Friday 6th November 2009
Exclusive Designer Homes? We can help.
When buying a new home on a project or larger development overseas the choice of property designs available are normally restricted to a few standard options for which the opportunity to make alterations are limited.
From experience, many clients and customers now want the freedom to make unique the design of their new home and to take advantage of better, more modern and efficiently designed homes with individual features and a true designer edge.
SOME INSPIRATION
There has never been a better time to do this, plots are at an extremely affordable price, quality builders are in good numbers and designers are excited to work with the new technologies now available to them.
Every house design is important, as a small house plan can be just as exciting as a big one. This service is available from the smallest Bungalow to the largest Villa.
Working to your budget our local experts (all over the world) can help with everything from finding your plot, planning your home with you, garden landscaping and interior design through to assisting you with the appointment of appropriate builders and choice of materials and fittings.
These individual designs are great to live in and will sell very well in the future with great locations, interiors and specifications.
The only limit is your imagination – please get in touch for more information.
The service in brief:
Plot Locations – We have opportunitites from all over Spain and the Islands, Portugal (Algarve, Alentejo and Silver Coast), Turkey, Cyprus, Italy and the USA and many have spectacular sea and mountain views. Whatever your requirements we can find suitable plots for your dream home.
Design – After talking through your ideas with our local professionals they will help with introductions to architects and builders to create the plans for your home.
Adaptation – We have also seen the potential for adapted homes for people with disabilities and it is simple to design these adaptations from the blueprint stage and in the future this will aid the resale value and also the letting potential of any such product.
Construction – Once the building of your property has commenced your local project manager will provide regular updates and photographs of the project by email or post and ongoing project liaison.
Completion – Once the property is built we can assist with garden landscaping, interior design, furnishing and property maintenance services. Should you wish to let the property, our local professionals are specialists in marketing and renting out luxury villa’s in the local areas we operate in.
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Tuesday 12th January 2010
Las Vegas Summary ~ it is a great time to buy for foreign investors
A multitude of real estate investments exists in Las Vegas today. Residential properties represent some of the better current bargains, especially in the range below $200,000.
We are not defining a “bargain” as a decrease from the high-flying 2005 and 2006 years either. Rather, home prices appear to have over corrected on the downside and are below the long-run trend that existed ahead of the bubble.
By several measures, such as median home prices and the S&P/Case-Shiller index, we have reset prices back to the early 2000’s. In some home segments we are probably further back, even to the early 1990’s…and that is before adjusting for inflation. In recent months, prices have leveled out. Chances are one’s wages, while possibly flat for the past couple of years, has still not fallen to early 1990’s levels, presenting a real opportunity to purchase housing by those that are employed.
By such fundamental measures such as price/rent or price/income ratios, we have returned to some very reasonable levels of valuation. Affordability like this has not been achievable in years. While employment has been weak, for those that are working and seeking a home, it is a good time to shop around. Investors have noticed this as well and are purchasing homes for rentals. Many of these properties cash flow quite well, so they are performing assets even in the absence of near-term appreciation. We have calculated cap rates in the six to twelve percent range so there are some great investment homes in the Las Vegas Valley. Any appreciation back up to trend is just an added benefit (This is a return to the old paradigm of buy low and sell higher instead of buy high and sell higher which everyone thought they could do just a couple of years ago. IE: things make sense!).
As an example, a home like 1521 Splinter Rock could be purchased for $142,000 and would likely be rented for about $1300 per month. Factoring in expenses like taxes and maintenance as well as a vacancy factor, a home like this should yield around $10,000 (on the conservative side since its been remodeled already) in net operating income per year. It’s also already been remodeled so its move-in ready. It properties like this that are relatively easy to manage and are within a size range that makes them suitable for many renters, making them a good choice for foreign investors.
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