Real Estate - It's a Buyer's Market!

It's currently a buyer's market, which means there are more sellers willing to sell their homes in the market than potential buyers...plus mortgage rates are very high at the moment. In this scenario, residences can stay longer on the market and prices of homes may begin to fall. Interest rates may also continue to be lowered. For example, a large percentage of the listings recently have had at least one price decrease since entering the market. This means that many sellers are waiting, knowing that the property may fall in price a few times.

In a buyer's market, buyers have more opportunities and leverage than sellers which means that purchasers are more likely to remain patient by taking their time and shopping around. Many of them opt to choose an agent who only represents the buyer and not the seller. The agent will only benefit if you buy a house. If you are buying a brand-new house, ask builders for incentives such as free upgrades or suspended HOA costs. A purchaser should talk to other lenders and the best financing for the house.

If you are selling your home in the market, you should sell it for an appropriate price. Make sure you realize that most houses stay on the market longer during a buyers market. Homeowners should prepare to spend more time in their home than they may want. Save money just in case it does not sell. If you find a residence before your house sells, consider renting out your home until the market changes. But if you are a seller, it is especially important to price your home appropriately. Since there is an overabundance of them available, buyers will avoid a residence that is overpriced. Make sure you determine how long houses in your neighborhood stay in the market.

When selling your residence, make sure it is clean and odor free. Mow the lawn, rake the leaves and clear the sidewalks. Clean the walls and deep clean the carpet and make sure the children's toys are out of the way. If you decide to paint the inside of the house, make sure you use neutral colors. Make sure you let light in because this can make the rooms look larger.

Offer the purchaser offers certain incentives that would encourage them to consider it. For example, offer the purchaser a realistic carpet allowance or include appliances and furniture in your home. You may offer to upgrade certain appliances. You may even want to offer to pay the closing costs, which can cost up to six percent of the total cost. These costs include loan appraisal or any other paperwork. To first time home buyers who do not have much cash, this can be very enticing.

In addition, you should arrange to have a professional home inspection, because the purchaser definitely does not want to find a major problem during the inspection process. When buyers have to wait for the repairs in a buyer's market, this could encourage them to break the deal, especially if there are plenty of other houses in the market.

Qualify Your Prospects - Or Lose Them to a Competitor

Innovations are a mixed blessing. Because new developments offer the potential to improve personal or work lives, many people welcome the latest advances. Conversely, the newest way of doing things also carries the potential to annoy many people.

Take for example, current technology that simplifies how we can communicate with others. Using hard copy format (aka paper), we can send messages by hand, Canada Post, courier and various print media such as newspapers, magazines and books. Electronically, there is a wide range of telecommunications including wireless and Internet-based formats. As a person interested in marketing, I understand and value the contribution that today's technologies make to marketing communications. However, as a consumer, the misuse of these technologies drives me crazy.
Newsletters are one of the most popular and potentially effective of all marketing communications. Suitable for distribution in hard copy or electronically, they are ideal vehicles for keeping in touch with prospects, clients and network contacts. Properly used, they can enhance agents' credibility as knowledgeable real estate authorities. Inappropriately used, they have the opposite effect: instead of reinforcing credibility, they can raise questions about an agents' basic competence.

Through membership in the same organization, my wife and I have become acquainted with a real estate agent who is building his business. One component of his business development plan is the use of printed newsletters and Christmas cards. In building his list of contacts, he has taken our names from the membership list of the organization to which we all belong. And with list assembled, he has started regular mailings to his contacts, including us. I am less concerned that he is mailing to us without our consent than I am puzzled by why he considers us prospects. We have never discussed either real estate in general or our housing preferences in particular. I am no more sure that if I were looking for an agent he would be the right one for me than I would be a suitable client for him.

Unfortunately the mailings confirm this uncertainty. With content apparently mass produced by a third party, the newsletters are very generic and contain little information that is relevant or of interest to me. In creating the image of a dream home for last year's Christmas card, the agent described a scenario that is about as far from my ideal home as it's possible to be. It may well have been his vision of a dream home; it certainly wasn't mine.

In the overall scheme of things, receiving several mailings a year from this agent is not a big deal. These mailings do however illustrate the down side of the ease of communicating, especially sending newsletters. Certainly it's easy to assemble a list of people to whom newsletters can be sent. But just because you have some one's name and address, does that automatically mean that person is interested in hearing from you, let alone choosing you as their real estate agent? It's also very simple to purchase pre-packaged newsletter content for distribution to your contacts, but how effectively does this satisfy their need for useful information?

Undoubtedly, like many marketing programs, the agent's newsletter initiative was undertaken with the best of intentions and with no desire to annoy anyone. Ironically, in attempting to build or perhaps enhance a relationship with us, he has inadvertently caused me to question his skills as a real estate agent. Why did he not pre-qualify us as people who would be interested in receiving his newsletters? Why did he send us information without knowing whether or not it was relevant to us and our situation? And why did he think my idea of a dream home is the same as his?

Again, in the overall scheme of things, these issues are insignificant. However, in a competitive industry like real estate, they become relevant factors in the decision-making process. When and if it comes to pass that I am looking for an agent for my own needs or to refer to some one else, who will appeal most to me? The agent who doesn't know much about me and continues to demonstrate this though his mailings? Or am I likely to be more attracted to another agent who is prepared to take the time to get to know my preferences, needs and wants?

Certainly today's user-friendly communication tools can improve the effectiveness of marketing communications. And just as surely, these same tools can bite the unwary agent who misuses them. User beware.

Apartments in Kochi

In India real estate is flourishing every year and it has resulted in numerous openings for investments around the country.

There are numerous cities across India where Real Estate investments are a booming factor and Kochi is one of them.

Kochi, the Gateway to Kerala is booming as the major city for establishing real estate market. Many commercial and residential properties across Kochi have been urbanized immensely and they are all still in the process of development. Real estate investment in Cochin is now a striking asset.

There are many ready to occupy apartments, luxury flats, bungalows, in Kochi. New apartment units in Kochi are anticipated to reach around 100,000 in the next few years. Kakkanad, the eastern end of the city was a hilly village in Kochi and now it is growing as a new city hub.

A considerable number of Kerala residents dwell in foreign countries and t real estate in Kochi has always been the subject of NRI interest. A large number of employees are settling in Kochi and this might be a reason why the real estate business in Kochi is growing as ever before. Apartments in Kochi were always a hot topic to NRIs. They have keen interest in sub-urban areas in Kochi like, Kakkanad, Kaloor, Kalamassery etc. So it is highly prestigious to buy apartments in any areas of Kochi.

Investments in Kochi are arising due to the fact that Major Projects such as Smart City, Info Park in Kakkanad will be sharing a huge part of employments across Kochi in near future. As a result, the need for more and more apartments in Kochi are arising day by day. Thus the builders in Kochi are investing in more and more apartment projects near to Infopark / Smart City, Kakkanad.

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Open For Business 24 Hours a Day - 365 Days a Year

With the advent of globalization, businesses need to cope with trading internationally. Since time difference is always a problem the aspiration of setting-up a 24/7 office is one's businessman's dream. For a Tax Delinquent Investor this is almost a necessity. There is not one time where opportunities are latent. But there is GOOD NEWS!

There are ways to achieve this and one of them is to physically open your office 24 hours a day and fill it with staff. With this set-up your office is open 24 hours a day and has 3 work shifts in a day: The morning shift, the afternoon and the graveyard shift. This kind of set-up is very tedious and needs a lot of monitoring. And since your operation is 24 hours, you will be lead to hire ample number of people thus making your cost on salaries and wages balloon. It is sort of going against the Tax Delinquent Investor Goals, don't you think?

Then there is another way, which is an easier and cost efficient way. You can get all of that done by setting up your own website. Nowadays, almost everyone is connected to the Internet whether via computer, PDAs or cellular phones. A website is a virtual store that resides in the Internet. Everyone can access it anytime of the day thus eliminating the time zone differences around the world. Sales transactions are done electronically and payments are made via credit card using a secured payment gateway. But before you can setup your Tax Delinquent Investment business over the Internet, first you need to have a working system, some valuable information at hand and knowledgeable content to share to your audience.

Your Tax Delinquent Investment business website can accept queries, suggestions, information and even actual land/property purchases. It can also publish information and advertise properties you are selling. You can even have an interested buyer enter some of their information in so that by the time you contact them you would have most of their valuable details at hand. Lastly and the most important thing of all is that it can also accept payments from the buyer. Once you have packaged the basic requirements needed to setup a website then your business is open for business 24 hours a day, 365 days a year. This will enable you to maximize operations, decrease operational expenses; global expansions, thus, a much bigger chance to increase profit. Having your own real estate website makes selling land properties global in just a click away or to be precise just a mouse click away. You put your business out there for the whole world to see and you're client base is diversified, breaking all barriers, in terms of time and geographical zones.

Jack Bosch began investing in real estate in 1999. Along the way he discovered a secret system of buying land for literally pennies on the dollar and reselling the property for thousands more. Since his first transaction he has personally bought and sold over 5000 properties using his fine tuned system. Jack to this day still invests and profits from real estate, however now he also offers his secret strategy of buying and selling real estate for huge profits to You!

Discover the Next Boom Area Within the Gulf Region

The growth in specific regions within the Gulf Region has been widely publicized and documented by the financial as well as the wider media. Those who got in early and had the foresight to accurately predict the radical growth in specific regions are sitting on very good returns, especially in the real estate market.

The more aggressive returns within the Gulf Region has been within the U.A.E, specifically in regions such as Abu Dhabi and Dubai. Development is still happening in these area's but compared to other parts of the market Abu Dhabi and Dubai are much more mature. This is generally not a bad thing it just means that prices in this region are generally a lot more expensive in comparison to other regions.

So what does this mean for investors, it means that generally liquidity will denote where you can buy and at the moment with inflationary pressure's related to commodities as well as the fear of small corrections in the more mature property markets many are turning their attentions to the more northern Emirates for property investment's within the U.A.E.

A lot of financial analysts in the area's are endorsing and turning their attentions to the less developed Emirates such as Ajman. Ajman is currently the cheapest freehold property market in the U.A.E ,and with it's proximity to the most developed state of Dubai in the U.A.E it is looking very attractive.

The fundamentals as many agree look right to facilitate a prudent investment including low prices, massive investment, prestigious developments and location.

A Second Look at Custom-Designed Modular Homes

If you like the idea of creating your own modular home from scratch, you should make an appointment with a local architectural engineer. Come prepared with a list of both what you need to have in a custom-designed modular home, and what you'd like to have. Have a realistic budget in mind, and the specifics of your building site.

The architectural engineer will have a list of home features which can be included in a different selection of modular home designs, and once you have settled on the architecture and floor plan you want in your custom-designed Modular Homes , the architectural engineer will draw up plans which include all your requested custom features. The plans will be sent to the modular home manufacturing company, which will construct it in sections.

Each section of your modular home will have to pass strict a on-site quality control inspection, and your custom-designed modular home will be built to meet all the zoning and building codes in your municipality. Once all the sections are completed ( which normally takes about two weeks for a two section home) and approved, they will be covered and shipped to your building site. Some modular home manufacturers offer share-load shipping, so that you can split the shipping fees with other people in your area who are also building modular homes.

Construction of Your Custom-Built Modular Home

While you're waiting for your custom -Built modular home to arrive, you will need to have a foundation built. The home will be joined to the foundation, and the remainder of the construction process will usually run between tow and three weeks. Because you have a fairly accurate idea how long it will take your new custom home to be ready, you can have a much easier time of planning your move.

You may be surprised to leant that a custom-built modular home will actually contain between twenty and thirty percent more lumber than a traditional home of the same size, and that all its sections will be not only nailed or screwed, but glued together. From architectural appeal and energy efficiency to solidity of construction, custom-designed modular homes are equal or superior to traditional homes in very way!

The Easiest Way to Prevent Bankrupting Your Home Staging Business - Stop Giving "Free Estimates"!

When I ask many real estate agents today about the state of the market and its effect on their income, I often get an earful about tiny, intermittent commission checks and complaints of record breaking gas prices cutting into already bleak profits. Things aren't great for many in the front lines selling real estate right now.

However, if you're a home stager, chances are you are building your real estate staging business with the help of the market's downward spiral. In a buyer's real estate market, the people prepared to make offers are pickier than ever. Homeowners are desperate to sell. They're scrambling to find an edge that doesn't mean dropping their asking price, and that's great news for home stagers.

More homeowners than ever before are turning to home staging professionals for advice on how to best decorate their homes to stand out before they list with a real estate agent. If you're one of the lucky stagers enjoying an increase in inquiries because of the market's decline, you have to keep the fine line between 'free estimate' and 'free advice' good and clear. Otherwise, you could burn out and bankrupt your business faster than you think.

If you are a home stager, you know what you can expect when you walk into a house to meet with a home seller to provide a home staging estimate. Not long after being greeted at the door, you're peppered with questions like; 'Do you think I should repaint the bathroom?', 'What do you think of the rug in the living room?', 'Should I leave the high chair in the dining room for showings?', 'Do you think the kitty litter in the washroom will turn off buyers' Of course these are legitimate questions for a home seller to consider. But when they're asked of a professional home stager, the real goal is to obtain free home staging advice.

Because you can increase the perceived value of a home from $10,000 to $70,000 by staging it properly, you deserve to be paid (and paid well) for your expertise and advice. Unfortunately, if you're new to the business of home staging, you might be tempted to visit sellers to provide a free estimate of what it will cost for you to stage their home. If you continue down this road, you should know it almost always leads to burnout and bankruptcy.

If you consider yourself a professional stager, I hope you're not out there wasting your time (not to mention gas) visiting potential clients to give away free advice. Any serious home seller seeking professional home staging advice will be happy to pay for your services - they know your work will result in a quick sale for top dollar.

It is rarely necessary to visit a home to provide a rough estimate of what it will cost to stage it, especially if it's already furnished. If you have any experience at all, you'll be able to tell from one telephone interview, approximately how long it will take and roughly what staging will cost the seller. However, you have to be confident enough to explain everything thoroughly to someone who has probably never hired a real estate stager before. They need to understand the services you provide and how it will benefit them.

So how do you stop walking right into the free estimate trap and start taking the reins right from the get-go? You arm yourself with the information you need to enable home sellers to understand your services and realize how much they need you. I've recently created a tool called the 'Staging Diva® Sales Script: How to Avoid the Free Estimate Trap and Turn Homeowners Into Home Staging Customers in One Phone Conversation.' It's my script of what I say to a prospective customer to turn them into a buyer. I've been using it for five years to build my staging company Six Elements Inc. This resource teaches home stagers what to say when the caller asks, 'I';m thinking of having my home staged, what does it cost?', so they no longer have to fall into that 'free estimate trap'; in the hopes of winning business.

With the opportunities opening up for you as a home stager in today's slow real estate market, it's certainly not the time to give your services away for free. Educate yourself and enjoy the profits waiting for you as you help desperate homeowners sell faster and for more money. Their real estate agents will appreciate it to since you make their selling job so much easier!

Bangalore Real Estate Goes Green

Bangalore real estate activities are witnessing a stagnation period. There is identified stock of unoccupied properties in the Whitefield area. The reason gauged is all the IT and IT enabled service companies are heading towards green buildings. Green buildings are the peg of the year as the world is adapting green arena to counter various environmental issues. All builders and developers are bound to adopt green technology to construct their buildings.

The upcoming real estate activities in Bangalore are happening at outer ring road and peripheral areas. Few buildings where the construction has just completed are lying vacant. The Bangalore real estate market is experiencing such vacant unit supply in past couple of months. The reason sought is the increasing demand of green building. The newly constructed Bangalore properties are not meeting green buildings requirements and thus they are not rated as green.

The IT and ITES companies are not occupying this space and as a result the real estate values are stagnating and the property prices are going down with time. In the last quarter demand - supply mismatch was approximately a million sq.ft. (as stated in Cushman & Wakefield report).

The Bangalore Real Estate Builders and property developers are still reluctant in building green homes and using new technology because of their profit margin. Also all the upcoming and current projects are overpriced than the market value.

The Whitefield region in Bangalore, where IT and ITES firms occupy most of the office space, could be delivered another blow when a Bangalore government scheme which provides rebate in tax to the companies located at "technology parks" comes to an end next year.

Most of the companies will head towards Special Economic Zones (SEZ) which is designed as per the green codes and this will further render some Bangalore properties vacant. Thus Bangalore real estate builders have no choice but to start constructing green buildings to save the environment as well as their own business

Foreclosure - Cut Your Risk Get Home Inspection

FSBO - Avoid Some Common Mistakes

For selling your FSBO property, you need to avoid some of the common mistakes. There can be a number of things that you might need to perform before you actually offer your property for sale.

1. Avoid jam- packed rooms, kitchen and stores before offering your FSBO house for sales: A potential buyer would like to view the rooms, store or kitchen keeping in mind the requirement of the buyer. So, all unnecessary items should be removed from the rooms, store or kitchen. You need to pack all these items so that they do not occupy the needful space.

2. Maintain leaking water tape and connections: Many times a small tap or water pipe start leaking in our houses and most of the time we forget to repair it or even sometimes we do not give much attention to the leaking pipes. These leaking pipes cause damages to wall paints and before offering your FSBO property, you need to repair all the leaking pipes.

3. Improve the look of your garden: You need to give some time for improving and maintaining your garden. Most of the time a potential buyer gets the first impression of your house from your garden. So, avoid congested garden and if possible plant some flowers of the season. You can also take the help of a nursery or any botanical garden of your area, which will suggest the type of plant that will grow in the soil of your garden.

4. Replace broken glass windows or doors: Sometime we avoid repairing a minor crack on the glass of our window or doors. Especially you should take extra care if your main entrance door or window is not in good condition. It gives a poor impression to the potential buyer of FSBO property, so you should at least keep your entrance door and adjoining windows in good condition.

5. Maintain the exterior of your FSBO house: Most of the FSBO owners don't care about the exterior or interior of your house. The exterior of the house is as important as the interior of the house. So, before offering your house for sale, you should at least put a coat of paint on it.

So as an FSBO owner, you should keep the above points in mind and it is necessary for you to improve your house as per the few points mentioned above so that you quickly get a buyer for it.

Getting the Best Deals on Miami Beach Condos

Settling down in Miami Beach requires a residential unit that will fit your specification of a family home. Considering that the city is a hodgepodge of cultures, you can practically see dozens of different architectural designs available that will suit your taste.

One of the most sought after residential properties in Miami Beach are the condominiums. These luxurious homes are prized among the rest considering the functionality and the convenience of having one for your very own. Despite the fact that Miami Beach condos are quite expensive to acquire, as compared to other residential units like single-family homes or apartments, having one under your name is a big change in regards to your daily upkeep and lifestyle.

Finding The Right One

If you want to maximize your condo acquisition, you need to decide on several factors that will determine its usefulness for your needs. First, you need to do a little research regarding the prices of condominiums in Miami Beach. Though most of them are quite expensive for your taste, some of these residential complex do exists that providers lower rates than the rest.

Aside from the price, you need to look into the different amenities and facilities in a condo unit so that you can decide on which one would be perfect for your needs. Take into consideration the amenities of each unit, like the number of rooms, floor area, furniture and fixtures, and so on. Check also the available facilities that you will jointly own with the rest of the residents, such as swimming pools, housekeeping staff, security and privacy features, entertainment and recreational facilities, and so on.

The Status Of The Miami Beach Real Estate Market

If you want to purchase these luxury units at the lower price, then you need to keep a close eye on the real estate market of Miami Beach. We can never deny the fact that the prices of assorted residential units fluctuate depending on the status of the real estate market, as well as the demands and availability of these units for acquisition.

You might want to exercise a little bit of patience and wait until the prices of condo units in Miami Beach is at its lowest. You can consult a real estate agent to get the info you need, or hire their services to look for a Miami Beach condo that will fit your budget.

Considering that the real estate market of Miami Beach is currently recovering from the effects of the housing crisis that hit the entire U.S. You can safely say that the market will be returning to normal in a few years time, but the demand for such commodities is high considering that the prices are still lower compared to the market boom in the last decade.

Central Delhi - Million Dollar Baby

The slowdown in the real estate sector has not been able to stop the affluent from buying a house at sky-rocketing prices in central Delhi's swanky locality. Though the inflation is on an all time high but it has hardly made a difference to the well-heeled.

According to media reports, in the last two months, three high value transactions have been made worth Rs 300 crore in central Delhi's elite Golf Links locality, where infrastructure major GMR, a prominent auto-dealer, a former Prime Minister's son and a politician have bought a house. Limited availability of properties in the area and rising demand from rich-getting-richer customers has resulted in such price appreciation, articulate industry experts.

The central Delhi has always been a hub of real estate activities in the city. South Delhi comes the close second. Though west, north and eastern zones of the city have so far been bustling with real estate activities but it's the central Delhi which has remained the hot cake of the Delhi property market.

Also known as Lutyens' Delhi, it includes areas like Aurangzeb Road, Prithviraj Road, Mansingh Road, Shahjahan Road and the nearby posh localities of Chanakyapuri, Golf Links, Jor Bagh and Sunder Nagar. All these areas have always been the most preferred locales of Delhi, an ideal location for all Delhi Real Estate Builders and a place-to-be-in by all and sundry.

The main reason for the popularity of these areas is that being the central most part of Delhi, it is well connected to different parts of the city. Being home to the political and business bigwigs, it boasts of superb infrastructure than any part of the city.

Further, with Connaught Place revamping, it is going to be a value-add to the already high-profile property market of central Delhi. Moreover, as Delhi real estate developers look around for various business opportunities the redevelopment could be the next big thing for Delhi properties.

Selecting an Online Construction Management Service

Today, construction teams need to do a lot more with a lot less. In this competitive environment, many look at online (Web-based) construction management software to help them make decisions faster, automate documentation and reduce costs.

Three of the most important criteria for selecting such software are ease of use, focus and affordability.

Ease of Use - The software must be intuitive and easy to use. It must mirror the way the project team has communicated for years and not ask them to learn a new way to exchange information. It must employ familiar methods for formatting and presenting information so that field personnel can put it to use immediately, inputting information with ease.

If users can virtually teach themselves with little or no training, they are more likely to use the software. If the construction management software looks complicated, the project team will either spend too much time learning how to use it (minimizing its benefits), or avoid using it altogether (sabotaging its effectiveness).

Focus - The construction project management software should focus on the areas where it can make the most difference, namely routine, repetitive tasks such as RFIs and CCDs.

The greatest benefit comes from using the software to automate these exchanges of information that move projects forward on a day-to-day basis. The software can ignore - or link to - other applications that are needed less often such as CAD drawings or CPM schedules.

The first online software tried to do too much. They were too complex and difficult to use, making many construction professionals reluctant to use them. Software that does a few things well is much more valuable than one that does many things poorly.

Affordability - Good online construction management software can pay for itself in a short period of time due to increased productivity.

Of course, it is still important to check the price. Most online construction management software is sold as an annual fee, typically based on the number of users or projects. Other possible costs include a set-up fee, maintenance fee, training (if required) and customization (if available). Better software vendors offer a free trial or a month or so.

But price is not the only factor in affordability. Productivity is another important measure, and study after study shows that lost information and paper-based systems are expensive indeed.

For example:

The Butler Group, a London-based IT research and analysis organization, contends that as much as 10 percent of a company's salary costs is "frittered away" as employees scramble to find information to do their jobs.

According to the Delphi Research Group in Elmwood, Connecticut, 15 percent of all paper handled in a typical business gets lost and each lost piece of paper costs a business $120.

The German firm AWV concluded that companies could increase productivity 20 to 30 percent, and save 20 to 40 percent of the time spent on document handling, by managing documents electronically.

A rough ROI measure of productivity improvement is: (number of employees) x (salary) x (% time savings) x (productivity rating). With that formula, if the software saves a few hours a week (a conservative estimate), it probably will pay for itself in a few months.

Summary

By concentrating on ease of use, focus and affordability, construction teams can choose an online construction management service that fits their needs. Such software can reduce workloads, minimize delays and maximize profits.

Real Estate Ideas For Buying a Home

Think you are ready to buy a new home? It's not as easy as visiting a few open houses and rifling through pictures online. Before you take the plunge, consider some of the following questions to help guide you through the complex process of buying a home. Home buying is a big financial investment. There are a number of things you can do to make the buying process enjoyable and successful.

1. Is this the right time for me to buy?

Besides taking the current real estate market into account, give some intense thought to your own situation and lifestyle. Buying a house is one of the biggest financial investments you will make. Not only that, but it's a time investment as well. If you're unhappy at your current job or in your current city of residence, buying a house might not be a wise option. You should feel fairly confident that you will be comfortable staying there for at least five years, especially if you're a first-time home-buyer. Research is very important to know what you want and what is available. It is very crucial to consult with your family and friends.

2. Can I afford it?

It's true that paying a mortgage is often times more economical than paying month-to-month rent, but there are many hidden costs. Initially, you may have to cough up some cash for a down payment, home inspection, insurance, and other fees. You may also have the burden of paying for the moving expenses, paint, and furniture. Turning your new house into a home might eat up some of your weekends. If you don't have any extra funds squirreled away to handle the surprises of home ownership, you may want to build up your savings account first.

3. Do I need a realtor?

Probably. Unless you are a realtor yourself, you will need someone to represent you and assist you with the process. You don't have to open the phonebook and pick the most convenient agent. You're hiring them; therefore, you must interview. It's important to find an agent that you communicate well with and who is experienced with your particular needs. Some agents specialize in condos, others might only do mansions. Agents will help you with budgets, loans, and market trends. They also know about properties before they are listed, potentially lessening the buyer competition. By having a real estate agent, you will see more properties and it will increase your chances of negotiating a good deal.

4. When should I get a loan and where?

Money will constantly be a factor in your house hunt. Rather than becoming frustrated by all of the dollar bill signs, it is recommended that you get pre-approval for a home loan before beginning your search. This will help you outline your initial budget and you will avoid potential disappointment, if you can't get a high enough loan for that dream house you saw. You can get as many pre-approval loans as you would like, but each will appear on your credit score so don't shop around if you don't have to. The pre-approval loan is also the gateway into better negotiations. Some sellers will balk at signing over the deed if they don't have some sort of proof that you have the finances.

You can find a lender with a mortgage company, online, or through suggestions by your realtor.

Building a New House

There are many good reasons to build your own home. The first is probably saving money. The stats show you can save easily thirty percent if you have a good idea about what it is you are doing. There are always exceptions to the rules and it could be more or it could be less but more than likely you will save money over buying an already built house. Another reason is that you get exactly what you want in a house. You get to decide just how big the rooms are and where they are located. If you want the master suite on one side of the house and the rest of the bedrooms on the other, you get to plan it out.

The kitchen is one of the most important rooms since you will be spending so much time and effort in that particular room. Having it laid out in an ergonomic way is very important, especially if you are a gourmet cook and enjoy cooking and baking. Since it is a room where people seem to congregate during parties it may be connected to a larger open family room. You get the idea; it is all up to you.

For instance, you can be creative with a variety of precast concrete products either underground or in the yard or as part of the house. For one, if you live in an area without city sewers, you will need to choose one of the precast septic tanks for your waste. It gets somewhat technical so hiring a professional to help plan this part of it might be wise. Other precast possibilities include making walls out of precast bricks. They are relatively easy to do as they go together nicely. If you are in California you might be able to find some Sacramento precast concrete products for your creative ideas.

Creativity is the fun part of building your own home. There is the business side to it and it is equally as important. Having the right contracts and agreements in place will make the building of your own home a nightmare or a dream. There are numerous things that can go wrong and you need to be as proactive as possible. Having a plan is imperative to heading off those irritating showstoppers such as having the materials on site when the work is suppose to start. There are a number of activities that can occur concurrently and some that have to happen in sequence. If you've never built a house, purchasing a plan may be the prudent thing to do.