http://www.kentuckyyoungdemocrats.com Sat, 04 Sep 2010 10:29:09 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.kentuckyyoungdemocrats.com/managing-property-in-hong-kong.cfm http://www.kentuckyyoungdemocrats.com/managing-property-in-hong-kong.cfm#comments Wed, 01 Sep 2010 04:12:36 +0000 admin http://www.crawbot.co.cc/?p=2745

The economic gateway to China – Hong Kong is one of the most popular destinations in the world, with a lively property market. With the increased awareness of property enhancement, improvement in market laws, and innovative requirements of people, property management now finds a prominent position in the Hong Kong property market.

Managing property in Hong Kong is a burgeoning industry, and is considered a core segment of facility management services. In other words, managing property is one of the prominent service industries in the city. Management of property in Hong Kong is simply the managing of property as well as providing services in connection with the property management, to owners, tenants, and other required people.

The prime goal of managing property is to maintain the value of a property by creating and preserving a comfortable as well as well-ordered living, working, and shopping. Managing property is sometimes confused with tenancy management, which is primarily the enforcement of the Housing Ordinance, tenancy agreements, and implementation of housing rules and regulations.

A large number of firms in Hong Kong, ranging from small business units and governmental departments to large business corporations, are now benefited from managing property. Property management is categorized into: management of residential property and management of commercial property. Managing residential property in Hong Kong includes managing residential spaces, from small houses to premium as well as luxury residential units.

Services offered in connection with managing residential property include:

- Concierge services

- Renovation and repair services

- Provision of management

- Maintenance Services

In commercial management of property, the services are mostly offered for large commercial areas, with more than seven million sq ft. Among the services offered in connection with this type of managing of property is:

- Maintenance of common areas and facilities

- Installation of drainage system

- Operation as well as coordination of plant and equipments

- Operation and maintenance of electrical and mechanical systems

- Services with regard to the maintenance of fire system

- Plumbing services

- Repair service

- Routine maintenance

In some instances, services in connection with management of commercial property are inclusive of

- Provision of effective security system

- Cleaning services

- Environmental and landscape services

- Hygiene and safety management

Apart from these, there are service providers offering excellent services for office and industrial sectors. Above all, some kind of service providers renders simple tenancy management services, aside from management of property.

The services in this category usually cover providing info on housing policies and procedures to required people, dealing with standard forms and notification letters, assisting people in filling tenancy related forms and applications, and arranging meeting for tenancy related purposes. Let it be any type of property management, the services also include quality maintenance of plumbing system, thereby ensuring the people of Hong Kong with a stable as well as reliable water supply system.

Managing property offers a host of benefits. One of the prime benefits is that it ensures meticulous care and maintenance of your residential as well as commercial places. Professional as well as personal assistance and useful advice on property maintenance are the other benefits of managing property in Hong Kong.

One of the most significant executants of property management in the city is Hong Kong Housing Authority (HA) – a statutory body responsible for the implementation of majority of public housing programs in Hong Kong, which include rental housing system, housing for elderly people, and subsidized home ownership.

As one of the major housing developers in the property market, Hong Kong Housing Authority has introduced an innovative system ensuring excellence in the sector of public housing property management system. Recently, HA undertook a special management system, exclusively for managing property and tenancy system in Hong Kong, known as Public Rental Housing (PRH.) Under this system, HA contracts some of its property management services to property services companies, which in turn discharge a range of duties in connection with property management, like cleaning and maintenance services, repair services, and rent collection.

Apart from HA, executants of managing of property in Hong Kong also consist of a variety of private property management firms, foreign-based service providers, and participatory management organizations. HA has now organized an award for private firms that excel in services in connection with management of property, namely, Best Property Management Award. A specialty of service providers in Hong Kong is that majority of them have excellent knowledge and expertise on the mainland market. This in turn assures quality as well as reliable services to the people of Hong Kong.

]]> http://www.kentuckyyoungdemocrats.com/managing-property-in-hong-kong.cfm/feed 0 http://www.kentuckyyoungdemocrats.com/weighing-the-pros-and-cons-of-fsbo-ing-your-fort-lauderdale-real-estate-property.cfm http://www.kentuckyyoungdemocrats.com/weighing-the-pros-and-cons-of-fsbo-ing-your-fort-lauderdale-real-estate-property.cfm#comments Tue, 10 Aug 2010 04:11:05 +0000 admin http://www.crawbot.co.cc/?p=2871

Homeowners who would rather have the whole proceed of the home sale for themselves are more inclined to sell their property on their own. Also known as FSBO (For Sale By Owner) is not a new-age trend; it has been around for years. And with the increasing number of real-estate savvy homeowners, several properties are now being sold without a listing agent. If you’re planning to sell your Fort Lauderdale real estate property on your own and cut the middle man, weigh first the pros and the cons before you make a trench of woes.

Advantages 

The obvious advantage of FSBO-ing your Fort Lauderdale real estate property is the elimination of agent commission. The amount you need to pay for the agent is negotiable but generally runs around between four to seven percent of the selling price. But before deciding to go to this direction, make sure you are up for it and ready for the responsibilities, which typically include marketing and tours. 

Furthermore, there are several things to consider before you decide to sell your Fort Lauderdale real estate property on your own. These include the following: 

• Serious buyer 

• Extensive knowledge of the neighborhood that can rival that of a real estate agent 

• Strong market 

• Agent-less buyer 

• Great negotiating powers 

• Time to dedicate for preparing, marketing and showing the house to prospective buyers 

Drawbacks 

While not all can happen at the same time, some of the following disadvantages can potentially occur. So before you FSBO and avoid major drawbacks, make sure you get your ducks in a row. 

• Pricing the property too low or too high 

• Not enough ability to negotiate with buyers 

• Not enough knowledge in proper home staging and marketing 

• Unfamiliarity with the closing process 

• Legal problems 

It will be greatly disadvantageous if you meet a savvy homebuyer who is more well-versed in the real estate market that you. This is why it’s extremely crucial to get those real estate books out and learn about the process as much as you can. 

Yourself vs. Agents 

Let’s face it, even if you’re quite knowledgeable about real estate, a great real estate agent will always take home the trophy. For starters, you can take advantage of a network of important resources that a real estate agent can provide for your Fort Lauderdale real estate property. Furthermore, a professional has years of experience and extensive contacts that will prove to be useful especially during tough transactions. So be sure you think twice before you choose to paddle your own home sale boat. 

Mark Michael Ferrer 

Fort Lauderdale Real Estate

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One of the most daunting aspects of selling your home yourself is the staging of the home itself. It is possible to hire professional stagers that are trained to showcase the strong points of your home, but with a little time and effort you can stage your home yourself. The first thing to understand about staging a home is that you must attempt to disconnect yourself from the home on an emotional level. This is easier said than done, but it is necessary.

A good idea is to start with the most visual aspect of your home. The exterior. We will go into greater deatail about the interior in a moment. Cleaning up the facade of your home is an absolute must. ensure that lawns are mown and trimmed. Clear away any rough edges along the walkways and driveway. Also weed the gardens and plant some new flowers. Make the entrance to your home as welcoming as possible. After all, this is the first thing a prospective buyer will see when they look at your home. You want their first impression to be memorable…in a good way.

Now we move to the interior. The first thing you want to do is remove the clutter! Homes always have some sort of clutter that is best removed to showcase the home. This means you will have to spend some time going over what you need and don’t need. Remember that a minimalist approach is a good idea. It can be difficult for buyers to envision their possessions in another home, try it yourself sometime at a friends home. Look around and think about what you would move or change. Now do this at your own home. Time to get rid of a few things? This must be done for every room, clean out all the closets and cupboards too. Buyers are nosey, and justifiably so. Like you did before they are investing in their future and they will go through closets and such to make sure there is sufficient room for their things.

Now to ensure that viewers have a great experience when in your home there are a few things that you can do. Lighting can set a great mood in a home. Be sure to have appropriate lighting for the time of day. Temperature is another good thing to remember. Viewers are less likely to explore a cold home. Set the temperature for a pleasant medium. If there is a fireplace, light it. This will add to the ambiance and showcase one of the most popular assets of a home. The whole point of staging is to make guests feel welcome and at home. Try leaving out some refreshments or snacks if you are so inclined. It is up to you how far you will go in staging your home, but the more effort you put in the better your home will show.

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