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Ecuador Laws: 4 Important Details About Rental Properties and Real Estate in Ecuador

Ecuador Real Estate laws should be part of the information that you will research before you move into this country. It is important for you to understand the specific laws that apply to Real Estate in Ecuador and that you will adhere to once you live in a new country. Regardless of where you plan to retire or relocate, you need to be a law-abiding resident to avoid any unfortunate incident with the local government.

Foreigners typically have to understand the rental laws in their host country because most of them like the flexibility that comes with this type of living arrangement. It is important to be aware of this so that you can avoid any untoward incident with your future landlord or landlady or maybe even a purchase of Real Estate in Ecuador. You want to keep yourself from violating any of the local laws and at the same time, you want to know your rights as a tenant and as an owner of Real Estate in Ecuador.

4 clauses in the Ecuador rental law that you should be aware of & how it affects Real Estate in Ecuador

You should be happy to know as a renter that Ecuador Real Estate laws about rental homes are tenant friendly.

To give you a brief understanding of your rental rights in Ecuador, here are the 4 important details that you have to know.

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Why Should You Invest in Flats in Perumbakkam?

A rapidly developing suburb of Chennai, Perumbakkam is known for its close proximity to the IT corridors in OMR and Sholinganallur. It is bordered by Medavakkam in the North, Semmencherry in the South, Sholinganallur to the East and Sithalapakkam to the West. If there had been no IT companies near this locality, then for sure the real estate here would have not had so much of demand that it has now. To put it in other words, the real estate in Perumbakkam is mainly driven by the IT corridors near it and by the professional population working in this IT hub. Several new residential projects are popping up across Peumbakkam with a considerable uptick in demand. While many of the professional population have already flocked the area to buy homes, there are still a few who are in dilemma whether they should invest in Perumbakkam or not. Here are some of the reasons that will make your investment in Perumbakkam worthy.

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Professionals Make a Beeline for Madipakkam Residences

Flanked by Velachery and OMR, Madipakkam is definitely a great place to settle down in Chennai that is ever expanding its municipal borders. Guess who are heading straight to Madipakkam for an address to call their own? Professionals from all corners of Chennai. It is no wonder that Madipakkam has grown into a commercial centre of sorts since the last decade.

A few years back, the region had only few houses in a block. Today the streets are teeming with multiple storey apartments of all sizes where occupants have already flocked in. Madipakkam rental properties are in hot demand owing to their quick connectivity to all parts of Chennai. Although big names of Indian real estate development are yet to set foot in Madipakkam, the region is already dotted with a good number of properties that represent lifestyle living.

St. Thomas Mount is the nodal railway station that provides MRTS connectivity across Chennai. A journey from Madipakkam to Chennai Central station can be covered in less than 45 minutes. The Velachery railway station is also in close vicinity for those who want to reach Central Chennai locations like Mylapore, Mandaveli, Triplicane, Santhome, etc.

Take the Velachery Inner Ring Road down the Alandur high court road and you can reach the Chennai International airport in less than half an hour. The Keelkattalai bus terminus offers bus connectivity to as far as Chengalpattu and Chennai Fort.

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Sparkling Future For Estate Agency

These days the growth factors have been taking a very vast and quick turn which is entirely leaps and bounds and coping with these immediate changes is something very challenging for the different industries. Every industry has its own setup and this may move according to the demands made and the changes evolving. The technology industry needs a very quick response if a business needs to be in the market for a future intent. However, the property and estate agent industry has now been on a steady position and there are bright chances for it to remain income generating in the future. On the other hand, the internet service providers which used to offer the card system have become extinct.

When it comes to focusing on the real estate business specifically one may expect the brightness of future for a number of reasons a few of these reasons may include the following:

Boom of Residential Spaces

These days at every point what we see is the construction of a new residential space which may be a bungalow or a huge building. The population is increasing day by day and with this the demand of residential properties is also increasing with the same pace. Therefore the future of estate agencies here may prove being a very outstanding one because when it comes to the sales and purchases of these residential spaces there is a major chance of the business of real estate to take a boom. The relation between the real estate and the residential properties is a direct one because people need a home for shelter and real estate may give a perfect deal.

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4 Things That Will Help Fetch the Right Resale Value for Your Property

So, you have decided to part with your home. Wondering how to get the best deal that will justify holding it is an investment property until now. Before you put up a notice for sale, or start passing the news to your near and dear, consider the fact that the reality market is some parts of the country has been sluggish.

Hence, it is worthwhile to put in a little bit of effort that will make your property look a lot more attractive to potential buyers. Here are some expert tips that will help enhance the resale value of your home by tens of thousands if not few lakhs.

Pep up the exteriors

As soon as a home is bought, homeowners spend time, money and energy in designing the interiors to their whims and fancy. What they miss to see is that, the exteriors play a major role in creating an impression in the minds of a potential buyer than the interior. It is the exterior that is first seen before they take a walkthrough of the interiors. Hence, pay attention to pepping up your exteriors in equal measure to the interiors to get a better resale value.

Creating additional space

An extra room is fine, but what if it serves no purpose? Moreover, what if that extra room does not fit into the ergonomic layout of the home properly? Instead, think of ways to increase the space inside the home. There are plenty of architect firms with interior designers and vasthu consultants who help altering the physical dimensions of any home to make it appear spacious and airy. A spacious home will fetch a higher resale price than one which boasts about a tiny and ill-fitting extra room.

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Five Renovations That Don't Increase Home Appraisal Value

Every homeowner must do routine maintenance to their home that more or less just maintains its current condition. However, some homeowners decide they want to improve their home's value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Homeowner's are very biased when it comes to their own home, they see the things they have done to it and think dollar for dollar the home's value should go up with each improvement, this is not often the case. A potential buyer or real estate appraiser may be unimpressed with certain improvements, what you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.

Below I am going to outline Five Renovations That Don't Increase Home Appraisal Value.

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You Need to Know This About Home Appraisals

A home appraisal is a critical component of any real estate transaction that involves a mortgage loan. If you are refinancing you will need an appraisal, if you are selling your home to someone that needs to get a mortgage, he or she will need to have an appraisal done.

What Is a Home Appraisal?

A home appraisal is an opinion on value by a qualified, unbiased third party. Mortgage lenders require an appraisal to be completed when you are refinancing your mortgage. An appraisal is also completed in a transaction when someone is buying a home to make sure they have not over paid for it.

Mortgage Lenders require appraisal to ensure that homeowners are not over paying for a property because if the borrower stops paying for the mortgage the lender will take action to remove the borrower from the home and sell it to recoup their money, this is why it is important for the home to be worth more than the money loaned. In essence, a home appraisal is a lawyer of protection for the mortgage lender.

The Appraisal Process and How Appraisal Values Are Determined

These are the main factors that influence your home's appraisal value: current market trends which are reflected in the comparable properties the appraiser selects, the house's features,, square footage, number rooms/bedrooms & bathrooms, condition, is the property considered up to date, landscaping and exterior condition and parking (garage). The appraiser will do an interior and exterior inspection for the above noted factors and will also make note of any deferred maintenance which will be included in the report for the lender.

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The Importance of Master Planned Communities

Why Master Planned Communities?

According to predictions, there will be changes around the globe in the future that will challenge the way people live. These changes include:

Much higher gasoline prices

Greater emphasis on energy efficiency

Environmental protection and other green features

Growing water shortages

A 24-7 world that will demand amenities that are open 24-7

To be able to keep up with the global changes, innovations are needed, especially in the real state industry. Understanding the future requires understanding the demographics and how they influenced the market. Thus the birth of the Master Planned Community.

What Is A Master Planed Community?

A Master Planned Community (MPC) is a large-scale self-sustaining residential plan. It has a number of various essential amenities not normally found in a regular housing subdivision. A Master Planned Community gives the ability to work, live and play all within walking distance. Some real estate professionals consider this type of luxury real estate development a "Mixed Use" development since they include retail, housing and entertainment In previous times, clubhouses and pools were at the top of home buyers' lists. Today, access to neighborhood retail services, high quality restaurants and health care is becoming the top priority according to the latest research. People want to get access to everything they need quickly and at reasonable prices, thus walkable access to civic use areas is in high demand.

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How to Deal With a Low Home Appraisal

Want to learn how to deal with a low home appraisal? In a competitive real estate market, a home being sold may enter into a multiple offer situation which could potentially raise the purchase price above the comparable sales in the area. In a situation like this, it is possible that the home appraisal for the buyer's mortgage lender will come in lower than the purchase price. In a real estate market that favors buyers (home prices are soft or declining), sellers can also face a home appraisal that is lower than what they paid for the home if they bought the house at the peak of the market. Be aware that a low home appraisal can happen in any type of real estate market.

Why Do Low Appraisals Happen?

Here are a few reasons why a home appraisals may come in low:

Inflated home price because of multiple offers.

Declining real estate market due to a large inventory of homes and not enough buyers.

The seller has overpriced the home.

The real estate appraiser lacks experience and doesn't understand the influences on value.

The real estate appraiser incorrectly selected his comparable sales for his report which may have resulted in a lower home value than what should have been assessed.

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This Housing Bubble Is Set to Pop

For generations, it was always a good bet to invest in a place Americans call home. Housing had almost always increased in value, and you received a multiple of whatever you invested into it in your total return.

Until 2008 that is.

That's when home prices tanked and our economy entered a recession, leaving people like you and me holding the proverbial paper bag when it comes to overpriced and overleveraged mortgages.

Since then, the root cause of the housing bubble has remained in place - easy-money policies by the Federal Reserve to fuel lending. It has led to another housing bubble.

One that is set to burst sooner than most are anticipating.

Since 2009, the Fed has pinned interest rates near zero in an attempt to prop up our aging, lackluster economy.

With a sub-2% GDP growth rate, it's hard to believe that this has been a success.

But the easy-money policies have propped up aspects of the market, just not in the pockets of the everyday American. Instead, it has bloated the pockets of Wall Street and investors.

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Expansion of Metro Is Likely to Increase the Property Prices in KR Puram

According to the sources, the advantage of seamless connectivity certainly plays a vital role in boosting the property prices in KR Puram. With the development of the second phase of Bangalore's Namma Metro, the locality will be connected to Baiyappanahall. The real estate experts predict that the price of the properties in KR Puram is expected to be increased by 20 to 30%.

When it comes to property investment, Bangalore offers several good localities to invest in. Apart from it, the home buyers can have a multiple choice while buying a property. Krishanaraja Puram is one such area that offers a wide range of residential properties. Particularly, the demand for home is high among the working professionals who have their work locations in Narayanapuram and Mahadevapuram.

Located along the National Highway (NH) 4, Krishanaraja Puram has emerged as the reatly hot spot after the existence of Information Technology (IT) in Marathahalli and Whitefield. Thus, the real estate developers build residential projects in this region by targeting the IT working professionals.

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The Next Real Estate Collapse

As daily commutes go, I have nothing to complain about when I point my car toward Sovereign HQ each morning. The traffic congestion on Interstate 95, South Florida's main artery, is horrendous. So I take the scenic route, the coastal beach road known as A1A.

The views of the Atlantic Ocean are nice. But more recently, I enjoy the drive for a different reason. It's a ringside seat to the extravagance of the now-deflating luxury housing bubble I warned about three months ago. Recent data point more ominously to a serious problem in this sector.

Each day, my drive on A1A takes me past what is the single most expensive new home for sale in the United States: Le Palais Royal, under construction for the last five years.

Situated on 4.4 acres of beachfront, the "spec mansion" features the Atlantic Ocean as its backyard. The front yard is a nearly 500-foot deep-water expanse of the Intracoastal Waterway - perfect for even the largest private super yacht.

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Rent or Buy? Which Option Makes Sense for You?

If you are the individual who is weighing the option of buying or renting a house, you need to consider a few factors. Your financial situation has to be assessed for your long-term planning and that it is not that simple as well.

Understanding your house budget and expenses

It is wise to review your household budget in comparison to the expenses before you begin looking for a new house. You have to find out how much can you afford to pay for accommodation without putting a burden on the budget.

You simply cannot go for rent or mortgage payments if you are unable to pay them on time. Several factors are involved both for renting or buying that should be considered prior to making a decision.

What are the requirements while renting or buying a house?

Your credit history and credit score are crucial and that they will be looked upon by the rental agency or the landlords for the mortgage or rent. You will be checked whether you are can pay the bills on time and are not overdue with the loans or the credit card balances. You have to check your score and credit history before applying for the apartment or the mortgage.

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Realtors Need a Unique Success Mantra

The real estate demand has reached around 1.35 billion square feet by 2020 in India. This is said to be up from around 900 million square feet currently. Out of the total numbers around 85% will be for the residential properties in India.

According to the reports, the sale of residential properties have slowed down due to low demands by customers at the current rates. This is leading to an inventory overhang is metropolitan and other major cities. Due to this slowdown, the builders have increased the discounts and are offering attractive offers so that there is some improvement that is seen in the condition of residential properties in India. However, the developers as well as the real estate sector needs to do something very differently to achieve success in this sector.

There has been a change in the real estate model and this will change more often and continuously and at a more rapid speed. However, the developers need to find the ways that these changing scenario can be a profitable one for them as well as the buyers. The builders are not able to understand this changing scenario and how should they cope-up with these changes. Once they get a hand on experience about these changing scenarios, definitely, there is no looking back for the residential properties.

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The Best of Milton Real Estate

How special it feels to be living or moving in to a place which is the fastest growing municipality in the Golden Horseshoe. Fastest growth means more development, better opportunities and modern architecture. You will be able to find various kind of flats, apartments and houses fulfilling all of your needs.

Whether you want compact apartments and houses for your single use or your small family, maybe you want a massive house built with wide rooms and bedrooms for your large family, or maybe you want to go for more luxurious villas... you will get well-built real estate of your choice in Milton.

Population

Milton is the fastest growing municipality according to the census conducted in 2006 and 2011. The census showed that Milton is experiencing approx. 71% rise in population from the year 2001 to 2006 and saw roughly a 56% surge in population from 2006 to 2011. The population of Milton, in 2014, is approximately 100,000, but as it is growing rapidly, its population in 2031 is forecasted to be approx. 220,000.

You will also have no problem communicating with the people in Milton as approximately 70% of the population are native English speakers, according to the census of 2011. The remaining 30% people can also communicate in English as their secondary language.

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How Buyer's and Seller's Markets Impact Homes for Sale

Nothing is as fickle as real estate. Housing prices may rise or fall for any number of reasons. Although they can make investing in your own property a bit of a risk, with a little bit of knowledge the informed shopper can easily make the best decision possible when looking at homes for sale.

Buyer's Market

Simply put, a buyer's market is a result of the economic principle of supply and demand. In this case, there are more properties in supply (i.e. for sale) than there is a demand for them, meaning that those looking to invest in real estate have a lot of options to choose from. Supply and demand fluctuate depending on how many new customers enter an area and how many homeowners in the region have decided to stay in their properties.

In these circumstances, there are plentiful homes for sale, which favors those interested in investing in residential property. The geographic region and price ranges are favorable and the cost to purchase is relatively low. If housing in an area tends to take more than six months to sell, then it is considered a buyer's market. You can easily find how many days a property has been listed on various real estate sites.

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Lakeview in New Orleans: The Comeback

Hurricane Katrina and the levee breaches that followed absolutely decimated Lakeview in New Orleans. However, Lakeview, perhaps more than any other neighborhood in the New Orleans, put forth an extremely robust rebuilding effort. This neighborhood has made a most incredible recovery since the storm. Lakeview always was a very family oriented neighborhood. Young professionals have flocked to the area to rear their children. The safety of the neighborhood coupled with the fact that it is in New Orleans make it one of the more thriving neighborhoods in the city.

Lakeview and Hurricane Katrina

Lakeview was one of the most spoken about areas of New Orleans during the massive press coverage provided from the hurricane. With a multitude of photos showing the devastation of the area, Lakeview became a household name and the keynote neighborhood referenced when the press referenced New Orleans homes affected by the massive storm. Because the Lakeview subdivision is located so close to the levee breach, it represented the defining point between the areas affected and not affected by the breach of the levee.

Since many of the homes in Lakeview were owned outright and were not required to have flood insurance by a lender, many Lakeview properties didn't have flood insurance when tragedy struck. This had many homeowners in the area looking for other forms of financial assistance to assist in rebuilding. Once again, this put Lakeview in the forefront of conversations of "how to rebuild New Orleans".