Real Estate References

Now here’s a twist in the construction business, wood is making a comeback for use in framing that is allowed for structures that are up to five stories high. As it turns out, newer more modern materials such as steel and concrete products have risen in prices so much that wood has again become an option. With the many tree farms now in their maturity stages, producers are only too glad to provide more timber for such use.

Environmentalism and real estate may be strange bedfellows, but current advances in technology are now starting to promote green building. Green building is the practice of creating structures and using practices that are environmentally friendly and resource efficient. There are a number of green building standards that builders and developers can use to certify whether a particular structure is a green building. These standards include the Leadership in Energy Efficiency and Design (LEED) rating system, which is a nationally accepted standard developed and administered by the U.S. Green Building Council. Many of these standards use a system that assigns points for a variety of practices and certify a building at various levels of “green“ depending on the number of points acquired. Energy conservation, water conservation, sustainable site selection, building material conservation, and enhanced occupant health is an integral part of green building. Green building practices tend to increase up-front construction costs but often provide long-term benefits that may offset these increases.

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Here’s a simple method of getting to know your real estate investing market, which is VITALLY IMPORTANT before you can know if a property/price is worthy of calling a ‘deal’ or not…

This ‘LAZY’ method of market research reveals some amazing facts about the real estate investing market in your area and it works for any area there is….

Take a local newspaper (you can get many of them online, for free, nowadays) and simply count the number of ‘For Sale’ and ‘For Rent’ ads, keeping track of them for later reference.

Usually, Sunday and Wednesday papers are the ‘biggest real estate investing days’, so, for now, just watch these.

Keep track of the number of ads for a few weeks and watch what is happening to your market (hold on, now, we’re coming to the part about you turning all this research into a really great real estate investment).

Keeping more detailed records (what price for a 3/2/2 in the SW part of town is being offered for sale and rent wise, etc.) will yield tremendous knowledge, but, for now, just to get started in your real estate investing, stick with the basic ‘total ads’ research.

After a few weeks, you’ll start to see ‘trends’ in the real estate investing potential of your area – maybe the number of For Sale is going way up and the number of For Rent is going way down…

City living in condo type dwellings is preferred than buying homes in residential areas by urban dwellers. The higher premium is offset by the accessibility to one’s workplace, the restaurants and entertainment center. Other factors that were in consideration are the reduced time and expenses for commuting and lesser outlay for gas.

We represented Aberdeen Property Fund Finland I Ky in a real estate transaction where the fund acquired a department store property located in Kajaani from Kouta Kiinteistöt Oy.

The aggregate acreage of the real estate is 3,200 m2. The transaction was realized in the form of real estate acquisition. The transaction value was agreed not to be disclosed.

Initial rates on any given day may be based on factors other than the index rate at that time. In cases where lenders were aggressive, initial rates may have been lower than implied above, creating more of a reset problem down the road.

In cases where lenders were more cautious, initial rates may be slightly higher than implied, creating a more beneficial situation when rates reset.