To make your property secure, Installing folding gate on your window and doors is one of the essential security steps to keep intruders out. Folding security gates are easy to install, offer a high level of protection against break ins, and look good. Folding gate permanently attaches to the sides of an door and window and has a drop pin in the middle for extra stability. It can be used as pair folding gate for wider opening. It can be pivoted on vertical gate rails when an opening is necessary. Here’s all you need to know about boosting windows and doors and doors security with folding gates.
If you’ve ever been the victim of a break in, or seen it happen to a relative, friend or neighbour, you know what a devastating occurrence it can be. Not only is there the loss of valuable possessions but also the mess to clear up, the lingering fear, the tedious hours spent at police stations, and the sense of violation. The sad fact is, though, that most burglaries would never have happened if the property owner had taken some precautions by boosting window and door security, for instance.
Simply put, you are ten times more likely to be burgled if you dont have basic security – even something as simple as putting strong locks on your doors and windows and doors will keep your house much safer. But why stop there? If you really want to make your property virtually impregnable, look into installing folding gates on your windows and doors.
Perfect for both commercial and domestic applications, folding security gates give your unparallel windows and doors and doors security by sliding into place behind your windows and doors and creating a strong barrier against intruders. Also known as sliding gates, retractable gates, collapsible gates and concertina gates, they slide away behind the curtains when not in use. These gates are also available for doors.
These gates are crafted from a range of materials with Powder coated Steel being the material of choice owing to its unmatched blend of strength and durability.
A great feature of these gates is that even when in position they allow the flow of air for ventilation. In other words, they keep the bad guys out while allowing light and fresh air in. In the summer, you can leave your windows and doors open with no reduction in security.
What’s more, folding gates require minimal maintenance and take up little space, just a little bunching at the sides and some headroom above.
You can choose from a range of folding gates of varying security levels depending on your needs. Using gates in a home which is usually occupied for example doesn’t require the security level of business premises containing valuable possessions and which may be unattended overnight or over the weekend.
The great thing is that they’re a visual deterrent. So the sight of these gates will probably dissuade the would-be burglar from even attempting to break in. This should prevent the damaged windows and doors that can result from a botched break in attempt.
Another benefit of these folding gates is that they look good, too. You can get them in a range of style including vertical, horizontal or diamond lattice designs. They’re usually supplied in a powder-coated white finish. You can however choose a powder coating of any standard colour with either a gloss or matt finish. This way, you can match your new gates to the existing decor of your property. In other words, folding security grilles form an effective barrier against intruders, while maintaining the original appearance of the building.
This ability to offer security while maintaining the original appearance of the building is especially useful for the offices of professional firms such as solicitors, accountants and estate agents. For such firms, it’s important to maintain a professional image at all times but also need high security as they keep sensitive client documents on the premises. Folding gates work perfectly here. They slide into place to offer protection when the office is closed and they slide out of side when not in use.
Folding gates also offer ease of installation. They’re usually installed internally, cause minimum disruption, and generally don’t require planning permission.
Installing folding security gates is the best thing you can do to make your property safe and you can choose matching gates for your doors. Check out the wide range of accessories and hardware for folding gate installation available online and request a quotation today from a reputable online supplier and make windows and doors security a reality for your home or business. As a final plus, you may well get a reduction in your insurance premiums.
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.
Companies rapidly expanding to the global marketplace may have the great opportunities for profit, however, if unable to carefully evaluate the international business risks involve, the golden opportunity perceived may soon turn into an expensive mistake.
Doing business in the domestic marketplace may involve looking only as far as the potential customers ability to pay and willingness to pay. When doing business internationally however, the definition of risk expands beyond customer commercial risk that includes country risk. In fact, the first thing that should be analyzed before evaluating the elements of risks associated to individual customers, is the country risk. If the country risk shows of great risk then it is senseless to continue information on the customer, but if the country risk is acceptable then the nature and extent of the country risk can help formulate the method of customer risk analysis.
International Business Risks #1 Country Risk
Approving and accepting credit to a foreign customer is also accepting the risk of the customers country. Country risk analysis means being decisive of the country credit-worthiness in terms of the willingness and ability of a foreign government to make available to local companies foreign exchange essential to service their foreign currency denominated responsibility or debts to foreign suppliers.
Evaluation of country risks takes into account the possibility of delayed payment or credit loss which can result from any one or a combination of four wide risk conditions such as the resource base, external accounts, political risks, and government policy. Always remember that these factors are interrelated and often overlap with each other.
International Business Risks #2 Political Risks
Analyzing the political outlook of a country maybe more important than analyzing the financial and economic matters of the country. In political risk analysis, one should look into reasonable assurance that if ever political change comes, as it always does, the change will be orderly and there will be practical continuity in basic economic and financial policies.
The possibility of suspension on external debt or even rejection should be carefully assessed. Leadership changes can also change the way in which international investment community views the economic future of the country. Wide fluctuations in currency markets can occur as well as government policies threatening to destroy investment and property of commercial investors in a country. Capital flight is inevitable usually resulting to restrictions of the countrys government on the flow of currency and disruption in international trade.
International Business Risk #3 Foreign Exchange Risks
Like any other commodity, currencies also follow the law of supply and demand which is subject to economic as well as political conditions. Exchange rates can fluctuate uncontrollably, sometimes a lot of times in a day, harshly complicating a companys short-term and long-term financial strategic decisions.
The importance of analyzing international business risks should never be underestimated as all these risks have a tremendous impact on the trade of goods and services between nations and thus affecting the failure or success of a business internationally.
At this time, study into fiscal assets, articles or blog posts of incorporation, current market share, technological innovation, hardware and small business competencies are examined.
Sadly, for small business&hellipone plus 1, does not always equal two, notably when it comes to culture and integrating &ldquohuman methods&rdquo.uo.
Figures suggest only fifteen% to 25% of all mergers and numerous small business combinations dwell up to anticipations. 25% to 30% are claimed to be outright failures, with the obtained entity staying liquidated at a loss in three to five many years of acquisition. The remaining forty five% to sixty% result in very little or no clear profit to the purchaser&rsquos shareholders.
In currently&rsquos merger action, we see an alarming pattern of companies shelling out as well much for the corporations they are acquiring. Normal Local climate: open-finished inquiries that capture the tales and recommendations from staff members.
The consequence is a Cultural Resume. This doc demonstrates the information final results of a cultural diagnostic and lays out the distinctive organizational culture of every single organization unit into one particular crystal clear message. The Cultural Resume helps the stakeholders make a decision the finest strategy heading ahead and creating measurable action options for the formation of cultural integration endeavours for these included. Cultural Due Diligence can&rsquot fix an group that is pursuing the erroneous approach. What it can do is cut down on casual methods, interior politics, lack of believe in, resentment and just plain negative administration that might sink the right technique. Like any assessment, CDD is only as fantastic as what you do with it, but we consider the attempts concerned are very well worth it.
Folks are the spine of any enterprise and are at the heart of integration exertion. We listen to this all the time &ndash &ldquoPeople are our most significant asset&rdquo&hellipreally? Then why are financials reviewed every quarter, buyer gratification surveys done each quarter (or additional commonly) and employee gratification surveys are done just about every 18 months, at finest? So actually, are folks our most important asset?
The techniques individuals have and their experience make up a major portion of a business&rsquos value. By which include and bringing men and women into the integration approach you will get much better details that will foster far more engaged workers and greater company benefits long-term.
Does Cultural Due Diligence Work? We believe that so!
We labored with a big manufacturing organization on integration attempts. The firm experienced created a strategic determination to combine its sales power and client provider organization. We commenced the assessment period with a common organizational chart assessment, actual physical site mapping and administration designs evaluation. The variations in between the two companies were wide and did not match the printed policy manuals at all. The two features were audited and we executed the Cultural Due Diligence process.
The finish outcome?
We successfully built-in the two functions underneath a single management team and saved above $1,000,000 in waste for each 12 months. Two dozen redundancies and a number of mismanaged and outdated policies and treatments had been removed. In the upcoming two many years, purchaser fulfillment rose by thirty% and market share grew by above 20%. Most importantly, the work lasted and outperformed objectives. We defeat the odds!
Glycerin, also spelled glycerine, is a basic ingredient in most soap. In fact, it is a by-product of soap manufacture as it occurs due to the reaction of strong alkali with an animal fat. This process is known as saponification and it is this process that brings out soap or detergent. While most manufacturers separate glycerin from the mixture, others incorporate the compound for its natural benefits.
Lots of soap-makers recommend glycerin as a basic ingredient because it has the ability to draw in moisture preventing drying of the skin. The compound is a natural moisturizer. In fact, it is a humectant a substance that attracts water. Thus, soap containing the hygroscopic compound is known to have skin conditioning and moisturizing effect.
Glycerin is a viscous liquid that is at the same time sweet and colorless. It solidifies to a paste-like substance and has a high boiling point. During the soap-making process, some manufacturers remove the compound from the soap mixture and incorporate it into other products like lotion and creams. However, when it is added to a bar of soap it results to a nearly transparent product with moisturizing properties.
The compound is known to be a good solvent and this is one of its most remarkable properties. In some instances, it is better as a solvent than water or alcohol. This property makes it highly miscible in both alcohol and water. However, it never dissolves in oils. In its pure form the compound is called glycerol which suggests it belongs to a classification of organic compounds called alcohol.
It is extremely hygroscopic, which means that it readily absorbs moisture from the air. For instance, leaving a flask of pure glycerol open allows attraction of water that it soon loses the purity.
It was in 1889 when the compound was first obtained from animal fat through candle making. During which time the only way to derive the compound is through this process. Also, in that time animal fat was the only raw material for making candles. During the World War II, it has become a major component of dynamites and heavy demand for the substance was not sufficed by soap making industry. Thus there was an abrupt production of synthetic forms of the compound.
The substance has a chemical formula C3H8O3 which is also occurs as a liquid by-product during the production of biodiesel in a process called transesterification. This syrupy liquid occurs in nature. Found in cells of plants and animals (including humans), it is a part of the large bio-molecules of many lipids. In biologic processes the compound occurs as a result of the fermentation of carbohydrates. In organic chemistry it is produced by propylene synthesis.
Glycerin is an ingredient in several health-care products and toiletries. It is found in food products, as well as pharmaceutical and cosmetic items. It is found in moisturizing lotions and creams because of its hydrophilic and hygroscopic properties, which allow the substance to retain moisture. There is a debate whether it is the hygroscopic properties of the compound that makes it good for the skin, or it may be possible that the chemical has other unexplored and unidentified properties aside from the one already mentioned. The moisture-drawing property makes it an excellent emollient when added in soaps and moisturizing creams. An emollient is a substance that smoothens and softens skin. Another reason personal care products utilizes the substance is because of its skin lubricating advantage, not to mention it serves as a thickening or emulsifying agent in cosmetic products.
Home-made soaps or the hand-made varieties naturally contain glycerol, which commercial soap-makers remove. The separated liquid is used in massage oils, lip balms, skin softeners and moisturizers, perfumes and essential oils, and pharmaceutical preparations.
Commercial Property loan is obtained through several basic requirements that are somewhat different from the residential mortgage loan requirements.
When you invest in a piece of commercial estate, you generally have to take out a mortgage to pay off the cost, just like with a residential purchase. Yet, the factors determining whether or not you will be approved for an investment property loan are somewhat different and the requirements are more demanding. Commercial mortgage lenders will look at several financial aspects including a property appraisal, a credit check, the down payment, and the Debt Service Coverage Ratio.
A property appraisal is required to determine the market value of the commercial building and accompanying land. The appraisal keeps the lender from inadvertently loaning you more money than the real estate is worth, thereby reducing the risk of loss for the lender. Appraisals are also conducted during residential home purchases, but the price-deciding factors are different. A commercial property’s value is based not only on the condition of the roof, the plumbing, and other systems, but also on the size, location, and accessibility of the place.
With an investment property mortgage loan, you will also need to demonstrate a good credit record. Of course good credit is a plus in residential mortgages, but because commercial properties generally cost much more than the residential properties, the credit requirements tend to be more stringent. In addition, checking your credit history and score, lenders will want plenty of income and asset documentation to make sure you will be able to make your mortgage payments. If it is your own business that will occupy the business space, the lender will want the proof of the profitability of your venture.
Down payments are another determining factor in whether or not you will be approved for a commercial property loan. In the residential world, borrowers can often get away by contributing very little and sometimes even nothing up front in the form of a down payment. The big price tags on official and business properties, however, makes lenders very cautious as the risks are much greater. Large down payments are usually required for an investment property mortgage loan, with the minimum being 20 percent of the price. In many cases though, the average seems to be a down payment of 30 to 45 percent. You are then provided with the loan of the remaining amount of the purchase price. The amount you are loaned compared to the actual price is called the Loan to Value ratio (LTV) and is a very commonly used percentage in the mortgage world.
Finally, you will be approved for a mortgage based on the Debt Service Coverage Ratio (DSCR) of the commercial real estate. This is the amount of money the realty generates each month from rents and other fees (the net cash flow) versus the amount of the monthly mortgage payment (the debt service.) This ratio helps lenders to determine how much you can reasonably afford to pay on your commercial property loan each month. Most like to keep the ratio between 1.1 and 1.4. A ratio of 1.4 means that for every dollar you pay in mortgage payments, your property should be generating $1.40. Your revenue would therefore be larger than your debts, and you would theoretically be able to repay your loan.
Certain commercial lenders may have additional loan requirements, which are not listed here, but the basics remain the same for all. Be sure to shop around and ask each lender how he or she determines its approval. You can be competitive in the commercial property loan market by doing your homework and coming fully prepared to the negotiating table.
Acquiring commercial property loan is not an easy task as there are many stringent and basic requirements to be fulfilled prior approval. For detailed information on investment property loan and lucrative commercial property dealings, you can visit, http://www.kiscl.com.
HGTV has chosen to build their 2012 Green Home in the Serenbe community, located just 30 miles southwest of Atlanta. Serenbe is a sustainable development in the rural community of Chattahoochee Hill Country. The HGTV Green Home fits right in with the building standards of Serenbe, where all homes are EarthCraft Certified. The community preserves 70% of its green space, and the buildings have a minimal impact on the surroundings.
The HGTV Green Home resembles a farmhouse, with a modern floor plan and eco-friendly features. The home has 3 bedrooms and 2 baths in 2,300 square feet. The contemporary kitchen has custom hickory wood cabinetry, stainless steel appliances, and a dual fuel range. The countertops are a terrazzo blend material which includes recycled glass. The main level master suite has its own private outdoor courtyard. The upstairs kids bedroom has a unique loft area for playing games and watching TV. The homes layout encourages outdoor living. The Georgia Room functions as an indoor/outdoor space with two walls of sliding French doors that open to the outdoor decks. The primary outdoor space at the Green Home is a large barbecue deck off the kitchen, complete with a built in barbecue and an outdoor eating area. There is also a courtyard off the living room, and a covered seating area off the detached garage.
The Serenbe community is designed with villages or hamlets, each one having residential and commercial property. The villages are connected by roads and walking trails. The entire community is pedestrian friendly, and green space protects the wetlands and watershed areas. Businesses located within the Serenbe community include restaurants, galleries, shops, a medspa, and a market. A 30 acre certified organic and biodynamic farm provides fresh produce for the Saturday market, which is held from May through October. Tours of the farm can be arranged. Serenbes amenities include an inn and conference center, an outdoor amphitheater, and a playhouse which offers three summer productions. A stable arranges guided trail rides, and bikes and golf carts may be rented.
The public may tour the HGTV Green Home from May 4 through June 24, 2012. Tours are given Tuesday-Sunday from 11am-7pm. The home is closed on Mondays. The tours last approximately 30 minutes, and ticket prices are $20. Proceeds from the tours support The Serenbe Institute and The Chattahoochee Hills Charter School. People may enter twice a day for a chance to win this fully furnished HGTV Green Home. Entries may be done online at HGTV.com and HGTVRemodels.com through June 1, 2012.
There are many methods that you can use, which can ensure your business is going to get a boost in profits. Colombo is a 21st century modern city with tallest skyscrapers and home to thousands of officers from regional to global. This city has become a destination for business operation. There are many companies that have set up their business address in various buildings of the city. However, a commercial building for rent in Colombo is considered as he focal point of the country as many commercial agencies are located within. You should look for a working place that can be seen easily by your clients everyday.
When it comes to finding a commercial building for rent in Colombo, there are some tips to guide you to get the best one for your business. One of the major benefits of working environment is to cut down the company overheads as opposed to owning a premise. Nevertheless, a location is one of the most important things you need to think about. The best place should be something that is useful for the success and growth of your business. There are various office spaces that can be leased in Colombo. With so massive options, you may wonder which one can fit for your needs.
The commercial building for rent in Colombo is designed to offer accommodation facilities on the premises. When it is close to shopping malls, bars and restaurants, your employees can have a lunch after work. It is necessary to evaluate the value of the office spaces you get before paying and setting up your office. When referring to the location, you should make sure if it is close to where you commute from or close to your intended clients. If it’s not far from where you commute from, you can save a lot of money in commuting. There are many locations where you desire to have a space.
A commercial building for rent in Colombo is the best solution that can help cut down your money. When you don’t have time to choose it, you can seek the help of experienced commercial property agents. They will give you advice on selecting a perfect property because their experience while handling such matters is invaluable. A business address should be a place that is convenient and accessible to everybody. Internet facilities and Wi-Fi services offered in a commercial space can be used by you.
As a successful property investor, you will want to make a commercial property analysis of any real estate deal before you consider making a purchase. There are many factors which you should take into account while making your property analysis.
As a successful property investor, you will want to make a commercial property analysis of any real estate deal before you consider making the purchase. There are many factors which you should take into account while making your property analysis. Some of these factors which you should look at are: the location of the property, the price, taxes, local government and zoning laws, potential rental income, as well as the options you have for obtaining the property using an investment property mortgage loan.
Commercial property has many guidelines and regulations which must be followed. The last thing that you want to do is purchase investment commercial property, and then find out once you own it that you cannot lease it to the business you want, or that zoning permits you from using the property how you would like to. Whenever you are reviewing a commercial property analysis, it is vitally important to find out about the local governmental rules and regulations which will govern what you can and cannot do with the property in question. Look at what you had planned for the property and make sure everything is in agreement.
Taxes can be a big consideration when you are making a commercial property analysis. Some local areas offer tax incentives for commercial property owners and to certain businesses. If your property can meet the guidelines then you could possibly see a nice tax reduction. Also, if the area taxes commercial real estate at a high rate, you could be in for a real surprise if you did not consider taxes in your commercial property analysis.
Just as there can be tax incentives to buying commercial property in a particular area, the same can be said for financing options. Many commercial lenders have programs which fit a variety of different business and community needs. If your property qualifies you can see a nice reduction in your mortgage interest rate.
Another consideration is the rental rate of other commercial properties in the area. If many properties are sitting vacant that is a sign that you may have serious trouble renting to a business and keeping them for the long-term. This is important for your commercial investment analysis because the rent money is your income on the property.
In addition to all of the above considerations, the usual considerations still apply. You need to look at the location of the property and determine if it is in a good enough location for what it will ultimately be used for. What is the area around the property like? Will people likely come to the location if a business starts there? Who are the residents of the local area and will they benefit from your property’s use?
You will need to look at the land and buildings and determine how much work and cost is likely involved in bringing things up to code and working order. Look at the offering price and consider if it is reasonable or if it needs to be adjusted because of the things you have found while looking at the other factors for your commercial property analysis.
While performing a commercial property analysis you should take all of the above into consideration. You also might want to consider hitting the pavement and talking to people in the area of your potential property purchase. See what the people who already live and work in the area think about the property.
** About the author :
Get the best commercial property analysis tools with software from KISCL, http://www.kiscl.com/. Our software has all of the tools of seasoned real estate pros to help you navigate the commercial market. With our program you can analyze your property instantly and know the deal is right!
One question for everyone, what will you look while purchasing a commercial property? While most of you may have fair understanding if asked about residential property. To buy commercial property can be somewhat more daunting. Buyer if laborious spend much time in doing market research carefully and select appropriate property making them enjoy capital gains. Usually, there are two reasons of purchasing industrial property – as you need premises for starting a new business or expanding a new one or for investment purposes.
For business purpose
No matter which group of buyer you are but you will need to have property at right location having the potential to appreciate in values etc. For you are buying property for business purposes, the key consideration will be to suit the requirements and specific circumstances of your business. Which may be location, features, and size. Also, it should be close to the infrastructure, major suppliers, or customers. You also need to take into consideration the extra space to construct more rooms if your business is in expansion mode.
Those looking for buying property for investment purpose are likely to give more focus on the possible return to be earned on the property. Your consideration should include – the property being vacant or tenanted. If you want to rent it, then consider the stability of lease, how much you can rent for the property, chances of increasing rent rates etc. For the recommendation, you should purchase villas in Gurgaon for sale.
The city being proxy to national capital predicts opportunity for higher resale values in the coming of time. According to the news published on May 27, 2013, Haryana chief minister Bhupinder Singh Hooda has made a staggering 54,000 acres of land available for residential, commercial and industrial use. He also notified the successive master plan for Gurgaon in span of six years. If you invest in the city, it will bring you to have greater values in upcoming time.
Property for different business purposes-
Commercial Property in Shona Road of Gurgaon is perfect location for building multi-story towers. It is the industry hub location and will come to meet all your business demands. Many top business professionals are buying property here to build their own office.
A different category of business covering wide range of properties is Retail. For this purpose you may require major shopping centers through to strip shop. Commercial Property in Gurgaon suits best for this objective.
Your business category may also include warehouses, factories, depots, business parks etc. As for this requirement, the city of Gurgaon is right location to own property. Primary factor regarding Commercial Property in Shona Road is that privately owned infrastructure such as ports, waste, management facilities, and road infrastructure can come to your range. Be it near the NH8 also evaluates the demand of property here.
Of course, with the coming government project, buying property in Gurgaon for commercial or industrial purposes has become an area of great concern. There is boon in selling and purchasing property in the city.
Source of Article: http://goarticles.com/article/Gurgaon-Perfect-City-to-Buy-Residential-and-Commercial-Property/7786516/
Author Bio: This Article is written by Mr. Vipul he is dealing in Residential and Commercial Property in Shona Road, Gurgaon for a long time. He is sharing his great experience in apartments, villas and flats in Gurgaon which all are affordable. To know about upcoming projects visit at http://www.vipulgroup.in/Lavanya-Apartments-Gurgaon