Author: James Palmer

Measuring Instrument

What Is The Difference Between Useful Meters And The Built Meters Of A Home?

When we consider buying a house, we put many questions on the table to find the one that meets our needs and financial possibilities.

One of the factors that most influence the price of a house is its surface. This data is key to get an idea of ​​the space of a home and its potential, but, above all, of the investment that we are going to make. The price per square meter in a city or neighborhood is one of the main influencing factors when evaluating a flat or a house.

However, to know the true economic value of a property, it is necessary to differentiate between its useful meters and its built meters, since both will determine its price.

Difference Between Useful Meters And Built Meters

The useful meters of the home encompasses its entire interior surface. As it is commonly said, that surface " that can be walked on. " This includes built-in closets and/or all those spaces that have practical utility and excludes elements such as partitions, pillars, or ventilation ducts.

On the other hand, the built meters are the total square meters that a house has. Within this measure appears the entire surface that is within the perimeter of the property. That is, it includes, in addition to the useful meters, the structure of the building (ventilation spaces, walls, drains, facilities, etc.) and the common areas (stairs, garden, swimming pool, corridors, etc.).

Tips For Calculating The Built Meters And The Useful Meters Of A House In A Simple Way

If you want to sell a house, the usual thing is that you use the built area as a reference to put a price on the house. If what you want is to buy, what interests you is to know the useful meters of a house to know how much space you can take advantage of.

To avoid mismatches with both measures, it is normal to consult the house's deeds, since the data of the cadastre includes the useful meters and the percentages corresponding to the common areas.

Precisely, common areas are one of the elements that make it difficult to calculate the useful and built square meters of a house.

As a general rule, in flats and multi-family dwellings (such as blocks of flats), the built area of ​​the dwelling, including the walls and half of the dividing walls (the dividing walls with other dwellings or with common areas account for half of the surface of the enclosure), is around 10% -15% higher than the useful surface.

Is It Possible To Calculate The Useful Meters From The Built Meters?

Calculating the useful meters of a home from its built meters is not easy. Generically, a coefficient of 1.20 is taken. In other words, the meters are built to correspond to just over 10% of the useful meters of the home.

Rental Of Homes

How To Avoid Cyber Scams In The Rental Of Homes?

The Internet is a source of opportunities and threats, and dangers, especially if basic security and protection measures are not taken when browsing. The loss of information, data, trust, and money by cybercriminals is a million-dollar problem and a threat that increases every year. It is that cyber scams and attacks affect all sectors, from education, banking to the real estate world.

What are the cyber threats facing the rental industry?

The main problems that the real estate market has to solve are quite a few. Above all, the rental market is excessively vulnerable to cyber attacks. But it is not the only threat the industry faces, as online scams can take many forms.

How to avoid cyber scams in the rental of homes?

We must know if we are tenants looking for a flat to find out that the offer and the owner who makes it are real. To do this, the best we can do is use common sense and compare offers.

If an apartment has an unrealistic price of how cheap it is, the most likely is that the offer is false. We must always start from this premise and is that pirates use all kinds of traps and baits to make us believe what it is not.

However, the market dictates judgment when setting rental prices. For example, if a neighborhood’s average price is different from the offer, pay attention to the average price.

To do this, you can do it in several ways, consult an agency or agent to help you determine the average price of an area or compare in different portals between 5 and 10 homes to determine the price range of the same.

You should always try to avoid providing private data such as passwords or important information such as account number or bank details.

Cybercriminals are smarter than you think, and they use all kinds of tactics when it comes to real estate scams.…

Real Estate

Real Estate Crowdfunding: The New Financing For Real Estate

Real estate projects are always financed by investors who contribute large sums of money, although banking institutions also support them through bridge loans. Although today a new model of collective financing is being developed: crowdfunding, funding, or microfinance. This model contemplates the incursion of small and medium investors in the real estate market. If you want to know how crowdfunding works, we explain this mass real estate investment’s details.

What is real estate crowdfunding?

Crowdfunding or collective funding is the investment model in which several people at the same time contribute an amount of money so that real estate developers can build residential, mixed, and commercial projects. These group loans are made through crowdfunding sites specialized in the sector, which connect investors and developers. These portals collect information about the property to analyze the operation’s feasibility, risks, and costs. Likewise, they guarantee investors a percentage return for their contribution.

Unlike trusts, where banks authorize the borrowed resources’ destination, in crowdfunding, the capital goes to the project that the investor chooses. Besides, microfinance has medium and long-term liquidity, even before maturity – not immediately -, guaranteeing investors to obtain a profit with a fixed rate of return.

Benefits of financing a project by crowdfunding

  • Investment monitoring: One of the main advantages is that the information is transparent and is available for consultation and monitoring of the collection obtained by your ad. You can see the daily contribution that new investors make and know when you reach the amount you need to finance the construction of the property.
  • Low dividend percentage: One benefit of this type of financing is that many small shareholders loan the money. When paying dividends, you only have to pay the amount they invested, plus their yield. All the profits you have obtained from the sale of the residences you built will be for you when you pay off the loan.
  • Potential investors: Many of the people who decide to contribute an amount to your cause may be entrepreneurs interested in investing in the real estate sector. By having direct contact with your investors, you can generate a relationship with them. This can benefit you to get capital for future projects.
  • Speed: Crowdfunding make loans faster than those authorized by banks. Although like a financial credit, you need a study of your credit history, it is more likely that a funder will approve your financing. They have less strict filters. As soon as they allow your ad to be published, you will begin to collect money. When you reach the goal of the money you requested, the total amount will be deposited into your account.