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Monthly Archives: December 2017

Prepare Your Land For Sale

The common reasons why people or companies purchase land are, either to build a residence or an extension of an existing building or to keep it for investment purposes. When you own a piece of property, it will be necessary for you to decide which purpose your land is best suited for. This will help you in carrying out appropriate advertising and marketing it in the right direction. However, if you have bought a piece of land for investment purposes, then that does not mean that you cannot look for buyers. Many buyers could be interested in your land and maybe your land could be exactly what they are looking for.

Before selling your property, the first thing you need to do is to decide on particular asking price of the property. For this you will need to take into consideration the prices of buildings and properties that are located around or near your land. This will help you in getting a general idea about the cost of the properties in your area. Furthermore, you can also get a professional surveyor to come and provide an estimate cost of the property. A surveyor will carry out a complete once-over of the property’s condition, amenities offered and any repairs that are required. A surveyor can save you from a lot of embarrassment and loss, if a prospective client comes and finds faulty equipment or improper construction. If any repairs are needed, then they can be carried out beforehand, so that you can charge a nice price to the customer.

The next thing you need to decide is the marketing tactics that you plan to employ to provide you with maximum chances of success. One must realize that land cannot be used for any and every purpose. Residential properties can only be used for residences, while commercial properties are best suited for commercial activities. So, remember to market the property accordingly. Do not attempt to show the property as something that it is not. There are various methods which can be employed to get the message across that you are planning to sell your property. Newspaper articles, classifieds, bills, flyers and pamphlets are good ways to reach out to a large number of people. If not, then you can always put up a sign with your name and contact information.

Since properties can be used for investment purposes, it is necessary that you are able to get a good price for your property, so that a handsome profit can be earned by you. With proper practice of these steps you can earn for yourself a good amount of profit and live a comfortable life.

Term Benefits Of Mixed Use Development

Since the 1980’s, people have been leaving the suburbs and moving back to the city, and developers have been busy answering demands for more efficient housing – and to do this, they’ve begun to revive and reinvent an old idea.

Diversified Neighborhoods

Mixed use development means more to communities than extra coffee shops and boutiques. It means economic growth and diverse living options. Back in the 90’s, Chicago’s government began offering incentives to condo builders to provide low-income housing in every structure built. This has been largely viewed as a huge success. Other cities followed Chicago’s lead: Louisville, Dallas, Los Angeles, and a plethora of other cities have reported successes implementing the scheme as well.

Economic Growth

Not only do construction and labor costs play a role in the economic boom of mixed use development, but growing businesses have benefited as well. For most structures, the bottom floor is zoned for businesses, whereas the upper floors are used to house residents. Essentially, a customer base is already in place, which makes these developments extremely attractive to small business owners trying to get off the ground. As these businesses grow, so does the money. And because of the nature of these companies, the money stays right there in the neighborhood and cycles through the local economy.

Bringing People and Business Together

Mixed use development is unlike a standard apartment complex, where people live as strangers and usually don’t get to know each other. For one thing, apartment complexes do not have coffee shops and grocery stores conveniently placed on lower floors. In fact, a resident’s trip to a distant grocery store could actually cost the community, as the money spent is then concentrated in another city, and the community sees little benefit from it. In a mixed use setting, people shop right in their neighborhoods, meaning that the money stays within the community. This means tax revenue for the city, and the way taxes trickle down is largely determined by community representation in the city council or some other governing body. A sense of communal relations develops, resulting in an “us” attitude as opposed to the old “me” attitude. This is the kind of attitude that bonds neighborhoods together.

Mixed use development is good for businesses, the community, the residents, and the investors. Not since the 1920’s has such an interest in these developments been realized in cities across the United States. Community members are responding with enthusiasm to these developments, and experts believe that by 2018, a majority of inner city residents will live in or near structures that house both businesses and people.

Flip Houses Without Using Your Own Money

Although it is true that when you invest in real estate it is much better if you do have your own money, it is highly possible to use “other people’s money” (OPM) as your entire investment. What you need to do is find an investor who will lend you money. You will use this money to buy and refurbish the home. Then you pay that lender interest on that money.

There are actually several places you can look when you want to start doing this. One way you can do this is to take on a partner who is looking for a great investment of his own. He could be a business colleague, a friend, a relative or another prospective real estate investor. It may take a little ingenuity, but surely you can think of someone who will fit the bill. All you need is someone to finance your ideas while you do all of the real work on the home itself. Tell him you want to split any profits equally with him. Eventually you will locate a taker.

Another possible type of investor for you is known as a “hard money investor.” This person will typically lend you the money you need but charge an extremely high interest rate to you, sometimes adding points in addition to that. If you really think you have a good deal on your hands; even with the high interest rate, it will ultimately pay off for you. The best thing for you here would be to pay off the loan relatively quickly so that the dollar amount of the interest does not pile up.

Yet another possibility exists for you which might be your best option. That is to find a private lender. They are normal people; like you and I, who have more money than they know what to do with and want to invest it. They will not necessarily be looking for an investment; however if you approach them with your idea, they may well accept it. You do not have to worry about anything illegal taking place here, the money is totally legitimate. It usually comes from their mutual fund or 401(k) investment fund that keeps accumulating for them. These people often would like to find something useful to do with this money rather than just watch it sit in their bank. Again, all you need to do is ask them.

The best thing you can do when approaching somebody to invest in your idea is know what you are talking about. You want to answer all of their questions and assure them you are not planning some shady scheme to steal their money. This can be a great investment idea for both of you if you know what you are doing and play your cards right. Have fun!

Fall-Proof Your Home

There’s more at play here, and you should be aware of it to make your house fall-proof, especially for the sake of the kids and the elderly. Let’s look at how you can fall-proof your home.

Clear The Floor, Make It Easy To Move Around

Everybody cleans up their house. But, when the weekend arrives, people get lazy and the floor gets littered with things. To fall-proof your home, you must first clear the space and leave enough room for walking around comfortably. Rearranging the furniture also goes a long way towards helping avoid falls.

Especially tape the wires that are lying around, and secure the power cords onto the walls or desks. You must also take care while mopping, as slippery floors are very dangerous. Use of rugs and mats with anti-skid backings also adds to the safety.

Work The Stairs: Declutter, Repair, Light It Up

Stairs are another source of frequent falls at home. It is important to keep the staircase clear and accessible. Never leave items like books, clothes, or anything else on the stairs, even temporarily. Some homes also have pots on the stairs, which, ideally, are not safe. Repair any woodwork on the stairs and ensure the handrails are firm and well in place. It is also advisable to install lights for the top and bottom stairs.

Fix Up The Bathroom

Check for the electrical network and switches. Water and electricity together are dangerous for safety. And make sure your bathroom floors don’t retain water. In addition, install grab bars next to the commode and the bathtub. Use a rubber mat, and install stick strips wherever necessary. You can buy the latter from any home center or hardware store.

Make The Kitchen User-Friendly

Reorganize the kitchen such that the kitchen wares and accessories used repeatedly are the most accessible. If you frequently need to use jars from the top shelves, buy a grabbing tool, and don’t leave spills unattended.

Change Up The Bedroom For Safety

Generally, the bedrooms need to be well-lit. During the nights, the path from the bed to the door, and the path from the bed to the bathroom need to be visible and easily accessible. This depends on the placement of the night lamps. Also keep the telephone close to the bed and the torch nearby, in case of an emergency.

Remember that fall-proofing your home should not be restricted to the indoors. But the best thing to do is to start the process indoors. Well-lit spaces, cleared floors, and conveniently sized stairs will drastically reduce the chances of a fall.