Should I Buy a New Build or an Older House?

I often get asked the question, "should I buy a new or older property"? Well here are some thoughts to consider.

Here's an example from Ken who was considering buying a house in Bromsgrove, West Midlands...

There was a £20,000 difference between the price of a new modern 4 bed detached house and a 10 year old house.

5 years from now the new house will be 5 years old and a 10-year old house will be 15 years old. The question was would this difference still remain, or will the older house catch up? New houses are like new cars, they lose value as soon as they become second hand!

What you will find, is that property is like fashion, it comes in and out of style.

A 15-year old house will be competing with the new houses of the day. Over 15 years house specifications improve. A four bedroom house which was built 15 years ago might not have a down stairs cloakroom for example. The new one will. Hence the new one is more desirable and is valued higher.

So my advice to anyone with this dilemma, is go for the property which suits your situation the best.

An older property might have more 'potential', but if you don't have the time to add the potential - there's no point in buying it.

Older houses usually have more land with them, which can be a good thing if you want to extend, add a sun room or landscape the gardens.

It can also very much depend on your lifestyle, commitments, and family circumstances.

When you have young children you may need a property that is 'already done', with such specifications as en-suite bathroom to the master bedroom.

You may be both working full time and don't want to have to work on the house. In this case a newly built house is for you.

If you have the time and/or money to do up an older property, it certainly can pay dividends, especially if you add on the features that everyone wants.

These days things like: downstairs cloakroom, utility room, en-suite bathroom, summer room and home office are all worthy additions to an older house that did not have these as original features. The house next door will always get a better price if it has these features over one that does not.

Remember, a house will have a maximum price in any area at any one time, so don't overdo the modifications. If it can be done in keeping with the style of the original building, you can buy low, invest wisely and make money.

Selangor Properties

Selangor or Darul Ehsan, or "Abode of Sincerity," is the most populous among the 13 states of Malaysia. Its state capital, Shah Alam is the first city in Selangor. In terms of GDP or Gross Domestic Product, it is the richest state in Malaysia; thus, it is known as the most progressive state among the 13 states of Malaysia.
Its industry focuses on commerce and agriculture and its growth and progress has opened up opportunities for the international factories to open in the area. Among these factories, that are now counted among Selangor Properties are Subang Jaya, Shah Alam, Klang, Kajang, Rawang, Selayang, and Ampayang Jaya. A lot of foreigners from nearby countries like Indonesia, China, Vietnam and Bangladesh have migrated to Selangor to work.

Although tourism has not been the focus of Selangor's progressive economy it has been also becoming popular because of the Sepang International Circuit, Sunway Lagoon and Kuala Selangor.

There are also a number of shopping malls that are visited by both tourists and local residents. Some of these Selangor Properties are The Curve, Ikano Power Centre, IKEA, Damansara Utama, Sunway Pyramid in Bandar Sunway, Mines Wonderland, Subang Parade, Empire Shopping Gallery and Summit USJ in Subang Jaya. There is also IOI Mall in Puchong, Bukit Tinggi and Bukit Raja Shopping Centre in Klang, Plaza Alam Sentral and SACC Mall in Shal Alam.

The industrial and economic progress of Selangor Malaysia has paved the way for the population to swell, as such, the demand for housing properties has also increased. Investors have also been lured to invest in Selangor due to its rapid technological growth.

If you are looking to buy or rent Selangor Properties, there is a standard procedure that you should study that applies in all of Malaysia. Some of the clauses of this SOP are:

• Pay 3% of purchase prices as initial deposit

• 7% of purchase price to be paid 14 days later

• 90% of the purchase price 3+1 month later.

Foreigners who are keen to purchase a property in Malaysia are subject to approval by the Foreign Investment Committee. You can visit their website, www.eju.jpm.my for more inquiries or call their hotline at (603) 8888 2929

Nigerian Properties - Affordable Properties in Ikoyi

The Law of demand and supply is one that even the most unschooled market women understand. If there is scarcity (low supply), prices go up as those who desire goods bid higher to ensure that they get them. On the other hand, if there are lots of goods available for sale, more than the volume of demand, prices drop as suppliers need to offload their stock.

A journey through Ikoyi will reveal as many as 16 building construction projects at various stages of completion.

In Old Ikoyi, which used to be the preserve of top Government officials, multinationals and embassy officials, supply of properties was restricted because those who owned the properties were not interested in selling them. That had the effect of pushing up prices and rental rates with rental rates as high as 0,000. The result of this was that most developments in Ikoyi were high end luxury flats, only for rent to those who could afford them.

In recent times however, things have changed.

The Federal Government of Nigeria sold over 800 of it's properties as well as over 4 high rise towers in the exclusive neighbourhoods. Embassies and High Commissions, which were moving to Abuja, also sold off their own properties. This ordinarily might not have had much effect on the market but as was discovered, most of the buyers of these properties were developers and investment speculators. The idea was either to buy the house on large acreages, demolish them and build high rises for lease or hold the properties as they were for a period and then sell them off.

The result of all the above is that Old Ikoyi has since become one big building construction site and there are several hundreds of undeveloped Ikoyi properties on the market for sale.

Pundits are of the opinion that due to market forces (supply of properties), a new class of estate developer will emerge that will target the middle classes with prices between N70 million and N90 million for flats or terrace houses.

These developers will in all probability not look at the rental market. Rather, they will target people who have a nostalgic hanker for an Ikoyi address. These developers will premise their strategy on the belief that the middle class will give up their compounds in VGC, Ikeja GRA and Lekki 1 for smaller apartments in Ikoyi. There will be a difference however, these 'middle class' properties will not be the high end type apartments with marble and granite finishes, swimming pools, gyms and other amenities but rather simple well built units. Their argument is that the Old Ikoyi market simply cannot accommodate all the luxury apartments if these are the only type of properties to be built there. The market has to be widened to accommodate the middle class.

Another group of analysts with a totally different opinion believe that those who own such properties have deep pockets and can weather the storm, waiting until they have the desired buyers/renters at the right price before dealing.

Who is right? Time will tell. But there is that tantalizing prospect that a new generation of Ikoyi landlords could just materialize.

Properties Information

Consider unique note of any cracks below the damp evidence program as this may indicate key difficulties with the residence.

Out Buildings

Test the situation of any outbuildings linked with the property. That consists of sheds, garages, outdoor offices, barns, stables, toilets or anything else.

Alterations

Check the state of any alterations that have been produced to the home. Check extensions, loft conversions, basement conversions (be especially mindful of any difficulties with damp in basement conversions because, if they have not been constructed correctly, these conversions are notorious for damp troubles, ).

It is crucial that you test any applicable paperwork and make certain that things wherever completed according to developing rules and that preparing permission was obtained exactly where necessary. It is also a good notion to watch any present ensures or warranties the vendor has.

Internal


Is the property new assemble, established (older) or refurbished?
What is the common state of fix of the inside of of the home? Does it look to have been looked right after very well?
Is the decoration hoping to hide anything? Be mindful of ceilings painted in a dark colour that might hide some sinister key, these kinds of as, h2o damage, underneath the paint function.
Is there any kind of sound proofing in the ceiling, floors or walls?
Does the house have first functions that will add to its appeal?
What is the state of the Windows and what are they designed of? Are the Windows double glazed? Do they appear like they want replacing or repairing? Windows in disrepair can be good for aiding you to negotiate a more cost-effective selling price with the vendor.
Is there a damp evidence program. You can at times inform this by checking the walls outside the home. If there is a black line about two or three bricks up, this would commonly indicated that there is a damp evidence program current.

Other Things to Test

If you are attempting to be meticulous in your property survey, then you will likely also want to test the seven details on the record below.


What's the state of the fixtures and fittings in the property?
Is there central heating? How aged is the boiler? Are there documents offered to indicate the services heritage?
Is there a shared main water provide and has there been a water meter fitted.
Look at there is adequate ventilation in the home, specifically in locations such as the kitchen area and bathroom.
Does the electric provide have some sort of trip mechanism? How aged is it? Does it seem to be like it will have to have replacing or repairing in the near potential?
Consider and get a look behind any furniture or appliances that seem out of put. They may perhaps have been place there to conceal a problem lurking behind them.
You should really flush the toilets and operate the h2o to check out that the h2o drains absent effectively and to examine that there are no strange noises, this kind of as, a loud knocking when the drinking water is run.
It is just a issue of locating the appropriate company which is regional to you so can chill out in the information that your property is an asset creating you revenue and not a painful headache.

What is An Entitlement?

The definition of entitlement with regard to land improvement is the legal strategy of acquiring approvals for the appropriate to produce residence for a specific use.

Mumbai Properties

Navi Mumbai is the world's largest planned city with 163 square kilometres (63 sq mi). It was developed in 1972 as a twin city of Mumbai. Navi Mumbai lies on the mainland on the eastern shore of Thane Creek. The length of the city is almost the same as that of Mumbai. The Vashi and the Airoli Bridges connect Navi Mumbai to Mumbai. A new link between Nerul and Uran is under construction. The costliest real estate and most extremely developed areas of Navi Mumbai are Vashi and Nerul, while Kharghar and Panvel are encountering major infrastructural developments due to their proximity to the proposed Navi Mumbai International Airport. South Navi Mumbai is being developed rapidly with its class infrastructure and current nodes of Kharghar, Kamothe, New Panvel and Kalamboli.

The City and Industrial Development Corporation (CIDCO) was formed on 17 March 1971, under the Indian Companies Act, 1956.

It was given the mandate of converting about 344 square kilometres (133 sq mi) of marshy land lying between the village of Dighe in Thane district and the village of Kalundre of Raigad district into a new city. Navi Mumbai railway stations are built by CIDCO with a well prepared and formulated close by regions comercially.

Vashi Bridge, was opened to the public for residents of Vashi, Belapur and Nerul. The Sion Panvel Expressway was designed to reduce the time taken to travel from Sion to Panvel. Initially there was not much response to the new city. The 2.4 kilometres (1.5 mi) long Airoli Bridge was built over the Thane Creek among Airoli and Mulund, an eastern suburb of Mumbai.

There are enough number of banks, eating places, shopping malls, multiplexes and other primary Property in Mumbai.

Throughout Navi Mumbai supermarkets and malls like Apnaa Bazaar, Dmart, More, Spencer's, Reliance Fresh, Spinach and Fairprice are developed keeping shopping requirements of the citizens in mind.

Most of the software companies in Maharashtra have their offices in Navi Mumbai. The Reliance group of industries have a key presence, and DAKC in Kopar Khairane and Mahape. Most of them are located in an area called the Millenium Business Park in Mahape. As a part of long-term planning, major commodity markets have begun moving from the heart of Mumbai city to Navi Mumbai. This is attracting more people to buy flats thus, rising the Mumbai Properties rates. The Navi Mumbai Special Economic Zone (SEZ) located in the nodes of Dronagiri and Kalamboli are prepared to supply commercial progress and employment to the city.

These developments triggered a abrupt growth in economic routines and in Mumbai Real Estate.

 
 
 
 
 
 
 
 
 
 
 
 
 

 

 

Kochi Properties

Kochi or Cochin as it was known as in the recent past is the commercial capital of the state of Kerala. It is a port city which is an important city of this state and this makes it a fabulous place to reside in. It well connected through road, air and rail services to the major cities of India. This has given way to what is called Kochi Properties.
The commercial properties in Kochi have always been in good demand. Kochi has been a major industrial venture for many industries. This has made the economic growth of Kochi possible in a very short time. It has redefined investment in this city by making it popular among Indian entrepreneurs.
The reason why Kochi has become a hot seat for real estate in India is that it is a great tourist destination. A lot of people have come as tourists and fallen in love with the place so much that they never wanted to go back.

This has transformed this part of Kerala into a major investment area.
Kochi Properties will give you a healthy environment which is free of pollution and a peaceful life. Apart from this the city has all the modern amenities that a modern city needs. The city gives you a life in the surrounding of nature. This is the biggest advantage of residing in this city.
In continuation you may also try to use your local acquaintances as part of your venture. This is called the word of mouth technique. At times this does not work well with many people. The logic behind this is very simple that you may not like what others consider as a beauty!
Another explanation why Kochi has become the center of attraction for many people is that the properties are quite affordable. That is why people from all realms of the society can think of investing in the properties in this city.
Before investing in Kochi Properties you need to hire a well connected real estate agent. These are bunch of professionals who know the city more than you do. Plus they can help you find properties within your budget. They have all the latest information about which property is on rent and which is on sale. You can rely on their expertise for sure.
Another way is to consult the net to get all the relevant information on properties in Kochi. The internet is updated with all the information and that is why it is you can get the information to the current properties which are available for investment. This way you can research on your own which gives the opportunity to discover more about a Kochi.
Kochi Properties are a smart investment for most people who want to reside in a serene and beautiful place. The Queen of Arabian Sea is worth a venture because of its strategic importance as well. The real estate is booming and people can enjoy a good stay in the back water.

Utah Properties

Utah's broad open areas, national parks, outside recreational and sports amenities also make it nicely suited for journeys and adventures.

People can capitalize on what Ut gives by generating it a everlasting or semi-long term location to reside in. There are a lot of Ut properties for purchase that will meet many budgets and personalized preferences. Place has been traditionally been regarded as the most essential element when investing in actual estate. Folks that want a straightforward commute to operate, a waterfront home or residence or even a area near to loved ones members can locate what they want with the aid of a regional Realtor. A nearby agent can also be useful in identifying added critical components their purchasers may not have originally thought of.

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Most Ut households for purchase are discovered shut to colleges, whilst other people will offer you you simple access to the two faculties and industrial institutions this kind of as retailers and areas to consume. Several homes feature architecture with significant and open flooring plans which are cozy and functional although some are Nation fashion programs, Tudor-fashion or Victorian-model. There are a distinct types of architecture to select from. In phrases of capabilities - fireplaces, visitor bathrooms, formal eating place, media area, coated porches, screened porches, pools, and also other capabilities - purchasers require to point out their priorities to the Realtor which will assist slim down their search.

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There are numerous potential buyers who're seeking for fixer-uppers and thrive on the challenge of restoring homes to their authentic glory. Some others desire new properties, looking to set their very own mark on a property or house. You will also come across individuals who are interested in minimal maintenance existing; they are drawn to condos and town properties rather of houses.

Ut and its towns are significantly less cosmopolitan compared to New York and quite distinct from Los Angeles. On the other hand, equivalent amenities and facilities and bigger properties are committed to nature and outside actions and recreation. These traits alongside with significantly less high-priced price of residing aid to make it a really excellent location to dwell, perform and play. By investing in any 1 of the numerous Ut houses for sale made, buyers can appear ahead to quality schooling and wellness care for their households, initial-price out of doors recreation choices for holidays and obtain to many of the leading restaurants and night time clubs inside of the western United States. For the most element, Utah residents are pleasant and recognized for their spirituality. Ut has a lot to supply site visitors, but tons much more to supply homeowners.

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There are several Ut houses for selling that would make fantastic investments for the prolonged run.

Buying Foreclosed Properties - Finding A Bargain Property

How to Grasp a Quality Bargain Property

People nowadays find it very difficult to put into action when it comes to buying or selling of properties. Whether the issue is about buying or selling cost-effective priced properties, it seems that the whole sense of property Market today is having a hard time affecting the industry, with the fact that according to the Halifax, the average price of domestic property falls off by 1.6% every year. The rate of interest of people within the society regarding property marketing has recently been considered as "near to the ground" for some reasons.

Recent property bargain strategies have been given stress to the societal information via online strategies. The purpose of such information is to be able to maximize the competence of property marketing in the society. To further help out with your decisions on buying a property, you must be able to understand the following facts and instructions in order to grasp a property bargain.

Resort to Foreclosure listings. Because of the low trend that the property markets experiences today, a majority of property agents and buyers are said to be resorting to foreclosure property listings. This fraction of property marketing has been found suitable and convenient for most bargains, as alleged by several implemented property negotiations. To purchase a property is believed to be one of the most expensive possessions that can carve up on one's pocket. It is considered to be the largest investment anyone can make in life regardless of their financial status.
Since foreclosure properties are properties that were foreclosed due to prior owner's failure of payments and are now being resold by lending agencies, it is given that the said properties are being sold at viable prices and are able at a discount.

Prefer a Good Choice of Property. Once you have gone through various foreclosure listings, you will be able to select a property to own according to your current financial capability. Foreclosure properties provide potential buyers a relief with regards to financial expenditures. Also, it is essential for buyers to stick to choices that are suitable for their intended housing requirements.

Search the web. Not only with the limited sources from lenders and banks can you find bargain properties, but also by surfing online, you can be privileged to massive foreclosure listings that will further help you in search for the right property to own. Searching through various property offers online will in fact save you time and effort from personally surveying through low quality properties. Privilege yourself to quality property-market-related websites such as http://bargainpropertywithequity.com/. This site will enable serious investors such as yourself to achieve quality property listings and more regarding your setbacks and concerns on bargain property decisions.

Although being able to negotiate with the best price is a foreseeable process, with the right information on quality and smart choice of bargain properties, you can be able to have a property of your own in a way that it won't cost you that much; at the same time, you can be able to own a bargain property that you can consider for yourself as a good deal.

Johor Properties

Located just a stone's throw away from Singapore, Johor Malaysia is the capital city of Malaysia in the southern area. Its capital city, Johor Bahru races after Malaysia's capital city, Kuala Lumpur. Johor Bahru (or popularly known as JB) boasts of having a population of about 900,000 in the city alone.

Johor is one of the primary urban centers in Malaysia and with a swelling population, and lucrative tourism earnings, which it rightfully gained because of its geographically ideal location, its real estate industry has boomed over the years.

Development projects abound in Johor as it elevates itself from being an agricultural state to a manufacturing one. Johor properties range from low-cost housing to condominiums and even mass housing to accommodate its population's increasing demand for quality and affordable shelter.

Conveniently located geographically at the southernmost city of Malaysia and Pasir Pelangi, JB paves the way for the tourists to reach the other states of Malaysia through its bridges and road links to and from Singapore.

Johor properties, specifically housing estates are located mostly in the South and West districts.

Southern area has housed the residential core for over 30 years, while the West area boasts of having the Port of Tanjung Pelepas and other significant housing estates like Taman Skudai Baru, Taman Perling, Taman Nusa Bestari, and Taman Ungku Tun Aminah.

Johor has attracted the global investors, and this has led property developers to deviate from low to medium-range residential properties to high-end homes, resort style.

The objective of its local government is to develop communities that are peaceful, with more than just quality housing but with adequate facilities that ensures a healthy, peaceful and safe living environment. The aim is to reach not just the rich, but also to make this quality of living affordable to the low and middle earners.

Melati Ehsan Group, one of the popular developers of Johor properties, has made the vision of providing affordable houses to the masses possible. This group pursues to build more low and medium cost houses and properties to address the needs of the low -income earners in Johor.

The people-friendly government of Johor continues to implement pro-active housing projects that will cater to having affordably priced homes.

Chandigarh Properties

Chandigarh has been amongst the first few planned cities of India and it is also the state capital of both Punjab and Haryana. This has made this city a vital area for expatriates, diplomats along with becoming a nucleus of NRI's. Since Chandigarh had been a well planned city, all the constructions here had been at par with environmental norms. Apart from this pollution and unhygienic living conditions are not entertained and all the builders here had to adhere to these factors.

Chandigarh properties have been witnessing tremendous growth and this happened in spite of restrictions on the construction here. The strict government norms continue to exist, but the real estate developers here have found new means to expand the property sector. All the new developers have focused here on construction of modern condominiums and apartments. All of these constructions have expanded too many new areas of the city.

The booming industry for properties in Chandigarh has been largely to meet the rising demands of population in Chandigarh.

Most of the emerging constructions here have been in sectors like Mohali and Chandigarh-Patiala highway. The property expansion here has been focused on building plush apartments and bungalow. But these constructions are providing the best possible facilities to the potential buyers.

Most of the apartments in Chandigarh are offered at economical interest rates and EMI options. Hence the demands for properties in Chandigarh are offered to potential buyers at reduced rates. These apartments are made in accordance with modern lifestyle standards. These homes provide for amenities like swimming pools, community halls, gymnasiums and other related benefits to potential buyers.

Also the commercial property rates have soared in these areas because of the emergence of multinational companies and the expanding governmental sectors.

This has forced many of the small developers to shift to other sectors. Over the past few years the benchmark for rentals has increased with most rentals going up by 100 percent in the past one year. Sector 8 and the other commercial sectors have witnessed this boom the most.

Property market in Chandigarh has been emerging in the periphery and the number of land registration deeds has reached an all-time high. Even though this sector had witnessed a slump in between, it has successfully reemerged and regained its lost momentum. The state Government had gained Rs 88.38 crore as stamp duty and registration fee in Chandigarh periphery.

The booming real estate sector here has provided for benefits for both potential buyers and also for the property developers. The Chandigarh real estate market is expected to grow with the rise of demands in the northern sector. Chandigarh has also been the hub to some IT sectors and this industry is also expected to grow here. The property rates for the commercial sectors are expected to grow, if more multinational companies set up their bases here. Expansion of the city to districts and other areas, have given more scope for expansion of the real estate sector and more options for buyers.