Publisher Alabaster

Entreprise du Bâtiment – Renovate your home

You want to renovate your house. Our Deco Smart – Entreprise du Bâtiment experts tell you everything about mistakes to avoid during renovation!

Renovating a house is a matter of specialists! From the start to finish, each step requires to know perfectly the technical constraints. The choice of materials, such as the order of renovations to be carried out will be two decisive points in the success of your renovation project.

1. Neglecting the administrative procedures

Do not go into the work without consulting the planning and construction rules in force in your municipality. They can restrict the height of a building or prohibit the wood on the facade. Creating a new opening on your roof requires you to respect mandatory distances with your neighborhood. It also requires a prior declaration of work in the Town Hall.

2. Not knowing in what order to conduct interventions

The most frequently encountered error is that of not planning specific order for your different jobs. When should insulation be done? Should the electrical installation be up to standard before installing the wall covering? Do we have to change the radiators at the same time as the boiler?

For a project to run with confidence, be accompanied by a specialist during each key phase of a home renovation project!

3. Renovate your home without a schedule of interventions

In order to prevent different trades from intervening at the same time, and getting in the way during their interventions, it is essential to coordinate the schedules. During the construction, some positions may be delayed. It will then be necessary to adjust the schedules with the craftsmen. This phase of realization of schedule then that of follow-up of construction site can be assured on your behalf by a professional.

4. A global wallet for your renovation

Finely estimate your budget is essential to avoid any unpleasant surprises. Each craftsman will prepare a quote detailing the hours of work, the purchase of materials, etc. With a global envelope, you take the risk of having to deal with unplanned bills … or worse to suspend work if you run out of cash.

Good to know: in the context of your financing of works, there are financial aids, in particular as regards insulation and energy renovation.

5. Renovate without isolating … it’s energy that flies away!

Do you think that the redistribution of the coins is enough to give a facelift to your old house? Do not neglect the insulation.

Have the insulation level of your walls and roof evaluated. This will allow you to know the urgent work to be carried out in thermal insulation. Ultimately, your home will offer you better comfort while reducing your heating bills. The renovation of a house is also an opportunity to question the windows of your windows and the quality of your current heating system.

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The Pros And Cons Of Shared Ownership

The Pros And Cons Of Shared Ownership

Shared ownership of property is a great route to take if you want to get onto the property ladder. However, before you jump at this chance, you should look at the pros and cons of this. Understanding the pros and cons of shared ownership will ensure that you make an informed decision regarding this type of investment of your funds.

The Pros

The primary benefit of shared ownership is the fact that you will be able to get onto the property ladder as an owner-occupier. This brings long-term stability, but without the overstretching of your finances that a full purchase would create. Additionally, you will not have to provide as large a sum as you would if you were buying outright.

Shared ownership will also decrease the monthly repayments that you have to make to your mortgage. As you are not asking for a large mortgage, you will find that the monthly payment is lower than what you would pay as rent. There is also the benefit that mortgages are more accessible with shared ownership even if you are on a lower wage.

The last benefit that you should consider is the security on tenure that comes with this. This security is unlike what you have with a private rental as you can live in the property for as long as you wish. As long as all the payments are made each month, you will not have to leave until you are ready.

The Cons

While there are a number of benefits to shared ownership, there are also a number of drawbacks. The primary drawback is the fact that not all lenders will offer mortgages for shared ownership. This means that you have to look harder for a mortgage, but it is important to note that this has been changing over recent years.

Another drawback is the fact that the property you purchase will be leasehold only. There are some properties that can become a freehold, but this will need to be agreed with the housing provider. The problem is that this will increase the costs of your ownership and might make this a less attractive offer.

The last drawback that you need to consider is the restrictions that could be placed on any home improvements that you want to complete. While you are able to internally decorate the property, the housing provider may bar you from certain home improvements. You will generally have to get permission before you make any structural changes to the property.

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Shared Ownership Program in the UK

The concept of shared ownership was first introduced in the UK in the late 1970s as an initiative to help middle and low-income persons to afford to rent and eventually acquiring homes in the competitive UK real estate industry. The government-backed initiative primarily targeted persons within the economy that have limited financial capacity and whose ability to climb the property ladder was in serious question. According to details of the initiative, the scheme allows the government to chip-in and partner with interested persons who qualified for the program by allowing them to contribute between 25% and 75% of the total value of the property while the government foots the rest of the bill.

Persons earning an annual income of between 20,000 and 90,000 were considered eligible for consideration. Priority was also given to persons living in the proximity of their houses of interest as that would minimize the logistics involved in ensuring the success of the program. To further ensure the success of the objectives of the program, the UK government ensures that persons interested in benefiting from the program were not previous property owners or attached to any other property of value within the UK as well as overseas.

In the period between the rollout of the program in the 1970s and 2014, government reports indicate that up to 58,000 persons have successfully benefited. It has, therefore, increased the ownership potential of qualified persons while giving upcoming aspiring homeowners an opportunity to equally benefit. Besides helping persons to become homeowners, the program has also laid a good framework for successful beneficiaries of the program to sell their property after the end of the program.

This process is, however, highly regulated by the housing association in the country and only allows for 100% owners the full rights of merchandising their property. The association does, however, owing to its vested interests in the program, chip-in in situations where one may choose to sell the property before 100% transfer of ownership is achieved.

With the UK government successfully pushing the program, reports indicate that it has helped to positively shape the housing industry in the country while pushing developers to build more homes to meet the rising demand. The program has, since 2004, been successfully retailing home ownership at a rate of between 6,000 and 11,000 annually.

To ensure additional benefits and flexibility, the program has been designed to accommodate various customer demands, especially in situations where individuals still in the working industry who have enrolled for the program to sublet their houses and still maintain their leaseholds with the housing association. This allows for aspiring homeowners to successfully change their location in reference to their workplaces without necessarily being inconvenienced by the law. To find shared ownership properties in your area please visit Property Booking.

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Why Are There So Many Empty Luxury Homes In London?

The Belize building is located on London’s Old Street, one of the most expensive and fashionable districts in the United Kingdom.

An apartment there can cost more than the US $ 1.5 million.

And those who want to take one for rent, have to be prepared to pay about the US $ 3,000 per month.

But five years after it was finished, the building is half empty.

Local authorities confirm that 42% of the apartments in the building do not report a permanent occupant.

And officials blame a phenomenon known as “buy to leave.”

Wealthy investors, often foreigners, buy properties and leave them empty.

They do not even bother looking for tenants for their properties, says reporter Justin Parkinson of the BBC.

What is the logic?

The phenomenon of empty luxury homes contributes to a worrying trend in the United Kingdom. Although the country faces a severe housing deficit, in England alone, there are 610,123 vacant houses.

And, why would the owners have left those properties unused?

The mayor of London, Boris Johnson has criticized some owners for using houses as “gold bars in the sky,” but adds that imposing restrictions on investment in the city could be a mistake.

For most people, wasting the opportunity to collect massive amounts of rent money from their properties may sound like an expression of financial inconsistency.

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They Do Not Want “Second Hand”

But property expert Henry Pryor thinks differently. In fact, it ensures that the owners who leave their homes empty are being very calculating.

The cost incurred in leasing it, including the deterioration of the home, may exceed what is collected by the rent, he warns.

And, in the upper segment of luxury housing, many buyers are willing to pay more for the immaculate house.

“Some buyers do not want to live in a second-hand site; it’s the same as if they were buying a Rolls-Royce or an Aston Martin,” he says. “This applies even when they are buying a site that is five years old.”

Not all empty houses in London are luxury properties, explains the Empty Homes charity.

Many reflect everyday economic problems.

For example, the lack of money for the renovations that are required to rent the house.

Or when the property has been inherited by multiple owners, who need time to decide what to do with it, says Justin Parkinson of the BBC.

Immune to fines

Many warn of the adverse effect it has on the quality of urban life in an area when many homes are unoccupied.

Local authorities in England can charge an additional 50% in property tax to owners of empty houses for more than two years.

What is not necessarily going to convince the most affluent investors to act.

They also have the power to impose purchase orders on real estate.

For example, in 2009, in the very posh London district of Kensington, the authorities recommended the compulsory purchase of a house on a street where many properties are worth more than the US $ 1.5 million.

The measure was taken six years after the authorities were warned of a plague of mice in the area.

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