The World's Cheapest Real Estate

Ever wonder which country has the cheapest cost of real estate in select cities around the world?

Many of the world's largest and most desirable destinations remain far beyond the budget of a middle-income family. Check out the infographic below for the cheapest real estate in the world.

Making the best choice in choosing the best property development companies

Many construction companies conveying world class quality and imaginative administrations, making economical esteem for their clients. There 3 types of construction - buildings, infrastructure and industrial. Construction projects varying in sizes from small to large scale property development projects. Large scale building developments including shopping centres, highways, bridges and heavy engineering.

In these modern days, new construction technology will help a project to improve efficiency, safety and performance of a development. New building construction techniques such as 3D-printing technology are being researched.

Real estates in the modern days

A construction project have to undergo a certain phases from concept structural design, review proposed building concept, approval of building concept, design specification, procurement of contactors, ground works, topped-out and fitting-out to the final phase.

There are many property developers involved in townships, high-rise residential, offices, homes and commercial properties. Property development is the process of buying, improving, and arranging new buildings to be built.

Property investment is the goal of earning a return of the investment, through rental pay, future resale value of the property or both. Investment property can be long-term or short-term, for example, a property is bought, renovated or rebuilt and sold at a profit.

Choosing the best property companies is the right choice

More people are renting their home than ever, and with foreclosures abound at record-low prices there’s never been a better time to convert a few bank-owned properties into a one-way ticket to early retirement. And the best part is that anyone can do it. All you need is a little bit of patience and a good work ethic.

To be a property investor, educate yourself before investing in a home. Research the market, join a local investor group and learn the process inside and out before you put your money on the line.

The best property management companies will be able to provide customer references, reviews and testimonials.

The duty of property manager is in charge with operating a real estate for a fee, when owner unable to personally collect rents or pay necessary expenses and taxes. 

DIY Landlord VS Professional Property Management [Infographic]

Being a landlord isn't easy. In effort to save more money, many landlord attempt to manage their own properties. But this result in more expenses and time spent, leaving landlord with large bills and unhappy tenants. Here is the infographic of DIY Landlord vs professional property management.

LEASING

Set The Rent - Identify similar units in the neighborhood and determine a rent that is comparable

Advertise - Advertise online and in the paper. Depending on the market, vacancies can easily last 2+ months, so be prepared to update your advertisements weekly to keep them at the top of online searches.

Phone Screen Applicants - Before meeting in person, it's important to vet the applicants during 15-30 minutes calls to make sure they are suitable.

Show The Property - Whether it be through open houses or private showings, be sure to make your property presentable.

Screen Tenants - Background and credit checks are a must to ensure tenants take care of your property and pay on time. Choose a tenant that you can trust and notify the others that they have not been picked.

Set Leasing Policies - Security deposit, and fees - Plan ahead to make sure all of these policies are set upfront.

MAINTENANCE

Maintain Building's Major Systems on Regular Schedule - From changing furnace filters to cleaning gutters, something always needs attention. A well maintained home will add value to your home if you're planning to sell your house or for property investment purpose.

Maintain Landscaping - Be prepared to stop by on weekends to mow the lawn.

Make Minor Repairs - Whether it be replacing a lock or fixing a broken window, these 'minor' repairs can add up.

Contract with Service Professionals as Needed - Is there a plumbing leak? Be ready wih a trusted repairman for larger tasks.