Categories
Real Estate

2 Real Estate Trends That Might Make Your Commute Obsolete

It’s a phenomenon at least as old as the interstate highway system: people settle in suburbs for a quieter life and lower cost of living outside the city limits, then commute into the city each day for work. While recent years have increased the amount of work, shopping, and even social interaction performed over the internet, the daily commute is still very real for a large number of people.

Will your commute ever become completely obsolete? If you’re hoping it will, take a look at the communities who are making it possible to quit commuting entirely.

Apartment Redevelopments

A pattern seen for many decades, and possibly influenced by the rise in commuting, has been: Urban center falls into decline. Investors, seeing the opportunity, buy dilapidated buildings, fix them up, and increase the property’s value. Urban center is revitalized and sees rapid growth. Steven Taylor Los Angeles, owner of Taylor Equities in Los Angeles, has earned a living through such redevelopment projects.

When an underused apartment space is renovated into an attractive living space, or a commercial space is converted into mixed-use development that includes affordable housing, it recreates a walkable community in the heart of a city. If the resulting community is well planned and includes green spaces, recreational facilities, and the ability to shop and to work within reach of your home, it is possible to never need your car again.

If you are motivated to see the end of your morning commute, consider all that your location (or a location to which you might move) has to offer. Steven Taylor LA believes in work life balance. Instead of letting the demands of your workplace and your neighborhood dictate the way you live, you can make intentional decisions to develop the lifestyle that best supports your goals.

Transit-Oriented Developments

As the commuter trend grew up, transit-oriented developments began to create mini city-centers in suburbs that are connected to larger cities via mass transit. While this phenomenon goes back to at least the 1990s, the rise of telecommuting, online shopping and local delivery is redefining these suburban centers.

In the past, transit-oriented developments may have fallen short of the vision of mixed-use residential and commercial developments where a mix of both commuters and people without cars could live, work, and play. However, the changing nature of work has shifted the mix of people who are now seeking to make a life outside of the city. As transit-oriented developments experience their own period of redevelopment, expect to see a greater demand for walkable spaces, affordable housing, and more neighborhood-centric business in the heart of a transit-connected suburb.

Categories
Real Estate

3 Tips for Prospective Commercial Real Estate Investors

Investing in commercial real estate can be a lucrative but complex venture. The world of commercial property buying is inundated with legal and financial concepts that can be hard to decipher. Nevertheless, experts, such as Paul Daneshrad, can break down these concepts. Here are three tips for prospective commercial real estate investors; these tips will help you better understand the world in which you are entering.

  1. Address Legal Concerns

There are many legal issues that can arise when you invest in commercial real estate. There are also things you can do to tackle them. You can hire a lawyer who can guide you through the process of protecting your purchases. An attorney can also help you examine the legal history of each of your properties so that you can avoid the lawsuits their previous owners were faced with. Consider working with a legal team to separate your assets and investments; doing this will ensure that a lawsuit filed against you will only affect one specific piece of property.

  1. Identify Risk Factors

As with all types of investing, there are risks involved in acquiring commercial properties. It is best for investors to identify and examine all risk factors associated with obtaining a particular commercial estate. One risk factor may be the geographic location. If an investor buys a building situated in an isolated region of the country, he or she must accept that the chance of attracting tenants and maintaining a steady flow of rent may be slim. Another risk factor may be the physical state of the building. If the acquired property is in working condition but is very old, people may be reluctant to rent the space within it.

  1. Calculate Maintenance Costs

Even new and like-new buildings require some level of maintenance. You need to assess how much and what kind of maintenance your properties will need. If you have a small property located in an area that experiences a substantial amount of precipitation, such as rain, snow, and hail, it may require regular roof inspections and repairs. If you have a large property that is difficult to heat and cool, it may require routine HVAC maintenance. Some investors, who spend all their money on buying a piece of property, lack the funds needed to cover annual maintenance costs. Avoid making such a mistake. Calculate and set aside money for maintenance, and keep in mind that poorly maintained buildings depreciate in value over time.

Investing in commercial real estate is no easy task. However, with the right amount of preparation, you can reap the benefits of your hard work.

Categories
Real Estate

The Importance of Sanding Hardwood Modern Floors

Though sanding can be really a laborious procedure, this portion of this partitioning process may be the one which may present your floors which elegant appearance. And even in the event that you wish to sand hardwood flooring, then the occupation does not obviously need to become disagreeable; everything that is essential is sufficient understanding on what steps to take to best to make it right. You’re not alone wondering why you prefer to sand the hardwood flooring when doing this can be this laborious and laborious procedure.

Maybe not merely it may be costly as you’re need to rent or buy exceptional gear for trimming. That was just a great reason sanding hardwood flooring is crucial even though it is somewhat hard, time intensive and costly procedure. Sanding could be the section of the hard-wood repair or restoration procedure which could bring out the observable characteristic of hardwood flooring. Knowledge the way too exactly to sand your own hardwood flooring and appropriate use of the comprehension could result in the attractiveness of this. This wonder is just a blend of wood grain, shade texture and glow.

This really is exactly what helps pull out the wood grain caliber. Additionally, sanding causes simpler hardwood floors, hence raising the comfortable worthiness of this flooring. Be knowledgeable the various tools you’re going to be needing for sanding are still maybe not the customary tools. You’re going to need to buy these applications out of an hardware store or let them by an instrument leasing company to get a couple of times.

Between purchasing and leasing these Modern Floor Sanding gear, proceed together with leasing. It really is not cost efficient to purchase these if you’re simply likely to refinish your hardwood floors every couple of years roughly. The trimming gear you require are:-glue using three or more evaluations (thick, mild along with in-between )-vacuum-cleaner -buffer -ply -edger -masks, gloves, goggles, etc., . Dust defense there’s very good sanding and lousy sanding. It’s critical that until you get started sanding, then you wash out the floor extensively. There shouldn’t be any claws protruding and also a floor needs to ordinarily be even.

First, you want to employ the lightest sand-paper. Be certain that you conduct on the shredder onto to the flooring in strokes. Please be aware this process requires some time and entails devoting plenty of electricity to prepare yourself; differently, you would find yourself a poor spine pain. If the lightest adhesive coating can be utilized, utilize the milder sandpaper onto the hardwood floor. At length, utilize the most ignorant sand-paper. The corners and edges of one’s hardwood floors aren’t simple to achieve areas so that you’re need to sand them with a handheld edger.

Be cautioned that vinyl calls for dirt particles traveling around therefore don’t forget to use protective equipment whilst trimming hardwood flooring. Moreover, close all ports which join the place you are employed in to one additional chambers at your home. The previous thing that you would like would be dust across your home. Make certain the only real port on may be the one whish’s linked towards the beyond one’s residence. Close to the doors at the space where you are trimming and put wet towels or sheets across the doorways to maintain debris away out of bending out.

Categories
Real Estate

India Witnesses A Surge In Foreign Investment In The Real Estate Industry

The past few years have been tough for the real estate sector. Badly affected by the slowdown, the industry witnessed a severe liquidity crisis and a dip in optimism among the developers and homebuyers. However, because of government reforms and the introduction of business-friendly and people-centric policies, the real estate sector is once again picking up pace. This has reinforced the confidence of investors, both foreign and domestic, and leading developers like Asif Balwa of DB Realty in the real estate sector. The last few months have seen massive foreign investment being pumped into the industry.

According to reports, in terms of foreign capital inflow, India stands at the 19th position among 73 countries. In contrast to 2017, capital inflow witnessed a 31 percent increase in 2018 and was around 2.6 billion. The first quarter of 2019 was good from the investment point of view. Reports suggest that during this period, approximately Rs 17,600 crore was invested in the market. As per a data from Cushman & Wakefield, in over a decade this is the highest first-quarter inflows. This was an increase of 7 percent as compared to 2018. In 2018, the investment stood at Rs 16,528 crores.

The huge investment pouring into the real estate industry is because of the sustained efforts made by the government of India to bring the industry back on its feet. To pull the industry out of the slowdown, investor-friendly reforms were initiated. Further, the strong market fundamentals and the positive sentiment among the investors and the developers because of the Real Estate Investment Trust offerings have led to India witnessing a surge in foreign investment. Adding to this is the implementation of a variety of taxes, efforts to curb the menace of black money and the government’s move to give a much-needed push to the affordable housing segment.

Majority of the investments are in the office segment, which is turning out to be a lucrative option for both domestic and foreign investors. The office segment witnessed a 54 percent share of the investment. The hospitality segment was the second best investment option for investors garnering some 27 percent share of the total investment. Many investors are also significantly investing in the logistics space. The revival of the Mumbai real estate industry has been remarkable and this has attracted the attention of investors. The city garnered a share of approximately 30 percent of the total investments. Bengaluru, popularly known as the Silicon Valley of India and an IT hub, came at the second place with around 27 percent of the investment share.

Though the real estate industry is still facing some problems, but the interest of the foreign investors and the pumping in of huge investments are an indication that the sector is witnessing an upward growth. In the long run, more foreign investment flow in the country will help in building a robust infrastructure which will lead to more employment opportunities for people. The increase in foreign investment has also resulted in some of the top developers of the country like Asif Balwa DB Realty launching projects ranging from the affordable to the premium segment.

Categories
Real Estate

5 Reasons Why VR In the Real Estate Industry Is A Must Have

At first, virtual reality in the real estate industry was met with mere hilarity and called a ‘dream’ by many – but since then, a lot has changed and a tonne has evolved – and soon, you’ll be called ‘out of touch’ if you are not using VR in your arsenal of sales and marketing tools at your real estate firm. Here are 5 reasons why.

  • Viewing properties, 24/7, from the comfort of the home

Relaxing on your sofa, VR allows you the opportunity to view properties located anywhere in the world in the click of a mouse button. A completely, fully immersive experience allowing you to walk around the home, visualise what will go where and even plan your decoration plan.

Your customers will be able to visit any particular house or apartment (or in that case, any development) as they would in real life – and that’s a HUGE benefit to people seeking to move to another country and potentially saving thousands on flying back and forth.

  • Creating the sense of ownership

In the real estate industry there’s a saying – if you can provide the prospect buyer with a sense of ownership half the battle has already been won. With virtual reality tour companies such as Voxel Worlds – these guys provide the client with the ability to gain that seamlessly.

Customers will be able to see in absolutely devastatingly good detail every iota of their next purchase – and this instils a feeling of ownership – which has been known to dramatically enhance sales rates.

  • GREAT Construction Management

VR is not only an outstanding presentation and selling tool, but can also be incredibly useful at the stage of a properties design and construction. Plans that are put forward with the use of these new technologies are far clearer and the visualization of different stages of construction improves planning work for whoever is carrying out the contract meaning a more concise build.

  • The prestige

Offering virtual reality as a means of a selling tool is seen as nothing short of class. If you have the ability to fully submerse your clients into prospect developments and existing ones will mean that the client will likely choose your firm over competitors not using VR – it’s just facts – a clear, transparent plan for a client will inevitably lead to better sales and a higher prestige/reputation for your real estate firm in general.

  • Profit!

Finally, the most important aspect, VR is a significantly good investment for long term profits. Companies utilising VR have seen a monumental rise in revenue because of their usage of VR.

After all, who doesn’t want profits to increase whilst making for happier customers?

Many real estate firms use dated sales and marketing tactics, which are becoming more and more futile. In an industry as competitive as real estate people are looking for stand-out selling points and utilising VR will definitely help your real estate firm stick out from the crowd.