Month: April 2018
Commercial Property Appraisals And Property Valuation In Atlanta GA And The Southeast US – How Much
There exist many reasons for seeking professional valuation of your commercial property, from preparing to sell to seeking funds or investment to upgrade. Commercial property appraisals should be approached with the expert assistance of a licensed appraisal professional – who can most effectively and properly execute a property valuation in the Atlanta GA or surrounding area.
Following are some important considerations to note, and answers to frequently asked questions, provided by Fletcher and Company. Fletcher & Company is a full service land, residential, industrial and commercial Georgia Real Estate Appraisal Firm providing property appraisal reviews, appraisal reports and industrial property valuation throughout the southeast U.S. appraisal coverage area, including Tennessee, North Carolina, South Carolina, Alabama, Florida and Georgia, and metropolitan areas in and around Atlanta including Roswell, Macon, Columbus, Griffin, Lawrenceville, Douglasville, and Fort Valley. .
1.? What is the range of services a commercial appraiser should provide?
A truly comprehensive professional appraisal services firm should provide the following services:
Appraisals for federal and non-federal related transaction lending situations
Tax assessment review, advice and appraisals
Advice in eminent domain and condemnation property transactions
Dispute resolution – divorce, estate settlements, property partition suits, foreclosures and zoning issues
Feasibility studies Capitalization rate studies
Market rent and trend studies
Expert witness testimony
Land utilization studies 2.? What property types are typically covered by a commercial property valuation agency?
Commercial appraisal service providers in the Atlanta, GA area typically provide coverage for:
Apartment Buildings & Complexes
Office & Retail Condominiums
Hotels and Motels
Subdivisions (Commercial, Residential, Industrial)
Mobile Home Parks
2-4 Unit Multi-Family Residential
Car Washes 3.? When hiring an appraiser, what questions should I ask?
To be confident and sure that the commercial appraisal firm you’re considering is qualified and experienced in their work, the following questions are appropriate:
What type of professional designations do you have and from whom?
Are you licensed or certified in the states you practice? Like any job you are contracting out, it pays to compare the resumes of appraisers whom you are interested in having prepare a bid. This is the first place to start.
4.? What appraisal approaches will be used in appraising my property?
The three most commonly accepted valuation approaches to value are the “cost approach”, the “sales comparison approach” and the “income approach”.
The cost approach combines the value of the land and depreciated site improvements with the depreciated value of the building. The sales comparison approach compares the property to others and adjusts for differences. The income approach takes market rents, subtracts a vacancy allowance and expenses, and takes the resulting net income and turns that into value using a capitalization rate.
It is rare that all three commercial property valuation approaches are done, and isn’t typically required. Appraisal theory has largely discredited the cost approach as reflective of market value and commercial appraisers seldom provide it except in newer construction and special purpose properties.
The sales comparison and income approaches are the primary valuation methods used for commercial properties. Even then, there are times when one of these approaches does not reflect the market and although it might be performed, it is given little or no weight in deciding on the final value conclusion.
5.? How are approaches to value selected for use in preparing a bid?
Fees for professional commercial appraisers will typically reflect the cost to perform two approaches to value, usually the sales comparison and income approaches. Even if a particular approach is not performed, time is still invested in searching and analyzing data. This occurs most frequently in areas where too few comparable sales occur. There are times when a third party, such as a lender, will require the cost approach to be performed. Let your appraiser know beforehand if this is the case.
6.? If I don’t like the appraised value, what can I do about it?
That depends upon many things. The best place to start is to speak with the appraiser(s) who signed the report. It’s possible that he/she may have overlooked one or more important factors which affect the value of your property; if you mention it in your conversation, you may find the appraiser willing to reconsider the value conclusion. Of course, if you are not their client (such as when your bank orders the appraisal), they are not required to speak about the appraisal and may be in violation of the licensing law or professional standards if they do so.
It’s important to remember that the appraiser is an unbiased third party. Their job is to find out the good and the bad about a property and report it, not to favor a direction. The better appraisals are round-tabled by professional review staff and carefully scrutinized before they are released, so you get the benefit and knowledge of more people than just those involved with the report.
If you are still dissatisfied, you can get a second opinion by hiring another appraiser or insist that a review appraisal be performed on the original report. If there is a large discrepancy in value, you or a third party may be able to negotiate an intermediate position.
7.? How much do commercial property appraisals cost?
Every appraisal is different, so fees are quoted individually on a per job basis. Generally, prices depend on the number of properties and the complexity of the assignment, though appraisals used as evidence in court cases command a higher price. Fees are normally calculated based on the number of hours it takes to do a report and the fee structure of the personnel involved, with modification for overtime if a rush assignment is required.
8.? Why do special purpose properties cost more?
Special purpose properties require research of a wider trade radius, sometimes the entire United States! Fees are based on time estimates, so the more time that is invested in finding comparable properties, the higher the fee. Also, the market analysis section of the report many times requires a greater amount of research time and it is not uncommon to have to purchase studies performed by industry experts to properly show the dynamics affecting the property type.
9.? What is a typical turnaround time?
Commercial appraisal delivery times typically range from two to four weeks, depending upon the complexity of the property and your needs. It requires one to two weeks to do the research, verify the factual nature of the information, perform a market study of the area and write the report. Typically, delivery times less than two weeks are rush orders and they command a price premium.
10.? How can I help shorten the turnaround time?
The number one way to help shorten the turnaround time is to provide your commercial or residential property appraiser with the written information they need as soon as possible. Copies of leases, deeds, rent rolls, income and expense statements and other items listed on our engagement letter are the needed as soon as possible. Delay in providing one or more of the necessary items will almost always result in a delay in the appraisal process.
11.? If you don’t come up with the value I want, do I have to pay for the appraisal?
Appraisers must maintain a third party position to your transaction. No appraiser can accept an assignment where bias could be interpreted. USPAP has a phrase used verbatim by many appraisal firms on their letters of transmittals:
“Our assignment was not based on the reporting of a predetermined value, a direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result or the occurrence of a subsequent event directly related to the value opinion.”
USPAP is very clear on this issue. Appraisers cannot be advocates for any client. Although it may seem unusual to some users to have to pay for a report that did not provide them a favorable outcome, appraisers governed by appraisal licensing laws must remain objective.
If there is any uncertainty in the value, clients should have the appraiser perform a restricted appraisal first and then upgrade the report to a summary or self-contained if the value is satisfactory. This is acceptable appraisal practice and one not often suggested by an appraiser.
12.? Why are the fees for commercial appraisals so much higher than residential appraisals?
There are many reasons why there is such a great discrepancy. The most important difference is the amount of time it takes to prepare each type of report. Most skilled residential appraisers can do a residential report in a half-day whereas a skilled commercial appraiser needs at least a week.
Residential reports are on a common form with a standardized property type whereas commercial appraisals are mainly free-form documents with information that varies with the property type, market and client needs. Special use commercial properties take longer and can have a multi-state data search radius, thus making it more time intensive and costly to perform than more common property types such as office and apartments.
13.? I paid my lender for the appraisal, therefore I should own it.
The appraisal is legally owned by the client, unless the lender “releases its interest” in the document, typically in writing to us. If the lender ordered it, they own it. If you just want a copy of the appraisal, under the Equal Credit Opportunity Act you can be given a copy of it upon written request of the lender.
14.? If I didn’t order the appraisal, can I find out the appraised value?
Only if you ask the person who originated the order and they provide permission in writing. However, most appraisal companies cannot give you this information because it would violate the ethical standards governing their appraisal practice.
It doesn’t make sense to me to hire you (the appraiser) if I don’t know you’ll come up with the value I need. Can you give me a guarantee?
It is a violation of state laws and the appraisal licensing laws to provide a value opinion without doing an appraisal. Although a guarantee can’t typically be given, in some cases a restricted appraisal can be performed that will tell you what the property is worth. If the value opinion is acceptable, the report can be upgraded to a summary or self-contained format for a higher fee.
15.? I paid for the appraisal. Why am I not entitled to get a copy?
The client is the person who engages the services of the appraiser, usually in the form of an engagement letter. Many times the lender is the one who issues and/or signs an engagement letter, making them the client. It does not matter who pays the bill. Only the client and those whom he has specifically authorized are allowed to receive a copy of the report from the appraiser. If the person who pays the bill is not the client, verbal or written permission is required for the appraiser to release the appraisal to anyone else.
16.? My lender said I need to get an “MAI appraisal”. What is it?
The term MAI, which stands for “Member Appraisal Institute”, is a registered trademark of the Appraisal Institute. The Appraisal Institute is a trade organization. There is no such thing as an “MAI appraisal.” Persons requesting an “MAI appraisal” mean that the report should be prepared by an MAI designated member of the Appraisal Institute. Each appraiser needs to be judged by his/her merits rather than the association to which they belong. *Note – it is considered discriminatory by FIRREA to consider or not consider an appraiser for an assignment based on a trade designation. Fletcher & Company houses three appraisers that are associate members of the appraisal institute and one appraiser that is a CCIM candidate.
17.? Will the market value equal assessed value?
While most states support the concept that assessed value approximate estimated market value; in practice, this often is not the case. Examples include when interior remodeling has occurred and the assessor is unaware of improvements, or when properties in the vicinity have not been reassessed for an extended period.
18.? Shouldn’t market value approximate replacement cost?
Market value is based on what a willing buyer likely would pay a willing seller for a particular property, with neither being under pressure to buy or sell. Replacement cost is the dollar amount required to reconstruct a property in-kind. Rarely are they the same number.
19.? My broker performed a market valuation. Why do I need an appraiser to perform one?
There are many reasons why valuations are required to be done by appraisers. First and foremost, the appraiser is an independent, third party. Many times, the appraiser is the only one in the transaction that does not have a vested interest in the outcome. This is the reason for the creation of the appraisal industry in the 1930’s. Another important difference between a broker’s valuation and that performed by an appraiser is that a licensed appraiser is bound by USPAP, whereas a broker is not.
20.? What are the differences between an informal appraisal and a formal one?
Those outside the appraisal profession have different interpretations of formal and informal reports. When a client simply wants “a number” and not a long document, he/she will often call it an informal appraisal. Those outside the appraisal field often refer to the old “letter of opinion” report as an informal report, although terms such as “update appraisal”, “recertification of value” and “evaluation of real property collateral” have also been used. When USPAP became effective in the late 1980’s, appraisers no longer used this terminology because a letter of opinion and the derivatives above became a violation of multiple USPAP regulations. Now known as the restricted report format, appraisers are required to do substantially more work to issue this type of report.
21.? I’m told there are three types of “formal” reports I can usually order. What’s the difference?
The final appraisal product delivered to you depends on the type of report specified by your agreement. The parameters of the three types of appraisal reports are defined by USPAP. The primary difference is in the terms describe, summarize and state. Describe means to provide a comprehensive level of detail, summarize is providing a more concise presentation of the information and state means to provide a minimal presentation of the information.
For “formal” reports, USPAP dictates that appraisers can issue three types of reports.
In this report option, the appraiser provides all of his/her data and rationale that was used in the development of the appraisal. All conclusions and data sources are fully disclosed and discussed. Two practical tests can be used to determine if a report is a self-contained document:
1. The content of the report fully describes the data, reasoning and each conclusion to such a degree that there is no need to consult other data sources or to inquire how the appraiser reached a conclusion.
2. Information sources cited within the report are included in the document, within reason. Citing a book does not require the inclusion of the book in the addenda, but market studies or other material articles cited in a report should be included, especially if the appraiser relied upon them for supporting important conclusions. This is the type of report most often needed for commercial property lending.
In the summary report, the appraiser summarizes his/her findings rather than fully describing them. This is a much shorter report than a self contained and many lenders accept this reporting type. Most residential appraisals are done on forms that are summary reports along with non-complex commercial assignments. The appraiser may summarize the data and his/her conclusions without explaining the full reasoning behind them.
This is the shortest type of report. A restricted report only states the conclusions of the appraiser with no explanation on how they were derived. Restricted reports are generally used internally or when a value must be reported quickly. Many clients order restricted reports when time is of the essence and then have them upgraded to a summary or self contained in the future.
An important caveat is that USPAP does not allow a restricted report to be used by anyone other than the client or someone intimately familiar with the property, so if the appraisal will be viewed by other third parties, a summary or self-contained report must be prepared. Appraisers cannot “recertify” this type of report to any other lender.
22.? What type of report do I need?
The appraiser is in the best position to tell you what type of report you need. He/she is required by USPAP to determine the scope of the assignment, the function of the appraisal and use of the report. To do that, he/she will need to understand your needs, so the appraiser is in the best position to recommend one or more of the above choices and to counsel you on what choice(s) would be inappropriate.
23.? What is the difference between a valuation and an appraisal?
The words valuation and appraisal are used interchangeably. There is no difference between them. The confusion began when lenders started using the term “evaluations” in the early 1990’s, implying that they were not appraisals. Soon, the “e” in evaluations was omitted. This issue has been addressed at length by the appraisal community and the Appraisal Foundation (the creators of USPAP) and an evaluation was found to be an appraisal. As discussed earlier, there are six possible combinations of appraisal and report; evaluations are not among them.
Fletcher & Company is the leading provider of Atlanta Commercial Appraisal Services in the Southeastern US. Virginia Konrad writes and comments about Internet business news and information on a regular basis, publishing material across several news channels and social media outlets, including Northern Virginia Business News.
Southern Utah Real Estate Market Conditions
With just 60 days to go before the 2014 Real Estate market hits -Reset- and dives into 2015, the October St. George Utah real estate market conditions and statistics continue to look positive.
In drilling down on the current inventory, it’s hard not to notice the the greater St. George Utah area – primarily in the cities of Ivins, Santa Clara, Hurricane, Washington, St. George, Brookdale, and Pine Valley – currently has an inventory of 3,978 active real estate listings. Of those listing, only 196 are listed as condo/townhomes for sale; with 275 townhomes sold thus far this year on the Washington County Board of realtors MLS.
Active Vs. Sold Listings
The Southern Utah real estate market has no doubt survived some rather dramatic vacillation over the past 48 months. During the ordinarily quiet month of September, Realtors in St. George Utah sold 280 real estate listings via the MLS, representative of significant deterioration over 2013s 301 sold properties for the same month. Exploding onto the MLS during September 2014, a total of 2005 Active Listings were listed for sale in the hopes of finding a new owner, representing a significant jump from last year’s Active Listings of 1691 during the month September.
Cumulative Days On Market (CDOM)
With the 2015 holiday rapidly approaching, it’s beneficial for southern Utah’s would-be home sellers to understand that traditionally, while the holiday season is fun for the family- It ultimately means increased -Cumulative Days on Market.- Example: when comparing the average CDOM for a listing in September, a properly listed property lasted on the southern Utah MLS for roughly 78 days. Conversely, that same listing, with the same Realtor – and at the same list price could expect to spend an additional 20 days on the WCBR MLS if listed in during December – a not so welcome Christmas gift.
Southern Utah’s Popular Price Range
The bread-and-butter of the “Palm Springs” of Utah’s (i.e. St. George) real estate inventory, homes under $300,000 remains popular. As the remnants of St. George’s housing inventory gets picked over by the newest -snowbirds- in town, those with access to the WCBR MLS can easily tell that one of the more desirable list price ranges remains those properties under $300,000. When examining some of the available data sets for the past 30 days of MLS activity, we see those properties listed under $200,000 enjoyed a greater proportion of buyers competing for their property – perpetuating a long and healthy trend in southern Utah.
Generally speaking, St. George’s homebuyers feel most comfortable in this price range. For their $200K, today’s buyers are looking for that perfect home; comprising approximately 1800 sq. ft., with a flexible floor plan. Additionally, today’s buyers want a home that backs up to green space – think an open park-like space in many of the newer communities. Upon close review of the single-family residential sales for southern Utah, we see the housing sector standing firm and holding its own.
Currently, the southern Utah MLS absorption rate is increasing incrementally; the cumulative days on market for a properly priced single-family residential list have declined dramatically. Representing a 2.91% increase in the median priced home sold in greater St. George area, our median price sales jumped from $232,000 in 2013 to $249,000 in 2014 – not a bad increase. Learn More At: Southern Utah Real Estate Market Condition
Walter Allen Contracting Custom Home Builders, Vancouver Island
Walter Allen Contracting Vancouver Island’s population keeps growing yearly with a lot of diversity resulting in increase in buildings, jobs and schools. Builders and Custom builders have become high in demand due to this reason. Some home owners go the extra step to hire the best construction companies to design a custom home for them. Walter Allen Contracting based in Vancouver Island gives an experienced and sleek touch to building and construction. Walter Allen is a custom builder from Vancouver Island Canada who specializes in residential homes, home renovations, building constructions and custom homes. His attention to details gives him an edge and helps him bring customers dreams alive. His construction company comprises of professional employees and specialists who share the same vision and would design according to the customer’s satisfaction. Walter Allen is not just the average construction company but a building contracting company who respects the customers wallet and also utilizes nothing but the best building materials with no compromise. Considering the fact that customers on Vancouver Island and off have desires regarding what they want their custom homes or residential homes to look like with an unequal finance to support what they want to build, Walter Allen building contractor treats all customers the same regardless and designs homes with respect to the customers taste. This master builder also renders renovations services that are flawless. With perfect home designs and quality home building materials, Walter Allen property developers have the necessary experience to give your home a master turn around after being in the residential construction for more than twenty five years on Vancouver Island.
Walter Allen Contracting http://walterallencustomhomes.com/ Tel: 250-468-7105
Knoxville Reia – Real Estate Investors Association
Across the country big cities are sprouting up their own real estate investors association. Knoxville, Tennessee is no different. Entrepreneurs in East TN have several options for real estate investing education. They can get information from books on the subject, become an apprentice of a seasoned investor or study a course on the topic. The Knoxville Real Estate Investors Association (REIA) is the easiest place to start. It’s like the previous three (book reading, apprenticeship and a course study) ALL ROLLED INTO ONE PLACE. Members learn to use the power of leverage by concentrating their efforts on mentoring, networking and education.
At the Knoxville area REIA (Investors Club Meeting) members discuss topics such as foreclosures, REO’s (bank owned) properties, short sales, wholesale deals, flips, rehab and rentals. Members learn what they all mean and how to use them in their business.
Club members can become an apprentice to a seasoned investor at the REIA. The mentor can help them decide what is the best strategy for accomplishing their investing goals. A good mentor can shorten the learning curve and greatly accelerate the road to success.
Successful property investors at are actively building their business. They are the one’s who are doing deals and making money by investing, because they have a large network of business contacts. REIA members understand the importance of networking and building relationships in the property investing business.
It doesn’t matter if the members of the REIA are veteran investors or if today is their first day learning how to invest. Real Estate Education is a life long process and it goes without saying that active investors should never stop learning. The Knoxville REIA brings together the best in investing information available in TN to help it’s members earn more in real estate. Their goal is to bring it’s group of investors the most up-to-date education.
Past Speakers –
In the past the Knoxville REIA has been hosted by real estate guru’s such as Lou Brown, and Than Merrill of A&E’s “Flip This House” (just to name a few).
The Knoxville REIA offers education from seasoned investors that are there to speak about their particular area of investing expertise. This is how members learn from their mistakes. It saves them both time and money. Find out how to take the next step. Current meetings are held in west Knoxville on the third Tuesday of every month (subject to change).
EHS software One of the best commercial tools for enhancing safety
Technology is striding ahead at rapid pace and a number of software and tools are being introduced these days to help the management cut down on costs and save time. Plus, the modern-day tools also help to increase the general productivity of the workers and improve accuracy in reporting and assessing. EHS software is commercial software which can be easily described as one of the best tools for enhancing workplace safety and for managing hazards.
While choosing any tool or software, an organization must figure if that tool is in sync with its objectives. After all, investment in a new tool can put some strain in the company’s budget and may entail some changes in the work distribution. In this regard, it can be said that EHS software slips in easily with any organization. Irrespective of the industry, no organization is expected to put its workers under any health risk. The software deals with such potent issues and helps the team to analyze and assess the hazards which may arise in the future or which may be in existence currently. Since such hazards can put the health of the workers into jeopardy, it is vital for the organization to take due steps to bring down the risk factor.
There are a number of industries where the element of risk is higher owing to the nature of the work or due to the severity of the location. While there are other archaic means to prepare and analyze risk reports, they are manual in nature, which, in turn, makes them susceptible to errors. Besides, with technology playing such a vital role in today’s businesses, it would be unwise of any firm to neglect such tools which can make the job easier and more accurate. EHS software can also help the business to improve its prediction quotient and to reap rewarding dividends in the long run.
The software is becoming more of a norm in the industry, than an aberration. It is gaining acceptance from all quarters. Being technologically sound, this tool is laden with advanced features which make it multi-functional software.
Most of the projects which are carried out today require official approval. An approval can only be attained if the reports clear the environmental norms which are getting more and more stringent with each passing day. Man has already carried out wanton destruction to forests and to the nature in general. Hence, concerned authorities have become very vigilant towards ensuring that all the fresh projects must pass special tests in order to get a go-ahead signal. EHS software can help your internal auditors and managers to prepare reports with efficacy, accuracy and reliability. These reports can also be assessed in order to find out if any alteration needs to be done to improve the safety of the environment and of the general workforce.
The software is an automated tool which works independently without suffering from the ravages of lethargy, negligence or clerical errors often committed by manual auditors and report generators.
For gathering more info about a complex and reliable EHS Software, please check out these links.
Tips On Building a New House
Having your own home sounds pleasant and when you have your own home then it gives years of happiness. It is necessary that your home should be built in the way you want it. Building the new home is actually very exciting and you need to follow some basic things in order to have a house that will complete you desire. No one wants to spend money lavishly on building a house. Everyone wants to spend the hard earned money in a proper way. Only those who are experts find the right way as well as approach while building a home.
1. Budget: Budget is the necessary thing that you need to focus on. As you are going to build a new home of yours you should have a proper budget. There will be a legal fees for the land, taxes, costs of building and various other prices that will be used in the whole process. So, you should have money for that. You should be eligible for government assistance program. You can also take loan for the construction etc. Financing play a crucial role in the construction. You should also contact a lender for the pricing and whether the home you are going to build will be right or not.
2. Builder: The first and the most important thing that you need to keep in your mind forever is that do not sign any document or agreement with the builder before taking legal advice. This will avoid problems that can arise in while the construction of the home is going on.
Once you have signed a building contract, then it might be difficult later to make changes you want. Thus it is always better to consult a specialist before making the deal.
You should know that what are your rights and are you getting what you have paid for to the builder for building your house. You need not to sign any document, you are not sure about. Read the contract carefully and do sign it when you are know what are you signing and you have understood it properly. Take legal assistance when required.
3. Land: One of the options that you can do is to buy a large plot and then you can divide it into two parts. One of the advantages that you will get of this is that you can buy a large land at an appropriate price. Apart from this you can get the property that was not affordable to you.
Wherever you are going to purchase the land and want to build your home check the locality according to your requirements. In case you are building a house for your family, then you need to check that there should be necessary things around the area such as hospital, school, worship place, garden, shops etc.
4. Construction: When you are building a home then you will be having a lot of paperwork later too, such as with house and land packages. You should know exactly what are the dimensions of your home. What are the materials that you want to use in your home and what is the quality of the material that is being used in the construction work. Always a floor plan is made first and it needs approval from the planning commission of your area. Check for the wall plaster, roof dimensions, flooring, inside walls etc properly. Make sure that all the necessary features such as a garage door, fencing, paths, driveways, garden areas, windows are all done properly exactly according to the plan that is passed by the planning commission. For greater chances of approval of your plan you can consult a planning consultant and this is the reason I choose speerdade-planning consultation services in UK.
Advantages of Living in a Bank Owned Condominium
A bank owned condominium is an ideal place to live in, especially for young professionals, single people and small families. Escalating foreclosure rates have created certain wariness in people in terms of buying residential properties, hence the increased number of condominium residents. For those who are considering this kind of living, there are a number of advantages that they can enjoy.
Convenience and Cost
When compared with a home purchase, renting or buying a condo unit is much cheaper. In addition, residents do not need to worry about repair and maintenance costs and responsibilities. All of these are taken care of by the landlord or the owner of the property.
Amenities like swimming pools, gyms and recreation areas are also staple parts of condominium buildings. Unless a homeowner has the means to have these amenities built, he will not be able to enjoy them in a regular house. Furthermore, residents of condos need not worry about cleaning pools, updating gym equipment and maintaining the recreation areas. They can use them but they do not need to worry about them.
Most condominium buildings are also located in places near industrial or office buildings, supermarkets, shopping centers and other structures necessary for a modern, fast-paced living. Majority of developers build a bank owned condominium with professional people in mind, hence the nature of their locations.
One major risk involved in living in a condo is foreclosure. If the property becomes foreclosed, tenants might get dragged into the battle between the bank that owns the property and the new owners. In most cases, foreclosed condominiums suffer from negligence and lack of maintenance, particularly when the legality of ownership is yet to be declared.
Also, some landlords will not let residents know what the situation is, preferring to continue to get payment from renters only for these residents to find out that ownership has changed hands and they need to vacate the place without enough notice.
Being a resident in a bank owned condominium has a lot of advantages. It is convenient and less costly than buying a house. However, the threat of foreclosure can make life very difficult for condo residents, especially when they are left in the dark as to who really owns the property.
Building And Construction Work Appoint The Best Professionals
Are you looking for a reputed company for building and construction work? Here are some excellent tips to keep in mind when choosing the best building company. Build Your Dream Home
Congratulations! Finally, you have decided to build your home. There’s nothing beautiful than living in your home sweet home and enjoying a quality time with your loved ones. Not only you get the option to choose new furnishings for your home, you can get your home designed just like the way you want.
Remember, you should plan carefully and hire the best builders for your home-building project. Obviously, there are so many essential aspects to consider for your project so that you don’t end up choosing a wrong company for building and construction work Blackburn. Since you are looking for the best home building company for your project, you have to take a lot of time to do the research work in order to find the best professionals.
By making a list of the top home building companies in your area and getting quotes from everyone, you can easily find the top building company for your project. Always look for an experienced building company who can assure quality work within your budget. Moreover, you should always find a builder who adheres to the building regulations and get the work done within the right time.
Learn About The Company
Before hiring the building company for your project, you should take time to learn about them. You should make sure to choose a company which enjoys a good reputation in the industry for their quality services. They should also show the previous work they have completed along with the contact details of the clients so that you can speak with them.
Check Their Skills
Remember, if you have invested a good amount of money for your home-building project, you should make sure to get the best services from them. When you are comparing the top building companies in your area, you should better focus on the skills and experience of the professional so that you can make the right choice.
In short, you should look for a company who can understand the requirement of your project and complete the task keeping your requirements in mind. Keep all these essential aspects in mind to choose the best.
Whether you are looking for a company for construction work or house extensions in Blackburn, you should always hire a reliable and trustworthy company for the task. Hopefully, these tips can help you choose the best building company.
Building a Secret Compartment
Everyone has something to hide from the curious eyes of others. It can be personal property as well as confidential documents. There are many possibilities of whatever that has to be in the home. The most popular and convenient is the ordinary hard cover book. A book may seem innocent but it has served many people through ages as a perfect hiding place. Following are some simple instructions for building a secret compartment in an easy way.
Materials Needed: -Hard cover book, almost 2 inches thick -Glue sticks and glue gun -White glue -Small paint brush -Craft knife
Step One: First, the dust jacket has to be removed from the book. It will be later used with some pages which will serve as a cover for the secret compartment.
At least 25 pages are needed which should be left untouched by the craft knife. When this has been laid out, equal amount of water and white glue has to be combined. The plastic wrap has to be used to protect the back cover, many front pages and the front cover from glue spills. There should not be any trace of glue left on the book as it can give a hint that it has been tampered.
Step Two: When everything is in place, the glue mixture can be used for making remaining pages of the book to stick with each other. Paintbrush has to be used for applying generous amount of glue on top, bottom and side areas of each page. The glue should be kept in line about half inch back from the edge being invisible from an informal look. The book should be kept closed after applying the glue and a heavy object can be placed on it for keeping the pages intact, it has to be given several hours to dry completely.
Step Three: When the glue has dried, the protective plastic covering can be removed from both sides of the book. The desired length, width and depth of the secret compartment can be measured. A pencil and ruler can be used to draw the outline of the hollow inside the book. It has to be again made sure to remain well back from the edges so the book will be as strong as possible. Now the inner block of the pages can be taken out using the craft knife. The cut pages can be taken out one by one, the edges can be trimmed. It should be returned to the dust jacket for making it look as normal as possible and it can now be placed on the book shelf.
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Gaur Atulyam offers best buy for home buyers
Gaur Builder is a highly renowned leader in the Real Estate industry that has created several landmarks in the Residential and Commercial Properties. The group has covered the market up to a great extent and with the combination of consistent efforts and performance it has been winning the trust from past few decades. Gaur Atulyam is a brand new presentation by the group that has uplifted the living standards and made the dream fulfillment an easy task to accomplish. The targeted location of the group is Greater Noida but after the exposure of business and increasing demands at a rapid rate some other regions are also coming into action to change the overall structure of the country. The credit for such an achievement goes to the dedicated teammates who always focus on the Vision of the company and to attain it at any cost. Gaur Atulyam Greater Noida is a residential project that acts as a perfect place for those who always want the performance. The project offers the choice of 2, 3 and 4 BHK luxurious apartments and including all the advanced features and facilities to increase the living standards and the brand credibility. It is really a fantastic residence with beautiful Site layout where the top level of comforts and luxury met together. To make a better tomorrow, investment in this project is a nice idea. Not onlt this, all modern amenities are offered in Gaur Atulyam in order to make the living comfortable and luxurious. Avail a home here, and enjoy some unforgettable moments with your loved ones. The floor size of Gaur Atulyam Greater Noida shows variations according to the apartment type and the general range starts from 955 to 1665 Square Feet. The project comprises of several specifications that acts as a part of its increasing beauty. Some of them are pointed as – vitrified tile flooring, oil bound distemper, modern interiors, fire fighting system, high speed elevators, multipurpose hall, swimming pool, security, parking and gymnasium. It is located at the most promising location Noida and Greater Noida. This project is having very excellent connectivity from Delhi, Noida and Greater Noida via Noida-Greater Noida Expressway. Just only 10 minute drive from Pari Chowk. Upcoming Metro will make the connectivity easier to its residents. There is upcoming night safari and cricket stadium adjacent to this project. Formula1 race Track is already present in Sport City. All this features makes it’s a perfect Homes. Gaur Builder believes in delivering the promise. House of by thousands of happy families, Gaur Group has always upto customer’s trust and committed in providing a lifestyle with world class construction, design and quality.
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