Showing posts with label Condominiums. Show all posts
Showing posts with label Condominiums. Show all posts

Wednesday, July 11, 2012

Repurpose Commercial Real Estate

As we drove through town the other day we noticed whole strip malls that were empty and thought about the owners or banks sitting on the buildings with no rents coming in.

Sure there are places that are doing better and some that are definitely doing worse, I suppose that's the way it goes in business. You just have to wonder if there is something that all of us can do besides go out and buy things for stores to remain open.

Prices are up and wages are down, makes it difficult to put food on the table which is more expensive as well.

Is there no alternative to looking at these big empty "behemoths"? It seems there should be some use for these empty building that keep popping up. Not just in our own town, in neighboring towns and in towns in different state. We have noticed that it seems to be universal.

And then there are cases of buildings being transformed into different usage's, I think that is brilliant. The other day I noticed that there is a Bally's gym that closed and I thought that would be a great place to make a community center. Big rooms, maybe a pool, bathrooms are never an issue. Basketball court and racquetball. It would be an amazing place for kids and families to gather and be together.

There are so many things that can be done, so many different vacant buildings that can be re-purposed into useful pieces of the community.

All of us are the difference, we are the ones that need to implement the change. That is what we are doing. Finding out who owns a building and finding out if they would consider selling it and what their price would be.

That would be the second step, the first step we take guarantees us a buyer.

Everyone knows that the big thing is finding a buyer so the property can move.

We have a system that guarantees a quick turn around and you don't have to be a realtor or broker. We have put together a step by step program that will make it possible to turn properties in as little as a day.

Amazing and true! No more pounding a sign and stake into the ground and crossing your fingers that a buyer will make an offer.

Things have changed in the Real Estate world, the times change and different strategies are implemented.

Flipping 5 to 10 houses a month would be awesome and I am sure you would agree.

Did you know that there were No Brokers or Realtors license required to start your Real Estate Business? There are so many things that the average person doesn't know about Real Estate.

Real Estate has ups and downs, it has a few in's and out's too. The ups always make the downs worth hanging for. We have a lot of ground to make up from the past few years, now is the time to do that.

One thing we found in our 30 years of experience is that after the downturn there is always an "up turn". We need this to happen so we can recover.

Jobs are getting more scarce and they are paying less or requiring less hours. It's harder to get ahead when a person is working a regular job. What that job does for them is keeps them living at their current level and working at their current job just so they can live at that level.

To get ahead these days it calls for a bit of ingenuity and a shift of thinking. If more businesses are closing and boarding up, where are the workers going to work?

That is why it is so important to have your own company even if it's something you do on the side. A way to make some extra money to have fun but more importantly to be able to get ahead and be comfortable the rest of your life.

Sunday, March 6, 2011

Condominiums vs. Apartments

Which is the best, condominiums or apartment buildings? These two popular types of modern housings became very popular among many Filipinos in today's modern trends and fast-paced lifestyles. This is because of the benefits that these two types of housings can offer to its residents, such as the accessibility to key locations in the city. But which of these are the best?

Apartment Buildings
According to real estate experts in the Philippines, apartment buildings have long been in the Philippines even before the number of townhouses had started to grow in the market. And similar to condominiums, some of the most popular apartment buildings are found in business and commercial districts. So what are the advantages and disadvantage of living in these types of modern housing?

Advantages and Disadvantages of Apartment Buildings
The main advantage of living in an apartment building is its affordability. Apartments or apartment units are usually rented or leased, which is much more affordable compared to investing millions or thousands in houses, condominiums, and townhouses.

Another popular advantage of some of the newer types of apartments is its new units, which are known as the one/two/three bedroom apartments. These new types of apartments allows for a more family-oriented environment with the comfort of its spacious unit.

The disadvantage of these types of housings is that these cannot offer the permanence that some Filipinos are looking for in the market. Though affordable, apartment residents are usually prone to eviction; this is because the ownership still remains with its landlord.

Condominiums
Though condominiums were only recently introduced in the market, these types of housings had rapidly gained a lot of popularity in the Philippines, particularly among Filipinos living in a fast-paced lifestyle. This is the reason why the number of condominiums had steadily grown in the market, such as the many condo Manila. But what are the advantages and disadvantages of living in a condominium?

Advantages and Disadvantages of Condominiums
The main advantage of condominiums, other than its location, is its maintainability and security. Although most apartment buildings of today have their own maintenance and security personnel, condominiums were only types of housings in the past which are known for this.

Another advantage is its amenities. Compared to apartment buildings, most condominiums in the city, such as the many condo Manila, have their own indoor swimming pools, gyms, and even a full-sized sports complexes complete with basket ball, tennis, and volleyball courts.

The disadvantage of condominiums is that these types of housings are some of the most expensive housings in the market, particularly the many condo Manila. There is also the condo fees, in which residents are obligated to pay in a monthly or yearly basis. These condo fees are used for the maintenance of all facilities found in the condominium. For more information visit to our site at http://www.atayala.com