Real Estate: Commercial Property and Office Rentals

When someone talks about “real estate” they are speaking about the industry as a whole, but you need to understand that though they are very similar, there are lots of different types of real estate. The most common piece of real estate is what you see every time you drive down your neighborhood or go to a friend or family member’s house, this is the part of real estate called “single family residences”. There are many different types we can talk about, but in this article we will only be discussing one type of real estate; commercial real estate and office leasing.

Commercial Real Estate

According to Wikipedia, commercial real estate denotes, “investment or income property) referring to buildings or land intended to generate a profit, either from capital gain or rental income.” These investment or income properties consist of any building which has 6 or more units from which the owner collects rent. This means that six-plexes, large apartment unit buildings, hotels, strip malls, and office space/mixed-use buildings are all commercial due to the amount of cashflow they bring in on a monthly basis. So, if an office building or mixed-used building is collecting rent every month, how does one calculate the office space rent?

There are many different calculators you can find on the internet to calculate office space rent.  Often people look at sites like http://sfofficespaces.com/how-to-calculate-office-space-rent-average-commercial-rental-rates/. But if you want to do it the old-fashioned way, or simply want to learn how to do it on your own before relying on the calculator, here are some of the equations used:

Renting Per Square Foot

Whether you’re renting or looking to rent to someone, the price will be set as a certain dollar amount, multiplied by the square footage of the space to be rented. For example, a 1,500 square foot office space, rented at $11 per square foot, would be calculated as 1,500 x 11 which would equal $16,500 per year. If you wanted to figure out how much this would be on a monthly basis, you would simply divide by 12 and get a monthly rate of $1,375.

Leasing by Percentage

This is a bit more confusing, but basically, you or your renter would be paying an additional percentage of the total business receipts. For example, if the business renting the office space makes $72,000 and the monthly rent of $1,375 is used as the example above, with an additional 3%, then the total rent would be $2,160 or  $1,375 + ($72,000 x .05) = $2,160

In conclusion, in this article we discussed some of the different types of commercial real estate available and why they are considered commercial. Any property that is above six units and that has a monthly cashflow is considered a commercial property. Whether you are renting out your own spaces to tenants or are about to become a tenant in a commercial office space, you need to know how your rent is or will be calculated before moving forward.…

Why Is there Standing Water in My Yard?

Along with the many benefits of home ownership come the responsibilities of home maintenance. The upkeep of a home is vital to maintaining the value of the property. Home maintenance covers a vast array of areas ranging from painting and upkeep of the physical structure to keeping electrical systems and plumbing up to par. Responsible homeowners will stay on top of any and all home repairs to avoid any problems that could escalate into bigger issues if not taken care of in a timely manner.

Part of a home’s plumbing system is a sewer line that runs from the house to the local municipality’s connection point. This point is usually located just off of the property line or may be under a sidewalk or street. The sewer line is buried a few feet underground and is part of the homeowner’s property meaning the homeowner is responsible for its maintenance as well. While most sewer lines are manufactured and installed with the expectation of lasting for the lifetime of the home, there can be issues with either the pipe itself or any of the adjoining junctures.

Unfortunately, maintaining underground piping is usually more reactive than proactive on the part of the homeowner since these are areas that aren’t readily seen. Over time, a sewer line can be damaged by either naturally eroding or by some other means of exterior interference such as digging. If the line becomes damaged, the homeowner may notice a raw sewage smell in the yard. They may also see standing pools of water or color variances in the lawn indicating excess fertilization from leaking sewage. It’s an issue that will need to be addressed by a professional plumber as the leaking sewage will create a toxic environment for both animals as well as people.

While sewer line repair is not on the radar of most homeowners, it can and does happen and, if not handled correctly, can cost several thousand dollars to repair. The cost of the repair will depend of the amount of damage as well as the recommended method of repair. A homeowner basically has two options when having the line repaired. The first option is to have the line dug out and possibly repaired in sections. Unfortunately, sometimes, it will be necessary to replace the entire line. The second option is to have a plumber perform a trench-less sewer line replacement. This method uses a machine to push a new sewer line into the ground while pushing the old line out at the same time. The trench-less option may cost a little more, but, it will be a lot less invasive with less digging needed saving the homeowner from additional landscaping repairs.

A qualified, highly-trained plumber will be able to pinpoint the exact cause of any problems with a homeowner’s plumbing. They have the necessary equipment to both assess the damage from the exterior above the ground as well as utilize a scoping camera to investigate the damage from the interior of the pipe. Plumbers are great resource to tap into when there are issues with your plumbing.…

Advantages of Trenchless Sewer Repair

Breaks and blockages of your sewer line are key problems that might at times require urgent checking by a plumber. The worst thing you can do while in such a situation is to wait, as breaks and blockages and result to the backing up of the drains, hence making the foundation and the basement to flood. Through trenchless sewer line repair, you can be in good position to detect and deal with issues concerning your sewer line in a very cost-effective manner. Having a cracked sewer is not an easy task to deal with, but with the recent technology repair options are now better than earlier. Below are some of the benefits that have come with the trenchless sewer repair.

Trenchless Repair Is Cheap

The trenchless sewer repair cost  is less, as it does not require any form of structural modification or digging equipment. Trenchless sewer repair requires less manual labor, involves few technicians and requires little time to complete the job. This is all in comparison to the traditional repair, which involves digging and carrying out replacements which makes this process very expensive. However, even with the trenchless sewer technology, you will still have to pay for the inspection of the sewer line, among other associated costs.

Trenchless Repair Ensures Cleanliness

Most home owners have their sewer lines under the beautiful and expensive landscaping surrounding their homes. Digging up the sewer lines during repair can result to massive destruction of the yards, which can later on cost a lot of money when repairing. Unlike the traditional sewer, trenchless repair only needs a maximum of two holes to reach the sewer line and fix it. This reduces the damage that maybe inflicted on the surrounding landscape.

Trenchless Repair Is More Environmentally Friendly

Compared to the traditional repair method, trenchless technology is more environmental friendly. This is basically because the trenchless technology allows the manipulation of more specialized equipment among other techniques to repair the sewer line without leading to any form of ecological destruction. With this technology, there is no need to dig the ground and destroy the form of plant cover around. Remember, with trench less technology, only a couple of small holes are required.

Trenchless Repair Reduces the Risk of Future Possible Damages

Trenchless sewer replacement entails manipulation of new pipes that have no seams and joints. This will save you more by keeping you away from the problems that may arise as a result of pipe loosening. Therefore, with this technology, leaks and breaks are not common. In addition, the resin coating is capable of withstanding simple plumbing associated issues, hence enabling your sewer system to operate smoothly for quite a long period of time.

Trenchless Repair Consumes Less Time

Traditional sewer repair entails excessively digging the entire sewer line prior to replacing it. This consumes more time which is not the case when it comes to trenchless sewer repair which requires digging only 2 holes. You should rely on a company that manipulates trenchless sewer repair for your sewer repair and replacement.

A Louvered Roof Can Really Change Your Outlook on Your Outdoor Area

Homeowners with great backyards and patios tend to love spending a large amount of their recreational type in exactly those places. Whether it’s for a get together with friends for a BBQ or hanging out with your kids, being able to spend time in the outdoor environment of your home is something that homeowners are always trying to find a way to extend as much as possible. The biggest thing that cuts into this outdoor enjoyment is weather elements like rain and snow among others. The general changing of the seasons causes issues as well in climates where winters get intense. Winter cold can make the outside environment into one that you just don’t want to be in.

With all of this in mind, there is a critical choice that many homeowners are making these days that is helping them maximize and extend the outdoor enjoyment season. What these homeowners are doing is installing a louvered roof systems. The great thing about a louvered roof system is that it is an amazing way to give a level of protection and enclosure to your back patio. With this sort of patio awning, homeowners find that they are able to get a great deal more enjoyment out of their outdoor home area. The benefits of a louvered roof system are numerous, but these are some of the top ones.

A Louvered Roof Allows You to Enjoy Your Patio Rain or Shine

A louvered roof gives homeowners the ability to keep the party or family get-together going if it starts to rain, or even snow. This is because the roof can be closed down in order to prevent the elements to come in. When the weather is nice, the blinds can be opened to let the sun in.

A Louvered Roof Allows You to Extend Your Outdoor Season Greatly

A louvered roof gives a homeowner a lot of options as far as extending the overall amount of time that can be spent out on the patio, even during colder, more winter-like weather. Closing the blinds of the roof allows more heat the be held in. And use of outdoor heaters in combination with the louvered roof can make for comfortable temperatures.

A Louvered Roof Over Your Patio Just Looks Great

This is one that people might not immediately think about, but the truth is that today’s louvered roofs really do look great and having one installed on your home’s exterior really does give it a great overall look. It is always a sought-after measure to figure out ways to increase the time you can use the outdoor areas of your home. A louvered roof is a great way to accomplish this. The benefits really are that obvious. When the summer hits most homeowners really enjoy utilizing their backyards and patios to host get-togethers with their friends. And it is with something like a louvered roof that the homeowner can fulfill this desire.…

Home Buyer’s Decision Guide: The Pros and Cons of Existing Homes vs. New Construction

There are countless personal reasons why you might be considering moving. Perhaps your family has grown, and space is tight in your current accommodations or on the other hand your children might have moved out leaving you with too much space. Regardless of the reason, the new home buying process is a very exciting time. When it comes to choosing a new home the first step is to decide between an existing home or a newly constructed home and there are benefits and drawbacks to each option.

Existing Homes

Pros– There are many perks to selecting an existing home. First, there is no need to wait for construction to be completed. Move-in options can be expedited if desired, this is ideal for situations where you don’t want to have to wait two months or more for the closing of the sale. Another benefit is the ability to negotiate with the seller. Often times the asking price can be talked down, repairs requested, or even appliances to be included in the agreement.

Cons– Depending on how old a home is there can be unseen problems that can lead to costly repairs down the line. A thorough home inspection can be a huge asset in uncovering potential issues. Another thing to consider is what repairs, replacements, and upgrades might need to be performed and the costs involved.

New Construction

Pros– New homes have different floor plans to choose between. This allows home buyers to have custom options to fit their unique needs. Additionally, there will have never been any other occupants so that space can be turned into a home for the first time. New homes for sale in krum have all new plumbing, wiring, roofing, literally everything which generally means that large costly repairs will not be likely for a long time. This can be a significant money saver when the prices of home repairs are considered. Finally, new homes are much more energy and water efficient and will likely have lower utility bills.

Cons– Newly constructed homes generally cost more than preexisting construction homes for obvious reasons such as the labor, materials, permits, insurance, etc. The other con is the potential for delays. Weather can cause hiccups in the construction timeline as well as back ordered materials and unforeseen delays. New construction is not the option for people looking to get into their new home quickly.

There is no one-size-fits-all solution when it comes to purchasing a home. An existing home might be the ideal option for some while a newly constructed home is a dream come true for others. It is pertinent for home buyers to consider all of their options, weigh the pros and cons, then come to a decision that they are content with. Existing homes and new homes are just another exciting adventure waiting to happen, a blank canvas ready to be painted, and a door ready to be walked through.…

The Rising Number of Small Home Dwellers

Minimalism is a sprawling idea about living with only minimal objects inside the house, which also has a small space. This idea was made for people who wanted to adapt to city living, as the living space within a metropolis is typically limited inside cramped condominiums and apartments. Those who have mastered minimalism manages to transform their homes depending on their needs – a living room might be converted to a dining area or a bedroom depending on the needs of the homeowner. In the United States, minimalism is starting to get into the mainstream, and people are trying out the idea to give them a peace of mind.

Smaller homes might seem to be convenient to other families because the area needed to be cleaned would only be focused on a smaller space. It is also easier to decorate because of the fewer number of rooms inside the house. Small houses can be created using the available resources in a locality, and it can be created instantly. A minimal skill in carpentry is also required in building a smaller home, and it is also cheap and affordable. For those who are living in rural areas, having a smaller home would give the homeowners more land to cultivate. On the other hand, those who live in urban areas would have the chance to live in a less cramped environment, as having a small house and applying the idea of minimalism would make it seem more spacious.

There are also people who opt to stay in sheds for living. The shed is an example of a tiny home that can fit only a limited number of people, but there are advantages in constructing a shed and living inside it. First, there are only a few permits needed to build a shed, and sometimes, permits are no longer required if the shed will be built near a dwelling. People are buying their own sheds which has an area of more than 1000 square feet, and they are transforming it to become their homes. Sheds can be designed easily, as there is a smaller space inside it. People are often considering buying a shed and then building it wherever they wanted.

Most people prefer sheds because of its availability and the convenience of building one. Another reason is that of their affordable price, and a shed can be purchased for as low as $4,000, including all of the taxes and other services required to build the shed. Adding basic utilities like running power and water would take the amount up to $6,000 which is still fairly cheap. People must also be creative to see where the pieces of furniture can be placed. Another advantage that can be found with sheds is that they are easy to transport, and they are movable.

People would love to live in a small home that is comfortable and full of convenience. The rising number of people who are living inside a shed is a testament about the changing market towards the real estate industry. In the future, experts are stating that people might embrace minimalism as a culture, and more people could dwell inside small homes.…

Reasons You Need to Hire a Real Estate Agent

With plenty of information available online, property owners are researching for needs to hire a real estate agent. Clients wonder whether it’s possible to sell or buy a property through regular advertising and marketing channels or the internet without a realtor. If you’re wondering the same, the following facts highlight the reason property owners might need to hire a professional realtor.

Price Guidance

Contrary to what some property owners believe, real estate agents don’t help their clients set prices. However, a real estate services playa del rey ca can guide a home seller or buyer to select realistic prices and make their right decision. A realtor will also help their clients to weigh all the available data before making a decision. The agent may also assist a client in devising a negotiation strategy based on conditions and market demand and supply.

Develop Relationships for Future Deals

Referrals are the basis for the continued career progression and success of a real estate agent. Only a few realtors would survive if they depended on drumming up new businesses, and that’s what gives them an incentive to make their clients satisfied and happy. Moreover, a real estate agent that develops relationships will be available the next time you will need to hire their services. Many realtors also email their clients periodically to stay in touch with them and keep you informed.

Professional Networking

Real estate agents often work with other professionals that a client might need when buying or selling a house. However, a realtor might hesitate to recommend a particular agency or individual over another due to legal liability, but they can connect you to vendors that have a reputation for competitive pricing, competency, and efficiency. A real estate agent can also provide their clients with references and background information of the agency they have worked with to help buyers and sellers in making informed decisions.

Neighborhood Knowledge

Of course, an experienced realtor possesses intimate knowledge and has access to sources of information about your neighborhood. A real estate agent can help a client find comparable sales and point them in the direction where they can find more data on demographics and schools. For example, a realtor can help home buyers know houses that are on sale and help them negotiate for the best deal.

Experience and Knowledge

Potential home sellers or buyers don’t have to learn everything about real estate if they hire a realtor who can do that on their behalf. The trick to finding the best real estate deal is to hire the right person, probably someone smarter than you are. Everyone is looking for more time to have fun and spend with their family and hiring a professional real estate agent will give you that time.

Handle Volumes of Paperwork

A home purchase or sale agreement can be ten pages or more, excluding local custom disclosures and federally mandated disclosures. A file containing sales or purchase agreements can have an average thickness of three inches of papers, and omission or tiny mistake can cost you a lot of money. However, in some state’s lawyers are allowed to handle disclosures on behalf of their clients.