Archive for July, 2011
Investing In Commercial Property Apartments:
Another type of income generating property is known as serviced apartments. In Africa this is not an established system of property investment but in Europe America and other developed countries of the world this is a money spinner. However recent development shows that this type of property investment is gradually gaining ground in Africa. Investment in serviced apartments requires that the property must be strategically located. After all location is the principal language in the property market. In order to fully understand this service apartment simply means an apartment that has basic and common furniture basic household amenities and needs which are designed for a short occupancy. What the property owner i.e the investor invests here varies from person to person. In some of these apartments the investor provides other additional amenities like laundry car services cooking escort and domestic assistance. Some may equally include hair dressing/ barbing solon.
Serviced apartments can be said to be in the same category with hotels. It has no limitations on what should be included in it. It all depends on the strength or taste of the investor. Some people argue that that since there are hotels that the services of these apartments are not necessary but one thing to note here is that in any business there is bound to be competitions and once the competitions are healthy it is good for the growth of that business. During these competitions the main driving force most of the times is usually price though not always. So what I am driving at here is that because the services in these apartments are relatively cheap compared to the same service in a standard hotel the investor is sure to get a nice percentage of patronage from the holiday makers and those on honey moon.
There are exceptional cases where services in these apartments costs higher than what are obtainable in hotels. This could be as a result of several factors. The idea behind serviced apartments is to cater for stays but that does not always have to be the case. It all depends on what the investor have in mind while investing. The investor need to sit down first and figure out exactly what he wants or intends to gain from his investment in a particular area then check whether that particular location is viable for that type of investment or not.
Customers that are mostly targeted in setting up service apartments are couples on honeymoon businessmen and women on business trips travelers for one event or the other etc. So in setting up serviced apartments it must be calculated and arrived at the conclusion that the site falls under any of these categories and once it is so there is bound to be customers patronizing your business and what that means is more money being deposited into your bank account.
About the writer:nbsp;nbsp;ThankGod Eze is a pastor with the mountain of fire and miracles ministries Lagos Nigeria. He is an investment analyst with a passion for investing in stocks and the property markets. My investment aim is to discover hidden but potential investment windows that guarantees maximum returns on invested funds. This site http://propertyinvestmentideas.blogspot.com is set up to give free professional investments ideas about the property market.
Interviewing Your Toronto Real Estate Agent
Choosing one Toronto real estate agent from the many available can be a daunting task. Many people will work with an agent because a friend or associate recommended them. This is a great start but you need to meet the agent and talk with him to decide if he is the bestsuited agent for your specific situation. Agents have different competencies; some are more competent with selling and are therefore more helpful to the seller while others are skilled in buying. Moreover some may be very familiar with various neighborhoods property types and price ranges than others. This is the main reason why some agents may be good for you while others may not.
Some of the places where you can find agents include affinity groups websites and credit unions. These are great places to start the process but they should not be the end. In order to get the agent that will meet your particular needs it is important that you first make a list of the various agents you have met on websites open houses affinity programs or those that have been recommended to you. Once you have done this interview them so that you can find what you are looking for and find out what their qualifications are for the job.
You want to find out if the person you are dealing with is licensed to sell property in Toronto before you can start the transaction. Then move on to asking specific questions about them. Find out if the person works in real estate full time or if they just dabble with it on the side. A full time Toronto real estate agent will have more time to work on your deal and will also have more experience. Additionally ask about any professional designations he or she may hold and if they are a member of the multiple listing service of the city of Toronto.
Asking after his track record is also a great practice. Find out how many houses he has sold in the last 12 months and ask for references of those buyers so you can call them and ask about the services rendered. If he seems edgy about this or hesitates then you need to be wary of him. You need to find out how familiar he is with the area where you are looking to buy your home as well as the price ranges for that neighborhood.
Ask about the Toronto real estate agents vacation plans and if he will be away in the timeframe you will be buying your home. Also find out if he has an associate assistant or partner that assists him and what their qualifications are. You will need to know the exact process the agent will use to find your home. As you interview be honest about what you require as well as your expectations of the agent. Ask for specific examples of how he helped people in the same situation as you and be keen to check if the agent is responsive and communicative. Having completed your interview make the choice that will meet your needs and you should enjoy a smooth real estate transaction.
About the writer: http://www.MyCityToronto.com is Toronto’s premier online business directory. You can also play games on MyCityGamer Socialize on the Social808 watch videos on MyCityMyTube find local news weather traffic and much more. If you need to find it in Toronto you can find it on MyCityToronto!
Indian Real Estate: Corporate Sales
Hindustan Unilever HUL consumer products heavyweight has begun selling its real estate assets across the country and has even put its landmark Mumbai head office on the market.
Several of HULs residential properties in prime Mumbai markets such as Juhu and Santacruz have been put on the block with HUL putting Property Consultants Cushman and Wakefield in charge of selling them.
As for its Bangalore properties HUL is deliberating over whether to enter into a joint development venture with property developers or sell all 30acres of its Bangalore property in Brookefields. To that end HUL has been in touch with various real estate consultants negotiating the finalisation of a sale strategy.
Over the past one year property prices in Mumbai and Bangalore have witness an over 50 climb so that residential property in Juhu and Santacruz areas ranges between Rs. 14000per sq. ft. and Rs. 20000 per sq. ft. ChurchGate area in South Mumbai housing the companys headquarters and with a carpet area of about 70000 sq. ft. will fetch a hefty premium over the prevailing commercial rate of Rs. 25000 30000 per sq. ft. Not only is it a landmark structure the building also offers parking and garage space. On the other hand its 30acre Brookefields property is likely to be valued anywhere between Rs. 3000 4000 per sq. ft.
According to sources several top corporates have already set their eyes on the marquee south Mumbai headquarters and HULs food division headquarter in Brookefields Bangalore.
For more information on Real Estate Agents MLS visit Propertiesmls.com
Source: IndiaRealEstateblog
About the writer: None