Pakistan Launches PR Scheme For Foreigners
The Pakistani government has formulated a PR Scheme For Foreigners who want to stay in the country. Visitors from all over the world go to the country to marvel at its natural beauty, which is also rich in history, culture, and tourism. Foreigners can now become permanent residents of the country and take advantage of services offered as a result of the new initiative. The government intends to entice hundreds of billions of dollars in overseas trade by granting Pakistani identity and proprietary rights to foreign investors.
A person who holds a formal certification to reside inside a nation is said to have a permanent residency. A permanent resident doesn’t really require a visa or any other documents from the state to live within this nation.
Permanent Residency In Pakistan
According to Fawad Chaudhry, Pakistan’s Federal Minister of Information and Broadcasting, foreign nationals who invest in property will be granted permanent residency. Based on the current state of the Pakistani real estate market, this is really a fantastic opportunity for all foreigners to invest, become permanent citizens, and earn generously.
The federal minister also stated that geo-economics is at the heart of Pakistan’s National Security Policy and that expatriates will be able to obtain legal residency status in the country. Foreigners must invest a minimum of USD 100,000 to USD 300,000 in the country’s property sector in order to implement this government-sponsored PR initiative.
Who is going get benefit from PR scheme in Pakistan
Pakistan’s foreigner PR plan is designed on the basis that also was used in Turkey, enabling outsiders to buy land within the country. Foreigners can acquire houses, land, or resorts through this PR plan, which is appropriately dubbed. This PR system is a wonderful opportunity for Afghans who have been seeking permanent resident status in other countries in order to better their security. They can become inhabitants in Pakistan and come from a comparable culture to their own. Additionally, because Pakistan has a substantial percentage of gurudwaras, specific arrangements are being designed to assist the Sikh community.
It is the first time that a government has gone through the trouble of inviting foreign residents to apply for permanent residency in Pakistan. This also encourages Chinese investors to start up shops and reside in America. It is expected that this plan will bring in billions of dollars in foreign investment.
One article covered everything you needed to know about Pakistan’s new permanent residency policy. You may learn more about this and other initiatives at Feeta Blog.
Pakistan Launches PR Scheme For Foreigners
- Published in International, News, News & Updates, News and Update
Gwadar International Airport: World-class Destination
In Pakistan’s key coastal city in Gwadar, Prime Minister Imran Khan began work on a number of huge developments and announced the start of a number of other infrastructural projects and programs of an ambitious China-Pakistan Economic Corridor (CPEC). The CPEC is still the centerpiece program of China’s ambitious multibillion-dollar Belt and Road, which links Gwadar Port in Pakistan’s Balochistan with Xinjiang Province in China (BRI). Chinese will get access to the Arabian Sea as a result of this agreement.
In the past few years, the growing port of Gwadar in Balochistan becomes a hub for property investment and infrastructural development. This is a critical part of China’s Belt Road Initiative, also known also as the China-Pakistan Economic Corridor in Pakistan (CPEC). Marine Drive and the Gwadar Sports Complex have considerably increased the city’s total net worth. The government is building a large-scale international airport development in Gwadar throughout the effort to allow it the world’s largest and most beneficial free trade agreement. The facility has indeed been designed with best-in-class features to help local and international travelers, increasing the port city’s importance as a global destination.
We’ll provide you with all the latest details on Gwadar Air Base in this blog, as well as talk about the project’s location and expected characteristics.
Latest Updates On Gwadar International Airport
The original construction design concept for the Gwadar Intercontinental Airport terminal was revealed in 2017. However, the project’s foundation was not laid until April 2019, when Prime Minister Imran Khan attended a high-profile groundbreaking ceremony. Work on the procedure will begin in October of next year. The construction of the New Gwadar Airport is projected to cost more than PKR 55 billion ($246 million). That’s a megadevelopment of 4,300 acres. This new airport will be able to transport 30,000 tonnes of commodities each year and will be able to accept both small and large planes such as the Airbus A380, Boeing 747, and Boeing 748.
Completion Timeline
According to the master plan, the airport will have a 3,658-meter-long runway with a 75-meter-wide approach that will be able to accommodate and handle heavy airplane flight operations. China State Construction Engineering Company has been granted design and construction contracts for the airport by the Pakistan Airport Authority (CAA). The airport should be completed even by the beginning of 2022.
According to Hassan Nasr Jamy, Director of Aviation Division, the building on Gwadar airport is proceeding at a good rate, and the project would be completed and operational by September 2023, as scheduled. People will also have access to a plethora of new work opportunities as a result of the initiative.
Location Of Upcoming Gwadar International Airport
The airport project is being built near Gurandani, 26 kilometers northeast of Gwadar’s existing international airport, which is a tiny infrastructure that opened in 1984. The port team’s biggest airbase will be surrounded by cutting-edge infrastructures, such as a vast network of roadways that will connect it to the Makran Coastal Highway as well as other big regional thoroughfares for a seamless connection.
Gwadar International Airport’s Expected Features
The mega project of the forthcoming Gwadar airport is being built on a scale that dwarfs practically all of Balochistan’s existing international and domestic airports. Gwadar Airport Terminal would give services to airlines and people from all over the globe, just as Jinnah Airport Terminal, Allama Iqbal International Airport, or other comparable sites all around the country. The airport is anticipated to be equipped with the elements to give foreign travelers a fast and enjoyable experience:
- Several gates and police walkthroughs greet guests just at the main entryway.
- Atriums, corridors, and hallways all have a lot of space.
- The Interior is completely cooled.
- The facility is extremely secure and is monitored by CCTV cameras 24 hours a day, 7 days a week.
- Visitors will find a well-equipped waiting room with free Wi-Fi.
- Travel firms’ offices, airline companies’ offices, and authorities
- Shops that are duty-free
- Nearby world-class hotels and rooms are available, as well as on-site taxi and vehicle rental services.
- Parking is plentiful.
- Tourists will benefit from high-speed elevators and escalators.
- Cafeteria inspired by fancy eating establishments throughout the world massive cargo management facilities (for handling baggage and freight shipments)
- In handling day-to-day airplane operations, there really are thousands of kilometers of runways and control towers.
The Real Estate Impact of Gwadar International Airport
When an international airport is built in a city, it has a positive effect on the city’s property value, according to Pakistani market trends. Inside the instance with Gwadar, the same thing was predicted. Once the airport is constructed and fully operational, real estate prices in the port city are likely to increase significantly. Its been exploited by investors.
Invest in the Canadian city of Gwadar to get the benefits of your investment
If you’re seeking a way to get a piece of Gwadar’s booming real estate market, Gwadar, Canada, is a good place to start. This GDA-approved project is a top opportunity to make money in Southern Asia’s next big economic hub, with state-of-the-art amenities and a rewarding position. The Makran Coastal Highway is about 1.5 kilometers away from the Canadian City real estate development. This route provides direct access to the city’s new airport, which is only 15 km far.
Property values in Canadian cities will climb dramatically in the near future due to the closeness to Gwadar International Airport, especially after the airport is operational.
The fact that this housing development is included in the revised Gwadar Master Plan is also significant. Furthermore, read the detailed project reference to learn further about Canadian major towns, facilities, and alternative investments.
It’s time to wrap it up now we’ve brought everyone all the latest updates about Gwadar International Airport, and also addressed its planned features & potential influence on the port city’s real estate. Regularly check back so we’ll refresh the article as quickly as new information comes to light.
On a related issue, you might be interested in learning more about the ongoing initiatives and investment opportunities in Gwadar’s real estate sector. We’ve also compiled a list of the most exclusive insights on the port city which you might find interesting. Keep up to date with Feeta Blog, Pakistan’s leading real estate blog, and get more information on all the country’s critical infrastructure or property developments.
Gwadar International Airport: World-class Destination
- Published in International, News
Amazing Winter Destinations in Pakistan’s North
Pakistan is one of the few countries in the world having four distinct seasons. Winter, summer, spring, and fall are all beautiful seasons to visit in Pakistan. Every season has its own distinct flavor and set of advantages. The northern parts of Pakistan enjoy four beautiful seasons at once, as well as spectacular vistas and locations. These zones are carried out using different astronomical regions of the earth’s sky. Because of their beauty, tourists from all over the world, including Pakistanis, have been lured to these destinations.
Summer and winter vacations are popular in Pakistan’s northern regions, which are also noted for their breathtaking beauty. You’ve come to the right location if you’re thinking of taking a winter holiday to the north. On this page, we’ve come up with a list of the finest tourist sites in the country.
The below places are famous not for their stunning scenery, but also for two of the greatest tourist amenities, like road and communication infrastructure, hotel rooms for short stays, and vacation homes.
Swat is an adventure tourism place
Those who visit Swat regularly might also make the once commitment by buying an apartment. Check out Cedar Valley in Kalam for the studio, one, and 2 bedrooms apartments that may be rented out for extra money.
Shogran in winters
On the road to Naran and Babusar Top, Shogran is off the usual path. The tourist destination is well-connected to the region’s stunning natural features, such as Siri Paye and Makra Peak, and is also suitable for trekking and camping. In the winter, Shogran is covered in snow, then you’ll have to hire a 4X4 to get somewhere; but, in the summer, you may drive your own car.
For just an overnight stay in Shogran, there are many hotels to choose from. If you arrive in Shogran in the middle of the day, it is better to schedule your trip to Siri Paye for the next morning. Another reason for this is that most of the roads are covered with snow, and traveling after the evening is far too risky.
Snacks, lunch, or supper are all available in a commercial setting. It’s not difficult to find a hotel room, and rates in different resorts start at PKR 6,000 per night.
Kalash valley and its winter festival
Kalash’s three valleys are Rumbur, Bumburet, and Birir. All year, Kalash Valley residents may participate in a number of events. Chilam Joshi, a summer event, is certainly familiar to you. A four-day festival attracts hundreds of locals and guests.
Every year from December 7 to December 22, they celebrate Chaw Mos, their most important festival. The Kalash winter celebration celebrates the start of the new year or the conclusion of the harvest season. Tourists and locals alike will be able to learn more about the valley’s interesting history. The natural beauty of Kalash Valley will surprise you, in contrast to such fascinating and colorful displays of local culture.
To remain warm during the Kalash Valley’s severely cold winters, take large jackets, sweaters, and other warm clothing. In the Kalash area, private hotels and guest houses are available, with nightly rates ranging from PKR 2,000 to PKR 3,000 depending on the season.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Amazing Winter Destinations in Pakistan’s North
- Published in International, tour, Tourism, travel, travel destinations, travel destinations in asia
New Property Valuation Rates Until Jan 31
The Federal Board of Revenue (FBR) has postponed its determination on the application of escalating housing values levies in 40 major cities until January 31, 2022.
According to the board’s 2019 Strategic Regulatory Regulation (SRO), Minister of Finance Shaukat Tarin and FBR high-ups feel that property value rates should be hiked by 25 to 30%. Since one of the criteria of the Global Bank’s $400 million Pakistan Raises Revenues (PRR) loan is also that value management rates be related to real market pricing, nothing is being decided yet.
Although it was agreed that the property will be assessed when a shareholder overvalued a home or even if the Alerted valuation tables were devalued, the FBR offered detailed instructions inside an Office Brief as to how to evaluate and execute property cost differences. According to FBR officials, the corporation can assess the market value of assets owned, therefore new valuation tables were produced on Dec 1, 2021, for 40 major cities, bringing properties closer to their genuine market value.
Per the authorities, the FBR has received complaints from a variety of sources, including real estate brokers and housing societies, who have pointed out irregularities and inaccuracies in the recently released value tables. According to the FBR, all solutions to these concerns will be re-notified, with a deadline of January 31, 2022 for execution.
For more information on the real estate sector of the country, keep reading Feeta Blog.
New Property Valuation Rates Until Jan 31
The Pakistan Citizen Portal: A Step-by-Step Guide
The Pakistan Citizen Portal (PCP) is a government-owned smartphone app that allows taxpayers to submit controversial issues for expert evaluation and assistance on subjects like income tax, sales tax, customs, and federal excise duty (FED). It helps the country promote a measurable performance management culture and holds the FBR / government unit responsible for its assigned tasks and obligations. It also assists in the identification of gray areas in the service delivery system, allowing for early action and improvement.
Update (April 7, 2021): In order to address widespread–and long-standing–concerns in Pakistan about illegal land ownership, a special area on the Pakistan Citizen Portal (PCP) has been established for reporting complaints related to land grabbing, or ‘Qabza mafia,’ as it’s more commonly known.
A specific category on Pakistan Citizens Portal for registering issues related to land grabbing/Qabza Mafia was inaugurated during a live telephone discussion on Apr 4, 2021, according to the public announcement.
On the other hand, complaints regarding judicial procedures will not be entertained the Prime Minister’s Office added, citing PCP-rules. Manual’s “Complaints from Pakistanis in other countries will be reviewed as soon as possible,” the statement says.
Update (Jan. 28, 2021): During a review meeting in Faisalabad, Deputy Commissioner Muhammad Ali disclosed that the district has addressed 43,068 public complaints received through the Pakistan Citizen Portal. Authorities received a total of 45,080 complaints, including 886 new ones, as well as comments from community members, through the Pakistan Citizen Portal.
Update (Jan. 1, 2021): The interface of the Pakistan Citizen Portal app has been completely redesigned to enhance consumer convenience to new levels. Complaints, Guidance, & Recommendations seem to be the three basic categories into which the capabilities have been divided. The freshly enhanced interactive environment will allow the user to traverse the program with ease, and they’ll be capable of contributing to the portal’s service enhancement by leaving comments in the ‘Suggestions’ area. The Pakistan Citizen Portal app has been updated and is now accessible just on the Apple And Google Play Store.
Update (Sep. 14, 2020): Do you want to make a good impact in your community? Are you looking for a way to solve your water and energy issues? Do you want to make a complaint because a local government employee has failed to meet their obligations? You’ve arrived to a Pakistan Citizen Portal, a new sort of participatory governance through the mobile application if you answered affirmative to the majority of the questions above. It’s also known as the Prime Minister’s Portal.
Features and functionality of the Pakistan Citizen Portal App
- Take a look at these main characteristics and purposes of a Prime Minister’s Portal so we can go over what to register and follow up on a complaint using PCP.
- Registration on the site is absolutely free.
- You have access to a direct way of communicating with government authorities by opening an account.
- You can file a complaint, point out flaws and problems, and make recommendations.
- The greatest feature about using the PM’s Portal is that you shouldn’t need a reference or an intermediary to do the assignment.
- Keeping an eye on the status of concerns in live time.
Purpose
- The Pakistan Public Portal’s objective is to provide government entities with the resources they need to quickly respond to and answer citizen issues.
- Ascertain that the complaints get sent to the appropriate government agencies and departments.
- All complaints should be handled quickly, and the complainant should be kept informed throughout the process.
- Keep an eye on the plaintiff’s final remedy to see if it helped to solve the problem.
- The issues and recommendations must be revisited because they’re not satisfactorily solved.
- Sort through the ideas and apply the best ones.
- Decide how you’ll handle issues of secrecy.
- Connect current govt complaint centers to a Pakistan Citizen Portal.
Uses Of The Prime Minister’s Portal
- There are several methods to go to the Pakistan Citizen Portal.
- Complaints – Anyone can use the Pakistan Citizens Portal to register a complaint about a specific scenario, a legal violation, or even a social responsibility issue.
- It also is feasible to do a search of any government department.
- Make proposals for any social or organizational change.
PM portal is used to handle complaints
The Pakistan Citizen Portal registration process is really straightforward. To begin, go to the Play Store and download our Pakistan Citizen Portal for Android & apple. You’ll be a registered member who can swiftly make complaints after you’ve entered all the necessary information and fill out all of the blank spaces. When you register a complaint about unsatisfactory service, employee behavior, inefficient processes, merit violations, or poor administration, it passes through a lot of phases.
New Complaints
Under the ‘New Complaints’ symbol on the dashboard, a new problem would emerge. Until the complaint is reopened for further debate and action, it will be stored in this area. Around this time, one’s time frame for dealing with concerns will begin to take shape and be measured.
In-process Complaints
‘In Progress Complaint’ is typically delivered whenever a complaint is submitted and action is taken. The complaint is sent to the appropriate authorities for urgent action as a first step.
Escalated Complaints
From the beginning, your complaint was conveyed to the proper public-interest organizations. If the matter is not resolved by the Prime Minister’s Portal by the date, it is transferred to the ‘Escalated Complaints’ area. Simple escalation and extreme escalation are the two types of escalation. Your issue escalates after 20 days, and the signal becomes red. The complaint would be referred to the department’s next highest-ranking government official.
On the 41st day, once it is filed, the initially elevated complaint will be upgraded to super escalation. The complaint will now be communicated to all of the relevant government office’s top officials. At this time, the Prime Minister’s Office will be able to research the complaint, and it’ll be noted that 41 days have elapsed with no resolution. Employees of a state who were previously involved in settling the complaint would be found responsible for its unresolved status.
Forwarded Complaints
The focal person who manages the dashboard may forward a complaint to the appropriate authority. The forwarding option allows for two-way contact, with erroneously received complaints either from a registered member or a government agency being transferred to itself within 24hrs through the system. The complaints which were received as a result of a mistake are recovered and forwarded to the proper authorities, along with suitable remarks. Depending on where the report must be forwarded, the person in charge or authority in control of the dashboard and complaints have to choose between state and federal entities.
Complaint Resolved
The Pakistan Citizen Portal also shows you the status of the complaint, this is one of the most useful features. A panel’s handler can be one of three things: Certain aid has been provided, some relief has been granted, and no relief may be granted. Despite the fact that the registered citizen wants a full resolution to his or her problems, it is not always necessary for the complaint to be resolved to the satisfaction of the complainant for a number of reasons and conditions.
A complaint lodged at the Pakistan Citizen Portal does not mean that your case will be solved by going above the law. The government entity will choose ‘partial relief granted’ if some action has been taken and the solution is underway. If complete relief has been granted then the government official will tick off the ‘relief granted’ box. It is mandatory for all government offices to record remarks in the comment box when marking it as resolved. Reference should also be attached showcasing the satisfaction of the complainant.
Reopening Of A Complaint
If a complaint was closed erroneously, it really should be reopened and solved immediately as possible. If an organization’s leadership determines that the grievance was not sufficiently resolved and to the citizen’s satisfaction increases on the citizen’s input, the complaint might well be reopened. If a government agency fails to resolve a citizen’s complaint, the Prime Minister’s office will assess the current situation and consider it the highest issue.
Follow Up Mechanism
It has now been demonstrated that a viable follow-up strategy may be used. This aids in the evaluation of the government’s performance and the investigation of complaints. They may well be able to provide the required insights on how well the government entity’s service delivery and procedures might be improved. A review session will be held once a month to look over the concerns. Furthermore, all federal government institutions must perform extensive efficiency audits, involving public feedback surveys, on an annual basis. Increasingly prevalent complaints, systemic issues, and improvement proposals should all be presented to an organization’s personnel on a regular basis. The following criteria will be used to evaluate the employee’s performance:
- Considering the length of time it took to settle the concerns.
- The number of complaints that were resolved.
- Response time to citizens is of high quality.
- Comments from the public.
So this is it for Pakistan’s most widely used complaint filing and resolution system. Other government-run agencies, like the Excise and Taxation Department, Islamabad, and Sindh, are listed in this comprehensive database.
For more information on the real estate sector of the country, keep reading Feeta Blog.
The Pakistan Citizen Portal: A Step-by-Step Guide
- Published in International, News
White Interiors Warmed by Natural Wood
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Fresh, clean, airy and spacious, white decor achieves all these desirable aesthetics but can sometimes project a cold and sterile environment. That said, there are many ways to compensate for the coolness of the pure white color palette, and these two inspiring home interiors show one of the most subtle approaches to the task. To gently warm the look without compromising the minimalist mood, these white interior designs include areas of light wood tone and a delicate blend of beige accents. Delicate black anchor points weigh the windy white decorative palette in tiny doses, just enough to sharpen and define.
Across the room, modern media streaks a moment of wooden tone across the TV wall. The current lamp on the console is the Varo MSDS Studio table lamp for New Works.
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White Interiors Warmed by Natural Wood
- Published in Designs by Style, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern, white, wood
Creating Mixed Moods With Concrete Interiors
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At first glance, a laconic material palette of cold gray concrete may not lend much to fluctuations in character and atmosphere between the different rooms and functional spaces of a family home interior. However, it turns out that the cool concrete slab makes an excellent candidate for flexible functionality and an ideal canvas on which to create mixed moods. In these two inspiring home designs, the use and play of atmospheric light take on the role of a writer or artist, writing and sculpting new scenes for life. Considered lighting schemes form warmly welcoming lounge areas, sacred family dining rooms, invigorating home workspaces and multi-detailed connectivity spaces.
Inside the gray dining room, a stunning domed concrete ceiling integrates the owner’s love for ancient European church architecture beneath a layer of modernity. Moooi’s Meshmatics chandelier exudes a delicate beauty in the center of the dome, where its scattered light unexpectedly converges. At night, the light becomes a sign of communion, where family members converge to share, discuss and comfort.
A pair of chandeliers drip like molten glass in the corner of the kitchen, where they highlight a sculpture Spinning chair designed by Thomas Heatherwick for Magis.
The concept of this home is based on the idea of a magic wooden box. This mental image strongly influences the center of the space, from its visual temperature to the close relationship between living room, study, bedroom, dressing room and multifunctional area, so that daily life is “open and closed” according to the desire of homeowners. .
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Creating Mixed Moods With Concrete Interiors
- Published in concrete, decor, Designs by Style, grey, interior, Interior Decoration Ideas, Interior Design, interiors, International
Interior Inspiration: 5 Beautiful Boho Variations
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Boho Variations interiors all have in common, but there are many different ways in which to individually perfect the aesthetics. This inspiring collection of beautiful boho interiors shows five divergent captures of the atmosphere. Our first boho variety is a rich umbra cocoon with thick textures, tribal influences and decorative features that are inspired by the bow trend. Home design number two is a refined modern space with green botanical accents. Rustic romance forms a boho interior number three, with a particularly dreamy bedroom. Mid-century influences lightly taste home number four, and our final stop is an impressive, high-ceilinged apartment with decidedly luxurious bohemian décor, upscale furniture and a stunning fireplace.
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Interior Inspiration: 5 Beautiful Boho Variations
For The Love Of Linear Architecture
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In an abundant natural environment of mature trees, dense shrubs and soft lawns, low-linear Architecture kindly blends in with the environment. The smooth, man-made linear shape lies peacefully in the emerald cushion of nature to create a balance of life, firmly rooted and standing firmly side by side. Today we celebrate our love of linear architecture with two contemporary home designs. Our first is a house of two planes, large concrete slabs that sandwich a glass room, open living spaces and private sets. A bright, rectangular pool mimics the elongated line of the building, emphasizing its scale. Our second, a house in Sotogrande, proves an almost invisible connection with its habitat with fabulous frameless glass walls.
Inside the house, an open plan living space is being developed. A linear sectional sofa composition divides the center of the living room into two separate living areas. A custom bookcase creates a wall of rich wood tone. A wooden lath coffee table and a matching indoor bench reflect the warm background.
A modern dining room separates the open plan living room spaces from the kitchen. Light green dining chairs give color around a natural wooden dining table. In the kitchen space, a large concrete kitchen island commands the floor. Six kitchen stools line the edge of its spacious dining bar. A concrete back reflects the cool finish of the island.
The modern kitchen is a clean minimalist design, with a laconic color palette and elegant, sleek units. A long kitchen island threads through the center of the narrow room, with a dining bar at one end. All the devices are hidden inside the uncharacteristic white units to preserve the spotless, carefree aesthetic.
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For The Love Of Linear Architecture
Restful & Rounded Sculptural Home Interior
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Resting in its lacquered warm white and natural wood tone color palette, this modern apartment in Moscow communicates a delicious style and utmost elegance. Designed by Belousova.Intern, The exquisite home design features gently rounded furniture silhouettes and beautifully curved statement walls that form a welcoming and comfortable layout. The stunning curves seem to comfortably cocoon every dwelling and every turn. Luxurious marble display walls insert a deep burgundy vein into the lightweight environment, adding depth and a mesmerizing pattern. In the master bedroom, we discover a fabulous custom-made headboard wall that undulates with white waves and a tiny bathroom with a unique free-form mirror.
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Restful & Rounded Sculptural Home Interior
- Published in house tour, House Tours, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern, white
Stucco Wall Treatments for Diverse Decor Styles
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Stucco wall coverings make textured backgrounds that provide many decorative styles. Their subtle inclusion provides a canvas that complements a lot of accompanying materials, colors and furniture design, without any collision or overpowering. These four inspiring home designs show how to use concrete stucco in modern settings for the family, young professionals and the advanced homeowner. Home design number one features a water-molded concrete living room with a cohesive play area for the little ones. Design two is where industrial concrete meets cool Scandi style. Home three dips into the realm of color, and design number four features a smooth capitulation of microcement in a refined, spacious dwelling.
This high home is located in Xiaogang, Anhui Province, China. As you approach the apartment on the third floor of the building, a prominent red door appears. On the other hand, an industrial-style open plan space is enclosed in water-molded concrete that makes a lacquered background for floating life zones.
At the opposite end of the living room is a modern dining room. Ligna Wegner-style Wishbone Chairs are paired with a gray stone-tipped dining table.
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Stucco Wall Treatments for Diverse Decor Styles
- Published in concrete, Decoration, interior, Interior Decoration Ideas, Interior Design, interiors, International, wall decor
A Modern House On A Challenging Sloped Terrain
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Negotiating the rugged, sloping terrain, this modern home design in Santa Maria Da Feira, Portugal, is arranged to prioritize beautiful open views and a peaceful connection with the garden. Created by an architectural firm Lopes da Costa Workshop, the luxury house is focused mainly to the south, where it encompasses an outdoor swimming pool and a fixed sun deck on two sides. The elbow that connects the two sloping volumes of the home is a glazed corridor that bridges the soaked, grassy garden below. The south / north-facing slope of the site produces a false basement that pockets a comfortable TV lounge and covered parking lots between the support areas.
The pool design extends away from the main living volume of the house at a perpendicular angle, which sends it hovering through the manicured green lawn. A wooden deck borders the outdoor pool on two sides, connecting it smoothly by stairs to the main residence and to the comfortable basement TV room.
Glass railings leave the view of the green landscape and a bright blue swimming pool wide open. The sloping terrain places the pool at an intermediate level between the main floor and the basement. A small French window is cut into the base of the pool to reveal a playful glimpse of the water, and its swimmers, into the basement.
The kitchen is placed at the end of the main living room, with the nearest connection to the pool for comfort. Bright white kitchen units reflect the incoming flow of beautiful sunlight from the south. Instead of a backsplash, a narrow window cuts open the side of the kitchen to a thin panorama. A central kitchen island puts cooking in the heart of the space, next to a casual dining room.
Main floor with kitchen, social open plan living room and private bedroom wing. The bedrooms are located on the highest elevation of the site, where they enjoy the utmost privacy and get views over the forest that blooms beyond and below. An isolated home office is located at the far end of the social volume, facing west, where it also boasts meditative views deep into the trees.
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A Modern House On A Challenging Sloped Terrain
- Published in home, homes, house, house design, house tour, House Tours, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern, swimming pool
Microcement Stucco & Muted Accents: Mellow Mood
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Dull green, taupe and copper accents gently color the creamy microcement stucco interiors of these two beautiful modern home designs. The calm decorative palette creates a gentle mood that is spiced up with a striking contemporary design and unique lighting. Our first outstanding home design is colored with bright mossy green elements that live among many indoor plants. Arched windows bring daylight and a skyline. The second of our two home interiors show a large, airy apartment with a cantilevered staircase. The double high lounge reaches up to the rooftops, where a luxurious mezzanine bedroom rests in warm copper tones.
A cantilevered staircase design climbs the open plan living room wall. Clear glass railings provide a safe but unobtrusive barrier along the ascent. Usually a cut, backlit mirror reaches from the living room baseboard to the ceiling behind the stairs, where it joins with the brightness of LED stair lights.
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Microcement Stucco & Muted Accents: Mellow Mood
- Published in Designs by Style, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern, open plan
Nail the Look: Tips, Inspiration & Decor Accessories
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Hello, my friend! It’s time for a Paris adventure. French interiors are effortlessly chic, as one would expect from one of the most elegant cultures in the world. So how can we capture this enchanting aesthetic in other parts of the globe? The French interior design style focuses on timeless elegance rather than fleeting trends. It’s a mix of high-end style, intricate detail and breezy effortlessness. We have put together a collection of four luxurious designs that showcase the high-end principles of chic Parisian apartments, where clean modern lines meet decorative slices of elegant royalty. Stay with us through this lot of modern French interior tips, inspiration and decorative accessories that will help you nail the look.
Complement original architectural features with contemporary furniture. This curved sofa completes the arched window frames with its gracefully rounded shape. One arched window perfectly frames the Eiffel Tower and the city of Paris. See more inspiration for using bows creatively in interior design.
This modern French residential kitchen comes to life with cherry red accessories, including a set of Thonet chairs at the kitchen table.
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Nail the Look: Tips, Inspiration & Decor Accessories
- Published in Accessories, decor, Designs by Style, french, interior, Interior Decoration Ideas, Interior Design, interiors, International
Making Decor Magic With Stone Feature Walls
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Stone feature walls build pure magic within these two very special interior designs. A rough rock accent wall forms a fabulous room divider in our first property. This unique element of decoration provides the modern living room with a huge statement and acts as a TV wall. The dramatic stone partition is split by a crack of clear glass, which creates an internal picture window that connects to the bedroom series. In our second home design, a black stone feature wall is incorporated into a grumpy living room scheme. The palpation accent wall is joined by coarse concrete and fluted finishes to create a deeply woven interior.
A short duration of kitchen counter serves as a decorative surface for some Tetra candles by Naoto Fukasawa for B&B Italia.
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Making Decor Magic With Stone Feature Walls
- Published in decor, Decoration, home, Home Decor, home design, house, house decoration, house design, interior, Interior Decoration Ideas, Interior Design, interiors, International, stone
FBR Amnesty for Real Estate Investment
Available Options under FBR Amnesty
Those who are owners or buyers of a building, or own a unit in a building, may avail themselves of the current amnesty in respect of the purchase price of a building or unit under the following conditions:
For New Projects registered with FBR under Section 100D of the Income Tax Ordinance, 2001:
A person wishing to take advantage of the amnesty must make a full payment through the banking channel (cross-bank instrument only) for the projects registered with FBR from the initial date of the project until 31.st March 2023.
For Existing Projects affiliated with FBR under Section 100D of the Income Tax Ordinance, 2001
For existing projects registered with FBR, full or balanced payment must be paid through the banking channel (Cross Bank instrument only) from the initial registration date until 31.st March 2023.
Process Recording
Prior to taking advantage of the amnesty, FBR made it mandatory for the buyer to register with the regulatory authority. The registration process is as follows:
- Log in to FBR’s IRIS portal
- Click the registration tab and select the buyer’s option. A registration form will appear.
- At the far right, click on the ‘+’ icon and an information box will appear on the screen.
- Enter the details of an Existing / New project including the name and NTN of the project
- Enter the purchase price, transfer date and location
- Again, click the ‘+’ sign in the far right
- Next, enter the details related to the payment instrument
- Click ‘Next’ and do not enter any data. Continue by clicking ‘Next’.
- In the next step, an add-on tab will open and click on the ‘+’ sign.
- Attach all relevant documents (FBR rates of the relevant area, Map Approval, Delivery / Agreement for Sale)
- Click Finish
- Go to Control Tab, enter PIN and confirm.
- Click ‘Submit’ and the registration process will be complete.
Conditionality
- According to the FBR, money invested and derived from the commission of criminal offenses including Terrible Finance, Money Laundering, and Blackmail will lead to the buyer’s disqualification from utilizing the amnesty scheme.
- However, money not derived from the commission of criminal offenses, and not declared under the Income Tax Ordinance, 2001 may be invested, is exempt and enjoys immunity from Section 111.
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.
FBR Amnesty for Real Estate Investment
- Published in International, Real Estate Guide
Soft Monochrome Decor & Modern Lighting
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Super soft monochrome decoration melts over these two luxurious modern home interiors, creating a soft calm. Each of these home interiors is furnished with custom cabinets that fit smoothly and build a luxurious look. Elegant metallic accents elevate the warm, creamy background of these home designs, adding a rich shine that polishes room arrangements with a sense of quality. Large modern lighting fixtures are used to sculpt shape and create a unique style, often acting as the main focus for the space. From oversized and unusual hanging designs, to eye-catching modern floor lamps and contemporary wall lights, there’s inspiration here to brighten up your interior.
Sunlight and flame from the fire are reflected on the playful curves of champagne gold Balloon dog by Jeff Koons.
The lounge area is separated from the back wall by kitchen units by a luxurious kitchen island that serves as a dining bar. Three chic modern kitchen stools line up along the stone counter that wraps around the edges of the unit in a waterfall effect. A grooved panel covers the front of the kitchen island, in a mirror image to the fireplace on the other side of the room.
The second of our soft monochrome interior designs has a creamy concrete background, subtly illuminated by warm white perimeter lights. A piece of 3D embossed artwork features fashionable arch motifs behind a color-coordinated L-shaped modern sofa. A shaped coffee table and a modern floor lamp visibly weigh down the light decoration with dull black anchors.
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Soft Monochrome Decor & Modern Lighting
- Published in decor, Designs by Style, interior, Interior Decoration Ideas, Interior Design, interiors, International, lighting, modern, monochrome
Essential Info on Mortgage Housing in Pakistan
Pakistan has been one of the most difficult countries to secure a home loan. Very few banks offer and eagerly market mortgages, and those that do often have tedious and daunting conditions. As a result, home mortgages in Pakistan have historically been as low as the equivalent of just 0.3 percent of the country’s total gross domestic product (GDP).
However, this figure has started to improve gradually due to the initiatives of the ruling government aimed at moderating the access of Pakistanis to home ownership. The government of Pakistan has launched an ambitious push to build 5 million affordable homes under the Naya Pakistan Housing Scheme and consequently relaxed various bank rules governing mortgages, making it more convenient for poor families to secure home loans.
What is a Mortgage?
The term mortgage originates from the financial system of lending. It is a typical loan that is used to buy or keep a home, land or other types of real estate. In mortgage financing, the borrower unconditionally agrees to pay the lender over time, normally in a series of consequential payments that are secured to form a figure higher than the original amount of the loan. The property itself serves as collateral to secure the loan.
A borrower must apply for a mortgage loan through one of the trusted lenders, ensuring that the necessary conditions and requirements are fully met including minimum credit scores and down payments. Mortgage applications are passed through a rigorous insurance and review process before they are approved. La types of mortgage loans vary according to the needs of the borrower, for example, conventional and variable loans. However, in countries like Pakistan, mortgage financing is restructured in light of various principles in line with the banking system and economic dynamics of the country.
How mortgages work
Individuals and businesses around the world are using the mortgage finance model to buy real estate without having to pay the full purchase price in advance. The borrower repays the obtained mortgage loan with an additional amount for a defined period of time in a series of regular payments until they own the property free, clearly and by all legal means. Mortgages are also known as property claims or foreclosures against the property. If the borrower fails to pay or fails to pay the mortgage, the lender has the right to foreclose on the property.
The Mortgage Process: How to Apply for a Mortgage?
Home mortgage lenders begin the process by submitting an official application to one or more mortgage lenders. The lender requests proof that the borrower is quite capable of repaying the loan. This index may include bank statements, the most recent tax returns, and proof of current employment. The lender will also do a mandatory credit check.
If your required credentials are complete in all respects, and therefore acceptable, the application is approved. The lender will proceed by offering the required amount of loan at a certain interest rate. However, the fixed interest rate is a reason why many people in Muslim countries strongly oppose the acquisition of bank loans. Alternatives to interest, like other financial models, still lead to convincing people.
If the question in your mind is how I am pre-approved for a home loan, then the answer is simple. Homeowners can also choose to apply for a mortgage after choosing the property they are looking to buy or while they are still. in the hunt for the right property, this process is known as pre-approval. Being pre-approved for a mortgage can enable buyers to keep a margin in a demand-sensitive housing market where sellers need a full guarantee of whether the buyer will have the money to back up their offer.
Once a buyer and seller agree on the terms of their property, they or their real estate agents meet at what is called the closing. This is the meeting where the down payment is made by the homebuyer or on his behalf to the lender. Once the down payment has been received, the contract stating all the terms is signed and the seller agrees to transfer ownership of the property to the buyer and receive the mutually agreed amount of money. Therefore, the buyer signs any other mortgage documents as needed.
Purposes and types of mortgage loan
A mortgage loan is obtained by borrowers for multiple purposes; however, all of the mortgage loan applications fall within the real estate sector. These loans serve as an aid in buying property. Some of the most common mortgage types and types include:
New home construction
This type of mortgage loan is extended to people who already own a piece of land and need financial support to cover the cost of building a mortgage. house on that earth. The disbursement of this type of mortgage is made in installments during the construction phase by appraisal of the Invoice Amounts (BOQs) submitted by the mortgage applicant duly audited by an approved appraisal agency authorized by the bank.
Purchase of land and construction
This form of loan is given to customers who are looking to buy land with the aim of building a house on that land. The disbursement of a certain amount of this loan is made on the purchase of the plot by the customer, and then the rest of the amount is released in installments during the construction phase by estimating the Invoice Amounts (BOQs) submitted by the mortgage applicant. duly audited by an approved rating agency authorized by the bank.
Home Purchase
As its name suggests, this type of mortgage loan is obtained for buying a house that is already built. This can either be a pre-owned house or in the other case a newly built one.
Renewal
This mortgage loan is extended to those who already own the home ownership, and need funding for renovation. The disbursement of this loan is made in two installments after the borrower has provided BOQs duly audited and authenticated by an approved rating agency authorized by the bank.
Home mortgage in Pakistan
A recent study by Pakistan Housing Finance revealed the fact that there is a healthy demand for home mortgage loans in Pakistan driven by upper-middle-class families in various cities of the country. The report studied 26 Pakistani cities and found that with the right products, systems, financing and less stringent conditions, lenders could possibly have around 500,000 new borrowers. The study set the probative value of the mortgage market at about $ 4 billion with growing inflows into the country’s financial system driven by favorable government incentives.
Various institutions in Pakistan offer mortgage loans. If you are wondering how to apply for a mortgage loan, all you have to do is trust the information on this blog and visit any of the banks that offer mortgage loans in Pakistan. Some reliable banks that offer decent mortgage products with unbiased terms are Bank Al-Habib, National Bank of Pakistan, Standard Chartered, Askari Bank and more. Some other forums where you can get reliable information about mortgage loans in Pakistan include:
Pakistan Mortgage Refinancing Company (PMRC)
PMRC is a Mortgage Liquidation Facility established by the State Bank of Pakistan to address the long-term financing limit in the banking sector and to promote housing finance to the fullest. PMRC serves as an assured source of long-term funding at competitive rates. You can visit the PMRC website to learn more about mortgage financing.
Home Construction Finance Company (HBFC)
Established in 1952, HBFC is the only housing finance institution in Pakistan set up by the Government of Pakistan. Its services are focused on providing funding for the housing needs of lower and middle-income citizens. HBFC serves through its deep-rooted and national footprint of 51 Branches serving citizens across the country.
Conclusion
Real estate mortgage loan in Pakistan has never been a popular choice historically. This is because Islam strongly prohibits both borrowing and lending money in exchange for interest, which means that borrowers end up paying a much higher amount against the figure actually acquired. Therefore, the majority of Muslims prefer to avoid typical mortgages when buying property. Instead, they go for alternatives like rent or rented houses.
However, in recent times, with government initiatives and incentives aimed at helping the lower middle class buy a home of their own, we have seen a significant increase in the number of mortgage loans obtained during the ongoing financial year.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Essential Info on Mortgage Housing in Pakistan
- Published in Housing Finance, International, Real Estate Guide
Two Beautifully Bespoke House Interiors In Moscow
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A combination of smooth and slatted wooden wall panels cleverly encloses the living quarters of these two beautifully tailored interiors in Moscow, Russia. The modern panel blends seamlessly into specially built storage units that contain TVs and bookshelves, and into material-compatible kitchens. The effect is sophisticated and personalized, bringing these comfortable home designs into the realm of luxury. Designer furniture fits right into the luxurious theme, in combinations of iconic chairs and contemporary concepts. Lighting is striking but elegant in a golden spherical shape or purely effected in a linear silhouette. We will discover a continuation of high-end style in beautiful bedrooms, chic staircase designs and luxurious marble bathroom inspiration.
Inside the master bedroom, a custom padded headboard extends to the ceiling seam. Latite wood panels are flanked on either side with a deep texture, and completely camouflage the door to the hallway. A large modern chandelier spreads wide over the bed, while delicate bedroom pendant lights illuminate the bedside tables.
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Two Beautifully Bespoke House Interiors In Moscow
- Published in Designs by Style, dream house, house, interior, Interior Decoration Ideas, Interior Design, interiors, International, moscow, russia
Build a house with a limited budget
Owning a home is often viewed as a dream. It happens to many people that the construction of their dream home exceeds their budget limits. In other words; it’s not in your power to build now everything you’d like your new home to have. However, this dream can be easily achieved with dedication and long-term planning.
There are many materials or construction techniques that are less expensive and can lower the budget by a few zeros. These tips and tricks can save you money while building a house in Pakistan. Therefore, it is safe to say that building a house with a limited budget is possible.
In this blog, we bring you a selection of tips and tricks that you can use to lower the overall costs of your house.
Before starting with the purchases, it is necessary to have a detailed calculation of the required materials and the exact quantities. This is important to avoid buying more: this involves a higher cost because there is no possibility to negotiate a reasonable price for a quantity.
Al saves money when building a house, you need to be properly informed. Only then will you know what to expect and be able to better manage your resources. Don’t go payment about hiring without knowing exactly what you want; this will only make you lose money.
Ideally, you should dedicate yourself to researching the professionals who carry out this type of project, their work history, what tasks they perform or what their main duties are. It is also necessary to find out their professional fees to deal with various options, compare prices and ultimately make better decisions.
One of the biggest secrets we can share with you to save while building a house is that you work only with honest, trained and experienced professionals. If you don’t, you’ll most likely end up dealing with construction errors that will cost you a lot of money in the long run.
Honest professionals (from architects to builders) will focus on helping you and avoiding wasting your resources. This means that they will not be with you out of sheer financial interest, as they are sincere, loyal and honest professionals.
Sign a fair contract with the construction company:
If you are determined to save money when you build a house, you need to be clear that the contract with the construction company can have a profound effect on your budget. Construction is responsible for most of your budget as it is usually up to 80% of the total budget in most cases.
There are other residual expenses, such as a geotechnical study. That’s why you need to make sure that you sign a fair agreement with the construction company so that you don’t end up paying more than the bill.
To do this you need to get advice from the architect and the surveyor, which is why they should be independent of the construction company.
It has become one of the most preferred elements to build modern houses. On the one hand, it saves costs by covering the walls with plaster or cement, and on the other hand, they have become one of the essential pieces of the industrial style and even the minimalist, in some cases. In addition, it is a very durable material that does not need maintenance.
Concrete blocks are in vogue and are a great choice to build your house. It is a cheap material made of cement, water, and sand; it is highly resistant to any environment. You can create great architectural designs with concrete, including spiral staircases and Roman columns.
Install constant insulation
Renewing insulation every two or three years is a big mistake because it will cost you a lot of money. Therefore, if you want to save by building a house, you should install permanent insulation on the thick work.
For example, the foundation could be covered with special waterproof paint and the walls with polystyrene or fiberglass.
The roofs could be covered with wooden or ceramic tiles, which overlap like tiles and which act as excellent insulating and waterproofing agents.
Environmental insulation is ideal for taking care of the environment, but we recommend choosing more affordable materials if you plan to save as much money as possible.
Trying not to put on good insulation to save on the work is typical. In the long run, you will get exactly the opposite of what you are looking for, as you will spend a lot more on air conditioning, in addition to unnecessarily damaging the environment.
Avoid excessive walls and doors.
Excessive wall construction, as well as the extensive installation of doors in your new home, can significantly inflate your budget.
Assess the possibility of hiring an open concept design mainly because you could spend more time at home in the future because of the severe health crisis we are experiencing because of Covid-19.
Avoid enclosed spaces when choosing constructions that offer you a greater sense of spaciousness and freedom. That way, you won’t feel trapped in your own home, and you will also save good money during the construction phase. Additionally, you will not have to make any reforms in the future that will also be favorable to your finances.
Because this is the most basic and essential part of any construction, experts do not recommend maintaining it. It’s better to invest in the desired amount using a perforated foundation, where unique columns are drilled into the ground and then filled with concrete. Then, a monolithic grid is installed above the ground. There is still a minus sign: if the soil has a different density in one place or another, there is a risk of collapse of some pillar. Therefore, soil analysis is done in advance.
There’s another great option – this is a streaked foundation. It has a great support area, which makes the foundation more reliable. The base will not crack while it is fully settled, even with a small landing.
Choose affordable and durable materials.
Choosing affordable and durable materials is also a great strategy to save money while building a home.
Be sure to choose the ones that suit the climatic conditions of the place where you will live, to be comfortable all year round in your new home. Bricks and concrete blocks are two great cost choices, and the best part is that they are more affordable than many other building materials. After all, it’s not about offering style, beauty and elegance when you build your home with cheap and durable materials. Keep in mind that you can achieve incredible results if you work hand in hand with high-profile professionals.
It’s a great way to get a perfect floor that is decorative and cheap: smoothed concrete. This is completely smooth to a uniform appearance. You can use it in a variety of ways. Mix it with a few tiles for a more fun touch. Another alternative is to mix the cement with colored pigments to have a different color. Finally, you can leave it with the base color of the cement to make it look perfect.
So, here are some things to look for when selecting yours to build a house on a limited budget in Pakistan. Read this piece and try to incorporate these tips into tricks to build your house.
If you have any other questions or suggestions, leave a comment in the comments section below, and we’ll get back to you as soon as possible.
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.
Build a house with a limited budget
- Published in Housing Finance, International, Real Estate Guide, Technology
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.
For more information on the real estate sector of the country, keep reading Feeta Blog.
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
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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
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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
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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
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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