What are the best types of housing in the Philippines, particularly in today’s moder and fast-paced lifestyles? According to many Filipinos and real estate experts, some of the most popular types of housing today are townhouses found in the city, apartment buildings, as well as condominiums.
Most of these types of housing are normally found in locations near or within business districts or commercial areas which gives the luxury to its residents to live near their workplaces as well as popular entertainment areas such as malls.
However, each of these types of housing are known for different advantages, and each are also known for their disadvantages. So what are the pros and the cons of living in these types of housing?
Since the new Turkish mortgage law passed on March 2007, the mortgage and real estate markets have continued their growing trends that are mainly driven by lower interest rates; however, this growth is probably just the tip of the iceberg.
The Turkish mortgage law that passed on March 2007 has two important properties that are expected to boom the mortgage and real estate markets in Turkey:
1) New mortgage products :
With the inclusion of the adjustable rate mortgage products, banks are able to transfer some of the economy related risks in their balance sheets to borrowers. In adjustable rate mortgage products, the interest rate is a sum of a fixed margin that is determined by the lender and a benchmark index that is set by Central Bank of Turkey. In May 2007, central bank decided that Consumer Price Index should be the benchmark index for the variable interest rate calculation. In summer of 2007, some banks started to offer various adjustable rate mortgages and these loans, as expected have lower APRs. However, as Central bank’s current records show there is almost no interest in these variable interest loans right now. This lack of interest is probably due to several factors such as: i) the lack of trust in Turkish economy and the fear of a substantial increase in the interest rates even though the economy has been performing fine in the last 5 years without any major crisis; ii) the recent mortgage crisis in the USA, and particularly, the rise in mortgage default rates in the USA and the fact that most of the increases in the defaults were in the sub prime market and adjustable rate mortgages; and, iii) the lack of understanding of the benefits and risks of these new products. We believe that these three reasons are temporary and in the near future, as people are educated about the risks and benefits of these new products and mortgage brokers fill the necessary knowledge gap, the interest in the products will increase.
Across the country big cities are sprouting up their own real estate investors association. Knoxville, Tennessee is no different. Entrepreneurs in East TN have several options for real estate investing education. They can get information from books on the subject, become an apprentice of a seasoned investor or study a course on the topic. The Knoxville Real Estate Investors Association (REIA) is the easiest place to start. It’s like the previous three (book reading, apprenticeship and a course study) ALL ROLLED INTO ONE PLACE. Members learn to use the power of leverage by concentrating their efforts on mentoring, networking and education.
At the Knoxville area REIA (Investors Club Meeting) members discuss topics such as foreclosures, REO’s (bank owned) properties, short sales, wholesale deals, flips, rehab and rentals. Members learn what they all mean and how to use them in their business.
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 blind man knows when the sun is shining, and even a casual observer can spot a poorly operated condominium association. A lax set of rules and regulations, perceptually poor upkeep, higher than usual percentage of rentals, restrictive pet policies, and an overall lack of cache all can negatively effect an association and may be harmful to the resale value of any given condominium within the association.
The status quo of any existing association can be difficult to overturn, but often is the first step necessary in the process of making-over a condo association. Often, new board members, rules and regulations, and budgets need to be reviewed and implemented. Money must be spent for capital improvements on an ongoing basis. Condominium buildings are like cars, fine clothes, and offspring- they all need constant upkeep for optimal performance It would be reasonable to assume that Mr.Condo Neglect has the direct phone number to Mr. Lower Resale Values- and probably has him on speed-dial.
In addition, a new outside management company can be a breath of fresh air for an existing condominium association. A new set of eyes on the management of expenses, reviewing the cost of various amenities, actively pursuing delinquent accounts, and getting new bids on big ticket items like the master insurance policy can help strengthen the effectiveness of many condo associations.