One of the most lucrative types of real estate ventures is residential units. There are several aspects that influence this particular decision. One of the most dependable ones is the world population, which currently stands at 7.4 billion. This is steadily rising, and in the next thirty or so years is expected to hit 9.7 billion. This means that more people will need homes.
Another factor is the slowly recovering economy. Individuals are still not buying as many homes as they used to. Thus, they are focusing on rental property. This is why it is a good time to consider REIT investing opportunities to make the most of the situation. While there is a good chance for you to make a considerable profit, you must still know how to deal with this sector. Only once you can identify encouraging and discouraging markers will you truly be able to succeed. Here are some key signs you should look out for:
A Healthy Market
If you are new to this particular asset class, you may want to be wary during weak moments in the market. While some are capable of maneuvering these particular situations, more end up failing. This is why you should identify the particular indications of a healthy market. The first thing you need to consider is the interest rates. It is a good time to begin financing when the interest rates are declining. This is because you will end up paying less for your loan. Another thing you should take notice of is the local GDP. This is a good indication of how the overall market is performing, thus providing you with a decent idea about the real estate sector.
Selecting a Location
Once you are able to determine the state of the market, your next order of business involves picking the ideal location. This means you are going to have to look into the unemployment rate as well as the information provided by home price analysis. This way, you will be able to determine whether or not a particular area is a smart choice. Typically, you are going to want to opt for an area that is displaying good unemployment trends. This means that unemployment is going down, instead of remaining stable or increasing. You are also going to want to invest in a sector that is showing healthy HPA data as well. It is a good idea to always finance residential units in locations that you are familiar with. The greater the understanding of the overall area, the easier it will be to manage.
Identifying Urban Sprawl
The decisions that you make regarding urban sprawl are dependent on how much risk you are willing to incur. For instance, in a stable market you may be willing to bet your money on certain possibilities. If you see an area that looks like it is going to develop significantly, you may want to place your money in the project. While you may be prepared to take a certain hit, it is a good idea to make sure of certain elements. First, ensure that the employment rate is good and that the overall economy has not declined in recent years. If you are not willing to take a risk, you can invest in the core of the housing ring, ensuring a profit.
These are just some of the things you should consider before getting involved in the housing or residential units market.
When it comes to renting a piece of property, be it a flat or a house, you have to know what kind of rental agreement you are signing. This is for your own protection but also for an amicable arrangement with you and the landlord. It’s to ensure that you will not be unpleasantly surprised if there is a misunderstanding or disagreement.
There are different types of tenancies in the UK, and it pays for you to know what type of tenancy you are getting into.
The types of tenancies in the UK
The first and most common type of tenancy is the AST, or Assured Shorthold Tenancy. This is also referred to as a SAT, or Short Assured Tenancy, in Scotland. An AST is a type of tenancy where you have a fixed agreement or term of six months or one year.
In an AST, the landlord of the property does not have permission to reclaim possession of the property until after a period of six months – even longer, depending on your term – unless you give your permission. This is as long as there has been no breach in the contract. However, once the term or agreement is ended, the landlord can reclaim possession as long as they give you a notice of two months in written form.
If the rent for the year comes up to over £25000 or if the tenancy is not in your name (in the name of a company, for instance), another type of tenancy agreement will be put in place. The same is true if the landlord is also living in the same property.
In a periodic tenancy, there is no fixed term. You and your property landlord can simply agree to make an extension of the tenancy without having to make a term or agreement. In a periodic type of tenancy, if the landlord wants to regain or reclaim their property, they still need to provide you with a notice of two months. If it is you who would like to leave, you need to give notice as well – at least a month in advance.
A third type of tenancy is the AT, or Assured Tenancy. This is similar to the AST but it can only end if the landlord can prove that you have breached the contract or agreement terms.
If you would like to be sure about the type of tenancy you will have, you can always speak with a qualified estate agent such as one from www.beresfordsgroup.co.uk who can help you with finding rental property or finding property for sale, such as property for sale in Colchester.
These days with property prices touching record high and sales falling, developers are increasingly resorting to constructing smaller homes with cramped spaces. This is being done to:
- Cut cost
- Make the homes more affordable
- Increase sales
- Decrease the rising inventory of unsold flats, etc.
Having said this, it certainly is not the best solution as the buyers have to spend 10s of lakhs and most times even crores to get a shelter that is not well designed, lacks space, features improper orientation and doesn’t look elegant. It seems more like a compromise than anything else. Hence, home buyers these days are increasingly looking at purchasing properties in ground floor. This can also be substantiated by fact that most online searches performed over the last few months on online property website like Housing.com has been for ground floor apartments. Grounded homes offer several advantages when compared to high rises. Some of these benefits are clearly visible in cramped cities like Mumbai, Thane, Delhi, Navi Mumbai, etc. where space is a serious issue. These include:
Most flats that are in ground floor of a high rise or tower are comparatively cheaper. Buyers here can easily get discounts of up to 2% to 10% on existing rate in the building. A prime example here of Santosh who was looking out for a 3 bhk flats in Chandigarh in 2012. However since his budget was 30 lakh rupees he was finding it extremely difficult to find a decent 1 BHK apartment for his family. In his search he ended up meeting a builder who had sold all flats in his mini township project and had just few flats left in ground floor. Now because the builder wanted to sell these off and handover the project to society he offered the ground floor home to Santosh in 28 lakh as against 48 lakh rupees that he had initially quoted for other flats. Santosh was extremely pleased and the deal was successfully executed. This is not an odd example and there have been several such cases wherein ground floor homes have been sold on huge discounts.
Unique space in the form of verandah
Most flats that are in ground floor have a verandah from where the kids play area and other conveniences within society are clearly visible. This makes it for beautiful visions which most people desire for.
Feature small garden
The other big advantage these homes offer is in the form of small gardens. People staying in garden flats can do some gardening, plant trees, beautify home and explore the garden to fullest. This is not possible with flats that are at higher floors. And even if the high floor apartments offer in house garden, they command heavy premium.
No hassles in shifting
Staying in grounded apartments is not only convenient from the point of view of serene beauty, lush green gardens and green environment but it also makes the shifting convenient. A lot of people complaint that their furniture is broken when shifting to flats at higher floor since the workmen use stairs. Nevertheless, there is no such issue for residents of ground floor.
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Alongside ουr Androidsolution, wе’re introducing iOS Sync fοr Google Apps giving уου аnd уουr company thе increased security needed tο protect уουr files, emails, documents аnd more οn уουr favorite iOS phone οr tablet. iOS Sync іѕ integrated rіght іntο thе Gmail аnd Google Drive apps fοr iOS, ѕο уου don’t hаνе tο take аnу action tο download аn additional app. And iOS Sync wіll support iOS 7, 8 аnd, οf course, thе nеw iPhone 6 аnd 6 Plus.
Aѕ раrt οf iOS Sync, уου’ll gеt thе following additional security measures:
- Manage Google Apps: Set a policy thаt prompts employees tο enroll thеіr device whеn thеу log іntο Google Apps such аѕ аnd .
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- Support fοr existing policies: Manage password requirements, data encryption аnd camera policies, аѕ well аѕ actions lіkе remotely wiping a device, activation approvals аnd blocking devices.
iOS Sync wіll bе available fοr Google Apps fοr Work, Google Apps fοr Education аnd Google Apps fοr Government beginning next week. Administrators ѕhουld gο tο thе Admin console tο enable thеѕе nеw functions.
Work frοm anywhere, safely οn уουr favorite device whіlе keeping уουr work information secure wіth Google’s mobile management tools.
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Google Maps enables thе Census Bureau tο paint a rich portrait οf thе country, whісh іѕ available tο anyone whο visits