Corporate Housing – a brief overview

November 30, 2013  //  Posted by: cooldude  //  Category: Homes & Properties

Corporate HousingWhat is corporate housing? Well, the very term is in perspective to travel industry and refers to a well furnished apartment which is usually put on rent on temporary basis – as a good alternative to conventional hotels. These are mostly like the smart vacation homes, all plush with gym and pool. Corporate housing is a favorite among the spirited business travelers who love to savor pleasure entwined with the business deals. In case you are looking out for a potential investment opportunity in the property scene, corporate housing is a great idea.

It’s to stress here, that according CHPA (Corporate Housing Providers Association) data, the revenue garnered by corporate housing market has witnessed a stellar growth since the last 3-4 years. Now, why is corporate housing such a lucrative trend? Well, this type of smart vacation homes offer bigger square footage & the most amazing part is that it costs lesser to hotels. The customers are pampered with full client service amidst a very stylish setting.
The corporate housing facilities are favored for extended stays like mostly one month or more- which otherwise might be very expensive had it been a hotel. It offers a temporary stable accommodation within a convenient setting. Unlike hotels, in a corporate housing, your clients will feel safer as here they aren’t surrounded by the transient guests.

If you are planning to invest in a corporate housing you have to sign up with a good realtor to ensure a proper marketing of your apartment. The huge popularity of vacation homes has really elevated the competition and hence you need an expert realtor here who is well versed in the effective marketing techniques. It should be noted here that corporate housing facilities are renowned for all furnished and refined look- when you are planning for the same make sure to retain that kind of suave ambience.

Common Mistakes that you do while Investing in a Property

November 22, 2013  //  Posted by: cooldude  //  Category: Property Investments

Investing in a PropertyThere are various risks involved in investing in a property. There are a lot of fake sellers who try to get the maximum out of the deal for which they even lie or hide certain facts when they find that you are really interested in buying the property. Such facts are very important for you to know. Such complicated tasks can be performed better by experts or the real estate agents. Such agents are very experienced as they have worked in the extreme economic changes. You should avoid certain mistakes that you often tend to make if you are a first time investor or a beginner in this field.

a) The very first mistake that you commit is in the selection of the agent. Real estate trading is a very open business where inexperienced agents are available very easily. Choosing such an agent can make you commit serious mistakes while investing and can cost you a lot of money.
b) You often end up paying huge amount of real estate commission if you do not talk to the seller directly and rely on the agents.
c) You must also check the real estate in which you are dealing in. The condition of the walls. The paintings, doors and even the basement must be checked for flood damage.
d) You must also have a complete list of the requirements that you want in your property. Such lists must be given to the dealers so that they can help you strike a deal accordingly.
e) You must also go through the websites of the various dealers and do your bits of homework before you actually start dealing with one. You should compare among the various dealers as well,
f) You must also look into the neighborhood schools and the community of that particular locality. Such inspection makes it comfortable for you to live in that environment.

Thus you be careful of the above common mistakes.

An Understanding on Property Flipping

November 12, 2013  //  Posted by: cooldude  //  Category: Property Flipping

Property FlippingIn the simplest term, the property flipping means the resale of the purchased property at high rates. Investors get good profits by flipping the property. It is a fast money earning transaction.

Certain Tips about Property Flipping

Remember that property flipping is very profitable business. However, you must be clever to proceed steadily. If it is a real estate property, you should follow some basic rules to do property flipping. Basically, there are many debtors whose houses are foreclosed. They have borrowed loans from banks. These debtors declared themselves bankrupts. Their properties were auctioned after foreclosure. So you can go to local banks. Over there, please talk to bank mangers regarding home foreclosures. You can buy this foreclosed property at low rates. Later, resell it at very competitive prices. However, you need to draw a plan beforehand. The prior marketing survey works as an antibiotic to get ideas about the present trend in property flipping market. Wait for favorable time for transactions. However, meanwhile calculate at home about the expenses. You need money for buying the foreclosed property. If you have limited financial resources, apply for loans. Banks open doors to invite people. On good terms, take loans for purchasing property which is foreclosed. You are obliged to make repayment. However the advantage to take loans from banks is easy installment scheme. You can clear dues through several installments. If you pay back on time, banks will sanction more loans. However, the quality of the foreclosed house must be good. If the house requires repairing, you must do. Then increase the value of the property. Customers will purchase your houses.

At first, kindly don’t be ambitious. You must not invest huge amount for purchasing property for flipping. Online brokers help customers by providing information. You can call them to make discussion about the property transaction. In this connection, check online flipping market to have new facts. Property flipping business is expanding in Europe. So, go ahead to test your luck in the housing market.

Housing Bubble Burst discourages to invest

November 05, 2013  //  Posted by: cooldude  //  Category: Property Investments

real estate investmentInvesting is real estate is a much safer option than any other investment plans. It has a good rate of return and can be liquidated within a shorter span of time than in government or private bonds or stocks. With early withdrawal of money, the penalties imposed on real estate investment are not very high or stiff. It does not involve the loss of a large sum of money. Under normal circumstances a real estate appreciates by 4% per annum which means that within a span of 5 years the value of your real estate investment can go up by 20%. By remodeling your house slightly you can see that the value or returns from it will be higher.

With a wide variety of investment, real estate investment pays off well. Due to the limited supply of houses in the short span of time, as houses cannot be built overnight, and sufficiently large demand from the people housing can be quite valuable. People are still looking for safe places to live in at an affordable range, which further pushes up the price of housing.

Last five years has witnessed a huge jump in the real estate market which caused more and more people to invest in it. But it is no longer safe to invest in the real estate market any longer. Due to the housing bubble burst in US during 2007-10, the demand for housing is going on falling as people are now afraid to invest in it. Higher interest rates and higher prices make owning of a house even more expensive for new homebuyers. Due to excessive demand the inventories that were built during the time when the real estate bubble was built i.e. the boom time, are now left idle which causes the prices to rise further. Therefore even though the supply is more or less stable now, there is very low demand.

Signs of a Good Property Manager

November 02, 2013  //  Posted by: cooldude  //  Category: Homes & Properties

Property ManagerProperty Management is a good career option. A property manager works both for the owner of a real estate directly and also with property management companies. He assumes a relationship of trust and confidence between the company and the property owner.

An ideal property manager should be well informed about all the laws and regulations of property dealing that is prevalent in the land. He requires a legal license as the manager and must know all the legal formalities that have to be completed. Mistakes can lead to the cancellation of license, loss of account and reputation. He must be highly honest with his work. He collects rents, security deposits and is entrusted with large sums of money. He must be a good advisor and must have the sense of the right and the wrong. He must be organized with his daily works of rent collecting, maintenance of accounts. He should multi-task.

He must have good communication skills. He has to deal with different kinds of people of various personalities. He should always stay calm and should deal with the lawyers and judges in a professional manner. It would be great if he could speak in other languages. He must be well-versed with computers like the use of e-mails, faxing, and mail merging as well as Microsoft word, Spreadsheet, and Excel. The manager should deal with the different problems easily and patiently. He must enjoy his work. He should address the tenants with dignity and respect.

He should have a good sense of humor while working with different people. He must conduct his bit of research. Documents must be read and checked carefully before they are submitted. A perfect manager should not be fickle minded and should have a sense of commitment and duty.