Category Archives: Real Estate

6 Things Your Contractor Won’t Tell You

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Is your contractor being entirely honest with you? Here are just a few secrets they don’t usually share with the public.

1. They may not be licensed.

Only a few states require their contractors to apply for a license before beginning work. While having a license doesn’t automatically make someone a good contractor, it does show commitment to the industry and a willingness to hold themselves to a higher standard.

2. Your renovation isn’t the only one they’re working on.

Many contractors juggle multiple projects at once. This isn’t something to take personally as long as they remain focused on your renovation while they’re on-site; however, before actually hiring them, you might want to ask how many active projects they have. A high number of active projects might prove to be a distraction down the line.

3. Their upgrades are usually legitimate.

Sure, there are snake-oil salesmen out there who only suggest upgrades to squeeze more money out of you, but plenty of contractors have legitimate ideas about what will and won’t be beneficial to your property. Remember, this is their business, so they have more knowledge and experience than you do.

4. They can be legally obligated to stop working.

If something like polluted water or a termite infestation is found on your property, your contractors are legally obligated to halt the renovation until the health hazard is fixed. They won’t often tell you this, however, especially if they’re under contract and being paid by the day.

5. You can write your own contract.

Speaking of contracts, feel free to draft your own if you don’t like the version that your contractor uses. There are no national guidelines or standards governing home renovation contracts, so you won’t run afoul of any laws if you want to draft something specific or time-sensitive.

6. Everything is negotiable.

Don’t believe a contractor who says they aren’t allowed to haggle. While they may have preferred prices, brands and techniques for the things they do and the materials they use, these things aren’t set in stone by any means. Negotiating for a better deal is often all it takes to receive one.

These are just a few things that the average contractor won’t tell you. For more information, including how to get home renovation contractors near you, check out sites like RenovationExperts.com.

Protecting Your Family from Dangerous Fungus Exposure

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You would normally expect the air inside your home to be safe to breathe. You would never suspect that it could contain dangerous fungi that could cause you and your loved ones to become sick. However, mold spores and other toxins can invade your home not only through the basement, attic, and other entrances, but also through the windows and ventilation systems. You can determine if your home is safe by retaining services like indoor air quality testing and mold remediation today.

Testing the Air in Your Home

Mold spores are invisible to the naked eye. You cannot see mold floating around in your home or landing on the walls and flooring in every room of your house. Even so, its very presence could invite trouble that would leave you and your family suffering from a host of respiratory problems. People who are routinely exposed to mold and other fungi suffer from frequent pneumonia, asthma, allergies, skin rashes, and even COPD-like illnesses.

Further, you cannot simply turn on a fan and open the windows to blow out the mold inside your home. This attempt to clear your home of the fungus actually just blows the mold around and also causes more spores to come in through your windows and vents. Rather than cause the health and safety of your home to suffer worse, you can get rid of this threat safely and efficiently by hiring specialists who are trained to look for and remove mold and other fungi from houses.

Mold Remediation

During the time that the contractors work on your home, you may be advised to leave so that you do not come into contact with any more mold than you already have. While you are away, the contractors will identify where mold is coming into your home and also test the air inside your house to see if it contains any spores.

The people who work on your house are trained to use equipment that will prevent mold from spreading in your home. They will get rid of any sponges, towels, and other gear that they use to clean up the mold so that spores are contained and gotten rid of entirely.

Mold poses a unique threat to you and your family’s health and safety. Because you cannot see mold spores in the air, you can hire specialists who are trained to remove this threat safely.

Why Makes Investing on Real Estate is Promising

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Investing on Real Estate is Promising

Theoretically, the term of real estate is defined as property that consists of lands with all of the buildings that lay on it, as well as the natural resource it has, such as minerals, water, crops, and every natural resources in it. As the growth of the world’s economic, the trend toward the investment in this kind of field is growing massively. Many people are competing to claim certain estate that is considerably promising, creating the competitive atmosphere of investment. And if you want to know the reason behind it, here is the explanation of why many people prefer to invest on this estate than others.

Firstly, real estate is considered as the promising long-term investment. As we all know, people will always need housing as the place to settle in, especially on the real house that is laid on land. As a result, the needs toward this thing turn to be the one that will never fade in the future. This is why the market of estate will never be shut down. Even in the middle of crisis, the demand toward housing is also high. And more importantly, the value of it is always getting higher by the time. So, with all of these reasons, this kind investment is considered as the greatest long-term investment.

Second, the price of real estate is considerably lower than other kinds of investment. But, this thing will only be correct under certain circumstances. If buyers buy an estate in the right place and right time, they might get the lower price. But, before doing this, as buyers, you need to consider some things. The most important one is the potential side of this place in the future. If you think this area is king of growing area and the estate you’re going to buy is predicted to be valued more in the future, then you don’t need to wait any longer to make a deal.

Lastly, it is because this investment has a power to block the negative impact of inflation. We know that inflation is something that can’t be avoided in every kinds of economic system in the world. But, by investing on this field, at least the negative impact of inflation can be minimized. It is because historically, the value of an estate will increase as the inflation happen. So this investment could be potential hedge of inflation for both the price of the property and the rental fee of it. Therefore, by investing on real estate, you can park your money on it as well as growing its value gradually.

Understanding Real Estate Business

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Real Estate

The term real estate has many definitions. Usually people use it as land or property. Housing, building, and land are part of property. People, company, or government owns them. Private sector develops housing and sells to personal owner. This kind of business is common in estate field. Broader term include water, river, oils, and mineral as estate. It is like goods. Several countries have their own definition. Apartment in US is different from UK. Apartment has perimeter and lockable key. In Asian region, villa is big house and similar to resort but more private. However, other countries do not recognize villa.

Vast amount of money can be found in property business. Developers build housing and building. They require large land and others material. Bank, retailer, and other financial institution take part in real estate business. For them, this field is very tempting. With good marketing strategy, new housing can rise into high price. Luxury property is one of revenue source for particular developers. Market is small but has high profile customer. They build condominium, resort, and villa in good region. Rapid growth in emerging market is their target. Customers buy property as residential or investment. You know that land and house price is rarely going down. Sometime, price will increase exponentially.

Mortgage and leasing are two term that familiar in people mind. If they cannot buy with cash money, financial institution provide loan. Customers can pick it based on the financial ability. Risk buyer gets high rate. As investment, apartment or building is not flexible as real money. If you are in hurry, selling house is not good choice. You need some preparations before buyer take over your house. However, long-term financial reserve can be obtained with real estate. Land and building are part of real property and measure company assets. They become assurance to get loans.