Month: July 2017

Condominium Conversions, Myths And Reality

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Let us examine, what the prospects of condominium conversions in the coming years are and how recent trends affect its popularity.

The Popularity
The reason why most people prefer owning a condominium rather than paying rent every month is that they can save a lot of money in real estate investing. All they have to do is to make an affordable initial investment and they can get rid of paying monthly rents. The overall prices are very low. However, Condo units do not allow the buyer to maintain his/her own lawn and garden, and other amenities like pools. But, the overall percentage of such people is very low, and there is a huge number of buyers in the real estate investing market who do not mind the presence of neighbors, and in fact, who love the active participation in community events.

Now, let me talk from the point of view of investors. Real estate investors have got an inexpensive but much more effective way of increasing their bank balance in the form of condominium conversion. True, they do have to pay a premium for the real estate investing properties. Still, the overall cost of purchasing an apartment and turning them into Condos by renovation is far less expensive. Therefore, it is worth paying a premium for properties. Again, the buyers are available in the market and you can convince them easily to buy the same. Eventually, you get a huge return that not only covers your expenditure for the premium but earns you more than you could have earned by means of other real estate businesses.

The Prospects
Recent trends are leading the real estate investing market to a rising-rate environment. It looks like very soon buyers will not be able to get mortgage at low interest rates. Affordability of the price was the biggest advantage with condominium units, but if the price becomes unreachable, how will the converters sell their Condos? Thus, not only will the buyers lose a great opportunity of owning their own house, but even the converts will face a big loss. Since the renovation of the real estate investing property costs much, in such cases, they might also have to bear losses. Eventually, this may force them to stop turning apartments into Condos, and investing in the renovation of the same. It clearly means the end of the Condos conversion boom.

However, all this is not very practical. You should not take it as representing a threat to the Condo conversion business. Even if mortgage rates increase, it will not stop real estate investing buyers to purchase Condos. After all, who wants to pay rent all their life? People want their own houses, and whatever be the circumstances, Condos will still be the most affordable option for them in the contemporary market. In fact, if you look around, converters are highly excited with the heavy returns they have earned from the condominium conversion, and they are in no mood to quit. Moreover, in all the major cities all over the world, it is now almost impossible to find any location for new development, let alone a prime location.

Therefore, the future of condominium conversion is bright, and any rising-rate real estate investing market is not likely to affect the popularity of Condos.

Tips For Building A Bookcase

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Furniture making can be something that you work on for your entire life. Many people choose to start with something simple, like a bookcase for their home. However, it may not be as simple as it looks. Creating something that is perfectly square can be a challenge for some beginner woodworkers. Creating things that are sturdy enough to withstand years of use and that also look good enough for you to put into your home may take some instruction. Use these tips for learning how to make sure your bookcase is sturdy, square, and attractive.

1) First, measure the space and decide on dimensions for your bookcase. Determine how many shelves you would like to have in your bookcase and go shopping for your wood. Hardwoods will generally be more durable, but many soft woods are perfectly suited as well. Choose the one that you like best and buy pieces that give you enough to fit your dimensions and plan. Lay all of the pieces flat together to make sure that they are not warped before you purchase them.

2) Cut the plywood using a miter saw or a table saw to the dimensions that you have set. You will need to cut the side panels and the top and bottom pieces, making sure that they all measure exactly right. Then, cut your shelves and make sure that everything will fit together perfectly.

3) Mark your side panels for router joint grooves. Lay the two side panels side by side, line up the top and bottom perfectly, and then nail them together using a small scrap piece of wood. Use finishing nails or screws to affix the scrap wood to the bottom and top of the side panels. Place a T-square on the side so that it crosses the center line of the two panels butted against each other. Draw two lines, 3/4 apart to mark a path for your router. Most shelves are around 16 apart, but you can make your shelves however far apart that you want.

4) Assemble the pieces together making sure that the router grooves are facing inward. Nail the top and bottom pieces to the side panels. Youre essentially creating a box, so lay it down flat and check for exact 90 degree angles before you attach. You can use slender nails, a nail gun, or drill pilot holes to insert screws. Dont skip drilling pilot holes for screws or youll risk splitting the wood.

5) Now that you have a perfectly square box, put a small amount of wood glue into each of your router slots. Slide your shelves into place and then nail them from the outside of the bookcase to secure them.

6) Cut a 2 wide board to fit inside of the rear top of your bookcase. This will be the cleat that holds the back panel in place if you choose to add one and it also secures your bookcase to studs in the wall. Glue and nail the cleat into the top rear portion of the case, flush with the top and side panels. Nail it from the sides and the top to make sure that it offers the proper support for the finished product.

7) Cover up the raw edges of the bookcase by attaching small 1-2 inch wide boards to the facing. A fluted moulding or a split wood dowel rod works great for giving the front edge of each shelf a clean finish. Use a hardwood dowel for durability. Fill in nail holes, sand and youre ready for finishing.

What Made Condominiums More Popular In The Philippines

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Planning on buying a condo unit for yourself? Well what kind of condominium are you looking for? In today’s market, particularly in the Philippines, condominiums have become a very popular type of housing. This is because of its capability to address the growing needs of many Filipinos living in a fast-paced lifestyle.

However, because of its popularity and rapid growth, a number of new condominiums were introduced in the Philippine market, such as the popular condominium complex. Compared to the typical condominiums we see in the city, such as the many high-rise makati condo, condominium complexes are known for a different set of benefits catering to a different set of needs.

The old and new condominiums According to many experts, condominiums first became popular in the Philippines because of its location, which are mostly found in business and commercial districts, such as the many makati condo.

Because of its location, residents are given the luxury not only of lifestyle but also of the luxury of living within walking distance to their workplaces as well as popular entertainment and leisure areas such as malls and shopping centers. These condominiums are also known for its maintainability as well as high security.

However, other than just catering to the needs of those Filipinos living in a fast-paced lifestyle, a number of new condominiums were also introduced in the Philippine market which mostly provides a home which residents can unwind and slow down. These new condominiums are known as condominium complexes.

Compared to condominiums mostly found in the city, such as the many makati condo, these condominium complexes are mostly found in secluded locations, such as in the outskirts or even in provincial areas. Because of its location, these types of condominiums are known to provide the peace and relaxation in which condominiums in the city mostly lacks.

However, other than its peaceful and relaxing environment, condominium complexes are also known for its amenities such as swimming pools, gyms, recreational parks, and playgrounds in which residents can freely enjoy.

Family-oriented condominiums Because of its peaceful environment away from the city, many Filipinos found out that these condominium complexes are also suitable for a growing family, particularly for their growing children. And because of its amenities, children can easily find a lot of fun living in these types of condominiums.For more information visit to our site at http://www.atayala.com

Divergent Housing Price Trends In Mumbai And National Capital Region Crisi Research

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CRISIL Research expects divergent price trends during the year in Mumbai and NCR (National Capital Region), the two largest residential real estate markets in India. In 2011, prices of houses are likely to decline in Mumbai, whereas prices will rise marginally in NCR. Further, the extent of price decline will vary widely across areas in Mumbai, whereas prices will inch up uniformly across areas in NCR.
CRISIL Research studied the price trend in three major supply pockets in Mumbai and NCR western suburbs (Goregaon, Malad, Kandivali and Borivali), Thane (Ghodbunder Road), and central suburbs (Dombivli and Kalyan) in Mumbai; and Noida and the outskirts of Ghaziabad and Faridabad in NCR.

City Reality reports offer an in-depth, area-wise analysis of residential, commercial and retail segments covering 400+ areas across 88 micro markets in 10 Indian cities. Read the real estate developer ratings at CRISIL that has developed two specialized products with their real estate research that help housing customers and financial institutions understand the intricacies.

Accounting for more than 50 per cent of total planned supply in each city, these major supply pockets would represent the trend in housing prices in the whole city. Mumbai and NCR would together account for more than half the 1.5 billion sq ft housing supply planned in India’s 10 leading cities up to 2013.

In Mumbai, falling demand, owing to diminished affordability, and rising interest rates will trigger a decline in prices in 2011. Prices of houses soared by 43 per cent in 2010, in the city’s three major supply pockets. Prices thus surpassed their peak values, attained in the first half of 2008, by 26 per cent, adversely affecting housing affordability. CRISIL Research therefore expects prices in Mumbai to decline by 8-10 per cent in 2011.
In NCR, prices will move up marginally because of relatively better affordability. Prices went up only by 6 per cent in 2010 in the capital region’s three major supply pockets. Prices in these areas currently are 15-20 per cent less than their peak values in the second half of 2007, making affordability relatively better in NCR than in Mumbai. CRISIL Research therefore expects average prices in the region to move up marginally by 3-4 per cent in 2011.

“Reduced affordability and a likely increase in interest rates by the Reserve Bank of India will subdue demand and depress housing prices in Mumbai in 2011. In NCR, relatively better affordability will prop prices despite any increase in interest rates,” explains Nagarajan Narasimhan, Director – CRISIL Research.

In Mumbai, the extent of the price decline would vary widely by area. Prices in premium locations like South Mumbai and Central Mumbai, which have an excess supply of houses priced at more than Rs 50 million, would decline sharply by 15-20 per cent over the next 12 months. Prices will decline more moderately, by about 6 per cent, in areas like Vasai and Virar, where affordability would be relatively better. In NCR, with prices increasing marginally across all areas, the trend, again, will be divergent.

Other Side of the Condominium

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Condominiums became popular because of its location, in which Filipinos are given the luxury of living in a home within walking distance away from their workplaces. However, other than this popular benefit, there are also other reasons why condominiums became popular, particularly among many modern Filipino families.

Other Side of the Condominium Condominiums, according to many real estate experts, were first founded as a type of modern housing which can cater to the needs of a modern Filipinos, such as the need for accessibility.

However, other than just its accessibility, there are also other reasons why condominiums had gained a lot of popularity in the Philippine properties. Here are some of those benefits:

Amenities Other than just its accessibility, condominiums can also offer a number of unique amenities that made it popular in the Philippines, such as its own maintenance and security personnel.

According to many experts, part of the reason why condominiums became popular, compared to its predecessors such as apartment buildings and townhouses, is because of its own maintenance and security personnel which assured their residents that their homes will be properly maintained while their safety within the compound is also assured.

In addition to that, condominiums are also the only types of residential Philippine properties in business and commercial districts that can offer residents facilities such as swimming pools, gyms, and sports complexes which made condominiums even more popular in the Philippine market.

Because of those benefits, condominiums quickly rose up from the competition which also led to its rapid growth all over the Philippines.

Condominiums for Families However, other than condominiums found in business and commercial districts, there are also a number of new condominiums which are found around the outskirts of Metro Manila as well as in the provinces. These types of condo in Philippines are known as condominium complexes, which are types of condominiums aimed to offer families a home for their growing children.

Condominium complexes, according to many experts, became popular because of its environment as well as its privacy and security. In addition to that, there are also other reasons why condominium complexes became popular for Filipino families, and that is because of its facilities which can cater to the needs of growing children, such as recreational parks and playgrounds.

Because of the introduction of condominium complexes as well as its rapid growth in the Philippines, condominiums became even more popular because of a new benefit that made it even more unique in the country, and that is its flexibility in terms of providing the kinds of benefits that Filipinos and Filipino families are looking for in a home.

EHS software One of the best commercial tools for enhancing safety

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Technology is striding ahead at rapid pace and a number of software and tools are being introduced these days to help the management cut down on costs and save time. Plus, the modern-day tools also help to increase the general productivity of the workers and improve accuracy in reporting and assessing. EHS software is commercial software which can be easily described as one of the best tools for enhancing workplace safety and for managing hazards.

While choosing any tool or software, an organization must figure if that tool is in sync with its objectives. After all, investment in a new tool can put some strain in the company’s budget and may entail some changes in the work distribution. In this regard, it can be said that EHS software slips in easily with any organization. Irrespective of the industry, no organization is expected to put its workers under any health risk. The software deals with such potent issues and helps the team to analyze and assess the hazards which may arise in the future or which may be in existence currently. Since such hazards can put the health of the workers into jeopardy, it is vital for the organization to take due steps to bring down the risk factor.

There are a number of industries where the element of risk is higher owing to the nature of the work or due to the severity of the location. While there are other archaic means to prepare and analyze risk reports, they are manual in nature, which, in turn, makes them susceptible to errors. Besides, with technology playing such a vital role in today’s businesses, it would be unwise of any firm to neglect such tools which can make the job easier and more accurate. EHS software can also help the business to improve its prediction quotient and to reap rewarding dividends in the long run.

The software is becoming more of a norm in the industry, than an aberration. It is gaining acceptance from all quarters. Being technologically sound, this tool is laden with advanced features which make it multi-functional software.

Most of the projects which are carried out today require official approval. An approval can only be attained if the reports clear the environmental norms which are getting more and more stringent with each passing day. Man has already carried out wanton destruction to forests and to the nature in general. Hence, concerned authorities have become very vigilant towards ensuring that all the fresh projects must pass special tests in order to get a go-ahead signal. EHS software can help your internal auditors and managers to prepare reports with efficacy, accuracy and reliability. These reports can also be assessed in order to find out if any alteration needs to be done to improve the safety of the environment and of the general workforce.

The software is an automated tool which works independently without suffering from the ravages of lethargy, negligence or clerical errors often committed by manual auditors and report generators.

For gathering more info about a complex and reliable EHS Software, please check out these links.

Benefits Of Real Estate Teams

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In recent years, the real estate industry has changed dramatically.

With the advent of new technology and more home sellers and buyers using the internet before selecting a real estate agent those who have not kept up with the times and technology are destined to fall behind the leaders.

Take for example the concept of real estate teams. Most industries have utilized team concepts to their advantage for years: corporate departments, sports, small businesses all utilize the team concept for growth and profitability.

The real estate industry however has historically placed real estate agents as sole entities, training them to be stand alone islands left to their own devices and abilities.

However, in recent years this ‘old school’ training has slowly been side stepped by some of the most profitable and top producing real estate agents in the country.

By realizing and implementing team concepts into a real estate agents business, these agents can provide substantial benefits to their customers’ traditional methods lacked.

Let’s examine a few of the benefits of being on a real estate team…

Marketing and advertising

Teams utilize shared expenses in marketing and advertising to a much greater degree due in part to having additional resources by way of more agents as well as an increased visibility in the communities.

Stand alone agents must pay for all marketing and advertising costs themselves with little assistance from the brokerage. It is up to the individual agent to market and advertise properties for sale using their own limited funding.

With teams, agents do not have to fund the advertising costs alone. Having more agents available to share the costs greatly decreases an agents cost outlays and increases their profitability.

In addition, sellers can be assured that their property will reach more potential buyers. More potential buyers in turn may mean quicker sales and often times better realized profit.

Let’s not forget about our buying customers who also benefit greatly from the real estate team concept. Regular team meetings to discuss customers’ wants and needs may often present opportunities missed by the solo agent.

More minds working on a task tends to produce better results!

Experience and training

Teams benefit not only from 1 agents experience, but the combined experience of the entire team.

This aids the individual agents by having insight and experience to draw on for help in problem solving and working with difficult property issues as they arise.

Having a larger ‘pool’ of experience to draw on provides agents with less experience increased training opportunities in a much quicker time frame.

Support

The real estate business experiences business peaks and valley’s through out the year depending on locality.

During the busiest times of the year some agents may not be able to provide the support and services which they normally provide due to the number of customers they’re working with at one time.

On a team, this is never the situation as there is always someone on the team that can lend a hand, provide support, show customers properties, write contacts etc.

Fun and Camaraderie

Teams tend to be much more fun!

Think about this a moment: If an agent is working alone, they may be able to visit and entertain with a few other agents in their office when not busy.

However, with a team you get the closeness of friendship and support that only a group of like minded professionals enjoy.

Team events, dinner parties, team meetings etc. all lend themselves to additional fun for the agents providing the ability to relax and share good times with others.

While many agents continue to employ the ‘old school’ traditional techniques in running their businesses, the more successful agents employ the team concept to provide increased customer services, reduced costs to team agents as well as increased profits to sellers and agents alike.

Growing a productive team is a key ingredient in running a successful real estate business in today’s market.

Solve The Financial Catastrophes Through Fast Loans No Credit Check

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As the tough economy of todays time is generating a number of bad creditors, the loan market has come up with a fresh and fantastic loan scheme which is known as fast loans no credit check. This loan option helps people to meet the needs quickly. Individual, who are having poor credit score can successfully attain funds via this loan option. These funds have been arranged for a very small time period ranging from 14 to 31 days. Once can easily deal with short-term needs in a very smooth manner. Mentioned loans are gaining more and more popularity among the jobbers in because of the smooth and instant availability of the loan option. People in UK like to go with these loans in stead of going for any other traditional loan just because of its easy approving process and hassle free method.

The best thing of this loan scheme is that there is no credit checking with fast loans no credit checking. It means that one can get the in spite of being the holder of bad credit score for instance amount outstanding, arrears, defaults, late payment, payment overdue, CCJs (country court judgments), IVA (individual voluntary arrangements) and the like. These loans can be good chance to improve the credit score. Another best thing about it, as the loan title implies, is that it provides money in fast way so that it is well suited for urgencies or emergencies. In this way, bad creditors can meet all their imperative requirements instantly.

Filling an online application form by providing all required information enables the applicants to get the funds transferred into their bank account on the same day of application. With the help of this loan amount any critical condition can be tackled within a fast time period without any difficulty. Thus, it just needs to fill up the online application form and then, you will get bucks. You may get funds if you meet the criteria mentioned below:

The borrower must be the citizen of the UK.
He must be working in any company having steady income.
He must have a valid bank account on his name in the bank of UK.
He must be 18 years old or more than that at the time of applying for the loan.

If you meet the criteria, you can go for fast loans no credit check and get funds instantly to meet the vital needs of funds.

Knowing The Responsibilities Of Home Builders Slidell

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The challenge of building a home can bring a different experience for every homeowner. It is a long process and involves many different people in the construction industry from the contractors to the suppliers of building materials. While the idea of building a new home can be very exciting for every homeowner, it can also cause tremendous pressure and anxiety. The process entails many details that need to be taken care of personally by the homeowner. Homeowners need to coordinate closely with the preparation of the floor plans, choosing the colors, types of interior finishing materials, and a lot more. There are issues on building permits with the local government that have to be complied with.

In all likelihood, you will have to choose one of the home builders Slidell-registered and licensed to oversee and handle the construction of your new home. With the floor plans executed by a professional architect, you can request the home builder for an estimate of the entire project, including cost of labor and materials. You may choose to take as many estimates as possible as these will be compared with each other for cost, completion date, scope of work, etc. And while collecting the estimates, you should also start checking the background of each home builder in terms of reputation, credibility, financial stability, projects completed, years of experience and specialization.

From the number of home builders Slidell-licensed, you should pick the one that represents the best offer. Once you have chosen the home builder, you should have a meeting or discussion on the different aspects of construction like procurement, permits/license, construction schedule and terms of payment, etc. It is important that all of these aspects are clearly defined in order to avoid any conflict in the future. The home builder should then explain on the various stages of construction such as securing the necessary building permits required prior to starting the construction, stages of procurement of materials, stages of construction pertinent to electrical, plumbing, interior finishing, etc. You need to understand the progression of work in order to know what to expect during actual construction.

Your home builder should ensure that the construction site has all the necessary safety precautions and measures are in place and enforced at all times during the construction. For additional protection, you should check the home builders insurance coverage for the project and the workers involved in the construction. The home builder should have a builder’s risk insurance. This is the type of insurance that protects your home and the builder while construction is ongoing. Additionally, the builder should have liability insurance to cover for construction flaws discovered within a period of ten years. The safety of the construction workers should also be covered by the builders workmens compensation insurance. Any accident that happens on the construction site involving the construction workers should be covered by such insurance.

The home builder should also initiate periodic inspections during the different stages of construction to make sure that everything is done according to the plans. The home builder should ask the homeowner to join the inspection. Alternatively, the homeowner may conduct his separate inspection in order to make sure that the home builder complies with all the terms of construction contract. There are some home builders who might conceal defects during inspection. Conducting unannounced inspection will expose the entire construction state to the homeowner. If in doubt, you may ask the architect to help you with the inspection to make sure that the plans are strictly followed.