Search Neighbourhoods for Good Real Estate Deals

Have you ever been in a neighborhood and wondered who owns that empty lot on the corner or that, derelict or abandoned house?   If you are looking for good Real Estate deals in Jamaica, your answer might very well lie in those so called abandoned properties. This article over at Jamaicans.com points out how to search neighbourhoods for good real estate deals in Jamaica.

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Smart homes reach Jamaican market

Canadian Brothers Development Limited has brought its first set of smart homes to market in a complex  to be  called Royal Plantation Estate.  The development, to be finalised in January, will be built on an approximately half-acre property in St Catherine and is being pursued in collaboration with the  developer of Plantation Heights, which it adjoins.

The smart homes use the Control4 home automation system and are connected to the Internet, allowing the homeowner to operate just about every electronic appliance from their smartphone or personal computer.
 

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Townhouses for King's House lands

In a joint venture with the King's House Foundation, ten (10) acres of Jamaica's King's House lands are now slated for town house and apartment development. The 'upper-to-middle-income' development is intended to provide investment income for the foundation, whose job it is to maintain the Crown property.

The foundation has advertised for a development partner, and is hoping to complete the selection process by February 2014. No details on the proposed number or size of the units or the cost or timeline of the development are available until a preferred bidder is selected and discussions held on how the project will proceed.
 
 

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Ten cost effective ways to add value to your home

If you're selling your home in a challenging real estate market, it needs to stand out from the competition. Buyers in a buyers market are particularly discerning, so you want your home to satisfy as much of their criteria as possible. Before you advertise your home on the market, look around your home and see if you should do any of these cost effective updates to your home so that potential buyers see it in a more favourable light.

1. Replace your kitchen backsplash
Sometimes one simple change in the kitchen will change the whole room. Changing the cabinets is expensive, but updating the backsplash is a cost-effective way to update the kitchen without spending too much. Glass and tile backsplashs are popular and there’s a myriad of choices on the market to fit every taste and style. Acrylic is also an option which maybe a little less expensive, with the only limitation being that acrylics can’t be used directly behind stoves.
 
See nine more tips here 

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Home renovation on a budget

Home renovation in Jamaica not only enhances the value and appearance of your home, it may also be good for homeowners emotional health. While the current economic environment may be may make larger projects financially challenging, there are many relatively inexpensive upgrades that a homeowner can do to give their house a new look.

A little research, creativity and sweat equity are usually all that's needed for most DIY (do it yourself) type projects, however homeowners should shop around for expert help for larger projects or where a professional finish is required.

Read more: http://www.jamaicaobserver.com/business/Getting-that-fix_13759610

 

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New land values for Jamaica

The revaluation of Jamaican lands by the Survey Department of he National Land Agency (NLA) should be made available to the real estate industry and others a new benchmark for estimating property value in September 2013.  The new valuation will apply to all parcels of land, but will exclude the buildings and other structures constructed on the property.

The updated version will provide new values for unimproved land, that is, property with no construction, commercial, or agricultural activity. The last survey was done in 2003.
 

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Red flags to note when renting in Jamaica

Three months after renting a property, you realise that your landlord is unscrupulous. What did you do wrong? You may not have heeded the warning signs. As with any other matter relating to property, careful thought must be placed in deciding from whom to rent or lease. While it is more prudent to rent through an established agency, it is also recommended that prospective tenants “interview” landlords before entering into contracts.

Read more: http://www.jamaicaobserver.com/business/Red-flags-to-note-when-renting

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The benefits of buying into apartment and townhouse developments

The changing dynamics of Jamaica's residential real estate market is today reflected in a diverse housing stock. Apartments and townhouses now dot a landscape once dominated by conventional detatched homes. But what exactly are the advantages of buying into these developments? Arguably, the clearest advantage of investing in apartments and townhouses it that most of them are strata-managed or have citizen associations. The stipulations of strata managed developments have proven, by the reckoning of some realtors, to be one of the key allures.

Read more: http://www.jamaicaobserver.com/business/The-benefits-of-buying-into-apartments--townhouses_13362384

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Boost your chance of owning a home in Jamaica

The growing need for affordable housing solutions has spurred many developments islandwide, but without proper financial planning, homeownership will remain out of reach for many persons. With the increased numbers of qualified buyers, bolstering your chances of homeownership simply comes down to wise financial decisions. That's the warning from Jamaican lending institutions in the face of forecasts for even tougher financial times.

Read more: http://www.jamaicaobserver.com/business/Boost-your-chances-of-owning-a-home_13318475

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New local television program showcases Jamaican homes

WEALTH Magazine Home Sweet Home is the most recent addition to the Wealth Magazine family. The show promises to provide 13 fulfilling episodes with useful information on buying a home in Jamaica, using local resources and professional assistance to make more informed decisions about real estate. The aim is to build the confidence of those who may have felt doubtful about owning their own property one day and help those that seek additional information. Low-income, middle- income, high-income and luxury properties will have a chance to be stars as the episodes continue.

Minister Without Portfolio for Transport, Works and Housing (Housing) Hon Dr Morais Guy states that he considers the Wealth Magazine Home Sweet Home television show as part of the partnership to better inform potential homeowners on what the real estate of the Jamaica has to offer.

Read more at http://www.jamaicaobserver.com/business/Properties-take-centre-stage-on-TV-show_13018618

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