- Declutter. The goal is for people to imagine themselves and their possessions living in the space. To achieve this, you’ll need to depersonalize each room, and clear it of any items that evoke emotion or are polarizing to the viewer. Remove all the excess clutter, take down photos and posters. The kitchen should be mostly emptied of appliances bar a good-looking kettle and toaster! If you have only an older, beat up set, conceal them in the cupboard. Empty the top and front of the fridge. Each room should have the bare minimum of furniture, with plenty of space around each object to ‘breathe’. Professional Home Stager Meredith Baer, who has staged properties in the U.S for clients such as Madonna, Christina Aguilera and Jimmy Kimmel, recommends clients ”clear out 75% of their stuff”. That’s how much you should aim to empty your house for it to feel spacious, uncluttered and for people to imagine their things in the space.
- Clean. Conduct a thorough, detailed clean of your entire house. Clean the windows, blow the leaves off the front path and clear the roof gutters. Vacuum the door tracks and window runners. Polish the chrome and stainless steel and make
Residential property investment is actually relatively low risk and as a result, low return. Commercial property includes a higher return but this comes in a higher risk. For instance, a flat or device will average a come back of 5% whereas commercial property, such as the warehouse, may average 8%.
The higher risk comes as higher vacancy rates. Let’s make use of the warehouse example. It could take a while to locate a new tenant for the actual warehouse, many months and possibly greater than a year. Conversely, finding a brand new tenant for your residential property will require generally a week or even two.
Duration of rents
Residential leases tend to become for six or 12 several weeks. However, commercial property leases are usually for a much longer time period. It is not uncommon to possess leases that are to have an initial five-year period, using the option to renew with regard to another five years, after which another.
Quality of renter
The tenant is obviously an important part of your home investment. In commercial home, a government or large corporate tenant is recognized as a ‘blue chip’ renter. They are likely in order to rent your …Read More
When you’re up all night trying to figure out how your dreams became a big financial burden is not the time to be making decisions that could affect your livelihood and quality of life. Real estate is an investment, and treating it like a business is the only option. If you’re in a bad situation, you might rush the contractor and force him to cut corners that will bite you in the ass later. You might decide on a marginal prospect and get a tenant that pays for one month but lives in your investment for seven more as you try to get her out. You may consider selling the building in a down market to get out from under, and take a tremendous loss that will set you back for years!
If this sounds like a place you’re in now, take a step back. Your situation may be bad, but acting rashly is bound to make it worse. Desperation will only dig you a bigger hole. There are banks, relatives, friends and even the Small Business Administration that might be able to help you with financing to get through a rough spot and to keep you from making bad …Read More
Bamboo is so fast growing it could be the most ‘sustainable’ and natural commodity on the planet! On the question of it being replaceable, well some bamboos can grow as much as one meter in one day which is 1.5-2.0 inches per hour (under special accelerated conditions).
Even under natural growth conditions, a large full-sized bamboo tree could grow in six years, as opposed to sixty years for an average North American tree. This is a very high yield; in fact bamboo has been labeled the fastest growing renewable resource on the planet.
With all this growth, bamboo can be exploited without guilt, but in the West we have not, so far, found many uses for bamboo. All this is changing with the onset of the green outlook; in Asia, bamboo has been used for almost everything.
For centuries, Asians have used bamboo to make houses, to form single span bridges and to build scaffolding for high rise buildings; they have been making hard wood-effect floors with it, making towels and sheets with it, eating from it and even eating it (bamboo shoots). How versatile is that?
Strangely, to date, we do not seem to revere it so much over …Read More
The prefab has gotten a bad rap from shoddy building practices in the past, due to mass-produced, low-quality buildings of the past. Also, prefabs have been erroneously associated with mobile homes, which have their own stigma. It has taken interest in economical, customizable and “green” buildings to overcome the perception that homes manufactured in a factory are inherently ugly and poorly constructed.
A prefabricated home is, as the name indicates, built before it is placed on the property where it is to stand. Some of the advantages that people cite are that the factory process results in less waste, less chance of environmental damage, less overhead from stolen tools and equipment (that might be left during the building process of a traditional home), and less chance that structural faults will be overlooked. Once built, most prefabs don’t look different from “stick-built” or traditionally constructed houses. High quality prefabs also age and appreciate in value similarly to stick-built houses, making them a viable choice for the property owner who wants to have a home constructed according to their specifications.
Recently, a number of award-winning environmentally sound designs and structures have awakened the public’s interest in manufactured homes. There are now a …Read More
Once you have received a copy of your credit report, it is important that you thoroughly review the credit report, resolve any derogatory accounts and inform the credit bureaus of any inaccuracies. The money you intend to use for your down payment should be in your bank account for a minimum of 60 days or you will likely have to provide a paper trail of the source of any large deposits. Each loan type will have different approval guidelines, but for most mortgage programs the standard maximum debt to income ratio is 45% of your gross income. Depending on your income sources and deductions on your tax returns, the income used by your lender may differ from your calculation. Once you have your credit, down payment, and have accurately calculated your debt to income ratio, you should be able to determine which loan type best suits your situation.
Ask your friends and family for referrals when shopping for a mortgage. Create a list of lenders that your trusted colleagues recommend. When comparing mortgage loan offers, make sure you compare apples to apples. Compare similar rates, terms, and costs. Make sure you ask for a loan estimate, which should include all …Read More
- Drive a hybrid. Because 33% of CO² that is being produced is from transportation (Sources of CO² in he US as of 2004). This conscious change in vehicles would make the biggest impact of all. We spend A LOT of time in our cars and when you are in the market for a new one…think green. For all you show-off realtors who need to have the best of the best, hybrids are very trendy and hip. Google “new hybrids” and you’ll see.
- Recycle and reuse. How many listings do you print off that you end up not using or even keeping? Lots! Please recycle. Or better yet, turn them over and re-print on the good side. I do it all the time. It’s my copy and when it is noticed by the buyer, I can brag how I am saving the environment. You’ll be saving some coin in your pocketbook too.
- Use electronics. Instead of driving all over to get signatures, please fax, scan, or email. As long as you pick up the originals in the end, it all works out. You’ll not only save emissions from driving, money for gas, but your time as well. Another great electronic device
Cost resistance is losing its credibility. Cost at the expense of the environment and accompanied by high energy costs no longer makes sense, or is that cents.
The Obama Administration has invested in the green movement. Government has shown unprecedented support for the value and future of sustainable construction. The Obama stimulus package has set in motion plans to create about 3.5 million green energy jobs over the next two years. The private sector has been slower than the public sector to respond to the merits of green construction.
Not all the private sector’s cost resistance is unfounded. In the formative years of the green movement, sustainable technology costs were prohibitive. These costs required a true commitment to the future and to the green movement. The return on investment was lacking. However, as sustainable technology has evolved and as demand for equipment has increased, the cost of the technology has declined substantially.
Reports from the National Association of Realtors indicate the costs related to sustainable, green construction have decreased appreciably. Recent estimates put new green construction costs at 1-1.5% above traditional construction costs. Meanwhile, energy savings range can yield a 15-35% savings.
In the 1970’s, the green movement began to …Read More
When staging an open house look at any problems spots from the buyer’s perspective. If the walls are painted a color that only you might like or that a potential buyer might find unattractive then you should paint the walls a neutral color or some type of off white. This way they can picture the room’s walls painted in a color that they like and would go with their decor that would be in the room.
You should plan fixing areas of the home that seem outdated. One example is kitchen cabinets that may be painted an ugly color or the knobs are mismatched, discolored, or even missing you should replace the knobs with something attractive. You could even remove the paint if you want and re-stain the cabinets a wood color. Make sure that the countertops are not stained or chipped.
Make sure to fix any minor repairs such as a step that is loose on the staircase leading to the basement or outside, a leaky faucet, missing railing on the stairs, etc. You do not want someone to fall and get hurt. Seeing little things like this can make some buyers feel that more things could be wrong …Read More
While it is true that improving the outer look of your home will hardly add value, it will surely spark the interest of any prospective buyer. Think of this: if you can get the person viewing your home in a positive state of mind initially, before they actually come inside, then your odds of selling the property are much greater. If you are already convinced that curb appeal matters, keep reading for some practical suggestions on how to achieve a good outcome:
Get a lovely look on the front door – one of the first things everyone is going to look at is the front door. You may have the selling details pinned there, and in case the door is in a sorry state, you are not going to attract much interest. What you can actually do is pick a vivid colour and just go with it – the front door is pretty much the only place you can do this, and it is going to scream ‘Look at me!’
Get the outdoors furniture in good shape – don’t try to save from patio furniture. Cheap pieces really do look cheap and there is nothing you can do to hide …Read More