Due Diligence Checklist for Commercial Property for Sale

Before buying a piece of commercial property for sale, it is important to thoroughly investigate the premises for problems before finalizing the purchase. This type of inspection is known as due diligence and typically involves the use of an inspection checklist. Some of the most important factors to consider when purchasing commercial real estate include environmental safety hazards, the physical condition of the premises, location, code compliance, and title issues.

Environmental Safety Hazards

Order an environmental assessment of the commercial property you are interested in. The environmental assessment will provide details of the environmental condition around the premises and the history of the environmental factors, including the presence of hazardous materials such as lead paint, asbestos, and radon. In addition, hire a property inspection firm to check the premises for the presence of mold. The inspection should assess water and earth samples. If traces of lead or asbestos are found, hire a consultant to determine the cost and practicality of removing the hazardous materials. Consider the cost of repairing the real estate before deciding to close the sale.

Location

The environmental assessment should help you find out if parts of the real estate are located in a shoreline, wetland, fault line, flood zone, or a home for endangered species. Hire a consultant to help you determine water, oil, gas, mineral, and timber rights for the real estate. Find out if the commercial property for sale has any FAA building restrictions such as height restrictions or noise restrictions. In addition, find out if you will be required to obtain environmental operating permits for the building. As a buyer, consider obtaining copies of all existing permits and contact relevant agencies to determine if there are any past violations and issues to ensure you will not experience any problems transferring the permits in the future.

Physical Condition

Hire a licensed engineer or building inspector to check the interior and exterior structural integrity of the building. The inspector should also check if the building is handicap accessible and has proper drainage features. Obtain copies of all ongoing construction and design contracts to find out if building contractors received their full payments and if you will be required to obtain lien waivers.

Other important factors to research include available parking around the building, proximity to public transportation, and the amount of electricity received by the building. Find out if the building is accessible from public streets. If not, contact the relevant departments to find out if improvements to the access road can be made and how much they would cost.

Before closing on a commercial property for sale, find out if the building complies with relevant safety, building, and zoning codes by contacting appropriate regulatory organizations. Local building and planning departments should provide the information you need regarding building code compliance or violations. Because building codes change with time, find out if the property violates new codes and whether planned changes or improvements will violate codes.

Home Improvement Projects – Plan Ahead to Go Without a Hitch

Few people who have experienced a major home improvement project will state that the whole thing went as hoped for, or was completed on time and without difficulties. There are simply too many individuals mixed up in this kind of task, and so many different factors can go wrong. You will be able to steer clear of the majority of home improvement problems by getting ready beforehand, to help make certain work goes along as smoothly as possible.

To begin with, you should find one single person to oversee the entire task. A general contractor or builder is often the best person to put in charge, as they will know about all the steps that need to be performed to complete the project.

Developing a good budget can’t be stressed enough. Having a good spending plan will make your life much simpler. If you don’t work everything out beforehand, and establish a budget that you will not go above, you can easily start adding things that you have not set aside funds for. You may discover that you can’t afford the project after all, if you don’t restrict your spending. Before you engage a general contractor to work on your project, make sure that you discover one that agrees to a fixed price contract. That way you will know exactly what the construction will cost you, regardless of how long it takes them to completely finish your home improvement project.

This can keep you from getting a nasty surprise when you get the total bill, and will also help to motivate them to complete the work as quickly as practical. It may possibly take just a little time for you to find a builder who will consent to these terms, nevertheless they are out there. Just be positive that you are prepared to give a reasonable price for the completed. Be sure to call around and obtain several estimates before you sign any contract.

To refrain from having too many people working on the job at one time, keep from hiring too many specialists for each part of the project that needs to be taken care of. Have your general contractor to hire subcontractors for the specialized areas of the undertaking that need to be accomplished by a person qualified in that area. They will normally have subcontractors that they get to do this type of thing on a normal basis.

Your builder or general contractor will already be aware of who is certified, does the best job, and is least difficult to work with. Let your builder hire their favored specialty contractors, rather than becoming involved and undertaking it yourself. The people you retain may not be very good ones, and could take an extremely long time to complete the work.

The more you can refrain from having to be involved in the day to day progression of the building project, the less difficult it will be for you. Don’t get in the way, and allow your contractor to handle scheduling, and the completion of the different areas of the job as they need to be done.

They will have done this sort of thing many times before, and will recognize exactly what needs done and the best time to get it done. They can make certain that the home improvement project advances as well as possible.

By adhering to your budget, and not attempting to add all kinds of extras to your home improvement project, and by letting your general contractor or builder handle all the scheduling details, you are not likely to think back on your home improvement project with an unfavorable taste in your mouth.

Strategies for Your Home Improvement Project

A few simple and basic strategies can help you complete your home improvement project on time and on budget. By adhering to a strategy and approaching your home improvement endeavor the same way a professional project manager might manage a major project, you’ll be setting yourself up for do-it-yourself (DIY) success.

First, what are the objectives of your home improvement project? Do they include making money, or rather improving your living environment for your family or both? By having clarity why you’re taking on this renovation, you’ll be less likely to go off course and find yourself building a new back deck when all you really wanted was to add a patio door and bring some extra light into the living room. So, your first strategy is to know your objective and remain focused.

If your overall goal is increasing the home value, focus on that. If it is to have an updated design or foundational structures and wiring, focus on those. By keeping your attention rivoted on your core renovation purpose, you significantly increase your likelihood of staying on track, on budget, and on time.

The next strategy includes research and planning. The more planning you do, the better prepared you’ll be to tackle your project. Remember the old carpenter’s adage that you should “measure twice and cut once.” This age-old advice will save you both time and money.

By planning out the phases and details your project, you’re less likely to overspend on unnecessary materials or find that you need to backtrack over already-completed work. Planning prevents mishaps such as needing to stop work and call a plumber because you forgot to verify whether there were pipes running where you wanted to put in that door. Planning also decreases overspending, such as buying three cans of paint when you only needed two.

Meanwhile, researching your project will help to avert the more costly mistakes. By reading books, watching relevant DVD’s or researching online information about the project you want to tackle, you’re less likely to botch a job and more likely to complete it with a professional finish.

Finally, the last strategy is to stay on target. Set a realistic timeline for yourself and push yourself to meet that deadline every day. Even if you can’t do everything on your list for a particular day, always try to do as much as possible. If you’re waylaid by a tardy electrician, for example, get started painting the next room while you wait. By tackling your DIY home improvement project the way you’d tackle any big project at work, you’ll see results fast.

Key Factors For Evaluating Commercial Property For Sale

The secret of evaluating commercial property lies within a model where one property can independently be evaluated against another property.

The basis of any model is to ensure that proper calculations are made with regards to the sustainability of any property for sale in the market. This entails doing the calculations. If the calculations do not work then you should not make the investment.

Our model has the following attributes:

A Summary

The summary makes provision for the size of the property to be purchased expressed in gross lettable area (GLA). It also makes provision for the rent that can be obtained for the commercial property to rent. This is crucial since this will provide an indication whether you can compete with other similar properties in the same area. It makes provision for the nett rental income that is obtained from the property since this determines the value of the property.

Variables

The variables include the average interest rate over the past 20 years. It should also include the average inflation rate over the past 10 years which should be factored into the calculations. Annual rental increases should be factored in which will result in the yield to be obtained over into the future for at least a 10 year period. Provision for a vacancy rate is crucial when compiling your model. All expenses are captured in this section,

The Assessment

The assessment is the culmination of all the previous part into one view of the model. This will include the NAV (Nett Asset Value) determined on an annual basis. This will also include the gross rental income associated with the property with all escalations included. All expenses are reflected here inclusive of the monthly loan payments based on the average interest rate over the past 20 years. Calculating the gross rental income less all relevant expenses will result in the pre-tax cash flow on a monthly basis. From here all tax obligations can be calculated resulting in an after tax cash flow calculation. Determining your ROI (Return on Investment) is a direct result of these calculations. The IRR (Internal Rate of Return) is derived from these calculations making it a crucial tool to compare different properties.

Combining all the attributes of a model dedicated to evaluate commercial property for sale will ensure that you make the correct decision time and again. Most commercial property for sale are offered as commercial property to rent. It is therefore crucial to ensure that the correct investment decision is made based on pure calculations.

Build a Better Home Business by Blogging

These days every penny you spend needs to bring a return on your investment. Well, there’s good news. It costs very little, if anything, to boost your website traffic by adding a blog. A blog will bring you more and better targeted website traffic than spending the big bucks on advertising, building you a better home business through your blogging.

When you regularly publish blogposts to a properly configured blog on your website, every time you post it creates backlinks into your website. Backlinks are the gold standard of the web. The more backlinks you have into your website, the closer to the top you will show on the Search Engine Return Pages for keyphrases which will get you the traffic that will buy your product. So the more regularly you blog, the better your site will do in the search engines, and the better your site’s visitors will convert into buyers!

How does this work? When you add a blog to your site, using a popular tool like WordPress, you can configure your blog, through the administration area, to notify the Update Services every time you post, so the more often you post about things pertaining to your area of expertise or product, the more one way inbound links into your site you create. Adding backlinks sets off a flurry of search engine spider activity, since the spiders follow the backlinks to your blog post. This gets your post indexed quickly for those important niche key phrases.

Another tool that most blog software, including WordPress, uses to make your keyphrases stronger is tagging. When you add an article, you have the option to add “tags”. Tags allow you to stress what you feel are the most important subjects a blog article is about in such a way that it emphasizes those tags to the search engine spiders. Do this for keyphrases of secondary importance to the chosen keyphrase. You can make these tags even stronger by turning those tags into Technorati Tags, which can be done in wordpress using a plugin, and which then creates more backlinks into your blog from the Technorati website once you’ve signed up for Technorati and claimed your blog.

There’s another way to create backlinks in programs like WordPress, and that’s by making it easy for folks who visit to add your blogpost to digg or the social bookmarking sites. Using a service like AddThis works well, and wordpress has a plugin that automatically adds AddThis to every one of your blogposts. Every time someone creates a social bookmark to one of your blog posts, it’s a backlink for you.

The key to making a blog work effectively for your business or organization is to blog regularly. Once a month is okay, once a week is great, a few times a week is stellar. If you’re one of the rare people who can blog daily, you can generate huge amounts of traffic. It’s amazing how this works. If you watch your website statistics using a program such as Google Analytics or awstats, you can correlate spikes up in traffic to your blogposts. It has happened on every website I’ve tracked. And the more pages and posts you add, the more your traffic will steadily increase month by month. Each blog post becomes a back door into your site, bringing you highly targeted traffic.

The right web traffic means more money in your bank account. Do you want a better home business? Add a blog.

Some Of The Better Home Remedies For Glowing Skin

Your skin comes under attack on a daily basis from many different directions. We know that overexposure to UV rays can be potentially damaging and we know that there are many harmful toxins floating around in the air. However, your skin also comes under attack from within. If you simply do not eat the right foods and ingest the correct quantity and value of vitamins, minerals and nutrients your body does not have the right ammunition to help safeguard your skin.

In fact, many experts reckon that dietary intake and your hydration – or lack of – can be significant factors in caring for your skin and ultimately, how you look. If eating the right food is so important, maybe it shouldn’t come as such a surprise that we can also use some of those same foods to apply to our skin on the outside. We can find plenty of home remedies for glowing skin which focus on using certain foods. If science tells us that the nutritional value of particular foods can help us with our “internal” health, then it’s perfectly feasible to expect some external results as well:

1. Often, we find that we have enlarged pores as a result of poor “housekeeping.” Sometimes too much oil is generated. We’re not very good at cleaning away the dirt and debris that accumulates on the skin. It’s not surprising that imperfections, blackheads, pimples and other issues appear. If you want to reduce the size of your pores, try getting some almonds from the store. Crush the almonds and mix with water and then apply to your face and leave in position for half an hour. Alternatively, you could try to mix buttermilk with a little regular salt, working it into a paste before applying to those enlarged pores as well. In either case, rinse off with warm water after 30 min.

2. We have seen many pictures in magazines of people wearing a slice of cucumber over their eyes and there is a lot of method in their supposed madness. Cucumber is, indeed, a great food to eat or to use externally.

3. Many civilizations have discovered the healing properties of herbs and certain flowers, once again both for internal medicine as well as for external skin maintenance. It’s fun to investigate and discover many of these herbal solutions and use them in concert with some of the best recommended skincare products of today to achieve the best of both worlds.

4. Regular, daily exercise should be combined with a healthy diet and at least eight, 8 ounce glasses of water every single day. Your body is mostly composed of water and your skin will be one of the first places to tell you if you’re not getting enough of it. Few of us do, even though we might not feel “thirsty” as such.

There is no need to settle for premature aging and we don’t need to simply accept the way that we look. We can start by being honest with ourselves, to vow to make a difference and then make sure that whatever solutions we find for skincare and better home remedies for glowing skin, we stick with the regimen.

Top Home Products That Homeowners Prefer for Better Living

There is no limit to the home improvement products that can add convenience to the lifestyles of homeowners. From a sofa set and a coffee table in the living room to the kitchen and bathroom appliances, there is no dearth of choices available. Investment in these products is usually need-based, while the desire to lead a luxurious life can’t be ignored.

Different homeowners have different tastes and preferences. Some of them may prefer steel sofa set over leather couches. They may choose a wrought iron wardrobe over a wooden design. You can expect more number of visitors to your home product store, if you offer the most important products and in huge varieties. Here are the top home products that should find space in your store.

Induction Cook-tops

Induction cooking is a highly preferred choice over tradition cooking methods these days. Induction cookers and cook tops have gained popularity for offering numerous benefits like better heat efficiency and clean cooking. These products cook the food faster and in much safer way. Most importantly, induction cooking is quite cheaper as compared to traditional cooking practices. Homeowners are fast getting attracted towards a variety of designs these products are available in.

Modern Sofa Sets

A sofa set is the heart of a living room. Their availability in a large number of designs, shapes, sizes and colors entertain the diverse expectations of the buyers. As far as the basic frame of these products is concerned, wood remains the most preferred choice. However, steel sofa set is another choice that is fast catching up with the homeowners. A number of additional features like armrests, backrests and upholstery fabrics are considered by the buyers while purchasing these furniture items.

Designer Wardrobes

With designer sofa set and luxury furniture in living room, the homeowners leave no stone unturned to make their bedroom products equally lavish. An important piece of furniture is the bedroom wardrobe that helps in storing and organizing clothes and footwear. Designer wardrobes with excellent finish and attractive patterns attract the buyers. Homeowners usually consider factors like durability, storage space and overall appeal of these products. Wood continues to be the top material choice for wardrobes.

Garden Coffee Table

The trend of spending relaxing evenings in the home gardens or backyards will never go extinct. This is the reason that coffee tables for outdoor areas are among the top purchased products. While factors like size, shape and available space matters, the most important consideration is the weather-resisting design of these products. Low maintenance cost is another factor that will help you attract more number of garden furniture buyers.

Shower Filters

Chlorine and other chemicals can be absorbed by the skin while taking shower. The homeowners pay special attention on buying shower filters. These products filter out the harmful chemicals from the water and make it clean for healthy bath.

The products described above should help you have an idea about what your customers might expect from you. Look for quality home products in different categories with top manufacturers and suppliers from around the world.

Real Estate Agents – Good Reasons Not to Put a Price on a Commercial Property for Sale

When it comes to selling a commercial property, it is not always the best strategy to put a price on the property and advertise it as such. Advertising a property at a price is a strategy that should be regarded as a last resort.

If the property has exhausted all other methods of sale then the pricing process may be acceptable. Up until then, there are some other very good methods of sale that can be explored subject to the conditions of the market and the type of property to be taken to sale.

Here are some very clear reasons why you should not put a price on a property:

  1. It shows the local market the ultimate price that the property owner requires. Regrettably many property owners stack up the price so they can negotiate downwards. This stifles the enquiry from genuine purchasers. The process can also kill the listing marketing campaign.
  2. Pricing a property and advertising that way is a process of hoping and waiting for the right purchaser to come along. Selling a property at a price is usually a long and drawn out process.
  3. In some respects, a property that is promoted a price is regarded by purchasers as generic and nothing particularly special. The property ranks amongst other ordinary properties in the local area. There is no urgency to the sale process.
  4. The property market is changing so fast that price determination is quite difficult for some properties and locations. The price can in many situations be a calculated guess.

When a property comes on the market for sale, it is the period of the first 4 to 6 weeks which are most important. During that time enquiry will be generated and inspections will occur providing the property is correctly promoted.

The qualified buyers that inspect the property will put their own price on the property based on local market intelligence. These buyers know what prices are doing and are usually far more realistic than the sellers of the property.

The critical issue in selling commercial real estate is to get fair and reasonable offers from the inspecting qualified buyers. If the method of sale you choose is supported by time factors and closing dates, it is quite likely that you’ll get offers that you can seriously consider.

The best time based methods of sale to use with commercial investment property are auction, tender, and expressions of interest. They all suit the marketing of commercial, industrial, and retail property. A local real estate agent will understand the best methods of sale to use given the prevailing property market conditions.

Even in today’s property market with its economic challenges and difficulties, the best initial methods of sale for commercial real estate still remain as auction, tender, and expressions of interest. If the property still is unsold after one of these methods has been correctly used, then the owner can resort to the standard price and hope approach.

The sale of a commercial or retail property is a complex process requiring knowledge and strategy. This is where the real estate agent that understands the local market can add significant momentum and focus to the sale process.

Market Trends Of Single Family Home Production Boost Up In 2015

When a man cracks some career success and works to pull off the plans to achieve more, he wants a safe and sound life for himself and his family.

Single home production is a pattern of home designing and development which is constructed for a single families. The purpose of this post is to analyze the demand and its implications for the economic pressure and supply chain.

Economists and Realtors believe that the United States is on a verge of seeing a lot of changes during 2015-16. Low mortgage rates and a stable economy are best for the people that are likely to accept single-family homes. Such things are considered Social and Economic signals that predict the overall performance in terms of incline or decline for any economy.

David Crowe of The National Association of Home Builders believes that 2014 has been quite good for Realtors and Construction businesses.

Factors of Increase in the demand for Single Family Home Production

There are certainly some factors that make the reasons to build up the environment for single housing. Take a look at the factors that increase the demand for such homes:

Increase in Employment Opportunities

One of the key reasons for the rise in demand for single-family homes is considerably the rise in jobs and wages. According to the Bureau of Labor Statistics, the unemployment rate in the United States is down to 5.5 percent, and it is still decreasing. The figure of 5.5 unemployment rate of March 2015 is far better than March 2014 rate that was 6.6.

Low Mortgage Rate

Another important reason for the boost in such home’s demand is the low mortgage rate. It brings convenience to an average house owner who apparently looks concerned with the family’s overall standard of life. Low Mortgage rate helps ordinary families grow lavishly.

Economic Growth

Economic growth is one of the essential elements of the increase in the decision making towards single production and buying. Single family home’s demand is directly proportionate to the economic growth. As the United States has been moving towards economic stability, the chances to get off the track in terms of financial position are likely decreasing.

Annual demand

According to the NAHB data, the request for Single family homes is continuously increasing. Single-family house production rose 2.5% in 2014 and reached 637,000 units, whereas it is expected to rise by 26% in the year 2015, and the figure may reach 802,000 units. If growth remains the same in this industry, it is anticipated that it would reach 1.1 million in 2016.

Green Products for the Home – Top 10 Must Buy Green Home Products

Green home products are getting more popular today. You can easily find them from websites and shops with so many choices. But HOW are you going to decide which product is worth to buy? Here is the top 10 list of the best green products for the home:

1. Composting Toilet/Dual Flush Toilet

– Composting toilet treats excreta via aerobic decomposition. It is completely odorless and waterless. Furthermore, it produces nutrient rich fertilizing soil.

– Dual flush toilet uses less water than a traditional toilet. There are two buttons to operate the flush; one gives a short flush whereas the other gives a long flush.

2. Recycled Paper

– It’s a MUST to reduce energy waste, water pollution and air pollution during production of virgin paper.

3. Green Cleaning Kits

– Enzymes cleaning kit, non-toxic cleaning kit and microfiber clothes are eco-friendly products. HIGHLY recommended!

4. Recycled Paint

– Has low VOCs (Volatile Organic Compounds) that minimizes exposure to toxic gases. Indoor paint normally has high degree of VOC which can affect the environment and human health.

5. Compost Bins

– Convert wastage into an effective fertilizer.

6. Green Bedroom

– Organic blankets, pillows and mattress are non-toxic. Organic cotton also dissipates body heat better.

7. Pest Control

– Biodegradable plant wash and non-toxic pest control sprays can effectively protect your garden without polluting the environment.

8. Biodegradable trash/plastic bags

– Traditional trash/plastic bags take forever to decompose. Try not to buy or use traditional trash/plastic bags whenever you can.

9. Green furniture

– Sustainable furniture such as table and chairs are durable and stylish. Most of them are made of bamboo or recycled materials.

10. Solar Powered Products

– There are so many solar-powered fans, lights and electronics selling outside. They are extremely useful and require no or partial electric supply. You only have to spend once on buying and wait for the sunshine!

These products are recommended for everyone who wants to reduce your carbon footprint. Besides, you can try to make your own green home products. Homemade solar panels are one of the best options to develop alternative energy. Take action and start go green today!