Real Estate

Tuesday, January 22, 2013

How to Make a Dream House With Your Own Master Plan

Envisioning a Dream House
People have desires and aspirations for all areas of their life, whether material or not. Some of our biggest aspirations are to live in the house of our dreams, and further to be able to create that American dream house that some of us can easily envision in our minds.      
People work diligently for a greater part of their lives in order to maintain a bank account, purchase property, buy securities and bonds and many of them have a sole purpose of collecting sufficient funds to fulfill the wish of building their dream house. As a result, the wish becomes a reality for those who are committed and strive hard to achieve their goal that at the start of their careers may have seemed far-fetched.
The Challenge Ahead!
However, the path towards the goal is not easy and one needs to go through many twists and turns. Quite obviously, there are several important aspects that need to be taken into account when choosing to build your dream house
    1. Come up with suitable and practical house plans
    2. In order to ensure effective execution of your master house plans, people aiming to create a dream house should divide their master house plan into small plans.
The first milestone astute people achieve is that they make a correct and realistic master plan in their minds before bringing it on the ground. An extremely fun and exciting way to do this is to attempt to design your dream house online

Here is a simple, yet motivating video to enhance some ideas and give some confidence to build your dream house:

   https://www.youtube.com/watch?v=FILWEuAtLIw

Where Do We Lag Behind
Those that may lack profound thinking and are short of disparate ideas prefer going to architects and often end up wasting their precious money and jeopardizing their plans.
The secret rule of building a dream house is not to mingle one's imaginations with that of others. In fact, we should brainstorm, put some stress on our minds, ask around, look for matchless ideas and collect each and every useful piece of information that could contribute towards achieving our goal.
People often ponder over the issue that they are not construction experts and do not have the experience and skills to produce something out of the box. They fail to identify that the dream house is going to be their creation and without their involvement, even the most expert architect may come up with something they were in fact not looking for and is totally opposite of what they had in their mind.
It does not matter if we live in a small and congested house; we can still envisage something big, something we have always craved for in our special dwelling place. But when we contemplate on building a house, we often get stuck in trivial issues such as making a construction plan, arranging for planning fee, getting access to construction companies and requesting for quotations; we remain oblivious of the fact that we and only we can do everything creatively on our own if we are proactive and have the will and ability to turn the tables.
Guidelines to Help you Build your Dream House in a Perfect way!
Once the plan has been formulated and we are absolutely sure of what we are looking for, then the time comes to get in touch with some experts in the market and get useful information in order to further refine our picture of a dream house. A blend of our ideas and opinions of experts is going to be something priceless and we would be on our way towards building something that would be really close to our idea of perfection!
I have seen many people in their lives reaching culmination of success and then building the house of their dream. They only achieve that because they have a clear plan in their minds and execute it magnificently. They prove everything wrong and make the experts in the construction industry look useless and the unique house building ideas obsolete only because they apply their mind and make and execute their own plan effectively.
9 Important Steps to be Followed
So here are the steps to be followed if you believe in yourself and harbour the view that you despite of not having any prior experience can still build your own house:

1.               1.    Earn and save money wisely and invest in areas that involve less risk and great                 return.
  1. Apply your mind and come up with a master plan without consulting the experts in the market.
  2. Gather disparate ideas, discuss with random people, read success stories and keep away from dogmas for a while in order to think of something out of the box.
  3. When the master plan is clear in your mind, go to the experts and ask for their opinion. After extracting essential information start doing some field work.
  4. Hire labor and a few experts in the construction industry and supervise every step they take while building your dream house.
  5. Set directions for them instead of letting them direct you because whatever is being constructed in front of you is in fact a translation of your dream and it needs to be exactly what you are looking for.
  6. After building the basic structure, apply your mind while designing the interior and exterior of your house and make sure that you do not follow the existing trends and patterns, introduce some change that should be catchy and something many people have not seen before.
  7. Concentrate towards including some intangible values in your house structure. Now the idea apparently looks lame, but what do we mean when we think of including intangible values here? They include designing the house in a way that gives you inner peace and satisfaction. When you spend the whole day at your workplace taking calls, dealing with agitated customers and following the orders of demanding and arrogant boss, you will want to retire at a place that keeps you away from the norms of your life and offer you something that your mundane routine does not.
  8. The house you construct is to be for all the seasons and should not require major changes when weather becomes hot or cold. It should adjust itself naturally and the golden rule to achieving that is to make it look as natural as it can be.
To conclude, the secret that a few know is to believe in ourselves when we build our dream house. We should keep our focus and work diligently to collect essential information to first make an immaculate master plan and let everything follow after that.
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Friday, September 03, 2004

Why Real Estate? Science of Imperfections.

If you are wondering about investing in real estate, becoming a real estate agent or just plan on taking some time to study what all the hooplah is about real estate then this should really put things into perspective. For instance I did not know that real estate is the largest asset class in the world. And I also did not know that—the value of housing in the United States alone is $16 trillion. And real estate is the greatest source of wealth for most families. If these two factors alone don't answer the "WHY'S" then nothing will. I would also like to say it shocked me to learn that HARVARD BUSINESS SCHOOL offers such intense classes solely on the ins and outs of the real estate market. Not just the local real estate market but the global market as well. Perhaps the most noticable thing is about real estate is its level of imperfections. As any successful real estate investor knows and maybe not so successful real estate investor knows, the amount of headaches, fluctuations and constant regulations that is the real estate game may at times make you want to fly off the handle, but the risk reward(profits) that most times seems to follow is well worth the fist pounding.


BYE BYE conventional wisdom.

It seems like even in Africa current real estate trends calls for investors to be creative when it comes to financing property and distributing loans. According to this article financing real estate investment has in recent times become more problematic as a result of the complex interaction of several factors. Not least among these are excessively high interest rates charged on loans, stringent repayment requirements and almost impossible pre-qualification conditions imposed by lenders. The primary region mentioned was Nigeria. It seems to me with the bleak job market and the rigidness that is created in the nationwide sellers market, creative real estate and an outstanding marketing strategy is the only way to profit in the global real estate economy.

World wide real estate boom

It seems like inflated real estate prices is a global thing. In Sydney the boom seems to be cooling down. Stay tuned this may be one of the first signs of the upcoming real estate crash. And the crash may not just be restricted to the U.S.

Sunday, August 01, 2004

Northeast Real Estate

If you are planning on investing in the northeast part of the united states then you better be prepared to have numerous investment strategies. This part of the country is amongst the most expensive real estate in the country. Things are not just over priced in the upscale neighborhoods but ironically also in the lower income neighborhoods. As a potential real estate investor one of the main things you always have to keep in mind is that anyone at any time may believe that they can get rich and prosper in real estate simply because they own a house. They will also make plenty of attempts to sell their properties at a price that is so high that you will pass out. This is a headache. Real estate may be one of the few professions that consantly fosters denial upon its participants. This denial will provide great obstacles if you are attempting to do foreclosed or bankruptcies. This environment is called a sellers market. In this type of atmosphere you should increase your patience and keep an eye out for properties that no one else is checking for. If you have any access to loans, investors or sums of cash this is the best time to scoop up as many properties as you can. The lower income properties or vacant properties will increasingly become your best friend. You will have little competition and you won't have to worry about home owners selling their homes because "word of mouth" tells them that they can charge anything they want.

Also, in the northeast you should definitely attempt to move into larger properties such as apartment buildings. These types of properties are plentiful in the northeast and you never know which property owner may be willing to sell their building because they are tired of renting and tired of the real estate business. For examples of potential investments in the northeast region such as New York or New Jersey check here. In a sellers market it is very important to keep your cool and don't get anxious because the deals here are moving slowly. Straighten up your marketing and advertising. Visit your local court houses regularly to grab the most current bankruptcies available. Also grab a list of the most recent probate cases while you are there. Although dealing with the deceased is a tragic thing to deal with, there are tons of opportunities lying around in probate courts that can yield you tons of properties if you are diligent. Following these few simple ideas will put you in a secure position in the northeast region and will allow you to profit regularly even though it is a sellers market and things may seem slow.

Washington D.C. Real Estate

The nations capital. Who would ever think that the nations capital is also the capital where most of its vacant and abandoned properties are flooding with unpaid back taxes? Well welcome to a real estate investors best and worst nightmare. Practicing real estate in the District you will definitely have to learn sophistication. Not sophistication in the sense of getting dressed up and brusing up on your table manners. The type of sophistication needed in this region deals more so with technique as opposed to ettiquette. More so then any other location in the United States, D.C. makes it extremely easy to get familiar with the property you are attempting to get a hold of or invest in. Step one is to get acquainted with the recorder of deeds of office. In this office you will find the deeds and ownership information to virtually any and every property in the District. While you can do this any where in basically any county, there may not be any place like this one that makes it so easy to look up a property without having to wait on service, shift through endless computers and shuffle from various buildings like you would have to in New York. In this office you can research properties and check out the latest foreclosure list all in one building.

To really get a leg up and become successful in the d.c. real estate market you will have to be very dilligent in your letter campaigns and your foot and grind work. It is in this authors opinion that the best way to become consistent with your cashflow and property availability is to focus heavily on BANKRUPTCIES AND VACANCIES. These two areas of real estate are strong and highly recommended because you not only have d.c. to deal with but you also have the neighboring states of MARYLAND AND VIRGINIA. The amount of people filing bankruptcies or just flat out neglecting a property because of taxes or relocation increase just because of proximity to completely different yet close geographics. You can reach your potential house sellers by embarking on a very rigorous letter writing campaign expressing that you would like to buy their properties. You can learn more and gain lots of knowledge to assist you in this campaign here. Due to the fact that D.C. has a very mathmatical and organize design makes it easy to find properties that have been left by thier owners. If you choose to use FORECLOSURES to gain wealth and success in the real estate business, then you may find yourselves in heavy competetion here. Foreclosures are the lure for every would be newbie investor that has the desire to increase his bank account. In this city letters and good old fashioned knocking on doors would put you ahead of most people practicing real estate.

One of your biggest obstacles in the capital may be the ever changing laws and the rise of banks severing their dependencies of real estate agents and the huge liabilities that acrues when a bank or mortgage company reclaims the property and the property sits and collects dust while not collecting any money.

Friday, July 23, 2004

New York Real Estate

Breaking into the real estate market in this city will take extreme due dilligence and patience.  Known as the real estate capital of the world, New York City can be overwhelming and sometimes downright intimidating.  If you really want to get your feet wet in New York real estate I suggest you first set aside time and decide on which area you would like to deal with. 
Comprising of five boroughs, each borough is really a world until itself.  After deciding which borough to conquer the next step is to focus on that borough very thoroughly.  In this city analyzing investments and locations will save you time and countless migraines.  The complexity of New York makes the city the most vulnerable to zoning laws.  Understanding how zoning works in the location for which you want to settle down in will put you above  any competitors and real estate investors that you may be in competition with.  What can also be very frustrating in the big city of dreams is not knowing what kind of real estate you want to specialize in.  Foreclosures, vacancies, REO's, bankruptcies, probate etc are some of the main venues that a potential real estate investor can utilize to maximize his profit availability.  I cannot stress how important it is to pick one of these key areas and choosing to master one and  ONLY one.  Diversification may leave you more confused and disillusioned as you will continually encounter different types of investors for each area and bringing a potential buyer a potential deal may not work if you have not assessed what type of buyer you are dealing with.  If you frequently hear a lot of rejections for the types of deals that you may feel are excellent, talking to the wrong buy in the inappropriate faction of real estate will most definitely prove fatal to your self esteem.  If you insist on diversifying in New York City then the key is to first ALWAYS have buyers lined up.  Once you have these buyers lined up make sure you have a profound understanding of what types of properties your new list of buyers are looking for.  You will constantly run into a brick wall if you bring your buyers properties that are too small, too expensive or may not look profitable simply due to the numbers.                                                                                                                                                                                                                                                                                                                                                                                        The key people that can help you move up in the world in new york city are real estate agents.  New Yorkers for some strange reason are really caught up in who you know.  Here titles and positions seem to carry a lot of clout in the city.  To circumvent the red tape and drone like behavior of some real estate types in New York, it is best to find yourself a decent real estate agent very quickly.  Now as a creative real estate investor you don't have to actually obtain a real estate license, however getting familiar with one can definitely bridge the gap of information that seems to overwhelm any investor looking to make waves in the real estate capital.  Agents know all the specifics that you will need to maintain a continous flow of moving and shaking that must take place to be successful.  They have access to databases, circles of investors and know particulars about location that will take you weeks and maybe even months to get familiar with.