Archive for January, 2010
Jaipur ? the Latest Real Estate Trends
Jaipur also popularly known as the pink city is largely famous as a tourist destination. Last few years has seen a lot of developments in terms of IT/ITES companies entering the Jaipur market due to affordable labour and cost of operation. As a result Jaipur properties have seen a lot of developments in terms of property transactions.
As the ratio of demand to supply is deficit, there has been remarkable escalation in the Jaipur properties rates. The infrastructure is now powered by connectivity with the 8-lane expressway and proximity to international airport. This city is set to go up to 25-30% by 2010.
Jaipur real estate builders are of the view point that investors are ready to buy apartments in Jaipur but the demand has shifted from the Walled City or Old Jaipur to locations like Ashok Nagar, C-Scheme and Lal Kothi. Vidhyadhar Nagar, Vaishali Nagar and Mansarovar.
These upcoming residential locations are mainly on the outer fringes of city. New residential projects like Omaxe City, Sushant Lok, Parsvnath Narayan City, Amarpali and Vatika are coming along Ajmer Road, Tonk Road and Kalwar Road.
In the residential segment, Bani Park, Malviya Nagar and Raja Park have also witnessed a decent appreciation in the last two years. Jaipur Real Estate Developers are of the view point that recent trend is seen that most of the investors are readily buying apartments in Jaipur and converting them into serviced apartments.
As most of the tourists prefer these serviced apartments in comparision to hotels as it gives them a homely experience.
Las Vegas Bucks the Real Estate Trend
While the rest country is experience a construction slowdown due to a burst in the mortgage bubble, Las Vegas continues to grow in both the size and value of the real estate market.
Las Vegas’ population blast, hearty economy and job growth are fueling an unprecedented Las Vegas Condo and house building boom, with nearly $9 billion worth of construction projects planned in 2007-08. Construction is Nevada’s second-largest and fastest-growing employer, trailing only gaming and hospitality, reports the state Department of Employment, Training and Rehabilitation.
Construction is now responsible for nearly 150,000 jobs statewide — about 11 percent of the state’s total work force — contributing $5.1 billion annually in wage and salaries, while generating $14.7 billion worth of economic activity.
The Vegas Strip is the primary location with $35.46 billion worth of projects planned through 2010, reports the Las Vegas Convention & Visitors Authority. Construction plans will add 42,092 more hotel rooms, 2,562 timeshare units and 3.49 million square feet of convention space. Another $13 billion in tentative projects could also build 36,703 hotel rooms and 7,088 timeshare units.
The luxury condo and condo-hotel high-rise market is helping keep local constructors busy with 69 projects, totaling 45,616 units, planned in the first quarter, reports Restrepo Consulting Group, a Las Vegas-based economic research firm. While there have been some well publicized cancellations, many other developments are still moving forward.
The South Strip, meanwhile, is a beehive of Las Vegas Real Estate construction activity, AmLand Development/B.S.R.’s $600-million, 960-unit One Las Vegas is taking shape at Shelborne Avenue and Las Vegas Boulevard South. Kansas City, Mo.-based J.E. Dunn Construction Co. is the contractor for the 19.5-acre, five-tower condo complex scheduled to open in early 2008. There are also several other smaller constructions are also going on in the South Strip ranging in size from $90 million to $450 million.
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Is Real Estate Investing Right For You?
The business of real estate investing, contrary to many late night TV programs, can be very complicated.
It is in no way a get rich quick project. For many, real estate investing is just another failed career and it may not seem clear why. However, real estate is an actual business and requires the same amount of time, effort and energy as running any other type of business.
There is a common misconception that when the real estate market is doing well, anyone involved can make a small fortune. Sadly, real estate investing is much more complicated than that.
If you are considering a career in real estate investing, there are a few things that need to be taken into consideration that will help ensure your have a successful and profitable experience.
First, real estate requires a lot of time. If you already have a job and you are not willing to devote an additional 4 to 8 hours per week establishing your new business, real estate investing may not be for you.
This is not something that can be done “only when you feel like it” and be expected to yield profits. The market is always changing and growing, so every individual investor needs to stay on top what’s happening in their local area. You can do that buy talking to a few home sellers every week.
You will quickly learn how to deal with sellers, but you will also find out if buyers are plentiful or scarce in certain areas. That is valuable information that can put you far ahead of other investors.
Money is a huge consideration when deciding if real estate investing is right for you. One of the exciting aspects of real estate is that anyone can get started with very little cash. When you don’t have money or borrowing power you must make up for that with hard work and continuing education.
One of the most popular avenues to successes is rehabbing properties. The key is learning how to buy single family homes or small apartment complexes and renovate them to increase their value. That not only takes effort, but at least some cash.
Short term loans from friends or family often make this type of business very appealing. But don’t fool yourself. You must have the self-discipline to work night and weekends until your project is finished. It’s hard work, but if you have the proper determination you will be very well rewarded.
Business skills are also needed for real estate investing. Generally, investors stay personally involved in the business they create rather than leaving everything in the hands of other members of their team. You will be making investment decision, dealing with sellers, negotiating contracts and managing tenants. Of course, you might consider hiring someone to do much of this work for you, but the more people you hire the less money will go into your pocket.
Yes, you can start small and work your way to a real estate fortune if you are willing to learn at the school of hard knocks. Most people make the mistake of never getting started in real estate, because they never believe they have all the required knowledge.
Here’s a news flash! You will never know every thing there is to know about real estate investing. You must learn on the job and to do that you have to begin talking to people who have property for sale. Ask questions and listen. Do that often enough and you will soon be able to recognize a good deal when you stumble across it.
Every investor should build a library of real estate investing material. It is something you will refer to again and again over the years. Do a little hunting in used books stores and online at sites like AbeBooks.com, BookDepot.com and Alibris.com. Or the Websites that specialize in real estate investing information like CashFlowInstitute.com.
You will pay just a few dollars for the same information that would cost you thousands at a real estate guru’s seminar.
Promise yourself you will begin talking with home sellers this week! Begin by asking why they are selling, what they will do after selling and what their plans on for the sale proceeds?
Do that often enough and you will soon be able to recognize a profitable purchase when you find it. You will be on your way to real estate investing success.
Energy Efficient Homes Stay Cool in Summer
The main cooling control of your house is its design. A well designed house takes into consideration the house’s orientation to make the most of prevailing wind directions and encourage favorable summer breezes.
Window sizes and placement also affect summer cooling. If the windows are located and sized well you can open them during hot summer afternoons and create a cooling breeze flowing through your whole house.
Your house’s orientation and shading features such as window overhangs and louvers effect how much sunlight is captured; a well orientated house will take advantage of the sun at different times of the day and during different seasons. Ensure that windows are big enough to capture free solar energy, but small enough to avoid any unnecessary over-heating in summer. Smaller windows will also reduce excessive heat losses during evenings, especially during the cooler months.
Room location is also important. By positioning the rooms which the family live in on the side of the house that naturally makes the best use of the summer sun, you will improve the amount of free solar heat your house naturally receives. Make sure that your deck also receives sun during the times you want it. Most people love to spend a few hours on the deck at the end of the day. A deck built to capture the evening sun and which is shielded from the wind can be used almost as another ‘room’, perfect for summer parties!
The thermal mass of your home is a key passive design component working like a sponge to suck up surplus heat during the daytime and releasing it later in the evening. Simple measures, such as replacing carpet with ceramic tiles will soak up the summer sun to maintain a steady cool temperature during the day and in the evening. But keep in mind: Thermal mass does not replace good insulation. Both go hand in hand and work best in combination.
If you don’t have a lot of thermal mass available, for example in a home with suspended timber floors, overheating can be a problem. External shades and sun sails can be fitted to complement the orientation of your house and assist with cooling. Tinted windows positioned correctly can also reduce the amount of solar heat entering the home.
Lastly there are also many cooling products available, namely air-conditioning units and fans. Commonly known as active cooling systems these offer a consistent room temperature, while at the same time, deodorise and clean the air, resulting in a healthier living environment for all the family. To maximize energy efficiency and ensure optimum home comfort we at Right House recommend that air conditioning units and fans are used as ‘extras’ supporting your home’s in-built passive design cooling features.
And remember, good insulation does not only keep the heat in during the winter, it also keeps unwanted heat out in the summer, reducing your air conditioning bill.
Home interior tips for comfort and elegance
Home interior decoration is one activity that is very frequently undertaken by households, but little attention is given to the functional value as compared to the aesthetic value while redecorating a house. Everyone wants to make their high traffic areas, like the living rooms, guest rooms, look exceptionally beautiful by using carpets, rugs, wood flooring, etc and in the process they neglect the most important areas like the bedroom, the bathroom and the Kitchen.
Bedroom is like a sanctuary for an individual, and it is of vital importance that the furniture and mattresses in the bedroom provides maximum comfort, along with a beautiful finish to the room. Flooring is an essential element of a bedroom. Beautiful and durable flooring can completely change the landscape of any bedroom. Wood flooring is a good option for a bedroom. It would match perfectly with the wooden beds and other furniture in the bedroom, but proper care and maintenance has to be taken of the flooring to maintain that finish and durability. Other options are laminate flooring and marble flooring. The mattress should be such that it provides maximum rest to the body and ensures a good night sleep.
Kitchen is an essential component of a good home interior décor plan. The color and theme of a kitchen should match with the rest of the house. However there should be a limit to the number of accessories put in a kitchen as they could cause hindrance to the individual working there.
The furniture of a living room should be unique as well as comfortable. The sofa sets, chairs, table etc should match your taste. A bed can also be put in the living room, along with a comfortable mattress to give a more relaxed look to the room. The curtains and the paint on the walls should provide a soothing effect to the eye.
It should be remembered that while looks and aesthetics are important, the main aim of a home interior redecoration program should be to strike a perfect balance between aesthetics and comfort. After all, unless a house offers comfortable living conditions, it would get quite difficult to enjoy the beauty. The maintenance part should also be remembered as well. The furniture, paints, accessories etc used should be durable and easy to maintain. The use of laminate flooring offers an elegant and classy finish, but it requires a lot of maintenance to enhance its durability. Hence other alternatives like laminate or bamboo flooring could be considered.