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Turn-Key Luxury Home In Hale

Areas such as Alderley Edge, Hale and Prestbury have had their Edwardian and Twenties suburban homes demolished in recent years to make way for modern mansions. During the boom years these homes were bought for their plot of land, flattened and replaced with open plan high tech houses all around Cheshire. Local cried out as they witnessed perfectly good homes being razed to the ground, they felt that the mansions were too big for the plot of land. Hale has a mixture of these homes along its fancy residential streets but one of the houses stands out from the crowd. A resident of Hale for twenty years, Rittu Kumar, has built a spectacular home which is not only furnished but fitted with the bed linen too. She feels that the boom years of developers buying a plot of land for £1million, spending £1million on the build and then selling for £3million have now disappeared. These developers have now gone out of business; she has adopted a different approach with her turn-key homes. Any person interested in one of her properties only has to turn the key in the lock.

Her first project was a house in Carrwood in Hale Barns, the house was valued at £5.5million. The house was over three levels and 9,200sqft in size. She bought the one acre plot in 2007 and demolished the sixties home that was on the land, she built a classic house making maximum use of the sloping site to create two storeys at the front and three storeys at the back of the house. Along with her business partner, an interior designer, she left her distinctive mark inside the house. She uses bold colours, hard woods and glass, something your average developer would not. She uses textured leather on the walls or purple and red fabrics and there is no cream and magnolia throughout in her homes. She hopes to bring the high end turn-key homes to Cheshire that the Candy brothers create in London. Her next project is two flats in Mayfair and a villa in Cannes. She makes sure that every room has at least one striking feature and the Cheshire house has a £100,000 cinema room installed which comes equipped with twelve leather chairs.

The house has been on the open market since October but she expects it sell in the spring but she has already been offered rental of £25,000 for the house. However she feels that a wealthy entrepreneur will buy the house and not the expected rich footballers of the region. The property market in Hale is doing well and so she might get her buyer in the end.

Can A Log Cabin or Mountain Vacation Home Pay For Itself?

When the real estate market was thriving, vacation homes were a luxury that only those with expendable income could dream of owning. Today’s market sets a different tone for second homes with a country wide rise in affordable properties and some of the lowest interest rates in centuries. While second homes of years past may not have been able to pay for themselves, is it possible for today’s vacation home to pay for itself?

When vacation homes were more of a luxury and finding affordable log cabin foreclosures was like searching for lost treasure, the idea of renting out a property for a few weeks a year to counter expenses and taxes often left owners falling short. However the market is flooded with mountain homes for sale and log cabin foreclosures galore. The log cabins and mountain vacation properties available now have a greater chance of producing a positive cash flow if the buyer is diligent in making sure it does just that.

An affordable second home purchased at or below market value would need to be rented for at least 12 weeks out of the year to start paying for itself. This is about 3 months, and for mountain vacation rentals this works great for summer rental properties, but can work equally well for log cabins located in ski areas or attractive fall foliage areas which can extend their renting season beyond the 12 weeks of summer. With renting out a mountain vacation house you have to book the property early. Leave room in your rental price to offer a discount for booking the property for the next year to encourage return renters. It also pays to advertise your log cabin or mountain vacation home on the Internet where you are able to reach a wide audience for minimal expense.

A huge money saver and big step for making your mountain vacation home pay for itself is to leave the middleman out of the picture. Management companies suck upwards of 30% of your rental income into their pockets and not in yours. Handling rentals and maintenance isn’t that difficult, even from a distance. Consider a reasonable property manager instead of a property management company but check the references well as a bad property manager has the potential to hit your return on investment pretty hard. You should take the time to establish relationships with local services near your mountain vacation home and a simple calendar can make scheduling rentals a breeze.

Selecting the location of your mountain vacation home or log cabin will also play a big role in its’ ability to pay for itself. Obviously you will want to select a property in an area that people would want to rent. This usually means a resort area or an area with local attractions in addition to a beautiful mountain setting. Once you select an area to purchase a mountain vacation home, you are going to want to check to be sure the area does not have any fees for vacation-home-owners or costly permits for renting out the property for less than a month at a time. These fees would have an obvious negative effect on the bottom line of your investment and you would need to adjust your weekly rental rate accordingly.

If you have decided to take the plunge and are looking to purchase a mountain vacation home and have it pay for itself, here are the final questions that you need to ask yourself. Are you ready to invest a lot of time and research into costs, maintenance, taxes and more before buying anything? Are you willing to give up use of your great mountain vacation home during the peak renting seasons for at least the first three to five years? Are you willing to put in necessary work for unforeseen issues that arise with any property purchase? And finally, you need to be sure that you can cover the cost of the property should times get rough or you are unable to rent. If you can answer yes to all these things, you just might be ready to buy a log cabin or mountain vacation home that can pay for itself.

Home Alarm System – Luxury Or Necessity?

Crimes against personality, encroachments on personal property and unauthorized intrusion into our homes, progressively increase each day. Make sure this does not happen to you! Today, the home alarm systems are not a luxury, but a necessity!

Choose your intelligent home alarm system and get the key to your security.

What is a standard home alarm system?

The main function of a standard home alarm system is to guard small spaces like a house, apartments and offices, notify you or the home security system company for any attempt for penetration or security problem. A home security system can not only protect you from theft. According to your individual needs can be combined with CCTV, fire alarm systems, access control. Such system can be configured for remote observation by local authorities, security company or even the neighborhood watch.

System Configuration

These devices can be connected to various sensors such as volume sensor (detects changes in the volume) (PIR), the door sensor (magnetic contact), etc. thereby enhance the protection of your property (housing). In such system, any alarm situation activates the alarm (usually sound and light siren) or the automatic dialing device of the previously entered different numbers (e.g.: mobile phone, phone servicing of your security company, neighbour hood watch unit, the phone in your office and phone of the police). The door opens only by registered RFID (radio frequency identifier) card or entering a PIN (personal identification number), and any attempt to enter with non-registered card leads to activation of the alarm.

Home Flood Insurance

Home flood insurance is a necessity depending upon your location. If you live in an area that is prone to storms of all sorts and you are aware of the damage caused despite pre-emptive measures, then this type of insurance is a must. The NFIP or National Flood Insurance Program was established to provide insurance plans to those living in areas that are constantly at risk of water damage.

If the community or neighborhood you belong to is already part of the NFIP, you could sign up with the help of an insurance agent. If the community you are in does not have coverage, ask assistance or consult regional legislators on ways to transform it. As a homeowner, flood insurance is a good investment because you never know when nature could strike. This insurance is a policy that most homeowners neglect since they do not live near the coast or near large body of water. However, the climate is unpredictable so even if you do not live in these areas, floodwaters could still affect your home.

A flood insurance policy can avoid extra costs and future headaches. Make sure to research and evaluate the cost of flood insurance and what it covers, as well as your homeowner’s policy. While the NFIP helps people affected by water damage, the funds are limited and there is no guarantee that you will get enough to cover the cost of losses incurred. Furthermore, the President should declare the flooding to be a disaster. When you have a flood insurance policy, the insurance company will reimburse you of the losses you incur from the flood of the expenses on repairs due to damage caused by flood.

You have to present a list to your insurance provider of the damage in your home and they will take care of the rest. The last thing you need after a flooding occurs is to worry on how to pay your bills for the next month. That is why, regardless if your area is prone to flooding or not, a flood insurance is necessary because safety is always important. It would not be a good idea to wait until something untoward happens before you take action. Weigh your options well and decide if paying a small amount every month is worthwhile to protect your home and family. Keep in mind that when flood happens, it would be too late and you could end up paying for the damages caused by flood.

Without a flood insurance, there is a chance of facing a big risk that could seriously lead you to being broke during an inconvenient and unexpected time. Remember that our homeowners insurance does not cover flood damage and even a few inches of water inside your home can result to thousands of dollars lost. Flood insurance is available to homeowners and renters. Keep in mind that there is a thirty-day waiting period as soon as you purchase a flood insurance before it goes into effect, thus, it is important to have a policy as soon as possible before flood waters threaten your home and your family.

How a Luxury Home Rental Could Enhance Your Family Holiday

While staying in a hotel has its own benefits, if you’re going away for longer than a few days, renting a villa or holiday home will make your experience that bit more enjoyable. Not only will you have somewhere to rest your head after a day of sunbathing, swimming or seeing the sights, you will also have your own space to relax, cook and entertain in.

People often tend to steer away from renting private accommodation, fearing it will be too expensive and subsequently blow their budget. But think of all the money you’ll save by cooking your own meals in a vast and beautiful kitchen. Instead of dining out in pricey restaurants and spending money on entertainment, you can find it all inside a villa.

If money is no object, there are plenty of holiday homes that will provide extra services such as a chef to cook your food, as well as maids and butlers. These are optional and will come at an additional cost, but it goes without saying that hiring someone to care of your day-to-day chores will have a big impact on your relaxation and enjoyment levels.

Plus, if professional staff are taking care of your washing, cleaning and cooking duties then you will have more time to spend with your children and partner. This will enable you to truly take a break from the duties of your everyday life, letting you really switch off and unwind or spend more time exploring the local area as a family.

A villa rental is a great alternative for families who don’t want to stay in a hotel. Hotels typically provide little entertainment for children, and while there may be a family lounge available, you probably won’t want to spend all of your time in there. Plus, if you don’t want to eat out in restaurants every night, you may be stuck for an alternative.

What’s more, if you’re sharing a hotel room with your children, there will be little opportunity for you to spend time with your partner or friends once they have gone to sleep. By renting a holiday home with multiple rooms, you will have plenty of space to relax and entertain in, including vast dining rooms, lounge areas, stereo systems and even home cinemas.

What’s more, some luxury accommodation options include access to a pool that both you and the kids can play, swim or relax in. In some cases this offering may even extend to an outdoor bar or even a spa area. Some of the larger holiday properties may also include gyms, while others offer a full concierge service and waiting staff.

In order to truly reap the benefits of your surroundings, try to find a holiday home with a beautiful view. Depending on where you’re planning to stay, you may be able to find one up in the mountains or with an ocean view. Being able to enjoy these views will make your whole trip feel more like a break from normal life – something we all need once in a while.

A luxury rental will undoubtedly make your family holiday more enjoyable. You can rent houses, villas, condos and apartments – in some cases at a very reasonable price. Whether you opt for a small, two-bedroom property or something larger (villas can sometimes accommodate 8-10 couples) it will have a big impact on your trip.

Tips on Marketing a Luxury Home

When thinking of luxury real estate you can expect to pay more than five hundred thousand dollars for a home. With the economic recession behind us, the market for luxury homes is booming once again. The market is now getting the benefit of the rising income levels of people along with their desire to own a lavish, grand residential space. It is just as easy to sell a luxury home as it is one that is affordable to those without a lavish income. The market will basically targets the individuals with high net worth that also has big cash reserves and is looking for high quality living and potential investment options. These luxury properties are usually found in an up-market locality where the residents can enjoy a lifestyle that is world-class and has ultra-modern amenities.

One thing to note is that the prices of a luxury home can be very volatile. At one time, they can be at their peak when the demand is at the highest point and then it can drop substantially where you have no buyers in the market for luxury real estate.

There are many different ways in which you can market a luxury home. One way that is very important is that you will need to advertise aggressively. You should use mediums of advertising like radio, the internet, newspapers, and television effectively to attract potential buyers. You can also use billboard and pamphlets as a means of advertising in order to draw the attention of potential buyers. In your advertisements, make sure that you highlight the specifications, layout of the home, the location, and the facilities to generate more curiosity.

You can also organize seminars and exhibitions where you can showcase the luxury properties that are available to the buyers. Ask the sales representatives to interact with them personally and be able to solve your buyer’s queries. Convince them how investing in the properties will be in the long term advantageous to them.

Make sure that you can assure your potential buyers that they will have legal clearance on the homes they are considering purchasing. No buyer wants to spend millions, or even hundreds of thousands of dollars on a luxury home only to find that there is some form of legal trouble related to the property.

You can also hire a brand ambassador, who could be a celebrity that works in some of your commercials that is helping to promote the luxury properties you are trying to find a potential buyer for. Make sure you promote the luxury home throughout the world as a potential buyer can come from anywhere.

Buying A Luxury Home

Living in luxury is something everyone craves for but only a few can afford. People work for hours on end become a workaholic just to achieve their dream of a luxury life. Be it a new BMW or a grand home everything that is expensive can be put in the category of a luxury life. If you cannot actually enjoy a luxury life then there is no point of working hard. Likewise if you are rich and yet lead a simple life what is the point of all the money in those bank lockers? Get yourself a life something which can be termed as luxury. Luxury homes are something which most people spend millions on. It is a passion which has craved through ages and which in turn paves the path for many in the field of interior decoration and luxury home related works.

Now if you understand what a luxury home is you will also understand that it has to be a person from a very high society. To afford one of these you just don’t need from a well to do family rather from a very rich one. Now what characterizes luxury homes in different countries is really different as the way of life varies from place to place. Besides two key elements, i.e. marketing status and property value also largely depends on the geography of a place.

Few factors which are usually used to determine the value of a luxury home are views, availability of different amenities, surrounding areas and homes, waterfronts, commercialization of the place, peacefulness of the area, and lastly but in no way the least: the architectural and historical importance of the place. Remember the better these factors the more luxurious your house is considered and more is the value of the house too.

The emerging popularity of luxury homes is making its market boom like never before. He real estate market is concentrating its resources heavily on luxury homes. Companies are now even coming up with personalized magazines to reach out to their target groups.

It is usual from a luxury proper to start at a low price of a million and climb up to billions from here. You must know however that a luxury home is about the high quality of life and not about the cost involved. People who want to live a luxury life know how not to compromise on quality for prices. Also a home especially if it is a luxury home is the best possible investment in today’s economic scenario.

Many of you looking at luxury homes I am sure are more interested in sea side homes than anything else. However there are few things which you must consider before you actually buy a luxury house.

Now if you get a house on the sea shore you will need to keep in mind that sea water is saline in nature. Its influence on both the house and your cars is actually quite bad. Be it the electrical equipments or appliances everything seems to be affected by the salty breeze. Maintenance thus will be a huge requirement for houses close to the shore. Do not live in the illusion that only on stormy days will you encounter this problem coz it will be actually an everyday issue.

Remember just buying a luxury home doesn’t do wonders. Maintaining it is another challenge which you will need to keep up to. The costs involved in the maintenance will also be equally high as its costs. Bear this in mind before you actually purchase a luxury property for yourself. If you have the money to maintain a luxury property then well and goof go for it and enjoy the live VIP style.

Tips for Buying A Luxury Investment Home

Buying a luxury home is a little different from buying the average tract house. Obviously the expense itself is a large concern, but more and more luxury buyers are using the home as an additional asset in their overall investment portfolio.

In the 1950s the dream was to find a home and pay off the mortgage, now many financial advisors recommend using the mortgage as a way to not only offset income taxes but to leverage capital for other investments. For those just entering the luxury home market, it’s important to know what to look for so that the home not only provides a pleasant living environment, but also appreciates in value.

First and foremost… location. Cities, communities, neighborhoods are all very important factors in purchasing a luxury home. More than many home purchases, finding the right real estate agent can make a huge difference. Your agent should be able to direct you to homes in areas with appreciating value and know the reasons why.

Communities and neighborhoods are also very important. Many luxury buyers look for gated communities; security and privacy are important aspects to the home’s location. If you are looking in a location which offers views, such as a beach town or city, then you also want to have a nice view. Remember that if this is intended to be used as a part of your financial portfolio, then increasing value is a critical part of the home purchase.

There are common amenities seen in most luxury homes:

• Upgraded kitchens and bathrooms

• High ceilings

• Open floor plans

• Specialty rooms, such as library, media, gym, bonus or wine sellers

• Larger garages or parking for more than 3 cars

• Nice outdoor entertaining areas

• Reputation of neighborhood

Get a complete inspection done on the property. Spending a few hundred dollars on this expense you can save thousands in problems that you cannot see. By, getting a comprehensive full inspection you can rest assured that you know everything that is wrong with the luxury property. In the contact for the luxury house you need to make sure that you have provisions to have a complete inspection preformed, and if the inspection finds problems that are going to cost more money that you are willing to invest you can get out of the contract with no penalties. It’s commonplace to inspect suits, dresses, trousers or shoes before buying them. People instinctively know they need to try on clothing to be sure they fit, feel comfortable and are attractive on them. Isn’t it even more important to inspect a home investment before you purchase it?

Luxury homes in the United States have become a great investment tool. The United States luxury home market is still more affordable than most countries. As this trend continues, the value of these homes will rise accordingly. Foreign buyers are flooding our luxury home market with cash. Purchasing a home for yourself in this environment might not only provide you with a lovely home but could appreciate in value significantly over the next few years. A luxury home purchase is a great way to diversify your financial portfolio.

What You Can Expect From A Luxury Home

Most people define luxury majorly in terms of price but there is so much more to luxury than just the amount of money you spend. It is very hard to define luxury homes in an exact way because this is something made up of several factors. If you are looking for a posh home to buy, there are some general qualities expected within it and they are what together create the luxury that is the home. Below are some of the features that such homes tend to have in common.

Prime location

Luxury homes tend to in coveted locations like on the beach or overlooking a sea for that matter. Others are in secluded mountainous areas or atop one while others may be overlooking a beautiful city. It all depends on whether you wish to have your home in the city or the country but generally they will be prime located attracting high end buyers for that reason.

High price

Like mentioned earlier price does interpret luxury and most homes under this category will be highly priced. Different areas attract different prices but you cannot expect to pay anything lower than half a million when looking for a luxurious home to and the prices can go way up into tens of millions depending on the magnitude of the property.

Exquisite amenities

Luxury home carry the most exquisite amenities in that you can conduct your life right from your home without needing other services out of it. Most will have a gym, spa, swimming pool, Jacuzzis, arcade rooms, movie theaters and even decontamination rooms. Some luxury homes come with outrageous amenities and they are what attract the buyers because they make the property unique, self-sufficient and convenient in every sense. They are some of the factors commanding prices apart from location.

Premier quality

Luxury homes have everything selected with care from the appliances, finishes, design and even materials used for construction and décor. They are all cut above standards so you the buyer can have something to pride yourself in. Hardwoods, marbles, crystals and Venetian plasters among others are common components in the homes.

Exclusivity

High end buyers including high profile individuals and celebrities treat their homes as serene refuges hence privacy is given center stage in luxury homes. If the home is not located in a secluded land large in size, then privacy will be achieved using foliage covers, high walls and tightly gated entrances sometimes complete with guards to keep the peace.

Luxury homes without doubt have so much to offer to buyers; as long as you can buy it, you can enjoy it. Some buyers actually look for homes that have interesting stories or histories behind them to give them that edge that everyone yearns for. Whatever the choice you make, you can definitely expect much more from a luxury property than a standard normal home. The choices are numerous so finding your ideal luxury home should not be too much of a task.

Property Investment Loans and the Luxury Home Market Still Suffering

Both the luxury homes and the investment property market are still feeling the pinch of the credit crisis, with loans hard to come by and substantial excess inventory. The process of arranging loans to buy property has been drastically affected since the Lehman Brothers crash, and most lenders have increased their lending criteria by a substantial margin.

It is unlikely that a borrower will be able to arrange financing without at least a 25% deposit available. When one takes into consideration the increases in charges and fees to arrange a loan, realistically this needs to be closer to 30%. Until such times as the commercial property losses accrued and coming due over the next 18 months have been declared, lending is going to remain restricted and the markets will continue to devalue.

Some markets may recover sooner than others, but the problem of overbuilding – particularly in the “luxury” segment is likely to continue to cause a problem for some time. With the end of the 125% “jumbo loans,” and a return to rational lending, one has to wonder how much of the current inventory is going to be unsalable.

It is hard to accurately predict where the turn around point will be – and there will be one, but many are calling that point and have been calling it almost since the downturn began. But – I feel this problem is still unresolved and this one is too big to “hype,” our way out of. The underlying fundamentals: lack of credit, upcoming banking losses in the commercial property sector, and rising unemployment have not changed.