Modern Interiors: Classical Art & Sculpture as Centerstage
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Classical art and sculpture steal a central stage in these three modern home interiors, adding time to overcome attraction and intrigue. The art pieces absorb a character into their modern surroundings, build a culture and create a secular, sophisticated air. One of our home tours combines these classic art pieces with a colorful eclectic setting in Manhattan, where huge and luxurious rooms are full of decadence. Our second home tour takes place under dramatic arches that frame a gathering of modern furniture, contemporary lighting and traditional mural painting. Finally, the third home design we will tour will lead us to the future, where classic art will become the backdrop for a striking futuristic kitchen design and unique geometric furniture and accessories.
The large hall is divided into two separate hall areas. Behind the room, an L-shaped sectional sofa arrangement, two striking upholstered lounge chairs and a low-profile bench chair make up a social, conversational arrangement. A powerful, muscular bust guards the seat, while a floral mural gives a delicate balance.
In the luxurious dining room, a large marble dining table comfortably serves eight dinners. The chic, curved dining chairs are the Platner armchair designed by Warren Platner for Knoll.
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Modern Interiors: Classical Art & Sculpture as Centerstage
- Published in #architecture, #interior design, architectural wonders, Architecture, Art, decor, Decoration, Design, Design Gallery, furniture, Furniture Design, Home Decor, house decoration, house design, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern, sculpture
Pros and Cons of Buying a Second Home
Real estate is most often a large investment. Having at least one property you own can reassure you that you will always have a roof over your head, as well as the flexibility to create the ideal home for yourself without having to worry about someone else’s contribution. However being able to branch out and buy a second property could also be very helpful, especially if you are lucky enough to have the money to make a deposit. There are certainly advantages to owning more than one property – but is it really worth it? Here are some pros and cons about it, and you can decide what works best for you.
Advantage: Additional Income
One of the main reasons why people will buy a second property is that they can rent it to someone else. This is a great way to pay off the mortgage and cover general maintenance costs, but you can also benefit if you estimate the rental price correctly. Whether you decide to hire full-time tenants or lease the property for vacationers, it can be a very lucrative endeavor. If you rent it to new tenants, talk to a real estate agency to help you advertise it.
Cons: Additional Liability
Renting your second property can certainly help improve your income, but with that comes extra responsibility as well. Before you go ahead with buying a new house to lease, make sure you consider all the duties you will have as a master. You will need to make sure the property is safe for any tenants or guests, and maintenance work such as fountain problems, electrical appliances, cleaning drains, problems with moisture, etc., will all be things you will need to organize and pay for as a landlord. You may also have to pay additional taxes on your second property.
Advantage: It is a Backup House for You
If you have tenants residing on the property, you will not be able to dispose of them without good reason or notice. However investing in a second home could provide a backup home for you if you want to leave your current property temporarily, or if you would like to help your relatives with a roof over their heads. Maybe you even plan to move into your second home when you retire. Whatever the reason, having a second home can be the perfect backup home for you if the occasion calls for it. You could even use it as your vacation home if you rent it to vacationers.
Cons: Distance
This only applies if your second home is a significant distance from where you currently live. The reason this is a problem is that it is difficult for you to look at a farm that is far away from you, and if your tenants living there ask for care help, it can be difficult. organize this remotely. If you are buying a second home, it may be worth looking at properties a little closer to home, so it is easier for you to manage it.
Owning a second home certainly has advantages, but it doesn’t come without its challenges. Consider the above points and consider whether owning more than one property is the right way for you.
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Pros and Cons of Buying a Second Home
- Published in International, Real Estate, Real Estate Investments, second home, vacation home, vacation rental
Light & Luxurious White Interior With Mirror & Marble Accents
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The apartment project “Stoned In Love” is a light and luxurious white interior accompanied by a mirror, metal and smooth marble accents. Displayed by Live In Design, the 87.3 square meter space in Bucharest, Romania, is a luxurious apartment full of exquisite decorative pieces and striking modern line artwork. Champagne gold finishes add just a hint of warmth to icy white backgrounds, while whispers of paler gray introduce a subtle hue. Luxurious bathroom design enters the realm of color under a fabulous pink tinted statement wall where the sweetness contrasts with heavy black elements. Find the complete floor plan included at the end of the home tour.
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Light & Luxurious White Interior With Mirror & Marble Accents
- Published in #architecture, #interior design, architectural wonders, Architecture Design, Art, art deco, bedroom design, creative, creative home design, decor, Decoration, Design Gallery, furniture, Furniture Design, Home Decor, house decoration, house design, House Tours, interesting designs, Interior Decoration Ideas, Interior Design, interiors, International, marble, metallic, modern
The Relaxing Quality Of Rounded Shapes In Interiors
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The rectilinear shape has dominated our modern homes for a long time, but it is curved shapes that more closely mimic our natural environment. Curved lines smooth our surroundings and calm our souls just as Mother Nature intended, so how can we embody this main theme into a modern interior space? These two contemporary home projects embrace and fuse curves into highly polished settings where a clear minimalist design reigns supreme. Pure linearity is always present, but the softness of round furniture silhouettes and racetrack decorative elements brings a consoling balance to every plan. Here we will explore the inspiration for the rounded shape in luxurious lounges, peaceful bedrooms and chic modern bathrooms.
Three unique dining room pendant lights make a spectacular display over the central dining island, hanging large drops of soft light along its length. An L-shaped kitchen installation occupies a corner at the end of the island, where a dark gray stone back spout connects with the surface of the island.
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- Display: Ivan Petechel & Kut Victor
Displayed by Ivan Petechel and Kut Victor, our second curved home design is a bright and welcoming space. A curved sofa surrounds a round rectangular coffee table in the living room, while a running dining table curves the furniture behind.
The curved dining chairs are the A new chair by Marija Ružić Vukmanić & Ruđer Novak-Mikulić for Craftsman.
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The Relaxing Quality Of Rounded Shapes In Interiors
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The Peaceful Joy Of The Japandi Aesthetic
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The peaceful joy of Japanese aesthetics shapes these three modern home interiors, forming cohesive living spaces, bedrooms and bathrooms. The combination of Scandinavian and Japanese decorative elements evokes a welcoming atmosphere that springs from warm neutral and natural materials. Practical arrangements are designed to serve and enhance daily life at home, ensuring easy operation and general tranquility. We will visit one family home full of natural light and soothing wood tones that also inspires a compact shared nursery. Later we arrive at a luxurious studio apartment of a couple with a quiet fusion of international and Japanese styles. Lastly, we will end up with a simple and elegant home with comfortable layers for quiet access.
Sunlight fills a double-level living room in our first Japandi-style home, creating a sense of positivity and well-being. The wooden platform base of a Japanese sofa perfectly matches the raised floor section to build one elegant line. Chabudai table and Zabuton floor cushions occupy the high position, with an elegant bookshelf providing an attractive and useful background.
The dining table is a built-in design that incorporates a large planter, bringing greens to the indoors. The dining chairs are the Armchair designed by Pierre Jeanneret.
Our second apartment is a 130 square meter detached house in Kyiv, Ukraine. The JP Residence was designed for a childless couple who wanted a quiet and comfortable fusion between international design and Japan’s unique aesthetic. In the living room, a long rectangular coffee table stretches in front of a sofa by Belle Reeve of De La Espada.
The home library has a custom ceiling bookshelf, designed by Men Bureau, which is constructed of wooden poles and marble planes that fit together without screws or bolts. Benchmark’s Muse Sofa extends its clean line into a side table at one end. The swinging arm lamp above it is Marset’s Gingerlight.
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The Peaceful Joy Of The Japandi Aesthetic
Grey And White Apartment Interiors With A Sunny Serenity
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Each of these apartment interiors was designed by 23Design to form a sense of solar serenity in the modern world. With a gray and white decorative palette, elegant contemporary furniture silhouettes and a minimalist approach, these two light-filled apartment projects reassure sanctuaries you can find after a day in the bustling city. The first interior we will visit has a false roof design that creates an open and sunny feel, even on a gray day. Properly built warehouses line the walls and contain a hidden doorway. The second serene gray and white interior has a solar boost with light yellow accents, and a glass wall home office that shares the distribution of natural light.
Measuring 115 square meters (1245 square feet), this apartment interior is located in a tall building that faces the Tamsui River in Zhuwei District of New Taipei City. Rainy days at the end of winter previously evoked a sad atmosphere in this place, but now every day is overshadowed by the light of a false skylight that extends over the study area and the walkway that leads to the kitchen.
Simplicity lines and limited colors make for a no-frills space that feels peaceful. Black and dark gray accents sharpen the aesthetic with a balance of bold moments. Scattered cushions on the sofa arrange a trilogy of tones in light gray, dark gray and vibrant yellow. A coordinating yellow ottoman makes a solar extension to the couch, which also serves as a window seat.
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Grey And White Apartment Interiors With A Sunny Serenity
- Published in #architecture, #interior design, accent furniture, Architecture, Architecture Design, creative home design, decor, Decoration, Design, Designs by Style, grey, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern, Uncategorized, white
Mellow Modern White Interior With Earthy Accents
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Earthy green and brown accents pepper this soft modern white interior to evoke moments of warmth and freshness. Displayed by 振宇, a quiet sense of well-being and zen is born from an inner courtyard space next to the home workspace, and inner planters in the sunroom. Home accessories and wall decorations are minimal, leaving the contemporary furniture and the home layout to give the house its style and purpose. A huge free floor plan is subtly sectioned by a medium-height television partition, while built-in storage lines line the white walls. Bedrooms are large and luxurious with interesting textured wall treatments and relaxed mood lighting.
Built-in warehouses join quietly with the white-painted walls of the living room. A backlit bookcase provides a dark contrasting moment at the sofa. A brown scattered cushion brings a matching accent to the sofa, which is a two-tone ivory and sage cross-sectional composition. Houndstoth cushion and matching throw add a bold bolt of black and white pattern.
The desk chair is the Cesca President designed by Marcel Breuer in 1928, and named after his daughter, Cheska. The design was purchased by Knoll in 1968.
An abstract arrangement of cupboards, cupboards and shelves forms a striking volume in the next bedroom. A round carpet compensates for the linearity of the storage cube and the modern platform bed. The wooden panels form a wonderful enveloping wall and ceiling, which is accentuated by warm atmospheric light.
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Mellow Modern White Interior With Earthy Accents
- Published in courtyard, House Tours, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern, white
Read This Before Deciding You Want To Invest A House
Invest A House, Flipping houses is an investment strategy that more and more people are exploring. Some renovate the property to make a ready profit, while others use real estate to manage rental properties such as Airbnb.
Regardless of the reason, you would make such an investment, you need to be prepared for the amount of research and work ahead of you. It works great for turning a house, so make sure you read this before taking out a loan and starting such a big project.
Study the Housing Market
Overturning a house is not just about renovations. You want to have a clear understanding of the local housing market.
Find out which areas of your area are thriving and which might be too expensive or, on the other hand, unlikely to move. In real estate, neighborhoods are divided into different classifications based on income and real estate value.
The richer neighborhoods are labeled as Class A while poorer neighborhoods belong to Class D. You can save money by focusing on Class C and D neighborhoods for your initial investment, but there are other factors to consider, such as higher premiums from lenders.
Set yourself up with a Budget
If you are looking to buy a house for flipping, it is more than an investment in your future. It is an investment in a company.
As with any entrepreneurial idea, you will want to have a full and comprehensive business plan that includes your budget. Ask yourself a few key questions about what your budget might look like.
- How much money can you give to a down payment?
- How much money do you have readily available in exchange for what you may need to borrow for a loan?
- Can you pay all the renewals until you have funds from your lender?
- How much do you intend to earn by reselling the house after renovations?
- How long do you plan to take for the renovation and repair process?
- What amount of money are you able and willing to allocate to each part of the house, both internal and external?
Here are just a few of the questions you’ll want to consider when you start planning your budget. There could be other valuable considerations, such as whether you will have a partner in your investment, or whether you have experience as a contractor and may be able to do some work yourself.
DIY Where You Can and Hire When You Need To
Investing in a house does not mean that you have to try to do all the home renovations yourself. There are times to hire a professional to perform some difficult tasks, such as roof repairs, plumbing or electricity.
This is especially true if you have minimal to no experience with these activities. However, there are some ways to improve the home for resale that do not require the extra cost of labor and can save you money on your overall renovation budget.
It means to be created. False stone panels, for example, are an affordable way to replace the mess, labor, and excessive cost of traditional masonry.
You will still have the aesthetic value of an enhanced stone, but this is a simple solution feasible on its own for a few hours. You just need a little patience.
Start Talking to Entrepreneurs Now
Hiring a contractor for various renovations does not need to be a single proposition. You may want to start a network with local plumbers, electricians, roofers, and other service providers from whom you can apply for competitive bids.
Although you may have to lower the cost to meet your budget, you don’t necessarily want to accept the lowest bid you receive. It takes time to review reviews, testimonials, and licenses from each of the people you examine for possible employment. Start the process early so you can build these relationships over time.
We get that you might get excited about turning your first house. However, there is much to consider other than the eventual resale or rental of the home. Start doing your research now before you sink into deep debt.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Read This Before Deciding You Want To Invest A House
- Published in flip, International, Real Estate, real estate investment, Real Estate Investments
Top Scenarios for Real Estate Investors to Find Motivated Sellers
To invest in real estate, you must first purchase some property. With the constant movement of people, locating a house for sale is the simple part. As a real estate investor, you want to focus your efforts on identifying homes with motivated sellers to discover amazing deals. Hence the main goal of real estate investors is to look for motivated sellers or owners who have an urgent need or desire to sell.
While motivated sellers are not the only option to acquire real estate, they are one of the most effective methods to acquire difficult real estate or capture a great deal. In this article, you will discover how to find real estate to invest in motivated sellers.
What Is a Motivated Seller?
Developing the ability to identify motivated sales leads is a skill that every real estate investor needs to develop. A motivated seller is an individual or company eager to sell a property they own. Someone who has a serious motive to sell their property is a motivated seller. It is a common misconception that offering low prices, significant discounts and flexible financial terms encourage customers to bid on items they want to buy.
For all types of real estate investors, motivated sellers represent an abundant source of investment capital. For example, when I want to sell my house fast, an investor can make a larger offer. When sellers rush, they may devalue their property and accept investment services. Timelines can range from selling the real estate quickly to negotiating alternative financial terms such as raising money in advance and repaying the balance over time.
Types of Incentive Real Estate Sellers
Here are the best situations when you can deal with a motivated seller and get a good deal with the investment property:
- Execution
A homeowner may be in danger of losing his or her home as a result of a foreclosure. When a homeowner is unable to pay, the lender may compel the sale of the property by foreclosure auction, in order to repay the debt. Although it represents a quick way for the lender to recoup their investment, it is a terrible option for the homeowner, as the auctions usually result in lower selling prices. In addition, it leaves a stain on the credit of the borrowers, so they usually want to avoid it at all costs. They will usually try to sell quickly to prevent foreclosure if there are no other means to save their home. This is the best time to negotiate with a motivated salesperson and invest in the pre-execution houses.
- Property With Delinquent Taxes Or Changes In Taxes
Changes in tax laws were often important reasons to sell. When tax laws are changed, investors may have to respond quickly to prevent increasing their liability or making the property less attractive to prospective buyers. Keep in mind that an increase in interest rates can have a similar effect.
In addition, the solution for motivated sellers to pay delinquent taxes is to sell their property. The most typical method of selling a house with free property taxes is to repay the taxes with the sale proceeds. There you would go.
At closing, the proceeds of the home sale will be applied to the mortgage and then to the withholding. A closing attorney will check the transfer to make sure all taxes are paid in full. After closing costs and real estate fees, any remaining amount will be delivered to the seller.
- Comprehensive Repair
When property deteriorates, the owner may not be able or willing to invest in renovations. They would rather sell their home soon and in its current state. Millions of distressed properties are available, whether due to delayed maintenance, property age, vandalism, flooding, storm damage or fire. Fines, costs and violations associated with these concerns can be costly to fix.
- Relocation
Career changes, job loss or relocation of an employer are all mandatory reasons to sell a house. Few people have significant savings to endure dry seasons or handle two mortgages. Encouraged sellers will list the properties on the free market and anticipate an immediate, complete monetary closure. You can take advantage of this opportunity to invest with a discount from the motivated salesman.
Conclusion
Attending open houses, selling properties or collaborating with a local real estate agent can help you locate motivated sellers. Suppose a home was on the market for the given situation. In that case, the seller might be more willing to negotiate a lower price. Consider the ideas mentioned here as you plan and prepare to invest in your chosen property.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
Top Scenarios for Real Estate Investors to Find Motivated Sellers
- Published in International, motivated sellers, Real Estate, Real Estate Investments
Clean-cut White Marble and Wood Accent Interiors
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Uncut white marble and wood accents form these two interiors into chic modern living spaces. The laconic material palette builds cohesive spaces that are peaceful, soothing and unpretentious in their elegance. First, we look at a home where mixed material panel walls build an elegant TV and a striking hooded wall. The second home design offers beautiful inspiration for built-in furniture, including a suspended TV cabinet, a built-in window seat with storage and a neat double workspace layout. Each home design creates a coherent color palette through the defined material selection, to form comfortable environments that flow with a luxurious undercurrent.
The shower door has a wooden end that merges quietly into the wooden grain wall. The front entrance door is lightly protected behind a narrow wooden lath room partition, which gives the neighboring kitchen and dining room a sense of privacy from thresholds. The panels also provide room for coat hooks to be mounted by the door.
Marble and wood wall panels add an attractive texture to the bedroom feature wall. A single bedroom lamp gently illuminates the grain and the bedside unit. Combination title = “50 Uniquely Cool Night Lamps That Give An Atmosphere To Your Sleeping Space”> Night lamps illuminate the other side. These are the Crescent light hanging
and
Lunar table lamp designed by Lee Broom.
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Clean-cut White Marble and Wood Accent Interiors
- Published in #architecture, #interior design, architectural wonders, Architecture, decor, Decoration, Design, Design Gallery, design objects, Designs by Style, Featured, Home Decor, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, marble, white, wood
Real Estate Inspection Supervisor for Real Estate Investors
When buying an investment property, you may be inclined to skip a professional Real Estate inspection, especially if you are planning to renovate the property. However, a home inspection is just as important for investors as it is for homebuyers.
A home inspection can tell you if there are serious problems with the house that will need a lot of attention and could cost you much more than you planned to spend for the renovations or your investment. If the inspector finds problems with the house, you can ask the seller to lower the price or give you a seller credit to go to the repair costs.
As an investor, there are a few things you would be very careful about during the inspection. Below we’ve listed the main areas to inspect to make sure you’re investing in the right property.
Water pipe
Problems with plumbing can be a major headache, especially if you are not experienced in fixing plumbing problems. With a network of pipes and valves, you definitely want an inspector to check the pipes and water pipes. Repair costs of plumbing can add up very quickly, as plumbing is something you would probably want to professionally repair if necessary.
Foundation
If there is a problem with the foundation of the house, such as a crack in it, you will look at extremely expensive repairs. Adjustments to the foundation are the most expensive repairs you could make to a property. Many investors will leave if there is structural damage related to the foundation and look for another property.
Sometimes fundamental problems can be identified with the naked eye, but other times an inspector will be the only one who will notice them.
Roof Damage
Replacing a roof is the second most expensive repair a property could require. This repair could cost you up to $ 20,000. So, before you prepay an investment property, make sure that the roof is in good condition and remains for many good years.
Roof damage is not always a reason to back out of a new real estate investment, as it can be repaired to extend the existing roof life by many years. If the inspector does find any damage, make sure a professional roofer repairs it as soon as possible.
There are always companies nearby that can professionally repair your roof and extend its life at a reasonable cost. Simply search for your local business channels for such companies. For example, someone living in Texas just needs to search Pearland roof companies to find the right professionals to take care of these services.
Important Devices
As an investor, you will probably replace the oven, refrigerator and dishwasher and redo the bathrooms. However, your inspector should check the most important devices that you replace less often. These include the heating and air conditioning units or systems, electric fireplaces and some recreational appliances such as whirlpools and jacuzzis.
Mold
This fungal growth may seem harmless, but it can cause a lot of damage to a property (and its occupants) if it is not carefully cared for. When mold grows, it could cause rot and weaken the structure of your home. Not to mention that the presence of black mold could cause serious complications for your health.
If your inspector finds problems with any of these parts of the property, consider moving to another property or renegotiating the agreement with the seller.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
Real Estate Inspection Supervisor for Real Estate Investors
Extraordinary Home Concept With Artistic Interior Design
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Fabulous originality and inventiveness went into the creation of this extraordinary house design. Displayed by UDesign, this house is not only a luxury home but an artwork. From the exterior entrance of the home with its drastically lined trees to the burst of color that awaits behind the door, this unique apartment is designed for someone who loves to entertain, impress and who enjoys the joys and discoveries of art. The tropical landscape also plays an important role within the magnificent interior, where it taps against edge-to-edge windows and translates into sculpted indoor plants. The greenery joins a powerful palette of glitters that paint vibrant and uplifting settings.
Massive multicolored artwork dominates the luxurious living room, where it inspires the color palette of an unusual selection of living room furniture. A delightful sofa design sets up a sculptural implication of a bright fuschia through a lounge area next to the fireplace. Ocher accent chairs flutter the yellow flames of a long modern fireplace.
A sculptural bathtub forms the heroic piece of the luxurious bathroom design. Dark eye sockets wind from the sides of the modern slipper bath, mysteriously reflecting the light and the room. Black glass doors obscure two private toilets on either side of a double shower, where huge rain showers glow with a soothing color-changing LED light.
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Extraordinary Home Concept With Artistic Interior Design
- Published in #architecture, #interior design, architectural wonders, Architecture, Architecture Design, artistic, colorful, decor, Designs by Style, Featured, Home Decor, house design, House Tours, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, Investing In Best Deals, Investments
Five Fun & Fabulous Studio Apartments Under 30 Sqm
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From fun to fabulous, these five modern studios showcase a variety of color palettes and creative arrangements to complement and maximize small spaces. Studio apartment design number one is a complex white and brown tone apartment with a bold glass bathroom design and built-in blocks that define each zone in the open layout. Extreme black and white, pale gray and natural elements make up the curly interiors of Scandi-inspired apartment projects two and three. An explosion of colorful and botanical introductions forms the fourth, while aqua blue and yellow accents brighten things up at our final stop. Detailed floor plans are scattered for reference.
Rich brown accents warm up the pale gray and white decor scheme of our first studio apartment. Built-in storage blocks, various floor height and design elements define zones within the small layout, from an elevated bedroom platform with a bedside storage wall to a glass projected kitchen with enveloping track lights.
The elegant lounge chair is the Armchair this was designed by Pierre Jeanneret in the 1950s.
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Five Fun & Fabulous Studio Apartments Under 30 Sqm
How to Get Started on Real Estate Investing Despite Less Than a Perfect Credit Score
The US housing market has gained value around $ 2.5 trillion in the year 2020, more than any year since 2005. The strong demand and record low mortgage rates have been the main reasons behind this growth in the market. This could be the golden period for investors who want to start Real Estate Investing.
A low or bad credit score can become a hindrance for many investors buying real estate. So, does that mean you should abandon the idea of investing? NO!
There are many other options for investors to start investing in real estate despite a less than perfect credit score. Using the following investment strategies, investors can build capital through alternative financial sources and have better investment opportunities.
Real Estate Wholesale
If you want to invest in real estate but can’t build the required capital due to a slightly lower credit score, then real estate wholesale can be a great option for you. Real estate wholesale allows you to make significant profits without having to buy an investment property.
Grocery real estate is completely different than flipping houses. You need to test your marketing skills and communicate effectively with everyone. Skiing how to make connections as a real estate investor will help you play the game of real estate wholesalers.
How Does Real Estate Grocery Work?
No investment or funds are required to start a grocery store, so your credit score is insignificant here. Mainly three parties are engaged in real estate wholesale: seller, wholesaler and buyer. Let’s take a look at the following example to better see how wholesale works:
- You find a seller who is willing to sell his property at a discounted price. After some negotiations, you form a contract with the seller to purchase the property at a price of $ 90,000 and with the terms agreed upon.
- Then take advantage of your networking skills to find a potential buyer or investor looking to buy a property to invest or invest in wolf ownership.
- Using your marketing skills, you convince the buyer to purchase the property at a price of $ 100,000, assuming all the conditions specified in the purchase contract.
- Now you take the $ 100,000 from the buyer and give them the ownership of the house. Give $ 90,000 to the seller under the purchase contract and the remaining amount of $ 10,000 is your net profit from the deal.
Investors can earn anywhere from $ 5000 to $ 30000 with real estate wholesale. The key here is to build capital with smaller profit margins.
Go for Hard Loans
Asset loans are a great way to start investing in real estate. Lenders look beyond your credit score and give loans based on the post-repair value of the house’s offer as collateral.
Hard cash loans are short-term loans lasting for 6 months and up to 2 years. This is ideal for an investor looking for funds to buy an investment property, renovate it and turn it into profit in a shorter time.
La interest rate on hard money loans are higher compared to conventional loans due to the higher risk involved in real estate investing. The typical interest rates on difficult cash loans range from 7% to 15%.
Because the property is the only protection against default, lenders force you to pay anywhere from 10% to 50% of the loan amount on the down payment. The down payment is calculated based on the Loan-to-Value (LTV) ratio of the property. It may vary depending on the lender and the estimated value of the property.
For example, if you are willing to buy a property worth $ 100,000, then a hard money lender will offer a 90% LTV connection. That means the total loan amount will be $ 90,000 and you will have to pay the remaining $ 10,000 for the down payment.
Advantages of Using Hard Loans for Real Estate Investment
1. Simple Signature and Less Documentation
Unlike the process of traditional lending by lenders, hard money lenders are not looking for your credit score, credit history or debts. An asset is a major qualification for difficult cash loans. This makes it easier for investors with a not so perfect credit score.
Documents such as a purchase contract, two forms of identification, a preliminary title report, proof of finance and insurance are enough to get a difficult loan.
2. Quick Lending and Approval
Thanks to the simplified control process, investors can take advantage of a difficult loan within a few days or a week. This allows you to build capital in a short amount of time to capture a lucrative investment opportunity.
3. Flexible Conditions
Hard cash loans are given by individuals or a group of private investors and they do not conform to any guidelines, which means you can take advantage of flexible terms. You can negotiate with lenders on loan terms, repayment schedule and other terms of the loan.
Approach Private Lenders
Another option is to approach private lenders to finance your real estate project. Private lenders can be your friends, relatives, business partner or anyone looking for a return on their investment.
A strong investment plan and the potential returns are the ones that private lenders are looking for by lending to you. So no matter if you have a bad credit score, private lenders can still lend to you.
Private lenders do not follow specific guidelines or rules and regulations. They give you a loan with their own money, so you can negotiate on terms like an interest rate or a repayment period with the lender. The key here is to compensate well to the lender to get the best deal.
When you have bad credit, you will have to try to convince a private lender to give you a loan. You can form a partnership with the private lender, where the benefit can be shared in equal parts, agree to pay them a specific interest for a defined period or offer to pay loan points to seal the deal.
Select Seller Financing
Seller financing is also known as owner financing or purchase money mortgage. It allows you to sign a mortgage agreement with the seller instead of applying for a loan from a financial institution.
From a seller’s perspective, financing your purchase makes it easier to sell the house. This also allows a seller to collect monthly payments for an offer to finance your purchase.
A buyer usually has to sign a payment letter to take advantage of a seller to finance. The promissory note indicates the interest rate, repayment schedules and details of non-payment. These types of loans are generally repaid over 30 years with a balloon payment at the end of the loan.
Advantages of Using Vendor Financing
- A seller will finance your purchase ignoring the fact that a bank or other traditional lenders have refused you. That makes it a great alternative to bank mortgages.
- There are no credit checks or income checks involved in the loan process. A buyer can take advantage of this strategy to start investing in real estate despite a low credit score.
- The terms of the loan are flexible and fixed between the buyer and the seller. So the interest rate, down payment or monthly payments have room for negotiation.
- Because there are no controls, vendor financed loans can be obtained quickly. The closing process of selling financing is relatively cheaper.
Conclusion
The great thing about real estate investing is that it doesn’t need you to have deep pockets or a perfect credit score to get started. Everyone has an equal opportunity to build their wealth by investing in real estate.
Having a less-than-perfect credit score cannot prevent you from buying an investment property. You can choose alternative financial sources to make your first purchase and start investing in real estate.
Alternative financial sources are more flexible with their loan terms and may be more convenient for an investor in terms of repayment.
Your knowledge of the field, marketing skills, effective communication and ability to make connections will open doors to more investment opportunities.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
How to Get Started on Real Estate Investing Despite Less Than a Perfect Credit Score
Luxury Open Concept Home With Pool & Party Room In Brazil
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Located in a residential area of São Paulo, Brazil, the project concept for this 1280 square meter luxury home began with the pool. Designed by Matheus Farah + Manoel Maia Architecture, this luxurious home design centers around a huge pool that is visible from most rooms in the house, where the easy indoor-outdoor lifestyle is given. The architecture of Ibsen House was created to facilitate shared moments and connected living through impressive large sliding walls, while also providing intimate privacy. The most private space of the home is located underground, where special neon light and acoustic treatments form the Red Room, the best festive hiding place.
A volume of wood is suspended above the kitchen dining room. Its solid wooden facade is replaced by two sets of double shutters to reveal a modern home office space. To preserve the interrupted wooden block appearance, the ceiling of the home office is also entirely wooden. Bookcases draw color across the back wall.
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Luxury Open Concept Home With Pool & Party Room In Brazil
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Habits of successful Real Estate investors
Investing in real estate there is no piece of cake. If you are new to real estate investing in Pakistan, you may find it difficult to get started real estate in Pakistan. Many newbies disagree on starting, how much you need to invest and what things you need to consider in a property before buying it.
You may also notice that some people around you are real estate gurus. They are constantly investing in real estate, diversifying their portfolio, investing in houses or managing rents perfectly.
But, how do these work real estate gurus know how to invest in real estate and earn great income. Well, there are some habits of successful RE investors that they follow religiously.
In this blog, we will discuss the habits of success RE investors that helped them stand out in the crowd.
So let’s get started.
Market dynamics:
There is only one side of the market, and it is not the bull side or the bear side, but the right side.
~ Jesse Livermore.
First – you need to understand the real estate market and how it goes up and down. Without a good knowledge of the market, you will not compete and succeed in the market real estate market. So, before putting your little earned money into the market, make sure that you do your research and diligence about the market and how it works in Pakistani society.
For example, if you want to buy a piece of land, research first. Try to explore as many areas as possible. Make a study of that area. Try to know the prices in the region. Calculate the investment and options. Ask about the area and make sure the development authorities approve your purchase of that area.
Don’t ignore the uncertainty:
“Leave it for sure. The opposite is not uncertainty. It is openness, curiosity and a willingness to embrace a paradox instead of choosing sides. The ultimate challenge is to accept ourselves exactly as we are, but never stop trying to learn and grow. “
– Tony Schwartz.
Like all other business and investment opportunities in Pakistan, real estate also comes with risks and uncertainties. High interest rates come with great rewards, but you have to think strategically if you want to stay away from problems and financial losses. With well-informed decisions and sound strategies, it is effortless to mitigate risk in real estate.
Patient:
Patience is the key to success. Quick decisions won’t get you anywhere, and most likely you’ll end up with financial losses. To protect your hard-earned money, make sure you take calculated steps and well-informed decisions. Patience not only saves you from losses but also exposes you to many new business opportunities and avenues.
So make sure you don’t jump on the first property that comes your way, and research before making the final decision.
Limit your emotions:
Before doing anything investment in real estate, make sure you consider facts, not emotions. One of the best habits that all real estate investors have is that they can separate emotions from trading. In short, their decisions are based on hard concrete facts and projections, not on emotions and subjective information.
Plans:
Plan your investment decision. A plan is important because it keeps you on track, and you don’t have to waste your time, energy, and resources moving back and forth randomly. For example, if you have finished a piece of land, think about what you can do with it. What things will you change, and what will you add or remove?
Ask yourself as many questions as possible and plan accordingly.
Keep up to date:
Keep learning about the entrances of real estate. Education is one of the easiest and best ways to succeed in real estate. By visiting education, you will be able to know everything about market changes and trends. As a result, you will be far ahead of everyone else in the market, and as long as you continue to learn, you will continue your success.
Don’t forget your work ethic:
“A man without ethics is a wild beast released on this world.” ~ Camus.
Be honest with yourself and the people associated with you in the business world. Keep good morale and a strong image because, in real estate, word of mouth is very important. All successful real estate investors have built trust with the people around them, and it is precisely that sense of trust that helps them grow.
References:
“People influence people. Nothing affects people more than a recommendation from a trusted friend. Reliable forwarding affects people more than the best broadcast message. A reliable referral is the Holy Grail of advertising. “
~ Mark Zuckerberg.
Never underestimate the power of references. Period. All successful traders and investors always encourage recommendations. Recommendations are the perfect way to contact any friends and family of real estate investors and previous or current clients.
Specialize in a niche:
If you want to stand out in the crowd and take all the glory, develop a niche. A niche will allow you to better target and focus on people to meet specific needs.
Delegated tasks:
It is not simple to perform all the tasks yourself. All wise investors have the habit of delegating their duties to others. For example, many successful investors need management help features. However, it would be useful if you remember that getting help does not mean disengaging or cutting yourself off from the business.
Build a network:
“Networking is an investment in your business. It takes time and, when done correctly, can yield excellent results over the coming years. “- Diane Helbig.
Interconnection is one of the most important things in real estate. A massive portion of the real estate sales depend on interconnection. All successful investors place particular emphasis on building relationships with the people involved in real estate. Networking provides you with opportunities and new income for the growth and development of your business.
Don’t neglect your partners:
Last but not least, successful real estate investors make their partners happy. In real estate, the partnership is essential because of the amount of capital invested by different partners. For smooth and stress-free investments, you need to work together to achieve a successful business and investment operation.
So these are some of the habits of successful RE investors. Go through these positive and effective habits and try to understand their usefulness in the real estate market. Try to implement these strategies and practices in your company and see the results.
If you want to ask questions about the habits of successful investors, please leave a comment in the comments section below, and we’ll get back to you as soon as possible.
Until then,
Happy investing!
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Habits of successful Real Estate investors
Unique & Colourful Interiors For Creative Home Owners
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While the soothing serenity of neutral decor has its place and peaceful function, it is also a time for color, personality and the unexpected. Today we take a look at three amazingly unique and colorful home interiors that communicate strange creativity and delightful fun. Our first prominent home interior is a vibrant purple ibiza cushion with futuristic curves and fashionable terrace decorative elements. We are moving alongside Russia, where an interesting interior decoration scheme includes the rainbow in a small studio layout. Finally we climb to new heights of color embodiment in a home with a tailored red spiral staircase and green courtyard, and a host of modern furniture compatible.
Located in Ibiza, Spain, this unique and colorful home design measures 300 square meters. Inspired by the extraterrestrial landscapes of Lanzarote combined with the naturally bright colors of Ibiza, a bright futuristic interior was created. Lilac walls, a purple sofa and a matching ottoman give the space a vibrant basic color, while bright blue accents and a bold earthy plot enrich the scheme.
The bedroom area of the studio apartment is revealed behind a sliding bright orange screen. The interior of the bedroom is an unsaturated decorative pattern only gray and white. The purple kitchen cabinets continue down the hallway of the home, where they create a bright first impression at the front door. Textured area rugs match a comfortable color throughout the living room floor.
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Unique & Colourful Interiors For Creative Home Owners
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Do Foreigners Own Land / Property in Pakistan?
Property in Pakistan, land is a provincial issue with different regulations governing land acquisition in each province. Generally, any foreign national who has received permission from the Ministry of Internal Affairs (Federal) and the respective provincial government can acquire land according to his capacity. In addition, if a company is affiliated with the Securities and Exchange Commission of Pakistan (SECP), a foreigner can own land.
Specifications
- Upper Limit
In addition to media, banking, agriculture and airlines, the government imposes upper limits on investment. - Lower Border
There is no ‘minimum’ amount set for investment in equity ownership in all permitted sectors. - Strangers can get 100% foreign ownership in all sectors except the areas mentioned in the upper limit.
- According to the sixth clause of the Foreign Private Investment Act 1976, for advertising and investment protection and the procedural requirements defined by the Handbook of Changes of State Bank of Pakistan (SBP) 2002, foreign investors retain the right to repatriate their funds, whether acquired profits or their dividends, in the original currency of the respective state from which the investment was made.
- Foreigners may appoint authorized banks or merchants to repatriate profits/investment income/dividends through an appropriate banking channel.
- Regarding portfolio investment, foreigners must open a Special Convertible Rupee Account (SCRA) in any local bank to extract their dividends and sales income. They can invest in all securities listed on the Pakistan Stock Exchange.
- According to the regulations of the SBP and SECP, foreigners can access domestic borrowing according to the Debt Equity Report.
FDI field in Pakistan
Since the last decade, Pakistan has been receiving a healthy and consistent flow of foreign investment from Asia, America, Australia, Africa and Europe.
In July 2021, the SECP reported 1,949 incorporations of new companies, with a total amount of 147,842. In these registrations, the construction and real estate sector tops the list.
Finally, for the promotion of FDI, the government ensures optimal treatment of foreign investment. The Economic Reform Protection Act of 1992 and the Foreign Private Investment (Advertising and Protection) Act of 1976 provide “No Less Favorable” treatment to foreign investors compared to National Investors in similar circumstances. With growing trends in investing as SECP assimilates more and more companies, now is the perfect time to invest in Pakistani real estate.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Do Foreigners Own Land / Property in Pakistan?
- Published in Construction, International, Real Estate, Real Estate Guide, Real Estate Info Bank
Mood Boosting Blue Accent Decor
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Sailing close to neutral but with a wavy rise of blue hues, these two modern home interiors are serene and humorous spaces. Featuring a range of complementary tones, from bright cobalt to pale pastel, blue decorative details give a modern palette full of positive personality. Looking beyond the colorful story, we explore room interiors that are with contemporary furniture and balanced with a classic infusion of chic wall. Gray, white and wood tone make quiet companions for blue elements in our first home trip, while our second home project is injected with contrasting bolts of yellow that help exaggerate the predominant blue theme.
Located in Moscow, Russia, this 54-square-foot home is a modern space that is colorful with a serene spectrum of blue, pale gray, white and light wood tones. Bright cobalt blue cushions add vibrant colors along a gray upholstered sofa, while pastel blue paint wraps a classic panel molded feature wall with an unusually camouflaged door.
The inviting reading chair is the Imola chair by Henrik Pedersen for BoConcept.
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Mood Boosting Blue Accent Decor
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Can Foreigners Acquire Land Ownership Rights in Pakistan?
Yes! Foreigners can become owners of land after the company is registered with the Securities and Exchange Commission of Pakistan (SECP). However land is a provincial issue in Pakistan and land acquisition rules vary from province to province. Generally, foreign nationals can become landowners individually with the permission of the Federal Government (Ministry of Home Affairs) and the relevant provincial government.
All sectors and activities are open to foreign investment unless specifically prohibited or restricted for reasons of national security and public safety. Note that specific limited industries include weapons and ammunition, explosives, radioactive substances, securities, currency and usable alcohol. There is no minimum limit for foreign equity investment in any sector. There is no upper limit for foreign equity stocks to invest in sectors other than airlines, banking, agriculture and media.
Foreign investors in any sector will be entitled to return profits or any other funds in the country’s currency at any time when the investment has been made.
According to Section 6 of the Foreign Private Investment (Promotion and Protection) Act, 1976 and in accordance with the Manual of Foreign Exchange, 2002 of the State Bank of Pakistan, the procedure for foreign investment is subject to rules and regulations. Foreigners are entitled to 100% property rights, except in certain areas of the airline, banking, engineering, agriculture and media.
Pakistan’s existing laws provide full incentives and facilities for foreign direct investment as well as portfolio investment in the country to increase foreign exchange earnings. Non-resident investors of locally incorporated companies are entitled to return profits/profits and divestments and appoint authorized traders/banks to repay the profits/divestment income through the banking channel.
For portfolio investment in Pakistan, foreign investors can invest in securities listed on the Pakistan Stock Exchange by opening a Special Convertible Rupee Account (SCRA) with any bank in the country. Changes and refunds of other fees are also permitted in accordance with currency rules. and regulations.
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Can Foreigners Acquire Land Ownership Rights in Pakistan?
- Published in Economic Zone, ECONOMY, International, News, News & Updates, News and Update, Real Estate, Real Estate Guide
Required NOCs and Approvals for CDA Jurisdiction Housing Projects
The Capital Development Authority has published a comprehensive list highlighting all approvals and Certificates Without Object (NOC) required for the process of investment and development in Pakistan’s real estate market.
Feeta.pk brings you a list of required documents for NOC / approvals for a project in a plot of approved housing. It is as follows:
- Ownership Documents:
- Grant Letter or Certificate
- Possession Letter
- Demarcation Certificate
- NOC and Approved Layout Plan of Housing Scheme.
- No Object Certificate (NOC) by the authority to Process the construction Plan approvals in CDA.
- Approved Layout Plan.
- Letter of approval from Project Control Committee (DVC).
- Approved Letter of Construction Plans.
- Approved Construction Plans controlled by the Competent Authority.
- Certificates for third exams:
- Certificate of Control Structural Project
- Mechanical, Electrical and Plumbing (MEP Certificate)
- Fire Extinguishing Certificate
- Access Road Approval (In case of CDA main avenues & Astride Roads).
- Approved letter from National Highway Authority (NHA) (In case of GT road).
- Altitude of Free Certificate of Civil Aviation Authority (if in the vicinity of Airport or to reach maximum altitude).
- Useful Connection Approval:
- Approval letter from Sui Northern Gas Pipeline (SNGPL)
- Letter of approval from Islamabad Electric Supply Company (IESCO)
- Letter of approval from Water Supply System
- Approval letter for Fire System.
- NOC / Environmental Approval of Pakistan Environmental Protection Agency (PakEPA).
- Construction Complete Certification.
For more information on the real estate sector of the country, keep reading Feeta Blog.
Required NOCs and Approvals for CDA Jurisdiction Housing Projects
CDA Requirements for Real Estate Project Approval Documents
The following documents are required for approval of a real estate project on non-governmental land under the jurisdiction of the Capital Development Authority (CDA).
Possession documents
Individual – Certified by Patwari or Tehsildar
Share Image – Certified by Patwari or Tehsildar
Evidence of no return
Initial Planning Permit of CDA Planning Wing
Approved layout plan
Letter of approval from the Project Inspection Committee (DVC)
Approved letter of construction plans
Certification Certificate of Structural Design
MEP Certificate – Mechanical, Electrical, Plumbing
Fire extinguishing certificate
Access Road Approval – In case the project is close to a main highway or road
Permission from the National Highway Authority – provided the project is accompanied by GT Road
Civil Aviation Authority (CAA) clearance certificate – provided the project is connected to the airport or is a multi-storey building
Construction Complete Certification
Environmental Approval of Pakistan Environmental Protection Agency
Approval letter from Sui Northern Gas Pipeline (SNGPL)
Approval letter from Islamabad Electric Supply Company
The license of the water supply system
Documents required for a construction project in an approved housing plan
Possession documents
Certificate testimony
Transfer permission
Demarcation certificate
Approved NOC plan and housing plan
NOC of the Authority
Approved layout plan
Letter of approval from the Project Inspection Committee (DVC)
Construction plan approved by the institution
Approved layout plan
Letter of approval from the Project Inspection Committee (DVC)
Approved letter of construction plans
Certification Certificate of Structural Design
MEP Certificate – Mechanical, Electrical, Plumbing
Fire extinguishing certificate
Access Road Approval – In case the project is close to a main highway or road
Permission from the National Highway Authority – provided the project is accompanied by GT Road
Civil Aviation Authority (CAA) clearance certificate – provided the project is connected to the airport or is a multi-storey building
Construction Complete Certification
Environmental Approval of Pakistan Environmental Protection Agency
Approval letter from Sui Northern Gas Pipeline (SNGPL)
Approval letter from Islamabad Electric Supply Company
The license of the water supply system
For more information on the real estate sector of the country, keep reading Feeta Blog.
CDA Requirements for Real Estate Project Approval Documents
- Published in International, Real Estate Guide
CDA’s One-Window Operations Directorate Procedures
If you want to know how to use the First Window Operations Board of Capital Development Authority (CDA), this article is for you.
In this regard, first, the transfer request must be sent to the employee concerned and the date must be taken. The employee concerned shall send the data form to the director concerned two days before the date.
The lawyer or surrogate will be required to appear before the deputy director on the day along with his / her ID card, where his / her photos and fingerprints will be taken.
The officer in question will then hand over his file to the Accounts section.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
CDA’s One-Window Operations Directorate Procedures
- Published in International, Real Estate Guide
Light Family Home Interior With Chic Open Plan Living Space
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Chic and sophisticated in its sheer modernity, this untouched home project puts family life through a serene filter. Designed by Darya Maiorova, this family home interior has soft upholstery and rugs that are boldly lightweight to lift open living space. Black accents are used to add depth and brightness to the neutral environment, across a declarative kitchen back splash and a black accent window reveals. The children’s bedrooms themselves are light, crisp and elegant, with tailored children’s desk projects and decorative shelf walls. The parent room is a place for a quiet recovery of the children, with its own quiet workplace. Bathroom inspiration comes with contemporary vanities and boldly contrasting black fixtures.
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Other related interior design ideas may appeal to you.
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Light Family Home Interior With Chic Open Plan Living Space
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4 Strategies Real Estate Investors Know About
The real estate investment market is not static and unchanged, it moves according to the times and behavioral trends. As an investor, realizing the changes is the key to protecting your assets and maintaining your profitability. New models are always born, seemingly coming out of nowhere, and models that were previously mainstream are also starting to become less popular. For example, there was a time when repair and clicking were the most popular way for investors to make money, but now because the costs don’t make sense, and the current market isn’t designed for short-term holdings, people favor other methods.
Smart investors don’t insist on forcing a method, they observe the market, see what works and then turn to it. In the last 12 months, we have seen a lot of changes in the real estate market. Many cities suffer from historically low inventory, along with low interest rates, which makes it a truly competitive market to buy property for home buyers and investors.
However it is not the end of the world, here are 4 investment models you can use now to set yourself up for a great future.
Zoom Cities
A boom town is a city or place that sees a rapid explosion of population and economic growth due to oil or gold. After the pandemic, something completely new arose, Zoom cities. With people working from home and not needing to drive to the office, people have decided to relocate to the suburbs of the city or even to the rural areas, where they can have more space and cheaper housing while still getting an internet connection. can work. It has created a market for desirable places to live outside big cities.
This caused the growth of Zoom cities, places where people moved to avoid crowded cities and experience a higher quality of life. As a result, in these cities, house prices have increased significantly due to this new demand. As an investor, you can easily get a share of the action by buying properties in these regions, and equipping them with good internet and great amenities so that people can come and have a long and comfortable stay. If you can get a good property, it can generate a lot of income for you.
The great thing about this strategy is that it can be applied at any price, even in the luxury market, it can be incredibly lucrative. According to Gulf Homes Lux Homes, “As people continue to discover beautiful cities and towns outside the freeway, more shoppers will flow into those areas and turn them into valuable zip codes. If you want the opportunity, it’s there to take.”
Residential Assisted Living
An area in the housing market that is often neglected and overlooked is the elderly who do not want to stay in full nursing homes but also need care and support. This has led to the rise of what is called residential cohabitation, a service that allows them to stay in their homes, but also receive the necessary care and attention. These people have equity in their homes and need money, so as an investor, you can give them the opportunity to stay in their homes, give them access to some much-needed capital, and solve a problem for underserved demographics.
Domhakado
How does a real estate investor live in a multi-million dollar home paying only $ 1000 a month? By a strategy known as house hacking. By housing, an investor buys a home and then subdivides it to create several dwellings for different tenants.
These tenants pay the rent and it is a win-win for the investor as it reduces their mortgage payment. It’s even better to do this strategy with multi-family housing because it allows you to really maximize. If you want to buy a home, reduce costs, and pay for it quickly, house hacking is what you might be looking for.
Buy and Hold
Buying and holding is certainly not a new investment strategy, but in recent years it has become less popular than strategies such as repair and launch and wholesale. Most people think they need to throw home for profit as soon as possible, but right now that’s the last thing you want to do. Part of your investment portfolio should include assets that you want to hold for the long term. With these properties, you can be sure that your investment will be protected against market volatility, guaranteeing appreciation and growth of your investment.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
4 Strategies Real Estate Investors Know About
Wide Open Doors: How to Capitalize on the Still Booming Market
As if out of the challenge, the house Booming Market seemed to operate under its own set of laws through the COVID-19 pandemic. The factors supporting the price increase are easy to understand. The already low supply in the market was further limited by supply shortages, the astronomical rise in the cost of timber, and the health and safety complications that delayed new constructions. At the same time, historically low mortgage rates have spurred market demand. Families, recently free from the boundaries of schools and office districts, and still metabolizing the work-from-home transition, quickly needed more space. With low rates and high list prices, many did not have to be said twice.
Established investors rarely have to be reminded that when one door closes in the market, another opens. With minimal exceptions, the real estate market accelerated over the course of the COVID-19 crisis. Consensus flow and revenue appear to be hampered. If the new normal arrived, it came with giving gifts. Here are some important ways post-COVID homeowners and investors can position themselves as grateful recipients.
Your Address Is an Asset
Homeowners and investors alike are under new pressure to observe their home addresses as a functional asset in their personal financial portfolios. It’s not just an asset, it’s an asset more valuable than it probably has almost ever before. And to take it a step further, its gratitude is currently accelerating.
In some cases, just that information was enough to catalyze important decisions. Supposedly, the question of selling or refinancing has been a popular topic in market houses across the country. But a third option must be added to the sell / not sell dichotomy: renting a home or investment property was a winning strategy in the COVID era, and especially short rentals were some of the best results. the beginning of the pandemic.
With almost no barrier to entry, established investors and existing homeowners can quickly orient themselves towards a short-term rental strategy. But any good investment, regardless of ease or availability, benefits from a strong diligence strategy. By comparing your property to similar rentals in the area, and studying the seasonal monthly income for your area, you can list your offer – a bedroom, an entire floor – at a price and stay that will position you for optimal returns. Large margins, consistent demand and less time between payers of tenants have made short-term rentals one of the most investing entry points in the aftermarket.
Real Estate Changed
The success of the Airbnb model – the comfort with and preference for more local hospitality offerings – has certainly foreshadowed a change in our way of thinking about travel. But that model also changed the future of the real estate, and COVID-19 was a catalyst; the future came faster than anyone thought.
The millennial generation is a growing force in the housing market. In the face of bloated housing, renting remains the preferred option for many young professionals. Among that group, short-term rents give the greatest flexibility, and that flexibility is worth paying for; whether they travel for work or prepare for the final re-office call, tenants will pay above-average market prices for shorter, more flexible stays.
Unknown Horse: 40 Doors or Less
Even with their growing success, short rentals are reminiscent of the image of a holiday destination. But a look at the numbers shows that demand has infiltrated the markets in almost every segment. The multi-family sector did particularly well; buildings with 40 or fewer doors capture some of the steepest edges on the market. The National Multi-Family Housing Council reported that 65% of functional Airbnbs are located in multi-family buildings, and Airbnb CEO Brian Chesky reported that the company will need millions of more hosts to meet the current demand.
Landlords also have a new choice as the future of real estate continues to materialize. A hybrid model – a game strategy that supports long-term tenants while designating other units as short-term leases – could put landlords in the best position to take advantage of long-term relationships without losing the market reward for the short-term strategy. Automated marketing strategies can help adapt unit pricing and stay long to the market ideal, and partnering with management companies for hospitality management can easily offset the cost of more frequent tenants.
These accelerated changes in the real estate market provide homeowners, investors and landlords with unforeseen potential. Whether it’s renting a spare bedroom, pivoting to a hybrid model, or acquiring new rental properties in the multi-family sector, the accelerated arrival of the new era of real estate is full of opportunities. With the right attention to their positioning, every market observer can find new avenues to financial freedom and portfolio diversity – two major silver roofs after the trials and tribulations of COVID-19.
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.
Wide Open Doors: How to Capitalize on the Still Booming Market
- Published in airbnb, International, Real Estate, Real Estate Investments, short term rentals, vacation rentals
Peacefully Pale Tonal Decor With Warming Wood Accents
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Pale tone decoration creates a wonderfully airy and balanced home interior that evokes a sense of peace and harmony. These two soothing toned interiors use wooden accents to add warmth and texture to the pale palette, and small black bursts to anchor the lightweight scheme. This is a color palette that translates seamlessly into every room and region of the home, from relaxed living rooms and clean kitchen projects to quiet bedrooms, elegant home workrooms and modern bathrooms. To prevent the mild monotony, these inspiring home projects show how to include unexpected elements of contemporary design and individualistic layout to break the repetition with a striking character.
As we enter the open layout of our second prominent home interior, we come across a soothing plan of a white and wooden living room. An entire wall of white kitchen cabinets falls quietly into the background. A kitchen island floats freely in the layout where it defines the edge of the dining room. A modern sofa marks the living room.
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Peacefully Pale Tonal Decor With Warming Wood Accents
- Published in #architecture, #interior design, accent furniture, architectural wonders, Architecture, Architecture Design, creative home design, decor, Decoration, Design, Design Gallery, dream house, Featured, Featured Articles, furniture, Furniture Design, Home Decor, house, house decoration, house design, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, modern, neutral
Compact And Functional Homes Under 45 Sqm With Floor Plans
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Small home interiors present both practical and stylistic challenges, but these two compact and functional interior projects have skillfully mastered their limited area. Each measuring a little less than 45 square meters, these two exceptionally small apartments have glass walls that expand the feeling of space and light to withstand strict dimensions. Chic modern decor features coherent color palettes that encourage a sense of peace and order. Each apartment design also manages to squeeze a dedicated laundry room inside a small bathroom, leaving no modern amenities accomplished. We’ve included the floor plans at the end of each tour to give you less space inspiration.
Measuring 43.5 square meters, our second small home is located on Svyato-Pokrovskaya street in Kyiv, Ukraine. A small, minimalist sofa gets more presence underneath 2-Arm Rotary Application designed by Serge Mouille. A suitable ottoman is decorated with a decorative tray arrangement.
The elegant gray dining chairs are the Beetle chair designed by Stine Gam and Enrico Fratesi for Gubi.
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Compact And Functional Homes Under 45 Sqm With Floor Plans
- Published in #interior design, Architecture, Architecture Design, Art, bedroom, bedroom design, decor, Decoration, Design, Design Gallery, Designs by Style, Featured, floor plans, Home Decor, house, house decoration, house design, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, small space, under 45sqm, under 500sqft, under 50sqm
What Happens When The Famous Style Melds With Others
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Mid-century modern encounters a crash of contemporary and classic decorating themes in these three home projects. Each exquisite interior takes a sip of many eras and styles to create interesting combinations that excite the eye. We first travel to a lake house that includes an eclectic combination of elements to form a chic and sophisticated home, and classic art pieces absorb culture. Our second tour takes place under ornate ceiling roses and intricate cover, where graceful window arches inspire curved furniture silhouettes juxtaposing sturdy mid-century pieces. Our final featured home has an ethereal white scheme in which modern gold and marble accents are mixed with antique style chairs and traditional sculpture for an attractive result.
Our next tour takes place in a 106-square-foot home, where ornate ceiling roses and intricate cover crown a room that is bordered by graceful arched windows. The classic architectural arches inspire an interior layout of curved furniture silhouettes, including a curved sofa, a round coffee table and a large round rug.
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What Happens When The Famous Style Melds With Others
- Published in #architecture, #interior design, accent furniture, architectural wonders, Architecture, Architecture Design, bedroom design, creative home design, decor, Decoration, Design, Design Gallery, Designs by Style, Featured, Furniture Design, Home Decor, house, house decoration, house design, house fresh, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, mid century, neoclassical
Textural Interior Smoothed By Curves & Classic Arches
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Slatted panels and natural stone bring a deep and luxurious texture to this chic modern home design, pictured by ArtPartner Architects. The text decoration is smoothed with curved furniture lines and graceful classic arches within the high ceiling architecture. Large living spaces radiate elegance under a delicate tonal color palette of warm Belgians and soft browns. Copper accents add a rich and shiny element within the attractive kitchen design, where a stone island sets a solid anchor in front of a kitchen run hidden behind lattic doors. The text theme matches across all, with lined feature walls clearly countering curves at every beautiful turn of the sumptuous residence and an impressive master bedroom.
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Textural Interior Smoothed By Curves & Classic Arches
- Published in #architecture, accent furniture, arches, architectural wonders, Architecture, Architecture Design, Asia, bedroom design, creative, creative home design, decor, Decoration, Design, Design Gallery, design objects, Designs by Style, designs that stand out for all the wrong reasons, furniture, Furniture Design, home, Home Decor, house, house decoration, house design, house fresh, House Tours, interior, Interior Decoration Ideas, Interior Design, interiors, International, texture
A Modern Waterfront Villa With A Deck To Die For
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On a raised south-facing piece of land of more than 1000 square meters, this magnificent modern property is sculpted into the rock face in Camp de Mar, Mallorca, Spain. Designed by E5 Tenado, the villa itself has a built area of 394 square meters above two levels. Villa Statera has a variety of large open and covered terraces and a rooftop terrace to accommodate fascinating views of the Mediterranean Sea. Facade of continuous floor-to-ceiling windows fuses the bright waterfront panorama with the interior of the home as well, which has an inverse layout with the main living space scattered across the upper floor and bedrooms located below. Full floor plans and a transit video are included at the end.
The recent interior design for Villa Statera, created by Terraza Balear, is a pure concept of linearity to complete the architecture of the home. The decoration is done in a natural palette that blends in with the surrounding surroundings of the coastal residence and includes high-quality brands such as B&B Italia, and a Poliform design kitchen.
An L-shaped sofa pulls itself away from the glass walls, forming a comfortable arrangement around a modern fireplace that is only decorative in the warmer months. Scattered cushions put a warm orange pop on two gray-blue lounge chairs and the pale contemporary sofa. Decorative vases bring a branch of greenery to a simple modern sofa table.
Downstairs next to the bedrooms, a small relaxing area with cane hanging chairs is connected to a private terrace with outdoor jacuzzi. The chic lamps in this relaxed living space are Muffins floor lamps by Dan Yeffet for Brokis.
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A Modern Waterfront Villa With A Deck To Die For
- Published in #architecture, #interior design, architect, architectural wonders, Architecture, Architecture Design, creative, creative home design, decor, Decoration, desert, Design, Design Gallery, Featured, furniture, Furniture Design, home building, Home Decor, house, house decoration, house design, house tour, interior, Interior Decoration Ideas, Interior Design, interiors, International, Luxury, waterfront
5 Types of Video Content to Promote Your Vacation Rental Business
If those who have done some online research for any trip will notice watching videos, this is the best way to get close to that place.
Whether tourists are looking for an ideal seaside home or even a downtown apartment, videography occupies the best place simply to visit the place in person.
Holiday rental owners can use video content to deliver things that photos can’t, so these could help owners get extra reservations.
Anyone can use platforms like Facebook or YouTube to post amazing, engaging and remarkable local listing videos that can help increase vacation rental bookings. Many people seem to be digital natives and respond much better to this kind of material.
Showing Property Video
A home walk highlighting the property’s greatest features is a very prominent kind of video.
The combination of videos and photos could be used to bring visitors to a detailed tour of the entire site, and aerial shots can show the outdoor environment and adjacent area.
To create humor, newly listed clips often include a narrator or background music. The best approach will offer a quick hyperlink for the location list so that consumers can learn more.
“About Me” Video
For an introductory video, the homeowner will describe someone’s business and describe to the visitors the particular features included and reasons that visitors will enjoy this place over a competitor’s locations.
Discuss when you entered this market, how that attracted you to rentals, and all the particular benefits the company offers that set you apart from your competitors.
You can post the clip on your social profiles. Give visitors the contact details, as well as details about the location or other location details. Add several important keyword terms in the title to improve the online visibility of the videos.
Neighborhood Tour
Give the public a visit to the neighborhood, highlighting its best features, including picturesque elegant places and views.
Visitors are eager to see everything they would do during their stay at the venue, and that’s why such a kind of film might be packed with helpful information. This can describe why visitors should spend a vacation in that place and give them a list of activities to perform and see if visitors will rent the home.
To complete the property advertisement, this is also an excellent natural material to publish on online portals or social networking accounts.
Customer Testimonials
Comments seem to become usually convincing, but audio-visual testimonials from happy visitors can almost certainly be much larger.
To create a video testimonial, invite any satisfied visitor if they might be willing to appear in any. In return for their time, a special deal, discount or additional coupon could be given to visitors.
This is amazing to expose the site, however, once others get nice reviews spread that don’t come from a business, it has much greater importance.
Video Questions
If the company has a Questions section, why not just put such useful hints as a video?
This may teach visitors exactly how everything works on the site, educate visitors about the housing regulations and answer every additional typical question about a visitor in the video, including text or even storytelling.
Because of the audio-visual aspect of the responses in the clip, they may be much more inclined to remember, which means that smaller visitors might raise such concerns, and anyone who does so would be less likely to doubt them later.
Conclusion
Users are aware of the impact that quality photos can have on the overall performance of any rental unit.
Even videos can bring more visitors to the listed website and reinforce specific reasons why anyone should choose it over others, which can improve the holiday rental bookings almost as well.
And, fortunately, creating a video is now simpler, unlike before. Users can hire a video creation company to help them record and create the video or you can create it yourself. In that case, users might be able to get greater results and satisfy consumers.
Be sure to experiment with a variety of methods and promotional platforms unless you discover something that works for the vacation rental company.
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 Types of Video Content to Promote Your Vacation Rental Business
- Published in Business, International, Real Estate Investments, Small Business
7 Home Upgrades That Can Boost Market Value
Having an investment property is one of the most amazing sources of income you can have for yourself. Not only do you care about your future, but you also need to focus only on how you can sell the investment as high as you can. With that, you should try to look for ways to improve your property to increase its market value, to match the look and cost you are aiming for.
When selling or renting a property, you can’t expect to set high price tags when it’s not upgraded or has basic home features. You need to match your price so that people are more interested. They will know that they will get what they pay for.
Listed below are the home updates that can help boost the market value of your property:
1. Update The Fireplace
A fireplace helps highlight the living room and improves its appearance dramatically. When a person enters the room, the first thing that will catch their attention is the fireplace. That said, you may want to update your fireplace, and allow it to add beauty to your belongings.
If your farm has been sitting in the market for too long, the fireplace may no longer attract you. You may want to upgrade to modern fireplaces to help enhance the look of the living room.
When you upgrade your fireplace, make sure it matches well with the interior of your home. That way it will blend perfectly, attracting more customers to buy or rent your property.
2. Upgrade Kitchen Features
One of the biggest selling points about a home is an excellent kitchen. Almost everyone loves to cook, and they would love to have a great place to work their magic. On that note, you may want to improve your kitchen features and remind yourself that your buyers are happily putting your home on their shopping list.
You can start by upgrading your surfaces with high quality materials like granite, marble or quartz. Make sure you choose roofing colors that match the theme of your kitchen. Along with that, it is ideal to replace your kitchen cabinets with improved materials that do not absorb moisture, enabling them to last a long time.
As you improve your kitchen features, you can replace the existing faucets with unique features such as sensors and handles for ease of use. You can also choose to include under cabinet lighting that highlights the backsplash of your kitchen. This allows people to enjoy their kitchen much more because of the warm atmosphere brought by the accent lights.
3. Set up a Home Office
Most people like to have their own private place where they can silently do their home activities. Working in the common area of the home may work, but some prefer to have some privacy, allowing them to better concentrate. With that, you may want to include a home office for your potential buyers.
As you set up a home office, make sure you place it in an area where it can light up as much as possible. This will help increase concentration, and allow natural sunlight to enter the room. You can stage the room so that your potential buyers have an idea of what their home office will look like.
4. Transform Into Smart Home
With the technology today, the smart home is becoming popular as it helps to add security and convenience to homeowners. With this additional feature, you can be sure that it will increase your market value much more.
You can start by allowing your doors to have smart locks where the need for a physical key is no longer needed. Homeowners could simply type in a passcode, or use their fingerprints to unlock their homes. Thus, intruders will find it difficult to open the doors, enabling maximum security.
Moreover, you can choose to install smart lights and speakers that allow people to turn the lights on or off with voice commands. That way they don’t have to pause their activity just to turn on the switch. They can easily dictate to their home what they need to do. They can also darken or brighten the room, depending on their preference.
5. Install Solar Panels
Electricity bills play a big role in the monthly payments that each household has to deal with. When you choose to install solar panels on your property, you can help new homeowners reduce their electricity bills, which can greatly benefit them.
Installing solar panels can be an expensive feature. However, their presence can help increase the market value of your property, allowing you to increase your sales.
It will also be useful if you can add batteries for the solar panels. That way the tenants can still have a continuous source of energy even at night.
6. Switch To Hardwood Floors
While carpet floors are a popular choice in most homes, some homeowners would not prefer to have them in their homes because they are difficult to maintain. In addition to being very careful about spills, stains and fire, cleaning your carpet can be difficult and expensive, especially when you need to thoroughly clean them every year.
Today most people are looking for homes with hard floors as they are easy to care for, yet add beauty to their interior. Hardwood floors can give a homely feel, yet allow for flexibility in interior design.
7. Update Devices
No matter how modern you renovate your home, if you allow your old appliances to stay in it, it can however have a negative impact on your potential buyers. While they are an easy replacement, people will still worry about the additional cost, and will only prefer to have a moving home.
Ideally, you should update devices that people use every day. These are the refrigerator, oven, burners, hood, washer, dryer and TV. That way they will know they are buying a brand new home, encouraging them to pay more for the upgraded appliances.
Moreover, it is useful to upgrade your devices to the latest model to increase your market value considerably. Everyone is excited to live in a new home where everything is up to date, allowing them to maximize every opportunity.
Conclusion
While you are selling or renting your investment property, you need to make sure that you are well prepared for it to get the most income. While upgrades and renovations may cost more, they will help attract home buyers, allowing you to increase your price.
Also, don’t forget to use popular home interior projects to attract more people, as eccentric projects may not favor most. You can choose minimalist, traditional, industrial or Scandinavian.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
7 Home Upgrades That Can Boost Market Value
Stylish Outdoor Living: Textural Home Interior
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Attractive text decoration enlivens this modern home for a large family, located near Kyiv, Ukraine. Designed by Trush Design, the 750-square-foot house has a collectible Ferrari, which is displayed in the living room from inside a glass wall garage. The interior is a chic set of comfortable modern furniture and huge pieces of eye-catching art. A combination of deeply textured stone and polished metal brings brutal moments to the comfortable decorative scheme, creating a wonderful juxtaposition of materials. Unique hanging lights and an abundance of perimeter lights make up atmospheric brightness after dark. Terraces are styled to match mood lighting, modern living room furniture and sculptural elements.
The impressive modern home exterior communicates a sharp, linear aesthetic against the green landscape. Abundant lawn rolls from a decorative modern swimming pool next to the terrace, on the edge of a picturesque lake. Ripe trees sway in the breeze, creating music of quiet rustling leaves around the house.
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Stylish Outdoor Living: Textural Home Interior
- Published in #interior design, Art, creative, creative home design, dark, decor, Decoration, Design, Design Gallery, Furniture Design, grey, home, Home Decor, house, house decoration, house design, House Tours, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, outdoor furniture, texture, ukraine
A Luxurious Terraced Villa With Pool In The Mediterranean
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Linear concrete volumes build this elegant and luxurious home project of 1,260 square meters, located in Son Vida, Palma, Spain. Created by Osvaldo Luppi Architects, the luxury villa has extensive terraces that include a large outdoor swimming pool to enjoy under the Mediterranean sun. Outdoor living areas benefit from long days and warm nights on the south-eastern multi-level terraces that are stepped up to follow the topography of the hillside. Glass walls retreat to the outside with interior volumes, where pure white and gray walls and a golden wooden tone merge into amazing spaces. Be sure to watch the step-by-step video of this spectacular Mediterranean villa at the end of the tour.
The living room is an airy space with a simple yet elegant composition of modern living room furniture. An L-shaped sofa gently embraces the perimeter of a rounded rectangular coffee table, opposite a few rotating armchairs. A modern fireplace and wood shop cut darkly into the back wall, placing a contrasting stripe against the matte white paint.
Upstairs, a master suite and three bedrooms each have their own bathroom and balcony area. The door to the bathroom and closets are camouflaged inside a wall of smooth wooden panels in the master. Glass balustrade allows you to enjoy the majestic mountain side views of an outdoor chair, from the cushioned end of a bed bench, or when you have breakfast in bed.
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A Luxurious Terraced Villa With Pool In The Mediterranean
- Published in #architecture, #interior design, Architecture Design, Art, Design Gallery, dream house, Featured, Featured Articles, furniture, Furniture Design, home, Home Decor, house decoration, house design, Interior Decoration Ideas, Interior Design, interiors, International, Luxury, mediterranean, pool, villa
Selling Property with Occupying Residents
Selling a property can sometimes be a difficult task. If you have tenants who still live inside while you are trying to sell and give tours of the property, things can get even more difficult. An excellent level of diplomacy and care is required as you want to give a solid first impression of the property to potential buyers, but also the current tenants still need to live in the space and have access to their belongings. You will need to make sure that your tenants are taken care of and protected throughout the process. The following will explore some of the critical steps you can take to make it easier for everyone to sell real estate with tenants inside – you, the tenants, and potential buyers.
Understand The Rules
You have an absolute right to sell a property you own, even if tenants still live within it. The key factor in this process, however, is that certain ongoing rental agreements must be honored by the new buyer. This means that if your tenants have seven months of lease remaining when the property is transferred, the new owner must allow the tenant to stay for those seven months, paying what they previously agreed to pay. If there is no lease agreement, the tenants will have to agree to leave if the new owner wants them. If they refuse, the new owner will have to go through a traditional eviction process, and the tenants will be legally regarded as occupants.
Communication Is Key
Like relationships and other projects, communication is the core foundation on which this whole process will rest. You need to be completely upfront with your tenants about considering selling and what the process will mean for them. It is a good idea to explain the legal obligations of the next landlord to honor their current rental agreement. Explain what they can realistically expect when ownership changes hands and when their licensing agreement ends. Explain that there is a chance that the new owner will want to make changes or renovate the property and earn more in the future. The more honest you are, and the sooner you share this information, the better your chance that your tenants feel they have the time and information they need to navigate the new situation. If you have established faith, there are many more chances that your tenants will help when it comes to shows. Moreover, you want to be completely transparent about when shows will take place and warn people as much as possible. Everyone has bad weeks where they need a day to order before guests come.
Notice
If you have tenants who do not have a written lease (i.e., they pay rent monthly), you are legally required to give them at least one month’s notice of the sale so that they have time to relocate if the new owner demands it. As explained in this article at HBRColorado.com, if the tenants have been living there for more than twelve months, you must legally give them two months’ notice. As you probably know from your profession, one or two months is not always enough to comfortably find a new life situation. If possible, give your tenants more time than this. A high-level notice will also give them time to work out the emotions of leaving their home when they weren’t expecting and better increase the chances of a smooth transition for everyone without any problems.
Address Problem Tenants
If a tenant is very dissatisfied with your decision to consider a sale and threatens damage to the property or some other annoying reaction, you always have the option to convince them to leave when the property changes ownership. Legally prosecuting an eviction can be incredibly expensive and time consuming. Many landlords find it much easier to offer tenants money to relocate. Many people in this world would happily take a few hundred dollars and relocate without any problems. This is often the fastest and least frustrating way to change a rental, as some experienced landlords will tell you.
Planning Views
As stated above, if you have a good relationship with your tenants, viewing should be relatively easy to set up. Respect tenants’ schedules and requests. If they say you have to be out by 4:00 because they have to prepare the kids for football practice, do your best to be out by 4:00. Legally, a tenant must be informed of a visitor at least 24 hours in advance.
It is important to note that if a tenant has a written lease, it is in accordance with their legal rights to refuse to view. You may need to agree with your tenants to change their minds, including possibly paying for their time while the visitor is in their unit.
Selling With Tenants Can Lower The Sale Price
Considering the legal standards for when rent is allowed to increase and how much, it is possible to sell your property with tenants still tied up could result in a lower sale price. A potential buyer knows that they will not be able to increase the cost of renting until the tenants ’lease ends. Moreover, a potential buyer might feel that a tenant is happy or not about the change of ownership and may want to avoid the property if he or she feels that the tenants could be causing problems.
Work With a Real Estate Agent
If you own some real estate, you might be quite comfortable with the process of buying and selling real estate and tempted to sell on your own. Selling with tenants who have rentals that will need to be confirmed, a real estate agent could be a big help. An agent will know which buyers are looking for rentals for an existing easy cash flow (meaning people who are willing to have a rental unit not vacant) versus which buyers are looking to renovate and raise prices. With this information, a real estate agent can bring you the right potential buyers who will be willing to work with the situation in which you find yourself. An agent can also help you accurately assess the property depending on the tenant’s situation.
Clean Things
As with any real estate sale, cleaning things up before viewing and promotional images can be a big help. If you have a lot of tenants, there is often a greater chance that community areas will be less cared for (the tragedy of the commons is a whole economic theory that applies shockingly perfectly to rental properties). Take the time to clean up any trash or other debris like a dog skating in the grass. Give the hallways, washrooms, stairwells and all other places good refreshing cleanliness. Your tenants will probably enjoy this as well.
Do Inspection
It is especially important when you have tenants to do a new inspection when you are thinking of selling. People are usually not as gentle about the properties they rent as those they own, which means that since the last inspection there could be some fountain problems or other problems that could be dealt with before sale. This can save a lot of time due to contingencies later, especially if it turns out that the place is not as great as you previously thought.
Restrictive Appeal Is Essential
If you’re not sure what kind of trim you need to make to the property before selling, a wonderful rule of thumb is to work with the outside. Get lawns trimmed and trimmed. Repair holes in the driveway or parking lot. Give shutters fresh paint. La first impression when you sell a property is the most important impression. This is doubly true for real estate that someone will rent later, as potential buyers will think about the first impression their potential tenants will have when they arrive to view or browse photos online. Some more handy tips include:
- Add some fresh and lively greens.
- Consider painting the front door (many people have a strong emotional reaction to the front door, as this is symbolically their connection to the property).
- Make sure all the exterior lights are working, as you can bet that a potential buyer with some prudence will drive past the venue in the evening to get an idea of what the tenants and properties are like at night.
- Clean the drains.
- Replace rusted letterboxes and identification numbers.
- Power wash the outside if necessary. Over time, side and brick coat with dirt, but often that happens so slowly that you don’t really notice it, so you may not know how badly it needs to be done.
The above tips should help you understand the process of selling a property that has tenants tied to it. Again, maintaining honest communication is essential if you want this process to be smooth.
For more information on the real estate sector of the country, keep reading Feeta Blog.
Selling Property with Occupying Residents
Mistakes to Avoid for New Real Estate Investors
If you are green and tend to invest in real estate, it is advisable to remember that this is an industry that requires a lot of preparation and proper planning to ensure success over time. As a first-time real estate investor, you need to be well aware of the various mistakes you and your fellow entrepreneurs are looking for along the way. Fortunately, most of them are avoidable through the use of appropriate knowledge and skills.
Once you’ve decided and decided to start the world of real estate investing head-on, here are some of the often-believed jokes that a first-time real estate investor should avoid and solutions to prevent them from happening.
1. Looking Through The Need For Training
As a first-time real estate investor, you will need to learn the basics of real estate trading and undergo proper training to be ready to move forward. With proper training, you are less likely to take false steps along the way. The training can come in the form of books, training sessions, seminars and many more.
If you want to learn more about the basics of real estate investing, take a look real estate forum and others may be of great help. Keep in mind that if you overlook the need for proper preparation, you are said to be more inclined to make a completely avoidable mistake at some point that may cost you a lot of money.
2. Invest Big Money Ahead
It is believed that one of the most commonly seen faults that most investors usually make is buying too big. Taking on a considerable investment while you are still new to the game is not a wise move. For example, buying a significant income property as a multi-family home can be expensive to get ahead of. Additionally, it is difficult and expensive to manage.
Avoid growing up starting with a smaller, smaller property like an apartment. A small investment is something you can afford without exceeding your set budget. It will also let you know what a farm is like and how it is managed. Once you finally master the basic skills of the company, you can steadily grow by buying a new farm every two years.
3. Underestimation Costs
Bourgeois real estate investors are usually advised to choose the rental property with a positive cash flow. It is important to keep in mind that the cash flow depends on the costs and rental income. In view of this, it is important to obtain an accurate estimate of these figures. In some cases, a new investor might overlook or forget about the repair costs or underestimate the price associated with finding the right tenant, reducing the potential overall profitability of the property.
4. Lack Of Previous Research
It is believed that many potential and indifferent investors are often deceived by the big promises of easy profit and dive into real estate without knowing how the business and the local market situation work. Like any business venture, you need to be prepared to handle the specifications and different aspects of real estate.
The best way to be prepared is to do prior research and read various sources of information before deciding on investing in wolf ownership. You can find online and offline (books, magazines) resources to learn various helpful information about the industry.
5. Excessive budget
Although most first-time real estate investors usually do not have a large budget, it is sometimes said that they may pay too much for investment property along with some services or professionals they work with.
The reason for this is other than a lack of working knowledge of the real estate industry. Although you will eventually learn and pick up important indications over time, a first-time real estate investor should not compromise the projected profitability of property just because they are new to the field.
Full reading taking advantage of the resources available and learning from individuals who have been investing in real estate for years should be your priority before making a move. One way to make sure you are paying the right price for a property is to do a real estate market analysis with the help of an experienced real estate professional.
6. Possibly Harmful Business Partnerships
Forging partnerships when investing in real estate might be the right move, especially if you are a first-time real estate investor with hard financial resources and limited real estate management skills. Unfortunately, a partnership can hide various disadvantages that can put you in an unfavorable situation in the long run.
It is recommended to avoid entering into a partnership immediately. This also applies to relationships formed just to buy a huge property or to have someone with whom to share the risks handled. If you want to enter into a partnership, you need to choose a caring company. Ideally, choose someone you can trust and at least know how the industry works and its internal workings.
7. Buy Too Small
The rental property in which you will put your money will depend on your available budget and financial choices. If you have a considerable amount of money, it is better to buy a slightly larger investment property than a smaller one that can only produce low income levels. Remember that a larger property will almost always provide you with better income options.
It is best to calculate your finances carefully including your savings, financial options along with rental income and accompanying costs. Based on your current financial status, look for a property that matches your practical budget range.
8. Investing Indecision And Cold Feet
A first-time real estate investor might be too hesitant to choose. It is understandable to experience having cold feet in front of something completely foreign to you. Unfortunately, your indecision will make you miss out on good deals that go quickly on the real estate market. Although care is necessary, being too timid will cost you considerable opportunities and opportunities in the industry.
You can make the right choices with the knowledge you have gained from research and training. They will serve to strengthen your confidence to make the right decisions with your investments over time.
9. Overestimate Your Projected Income
It is believed that some first-time investors often misjudge the amount of expected rental income expected from a given rental property. Keep tabs on the figures to avoid facing the opportunities of reduced estimated cash flow. Failure to properly perform prior assessments of the numbers can potentially endanger your property due to a negative cash flow, which is detrimental to it.
10. Property Location Concerns
In real estate investing, location is said to be a key element as it can determine several aspects that an investment property owns. They include house prices, types of real estate, the current market, rental groups, laws and guidelines, availability of other rental properties, and many others. But it is said that the location of investment real estate plays a crucial role to be addressed.
Although it may be easier to choose an option in your area because you know the details better, don’t overlook the option of overseas property if the local market is not a good investment choice at the moment.
The best way to make the right decision is to study the target market. Analyze price trends, costs and the like. Helpful data will serve as a guide if it is the right time for you to buy and manage an investment property in a specific location.
Conclusion
Once you choose to invest in real estate, make sure you are ready by learning the basics and essences to make the right and sound decisions while pursuing deals in this very little industry. Even a small mistake can cost you, which may leave your money wasted.
If you are aiming to make the right moves as a first-time real estate investor, the above mentioned list can serve as a guide for you to make the right decisions in the company and eventually achieve success over time.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
Mistakes to Avoid for New Real Estate Investors
- Published in International, Real Estate, real estate investment, Real Estate Investments
Captivating Copper Accents On Dark Grey Decor
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Attractive copper accents cause bright and shiny interruptions through these two drastically dark gray home interiors. The effect is warming, captivating and luxurious, and elevates the overall mood. This rich palette has been expertly used to form high-end living rooms with depth and plot, and to form a spectacular copper-clad kitchen project. We will also continue these excursions through an abundance of beautiful gray bedroom projects and elegant modern bathrooms with a real factor. Be sure to take a look at the unique floor plan included at the end of the second featured home, where you’ll find a very unusual curved home layout of challenging wedge-shaped rooms.
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Captivating Copper Accents On Dark Grey Decor
- Published in #interior design, architect, Architecture Design, copper, creative, creative home design, dark, decor, Design, Design Gallery, Designs by Style, Featured, Featured Articles, furniture, Furniture Design, grey, house, house decoration, house design, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International
Airbnb Property Management Guide
Airbnb’s property management services include leading homeowners through the process of monetizing their vacation rental. Many families own cabins, trailers, and vacation homes located a few hours or more away from their main residence. To compete against the best hosts on the platform, you need to understand how to effectively manage your company as a host or as an owner of an Airbnb management company. Effective management of Airbnb is critical to the success of your company.
By reading this comprehensive guide, you will learn about all the essential elements of property management and position your organization for success.
1. Get To Know The Holiday Rental Industry
You cannot succeed in this field without having a working knowledge of it, just as you cannot succeed in any other. However, becoming an owner of Airbnb is not mandatory, and many people excel in this field with only a high school diploma. However, you will need a thorough understanding of Airbnb’s holiday rentals and markets. As a result, if you lack this information, the first step to becoming an Airbnb property manager is to get it quickly.
You should ideally have some experience hosting guests on Airbnb. If you’ve already hosted on Airbnb and managed your game name on your own, you’ll show potential customers that you’re a professional. Additionally, this will help you anticipate worries, identify potential problem guests and solve typical challenges. If you don’t know the holiday rental industry or how Airbnb works, online seminars and courses can educate you. You can also hire Airbnb management services like homehost.com.au and similar websites if you want extra help.
2. Automate Your Tasks
Self-management as an Airbnb property manager is not scalable. Even if you do everything better than anyone else, you can’t accomplish everything and expand your business at the same time. It’s because as you grow, you’ll get other properties scattered throughout the area. If you strain yourself too thinly, both the guest experience and your business will suffer.
There is no reason for property managers to handle everything alone anymore, as several tools and resources are available to help them on a scale. Because the first thing guests will notice about your property is its cleanliness, you need to start there.
After that, you may want to consider using Airbnb automation tools. These not only save you time and money but also improve your appraisal. For example, automating visitors improves your response time, which improves your rating.
3. Provide The Property
Most basic rental homes remain vacant until a tenant relocates. Each tenant will have unique preferences and will want to customize their space. On the other hand, Airbnb is amazing because you have to furnish and decorate the area in advance for the arrival of your first visit.
Three critical elements of Airbnb’s success are choosing a style that highlights the best qualities of the property, attracts the widest possible audience and matches your furniture budget.
4. Remember Unexpected Expenses
Property fees are another expense that many short-term rental investors overlook. Cleaning, beneficial management, repairing damage and taking care of external property are just some of the services offered. Never invest in Airbnb rental property without first analyzing all related costs. Financial planning at an early age is critical to avoid unpleasant and often unexpected financial surprises later in life.
5. Put Your Property On The Market
To stay ahead of the competition, you need superior property. You can increase your Airbnb rank by optimizing critical items on your list (such as the title, description, and photos of Airbnb). Additionally, high quality posts attract a considerable number of potential visitors.
When it comes to improving your Airbnb listing, professional photography is a great place to start. Professional high quality images are the most effective approach to market and attract people to your holiday rental. Additionally, an amazing list should include:
- Attention-grabbing title.
- A detailed description of your house and facilities.
- Comprehensive hosting profile.
6. Market Through Multiple Channels
Sen marketing, it is not possible to establish a viable firm in a highly saturated field. The most effective way is to develop an inter-channel marketing strategy by expanding the reach of your message. To get started, advertise your property on vacation rental platforms. It will definitely help to improve the display of your list and the number of questions it receives.
Having a presence on social media would be helpful. Create a Facebook business page and an Instagram account for your company. You can develop a loyal following by regularly sharing articles about your home, local activities, and tourism destinations.
Portable
If you’re interested in the vacation rental industry, looking for a potentially lucrative career, and like to work under your requirements, being an Airbnb property manager may be appropriate. Suppose you want to work as an Airbnb owner. In that case, you will need to hunt down co-hosting opportunities, convince homeowners to hire you, develop a business strategy, and automate repetitive activities through vacation rental programs.
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.
Airbnb Property Management Guide
- Published in International, Real Estate Investments
A Modern Brutalist House in Japan: Exquisite Details
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A modern brutalist exterior openly surrounds this delicately detailed Japanese home, expertly designed by Apollo Architects & Associates. The 410-square-meter property is located in a quiet suburban neighborhood in the densely populated Kanto region. The homeowners acquired this terrestrial and irregularly formed part with significant family time. The owners wanted to incorporate courtyards as part of their home life together, and so the design began to take shape within the difficult topography. The distinctive outdoor environment expands the living space in complete privacy. The home interior carries a contemporary ranch-style aesthetic that forms a comfortable combo of living room and dining room, and a closed, glass walled kitchen.
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A Modern Brutalist House in Japan: Exquisite Details
Creatively Colourful Interiors Inspiration: 4 Home Tours
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Color makes a home cheerful and attractive. However, we often limit ourselves to just one or two accent shades in a conservative application. Reserved decorative palettes are quiet and safe, but sometimes you just have to break some boundaries! These four creative home interiors are shaped by the intuitive use of bright and contrasting colors and are also not afraid of patterned and unusual paint effects. We will discover a small open concept living space with a calculated clash of orange and green accent colors, a confidently colored living room with an artistically painted TV wall, a color-blocked apartment with a pink panache in the bedroom and an elegant apricot filled city pad.
Sculpture Chair Series Up 2000 by Gaetano Pesce for B&B Italia bravely compete for attention against the striking wall therapy.
The dark gray bedroom plan is electrified with live accent pieces. The awesome Ghostbuster print is right City of NVM Illustration.
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Creatively Colourful Interiors Inspiration: 4 Home Tours
Ethnic Eclectic Interiors With Vintage Vibes
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If you aim to create truly individual and characterful living spaces, then ethnic eclectic interiors with vintage vibes evoke a wonderfully unique and welcoming essence. In these two interesting interiors, we will discover a lot of curios and artisan pieces that go together with modern furniture and decorative elements. Our first prominent interior is home to an ethnic eclectic style with colorful vintage finds. Indian artwork meets contemporary living and dining furniture in a rich red, green and mustard color scheme, along with trendy lattice wood elements. Our second interior is actually a concept room and cafe located in Kyiv, Ukraine, which serves as an abundant inspiration to attract an eclectic styling.
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Ethnic Eclectic Interiors With Vintage Vibes
- Published in #architecture, architectural wonders, Architecture, Architecture Design, creative, creative home design, culture, Design, Design Gallery, Designs by Style, eclectic, ethnic, furniture, Furniture Design, Home Decor, house, house decoration, house design, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, vintage
6 Types of Floors Notable for Your Investments in 2021
When it comes to their investment property, investors will have countless choices – one of those is flooring. Nor is there a solution for all sizes – the best choice floor will largely depend on the property and what the investor intends to do with it. If you have a luxury rental property, then you will want something cheap and able to withstand damage well. For luxury rental property, potential tenants will have certain expectations that you will need to meet. Ideally, you want something that at least meets minimum expectations in terms of appearance, but can also last a long time because you don’t want to replace it again a year later. To fix and click features, it’s less about quality in many cases and more about how it looks. This of course will largely depend on the market, the buyers, and so on, but the thing is, many factors will have to be considered by investors.
So even though we don’t have the right answer, here are six types of floor coverings that you might want to take a closer look at when evaluating potential options for your property.
Walnut Floor
Nut floor is a great choice for those who want to add a beautiful natural shade of warmth and earthiness to their home. These floors come from walnut, which has been popular since ancient times for its durability and rustic appearance. You need to install these floors so that they don’t get too wet, as they can shrink and swell.
You may also want to consider walnut flooring if you are looking for something with beautiful colors. However, we recommend spending time finding the perfect installation company, as this wood is hard to work with.
Laminar Floors
Laminate floors have become more popular in recent years, and for good reason. Unlike hardwood, plywood does not need to be refined or re-stained constantly, saving homeowners a lot of time and money! They are also much easier to clean because their surfaces withstand stains from something like wine, coffee and even pet accidents.
Linoleum floor
Linoleum flooring is a material made from natural materials such as cork, linseed oil, pine rosin, and ground limestone. It is easy to install and requires less space than other types of floors. It can be both inlaid or on the upper surface. This type of flooring also has antimicrobial properties that decrease the mold and bacteria in your home.
Cork Floor
Cork flooring is one of the most sustainable types of flooring. It is made of natural cork, and it has excellent thermal insulation properties that make it a good choice for homes with cold winters. Cork floors are also noise resistant, so they are perfect for those who need peace in their home environment.
Vinyl Floor Covering
Vinyl is a great option for those looking to save money on their floor. It also doesn’t need as much care as other types of floors, and it also comes in a variety of styles! Vinyl can be installed over existing surfaces such as tiles or wood, facilitating the replacement process.
Engineered Wood Flooring
Engineered wood floors are made with a combination of high-quality, engineered wood and synthetic material layered together to create an incredibly durable floor. These materials can be used on their own or together with each other for the best custom look. By installing this floor, you can get all the benefits along with some nice extras.
In the End
The floor you choose can significantly affect the appearance of the property. Don’t save your flooring just to save money – it may cost you a lot more lost profits along the way. The important thing is to look at what your potential tenants or buyers will expect, and make sure you meet those expectations while of course managing costs.
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6 Types of Floors Notable for Your Investments in 2021
- Published in flooring, International, Real Estate Investments
Snazzy Blue Accent Interiors & Summer-Ready Roof Terraces
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Bright Blue Accent Interiors bring vibrant energy to these two unique home. Bold artwork and contemporary furniture choices form a beautiful aesthetic that keeps the eye engaged and the mind open. Our first blue accent home interior has a youthful, fun and welcoming spirit, communicated through confident use of patterns and idiosyncratic elements. Our second prominent home is a chic mid-century NYC marquee, where unique furniture, stunning lighting, colorful gallery walls and luxurious blue statement pieces form sophisticated elegance. The two homes have some glorious, summer-ready terraces that are fully furnished and elegantly decorated for socializing, resting, dining and enjoying sunny days and mild nights.
An attentive blue and yellow regional rug sends energy through the living room of our first prominent home. A pair of nesting coffee tables lay a soothing full-white accent on the dense pattern, and clean white sheets dress the windows. A Seleti-style Simia lamp playfully swings between the folds of the curtain.
La Lunar table lamp designed by Lee Broom carries the beautiful golden finish aesthetic on the opposite side of the room.
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Snazzy Blue Accent Interiors & Summer-Ready Roof Terraces
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Warm Interior Decor With Comforting Soft Forms
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Comfortable soft curves and a fusion of Warm Interior Decor make up these two quiet modern interiors. Touchscreen curves form the main furniture and spotlights create a calming and peaceful setting for all that everyday life has to bring. Our first outstanding home design travels to us with marble, raw stone and wood lattice texture, easy natural color tones and chic design touches. Our second home tour is an elegant and spacious modern residence with a real focus on comfort. Cushioned soft lounge furniture, a roaring modern fireplace, three relaxing bedroom projects and a dreamy artist living room will make you never leave.
The modern tufted chair is the lounge chair designed by Viggo Boesen for & Tradition.
A wooden mouarabi screen divides the hall from the hallway while allowing a light part between the two zones. Modern wall lighting causes a subtle glow in the home entrance, illuminating a decorative wall mirror, a modern puff and April side table by Alfredo Häberli for Nikari.
As we enter our second warm and comforting home project, we discover more soothing curves under a soft monochrome. A large area rug sets a soft base for the conversational seating arrangement. The TV can be hung in this room, but the chairs and sofa positions tell us that interaction is key in this comfortable home.
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Warm Interior Decor With Comforting Soft Forms
- Published in Architecture, Architecture Design, Art, decor, Decoration, Design, Design Gallery, Designs by Style, Featured Articles, Home Decor, house decoration, house design, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, Investing In Best Deals, Investment Tips, monochrome, warm
Neoclassical Interior Spliced With Sage Green & Pink Decor
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A lovingly preserved historical heritage brings Neoclassical Interior complexity to this exquisite apartment that overlooks Bolshoi Prospect, in the very heart of the Petrogradka district of St. Petersburg, Russia. Displayed by Rindes, this elegant apartment features original crown molding and deeply decorative stucco molding through impressive high ceilings. Wainscotting has been manipulated to disguise interior doors, and unique paint effects distort spatial perception under a subtle muted sage green and red pink palette. Curly, contemporary furniture and modern decorative accessories create a clean juxtaposition against the more decorative elements, while striking modern lighting fixtures add a fresh sense of grandeur. A floor plan is included at the end of the home tour.
The regularly spaced modern wall lamps are inspired by a traditional candle lamp. The lights accentuate smart theft, which is covered in a chic crown. A traditional fireplace received an upgrade with a coat of bright sage green paint. The soft accent color inspires life in the delicate chamber palette.
Opposite the sofa, a floating TV carries a fashionable ribbed aesthetic under a luxurious black marble top. A decorative vase slightly adds to the linear piece that connects it with a frame of exquisite woodwork. Glass doors on either side of the TV wall show a bit of a second living room area with a delicate red-pink painted fireplace.
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Neoclassical Interior Spliced With Sage Green & Pink Decor
- Published in #homelibrary, architectural wonders, Architecture, Architecture Design, Art, creative, creative home design, decor, Decoration, Design, Design Gallery, Featured Articles, green, house decoration, house design, House Tours, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, neoclassical, pink
Panama Market Report: Prices Jump in Q2
When Panama reopens, property buyers seize major properties around Panama City. In the second quarter, Punta Pacifica Realty continued to see unprecedented sales and rental activities, particularly in luxury real estate offering comfortable styles.
According to our latest data, sales prices in the second quarter grew 5 to 7 percent in top buildings from the last quarter of 2020. It becomes harder to find motivated sellers and buyers begin to compete for major real estate. With the low prices of quarantine in the past, FOMO – fear of missing out – is becoming a reality, with lower-quality resale homes on the market and many of the city’s major developments selling out their best prefabricated units.
In the second quarter, we saw many of the same trends we identified in the first quarter continue as more countries around the world relaxed restrictions. We posted record sales in the first quarter and we surpassed those numbers in the second quarter. Although rental prices are still declining from their pre-coveted numbers, occupancy has grown significantly across the PPR portfolio of more than 300 properties, with occupancy levels steadily above 90 percent.
Again, we see the huge performance in the high-level developments, especially the few developments that offer an aquatic lifestyle. Sales on Ocean Reef, the man-made islands in the Gulf of Panama, are on fire. The first phase of Seascape, the charity community on the second island of Ocean Reef, is now completely exhausted. The second phase Seascape was recently released by advertising “family and friends” and nearly 70% sold, even before the official launch, with 11 sales in recent weeks.
Construction began on Seascape, which usually signals the next phase in prebuilding prices. But with such a limited supply available, we doubt that the remaining units will last very long.
Across Panama City, we have seen a focus on high-quality units with superior amenities. With many buyers worried about the changes in the global economy, this is a classic “flight to quality.” While many buildings in Panama City see little or no sales, the main buildings are very busy.
Marquises are still in high demand. During the second, two marquees in Seascape sold, for $ 1.9 million and $ 1.2 million, respectively. The last apartments on Waterfront 21 sold for close to $ 2 million. In Almar, the last units were also sold for $ 2 million and construction has begun, another sign that Panamanian real estate is in the middle of a healthy cycle.
Investors continue to focus on resort accommodations with the highest quality amenities. In the second quarter, PPR signed 14 sales contracts in the Yoo Panama at Balboa Avenue and 11 contracts in The Ocean Club, the waterfront tower that remains the icon of Panama City.
Wanders and Yoo, the much-discussed designer-centered downtown tower, continue to attract investor attention. The tower touches on many of the recent trends, including a holiday lifestyle, main amenities and main location. PPR’s sales team put together six new sales contracts for the Wanders and Yoo in the second quarter.
Similarly interested in Santa Maria, the gateway golf course community minutes from downtown. The House of Fendi House – another international designer name – and the Reserve were particularly popular, largely due to a drastic increase in buyers from Peru looking for a home with more political stability.
In the second half of the year, we expect continued investment flow from Peru and other regions experiencing political turmoil in South America as travel borders begin to relax. We also expect increased activity from Canada, which saw nearly zero trips during the pandemic. As active as it was through the first half of the year, we expect to see growth in interest as more markets open up to travel; we are still a long way from “normal”.
As we return to a fully open status, we will continue to follow many of the trends that propelled the Panamanian market ahead of the pandemic. Economists predict solid growth in Panama over the next two years, led by commercial, mining and infrastructure projects that have always made Panama a solid investment.
In addition, the international community is just beginning to absorb the recent changes to the housing programs in Panama, including a new form of “Golden Visa” launched last November. The new Visa Investor of Panama provides an easy way to housing to invest even just $ 300,000 in real estate.
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.
Panama Market Report: Prices Jump in Q2
- Published in International, panama, panama real estate, Real Estate Investments
4 Tips for Selling a Home in a Bad Neighborhood
Location is a valuable factor in real estate. Selling a great house in an undesirable place may prove to be a challenge for many homeowners. Often, potential buyers tend to ignore homes in bad neighborhoods or try to extend the sale price to the lowest possible amount. If your house is located in a bad area, you need to come up with a game plan to draw the attention of prospective buyers due to its lack of charm. Here are some helpful ideas to get you started.
Highlight the boundary appeal
While you can do nothing about your neighborhood, you can try to change the prospects of your potential buyers by highlighting the bright appeal of your home. You may not be able to control your surroundings, but you have complete control over the outside of your home. Be sure to mow your lawn regularly, remove all debris, dirt and dead plants. Consider landscaping your yard or starting a flower garden to make it more attractive. The goal is to make the exterior of your home as attractive and attractive as possible to attract home buyers. Ask your neighbors if you could clean their yards if you feel this will help boost the sales value of your home.
Understand your audience
Knowing your target audience will also help you sell your home. Remember that every buyer is different, and what can attract them can be a disadvantage for some. For example, if your neighborhood doesn’t have a quality school district nearby, it can attract single-family homeowners or couples without children, or your house may be on a busy and noisy street, but is close to essential establishments. Watch the neighborhood for any positive aspects you could focus on. Think of innovative ways you can transform the weaknesses of your region into strengths. Consider targeting one-home buyers, as they tend to be more versatile with their budget.
Be flexible with the price
Ekde location is one of the must-haves when buying a house, you need to be realistic when you set your sale price. Make sure to price it accordingly, but avoid starting with the lowest value so that you can have a more hesitant place if you need to drop it later. Check the price range of the other houses in your neighborhood. Be sure to address first-time home buyers and offer them a competitive price. If you are comfortable dropping the price even lower, avoid doing so expensive home renovations and upgrades, as you may end up spending more than you should.
Seek professional help
Selling your home without professional help can be difficult. It is important that you find someone reliable and experienced in dealing with such cases. You can either hire a real estate agent or work with a company like KC Custom Communication which can help you sell your house regardless of its condition.
Remember that even if your house is in a bad neighborhood, there are still buyers who are willing to buy it for the right price. You need to set your expectations, work with your resources and adopt a flexible mindset to get the best value for your home.
For more information on the real estate sector of the country, keep reading Feeta Blog.
4 Tips for Selling a Home in a Bad Neighborhood
- Published in International, Real Estate, Real Estate Guide, Real Estate Investments, selling house, Tips & Advice
51 Home Library Designs for Book Lovers
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Home libraries are places to escape, get lost in the pages of adventure, romance, deep study or self-reflection. While screens have their place in our modern lives, nothing quite resembles opening a new paperback or revisiting an old favorite. The relaxation of looking through those familiar smelling pages is a completely different form of reading than being bombarded with blue light. These special moments deserve a special place, so we’ve put together 51 home library projects that will keep you in love with books for hours – grab a pot of tea and a packet of cookies to keep you going!
Are you trying to find enough wall space for a complete home library installation? Fear not, tailored bookshelves can be shaped to fit around any corner, corner or faucet. This set encircles the edges of a partition between the living room and kitchen, rounds the corner into a short corridor and fills the TV wall to light up.
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51 Home Library Designs for Book Lovers
- Published in #homelibrary, #librarydesigns, architectural wonders, Architecture, Architecture Design, Design, Design Gallery, General, Home Decor, home library, house decoration, house design, interesting designs, interior, Interior Decoration Ideas, Interior Design, interiors, International, reading nook, reading space
How Long Will The UK Hot Property Market Last?
There has been a major boom in the UK real estate market recently. According to the Halifax House Price Index, house prices have seen 9.5% annual growth since May 2021.
However, since the beginning of July it seems to have fallen slightly – the first since January – with inflation falling to 8.8%.
So, does this mark the end of the fastest period of British market growth since early 2018? It’s hard to say. Here are some perspectives on the current situation.
The Stamp Tax Holiday
One significant factor in the recent market soak is the end of the stamp duty holiday.
This freeze was introduced as a potential countermeasure to the COVID-19 market, giving a boost to those potential buyers whose finances were depleted by the pandemic.
However, it has been announced that as of July 1, 2021, the tax holiday will end and disappear completely by October 1, 2021.
Naturally, this has sparked some race to save money on real estate purchases before fall, which is likely to explain the slight decline.
Low Deposit Mortgages
With house prices rising recently, it seemed almost inevitable that first-time buyers with lower budgets will be among the hardest hit.
To address this, many lenders have begun to provide mortgages with few deposits, with many banks offering rates of 95% or even higher.
Although this has undoubtedly encouraged sales, the caveat is that buyers can only borrow amounts that fall below the lending limit introduced in 2014 to reduce domestic debt after the 2008 financial crisis.
“Borrowing at this level almost always requires significantly high income and other strict conditions so that the security of the lender is adequately protected,” commented Ruban Selvanayagam on the national We Buy Some House Company Property Solvents.
This means that there is a very tight window in which house hunters must enter in order to make a purchase.
High Demand
As a result of leaving and working from home, many homeowners have reassessed their property requirements. For example, more people than ever are looking for homes with larger rooms, possible office spaces and outdoor areas to more easily coexist among members of the same household and share a workplace enough for long days at home.
This has influenced a significant increase in demand after the outbreak of the pandemic, while supply remains relatively low. In such cases, prices inevitably rise.
So, How Long Will It Last?
Former Bank of England economist Andy Haldane cites the imbalance between supply and demand as a key factor that will continue to drive up prices.
A spokesman for SPI Capital’s real estate consultancy suggested that because there has been no real rise in interest rates, sellers remain hesitant to put their assets on the market – resulting in further depletion of supply.
However, it is possible that with a huge percentage of the British population now vaccinated, homeowners will feel more confident selling their property thanks to the perceived lower risk.
Many who are eager to sell their properties as quickly as possible after the country’s recent “reopening” may decide to use fast home selling services, enabling them to sell their home for cash in just 7 days and reach up to 75% of its market value.
Despite the above-mentioned factors, it is worth noting that due to the dizzying heights to which the housing market has now climbed, there is a greater risk of a sudden crash influenced by external factors such as a national or global recession.
In addition, the significant decrease in household income as a result of the pandemic is likely to have an effective impact on the market.
These elements make the future of British property unpredictable, despite measures taken to keep it as healthy as possible.
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How Long Will The UK Hot Property Market Last?
- Published in International, Real Estate Investments, UK property, uk real estate