Additional Features You Can Expect From Short Stay Apartments

People always look for a convenient option when they like to take certain services or products. Even if for living somewhere for a shorter period they do not want to let the opportunities go. Therefore, the concept of serviced apartments emerges; and it becomes very much popular these days. People often love to compare this…

People always look for a convenient option when they like to take certain services or products. Even if for living somewhere for a shorter period they do not want to let the opportunities go. Therefore, the concept of serviced apartments emerges; and it becomes very much popular these days. People often love to compare this kind of living space with the traditional hotels. But after reading this article you would be able to decide the best alternative for you. Firstly, you need to look at those factors that you will get in a traditional hotel.

What to look for in serviced apartments?

Traditional hotels have certain drawbacks; and people prefer staying in short stay apartments to avert all those drawbacks. Most of the hotels can not offer you larger space, better comfort zone, better security and many more. That's why several providers have come up offering a better alternative to these hotels. Needless to say, this kind of living space can offer something extra than that of a traditional hotels. Check out the advantages below

· Home Cooked Food: This is one of the most impressing reasons why people love this kind of apartments. Here you would get e separate kitchen where you can cook your food as per your will. You do not have to rely on some unhealthy processed food anymore. You no longer miss your home-made food even when you are out of station.

· Entertainment & Communication: Moreover, you would get a computer here with active internet connectivity. Complete your assignment or relax by listening to some melodious songs. And in terms of communication, it is just unmatched. You can find these apartments in main towns or urban areas so, no issue with communication. Beside, there will be a complete arrangement of large screen LCD / Plasma TV together with home theater system and Cable TV. So, you can get many opportunities to get entertained.

· Luxury Amenities: Accommodation rental providers offer all kinds of luxury amenities here since they want to offer you something more than a traditional hotel. You can spend time with absolute peace and tranquility.

Other than these advantages, most of the people are on the view that choosing this kind of living space over traditional hotels is actually cost-effective. Yes, that's true of course, since you can enjoy all sorts of added benefits in a single package . Besides, better security arrangement is another sort of facility of this kind of apartment.

The Line Sukhumvit 101 Is an Ideal Property Investment Destination in Central Bangkok

There is good news for the people looking for a residential property investment in Central Bangkok. Although central Bangkok does not offer adequate space for a residential property investment at the city center, one can now choose a condo in close proximity to it (city center). The Line Sukhumvit 101, a condominium project, is a…

There is good news for the people looking for a residential property investment in Central Bangkok. Although central Bangkok does not offer adequate space for a residential property investment at the city center, one can now choose a condo in close proximity to it (city center).

The Line Sukhumvit 101, a condominium project, is a very good option for the foreign property investors in Bangkok. Developed by Ananda Development, the Line Sukhumvit 101 offers 37 floors and 778 units for a peaceful living. As the building is under construction, a residential property investor can buy a condo easily or customize it according to his or her choice. Located at 3007/3 Sukhumvit Rd, Khwaeng Bang Chak, Khet Phra Khanong, Krung Thep Maha Nakhon 10260, this huge condominium is supposed to be completed in the year 2021. Only three units in this condominium are ready for sale.

The value-added benefit of this location is the abundance of the Punnawithi BTS train. The station is only 250 meters away from the condominium.

Facilities

This ultra-modern condominium includes almost all modern amenities like:

• Parking zone
• Swimming pool
• 24-hours security
• CCTV surveillance 24×7
• Playground
• Shop on promise
• Greenland
• Kid's area
• Swimming pool
• Gym center
• Garden area
• Restaurant on promise
• Wi-Fi internet connection at lower piece

Beside, the location of this modern building is well-connected with the various important parts of the city.

Location

Location is superb. It is only 340 meters away from the Punna Withi. It does not take more than 4 minutes (on foot) to cover the distance between the building and Punna Withi. The nearest tollway entrance is only 1.5 km from it.

Numerous shops are only a stone's throw away from the building.

Have a look at these

• Piyarom Place is only 930 meters away. It takes nearly 2 minutes by car.
• The distance of Piyarom (Tops Market) is only 930 meters. By car, it takes only 2 minutes.
• Siam Paradise Night Bazaar from it is only 960 meters away.
• Diwaveri is only 1.1 km or 3 minutes away (by car)
• To reach Akanat Plaza by car, you need maximum 6 minutes. The distance is only 1.7 km (by car).
Beside, many reputable schools are easily accessible from here.

These schools are as follows:

• Pipattana School is within 710 meters. It's a nine-minute walk from the condo.
• Samahan Sueksa School is not more than 850 meters. It takes only 5 minutes by car.
• Wells International School Onnut Branch is only 1.2 km away from it
• The distance of Somthawin School is 1.3 km
• Wat Thamma Mongkhon School is only 5 minutes away (by car)

The prosperity of the reputable schools has made it a preferred choice for the foreign teachers.

About the Design, Construction, and Renovation of Healthcare Facilities

General services overview There are various challenges directly associated with healthcare construction and renovation services, with not one new related project that could be referred to as being “easy.” When it involves renewating existing and functioning facilities, the tension is to be prepared for a variety of side issues that can seriously influence the actual…

General services overview

There are various challenges directly associated with healthcare construction and renovation services, with not one new related project that could be referred to as being “easy.” When it involves renewating existing and functioning facilities, the tension is to be prepared for a variety of side issues that can seriously influence the actual project. They can, for instance, arise from circumstances associated with the safety of patients; or effective controls against infection and control to maintaining determined statistics.

A comprehensively designed concept is therefore required in respect of all aspects relating to the management of a facility renewal, regardless of it involving a section or complete existing building, or the interior of a tenanted space. A healthcare construction and renovation services project management team are actively involved in ensuring complete success in meeting client's demands. It involves a hands-on approach from the concept stage, with preparation that includes a design team of engineers, architects, and other necessary consultants.

Various research has been conducted regarding health facility renovations, with a direct focus on the patient and the fact that any facility under construction would be used by patients. This, in turn, establishes a criterion regarding patient satisfaction. It is a factor directly associated with reimbursements, and emphasizes the need for maintaining a happy patient population that is highly valued by the owners of a facility!

Dental facility renovations

Understanding the needs of clients and their goals is critical in the process of healthcare construction and renovation services project management. As the project evolves, so needs can change, but with mutually agreed beneficial negotiated realignment the process continues through the project. All decisions related to and during the project are founded on achieving results, designed either to meet or exceed client's needs and expectations.

The design, construction and Furniture, Fittings and Equipment (FFE) components of a project require objective, versatile but disciplined vision. Therefore, project team members are highly qualified with the necessary experience and expertise in their various specialties. They include architecture, interior design, engineering, equipment specification and procurement. In addition, healthcare construction and renovation services offer a complete range of specialty consulting; for example, environmental, acoustics, hazardous materials, façade, noise and vibration.

Medical facility operational expectations

The owners of any medical facility project have their own specific expectations and schedules to meet when considering renewations. Correspondingly, while specific contractual commitments will apply, the sharing of expectations and plans relating to health construction and renovation services by the project team is critical. Making the facility ownership aware of any change of plan or scheduling is equally important, as is allowing them sufficient time to adapt and communicate this information to personnel.

Healthcare construction and renovation services mean interacting continuously with the facility ownership and in this respect, a direct understanding must be established between the parties concerned. An aspect related to this is flexibility and the period of notice the facility ownership requires, such as, for infection control, disruptions to operations and noise.

Apart from scheduled monthly meetings between facility owners, the architect, and contractor, it is considered essential that superintendents meet with designated facility managers on a weekly or even daily basis. Regular monthly meetings are not usually considered adequate when renovations are taking place in a 24 x 7 active facility! It is regarded as critical that the project management understands the activity flow of a facility and schedules it in a manner that has the least possible impact!

Opticians and an Eye-catching appeal

Visual impact is especially appealing when referring to optical related healthcare construction and renovation services. It is crucial for the client and the renovation service provider that the contract is completed on time and within the agreed budget terms, without sacrificing quality or customer service. Proven experience and expertise ensures a project will meet or exceed expectations. The frontage of an optician's concessions must present a picture of that service ownership. Although every healthcare service may have its own uniqueness, it must also have an image that is compatible with modern design trends.

Clients in all respects need security when choosing a healthcare provider. Healthcare construction and renovation services can provide a vehicle by which customers are made aware that a provider is established but is flexible and able to adapt to changing times. Furnishings, fixtures, and fittings tell a story and provide a picture. Patients who are prepared to invest their trust and finance in a healthcare service expect something in return; from attractive frontage on the outside to an appealing, comfortable and tasteful interior.

In effect, it's about a presentation that affects the quality and security of its operation on existing and potential clients.

Operating a Pharmacy during renovations

Established healthcare construction and renovation services are designed to affect major remodeling to existing and active pharmacies. They ensure that wherever possible, a pharmacy will remain operative through construction work. High levels of infection dust control are implemented and maintained, with working projects phased into determined sectors to allow for ongoing operational service.

All management related aspects of the project are catered for during the renovation process, including the presence of an on-site superintendent, safety, and quality controls. This is extended to selective demolition, final cleaning and more.

Veterinary a specialized renovation application

A professional, established and experienced business must be able to understand and appreciate the unique environments and needs of their clients; for example, those related to veterinary, animal care, and boarding industries. Healthcare constructions and renovation services promote peace of mind for their clients by facilitating an efficient and highly effective workflow.

This specialized application makes it necessary for it to be designed towards patient traffic with diagnosis, treatment, and sequencing related to the follow-up procedure. The ascetic aspect is also taken into consideration by the healthcare constructions and renovation services project team. This will be supported with an assurance of space compatibility, achieved with the latest in veterinary medical and animal surgical technologies, enhanced with appropriate fixtures and fittings.

Business function

During the period of renovation, disruptions are kept to the minimum, with the concentration being on keeping the practice functioning efficiently. The project team recognize the importance of establishing traffic patterns and maintaining the flow, especially regarding clinics and veterinary hospitals. For instance, locating the reception desk and establishing a waiting area, accessing surgical and treatment sections, as well as examination rooms, must be integrated into that flow. This type of feature not only minimizes movement but enables safe entry and exit for patients, which is always among the prioritized challenges!

Reasons Why You Need a Professional Real Estate Broker’s Help for Your New Business Location

When your business is on the expanding stage, growing out from your garage, spare bedroom, or office. It is important to have a vision for what the business in the future. There are certain things to think about such as where you will go? What location will suit your business? Are you looking for a…

When your business is on the expanding stage, growing out from your garage, spare bedroom, or office. It is important to have a vision for what the business in the future. There are certain things to think about such as where you will go? What location will suit your business? Are you looking for a place to just impress other professionals or are you dealing with a retail public or services? It is well worth your effort to find the right real estate broker to help you locate space to purchase or lease a property that suits your needs.

If an entrepreneur contacts a realtor seeking real estate advice, the realtor should take time to get to know their client, their business, their hopes, and dreams and most important, their budget. With all this knowledge, the realtor is more aware of the best solution for their client.

Many people think they can save money by doing their own real estate transaction. There are many things nowdays that can go wrong, especially when moving into a commercial space. This is a serious financial commitment. In many cases, rent is the second-highest expense after payroll.

Depending on the nature of your business and the market, a business relocation can take six months or more to execute. It certainly takes your time and energy away from managing your business. Leasing space is a complicated business deal. Due to real estate rules and regulations that may be ever-changing, relying on professional help who represents your best interest and who you can trust is smart. It is also important to ask your realtor to recommend to you a good real estate attorney, because a lease is a specialized document.

Have you ever heard a landlord who said “If you're not dealing with a real estate broker, will I let you move in without paying your first month's rent?” Or if you are buying a building, the seller says “I will sell it to you for a lesser price because no realtors involved”. It is not going to happen! However, if you ask a realtor “What other properties have sold in the last 12 months?”, You will be surprised that you did not get the great deal you thought you should have. It is a good idea to work with a realtor, in many cases, the owner / seller and landlord pay the realtor's commission.

If you are on a budget, a realtor can help you find an owner / landlord to “build to suit” for what you need. For example, this is a true story: There was a successful entrepreneur who wanted to open an impressive insurance franchise office, which would have a minimum of 15 offices, 2 conference rooms, media room, kitchenette area, employee lounge and a reception front desk combo greeting area with table and couches, and a child play area for the client's children. This is a big expense on top of franchise fees and startup costs including the phone system and copy machines etc., His realtor found him a location. The owner / landlord said he would “build to suit” with a 10-year lease.

As an entrepreneur, you are going to need to rely on many professionals because you can not know everything about everything by yourself. It is best to know who you can use for what information that will save you time and money. A good realtor can connect you with other professionals to help facilitating buying, selling or leasing. To find the best financing and or other related services, it is common for Realtors to have a network of banks, mortgage lenders, appraisers, and tradesmen they can refer you to. A professional realtor always has the back-pocket listings, the tools to find what you need quicker and knowledge to get you in. Oftentimes, a good Realtor is aware of properties not yet listed but may be for sale or lease.

The Right Place for Residential Property Investment in Bangkok

If you are looking for a property investment in a stable and low-risk real estate market, Bangkok would be the right destination. The reason is probably the rich culture of Thai people who are not the primary residence owners. This is why they don’t like the mad rush for selling properties as soon as possible.…

If you are looking for a property investment in a stable and low-risk real estate market, Bangkok would be the right destination. The reason is probably the rich culture of Thai people who are not the primary residence owners. This is why they don’t like the mad rush for selling properties as soon as possible. They sit on their property and wait for a long until they get a healthy amount of money for their properties.

Tips and Guidelines That Help You Buy an Ideal Residential Property

Buying any piece of property can be a daunting task for any buyer. Having their own abode in any city has been one of the most cherished dreams of many people, especially those who reach there from outside. There was a time when only a few builders and construction companies used to develop houses in…

Buying any piece of property can be a daunting task for any buyer. Having their own abode in any city has been one of the most cherished dreams of many people, especially those who reach there from outside. There was a time when only a few builders and construction companies used to develop houses in cities, and those constructions were not within the reach of moderate earners.

Now the scene has completely changed in the property markets. More and more reputed builders are coming into play, offering golden opportunities for buyers to make their dreams come true. In this article, we would discuss some of the basic prerequisites or characteristics which you should unfailingly seek in your new house.

These important tips and guidelines are discussed below-

  • First of all, be particularly particular about the location. It matters more than anything else because it is location that establishes your connections with other parts of the main city.
  • After location, please check the reputation of the builder very minutely. Doing it, is not a very difficult task in the light of the fact that you are living in the age of information technology where no one can play a blind game in any walk of life.
  • Quality of construction is also one of the most serious aspects that should never be ignored under any circumstance while seeking a property. Please make sure that the houses are safe and fully capable of living up to all your expectations on each and every parameter.
  • There are some areas or you can call them special zones where you can find the presence of reputed builders in profuse amount. These are the names that you can very easily bank upon, without any second thought.
  • Please look very comprehensively into the security arrangements because security can never be compromised.
  • Round-the-clock water supply, availability of electricity, high-speed internet, reputed schools, banks, means of transport and well-built wide roads are what make your life easier and convenient in any city when you own a house.
  • If you are a moderate earner and finding yourself unable to make the entire payment for the house in a single go, then you must go for the installation method while checking the terms and conditions very minute.
  • Please be aware of the fact that the builder has followed all the rules and regulations while constructing the house. It is necessary if you want to have complete peace of mind.

Hopefully, these important tips and guidelines will help you in a very concrete manner while you make up your mind to buy any piece of property.

The Benefits of Using a Quality Property Management Company

Property ownership can be a rewarding experience, solid investment and provide a sound revenue stream. However, it does not come without certain trials and tribulations that are part of being a landlord. From maintenance expenses and upkeep to acquiring and managing tenants, owning property can be a drain on time and resources if not run…

Property ownership can be a rewarding experience, solid investment and provide a sound revenue stream. However, it does not come without certain trials and tribulations that are part of being a landlord. From maintenance expenses and upkeep to acquiring and managing tenants, owning property can be a drain on time and resources if not run correctly – that's what a property management company does. These companies are paid by the property owner to take care of the nuts and bolts that are associated with ownership. A good property management company will take care of marketing the property, finding and screening applicants, and maintenance and repairs to the property as well as managing tenants, collecting payments, and issuing deposits and notices. Essentially, these companies do the grunt work for property owners so they can focus their energy elsewhere.

In addition to granting owners more time, property management companies provide a host of other solid benefits. They supply:

Higher Quality Tenants
One of the many jobs of a property manager is to find quality tenants to fill vacant properties. They thoroughly screen applicants by examining factors such as their rental history and credit score, calling their references, and even interviewing them to determine if they would be a good tenant. This process ensures that properties are filled with desirable tenants who will take care of the space, make their payments on time, and produce a steady income for the property owner. Management companies have vast experience sorting through applicants, and can spot warning signs and red flags easily.

Shorter Vacancy Cycles
The owner is not making a profit if their property is not occupied. In fact, unless they own the property outright, during times of vacancies owners typically have to make the mortgage payment out of their own pocket. When a property is occupied tenants' rent can be put towards the mortgage payment or used as income. Property management companies take care of marketing and advertise properties to the appropriate audience and see that the vacancy is filled.

Better Tenant Retention
Tenant turnover requires additional time and money to clean, market and fill the space, all of which is costly for owners. To avoid turnovers and vacancies retaining quality tenants is imperative. Property management companies serve as a point of contact for tenants and are immediately responsive to their needs. If there is an issue that needs to be addressed it's their job to handle it, and they work hard to keep quality renters satisfied. Property managers also handle lease renewals and are familiar with the market, so they know how to entice tenants to stay.

On Time Payments
Landlords do not make a profit if their tenants do not make their rent payments on time. It may seem innocent to overlook one late payment, but once a pattern of truancy is established it can be a difficult hole to dig out of. Inconsistent payments can put a heavy financial strain on a landlord who has to cover the mortgage costs out of their own pocket-punctual rent collection is a must for consistent cash flow. Instead of owners dealing with awkward confrontation and repeated excuses, it's a property manager's job to collect rent on time and enforce the lease agreement if payment terms are not met.

Instead of bearing the on the hassle, headache, and heartache that comes along with being a landlord, it makes sense to hire a property management company to deal with the unpleasurable aspects of property ownership for you. No, their services do not come for free and yes, you do have to pay a fee, but the benefits reaped in money and time saved are well worth it.

10 Of The Worst Real Estate Practices – The 5th One Will Leave You Thinking

It is not uncommon for the realtors to use dubious tactics to increase sales. They can rush you into signing an agreement or even over promise prices to speed up the sale. A survey on real estate brokers has disclosed such practices do exist. It is disturbing to know that only a small percentage of…

It is not uncommon for the realtors to use dubious tactics to increase sales. They can rush you into signing an agreement or even over promise prices to speed up the sale. A survey on real estate brokers has disclosed such practices do exist. It is disturbing to know that only a small percentage of brokers consider them wrong.

Here is a list of 10 most immoral real estate practices that every buyer should be aware of:

1. The listing agent informs there is huge demand for the property which is not the truth –

Do not be surprised when the agent tells you you have slim chances of getting the property if you bargain too much or take longer to reach a decision as there are several offers from other buyers. 31.8% of the realtors surveyed accepted it was a common practice to seal the deal faster.

2. Your agent will not show properties with lower-than-typical cooperative compensation allowed by listing agents –

This is not at all in the favor of the buyer, but 61.8% of the real estate dealers called it objectionable. The remaining percentage does not have any qualms about this and they are quite big in number.

3. As a buyer you will not get introduced to homes by your agent that are listed by brokerage companies on the basis of past experience and reputation –

20.1% realtors accepted it was one of the commonest ways of taking the deal forward. Even though the percentage was not on the higher side, yet it is enough to make you doubt about a seemingly fair deal.

4. The agent may show their own listing or company's listing depending on their preference – 49.6% of the participants to the survey thought it was okay to follow which clearly reveals a breach of trust which is common in real estate dealings. You can not really depend on the broker if you are expecting transparency.

5. Your agent will not represent you if you wish to buy for-sale-by-owner property –

Yes, this is fact. If you have been thinking hiring an agent will help you with any type of house purchase, you will be in for a rude shock. In case you want to purchase a home that does not involve a broker, you have to contact the seller on your own.

6. You will not know the referral fees the referring agent will receive – 59.8% of the agents thought it is the way to do business. But, it is not in favor of the buyer as huge referral fees earned by the agent means you could be driven into a deal that may not be beneficial for you.

7. Agent can refer you to another agent with no knowledge about the service quality and value they provide – As much as 33.1% of the agents thought it was a common practice, but it is definitely harmful for unsuspecting buyers. The agent referred may pay the referring agent as much as 20% of the commission. This is an eye-opener for buyers.

8. Unrealistic prices are accepted by listing agents to enhance marketing opportunity – Buyers who are unreported get trapped. The company tries to cover the marketing fees through such high prices. However, the property may not be sold at the listed price and it is the seller who suffers.

9. The agent you hired could be representing the seller in the same deal – Surprisingly enough, 40.9% of the realtors thought this practice was very common and acceptable. It is a shocking truth, but it is there. How can you hope your interests will be saved when the agent is operating on behalf of the two opposite sides?

10. Agent divulges critical information to the seller in the bid to close the deal faster – Believe it or not they do it. Even before the negotiations, the agent may reveal the lowest amount you are ready to pay for the property. This robs you of the opportunity to get lower rates.

While it is not possible to go without an agent when buying a home, yet the revelation of the worst practices rampant in the real estate market should put you on your guard.

5 Reasons Why Millennials Are Not Interested in Mortgages

Millennials are the generation which believes in frugality as we have already noticed how careful they are in spending cash or investing in huge places. Millennials prefer to be pre-planned about their life like career, marriage, retirement etc and they would definitely love to own a house if given an online purchase option as these…

Millennials are the generation which believes in frugality as we have already noticed how careful they are in spending cash or investing in huge places. Millennials prefer to be pre-planned about their life like career, marriage, retirement etc and they would definitely love to own a house if given an online purchase option as these people are technology people who prefer digital life to everything else.

Millennials know the value of money and how hard they have earned it, so they do not prefer risking their chances and after facing the recession, they have come to understand how hard it is to continue without the flow of cash so they keep pushing the idea of ​​owning a house back in their mind for later when they are totally settled.

Unlike others, millennials have taken the era with rise in new technologies which consumes most of their time and money apart from rent and food, leaving them no time to hunt down the best house and buying it for themselves as the idea of ​​renting a room sounds like a music to their ears as all you need to do is search online and move in. Two decades ago, investing in a brand new car or buying a new house was not a big deal but now we see that Millennials are seriously interested in making these investments early in their life.

We know that somewhere down the line they wish to have a home of their own but the fact that they are getting married and settled late, leaves them no room to buy a house for themselves as they would prefer to settle the major demands of life first and have no clue if they will be able to save and buy a home for themselves.

There could be many factors that influence millennials from staying away from mortgages but here, we will be targeting few:

1. Fear of debts and mortgage: –

Millennials know that once they invest in purchasing a home then they need to take out extra cash separately and pay for the mortgage which may be a challenge for them. Most of these millennials are trying to get an educational degree with student loans on their head due to which they find investing in mortgages hard, so this is one reason where they push the idea of ​​owning a home behind their head and try to be happy with renting it out.

2. They hate the extensive loan procedures: –

Millennials are people who believe in getting things done with the click of their fingers online. If they decide to purchase a house then the intensive procedure of personally visiting the bank and discussing the mortgage value along with all the paperwork etc just pisses them off and they dismiss the idea even before it begins.

There had been efforts made by millennials to apply online for mortgages but the procedure and the efforts were fruitless as at one point they got stuck either either up end up in unreliable service. To have a secure loan they need to visit the bank to sign the legal documents so when they hear about it, they turn their head away as this is not for them.

3. Changing social trends: –

Before people preferred to move out of their parent's house and rent an apartment but now millennials have no issue staying with their parents and sharing their house. Even if they decide to move, they would prefer to rent an apartment as a single person with no plans of owning a home for themselves until they find a person to settle down with separately.

4. Losing freedom: –

Millennials believe in sticking to their freedom and going around places for their jobs or to have fun but if they own a house in a place then they will be bound to that place and lose their freedom, so they prefer to be unbound rather than owning a house for themselves.

5. Unawareness: –

One of the main reason we see millennials not interested in buying a home is because of their lack of awareness about the down payments and low credit ratings. Most of the time they are quite wrapped with an idea that they will not be able to afford a home for themselves that they do not give them a chance to fully acknowledge what financing options are available to own a house for themselves.

Impacts of Rent Control on Apartment Buildings

There is no longer any question that rent control is often counterproductive and ineffective. Study after study has shown substantial social and economic consequences of government intervention in the housing markets of the nation over the last quarter of a century. Based on hard-earned experience, local and state jurisdictions from coast to coast have greatly…

There is no longer any question that rent control is often counterproductive and ineffective. Study after study has shown substantial social and economic consequences of government intervention in the housing markets of the nation over the last quarter of a century. Based on hard-earned experience, local and state jurisdictions from coast to coast have greatly restricted or banned the practice.

There are still some communities that continue to impede rent control. The rationeale is to reserve affordable housing for low- or middle-income families. However, that goal is not being met. Many communities are finding that the regulation reduces the quantity and quality of available housing.

The Role of Rent in the Economy of a Market

Advocating rent control ignores the basic economic laws that govern housing markets. Rental property that is privately developed, owned, and operated is treated as a public utility. That philosophy hards not only the providers of housing but the consumers it was intended to serve.

Rent serves two functions in the efficient housing market operation. It compensates existing housing unit providers and new unit developers for the cost incurred to provide shelter to the consumers. Rent also provides economic incentives that attract new rental housing investment. Housing is like other commodities. The supply is related to the market price that prevails.

Providing economic incentives is particularly important in the evaluation of rent control economic implications. When the market is not regulated, rents rise as consumers compete for units that are available. The higher rent encourages new investment in housing rentals. Buildings are constructed, rehabilitated, and converted from nonresidential to residential until there is an elimination of the housing shortage.

Without rent increases, new investment is not attractive. Housing construction is sharply limited. There is no long-term housing shortage solution. When rents fall, the market receives a message that new investments have no room to succeed. Artificially restrained rents by a community send the market a false message. Builders see no need to make new investments and the investments of current providers are reduced. The supply for a housing shortage is reduced rather than expanded.

Economists are practically unanimous in the consent of rent control. They point to six principal objections. They are:
1. Inhibits new construction
2. Determiorates existing housing
3. Reduces property tax revenue
4. Administrative costs are substantial
5. Reduces consumer mobility
6. Hard hit of consumer entry costs.

The poor are most affected by substantial rent control costs. The costs frequently drop the quality of housing that exists and reduces access to new housing. Rent control is often justified as a strategy that is anti-poverty. Evidence points to higher income households as the principal beneficiaries.

Rent control forces provider of housing to look at credit history and income when choosing from the competitive consumer pool. The selection process is biased against young and poor consumers. Rent controls are to supplement consumer income at the rental property provider's expense. The permitted rate of return is held below market levels of rental property investment.

The solution to the scarce housing problem is not con-induced disinvestment of rent, but an increased housing supply. An affordable housing supply can be stimulated by direct financial assistance to those in need. Increased purchasing power leads to expanded quality and quantity of local market housing. Economists feel rent control is a housing policy failure.

Invest in Sarjapur Road – Best ROI

Bangalore is growing and developing in all areas but one area that has borne all the statistics related to real estate development is the Sarjapur Road. This area has been on the buyers' list for years now and is unduly one of the fastest developing regions of Bangalore. If you too are planning to invest…

Bangalore is growing and developing in all areas but one area that has borne all the statistics related to real estate development is the Sarjapur Road. This area has been on the buyers' list for years now and is unduly one of the fastest developing regions of Bangalore. If you too are planning to invest in the Sarjapur Area but have some doubts, this article would offer you all the necessary reasons to stick to and plan your next investment here.

  • Huge real estate options

Be it commercial properties or the residential ones, Sarjapur road offers you innumerable options to choose from. There are many residential projects in the area that are being / have been developed by the most prominent and reputed builders. Also, this area has all kinds of properties. So if you are simply looking for an affordable apartment for sale or a house in premium projects like Sunniva Willow, you get it all.

  • Commercial development

A lot of industrial and commercial development is taking place in and around the Sarjapur Road thus giving a rise to the figures related to employment opportunities in the area. With the giant brands like Accenture and Wipro having their setups there, the need of residential properties would ever increase. So if you make a purchase right now, you can get a great ROI in a few years from now.

  • Social development

Sarjapur Road is in close vicinity to the South Bangalore and has a quick and easy access to bars, restaurants, pubs, hospitals, schools and colleges in and around the Sarjapur Road area so making sure that you do not have to drive tens of miles to reach somewhere which is regularly on your visit list.

  • Metro development plans

In comparison to other areas of Bangalore, Sarjapur Road is closely located to the Railway station, airport and the bus depot of Bangalore. In addition to this, a metro line is also proposed in the area to improve its connectivity to the major areas of the city. Once the metros became operational, the rates of the properties in Sarjapur area would certainly go high.

  • Affordability

Bangalore is considered as an expensive city to live and with the property rates touching the sky in areas like Kormangala, JP Nagar and Whitefield, finding affordable living options is very important. As mentioned above, Sarjapur road has a lot to offer and then you can easily find some affordable properties on Sarjapur Road.

The Real Estate Market And The New President

One of the few sectors that surprised us was the energy sector. The US actively reduced its exposure to energy, which has been very eventful for real estate markets. Due to the broad decrease in energy prices in 2015, the corresponding increase in the real estate valuations has been significant. The new president will have…

One of the few sectors that surprised us was the energy sector. The US actively reduced its exposure to energy, which has been very eventful for real estate markets. Due to the broad decrease in energy prices in 2015, the corresponding increase in the real estate valuations has been significant. The new president will have his or her hands full dealing with the oil-producing countries because of the recent 911 decision.

Many real estate investors are starting to reduce risks by decreasing their exposure. During the last two months of 2016, the Feds have been hinting to increase interest rates. The outlook for growth had been reasonable before these talks. However, current growth indicators suggested the economy would be flat after a weak start in the new year, the income of rate increases will result in a significant setback to the outlook for the real estate market. How will the new president work with the Feds regarding any interest rate changes?

Real Estate investors may decide to reduce as much related risk as possible. Assessing the impact on the economy remains difficult. So far, investors have relied on the interpretation of leading indicators, but no one knows how the next president will affect them. Monthly retail sales figures, growth rates and other market indicators have been interpreted as pointing to future growth. Keep in mind, our economy has a high exposure to China. How the new president will handle tariffs and trade is still up in the air.

Trump claimed his tax plan would cut taxes for working and middle-class Americans. Independent reports have shown that under Trump's proposals, all income groups would see a tax cut on average. Neverheless “average” does not mean everyone. A new analysis estimates that his plan would actually raise the tax burden on millions of low- and middle-income families. This may result in an increase for low-income rentals.

By contrast, Clinton's plan would provide some new tax subsidies for middle-income households with specific financial challenges, such as high medical or education costs. However, these subsidies would not do much to boost the economy, at least in the short run. Moreover, her tax increases on businesses and high-income households would likely reduce their incentives to save and invest. This could result in a greater demand for middle-income rentals.

We do not think that the current state of the real estate market can be accurately directed into the future. Clear discussions on the interest rate and what the new president will do have not yet been assessed. Therefore, the consequences for the real estate market still can not be evaluated adequately. Uncertainty regarding the future and effects on the US economy could lead to a significant cancellation in real estate investments. Such large risks could result in a contracting in investments, and ultimately affect wealth and employment levels and consumer confidence. A decrease in earnings could be a further implication. Even though there will be a “new” government we see a significant probability of political instability. The US will face economic uncertainty for several years.

Rents in Class A & B Apartments: Trends and Growth

While class B properties are not the most aesthetically pleasing there are reasons they present excellent opportunities for investors for the near future. Most households that live in class B apartments do so out of necessity rather than preference. The median household income has fallen over the last 20 years. Households have limited resources to…

While class B properties are not the most aesthetically pleasing there are reasons they present excellent opportunities for investors for the near future. Most households that live in class B apartments do so out of necessity rather than preference. The median household income has fallen over the last 20 years. Households have limited resources to spend on services, goods, and housing. The situation relegates living in class B apartments and excludes the opportunity to buy a house.

The resident mortgage underwriting standards remain stringent. It is difficult to obtain a mortgage, even those offered by the Federal Housing Association. FHA loans are intended for lower-income buyers. Impaired credit is often the reason the option is not available to them.

Yesterday's class A is class B today. There is a significant demand for class B apartments. Even those with no major renovations are experiencing rent growth, just not at the same rate as those that underwent significant renovation. Significant renovations include more than new appliances. The whole package includes cabinetry and a new leasing center.

Competition

The gap between class A and class B is so wide that it is illegally the class A rent will be within reach of current class B renters. Even though the competition between class A properties may cause returns to fall, the difference varies by 4.1 percent nationally.

There is little or no competition for new class B apartments. The inventory has declined in recent years due to demotion, conversion, etc. There has been no appropriate replacement. The lack of replacement presents the opportunity for rent growth for class B.

The supply of multifamily units coming on line at present exceeded the supply seen in the last 15 years. That statistic does not mean that the number of apartments being delivered meets the needs of the population. The statistics are just better than they have been in the last 15 years. The volume of apartments delivered in the 1970s and 1980s exceeded the number currently being delivered.

There is a projected growth in household income which enables class B landlords to increase rents. Class A rent growth will significantly slow and compress to the inflation rate. New competition weighs down the market. Lack of class B competition will put downward pressure on an incredibly low vacancy rate.

Investment Outlook

Class A vacancies are well over class B. The net operating income growth for class B will likely exceed class A properties. There is also a capital market argument for class B investments. Class B properties typically trade lower than class A properties. Currently the discount that usually reflects greater risk or higher net operating income growth is not in place.

Office Space Design: How to Make It More Effective

Office space design has been one of the top priorities for most of the business owners when they look for an office space for their business. Of course, it has to be a top priority as design plays a very important role in providing a great environment for employees while allowing them to work to…

Office space design has been one of the top priorities for most of the business owners when they look for an office space for their business. Of course, it has to be a top priority as design plays a very important role in providing a great environment for employees while allowing them to work to their full potential. It's something that alters the moods of employees veryly; so having an effective office space design will certainly boost the productivity of employees while helping them to be focused.

But how would you make the design effective? Here's how you can do it.

1. Prioritize flexibility

Every business owner must be aware that comfort zone is where the magic happens. One of the elements that promote the creative and physical wellbeing of employees at a workplace is the movement of the body. Human body is not made to sit in a 90 ° post all the day. An effective workplace will always be a flexible one allowing employees to work out of their desks.

Yes, it's all about breaking the bond between the employees and the desk. Design your space in such way that you have some areas that allow your employees to work standing (like café height tables), sitting (couch or traditional workstations), so that the employees can feel free and work from where they are more comfortable.

2. Showcase your culture

The first thing you should think of when you start designing your office space is, what you have to convey through the design. It's very important for a company to be reflecting its culture in its design. It gives employees a feel of being involved with the company's endeavors which builds great trust and creates a strong bond.

One simple way for companies to reflect their personality is to use colors. For instance, a creative agency can have its paint, interior and furnishings in vibrant colors like yellow and orange. This also fosters creativity in employees while also adding value to the company. Know what color has what impact and employ according to the company culture.

3. Include play areas

Employees at a workplace definitely need some renovation in their hectic schedules, client calls and tight deadlines.

How relieved do you feel with a simple table tennis match after a hectic day at work?

That's a lot right? Definitely it is. People with their hectic schedules at work have almost forgotten the day when they last played a sport. This being the case, having play areas at the workplace encouragements employees to be practically all the time playing indoor games like table tennis, carom board or any other. It's just a break to their non-productive drag bringing them back to focus.

These are a few simple tips to design your office space so that the employees feel more lively and productive at the workplace. So, if you are planning to design your office space, consider these tips to make it a great place for employees.

And if you are searching for an office space that already has these features, there are lots of fully furnished office spaces available in the market. Just seek help of an expert commercial real estate agent who can help you find a good office space that suits your business, employees and the company culture.

Off Market Listings

Newer agents and many consumers may be unfamiliar with a concept that veteran real estate agents know as 'pocket' or 'off-MLS' listings. The agents and sellers should be aware that the practice has the potential of adversely affecting the best reasonable price possible. One Multiple Listing Service reports ten to fifteen percent of property sales…

Newer agents and many consumers may be unfamiliar with a concept that veteran real estate agents know as 'pocket' or 'off-MLS' listings. The agents and sellers should be aware that the practice has the potential of adversely affecting the best reasonable price possible. One Multiple Listing Service reports ten to fifteen percent of property sales today are 'off-MLS' listings.

Simply stated, a 'pocket' or 'off-MLS' listing is hidden in the pocket of an agent without the benefits of listing on the MLS. MLS listings are actively marketed to all real estate agents belonging to an MLS. A vast network of potential buyers looks to make offers on property. Active MLS marketing includes the property being downloaded on various real estate sites on the Internet, including Redfin, Realtor.com, Trulia, etc.

Pros

Off-MLS listings are most often requested by plaintiffs, judges, celebrities, and other people who want to maintain privacy or limit viewing of the property to select individuals having the necessary financial resources to purchase it.

The seller does not want to make any effort in the selling process, such as painting the building or making other cosmetic changes. Sellers would not have to deal with tenants knowing that the property is for sale. The seller may not need to sell the property but is willing at the right price on an as-is basis.

The seller believes marketing and selling a property in this manner yields the highest price, because of buyers, who learn it, feel they are getting an inside shot at purchasing the property, and will aggressively step up.

Cons

Off-market listings are marketed by a single agent to a select few potential buyers. The pool may be so small that agents within the same brokerage agency may not be aware of a fellow agent's off-MLS listing.

A listing agent must dislose the positive and negative aspects to the seller and adhere to rules designed for consumer protection. Many real estate agents believe off-MLS listings are not in the property owner's best interest, especially if a client is unaware of the marketing benefits of an MLS. A listing agent is usually required to obtain a signed seller certification stating the desire of the client not to sell the property through an MLS.

Off-MLS listings do not get broad market exposure gained by listing on an MLS. Significant reduction in potential offers is relatively, especially when multiple offers that exceed the asking price for a neighborhood are common.

At the end of the day, owners who choose to sell their property off market face many more disadvantages than those who choose to list their properties on MLS.