Month: September 2016

When you are finally in your late 20s, the question of where you want to live will be uppermost on your mind. After all, having a place to call your own home is important. Here comes the question – where should you buy?

There are many things to take into consideration. Long-term financial stability just scratches the top 10 of why you should buy a property somewhere or just give it a pass. Many people prefer to buy and then re-sell and are constantly on the move, hunting more expensive properties, but saving from paying exorbitant rent money.

Having a go at a good property yourself is important especially at a time when real estate costs an arm and a leg, and not often stops there. Owning houses is much more difficult for Millennials today than it used to be for their parents. Yet, those people born in the 1990s are better off today, even though they cannot afford their own housing.

It's an interesting and curious phenomenon to observe and one that needs to be addressed. With people raking in college debt and rent prices soaring, the fact of the matter is that not many people today can afford to own their house. What if you are among the lucky ones who actually have saved up for a place to live and call home?

Choose Your Neighborhood Carefully

We have already mentioned that finding a place which seems to be financially secure is what drives many people towards certain areas. Some live in the suburbs. Others prefer to have their peace and quiet and pair this with cheap land in the county side, which is always a good idea if you like to live remotely and far from most other people.

There are determining factors to help you choose where to live, though, and they are equally important. You need to consider general statistics, such as:

• Crime in the area

• Activities

• Communities

• Various services

• Connectivity with the nearest hospital and so forth

There are a lot of things to think about when picking your own home. For instance, can you get locksmith quickly if you have a home emergency? It all boils down to doing your proper research. One additional thing you might want to look into is whether the construction work of the building where you live has been audited by an independent third-party.

Such checks are public record and that means you can make sure that the place where you live is up to all modern standards. Having ensured that the area where you want to live is completely safe and meets your expectations, you can finally move onto making a purchase.

Buy the Property You See Yourself Living In

Being choosy with property is seldom an option. However, if you can afford it, you can hold back on a property that you don't like and save up for something better. Some people are rather hastier. They prefer to save rent money and buy real estate right away and just swap it on the market years later when they have saved enough to buy something better.

You can choose to rent and take advantage of sharing accommodation with other people. Sometimes living with 2 or 3 other people can be quite beneficial for your purse, letting you save up for your own place, although this co-existence will have to be tested and well-calibrated.

Not many people are actually able to live with others for too long, but it might be worth a shot if you want to be a homeowner sooner rather than later. Overall, even choosing where to live while renting is important. You will still want to have access to many services and lead a quality life that you can sustain over the years while you are saving up for a place of your own.

There are many reasons why young people today opt out of immediately buying a home. As it turns out affordability is only one side of the story. However, down payments still have a higher impact on why would-be homeowners cannot become ones.

Other factors include the fact that mortgages aren't granted too easily to everyone and that renting a property is far more convenient, according to some. Many people also cite their mobility as another important factor. Financial stability today is tied to changing living quarters, which is another reason to slow you down on your road to buying a home.

 

Despite what you might think, even a brand new commercial building is prone to suffer from some more or less minor flaws.  Maintenance problems and improperly installed plumbing or electrical systems will all eventually lead to issues that will require the attention of professional handymen.

If your store, office building or warehouse is currently showing signs of issues with the roofing, A/C system, water pipes or electrical outlets, and you are getting ready to sell your building, we warmly invite you to schedule am inspection. If you are the owner, it falls under your responsibilities to be fully aware of any difficulties your facility might be dealing with and sort them out prior to the sell. Let’s see exactly what these inspections can do for you and the buyer, and how to get ready for the inspection itself.

Benefits of Commercial Building Inspections

In order to pre-list your property to sell on the market, you will need to undergo an inspection that should introduce you to any potential problems your building might be confronted with. The same process should also let you decide whether you wish to:

• Handle these issues on your own terms. This will give you the advantage and freedom of hiring your preferred handymen/renovators/plumbers/electricians – people you have worked with before you know are trustworthy, fast and affordable. However, keep in mind you may be also dealing with various delays because of the new circumstances, which could make the sell more difficult.

• Sell the property as-is and simply adjust the selling price in direct proportion to the repair work that needs to be done. Keep in mind some buyers might be scared off by the thought of having to invest even more money in the building, leading to difficult negotiations. Expect some of the people who have expressed their interest in your property to back down from the negotiation table.

What do Buyers Have to Gain From an Inspection?

Buyers are particularly interested in knowing exactly what problems the facility is facing as pointed out by professional evaluators, rather than their inexperienced and untrained eye. While a buyer may come across a large number of issues that might prevent him from sealing the deal and buying the property in the end, it is still a good call to get the inspection.

Plus, as a buyer, you will also have the chance to ask the seller to perform any necessary repairs and renovations prior to buying, drop the price or completely give up the contract. For example, if you are interested in purchasing a land casino, you will need to know how recently the building was renovated, what extra amenities and repairs you may need to do on the gaming rooms, how old are the piping and electrical systems and so on. As opposed to new online casinos, brick-and-mortar casinos do require heavy maintenance and upkeep work.  See if you are willing to handle it.

Keep in mind that you should ask for the inspection contingency when initiating the negotiations, so you can set clear limitations on the repair costs. Should the inspector’s estimate be higher than this limit, the contract will become void. This inspection is, therefore, a good means of staying protected against a potentially bad deal that will leave you with a commercial building that requires expensive repairs that you will not be able to afford or will not be willing to do.

What To Know Before The Inspection

Prior to the arrival of the inspector, you should know a few things that should ease the process . For starters, know there are no federal rules that regulate these inspections. The laws will differ form one state to the other, this is why it is important to work with experience inspectors who know what they are doing and who have a lot of expertise in the field.

Each US state requires specific standards of certification for building inspectors. An inspector with bad reviews and zero credibility will represent a big challenge you should steer clear from.

Make sure you find out exactly what type of certificates your inspector holds and which associations they belong to so you can save yourself the trouble of working with the wrong people. The American Society of Testing Materials features certain requirements its members must comply with in order to be included. They must have minimum levels of experience, on top of codes of ethics they will need to use while performing their duties.

It is best to accompany the inspector upon his or her arrival. Take advantage of the property tour to you can familiarize yourself with the building and all of its facilities and systems and understand what kind fo repairs the inspectors might recommend. By personally seeing the faulty electrical wiring or leaking pipes, you will get a better understanding of what to expect and decide whether to buy or not.

As an owner, you may want to trim all tall trees and shrubs to simplify the exterior part of the inspection. Your property will also most likely be photographed by the same inspector for his report. You may want to hire some expert cleaners to get rid of any clutter and dirt.