How to Choose Building Materials and Estimate their Cost and Quantities for House Construction?

Building material is any material which is used for the construction purposes. Building materials can be categorized into two sources, natural and synthetic. In order to construct a good quality house in the amount you have budgeted, a thorough understanding of the quality parameters, cost and quantities of these building materials are required.

The cost of construction depends majorly on the following factors:

  1. Architectural Design opted (like Open Top, Sloped Roofs, terraces with add-on features etc.,)
  2. Structural Design (depends upon type of strata available for foundation and numbers of floors / configurations (basement, stilt,G+2 etc.)
  3. Specification of Building materials selected (Quality/Brand of materials used for painting, flooring, woodwork, Bathroom, Electrical etc.)
  4. Exterior Finish chosen (i.e. front elevation design, stone cladding, facade, etc.)
  5. Peripheral external developments (such as compound wall, driveway, landscape, hardscape, Gate etc,).

The other minor cost head would be cost of liaison, charges for construction permits & building approvals.

The Construction cost can be broadly split into Labor and Material Cost. The extremely increasing construction trends are considered the driving force behind this fast upraise of total building construction costs. Taking this trend, the material manufactures have raised the prices of materials considerably in last decade or so.

Before planning for a bungalow/individual construction unit, one must be aware of the quantities and cost of building materials as they constitute around 55-60% of the total construction cost of a house. While taking a personal round of the nearby market, one should also avail services of construction turnkey solution providers and then take a judicious decision before the start of the construction.

Refer the info graphic attached in the article to get the building material consumption and their costs for a 1000 Sqft budget house construction. The material quantities can be extrapolated based on the built up area of construction you are planning for.

The Major raw material, intermediately and finished construction materials contributing major pie to overall material cost are:

1. Reinforcing Bars(Rebars) / Steel:

Reinforcement steel is the most important structural material in construction. Steel is used in RCC (Reinforcement cement concrete). Generally rebars available in the market are manufactured through Thermo mechanical treatment (TMT). Rebars comes in different grades (i.e, Fe415, Fe500, etc.,). Fe500 is generally recommended by structural designer for structural requirement fulfillment.

The approximate Steel consumption per sq.ft built up area (BUA) is 4 kg (for low rise construction i.e., less than 4 floors of construction). Steel contributes the most among all individual materials, about 25% of total material cost. So, a price rise of Rs.5 per kg can make big difference in the total cost of construction.

2. Cement:

Cement is an important construction material and when mixed with materials like sand, aggregates (stone chips), and water, it binds them together. It is used in concrete, in brick masonry work, in tiling, and in plaster works.

Good quality cement should feel smooth when rubbed between fingers. If a small quantity of cement is thrown into a bucket of water it should sink and not float. Cement should always be kept free from moisture. Its storage should have finished floor raised to at least 300mm above ground level and should have airtight storage. Use of cement older than 2 months should be avoided as cement loses strength with increase in its shelf life.

OPC 53 grade is generally used for concrete works and blended cement (PPC & PSC) for masonry, tiling and plaster works.

The approximate cement consumption per Sq.ft built up area (bua) is 0.4 bags. Cement as a construction material contributes about 16% of total material cost.

3. Sand:

Sand is used mainly in Concrete, Masonry, Plaster and Flooring. Good sand should be well graded i.e., particle size ranging from 10mm to 0.150 mm for concrete and masonry works, and 5mm to 0.150 for plaster. It should be free from slit/clay and organic matter.

Natural Sand (also called River Sand) is obtained from River Beds. Due to environmental impacts and stringent laws by the government, Natural sand is slowly and gradually being replaced by Crushed sand (for concrete and masonry works) & Plaster sand (for plaster works). Crushed Sand and Plaster Sand are manufactured from Quarry Stone using latest production technology.

Sand consumption per sq.ft built up area (bua) is 1.8 cft and contributes about 12% of total material cost for building construction.

4. Aggregate:

Crushed rocks are used as coarse aggregates and are generally used in making concrete. Coarse aggregates are normally available in two fractions 20mm and 10mm for concrete making.

Aggregates should be clean, dense & hard. The aggregate should be neither flaky nor elongated. Flaky and Elongated aggregates decrease the strength of the concrete and demands more cement. Aggregates should be stored properly and different fractions must not be intermixed. Both these aggregate fractions should be used invariably.

Coarse aggregate (chips/gravel) consumption per sq.ft built up area (bua) is 1.35 cft. Aggregate as a construction material contributes about 8% of total material cost.

5. Bricks:

Bricks, in old days, were commonly made of clay and were known as burnt clay bricks. Now a days, bricks are made of other materials such as fly ash. But clay bricks are still widely used in low rise residential constructions today. Bricks are used for masonry wall construction. Other substitute materials to bricks are Concrete solid/hollow blocks, Autoclaves Aerated Concrete (AAC) Blocks and Cellular light weight concrete CLC Blocks.

The clay bricks should have uniform size, uniform copper color, plain (without undulated surfaces), rectangular surfaces with parallel sides and sharp straight edges. Well burnt brick should give a metallic sound when struck with other brick. Good bricks should not exceed +/- 3 mm tolerances in length and +/- 1.5 mm tolerances in width and height. Water absorption should not exceed 20% by weight.

Bricks approximately cost Rs.7000 per 1000 units (Nos). Bricks contribute to about 5% of total material cost and are consumed approximately at 1.45 brick per sqft of built up area (BUA).

6. Tiles:

Ceramic tiles are generally made from red or white clay fired in a kiln. They are finished with a durable glaze which carries the color and design. Ceramic tiles are manufactured for both wall and floor, having varying degrees of wear resistance and water absorption. High strength and Low water absorption ceramic floor tiles are commonly known as Vitrified tiles. Tiles prices vary according to their types and quality.

Tile should be easy to clean, strong, sturdy and stain resistant. Tiles in wet area like bathroom should be of anti-skid floor type.

Tiles consumption per sq.ft built up area (BUA) is 1.3 sq.ft. Tiles contribute about 8.0% of total material cost.

7. Paints:

Paints can be broadly classified into water based or solvent based. They come in thousands of shades and gives multiples finishes like Matt, satin and glossy finish. Certain Paints also have washables, anti-algae/fungal, crack bridging properties.

When selecting an interior paint, try choosing water-based paint instead of oil-based gloss paint. Water-based paints have less odor than conventional oil-based paints.They are much easier to clean up and are durable.

When selecting an external paint look for waterproofing, anti-algae, and dirt pick resistance properties.

Paints (Internal- Emulsion and external grade) consumption per sq.ft built up area (BUA) is 0.18 liter (0.14 liter for internal painting and 0.4 for external painting).

Paints contribute about 4.1% of total material cost.

The Finishers (Bricks, Tiles, and Paints) collectively contribute 16.5% of total material cost.

8. Fittings Category:

Window, Door, CP Fittings, Sanitary wares, Plumbing and Electrical fittings when combined contribute to 23% of total material cost considering budget brands. Top brand options may increase this category cost to 30 – 35% of the total cost of construction. Fittings can be selected based on one’s requirements and choice. In branded fittings quality should not be a concern.

Conclusion:

Other than estimating the cost and quantities of construction materials, one should also have knowledge of current labor cost in local markets. This is because the labor component constitutes to 40-45% of the total cost of construction of a house. An unskilled labor charges Rs. 350 to 400 per day whereas skilled labor such as mason, carpenter, painter, electrician etc., charges between Rs. 800 to 1000 per day. The total cost of construction (including both design, material and labor) per square feet may vary anywhere between Rs.1250 and Rs.2500 per square feet depending on the specifications of the building materials you choose for you house.

Now that you have the total cost of construction, you can start sourcing the funds required for the project. Your source might be personal savings or loan from banks/ friends. Although this sounds like a naive step, lack of resources during construction might sometime over shoot the budget. Contractors will charge for De / Re-Mobilization. Some of the construction materials like Cement etc., might expire/loose its strength if the project is delayed by long. So sourcing the funding before the start of the project is just as important step as any other. A detailed cash flow for purchasing construction materials has been shown in the info-graphic to ensure smooth construction flow with time.

This is a guest post by Vinod Kumar Singh

Dual Nature – Use your Facebook profile to sell your property

Some people find it very useful to create a new Facebook profile for the sale of their real estate. However, if you already have friends and family members who are also contacts, you can choose the profile they have already copied. In any case, it is easy to create a Facebook profile to develop your real estate business, but it requires some thought.

Unfortunately, Facebook is not yet at the point where you can automatically designate specific posts or apps as not to share. If your wall is open to the public or your news feed, you can make sure everything posted is user friendly. It can mean censoring your friends and friends. contributions to your Facebook profile.

Setting the privacy controls on your Facebook account will help you double-count for customers and friends. Depending on the nature of your contacts, you can designate certain areas as "some friends only" and similarly restrict who can contact you in different ways.

Deciding whether or not to open your entire profile to the world depends on your accessibility. You can always ask a customer as a friend or give him your Facebook details to ask you. However, if you want people to access your real estate information on Facebook, it may be wise for companies to wisely open some key elements of your profile to the public.

Your basic information is probably something you should keep for a group of friends of choice. Your clients do not need preconceptions about you based on what they read about your sexual preferences, your religion, or your political views. Unless you sell real estate only to people of a certain religion, knowing that you are a passionate supporter of the Flying Spaghetti Monster, you risk seeing you pass by you, even if you are not actively proselytized.

Your profile photos are a good thing to leave open, but make sure they are simple and professional. Do not post pictures of your family, your dog, or your woodchuck farm. Your customers like to see a clear picture of you in order to recognize you. You can insert a photo or two of your family into a different album (some people like to feel connected to their real estate agent), but do not overdo it.

Applications are difficult. Consider not adding too much frivolity. If you absolutely need it, put it at the bottom of your Facebook page, where only the most determined ones go. And, whatever you do, do not use them to contact customers. Attacking someone with your zombie is not usually a good way to give a professional impression. Applications can also work for you if you install some good ones, so take the time to check them out.

Your wall may be better hidden. Many spammers will use the wall to place ads or scams by phishing. Also, if your friends are using your wall, it will not look professional if they post such messages as "UR so hawt! You want to see you soon, sweetcakez!" Use your own discretion. Keep in mind that customers can still use the Message feature to send you private messages in your inbox.

Keep an eye on your photo albums and keep them on your friends list. Real estate albums that you want to keep open to the public. Make sure each photo is properly labeled and receives some kind of information. A link to your current website&39;s list is good, but including as much information as possible can make a photo a better tool for getting people to your website.

The search function can be changed to display as much information as you want. Since you use this profile as a professional tool, you will probably want people to be able to contact you. Set Search Visibility to Everyone, create a public search list, and allow people to search for information about you and send you messages.

Your news feed and your mini feed that you should keep open. Every time you change something on your profile, it will be noted and will be a great way to let people know what you are doing with your property without actually bothering them with direct messages. This can be modified to show people certain actions and hide certain actions. Play with Facebook&39;s privacy controls to find the best combination. It is here that you can hide the updates of personal information that customers should not see.

Use the Privacy Applications section to restrict the display of everything you do not want people to see. It&39;s up to you to decide if they would benefit from knowing which groups you belong to or which events you were invited to.

Examine your Facebook profile from a customer&39;s point of view. Block anything that might leave them with a negative impression, but leave them enough so that they have a clear idea of ​​your approach to your business. Facebook is a growing social networking site, enhanced by an easy-to-use, professional-quality presentation. This can certainly be a valuable tool when it is used to enhance a professional image.

Lead Generation Program in Real Estate – Why Invest in One?

As a real estate agent, you know that other agents operate online services and lead generation programs. But is it for you? Are the leads of sufficient quality? Is it worth the expense? If you are looking for reasons that motivate you to invest in an online lead generation program for real estate, keep reading.

Tap on the online market

Most potential customers start their search for real estate information online. Whether owners are looking for the real value of their home or potential buyers are browsing the MLS listings, they are on the market.

Most Lead programs work by collecting Web visitors & 39; contact information when they request a free evaluation of their home, search for a list or subscribe to a newsletter. This contact information is then sent to you.

Locate your tracks

Since the complete contact information of a prospect is collected, most companies are able to filter incoming leads and only send you leads that sell or buy in your target area.

So, instead of targeting a large network over the Internet, you locate prospects and get prospects who are more likely to buy or sell in your area.

Target your prospection

Rather than making impromptu calls, knocking on doors or sending letters, these leads are targeted and quality leads. The contacts generated by most of these systems are people actively seeking information about real estate, agents or the prospect of selling or buying a home.

This targeted lead generation is efficient and profitable.

Pay for the leads you use

All lead generation programs do not do this, but some offer a program in which you can see partial information about leads and then you choose the type of leads you want to buy.

So, instead of paying for prospects you do not care about, you can pick the ones you really want and pay as you go.

Win time

If you are a busy real estate agent, you may not have the time to focus on lead generation and prospecting. A good agent should devote at least 30 to 60 minutes each day to prospecting. If you do not have this time, why not let a lead generation service do some of the work for you?

Therefore, if you are still aware of real estate online lead generation services, know that they can save you time, be more profitable, target your prospecting, locate your search and allow you to take advantage of the market. online. can miss.

The duty of confidentiality in the real estate

In any registration agreement, the attorney relationship ends at a particular point in time.

A sales contract, as we know, is nothing more than a contract between the legitimate owner of an interest in land (the "principal") and a duly authorized real estate company (the "agent"), by which the company stipulates and agrees to find, within the time limits, a buyer who is ready, willing and able to acquire the interest in the land subject to the contract while acting within the limits of the authority that the donor of order confers on the agent, and in which the title holder stipulates and agrees to pay a commission if the licensee manages to find that buyer.

As in all contracts, a quotation agreement implicitly implies an element generally recognized in law as an "implicit commitment in good faith and loyal relationships". This clause is a general assumption of the law that the parties to the contract – in this case, the title holder and the licensed real estate company – will treat each other fairly and will not be subject to damages by breaking their words. . or otherwise violate their respective contractual and mutual obligations, express and implied. A breach of this implied term engages liability in both contract law and in tort.

Because of the special nature of a registration agreement, the courts have long held that, during the term of the agency relationship, the contract involved a second element arising from the many duties and responsibilities of the agent to the principal. : a duty of confidentiality, which requires an agent acting exclusively for a seller or a buyer, or a dual agent acting for both parties under the terms of a dual agency contract limited, to keep confidential certain information provided by the donor. As with the implicit undertaking of good faith and fair dealing, a breach of this duty of confidentiality incurs its liability in both contract law and in tort.

Following a recent decision of the Real Estate Council of British Columbia (http://www.recbc.ca/), as the regulatory body is mandated to protect the public interest in real estate matters, the question arises as to whether the duty of confidentiality applies beyond the expiry or termination of the contract of sale.

In a recent case, the Real Estate Council has reprimanded two licensees and a real estate company for breach of a duty of continued confidentiality, which, according to the Real Estate Council, was due to the seller of a property. In this case, the property in question has been registered for sale for more than two years. During the term of the registration agreement, the price of the property was reduced twice. Nevertheless, the property was ultimately not sold and the list has expired.

After the expiry of the list, the seller has entered into three separate "commission agreements" with the real estate company. On all three occasions, the seller refused to use an agency and the company was identified as a "buyer agent" in these compensation arrangements. A party has filed a lawsuit against the seller for the property in question.

The attorney representing the plaintiff went to the real estate company and asked him to provide affidavits containing information on the property list. This lawyer made it very clear that if the firm did not voluntarily provide the affidavits, he would assign the firm and the licensees to testify in order to testify before the judge, or obtain an order of the court under the Court rules require the company to provide such evidence. Believing that there was no other choice in the matter, the real estate company quickly complied with the required affidavits.

As a direct and immediate consequence, the seller filed a complaint with the Real Estate Board stating that the information contained in the affidavits was "confidential" and that the company had breached an obligation of confidentiality towards the seller. It turned out that the affidavits were never used in court proceedings.

The real estate broker, for his part, has adopted the following position: any obligation of confidentiality resulting from the agent&39;s relationship ends when the sales contract expires. The company further argued that even if there was an obligation of continuing confidentiality, this obligation would not prevent or otherwise limit the evidence that the real estate broker would be compelled to give under a subpoena or as part of a procedure under the law. Court rules. Finally, the real estate company pointed out that there was no real estate agent-client privilege and that in this case the Seller could not have prevented the firm from providing evidence in the suit.

The Real Estate Board did not accept the line of defense and maintained that there was a continuing duty of confidentiality that expands after the expiry of the sales contract. The board held that by providing the affidavits, the brokerage and the two licensees had breached this requirement.

The solicitor-client privilege is a legal concept that protects communications between a client and his or her lawyer and maintains the confidentiality of such communications. The solicitor-client privilege is limited, such as the fact that the privilege protects the confidential communication but not the underlying information. For example, if a customer has previously disclosed confidential information to a third party who is not a lawyer, then gives the same information to a lawyer, the solicitor-client privilege will always protect the communication addressed to him, but will not protect the information provided to the third party.

For this reason, an analogy can be established in the case of a real estate agent-client privilege during the existence of a registration agreement, whereby confidential information is disclosed to a third party. party such as a real estate board for the purpose of publication under the terms of a multiple offer. Service contract, but not before this information is disclosed to the real estate broker. In that case, the privilege would theoretically protect the confidential communication as well as the underlying information.

And as to whether the duty of confidentiality goes beyond the termination of a registration contract is still open to debate, again, in the case of solicitor-client privilege, there is a sufficient legal authority to support the position that such a privilege the facts extend indefinitely, so that an analogy can also be inferred regarding the duration of the duty of confidentiality that the agent owes to the seller , to the extent that this obligation extends indefinitely.

In summary, this appears to be the position taken by the BC Real Estate Board in this case.

Clearly, the fact that the duty of confidentiality resulting from a registration agreement persists after the termination of the contract is problematic for the real estate profession in terms of practical applications. If, for example, a registration to broker A expires and the seller is re-registered to broker B, there is a confidentiality obligation incumbent on broker A, in the absence of the seller&39;s express consent, an agent Brokerage A could not act as the buyer&39;s agent for the purchase of the seller&39;s property, if it was re-registered by Brokerage B. All these conditions would therefore be contrary to all the rules of the cooperation between real estate. companies and their representatives. In fact, this process could potentially destabilize the entire base of the multiple listing service system.

In the absence of specific guidelines, until this whole matter is cleared up, the best possible remedy for real estate companies and licensees when a lawyer asks him to provide confidential information is to answer that the brokerage seek the necessary consent. of the client and, if this consent is not obtained, that the lawyer must take the necessary legal measures to compel the disclosure of this information.

Simple Geography Of Aurora Illinois – Real Estate Information for Buyers

The city of Aurora, Illinois has many areas that are ideal for homebuyers of all types. It is this exceptional choice in types, styles and prices of homes in Aurora that makes it a very good location for real estate. In Aurora, Illinois, buyers will find representative examples of almost every major home style, from Queen Anne to Neo Classical, as well as all sizes and types of homes, studio condos to domains.

One of the best features of the Aurora area is perhaps the extreme value of many of its homes. While the average price of a home in the United States currently hovers around $ 250,000, the average house price in Aurora averages around $ 230,000. If you are a home buyer buying your next home in Aurora, it is important to understand the layout of the city to help you in your search.

Aurora Illinois is divided into two main areas – the eastern and western parts, both separated by the Fox River, located in the center of the city. Both areas have historic neighborhoods and houses listed on the National Register of Historic Places. The reputable residential historic districts of Aurora include the Palace, Tanner, Riddle Highlands and the Near Westside Historic District on the west side and the Near Eastside Historic District on the east side of the city. The Fox River dominates the center of the city and includes the business district of Aurora City. This is centered on the island of Stolp as well as along both banks of the river.

The western part of Aurora includes several well-known areas, including Aurora University, centered around the institution of the same name. The west side also serves as a starting point for the Randall Road Corridor leading north to some of the region&39;s largest shopping districts. The far west of the city is dominated by new communities of origin and also includes the Orchard Valley golf course, as well as several hiking and biking trails, including the Virgil Gilman Trail and part of Illinois Prairie Road. School District 129 and West Aurora High School constitute the primary school district on the west side, as well as the majority of postcode 60506.

The east side of Aurora is almost double the size of the west side and is usually divided into two parts: the "almost" side is, closer to the center of the city, and the "extreme" side, closer to the mall Fox Valley. The "near" side is almost entirely made up of postal code 60505, while the "extreme" side contains 60505 and the majority of postcodes 60502, 60503 and 60504. The whole of the east side includes several well-known areas, including Pigeon Hill, Oakhurst, Stonebridge, as well as several large townhouse and condominium complexes. The eastern portion of the Aurora is comprised primarily of residential areas, including several new residential developments and active adult communities. It is also home to the Stonebridge Country Club and School Districts 131 and 204.

The downtown area of ​​Aurora City consists primarily of business districts, including those on Stolp Island and the east and west banks of the Fox River. If you are looking for commercial real estate, this area includes many options for all types of industries. The area has excellent local transportation avenues, including an METRA metro station located to the east, as well as convenient access to the Regan toll motorway.

Understanding real estate in Aurora usually requires the help of a local real estate expert. You can find the best deals and the best houses in all Aurora neighborhoods, but helping buyers know where to look is an important part of what your local realtor can help you with. Due to the wide range of price ranges and styles of homes, it is extremely important to help buyers make their choices based on their needs. If you are just starting your search for a home in Aurora, it is advisable to contact your local real estate professional to find out how to get started.

Real estate agents and the Internet – How to buy and sell a property today

So now

Ten years ago, searching for a real estate property would have started in the offices of a local real estate agent or simply driving in town. In the agent&39;s office, you would spend an afternoon browsing the pages of the active Multiple Listing Service (MLS) property listings. After choosing the properties that interest you, you will spend many weeks visiting each property until you find the right one. Finding market data that allows you to estimate the asking price would take more time and lead to a lot more driving, and you might not be able to find all the information you needed to really feel at home. with a fair market value.

Today, most property searches start on the Internet. A quick Google search by keyword will get you thousands of results. If you spot a property of interest on a real estate website, you can usually view photos online and maybe even take a virtual tour. You can then visit other websites, such as the local county appraiser, to get an idea of ​​the value of the property, see what the current owner has paid for the property, check the property taxes , get census data, school information, and even check which stores are within walking distance-all without leaving your house!

Although Internet resources are practical and useful, their correct use can be difficult because of the volume of information and the difficulty in verifying their accuracy. At the time of writing, 2,670,000 websites have been accessed. Even a neighborhood-specific real estate search can easily return thousands of websites. With so many resources online, how does an investor use them effectively without getting bogged down or ending up with incomplete or erroneous information? Believe it or not, understanding the offline operation of the real estate industry makes it easier to understand real estate information and strategies online.

Real estate business

Real estate is usually purchased and sold either through a chartered real estate agent or directly by the owner. The vast majority is bought and sold through real estate brokers. (We use the terms "agent" and "broker" to refer to the same professional.) This is due to their knowledge and experience in real estate and, at least historically, their exclusive access to a database. assets for sale. Accessing this database of property listings is the most effective way to search for properties.

MLS (and CIE)

The database of residential, property and lower income properties (including some commercial properties) is commonly referred to as a multi-list service (MLS). In most cases, only the properties listed by the member real estate agents can be added to an MLS system. The main purpose of an MLS is to allow member real estate agents to offer offsets to other member agents if they find a buyer for a property.

These objectives did not include the ability to directly publish MLS information to the public; the weather changes. Today, most MLS information is directly accessible to the public on the Internet in different forms.

Commercial property listings are also posted online, but aggregated information on commercial properties is more difficult to pin down. Larger MLSs often exploit a trade information exchange (CIE). A CIE is similar to an MLS but agents who add lists to the database are not required to offer a specific type of compensation to other members. Compensation is negotiated outside the CIE.

In most cases, the properties for sale by the owner can not be directly added to an MLS or CIE, which are generally managed by broker associations. The lack of a centralized managed database can make these properties more difficult to locate. Traditionally, these properties are found by driving or looking for ads in the real estate listings of the local newspaper. A more efficient way of locating properties for sale by owner is to search for a website for sale by owner in the geographic area.

What&39;s a real estate agent? Sometimes the terms real estate agent and real estate agent are used interchangeably; However, they are not the same. A real estate agent is a chartered real estate agent who is also a member of the NATIONAL ASSOCIATION OF REAL ESTATE AGENTS. REALTORS AGENTS are required to comply with a code of ethics and strict conduct.

Information on MLS and CIE properties was traditionally available only in hard copy and, as we mentioned, only accessible directly to real estate agents members of an MLS or a CIE . About ten years ago, this valuable property information began to spread on the Internet. This net is now a flood!

One reason is that most of the nearly 1 million REALTORS have websites and most of these websites display varying amounts of information about local MLS or CIE properties. Another reason is that many websites that do not offer real estate agents also offer real estate information, including sites for sale by the owner, foreclosure sites, regional and international SEO sites county appraisers, as well as valuation and market information. sites. The flow of real estate information on the Internet makes information more accessible, but also more confusing and subject to misunderstanding and misuse.

Real estate agents

Despite the flow of real estate information on the Internet, most properties are still sold directly through real estate agents listing properties in the MLS or local CIE. However, these property lists are no longer local. By its nature, the Internet is a global market and local MLS and CIE listings are normally broadcast for display on many websites. For example, many go to the website of the NATIONAL ASSOCIATION OF REAL ESTATE AGENTS, http://www.realtor.com and on the website of the local real estate agent. In addition, the list can be posted on the website of a local newspaper. In essence, the Internet is just another form of marketing offered by today&39;s real estate agent, but its reach is much broader than that of old print advertising.

In addition to Internet marketing, listing agents can also help the seller establish a price, hold open houses, keep the seller informed of offers and interested buyers, negotiate the contract and assist in closing. When an agent provides all these services, we are talking about a complete service list system. Although full service agreements are the most common type of arrangement, they are no longer the only option.

Technological changes in the real estate sector have led many agents to change the way they work. In large part, this is due to the instant access that most consumers now have to the list of properties and other information about real estate. In addition, the Internet and other technologies have automated much of the initial real estate marketing and research process. For example, consumers can view properties online and request information via email. Brokers can use automated programs to send consumers lists that meet their ownership criteria. Thus, some agents now limit the services they offer and modify their fees accordingly. An agent may propose to advertise the property in MLS but provide only limited additional services. In the future, some real estate agents could offer more à la carte services.

Due to the volume of real estate information on the Internet, people who are hiring a realtor today have to consider the particular services offered by the agent and the depth of their experience and knowledge in the sector. real estate concerned. It&39;s not just about accessing property information. Buyers and sellers have historically found agents through references from friends and family members. The Internet now offers ways to directly find qualified agents or search the biography of an agent referred to you offline. One of these sites, AgentWorld.com, is quickly becoming the LinkedIn or Facebook site of Realtors. On this site, an agent can personalize his profile, create a blog, post photos and videos and even create a free link to his website. Once unique content is added to their profile page, search engines notice it!

Some have argued that the Internet makes real estate agents and MLS less relevant. We believe this will be wrong in the long run. This may change the role of the agent but will make real estate agents knowledgeable, skilled and professional more relevant than ever. In fact, the number of real estate agents has increased significantly in recent years. No wonder, the Internet has made local real estate a global business. In addition, whether or not it is the Internet, the fact remains that the purchase of real estate is the most important purchase that most people make in their lives (or, for many investors, the most important multiple purchase of their lives) and seek the help of an expert. As for MLS, it remains the most reliable source of real estate listings and information sold available and continues to allow the effective marketing of properties. So, what is the function of all real estate information online?

Online real estate information is an excellent search tool for buyers and sellers, as well as a marketing tool for sellers. When they are used properly, buyers can save time by quickly searching for properties and ultimately making better investment decisions. Salespeople can perform effective research in the market and make informed decisions regarding the recruitment of an agent and the online marketing of their properties. The next step is knowing where to look online for some of the best resources.
Internet Strategies

In the following sections, we provide strategies and tips on how to use the Internet to locate the properties for sale and on the relevant search information for your decision to buy the property. There are many real estate web sites to choose from and although we did not intend to approve a particular website in any way, we found that the ones listed here were good resources in most cases or were so popular that They deserved to be mentioned. One way to test the accuracy of a website is to search for information about a property you already own.

Find a property for sale

Despite widely available access to real estate listings, many believe that MLS databases continue to offer the most complete and accurate source of real estate information. Most MLS now distribute content on other websites (operated primarily by real estate agents). The national NAR website, realtor.com, is also a great starting point for content created by MLS. It is also the most popular website for searching real estate listings. Virtually all local and regional MLS have an agreement with realtor.com to display a large portion of their active listing inventory.

Some local and regional MLS systems also have a publicly accessible website. However, to get complete information, you will probably still need to find a qualified local real estate agent. Many local real estate agents will also provide their clients (via email) with new listings that will be entered into the MLS and match their pre-defined criteria. This can be very useful for a busy buyer.

There are also many websites that display both properties listed by real estate agents and properties for sale by the owner. Zillow.com and trulia.com are among the most popular websites. These sites also offer other services. For example, zillow.com is best known for its instant property evaluation feature and trulia.com for its historical information. State-owned, regional and local websites associated with brokerage firms are another source of property for sale. for example, remax.com or prudential.com. Search engines such as yahoo.com and classified ad sites such as craigslist.com also have a large number of active real estate listings.

An essential difference between these sites is the amount of information that you can access anonymously. For example, on trulia.com, you can make purchases anonymously up to a certain point, but then you will need to click on the agent&39;s website for more information. Many new real estate search engines allow you to sift ads without having to fill out a form. The best strategy is to browse through some of the sites listed above to find interesting geographic areas or price ranges. Once you&39;re serious about a property, it&39;s time to find a qualified real estate agent of your choice to complete a search in the local MLS.

In addition, it&39;s never a bad idea to look old-fashioned by browsing the neighborhoods that interest you. Nothing can replace physically, and not virtually, not when you make a serious investment decision. In this sense, real estate is still a very local activity and standing in front of the building can give rise to a decision very different from that of posting a printed web page.

Valuing the real estate

As we have mentioned, one of the most popular real estate tools is the instant valuation of the zillow.com property. Just type an address and you get a property value. It even indicates price fluctuations and indicates the last date of sale (including price) and property taxes. There are other sites offering similar tools, such as housevalues.com and homegain.com. Unfortunately, many people only use these estimated values ​​to justify selling prices, offers and counter-offers. However, it is only approximate estimates based on a formula that incorporates local county sales information. These estimates can fluctuate dramatically over a short period of time and do not always seem to follow actual market developments, which are normally more gradual. In addition, these estimates do not automatically take into account property renovations or renovations, or other local or property-specific changes. This does not mean that these sites are not useful. In fact, they are excellent starting points and can often be a safe bet.

To get a more accurate value for a particular property, there are other more reliable strategies. One is to go directly to your country&39;s website. Most often, the county&39;s evaluation area of ​​the website provides information on sales and taxes for all county properties. If you want to search for a particular property or compare selling prices for comparable properties, the sites of local appraisers are really helpful. When you visit a county&39;s website, you get information directly from the source. Today, most counties publish property information on their websites. Many times, you can not only see the price paid by a previous owner, but also the taxable value, property taxes and cards. Some county appraisers have also added a market and property appraisal tool.

Given the importance of valuation for investing, we will also remind you of the two most important valuation methods (excluding the Internet): real estate agents and appraisers. Working with a local real estate agent is a precise and effective way to get information about the values ​​of a property. Although one of the main objectives of MLS is to market the active property listings of its members, the system also collects information on the sales of these listings. REALTOR® members can extract this sales information and produce comparable market analyzes (sometimes referred to as CMAs) that provide excellent insight into the value of a particular property for the market in a given region.

Finally, the most accurate way to value a property is to entrust an assessment to a chartered appraiser. An appraiser typically reviews the information sold in the MLS system as well as county information and then analyzes it to produce an assessment of the property based on one or more approved appraisal methods. These valuation methods may include a comparison of similar properties adjusted for property differences, determining the cost of replacing the property or, with a property generating income, determining a value based on the income generated from the property.

The neighborhood

The Internet can help you in different ways to get the scoop on a particular neighborhood. For example, census data can be found at census.gov. You can also view neighborhood information on sites such as outside.in or check local blogs. A blog is a website where people discuss topics by posting and responding to messages. Start by looking at placeblogger.com and kcnn.org/citymediasites.com for a blog directory. Trulia.com has a "Heat Map" that shows how hot or cold your neighborhood is based on price, sales, or popularity of site users.

schools

When it comes to selling family-friendly residential or rental properties, the quality of the school district in the area makes all the difference. There are many websites devoted to school information. Check out greatschools.net or schoolmatters.com. Most school districts also have their own website. These sites contain various information about public schools and the school district, including demographic information, test scores, and parent assessments.

Find the right real estate agent

Websites that allow real estate agents to market their local expertise and knowledge by posting their professional profiles and establishing a social network with blogs have recently been added to the Internet boom of real estate information. You can search for an agent with expertise, a geographic area of ​​specialization, or an agent with specific services. The AgentWorld.com website allows users to quickly and easily find an agent with the right skills by using keyword searches and clean and simple agent profiles. AgentWorld.com also allows agents to publish personalized blogs, photos, and videos to help consumers find the best agent for their needs. In addition, many agent profiles include a direct link to the agent&39;s website where you will likely find local MLS listings.

Maps and other tools

The Internet has greatly facilitated the mapping and location of properties. To get an aerial view or a satellite image of a property or neighborhood, go to maps.live.com or maps.google.com or visit promenades.com to see how accessible a property is walk. These sites can give you an idea of ​​the neighborhood features and types of entertainment, restaurants and other facilities within walking distance of the property. Maps.Live.com provides an angled view so you can see the sides of the houses and Maps.Google even gives you a 360 degree view at street level for some neighborhoods. If you have not tried one of these websites, you should do it, if only to keep you entertained.

Final Thoughts on Internet Strategies

Internet is a very effective search and marketing tool for real estate investors but does not replace an experienced and knowledgeable real estate professional. The internet can save you time and money by allowing quick and easy searches on property and marketing options. Sites like AgentWorld.com also help you find a real estate agent that meets your buying or selling needs.

Always remember, when it comes to Internet strategies for real estate: More knowledge, better it is. You must use the Internet to create your knowledge base on a target property or to find a real estate agent with the expertise you need. However, great caution is to not replace the Internet with the judgment and the human point of view, by the expert advice or due diligence – key to successful investments.

Real estate magazines offer the latest market information and more

Families or individuals are looking for a place to live where they often take real estate reviews. This gives the potential investor a place to browse and dream about this special home. Any property for sale is likely to appear in magazines. While some real estate companies have these books with only their properties, there are other magazines that contain almost all real estate listings from a given region.

Over time, there are also listings of rentals such as apartments and condominiums. This is consistent with the current trends that some people are following to try a sector before making a long-term investment.

How many of us have chosen one of the books on the property and reserved pages, surrounding houses that spark a spark of enthusiasm? I know I did that and even found houses that I had the slightest idea of ​​buying. The next thing I knew was that I was looking for opportunities to get a dream house or a caretaker&39;s house.

Maybe both are combined into one. The fact is that when we dare to dream after the publication of real estate magazines, we also dare to take risks. The calculated risks can be pleasant. For those of us who like to turn a toad into a prince of a house, the opportunities are there.

Before getting in the car and running to the house you want to take a closer look, make sure to have your ducks lined up. In real estate magazines, prices are usually quoted. Is the price in your ability to pay? If so, and you want to check the place, why not take a look at it. If you are unsure of affordability, take a look at all possible resources before asking to see a home. This makes it easier for you to make decisions and allows you to progress more easily.

Timing can be almost anything, on a very good find. Besides the options of buying in magazines, there are other possible resources. Real estate magazines can cover all kinds of topics such as the latest market trends, investment options, interest estimators and more. There are sources for sites around the world. Online zines offer many options for real estate training, purchase information, tutorials, and more. It is possible to acquire a lot of education in this format.

Is the latest information on real estate really available?

It is generally misunderstood that real estate agents and multi-agency services (MLS) available online provide the most reliable and timely information on the current state of any local real estate market. While it is true that members of the profession have a good understanding of overall sales trends and price movements, they rely on outdated information based on past trends in sales of comparable properties in the US. vast market areas. However, what is true for the office rental market (at the macro level) may not necessarily be for the small market (at the micro level). And usually that&39;s not it.

Factors that affect housing prices, such as employment and income growth, may differ significantly from one neighborhood to another in a larger housing market, which would have hence different impacts on future demand and housing value between larger markets and blocks.

As a result, real estate agents and web-based MSLs, such as RealtorTrack.com and Zillow.com, rely on market trends and use price reference prices to reflect speculative demand. other non-essential demand drivers, do not provide accurate information about the state of housing in a small local area. In addition, they can not offer any information on future price developments for a particular market, hyper local market or census group.

However, tools have been developed as an analytical tool providing reliable information about ongoing changes at the block (neighborhood) level. The Home Value Predictor is also the only online tool available providing information on future price movements in large real estate markets and housing markets at block level. It offers more reliable data than price information based on realtors because it relies on several variables, such as employment and disposable income, migration and other major factors of demand that determine price growth in a given block market. This is important because real estate is really a local market for which only price information based on variables specific to this particular micro level market can give a clear picture of current and future market trends.

Real Estate Investment – Strategy to Provide Information on Indian Real Estate Law

What is real estate? How is it different from the field of agriculture? Why are cities, real estate and farmland governed by different laws in India? Do you know that the declared value of the property represents 20-25% of market rates in India? This is to avoid heavy taxes on the purchase / sale of real estate in India. Nevertheless, real estate has turned out to be the best investment in India. Actual land in cities and farmland is governed by different laws and the conversion of farmland to real land is a long process. The investment in real estate for rent is considered a bad investment. The law on rent is in favor of the tenant and it is not easy to obtain a rent increase despite inflation. However, the property has turned out to be the best investment in India.

Real estate investments have a different interpretation under the Indian Act. What do you mean by real estate in India? Real estate is a commercial property in the urban plan in the cities governed by the Municipal Commission, including the ground under it and all buildings or structures. There are other areas governed by laws on agriculture or forestry. The property may include industrial and / or residential properties and is generally owned by the person or company registered or trusted.

Agricultural or forest lands are governed by different laws. In general, not all land in the village, including his house, is considered real estate in India and almost all properties developed or developing in cities are considered real estate in India. The property is given on rent and the law favors the tenant. It is not easy to obtain the release of the property without the tenant&39;s consent or to obtain a rent increase. Thus, investing in a property for rent is a losing proposition.

Why has real estate turned out to be the best investment in India? Despite the many contentious issues and the limited rent trade, the value of any investment in real land is always greater than the demand, which always exceeds the supply. Land in India is limited and investments cover inflation. India has 1.2 billion people and its population has increased by 20 million every year. As a result, the demand for real estate continues to grow, especially in urban areas. Again, India continues to have inflation and real estate is not affected. More than 80% of the population lives in villages and only 20% in cities considered as real estate. As India is a developing country, the village population continues to settle in cities. This makes the availability of real land in India more limited.

To create an industry or an office in India, the major cost factor is the property purchased rightly or on a rental basis. If you want to secure an investment in India with guaranteed returns in the form of satisfaction, investing in properties under development in the near future is a good thing. Another option is to invest in farm properties adjacent to a city somewhere that need to be converted to real estate in the near future. This farm can be rented for a faster return on real estate investment.

Here, the right to information must be verified before making investments in real estate investment.

1. Check the property ownership documents with the official registration authority.

2. Check the property documents to make sure that it is not rented.

3. Check that the property is not purchased as part of essential services procurement and make sure that it is not the subject of litigation.

4. After registering your purchase with the authority responsible for the registration for a transfer registered in your favor in the archives of the municipal committee.

5. Before choosing a city to buy a property, make sure that you or your business have the right to do so. In some states of India, an Indian citizen is not allowed to buy real estate. In some cases, individuals or nations with another company are not allowed to purchase property in India.

Real estate information

By browsing the Internet for real estate news, one could forgive a bit of confusion because of the volume of contrasting comments. For example, I recently came across an authoritative article that informed me that the number of foreclosures was still increasing and property sales continued to fall in the United States. Well, there was no big surprise there. In reading this article, I learned that poor old Las Vegas continued to reign as the country&39;s foreclosure capital. I&39;ve also discovered that Texas, with a huge increase of 35% in February 2010, has won first place for the state, with the largest increase in the number of foreclosures. This second statistic is the one that really caught my eye because I had just read another article in The Washington Post entitled "How Did Texas Escape the Real Estate Crisis?" .

So how can an article claim that Texas has the unfortunate distinction of being the state with the highest increase in seizures, while another is greeting it simultaneously as a token of success?

The important thing here is that an increase of 35%, in a relatively small number, can result in a relatively minor increase in actual stocks. So, there were only 4 foreclosed homes all over Texas, and suddenly 4 other houses were appearing in that market, that would be a 100% increase – but there&39;s only 8 houses in total. On the other hand, a seemingly insignificant increase of 10% in a market of 1,000 foreclosed homes would actually result in 100 additional properties added to the inventory.

In this case, it appears that less than 6% of mortgage borrowers in Texas are about to go bankrupt or are approaching it. The national average is close to 10%. Nevertheless, a gain is always a gain, and 35% is not a small number. According to ForeclosureListings.com, this increase allowed Texas to record the highest monthly gain in the United States in February. By March, however, she had further retreated and Florida had dubious honor to know the highest percentage of foreclosures listings. In essence, numbers can be misleading and can be manipulated to reinforce or weaken an argument or point.

Whatever the way we look at it, it&39;s a very bad news. But it should be noted that any news, good or bad, can be presented in a way that makes things healthier, if not more, than it does. With this in mind, it is essential that those who are considering buying or selling a home in the current economic climate attach particular importance to local market research. It can be a difficult task, to decipher the reality of the fantasy. Any news, any advice from a real estate agent or the opinion of a savvy family member can provide a valuable assessment of the situation. But only a wide range of expert opinions and amateur forecasts will allow you to see the big picture and, hopefully, act accordingly.