Get Free Building Replacement Cost Estimates

You can usually get a free building replacement cost estimate by calling a local independent insurance broker who represents insurers that specialize in providing property and casualty insurance coverage for residential and commercial buildings. When you call a broker, tell them that you want a replacement cost quote. Property replacement costs are calculated by using a replacement cost formula that's based on the property's geographical location and its:

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1. Street address.
2. Age.
3. Type of construction.
4. Number of stories.
5. Type of roof.
6. Current use.
7. Heating and cooling system.
8. Square footage.

Use the Eight-Step Approach to Estimate a Property's Current Market Value

Use the following eight-step approach and the current value worksheet on the following page to get a rough estimate of a potential investment property's current market value:

Step # 1: Log onto your county's property appraiser or assessor's Web site to obtain the tax assessed value of the property under consideration.

Step # 2: Search your county's property tax rolls for recent sales of three to five properties that are comparable in size, amenities and features, and located within two miles of the property under consideration.

Step # 3: Carefully analyze any comparable properties that you find, and make sale price adjustments for differences in amenities, special features and the property's physical condition.

Step # 4: Verify the income and expenses that are listed on the income and expense statement of the property under consideration.

Step # 5: Analyze the property's income and expenses for the past twelve months to estimate its net operating income potential.

Step # 6: Calculate the property's capitalization rate by dividing its potential operating income by the estimated value that you derived from analyzing recent sales of comparable properties in step number three.

Step #7: Estimate the property's value by multiplying its net operating income by the capitalization rate you came up with for the property.

Step # 8: Calculate the cost of replacing the improvements on the property using the same building materials and method of construction.

Kaal surp dosh mukti mahayaga by guru vinod ji

Kaal surp dosh mukti mahayaga 

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Agar Aap bhi hain Kaal Surp Dosh se pareshan
To ho raha hai Kaal surp dosh mukti mahayaga
sammilit hona chahte hon to sampark karen

ACHARYA VINOD KUMAR JI
ADYATMIK SEWA MISSION, House No. – 1, Road No. – 13,
Punjabi Bagh Extension, Near State Bank of India, Club Road,
New Delhi. India

Mobile: +91-9958633529, +91-9310467616

Phone:  +91 011-49122122

How to get Explosive Profits by Establishing the Value of Real Estate

You've located the property that you are potentially interested in purchasing, have looked at it, and determined that it meets your basic investing goals. Before you pat yourself on the back for a job well done, you need to establish its value to avoid potential financial disaster. If you take the word of the seller or the county tax rolls to establish its value, you could lose your shirt, especially in a real estate market that has seen values drop by tens of thousands of dollars within a matter of months.

Depending upon the kind of investor you are you'll utilize one of the three methods of establishing the value of a property. They are:

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Comparable Sales – If you're investing in primarily single-family or multifamily properties with fewer than five units, by far the most popular method of establishing value is the comparable sales method. This method consists of locating recently sold properties that are substantially similar to the one you are considering purchasing and are located in the same general vicinity. A skilled appraiser typically has many years of experience in determining value, but you can do the same thing either by going to your county courthouse and compiling the information yourself or by working with a realtor who might be willing to provide these figures to you. You can also get a rough estimate of values in many areas by utilizing an on-line resource such as Zillow.com. Once you have your comparable sales figures you’ll need to compensate for any differences, such as the lack of a garage, fireplace, or even a swimming pool. In order to compensate for the differences in square footage of your subject properties, you can divide the sales prices by the square footage of living space to come up with a cost per square foot.

Replacement Cost – While not nearly as popular as the Comparable Sales method, another way of determining the value of a property is by estimating what it would cost to re-create the same property in the same area. You would need to determine building costs, the cost of materials, and also make allowances for depreciation of the property so that it is substantially similar to the property you are considering purchasing. If you're experienced at estimating building costs accurately and are aware of the current cost of building materials and supplies, the replacement cost method may be one which you will want to utilize. However, it isn't utilized very frequently. If the Replacement Cost method is one that you'd like to use to determine value, you could very quickly arrive at a figure by contacting a local contractor and asking them how much they would charge you by the square foot to build a home in the area of your subject property. Don’t forget to factor in depreciation to match the condition of your subject property.

Income Valuation Method – The third method of determining the value of a property is to use the Income Valuation Method, sometimes referred to as the Net Income Approach. This method is used to determine the market value of a commercial property or a residential property with more than five units. It’s a relatively simple process. First, determine what the gross income is for the property and then subtract all expenses, including debt service on an annualized basis. Multiply that figure by a factor of ten. The resulting number is about what your property is worth. What’s nice about this sort of property is you can increase its value simply by increasing its net income, reducing operating expenses, or both.

Once you’re able to determine the value of a property you can write an intelligent offer that doesn’t cause you to run the risk of overpaying for a property. Remember, though, that real estate prices are extremely volatile right now, so make sure any properties you use for comparative purposes are recent sales figures. If you have accurate numbers, you can write impactful, precise bids that stand a greater chance of being accepted and allowing you to turn average returns into explosive profits.

Residential prices subdued across major cities in India

Have real estate prices across major cities in Indian reached subdued levels? Experts believe that prices in Delhi NCR, Mumbai and Chennai have either witnessed a slowdown or have remain unchanged. The affordable category, primarily the sub Rs 20 lakh budget range is performing much better across major cities in India in comparison with the Rs 50 lakh budget range and above, claim industry sources.

According to aurumestates.com, the searches on the site under the Rs 25 lakh budget category is the maximum, standing at 41 per cent during the July to December 2012 period. Second most popular category is Rs 25-50 lakh budget range, with 29 per cent users searching in this type. The Rs 50-75 lakh budget range came in third in the search statistics, as per the site.

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Vivin Samuel Mathew, Regional Business Head - Western Region of VBHC says, “The primary reasons for the slowdown are strict monetary regulations due to high inflation, RBI not releasing funds easily making home loans difficult to get by and property prices reaching peak levels as the market has performed well in the last 2 years.”

Top Observations

• Affordable segment performing much better compared to Rs 50 lakh above budget range

• Weak consumer sentiments due to stricter financing, high inflation and impending elections

• Smaller ticket size buyers are more compared to larger ticket sizes

• Suburbs are proving to be the high investment zones compared to city areas

• Increase in raw material cost, labour and transportation costs is converting into higher price for residential projects

There has been a 20-40 per cent slowdown in transactions in the past 2 months in the Chennai and Mumbai market, Mathew added. From affordability point of view, the market is still better but the housing above Rs 50 lakh budget range is taking a hit.

In the case of Delhi, price levels across Delhi/NCR have remained stable, but the rate of increase might not have been as high as last year. Transactions too have witnessed a slowdown as compared to last year, says Harinder Dhillon Senior Vice President (Sales & Marketing) of Raheja Developers.

Niraj Agrawal of Niraj Estates points out that in Mumbai, only western suburbs like Bandra, Khar, Santacruz and Thane, Palghar and Vasind (outside Mumbai city limits) remain unaffected because of the economic slowdown. Areas like Lower Parel, Powai, Malad and Andheri have seen subdued price levels as there is an abundance of supply and no matching demand.

Since the last two years have been good in terms of prices and transactions, this financial year is likely to bear the brunt of the high that the market has enjoyed in the form of a slowdown.

Aurum Estates offers every solution that comes within the ambit of real estate business: sale& purchase, relocation, real estate investments, real estate consultancy and management.We believe in offering a solution that works and an investment decision that changes the lives of our customer.


Contact Us     
Vijay Chawla
Aurum Estates
Shop No 1 Main Sohna Road
Opposite Uniworld Garden,
Adjoining indian oil petrol pump,
Sohna Road Gurgaon
(Haryana) 122018 India
Tel : +91 124 3295123
Mob : +91 9811210388, 9999997969
Fax : +91 124 2217833
Email : vijay@aurumestates.com
Website : http://www.aurumestates.com

Posted by ravi khanna at 3:02 AM

Unique Gifts for your Best Friend on Friendship Day

Friendship day is coming and you must be wondering that what I should gift to him/her. Friendship day is celebrated on First Sunday of August throughout world. This year it’s on 4th August.

It is a celebration of true friendship and it was started in US in 1935. Since then it has started gaining popularity and today it is celebrated in each corner of world including India.

It is the day when friends exchange gifts like flowers, cards, and wrist bands.

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Friendship Bands
Friendship Band is one of the most popular Friendship Gift since years. Stores keep friendship bands much ahead of Friendship day.

These days friendship bracelets also come with attractive designs for both boys and girls. It is the best token of love.

Flowers
Fresh Flowers are always the best and the easiest way to express your love emotions. Carry an attractive bouquet of beautiful flowers for your friend which would have heart touching impact.

Choose your friends favorite flowers. In case your friend does not have a specific choice, you may safely go in for Yellow Roses as these are officially recognized as the Friendship Day flowers.

Chocolates
Chocolates are best friends of girls and also make a yummy and delicious Friendship Day gift for foodies.

Chocolate hamper of your friend's favorite chocolate would bring the million dollar smile on his/her face.

Soft Toys
Soft Toys make a cute Friendship gift. Soft Toys are especially appreciated by girls because they love to decorate their rooms with loads of soft toys and animals gifted by their loved ones.

Soft toys are available in cartoon character thus choose the cartoon character which she loves and it would leave a lasting impression.

Photo Frames and Photo Albums
Photo frames and photo albums are a much sought after Friendship Day Gift.

You may place a picture of you along with your friend or pictures of good time spend together to create beautiful memories.

Love CDs
You may gift music CDs to friends fond of music.

If your boyfriend has PlayStation or Xbox then Games CDs are also a popular Friendship Day gift for your boy friend

For more information visit : http://livinggifts.co.in/Friendship-Day-Gifts