Sunday, May 22, 2011

Adding Value To your Property: Increase The Value Of Your Property

If you are planning on selling your home, here are some ideas that you can implement that will increase the value of your property.
1. Quality plumbing significantly increases the value of a property. Replace or repair broken pipelines, blocked gutter lines, seepage and leaky faucets.
2. Make sure the electrical wiring in the house is in working order; have extra switches placed at convenient locations.
3. Driveways should be hassle-free; paved lawns, using terracotta tiles or natural stone, are long lasting and easy to maintain.
4. Practical home extensions that add space within the house are ad added advantage. Extend kitchens if possible to include a pantry, and if your bathrooms are small, extend them to provide larger shower areas.
5. Revamp the kitchens with quality fittings and fixtures including cabinets, floor tiles, granite counter tops, large sinks, and rust-proof taps etc.
6. Install grills outside the windows (if not already in place); this will make the property more secure.
7. Introduce eco-friendly elements such as heat insulated roof. Superimposing bricks on to the property's exterior will cool the house and eliminate the need to repaint. These will be good selling points as they help reduce the future owner's electricity bill.
8. If you have space at the back, construct a servant's quarter with a bathroom. This is something most people look for when buying a house. Just make sure you do not violate the area's bylaws.

Saturday, May 21, 2011

Rent A Summer Timeshare- And Save

Timeshare refers to the partial ownership of a property (usually a fully furnished summer home or resort conodominium) which allows each owner to use the property for a specified amount of time every year.
If you are not interested in actually buying a timeshare, you may want to consider renting one, as timeshare owners sometimes rent out their timeshare as an extra source of income.
Renting a timeshare property usually proves to be a cost effective alternative to staying at a hotel and can be an ideal option if you travel to the same destination every year.
There are several ways to rent a timeshare:
1. Fixed: You can use the property for the same amount of time, during the same dates, every year. (For example, the second week of June every year.)
2. Floating: You can use a property for the same amount of time during a specific season (For example, summer) on different dates every year. (For example, the first week of May in the first year, and the second week of June the following year.)
3. Rotating: You can use the property for the specified amount of time on an ongoing rotating basis every year. (For example, the first week of July in the first year, the second week of July in the following year, and so forth).
The following are approximate weekly rental rates for timeshare properties in some popular holiday destinations:
1. Malaysia (Kuala Lumpur/LangKawi):$50-600.
2. Sri Lanka (Colombo/Wadduwa): $450-750.
3. Singapore: $1,012-1,376.
4. Thailand (bangkok/Phuket): $75-400
5. turkey (Istanbul/Antalya): $1,250-1800.
6. UAE (Dubai): $1,295-1,750.
7. UK (London): $ 330-825.
The best way to rent a timeshare is by making an online booking or contacting a travel agent.

Monday, May 9, 2011

Pump Property: Choosing The Best Site For Your Fuel Pump

Given the constant rise in fuel prices, owing a petrol/CNG station is a lucrative venture. However, what is perhaps more significant in the context of real estate, is the fact that the value of commercial, and especially residential property, located within a 2 kilometer radius of a petrol/CNG station is 35% lower than properties located further away.
Possible safety hazards(such as fumes, toxicity, and fear of explosions) are the main reasons for this; other reasons include the constant vehicular traffic at petrol/CNG stations and the sequent noise, pollution and congestion.
There are a multitude of exhaustive rules and regulations that must be adhered to when constructing a petrol/CNG station, especially with regard to safety. These rules have been mandated by The Master Plan and Environment Control Department (MP & ECD), a government body that grants approvals and issues permits relating to the construction of petrol/CNG stations.
Once built, the MP & ECD conducts a thorough inspection before the petrol/CNG station can function.
Some of the MP & EC D's bylaws regarding construction include:
1. Plot sizes should be a minimum of 600 sq yd for a CNG station, 1000 sq yd for a petrol station and 1500 sq yd for a CNG/petrol station.
2.Petrol/CNG stations must have a 10-ft wide open space surrounding the structure on all four sides.
3. Petrol/CNG stations should be built adjacent to main roads and thoroughfares, with a service lane providing easy access.
4. There can only be one filing station in a one kilometer radius. The only exception to this rule is if a petrol/CNG station is located on the opposite side of a 100 ft wide double-carriage road that has a dividing media.
5. Adequate parking space should be allotted for supply tankers.
Constructing and setting up a petrol/CNG station can cost anywhere between 3.5 million and five million rupees. This price range does not include the cost of the plot.