Cagetory | Real Estate

When Are We Really Leaving Our Parents’ Homes?

Times have changed and, naturally, society tries to adapt itself to these changes. Not too long ago college students, during the last years of their college career, would find well paying jobs. Having their tuition paid for and receiving their first salary, they could start saving up.

Once they were done with their college education, they found themselves with some savings and a reasonable amount of job experience, making it not so difficult to find a job with a reasonable salary. This was the moment for college students to cut the cord and become independent from their parents.

According to a study done in the National Institute of Statistics, only 9.6% of the 18.2 million Spanish homes are being occupied by a young demographic (25-29 years old). And it sinks to an even lower 1.7% for those who haven’t turned 24 years old yet.

If we go around Europe, we’ll find that 46.6% of young adults between the ages of 25 and 34 in Italy still live with their parents. Following close is Portugal with an impressive 44.5%. In Austria we’ll find a bit of change, nevertheless, it is still 21.8% of young adults who haven’t broken away from their parents’ nest yet.

In Germany, there is a total of 17.3% followed by Belgium with 16.1%.

Lastly, we have the United Kingdom with 14.4% and then France with 11.5%.

Contrary to what one would believe, young adults between the ages of 25 and 34 in the United States don’t find independence as easy as they did a few years ago. Many of them stay in their parents’ homes until they are able to form their own families. We’re talking about 13.9% of young adults who decide not to leave their parents’ homes.

If we continue our trip through the Americas, we will find very interesting data in South America.

The average of young adults between 15 and 24 years of age that have emancipated themselves is of 13.5%, in fact, they have even formed their own family.

We can notice the distinct difference that exists between countries, we find extremes like Brazil where 23.3% of young adults are the owners of their homes and in the other extreme we find Chile where only 6.6% of young adults are in the same situation.

It is also important to notice the difference amongst gender and regions. The amount of young women who own their own home is larger than the amount of men their same age.

Also, young adults in rural zones become independent much before those who live in urban areas.

This leads us to Argentina, where the average of young adults between 15 and 24 years of age who still live with their parents is 13.2%. Similar to Mexico, where the average is of 11.4%.

Much of these statistics are dependent on their country’s economy, but the larger part of these statistics is due to social characteristics and customs of each country.

In an ideal world, and following a logical chronology, young adults should decide what they want to study in college, be able to get the job they yearn for, and lastly, create the family they want.

Unfortunately, reality is much different. Young adults nowadays have to take these decisions simultaneously. Many of them face the need of having to help their families during economic hardships, and so they study while they work. This situation only gets worse once they leave their parents’ homes and reaches an even lower point when they form a family.

Posted on General, Real EstateReplies (3)

Planning to rent? Being commission savvy helps!

Whether you are searching for a HDB room for rent in Singapore, or whether it is any other private, commercial or industrial premises that you are looking to rent; knowing what the property agent commission guidelines are could save you tonnes of money. Being familiar with these rules may be especially helpful if you are a foreigner, or if this is your first rental experience.

In the paragraphs below, we’ll take a look at what the broker or agency commission practices around rental properties are.

No “rules”, just “guidelines”

As a prospective renter, searching either for a Condo for rent, or for any other type of rental property, the first thing you should be aware of is that there are no hard-and-fast rules for rental commission payable – either by the landlord or the renter.  So if someone tells you that “The law requires you to pay x%, y% or z% as rental agent commission”, they are probably not being forthright with you! The law does not enforce any commission rates when renters agree to rent or lease a room or a condo.

Most likely, when you are searching for a room for rent in Singapore, you will be dealing with brokers/agents who are associated with the Institute of Estate Agents, Singapore (IEA). And the IEA does not mandate any specific commission rates, rather it provides general guidelines and best practices to be followed by landlords, tenants and brokers/agents.

Having said that however, you should be aware of the “norms” that are currently applicable to commissions payable. And generally speaking, such remuneration is based on the level of service that the broker or agency offers, or upon the satisfactory conclusion of the transaction. In all cases, the commission payable is mutually agreed upon between the service provider (broker/agent) and the renter.

Generally accepted commission practices

As a prospective tenant, here are the general guidelines for rental commission that you should be aware of:

a)     If your tenancy term is at least 24-months, and the monthly rent for the property is above $3,000, then you are not expected to pay any broker/agency commission

b)     Should your tenancy term be less than 24-months, and in the event that the monthly rental value is below $3,000, then your commission could range between half-a-month to a full-month’s rental value

As indicated previously, these are simply broad guidelines proposed for determining rental commission payable by tenants. Your commission/fee could be different from these guidelines if, for instance, you request some additional services from your service provider. For example, you may try to rent at a very specific (seldom sub-let) location, or you might wish to rent a very specific property, or you might be looking for an expedited closing date. All of these may cause the broker/agent to expend greater than normal effort in the transaction, which could mean additional commissions/fees are applicable.

Regardless whether you are looking for a private residential apartment, house or a condo for rent, there are additional guidelines that foster transparency in the rental transaction.  For instance, IEA suggests that when dealing with a professional broker/Agency, your service provider is also not expected to accept any commission / fee from both you (the Tenant) as well as your Landlord, in the same transaction, unless he/she has received prior consent of the Landlord and Tenant.

Website: FlatsDB.com

Posted on Real EstateReplies (1)

Safe house, quiet holidays

Holidays are that time we think about the whole year to rest and disconnect from rutine. We also take to do that things se can´t do during the rest of the year.

Is the time to left rush and worries at home and take only the suitcase and the camera.

Taking some precautions at home we will fint it in the same conditions as we went.

Here are 10 easy ways wich helps us to get it:

1. Electrical devices

If we unplug the electrical devices wich are not esential, we´ll reduce shortcircuit risk and the fire risk it has.

Another advantage of unplug electrical devices is reduce the Plug ghost power consumption.

It will also protect our devices from overcharges in case of mains overvoltage

2. Shut off water and gas supply

When we shut off water and gas supply, if we have it installed, we are avoiding  flooding risk, or even worst, gas accumulation with a risk of explosion.

In case of a leak in any tap we also save money and water.

3. Install an alarm

Installing an alarm at our house will disuade burglars. If is possible, the alarm should be connected to the police, wich make it safier.

If an alarm is not enough, we can also install a cctv to identify burglars and have total control of our homes while we are out.

If we can´t afford for an alarm or cctv, we can use some signs advising about an alarm system or camera or alarm sensor models.

4. Don´t speak about valuable objects we have and don´t store them at home.

Walls have ears is really appropiate here. Speaking about our Jewels, electronics, works of art… will attract burglar´s attention. The less we speak our belongings in public the more safe we will be.

We can take some measures as having a strongbox or renting a safe-deposit box in a bank.

5. Left closed and reinforced all the possible entrances to the house.

Every door, Windows or even the chimney can be used as an entrance point to the house.

Before leaving we must close and ensure them, hindering the maximum to be oponed from the outside,

7. Don´t comment in public.

Although we were wishing to go on holidays or that travel we are waiting for months, we must avoid to share departure and return dates. Also we must not give any clue about them.

We will also be really careful about social media.  We never post a comment or a picture of our holidays just when take it. Burglars are smart and they monitorized social media to choose their new victims.

Going back to tradition, we won´t left a message saying we are out in our answering machine.

8. Simulate someone is at home.

Using a programmer to turn lights on and off, ask a neighbour to lift and low the persians, and took letters from the mailbox.

9. Exterior maintenance.

Clean access areas of leaves, dirty… or keep Hedges pruned. Do not store old furniture or ustensils gives the images of a dewlling house. And in worst case, burglars can not hide behing them.

10. Cleanning.

We pay attention to food and perishable products. If there´s a risk of spoil we must avoid it if we don´t want to find odor and a plague of insects when return.

Posted on Real EstateReplies (0)

Online group buying for real estate

Thanks to the social direction wich Internet is walking, everyday appear new ways to do things in a more profitable way for users.

Online group buying is a good example. Lot of users create a group to buy a product or hire a service. Being a big amount of costumers they get a better price and conditions.

Usually this buying groups are organized by an intermediary who negociate with the seller. This intermediary negocitate the best conditions for both parts.

The proccess can be the opposite too. The intermediary group first the buyers. Then they agree how much are they ready to pay for the product. After that the intermediary negotiate with the seller.

Most popular products in this kind of sales are fashion and accessories, but everyday is easier to find any product and service.

Even is possible to buy a home using this tool. Altough a home is perhaps the most important parchase we make during our lives.

Thanks to this online marketing tool both parts, seller and buyer, stablish a win-win relation.

Benefits for buyer:

- Reduction in home price.

- Saving money in mortgage loan interest.

- Neighbours with similar interests.

Benefits for Sellers:

- Fast sale of homes.

- Get liquid money.

- Save money in marketing and promotion.

What´s your opinion about group buying?  Can it be an effective tool for real estate? And for buyers?

Posted on Real EstateReplies (0)

Energy efficiency at home

Energy efficiency is one of the main factor in home sustainability.

Appart from energy efficiency, homes can be more sustainable if energy come from renewable energies.

Matching these factors we can get a self-sufficient home.

Let´s see how it can be done and its benefits.

Reduce energy consumption

Some aspects we must attend to reduce energy consumption.

- Energy efficient electronics – each new generation of electronics have better features and less energy consumption. Depending on the geographic area there are different regulations for that.

- Isolation – a properly isolated home can save 30% in energy necessary for heating.

Room temperature is another point to take into account. Recommended temperature is 20º. For each adicional degree consumption increases in 5%.

- Use natural light as much as you can – we´ll decrease energy consumption with this simple tip. For lights we can choose low consumption lightbulbs, or even better led lightbulbs wich are much more efficient.

Generate our own energy

We can combine previous tips with renewable energy sources and get a more energy efficient home.

- Renewable energies – we can get electricity, hot water and heating from solar pannels. Another choice can be wind energy using a turbine.

- for the heating we can choose a biomass boiler.

mitula-homes-solar-pannels
Image source: http://www.solarpowercost.org/solar-roof-tiles/solar-roof-tiles

Posted on Real EstateReplies (0)

Tourism as you want

When we hear holidays everyday is less common the image of palms in a white beach and blue sea in our minds.

In the past few years some kind of tourism has reached. This fact have made dissapear umbrellas and towels from the beach.

Nowdays ther are a wide range of options to spent our holidays. We can choose them according our likes, our budget and our time. In the following lines we are going to show you some kinds of tourism:

Adventure tourism

Adventure tourism gives you new and exciting experiencies. Risky sports are related to this kind of tourism. At first sight it seems to be the opposite for vacation, but some people really loves it.

Cultural tourism

Anothe king of tourism wich is gaining followers year by year is cultural tourism. In this case, cultural tourists don´t spent much time resting. Do sightseeing, visiting museums, monuments or enjoy regional food… don´t left enough time to rest if you want to make the most of your travel.

mitula cultural tourism
Image source: http://loretahur.nirudia.com/129

Film and tv tourism

We add film and tv tourism as a new kind of tourism to the list. Films and tv shows are followed by millions of people. This have made that some places which appears on the screens are now visited by lot of followers.

Thanks to this fact, some places have became really famous, and it isn´t strange to see a follower posing as movie stars.

Tourism as the means of transport           

Another factor wich create different kind of tourism is transport. For example, we can choose a bicycle. In this case we will have chosen cicloturism, an interesting option for those sports enthusiastic.

If we aren´t so sporty, we can drive. We can drive a caravan if we like to camp but not the disadvantages of a tent. Or we can choose to ride a motorbike, if we like  to devour kilometers riding our bikes.

mitula cicloturism tourism

Image source: http://www.flickr.com/photos/avoyali/3476162010/in/photostream/

We are consciuous that there are more kind of tourism we don´t mention today, so we encourage you to share your experiencies with them.

Posted on Real EstateReplies (0)

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