The demand for condos is still high and a good number of developers are making them available to meet with the market demands. New condos come with better amenities, units and benefits and they are not really equal. Some are better than others, but there are things or features that you can use to be sure that the condo you are interested in is really worth the money you are going to spend on it.
1. Good location
1. Switch to Energy-efficient Lights and Fans
One of the most effective and simplest ways to reduce your energy bills is to switch over the lighting of your home to fluorescent bulbs. Skeptics have been raising concerns about the safe environmental disposal of these bulbs due to their mercury content. However, if you follow proper disposal instructions, this concern becomes addressed fully.
A single fluorescent bulb can produce light equivalent to an incandescent
By accident, I believe that our industry does us all a disservice. How? By calling us real estate investors.
How many of you call yourselves real estate investors? Lots. How many of you feel a little queasy when you introduce yourself as a real estate investor? (No need to confess you just need to recognize that feeling).
Do you want to know why you may be feeling queasy? I’ll tell you. It’s because of the incongruent language we are using on ourselves. Let me prove it while helping bust the number one fear of real estate “investors”.
What do you think of when you hear the word investor?
I bet it’s “cash” or “credit”. Right? Maybe something that you feel that you don’t have. So if your business card declares you a real estate investor and you don’t have any cash, do you feel funny, or out of integrity, or incongruent? Maybe a little?
On the other hand, what do you think of when you hear the word entrepreneur? The answers to this question usually range from “opportunist” to “opportunities” to “ideas” to “deals”, etc.
The definition of an entrepreneur is someone who uses the time, talent and treasure of other people to realize their idea or vision. Read that again because this a subtle but important point about your real estate success.
The number one limiting belief of real estate “investors” is “I cannot do this business because I have little cash and/or bad credit.” And if your subconscious holds this belief, guess how hard you are going to work to find deals. Guess how many deals your are likely to do. That’s right, you will do ZERO.
Good news! This limiting belief is easily busted.
You are not a real estate investor. You are a real estate entrepreneur.
What’s the difference? Well, entrepreneurs bring the deals to the money. Investors bring the money to the deals.
By DEFINITION, entrepreneurs are not expected to use their own cash. They are expected to raise cash for their deals and projects. That’s what we do. We find the one thing that is much more valuable than the cash which is the deals.
Money is easy. Finding the deals is the part that requires a little work. But most real estate “investors” get hung up in marketing or making an offer because they don’t have the cash sitting in their checking account. They freeze.
You need to declare yourself a “Real Estate Entrepreneur.” That’s what I do. At this stage of my life, it’s more fun being the entrepreneur and putting deals together. It’s my form of creativity. It’s my art. Being the investor and putting up the cash is OK but it’s kind of like being the guy that furnished the paint to Michelangelo. Nobody remembers the paint supply guy.
Phoenix Property – Great Pricing and Opportunity For Snowbirds and Investors
Now is the best time to buy and invest in a Phoenix Arizona property. Whether you plan to buy a residential home or a second home for the winter vacation, the latest figures on a Phoenix Property – great pricing and opportunity – indicate only the best deals and the most promising returns to investment. Phoenix Property – Great Pricing and Opportunity for the First Time Homeowner Relocating to Phoenix on a new home does have its advantages. For one, real estate property taxes in Arizona are relatively lower than from where you are probably from. Climate and weather, of course, is another come-on for first time Phoenix Arizona homeowners as they can simply head up north where its cooler during summer in Phoenix. Furthermore, unlike other states constantly hounded by hurricanes, floods, and typhoons, Arizona enjoys a relatively temperate weather. No unpleasant surprises there and no additional cost for home and property insurance. Phoenix Lifestyle Sending your kids to school won’t be a problem when relocating to Phoenix Arizona. In Maricopa County alone, there is close to 1,000 schools – public, district, charter, and alternative schools. With the number of schools found in Phoenix, the only problem you’ll ever encounter with school in Phoenix Arizona would be in selecting which school to send your kids to. Arizona’s gun law also offers parents a certain degree of security knowing they will be sending their kids to school in a relatively safe, gun-free state. Things to do in Phoenix are just as boundless as its skyline and its perpetually warm sunsets. From arts and culture, downtown touring, sports and golfing, nature trekking and hiking trails, shopping, health spas, anyone from any other state and anyone from every walk of life is likely to find one or two reasons why its worth moving or worth spending winter in Phoenix Arizona. Shopping malls, grocery stores, recreational centers, golf courses and resorts are just around every corner making it easy and convenient for any relocating family to adjust and warm up to sunny Phoenix. Phoenix Property Investment Opportunities Whether you’re an individual macro investor or a large scale real estate investor, you’ll be glad to know that the real estate industry is looking up in Phoenix Arizona. A study conducted last year produced indices indicating that average prices for Phoenix Arizona homes have gone back to 2003 price average. Sales of homes – new ones and multi-family units, as well as the release of permits for new housing have also significantly increased. If we compare it to Arizona’s peak home pricing average which was in 2006, the 2003 home average pricing is still 29 percent low. But all the better for the investor. The significant increase and rebound from the widespread economic decline indicate that the economy is bouncing back while still allowing for investors to acquire properties at low prices while, at the same time, promising room for investment growth in the property value. For a state with an economy relying mostly on its real estate industry, this is noteworthy news for investors, even out-of-state ones. Phoenix Snowbirds Phoenix Arizona, with its perennially warm, sunny weather even in winter, has become one of the key destinations for northern snowbirds to migrate to during the cold winter months. This is another great opportunity for Phoenix home and property owners who have the option to rent out rooms, spaces, or even the entire property to winter visitors for most months of the year. Hiring the Help of a Phoenix Area Realtor As a state that runs mostly on it real estate industry, there are hundreds of Phoenix Arizona realtors, but only a few ones that are really good and can show you the trick of getting the best property deals at premier locations. In any case, when engaging the help of a realtor though, you’re expected to know a couple of things beforehand that must be relayed effectively to your realtor. Get your budget straight and know how much you’re willing to spend on a Phoenix Arizona property. Different areas in Phoenix have different median sales price so your budget might depend greatly on where you want to buy a property and how you want to use it. Maureen Karpinski Find your Phoenix Arizona Property at Cactus Country Arizona Homes & Properties
Georgia is a wonderful place to live in. No wonder you have decided on picking up Georgia real estate for living-in or investing. Your Georgia real estate hunt can quite easily start with looking for the real estate prices (i.e. average prices) so as to gauge what kind of house and location will fit your budget. This is assuming that you have already estimated how much you can afford to spend on that Georgia real estate piece that you are so much after. With little effort you can easily find out the Georgia real estate prices. You can do this in a lot of different ways. One way is to directly give a call to a Georgia real estate agent and ask him about what kind of house you can get within your budget (if you are looking for Georgia real estate for investment purposes). In fact, a lot of people find it easier to just make a call to the real estate agent and get a grasp of the going prices for properties in any place let alone Georgia. Now, as mentioned above, if you are looking for Georgia real estate piece as an investment option, then you would start with checking out what you can get for your budget. However, if you are looking for Georgia real estate because you actually want to live in Georgia (and enjoy your life), then you would be better off starting with your most basic requirements from a house e.g. you could specify a 1 bedroom house or a condo or whatever, if that is the minimum space you would need to be able to live in comfortably with your partner or your family etc. If you cannot get that basic house in the location of your choice in Georgia, you might have to rethink and figure out other options (e.g. not going for Georgia real estate at all, or picking up a house at another location in Georgia, or waiting for some more time before you can actually own a Georgia real estate piece etc). So evaluation of affordability is important. Here, we are not saying that you should not evaluate the affordability factor if you are looking for Georgia real estate for living in and not investing. It’s just that you will need to pose the question differently to that Georgia real estate agent. In any case, you should never reveal your real budget to that Georgia real estate agent. Mention an amount that is lower than your real budget by 10-20% even if your Georgia real estate insists on what maximum you can spend. For a person who is looking at Georgia real estate as an investment avenue, the Georgia real estate agent is just a way to find out the going rate he will have to use other real estate investing techniques to find the best deal. So your Georgia real estate hunt can easily start with just calling up a real estate broker.
Mumbai-the commercial capital of the country and home to the Indian film industry, has always been a preferred choice for buying, selling or renting properties in India. It is recognized as an IT/ITES hub and this has led to a thriving demand for properties. Despite the skyrocketing real estate prices, the city has something to offer for every class of the society to invest in real estate.
Due to large scale urbanization in the suburbs, Mumbai is expected to see very high demand for residential space of approximately 16.40 lakh units. The mid-scale and affordable housing in suburban and peripheral areas will be the focus of this demand.
The eastern suburban areas of Navi Mumbai, like Kharghar, Airoli, CBD Belapur, and Sanpada which have been getting a lot of infrastructural developments, happen to be good investment options. Rates in Navi Mumbai range between Rs.3000 to Rs.5000 per sq ft. While the North Western and Eastern suburbs continue to be the preferred locations; in Mumbai, the demand has continued and there are some new projects coming up in South Mumbai. Also, Central Mumbai areas e.g. Wadala, Sion etc are coming up with new residential ventures.
Navi Mumbai is getting the larger share of the pie, as most of the real estate projects are coming up here and the prices are affordable as compared to Mumbai. Many options are still available in Mumbai, wherein you can afford to have an abode of your own. Lets have a look at a few of them:
Kurla- One of the major suburb of Mumbai, the suburban railway station lies on the Central and Harbour line. Lokmanya Tilak Terminus lies near to the Kurla Suburban Station, which is a terminus for out passenger/express trains. It has its own railway junction and is 3.5 Kms away from the domestic airport and 13.5-14kms from Mumbai Central and Mumbai CST respectively. The locality has got Engineering Colleges as well, apart from lots of schools and various other educational institutions.
Borivali- The Borivali suburban railway station is on the Western Line. Located in the North-Western Mumbai, it is one of the few places in the world that has got a National park within the city limits-The Sanjay Gandhi National Park. There are a number of well known educational institutions managed by the Franciscan Brothers. The very famous amusement park, “Essel World” and Asia’s largest water park “Water Kingdom” are located here. It is at a distance of approximately 18 Km from the airport and 32 Km from the Mumbai Central.
Sion- The Sion suburban railway station lies between Matunga and Kurla on the Central line. There are a few residential projects coming up in this area. The Central Labour Institute is nearby and other schools and colleges are also there. Not only the local trains, but also the Sion BEST bus depot connects it well to other localities like Wadala, Dadar, Antop Hill, Bandra etc.
Vikhroli- This Mumbai suburb has a railway station with the same name on the Central line. Similar to many other areas in Mumbai, it is divided by the railway line between two parts, namely Vikhroli East and Vikhroli West. There has been a proposal for a bridge to be built over Thane creek to Kopar Khairne, Navi Mumbai, the third linkage between Navi Mumbai to Mumbai. It lies between the Ghatkopar and Kanjurmarg Suburban Railway Stations.
Chembur- Located 22 Km to the North-East of Churchgate, Chembur is located in the eastern part of Mumbai. The Suburban Railway station of Chembur is on the Harbour Line. Owing to its central location, it is well connected via roads to Navi Mumbai, Ghatkopar, Sion, Kurla, Mulund, Mankhurd, Panvel and Thane. The NG Acharya Garden or Diamond Garden, Sandu Garden and Pestom Garden. are the major attractions of Chembur. It is about 20 Km from the international airport and 18 Km from the CST railway station.
Jogeshwari- Jogeshwari Suburban Railway station lies on the Western Line between Andheri and Goregaon. Jogeshwari-Vikhroli Link Road or JVLR, as it is popularly known connects it to the central suburb of Vikhroli. The place is mostly inhabited by Muslims and Maharashtrians. The suburb is named after Goddess Jogeshwari. There are some earlier caves in the eastern part of the region, dedicated to Lord Shiva and Goddess Jogeshwari. There are some of the well known schools and colleges in the area.
Ghatkopar- One of the richest suburbs of the city, the place is filled with all kinds of shopping centers, jewelers’ shops, cloth shops, eateries etc. It lies on the Central Line of the suburban railway station, between Vidyavihar and Vikhroli. North Bombay Welfare Society High School (Ghatkopar West), Fatima High School (in the border area with Vidyavihar), Gurukul High School (Ghatkopar East), Garodia High School (Garodia Nagar), Ramji Assar High School (Ghatkopar East) area few private schools in the area. For arts, Science, Management, Engineering and Medicine streams, the famous Somaiya family of colleges is here. In addition, the suburb is served by at least three Municipal schools. It lies 6 Km from the international airport and about 18 and 16 Km from CST and Mumbai Central respectively.
Goregaon- It is a major suburban railway station on the Western Line between Jogeshwari and Malad. It is in the northern part of the city and is easily accessible by buses, trains, auto-rickshaws and taxis. Not only has it housed the famous film studios Filmistaan and Film City (in Goregaon East) but also the cinemas like Anupam and Samrat. Goregaon West is known to have most of the shopping centres of the locality. The Western Express Highway and Linking road lie on either side of the area. It is primarily a middle class locality.
Malad- It is well known for Marve/Aksa/Erangal beaches where the famous Raheja group hotels Resort/Retreat are situated. It is on the Western Line of the Suburban Railway between Goregaon and Kandivali. There are a number of shopping centres, markets, theaters etc in the locality. Malad East has many popular housing colonies like Raheja Township, Govind Nagar, Mahindra Nagar and Pratap Nagar. Mahindra Nagar is a clean and green society, which was nominated as the second most pollution-free area in Mumbai by Eureka Forbes after Aarey Colony in Goregaon.
Area-Avg Price/Sqft(INR)-Avg Rent/Sqft (INR)
Kurla(East/West)-6092 / 7688-21 / 29
Borivali(East/West)-6330 / 6884-21 / 18
Vikhroli(East/West)-6051 / 6609-19 / 24
Ghatkopar(East/West)-7458 / 6880-26 / 24
Malad(East/West)-7204 / 5336-24 / 25
Jogeshwari(East/West)-9190 / 7309-32 / 28
Goregaon(East/West)-7605 / 7968-25 / 25
The above localities offer a lucrative option for real estate investments. These are well developed and have a better infrastructure in comparison to the developing Navi Mumbai suburbs. Also, they offer a cheaper rental as well as capital values, when compared to the Mumbai’s Golden triangle, Malabar Hill, Breach Candy and Altamount Road and other costly areas, where residential properties sell in the range from 40000-62000 Rs/Sqft .
Real estate is often termed as the safest investment avenue. In fact, real estate investments done with proper evaluation of the property (and its true value), can lead to good profits. This is one reason why some people pursue real estate investment as their full time job.
The talks of real estate are generally focussed towards residential real estate; commercial real estate seems to take a back seat. However, commercial real estate too is a good option for investing in real estate.
Commercial real estate includes a lot of different kinds of properties. Most people relate commercial real estate with only office complexes or factories/ industrial units. However, that is not all of commercial real estate. There is more to commercial real estate.
Health care centers, retail structures and warehouse are all good examples of commercial real estate. Even residential properties like apartments or any property that consists of more than four residential units are considered commercial real estate. In fact, such commercial real estate is much in demand.
So, is commercial real estate really profitable? Well, if it were not profitable I would not have been writing about commercial real estate at all. So, commercial real estate is profitable for sure. The only thing with commercial real estate is that recognizing the opportunity is a bit difficult as compared to residential real estate.
But commercial real estate profits can be real big in fact, much bigger than you would expect from residential real estate of the same proportion. You could take up commercial real estate for either reselling after appreciation or for renting out to, say, retailers. The commercial real estate development is in fact treated as the first sign for growth of residential real estate.
Once you know of the possibility of significant commercial growth in the region either due to tax breaks or whatever, you should start evaluating the potential for appreciation in the prices of commercial real estate and then go for it quickly as soon as you find a good deal. And you must really work towards getting a good deal.
If you find that commercial real estate, e.g. land, is available in big chunks which are too expensive for you to buy, you could look at forming a small investor group with your friends and buy it together and split the profits later.
In some cases e.g. when a retail boom is expected in a region, you might find it profitable to buy a property that you can convert into a warehouse for the purpose of renting to small businesses. So commercial real estate presents a whole plethora of investing opportunities, you just need to grab it.
For your business purposes, check which type of thing that you want the real estate investment companies. Select from an LLC or a sub-chapter S corporation or C corporation. It is depending upon what kind of tax status will have. Discover with an attorney details or a corporate accountant on the structure of your business. Determine a company name and check with the local governmental entity that handles for registering your business. If the real estate company name is already registered. You must choose another name of your company.
Agents and Brokers
The real estate agents and the brokers are also part of a company. Where they can involve in your company to generate business. Before you can start a real estate company. The first thing you must choose the agents. The agents are also associated with the promoters and builders. If you can run your company. You must find the agents in your areas. Most of the real estate companies have agents and real estate builders. Normally, the land brokers and the real estate agents are connected with many other peoples. So they can run your business with profits.
You can consider at your specific capital point. Such as how the business will be deposited. You must look on how to afford the property management, purchases, expert fees and costs connected with running the company. The real estate agents are associated with your company. Because he/she are doing business with your companies. Some of the real estate agents are investing in this business. They are also to be part of your real estate company.
The real estate company owners to attend functions. Thus make business relationships with real estate brokers and real estate agents. Where your company will run your business. There you can find the best real estate of your business values. You can ask the business developer to the agents and brokers. The promoters and builders are associate with your real estate business.As a company owner, you must know everything about your business. The investment of your business is huge and you need to consult with the agents. They give a proper result for your business. Sometimes the agents are associated with builders and promoters.
Type of Business
Determine what real estate investing the company will be concerned with. The real estate companies may be related in commercial or residential. Normally it is the logical choice to start within a company. You can make purchases single family homes, duplexes and apartment buildings. You can find out what kind of tax and rules significances consist in your place.In case you are in Coimbatore you need to confirm your area to them. If you can make this for your area. Then only you will be doing business in Coimbatore. Some of the companies’ investments include rental income as well as capital appreciation. It is considered for both investment and maximum return.