Costa Rican House: Privileged Pacific Views
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Silenced on the hilltops of the town of Nosara in Guanacaste, Costa Rica, Charred Timber House absorbs high-level views of the Pacific and a dense green landscape. Designed by Studio Saxe, the 515-square-foot family home has charcoal teak wood exterior and black-framed windows. Two extended horizontal roof planes provide protection against the natural elements, while also promoting connection with nature by forming wide and welcoming terraces. The exterior is inspired by the interior, which is decorated with natural wood and dark, matte materials. Living spaces are open plan and airy, with full focus placed on the special views that are drawn in through floor to ceiling walls made of glass.
The construction of this home was driven by the weight-bearing capabilities of the soil and the seismic conditions of Costa Rica. In response, a lightweight steel structure was pre-cut to be assembled quickly on site. Local tequila has been sustainably sourced and treated by the ancient technique of carburizing and finishing with natural oils.
Divided wide open to the dramatic ocean and mountain panorama, the interior is an intense space. Colorful accent furniture competes for attention in the living room. Multicolored scattered cushions add to the upbeat palette. A modern rocking chair counteracts the brightness with a natural wooden frame and neutral upholstery.
Not only does the high staircase volume add an interesting juxtaposition to the architecture, but it helps air circulation to all parts of the apartment. The construction’s bioclimatic design process considered wind patterns, sun exposure, temperature, and more so that active energy initiatives could be avoided. In this home, the power of the sun is harnessed to heat water with minimal energy consumption, and water is recycled by filters using state-of-the-art treatment plant systems.
Upstairs, bedroom decorations are simple and serene with natural wood furniture, wooden lath wall and ceiling featuring panels, and clear white bed linen. A rustic wooden end of a bed bench merges with the unfinished wooden bed design. Modern white liter units line the sides for storage. Glass table lamps reflect the daylight of huge bedroom windows.
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Costa Rican House: Privileged Pacific Views
- Published in costa rica, home, Home Decor, home design, house, house decoration, house design, house tour, House Tours, swimming pool
Energized Modern Interior: Glass Wall Home Office
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Shiny gold accents, a prominent glass wall home office and a strikingly lit cactus terrarium add a unique character and high energy to this modern interior design. Displayed by morede. studio, this lightweight and spacious apartment design is located in the heart of Moscow, Russia. The contemporary apartment covers an area of 162 square meters, which allows plenty of space for a chic open plan living space and an elegant master bedroom concept. Built-in cabinets keep the edges elegant and streamlined while he provides practical storage solutions. Decoration is unique and attention-grabbing, causing various visual stops throughout the arrangement. Bathrooms are bold, textured and structured to complement the bold coexistence.
As we enter the open plan apartment of this modern apartment in Moscow, we are immediately struck by the chic glass wall home office. The glass volume reflects the light from large living room windows. A modular sofa extends forward, cutting into the edge of an understated gray living room rug. The elegant Sampei floor lamps are designed by Davide Groppi and Enzo Calabrese.
The stunning black and white dining chairs that surround the formal dining table are the elegant ones.Neuss Miss chair. Glamorous golden legs shine from beneath the luxurious marble tabletop.
Against the foot of the black platform bed, an elegant console table builds layers of luxurious white marble. The table design is the Console Thalie by Joris Poggioli.
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Energized Modern Interior: Glass Wall Home Office
Modern Pitched Roof House: Portugal’s West Coast
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With privileged views over the riverbank in Aveiro, Western Portugal, this modern beach house is designed to accommodate a multi-generational family. Children, parents and grandparents can get together in the connected, social living spaces, while also being able to find peaceful solitude in more private rooms. Created by an architectural firm Lopes da Costa Workshop, the house structure is sharp and compact with a sloping roof. Contemporary wood paneling and contrasting white imagery break the solid facade to create a more dynamic finish. Prominent balconies on the first floor are light in effect, with clear glass railings fixed so that the owners can soak in the tranquil panorama.
The modern exterior is sliced open with wide windows that extend from floor to ceiling on the lower two levels of the coastal house. A huge L-shaped courtyard surrounds the property, allowing plenty of space on which to place an outdoor dining area and outdoor lounge. Two outdoor outdoor chairs are arranged on a small sun deck at the edge of the pool for complete relaxation.
The house opens to the south and east to take advantage of the vast coastal view and main sun exposure. Oblique balconies overlook the panorama, where they develop a close relationship with the lower courtyard and the overflowing swimming pool. The window on the other two sides of the building is reduced mostly to slender landscape frames that give the house an appearance of fort-like security.
All social spaces gather on the ground floor of the family home. In the main residence, contemporary gray sofas are lighted with bright sunny yellow scattered cushions. A set of nesting wooden coffee tables makes a simple focus in the center of the tiled floor of the living room. A concrete TV wall adds an industrial essence to the minimalist décor, and a cool framing of a modern fireplace and media niche.
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Modern Pitched Roof House: Portugal’s West Coast
- Published in home, home building, home design, house, house design, house tour, House Tours, Interior Decoration Ideas, International, modern, portugal
Difference Between Buyer’s Market and Seller’s Market
Everyone wants the best deal on a new home, but it’s not always easy. After the COVID-19 pandemic, prospective homeowners found it difficult to answer the question, “Why are houses so expensive nowadays?”.
To save on a new home and avoid spending too much on the mortgage, wise homebuyers try to time their purchases around the buyer’s markets.
When buying a home, it is important to know the difference between the buyer’s markets and the seller’s markets. Let’s find out more with this blog.
What Is A Buying Market?
Buyers ’markets occur when more homes are sold than buyers are available. It means that more homes are listed for sale than there are buyers. A buyer’s market often refers to the state of a market where there is relatively more inventory than demand.
Lower home prices are an indicator of a buyer’s market. A seller’s home will often sell around the list price or even less in the buyer’s market. You can’t raise your asking price much without getting buyers to look at comparable homes offered by other vendors in your neighborhood.
Due to the volume of competition, sellers are at a disadvantage. Many sellers decide to accept a lower selling price instead of waiting for the right buyer to come.
Apparently longer than average time on the market is another sign of the buyer’s market. It’s probably a buyer’s marketplace if the counters aren’t replaced by sold-out signs as you drive through your neighborhood. There is little chance of seeing a bidding war on a house on the market. With so many homes available, buyers are unlikely to spend more than the asking price.
What is a Vendor Market?
During the seller’s market, the number of buyers cancels out the number of available homes on the market or when there are more buyers than available homes. A single property often attracts multiple buyers, resulting in a bidding war. Selling your home in the seller’s marketplace can be a great choice because you can get a higher selling price than your list price, or at least more than your lowest price (the lowest price you’re willing to accept for your home).
Be aware of the seller’s advantage when you buy a home in the seller’s market. The advantage of getting a lower sale price on a property that other buyers are interested in is unlikely if other buyers are also interested.
An offer made by a competing buyer could cost you the opportunity to purchase the property. The seller’s market is sometimes referred to as a tenant market because sometimes prospective buyers have to keep renting until they can raise their down payment and compete with other buyers.
The market for Buyers or Sellers? Find Out With These 4 Tips
The market of a buyer or seller can be determined without being an expert in real estate. The easiest way to tell is usually by looking at current and recently sold listings.
The buyer’s market has the following characteristics
- Home sales are slowing
- The homes are sold for less than the list price
- The domestic price index is declining
- There are many homes available for sale
The seller’s market has the following characteristics
- Houses are selling fast
- The home sells at or above the list price
- The price of homes is rising
- There are not many homes for sale
Some Tips for Buyers
When there is limited housing and many buyers are interested, time is of the essence.
- The seller’s market is a great time to act fast if you find your dream home. Those who are hesitant about a house they want to buy may find that it is no longer available until the time they are ready to negotiate. Getting pre-approved for a loan before you need it will secure financing.
- Make sure you know you’re at a disadvantage before you bid. There is no need to press for specific closing dates, concessions or contingencies in the vendor market. Make sure you focus on what is important to you. Make sure you think twice about the terms you want to be written into the contract. Make a full cash offer, if possible. Because cash buyers do not have to deal with financial problems, sellers prefer them.
- Having patience is key when you continue to lose the homes you are interested in. Don’t be discouraged if you continue to lose homes you are interested in. Frustrated buyers end up suffering in the seller market. Many inexperienced bidders engage in supply wars to get the home they want, even if the home is not worth much. That’s not a good idea.
- If you are tired of losing, you may end up making an offer for a home that you would not normally be interested in. Property ownership is an investment and often a 30-year commitment. Don’t get sucked into a cheap house. You’d better wait until the market cools down before you start your home search.
Some Tips for Sellers
To increase interest in your property in the seller’s market, you will need to compete with other sellers.
- Before you market or display your property, make sure your home is clean and organized and in good condition.
- The price of a home tends to rise in the seller’s market, but the price of your home is still relatively helpful. You are more likely to attract buyers if you lower your asking price slightly below the fair market value. It is common for sellers to list their homes slightly below their estimated value to encourage bidding wars.
- Examine offers carefully: In a seller’s market, it is even more important to consider offers carefully. In their search for the highest bid, sellers often ignore the financial strength of the buyer. If buyers say they will pay a certain amount, that doesn’t automatically mean they can get the money. The appraised value of your home cannot be financed beyond that.
- Your last resort should be to accept an unrealistic offer and then have to resell your home when the deal hits. Buyers will have more power during a negotiation when your house is on the market longer.
- Make sure that every buyer who requires financing is pre-approved for a loan. When buyers receive pre-approval, their credit and finance are checked, ensuring that they can get a loan for a specific amount. The prerequisite, however, is only an estimate of a buyer’s finances.
- Observe contingencies: Also be aware of offers that include contingencies. In the event that certain conditions are not met, buyers may withdraw from sales contracts, including mortgage contingencies, home sales contingencies, appraisal contingencies and inspection contingencies.
Summary
Knowing where the market stands is helpful when buying or selling property. There is less competition for buyers in the buyer’s market when there are many homes available. On the other hand, a seller wants to list his house during the seller’s market when there are fewer properties for sale and a high number of interested buyers.
It is still important to hire a property, regardless of the market conditions in your area. A real estate agent can put you ahead of your competition, regardless of market conditions.
Choosing the right time to buy a home can be a major challenge. In the seller’s marketplace, you will notice that homes disappear almost immediately after being listed. To avoid losing what could be your dream home, you should be pre-approved as soon as possible instead of waiting until the last minute.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architecture and Interior Design.
Difference Between Buyer’s Market and Seller’s Market
- Published in International, Investment, property, Real Estate, Real Estate Guide, sellers
NOCs Needed for Project Approval in CDA Jurisdiction
The NOCs ensure timely approval of layout and construction plans, issuing necessary NOCs from relevant departments and agencies, and completing allied formalities.
In this regard, Feeta.pk presents a comprehensive list of all necessary NOCs – published by the Capital Development Authority (CDA) for the approval of projects in the jurisdiction of CDA in Islamabad.
1. Possession Document
‘Border Certificate’ or ‘Shajra’s axis –
Specified map is edited by the ‘Patwari ‘ or ‘Tehsildar ‘ so that the property / project owners give a clear picture of the actual land owned.
“Letter of Assignment” or “Fard” –
A document indicating proof of ownership of a property, primarily necessary for the registration of the property.
Letter or Certificate of Unloading –
A required document is used as a sign of free title or ownership.
2. Pre-Plan Permission (PPP)
A letter reached by CDA’s planning wing seeks to establish whether the scale and nature of proposed development would be acceptable to the local planning authority.
3. Approved Layout Plan
The approval obtained by the Architectural Directorate, CDA at the Front Office, One Window Operation, CDA, the layout of a building or structure shows the plan of its foundation on the ground surface according to its drawings.
4. Letter of Approval from Design Board (DVC)
Design examination is the process of thoroughly exploring an arrangement plan before deciding to go ahead with a project.
The Design Control Commission discusses requests for approval of building designs. The Committee approves designs or sometimes delays them due to technical deficiencies.
5. Letter of Approved Construction Plans –
The building permit consists of the construction plan and the layout approval for the construction of the building. Its approval letter can be obtained from Architecture Directorate, CDA at the Front Office, One Window Operation, CDA.
6. Approved Construction Plans Controlled by Competent Authority –
A construction plan is a scaled diagram of a room or building viewed from above. Its approval can be obtained from Architecture Directorate, CDA at the Front Office, One Window Operation, CDA.
7. Third Party Verification Certificates –
Mechanical, Electrical and Plumbing Certificate (MEP) –
Relates to the mechanical, electrical, and plumbing aspects of building design and construction.
Certificate of Control in Structural Design –
A building permit application may be accompanied by a design certificate confirming that the building structure complies with the requirements of building regulations.
A Certificate in Fire Safety and Risk Management that ensures that a building has a developed culture of fire safety and effective firefighting can be implemented.
8. Access Approval
In construction on major CDA avenues and riding roads, an access road approval must be taken by the Authority.
9. Approved letter from National Highway Authority (NHA)
In construction on GT road, a letter of approval must be taken from the National Highway Authority.
10. Certificate of height
An altitude clearance certificate is obtained to protect unobstructed zones around airports and the airspace required for air navigation. The certificate can be obtained from the Civil Aviation Authority.
11. Utility Connection Approvals
Sui Northern Gas Pipeline Approval Letter (SNGPL)
Islamabad Electric Supply Company (IESCO) Approves Letter
Water Supply System approval letter
12. Approval letter from Fire Fighting System
Fire Prevention and Life-Saving Rules have been developed to ensure compliance so that fire explosions are prevented.
13. NOCs / Environmental Approval of Pakistan Environmental Protection Agency (EPA)
The primary goal of the environmental assessment process – acquired by the Pakistan Environment Protection Agency (Pak-EPA) – is to provide advocates and decision makers and members of the public with an understanding of the potential environmental impacts of the proposed action. The approval can be
14. Construction Final Certificate
Construction Final Certificate is proof that the construction work has been carried out in accordance with the rules and regulations of the citizen authority. The Building Completion Certificate can be obtained from CDA.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
NOCs Needed for Project Approval in CDA Jurisdiction
Powerful Interior Designs With Stone Feature Walls & Furniture
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Powerful rock face walls and stone furniture create this exciting collection of inspiring home interiors. We have included a selection of home designs that explore different depths of stone texture to create fabulous feature walls. From shallow canals to magnificent mountain slopes, there is something here to impress every wish and desire. We also threw in a bunch of heroic pieces to impress the stone aesthetic without bringing it to the walls, like a unique stone kitchen island, and one-of-a-kind bathroom designs with stone sanitary ware. Many of these dwellings are built right into the natural rock face, which goes like vaulted ceilings over wide open, amazing dwellings.
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Powerful Interior Designs With Stone Feature Walls & Furniture
- Published in Designs by Style, home, home design, interior, Interior Design, interiors, International, modern, stone, wall art, wall decor
Fresh Ideas For Muted Orange And Green Decor
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The orange and green color combo is exciting and bold, but not everyone likes a strong decorative palette. This collection of five modern home interiors shows how to incorporate the contrasting color combination without it becoming distracting loud or overwhelming. These inspiring home designs are dominated by muted tones. Orange hues tend to be soft apricot and brown hue tones, while green hues are fresh and mint, warm olive green, or brought in naturally by houseplants. We will be looking at ideas for orange and green lounges that use color as a zoning technique, modern bathrooms, colorful master bedrooms, fun green children’s rooms, as well as mood boards and floor plans along the way.
The mezzanine bedroom is atmospherically lit by an Akari 1A floor lamp by Isamu Noguchi. The floor lamp in a dream illuminates framed artwork that serves as a picturesque landscape view.
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Fresh Ideas For Muted Orange And Green Decor
- Published in decor, Decoration, green, home, Home Decor, house, house decoration, interior, Interior Decoration Ideas, Interior Design, interiors, International, orange
Special Stone & Wood Interiors With Bags Of Style
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Luxurious stone decorative elements and an attractive wooden tone come together to create these three special home designs that exude a high-end style. The first of these three quiet interior designs is a creamy decoration that is elevated by green garden views. Curved furniture silhouettes smooth out the home layout, while black accents boldly interrupt its peaceful color palette. The next home we tour is full of stunning white marble moments and custom wood storage, which also serves as a chic wall panel. Finally, we visit an atmospheric apartment that was designed for a large family and their servants. Comfortable accommodation welcomes the family to enjoy quality time with each other.
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Special Stone & Wood Interiors With Bags Of Style
- Published in Designs by Style, interesting designs, interior, Interior Design, interiors, International, stone, wood, wood interior
Year in Review: Panama Real Estate Roars Back
The COVID pandemic continued to plague the global economy in early 2021, providing challenges and opportunities in Panama real estate. As markets began to reopen, sales and rents in Panama increased as buyers saw the country’s established market as a safe haven in turbulent times.
As the year draws to a close, let’s take a step back and highlight the big news of 2021.
The American Alternative.
With home prices rising in the U.S., investors were looking for property investments that could provide real growth in the coming years. Panama was once again seen as a great alternative, providing stability, a dollar economy and high-quality properties below their market value and replacement cost.
The Rise of Crypt.
Cryptocurrencies have begun to play a role in sales as more owners have expressed a willingness to accept bitcoin and other forms of crypto. It is no longer a theoretical concept, it is clear that crypto will play a more important role in the future. The government is also investigating legislation that would make cryptocurrency an accepted currency and create a regulatory framework for transactions.
Ocean Reef thrives.
This was the year when the man-made islands in the Gulf of Panama took their place among the most successful in the world. Sales were on fire, with Beach Club Residences, Seascape, Almar, Waterfront 21, and Casa del Mar joining the list of sold-out developments. Construction has also advanced on the key infrastructure, with Panama City’s marina and the largest water sports club opening for business.
Rental Bounce.
Vacancy rates jumped and rates slipped at the height of the pandemic. That all changed in 2021. PPR’s property management department has seen occupancy rates rise to more than 95% and rental rates have steadily increased. There was a clear flight to quality, as apartments in upper buildings attracted competition. During the year, PPR’s property management department added 75 units under management as more investors turned to our trusted professional team to take care of their investment property.
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Declining Stock.
The pandemic has promoted the cancellation or postponement of an unprecedented number of developments. In 2021, there were almost no new projects launched and banks were reluctant to finance new construction loans. As a result, there was an increase in sales and absorption of unsold developer inventory, plus resale apartments that were long on the market ultimately sold. The decline in supply will have a profound impact on the market – and prices – going forward.
Wholesale Sales Soar.
Investors have increasingly focused on already rented condominium portfolios in the buildings with the highest rental demand, such as Ocean Club in Punta Pacifica, Yoo Panama on Avenida Balboa, and the Regent in Costa del Este. Investors usually bought packages of 5 to 15 units of rented apartments in these popular buildings, generating cash flow from day one. These wholesale buyers focused on buildings with unique amenities and high demand from multinational executives.
Main Developments Near End.
Construction has continued on some of the most widely anticipated developments in Panama City. The list includes the Wanders & Yoo downtown, the La Maison de Fendi Casa in Santa Maria, and the Beach Club Residences on Ocean Reef. In many cases, buyers who have purchased units at pre-construction prices are about to realize significant increases when the buildings are finished and relocations begin.
New Visa Rules.
Panama has established a new “Golden Visa” rule providing a way to housing for property buyers, a huge advantage in the international market. The visa was a big step forward and was one of the most discussed topics among PPR clients. The government has also implemented a new “digital nomadic” visa making it easier for remote workers to set up operations in Panama. Both policies have strengthened Panama’s image as one of the most welcoming countries in the world for international real estate buyers.
All these trends of 2021 should cross into the new year. If anything, they are likely to grow as the pandemic continues to fade and markets return to normal. With all these factors in place – and the economy expected to grow significantly – next year is set to be one of the best in the history of the Panama market.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real estate.
Year in Review: Panama Real Estate Roars Back
Red Laterite Stone Shines in South Indian Home
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Replacing one existing house and warehouse, this large family home was made to complement the tropical lifestyle of Kerala, India. Created by The Design Room, the architecture comprehensively retains the native trees of the 600 square meter site, and encloses several of them within a central courtyard design. The built-up spaces separate from this outdoor heart of the home, which achieves a comfortable connection. The open plan layout was guided by the region’s humid climatic conditions. The benefits of cross ventilation, passive cooling and natural lighting have satisfied the vision for an energy-efficient home. Outside, the vegetation contrasts sharply with the visual warmth of a rich red laterite stone.
The attractive three-storey house structure has a clear modern façade of contrasting red stone and pure white imagery. Established plants harden around the edges of the plot, growing abundant borders. Built-in planters pull a splash of natural greenery up at the front entrance door, and onto the first-floor terrace of the home.
The materials for the construction were carefully selected due to their local availability and their thermal effects. Laterite, an iron-rich soil and a rock formation formed in tropical areas, was widely used in construction. Historically used in monument construction, this time Kannur brick laterite bricks are used correctly as a replacement for exterior cladding.
A minimalist interior design completes the airy openness of the floor. Wooden furniture and window frames complement the natural greenery both inside and outside the home. The soft upholstery is light and creamy to adhere to a peaceful palette of polished white floors and white painted walls. The design shows detailed attention to the efficient circulation of air throughout the house, using lath fords and open bookcases to create lightweight zoning.
The sun-stained courtyard has round decorated areas that interconnect with circular plant beds. The plant beds are dotted around to contain huge trees that were already established on the site when it was purchased. In fact, the idea for the big yard stemmed specifically from the notion of wanting to protect the many adult trees at the core of the plot.
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Red Laterite Stone Shines in South Indian Home
- Published in courtyard, home, home building, Home Decor, home design, house, house design, house tour, House Tours, India, interesting designs, interior, Interior Design, interiors, International
14 Red Flags to Avoid When Buying Investment Properties
If you want to diversify your Investment Properties, real estate is a great choice. The benefits of investing in real estate can be significant. However, it is important to make sure that you are buying the right one, as your chosen investment property can either make or break your success.
So, whether you’re a new real estate investor or an industry veteran, it’s essential to be mindful of anything that can cause you problems in the long run. To make a well-informed choice, you can get help from professionals or remember the following red flags:
1. Bad Smells
Mold is not the only factor that could contribute to bad odors within some investment properties. A rotten egg odor can indicate a serious problem with your source system.
If you smell gas, you can call the local gas company to inspect the property’s pipes for leaks. Even the smell of a dead rat should raise a red flag, as that means there is a possibility of a pest infestation, which is great not for investment properties.
2. Fundamental Topics
Another red flag to avoid when buying your first investment property is fundamental things. Remember that you should not miss inspecting the crawl space or the basement of any property.
Fallen walls, cracks in the foundation, or water leaks in the basement are some of the things that are expensive to repair. So, it is best to check for such issues before signing the agreement.
3. Questionable History Of The Property
Any history of extensive repairs is a warning sign for investors, as they can be costly after they need to be repaired in the future. If the seller’s disclosed package does not provide enough details on the subject, it is wise to ask for real estate for further details.
When investing in any property, you may want to know about its surroundings and former residents. Several buyers will take less of the property if it was the site of an incident or crime.
You should also check the market history of the property. It can be a red flag if it sits on the market for a long time. There’s a reason why it hasn’t been sold yet, and as an investor, you should know the real reason behind it before you finalize your decision.
Also, do not buy a property with a history of multiple homeownership expenses. It is because there may be a problem with the property that its previous homeowners decided to sell it. To find out more about the cost of homeownership, check online or get help from professionals.
4. Faulty Electrical System
Dangerously wired electrical systems should be taken seriously, no matter how ready you are to invest in a property, as it may not only pose a detrimental threat to your property but also to you. Therefore, be sure to test the electrical capacity of the property before you agree to purchase it.
Connecting several devices at once should give you an idea of the ability of the investment property to produce energy safely. To thoroughly examine the electrical system, a professional electrical technician can assist you.
5. Structural Problems
Even if it is difficult to spot the structural problems of an investment property, there are some signs that you can check. Look for any cracks in the masonry or plaster as they could be a sign of something serious.
For example, cracks above the windows or doors could indicate failed sills or some structural problems that could be costly to repair in the future. Some signs of structural problems include uneven floors, sloping walls, and roof leaks.
6. Cosmetic Corrections
Quick fixes can make things better than they seem. However, they can be a sign that you will not be able to get what you pay for.
For example, if you see a freshly painted wall, it may be a sign that the previous homeowners are hiding something. Most often, a freshly painted wall or ceiling could mean that there was water damage or mold problems.
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A nice, set interior can also distract you from the problematic exterior. Therefore, if you don’t want to deal with the hassle, take care of the cosmetic corrections of the property.
7. Locked Doors
If there are locked doors on your preferred investment property, never agree to buy it unless the owner gives you access. Maybe it’s something the owners don’t want you to discover or see. In some cases, it’s as innocent as the owners don’t want you to see their valuables or stockpiles. However, other owners could hide the damage.
Buying real estate should never be a gamble. That’s why you need to make sure you have all the information before you agree to sign the contract.
8. No Licenses For Work Done
It is recommended to review the 3R report of the property, it provides information on the work done by the owners to improve the property. For example, if the seller claims to add a new cover, it should be in the report. If it is not, there is a chance that the deck was built against the code and may be insecure.
Although there are aspects where permission is not required, such as changing windows or redoing a roof, it is still important to check the permits for major electrical and structural work. That way you will know whether or not the work has been done correctly and in accordance with the law.
9. Bad Plan
Various project problems can make it difficult to rent a property. For example, if you have a three-bedroom farm, but one of the bedrooms is very small, it may be a disengagement for your potential tenants who are expecting full-size rooms.
Small bathrooms or kitchens can be another problem. Few closets in a home can drive away potential tenants. Although a bad floor plan is not often terrible, it can still limit the property’s income potential.
10. Listing Photos And Descriptions That Don’t Match Reality
Creative photography can quickly disguise problems you never knew existed until you stepped into the house. Make sure you always take a personal walk before bidding to see the condition of the property, especially with your first few properties.
It would be more skeptical if the list has no photos or was limited and missing external photos. Remember that just because the outside of the home looks tidy doesn’t mean the inside is in good shape.
11. Seller Is Intimate About The Sale
If you come across a salesperson who seems to be afraid that you will not make a good offer or that you will withdraw from the sale, this is an indication that you are dealing with a major problem. It doubles for anyone who is secretive about the parts of the property covering the walls with heavy curtains or denying you access to separate areas. There may be damage from fire or water that they are trying to hide.
The best thing you can do to examine the property thoroughly is to hire an inspector. They can help you negotiate the price down based on what you find out from the inspection results.
12. Amateur Work
Another huge red flag to avoid is amateur work. If an unlicensed contractor worked on the property and did not know what they were doing, the result could be detrimental and unstable. Additionally, if they have been working on electrical or plumbing, it can result in insurance and safety issues.
Keep in mind that poor plumbing and electrical work can result in problems such as fires or pipes, causing more damage to the property. So, if you notice amateur labor in your favorite investment property, better proceed with your other options to save your time and money.
13. Sale Price Seems Too Low Or High For The Area
If the price seems too good to be true, it probably is. If the property is cheap for the area, there is probably something wrong with it. There are no incentives to sell properties below market value unless there is a big reason behind it. On the other hand, if you are dealing with overpriced properties, you may have a homeowner who has a biased perception of their property.
To find out if the property is less expensive or overpriced, consider hiring real estate professionals to get the prices of similar homes in the area.
14. Bad School District Or Neighborhood
An unpleasant neighborhood is another red flag to avoid when buying investment properties. Note that you can change almost everything about the properties by renovating them, but you will never have the opportunity to change the location.
If the property is located in a location with an undesirable school district or a high crime rate, you may find it difficult to attract potential buyers. The same can be said if the property has location-specific problems or is located in a flood zone. To avoid problems with location, it may be best to do your research in advance.
Tips For Choosing The Best Investment Properties
Regardless of the reason why you are buying investment properties, it is always a good idea to invest in the best possible properties available in the market. This will not only help you enjoy more profits in the future but will also help you reap the rewards of your hard earned money.
If you want to choose the best investment properties, here are the tips to consider:
Choose The Place Carefully
When looking for an investment property, keep in mind that the value you can get from your investment will depend on how desirable your chosen property looks to your potential tenants. Basically, location is the key.
People tend to look for housing close to work to avoid the hassle of commuting, which means that real estate close to the cities is in demand. While some prefer properties near school districts and other establishments convenient for their lifestyle. So, try to look for investment properties near the city.
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If you don’t know how to start your hunt for investment properties, check online or work with experts who can provide you with options on the best places to consider for your investment. With this, you will be able to find the right deal for your investment purposes and enjoy more profits in the future.
Avoid Extracurricular Properties
Often, extraterrestrial features are built simultaneously by the same developer and have similar or identical designs. Because they are very similar, they are much cheaper to build. It means they are cheap to buy. However, they may seem like an advantage, but only in rare circumstances.
By nature, extraterrestrial properties lack scarcity. They are usually put together and tend to go to market at similar times after the construction is done or the rentals expire. Given this, it can be a challenge to take advantage of the amenities and location that the property offers. In addition, it will not be easy to attract tenants due to the high competition from the landlords.
Take Time To Explore The Area
Before making any investment property, make sure you understand the neighborhood. It is especially essential if you are considering buying property in a place with which you are unfamiliar.
Explore the area’s real estate market, such as rental rates, average rent, and home sales details. Find out if there are major development plans in the works, including large office buildings, factories, new apartments or commercial complexes.
New construction can affect the value of the investment, and it’s best to research ahead of time rather than discover a bad surprise before you recoup your investment. The planning office of the council will provide you with details of upcoming projects, and you may want to spend more time researching other sources as well.
Enveloping
Real estate is definitely a key component for any investor who wants a diversified portfolio. However, you should keep in mind that not all investment properties are good. While some are profitable, others are money-making.
To be a successful real estate investor, be sure to remember the red flags mentioned above when buying investment properties. This way you will be able to choose the best investment property that will provide you with the best value for investment.
Stay tuned to Feeta Blog to learn more about Pakistan Real estate.
14 Red Flags to Avoid When Buying Investment Properties
5 Common Masters Insurance Tips and How to Avoid Them
As an investment property owner, you should also know the most common homeowners Insurance Tips when renting or renting property. As these are the most frequently cited reasons for insurance claims by owners, they also relate to the most common causes of damage to wolf property. They give an idea of what dangers pose the most common risk to property investments.
Whether you choose to pay in advance for repairs for damage to your rental property or you pay insurance premiums, you are required to pay expenses anyway. It is best to know more about these dangers and risks so that you can take steps to avoid them. Here are some of the most common causes and reasons for landlord insurance claims. Suggestions on how to minimize or avoid them are also given.
1. General Responsibility
General liability coverage is one of the areas covered by homeowners insurance. General liability is triggered when, for example, a tenant, guest or visitor is damaged or injured on the leased or leased property. The most common events that result in a general compensation claim are slips, trips and falls.
If a person slips due to a pile of ice or snow on your property and breaks a few bones, an owner will most likely reimburse the hospital and medical expenses. General liability can help pay for some of the injured person’s medical expenses and hospital bills.
If you would like to avoid or at least minimize these kinds of incidents and claims, you should take the time to remove any hazards on your property on a regular basis. Examples of hazards include slippery wet surfaces, large tree trunks or branches obstructing paths, or rusting handrails and iron bars protruding into common areas or footpaths.
2. Loss Of Income
Loss of rental income is among the main reasons invoked or used in claims by insurance owners. Observers from the insurance industry say there have been years when it has covered more than half of the claims of insurance holders. This happens when you have lost tenants or when you have had difficulty finding new tenants.
You can avoid losing tenants or having unoccupied rental properties by making sure your rentals are always in good condition and safe. You should check your properties from time to time to eliminate or mitigate the risk of possible damage.
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Other common causes of loss are economic recessions and financial crises. Unemployment is inevitable during these times, and this can lead to people losing their homes or relocating to cheaper alternatives.
3. Water Damage
Another common ground for claiming rental insurance is coverage for water damage.
Plumbing is mostly hidden under concrete. Most of what you see are joints under sinks and toilets. When there is a faulty plumbing in your property, it can continue to leak under the concrete and you wouldn’t even notice it. You will only begin to notice it as small mounds or cracks on the concrete slabs. Even when the tap is closed in the bathroom, drops of water may seem to escape between tiles. This can eventually lead to mold or further damage.
Have a plumber inspect your property’s water pipes periodically to avoid water problems. You must also include terms and conditions of the tenant’s liability if the water damage is due to his negligence or negligence.
4. Damage From Hurricanes And Storms
Many of the southern and solar states are vulnerable to hurricanes and storms. Some states, such as Louisiana and Texas, have experienced severe flooding in recent years. Florida has always been hit by hurricanes and storms. Even Ohio and Kentucky were hit by devastating tornadoes.
These natural disasters and disasters can cause severe damage to properties. While some extreme weather disruptions and strong hurricanes can cause unavoidable damage, there are ways you can minimize them.
You can check your gutters, downspout and gutters before a big hurricane to make sure they are all good and untidy. This can help the free flow of rainwater on your roof and minimize the damage to it. The average cost to install a new roof will cost you another $ 18,800. Taking these steps can save you a lot of money.
5. Damage Caused by Fire
In addition to the common causes of damage invoked in landlord insurance claims, another type of claim is for fire damage.
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There are things inside a home that can ignite a fire and even destroy your rental property to the ground. Some of these are electrical malfunctions and malfunctions of home appliances. Candles left burning near combustible or highly flammable materials can also burn your property. Everything owned by the owner within a property will be covered by owner insurance, but not the personal property of tenants. The building itself should be covered by construction insurance separately.
Conclusion
As a wolf owner, know and understand the most common hazards and risks to your property. If you can minimize or avoid the risk of damage to your property, this will also reduce the out-of-pocket expenses you have to pay for the repairs. If you already require insurance coverage, this would tend to raise your premiums during renewal because you now have a high-risk profile.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
5 Common Masters Insurance Tips and How to Avoid Them
- Published in insurance, International, Real Estate, Real Estate Investments
6 Ways to Add Value to Your Property Investment
There are many reasons why people invest in real estate. While some are doing it to diversify their investment portfolio, others are taking this direction to earn tax rebates. But in general, more and more people are diving into property investment because they want to make a profit from their capital.
If you want to maximize your investment property, you need to put in the time and effort to increase its value over time. Your property should be worth more than you bought it to make a profit. The higher the value you can add to your property investment, the more money you can earn from it once you decide to resell it or turn it into a rental property.
Here are six stupid ways to add value to your property investment:
1. Add Architectural Details
Your property will be more valuable in the market if it offers unique features. This is especially true if these features make the property more unique and interesting.
One of the best ways to add value to your property investment is to add architectural details that are both attractive and functional. For example, you can invest in stamped concrete in your driveway or concrete retaining walls. These concrete projects can be customized using different spots and designs, allowing your property to stand out from the neighborhood.
2. Add Some Extra Features
The general public will already have expectations about what to expect in residential or commercial property. You can impress them and increase the value of your property while adding additional features.
For example, you can invest in Altitude Mechanical Home Heating services or hire contractors to install a brand new HVAC system (heating, ventilation, air conditioning) on your property. These updates will certainly bring convenience to buyers and tenants of real estate and significantly improve their daily life.
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3. Transform The Bathroom
Undoubtedly, the bathroom is one of the most important areas of any property. This is where residents will start and end their days, and how it looks can make or break their mood throughout the day.
Remodeling your bathroom is a great way to increase the value of your property. With the various upgrades, you can make to your bathroom, you can easily choose one (or two) that suits your budget. For example, if you have a cheap budget, you can paint the bathrooms a different color to breathe new life into the space. If you are ready and willing to spend more, you can install new plumbing fixtures or invest in energy-efficient appliances.
4. Update The Kitchen
Gone are the days when kitchens were only used for cooking and preparing meals. Today kitchens are considered the heart of the home because here people share meals with friends and family and hold meetings.
If you want to add more value to your property investment, upgrade your kitchen immediately. Tons of kitchen renovations add value to any property. You can replace top cabinets with an open shelf, repaint the kitchen island, or upgrade to stainless steel appliances. You can also enhance it by adding a backsplash and investing in durable and visibly appealing materials on the tablet.
5. Improve Your Border Appeal
The exterior of your property is very visible, and how it looks can create an impression. It will be challenging for you to attract buyers and tenants if your property looks untidy and disorganized from the outside.
To increase the value of your property investment and impress as many people as possible, improve your curving appeal. This usually means tidying up your garden, clearing sidewalks and sidewalks, and making sure your front door looks aesthetically pleasing. You can also invest in landscape lighting to show off your outdoors, even at night.
6. Add Security
Increasing the value of your property investment is easy — you just need to put yourself in the shoes of buyers or tenants and think about what you want your property to have. In addition to making sure that the property you live in is attractive and functional, you will probably want it to offer security.
Your property investment will certainly gain more value if it offers multiple security features. When you add door and window sensors, motion sensors and wireless security cameras, more people will be interested in buying or living on your property. When there is a high demand for your property, its value will immediately increase. This is especially true if very few properties in the area have these security features.
Pay attention to your target audience
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With the number of things you can do to add value to your property investment, it is best to consider your target audience to narrow down your options. Making changes in your property investment based on their needs and desires will ensure that you can find buyers or tenants quickly. In turn, this will allow you to earn more profits quickly.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
6 Ways to Add Value to Your Property Investment
- Published in International, Investment, investment property, Investment Tips, Investments, Real Estate Investments
Advantages And Disadvantages Of Financing Investment Property With Private Mortgages
Renting real estate can be very lucrative, and it is the kind of passive income that can give you a massive return on investment. And for those who want to invest, turn to mortgage lenders to secure the property. But those who are new to this type of business may want to weigh their choices first on financing and where to get it. Is it better with banks or private lenders? Here are the pros and cons of these lenders.
Benefits Of A Private Mortgage
1. Faster Approval
Waiting for loan approval can take time depending on the type of lender, but a private mortgage can free up cash loans faster than banks. The latter requires documents and various processes that are tedious and time-consuming. Some application processes take so much time due to the amount of the loan and the paperwork. The application can be approved in just a few hours if you speak with a Certified Mortgage Broker – private mortgage as soon as possible if you have a timeline to save.
2. Opportunity for lower rates
Private mortgage lenders also apply to family members or relatives to whom you can turn for money. Specific immediate family members may have the financial capacity to assist you. If they trust you enough, you can get a lower interest rate in private institutions. But keep in mind that IRS rules still apply when rates are kept lower. It has to comply with the Applied Federal Tariff (AFR), or you can pay more taxes. Anyone with a large amount of cash can choose to lend their money and earn more by lending it privately to someone they trust.
3. Great Choice for Fixer-Uppers
Private mortgages have shorter payment periods, but those who change properties will not be bothered by the limited time. They also may not qualify for traditional lenders because homes that need major renovations are rejected by lenders even if you have a good credit report.
The reason for this is that it may take more money to fix. Vacant homes are likely to have broken windows, vandalized walls and plumbing that need major work. A private lender may want to take a chance on financing repairs that you can sell or rent.
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Disadvantages Of Private Mortgage
1. Short Term Payment Plans
If you are planning to take out a private mortgage loan, you need to plan how you can repay it. Traditional lenders have longer payment periods. Meanwhile, private lenders can give you time to repay what you owe for up to three years. Standard payment terms of banks and other institutions have plans for 15 years and 30 years.
That’s why when you decide on a private mortgage, you need to find out how much interest you will have to pay each month. Since you only get a few years to repay the loan, the amount will definitely be more outstanding along with interest. Make sure you can work within your budget. You also choose to get a mortgage-locked rate that will help prevent the rates from rising.
2. Risk of Vacancy
When you expect larger payments and a shorter payment period, you might want to weigh it against the possibility of extended vacancies. The property may remain vacant for a long time. If you have no other income, you will pay its mortgage, insurance, taxes, and maintenance expenses.
Make a calculation and assume that the property will be vacant for a month. Find out if the ROI is acceptable to you if the property will not make money for a while. Make adjustments to calculations if the property remains vacant for more than a month. You would save yourself some trouble the sooner you find out if the loan is worth it or not.
3. Requires Higher Credit Scores
Whether you are buying a home for personal or investment purposes, the private mortgage lender often requires high credit scores. High credit scores prove your ability to repay what you owe. Private lenders need you to have a good record with a score between 500 and higher.
Also, consider the fact that lenders have raised the minimum credit scores due to the economic pressure caused by the pandemic. If you need information, you can look at a number of mortgage lenders and compare interest rates and quotes to determine how much you can repay if you continue with the loan.
In Conclusion
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Funding coming from private mortgage lenders has both advantages and disadvantages. You may find that you can get faster approvals, even for those who need major renovations. But you will also be dealing with short payment periods and the possibility that you will not make money as soon as you want. Before applying for a loan, it is best to do your research first.
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Advantages And Disadvantages Of Financing Investment Property With Private Mortgages
5 Ways to Be a Better Owner
Being a landlord is not just about collecting rent and avoiding damage to your property. Sure, these things are important – but with the right approach, you can build lasting relationships with tenants who trust and like you.
Why worry if tenants like you? Well, you entrust them with the day-to-day care of your property, and they have a lot of opportunities to damage it in creative ways, so you want to stay on their good side. More than that, you want them to be good tenants – pay their rent on time and take good care of the property. To get good tenants, you have to be a good landlord. Here’s how.
1. Take Tenant Care Concerns Seriously
Most tenants will not call the landlord for anything unless they feel there is no other way to deal with the situation, so you should take any complaint or concern seriously. You can’t always do anything to address your tenants ’concerns – for example, you can’t ask people in the unit above your tenants to stop walking at 3:00 am unless they’re also your tenants. You can’t get the old lady who owns the house next to your rental unit to take off her ugly lawn moths. But you can mediate disputes between your own tenants, deal with concerns about the property itself, or make exceptions for tenants in unusual circumstances.
2. Respect Tenant Privacy
In many states, you have to give 24 to 48 hours notice before you can enter your tenant’s home outside an emergency situation. Even if you live in a state without such notice period, or your tenants agree to waive it, you should still respect tenants’ privacy. Just because you can to pass unannounced does not mean you should fall unannounced.
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Tenants want privacy in their homes, so try to give prudent notice before entering the unit unless there is an emergency. You do not need to access the property while the tenant lives there unless repairs are required or if you suspect that the tenant has caused damage. You can evict a good tenant from a nice property by being too name.
3. Be A Little More Understandable
Things are happening. If you have tenants long enough, you will have some who will lose their jobs, or experience death in the family, or have a relative who needs someplace to stay for a few weeks. If they need a few extra days to pay rent or need to let someone stay with them a little longer than the rental technically allows, try to be understanding, especially if they were a good tenant otherwise. They will remind you that you are a little relaxed when you want them to renew their rent or pay a little more rent each month.
4. Make Repairs on time
Tenants only want to live in a well-kept home, and they are allowed to do so. Do not try to avoid repairs. Tenants are much more likely to give up rent if they can trust you to perform maintenance and repairs on time. After all, no one wants to live with a broken heater or leaking pipe for weeks.
If your tenant needs an emergency repair, do it right away. In the case of non-emergency repair or routine maintenance, notify the tenant that you intend to inspect the damage, or simply go ahead and set up an appointment with a contractor. Your property will do better if repairs are also done on time. Once you have several properties, you can use HOA and property management accounting software to manage care requests when they come.
5. Know Your Obligations and the Rights of Your Tenants Under the Law
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Check your state’s landlord-tenant laws to ensure that you perform your duties and respect the rights of your tenant. Your state’s landlord-tenant law governs such matters as the use of security deposits, when and how often you can access the property, when and how to evict a tenant, and what you can do with abandoned property in the unit. Laws may change, so try to stay current.
If you want to attract great tenants who will stay on your property for years, take care of it as if it were their own, and always pay their rent on time, you have to be the best landlord you can be. If you are cheerful, fix things right away, and are willing to relax a little good tenants when they need it, you may find yourself developing a relationship with your tenants that goes beyond business and into friendship.
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5 Ways to Be a Better Owner
- Published in International, landlord, Real Estate, Real Estate Guide, Real Estate Investments
4 Things To Do Before You Invest In Vacant Land
It is common for aspiring investors to overlook the opportunities offered by investing in real estate, especially when it comes to vacant lots. For many, it is typical to value vacant land at face value ignoring the benefits it could offer. These benefits include formulated cash flow, income returns, tax benefits, and investment diversification opportunities. If done strategically, investing in real estate can be a great way to build wealth.
In addition, vacant land is a tangible asset that offers owners more investment security at relatively lower costs compared to developed land. Due to its affordability, buying vacant land gives the investor an opportunity to enter the real estate market using limited capital. Some investors maximize their investment by developing vacant land on their own, while others appreciate the value of the land as it is and sell it at a lucrative price later.
Another reason why investors miss the opportunity to invest in vacant lots is due to a lack of information. Many feel hesitant because they are worried that they do not have enough knowledge or skills when it comes to real estate. Fortunately, there are many professionals like real estate brokers, surveyors, and property managers who can guide first-time owners in selecting, acquiring and managing property.
If you are thinking of making a profitable investment by buying vacant land, here are a few things to consider to get started.
1. Set Goals
Setting goals before making any important decisions or investments is essential. In addition to knowing where to invest, it can also give you an idea of how you can maximize your investment. Your goals could also help you determine if you are choosing the right property to best complement your investment portfolio. For example, if your goal is to invest some of your money in more passive investments, then buying vacant land is an ideal choice for you.
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Having clear investment goals will also help you put things in perspective and make a long-term plan on how you will acquire, develop and manage the property in the long run. This way you can know if buying a particular property will keep you aligned with your investment goals and make adjustments where necessary. This is also a great way to protect and maximize the money you have invested so that your time and resources are not wasted.
2. Research
Doing research is key to being well-informed about your investment. Here are some common factors to consider when looking for vacant land that would make a profitable investment:
In addition to the geographical location of the earth, you will also need to consider the neighborhood in which it is located and the environment surrounding it. For example, your goal is to find a piece of land that would be suitable as a residential area. Then, it may be ideal to have it in a safe and secure neighborhood.
In addition to this, it can also be useful to know if the area is prone to accidents and natural disasters such as flooding, landslides, proximity to fault lines, and so on. This factor could affect the cost of the property due to the care it may require, and there may also be limitations when it comes to developing it.
Knowing the ideal size of the vacant lot you would like to buy could also help you narrow down your search. Considering your goal for the investment, you can identify how much space would be needed and how you can maximize it. Its size can also help you determine how much maintenance it would require.
This is another key factor in seeking free land. When it comes to determining its accessibility, it would depend on how you intend to use the property. For example, if you want to build rental apartments in vacant space, then it should be close to shopping malls and establishments where it would be ideal for employees to reside.
3. Know The Costs
In addition to the actual cost of the property, you will also need to consider the property taxes, government certificates, maintenance, utilities, insurance fees, and other expenses you may need to cover as an owner. This way you can estimate how much you are willing to invest and whether the profit is worth the overall price.
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4. Survey Sites
Once you’ve made a short list of the properties you’d like to invest in, it’s essential to be able to explore each location so that you have a clear idea of what each one will look like and whether the descriptions are accurate. At this stage, you can also ask friends or advisors for their input to help you decide before acquiring the property.
Conclusion
Investing in vacant land could be both a profitable and fulfilling experience for all kinds of investors as long as you can choose one that best suits your preferences and investment profile. As with all other investments, however, it is important to know the potential risks and difficulties of acquiring property so that you can prepare for them when they occur. It is important to be informed and up to date so that you can protect and maximize your investment.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate.
4 Things To Do Before You Invest In Vacant Land
- Published in International, land, Real Estate Guide, Real Estate Investments, vacant land
Luxurious Dream Home Overlooking Mykonos Sea
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It takes a certain amount of confidence to call a property “Elysium”, the mythological Greek idea of an immortal paradise. One step inside this vast mansion on the island of Mykonos and there is no doubt that such confidence – and such a title – is guaranteed. This spacious mansion covers 700 square meters (7500 square feet) on a 4000 square meter (43,000 square feet) property and includes nine bedrooms and ten bathrooms. In addition to unparalleled views of the crystal blue ocean, Elysium has two private swimming pools, a helipad, a gym and an iPad-powered home control system.
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Luxurious Dream Home Overlooking Mykonos Sea
- Published in greece, home, home building, house tour, House Tours, Interior Design, International, Luxury
Vacation Rental Ownership: Pros and Cons
Owning a vacation rental is a great investment decision. However, like other big decisions, there will be downsides, especially if you don’t plan well. You just have to be more discriminating with the help you render toward other people. Making up a list of pros and cons helps you make a good decision. Investments should not be driven by peer pressure but rather by facts. You need to be sure that there is a higher chance of winning than losing when you put your money into something.
Here are some advantages and disadvantages of owning a vacation rental that you should be aware of:
Benefits of owning a vacation rental property
It earns you an extra income
One of the significant benefits of owning a vacation rental is additional income. Extra income is a big plus, especially if you want to achieve financial success. Also, you will have something to fall for if you lose your main job. On the same note, if you want a break from daily work, owning a vacation rental property could be your first step towards achieving this long-term goal. However, be careful when setting your nightly rates, do not overload or underload. Look at the popular rental listings for an idea of prices in your area.
Increase in property value
When you buy a property, the hope is that the value will increase and you will appreciate it, which will help you a lot when it comes time to sell. Every year the value should increase, especially if you are buying in a high demand area. Before deciding on the best vacation rental to buy, check out the past and current market trends to understand what the future holds in terms of property value.
Tax deductions
Holiday rental property is a business just like any other. If you pay taxes based on the income you make from the property, then you can also deduct all business expenses you incurred. Deductions can be payments made to property management companies, repossession, or even management. However, don’t forget to keep the receipts, or you could get into hot water if ever revised.
Applying for a business credit card to pay for business expenses makes it easier for you to provide records when you file your taxes. You can also deduct your insurance, property taxes and mortgage interest. A tax professional can do a better job of helping you advance this. Use an auditor if you are unsure how to proceed because tax fraud is a serious matter, even if it was done incorrectly.
You never have to pay for accommodation during a holiday
Getting away from your daily life is sometimes a great thing. It allows you to disconnect and restore so that when you return you can be more productive. However, one of the reasons why most people do not vacation is the high housing costs. With your vacation rental, you never have to worry about that. Go during the off-season so you don’t miss out on rental income during the peak season.
You can also let your friends and family stay there for a holiday for free, half price or full price. It’s all up to you.
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Various management options
Managing holiday rental property is not easy, especially for first-timers. However, there are management services available that you can take advantage of to make your job easier. You can focus on more important things like marketing the property or even scouting for the next investment property allowing a property management company to do all the time-consuming duties.
In addition, it removes the pressure from the equation, especially for first-time vacation rental owners. You can even buy property overseas and make sure the administration is safe because local professionals will take care of your property. You will not have to travel back and forth all the time to check the rental property.
Easy to find guests
There are several websites where you can list vacation rentals to find guests easily. You don’t even have to market it. After the first guest leaves a positive review, you’ll see people piling up the property, and your job will be easier. You have to work hard to get that first review, and the rest is easy. You can also select the dates you want to rent the property and block dates for you, family or friends to visit the home. If you’re worried about not finding guests, it’s time you dumped that thought. While the property is up to standard and in a popular place, you can be sure that they will come.
You learn about real estate investing
There’s so much you can do in real estate besides buying a holiday rental property. However, you will learn to practice faster than read about other people’s experiences. The best part is that you learn by enjoying the benefits of being a vacation rental owner. You can then expand your business and earn more when you have learned the ropes.
Disadvantages of owning holiday rentals
Unexpected expenses
Unexpected expenses are not a surprise in a holiday rental, as well as at the main residence. Whatever doesn’t work or needs a replacement is your responsibility. Expenses such as utilities, regular maintenance taxes and resupply can be expected. However, huge expenses like burst pipes or a broken air conditioner have considerable costs to replace or repair, and they may catch you off guard. You need to set aside a certain amount each year to provide unexpected maintenance and repairs. You can rate it at 1% of the total purchase price of the property.
High down payment
Primary housing may require only a 3-5% down payment. However, this will not be the case when you are buying a holiday rental property. While you may not plan to live there, lenders will charge a 20-30% down payment, which can be difficult to cough up. On the same note, the requirements for your credit score will be much higher as you take on more debt.
More fees and taxes
Some taxes you may have to pay include property taxes, local and state taxes. Depending on the tax laws in your area, you may require a business license as well as a hotel and sales tax.
In terms of fees, you’ll need to pay a backup fee for the websites you use to market your home. Looking back at what you spent on taxes and fees for the holiday rental, you may be shocked at how high the figure is. Most likely, the biggest fee you pay is property management. For short term rentals, this can be anywhere between 15% and 30% of the gross rent. So, you have to control these expenses and ask yourself if you are making losses or gaining anything by renting the property. If you do not control your expenses, you may notice that you are taking care of the property at a loss.
Maintenance is time consuming
Owning a vacation rental property is not as easy as posting it online and cashing the checks. You need to perform regular care and repairs and respond to the needs of the guests.
When the vacation rental property is not in the same area as your main residence, it will be a great hassle to manage it if you are not hiring property management services. It takes a lot of time and money to travel back and forth to run a business. On the same note, you’ll have to deal with marketing if you don’t have someone to help you. Responding to reviews and questions in a timely manner is essential to staying relevant, not forgetting to update the availability calendar and nightly rate.
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It is made easier with reliable property management services. However, after you get several vacation rental properties, it is highly recommended that you get property management services for a better result unless this becomes your main job.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
Vacation Rental Ownership: Pros and Cons
Breathtaking Villa That Opens Its Windows To New Zealand’s Serene Landscape
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Large and luxurious, Waiora is a sustainable development set on a plot that boasts stunning views over Lake Wakatipu in Queenstown, New Zealand. The luxurious villa design has massive windows that welcome in the stunning mountain panorama, and fill the interior with natural light. Upon completion in 2023, the home layout includes four large bedroom sets, a spacious open plan living space with dining, kitchen and lounges, and a huge deck that soaks up the serenity of the surrounding landscape. Here is a focus on wellness, with an infrared sauna, an infinity pool and a home gym for daily exercise. An environmental room and an enviable wine cellar promote relaxation and play.
The kitchen cabinets contrast sharply with the rest of the lightweight living room, creating a dramatic effect. Four kitchen stools line the edge of a massive kitchen island, interrupting its dark finish with moments of light wood tone. Modern linear hanging light draws brightly along the entire length of the dining island, fully illuminating its vast counter.
Beautiful Queenstown is a destination for adventure and action. Among the exciting scenery are world-famous vineyards, golf courses, walking and hiking trails, horseback riding and scenic bike trails. Shopping, shopping, and great food and wine are a local treat. River floating, jet boating, canyoning, bungy jumping, skydiving and skiing from winter to spring will excite the wild at heart.
The modern home exterior looks out over 13,000 square feet of land at the front of the development, where it gets completely unobstructed views. An integrated solar system and Tesla Power wall wiring the home for an environmentally responsible lifestyle. Intelligent home technology and underfloor heating offer optimum comfort and convenience to enhance daily life.
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Breathtaking Villa That Opens Its Windows To New Zealand’s Serene Landscape
- Published in International, landscape, Luxury, new zealand, villa
South African Home: Views of Sky, Mountain, and City
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Beautiful views of Table Mountain, vast blue sky and the glittering city give this fabulous modern home its distinctive essence. Created by an architectural firm SAOTA, the luxury family home is located on Signal Hill, Cape Town, below Lion’s Head. This stunning place has formed a home design with lots of windows to take in the majestic panorama. An inverted pyramidal roof creates a clear window around the upper level, capturing additional views that would have been forgotten. Sights of the sun, a silver moon and bright stars paint a peaceful connection with nature. Living rooms are placed on the top floor to take advantage of the perspective, while bedrooms, workshops, gym and cinema make up the rest of three levels.
A home library encompasses an airy home workspace on the second floor of the home. A library ladder provides access to the top shelves of the packed book stacks. Planal Dining Table focuses on a picturesque courtyard. The large table provides the family with a spacious community work surface, which can double as a comfortable place for family play nights.
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South African Home: Views of Sky, Mountain, and City
Extravagant Interiors: Elegance from Stunning Boiserie
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These six luxurious neoclassical interiors lavishly exude elegance of extravagant ceiling roses and stunning woodwork. The decorative design elements form a layered background that sets a luxurious scene for gloriously decorative furniture, huge eye-catching chandeliers and high-end material palettes of marble, natural wood, plus rich gold and brass accents. As we tour this set of fabulous woodwork-kissed homes, we will also discover inspiration for stunning high-ceilinged lounges, unique kitchens, grand dining rooms, enviable bedrooms and chic bathroom concepts. The pendulum swings between spaces steeped in classic contours and homes refreshed by more contemporary ideas, meeting desires for all tastes and inclinations.
On our first outstanding home tour, we arrive at a luxurious lounge with grand double doors that are covered in deeply decorative molding. Traditional ornamentation adorns the perimeter of the room, along with a fabulously decorated chronology. In the center of the space, the stylish pendulum swings into the more contemporary realm of modern furniture and a fashionable living room rustic coffee table.
The living room furniture layout is strictly in the contemporary sphere, with a linear modern sofa design and Groovy M chairs designed by Pierre Paulin for Artifort.
The Monolith project is a 105-square-meter apartment located in Lviv, Ukraine. Slender wood paneling exaggerates the height of the spacious living room. Set of Formakami hangers by Jaime Hayón for & Tradition use the high ceiling.
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Extravagant Interiors: Elegance from Stunning Boiserie
- Published in decor, Decoration, home, Home Decor, home design, interior, Interior Decoration Ideas, Interior Design, interiors, International, Luxury, neoclassical
Soothing Beige & Wood Interior With Industrial Accents
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Soothing shades of beige and natural wood tone are mixed to create a light and modestly luxurious apartment in this edgy light-filled apartment interior. Created by Tomkin design, the 77-square-foot home looks relaxed and inviting with its simple color palette and uncomplicated contemporary furniture styles. The lightweight and laconic design gets a cool shake in the form of industrial elements, such as exposed concrete ceilings, a unique stainless steel accented kitchen design, and two steel paneled bathroom concepts. The rest of the apartment design is sleek and serene with fresh white interludes, built-in custom storage units, trendy runway-shaped silhouettes and sleek modern lighting fixtures.
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Soothing Beige & Wood Interior With Industrial Accents
Christmas Decor: Putting You in the Season’s Mood
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There are so many things to appreciate and enjoy about the holiday season. Of course, time with loved ones is the most important thing, but that time can be even more memorable with the right surroundings. Putting on Christmas decorations is one of the best ways to get into the holiday spirit. When you’re surrounded by the glow of beautiful lights, soft, comfortable fabrics and the fresh smell of a Christmas tree, it’s almost impossible not to feel that special glow of the season. In this post, explore some really beautiful and modern inspiration for your own family’s seasonal celebration.
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Christmas Decor: Putting You in the Season’s Mood
- Published in #architecture, #interior design, christmas, Decoration, furniture, homes, house, house decoration, house design, houses, interesting designs, interior, Interior Design, interiors, International, modern
Modern Indian House With A Beautiful Indoor Pond
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A slow, nature-kissed serenity flows through this modern Indian house design, which was created by the talent at an architectural firm. Developing Radical Aesthetics. From the outside, the modern home is trimmed with mature palms and established plant beds that frame the fresh white image of asymmetrical architecture. Inside the house, a bold staircase design dominates a wide entrance that leads into open and airy lounges. The simple yet elegant accommodations pause at bright courtyards that provide a blissful breeze. One sun-stained courtyard has a beautiful koi fish pond that provides vibrant color, life and quiet entertainment to family members of all ages.
As we approach our prominent home from the main street, White-painted boundary walls complete the clear white depiction of sharp asymmetrical architecture that cuts into the clear blue sky. Ripe palm trees soften the sloping silhouette of the house before the gradient of the roof guides the eye down into established plant beds.
The decoration inside the dining room is simple and minimalist, light and understated, so as not to detract from the neighboring koi pond. A contemporary wooden tone and a dull black buffet embrace a cool planked concrete wall. Two modern dining room lights drop satin silver accents over the modern dining set.
The koi pond also makes the most amazing and quiet addition to bedrooms. Here, an elegant bedroom chair pulls up to the patio doors to appreciate the special view. Floral blankets connect with the relationship to nature, along with natural wooden deck design and a vase of greenery. A small night light emits a warm and calm glow.
A small garden area was planted upstairs so that every room in the home would benefit from a tangible connection with the outdoors. A loose swing offers an inviting place to look at the view and move the hours away. An outdoor chair and table are set at a tactile distance from the plants for a more enveloping garden moment.
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Modern Indian House With A Beautiful Indoor Pond
- Published in #architecture, #interior design, bedroom design, Bedroom Designs, courtyard, decor, Decoration, decorations, Design, dream house, Featured, furniture, Furniture Design, home, Home Decor, homes, house, house decoration, house design, House Tours, houses, India, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern
A High-Ceiling Home with Bold Pops of Color
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A neutral color palette is usually the safest choice when it comes to clean, modern design. But in the right hands, neutral tones can serve as a simple foundation from which the designer can make big bold jumps. In this home, whites and whites triggered large bursts of burgundy red, deep blue, and even black. Without the reassuring neutrals, these bolder choices might appear to be too loud or blurry, but here, a balance is struck and the result is complex with a pop of playfulness.
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A High-Ceiling Home with Bold Pops of Color
- Published in #architecture, #style, color, dark, decor, Decoration, decorations, decorative objects, Design, Design Gallery, furniture, Furniture Design, home, Home Decor, house decoration, house design, house tour, House Tours, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern
Soft Upholstery, Stone And Gold Interior
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A beautiful home does not need to ignore the comfort of its inhabitants. One of the best ways to create a comfortable and welcoming space is to include lots of soft, luxurious textures with the use of upholstery. The two homes featured in this poster use a contrast of textures between polished stone, gold, large windows, and beds and sofas upholstered in soft, inviting fabrics. The designs that result from such contrasts are elegant and welcome, really asking guests to be comfortable and stay for a while.
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Soft Upholstery, Stone And Gold Interior
Two Homes that Utilize Lush Blue Accents
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There is no single color palette that makes a home beautiful, welcoming or elegant. However, there is no denying that the right shade of blue can make a room feel just a little calmer. Bringing together the context of water, nature and life, blue is easy to integrate into almost any type of decor. In these two homes, blue is used as a beautiful accent while neutral tones and other colors work to bring out the blue and create a harmonious feeling for the whole home.
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Two Homes that Utilize Lush Blue Accents
- Published in blue, home, Home Decor, home design, house, house decoration, house design, House Tours, interior, Interior Decoration Ideas, Interior Design, interiors, International
Small and Large Concrete Interiors
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We show two ends of the size scale for industrial-style concrete-themed interiors here. Our first is a particularly large two-story home with three double bedrooms to boast, and some colorful accent colors to brighten up the mood. The other is a much smaller home with a one-story studio apartment layout and is nuanced with a more muted color palette. Both of these strong interior designs feature a crude gray concrete decoration extending through their walls and ceilings. Unshielded ducts and electrical wires strip the crude chambers. In contrast, the furniture is high-end with smooth edges and smooth finishes. Modern art and plants bring personality and life.
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Small and Large Concrete Interiors
- Published in concrete, Designs by Style, interior, Interior Decoration Ideas, Interior Design, interiors, International
Silver City Housing Scheme Rawalpindi: Location, Prices & Booking
Introduction
The residents of the Twin Cities are looking forward to the development of the Silver City Housing Project. It is now a unique investment opportunity for all those looking to benefit from their investment in an approved housing project. It is a safe investment due to its legal status and environmental status.
Silver City Location
It is ideally located on Girja Road, which serves as a link between the housing society and the rest of the city. It is only 19 minutes away from Srinagar Highway and it is very accessible from Islamabad International Airport as it is only a 15-minute drive away.
It is also at a convenient distance from GT Road and M-2 Highway. It is because of its location that it is anticipated in the business community of the Twin Cities.
Nearby Landmarks
There are many landmarks near this housing society and this makes it a unique place to invest. The main landmarks are:
- Thalian Wojnodo
- M1 and M2 motorway
- Islamabad International Airport
- Srinagar Highway
Silver City Accessibility
It is very accessible from all the main points in Islamabad. As it is only 19 minutes away from one of Islamabad’s major highways, the Srinagar Highway, it gives access to every major part of the city.
People can easily get to this apartment using local transportation or their vehicles because it is in close proximity. Accessibility is one of the main highlights of Silver City Rawalpindi.
Nearby Residential Societies
Silver City is not the housing company in the area and there are other housing projects as well that compete with it. The most important housing projects that are under development are:
These major housing projects make Silver City a unique proposition because people are mostly driven by nearby landmarks. As it is surrounded by huge housing projects, it creates a sense of confidence in the investors that their money is safe.
Silver City Developers
Laraib Associate & Developers (PVT) Ltd. and SAREMCO Group is responsible for the development of Silver City Rawalpindi. They have previously been involved in real estate and have delivered 100% results to their consumers. It is one of the reasons that this housing project will also be successful, as these developers are working on their projects quite extensively.
Silver City Development Status
The work is in progress in this place and the investors can physically visit the place for their assurance. Its evolutionary progress shows the interest of the developers in its real estate development. This project will be up and running soon, as development progress is on par with Blue World City and Capital Smart City.
Silver City NOC
Rawalpindi Development Authority (RDA) has legally cleared this land. It adds to the value of the property because people will have confidence when investing in this project. Investors should not worry about the legality of this project because RDA has issued a NOC for this project.
Silver City Features and Pleasures
Silver City Rawalpindi has a long list of modern amenities and facilities that make it a complete package for everyone who is looking forward to investing in this project. The list of these facilities is:
- 24/7 Security with active surveillance by guards
- Eco-Friendly Environment
- Inbound Community and crossings at entry and exit
- Medical Facilities
- Educational Institutes
- Playgrounds and parks
- Underground wiring
- 24/7 Availability of utilities
Silver City Master Plan
Silver City is a 21st century wonder and they are modernizing the living standards in Pakistan. This housing project consists of all the modern amenities and facilities that are the requirement of this day and age. People are given several options to choose from because there are different plot sizes available in 3 different blocks.
Follow the official Silver City map:
Residential houses
The following are the residential plot sizes available in Silver City Islamabad:
- 4 Marla
- 5 Marla
- 7 Marla
- 10 Marla
- 1 Channel
Business Plots
Here are the commercial plot sizes available in Silver City:
Plot Prices
The prices of this housing project are one of the most affordable in the region. Even after the approval of the GDR, the prices are well affordable by the middle class. Prices start at 20 lakhs and the reserve starts at 2.80 lakhs. There are 42 installments and a total of 4 years. This housing project aimed to provide value for money to all its investors and a reasonable profit in the end.
Backup Details
It’s very easy to book a plot inside Silver City Rawalpindi. Some requirements must be met for application. Here are the requirements for booking land in Silver City Rawalpindi:
- Complete booking form
- CNIC copies of the candidate are required
- Advance or Payment order in the name of “Silver City”
- Management may allow Cash Payments as well
- Once all the documents have been sent, make sure you get the receipt
Conclusion
Silver City Rawalpindi is a huge opportunity for anyone who wants to invest in a reasonable range. It is reasonably priced to target the middle class who are looking forward to owning property. It has become difficult to own property in this economy and if there is an opportunity like Silver City Rawalpindi, one should take advantage of it. It will provide huge returns in the future as the price goes up.
RDA has given a green signal for its development, which is already in progress. This legal support from the relevant authorities should strengthen the confidence of investors. Silver City Rawalpindi is among the most advanced housing projects and it is priced according to the lowest spectrum to facilitate investors.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Silver City Housing Scheme Rawalpindi: Location, Prices & Booking
- Published in Housing Schemes, Rawalpindi Housing Schemes, Real Estate, real estate business, Real Estate Guide, real estate investing, real estate investment, Real Estate Investments, real estate market, real estate marketing, Real Estate News, Silver City Rawalpindi Booking Procedure, Silver City Rawalpindi Loction, Silver City Rawalpindi Map, Silver City Rawalpindi NOC from RDA, Silver City Rawalpindi Plot Prices
Fresh Grey and White Interiors With Creative Vibes
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Gray and white decoration form fresh feeling interiors that live under scattered elements of warmth and interest. So how do we include exactly the right hint of color and creativity into a modern neutral background without completely overpowering a cool minimalist aesthetic? These two inviting contemporary home designs present several ways to introduce some life into the peaceful palette, from examples of modern art to understated but enhancing personal collections. We will also see how the raw concrete industrial aesthetics can become part of a warm and attractive interior with the right partnerships of furniture, soft furniture and high-end home accessories.
And fox statuette crawls across one of two floating bookshelves that were mounted at a base unit height. The books add a glorious multicolored stripe to the serene decorative palette.
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Fresh Grey and White Interiors With Creative Vibes
- Published in grey, home, interior, Interior Decoration Ideas, Interior Design, interiors, International, white
White Marble Home Interiors With Classical Elements
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Attractive white marble walls and matching marble furniture build an unmistakable air of luxury within these two enchanting home interiors. Classic paneling, traditional fireplaces and heavy draperies contribute to the pompous look. The combination of intricately luxurious decorations is freshly balanced with some simpler modern elements, in the form of contemporary kitchens and minimalist silhouettes. The first of our two outstanding home designs benefits from a rich green accent hue that has an edifying effect on the bright open plan living space and open plan master ensuita. The second home design is kept neutral with a hint of warmth in its clean, toned white layout.
Two modular sofa pieces are arranged around a square marble coffee table with a reflective mirror base. The modular sofa design gives opportunities to sit in a straight line of sight with the living room TV, turn around to look out of the living room window or face into the neighboring kitchen to chat with the cook.
In the marble kitchen, clear white modern cabinets make a clean, contemporary statement. The minimalist aesthetics of the kitchen units serve to counterbalance the more decorative elements of the interior. A modern line chandelier falls over a breakfast bar, where modern kitchen stools add black accents.
A large dining room chandelier dominates the formal dining room, which is conveniently located next to the kitchen. The wide cluster of white glass globes descends onto a white marble round dining table and warm white upholstered dining chairs. The black frames of the dining chairs coordinate sharply with the black kitchen appliances and the black window frames of the apartment.
Next to the window, an elegant bedroom chair and a matching ottoman make a comfortable bedroom a reading pad. The swivel chair is the Large Butterfly Chair designed by Naoto Fukasawa for B&B Italia.
In the powder room, the white decoration is dotted with solid black accents. A linear black wall lamp is mounted together with a matching runner-shaped mirror and a modern matte black wash unit. Beneath the black basin, a white paneled molded base gives a small nod to the paneling that appears in the other rooms of the apartment.
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White Marble Home Interiors With Classical Elements
- Published in Designs by Style, home, house, interior, Interior Decoration Ideas, Interior Design, interiors, International, marble, white
Tasteful Integration of Hammocks: Indoors and Outdoors
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Hammocks and hanging chairs add an element of fun to a space, creating a relaxed holiday atmosphere that lasts all year round. Hammocks come in many styles to tie in with your existing decor as well, from moody black woven designs to colorful glitter, from chic and minimal to a beautiful boho statement, it’s something to suit all tastes. Here, we look at hammocks in their many forms and how they can be implemented to enhance indoor and outdoor areas. Whether you’re planning to swing away in your home library, kick back in your living room, add to your relaxed bedroom atmosphere or create the backyard of your dreams, this gallery is for you.
In a bedroom, you already have a comfortable place to lie down. So instead, swap out that formal bedroom chair with a relaxed boho-style hammock chair.
Cocoon hanging chairs offer a colorful choice with plenty of shade.
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Tasteful Integration of Hammocks: Indoors and Outdoors
- Published in decor, Designs by Style, exterior, furniture, interior, Interior Decoration Ideas, Interior Design, interiors, International, Lounge Chairs
Luxe Home Interiors With Staple Accent Colours
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Glossy white marble, gold appliances and upscale furniture all come together to instill a sense of enviable luxury in these large apartments, bedrooms and chic bathrooms. What sets each home design apart, however, is one solid base color that is used to create coherence between the open plan living areas, from scattered cushions in lavish living rooms to upholstered dining chairs and luxurious bedroom accessories. The colorful elements work to enrich the intricacies of the interiors, which include special characteristic stone walls, textured plaster, mirror glass, classic molding and opulent upholstery. Magnificent modern chandeliers create a magical glow in every area, brightly illuminating the custom look.
A second living room area is furnished with soft gray tufted sofas, where they form a symmetrical arrangement on either side of a spectacular marble feature wall. A bright gold frame trims the bookmached marble and wood grain panels on the back. Twin gold coffee tables shine under matching chandeliers.
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Luxe Home Interiors With Staple Accent Colours
- Published in Designs by Style, gold, home, Home Decor, home design, interior, Interior Decoration Ideas, Interior Design, interiors, International, Luxury, marble
The FBR real estate valuation kerfuffle
The real estate industry is on fire. Earlier this month, the Federal Revenue Board (FBR) announced that they are reviewing the appraisal prices of real estate, including commercial, residential, apartments, flats and other areas of 40 selected major cities of the country.
Since the announcement, there has been outrage coming from realtors, realtors and investors. The results of the revised valuations were not immediately apparent, but in the following days, it became clear that the market would inevitably slow down. There are already reports of major deals failing with buyers withdrawing at the last second, and sellers are suddenly finding an obvious shortage of buyers for their residential and commercial plots.
Basically, the FBR increased its valuation of property prices for two reasons. The first is the very obvious one, which is that they will use this increased valuation to generate more real estate tax revenue. The second reason is that the real estate business in Pakistan has long been a well of black money, hyper-inflated values, tax fraud, and all other manners of shady practices.
While the market value of the real estate in Pakistan is high, its official value in documentation is usually cited as low enough in an attempt to keep taxes payable low. The new tariffs have tried to fix this very old problem – the official value of land is much lower than the real market value of the same land.
This problem has been around for some time. Its roots are in a complex system of DC tariffs and FBR tariffs that anyone who has had to go through the discontent of buying and selling city property will know. It is a system based on lies, deception, and attempts to avoid taxation. Through its property valuation, the FBR is essentially trying to put together the official index of property and the market value together.
In its current test, the board may have outperformed slightly, as there are many cases in which their rating was actually higher than the market rating. However, the FBR has already said that it will negotiate with stakeholders in the industry, which means that the extra valuation is simply there as a hesitation for when the government inevitably negotiates with the real estate industry to lower the valuation.
Real estate in Pakistan
Please skip this short section. Mostly because it is not exactly related to the current problem, but is instead a brief comment on the nature of the real estate industry in Pakistan. In July 2020, Farooq Tirmizi made a story for Profit titled ‘Why (and how many) Pakistanis are investing too much in real estate.’ The story showed that although the obsession with real estate has understandable foundations and originates in an essentially good idea: the need to buy assets that generate inflationary returns has gone too far and is now beginning to create a drag on economics. growth, investment opportunities, and housing affordability.
Real estate in Pakistan is a strange obsession. It has been co-opted by some of the most shady characters this country has seen and because there are so few regulations, things very easily manage to get out of hand. Pakistani real estate agents and realtors do not really have licenses or exams that qualify them to do the job they are doing. It is easy to find hidden passages in documents and development is confusing and incessant. These are many of the traits that have made this sector the degenerate disorder it is today. It is also why it is accused of being used to park black money, and why organizations like the IMF and FATF are unhappy with Pakistan, which we will discuss further in the story.
In addition, the commentary also raises more questions about the fate of real estate in Pakistan. You don’t need to pass an exam to be a real estate agent, you just need a phone to make calls, make connections and be a good salesperson. This act itself pushed real estate to be traded like a commodity rather than a real estate asset. The revaluation, whether overestimated or undervalued, not only makes it difficult to park money but can eventually lead to the inconvenience of real estate. Maybe then homes may one day become accessible.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate.
The FBR real estate valuation kerfuffle
Textured Home Design Inspired By Nature
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Inspired by nature, this minimalist home interior of 180 square meters features a completely earthy palette of rich brown and calm beige. Textured elements give large living spaces great depth and unique character. Displayed by NK Interior in Kyiv, Ukraine, the domestic concept holds high rooms where roofs are smoothed by wide panels of chocolate wood grain. Compatible wall panels draw additional attention to the height of the apartments and bedrooms. Fabulous hanging lights fill the vast voids below the roofline, glowing with warm and atmospheric light. White marble slabs cover luxurious bathroom decor, with modern fixtures inventing a high-quality finish.
The elegant lounge area opens directly into an equally lofty kitchen dining room that follows the same serene color palette of warm beige, matte black and natural wood tone. The kitchen cabinets have the same wood-tone finish as the attractive ceilings to achieve an individually tailored look. Lighted open kitchen shelves cross the back of the room, where they create a bright spot of interest.
Conversely, a dining chandelier makes a great statement in the adjoining space with multiple low hanging pendants. The three hangers pull loose halos along a large dining table and an integral kitchen island. A piece of 3D relief artwork is leaning against the dining room wall to add interest to the simple gray depiction.
Inside the first bedroom, a dreamy marble accent wall features fashionably fluted textured sections. The luxurious gray stone contrasts sharply with the visual warmth of smooth wooden ceiling panels. LED perimeter lights draw a bright separation between the materials, which gives additional emphasis to the feature wall.
Inside the luxurious bathroom, bright white marble slabs cover the walls and floor to achieve a streamlined, cohesive look. A dark gray vein strikes through the white stone, creating a dramatic finish. This dark accent inspires the color of charcoal gray toilet wall and matching gray modern toilet. White mosaic tiles build a gleaming tower inside the shower.
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Textured Home Design Inspired By Nature
- Published in beige, brown, House Tours, interior, Interior Decoration Ideas, Interior Design, interiors, International, texture, ukraine
Vietnamese Villas: Airy Courtyards & Lush Green Borders
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Nature has revitalizing effects that are great for mental health, but often we are pretty much removed from it in our modern homes. In built-up areas, there may be limited space for gardens, or they may not offer enough privacy from the nearest neighbors. Courts offer an opportunity to correct this. Surrounded by the home itself, there are no curious eyes from the next door, and the central location of the green space encourages passage through it as one moves from one inner room to the next. Designed by Kaizen Archi, These two bright and modern Vietnamese villa concepts are centered around their airy courtyards, which provide happily cooling ventilation and a serene 360º garden view.
The kitchen installation fills the back of the living room with rich wooden cabinets. Compatible wood effect panels reach up to the ceiling line to extend the aesthetics and make a much grander statement. A coordinating kitchen island separates the kitchen from the dining room and adjoining living room.
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Vietnamese Villas: Airy Courtyards & Lush Green Borders
- Published in courtyard, Designs by Style, interior, Interior Decoration Ideas, Interior Design, interiors, International, vietnam, villa
Pictures Inside Worcester’s Bancroft Tower (7 Pics)
Once a year they open the tower to the public. I was lucky enough to get a private tour to see the inside of this historic structure.
Bancroft Tower is a 56-foot-tall natural stone and granite tower that looks like a miniature feudal castle. It is located in Salisbury Park, in the city of Worcester, Massachusetts. It was established in 1900, in memory of Worcester native politician, historian, and statesman George Bancroft. The tower was designed by Worcester architects Earle and Fisher.
The cost of construction was approximately $ 15,000. Bancroft Tower is listed on the National Register of Historic Places.
Bancroft Tower
A corridor in a tower
Top of tower
Stairs in a tower
Close-up photo of an iron spiral staircase
Stairs
Fireplace
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Pictures Inside Worcester’s Bancroft Tower (7 Pics)
- Published in Architecture, Category featured, full-page, History, Jason Baker, Photography
Family Homes Looking Good In Gold, Marble And Wood
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Gold accents, luxurious marble and wood tone elements make up these two very elegant family home designs. We will visit two very different living space arrangements, each with its own light and luxurious aesthetic, with two gloriously chic kitchen designs. The luxurious marble, gold and wood-tone palette is carried in a multitude of fabulous bedroom designs, including an adorable nursery with antique roses and arched elements. Beautiful bathrooms come last but not least, where high-end finishes benefit the most limited dimensions. Lots of custom furniture designs will also inspire here, as well as elegant light ideas and eye-catching walls.
This home design started as two apartments, at 33 and 74 square meters. The two traits were joined and rearranged to fit a young married couple with two children. The living room carries design traditions of French classic apartments, under a chic palette of white marble, gold and wood tone. A luxurious marble feature wall dominates, and round coffee tables draw the aesthetic into the center of the room.
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Family Homes Looking Good In Gold, Marble And Wood
- Published in apartment, Decoration, Design, Design Gallery, Designs by Style, family, gold, Home Interiors, interior, Interior Decoration Ideas, Interior Design, interiors, International, marble, wood
Pros and Cons of Homeowners Association
If you want to understand the pros and cons of HOA living, you must first understand what HOA is, what they do, and how they affect homeowners.
HOAs – what are they? This is a common question. The term simply refers to homeowners’ associations. An association of homeowners manages a community for the benefit of its residents.
What does HOA mean in Housing?
Homeownership associations exist to manage residential communities, keep a limited appeal, and keep property values high. In addition to maintaining boundary appeal and preserving property values, associations of property owners manage residential communities. Home developers are the ones who initiate the association.
Following legal advice, the programmer drafts the governing documents of the association. Regulations, amendments, rules and regulations, and articles of incorporation are among the documents.
Simply put, it lives in a house that is part of an association of homeowners. Although there are many benefits to living in HOA, it may not be for everyone. Living in an HOA community, for example, gives you access to amenities you wouldn’t have otherwise.
What is the purpose of HOA?
As soon as you transfer to the homeowners association, you become a member. HOA’s governing documents are automatically applied to you as an HOA member. The documents outline what you are and are not allowed to do as a homeowner. Rules like this help keep property values and keep neighborhoods safe.
Managing an HOA involves taking care of the best interests of the community, enforcing rules, and setting the amount for fees. A review of the HOA’s governing documents is recommended before transferring to a homeowner’s association.
You will be able to get acquainted with the covenants and rules that must be followed if you relocate. Before you decide. Buy or luo house within the community, it is a good idea to determine the health of the association.
Advantages of HOA
Here are some benefits of HOA to help you make a decision.
1. HOAs are responsible for the maintenance of common areas
The aesthetic appeal of a well-groomed community extends to the ease of living within it as well. A landscape without rubble, trimmed trees and blooming flowers bring harmony and peace. The well-being of a community is important, and it is comforting to know that these services exist.
The benefits of living in a community with HOA include shared community areas maintained by the organization. Landscapes, swimming pools, playgrounds, barbecue areas and community centers are included.
The spaces can be enjoyed without having to worry about maintenance. In addition to preserving the landscaping in front of each unit, some HOAs also maintain landscaping in the backyards of residents.
2. Consistent value for each property
Property values are a major reason people buy into HOA. Your board helps protect your investment and ensures that its value remains the same. It is the responsibility of the owners to maintain their lawns, homes and personal property in accordance with community law. There are many benefits to a homeowner, but there are also many benefits to the community as a whole. The board members live in the same community, and they are just as eager to see it thrive as you are.
3. Complying with standards
Every homeowner should follow certain guidelines. Before signing on the dotted line, buyers should be familiar with the prevailing documents. There is not much tolerance for uncontrollable behavior in a typical association, from a wild party in someone’s yard to a distraction from architectural guidelines. The neighborhood has a board that mediates neighborhood disputes and presents consequences when things don’t work out.
Disadvantages of the United States
Let’s look at the disadvantages of HOA.
1. HOA fees must be paid monthly
Residents of the community have to pay HOA fees because the HOA maintains the common areas and exteriors of homes.
The fees for these amenities vary from community to community. In addition, HOA fees are not fixed, so they may change from time to time. When it does not raise enough money to keep the community going, the association may have to increase the monthly fee.
2. Failure to pay HOA fees can have serious consequences
Paying your HOA fees is an important part of living in a community. The state in which you live will determine whether you can be executed for failure to pay HOA fees. The amount you owe will get until you pay, even if your state does not allow foreclosure in these circumstances.
Fees must be paid by all residents of the community. If the HOA cannot raise enough money from residents, the property may not be properly cared for. Because of this, a community may have to fire its property manager, making the appearance and condition of the community worse. The impact can be negative on the value of the community.
3. Rules and regulations are implemented by the HOA
In the event that the monthly HOA fee is affordable, paying these fees may seem like a minor inconvenience. You should understand, however, that the HOA sets requirements for the appearance of your home regardless of whether you agree with the fee. In addition to what front door and windows you can have, they decide what color to paint your front door or shutters. You may even be limited in how much exterior decoration you can use and how many vehicles you can park in your community. If you violate the rules and regulations of the community, you could be fined.
4. Inadequate management
Poor management can lead to deterioration in some HOA communities. As a precautionary measure, electing board members who have the best interests of the association in mind is the best way to avoid such a situation. In addition, many HOAs hire a management company to ensure that responsibilities and duties are properly met.
5. Executions and custody rights
Care or execution is always a concern when living in an HOA. There are certain HOAs that can put worries on your property and then exclude it. The custody will only take place if your membership fee is not paid.
Conclusion
It is important to consider the pros and cons of living in an HOA before making a decision. Paying monthly fees and adhere to HOA community rules are required. You will also benefit from things like preserving your property value and being able to access well-preserved amenities (such as landscaping). In the long run, you will benefit more from HOAs if you can tolerate the small annoyances they bring.
In the same way, homeowners can benefit from HOAs, HOAs can benefit from professional management services and vendor assistance. Browse the comprehensive HOA Management directory to find the right services.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Pros and Cons of Homeowners Association
- Published in Housing Finance, International, Real Estate, Real Estate Guide, real estate market, Real Estate News
Digital Power of Attorney for Overseas Pakistanis
Digital Prosecutor
A day after the joint session of Parliament passed 33 laws, including “the Election Second Amendment Act, 2021”, providing voting rights to overseas Pakistanis, the government launched a digital portal to assist emigrants with a certificate from a prosecutor.
Prime Minister Imran Khan’s launch of a platform for automation proxy is yet another innovative step for Pakistanis living abroad.
The service will help expatriates get online confirmation from their prosecutors without having to visit embassies.
It was first released in ten countries and has now been linked to NADRA’s database, enabling it to provide services to all embassies and consulates around the world.
Solution to Many Problems
In his remarks during the inauguration, Prime Minister expressed regret that abroad Pakistanis were not considered an asset to the country. He asserted that now that they have been given the right to vote in elections, every government will respect them.
He added that emigrants have problems with a prosecutor and that automation would solve their problems.
The Prime Minister also expressed his joy at the approval of a bill allowing electronic voting machines to be used in general elections.
Technology has changed the world, and refusing to adapt to it is ridiculous, he said, adding that only corrupt forces oppose it.
“It made me very happy yesterday,” the prime minister said during the ceremony, “because we have now involved Pakistanis abroad in the democracy of Pakistan.” He claimed that because emigrants now had voting rights, “Every government will value our foreign Pakistanis.”
The nine million non-resident Pakistanis will vote for the administration, which can improve their lives when they go to the polls. “The most important advantage will be that a citizen can control the government with his vote in a democracy,” he said.
Certificates of Inheritance
Through biometric verification at Pakistani missions abroad, the National Database and Registration Authority (NADRA) would provide letters of administration and succession certificates to foreign Pakistanis, saving them the trouble of going to court.
The government has publicly disseminated the method of requesting the said documents through Pakistani missions to raise awareness of Pakistani expatriates who would otherwise have to languish in local courts and endure a lengthy process.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate.
Digital Power of Attorney for Overseas Pakistanis
- Published in Business, Digital Power of Attorney, digital power of attorney nadra, General, How to apply power of attorney, how to check power of attorney online in pakistan, how to get power of attorney, Marketing, Nadra Digital Power of Attorney, Overseas Pakistanis Power of Attorney, overseas voter registration pakistan, Power of Attorney, power of attorney cost, power of attorney for property, power of attorney online, power of attorney sample, Property News, Real Estate, Real Estate News
Interior Design, Simplicity, And Self Exploration
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Displayed by Shamil Kalimulaev, this home design is born out of a journey of self-exploration. The designer’s own tastes and desires have shaped an airy apartment that is styled with modern classics. Pure simplicity factors as one of the main components of the interior design. In the words of Yukio Mashima: “Simplicity is the highest point of wisdom. Anyone who dislikes simplicity only evokes compassion. If a person fears simplicity, then he is far from maturity.” In the bedroom, an atmospheric lighting plan accentuates fashionably textured decorative components and a neoclassical twist. A soothing but solid scheme of stony gray, luxurious black marble, and equal matte. black appliances shade the elegant bathroom.
Black base units provide a dark contrast at the back of the black, white and wood-toned kitchen design. A trio of cutting boards echo the room palette in solid black, white marble and natural wood finishes. A single modern wall light is beautifully framed by a traditional decorative boiserie, where it adds focused task lighting over the cooking pot.
Continuing into the bedroom concept, we find a boiserie frame filled with a huge mirror. The mirror is ideally placed to increase the feeling of space and light around a small workspace in the corner of the room. A cream swivel chair provides a slight contradiction of color against the black floating desk.
As we move into the bathroom, we encounter another interpretation of the fluttering trend of texture that threads a cohesive theme throughout the apartment. Illuminated round mirror and globe bathroom lights build a soft and atmospheric lighting plan. A contemporary radiator cradles clean bathrooms on heated shelves.
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Interior Design, Simplicity, And Self Exploration
- Published in house tour, House Tours, interior, Interior Design, interiors, International, minimalist
5 Tips To Increase Rental Property And Maximize Income
The appearance and functionality of your rental property have a direct correlation to the rental income it can produce. By investing in the right improvements, you can charge your tenants more. This can result in higher rental income in the long run.
However, there is a fine line between improvements that allow you to increase rental income and those that are unnecessary or superfluous. You need to determine who is who so that you don’t end up paying for expensive renovations that do nothing to your rental property.
Here are five simple but effective improvements that can increase your property value and, eventually, enable you to earn more rental income:
1. Improve The Exterior Of Your Property
The exterior of your property is very visible, and how it looks can create an impression. You find it difficult to attract tenants and encourage them to live on your property if your exterior looks poorly maintained.
One of the easiest ways to enhance the value of your rental property is to take care of your exterior. As a landlord, you should put in the time and effort to make sure your exterior is in pristine condition. You can achieve this goal by:
Pressure to wash your exteriors:
Hire professionals to take advantage of their press wash services to remove dirt, dust and other debris from your exterior. Pressure washing also removes mold, keeping your rental farm cleaner and healthier.
Painting your front door:
The front door attracts the attention of tenants and sets their expectations on what they can see inside the property. Increase their excitement by painting your front door in bold color. If your exterior is painted in nude shades, go for light shades of red, blue, yellow or orange for your door.
Pay attention to the landscape:
Check the general condition of your landscape and remove weeds and dead branches. If your outdoor space allows, you can plant more flowers and invest in a water feature, such as a pond or fountain.
2. Refresh The Bathroom
How the bathroom looks and works can significantly affect a person’s mood throughout the day. Can you start the day in a positive mood if the bathroom looks dirty? How can you enjoy your bath or shower if the bathroom lacks essential amenities? Tenants will probably feel the same way, so make sure to upgrade your bathroom.
You don’t need to break the bank just to improve your bathroom. Here are some cheap bathroom renovation ideas that will definitely make the space look and feel new:
- Mess up to make the space look bigger and feel cleaner.
- Experiment with bathroom wallpaper.
- Invest in stylish storage, such as an open shelf and the use of wicker baskets.
- Swap expensive floors for affordable materials.
- Raise old bathrooms by adding new paint or upgrading hardware.
3. Work On The Kitchen
Many tenants will choose to pay more, provided they get the most functional and attractive kitchen. In addition to cooking and preparing meals, tenants were more enthusiastic about the kitchen, as here they would entertain guests and even hold parties.
Contrary to popular belief, you don’t need to spend thousands for a successful kitchen renovation. Like the bathroom, there are inexpensive kitchen improvements that can change the overall look of the space, such as:
- Adding artwork to the walls to create focus
- Adding more seating furniture
- Change the lighting fixtures
- Changing your cabinet doors and hardware
- Instead of replacing kitchen floors, paint them with a neutral shade
4. Add New Living Spaces
The more housing your rent has, the higher the rent you can pay your tenants. This will allow you to earn more income in a shorter period of time.
Evaluate the layout of your property and see if it can still support another place to live. For example, if your wolf property has a separate dining room, consider converting it into another bedroom, or if it’s a large room, split it into two bedrooms.
5. Offer an Outdoor Recreation Space
Gone were the days when tenants only entertained guests inside the home. Today, more and more people would choose to hold meetings in outdoor spaces as these offer a change of scenery and a fresher atmosphere.
Another way to increase the value of your rental property is to offer an outdoor recreation space to your tenants. Depending on the space available, you can add a deck, beauty or some outdoor furniture and BBQ. All of these updates are sure to attract tenants and make your rental property more valuable.
Upgrade Your Rental From Today
The housing market worldwide is full of thousands of wolf holdings. Fortunately, there are many ways for yours to stand out, namely by following the tips presented in this article. These tips are enough to make sure your rental property meets modern standards and attracts as many tenants as possible.
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5 Tips To Increase Rental Property And Maximize Income
5 Key Property Buying Considerations
Here we discuss key considerations before Buying property, whether it’s a house, a building, or a piece of land, can be quite stressful if you don’t access it in the right way. There are many cases of people investing a lot of money in such property, only to realize soon after that they have made the wrong choice. Also, others lose their hard-earned earned by dealing with shady characters.
For these reasons, you need to do some personal research on what is required of you before you buy any property. According to this account, you will find this article useful because it highlights five key factors to consider before buying your next property.
1. Committed Costs
When you buy land to build on, you should expect to spend on additional things, such as insurance, related taxes, survey costs, and so on. These can give you back a large amount of money, especially if you don’t plan and budget carefully for them. Therefore, you should make an accurate calculation of the total expenses and then come up with a solid financial plan to allocate the funds effectively.
Don’t forget to take into account the costs of building your home on the newly purchased property. If you are wondering how to do the process, you can use reliable online cost calculators, such as Boutique Home Plans and other reputable websites. These calculators are designed to perform calculations for the costs you will have while building your home. All you have to do is feed it with basic information like the size of the house you plan to build, and it will use this information to accurately calculate the expected costs.
2. Legal Considerations
Before you get possession of land to build, you need to go through all the required legal channels and get the necessary documents. These include:
- Title document
- House plan approval
- Certificate of Land Use
- Certificate of care
- Initial certificate
Additionally, you will require building permits for all the structures you intend to erect. These permits have an underlying framework of standards set by the government that ensures you build robust structures.
Therefore, be prepared for a lot of paperwork. However, this should not prevent you from the buying process because, in the long run, the documents ensure that you are making a legal investment. You can contact a reputable real estate broker to guide you through the documentation process.
3. Location
Before you buy that piece of land, consider its location. Research on factors such as:
- District: Not only focus on the land, but also on the surrounding community. Look at who your future neighbors will be and choose the land in whose social environment you will comfortably fit.
- Security: You don’t want to end up living in an insecure environment. Therefore, consider the security and crime rates of the area.
- Centrality: Unless you intend to stay in the remote countryside, you should buy property close to town or other critical amenities and infrastructure, such as schools, hospitals, roads, power grids, water distribution systems and more.
4. Zoning Restrictions
Zoning laws are statutes that classify an area as either commercial or residential. For your home, you will need a plot of land in a residential area. You can browse zoning records for your plot of land, which you can find online or from the zoning office of the area in which you want to build.
Moreover, research on the long-term land use plans of the area, especially future road construction. This is important because you can build a house on the ground and after a while, the government builds a busy highway right next to your house. Therefore, save yourself all these inconveniences by going through the zoning guidelines.
5. Size
The size of the land will influence the scope of your projects and the plans you may have for future land development. If you want to build a mansion, you will go for a larger size of land than if you want to build a bungalow. If you plan to breed a horse or two, the land size will also determine if you can have outbuildings, such as a barn. And if a pool is on your wish list, you should consider enough land space for the project.
Conclusion
Buying a property to build a farmhouse is one of the most important investments you can make. As the owner, you will be in charge of your belongings and this will give you a sense of liberation. To be successful in your purchase, you need to consider a number of factors, such as the cost of a building, legal considerations, zoning restrictions, land size, and location. Putting all of this into perspective ensures that your newly acquired property meets the needs you’ve been dreaming of for a long time.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
5 Key Property Buying Considerations
- Published in International, Real Estate, Real Estate Investments
Product Of The Week: Beautiful Flameless LED Candles
- Published in decorations, dining tables, International, lighting, Product Of The Week
7 Tips To Sell Your Investment Property
Investing in real estate has its share of ups and downs, and there will come a time when you will have to give up one of your investment properties. When you plan to sell your property soon, it can be profitable under favorable market conditions.
Once you decide to sell an investment property, expect a few challenges along the way. Make it a priority to come up with a plan to save you the hassle and costs. If you want to sell your investment property, here are some tips to consider:
1. Assess The Current Market Situation
Before selling your investment property, you need to know everything about the current trends in the local market. Once there is a good, upward trend in the market movement, it is important to make a move.
You need to note the occupancy rates, employment situation and the general condition of the light market. In general, potential investors consider property in an area with low unemployment rates, high employment rates and favorable rental conditions with more value.
When you consider putting your property on the list soon, getting a property valuation by Local Agent Finder or from other reliable suppliers would be a good starting point to know the value of your property.
2. Stage The Lua Property
If you want to sell your investment property successfully, make sure to stage it well to maximize its appeal. It is best to consider hiring the services of a professional stage manager to make it happen. Remember that staged property can make a significant difference in the overall appeal and value of your property.
Some of the benefits of staging it will help you sell faster, highlight the key features, give the impression that your home has a higher value, and impersonate it to make the property more attractive to potential buyers.
3. Decrease The Expenses On Your Investment Property
A considerable move during the sales process is to reduce the monthly operating costs. It is an effective way to make the property attractive to potential buyers.
There are various ways to reduce the operating costs of your property, such as upgrading the oven, air conditioner or other important appliances. Although you will be working on a few extra costs, the savings over time will make a good impression on potential buyers.
4. Decide On The Right Price
One way to increase your chances of selling your investment property is to decide on the right price. Make sure you are in the mid-range between expensive and low value. Remember that both extremes will hinder your chances of selling your property.
If you want a reliable basis on the price, you could consider a comparative market analysis. Without one, you will have no foundation to set the price for your investment property. The main purpose of the analysis is to determine the recent selling prices for other similar properties in the same neighborhood.
5. Provide Quality Views Of Your Property
Make it a priority to showcase your property in the best way possible with quality photos. If you lack photography skills, hiring a real estate professional is worth considering if you want eye-catching photos to include in your list.
Providing attractive photos of the property on the list will attract potential buyers to visit, especially if they see the main selling points. Additionally, providing featured images of your property can increase the likelihood of selling faster and with higher value.
6. Prepare All Documents
Before putting your investment property on the list, you need to be prepared with relevant documentation. Prepare those that cover the overall financial health of the unit. In general, you need to include the budget and expenses and income data.
Don’t forget to provide all the necessary documentation when it comes to the history of repairs and maintenance. Ensure that it includes a comprehensive overview of capital expenditures.
Always remember that by providing complete documentation, you are transparent about your property. It can help establish trust and help potential buyers make the final decision.
7. Work With Agents With Experience In Investment Properties
If you work with an agent, you should hire one who specializes in investment properties. Hiring one without experience could lack the skills to market and successfully sell it. During the selection process, you need to make sure that potential candidates have the right sets and experience in the industry.
Conclusion
The seller’s investment property can ensure good profit. If you want to make a successful sale, be sure to consider these valuable tips to significantly enhance your chances of attracting potential buyers and getting a good deal in no time.
For more information on the real estate sector of the country, keep reading Feeta Blog.
7 Tips To Sell Your Investment Property
Deeply Rustic Interiors Meet Boho & Nomadic Melds
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Raw wood grain, rotating textiles and a multitude of prominent textures fill these three deeply rustic interiors with a palpable decorative experience and a truly mesmerizing visual feast. The dramatic rustic aesthetic is met with smaller boho and nomadic fusions to form transitional moments. Modern linear furniture silhouettes and curved decorative accessories introduce sparkles of contemporary style. A rustic color palette of peaceful beige and browns forms a warm and comfortable atmosphere with a nuance of intimacy and romance. Abundant indoor plants bring naturally edifying greenery. Naked concrete decoration and stone elements add a sturdy weight and a comfortable sense of constancy in the fickle modern world.
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Deeply Rustic Interiors Meet Boho & Nomadic Melds
- Published in boho, Designs by Style, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, nomadic, rustic
Insanely Stylish Interiors With Classic Details
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Classic details and a soothing pale color palette create highly tailored apartments, chic bedrooms and luxurious bathrooms in these two crazy elegant home interiors. Displayed by Square room, smart panel molding puts a taste of the traditional into these designs, which create an elegant backdrop for designer furniture, a multitude of eye-catching lighting fixtures and modern murals. The kitchen designs in these homes are very stylish and elegant while still complementing the classic elements in the room. Cold marble becomes a cross-linking material that spans the ages and fabulously blends in with the fusion of muted shades. Metallic gold accents ensure that a rich and shiny thread is woven everywhere.
The first of our two elegant home interiors use soft shades of gray to visibly enlarge the living space. The subtle shades of gray work to exaggerate the smaller decorative details in the room, such as the elegant panel molding and unique cushioning that adorns the walls and ceiling line. Two living room floor lamps place clear white moments against the hazy gray background.
Located on Leontyevsky Lane, Spiridonova’s mansion was assigned to its newest design team in a semi-restored state, in which the previous owner combined two apartments. In its latest renaissance, the apartment includes a fabulous piano room / lounge, where a modern chandelier draws attention to stunning high ceilings and intricate crown molding.
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Insanely Stylish Interiors With Classic Details
- Published in #architecture, Designs by Style, gold, grey, interior, Interior Decoration Ideas, Interior Design, interiors, International, marble
Procedure for issuing separate transfer letters to more than one delivery
The civic authority of Islamabad has devised a procedure for the issuance of separate transfer letters in case of more than one delivery. The emission procedure is as follows:
In the case of more than one delivery, different copies of the Transfer letter may be obtained. In addition, if a co-signer wants to deliver their share, all other co-contributors will have to give their original transfer letters in order for new transfer letters to be published.
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Procedure for issuing separate transfer letters to more than one delivery
- Published in International, Real Estate, Real Estate Guide, real estate market, Real Estate News
Procedure for issuing separate transfer letters to multiple transferors
If there is more than one transfer, they may request separate copy letters.
If an assignee wishes to deliver their share, all remaining assignees will be required to return their original transfer letters in order for them to be reissued.
For more news and updates visit feeta blog.
Procedure for issuing separate transfer letters to multiple transferors
- Published in International, Real Estate Guide
A Swanky Swiss Villa On The Shores Of Lake Geneva
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Located near the shores of Lake Geneva, this characteristic three-story urban retreat is the Last Geneva Grand Villa. At 2,000 square meters, the property boasts an impressive master bedroom with a private terrace, seven additional double bedrooms, a home cinema and a wellness area that includes a sauna, hammam, Jacuzzi and a well-equipped gym. There is also a huge 10-car garage and a separate villa on the property, where guests can enjoy an extended stay. The luxurious villa overlooks rolling views of manicured lawns and lush green grove. Huge terraces accommodate comfortable outdoor accommodations around not one but two outdoor pools.
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Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architecture, Lifestyle and Interior Design.
A Swanky Swiss Villa On The Shores Of Lake Geneva
- Published in house tour, Luxury, switzerland