance has retained very close relationships with the banks and investors that really count. This means that Chris can still source attractive finance packages on competitive terms. If you instruct CD Property Finance to work on your behalf you will benefit from:
1 – Our market knowledge of which banks are lending and on what types of projects, and where.
2 – Access to other funding sources, such as cash rich investors.
3 – Preferential rates – we negotiate hard for our clients!
4 – Our knowledge gained over 25 years of what information lenders need to be presented with and how it should be presented. CD Property Finance thus gives you a head start over other developers and helps you jump the queue for the banks’ attention (and their money!).
5- Personal service from Chris Dowdeswell A.C.I.B
2. Hampshire case study
In June a high street bank business manager known to Chris Dowdeswell for 10 years called us to say that they had been asked to lend an experienced developer about £100,000 to finsh off the construction of two small houses in Hampshire. The bank – one of the ones we all now have shares in! – told us that their credit department had refused to lend even though the £100,000 loan represented only 30% of the value of the completed houses. Could CD Property Finance help?
We immediately knew that we could and arranged to meet the client within a couple of days. We gathered all the information we knew our lender would need and presented it to them straight away. The lender met the developer within a few days and offered all the money they needed to complete the two houses. The developer was able to draw down his funds within four weeks of meeting the lender.
Our developer client was extremely grateful for our service and advised us that if CD Property Finance had not been able help he would have had to close the site down and lose much of his own money.
3. West Sussex case study
A valued client obtained an option to buy a site in West Sussex. He was able to achieve a planning consent for 3 detached houses and approached Chris Dowdeswell for a loan of £1,000,000 to develop the site. Despite the difficult prevailing conditions we were able to arrange the loan with a bank whose senior director we had known for over 20 years.
This strong relationship led to the bank lending 82% of the total cost of the development – an unusually high percentage in the current economic climate – with the bank taking a small share of the profits of the scheme.
4. What are the different finance types?
Development finance may appear quite complex but the elements can be simply be broken down depending on the loan structure required by the client. The most commonly used are:
Bank finance (see below) + Developer cash = 100% cost
Bank finance + Mezzanine finance (see below) + Developer cash = 100% of cost
Equity finance (see below) = 100% of cost
5. DEFINITIONS
Bank finance – usually around 65% of the cost of the project, secured by a first charge over the development site.
Mezzanine finance – usually about 20% of the cost of the project secured by a second charge over the site
Equity finance – 100% of project cost, often in the form of a joint venture between the developer and the investor. Profits are usually split 50/50.
For further information, please contact chris at chris@cdpropertyfinance.com or visit our website www.cdpropertyfinance.com
Related Property Development Articles
Realtors in Ahmedabad, Real Estate Property Developers Ahmedabad
Brighton Earthship Solar Panels
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
Ahmedabad is one of the most important destinations for real estate investment so, realtors in Ahmedabad are leaving no stone unturned to acquire a piece of land and sell it to the investors. Ahmedabad property market is growing due to the increasing infrastructure being provided by the government like BRTS, Sabarmati river front project, the eight lane highway, flyovers, NANO project etc. Many real estate builders in Ahmedabad are constructing residential as well as commercial properties in Ahmedabad because of the growth of manufacturing and service industries.
The city is not only considered to be the commercial capital of Gujarat and the seventh largest city in India but is also a potential place for investment in properties. The residential as well as commercial sector in Ahmedabad is in great demand because property dealers in Ahmedabad have helped in grasping lot of foreign investment by the non resident Indians, which has led the real estate market to grow. Real estate developers like Pacifica Companies can help you find the right property as per your requirement. In Ahmedabad the capital offer on the property is affordable which makes more and more people to invest in property. As the world’s population continues to rise, residential accommodation in Ahmedabad will continue to be a solid investment.
More number of people are shifting Ahmedabad due to more and better educational and professional facilities being provided here. More number of educational institutes like NID, IIM, NIFT, etc have developed which leads to more number of students or youngsters to shift Ahmedabad for higher studies and similarly with the development and increasing number of industries and multinational companies, more number of people are getting attracted because of employment. This leads to increase in building of new houses where they can stay. Most of the people after some time tend to purchase or invest in property as they have to spend lot of money in rent. So, investing in property is a better option. This is the time when one needs residential property developer who could help them invest on the right property and Pacifica Companies are the ideal match for this kind of investment. Pacifica Companies makes sure that all the deals are dealt with complete transparency and accuracy and disclose all the facts.
With improved infrastructure like better water supply, electrical supply and transportation to its citizens and investors, huge investment in the residential and commercial sector in Ahmedabad has taken place. New real estate projects have pushed property rates to new highs. From investment point of view Ahmedabad certainly has very good prospects in store. Except Ahmedabad there is no other city in India that focuses a lot on developing its infrastructure, this is one of the reasons that more and more real estate property developers are coming and investing here. There is a wide variety one can find in residential property and one can invest according to his or her requirement. People who wish to have luxurious life can invest on independent bungalows, luxurious villas, big apartments. A huge sum of money is required for these residential accommodations. These places are provided with especial amenities like jogging park, swimming pool, club, gymnasium and also better water and electricity supply and better transportation is provided. People can fall in love with these kinds of places. But, there are houses for those people also who cannot invest huge amount of money and realtors in Ahmedabad can help them in purchasing suitable property according to the budget.
Residential Property ? Residential Property Developers Ahmedabad, Real Estate Property Developers Ahmedabad
Brighton Earthship Front / Right Elevation
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 the recent years property market and the real estate has been at its boom and has given birth to excellent opportunities for investment. Residential property in India has witnessed phenomenal price increase. As the world’s population continues to rise, residential accommodation will continue to be a solid investment. Not only real estate developers but even non residential Indians are investing a huge sum of money on property in India. In fact, the residential sector is in great demand because property developers in India have helped in grasping lot of foreign investment by the non residential Indians, which has led the real estate market to grow.
A lot of people are making real money with their residential property investment. People tend to purchase and sell the property for more financial benefits as the resale value is always higher than the purchase value. These days people want to have comfortable as well as luxurious life and for this people are even ready to invest more on the property. People wish to have luxurious bungalows, villas, spacious apartments with various amenities like swimming pool, gymnasium, park for children and much more. Buy residential property from Pacifica Companies. Pacifica real estate Company is planning to design residential properties in an elegant way by keeping in mind the taste of people. Most of the residential properties will have well-decorated and fully-furnished rooms. The rooms will be spacious, well illuminated and will be good from ventilation point of view.
For many people residential property is a one-time investment, so they need a place where all the basic facilities like better water and electricity supply and better transportation are available. People even look for places where educational institutes, hospitals, malls, hotels, industries are developed so that they don’t have any problem in future. But, the location of a residential property plays a vital role in the determination of its market price and with the provision of all these facilities the cost of the property increases. The best time to invest on property is when recession is going on and at present the real estate market is very slow so this is the perfect time for investment.
Flats or apartments in India are considered as the most viable housing solutions for a major section of home seekers. This is because of the availability of apartments in an array of design and price range. The builders are constructing the apartments in a high infrastructure with the good locality, providing similar amenities as provided in residential bungalows. But, these apartments are for those who can invest high amount. At the same time there are apartments that cost less and even a person with moderate income can easily afford. In comparison to bungalows apartments are also good from safety point of view. They are neat and provide various facilities like garden, vehicle parking, park for the children, 24-hour power backup, water supplies etc. The best time to purchase or invest in property is recession because it inevitably brings down the property prices. This creates interest in purchasing residential property because property rates become more affordable to middle income level people. Another reason is the revised pay scale for Government employees, higher pay and perks of private sector, etc. Owing to these multiple factors middle income group, can easily invest in residential property.
Rent Property in Dubai ? Information for Accommodation in Palm Jumeirah Apartments
125/365: 2006-2007
Image by bloody marty mix
Sunday, 28 September 2008.
40 Years in 40 Days [ view the entire set ]
An examination and remembrance of a life at 40.
For the 40 days leading up to my 40th birthday, I intend to use my 365 Days project to document and remember my life and lay bare what defines me. 40 years, 40 qualities, 40 days.
Year 39: 2006-2007
At the beginning of October, 2006, Kurt and I were beside ourselves with excitement. Kurt’s team, the Cardinals, and my team, the Tigers, would meet in the World Series. We joked about how romantic and perfect it was, and we trash-talked each other’s teams, gently ribbing and teasing when someone made an error or struck out.
I would miss part of that series, however, because I was in the hospital. I’d had an episode of heart palpitations while driving to work. I’d always had occasional palpitations, even as a teenager, but they were always over just as soon as they’d begun. This time, they didn’t stop. I felt my field of vision closing in front of me, so I pulled over to the side of the road, sure I was going to pass out. I thought, you’ve got to be kidding me. This is how I’m going to go? Sitting by the side of the highway during the morning commute to my soulless corporate cubicle? And then it stopped. I sat there for a minute, just breathing and making sure that it really was over, then got back on the road and drove to my office. When I got there, I told my boss what had happened, and that I needed to go to the hospital to get checked out.
When I walked into the emergency room and told them that I thought I was having heart trouble, they didn’t even bother writing my name down before whisking me back into the treatment area. They hooked me up to every conceivable machine, did a CT scan, and took vials of blood to test. Nothing turned up. They suspected it was a combination of stress, lack of sleep, and having just finished a course of prescription decongestants, but they kept me overnight for observations anyway. They set me up in a room in the cardiac wing with wires hanging from my chest and abdomen. Nurses down the hall monitored my heart rate and blood pressure. The next morning, they did an echocardiogram (heart ultrasound). Still nothing. It was time to face facts, the doctor said. I was too stressed. I needed to chill out. I rolled my eyes. There was no way that was going to happen. In addition to the stressful job, I had also begun taking design and metalworking classes to indulge my interest in jewelry design. My schedule wasn’t going to be getting any easier for months. Then, as if to mock his own admonition to relax, he informed me that the CT scan had turned up a mysterious mass on my liver. And thus began my weird health odyssey.
The doctors suspected that the mass on my liver was a giant hemangioma (basically a big, blood-filled, internal birthmark), but they needed to do an MRI to be sure. The MRI confirmed the diagnosis. I had a very large blood-filled sac on my liver, and if it broke open, I could die. Unfortunately, the surgery to remove it would be just as likely to kill me, so my best option was to simply make sure I never got hit really hard in the liver. Well, OK.
The MRI, in turn, had turned up something looking suspiciously like gall stones. I was immediately scheduled for a consultation with a gastrointestinal surgeon. The surgeon was iffy on whether or not to remove the gall bladder. If I didn’t want kids, he said, it was a no brainer: leave it in. If I had any plans to get pregnant in the future, then it was a bit more complicated. If I had a gallstone attack while pregnant, it could be both excruciating and dangerous, but, he noted, also highly unlikely. I was having some symptoms that were somewhat consistent with gall stones, but he felt they were likely something more pedestrian, like IBS. He shoved me along to a gastroenterologist.
The gastroenterologist (who for all the world looked exactly like a guy I once had a huge crush on) decided he’d better do a colonoscopy and endoscopy. I reported for "duty" and just as the doctor (who, did I mention, looked exactly like a guy I once had a huge crush on?) sat down to go to work, I gratefully slipped under the anesthesia. When I awoke, I had a vague memory of choking on something, and nothing else. Kurt stayed at my bedside while I slowly came out of the fog, breaking wind like a frat boy at a Mexican rodeo. Now that’s love, I thought. The -oscopies didn’t turn up anything, either, and so I walked away from my medical odyssey with nothing but a smaller bank account and a paranoid desire that nobody ever punch me in the liver.
That was not to be the end of my trials and tribulations, though. In late July, shortly before my brother was to come to Chicago for a visit, my apartment was invaded by bird mites. The closet in my bedroom featured a mysterious portal to the outside. It had been boarded up loosely and, other than some idle speculation as to what its original purpose was, I didn’t think much about it. That spring, some pigeons had begun nesting there, and when the babies hatched it set up such a ruckus that I couldn’t sleep whenever they were awake. I anxiously awaited the day the babies would leave the nest. Unfortunately, when they did, the mites that had been feeding on them, poured into the house through the portal in search of other food. They found me.
The next month was hell. Pest control could do nothing to stop them. Despite them having told me that they wouldn’t be interested in biting me because I was not a bird, my body was covered, head to toe, with painful welts. I began to research the problem on the internet, and what I uncovered filled me with horror and hopelessness. Bird mites are notoriously hard to get rid of, seem almost random in their choice of target (often leaving others in the same house untouched), and impervious to most pest control chemicals. Their life cycle can be rapid, reproducing and multiplying after just days, or they can adjust to sub-optimal environments by slowing their life cycle. I felt trapped and doomed, and I needed to get out, so I just walked away. I took myself and the cats and some clothing (dryer heat is one of the few things that kills the mites outright) and left the apartment and almost everything I owned. I got the cats cleaned up at the vet, and then moved in with Don W., an old roommate and friend of mine from college. I got in the shower with my clothes on, stripped down in the hot water, put my clothes in a garbage bag, and enjoyed the feeling of being safe once again. I lived with Don W. for the next three months, until I was able to get a short-term lease on a furnished apartment near work. I was planning to move to Kentucky to be with Kurt in January.
Kurt, meanwhile, had plans of his own. My birthday happened to fall on Homecoming weekend that year, and he had something special in mind for a birthday gift. On Friday night (the night before my birthday), as we were getting into our sleeping bags in the tent, Kurt asked me to wait a moment before going to sleep. He had something he wanted to show me. He turned around and fumbled around in his bag in the corner of the tent. When he turned back to me, he was holding out a small white box, opened to reveal a ring. He put it in my hands and said, "I don’t want to live another day having to introduce you as just my girlfriend." We cried and laughed and hugged until our eyes grew too droopy to see clearly, then snuggled back down into our sleeping bags and fell asleep.
Who am I?
I am moderately healthy, actually.
By all rights, I should be a complete wreck. The genetic odds are stacked against me: diabetes, heart disease, cancer, mental illness. The lifestyle odds are stacked against me. I’m fat and have spent many years abusing the hell out of body. And yet, I seem to have remained mostly untouched by the worst of what should have come to me by now. I’m probably living on borrowed time, but for now, it seems to be working.
I credit the generous application of bacon.
[ view previous | view next ]
Migrating to a foreign country can be daunting and seeking a suitable place to rent can be intimidating. The population of Dubai is continuously increasing making the demand of rent property in Dubai is relatively higher than the previous year. Stats shows that just around 50% of Dubai residents are spending 30% ore more of their income on accommodation expenses. It is because most of the foreign workers due to short-term work contracts opt to lease instead of spending in the real estate. For the sake of financial relief to those looking to rent property in Dubai, Dubai government has imposed a law which restricts an owner not to exceed 5% of the annual lease price.
It is typical that tenant is given a package of Housing allowances. In past, companies would cover the rental bill completely but the trend has changed now. Lately, tenants are allocated a specific percentage on total annual rental cost. The rest of rent is to be paid out of the salary. Other considerable expenses incurred when someone tries to rent a studio in Dubai or an apartment in Dubai is a security deposit (refundable), possible parking fees, utilities, municipality fees (5% of the lease) and 5% commission of a real estate agent in Dubai. The landlord has to bear the expense of maintenance and repairs of the property. Tenants are restricted not to make any changes to the property structure without the permission of landlord.
It is quite often for a lease to be drawn up between the tenant’s company and the landlord. For a tenant to sign a lease himself, he should have his residence visa. The normal timeline of a lease is 1 year or 11 months. Unlike other countries where rent is paid on monthly basis, in Dubai a tenant is charged upfront the rent of entire year. Incase, the rent is paid on bimonthly basis, then also a tenant is supposed to provide two checks together. The first one is a current dated check with the amount of a rent of the first 6 months and the second one is a post-dated check with amount of a rent of the next 6 months. It is significant to consider the fact that once tenant signs a lease, he is tied to the contract. If tenant wants to terminate the lease, he has to take permission from the apartment owner. The good news for tenant is the favor that Dubai law gives to them. Property owners are not supposed to compel a tenant to depart without extremely reasonable grounds even if the lease is only for a year, as long as the tenants do not break any aspects of the contract, the lease is presumed to be renewable. The dispute between property owners and tenants are managed by Municipality (The Dubai Rental Committee) if it occurs.
After the analysis of cost on rent property in Dubai or rent studio in Dubai, the foremost concern is to determine the location. The most popular and preferable areas for European and USA residents are PalmJumeirah Apartments mostly situated near the beach park. These apartments are luxuriously furnished with large living area and quite affordable to rent property in Dubai.
If you are searching for a rent property in Dubai or a rent studio in Dubai, go to: http://www.halconrealestate.com/index.xhtml
Top Notch Property Developers in Dubai
Dubai reminds us of some of the most amazing building structures in the world which makes Dubai real estate market an ever expanding one. From the property development view, the country seems to be attractive for people who are thinking to settle outside their home country, thus this city is developing as a nation featuring an epitome of globalization. The emirate is creating such a real estate boom which will tickle the fantasy of most of the people.
Moreover, this emirate is over flooded with some of the best architects and property developers across the globe. The city hosts some amazing flagship properties created by these well known developers. Some of the renowned property developers in Dubai are:
Nakheel
It is also known as Nakheel Corporation which is the most prestigious real estate company in Dubai. It deals in freehold property in Dubai and its real estate development ranges into commercial, retail, tourist and residential property projects. The 3 man-made palm tree shaped islands are the flagship properties which Nakheel has. Some other important projects are: Jumeirah Islands, Dubai Waterfront, The World etc. Sultan Ahmed bin Sulayem is the executive chairman of Al Nakheel.
Dubai Properties
It is a part of the Dubai’s Government’s Dubai Holding which was created in order to combine various large scale property and investment projects thus, contributing towards country’s social, economic and industrial developments. Dubai Business Bay is the freehold property which is being built on an extension of the Dubai Creek. Various other property projects include: Dubailand, Dubai International Properties, Dubai Knowledge Village and IMPZ etc.
Emaar Properties
This is a Public Joint Stock Company which was opened in the year in 1997. It has been listed on the Dubai Financial Market. The Emaar Properties is known as the largest real estate developer in the region in order to provide freehold property in Dubai. Burj Dubai is the Emaar’s flagship property.
Damac Properties
This is one of the leading freehold real estate companies in Dubai and it is referred to as the largest privately owned developer in Dubai. It is a member of the Dubai based Damac Group which was set up in the year 1982. It has majorly developed residential towers in Dubai Marina. This property developer has majorly focused on residential towers thus; it’s a luxury lifestyle provider. Apart from the residential constructions, it has also focused on commercial towers as well.
propertydevelopmentsource.com runs through the property development process with a map of land development steps. Find more at http
Video Rating: 4 / 5
Related Property Development Articles
Luxury and Affordable leasing property in India
Image by Runs With Scissors
in new york it is very easy for landlords to sit on property and not lease would affordable apartments to those who want to live in them.
sit on anything long enought, sell or knock it down and profit from more afflunet costumers.
Leasing properties have forever been a lively part of India real estate. Chatting about the picture of properties for hire in India, there are countless leasing properties in more than 200 cities transversely the country. Lately, insist of India real estate particularly in metros has turn into the main interest seeker, counting the chief cities like Chennai, Delhi, Kolkata and Mumbai.
With the upward requires for real estate India, a flat for hire has turn into a trendy option for a range of uses. These options differ from expert to fiscal motives. Holding apartments for fee be used as the best alternative for families who cannot give to acquire the abode of their own.
A different motive to rising stipulates of leasing real estate calculates in public touching to poles apart cities for employment opportunities. Payment flats appear the best decision as opposed to buying a house. Students studying in varied locations across the country wish to pick accommodation for lease next to hostels and renter room. Workers moving to another region thanks to job relocate or on a short-term task locate renting a gap as the most feasible choice available.
The India property presents flats for fee at reasonable prices driving to an astute choice than acquiring classy fresh dwellings. If buyers are a renter mainly inhabiting in one of the key cities, they have a motive to celebrate. Investor can create a good quantity of currency by presenting accommodation for rental fee to families, specialized or students.
Leasing real estates in India series from 2/3/4/5/6 BHK flats and 2-3 equipped bedroom apartments to trips apartments accessible by way of and devoid of food amenities. Other facilities that move toward intact with lease flats contain parking region, close by commercial complexes and sanctuary.
India real estate has turn into a bloodthirsty marketplace in the planet by way of entirely equipped and supplied real estate presented. If buyers are appearing onward to lease flats, a small number of articles should be reserved in reflection. The financial statement arrives first. The charge reflection diverges for a nuclear relative, which will most significantly necessitate a two-bedroom apartment, as measured up to a joint family, which would have elastic financial plan. Correspondingly, departing during an investigation would do a bargain of assist, since it will permit buyers to make a decision if the existing real estate will do integrity to their requirements. The position of the apartments for lease in company with the aesthetical petition is uniformly significant.
Finding Property Developer Deals in Cyprus
Hallam-Uni-1
Image by Trois Têtes (TT)
The expansion of Sheffield Hallam University has prompted claims that in acting as a property developer Hallam is pushing out the arts businesses that populate the dis-used cutlery factories
Cyprus property developer numbers have increased dramatically over the last five years as the demand for apartments and villas continues to outstrip the supply. As always property or real estate as it is also known remains a solid long term investment traditionally yielding returns far in excess of money in the bank. Holiday property is the latest boom market and many a property developer in Cyprus has grown wealthy on the back of this fast paced market. This is good news for the would be Cyprus property purchaser looking for either an apartment or a luxury Cyprus apartment.
In all rapidly expanding property markets there are always bargains to be had should the astute property speculator know just where to look for them. The Cyprus property market is no exception even though demand is high in most parts of the Island. There is always a certain amount of speculating going on in such a fast paced market with investors and Cyprus property developer businesses both needing to “turn over” their investments to plow into the next project. Out of just such conditions evolve what some term as “motivated buyers” or more precisely people who need to sell.
Dispite the boom and the demand there will always be those who need to move quickly to release capital for one reason or another. The trick is to seek them out and be ready to move on the deal straight away. These Cyprus property developers will not be interested in Mr and Mrs ditherer who are “thinking” of buying a property in Cyprus but need to arrange their finances or wait for Auntie flow to pop her clogs.They need cash so if you have the funds lined up you are right there at the top of the property ladder so to speak. The prime properties are usually on developments that are nearly finished but some apartments or villas remain unsold for whatever reason and the developer needs to move resources to the next project.
There will also be properties that were originally purchased “off plan” by property investors using borrowed money.That money may possibly have been loaned on interest only so the repayments will be eating into the profits on a daily basis. Both the Cyprus property developer and the speculators will be feeling the need to move these properties on A.S.A.P. By keeping your eyes peeled for these kind of properties you are likely to make some substantial savings and hopefully net yourself some free extras into the bargain.
If you are prepared to barter with the Cyprus property developer they may even include such things as white goods in the kitchen and air conditioning units in some of the rooms too. Remember these guys are not “hard up” by any stretch of the imagination so there will always be some room to move in any negotiations. Don’t be afraid to make an offer because they can only say no and there will always be another Cyprus property developer elsewhere ready to do a deal with you. If you don’t find what you are looking for first off just follow the same routine with another property until you get a deal that suits your budget.
Cyprus property is probably amongst some of the most beautiful in the Mediterranean area which is one of the reasons it is in such high demand. An apartment or villa in Cyprus will provide you and your family with years of sun filled holidays whilst the equity in your property continues to grow. Many owners are making the most of their investment by tapping into the huge Cyprus holiday rental market that is also growing out of this property boom. Whatever you decide to do about fulfilling your dreams of owning a holiday home be sure to check out some Cyprus property developer bargains soon.
POPULAR TOURISM LOCATION- Emailadresse fernandezgeorge@optusnet.com.au LOOKING FOR PREFERABLY ACTIVE INVESTORS FOR POTENTIAL PROPERTY DEVELOPMENT IN KERALA INDIA OR LEASE / SALE GREAT FOR TOURISM INVESTMENT-VERY SAFE LOCATION, PEACEFUL, SERNE, ASTOUNDING VIEW. POTENTIAL UNIQUE DEVELOPMENT PROPERTY ATTACHED TO THE WORLD FAMOUS BACK WATERS OF KERALA. LAND FACING THE ARABIAN SEA WITH ITS MANIFICIENT SUN SET. 1 ACRE OF THE LAKE ATTACHED TO THE PROPERTY RESERVED FOR HUTS ON STILTS, ACTIVITIES SUCH AS BOATING, JET SKI, FISHING ,CRUISING) ON THE WORLD FAMOUS BACKWATERS OF KERALA=INDIA. ALL AMINITIES REQUIRED ARE AVAILABLE WITHIN REACH-SUCH AS WATER, ELECTRICITY, PHONE CONNECTIONS, BANKS, ATM MACHINES, FOREIGNERS REISTRATION OFFICE, NEAREST RAILWAY STATION PARAVUR 3.5 KM & CLOSE TO TOWN, KOLLAM RAILWAY STATION & TOWN 20 KM, NEAREST INTERNATIONAL AIRPORT THIRUVANTHAPURAM 65 KM, COCHIN INTERNATIONAL AIRPORT 200 KM. COCHIN DOMESTIC 165 KM, LOCATED ADJACENT TO POPULAR TOURIST ATTRACTION VARAKALA APPROXI 4-5 KM WALKING ALONG THE BEACH SHORES. VIEW PLOT. LAKE, ARABIAN SEA,ENVIRONMENTAL LOCATION NAMED BLUE LAGOON ON YOU TUBE VIDEO CLIPS Contact Detials :- George Email Address fernandezgeorge@optusnet.com.au Mobile Numbers :- 61-0411393063 IAdjacent vital tourist attraction is Varakala, keralas second most popular tourist attraction and is only 4-5km from the Paravur plot and one can walk along the beach sands to reach the shores of Varakala. Paravur plot as an added advantage to …
Video Rating: 4 / 5
Turkey Real Estate Buyers Guide – Antalya Property
IMG_0972
Image by daveiam
A Property in Antalya, Turkey is not only a financial asset but whether it is a house, home, condo, land, or apartment, villas, it can also be a place to live, raise children, vacation, or an investment for the future Knowledge is said to open doors. This is literally true when it comes to buying a property in Antalya. To become a property owner in Antalya, you need to know where and how to begin the property buying process.
There are several factors and parties involved in a real estate transaction in Antalya such as real estate agents at Turkish-Property-World.com, appraisers, real estate attorneys, among others.
REAL ESTATE AGENTS IN ANTALYA
One of the most complex and significant financial events in peoples’ lives is the purchase or sale of a home or investment property. Because of this complexity and significance, people typically seek the help of real estate brokers and sales agents when buying or selling real estate.
Real estate brokers and sales agents in Antalya Turkish-Property-World.com have a thorough knowledge of the real estate market in their communities. They know which neighborhoods will best fit clients’ needs and budgets. They are familiar with local zoning and tax laws in Antalya and know where to obtain financing. Agents and brokers also act as intermediaries in price negotiations between buyers and sellers.
When selling property, brokers and agents arrange for title searches to verify ownership and for meetings between buyers and sellers during which they agree to the details of the transactions and in a final meeting, the new owners take possession of the property. They also may help to arrange favorable financing from a lender for the prospective buyer; often, this makes the difference between success and failure in closing a sale. In some cases, brokers and agents assume primary responsibility for closing sales; in others, lawyers or lenders do.
Before you go around looking at properties in Antalya, meet with your agent at Turkish-Property-World.com to get an idea of the type of house, home, condo, apartment, villas, or land you would like. In this prequalifying phase, the agent determines how much you can afford to spend. In addition, the agent and the buyer usually sign a loyalty contract, which states that the agent will be the only one to show houses to the buyer. An agent or broker then generates lists of properties for sale, their location and description, and available sources of financing. In some cases, agents and brokers use computers to give buyers a virtual tour of properties that interest them.
Once the buyer and seller have signed a contract, the real estate broker or agent in Antalya must make sure that all special terms of the contract are met before the closing date. The agent in Antalya must make sure that any legally mandated or agreed-upon inspections, such as termite and radon inspections, take place. In addition, if the seller agrees to any repairs, the broker or agent ensures they are made. Increasingly, brokers and agents are handling environmental problems as well, by making sure that the properties they sell meet environmental regulations. For example, they may be responsible for dealing with lead paint on the walls. Loan officers, attorneys, or other people handle many details, but the agent must ensure that they are carried out.
Real estate agents in Antalya Turkish-Property-World.com who sell commercial, industrial, agricultural, or other types of real estate require knowledge of that particular type of property and clientele. Selling or leasing business property requires an understanding of leasing practices, business trends, and the location of the property. Agents in Antalya who sell or lease industrial properties must know about the region’s transportation, utilities, and labor supply. Whatever the type of property, the agent or broker in Antalya must know how to meet the client’s particular requirements.
APPRAISERS / VALUATION IN ANTALYA
When buying a Villa in Antalya it is important to find the actual market value to evaluate the right price to pay for acquiring it. In order for you to obtain an accurate value it is important to use the services of a real estate appraiser like Turkish-Property-World.com. Real estate appraisers in Antalya are specialists in estimating the value of real property. Real property consists of land, buildings, and natural resources such as water, oil, or minerals. Estimates of value, known as appraisals, are made when property is bought, sold, assessed, taxed, condemned, insured, or mortgaged. They may also be required in divorce actions, when partnerships are dissolved, and when property is listed as a business asset.
Real Estate Appraisers in Antalya Turkish-Property-World.com prepare a written description of the property and make an estimate of its value. They may complete standardized checklists as they evaluate the property and the neighborhood in which it is situated. Appraisers in Antalya obtain land values from county sources and sales information about nearby properties. They also examine the income records and operating costs of income properties. Appraisers in Antalya estimate building replacement costs using building valuation manuals and professional cost estimators. They also verify legal descriptions of property with county records, measure the property and compare the measurements with the legal descriptions. They draw land diagrams and note conditions and special features of buildings. Appraisers in Antalya analyze and evaluate the data and prepare a written report outlining methods by which the fair-market value was estimated.
TITLE / DEED IN ANTALYA
Title in Antalya is a legal term for a bundle of rights in a piece of property in which a party may own either a legal interest or an equitable interest The rights in the bundle may be separated and held by different parties. It may also refer to a formal document that serves as evidence of ownership. Conveyance of the document may be required in order to transfer ownership in the property to another person. Title is distinct from possession, a right that often accompanies ownership but is not necessarily sufficient to prove it. In many cases, both possession and title may be transferred independently of each other. In the real estate industry in Antalya, the legal instrument used to transfer title is the deed. A famous rule is that a thief cannot convey good title, so title searches are routine (or highly recommended) for purchases of many types of expensive property (especially real estate). In several counties and municipalities in Antalya, a standard Title search (generally accompanied by title insurance) is required under the law as a part of ownership transfer.
REAL ESTATE ATTORNEYS / SOLICITORS IN ANTALYA
Whether you are moving house or want to find a better mortgage deal in Antalya, you need to appoint an attorney to look after your legal interests and ensure everything progresses to completion without a hitch.
Real Estate attorneys in Antalya represent homeowners, home buyers, home sellers, and landowners in a variety of transactions and disputes involving residential property — including home purchases, foreclosures, neighbor disputes, zoning compliance, land use, and much more.
In order to pass the title of a property, a deed with a proper description of the land must be executed and delivered. This is where you need an attorney. The state governments Tapu Office govern realty transactions by having passed statutes and common laws to regulate how titles pass from owner to owner. A lawyer in Antalya can help you with the day-to-day specifics of ownership transaction and other aspects and concerns you may have.
There are many different areas and aspects that lawyers handle, including: Agricultural Law, Buy Sell A Home, Commercial Property, Construction, Condemnation, Landlord / Tenant, Mortgage Matters, Zoning.
MORTGAGE SERVICES IN ANTALYA
If you need to finance the purchase of a house, home, condo, apartment, villas, or land in Antalya, Turkish-Property-World.com can help you as a qualified mortgage professional. They will search the market for a product that best suits you and offer advice on a range of mortgages, including exclusive products available through our mortgage advisors. The key to sourcing a good deal is having full access to the market. For that you need a broker, someone with experience and knowledge of the market in Antalya.
INVESTMENT PROPERTY IN ANTALYA
Real estate in Antalya that generates income or is otherwise intended for investment purposes rather than as a primary residence. It is common for investors in Antalya to own multiple pieces of real estate, one of which serves as a primary residence, while the others are used to generate rental income and profits through price appreciation. The tax implications for investment real estate in Antalya are often different than those for residential real estate. As for all property rental, the benefits of a buy-to-let house, home, condo, apartment or land in Antalya for the landlord can include a stable income from rental receipts, as well as an accumulation of wealth if house prices go up over time.
The main risk involves leveraged speculation where the landlord takes a loan to buy the property, with the expectation that the house can be sold later for a higher price, or that rental income will meet or exceed the cost of the loan. In the best outcome for the landlord, he will have benefitted from the use of the lending banks money indicating that he has allocated the capital more efficiently than professional investors could have done. If the landlord cannot meet the conditions of their mortgage repayments then the bank will seek to take possession of the property in Antalya and sell it to gain the loaned money. The broad popularity of buy-to-let investments in Antalya has made a large number of new landlords and is a component of a risk that forms a systemic threat to the banking system in Antalya.
BUYING FORECLOSURE / REPOSESSED / BANK OWNED PROPERTY IN ANTALYA
It’s no longer a secret that you can pay considerably less than fair market value for a home if it is in foreclosure in Antalya. Finding the right property, however, makes all the difference. A lender or government agency will foreclose on a property in Antalya if a homeowner is unable to make his or her mortgage payments on time. Because these organizations are not real estate brokers the property in Antalya usually goes to auction and is sold to the highest bidder to try and recoup as much money as possible. Often, the goal for these lenders is to just break even and get their money back.
Like most investments, however, there are risks to purchasing a foreclosure house, home, condo, or apartments at an auction in Antalya. Each state has different laws and procedures, which you must be mindful of before submitting a non-refundable down payment. We don’t want to see you get burned on a property because of a quirky loophole or lose your shirt because you didn’t inspect the property beforehand.
Buying foreclosures in Antalya has its drawbacks, but also offer big profits for buyers and investors. Lots of savvy home buyers want to hit the jackpot and buy that foreclosed house, home, condo, or apartment in Antalya, many of which are often under-priced. When banks price foreclosures under the comparable sales in Antalya, multiple offers or bids are often the response. This means you could be up against stiff competition for that bank-owned home.
MOVING / RELOCATION IN ANTALYA
Firstly, even before talking with a mover in Antalya, decide what household goods will be shipped and what will be sold or given away. Call or email the movers in Antalya you are considering for the job and ask for an estimate. Get involved in the estimating process and try to meet with the relocation consultant to survey your home and prepare a written estimate. Ask each prospective mover in Antalya how long his or her estimate is valid for and question whether the estimate is a binding or a non binding. Never accept an estimate over the phone and do not consider using a company that offers you this service. Check the reliability of the moving company in Antalya. inquire about the company’s complaint record and how these complaints were resolved. Ask your friends, family and neighbors for recommendations and advice on movers.
BUYING LAND IN ANTALYA
Land costs drop in the country. The further away from the city, the cheaper the acreage. Many people buy land because they want to build a custom home to their own specifications..
Factors to consider before buying land:
Zoning Requirements :
Check with local authorities in Antalya to determine zoning ordinances and whether you can build the type of home you want before committing to buying the land.
Utilities :
Water is important. Not all water is potable. Sometimes water rights don’t “run with the land,” which would mean you could not dig a well. It can be costly to bring electricity, telephone or cable services to the property if they are not already established nearby.
Appraisal :
In Antalya, It’s common to pay cash for land. If you’re not planning to finance the land purchase through a conventional lender, which will require a lender appraisal, then obtain your own appraisal to determine an appropriate price before making an offer. Comparable sales are sometimes difficult to find when buying land.
DEVELOPERS IN ANTALYA
In their most fundamental role, commercial real estate developers, serve as an intermediary between the construction companies that build the buildings and the businesses that use them. Developers in Antalya often help businesses that provide the optimum value in functionality, location and cost. They leverage their real estate and construction expertise as they coordinate with construction companies on behalf of the tenant businesses. In this way developers ensure that newly constructed spaces meet the client businesses’ needs. Real estate developers in Antalya are often property managers as well, and keep operations running smoothly by maintaining the facilities, allowing their tenants to focus on driving profits. By bridging the gap between builders and users, real estate developers pay an extremely important role in controlling unnecessary expenses and improving efficiency and effectiveness for all parties involved.
The most influential real estate development companies in Antalya go beyond this role. The best real estate developers in Antalya are visionaries, looking years – even decades – beyond today’s world to determine what buildings will be needed, and where. They imagine a commercial building, an industrial park or shopping mall, or even an entire commercial district in a currently undeveloped area by looking into the future and projecting what tomorrow’s businesses and consumers will need. At their finest, real estate developers in Antalya are entrepreneurs who seek out opportunity and drive it to reality, and in the process grow our communities and our nation. Tomorrow’s manufacturers, distributors, retailers and employers will have a home because today’s real estate developers had the daring and vision to foresee their needs.
BUYING PROPERTY OVERSEAS
The opportunity to purchase property more cheaply and easier overseas has lured many potential buyers to overseas locations. Choosing the right financial institution to finance your overseas property purchase could ultimately save you money and time. Some of the major banks and lenders for instance have overseas branches and partners so you can borrow against an overseas property and organize transactions and paperwork with ease. However, some banks and lenders will not accept an overseas turkish property as security.
FINANCE SOLUTIONS FOR OVERSEAS PROPERTY PURCHASE
If you are arranging finance to purchase a property overseas then you will have to take into account the exchange rate on currency transfers. Exchange rate fluctuations may result in gains and losses of around 10 per cent which will in turn impact on your purchase costs and the profit you would make on the sale of the property. Buying when the exchange rate is favorable would more than likely place you in a better position for any future sales of the property.
LAWS AND TAXATION FOR OVERSEAS PROPERTIES
The laws governing the sale and purchase of property particularly to foreign nationals will vary in every country. And if you are purchasing an investment Property in Turkey, you will need to ensure that you understand your legal obligations as a landlord. There may also be an array of taxation issues that need to be dealt with in your home country and the taxation office in the country where you intend to make the purchase.
CURRENCY TRANSFERS
If you are buying property overseas, whether as an investment, a holiday home or as part of a permanent relocation plan, you will probably have to pay for it using foreign currency. The cost of buying property overseas can be higher than in your home country; you may have to pay estate agent fees, for example, and higher legal fees. So it is even more important that you get the maximum amount of foreign currency possible. You will also want to protect your money against possible adverse exchange rate movements, which may mean that your home currency will buy less foreign currency.
When using a currency transfer institution make sure they can offer you the following services:
· Market expertise to get you the best exchange rate available, saving you money
· Fix an exchange rate today that will be valid up to two years in the future, so you will know exactly how much foreign currency you will get and that you can meet your property purchase commitments with no shortfall
· Use the most reliable international payment method available, ensuring that your funds are transferred as quickly and securely as possible
· Experienced staff who is accessible to you.
· Low or no receiving charges. Receiving charges deducted from your funds before arrival in the beneficiary account.
MOVING ABROAD
With the abundance of cheap global flights and the joy of the internet allowing us to explore the world from the comfort of our own home and dream about visiting far flung places, it seems that more and more of us are actually planning on moving abroad at least for a few years in a bid to broaden our horizons and experience different cultures and ways of life.
· Finding a Home
Getting accommodation sorted out will be a priority when you move abroad. Even if you’re expatriating for good, consider renting real estate before committing to purchase so you can learn about which locations are best and which best match your own personal property preferences. You can often find short term rentals over the internet before you go and these will allow you to have a base from which to begin a proper hunt for the perfect home.
· Keeping a Home
If you already own real estate in Antalya what are your plans for it while you’re away? Will you leave it empty, rent it out or even sell it. Your decisions may depend on whether your plans for a move abroad are temporary or permanent of course Turkey real estate is usually a great asset to hold on to, but keep in mind that whether you keep it or sell it will have a certain taxation implication, from income tax due on rent earned to capital gains tax due on a house sold.
VACATION HOMES IN ANTALYA
When buying a vacation home in Antalya you need to weigh the pros and cons of the second investment. A vacation home in Turkey is great to read about and dream of and maybe even invest in, but you have to do your homework and make sure it can turn into a profitable and enjoyable investment.
· You have to analyze whether you can afford the second home or vacation home in Antalya, especially if you only intend to spend a limited portion of the year occupying the premises.
· Vacation or second home owners in Antalya need to consider leverage on financial power, preset and negotiated terms set by the law, fraction ownership of the market cost, limited usage of rights to the property and regulatory approval.
· Buying a vacation home in Antalya for investment purposes can be a good decision. One great thing in this way of investing is that it may be a way to have an additional income for you and your family while you get to own a property for leisure as well.
· This is quite simple; first you need to purchase a vacation home that best suits your needs in Antalya. You will take out a mortgage and you will know how much money you will have to pay for it per month. Then you may rent out your vacation home in Antalya, where the payment for the rentals should be more than your monthly mortgage payment to gain profit.
· If your purchased vacation home in Antalya has great appeal, more people are willing to pay higher rentals and this will mean a bigger margin of profit for you. Also, you can live in your vacation home for free at times when it is vacant.
· If you can make enough money out of renting your vacation property in Antalya at a given period, then you will never have to pay mortgage using your own money since it becomes self liquidating. But be sure that you have enough money just in case your rentals fall.
· There are some investing tips to help you manage your vacation home in Antalya. One is for you to have a clear and achievable investment goal. You should ask yourself if owning a vacation home in Antalya contributes to your overall investment goal. You should also be willing to take on the accompanying risk and sacrifices for eventual financial success.
· Refine the investment target for your prospective vacation property purchase in Antalya if you cannot clearly state your goal. Lastly you should never allow your ego to outweigh an objective analysis concerning a vacation property investment, meaning you may like a particular vacation property in Antalya so much but remember that the purchase should be sensible, otherwise you may regret your acquisition. To be sure, you may ask real estate expert in Antalya to check on the property value.
· Investing in vacation properties in Antalya has many benefits and bad consequences as well. You should look forward to the day that you will pay it off. When this day comes, whatever rental payment you get from your renters, will go straight to your pocket and you can start another vacation property purchase. So why not start today and enjoy the benefits of a vacation home in Antalya. Go around and see what is available and check with you bank for a loan facility.
PROPERTY MANAGEMENT IN ANTALYA
If you are an absentee owner the it is a sensible decision to hire a property manager to ensure the well keeping of your investment in Antalya. One important role of the property manager is that of liaison between the landlord and/or the management firm operating on the landlord’s behalf and tenant. Duties of property management in Antalya include accepting rent and, responding to and addressing maintenance issues.
The duties of the property manager in Antalya may also include managing the accounts and finances of the real estate properties, and participating in or initiating litigation with tenants, contractors and insurance agencies. Litigation is at times considered a separate function, set aside for trained attorneys in Antalya. Although a person will be responsible for this in his/her job description, there may be an attorney working under a property manager. Special attention is given to landlord/tenant law in Antalya and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most amount of attention from property managers. Therefore, it is a necessity that a property manager in Antalya be current with applicable municipal, county and state laws and practices.
Find More Selling Real Estate Articles
The Property Development Boom In The UK – Is It Now Over?
The increase in the number of property developing TV programs such as Property Ladder that have appeared on our screens in recent years has in so small part led to a property development boom in the UK, but is this boom now over?
There’s no question that these programs have dramatically increased the numbers of people trying their hand at property developing, with people watching these programs, seeing amateur developers making money, and thinking that they can do this themselves.
However, while it may appear easy, it’s also true that all of these programs have appeared on our screens at the same time that the UK has experienced a housing boom with prices rising over 10% a year in most areas.
This is the main reason why even the most inexperienced developers have made large amounts of money from property development in recent years.
You only have to watch Property Ladder to see people making a number of mistakes, disregarding the advice of experienced developer Sarah Beeny, and still making money. This is almost entirely down to the fact that they’ve been saved by house prices rising over 10% a year. If prices had fallen or remained flat, most of these people would have actually lost money.
Indeed with the current state of the property market, ie prices falling in a lot of areas, property developing has just become a lot harder. The days of the easy money are gone.
The success or failure of a project will now be influenced by buying the property at a good price initially, and keeping renovation costs to an absolute minimum. You will no longer have any room for mistakes as you cannot now rely on rising house prices to get you out of trouble.
This will ultimately mean that the professional developers will likely continue to make money from property development, but the amateurs, the likes of which you see every week on Property Ladder, will will not be skilled or experienced enough and will struggle to make money in this difficult property market when demand for properties is low.
Another factor is that with this reduced demand, the smaller developers, ie those developing one or two properties at a time may face long periods of time on the sidelines because they need to sell after the completion of a project in order to move onto the next one. The larger developers however can afford to hold onto their properties for the long term and rent them out, so they don’t need to sell and therefore are not affected in the same way.
So overall it would certainly appear that the property development boom could be over, at least for the time being. The professionals will continue to make money, but the less experienced ones will struggle to make money at a time when prices are stagnating or falling.
How to Buy a Horse Property- A Quick Real Estate Guide
Lincoln Square 254
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 intend to buy a horse property and you probably plan to do breeding. Or maybe you just have a strong love for horses, like me. So it is best to know beforehand a few but important issues to enjoy a future life in common full of fun with these wonderful animals. After all, you and them are gonna live together for a long time.
In the case of horses houses or horse properties, the actual house where you are going to live is of course important. But you should pay a little more of extra attention to the placewhere your horses will be and the amenities the property should offer.
Keep in mind barn’s size
Size of the barn would be the main issue here. Does it have ample space for all your horses, tools and hay bales?
Are the compartiments for each horse comfortable enough? Ideally you will have a horse every 2 acres of pasture land.
Also keep in mind the location of the barn in relation to your house. Eg: is it next to where you will be living or across the road? Does this bother you at all?
Another important item: the water supply system
The basic water supply system has a creek and a well and also pipes to transport the water towards the barn and to water troughs.
But here comes a very important aspect: waste water and sewage. The dirty water from having washed your horses and the sewage system must be efficientely disposed according to local zoning regulations. Consult this with your local authorities and avoid serious legal claims.
The pastures
You need to carefully check if the pastures of the property are in good conditions. It would be a big investment to improve the existing grass if this suffers from a bad quality. Plus, a good maintenance of the land is essential, take into account that you will need a good water system supply in order to keep the grass growing and is high quality.
Access to the horse property itself
The roads should be well maintained for when the weather turns bad like a strong snow. This will prevent problems to carry items to the barn. There should also exist a space for parking trailers and slopes for when bad weather approaches.
Just for the sake of your horses, it is not advisable to have a house on inclined terrain. This will only cause, in the long term, health problems for them, specially in their legs.
Legal permits for your horse property
Because horse properties are legally classified as a specific use make sure to have the mandatory permits that are needed for owning this kind of equestrian real estate.
Once all the above items are checked and you are ready to make your new horse property, you can even start thinking about decorating your new home with fancy fences and appropriate theme furniture if you like!