Archive for the ‘Constructions’ Category

October 25th, 2011  Posted at   Constructions

While constructing a property in Pakistan it is really important to hire a contractor who understands the importance of constructing the building according to specifications laid by the development authority of that area. Some individuals fail to understand its importance and face sever problems. To avoid falling into complications it is necessary to know the specifications before working on any construction project.

Just like Capital Development Authority (CDA) in Islamabad, Lahore Development Authority (LDA) works in Lahore. LDA Specifications are written proofs for organizing the graphical structure of properties in Lahore. It is really crucial for the success of a property in Lahore to follow all the construction details shown in the map (approved by LDA) for residential and commercial units. These specifications have a great impact on the cost, construction period, safety measures and the quality of construction.

Importance of following LDA Specifications

  • When owner (or contractor) finishes constructing a property in Lahore, he needs a “Completion Certificate” from LDA. If the property is constructed according to LDA specifications, it gets quite easy for constructor to get the completion certificate. If the property in Lahore is not constructed according to LDA specifications LDA refuses to issue a completion certificate for that property and imposes fine on that property.
  • All the properties which are constructed according to LDA specifications have more valuation worth after completion as compared to the other properties. For example: Johar Town and Iqbal town are few housing societies that are part of LDA scheme. Properties built in these societies according to LDA rules have more worth in terms of pricing as compared to others.
  • Lahore Development Authority rules play an important role in the ultimate success of any construction project in Lahore property market. LDA defines certain rules which make sure that the property being constructed whether residential or commercial property is safe for use. LDA specifications result in accurate construction upshots, less complications, quantifiable successful measures throughout the project life cycle.
  • LDA keeps a quality check on every property in Lahore that is part of its jurisdiction. Therefore, during the construction and after the construction, LDA employees inspect the property to ensure whether specifications laid by them are met or not. It holds the right to demolish or impose heavy fines on properties not constructed according to its rules. (more…)
October 25th, 2011  Posted at   Constructions

The island of Cozumel, located a 45 minute boat ride off the shore about an hour south of Cancun, is currently a favorite for retirees and other expats buying Mexico real estate and living in this country. Significant news for this market within Mexico is that an important step has been taken in moving the island’s new Marina toward completion.

The significant step seen in early 2011 was the signing of an agreement with representatives from the hotel InterContinental, to start with the construction of the entrance to the marina. With the new agreement, the Cozumel Marina project could move ahead at full tilt during February 2011. The project is funded by the National Fund for Tourism Development (Fonatur), and is located on the south of the island.

The construction of the new marina in Cozumel will offer a new outlet for high-quality Mexico property on the island. Mexico beachfront for sale often receives added value, and offers buyers a higher level of lifestyle due to tourism-focused infrastructure, especially large-scale projects such as this marina.

So far the Cozumel Marina has seen an investment of over 200 million pesos (about $17 million USD) and has been awaiting an agreement with the hotel in order to complete the final stage of the project.

The conclusion of this marina will mean excellent opportunities for the island in terms of investment, tourism and promotion, since it will be another attraction for the island. The marina represents the potential to attract visitors and real estate buyers with larger purchasing power, and offer events such as international sailing competitions.

The Cozumel Marina also represents the feasibility of having more hotel rooms; larger tourism numbers also means further investment into infrastructure and business, offering real estate buyers more convenience and lifestyle activities.

The marina will have a capacity of more than 300 boats, large-scale condo construction, as well as restaurants and shopping options. The progress of the marina’s construction will be a very important step forward for the island’s real estate market. (more…)

October 25th, 2011  Posted at   Constructions

Get Your New Home Inspected! Why do thousands of Arizonans have puddles under their bathroom sinks, windows that will not open and shake with terror when they consider putting their property on the Phoenix MLS? Moreover, what is that smell?

It is the smell of buyers being burned because they failed to secure a real estate inspection. Just refer to the New York Times article of August 15, 2006, “When Elevators Fail, City Falters” for a perfect example of this serious problem.ยน Real estate inspections became a burning topic in Arizona when a red-hot Phoenix MLS combined with the strong seller’s markets of 2004 and 2005 caused many buyers to not secure adequate or any real estate inspections.

Real estate inspections and new construction, what happened? Not all construction companies are alike. Many are reputable, paying great attention to detail, while standing behind their work. Others sprung up overnight due to the recent Phoenix MLS boom and employ unknown and unskilled day laborers off the street, while expecting one supervisor to oversee ten to twenty job sites! Forget about attention to detail! Of course, city inspections are required, but they only look for code violations, not shoddy work or outright mistakes. The frightening part is most mistakes can and are sealed into the walls and floors. This leaves buyers to discover major problems later, after the builder is long gone. Your home represents your single largest investment and honest mistakes can happen no matter whom you choose to build with. Protect your investment. Have it inspected.

What is the cost of a real estate inspection? Typically, between $300 and $600, but the final price depends on size and location. Nevertheless, this initial outlay is worthwhile considering the expense of rewiring or re-plumbing an entire house! Think about this. You may decide to sell your property. Once on the Phoenix MLS, your perspective buyer will certainly order a real estate inspection. A small fee up front, at the time of construction, can prevent the anxiety of awaiting your buyer’s report and let you negotiate through the sale with the upper hand. Seriously consider it. A relatively small up front expense can let you enter the Phoenix MLS with confidence instead of sleepless nights.

How can you arrange a real estate inspection? It is easy and most of the work can be done for you! I and agents like me know reputable licensed professionals, who can help you. In my own business, I always provide clients with a choice of at least three honest and dependable inspectors, who have excellent credentials. In addition, I always arrange at least three new construction real estate inspections, a good agent will. The first is of the plumbing before the foundation is poured. The second takes place after the house has been roughed up, but prior to the installation of the walls and flooring. This real estate inspection allows for a check of the studding, plumbing, electrical and HVAC systems. The third real estate inspection is performed right before the buyer’s final walk through. After the third inspection, a list of necessary repairs is given to the buyer, who can discuss them with the builder. (more…)