Month: March 2018
A deck is a person from the most favored capabilities of the condominium. It adds on your living area, provides you effortless access to contemporary air, and delivers a feeling of openness that some condos lack. But a bad deck style and design using a condominium adds little importance. So once you’re contemplating adding to your condominium or expanding your deck, listed below are a few concerns to choose into accounts in your condo deck design.
The Condo Deck: Expansion Troubles
Expanding a condo deck could be difficult. You may must think about association principles, the decking substance, the structural integrity and building permits. But the most significant factor to help keep in head is communication. Be sure you retain open strains of communication with:
The city – make certain your expansion meets all constructing codes;
The condo association – does your planned deck style stick to all association principles; and
Your neighbors – you wish to make certain they may be not likely to complain about your new deck.
Should you’re sure that the deck meets all codes and policies, along with your neighbors have no serious grievances, make contact with your nearby deck design contractor to flesh out the information.
Privateness Accessories for the Condo Deck
1 of the primary issues with condo decks are that they’re very exposed and lack privacy. Decks are sometimes designed suitable following to the other person, so but if your neighbor is acquiring a BBQ, his mates may very well be peering in by way of your back windows. Fortunately, there are alternatives for elevated privacy.
Use bamboo. The inventive planting of bamboo on your cedar deck can provide you a natural privacy display screen with no a closed-in think to it. Plant the bamboo in very long bins along the edges of the deck. Bamboo may be the fastest growing woody plant within the earth, so that you wont have lengthy to wait around for some privateness.
Add a trellis. By including a trellis on your deck style and design, you can produce a partially-blocked, shady effect. For much more privateness, plant climbing vines like ardour fruit in front of it. Other beneficial selections are sweet peas or black-eyed susans, for fall and wintertime or spring protection respectfully.
Privateness curtains. Significantly like you use curtains for privacy as part of your windows, contemplate working with curtains or screens for privateness in your cedar deck. You can find quite a few possibilities for fabric and structure and you can match them for your Portland decking products. But it truly is critical to get rid of the curtains out of your deck all through times of unhealthy climate.
Use Hanging crops. Use hanging crops, placed large up and filled with trailing, busy vegetation, to build a garden deck oasis. Fuchsias and non-aggressive ivy are wonderful for privateness in any deck style and design.
Condo Deck Decorations
A condo deck doesn’t should be boring! Add some character for your deck design with these tips:
Colorful Planter Pots. Personalize your deck by making use of your favored shades of pots for planting your privacy plants, and coordinate the plant hues with all the relaxation of your deck design and style scheme. Sticking with two to three basic hues operates properly.
Outdoor Lighting. Select lighting can bring your deck style and design to living. To build a soft and delicate ambiance, use string lighting across the rail or posts. For a brighter deck, use a hanging lantern or lamp. Pick a fixture fashion that complements your decking components.
Out of doors Furnishings. Even a condominium cedar deck advantages from several pick furnishings. A single or two chairs, a loveseat and/or even a coffee desk will all add to each creating your deck design and style unique and inviting.
Condominium deck design and style might be intimidating, as the area is restricted and there are a lot of factors. But by making use of a few tips, you are able to build an pleasurable and inviting out of doors living room.
If you have a pool at home or a big garden where lots of group events happen, you definitely need a deck box to help keep it clean. You can learn how to build a deck box on your own and it’s not necessary for you to buy one just to be able to have a deck box. There are many reasons why it is important to have it around. For one, it keeps everything in order. It can also contain cold drinks and food for a long period of time. There are just a lot of things that you can do with it, so you better take the time to know how to build a deck box.
It’s pretty simple actually. All you have to do is follow these simple steps on how to build a deck box right from scratch:
Know where to place your deck box – Before anything else, it is important that when you start to learn how to build a deck box you also have a definite idea where you would place it. This will help you consider other important things like the actual size, the materials to be used, how its insides would look like, and how it should be designed. If this is also your first time to create a deck box, you might want to build two at the minimum especially if you often host parties and events at your place.
Allot a specific budget for the materials – When you start to learn how to build a deck box, you will also consider the difference between it and the usual storage space. Deck boxes can be used for housing tools but it can also be a useful tool where food and beverages can be placed. When you host a party in your back yard or by the pool side, expect people to come by with drinks and food in hand. Of course you would not want too many people padding back and forth from the kitchen so with a deck box in place, you can easily provide a solution for this. You can also have cookouts with the use of a deck box. As you start with how to build a deck box, you might need to allot a budget for insulation inside the box should you also want it to function as an edibles’ container.
Have a design and execution plan – An important thing too when it comes to learning how to build a deck box is creating a design and execution plan. This makes things more organized as you delve deeper on learning how to build a deck box. With a plan in place you can really make sure that all sides of the box will fit and perfectly coincide with each other. This also minimizes having to redo everything and going back and forth with the building process.
For locating and securing a mortgage product in Toronto for a residential or commercial property, the best approach for getting a mortgage most suited to your needs is to work with a Toronto mortgage broker.
A licensed mortgage broker working in the Toronto area will have a much better idea of the local market and where the best value for your dollar is going to be found, especially if you need to acquire private mortgage financing or a commercial mortgage loan for a residential property.
Trying to find and understand all the available options on your own is not only time consuming but can also be difficult to accomplish as many mortgage lenders these days do not work directly with the public and choose to work through mortgage broker networks to provide the retail arm of their business.
So when you’re looking on your own you automatically do not have the same access to the market as when you are working with a mortgage broker. And in the case of most residential mortgage financing, the cost of the mortgage broker is being paid by the mortgage lender, so the services and benefits you receive come at no cost.
Aside from finding suitable mortgage programs, a mortgage broker can also be invaluable in putting together a proper application package and leveraging their lender contacts to get a mortgage approved and funded. Botn the approval and funding processes can be more complex than you think and if there are any problems that come up you want an advocate on your side working to quickly resolve the issue.
When you go to select a Toronto mortgage broker, make sure they are experienced in the type of mortgage financing you’re after and that they’re someone you’re comfortable working with as you’re going to have to be working closing with them for a period of time.
All over India, super built-up concept has taken its place in real estate transactions. It is applicable to residential units, commercial premises and now to the open vacant land.
Although, there is no place of such concept in any law for the time being inforce, the transactions cannot take place without it.
Question is, who invented and why ? When builders started selling concepts instead of flats in early 80s, they were asked to sell it on carpet and no due charges were given for the extra amenities they had provided.
The balcony was charged extra premium by the BMC and builder mounted balcony area on carpet area of the flat. And slowly he started adding areas of passage, common staircase, lift wells, compounds, terrace, gardens etc on the carpet area to maximise his profits.
The permissible built up ratio was 18% that time and is still applicable. But the trend changed over the years. Builders started mounting 23% in early 90s then 30% in late 90s and nowadays majority of the builder sells nothing less then 33% to 45% on residential units, 50% to 200% on commercial premises. Government agencies like MHADA, SPPL, DDA and CIDCO are also following the trend.
Landlords are also now very well informed on such practice and hence sell the open land to developers by adding 33% of saleable area.
This is not the practice in Mumbai alone. Ahmedabad, Delhi, Rajkot, Bangalore, Pune, Nashik, Kolkatta, Chennai and elsewhere in India are following the trend.
When Mr. Deepak Parikh, chairman, HDFC, boldly said in CREDAI meeting at Bangalore that the sale must be on carpet area, no developer came forward to announce his intention to sell at carpet area except Mantri Group. CREDAI has itself imposed code of conduct which clearly says that the carpet area must be mentioned in sale agreement. The Confederation of Real Estate Developers Association of India failed to impose such code.
In Model Agreement under Maharashtra Apartment Ownership Act, it is mandatory to mention carpet area in sq.mtrs. And the model agreement is mandatory to be followed for entering into an agreement. But sellers never follows the model Agreement, instead drafts one sided agreement to protect them and attack the purchaser without any fault.
A thought was coined by MCHI office bearer, in a talk show on some channel recently, that we give extra amenities, extra open space, extra lifts and other amenities, we are charging for that. And super built-up area is just a method for calculating the rates. Either you pay Rs. 2600/- as super built up or Rs. 3800/- on carpet, my flat will cost Rs. 18,00,000/- for 2 BHK.
Open spaces are mandatory to be left alone in the Development Rules of BMC. The builder has to keep such open space. By just decorating and using it as USP for the project, it doesn’t give him any reason to mount on the carpet.
It is already written in DC Rules and proven that lift wells and staircase do not count in the total constructed FSI, hence charging such area on carpet is not justified.
Compounds also cannot be charged on carpet, because anything open to sky is not saleable. Non saleable areas cannot be sold by proxy. It cannot be counted in area of occupation. Also, open car parkings are been sold, hence builder should not charge the open compounds twice, once sold as car parking and secondly mounting such areas on carpet. Even open car parking cannot be sold.
Lastly, the customer who register their documents on super built-up area pays higher property tax, society charges for life time. He pays the taxes for lifetime on the area which he is not occupying and only mentioned on paper. Higher stamp duty and Registration charges on super built-up area is also not justified.
It was indeed a great concept two decades ago, but now when transparencies are discussed, the seller must be Caveat Emptor. Let the buyer be beware of everything which he is paying for. Founder Convenor Mr. K.V. Satyamurthy, FAAI rightly raised the voice as “Maap Mein Paap Nahin”. An upcoming rating agency sent a SMS to this author, said “Earth will swell 45%, if developed by a Mumbai developer”
[Counter arguments are invited. Just mail on ]
Condominiums, in law, is viewed differently in some major countries such as in the US. English Common law tradition holds that real property ownership must involve land, whereas the French civil law tradition recognized condominium ownership as early as the 1804 Napoleonic Code; thus, it is notable that condominiums evolved in the United States via a Caribbean government with a hybrid common-civil legal system. It was only during recent years that condo in Philippines became more popular.
In 1960, the first condominium in the Continental United States was built in Salt Lake City, Utah. Initially designed as a housing cooperative (Co-op), the Utah Condominium Act of 1960 made it possible for “Graystone Manor” (2730 S 1200 East) to be built as a condominium. The legal counsel for the project, Keith B. Romney is also credited with authoring the Utah Condominium act of 1960. Romney also played an advisory role in the creation of condominium legislation with every other legislature in the United States. Business Week hailed Romney as the “Father of Condominiums”. He soon after formed a partnership with Don W. Pihl called “Keith Romney Associates”, which was widely recognized throughout the 1970s as America’s preeminent condominium consulting firm.
Although often mistakenly credited with coining the term “condominium”, Romney has always been quick to point out that it harks back to Roman times, and that he merely borrowed it. Nowadays, the leadership of the industry is dominated by Community Associations Institute or CAI. If you want to buy some luxury condo in Philippines, then try and visit an online real estate company.
An alternative form of ownership, popular in the United States but found also in other common law jurisdictions, is the “cooperative” corporation. It is also known as “company share” or “co-op”, in which the building has an associated legal company and ownership of shares gives the right to a lease for residence of a unit.
Another form is leasehold or ground rent in which a single landlord retains ownership of the land on which the building is constructed in which the lease renews in perpetuity or over a very long term such as in a civil law emphyteutic lease.
Undivided co-ownership is still another form of civil law joint property ownership. With his form of ownership, the owners own a percentage of the entire property but have exclusive possession of a specific part of the property and joint possession of other parts of the property; distinguished from joint tenancy with right of survivorship or a tenancy in common of common law. Learn where to buy some of the most luxurious condo in Philippines by visiting an online real estate broker.
Building your own house can be an exciting, but the amount of time it takes can make anyone feel impatient or anxious. You are probably ready to move in and want the house built as soon as possible. However, it’s important to be patient. Home builders do an immense amount of work on each house they build, and it’s better for them to be thorough and precise than to do a rushed job and make a mistake that will cost you money to repair later.
The first thing the crew of home builders must do is prepare the building site. Some crews will hire subcontractors to do this work, whereas others will do the work themselves. This involves using a bulldozer and backhoe to clear the lot of rocks, trees, and other debris. Next, they will dig a hole for the basement, put in wooden frames to serve as a template for the foundation. Once they’ve done that, they will pour cement into the holes and trenches to create the foundation, which must then be inspected by a city inspector.
Once the foundation and basement are finished, the home builders will erect the “skeleton” of the house. This term is used to refer to the floors, walls, and roof. While the skeleton is being built, the crew will cover the entire structure with a protective barrier known as a house wrap whenever they are not working. This will help keep moisture out and prevent the wood from rotting.
After the skeleton has been constructed, the crew will install the roofing and siding materials to the exterior of the house. While this is going on, plumbing, HVAC, and electrical contractors will also work to install pipes and ventilation in the walls of the house. This includes putting in sewer lines, ductwork, bathtubs and toilets, water supply lines, insulation, and the furnace. The electrician will also install outlets and phone jacks at this time. After these installations are complete, city inspectors will once again inspect the house to make sure the electrical and plumbing systems comply with local and state building codes.
After the wiring, ventilation, and plumbing systems are in place, home builders will work to put the finishing touches on the house. This includes hanging the drywall and applying paint to the interior walls, as well as putting up exterior finishes such as brick, stucco, or siding. The crew will also add decorative trim such as baseboards, lay down the flooring, and install cabinets, light fixtures, mirrors, and bathroom vanities. Once this is done, the crew will do a final cleanup and the city inspectors will return for a final inspection. Following the last inspection, the house will finally be ready for you and your family to move in!
For consumers who are looking to save money on their home loans, the first option is usually to opt for a home loan that offers the lowest interest rate. While this path works well for those that want to limit themselves to the standard products currently on the market, a home loan option that more and more people are considering is an offset mortgage. With these loans consumers offset the value of the loan with another investment, such as savings in a current a account. While offsetting was previously considered a niche product, with Bank of England interest rates currently so low, this product is gaining in popularity with more and more homebuyers. As a result, many lenders are now offering offset home loans that are increasingly competitive and also more affordable for the average homebuyer. This article will discuss what offset home loans are, and what their advantages and disadvantages are.
When consumers take out a standard loan on their property, they typically expect to pay a certain interest rate for the entire sum borrowed. So a 100,000 loan with an APR of five per cent will see the borrower paying 5,000 per year in interest on that loan. Offset loans, however, work a bit differently. With these loans, the borrower can still take out the same 100,000 loan, but he would then offset that loan with whatever savings he has, such as a current account or, in some cases, an Isa. As a result, he will no longer earn interest from his savings, but he will be able to reduce his interest payments on his offset mortgage. For example, that same borrower with a 100,000 loan who offsets it with 25,000 in savings would effectively only pay interest on 75,000 of the loan.
Since current Bank of England interest rates are extremely low, most consumers are making even less than the rate of inflation on the savings they have in their current accounts. In contrast, interest rates on home loans are typically much higher than the Bank of England rate, meaning sacrificing the interest from savings for the sake of paying less in interest rates on a home loan makes financial sense for many people. Additionally, since the interest made on current accounts is taxable, homeowners will effectively be able to avoid paying tax on those savings by using that account to offset a home loan. Finally, in most instances monthly repayments are based on the total value of the loan, meaning that even though that same homeowner is only paying interest on 75,000 of a 100,000 loan, he will still be making repayments based on the full 100,000. As a result, he will in effect be able to pay down his loan faster.
While an offset loan can be a great way to pay less in interest, it is not necessarily for everybody. As with standard home loans, offset loans are available as either fixed-rate or tracker mortgages. The difference, however, is that the interest rates are usually slightly higher for an offset loan than they would be for a standard loan. As a result, an offset loan is likely to work best for those who have a large amount of savings that they want to use as an offset. While many tracker mortgages, and even some fixed-rate loans, will offer attractive rates to begin with, it is important to keep in mind that these are typically introductory offers. Once that introductory period ends consumers could be stuck with an interest rate that is uncompetitive even with a large offset. Also, while consumers will still be able to access their savings, they need to be aware that if they withdraw money from their savings then the amount offset against their loan will likewise decrease. Finally, there are often additional restrictions, such as high minimum deposits and rules stipulating that the account that is being used to offset the loan must be held with the same lending institution that is offering the loan.
While offset home loans are not necessarily for everyone, consumers who have a large or even moderate amount of savings should be aware of them. In the past few years, these loans have become increasingly affordable and are now available to anyone that wants to make sure their money is working a little bit harder.
Every day our fire inspectors visit a variety of businesses all across the country. We assess, for example; office blocks, factories, restaurants, and even zoos our clients and locations are extremely diverse. Although the businesses we work with often have nothing in common, they regularly have similar fire safety problems. In this article we are going to outline some of the most common problems and suggest what you can do to solve them.
The majority of the companies we visit will have appointed a responsible person to be in charge of fire safety. Although this is highly advisable, as well as being required by law, we often find that companies who have a designated member of staff often dont maintain training on fire regulations and equipment. This individual is ultimately responsible for your personnel (and property), so constant awareness and training is key to overall safety.
Instead of placing the responsibility on one set of shoulders, we recommend that you should train every member of staff so they are fully prepared and know what to do should a fire ever break out. If your staff are sufficiently trained, they are more likely to pre-empt and spot potential fire risks around your premises; therefore reducing the risk of a fire.
Many HR professionals say that investing money in staff training helps to retain staff, as well as increasing motivation and productivity in the workplace. So by training your staff about fire safety you could not only help prevent a fire, it could also go some way in making your staff more motivated and efficient.
If your business contains a large stock of goods or materials, its really important that you have the necessary safety measures in place. A large number of businesses we visit assume that if they meet the relevant legal requirements, then their property and procedures are satisfactory. Although this is true to a certain extent, there are common problems that can be easily solved that will help to provide higher standards of safety.
We always recommend that your warehouse or storage area should be fitted with a sprinkler system regardless of how big or small it is. In the case of a fire, an effective sprinkler system can considerably reduce the amount of damage done to goods or materials, as well as ensuring your staff are safe at all times.
Its also really important that waste, flammable objects and chemicals arent building up in any part of your building. Waste such as paper and wood shavings presents a serious fire risk if it starts to collect. By simply cleaning your storage area on a regular basis will eliminate this risk.
If you own a large warehouse its really important that all your staff are aware of all the exit points so they can quickly and safely leave building in case of a fire. We also advise that you dont create any dead ends between storage units that are longer than 15 meters.
Inadequate fire equipment
Very often we talk to clients who feel they have the correct fire equipment already in place, even when they have an old fire extinguisher thats been collecting dust for countless years. Rather unsurprisingly, their extinguishers are either faulty or are even the wrong type of extinguisher for their premises in other words they are completely useless and unreliable.
There are strict laws on the type of fire extinguisher you are required to have depending on the potential risks at your premises. For example, if you have abundant electrical equipment you will need to have a C02 extinguisher, which means that if you have a standard water extinguisher the chances are using it will actually enhance the fire, not decrease it.
If you business accommodates a kitchen, you will need to be aware of the strict regulations relating to the different types of fire blankets available, as well as smoke alarms and extinguishers. Its really important that your fire safety equipment functions properly, meets industry standards and is replaced regularly.
The majority of fire risks we identify during our consultancy work can be solved fairly easily with your co-operation and understanding. Simple yet effective factors of moving rubbish and clearing fire exits can easily save lives. Its the small things that ultimately make the biggest difference.
We cant highlight enough how important it is to have the correct fire equipment occupying your commercial property. We strongly recommend that you get a fully qualified consultant to carry out a comprehensive audit of your premises to identify any areas that need to be improved, as well as staff training and awareness.
See our website for more information on how to improve fire safety at your workplace, as well as advice for arranging a consultancy meeting.
South Delhi has two major real estate destinations that were primarily residential in nature but took on a distinctly commercial flavor recently, thanks to a large land auction in early 2000 by DDA.
Vasant Kunj and Saket were both considered premium residential areas with a large number of residential options. However, with clusters of premium retail malls developing here, both Vasant Kunj and Saket have evolved as major retail destinations. The affluent residential populace in the region has led to a high-profile positioning for the malls and a healthy rate of footfalls. Both areas are also on the Delhi-Gurgaon Metro link and are expected to see an enhancement in the number of footfalls to its retail malls.
Vasant Kunj has always been an indemand locality of South Delhi with values remaining high. It has always benefited from good infrastructure and ambience. Its proximity to the commercial hub of Gurgaon and the airport, as well as being at sniffing distance with one of South Delhi’s most affluent plotted areas -Vasant Vihar – has resulted in a sustained positive real estate outlook.
Vasant Kunj has rapidly grown as a commercial hub. With the DDA auctioning land in the area for mall development, it has also become a retail hub now. Malls like DLF’s Emporio and the Ambi Mall, under construction by Ambience Developers Pvt Ltd; Vasant Square Mall by Suncity and DLF’s Promenade or Palace, offers ample shopping options to customers. There is something for each type of buyer. Demand for office space here has also increased in the past few months. Values are either stable or have seen minor changes.
Being the upscale locality of South Delhi, property values have always been high. There has been an increase in the rate of transactions since August 2009 and values have increased by 15% since November 2009.
It is centrally located with good infrastructure and transport facilities. The commissioning of the Delhi Metro rail’s Gurgaon link will enhance its connectivity from end-January 2010. This is expected to further enhance footfalls in retail malls here. Since many malls are expected to be ready by this time, it may well compete with Gurgaon as a retail hub. Local brokers are also expecting a hike in real estate values in the future.
Saket real estate segment
Saket is the other destination in South Delhi that has rapidly evolved as a commercial hub. With a cluster of retail and office spaces coming up in the community centre area it has emerged as one of the most expensive shopping and entertainment centers of South Delhi.
Saket has a large bank of residential populace of its own, besides being in close proximity to densely populated areas like Malviya Nagar, Sheikh Sarai, etc. Therefore, malls like Select City Walk, MGF Metropolis, The Square One Mall, The Courtyard Mall, all within the same complex, have opened multiple shopping options for visitors. Investors also prefer malls compared to local shopping complexes. Rajeev Goel of Comtel Association, a local realtor, says: “Retail values have increased by 20-25% since 2008. In late 2008 and 2009, due to the economic slowdown, investors were moving out of malls. But, now, the situation has improved and retailers prefer malls to local markets. It has not only drawn visitors from South Delhi, but also NCR, like Gurgaon, Faridabad and Noida.”
An interesting result of the cluster of new retail developments is the drop in footfalls in Anupam PVR complex, both in the multiplex as well as the shopping complex.
Residential market has also improved in terms of transactions and values. Due to its proximity to Gurgaon and Faridabad, and also owing to the soon-to-open Delhi Metro station in the locality, residential real estate values have received a boost. The value of residential apartments and builder floors has risen by 15% and plot values by 15-20%. Apartment rental values have remained stable since November 2009.
India is the second most heavily populated country in the world with more than 1.2 billion people (according to census 2010). India already contains 17.5 % of the world’s population and is expected to become the most heavily populated country by 2025. The increasing population is creating a relative increase in the demand for land/property to house this burgeoning population. Therefore, buying a dream home may be too expensive for a common man in the near future. Inflation and price hikes of various commodities & its subsequent effect on property prices will make it even more difficult to buy a home and office space of your choice.
Reliable Property Dealer – A Must For Getting A Good Deal
Buying a Residential or Commercial Property is not an easy task, as there are innumerable contractors and builders who are involved in this business. Finding an apt Property Dealer is a prime concern, since it is not easy to trust someone when such a huge investment is at stake. It is important to find a reliable Property Dealer before investing in Commercial or Residential Properties.
Buying Residential Property
As the trend of nuclear family is increasing day by day, people are opting for Apartments instead of big houses, since buying and maintaining an Apartment less expensive than a big house. As the number of family members are very few in nuclear family, living in an apartment is easy and convenient for them. The concept of Group Housing Society is emerging as a new trend in Residential Properties. This concept is gaining a lot of popularity as it is makes for a less costly investment. Commercial Residential Projects like Group Housing Society has given the convenience of less investment to people who can’t invest huge amounts to buy Residential Properties.
Bilaspur Real Estate – A Profitable Investment
Metro cities are well known for their big Commercial and Residential Property Projects but nowadays Property Giants are also investing in erecting big Commercial and Residential Projects in small towns. There are many premium projects that are carried out in small cities like Bilaspur. Bilaspur is a city located in Chattisgarh, India. It is the second largest city of the state and is well known for its hand-woven kosa silk and aromatic rice varieties. Bilaspur is rich in culture and is considered by many Property Giants as a developing city to invest in. There are many projects, ongoing & completed, happening for developing Residential and Commercial Property in Bilaspur.
K.R. Properties are a well-known Builder and Real Estate Broker based in Bilaspur Chattisgarh. There are many pioneer projects that are successfully undertaken by K.R. Properties. The Residential and Commercial Property Projects undertaken by K.R. Properties are very popular amongst the investors in the state of Chattisgarh. The premium real estate solutions provided by K.R. Properties are excellent. To buy Residential Plot In Bilaspur or Commercial Property In Bilaspur, log on to www.krproperties.co.in