Month: May 2019

Has Upswing Begun In Residential Property Prices

It is true that the upswing has begun in residential property prices in India. In fact, the real estate market in India has gone through a downward trend in the immediate past. The market has witnessed a slump. Property prices have gone down. In the metro centres of India like Mumbai, Delhi, Chennai and Calcutta, during the recession period property prices on an average property rates went down by 33 percent. This has adversely affected the real estate industry and several investment companies as well as infrastructural development companies have suffered losses. Many institutional as well as individual investors found it hard to sustain. However, the grip of the slump became less and less severe as the days and months elapsed. Now the industry is back in the saddle and reportedly the upswing in property prices has begun.

Of late, there is an upswing in the residential property prices in India. Across India, in the prime urban locations during the previous quarterly period the property industry has witnessed an average 10 per cent appreciation in property value. As a matter of fact, this growth in property value is not confined to residential property alone. The growth is discernible in the commercial property as well. However, the growth rate in the residential property segment is much more noticeable than that of the commercial, property sector. In the commercial property sector during the corresponding period the value appreciation is below 5 per cent. There is reportedly an unprecedented demand for middle-level income type of residential units. This upswing in the middle-income level residential property is due to the revised pay scale for government employees and a better paying private sector.

Across India there has begun an upswing at the prices of residential property in India . It is reported that in the property market in the major South Indian cities independent residential houses show better value appreciation than apartment units or flats. This may be due to the higher affordability of the corporate sector clientele in Bangalore, Hyderabad and Chennai. In Delhi and Calcutta the residential property sector shows an average 10 per cent growth in the previous quarter and the trend is expected to continue in the remaining part of the year. In the suburban centres in India, the demand for independent floors and villas is on the increase. A major market trend witnessed in the prime locations across India is that the demand for single and double bedroom housing units is on the increase. Market experts are of the view that there is a price increase of about 15 percent during the current fiscal for the middle-income level residential units and the trend is expected to continue inn the coming years.

Building a Home Hiring the Right Company(s)

No one needs to tell you that building a home is a large endeavor. It’s one of life’s greatest, and though it’s a very daunting one, it’s also a lot of fun. Though, if you want it to be more of the latter than the former, you have some very important decisions to make. It all starts with choosing the right company. This can be extraordinarily difficult if you haven’t built a home before. There are some traits that every company should exhibit if they’re going to get the contract, and we’ll point some of them out to you in hopes that you make the right decision.

We’ll also give you some things to think about as you’re getting everything started, as well as things to look out for as the project moves along.

Which Company?

When you’re designing and building a home, you’ll want to choose the company that is easy to work with and has the aptitude to get the job done. Both of these go hand in hand, and neither should be sacrificed for the other. It can be hard to test whether or not they’re easy to work with, but a lot of that has to do with how well they interview. Their work should speak for itself; it’s important that they have a fantastic portfolio that -wows- you. Considering that your home is a place that you’re going to be spending a substantial amount of time in, you have to be thoroughly impressed with their work before you proceed.

These days, companies should also be very versed in energy-efficiency. Not only should they be very knowledgeable when it comes to the Department Of Energy’s standards, but they should also be concerned with things like SEER ratings, ENERGY STAR products, and some of the most proficient techniques for insulation and preventing air leakage.

Architects and Designers

Some people find that it is best to avail the services of an architect, others may not. This is something that you’ll want to determine for yourself. It should be said that there are a lot of plans out there that may be perfectly fine. Be sure that you consult with the winning bidder, as they may have some concerns that will help you frame an opinion. The company may also have some architects that they like to work with. This only heightens the reason why talking to them first is the best idea.

As far as interior design goes, you have the option of bringing in your own or using one that the company has. Interior design is important, and most people find that bringing in their own is a good idea, though you may find that the builder’s company is a bit cheaper, though there is the chance that they’re not as good. But, the builder’s company work better together, and that’s something that you should think about.

Building a home requires many different facets, though if you keep a level-head about it all, you’ll find that it’s one of the most fulfilling things that any person could possibly do.

Tips On Selling Your Investment Property

Lets face it, even if you own a great investment property with $75,000
in equity, that equity wont pay the billsits not in your bank accountbottom line, you cant eat equity. So to realize your profit, you need to sell the real estate.

The following tips could help sell your investment property quickly. 1) Keep the price fair. Sure, you want to make the most it. But unless youre in a rapidly appreciating market, your business is better off if you offer a competitive price. Its always better to make a fast nickel, than a slow dime. 2) Virtual tours – More than two thirds of buyers research potential real estate purchases online now. 3) Landscaping – Creating curb appeal can fetch up to 15% more. Hint: many flower businesses and nurseries offer free advice to help turn a yard into a sensory delight for buyers. 4) Indoor decorations – Add some plants, which reduce air-conditioning costs by up to 25%. Plants also look great and keep the home beautiful, created a caring, lived in feeling. 5) In-ground sprinkler systems – (for upper and middle class neighborhoods only). Again, you’re investing in real estate. While sprinklers are pricey, they help encourage a sale in mid to high end homes, and can
boost your profit considerably, bringing you closer to making money from home. 6) Create more space – By painting walls a pale color, gives the illusion of additional space. 7) Check what’s underfoot – Make sure the floors are like new. You can buy used carpet from model homes but has not been worn. Hint: A rug with horizontal stripes can make a narrow hallway feel
wider. 8) Paint – Youre investing in real estate. Youre investing in yourself. Its the best way to make money from home. So add the odd warm shades such as yellow, red, and orange to the real estate to throw off a cozy feeling. Hint: the aroma of fresh paint gives off a new home feeling. 9) Clean storage spaces thoroughly – Clutters bad. It’s just good business sense. 10) Staging – Create a homely atmosphere by renting furniture and/or hire a decorating professional to do it for you. Staged houses sell more quickly and for a higher price

3 BONUS Tips: Follow the 3-D’s in your real estate business when selling a property: 1. declutter; 2. Depersonalize – remove personal items so buyers can picture themselves in the real estate; 3. Deep clean using a professional cleaning service.

By doing even half of these tips, your chances of selling your investment real estate is far greater and quite possibly, will be more profitable.

by Mary Wozny

Home Plywood Boat Building Stitch And Glue Or Ply On Frame

There are two general modern techniques for building plywood boats at home: the traditional, Ply on Frame construction and the newer Stitch and Glue method. Each has its advantages and disadvantages. Both methods of boat construction are capable of producing very functional, strong, and safe vessels. Which boat construction method a potential boat builder should select, depends as much on the skills, patience, and preferences of the builder as on the desired characteristics of the finished boat.

Lets begin by discussing the traditional ply on frame construction method. It’s done by starting with wooden frames, sometimes called ribs. These are usually straight sided, however some older designs try to incorporate curves in the rib elements, complicating the construction considerably. These frames are positioned using a construction jig, generally oriented so that the hull is built upside down.

Longitudinal frame members are attached into notched slots in the ribs. The first one is a heavy frame element called the keelson that runs down the center of the ribs. To the forward end of this element, the vertical timber that forms the prow of the boat is attached, called the stem.

Two longitudinal frame elements run along the upper edges of the hull, one on each side, called sheer clamps. Two more elements are added the bend of the ribs where the hull bottom transitions to the hull sides. This joint in the hull is called the chine and the frame member installed here is called the chine log. Depending on the size of the hull and the designers philosophy, sometimes, additional longitudinal members may be specified to complete the boat hull framing.

Most often each of these joints are glued and screwed or in somtimes, bolted together. These days, high strength synthetic adhesives, such as epoxy or the new polyurethane adhesives make an excellent for bonded joints because unlike the older natural, casein, or polyvinyl acetate glues, the modern glues will still hold even if the joints arent perfectly matched. They fill gaps better.

Next the plywood planking is leaned against the framework, cut a bit oversized, glued and nailed (or screwed in-place) and trimmed to the edges of the framing. Finally the plywood is finished off with one or more layers of fiberglass, or simply saturated in epoxy to improve strength, abrasion resistance, and water incursion.

Stitch and glue boats, on the other hand are built in an entirely different manner. These boats are built using precisely cut panels that will end up forming the shape of the hull. There is no internal framing, or if there is, it takes the form of bulkheads rather than frame elements. The builder uses either full sized panel drawings supplied by the designer, or lays out the finished shape of the sides and bottom of the hull on the plywood planking. The planking is then cut out. One side may be used as a pattern for the other, because getting both sides precisely the same shape and keeping the bottom very symmetrical are important.

Once the panels are cut out a row of small holes is drilled into adjacent panels close to the edge and either copper wire or nylon tie-wraps are threaded through the holes to stitch the plywood edges together. Then an epoxy mixture thickened with silica or microspheres is puttied into the joint to make a fillet and the joint is taped over with fiberglass tape. The hull is flipped over and similar joints are made on the outside of the hull. Then, if desired, the hull is fiberglassed.

Contrary to first impressions, a stitch and glue boat, if properly designed and built, is just as strong and capable as its framed counterpart. Theyre simply different philosophies in construction. Just as cars and aircraft have changed from framed and covered construction to more modern, unibody in the case of cars, and monocoque in the case of aircraft, construction, so naval architects have been transitioning from framed to stitch and glue construction for light, strong, easy to build boats.

Now that you know how these boats are built, lets talk about what kinds of skills and personality the builder has, in order to select the right kind of boat for him. First lets look at woodworking skills. Do you like to work with wood? Does planing on a nice piece of hardwood bring you joy? Do you like the smell, the feel and derive satisfaction from shaping wood? Dont laugh. This is a serious question. Some people will say, yes, thats me. I love it! Some will say, no, not really. I see it as a means to an end and I just want to get done.

If youre in the first group, loving to work wood, you probably have what it takes to make a framed boat. It requires woodworking and being careful about joint fits. It requires some patience and a sense of pride in your workmanship.

If youre in the second group, you probably should build a stitch and glue boat. They go together much faster with fewer steps. They also require less woodworking knowledge and use of tools. You still have to be able to cut out plywood fairly precisely, but almost everything can be done with simple power tools.

Building a stitch and glue boat is a messier proposition than a ply on frame hull. You have to mix and spread lots of epoxy, usually wearing rubber gloves, If you scratch your nose, youre going to have to spend some unpleasant time with acetone getting the epoxy off too. Working with wood, you just dust yourself off most days. There are adhesives used, but not to the extent of a stitch and glue boat.

When you sand epoxy, you should wear a respirator to prevent epoxy and fiberglass dust from getting into your lungs. Sawdust isnt as damaging to your system, but I still do wear a respirator when sanding large expanses of wood with a power sander.

Well, I hope this has helped you decide which of the two types of hulls to build. I would strongly encourage everyone to build a boat. Its a fun hobby and a great experience. Its also the parent and child project. I cant imagine a better experience for a child than to learn woodworking by helping to build a boat and take it fishing.

Buying A Property In Ghaziabad Why And Why Not

Aptly called ‘Gateway of Uttar Pradesh’, Ghaziabad is one of the well-planned cities of Delhi NCR. Rapid pace development has awarded it with the distinction of world’s second fastest growing city in the world. Situated strategically over National Highway-24, the the city has clearly got the location avenged. At present, a large number of realty projects are under-construction in the stretch connecting Delhi border and Dasna; it has kept Ghaziabad in radar of real estate buyers and sellers. With the proposed widening of NH-24 from 6 to 8 lanes, the traffic-flow would become smoother and hassle-free in the time to come.

Seekers of property in Ghaziabad are gong to get benefited by expansion of Delhi Metro. Currently, it is served by Vaishali and Kaushabi metro stains. With the expansion, the commutation time to and from Delhi will be further reduced. By 2017, the rail line is expected to reach up to one of its prime colonies, Indirapuram.

The 21-km Noida Ghaziabad link road is under-construction. Developed as part of Noida Master Plan 2021, this stretch shall reduce the commutation time from Delhi to just half an hour. This 75-m wide link road has garnered the interest of prospective buyers of Ghaziabad property. A series of constructions are on their way, and it is expected to become one of the high-growth areas of the city. With big metros of Delhi NCR fastly reaching their saturation level, in terms of future constructions, Ghaziabad comes as a fine alternative options. The rates are still reasonable if compared to Delhi and Gurgaon.

But on the downside, there are a number of factors that have balked its full-fledged growth. Poor infrastructure, high rate of lawlessness, and poor amenities are some of the adversaries that need immediate attention. There have been reposts of framers’ agitations against authorities: they are up in arms against the private planned townships that are to built over the land owned by them.

The current residents of Ghaziabad are facing a number of civic amenities problems. Some of the residents living in high-rise buildings have been slapped with abnormally high water bills. In spite of the fact that theses colonies have no supply of Ganga Water, they have been issued lofty bills. Then, there are other problems like sewage blockage and overflow.

A lot needs to be done on pay of government authorities. Till then, the prospective buyers will have to harp only on improving connectivity and afford ability factors.

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

How Do You Become A Commercial Real Estate Insider

Becoming a real estate insider in your specific area of interest is the ultimate position you can achieve in your community. As a real estate insider, you will know the best investments, be able to take advantage of local trends, avoid pitfalls where land values are decreasing, and present yourself as an expert to the people who matter in your business and community.

Having the knowledge and ability to act quickly will increase your opportunities to build wealth, maximize profits from every deal, as well as deliver insurmountable feelings of satisfaction and happiness.

What are some common attributes of the real estate insider you should strive to be?

The real estate insider is completely knowledgeable in his or her area of interest, and literally knows that specific area inside and out. There is nothing occurring in the community regarding this area of interest that the real estate insider is not aware of.

The real estate insider understands real estate and its trends. He or she knows what causes rises and falls in land values and rental prices, as well as how to follow trends and move accordingly to the changes. A real estate insider sees changes coming before they occur, and can move before others, acquiring a first mover advantage, which can be a defining advantage in commercial real estate.

The real estate insider is always aware of the current market values in, not only the specified area of interest, but other areas as well. Knowing other areas of interest can allow you to judge how these different properties may influence the properties that are close to them, or may effect either your current, or future properties under your control.

The real estate insider is self-motivated and self-learning, always taking the initiative to gain more knowledge and increase his or her area of expertise. When you are a true real estate insider, every day there is something to be learned, understood, or acted upon that will yield results.

Now that you have an idea as to what makes up a real estate insider, let’s look at some actions you can take that will place you closer to your goal in a timely and effective manner.

Operating as a real estate insider in your own community lends you many convenient avenues in gathering and sharing information. The number one place you need to be attending is the local government meeting house for zoning and planning meetings, as well as commission meetings. Knowing the governmental action and what is planned for the city will give details of the past, present, and future of a community, regarding properties and their uses. This is the exact information that you need to identify and act on trends that others will not be aware of.

When you attend these meetings, you have three solid objectives.

The first is to observe. As an observer, you want to recognize people’s faces, names, what they do, why they are important, what stances they have on certain issues, and how they might help you. You will also want to observe new submissions for developments, changes in zoning, new restrictions to specific zoning, needs for the community, community concerns that you can address, and many, many other issues that you will want to absorb deeply, and take notes to remind you later.

The second is to introduce yourself and make acquaintances. As you attend more and more meetings, people will begin to recognize you as a concerned member of the community. You must introduce your self to the important people leading and running the city government meetings. It is mandatory that you remember names and faces. You want to introduce yourself with a practiced introduction, and always have business cards ready to deliver.

Eventually, it will be common practice to approach these important people and address certain issues, ask for advice, and generally build a rapport that positions you as an important asset to the community. If ever you have an important conversation, or are given helpful advice, jot it down and send a thank-you note explaining what it was you discussed, how you implemented the advice, and the results you experienced.

Remember, however, that you are the student, and they are the expert. In this situation, you will get most out of these relationships by asking intelligent questions that are related to your area of interest. Always respect both the position and the knowledge of the person you are speaking to, and you will see how far it gets you. You will learn more than you could have ever imagined by building rapport with the city leaders and officials.

After meeting people that can assist your knowledge campaign, schedule meetings with them, and ask who else might be able to help you. When you begin linking contacts and subject matter, an entire web of support is built that will help you in many situations. It is important to always be at your best, ask the right questions, and thank the people for their help and expertise. Without these solid efforts, your ability to make and sustain contacts will wither away.

The third goal is to use the information that you are learning! You could sit in city meetings all day long and never use the information you are gaining! You must always be thinking critically about how you can use this information to strengthen your abilities, and how it can assist you in your next commercial real estate move. Too many times I have seen people go through the motions without any results because of their lack of action. A person who never acts, will never succeed. Don’t let this be you!

In addition to attending zoning and planning meetings, and commission meetings, you must know the zoning codes, their uses and restrictions! It is a huge advantage and downright necessity to know the zoning, use and restriction implications in your city. Remember, zoning can mean very different things in different cities, so be sure you know what C2 is, and what can be put on the property, as well as the difference between Office and Institutional zoning and Heavy Intensity.

Along with understanding all these zoning codes, you must know when it might be feasible to change the zoning of a certain property, and when there is no possible way of making that change happen. Zoning changes can be both labor and cash intensive; so do not begin to fight a battle unless there is a possibility in winning!

Many times, you may identify a better use for the property, or you have heard concerns from local residents about a specific property that you could change and make more accommodating for the city and its residents.

The more you can help the city become a more desired place to work and live, the more support you will be given, and you may even receive some incentives as well. It does absolutely no good to anyone, especially you, if you come as a foe to the city, as opposed to an ally.

As already briefly touched upon, you must know what is going on with all real estate in your sphere of influence, not just your area of interest. You must know what is for sale and what is available for rent, because these things are change identifiers that you must be privy of as a real estate insider.

For example, new vacancies usually indicate higher rent rates. Why did the rent go up? What is changing the demand for higher rental space? Is there a new development going up near it? If you do not know why certain changes are taking place, ask around. You can learn a lot by simply asking those in the area and coming to your own educated conclusions as to why the market is changing.

Generally, real estate trends are identified with the result first, before the effect. Like the previous example, you see the result of rental rates increasing. What caused this increase? You must be a detective and often work backwards in order to find your answer. Commercial real estate often has you thinking in ways that require creativity and insight that may not be cookie cutter ready.

As you continue on your way to being a real estate insider, always have a solid goal as to what it is you want to accomplish and how you are going to position yourself to get there. Use this knowledge that you will be given to strengthen the areas that are weak, and always be looking for the next new information that will make you stronger and wiser. As your abilities and position as a real estate insider grow, so will your ability to identify new opportunities, act on them quickly, and capitalize on your efforts.