Commercial Zoning Has You Confused? Read on…

Zoning is very much a part of everyday life and business when you are new or experienced real estate investors, which includes brokers, agents, and any other professionals in the building industry who would be interested in educating themselves on zoning. When you look into Zoning, you need to be very conscious about where you are looking to develop an area for either commercial, homes, and agricultural needs. You need to be aware of the different types of Real-estate Zonings, such as Spot Zoning, Contract Zoning, Down Zoning, Esthetic Zoning, Subdivisions, and buffer Zoning.

Spot Zoning is when you have a small area of property or land that is zoned different than the other properties around it. Next is contract Zoning in which a person or business signs a contract to allow that person to rezone an area. Down Zoning is the rezoning of a piece of land that is less Dense, such as, instead of a high-rise, you are allowed only one or two story buildings. You also cannot take an industrial zone and turn it into a residential area.

Then we have Esthetic Zoning in which there are certain rules applied to the zoned area such as what is not permissible. Many landowners and realtors will find that they cannot make drastic changes to the landscaping, the color schemes, mailboxes fences, solar panels, decks, satellite, certain materials, the shape and design of the roof, and many more. With this type of zoning, it is a very good idea to look into what can and cannot be done to the property.

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Rebirth of a Roman(ian) Empire

The history of Romania is shrouded in mystery, myth, and misunderstanding. Few people, including a good deal of Romanians themselves, are aware of the glorious standing of Romania in the Roman Empire and the vision of Romania as a second Rome as held by Roman leaders shortly before the fall of the Roman Empire. Romania’s name itself denotes it’s importance in Roman times. Romania in latin stands for Rome and the Eastern Roman Empire.

Indeed, it is a land unseperatable from it’s legendary past as a highly valued part of the Roman Empire. A visit to almost any history museum in-country gives credence to this through the many artifacts from ancient Roman times excavated here such as busts of Roman leaders and gods, coinage and relics. A visit to the sea will also be a visit to Roman ruins such as those of Histria and coastal towns named after Roman gods like Neptun, Jupiter and Venus. Bucharest, in homage to Rome, is built on 7 hills. Although as early as the mid 19th century Bucharest was described as a “savage hotchpoch,” traces of the historical city of Roman days remain.

That Romania was a part of the Roman Empire is not particurarly revealing. Many modern day countries were once part of the Roman Empire, largely due to there geographical location. What’s unique in the case of Romania is the role that it played in the Roman Empire and there vision for it’s future. Why specifically was Romania elevated to such as prestigous position in the most famous empire of all time ? Our brief study of history will reveal the current modern-day potential of Romania and why Romania should be on the forefront of every international investor and relocaters mind.

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Renovation-Upgrading Cost Analysis

Renovating and upgrading an investment property acquisition is a source of both opportunity and risk. When a property has deferred maintenance, the cost of curing the deferred maintenance can be difficult to estimate without obtaining bids from contractors. Upgrading a property is an excellent option for enhancing investment returns. However, selecting which areas to upgrade and confirming, through analysis, their financial feasibility can be a time-consuming project.

Preparing a plan for renovations and upgrades is a complex project and needs to be integrated into the investor’s overall plan for the property. Consider the following examples of planning for renovations:

* Should an investor repair or replace the roof on an office building which is being acquired as a land play? The investor expects the building will be demolished within five to seven years but wants to maintain the income stream during the holding period.
* Should an investor patch potholes or do a complete overlay for a class C apartment complex? The cost of patching is $20,000 while the cost of a complete overlay is $150,000. The investor plans to maintain the property as a class C apartment complex for the indefinite future.

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