Monthly Archives: May 2016

Commercial Real Estate CyclesReal estate cycles are influenced by market fundamentals precipitated by the stability of the financial markets, the actual and perceived robustness of the economy, buoyancy of property classes within the sector, etc; this underscores the factors which are instrumental in determining the performance of asset class. However, the viability of individual properties are primarily local market driven influenced by the forces in the microeconomic environment inclusive of supply and demand, zoning ordinances, building codes, entrance or exit of industries, population shifts, etc. However, macroeconomic forces e.g. a war, recession, instability in foreign economic markets, subprime market collapse, etc are influential in determining the stability and resilience of local markets as their effects filter down to the local level.

Fundamental and supplementary factors are:-

Demand for Space - is characteristic of tenants' sentiment in relationship to the performance of their businesses. The level of optimism associated with tenants operating a growing, stabilized or shrinking business drives the demand for expansion, maintaining current occupancy rate or contraction of needed space. The demand for commercial space is a derivative of where the business is in its life cycle and senior management's governance of a space management system tied to business performance.

Housing Supply - is influenced by macro and microeconomic factors which effectuate the performance of the economic environment, business environment, demand for housing, etc. Consequently, if conditions warrant an increase in construction to satisfy the demand for additional real estate to be put online, it will occur in response to the market. Being there is a time delay in the developmental process from concept through project completion an oversupply sometimes results as multiple developers over saturate the market with their respective parcels of real estate. This leads to supply exceeding demand and the equation shifting with an imbalance of excess supply in relationship to demand.

Population Characteristics - influence real estate cycles through demographic makeup which are determinants of family structures, disposable income, desired housing, community amenities, etc. Population shifts can affect where are the hot spots for real estate acquisitions and developments and the market prices.

Social Attitudes - determine if markets are pro real estate or anti real estate from a developmental standpoint. Some communities desirous of maintaining their autonomy and historic identity are resistant to the construction of new real estate and even industry, e.g. Home Depot. Conversely, there are communities that embrace progress and create an environment with incentives to attract new development with its resultant taxes for the community.

Tax Issues - the tax laws in place can be instrumental in creating favorable or unfavorable real estate environments. Tax credits and incentives are attractive to developers if other market factors are supportive of project feasibility.

Business Activities - the performance of the business sector is impactful on the robustness of real estate markets and affects real estate cycles. The unemployment rate and the general confidence people have in the stability of their industry, employers and the economy determine their propensity to invest in businesses, housing, investment real estate and their ability to quality for funding to secure these purchases and/or the willingness to risk capital.

Supply of Money for Financing - the abundance of available money, interest rates, terms, etc can help to expand or contract the real estate market. Developers, investors, homeowners maybe in the market to develop or buy real estate; the money supply has to be adequate with rates and terms that allow an acceptable return on investment to compensate for the inherent risk associated with all real estate investments.

Commercial real estate cycles have factors which occur sequentially and/or simultaneously during the period. Different markets are impacted to various degrees by the factors and their ability to rebound also varies. From an investment perspective, when the market is down and real estate can be acquired at a discount and held until the market recovers, appreciation in value can be captured and/or extracted from the property when the commercial real estate cycle is in an upward trajectory in terms of market value.

House For Maximum Price And Quick SaleThere are a lot of articles regarding home selling tips, and my goal in this article is to offer a few things that are both obvious and not so obvious, but hopefully fresh and doable, instead of a whole bunch of crap no one will actually do anyway. Some tips will cost you money, and some will simply take some effort, but all are focused on maximizing the sale price and creating desire in a potential buyer. If you are a do-it-yourselfer, all the better.

There are some things every home owner should do, like maintain records of repairs and upgrades and keep a folder of all your utility bills. Knowing the average cost per month to keep the utilities on is important for all homeowners. Here is a list of things every homeowner should have:

  • A list of the features of your neighborhood (like where the police and fire departments are and where the post office is as well as schools and where other civic facilities like public pools and fitness centers are).
  • An understanding of the basics of selling a home before calling a realtor.
  • All the receipts of repairs and utility bills for at least a full year.
  • A running list of renovations and upgrades, with installation dates and costs.
  • Up to date yard maintenance.
  • Installation dates of the water heater, furnace, air conditioning unit, roof, stove, dishwasher and any other fixed appliance in the house.

That should keep you busy for a little while. Next, you should begin valuing your property. You can call and get a comparable price from a realtor, but they will quickly begin to press you to sign a sale contract with you. Before you do that, you can ask several realtors what the "high", "median" and "low" price per square foot is in your neighborhood. That will give you a pretty good idea about where a realtor might price your house. Once you do decide on a price, set it and stick to it. Do your research first.

Decide what you can do yourself and what you will need to have done professionally. Be honest. You will have to disclose the defects of the house at closing, so you may as well write out everything that you know is wrong with the house and let prospective buyers read it. It will weed out the less serious buyers, and that'll save you a lot of time in the long run. Walk through your house and write down everything you need to do to prepare your home for listing. It will become your "to do" list.

Talk to as many people as you can who know something about buying and selling houses, even if it's just a friend who recently purchased their home. They may tell you something you had not heard before.

Here's some things to consider once your house is ready to place on the market:

  • Make sure your realtor can write a great ad. Write one yourself and hand it to them if you can improve on their lack of ad writing skills
  • Stage your home correctly. Make sure you keep it clean while the house is on the market.
  • Talk to more than one realtor before signing any contracts.
  • Learn the process of selling, then execute.
  • Print out a map for police, fire, schools, highways, etc. that you can show to potential buyers.
  • Never talk about the neighbors to any potential buyer.
  • Lube the garage door.
  • Paint new curb numbers on your sidewalk.
  • Clean out the fireplace.
  • Make sure the yard is well maintained.
  • Think about your motivation to sell. It will give you ammunition when someone asks.
  • Get an appraisal after you finish getting it ready to sell.
  • Provide all the information you can to the realtor, who will share it with buyers.
  • Fix everything you will be required to fix by a lender first.
  • Fix the big, obvious things next.
  • Fix as many of the little things that will make a big difference as you can.

Finally, here's some things you might start on, just to spruce things up:

  • Light switches and cover plates
  • door knobs and hinges.
  • Broken screens
  • Leaky faucets

Remember, be honest and put as much effort into preparing your house for resale as you possibly can. It will pay off when an interested buyer makes an offer.

Office Spaces For RentFinding a perfect office spaces for rent is very important in conducting a successful business. There are many ways that you can take advantage in order to ensure that your business is going to get a boost in profits. Before taking a commercial space, you have a few factors to consider. You should be aware of the sufficient equipment, capital, manpower and facilities. It is necessary to look for an ideal business address for your business operation. It can ensure the right atmosphere to manage and carry out business activities. Conducting a business may involve your money and time as well as the energy.

When it comes to choosing the office spaces for rent, it can deliver you exceptional benefits that you should know. If you have a meeting to hold, it is necessary to rent a meeting room. If you don't have so much time, you should consider picking a fully furnished and managed office space that comes equipped with full facilities and equipments. Sometimes, you may have so many options in your mind so that you may wonder which one can be suitable for your business operation. It is designed to help reduce the company overheads as opossed to owing a a premise.

When selecting the office spaces for rent, the first thing that you need to think about is about the size. You need to find a space that can easily accommodate your employees. You should notice that a commercial space that is too large will end up spending much money. Sometimes, you can find a company that is recognized and thus able to offer you high quality services in a strategic manner to the success of your business. Of course, you should see a company with a knowledgeable staff that is able to give you reliable business advice according to the competitive market.

The office spaces for rent can offer a place where you can meet with your clients. It is imperative for the people to think about he size of the possible location they will be carrying on their business within. The space should be enough to accommodate all current employees and expand your business in the future. It is important to find a space that can easily be expanded without actually incurring too much money when attempting to do this. It can offer a lot of benefits, such as easy access to the covered parking, to the elevators and of course, the public transportation nearby.

What To Do Before You MoveWhen you are planning to move to another area, it’s not just stuffing your belongings in your car and leave for the new place. There are some things which should take care of before moving to a new place.

Change of address submission

Changing the address is easy with the help of change of address packet. You can pick up a packet from post office at any time. There will be a form in the packet which you have to give to your postmaster after filling. When all of your family members are sharing the same last name, one form will be enough for your entire family.

Sending postcards to your friends and family is also a good idea. You can get these cards from some store, and some removals companies are giving their customers free “we are moving” cards according to their requirements.

Make necessary transfers

When you are managing the move, transfer of important documents could be forgotten in the rush. This will cause you lot of inconvenience after the move. Especially when your children have to go to school and the necessary documentation from the previous school is not transferred yet. There would be a lot of medical history of your family which should take care of properly. Contact your physician and get the record of your medical. This will help the physician at your new place to understand your case easily. You can also ask your physician for recommendations in the new area.

Your insurance policy is also affected by your move. Some policies get void when the client has moved to another place without prior notification. Take care of your property and medical insurance before making the move.

Keep the documents safe

There are always chances of accident when you are moving to another place. You should ask your removal company about the insurance. Most companies offer their clients partial and full removals insurance for the move. If your company is not giving insurance services, then contact some local insurance firm and get your stuff insured. Loss of some items is bearable but when you lose you important documents, it can cause some serious problems. To make sure that your documents are safe during the move, take some precautionary measures. Pack the documents which are important to you in a small fire proof box. These documents may include:

• Birth certificates of your family

• House purchase papers

• Financial records

• Insurance policy documents

• School / Collage certificates

Contact your Bank

It is very important that a few weeks before moving, visit your bank and arrange your account transfer to your new place. When you are just switching your branch, this transfer is easy. But if you are moving to a place where your bank is not offering its services, you will have to close your account in the bank and open a new one at your new place. Also tell your debtors to deposit the cheque in your new account. Don’t rush in closing the old account; there might be some outstanding cheques. Also transfer the contents of the safe deposit box to your new bank safely.

Get map of your new place and try to know your place a bit. This will help you in finding suitable places for your family to visit after the move.

In London, an experienced removal company is exceptionally troublesome to find. Attaining the services of an association, which does the relocation as per your plan and necessities, is a very difficult. For finding an association, it is preferable to counsel a removals index to discover a local removals firm which is professional and suitable to make the move for you.