Inviting Living Space Through Home Interior Design

To be effective, there must be a total coordination of style, color and organization within the room itself as well as with the furniture and accessories. It will be important to decide if the design of the home is to be for everyday use or will it be considered as a showcase. There is a wide range of ways that home interior design can help to perform the function for which the room was intended. It needs to be warm and inviting for everyday use while maintaining the appearance of complete organization and appeal.

For example, when considering seating possibilities, the many available choices will depend on the seating needs as well as the size of your room. In the eyes of a home interior design expert, the couch has come a long way since its humble beginnings. In today’s home, the couch is more a part of a home’s décor than its original intention to provide seating for two or three people. The smaller sofa, which is often referred to as a love seat, can provide either extra seating in a larger living room or it can serve as the couch in smaller rooms.

Tables – Functional or Clutter Catchers?

The number of tables placed in the living room will also be dictated by the space in the room, as well as the number of seating spaces required. Keep in mind that the type of tables in the room will detract from the home interior design effects if they end up being used as clutter catchers. If the living room is large enough, a large round coffee table may suffice. On the other hand, it may just take up needed floor space, causing an effort just to walk around it, which is not its intended function.

End tables also can be used to serve a function, whether it is to hold a reading lamp or simply for decoration. These tables they should mirror the style of all the other furniture within the room in order to maintain the home interior design theme.

On the whole, the most misused piece of furniture in today’s living room is the media center, which may house a television and any other type of entertainment electronics. Depending on your home Interior Design style, locating that just-right piece to hold all your media electronics, and still fit in with the décor of the room can be a real challenge. Coordinating the style and color in any and all rooms will demonstrate your home interior design abilities.

Finding Opportunities for Real Estate Development

People often think that in order to be a real estate developer you have to stick a shovel in the ground. Nothing could be farther from the truth. What land developers do is make some change to the real estate that will increase its value. Real estate development potential exists where the parcel can be transformed in some way so that it will appeal to more types of buyers. Two of the cardinal rules in the land development business are that the value of land is always relative to how (or if) the property can be used, and the value of the land parcel increases when the property can be used by either more buyers or additional categories of buyers.

In reality, opportunities for real estate development are all around you because there are several ways of developing land that don’t involve building. It is true that sometimes development through change involves building, such as modifying an existing structure or demolishing it and building a new one. But many more real estate development opportunities exist where the change to the property is invisible.

For example, suppose you find a residential property located on a street that takes a lot of traffic. The appeal (and therefore, the value) of the parcel is limited because the only potential buyers are people who wouldn’t object to living in a house on a busy street. Chances are, the highest and best use of this property is something other than straight residential. So you would want to determine if there were alternative uses possible to expand the market for this property and increase its value. How would you find this out?

The first thing you should do is determine what uses of the property are allowed under the current zoning by reviewing the zoning map and ordinance available at the municipal office. Once you locate the property on the zoning map, you will see what zoning district the property is in. Then you would read the provisions in the zoning ordinance for that district. These would deal with several issues: uses permitted “by right” (meaning that no use approval is necessary), special uses permitted only when approval is given by a municipal board, and dimensional requirements, such as the minimum lot size and width, building setbacks and the height of structures. (You should review the entire ordinance because there may be other provisions elsewhere in the book that would also apply to the property.)

The particular zoning classification might permit single-family detached houses on the specified lot size by right. But it might also allow the property to be used as a school, church, or day care facility when authorized by the municipality so long as the property satisfied some specific conditions. These might require that the total land area of the parcel be a certain minimum size (e.g., at least 10 acres), the property be serviced by public utilities, or that the building and paved areas not exceed a certain percentage of the total land square footage of the parcel.

Next you would review the municipality’s comprehensive or master land use plan. This document might say, for instance, that the local government wanted to encourage professional office uses in the area where your property was located. This would indicate that the municipality might be open to either a change of the zoning classification for the property or allow it to be used for professional office by granting a “use variance.” A variance does not change the underlying zoning classification of a property, but essentially permits the property to “violate” some provision of the zoning. In this case, a use variance would allow the property to be used for something other than a single family detached home, church, school or day care. However, the municipality would likely impose some conditions and restrictions in exchange for the variance, such as preservation of the existing structure or limitations on the total amount of building square footage that could be built.

If you could develop this property by getting a change of use approved, the property would certainly be worth more than as a home. You could then sell it to buyers who wanted to construct an office building to either lease out the space or sell the property once the office facility was completed.

Dubai Real Estate Developers Revising Prices and Payment Plans Based on New Market Conditions

With an estimated 70+ projects that are now for sale across Dubai, we are increasingly seeing Real Estate Developers revise their offering, prices and payment plans to gain market share.

While the major established developers like Emaar Properties, Nakheel and Dubai Properties Group are still able to sell out projects with relative ease – there are now dozens of smaller, private developers that are building various types of projects across Dubai.

The competition is strongest on the mid-end segment. Hot spot areas of development include projects like Dubai Sports City, Jumeirah Village and the greater Dubailand area. With so much competition in this segment, developers are adapting to the market place with new, innovative campaigns and product placements.

A bit of background; Dubai’s real estate market crashed in late 2008 and between 2009 – 2011, the market corrected drastically with prices declining between 30 – 50% in some cases.

Starting in 2012, mainly as a result of instability in the region (remember the Arab Spring), billions of dollars poured into Dubai – largely being diverted into the local real estate market.

From 2012 – to late 2013, the market appreciated drastically. In order to cool down the market and prevent another bubble, the Government took a number of measures to prevent speculation. An increase in the mortgage cap, doubling of transaction costs and preventing off-plan buyers to resell immediately have all contributed to a slow down.

The slow-down has not been as drastic as once feared. The correction which began in mid-2014 has seen prices decline by 7 – 10% on average for most communities. Many of the small and medium sized investors have started consolidating their positions. Most mature communities have high occupancy rates and now witness less transactions.

The overall market has now shifted towards the off-plan market. Buyers from within Dubai and from overseas are attracted to purchasing on payment plans which minimize cash flow and risk.

Thousands of units have been announced for development since 2013. In the long run, the city will require new housing to counter a growing population and high rental costs which contribute to the high cost of living in the city.

With so many under-construction projects, developers are competing against one another in ways that they have never done before.

Developers are revising prices downwards and in an interesting turn of events, many new projects are now offering payment plans which extend to upto 3 years after completion – a concept which was pretty much unheard of a few years ago.

Good examples of these extended payment plans are projects like Royal Estates in Dubai Investment Park, GGICO’s numerous developments in Sports City and Dubai Silicon Oasis and Al Khail Heights.

Even high-end developments are beginning to introduce flexible payment plans. Fortuna Village, a 30 townhouse development enclave within Victory Heights, has recently offered buyers a chance to pay off their units upto one year after handover on a 6% increase on the purchase price.

According to research done by on under-construction freehold supply, there are 9,000 villas, 6,300 townhouses and 38,000 apartments currently under-construction across Dubai.