Thinking about a property refurbishment

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By Felix Fortescue, property analyst.

I’m often asked whether a property refurbishment will increase the value of a property and the answer is yes – but a return on the investment is far from guaranteed!

The trouble is that the true value of a property lies chiefly in its potential as perceived by the buyer in the marketplace in terms of the potential of the real estate, rather than whether it has been refurbished or not. The buyer may not care for your property refurbishment anyway and could gut the whole place as soon as you have gone- after all, a building is just a chattel.

So ordinary people, i.e. not professional property developers, should steer well clear of the property refurbishment game unless it is purely to enhance his or her own comfort and amenity at home or work.

The situation with property refurbishments is analogous to the boy racer who installs a 500 stereo in his car and then expects the vehicle to be worth an extra 500 when it simply isn’t.

It was no surprise when recently a friend who works for Hampshire Building firm PM Building Contractors told me that most of their property refurbishment work was chiefly for the high-end customer demographic.

These customers had clearly ordered the property refurbishment work for their own home comfort rather than to enhance the value of their houses.

Although it cannot be said that the gain on the value of a property accrued by a property refurbishment will necessarily be nil, any likely gain will be disproportionate to the expense and that may be incurred.

With the idea that the true value of the property lies in the estate in the land in mind, I would suggest that the ordinary man or woman who was wondering about how to maximise the value of their property should think hard about the potential of their real estate.

Applying for outline planning permission for a whole portfolio of possibilities can make you very attractive for property developers and landlords, some of whom have vast financial resources.

A property refurbishment is merely a cosmetic measure which, while it brings comfort and enjoyment for the householder, is not part of the fundamental nuts and bolts of what your property is worth.

Get a quote for your Hampshire Property Refurbishment – from Hampshire County Council Approved – PM Building Contractors!

Bangalore Is The Best Destination For Property Investment

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Anyone who have own property in Bangalore of course feels proud that they live in this city which is dubbed as the Silicon Valley of the East and the ‘garden city’ of the country. The Bangalore is considered as the high tech city due to the presence of number of software and software services companies located here. In India, there are several industries are growing at above average growth rates. Today software development activity is not confined to a few cities in India. The some software development hotspots of the nation are Bangalore, Hyderabad, Mumbai, Pune, Chennai, Calcutta, Delhi and more.

Out of all cities, the Bangalore has emerged as the IT capital and center of high-tech industries, especially software. Bangalore enjoys a network effect and became the IT hub that makes it easier to recruit people to the city. Owing to that the population of professionals is increasing in Bangalore and this has lead to the growth of real estate sector especially the residential sector. The demand of buy property in Bangalore in varying sectors like retail, commercial and residential have been boosted from past few years.

Residential market of Bangalore has seen some major action and development with contribution of many developers like Prestige and Sunil Mantri, Sobha, rolling out new projects in micro market segment. Some of the best residential locations where the demand of sale property in Bangalore has been increased rapidly are Sarjapur Road and Whitefield, Doddakanenahalli and Jayanagar.

The rates of sale property in Bangalore are constantly rising due to that to afford the piece of land in Bangalore is quite tough due to that many professionals are diverting their interest towards the rental accommodations. Bangalore is offering the number of options for those who are willing to find the best rental accommodations like apartment for rent in Bangalore. Today the rental apartments in Bangalore are designed so beautifully and brilliantly by keeping all the necessary aspects of business class people. It provides the various amenities to the tenants such as 24 hr water supply, Power backup, personal pool and gym, Wi-Fi connection, green surroundings including parks, proper sanitation, modular kitchen, and more in affordable rental cost.

So, if you are planning to reside in Bangalore then you no need to be bothered about the accommodations anymore. Whether you want to buy property in Bangalore or take property for rent there are lucrative options are available for you. All this indicates that this will be a good investment destination.

How To Refurbish A Property In France Without Going Insane In The Process!

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Well, I tell you, I never thought that I was ever the sort of person who could be pushed to absolute and total wits end. I never thought I could be the one to drop off the edge brandishing a crowbar on foreign soil and waving it around over my head like a crazy person!! Oh, dont judge too quickly. Not until you yourself buy house in France and try to do it up!

Im not crazy; Im quite normal and probably not all that dissimilar to you. But enough was enough and I wanted those lazy, incompetent and far too expensive moron workers off of my property before they completely wrecked it. You know, paying an extra 75% in tax to a French tradesman is one thing (I did it reluctantly), but I do then rather expect that youre going to be VERY, VERY good at your job in that case. I mean, provide some real value for money here Im paying for it.

Do you know that I had to have my brand-new complete kitchen fitted/corrected not twice but three times! The first time they forgot to put some of the waste pipes and services in. The second time, the ones they did forget and now fitted leaked all over the floor.

Do you know that the bathroom I had installed wasnt the one I ordered? Maybe I wouldnt have noticed save for the fact that it was also a completely different colour! The suite would have matched perfectly if only I was colour blind or tripping wildly on hallucinogenics. Neither of these scenarios is applicable to me.

Do you know that I paid over 10,000 Euros to have the exterior of the property re-rendered in the same, utterly awful finish as to what was on there in the first place? The very reason that I instructed the workers to take off the old render was because the finish was uneven and abysmally textured. I didnt like it. The look I wanted was uniformly flat and smooth. They removed it and gave me in its place the exact same thing! Instead of original awful I got renewed awful.

So, yes, at the end of my tether those lazy, over-paid, incompetent fools were abruptly chased out of my property and bon dbarras! to them all.

I do want to pay my greatest of respects to two companies that came to my aid, all the way from England. One was Pudelko Construction, who handled all of my internal works; and the other specialist firm was DuraRend, who handled my exterior rendering. I so wish Id thought of hiring firms like this before but I simply assumed that no one would want to travel all the way to France. But these guys do right down to South France, near the Spanish border!

My advice to anyone with a property in France: Bring your workforce with you!

Links:

htt://www.durarend.co.uk/

Things You Need to Consider While Dealing a Berlin Real Estate Property Agent

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Buying a home in Berlin could be an important decision for you, but it is essential that you have proper idea on what you need to follow in terms legal activities. Without proper legal documents it is difficult to purchase any property, apartment etc in any country or location. Certain things like land registration, contracts etc are literally important to decide on buying a particular property.

Mentioned below are four important things you should know when dealing a Berlin Real Estate property agent:

Land Register

The extract of the Land Register Officer is the most important thing you should have when purchasing a Berlin property. The Land Register Officer is mainly administrated by the Land Registry at the local court. Having a proper document form the land register officer will help the potential buyers to get certain justification in regards to the banks, creditors, notary officials, real estate agents etc. The actual extract given by the registered officer is required when you are buying a property in Berlin.

Contract for Purchase

Another important thing that you need to consider about is the contract for purchase. A purchase contract should explain all important features about the potential buyers. Some of them include: introduction of the parties, proper description of the property, conveyance of the property, price of the apartments, warranty, cost of purchase etc. Purchase of all apartments in Berlin is subjected to an essential notary recording. A contract is invalid if it is not notarized.

Purchase Contract for Building Developer

This is another important issue that you need to take care while purchasing a property. According to this scheme, the purchaser needs to show proper documents explaining that he is obligating himself to buy a house or an apartment and is liable to payment ready at the time when the construction of the building is completed. Such contract prevents the real estate agents to sell an undeveloped property.

The Baugruppe:

It is an important partnership that focuses at circumventing commercial building developer. With the help of this contract the partners are able to select and plan their building concept. It is usually a mutual and private partnership that offers joint and several liabilities of the partners. This contract supports on the harmony as well as the communication among the partners and their will to understand all problematic situations.

Maintaining all the above mentioned points ensure that you deal with the most suitable real estate agents in Berlin and most important you end up with purchasing a proper home for you.

For more details about property and apartments in berlin log on to buyberlin.co.uk

Why You Should Consider Using A Property Consultant!

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Property consultants work within the industry day in day out, and can provide you with detailed insights using their professional experience, and knowledge. There are numerous ways that a property consultant can be of use to you.
It is more than likely when looking for a property you will come across severable that you find suitable. Optionally you may find that your choices are limited or perhaps not in the location that you most desire. In any of these cases a property consultant will be able to help you narrow down your search or perhaps suggest alternative locations and properties that you might not have initially considered. This is where you will initially start to see the value of your chosen property consultant. They will ask you a number of in depth questions to help establish and your needs, wants and desires as well as any concerns that you may have. Questions such as number of family, pets and local schools are all common questions that help establish the type of property you may be looking for as well as the obvious one of the amount youre looking to spend. If you are a business looking for an office, a property consultant can help you find a suitable sized property in an area that is close to customers or perhaps key clients.

Once youve decided on the suitable property, they can also help you with negotiations which there will inevitably be. Allowing somebody neutral to perform the negotiations will certainly alleviate you of the high stress levels that are almost guaranteed when dealing with the kind of levels of finance involved in property. Your property consultant should be well aware of the market value of your potential purchase. The money you could save would certainly be worth the fee for their consultancy and it would also save you immeasurable levels of anxiety also.

The actual process and final purchase will also be smoother with a property consultant as they will have a plethora of contacts and will know the suitable personnel to perform a thorough job while also making the process as quick as possible.

It is quite clear that although with some research and plenty of time on your hands you could easily go without a property consultant; however with people living such busy lives these days, often working over forty hours a week, thinking you can do it yourself might actually turn out to be a false economy, not just financially but for your stress levels also.