Dramatic Profits From Preconstruction Real Estate Investing

Written by Chris Anderson, PhD


The preconstruction process is an innovative real estate investment opportunity in which you buy tomorrow's property at today's price. Preconstruction investing is a boon forrepparttar investor or buyer as well asrepparttar 125271 developer or builder. The biggest advantage of preconstruction process is that you can reserve your buy at discounted prices without investing a fortune. You simply have to make a small investment that is as low as 5% ofrepparttar 125272 total cost to reserve a unit and payrepparttar 125273 balance on achievement of different milestones.

Forrepparttar 125274 buyer, preconstruction process provides an opportunity to seal a property deal with little margin money and achieve sizable discounts overrepparttar 125275 tentative price ofrepparttar 125276 finished condos. Forrepparttar 125277 developer it is an opportunity to presalerepparttar 125278 entire property even without laying a single brick and to procure a construction lending with relative ease.

Inrepparttar 125279 the preconstruction process, property developers placerepparttar 125280 building plans of a proposed real estate venture for pre-selling. Only thing made available torepparttar 125281 buyer are architectural rendering and floor plans ofrepparttar 125282 condominium, town house, or single family residence. The good news is that preconstruction prices are normally at an attractive discount ofrepparttar 125283 proposed sale price of complete units.

In theory,repparttar 125284 buyer getsrepparttar 125285 discount because they displaysrepparttar 125286 grit and tenacity to invest on mere paper and "air". However, in reality, they are getting discounts becauserepparttar 125287 are a crucial piece ofrepparttar 125288 puzzle forrepparttar 125289 developer because pre-selling of a particular percentage ofrepparttar 125290 total units is a need for getting a prospective lender to fundrepparttar 125291 construction process.

If you are interested in investing in preconstruction property, you can check outrepparttar 125292 list of preconstruction offers available in your locality inrepparttar 125293 newspapers, onrepparttar 125294 Internet or with your real estate consultant; that is if you have those types of projects in your locale. When you haverepparttar 125295 list, you can shortlistrepparttar 125296 offers that are suitable according to your budget and needs. After that you must run a thorough check onrepparttar 125297 property andrepparttar 125298 developer on many issues. Certain key reasons are,repparttar 125299 going and expected cost ofrepparttar 125300 similar units in that locality; demand supply factors; whetherrepparttar 125301 units are assignable and uniqueness ofrepparttar 125302 property. You must also check forrepparttar 125303 future or proposed development plans inrepparttar 125304 vicinity to protect your view. This aspect is important because you might choose to buy an apartment in a preconstruction process at a premium due torepparttar 125305 prefect view of lake or waterfront. However, after some time you may find out that another developer is building a project, which may blind your view.

After you have satisfied yourself withrepparttar 125306 suitability and pricing ofrepparttar 125307 condominium, you can proceed forrepparttar 125308 reservation. Most preconstruction properties have a nominal reservation amount, which is normally 5-10% ofrepparttar 125309 total cost and can go as low as $1,000. The reservation process has a simple "Intent to Purchase Agreement" in which you holdrepparttar 125310 right to first refusal. In this phase, you are safe because your money is in escrow account and you can terminaterepparttar 125311 agreement without any obligation. Of course,repparttar 125312 developer is not really bound to any prices yet at this stage either so both sides are in a loose arrangement.

A Closet Design For Every Purpose

Written by Brian Channell


If you’re tired ofrepparttar way your closet looks, it’s time to consider your closet design, or lack thereof. Closets of all types are magnets for disorganization, and adapting a new closet design can help eliminaterepparttar 125270 clutter. You can even build your own closets and pick your own closet design in a laundry room or on a bare wall, as this article will explain.

If you fold and hang laundry while you’re inrepparttar 125271 laundry room, Home Depot sells many items that will make this task easier for you and your family. One option isrepparttar 125272 Configurations by Rubbermaid, which is essentially a custom closet in a box. Configurations is a low-hassle, easy assembly closet design that fits closets between 4 ft and 8 ft wide. If your laundry room has a solid wall that is this size, it could easily be installed in your laundry room to give you a place to hang and sort your laundry. Instantly, you will have 10 feet of hanging space and 14 feet of stacking space right in your laundry room.

For a unique closet design in your bedroom, Home Depot also carries a large line of ClosetMaid items. A popular item isrepparttar 125273 8-in-1 closet organizer, which fits closets between 5 feet and 8 feet. The organizer can be assembled in 8 different configurations and offers ample shelving space as well as closet rod space. Depending on what you need from a closet design,repparttar 125274 8-in-1 organizer is guaranteed to give you more closet space and make your entire closet system more efficient.

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