February 28, 2017

20 Facts about Real Estate

Most of us, if not all, know that a real estate is an ideal investment a person can make. Although it may be overwhelming sometimes, home buying is one of the most exciting moments a homebuyer can experience. And yes, as a homebuyer, you need to consider a lot of things to succeed with the investment. Regardless of the location, be it in Bonifacio Global City or any other areas, owning your dream home is just incredible. 

 20 Facts about Real Estate
 hrough the years, real estate has become innovative when it comes to their properties. But did you know that there are more to real estate than merely home buying? Real estate investment may be a broad thing, to begin with. But let's get to down to these twelve facts below about the real estate you may never hear before.

1.    In the Philippines, condominiums only have a lifespan of 50 years. Building structures standing for over 50 years should be treated as obsolete and uneconomical.
2.    Foreigners can't own land in the Philippines. They can only own condominium units, as long as the corporation who owns the company is at least 60% Filipino-owned.
3.    Buildings are classified in terms of quality. Buildings are categorized based on several factors, not just architectural design and height.
4.    Historically, real estate has been shown to be a good investment. Many home investors have lost a lot of money in the real estate market. However, it has proven to be profitable over time.
5.    Home investors need a realtor. Real estate expert can help you save money and keep you out of any potential legal issues. Hiring a realtor is worth paying, especially when you see the results.
6.    The property's price does not include taxes. Other incidental and miscellaneous expenses will come during the registration process.
7.    Did you know that McDonald's is not a burger-flipping restaurant chain, but the world's best real estate? And because McDonald's owns the best commercial real estate all over the world, they get paid handsomely, while franchisees do the burger flipping.
8.    The architect of the Chrysler Building secretly built a 125 ft long spire inside, to compete in the world's tallest building. When his competitor's  building was completed, the spire was pushed up through the building making it taller by 119 feet.
9.    In 1945, a B-25 bomber pilot crashed into the Empire State Building. The impact snapped the cable of the building's elevator shaft. By the time the carriage reached the bottom, a thousand feet of cable had piled up beneath it, acting like a spring, which allowed the lone occupant in the car to escaped injured but alive.
10. In the United States, there were more foreclosures than there were marriages in the year 2009.
11. Did you know that Donald Trump has filed for corporate bankruptcy four times?
12. On 9/11/01, the owners of the World Trade Center scheduled a meeting on floor 88 of Tower One to discuss what to do in the event of a terrorist attack. They rescheduled their meeting the night before, because someone couldn't attend.
13. Did you know that the famous Las Vegas Strip is not located in the city of Las Vegas? It is situated in a city known as "Paradise" – which is completely surrounded by Las Vegas, to avoid tax.
14. The Burg Khalifa is so tall that you can watch the sunset from the base of the building, take an elevator to the top, and watch the sunset all over again.
15. When Apple was building a new date server in North Carolina, they paid one elderly couple $1.7 million for one acre of land. The couple had purchased the property 34 years earlier for $6,000.
16. In Scotland, homeowners paint their front door RED when they pay off their mortgage.
17. Brass doorknobs disinfect themselves. Several metals including brass, copper, aluminum, iron, lead and silver are antimicrobial and they kill bacteria and brass is the most antimicrobial of them all.
18. Using prefabricated modules, some builders in China are able to build 30-story skyscrapers in as little as 15 days.
19. Leona Helmsley, an hotelier, and real estate magnate left $12million in her will to her dog, Trouble, in 2007.
20. India's richest person built a $1 billion home. It has 27 habitable floors, including six parking floors for a capacity of up to 168 cars.
There's nothing more satisfying than knowing how real estate had changed over time. And of course, it is also a great thing knowing the fun facts about real estate that we never heard before.

February 21, 2017

Living With Tough Winters? 3 Strategies To Extend The Life Of Your Roof

Modern roofs are extremely durable, but they don't last forever. Extreme temperature changes can wreak havoc on your roof and drastically reduce its lifespan. That is why everyone who lives in a cold climate should know exactly what they can do to prevent catastrophic damage that will cost them thousands.

1. Keep the Gutters and Downspouts Clean

Downspouts and gutters are designed to direct water away from a home or business so that it does not damage shingles or walls. When these systems become bent or clogged, it will allow water to pool near the base of your roof. Depending on where you live, you might need to clean your gutters and downspouts as often as once every two or three weeks. You should also inspect them whenever a new storm blows through to make sure they have not become cracked or pulled away from the roof.

2. Cut Branches Back

Many people are surprised to find out just how much damage a small branch can do to a roof. In addition to the initial impact damage, they can also cause ice dams to form by preventing snow and rainwater from running off the roof. At the very least, all healthy trees on your property should be inspected and pruned at least once a year. If you believe that the tree or soil might be unhealthy, then the tree will most likely need to be removed entirely. When trees are allowed to grow as large as possible, they can eventually damage your roof, walls, and foundation. An experienced arborist can help you determine if a sickly tree needs to be uprooted and removed to prevent further damage.

3. Schedule Preventative Maintenance

No matter how much time and energy you spend trying to maintain your roof, there will come a point when you need professional help. An experienced roofing contractor can help you prevent thousands of dollars in damage by taking care of minor issues before they become major headaches. They will be able to seal, strengthen, or completely replace certain sections of the roof that have been weakened by a harsh winter. They can also install roof heating systems that will extend the lifespan of your roof by getting rid of lingering moisture. It is also a good idea to schedule preventative maintenance for your home’s heating and cooling from professionals like those at Winters Heating Cooling, as minor damages to this can cause huge complications for your roof. This is especially important in the winter, when misdirected heat could cause more warm air to melt snow on certain parts of your roof more often than others. This could cause uneven wear and tear of your roof as the snow slides off.

Allowing your roof to fall into disrepair can be an incredibly expensive mistake to make. With the proper maintenance and some help from a contractor, you might be able to double your roof's lifespan and completely prevent unnecessary damage to your property.

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6 Tips For Buying Your Dream Home in the Cayman Islands