Posts Tagged ‘Home’

Mumbai – The New Business

Wednesday, June 10th, 2009

Lately Mumbai has been a lot in the news, be it fluctuating stock market, clash between business tycoons, terrorist attacks on the most prestigious property, change of government and last but not the least the most talked about slum area, which has gained lot of attention after the popularity of  “Slumdog Millionaire” movie.
Slumdog Millionaire needs no introduction, as the movie and its cast have gained international fame, by winning the most prestigious award The Oscars. While the stars of the movie are enjoying their visit to other countries, here back in India a lot of interest is growing amongst the national and international traveler to visit the slum areas of Mumbai.

Mumbai tour though has always been on the top priority of inbound tourists, but now there is a new addition in the itinerary and it is the slum tour. The movie has raised many question, as is this what the real India is? Is slum the only interesting part left in India? The answer may be no but on second thought, Mumbai tour gives boast to the city which does not really look after the slum area. Now the revenue generated from the slum tour can be invested in the upliftment of the people living there. These tour would also help in people to understand the lives of the poor. How they manage their big families in small income. It is very interesting to see how they accommodate themselves in such small houses.  Moreover it would break the barrier between the rich and the poor.

The impact of the movie is such that it has apparently given a lot of business to the tour operator as well as to the hotels in Mumbai. There is also a rise in the online queries regarding the Mumbai slum tour. Dharavi- the biggest slum of Asia, needs no introduction too, as Slumdog Millionaire is based out of this area only. Dharavi has a long list of esteemed visitors, two of which are -  Prince Charles and Bill Clinton. Those living near the slum area agree to the fact that now there is a new way to look at the slum. Though there are lot of problems but at the same there comes a lot of help from these areas, as one easily get daily workers, maids to look after the house as well as children. With the rising working population, there has been a rise in the demand for the household maids, and these slums are indeed to look forward to that. At the same time, for the people living in these slums, nearby middle class population is the source of income. Women especially get jobs easily in the nearby residential areas. Dharavi is also the center of the small scale industries, with people starting their own business from home. Every member of the family, joins in to promote the home business and therefore it boast a lot of self employment.

Before the movie, Mumbai hotels located near the slum area might have faced location problem. But now guess they are the most happy ones, benefiting from the tourists interest to live near these areas. Mumbai tourism itself want people to visit the slum areas, to generate revenue for the people of slum and also to bring two different class and society to come together, to increase the understanding and to look forward to personal aid from them. Earlier visiting India and not visiting Mumbai would have left the trip incomplete and now visiting India and not visiting the slum of Dharavi- Mumbai, would be like missing the real flavor of the city.

Selecting the right contractor for renovating your home

Thursday, March 12th, 2009

Home renovation has become quite the trend nowadays. It is not like the time when renovation was looked upon as big a headache as buying new property and moving to a different city. This creates a problem. For those property owners who are not in the property business it can be tricky to find the right building contractor to work with. Quite often the only way to choose one is to ask around for a recommendation. Even then it is possible that things make not work out as smoothly as you wish. So how are you to avoid a situation like that? Here are some suggestions that should help.

First off you should have a list of around 3-5 contractors handy. Do not go with one. Get as many recommendations as you can. Collect quotes from every one and compare their prices against the services and their past record. All of them should be charging somewhere close to the going market rate for the job. If someone is charging way too low then expect corner cutting and a rush job. Similarly if someone charges way too high, then you are obviously being had. A good contractor will stick to the market prices and not demand unreasonable sums.

If you are going in for a minimal renovation then make sure you do not enter into a verbal agreement. It often happens that small projects are never put to paper and this leads to arguments later on. Always get the contract on paper and signed by both parties. Verbal agreements are worthless. Make sure you understand the contract yourself and that it covers everything you want done.

Another important thing is to speak to former clients of the contractors and get their feedback as to the performance during work and how much customer satisfaction the contractor gives. By speaking to others and listening to their experience with a contractor you will be able to choose the right one. If possible you should visit some of the locations where the contractor has worked recently so that you can see the quality of their work for real instead of through pictures.

An important thing that people often overlook is to actually check the references offered. Quite often the bottom line for their decision is the cost and not the reputation of the builder. Do not engage anyone who cannot show references unless you know them personally and when references are offered call them up and either speak to them or better still try and meet them and look at the work done in their home. This is a very critical component of choosing a contractor and you should not skip or avoid it. When you are checking references you must enquire about things like quality, time taken, schedules met or missed, builder’s attitude, budget control, and so on.

Another thing to check is the builder’s credentials. Not all states require a builder to be licensed. Reference checking becomes even more important in those states. In the others you must make sure the builder is licensed for the work to be done. Also check the builder on the Better Business Bureau to see if there have been any complaints.

Property Investment Seminars- Wealth building through real estate

Wednesday, March 11th, 2009

Property investment seminars are property developers and realestate agent’s brochures which is produced to discuss on property development or property market in order to get the investor to part on the property investment seminars which gives own housing projects. Property investment seminars provide property investment information on a wide variety of topics. UK property experts in the property marketplace, stands at the top to represent the best investment properties in UK.

In property investment seminars you can get valuable property investment information. To check about property Investment Seminars search online. You will get more details on how to attend, schedule or learn more about such property investment seminars and opportunities.

Property investment seminars are of one and a half hour presentation which aims to wealth building through real estate. Property investment seminars are usually conducted free of cost. Property investment seminar will provide an insight overview to investing in commercial and industrial properties. Property investment seminars will mainly focus on the valuation and pricing methods related to the field of investment Properties, with specific reference to UK. Property investment seminars features a number of renowned speakers, who will tackle major practical issues related to the realestate, industrial and commercial properties which are important area of capital growth. Additionally, property investment seminars will address the issue of how to evaluate Intellectual Property Rights by adopting international best practices. The property investment seminars many make discussions at length a range of topics relevant to properties in the UK and the importance of Intellectual Property Valuation in Intellectual Asset Management.

England is the home of large number of companies with intangible assets such as trademarks. ‘Moreover, several indigenous companies in the UK are expanding their presence beyond their homeland and are going global, which accentuates the need to adopt international best practices in evaluating the companies’ worth’. So, London is the best place to conduct such great property investment seminars in a big level.

From property investment seminars, property builders find a good way to get suitable investment properties. Property investment seminars are generally a great opportunity to purchase a investment property at below market prices. You just need to attend the property investment seminars to understand the property marketplace.

Property investment seminars gather both the newer property investor and the investor that feels like they require some help in these areas, and much more! Property investment seminars will act as a workshop to allow property builders time to get their questions answered in a group setting and also expand their connections in this field.

Benefits of Selling Your Home Privately

Monday, December 15th, 2008

On face value it can appear as though selling your home privately does not make financial sense. This is particularly the case where you are offered a price that represents a large discount off the price you wish to achieve on the open market.

However, a closer look at the situation may reveal that selling your home in a short space of time for a reasonable discount makes perfect sense.

These days there are hundreds of companies and individuals who offer to buy property from people who are looking for a quick sale. Most of these businesses make offers in the region of 75-90% of the market value of the properties. In return they offer to buy the property quickly and in some cases they pay for costs such as legal fees.

At first glance this may seem like financial suicide. However, if you calculate how much money it can cost to sell your home on the open market the discounted price may not seem so low after all.

First of all there is the estate agent’s fee. This is payable upon selling the property and is usually around 2% of the final selling price in the UK. This can account for a significant chunk of the final selling price and raises the question of whether the value of the fee should have been discounted from the market price earlier on in order to trigger a fast sale.

Additional fees for selling your home through an estate agent will also include legal costs and a survey fee. Depending on how long the property remains on the market, if it is vacant and there is a mortgage secured on it you will be liable to pay several mortgage payments as well.

If instead you accept a discounted price for your home upfront you may not be liable to pay for these costs. Businesses that offer to buy your home quickly will usually pay for legal and survey fees and will take the property off your hands quickly meaning that you will not be liable to make further mortgage payments.

These additional costs can account for a few extra percentage points off the market price of your home. When added to the estate agent’s fee the total outgoings you will be liable to pay from selling your home on the open market could be between 5-10% of the final selling price.

Finally, your home may not achieve the advertised price set by the estate agent. It is likely that you will have to provide a discount of around 5-10% in order to secure a sale.

It is now clear to see that the apparent discounted prices quoted by companies offering you a quick sale in order to buy your property may make financial sense after all.