Tuesday, February 7, 2017

Investing in Turkey Real Estate - What One Can Expect From It

Hello Blog Readers,

Before I start my discussions, let me introduce - Imtilak Turkey Real Estate

Their team believes in the importance of finding real estate investment opportunities that will raise the value of investment and profits of Arab investors of various segments of society and orientations.

They provides the best offers for the Arab investors and for those willing to own in Turkey a real estate, and that is in terms of the appropriate tourist sites, the value of the real estate investment, and the budget allocated for the purchase.



Istanbul is one of the oldest inhabited places on planet earth. With its history dating back to an almost 650BC when it was first established as a Greek village, the settlement soon developed to become one of the most historically significant metropolises in Eurasia and the Mediterranean.

With the city being the seat of power for the Eastern Roman Empire, later the Byzantine Empire, that was a medieval expansion of the former regime and later on a Turkish metropolis, the city has exchanged several peoples and changes in governments and kingdoms for almost twenty centuries! The history of Istanbul is in itself a history of two millennia of civilizations that have ruled it.

Investing in Real Estate Istanbul and properties can be a risky undertaking even for some of the most experienced financial gurus. Never knowing what lies head or what kind of a party you're dealing with, some of the biggest risky undertakings is in the real estate sector. Given the scale and initial investments needed, real estate can either be a boon or a bane for the investor.

Houses For Sale In Turkey is primarily in this region. From sky reaching residential apartments, offering 3-4 bedrooms and commercial centers and hotel apartments complete with full quality furnishings and furniture, the western section gives you the best standard of living nowhere to be found in Eurasia while giving an intense tourist experience when you land in the eastern section.

Real estate in Istanbul is fast becoming a focal point of the city's economic activity. With a typical Mediterranean climate, rich history, traditions and bright prospects that the city provides to investors, Istanbul is indeed a safe have and a heaven for real estate investors.

Investment opportunities in Istanbul are not just limited to the city's real estate sector. For example, you can invest directly in the commercial portion that lies around the western edge. Areas like the Levant offer professionals and office goers with an ideal place to work in. Istanbul is also a moderately dense city with most density existing only around the older parts where streets get narrower and nostalgic. On the contrary, districts like Gunesli, Bahcesehir, Sefakoy, Beylikduzu, Bakirkoy, Kagithane and Esenyurt are some of the best examples of modern Istanbul with properties in commercial and residential apartments, where you can easily invest in an office and get hefty returns. Besides, the city is always open to tourists and investors that are provided the best of security and advice by the government.

There are many investment options available when it comes to property for sale in Istanbul. Independent homes are something which are most sought after and they are in huge demand especially amongst the youngsters. These independent homes offer a metropolitan lifestyle a luxurious living.

According to a recent tourism survey, Istanbul ranks fifth when it comes to the most visited cities in the world with 11.6 million tourists per year. And owing to this, the real estate market is booming as well. The properties for sale available in Istanbul are regularly scooped up by tourists for homestays. And apparently, this city has something to offer for everyone. With rates beginning from $60 per square foot and going all the way to $500 per square foot, Istanbul essentially caters to all the classes of people.

Friday, February 3, 2017

Important Things You Should Know About Reserve Study

Hello Blog Readers,

I warmly welcome you all.

Before I start my discussions, let me introduce - Reserve Study

Brian McCaffery, President of McCaffery Reserve Consulting earned his Bachelor of Science Degree in Architectural Engineering from the University of Colorado in Boulder.

During his professional career, Brian has worked for multiple companies that perform reserve studies. He has performed over 4,000 reserve studies throughout the state of California and the United States. Brian is a certified Reserve Specialist, designated by the Community Associations Institute (CAI).

The Reserve Specialist designation is awarded to experienced, qualified reserve specialists, who through years of specialized experience, can help ensure that your community association prepares its reserve budget as accurately as possible.

I already joined their team at Google Plus | Facebook | YouTube | Linkedin   


The reserve study consists of a number of estimates and assumptions. All of them are important, but one stands out as having significant impact upon the calculation of needed reserves - remaining life of components. As an example, if your previous reserve study indicated that the remaining life of the roof was 15 years and it is now determined to be only 10 years, then you have much less time to accumulate the needed funds, which translates into higher assessments. That is considered a change in estimated remaining life.

A Reserve Study is a technical and financial analysis of the community-owned assets within a common interest development. The study should include the following elements in a clear, easily understood format:

(1) Component inventory and details
(2) Remaining useful life estimate of inventory
(3) A current replacement cost estimate for each component
(4) An analysis of the association's current financial condition
(5) A funding model summary
(6) Funding recommendations, including a 30 year projection
(7) Appropriate disclosures
1. The Reserve Study establishes a schedule by which funding for the maintenance, repair and replacement of major common area components are achieved.

2. This funding schedule provides assurance to property owners that funding to maintain the property will be available when needed.

3. Community members are assured that their investment in the community will be enhanced over time through an equitable and systematic approach to accumulating the replacement reserves.

4. For those responsible for the governance and management, the well prepared reserve study is an invaluable management tool; providing community Boards and managers with the information they need to better engage in long range planning and advance scheduling of major component repair or replacement.

5. The Reserve Study provides accountability in the form of a written, historical record and helps to document the accountability of past managers and association boards with regard to the stewardship of association assets or reserves.

An important variable for you to consider is whether to go over the existing siding with the substitute material or strip off the existing siding before applying the challenger siding. Clearly, there is a significant increase in cost for the latter. The nature of the substitute siding will help you evaluate the likely appearance of siding over siding as part of your decision. Invoices for the past cost of repairs and painting will be well known. After all, those costs are why you are doing this exercise.

Your return on investment results from computing when the accumulated costs for repairs and maintenance equals the cost of the re-siding. If the period of time and the aesthetics of the application are acceptable and the funds are available for the initial investment, then go for it.