Amazing Property

Down payment standing in your way of becoming a homeowner? Coming up with the cash is so yesterday. You may be able to use your sweat equity to get in the door, instead. The Department of Housing and Urban Development (HUD) just announced it will be awarding $10 million in sweat equity grants to nonprofit housing organizations through its Self-Help Homeownership Opportunity Program (SHOP). “The funds, combined with labor contributed by the homebuyers and volunteers, will lower the cost of homeownership for certain buyers,” said HousingWire. “According to HUD, through the program, homebuyers contribute ‘significant sweat equity’ toward the development of their housing units or the units of others participating in the local self-help housing programs.” Low-income homebuyers can work toward their down payment through activities including “landscaping, foundation work, painting, carpentry, trim work, drywall, roofing, and siding. A minimu...

The completed Niger Delta Basin Development Authority (NDBDA) new office accommodation in Port Harcourt, Rivers State After 60 years, the management of Niger Delta Basin Development Authority (NDBDA) has overcome its office accommodation shortage by erecting a new office complex and given a facelift to dilapidated office structures. The new complex comprises of 57 offices, two halls with projector, canteen, one workshop, 24 toilets and. About 5,000-litre overhead tank with borehole will serve the building. While commissioning the facilities in Port Harcourt, the Minister for Water Resources, Suleiman Adamu expressed joy for the actualization of the project.He noted that working in a conducive environment with necessary facilities in place increases workers’ output and brings good result. The Minister expressed hope that the project would make the authority become more vibrant and commercially viable.Speaking on the upgrading of the laboratory at the NDBDA complex alo...

The Group General Manager, Pertinence Limited, Mr. Victory Cleanclay (left), Executive Director, Administration and Operations, Mr. Sunday Olorunsheyi, Executive Director Marketing, Mr. Wisdom Ezekiel and Financial Controller, Mr. Oladimeji Oke, at a media parley in Lagos A real estate firm, Pertinence Limited has unveiled a new estate known as Badagry Homes and urged the government to reforms land documentation process. The company said titling and land documentation are cumbersome, involving a lot of bureaucracy, which made housing more expensive. In some cases it takes between one year and two years for the process to be completed as a result of multiple agencies and departments to handle them. Speaking at a media parley in Lagos, the Executive Director, Administration and Operations, Pertinence Limited, owners of ABC and VIP Gardens, Mr. Sunday Olorunsheyi, said there is need for reforms in land documentation involving the use of technology and policy that ensures infrastructure pr...

Laundry rooms and Energy Star–compliant windows topped the list of what buyers considered the most “essential” or “desirable” features in a home, according to the National Association of Home Builders’ 2019 “What Home Buyers Really Want” report, released at the NAHB International Builders’ Show in Las Vegas this week. Most of the features that new homeowners or aspiring buyers ranked highest related to helping them save in utility costs, add extra storage, and spruce up the outside, said Rose Quint, the NAHB’s assistant vice president of survey research. The NAHB surveyed nearly 4,000 consumers who either purchased a home within the last three years or plan to buy a home in the next three years to identify their top desires in a home. Consumers were asked to rank 175 home features based on how essential they were to their home purchase decisions. Consumers ranked the following home features highest: Laundry ...

When searching for a flat, there are both apartments and condominiums being advertised, but what’s the difference? Having heard the term ‘condo’ bandied about on American television shows, most of us probably assumed it was just another word for a unit. But it turns out there are several subtle differences. In Australia, the distinction is unlikely to register with most renters, but it’s becoming increasingly important for landlords and buyers. So, here’s a quick guide to what distinguishes an apartment from a condominium. Apartments tend to be more uniform than condominiums. Picture: REA Group / Lynn Gail Ownership for apartments and condos The most significant difference between the two is ownership. Apartments When it comes to an apartment block, all the dwellings are typically owned by a corporation, or single entity, which rents them out to tenants. The company governs the complex and enforces strict rules on what tenants can and cannot do inside their...

Dubai one of the states in the United Arab Emirates (UAE) seeks today to move away from its traditional oil dependence to a more balanced one based on tourism and services. As a result, its economy has grown with more and more tourism resorts coming up to meet this aim. This article will list three reasons why you should invest in Dubai today. [caption id="attachment_9064" align="aligncenter" width="1024"] Invest In Dubai[/caption] Firstly, Dubai as mentioned earlier is becoming a services hub and in particular a financial services hub, there is going to be an increase in the number of foreign professionals who are flocking there to work and with a high pay and tax free status over there, the average rental yields of properties there is above the average. Currently the single room studio apartments are doing the best in terms of rental since the expatriates that work in Dubai tend to be single individuals so this would be a great real estate investment t...