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Making The Grade Understanding Commercial Property Ratings

If you’re looking to start up a business in Sydney CBD, one of the greatest challenges is finding suitable office space. Unlike looking for a flat or home, your commercial real estate is critical to your business – location and appearances are everything; but how do you balance the best expensive costs of prime commercial with your operations budget?

Australia has a commercial property rating system that helps businesses determine which type of property is best suited for their needs. From the most expensive Grade A Sydney CBD locale, to Grade D bare bones facilities, find out what grades of commercial property are out there and what it all means for your business.

Which Grade of Commercial Property is best suited to your business needs?

Grade A: Grade A properties are prime locations in highly sought-after addresses. The properties will be in the heart of the financial or business districts and be relatively new or recently refurbished, with state-of-the-art fixtures and fittings. Rents in Grade A offices will naturally tend to be higher, catering to the executive classes of Fortune 500 companies. Traditionally, Grade A property tends to be leased or bought by banks, brokerage houses and high-profile law firms. Meanwhile, with the latest boom in the demand for sustainable and ecologically advanced premises, many of the newest “green” buildings tend to fall within the A Grade. Cities like Sydney always growing and Grade A property is now available in many outside of the immediate CBD to business districts in the City Fringe, including Surry Hills and Pyrmont.

Grade B: As Grade A property tends to be scarce and relatively pricey, the majority of businesses, especially newer ventures, will opt for Grade B office space. Grade B buildings will be less expensive but include all your standard amenities to make a good impression. Grade B offices tend to be a little bit away from the prime markets, but they could be on a main strip in a smaller city fringe suburb. Smaller law firms, independent investment consultants or doctors’ offices make great use of Grade B buildings. Many cities have Grade B office building clusters near airports or other transportation hubs, but away from the central “downtown” areas and business districts.

Grade C: Grade C properties are inexpensive, functional buildings. Furniture and fittings tend to be older and buildings are maintained to a lower standard than higher grade buildings. Grade C offices are best suited to call centres, small firms and start-ups and will tend to be older and located farther out of the central business districts. Don’t look for pretty lobbies or plush carpeting in Grade C buildings; these are about function over form.

Grade D: Grade D office space is the least expensive commercial property grade – and for good reason. Office space in Grade D buildings tends to cramped, furnishings and fixtures are relatively shabby. Most of the space in the facilities will be used for storage or manufacturing. Grade D buildings are well outside the standard business areas, often located in industrial parks. Grade D properties are suited for manufacturing or distribution companies that require large warehouse industrial real estate in Sydney or storage space as adjuncts to office space.

Meanwhile, some central CBD areas have gone beyond the traditional grading system. Some of the most exclusive property is now considered “Premium” property above Grade A. Look for these at prime locations with “Harbour Views” and exceptional quality.

Keep in mind that when you pick your commercial real estate, it’s more than just the grade that matters. Consider for example whether you need a store front. You can often go a grade up in your choices by downsizing your space requirements or looking outside the CBD to outer suburbs, such as the City Fringe.

Florida’s New Laws Spell Significant Change for the Real Estate World

July 1st was a pretty big day for Florida – over 150 different new laws were put into effect, many of which will have a significant impact on those who own and rent homes not only in the metropolitan Jacksonville area, but all across the state.

Here are a few of the major highlights of these laws and what they might mean to you:

According to new Florida Law HB77, there are new provisions that make it easier for landlords to evict tenants who only make partial payments on their rent. Now, when a tenant makes a partial payment, they only have a matter of DAYS to pay the remaining balance before eviction proceedings can begin.

According to this same law (Florida Law HB77) there is a new two strikes and your out policy. This means that if a tenant breaks rules of their lease (like parking violations or having unauthorized pets) two times in ONE year, they can be evicted.

Not all of the laws were negative, though. One law, Florida Law SB342, eases homestead exemptions for those who have a homestead exemption but need to rent their homes temporarily. This does NOT allow for long-term leases or rentals, but can protect some homeowners who find themselves in temporary binds (up to one month of rentals per year.)

Another Florida Law HB87 also makes some significant changes to the foreclosure process here in Florida, where we have the highest number of foreclosures in the nation. This will do a number of things, including placing a greater burden of proof on lenders when it comes to tracking and maintaining the ownership and default status. It also drops the statute of limitations for banks to go after foreclosed owners and judgments from five years down to one year.

What kind of difference will these laws have on you and your home? Does this introduce any new obstacles to your retirement plans? Or, perhaps this opens up a few opportunities. Regardless of whether these changes bring about good or bad tidings, it’s certainly time to take a careful look at your own particular real estate circumstances to see if adjustments need to be made.

If you’re not sure, that’s a fairly safe indicator that it might be time to seek a little advice from the professionals. Consult with a local real estate lawyer, real estate agency or property management firm to find out how this could affect you and your greatest investments.

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Las Vegas Nevada Real Estate

Here’s a list of the most pricey communities in the state with apartments for lease.

Enterprise, NV – ordinary apartment lease: $1,356em>

This southwestern suburb of Las Vegas with a population of 93,969 tops the list with the highest rent prices in the State. The local community has veteran wonderful expansion over the very last decade — there were fewer than 15,000 residents in 2000. The community is actually upscale with great browsing and straightforward access to Las Vegas which is only 10 miles away. There is a new 80-acre “mountain park” here that has an exciting western-themed village for youngsters to examine and trails top to the summit.

Henderson, NV – typical apartment rent: $one,206

A southeastern suburb of Vegas situated about fifteen miles from the strip, Henderson is extra established than Enterprise, offering extra in the way of buying and mature developments. A terrific put for energetic individuals, Henderson has a well-liked aquatic complex, a 140-acre bird viewing preserve with nine ponds, a recreation middle with a 40,000-square-foot gymnasium, and the Ethel M. Folks that are not from Las Vegas look to believe that we all reside on “The Strip.” Practically nothing is even more from fact. The most well-liked areas to live, such as Green Valley, Southern Highlands, Anthem, and Summerlin are suburbs nowhere near The Strip. Southwest and Northwest Las Vegas are escalating at astronomical rates and, literally, housing can not be built swiftly enough to handle our growth.

Housing

About 34% of the households in Las Vegas are rentals. You will locate an abundance of rental options through Las Vegas, ranging from apartments and condominiums to unique corporate housing to single-family properties. The typical apartment rent (for all apartments) is $738 with a vacancy charge of much less than 5%. Apartments provide some of the most effective lifestyles to Nevada residents. Apartments in Nevada are distinctive than most states. They are new, bigger than most and give all of the facilities that newer housing communities offer you. Several of the more recent communities provide 1, 2 and 3 bedroom units, with or with out garages.

Las Vegas authentic estate is nevertheless fair. It has enhanced significantly in excess of the past year, but continues to offer you some of the most economical housing in the region. Our diversity in housing selections make it easy for you to decide on from city houses to condominiums, gated residing to planned communities, superior rises to manufactured residences.The good quality of lifestyle in Las Vegas is typically far better than in most regions. Las Vegas provides top-notch physical exercise services, outstanding restaurants, the positive aspects of any other town, plus a lot additional. The common property owner is 22 a long time previous, so there is lots of option to advance in your occupation.

Wages

Nevada ranks in the upper 25 percentile of wages presented all the way through the United States. This coupled with our lower expense of living may make Nevada quite attractable to all pros. Some media outlets have talked about the lower degree of education in Las Vegas, but our common median income continues to topple most main markets.

Functioning in Las Vegas

Casinos are no lengthier just gaming they are enjoyment, dining, retail and hospitality. It also is residence to quite a few fiscal institutions these as Citibank, Family Credit Services and Initial Bank of Marin.

Sue To Get Your Real Estate Commissions

Apartment locating in Texas is a big business. Houston and Dallas have some of the largest apartment markets in the entire country. Its a great business as the startup costs are minimal and there is no inventory.

Apartments communities will simply pay a referral fee to the apartment loctor who sends them the business. Most properties have policies in place including when and how apartments pay locators.

Normally to be paid the referral fee the locator or business name must be listed on the application or guest card. This actually can be quite confusing at times, however if you follow the rules of the apartment community in question, you should get paid in a timely manner.

Sometimes we will run across apartment communities/management companies who have no intentions of paying the locating fees. Most apartment locators will simply give up. But if you know what to do, you can normally get paid.

However, we would recommend not sending any referrals to these apartment communities in the future.

Here is a simply process where you can usually get paid. But you will want to make sure you are the listed locator on all the appropriate documentation.

The Demand Letter

Ok you will need to write a well crafted demand letter. You can usually find a sample on the Internet and rewrite it to focus on your specific needs. Of course you will want to include why you are writing this letter, and what you will do if you don’t receive payment.

You can figure that you are probably not the first person who is not able to recover a fee from this apartment community. They probably have a long list of vendors who are not able to secure payment. And it will be your job to jump in front of the others to get paid.

Small Claims Court

If your demand letter does not do the trick you will need to show the property that you mean business. Of course make sure that you were listed as the referral on the application and other necessary paperwork before doing so.

It will just take a quick trip to you local county courthouse branch. You will have to pay a filing fee. However if you have an invoice that is several hundred dollars it will be worth it.

The apartment community will be served within a week or so. Someone will contact you from the legal department and who will most likely be paid.

Acknowledging The Facts About The Real Estate Investing Packages And Courses

Every real estate investors have a hardly any things in common. They are commonly not flying by the seat of their pants. There is a program to follow. {Today, we want to supply you with a simple, yet successful real estate investing program to kick start your victory as an investor.|It is our purpose to give you the essentials of real estate investing program

1) Educate You
Up to now in the evolution of real estate investing, there is no basis that learning shouldnt be number one on your listing. It is the basis and of the life and firm you want to guide in the future. Understand programs are all over are captilized on by the well-versed. There is no one questioning if this is right or wrong. How could you come first if you don’t understand your investment method? You cant. And if you dont you will love money.that is not the aim.

2) Network, Network, Network
You attend to it all the time in real estate it is about location. And when you can’t figure that out, just pay attention to the location. Well, this is right, but if you are leaving to be a upright real estate investor and follow a real estate investing program worth its power in salt, then you have to comprehend the essential importance of networking.

Networking is how you are going to find the best offers on the market. Through networking you are going to assemble the people you want to be successful. Networking is how you are going to find the cash compulsory to get your deals done. Remaining optimistic is going to happen by meeting people with upbeat people.

3) Drive
You have to have drive to be winning in any business. Deep-seated down inside, you must think that you are going to be successful.. Take action on your opportunities by taking the nessary steps.. Be resilent. Stick with your goals and dreams when others have fallen to the pavement. Success never comes to a quitter. Stay in the fight and keep your dream alive.

There is always another real estate investment list, but they are the foundation that a person can be flourishing with if they fix to it, prolong their knowledge and progress, while networking with the market place and studying all they can.

Calgary Real Estate Market Expected To Get A Boost In 2011

While its true that the Canadian housing market didnt crash like the market did below the border, markets across the nation have not been completely unscathed over the last year either. The real estate prices in Calgary in 2010 were the lowest this area has seen in a decade but it appears that the market will see a significant rebound this year, according to the Conference Board of Canada.

The Calgary market was certainly quite affected in 2010 with fewer homes of all kinds being sold overall and home prices sitting at less than stellar levels. So far this year, the market seems to be on an upward trend and will continue that way, according to the experts.

There are many factors that will surely have an effect on real estate in the Calgary area this year including: the strong Canadian dollar in comparison to the US dollar, the new rules that will soon be in place regarding Canadian mortgages, and the strong price of crude oil.

While a strong Canadian dollar always seems like a good thing, the reality is that when our dollar is strong compared to the US dollar, there are fewer Americans investing in Canadian goods. A more even ratio of value between the USD and CAD could suppress real estate sales preventing us from further economic recovery.
The new Canadian mortgage rules arent anticipated to help or hinder growth in the long run, but it reasonable to assume that some home owners will push to buy homes before the changes go into effect.
The price of crude oil has the potential to be an influential factor in how the Alberta housing market performs this year as the higher price tends to result in increased production in the oil sands. Higher production results in more jobs and more money in the province for real estate purchases. The addition of unrest around the Suez Canal this quarter, adding uncertainty to shipping through the area, may also help increase the attractiveness of Alberta oil sand crude.

The current affordability and low interest rates will help to boost housing sales and eventually support higher prices as the demand grows. It is anticipated that home sales will increase by almost 20% in 2011, with prices of Calgary homes for sale increasing by about 4% for single family dwellings. In comparison, the number of condo sales are expected to rise by over 15% with a price increase of around 2%.

Guyana Real Estate Listings Are Highly Lucrative In Long-term

Guyana is the third smallest nation in South America, after Uruguay and Suriname. The population is around 770,000, with ethnic groups from India, Europe, Africa, China, and Aboriginals. The official language is English, though Creole is also widely used. Georgetown is the capital of Guyana. Agriculture, mining of gold and bauxite, minerals, shrimps, and timber support the Guyana economy. Unfortunately, the country faces serious shortage of skilled labor and the infrastructure is quite deficient. Still, the growth rate had been about 3% or more in the last 3 years. Since many daily life products are imported, cost of living is comparatively higher in Guyana.

Guyana real estate market mainly consists of residential Guyana real estate for sale, commercial properties, and vacation properties. International investors should become familiar with the procedures of buying, selling, exchanging, or renting of real estate in Guyana, to utilize the opportunities offered by this enchanting nation. Residential Guyana real estate listings normally include single family homes that are generally around 3,600 sq. ft. as built up area, excluding terraces and balconies. Guest houses having two large double rooms with shower and another 5 double rooms are the norm. Most guest houses come fully furnished. The prices of such large guest houses range from $200,000 to $250,000.

Guyana real estate commercial properties consist of hotels, inns, lodges, motels, restaurants, office spaces, warehouses, store fronts, and other types of commercial buildings. Guyana vacation properties vary widely in range and size. They are comprised of single family homes, apartments, duplexes, condos, triplexes, townhouses, bungalows, cottages, cabins, mansions, chateaus, villas, manufactured homes, timeshares, vacant lands, and even small islands. International real estate investors could use the services of real estate attorneys, agents and brokers, counselors, salespersons, appraisers, and mortgage brokers. The ideal solution would be the employment of a qualified and reliable real estate attorney, well versed in Guyana real estate laws, throughout the purchase or rental process and use an appraiser in the final stages to value the property in proper fashion. Real estate agents and brokers would assist in purchase, sale, exchange, or rental of properties for a fixed commission.

Guyana real estate laws do not discriminate individual international real estate investors from investing in the properties in Guyana. However, registered companies and other commercial organizations are allowed to buy properties only when licensed by the President of Guyana. The closing costs, fees, etc. had been standardized by the law. The Deeds Registry Fees are 2% of property value towards stamp duties and 0.5% towards conveyance. Fees to the attorney are 1% of the value of the property. If the property is sold and profits are made, then 20% of the profits are payable as Capital Gains Tax. If the property had been owned for more than 25 ears, then the capital gains taxes are not applicable. Hence, the total cost of acquiring Guyana real estate for sale or Guyana rentals is comparatively lesser. The international real estate investors with long-term approaches could easily get very good returns from real estate in Guyana.

Top Ten Reasons to Visit Bahia Ecuador

After living in Bahia Ecuador for fifteen months we decided that the time has come for us to share with you the top ten reasons for you to visit this South American town. This question was posed to Bahia locals as well as some of the English speakers who also live in Bahia. -What do you like the most about Bahia-?

One: Tranquility. If you are looking at a photo of Bahia, you may see the many large buildings and think that Bahia is much larger than it actually is. The truth is the buildings, in those photos, are apartment buildings and most of them are empty. Many of the buildings have sixteen to twenty apartments but only two or three of them are occupied year round. The other apartments are owned by folks from Quito and they are only used during holidays. That makes Bahia very quiet and peaceful.

Two: Safety. Bahia is a place where security is seldom questioned. It’s a carefree town but as with any town in the world, you must learn the danger zones. Most people in Bahia will tell you that you will need to watch out for the crazy drivers more than watching out for thieves.

Three: Weather. Many people think that by being on the equator that the temperatures would soar past the one-hundred degree mark and the humidity would be unbearable, but that is not the case at all. The truth is the temperatures seldom eclipse eighty-five and if that does happen, it is only for one hour or so. Many evenings you will be more comfortable with a light sweater or long sleeves. While it never gets cold here, with the evening breeze it can get cool.

Four: Prices. Unbelievably low and here is a short list. Property taxes, for a $100,000 condo, are $64 per year. Lunch is $2 and that includes soup, main meal and juice. Taxi is $1 to anyplace in town, (or you could walk). Labor costs here are $10 per day. The list goes on and on and on. A fifteen hundred square foot apartment with three bedrooms and three baths between $70, 000 and $95,000. Oh, and did I mention that these apartments are beach front?

Five: Clean. Early, every morning, you can see a little street sweeper outside your window pushing his broom to clean up yesterdays mess. It is truly amazing, but Bahia is a very clean town. Six: The Ocean waves. At bedtime, the ocean waves will lull you to sleep and keep you asleep until you simply cannot sleep any longer.

Seven: Entertainment. It turns out that the simplest things in life are the best things in life. Sometimes, when the tide is high, the waves will come roaring over the malecon wall. People will line up against the wall hoping the waves will fly twenty feet into the air to cool them and bring them excitement. It’s fun to watch.

Eight: Triciclo. This is a human driven bicycle with three wheels. This contraption seats passengers in the front and ids covered to protect them from the elements. These tricyclo’s serve as a pleasant mode of transportation. Travel anyplace in town for 50 cents.

Nine: Friendly people. The people here are all friendly and happy. They don’t know much English but that is not a problem, they understand what you need anyway.

Ten: The sunsets. Here, the sunsets are like no other place on this planet. They are very special and well worth the trip just for that.

Bahia is a unique place. A person may search for many years to find such a place. While it is not perfect, show me a place that is.

Life begins in Bahia

Real Estate Slow Down In India

There has been an overall slowdown in real estate industry and various industry players have been affected. Some factors responsible for this slowdown can be increase in interest rates, slowdown in IT industry, increase in property prices, and increase in interest rates loan rates because of which many property buyers have stepped out of market. But somehow this slowdown can bring happiness to those middle class buyers who have been eagerly waiting for the property prices to come down. In major cities such as Delhi, Mumbai, Bangalore, Chennai and Hyderabad real estate market has come down. Also because of increase in cost of raw materials like steel, iron and building material builders are facing difficulty of constructing property at agreed prices.

Real estate slow down in Bangalore

As realty business in Bangalore has been hit by global financial crisis because of this uncertain condition in Indian equity market and property prices builders have come in formidable situation .The condition is that approximately 400 flats or more are still vacant despite of advertisements .And the situation is same with may top builders of country. Many builders developers said they have faced a drop in new projects as compared to last year because of which condition has become worse in the market.

Real estate slow down in Hyderabad

Because of Realty business is facing a slow down developers have decided to launch special schemes to attract buyers like launching special incentive prices etc. Also prices which were at some time had gone up are now cooling off because of which there is low growth rate. There are many factors that have contributed to the present scenario and may small buyers have backed out from the scene because of high interest rate, increase in input cost and strict rules. Indias largest real estate company DLF which has built may commercial and residential projects has announced that they will make high end luxury apartments at affordable prices in Hyderabad after seeing IT and real estate slow down.

Real estate slow down in Delhi

Delhi/NCR has also been badly affected with this realty slow down .Some real estate developers or agents have shut down their business and switched to other business because of this slowdown as it was being difficult for them to survive in these conditions.

Real estate slow down in Mumbai

Mumbai Real estate is a very large market with many Top builders and developers under its belt. But there also Developers have to cut down their prices for new homes for sale as condition of market has still not improved yet. As Mumbai has a large market for supply of high-end apartments as compared to other cities still there is a fear that of oversupply as many buyers have backed out.

This may be the current situation of Realty business in major metropolitan cities but there was also a time when a handsome salary package of six figures meant a home in the heart of metropolitan city .But the property boom turned down this dream of many people .Now we can say that only rich people are finding a home for themselves in theses metropolitan cities. With trembling condition of sensex and liquidity scare in banking sector the real estate industry has to come up with ways for attracting buyers. But sources are saying that this is a temporary condition and real estate developers are hoping the conditions will improve soon

Erp For Construction Industry

Now a days members of the Engineering, Construction, Contracting, and Real Estate industry are facing biggest challenges and need to meet todays market demands. Biggest challenges are like estimating the cost of construction, manage their assets, their suppliers, subcontractors, HRMS and financial management systems.

Different departments are maintaining the data in different sources by using different files. For example the accounts department was maintaining a software package, and other departments were using excel sheets and not linked to accounting software. And all the times, much of this data available in site offices which was not connected to head office.

Whenever there is a demand of any data or reports, all the departments have to dig out the information, and consolidate it in to report. All these process of collecting data from different departments and consolidating it to reports done manually. This lengthy manual process will badly affect to the decision making process.
A centralized approach to manage data aggregation and dissemination is needed to ensure the long-term value of these firms.

QUADRA ERP is Researched, Designed, and Developed by construction functional experts with technical excellence of software professionals. Over 20 years of construction domain experience of the team has equipped to deliver world class solutions for this complex ECCR&O domain. Specialized knowledge on the requirements of the business practices of the industry gave leverage to the development of a comprehensive and integrated ERP package coordinating all the activities of ECCR&O Industry.

Quadra is an ERP Solution for ECCR&O which integrates all major activities and monitors entire processes in continuous basis. Its a functional software package, which automates workflow between departments with in built control.
The entire system of Quadra comprises well-defined modules for executing and managing different processes in construction. All modules integrated with one another. The Quadra ERP for ECCR&O comes up with below mentioned modules.

PRE CONSTRUCTION:
The initial processes involved in a project are taken care of. The following modules such as Land, Liaison and Legal modules are covered in this section. The land module deals with the matters involved in the initial survey to the final purchase of the land. The legal module helps in having a follow up in all legal related matters. The liaison module helps in automation of work from one department to another.

CONSTRUCTION:
The engineering module contains all the major activities that occur in a project. There are many modules with the help of which the working becomes much easier. Some of the core modules which will fall under the construction section are Tender Bid Management, Estimation, Contractors Billing, Materials Management, Labour Management, Plant and Machinery, Contract Sales Billing, Fixed Asset Management, Project Scheduling, Reporting Tool, MIS, Dashboard and many more modules.
POST CONSTRUCTION:
The post construction section basically deals how a product can effectively keep up the confidence of the clients by managing the assets and by keeping good relations with the customers. The modules which play a major part in the post construction section are lease and rental, project maintenance, and after sales.

FINANCIAL ACCOUNTS:
Finance is one of the major areas of concern for any company to decide on the ongoing processes and for the future projects. Quadra gives you complete financial management solution. The integrated finance with other modules with the automatic postings gives user to manage, track and maintain financial health of the enterprise. The module offers depth of functionality in accounting, reporting, and financial analysis. This is comprised of Chart of Accounts Creation, General Ledgers linking to company, Tax masters, Opening Balance entry, Cash Budgeting, Voucher Entry, Voucher Posting, Bank Reconciliation, Inter-Company Fund Transfer, Accounts payables and Account Receivable.

HRMS:
HRMS system takes care of the human resource and payroll functions of an organization. Functions performed by Quadra HRMS includes Consultant Definition, HR circulars, Notifications, Awards to employee and Disciplinary action against a employee , Job Vacancies code creation, Man power request from other departments, Applicant Registration, Scheduling the interview, Employee Appraisal, Employee Training, and Employee Portal.

CRM:
In todays competitive business scenario, holding on a successful customer is as critical as finding a new prospect. The activities which involves sales and marketing are also a part of efficient CRM. This Module helps the company to track all pre sale and sale activity right from the enquiry to the closure of sale. This module helps to take care of all marketing activities and its budgets. This module comprised of Enquiry Management, Client Management and Marketing Financials.

CONCLUSION:
All the data and information should be accurate, timely and consistent. More importantly, an ECCR&O organization needs a standard and complete integrated system to consolidate and handle the data. Lack of such complete integrated system may affect badly for ECCR&O organizations in the long run.