Friday, August 31, 2012

Things to Look for in Student Apartments

Are you getting ready for the school year to start? Is moving day right around the corner? If so, you are probably busy looking through listing after listing for student apartments. As a college attendee, it can be difficult to find housing that meets your needs. There are several considerations that go into finding the right accommodations for your college experience, and by looking for some of the following features you will be much more likely to find a unit that meets your needs.
Low Rent
The first thing you should look for in student apartments is affordable rent. In most cases, students pay for their housing by using money from their loans. This being the case, it is important to find a unit that will require you to borrow less money. Loans can be a large burden on an individual after he or she graduates. Therefore, if you are able to make it through college without borrowing more than is necessary for housing, you will be setting yourself up for success after graduation.
Short Commute
Another important feature to look for in student apartments is location. Ideally, you want to find a place that has a short commute to the campus. Your best bet will be to find a unit that is within walking distance from your primary academic building. This will make your mornings much easier, and you will be much more likely to attend classes successfully if you are able to get to them easily. If, however, you are not able to find a unit within walking distance of campus, then it you should look for a place that has convenient access to public transportation. In either case, though, it is important not to have a long commute to school. You will thank yourself later.
Safe Neighborhood
Finally, and for obvious reasons, it is important when looking for student apartments to know which neighborhoods are safest. College kids tend to be easy targets for criminals, and, as a result, robberies are not uncommon in areas surrounding college campuses. Therefore, it is important to find a place that is in a safe neighborhood where crimes like these are uncommon. You will be glad for the security, and your parents will rest comfortably knowing that you are safe.
All in all, there are a number of things to look for when trying to find student apartments. You should look for a place that has low rent, is within a reasonable commute to campus, and is in a safe neighborhood. If you do these things, you will be sure to be satisfied with your housing choice.

Wednesday, August 29, 2012

Why Central Park Is the Premium Investment Choice for Average Income People?

The yearly economic stats findings reveal that after agriculture, real estate is the most vibrant and thriving sector in Pakistan. Investment in Pakistan real estate is a lucrative opportunity to earn handsome profit on sale and steady income in the form of rent. Property prices are gradually going up and that discourages savvy investors to buy properties in Pakistan yet a number of serious buyers are looking to invest in this sector.
Experts favour investing in Pakistan properties because it offers slow but upward growth and steady returns on investment, good quality properties in good housing societies always remain in demand and several new high end residential housing schemes keep on springing up. Lahore real estate is one of the prime investment choices because it is home to the new and ever growing housing schemes springing up on the outskirts of the city.
One such housing scheme that is considered an attractive investment spot for both local and overseas Pakistani investors is Central Park Lahore. Let's reveal why it has become a premium choice for investors in a short period of time.
Central Park is a premium choice!
Central Park Lahore is a well-established and a well-planned housing society and a project of Urban Developers that has a long successful history in terms of delivering the best housing projects throughout Pakistan. It is a fine blend of elegance and style and offers one of the best amenities to the residents. The society is located on Ferozepur Road, 22 kilometres away from Kalma Chowk towards Kasur. Central Park is a wide spread housing society stretched over approximately 10,000 kanal (1250 acres) of land.
General amenities: Almost all of the modern housing projects in Lahore launched by developers target upper class but this self-contained society is an attempt in the real terms to provide affordable residential, commercial, recreational, educational and health facilities to the middle or average income group people. To meet the growing housing needs of local people, new projects are continuously launched but not all meet the high living standards. Several societies do not focus on providing lush green parks and landscaped gardens to the inhabitants but this project is planned to keep the true spirit of healthy living alive by designing 500 kanal a lush green amusement park. To complement urban living, all contemporary facilities are provided within the vicinity.
High quality of life:The developer has not just focused on providing plots of different sizes but also has included several top notch factors to ensure high quality of life for the residents. Along with an amusement park, the residents can also find 24 hours public transport facility, hospital and medical college, filtration plant for safe drinking water supply, functional sewerage system, provision of natural gas throughout the year, underground electrical system, carpet roads, community centre, mosque, schools, college and a cash & carry system.
Affordable & secure:The plots are available in Central Park Lahore at affordable rates so that middle and average income group people can easily buy plots. Initially plots were offered at affordable instalments as well. To ensure foolproof security of the residents, Central Park stickers are introduced for the society dwellers to keep foreign vehicles away. Also one entry and one exit point are functional and alert security guards are deployed at the main entrance.

Friday, August 24, 2012

Understanding Homeowner's Insurance

What is the difference between Reconstruction and Replacement Cost Coverage? - It is important to understand that the reconstruction cost (replacement value) is the amount that the insurance company estimates it will cost to completely rebuild the property from the 'ground up' with like-kind materials at the current labor rate and materials cost for the geographic area in which the property is located. This amount also includes often disregarded or forgotten 'soft costs' such as architectural fees, permitting fees, and the cost of demolishing and/or removing the damaged structure prior to rebuilding. From a strictly insurance-based perspective, the reconstruction cost of a home has absolutely no relation whatsoever to the property's purchase price, the mortgage loan amount, appraisal value, or market value. In other words, the reconstruction cost is a completely independent value with no correlation at all to any other property-related value. For example, you may have purchased a property that appraised at a market value of $230,000, but because of the seller's personal situation you were able to negotiate terms and purchase it for $180,000. After providing a 20% down payment of $36,000, your mortgage loan balance is only $154,000. Although there are several different values associated with this property, none of them have anything at all to do with what it may actually cost to completely rebuild it after a loss.
How Are Reconstruction Costs Determined? - Another common area of misinformation for property owners is regarding how a property's reconstruction cost is actually determined by the insurance carrier. As opposed to common belief, this is not simply a 'blind guess' as to the cost of replacing the property. This formula is a little complex and it may vary somewhat from company to company depending upon the data points used, but the process (which is simplified below) is generally the same. Most companies in the United States pay an enormous amount of money each year in order to have full access to the Marshall & Swift/Boeck (MSB) construction database. This is an experienced and well-respected third-party company that maintains accurate construction costs (materials and labor) for every single zip code in every county in the United States. This database is updated every 90 days and it is usually very accurate. When requesting a new quote for property insurance, you agent may ask you many questions regarding the property's physical features, such as the square footage, number of stories, construction type, roof material, exterior walls material, what floor coverings are used, etc. The purpose of these questions is to understand exactly how your property is built so that this information can be input into the carrier's reconstruction cost software. Once this data has been obtained and input into the system, the software works with the MSB database to compare labor and material costs for the area and determine a fairly accurate amount of what it is expected to cost to rebuild the property at current labor and material rates. The reason that two different companies may have two completely different reconstruction costs even when using the same data has to do with how the company calculates its own internal cost estimate, not with the MSB database. For instance, company 'A' may develop a reconstruction cost of $100,000, but within their internal calculations, they may add an additional 20% for labor costs, 5% for 'soft costs', and 22% for materials while company 'B' uses only the hard costs provided by Marshall & Swift/Boeck. The purpose of this is to err on the side of caution and attempt to include an additional margin in order to offset any unforeseen fluctuations in actual costs after a loss. Each company's reconstruction cost formula is proprietary and agents have no idea exactly how each company calculates the end cost or what margins are included. All agents have access to is the final estimated cost of replacement.
Can Two Properties Built Exactly Alike Have Different Reconstruction Costs? Absolutely! Labor and material costs can vary a great deal from one geographic area to another. For example, here in Texas a home in El Paso may have a reconstruction or replacement cost of $150,000; however, that same house with the exact same size and physical features, may have a reconstruction or replacement cost of $210,000 in Houston. The reason for this, as has already been mentioned, is due to the local building codes, labor rates, materials costs, and other such issues.
Why Are Reconstruction Costs for New Properties More Than the Builder's Sales Price? - One common point of disagreement between an insured property owner and his or her insurance company is that of the reconstruction cost of a property being a great deal more than the actual purchase price of a new home that was only recently built. From the customer's perspective, he or she may have only paid $200,000 for the property, which includes the builder's construction cost as well as the equity, land and everything else involved, but the insurance company determines that the replacement cost is actually $225,000. The customer often can't understand why the reconstruction cost for the insurance company is so much more than for the builder and he or she often argues that the property is being over insured. This is a logical point of view; however, it is simply not the case. When a tract builder constructs a new home, their cost of construction is far less than that of a custom builder. The reason for this is simple. When a tract builder constructs a new home, he or she is usually building a great many more at the same time and in the same subdivision or geographic area. This means that the builder is often purchasing millions, if not tens of millions of dollars, of supplies and materials in bulk. This allows the builder to obtain huge volume discounts on pricing which greatly reduces his or her construction overhead. In addition, the builder may use the same labor crews for framing, concrete work, and all other phases of construction. Because the builder is supplying a steady flow of repeatable work to his subcontractors and these subcontractors are working for extended periods of time in the same areas, the labor rate is also greatly reduced. This is not the case with regard to custom builders. Rebuilding a property is always more expensive than first-time new construction. If your two-year home that you purchased from the original builder for $200,000 is destroyed in a fire, the contractor or builder that you hire to rebuild the home will not have the same deep discounts on his labor and material costs. In addition, he will have the added expense of obtaining new blueprints, architectural and permitting fees, debris removal, etc. which the original builder either did not have or which was also greatly reduced. This means that your $200,000 home may cost $250,000 to rebuild.
Why Do Older Properties Often Cost More To Rebuild - It is also important to understand that older properties may cost even more to rebuild. In addition to all of the other aspects already described, older properties may have unique architectural features that are difficult to replicate with today's codes and materials and some of this work may require craftsman specializing in such things as tin ceilings, ornate molding, and similar work; all of which increases the construction cost.
Are Reconstruction Costs Automatically Updated When My Insurance Policy Renews? Yes and no, it depends upon the company issuing the policy. Most standard companies automatically re-process the reconstruction cost when a policy renews using the information previously provided. This is why property owners may see both their premiums and reconstruction costs increase on an annual basis. However, if there have been any improvements or alterations made to the property, such as room additions, elevation changes, interior remodels, or other such changes, the reconstruction or replacement cost listed on the policy will be inaccurate as it does not include these new modifications unless the insurance company is notified and this new data is included. This is why you should always contact your agent any time you make changes to your home or property that may affect what it ultimately costs to rebuild.

Friday, August 17, 2012

Student Apartments Off Campus Are Often Better

Student apartments need to meet the study and comfort needs of the individual. While dorms on campus may seem like the normal option, they can be one of the more expensive choices. More so, they often lack the qualities and features that parents want their kids to have, not to mention the amenities the kids themselves want to have access to. For those who are planning out where they will live this coming year, look off campus, too. You may find some key advantages of living here are just too good to pass up.
Cost Savings
One of the biggest reasons to select student apartments is the ability to reduce costs. Reducing the cost of tuition sometimes by hundreds of dollars, these properties can offer a great deal of savings. Because there is a limit to the number of dorms available on campus, most colleges charge a premium cost for them. Even though the cost can be rolled into the student loans, it is still a price that is often too high to pay, especially when there are great options off campus.
Amenities and Features
Another key reason to use an off campus apartment is the significant set of advantages provided. Some facilities have full amenities onsite including laundry facilities, pools, workout spaces, study areas and community areas. They offer security, too, something that is often lacking in other locations. Add to this the amount of room necessary to spread out, and there is no doubt that students will appreciate the features of these facilities.
Prior to Choosing a Location
Before you select a facility, it is a good idea to learn as much as you can about it. Not all facilities are the same. Be sure to choose a location that is near to the campus, especially if the student needs to walk to and from classes or needs to use a bus. Additionally, consider those facilities that provide ample security that provides protection throughout the day and night. You may also want to consider the features and amenities offered and compare options carefully between buildings. Do not settle for paying for a location that is just okay. Rather, look for one that offers exactly what you need or simply pass it up.
As you are considering the student apartments in any area, it is a good idea to focus on the overall cost as a secondary factor to the features and security the location offers. Sometimes, the best options are those communities dedicated to providing students with an outstanding experience living near the campus. They save money while still providing virtually every feature necessary to make college living exceptional. Check out the options available to you to find out what you can expect.

Thursday, August 9, 2012

Distinctive Features That Set Fisher Island Real Estate Apart

Fisher Island real estate options are known to be one of the most outstanding options in Miami today. If you happen to be someone who would like to purchase a home or condo within Miami, you should take the time to discover the distinctive features that set these options apart from other options available within the region.
Amazing Oceanfront Location
Property buyers will often be told that location is of utmost importance when it comes to any property purchase. Now, Fisher Island real estate options are located in one of the most amazing oceanfront locations in Biscayne Bay where a fabulous selection of waterfront properties are situated.
People can easily look forward to waking up to the warmth of the sun while being in the midst of such majestic surroundings which is simply perfect for people of all ages which is unlike other areas which only seem to cater to specific age ranges.
But aside from its direct views of the Atlantic Ocean, the community is also located just minutes away from prime areas such as the neighborhood of South Beach and the dynamic city of Miami which makes it convenient for residents who are looking forward to the chance to explore everything that the region has in store for them.
Private Island Community
The private island community is one of the most exclusive areas within the Miami region as there are no roads or causeways that connect the island to the mainland since it is only accessible by private boat, ferry, or helicopter.
Also, in making sure that all of the residents are given the highest degree of security, the community implements strict regulations when it comes to letting people get past the gates of the island. The only way that you can step foot on the island is if you are a resident, or if you have been invited by one.
The Fisher Island Club
In addition to the exclusivity that is offered by the secure community, residents of the island are also entitled to experience and indulge in the first-class amenities offered at the Fisher Island Club which include the island's very own 9-hole golf course, tennis courts, swimming pools, deep-water marinas, polo field, and country club.

Friday, August 3, 2012

Why Is Commercial Property Inventories Important?

It is your hard-earned money and hence you need to apply caution to ensure that your property is properly managed. Any investment will increase in value only if it is properly managed. If you have commercial properties, you need to ensure that the property is properly managed keeping your interests in mind. You need a representation to keep track of all stocks in your property and this is why anyone engages commercial property inventory clerks.
The role of inventory clerks is the compilation and maintenance of all types of stocks and assets of an establishment. Maintaining inventories help to keep track of the stock available and make perfect decisions concerning orders to be placed for materials, which are required in the manufacturing process. Apart from helping smooth manufacturing process, maintaining inventories help to identify the materials on hand, classify them based on their qualities and store them or dispose them as seem fit to ensure prevention of loss.
Why the need for property inventories?
If you own a property, you are sure to know that your asset needs to be maintained to ensure that no disputes arises. Hassle free property management is possible only if you effectively put to use commercial property inventory management. Let us see why the need for inventories is felt by property owners.
  • Your investment is in safe hands with inventory clerks. Hence, you need not worry about disputes arising between your tenants and yourself.

  • Commercial property inventory clerks manage your assets by paying regular visits to inspect that everything is fine.

  • Detailed reports are given to landowners for any damages in the property during work on the site.

  • While letting out your property for rent, you need to know the condition of your property and the items including furniture present. This would help you claim damages in case need arises. Inventory clerks give you a detailed report on everything about your property so that the owner may move the court to claim damages.

  • The role of commercial property inventory clerks is two-sided as their reports on the property before occupation by the tenant helps the tenant to protect himself from false claims, if any by the owner.

  • After occupation by the tenant, periodic inventory inspections are undertaken by the inventory clerks to ensure that the property is properly maintained. This helps the owner to have information on the condition of his property without any physical strain from his side. This also helps to maintain a better owner-tenant relationship.

  • Once the tenant decides to vacate the property, commercial property inventory clerk inspects the property again so that the final check will rule out the possibility of any disputes.
Pair with the right agency
Now that you have chosen to avail the services of commercial property inventory clerk, you need to identify the right agency to help you. It would do well to get information from your friends who have been using such services. You may also browse the internet for details. Expertise in the field and effective communication to keep you informed with detailed reports are essential elements you need to look for in your search for commercial property inventory clerks.

Thursday, August 2, 2012

How Getting A Good Place To Live?

Even if you don't intend to live there for an extended period of time, it makes sense to spend some time hunting for apartments. Even a stay as short as six months (the bare minimum lease for many residences) can seem like an eternity if you hate the place you live. Finding the right place encompasses a lot of factors. The neighborhood, the neighbors, the rules, the security, and the cost will all come into play. So don't wait until after you move in to complain about what you don't like. Find out beforehand and make a decision you can live with. Here are some of the things you should focus on.
Price Shopping
There are two downsides to choosing among low-priced apartments. One, you're going to get what you pay for. Cheap places to live are that way for a reason. What matters is whether or not you can live with those reasons. If they are primarily cosmetic (a perfectly fine complex may not be able to charge high prices for a place where the exterior is as ugly as sin), it may not be a big deal. However, another downside is that low prices are going to attract a lower class of resident. This sometimes translates to a noisy, crime-ridden complex. Find out before you sign a lease whether this is the case.
You can't underestimate the importance of location when looking for a place to live. This is as true for apartments as it is for buying a house. Older people may want to look for deed-restricted communities where rooms are only for those 55 or older. This can cut out the partying, yelling children, and other bothersome issues that may be a big part of living in the average complex. You'll also want to take into account practical matters such as how close the complex is to your workplace. It doesn't make much sense to make your life more difficult than it needs to be by renting a place across town from the office.
Having a large dog can make looking through apartments difficult. Because of the destruction they can wreak, these dogs have been banned from many complexes. Even though your dog is undoubtedly sweet and calm of nature, the management of the property probably isn't going to grant you an exception. Still, there are places out there that are friendly to dogs, even if they are larger. Keep looking. Though you may have to pay extra for the privilege, it will be worth it if you can keep Fido by your side.