From
Buyincomeproperties.com
Home Interior Decorating, Why Developers Charge?
By Buyincomeproperties..com
Sep 29, 2005, 04:46
If you are considering having an investment home built from scratch by a developer, you too may have asked, “why do optional extra get so expensive?”
The developer of investment properties, often answer in THREE WAYS TO JUSTIFY their OUTRAGEOUS PRICES CHARGED FOR OPTIONAL EXTRAS or home improvement design:
1. “Everyone must share in a cut of each and every cost.”
2. “You will shell out through the nose to pay for quality fittings.”
3. “Heads I win, tails you lose.”
The first excuse that the developer of investment properties has is that everyone must share the cost. The cost of what? The price, they say, of construction and of the fittings is magnified by the system of giving more slices of every home loan cost around to nearly everyone that is involved, even if not directly involved in doing on site work.
This is how they say it works: On each net price for a unit, they add 10 to 20 percent for your building contractor to do the home improvement contracts, another two to three percent they say is to cover for the possible upshot of inflation, and then 10 or 15 percent more goes to assorted professionals, such as home interior decorating architects and home improvement, quantity surveyors, and still another 10 or 20 percent must go to the developer, but still there is a five or 10 percent management fee that also goes to this developer. Topping off all of this, there might also be a added percentage going for the company or person who the land investment was bought. This is structured so the developer avoids paying his cash upfront to purchase the land.
BY USING VIGILANCE WE CAN REJECT ALL SUCH OUTRAGEOUS PRICES CHARGED FOR OPTIONAL EXTRAS.
INSTEAD DO YOUR OWN --
HOME REMODELING.
A second excuse that the developer of investment properties has for outrageous prices charged for optional extras is, “You will shell out through the nose to pay for quality fittings.”
When you search out these kitchen or bathroom home improvement fittings that they offer to install in your unit, from taps and counter tops through to flooring, lower-grade fittings are always displayed amid better-quality fittings. Thus making the higher range look impressive. The problem, when it comes time to make that choice; then you discover that all your better-quality stuff has enormous home improvement costs. You may decide to install the quality fittings for significantly less yourself at a later time for home remodeling, but you also could discover that your contract denies all buyers this option. So the choice, whether to go cheap with standard fittings or dish out too great a price for better ones. Before you actually sign the offer for the home financing purchase, you must check very carefully, you might increase your purchase price 10 percent or more if you choose the optional extras.
And finally, the third trick that the developer of investment property may use says, “Heads I win, tails you lose.”
If you are allowed to reject those standard fittings and so receive your reduction accordingly, the certainly will credit you for only the gross costs. In other words, your net price still pays all the percentages gone to the numerous parties listed above. All these percentages were included in your purchase price, yet repeatedly you are offered only the net price for your credit of excluding all standard fittings and leaving the cupboards empty until you install for yourself. In this way, remodeling homes becomes expensive if you have chosen a community from the average shady developer.
Do not let these commercial real estate brokerages with their fast talking sales crews deter you. Go ahead and BUY THAT INVESTMENT REAL ESTATE DREAM HOME TODAY.
JUST READ CAREFULLY AND SHOP AROUND before you sign on that line.
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