Real-Estate Articles

Taking Title When You Buy

(category: Real-Estate, Word count: 419)
Share this article on: Facebook, Twitter, Whatsapp

Taking title to a home can seem like a boilerplate event during escrow, but it is very important. The prime question is how you take title.

Taking Title When You Buy

If you are a first time buyer, you are probably wondering what taking title refers to. It is not the act of accepting a piece of paper from the seller. Taking title refers to who is listed on the title and HOW they are listed. If you are not married and are buying the home alone, you can stop reading now because you simply take the title in your own name. If you are married or buying the property with another person, things get a bit complex.

Most buyers take title in one of three ways - joint tenancy, tenants in common or as community property. Here is a closer look at each.

Joint tenancy is a popular method of taking title. Joint tenancy simply is a co-ownership situation where the purchasing parties are both listed on the title. The advantage of this form of ownership is each person on title has the right of survivorship, meaning that if one of the owners dies, title passes automatically to the surviving owner. Joint tenancy also offers tax benefits in the form of a stepped up basis. It is beyond the scope of this article, but the general idea is that the surviving owner gets to step up the cost of the home, which saves on capital gains taxes.

Tenants in common are essentially partnerships to own a property. They are generally disfavored because of tax issues.

Taking title as community property occurs often, but the buyers often do not realize it. If you are in a community property state, such as California, you pretty much take title as community property unless you hire a lawyer to find a way not to. Community property states have an overriding policy that funds from a married couples estate, not to mention assets, are jointly owned by both regardless of anything in writing. There are, however, some advantages to this approach. Upon the death of one spouse, the other gets a major stepped up basis on the cost of the home. When the property is sold, this results in substantial savings on capital gains.

So, which title should you choose when buying a home? There really is not one correct answer. You simply need to analyze your specific circumstances to make the best choice.

Selling Property Without A Real Estate Agent

(category: Real-Estate, Word count: 381)
Share this article on: Facebook, Twitter, Whatsapp

I am going to sell my property without an agent. This refrain is being heard more and more these days as the Internet and real estate market evolves beyond the realtor-based transaction.

Selling Property without A Real Estate Agent

FSBO is an acronym meaning for sale by owner. The advantages of selling as a FSBO are numerous. With real estate commissions of six percent, you are looking at immediately saving tens of thousands of dollars in commissions. If for some reason this does not entice you, keep in mind you can use the savings to undercut the prices of similar homes in your area. This will move your house quickly off the market and let you get on with your life.

The key to selling your property is to be prepared. First, you need to find out the value of the property by looking at comparables in your area or trying an online valuation service. Once you have the value in mind, you need to determine whether this is acceptable. You also need to determine what you are really willing to accept as a sales price once haggling is completed. Always make sure you know your bottom line and stick to it.

The next step is list the property online on a FSBO site. Over 70 percent of homebuyers now find their properties online as the realize there is no need to endlessly drive around looking at homes that they may or may not be interested in. By going online, they can see what each home offers and then visit the appropriate property.

Given the use of the Internet by buyers, it is vital that you spend the time to upload pictures with your listings. You are only going to generate interest if the buyers can actually see the property. Every site allows you to upload digital photos and you should do so. Take care to show as much of the property as possible so that you can generate leads that are truly interested in buying.

Sellers wonder if they are correct to think they can sell their property without a realtor. With the Internet revolution, it is easy to do so and save tons of money on commissions.

Home Foreclosures And Big Profits Just Another Myth

(category: Real-Estate, Word count: 590)
Share this article on: Facebook, Twitter, Whatsapp

Everyone would like to find a way to make a lot of money without doing a lot of work. Getting rich quickly seems to be the American dream. And if you watch a lot of late night television, you might think that you have found the ticket to fast riches by investing in foreclosed homes. There are advertisements that offer to tell you the "secrets" of buying distressed property with no money down and five figure profits in as little as 48 hours. Other advertisements state that foreclosed houses are available "in your area" at rock-bottom prices or that some troubled owners are "desperate to sell." Can this be true? Is there easy money to be made buying and selling foreclosed property?

Home foreclosure is the process by which a home is taken from a buyer by someone with a lien against the property. Most of the time, the lender initiates this when the buyer has not made payments on the mortgage for an extended period. Lenders are not really interested in taking back houses; they would much rather have cash. As a result, foreclosed houses are usually sold at auction in so that the lender might recoup their investment.

Due to rising interest rates and rising house prices, many people have found themselves with mortgages that they cannot afford. But are people really letting houses go at auction for pennies on the dollar? Can you buy a foreclosed home today and sell it next week for a huge profit?

The truth is quite a bit less exciting then the advertising would suggest. Here are some reasons why buying and selling foreclosed property isn't all it is made out to be:

There is tremendous competition at the auctions. Believe it or not, you will not be alone if you appear at a real estate auction. In fact, in these times of sky-high prices, bidders will be plentiful as everyone is trying to save a few dollars. Most of the time, the hammer price on such auctions will be very close to, and sometimes higher than, average market prices. The competition is fierce.

You must pay, in full, right away. If you do purchase a home in a real estate auction, you will be expected to pay for it, in full, immediately. If you don't have six figures in liquid cash sitting around, this might not be for you.

A lot of such property is damaged. Property damage is common, and you may not be permitted to do a full inspection of the property or the damage ahead of time. This is truly a case where "buyer beware" can apply.

There may be title issues. It may or may not be possible to obtain a clear title on the property. Most professionals who buy such property spend countless hours doing title research, thus putting a dent in the notion that you can make money this way on a part time basis.

What about the owner who is desperate to sell before the lender forecloses? The current market is still pretty lively. No one is going to sell you property at one third off when they can just put a "for sale" sign in the front yard.

The idea of making a fortune buying and selling foreclosed property is lucrative for those people who market books about the topic. For everyone else, it's an expensive, risky, time consuming job. If you are looking for a quick dollar, you won't find it in foreclosed property.

Anchorage Alaska Real Estate

(category: Real-Estate, Word count: 547)
Share this article on: Facebook, Twitter, Whatsapp

Anchorage, Alaska, is located in Anchorage County and lies 1434 miles northwest of Seattle, Washington. Anchorage has a population of 260,283. Its residents enjoy outdoor activities like kayaking through Prince William Sound, fly-fishing, skiing, and hiking and a relatively mild climate.

Anchorage is a historical and bustling city that serves as the transportation, banking, and business center of the state. Notable structures include historic buildings such as Anchorage's City Hall, built in 1936, as well as the 4th Avenue Theatre, an art deco style building dating from 1947 with stunning floor to ceiling bronze interior murals.

Anchorage, incorporated in 1920, is a relatively young city, and homes built in the 1950s almost enjoy historic status. Nevertheless, the city's vibrancy has earned Anchorage the reputation as the new 'in' city for travelers to Alaska as well as new residents, who come for its excellent transportation system, mild weather, and central location.

Anchorage Homes

Anchorage properties pool is 94,822 residential properties including Anchorage new homes. The median age of real estate in Anchorage is 1977. The average Household size is 3.19 people. 4% are one bedroom homes, 19% are 2 bedroom homes, 46% are 3 bedroom homes, 24% are 4 bedroom homes, and 5% are 5+ bedroom homes.

Anchorage Mortgage Statistics

Homes With No Mortgage 14%

Homes With Mortgage 86%

First Mortgage Only 74%

First & Second Mortgage or HELOC 12%

Anchorage Area Real Estate Tax

Anchorage Real estate Tax: Median Real Estate Taxes (2000) were $2,523 comparing to 1999 Median Family income $ 63,682. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Anchorage School District: Children make up 29.1% of Anchorage population. Anchorage has 75,871 under 18 years old residents, or 0.58 kids per one worker, or 0.8 kids per one household.

Anchorage Real Estate & Anchorage Home Ownership

Most residents of this city have come from elsewhere in the United States. Many came to work in the oil fields. Alaskan Native peoples comprise about 8% of the population. The city also has a growing population of Asian and Hispanic residents.

There are 21809.06 or 23% one person households, 30343.04 or 32% two person households, and 17067.96 or 18% three person households in Anchorage, Alaska. Median residents age is 32.4, Senior citizens (65+) make up 14,242 or 5.5%% of Anchorage population.

There are 131,228 workers (over 16 years of age) in Anchorage. Of these, 89% drive to work. Approximately 2.02% of workers in Anchorage take public transportation. An estimated 2.66% walk to work.

Median Anchorage homeowner's housing expenses are 20.9%

Crime in Anchorage (2003), crimes per 10,000 residents per year

Violent Crimes 67

Robberies 13.06

Aggravated Assaults 43.91

Property Crimes 449.74

Burglaries 54.48

Larceny-Thefts 349.27

Motor Vehicle Thefts 45.99

Invest in Anchorage Properties

When making a decision about buying real estate in Anchorage Alaska area, you should consider following statistical data:

Near Medium City

Near Large City Seattle, Washington

Anchorage Zip Codes 99501, 99502, 99503, 99504, 99505, 99506, 99507, 99508, 99513, 99515, 99516, 99517, 99518, 99529, 99530, 99540, 99599

Anchorage Area Codes 907

White population 72.23%

African-American population 5.84%

Asian 5.55%

American Indian & Alaskan

Hispanic (of any race) 5.69%

Median Family Income (1999) - $ 63,682%

Population Below Poverty Level - 7.18%

Outdoor Rooms Add Great Value

(category: Real-Estate, Word count: 350)
Share this article on: Facebook, Twitter, Whatsapp

Outdoor rooms are all the fashion in areas where the climate can support the use of them. Florida is a great example of such an area. With an unrivaled climate and number of sunny days per year the outdoors is a perfect spot to add a functional room that will add thousands in value to your home. Plus it can take advantage of available space while creating a beautiful and useful room that is not hindered by walls and conventional restrictions.

There are some guidelines that you should follow while planning an outdoor room. You should set out the amount of space needed beforehand and make sure that you make contingency plans for any needs that may crop up along the way. The usual choice for an outdoor room is an additional kitchen/dining area. As kitchens are the most social room in a home, it makes good sense that this should be the outdoor gathering spot. Be sure to allow enough space for all the necessary amenities like a grill, sink, counter, and seating. Another thing that must be considered is the effects of the weather and nature. If the area is under direct sunlight all day long then a gazebo or pagoda will be necessary for the area to be comfortable. Also, netting might be a good idea if the area has a tendency to be frequented by insects.

There are many ways that you can personalize this kind of space. The decoration of such an area will be quite different from traditional decorating due to the lack of walls and other normal "art spots." However, the effect can easily be achieved by the use of plants, creative seating and knick-knacks and decorations on the flat surfaces. Also take into account the effects of lighting for the evenings and try to create a special aura for the area. As an area where much of the year is spent outdoors, Florida homes are the idea spot for these rooms. The addition of one will surely see a great ROI when them home sells.

Blogging Makes Real Estate Brokerage A Whole New Ball Game

(category: Real-Estate, Word count: 547)
Share this article on: Facebook, Twitter, Whatsapp

"Blogs are telling it like it is at the street level," said Brad Inman of Inman News, a big real-estate news group. Inman said real-estate blogging began in the Bay vicinity, took hold in New York and has now dispersed across the country.

For instance, blog posters might expose flaws at new developments or buildings like roof leaks or heat inadequacies or tawdry craftsmanship or upkeep. They might warn buyers away from dishonest or incompetent agents or overpriced modern housing. They can permit buyers know that a neighborhood can not be secure, that an vicinity floods every spring, or that jets aviate directly overhead when the west wind blows.

It is not all negative. "Comments on our posts often talk about how great a neighborhood is or praise brokers or landlords," said Jake Dobkin, publisher of Gothamist.com which has sites covering 15 cities.

Blogs also support even the playing field for consumers. Usually, just professionals could get full access to like price levels and property circumstances. "Blogs add information - they level the playing field for consumers," said Dobkin.

Making sure you have your ear to the ground is key.

Alexis Palmer, operations head for Curbed.com, which covers New York and Los Angeles, states the strong suit of these sites is that they tell people extra about the areas they might be deliberating moving into. "You can find out about the neighborhood's character," she said, "what kinds of restaurants, stores, and clubs are there."

The info is told by people like you. "Normally, in real estate, most of the information available comes from those representing the sale of properties," said Palmer. "They have a different agenda than the consumer."

Although on numerous blogs anyone can publish and there is trivial fact controlling or exams for truth, that does not entail the information is too untrustworthy. "You get a robust corrections from the community of readers," said Palmer.

It is not only local real-estate or locality circumstances that the bloggosphere plays up. Some, such as real-estate research supplier Jonathan Miller's Matrix.millersamuel.com undertake different national issues.

"I come across information every day about the industry and my blog site is an opportunity to get my take out there," said Miller, that puts up uncomplicated advice and information for buyers on messages like how real-estate deals are made up, alterations in government backed motgage programs, and the course of mortgage costs.

According to Inman, agents, across Web sites like Realtor.com, offer quantitative information about houses - square footage, amount of rooms, etc - but do not explain what the household is actaully worth. bloggers can aid fill that niche with quality based information. He points out a property description can appear on a blog and be promptly backed up or reviewed by posters.

People who know suppose that blog sites empower purchasers, enabling them to produce more skillful picks, receive services at a better value, and locate more effective brokers and additional service providers. It can even assist them cut in to that average six point broker commission when they sell a property, According to Dobkin, by affording them the information and assurance to carve out more enhanced trades.

Handling Your Own Shower Drain Installation Project

(category: Real-Estate, Word count: 592)
Share this article on: Facebook, Twitter, Whatsapp

Upgrading a bathroom is one of the more popular home improvement projects. Handling the plumbing for draining your shower can be exceedingly simple unless you go overboard.

Handling Your Own Shower Drain Installation Project

Whether you are a bathtub or shower person, most people look for shower only options when buying a home. This simple fact means more than a few homeowners spend a weekend upgrading or installing showers in their bathrooms. Fortunately for you, it is a fairly simple process.

A collector or pan refers to the horizontal surface located at the bottom of the shower. The collector typically consists of a non-slip surface slightly banked towards the center or wherever the drain is located. Combined with three to four inch walls around the side, the goal of your shower drainage plumbing is to get the water to flow to and down the drain.

You can physically build a collector for your new shower, but you really need to think about it. Do you really want to get into the complications of getting the sloping correct, not to mention making sure every aspect of it is waterproof? And I mean every aspect! It is much easier to simply buy a pre-cast collector online or at your local Lowes, Home Depot or hardware store. Building one might sound like a great idea, but you will probably feel differently after a couple of hours.

Regardless of how you go about getting a pan, you should make every effort to use one that has the drain located in the same spot as the original pan. Moving the drain pipes can be a task, particularly if the builder used a unique framing structure. If you are determined to move the drain, you are going to have to cut back the pipe or lengthen it, which may mean ripping up large chunks of the floor. Put another way, you are going to be looking at a multiple weekend project.

Assuming we have our drain lined up, the actual hook up is fairly simple. The drainage pipe should be facing vertical up to the collector. It will often look like a "U", which means it acts as a cleanout to keep nasty smells from coming back up from the drain. To connect the drain, you are going to create a water tight connection between a drain cap on the top of the pan and the drainage pipe. Systems vary, but you are typically going to do this by putting a coupling piece on the top of the drainage pipe. This is then covered with gaskets and literally screwed into the drain cap. The drain cap should act as a locknut, to wit, it screws directly onto the coupling.

The tricky part of this process is getting your drain cap to fit into a watertight position in the pan. This is accomplished by backing off the drain cap once you are sure everything fits together. At that point, you put plumbers putty around the underside of the cap and then screw it back on. The putty should form a tight seal between the cap and the shower pan, which keeps water from trickling under it and into the framing under the shower.

Obviously, bathroom showers come in a wide variety of styles these days. If you purchase a collector, they almost always come with plumbing instructions or the store can note anything unusual you should know. It sounds complex, but is typically pretty straight forward. Have fun!

Is Fsbo Safe

(category: Real-Estate, Word count: 771)
Share this article on: Facebook, Twitter, Whatsapp

Safety is often raised as an issue in FSBO (For Sale By Owner) real estate sales. Some real estate agents try to scare homeowners into listing with them by claiming that is unsafe. Some homeowners are unsure how to show their property safely.

By taking a few sensible precautions there is no reason why selling your home FSBO (also known as private sale) should be any less safe than selling through a real estate agent. In fact selling FSBO should be safer. There is nothing that a real estate agent does to vet buyers that FSBO homeowners cannot do for themselves.

What does a real estate agent do?

Real estate agents claim that they vet prospective buyers before they visit your property but what does this mean? Does the real estate agent check whether the buyer has a criminal record for violent crimes or theft? Of course they don't. At best, the agent may get a name, address and contact number of the buyer before they visit.

Getting a contact number for buyers is easy, just ask when the buyer calls to enquire about viewing your property. Before the buyer visits call them back to confirm that they are still coming. This lets you confirm that the contact number is genuine and also reduces the likelihood of no-shows.

FSBO advert contact details

It is advisable to limit the amount of information that you make available through online FSBO advertising. Some homeowners include their full name, telephone numbers, e-mail address, street address of the property for sale and times when they are at home. Whilst including this information is not enough to forge documents such as a passport it is enough to gain unwanted attention from confidence tricksters.

A potential buyer only needs to know your first name to make polite initial contact. There is no need to include your surname and titles in your FSBO advert.

Choose an online advert that protects your email address. There are programs that trawl the web looking for published email addresses. If you post your email address in your FSBO advert you are asking to receive spam.

The better FSBO sites such as www.smartvendor.com.au have online messaging systems that allow buyers and sellers to communicate online while keeping email addresses private

When selling your own home a mobile (cell) phone is invaluable. Not only are homeowners less likely to miss a call from a potential buyer but also a potential thief cannot cold call the property to check whether anybody is home.

Open house inspections

We don't recommend holding an open house viewing when selling your property. Open house inspections are hard to supervise and many buyers find viewing a property with lots of other buyers unproductive and frustrating.

Real estate agents use open houses as a way of getting leads about other properties that are for sale. Often the real estate agent will stand at the front of a house to make sure buyers receive details of their agency. But once inside the property buyers are allowed to roam around unsupervised.

Potential thieves can use open house inspections to check out security systems and case the properties if left to roam unsupervised. Don't provide too much detail relating to your home's security system to a buyer on their initial visit.

Common sense rules

When you are holding viewings of your property follow these common sense rules:

Remove all valuables from the property. Take them off site preferably in a safe deposit box. Don't just put them in a drawer.

Make sure there are two people in the property at all times. Ask a friend or family member to accompany you. Only one of you need conduct the viewing.

Keep blinds and curtains open during viewings this allows people outside to see in to the property and will potentially deter somebody thinking of getting up to no good.

Showing your property after dark

Allowing buyers to drop in for viewings without a prior appointment is not recommend and especially not if the buyer is requesting an impromptu viewing after dark. Politely explain that you're happy to show your home during daylight hours, when the buyer can fully appreciate your home's wonderful features. Offer a flyer or information sheet to take away.

FSBO may not be for you

FSBO is not for everybody. In order to sell your own home you must be prepared to show potential buyers around the property. If you are uncomfortable doing this or feel that your circumstances would make you especially vulnerable it would be wise to consider using a traditional real estate agent.

Appraisal Valuation Of Subsidized Housing

(category: Real-Estate, Word count: 1417)
Share this article on: Facebook, Twitter, Whatsapp

The purpose of this article is to analyze valuation methodology for several atypical types of apartments. Various circumstances and situations can cause an apartment complex to have above-or below-market rental rates, occupancy rates and operating expenses. This analysis examines the following two situations:

1.low-income subsidized apartments, which receive above-market rental rates from HUD or another government agency, and

2.projects that are part of the Low Income Housing Tax Credit (LIHTC) program.

The LIHTC program was established by the U.S. Congress to encourage development of affordable housing in economically disadvantaged areas. Project developers receive a tax credit for following the guidelines established by the program. They typically sell these credits to Fortune 500 corporations for 45 percent to 60 percent of the total project cost, excluding land.

The first step in the valuation process is analyzing market value definitions. The following is the definition from the Texas Property Tax Code, Section 1.04 (7): market value means the price at which a property would transfer for cash or its equivalent under prevailing market conditions if:

a.exposed for sale in the open market with a reasonable time for the seller to find a purchaser,

b.both the seller and the purchaser know of all the uses and purposes to which the property is adapted and for which it is capable of being used and of the enforceable restrictions to its use, and

c.both the seller and the purchaser seek to maximize their gains and neither is in a position to take advantage of the exigencies of the other.

Section (b) of the Texas Property Tax Code further requires: the market value of property shall be determined by the application of generally accepted appraisal techniques, and the same or similar appraisal techniques shall be used in appraising the same or similar kinds of property. However, each property shall be appraised based upon the individual characteristics that affect the property's market value.

The definition of market value, according to the 10th edition of The Appraisal of Real Estate published in 1992 by the Appraisal Institute, is: market value is the most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue duress.

The term which requires further review in the above definition is "knowledgeably." Is the purchaser knowledgeable regarding the effort required to comply with subsidized housing program requirements and tenants? Does he consider the effort to be rent for real estate or compensation for services? Does the purchaser of an LIHTC project understand that maximum rents are now established for at least 15 years based on deed restrictions? (LIHTC deed restrictions are now required for 30 years in Texas and most other states.)

Fee simple estate is defined in the third edition of the Dictionary of Real Estate Appraisal published by the Appraisal Institute as: absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power and escheat.

The practice in Texas is to base the assessed value on the value of the fee simple estate as opposed to the leased fee estate. This analysis is based on valuation of the fee simple estate instead of the leased fee estate.

The definition of leased fee estate in the third edition of the Dictionary of Real Estate Appraisal is: an ownership interest held by a landlord with the rights of use and occupancy conveyed by lease to others. The rights of the lessor (the leased fee owner) and the lessee are specified by contract terms contained within the lease.

The primary difference between the fee simple estate and the leased fee estate is that the tenant and landlord are each bound by commitments to pay rent and allow use of the property for a term. The contract rent agreed to between landlord and tenant may or may not be equal to market rent. For example, if a landlord entered into a 30-year lease for rent of $5 per square foot 15 years ago (when market rent was $5 per square foot) and the current market rent is $10 per square foot, the tenant has a substantial advantage. The tenant has a leasehold estate which may or may not have value depending on the term of the lease, the contract rent and market rent.

The Dictionary of Real Estate Appraisal defines leasehold estate as the interest held by the lessee (the tenant or renter) through a lease conveying the rights of use and occupancy for a stated term under certain conditions.

Conversely, if the tenant agreed to a rental rate of $15 per square foot in a strong market 10 years ago, and is committed to pay that rent for another 10 years, there is a substantial advantage to the landlord, and the tenant has a leasehold estate with a negative value. Practice in Texas is to establish the assessed value based on the fee simple estate instead of the leased fee estate. Therefore, the relevant criteria for determining market value includes market rent, market expenses, market occupancy and market derived capitalization rates. If a taxpayer made a poor business decision 10 years ago and has substantially below-market rent, it is inequitable for the taxing entities to reduce their ad valorem tax due to the bad business decision of the property owner. Conversely, if a property owner made a fortuitous or wise business decision and entered into an above-market lease, it is not appropriate to collect an above-average level of ad valorem tax from him because of his luck or prudence.

Market rent is defined by the third edition of the Dictionary of Real Estate Appraisal as: the rental income that a property would most probably command in the open market; indicated by current rents paid and asked for comparable space as of the date of appraisal.

Market rent is the compensation paid for the use of the real estate. It should not include compensation paid for factors other than the use of the real estate such as additional services which are not typically provided.

The next step in this process is to analyze valuation of properties which participate in subsidized programs which receive above-market rental rates. The final section will address valuation of projects in the LIHTC program.

Valuation of Subsidized Housing

This analysis will consider both the income and the sales comparison approaches to value. The cost approach is not utilized since it would provide similar results after calculating external obsolescence due to differences in rental rates.

Income Approach:

Apartment owners who participate in subsidized housing programs may or may not receive above-market rental rates. For many years, HUD offered above-market rental rates as an inducement to property owners to participate in the program. There are two reasons for HUD paying an above-market rental rate:

1.to compensate for the inconvenience of dealing with a bureaucratic government program which mandates detailed inspections not typically required in the private market; and

2.to compensate for working with residents who tend to be at the lowest socioeconomic level in our society.

It has not been unusual for HUD to pay contract rent of $0.70 to $0.80 per square foot per month for subsidized housing projects, even though the market rent for competing projects might only be $0.45 to $ 0.50 per square foot per month. The rent and sales comparables used in this analysis are located in a neighborhood characterized by income levels in the bottom quartile of the Houston area, minimal new construction of residential or commercial buildings for 25 years and heterogeneous levels of quality and appeal. Some sections, such as Riverside, have experienced gentrification, but other areas are marked by poorly maintained properties. Both the market rent projects and the subsidized rent projects are located in the area south of downtown Houston, bound by 288 to the west, Interstate-45 to the east, and Almeda-Genoa to the south. Consider the following tables which list rental rates for projects which do not participate in a subsidy program (market rent projects) and projects which do participate in a subsidized rent program:http://www.poconnor.com/article.asp?id=48

Reload this page to get new content randomly.

More Categories

Time-Management | Loans | Credit | Weather | Finance | Weddings | Trucks-Suvs | Home-Family | Cars | Self-Improvement | Reference-Education | Insurance | Vehicles | Mortgage | Home-Improvement | Gardening | Society | Parenting | Debt-Consolidation | Womens-Issues | Relationships | Acne | Interior-Design | Nutrition | Fashion | Baby | Legal | Religion | Fishing | Clothing | Holidays | Product-Reviews | Personal-Finance | Auctions | Communications | Misc | Supplements | Marriage | Currency-Trading | Politics | Goal-Setting | Taxes | Ecommerce | Movie-Reviews | Recipes | Traffic-Generation | College | Cooking | Computer-Certification | Success | Motivation | Depression | Stress-Management | Site-Promotion | Outdoors | Home-Security | Book-Reviews | History | Entrepreneurs | Hair-Loss | Yoga | Consumer-Electronics | Stock-Market | Email-Marketing | Article-Writing | Ppc-Advertising | Science | K12-Education | Crafts | Environmental | Elderly-Care | Fitness-Equipment | Cruises | Coaching | Domains | Spirituality | Mens-Issues | Happiness | Leadership | Customer-Service | Inspirational | Diabetes | Attraction | Security | Copywriting | Language | Data-Recovery | Muscle-Building | Aviation | Motorcycles | Coffee | Landscaping | Homeschooling | Ebooks | Cardio | Psychology | Celebrities | Pregnancy | Ebay | Mesothelioma | Extreme | Ezine-Marketing | Digital-Products | Fundraising | Martial-Arts | Boating | Divorce | Book-Marketing | Commentary | Current-Events | Credit-Cards | Public-Speaking | Hunting | Debt | Financial | Coin-Collecting | Family-Budget | Meditation | Biking | Rss | Music-Reviews | Organizing | Breast-Cancer | Creativity | Spam | Podcasts | Google-Adsense | Forums | Ethics | Buying-Paintings | Gourmet | Auto-Sound-systems | After-School-Activities | Adsense | Dieting | Education | Dance | Cigars | Astronomy | Cats | Diamonds | Autoresponders | Disneyland | Carpet | Bbqs | Dental | Criminology | Craigslist | Atv | Excavation-Equipment | Buying-A-boat | Auto-Responders | Auto-Navigation-Systems | Autism-Articles | Atkins-Diet | Aspen-Nightlife | Fruit-Trees | Credit-Card-Debt | Creating-An-Online-Business | Breast-Feeding | Contact-Lenses | Computer-Games-systems | Colon-Cleanse | College-Scholarship | Golden-Retriever | Anger-Management | American-History | Bluetooth-Technology | Alternative-Energy | Closet-Organizers | Elliptical-Trainers | Electric-Cars | Black-History | Air-Purifiers | Diesel-Vs-Gasoline-Vehicles | Christmas-Shopping | Choosing-The-Right-Golf-Clubs | Dental-Assistant | Decorating-For-Christmas | Beach-Vacations | Cd-Duplication | Bathroom-Remodeling | Bargain-Hunting | Candle-Making | Backyard-Activities | Auto-Leasing | Skin-Cancer | Recreational-Vehicle | Mutual-Funds | Boats | Leasing | Innovation | Philosophy | Grief | Colon-Cancer | Prostate-Cancer | Dating-Women | Audio-Video-Streaming | Forex | Digital-Camera | Cell-Phone | Car-Stereo | Car-Rental | Running | Sociology | Multiple-Sclerosis | Leukemia | Dogs | Ovarian-Cancer