Real Estate Costarican

Where We Help You Find Home

How to Prepare a Condos for Sale

Preparing condos for sale can be a little tricky because you have to put into account everything from the current state of the market, the history of the market, the value of the condo, the value of the area around the condo, and in some instances, the buyers’ perception. It can be hard for people who are not professionals to do this, but the guide below should be of help.

Selling a condo is a little bit different compared to selling a house. There is a good chance you have sold a house before, but not a condo. Condos are becoming more and more popular every year, and it is important to know about the differences so you can be well prepared when you finally make the decision.

When selling a house, you own the property and you can decide where to put the for-sale sign which helps in showing the property. This is not the case with condos. There is the Condo board or property management who are going to dictate where you can put the lockbox. For Sale sign is not allowed because the lane outside the front door is shared between more than one condo. Another thing to keep in mind is some condo boards don’t allow open houses.

When you control one part of a unit in a building, it will involve working with the management, but that doesn’t mean you cannot work together.

Order the status certificate

One common mistake people make when selling a condo is failing to order the status certificate. You can get the document for $100 from the property management, and it shows the financial health of the building. Many of condo purchases are usually conditional on the buyer and lawyer reviewing the document. When you order this certificate on time, you will end up having a smooth and efficient sale. If the buyer is interested in the document, you can pull it out and give it to them.

Ensure the property looks the same as in the photos

You should have the property looking the same way it looked in the marketing photos. It doesn’t have to be 100% but try having it as close as possible. The buyers fell in love with what they saw on the photo, so don’t disappoint them. If they don’t see what they expected, they are going to be disinterested and turned off. Be honest because it is the best way to sell the property. You should also make sure you have put your valuables somewhere else because you can easily lose them just for the possibility of a sale.

If there are tenants, what should you do?

You should provide the tenants with a 24-hour notice before showing. It is a good idea to give the tenant a complimentary cleaning because it is in your best interest to have the property in the best light. You should inform the prospective buyers about the tenant because they might be interested in doing the same. You should be accommodating to both parties.

Space sells

You should prepare the condo the same way you would prepare a house. You have less space with a condo compared to a home, which makes it very important to have less clutter. You should try your best to show the space in the best possible way.

Staging

Staging is an art that can go a long way in helping you sell the condo. Try your best to show the capabilities of your property. Have open spaces that imply the amount of stuff that can go there and the different purposes of that space.

Selling a condo is not that complicated, as long as you use the above tips.

Nancy Alperin
Nancy Alperin
Nancy Alperin of Maxwell Realty has not only a keen understanding of real estate, but a genuine passion for it. She believes in garnering client respect by listening to their needs and delivering results for them.

Her in-depth knowledge of the Philadelphia real estate market plus her ability to broker complicated deals with infinite finesse enable her to navigate the challenging elements of buying, selling or leasing properties while making it all appear seamless. This is also strengthened by her years of owning, buying and selling for her own portfolio.

Committed to the health and longevity of her father's company, Nancy has helped Maxwell Realty Company, Inc. achieve its reputation for unparalleled service as well as for being an innovative and rewarding work environment for its associates.

Which HVAC Services Are The Most Profitable For HVAC Companies?

When you are looking to either start an HVAC company or you are looking to maximize profits with one, you will want to become familiar with ways to do so. One of the best ways to maximize your profits is by understanding which services and jobs are most profitable, as well as getting a good HVAC software for Quickbooks to help you track expenses. Below, we will be going over some of the keys to finding the best services to offer.

Finding The Best HVAC Services:

1. Equipment

One of the major things that eat into the profits of HVAC services is the equipment. Therefore, you will want to look for the services that require the least amount of equipment to be used. By finding the services that don’t require a lot of equipment, you can maximize your returns on your investment. For HVAC companies with a lot of equipment needed to perform various services, this can be considered a sunk cost. However, for those that are trying to figure out whether or not they should invest in the equipment in the first place, you might want to stick to the services that don’t require such a hefty investment from the start if you really want to maximize profits.

2. Labor

Another big thing that you want to check out if you are looking to find the services with the highest profitability would be the labor. You want to find the services that require the least amount of labor possible. Labor is typically the second highest associated cost for an HVAC company. Therefore, any job that requires little labor and time is going to maximize your profits. There are simple jobs that require very little labor and time which can really be great to maximize your profitability. You want to try to minimize a lot of the labor-intensive jobs if you want to maximize your bottom line. By sticking to the high-profit margin services, you can increase profitability company-wide.

3. Commercial

Typically, you will be able to charge much more for the services when you are performing them for commercial properties. Because of this, you might want to stick to commercial services if you want to maximize your bottom line. Residential might take up less time overall, but they are going to have less of a profit margin per job. However, you need to really look at each situation individually if you want to find which one is going to be more profitable.

4. The Amount Of Experience Required

Another thing that you are going to want to think about would be the experience that is required for the job. The more experience that is needed for the job in question, the more likely you will be able to get away with charging more for it. Customers are going to be willing and able to spend much more for any service that requires a lot of experience which is only going to improve the profit margins that you are able to get for said service.

Overall, there are so many different things that you will need to think about when you are trying to figure out which HVAC companies are the most profitable. By looking at the different things above, you should be able to identify the right services that you should be focusing on in your business. You really want to try to stick to the services that don’t require a lot of labor and the services that are not going to require hefty equipment and tool investments. By doing all of this, you will be able to maximize your returns on your investment and really help to boost overall profitability throughout your entire company.

Bill Westrom
Bill Westrom
The Service Program was developed by Westrom Software, a privately owned software development company with more than 15 years of successful business application development experience. Founder and CEO, Bill Westrom, employs a wide range of IT professionals, flexible policies, and efficiently managed work practices that distinguish the company from firms offering similar services.

How to Recognize the Signs of a Bad Foundation in a House

For the average person, a house is one of their biggest investments. It’s also a place where a person builds memories and feels the most relaxed. This is why it’s important to protect your home. To avoid issues with your foundation it’s important to be able to recognize the signs of a bad foundation in a house. There are a number of factors that can lead to damage or deterioration, requiring foundation repair, and some of these include the climate, soil conditions, improperly compacted soil, drainage, and others.

Preventing Foundation Damage

One of the big things that you can do if you are concerned is to make an appointment with a contractor who specializes in foundation repair and have them inspect your home. They can take a look at all aspects that are likely to be problematic and then tell you what condition your foundation is in and if anything needs to be done. It’s super important to identify problems as early as possible.

It may be that you have to also get a structural engineer to take a look and make a report on your foundation. Depending on whether it’s a residential home or commercial building the price for this can range anywhere from $350 up to $750 and more in some cases. Other things that can raise the price of this cost include buildings that are oversized. The best way to prevent costly foundation damage is to recognize early signs that require your attention.

Three Signs Your Foundation May Need Your Attention

1. Sinking or Settling of Your Foundation

If you begin to notice that your foundation appears to have sunk or is in the process of settling, then this is an early sign that it needs your attention. If this is allowed to go on too long you could begin to see one side of your house slightly lower than the other. This may mean that the foundation needs to be lifted and you may need to install exterior or interior piers. These are put around the perimeter of the foundation to help raise it and keep it in place.

This process can be a bit messy. In some cases, the foundation slab may need to be cracked and that thought can be a bit scary for property owners. In most cases, if the foundation has begun to settle it will do so vertically. What might begin as a half-inch dip can become very large in a fairly short period of time. If this issue is not attended to early on it could cause problems that are very difficult to solve.

2. Doors Start Being Difficult to Open Or Stick

Some property owners feel that if a door begins to stick or is difficult to open that it is just a problem with the door. But this is very often an indication that the home or its foundation has begun to settle. The doors are sticking because as the foundation and home settle the opening changes shape making the door difficult to open and close.

It is true that doors can stick or be more difficult to open and close because of other factors such as humidity. If it is one of these other issues you will typically see that it is not a constant problem. If, for example, humidity is causing the issue then it will be problematic for two or maybe three days and then you will notice that it returns to working well. If, on the other hand, it is due to the foundation of the home settling then the problem will be chronic and will continue getting worse until the foundation is fixed.

3. Cracks in The Wall, The Floor, Or The Foundation Itself Begin To Show

If you notice cracks in any of these areas, that is a telltale sign that there is an immediate problem that needs to be addressed. This problem can cause cracks to develop in the floor and walls and even areas such as the chimney. If your foundation starts to shift it can lead to some very serious issues. It’s a foundation is on certain types of soil and it was not prepared properly then these problems can arise.

It should be noted that it is considered normal and typical for a foundation to sink a little bit in the first few years. It’s even considered normal for the foundation to develop a few small cracks over those initial first few years. Because of this fact, it really isn’t something that an average layperson can determine as to whether it is normal or problematic. This is why it will usually be necessary to get someone with experience to come out and examine your property to determine if it’s fine or if certain problems need to be fixed.

Your home is usually one of your most important possessions. It’s also an expensive investment and one that needs to be cared for properly. A home that is built on a good foundation is a home that will last. If the foundation begins to develop problems and those problems are not addressed, it will simply lead to ever-increasing problems. It is for this reason that you should always keep an eye out for any signs that your foundation is going bad.

Richard Earls
Richard Earls
Richard has been involved in construction and foundation repair since 1991. He specializes in repair of homes in the historical Garden District and French Quarter in New Orleans.

Reasons Why Interest Rates Fluctuate

Interest rates are always a changing part of today’s economy. With so many parts of the world’s economy dependent on the interest rates that groups like the World Bank and the Fed charge, it can be easy to get mixed up and start to think of interest rates as a magical, mysterious force. To understand how the economy works, it is essential that you first understand how interest rates work. In this article, we will be looking at some of the main reasons why interest rates fluctuate and how they affect everything from credit cards to bad credit home loans.

Money Supply

The amount of money circulating in the world is both limited and endless. Sounds complicated, right? Well, it is. So much so that the world’s top economic minds today are constantly grappling to find ways to manage how money circulates. When there is too much of it flowing, it is essential that interest rates are high to cap borrowing, so it does not spiral out of control. However, when supply is limited, lower interest rates can be used to stimulate borrowing.

Savings Rates

We, as humans, have tendencies like saving money when we receive substantial amounts of it and spending when we receive it in smaller doses. However, it is worth noting that savings rates across different regions are generally not a static or fixed variable. For instance, when saving rates shoot up, borrowing often isn’t essential for consumer spending. As a result, interest rates tend to shoot down to compensate for this. However, when the rates drop, borrowing tends to become an essential part of the consumption process, which leads to interest rates being raised to keep things in check.

Bond Market

Bond markets are the law of any nation when it comes to debt. When a country issues debt in the name of the government, it often has to look for ways to make more money to offset it. This, in turn, expands the supply of money, which then leads to interest rates shooting up as a matter of economic policy and as a way to keep the rate of borrowing rational. When the market is hungry for the bonds a government is issuing, this often causes money supply to increase. However, when the market isn’t interested, money supply will often either decrease or stagnate, something that could cause interest rates to fall. While understanding how the bonds market works isn’t as simple as reading a few charts and following a ticker, with patience and continued studying, it will start to make sense in time.

Investor Risk Tolerance

Investors can sometimes be irrational. While the concept of what leads to “bad” and “good” economic times is still open for debate, the easiest thing to tell is when investors aren’t ready to lose what they have invested in the paper asset markets. The fear of losing what they have invested in is what typically drives the bond market, which often leads to interest rates dropping since bond buyers are more willing to settle for less than they would under normal circumstances. When times are good, investors tend to be more concerned about how they are going to make more money; people buying bonds expect to receive better interests.

Translating This Knowledge to Your Business

Now that you, as a business owner, understand interest rates better, knowing where and when to borrow should become more straightforward for you — looking for funds to renovate your current property or to purchase an investment property or to fund business expansion? Wait until saving rates are high since loan rates will be at their lowest. If you study the historical trends on both interest rates and savings rates, you will notice that there’s a pattern that they often follow at different times of the year.

So, consider planning your next significant investment around times when your business can get historically low rates, and you will be glad that you did your research. Yes, interest rates are complicated, but once you understand what drives them, they are quite easy to understand.

James Clark
James Clark
James is the owner of monkeymoney.com.au, a resource for people in Australia looking for short-term lending solutions, home loans, and auto loans.

Methods For Locating a Good Real Estate Professional

Real estate industry is hot! Which means that it is a terrific time to market your own home. But, picking the right realtor can be a very stressful decision. You want to make sure that you locate someone you could trust and that will work challenging to get top dollar for your house. Here are several things you need to consider when searching for an excellent realtor.

You should pick a person you receive in addition to. While records and experience are very important, it really is more essential to pick out someone you relate to. Also, make sure your realtor can speak well as negotiation is an extremely important characteristic for a realtor.

Always ask your good friends, relatives, or neighbors for referrals. You would like to select a realtor you can rely, and obtaining honest opinions out of your close circle will ensure you are making the ideal choice.

It is very important choose a realtor that has your greatest interest at heart. You wish to have confidence in your realtor. Make certain your realtor listens to what you would like and what exactly you need from their website. Choose somebody that is works with you to have a goal which works for you and your family.

Choose anyone who has the time to help you a top priority. Realtors sometimes could get very busy selling multiple homes at any given time. Make sure your real estate agent as well as their team provides the resources to provide enough time you need and deserve.

Always google your real estate professional. Yelp them. Check their Facebook reviews. Even though your neighbor’s friend liked someone doesn’t mean they are an excellent fit for you personally. Do your homework.

A realtor is definitely an essential key in ensuring the selling of your home goes smoothly and seamlessly. Ensure that you locate one which fits for yourself and your family.

admin
admin