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Guide On The Various Ways To Invest In Commercial Real Estate

Jen Lambert on October 16, 2018

If you are thinking to purchase commercial real estate, you will be better off being educated about some of the critical things involved so that you get it right. This is arguably the best area you can invest in when thinking of real estate and there are some key considerations that you will have to make along the way. There are various ways you can go when you decide to make the purchase, and it is prudent to know them from the word go. The article below will try to compile some of these essential aspects and educate you on the best ways to purchase commercial real estate. Read below and find out;

Buying Vs. Leasing

This is the first major decision you will have to make when thinking of venturing into commercial real estate. You need to understand the potential risks right from the word go as the last thing you want to do is to invest in property and realize that you could have been better off leasing it a few years down the line. One major risk is the location backfiring and a place that seems to be hot today could easily be the opposite tomorrow. Trends drive locations, and it is easy for what appeared to be promising development to stall and render an area dull. Of course, the reverse can also happen, but it is better to consider these risks. Another risk is the lack of cash flow caused by tough economic times and tenants stopping to pay their rents. This way you will be significantly affected if you have a huge mortgage to pay off. The bottom line is to do your homework well and try to bring all these risks into perspective so that you know what you are signing up for. The decision comes down to economics, and you want to have an expert to help you do the analyses while taking into consideration all the market trends and any factors to be considered.

Experts

You cannot succeed if you go solo in the real estate turf and you will need a team of experts to help you with various aspects of the deal. Buying a real estate property is not easy, and you will need to write down contracts, agreements and negotiate on the price. You will need an accountant to help analyze the financial aspect of the investment and other related things such as taxes and operating budgets. A lawyer will also be required to draft the agreements and negotiate with the seller’s legal team. A real estate commercial broker from 3cre in Dayton, Ohio, will also come in handy in trying to identify the potential investments. Lastly, a mortgage broker will assist you to get funding from money lending institutions and negotiate the repayment terms. If you wish to get your purchase right, you need to have a team of diligent professionals.

Identifying The Right Property

Finding the right property to invest in is not the easiest thing to do, and you should do it carefully. The location has been the mainstream thing that comes into mind when looking for the right property to invest in, but there are more things to consider than just that. It is the number one issue since you want to invest in a place where your customers can access you. Try to find a commercial property that is located in an area that is close to essential amenities such as train stations and roads so that people can find you easily. It also helps to look into the physical condition of the property and consider the effects of wear and tear. Look at the space available to the place since you might need parking space and any opportunities for expanding or developing your property over the years.

Due Diligence

You should not just rush and buy property since your real estate agent recommended it to you and doing some homework is important. Some of these people are in the deal for the commission even if they offer you amazing services and they can easily conceal some information that will discourage you from buying the property. Go to the internet and find out more about that area. Look at the property and try to find any contacts that may offer you information about the condition of that investment. This way, you will end up buying after being assured that you are making the right decision and not doing something that you will live to regret.

Financing Options

The main part of buying a real estate property is the funding part. You can tackle this issue in various ways depending on what you deem fit. First, there is the option of getting money from a lending institution, and it is vital to analyze the credit types they have in store for investors like you. Look at the repayment period and interest rates as they are important for you. If the traditional methods are not very attractive to you, it might be prudent to consider the creative methods financing the property. There are various ways of going about it, and you need to check every possible thing you can do for you to finance the property without paying so much at the end of it all. Your accountant and lawyer can advise you on the best financing options for you as they can look at it and show you the impact it can have on you in the long run.

The guide to buying a commercial real estate property has been laid out, and it is essential to look at the mentioned aspects keenly before making a purchase. This is an area that has handsome rewards if you get your moves right and this should be a priority. Luckily, you have people in your team who can advise you on these matters and help you to make the right decisions along the way. Buying commercial real estate is a hectic process, but if you follow the steps above, it will be easy to maneuver around it.

How To Get The Best Deal On Diamond Jewelry

Jen Lambert on July 26, 2018

Everyone wants the perfect ring. Diamonds are one of the most expensive purchases everyone wants to make in their life. In order to make the purchase, however, it is critical to plan ahead and understand the process of acquiring these precious stones. It is important before spending on diamond jewelry that you do the following with either your partner or, your financial trustee;

Talk about your finances

If you have not done this, you need to as soon as possible. This, however, should not necessarily be about the ring, but about the general idea of making such a huge purchase. Both of you need to know that you have similar goals when such huge finances are involved. If it your significant other, ask yourself if you really know what her expectations are when it comes to such big, and extravagant purchases.

Make a purchase plan

After having that heavy talk about the financial situation and the expectations, you basically need to start planning for the big purchase. You essentially need to start with the budget. Plan your finances in a way that when getting the jewelry will not strain you in the end. It is very important to remember to save before the big purchase to avoid any financial strain after it. If you have already made plans on diamond jewelry, do not sway to other options during the purchase as you will disarrange all the plans and also confuse yourself mentally. Buying diamond jewelry for your loved one should not be among the investments you make. You need to go all out if you want the best stones for her with a clear conscience.

Make a decision

Depending on the reason for purchasing the diamonds, you are required to make a decision. Diamonds are the traditional stones used for engagement rings and other jewelry designed for your significant other. In the instance where you might need other options, it is highly recommended to think about the moissanite. This stone is nearly colorless, just like the diamonds. It is also durable and resistant to abrasion. It is also relatively affordable. In order to get the best deal, however, as much as you need to know your other viable options, you need to make a decision on the exact piece of diamond jewelry you are looking for.

Know the 4 Cs

Carat. This is the standard measurement unit for measuring the weight of diamonds. In that, 1 carat is equivalent to 0.5 grams. The size of the jewelry matters a lot although, bigger is not always better. For the best deal for both your partner and your pockets, think about your budget and her hand. Big diamonds in most cases look odd and are full of inconveniences. Diamond prices usually jump at the full and half-carat weights. Have that in mind.
Cut. This is the most significant characteristic of a diamond. This is because the cut themselves define the diamond’s brilliance. Well-cut diamonds tend to have more sparkle and a brighter shine as compared to the poorly cut diamonds. It is therefore recommended to know the quality of cuts so as to determine the actual values of each diamond piece before purchase.
Clarity. This is basically the number of imperfections visible on a diamond stone. Usually categorized from flawless to inclusion. Inclusion is categorized for most people that buy diamonds with no obvious flaws. Most of the people, however, go for diamonds with small inclusions to the very small inclusions.
Color. Diamond colors are graded from D which is colorless to yellow meaning they are colored. Most people prefer colorless diamonds. You need to know that this difference in color means a high value which converts into expense in cost.

Stick to your budget

When buying the diamond jewelry, it is advisable not to get emotionally attached to any diamond piece. This will make you make a rushed judgment call that was not initially in your budget. Take your valuable time to get well equipped with knowledge about the different stones so as to get the best value worth your money.

Confirm certification of the diamond stones. This would guarantee that the stones come with the 4Cs and are polished for sale. In your budget plan, make sure that you, however, give an inclusion of certified diamonds as they in most instances cost more to avoid being scammed by hungry diamond jewelry retailers.

After knowing the essential details, as a potential buyer, you are required to understand the buying process of the diamond jewelry. Do some research about the retailer you have chosen to go to, such as Elizabeth Diamond Company. The vocabulary used in there might leave you confused and end up being talked into buying jewelry that you never intended to or, something not worth the price you got.

Get recommendations and other vital information from people that have purchased diamond jewelry from the retail store you intend to visit. After you have decided on the particular kind of diamond and the store, go ahead and contact the store for a GIA certificate. When satisfied that it is legit, you can now go on ahead and make the purchase. Once you receive the diamond stone, it is also advisable to go to an independent appraiser to make sure that the stone you purchased matches the particular GIA certificate you received. If it is not inscribed with the GIA number, you might need to get it inscribed to avoid cases of theft.

When buying diamond jewelry especially diamond stones, you might prefer to buy the diamonds and the settings separately to either save cash or acquire a custom fitting. You can just research on the setting you want most and have your local jewelers make it for you at a lower rate. You could also buy the setting online but before you do, you need to find out how much it will cost you to service it, and how you will make the adjustments in your budget plan you had made earlier. Never believe what the sellers say. You need to check it out for yourself. Remember to inquire about the refund policy of the seller to avoid losing your hard-earned money.

Vertigo Inducing Surreal Cliff Concept House in Australia

Glimpse Team on June 15, 2015

[intro]After a couple asked for a concept home to be designed along “extreme parcels” of coastline in Victoria Australia Modscape got to work…[/intro]

Australian modular architects and home designers Modscape have devised a futuristic looking concept home which is designed to resemble a barnacle attached to a ship’s hull, that seemingly defies physics by being suspended off the side of a cliff in Australia. With a certain Bond villain look, the home hangs rather precariously with the ocean beckoning below. It pushes their use of modular home design concepts and technologies to new levels by anchoring itself to the side of a cliff by way of engineered steel pins and was built in a modular fashion level by level.

The cliff concept home has three bedrooms, a living area, kitchen, and gigantic floor-to-ceiling windows that display breathtaking (or vertigo-inducing) views of the horizon and ocean beneath. There were obvious design challenges such as how to hang the house off the side of the cliff, but also how to transport the owner through the home’s five levels. The upper level houses the entrance and carport and the owner is then transported through all five levels by way of a elevator with the lower level dedicated to a fully outdoor BBQ and spa.

The World’s Most Expensive Homes

Glimpse Team on March 9, 2015

7 Of The World’s Most Expensive Homes

While to most of the earth’s inhabitants a shelter from the harmful weather elements coupled with some conveniences and amenities like food and water comfortably pass for a home, there are some homes in the world, which currently cost more than most of the people, can dare to imagine, more than even some of the biggest corporations.

Here is a comprehensive review of the 7 world’s most expensive homes in the world.

7. The penthouse in One Hyde Park; London

This house hosting a two-floor apartment with six bedrooms is currently the seventh most expensive home in the world standing at $159,000,000. The apartments overlook the Hyde Park, great scenery for the tenants and one worth the price too. The building has virtually all its aspects in great shape and quality too. One very unique feature in these homes is that all the windows are bullet proof for maximum security. Recently it has been said to have been bought by an Eastern European.

6. Palace Green in Kensington Palace Gardens, London

This mansion cost the owner Indian steel tycoon Lakshmi Mittal a cool $222,000,000. To match the value however, it has everything just right. The building, for instance portrays elegance and power just from a glance. What is, however, more breathtaking is the inside of the house. It has the best of everything; ample space, necessary appliances, up-to-date technology, and the best supporting staff to ensure the owner lives like the palace the castle is. Security is also quite tight and reliable.

5. Fairfield in Sagaponack, New York

This is not only one of the most expensive homes in the world; owned by Ira Rennert, but one of the most beautiful too. Its beauty and glamor is however best enjoyed from above. Its current value stands at $248,000,000. The home itself is very big and it takes up most of the compound’s space but very strategically. It hosts 29 bedrooms and a ton of other necessities as well as convenient rooms. It is a bright brown and white from afar, colors both of which leak of elegance. The compound on the other hand is very well partitioned and maintained as it also harbors other facilities and pleasures like parking space, swimming pools, gardens, and plantations and others. In addition to the serene compound, the house also faces the beach, enjoying the best of nature too.

4. The White House, Washington DC

It is one of the most significant and protected homes in the world, but not the most expensive. It is nonetheless one of the most expensive ones with a current value of $320,364,354. It has the best of everything really, from amenities and resources to appliances and security. Even nature is subject to some degree of control here. The one unique thing about it however is that unlike the other most expensive homes in the world, buying this home is out of the question. There is only one way in.

3. The Villa Leopolda, France

This is one of the most expensive homes globally, but the most expensive in Europe. It sits on 20 acres of land and is currently worth $506,000,000. A calm and serene environment surrounds it with trees, taking up most of the space set aside for nature. The compound, just like the inside, hosts some great resources and facilities like a swimming pool and a garden to relax in and enjoy the fresh and clean air. The inside too matches the outside in looks and quality. Other aspects like security too are guaranteed.

2. Antilla, Mumbai

This 27-floor tower hovering on the city of Mumbai and worth $1,000,000,000 (1 billion) is one single home. It is not only made with some of the best materials in the industry, it also hosts some of the best and most uniquely bizarre personal collections in the world; the owner’s collection of antique sewing machines for example. Albeit it is a single home, it requires the services of over 600 staff workers to keep on running smoothly on a daily basis. The most noticeable feature about it is that it has a parking space with the capacity to hold about 168 cars, making the chances of at least stepping in as a guest wider.

1. Buckingham Palace

This house tops the list of the most expensive homes in the world standing at $1,560,000,000. Perhaps the most significant feature about it other than the glamour and glory of its status, is its age. All in all, the home is made out of the best stone and construction, and it seems to have survived the years pretty well, without a scratch even. The compound too is not only big, but also plentiful as it hosts some of the best sceneries and the gifts of nature like flowers. A towering statue built just in front of the home; however seems to get all the attention at the first glance and for all the right reasons too since it lacks of among other things power.
All in all, those are the seven most expensive homes in the world, believe it or not.