Like all other industries, real estate industry is not safe from scams.
There are groups of people working to harm real estate professionals,
lending institutes, investors, landlords, buyers and tenants. Usually
professionals working in the industry are ethical and try to perform
their duties with honesty. There are criminal mind people who actually
don’t know about business process of this industry but they use
properties as source to extract money from people.
Main reason of real
estate property scams is the huge amount of cash associated with
properties. Whether, landlords selling or renting their properties to
buyers and tenants they will be dealing with huge amount of money.
Here seven tips to avoid real estate property scams:
1. Whether you are buying or renting a property from landlord or you
are going to sell and rent your property to tenants, ensure this to make
your contract in written form. Never assume that party you are dealing
with will follow verbal promises.
2. If you are going to make any kind of real estate property deal for
the first time, it's better to take advice from experienced
professionals. Experienced and qualified investors and professionals
will help you to estimate the real value of the project or property for
which you are investing your money. They will also help you to identify
the ambiguity in a contract. Professional suggestions will surely
protect you to make doubtful deals.
3. Before making final decision to invest in any property development
project, it is good to observe major property development projects. You
can also find information about common real estate scam cases via media.
Usually real estate fraudsters try to use same technique to deceive
people. This makes it little easy to identify scam property deal.
4. Try to work with certified professionals. It is critically important to work with authorized real estate agents
and property management companies. Moreover, if you are individually
selling or renting your property to a buyer or tenant, make sure about
his employment and bank balance. If person you are dealing with show a
complex background be careful then, he may be a scam artist.
5. Always ready to quit any real estate deal, even if the offer is too
good. In case you don't get satisfactory answers to any of your
questions related to the property you are going to buy or rent. Keep it
in mind real estate deals
must be profitable for both the parties. Don't focus only on what you
will be getting after the deal; also consider what other party will get
at the end.
6. Also keep an eye on your bank accounts; you will also become victim
of identity theft that may lead to involve you in sort of corruption and
fake bank transactions. Scam artists can open fake accounts with your
name and make scam deals on your name. Maintain proper data of your
accounts and properties you possess to avoid such incidents of identity
thefts.
7. Avoid paying beyond your capacity to pay for a property. Real estate
scams also betray buyers and sellers showing them urgency to sell or
purchase assets and encourage them to pay extra money for the property
or finalizing sale deal below actual market prices. It is important to
consider correct value of property ad your budget limits.
Following these simple tips will help you to avoid real estate
property scams. Whether you are going to purchase, sale or rent a
property. There are always chances to become a victim, only careful
observation of whole business process will protect you from property
scams.
Call us when in doubt or in trouble. We can assist in our small way.
+263 779538970 (Also on WhatsApp)
Monday, 18 May 2015
Tuesday, 12 May 2015
The pros and cons of cluster house development
Development isn't all about shopping centers.
Cluster housing has worked in other parts of the country, and it's been written into municipal by-laws since the turn of the millenium. What has been missing were developers willing to make the up-front investment to create cluster housing developments and prove to the local population that living on a working farm is preferable to plowing one under to pour a new home's foundation.
"There is definitely a risk factor for the property owner or developer," says Engineer Praymore Mhlanga, the Gweru City Council Acting Director of Engineering Services. "This is a new-product type in a market without a track record in this area. But it has very real benefits for the community in terms of land use and the environment."
Mhlanga and his team had to tour Bulawayo, Harare, and other places in order to really understand what the cluster house concept was all about.
"The problem," says a property guru who requested anonymity, "is that we haven't yet seen a local example of cluster housing, so no one realizes that it is a sustainable solution.
Like living on a golf course of a lake, the cluster housing idea would allow people - young families, retired seniors, working peope - to live "on a farm or plot."
It does take a large investment to create this kind of development. When landowners can easily sell 5-acre parcels for ready cash, with no requirement to install utilities or other infrastructure before the sale, what is the incentive to create cluster housing?
The incentive, says the property guru, has to be a concern about the future of the landscape coupled with a belief that this kind of neighborhood is desirable. He'd love to live on a plot, and he doesn't think he's alone in that desire. And financially, he is convinced after reading about similar clusters throughout the country, that although it is a more complex and costly process, cluster housing does ultimately get the landowner's equity back.
"It requires money and vision," He admits.
Another developer works with clients daily who want their dream home on a 5-acre lot, not realizing the amount of maintenance required to keep five acres looking good, or the farmland that might have been saved had they and their neighbors required less land per home.
"I just know that if people could see this kind of neighborhood, they'd realize how much sense it makes," in terms of consistency of design and neighborhood feel, she said, something that is lacking in a patchwork of 5-acre parcels.
Says Simon Dube, a property consultant:"People have a false sense of security on their 5-acre parcels, and they're surprised if their neighbor starts, for example, to ride around the perimeter of his property on a dirt bike. There are no restrictions on what they can do, and we have no capacity to control other people's choices. Planned cluster developments have covenants that guarantee a certain type of neighborhood, with surrounding open space."
Writes Don Merriweather on city-data.com: "To start, there is no legal definition for what a cluster home precisely is. The one thing everyone agrees on is that it is a single family "detached." (I want to emphasize the work detached.) In almost all cases, the cluster home is separated from the home or homes immediately to the left or right or both by a space of 10' or less . . . hence, the idea that they are clustered. Some realtors seem to think that two homes connected by a common storage room wall qualify to be classified as cluster homes, but that is not the case.
"The definition of a townhome is defined as an "attached, privately owned single-family dwelling unit which is a part of and adjacent to other similarly owned single-family dwelling units that are connected to but separated from one another by a COMMON PARTY WALL having no doors, windows, or other provisions for human passage or visibility." (Emphasis added) I hope this will clarify what a cluster home is and is not.
Adds Merriweather: "As for negatives about cluster homes, that really is up to the purchaser (given that the location is good). Some folks like to live closer to others; some don't. Some folks like less yard work; some love jumping on a riding lawn mower once a week. It goes on . . . . Every style of home has its pool of interested buyers, and if you don't want to hear your neighbors screaming at each other about each others faults, then focus on homes on larger lots.
Considering that Mashmo Eastdel Cluster houses are within a 500 square metre enclosure, with the house itself occupying 150 square metres, the word close automatically loses its meaning here.
Cluster housing has worked in other parts of the country, and it's been written into municipal by-laws since the turn of the millenium. What has been missing were developers willing to make the up-front investment to create cluster housing developments and prove to the local population that living on a working farm is preferable to plowing one under to pour a new home's foundation.
"There is definitely a risk factor for the property owner or developer," says Engineer Praymore Mhlanga, the Gweru City Council Acting Director of Engineering Services. "This is a new-product type in a market without a track record in this area. But it has very real benefits for the community in terms of land use and the environment."
Mhlanga and his team had to tour Bulawayo, Harare, and other places in order to really understand what the cluster house concept was all about.
"The problem," says a property guru who requested anonymity, "is that we haven't yet seen a local example of cluster housing, so no one realizes that it is a sustainable solution.
Like living on a golf course of a lake, the cluster housing idea would allow people - young families, retired seniors, working peope - to live "on a farm or plot."
It does take a large investment to create this kind of development. When landowners can easily sell 5-acre parcels for ready cash, with no requirement to install utilities or other infrastructure before the sale, what is the incentive to create cluster housing?
The incentive, says the property guru, has to be a concern about the future of the landscape coupled with a belief that this kind of neighborhood is desirable. He'd love to live on a plot, and he doesn't think he's alone in that desire. And financially, he is convinced after reading about similar clusters throughout the country, that although it is a more complex and costly process, cluster housing does ultimately get the landowner's equity back.
"It requires money and vision," He admits.
Another developer works with clients daily who want their dream home on a 5-acre lot, not realizing the amount of maintenance required to keep five acres looking good, or the farmland that might have been saved had they and their neighbors required less land per home.
"I just know that if people could see this kind of neighborhood, they'd realize how much sense it makes," in terms of consistency of design and neighborhood feel, she said, something that is lacking in a patchwork of 5-acre parcels.
Says Simon Dube, a property consultant:"People have a false sense of security on their 5-acre parcels, and they're surprised if their neighbor starts, for example, to ride around the perimeter of his property on a dirt bike. There are no restrictions on what they can do, and we have no capacity to control other people's choices. Planned cluster developments have covenants that guarantee a certain type of neighborhood, with surrounding open space."
Writes Don Merriweather on city-data.com: "To start, there is no legal definition for what a cluster home precisely is. The one thing everyone agrees on is that it is a single family "detached." (I want to emphasize the work detached.) In almost all cases, the cluster home is separated from the home or homes immediately to the left or right or both by a space of 10' or less . . . hence, the idea that they are clustered. Some realtors seem to think that two homes connected by a common storage room wall qualify to be classified as cluster homes, but that is not the case.
"The definition of a townhome is defined as an "attached, privately owned single-family dwelling unit which is a part of and adjacent to other similarly owned single-family dwelling units that are connected to but separated from one another by a COMMON PARTY WALL having no doors, windows, or other provisions for human passage or visibility." (Emphasis added) I hope this will clarify what a cluster home is and is not.
Adds Merriweather: "As for negatives about cluster homes, that really is up to the purchaser (given that the location is good). Some folks like to live closer to others; some don't. Some folks like less yard work; some love jumping on a riding lawn mower once a week. It goes on . . . . Every style of home has its pool of interested buyers, and if you don't want to hear your neighbors screaming at each other about each others faults, then focus on homes on larger lots.
Considering that Mashmo Eastdel Cluster houses are within a 500 square metre enclosure, with the house itself occupying 150 square metres, the word close automatically loses its meaning here.
Monday, 11 May 2015
Demystifying cluster house development
A Residential Cluster Development, or conservation development,
is the grouping of residential properties on a development site in
order to use the extra land as open space, recreation or agriculture. It
is increasingly becoming popular in subdivision development
because it allows the developer to spend much less on land and obtain
much the same price per unit as for detached houses.
The shared garden areas can be a source of conflict however. Claimed advantages include more green/public space, closer community, and an optimal storm water management. Cluster development often encounters planning objections.
According to William H. Whyte, the author of “Cluster Development” there are two types of cluster development. Townhouse development and super development.
Definition
Cluster Development also known as conservation development is a site planning approach that is an alternative to conventional subdivision development. It is a practice of Low Impact Development that groups residential properties in a proposed subdivision closer together in order to utilize the rest of the land for open space, recreation or agriculture. Cluster development differs from a planned unit development (PUD) due the fact that a PUD contains a mix of residential, commercial, industrial, or other uses, whereas the cluster development primarily focuses on residential area.
The purpose of cluster development is to:
The shared garden areas can be a source of conflict however. Claimed advantages include more green/public space, closer community, and an optimal storm water management. Cluster development often encounters planning objections.
According to William H. Whyte, the author of “Cluster Development” there are two types of cluster development. Townhouse development and super development.
Definition
Cluster Development also known as conservation development is a site planning approach that is an alternative to conventional subdivision development. It is a practice of Low Impact Development that groups residential properties in a proposed subdivision closer together in order to utilize the rest of the land for open space, recreation or agriculture. Cluster development differs from a planned unit development (PUD) due the fact that a PUD contains a mix of residential, commercial, industrial, or other uses, whereas the cluster development primarily focuses on residential area.
The purpose of cluster development is to:
- promote integrated site design that is considerate to the natural features and topography
- protect environmentally sensitive areas of the development site, as well as permanently preserve important natural features, prime agricultural land, and open space
- minimize non-point source pollution through reducing the area of impervious surfaces on site
- encourage saving costs on infrastructure and maintenance through practices such as decreasing the area that needs to be paved and the decreasing distance that utilities need to be run
- the primary purpose is to create more area for open space, recreation and more social interaction Tomorrow: The pros and cons of Cluster House Development.
Friday, 8 May 2015
5 Frequently Asked Questions (FAQs) about Mashmo
1.Who are the brains behind the project?
Construction guru Mr Blazio (Mashayamombe) Mtakiwa and marketer-per excellence Mr Robson Vunganai Moyo have teamed up to come up with this dynamic land investment trust, based in Gweru.
'Mash' is borrowed from Mashayamombe, and 'Mo' from Moyo, to come up with the unique name, MashMo.
The architect's 3D impression of the proposed shopping centre |
As the proprietor of Blano Construction, Mr Mtakiwa has built hundreds of houses for clients before, over a career spanning forty years, and has traceable references.
Through his expertise, Mr Vunganai has historically provided stands to low-to medium income earners under Tinshel Properties in Montrose where he was the general manager, much to the satisfaction of the beneficiaries who previously never dreamt of owning a property.
2. How many units are up for grabs at Eastdel Cluster houses project?
The spacious plot, situated in Daylesford's Eastdel Road, can accommodate 104 units. So far council has approved the construction of 78 units, and the local authority engineers are looking into the idea of adding a few more.
3. How spacious are stands?
Houses are constructed on 500 square metre stands, with the actual building consuming 150 square metres.
4. How can I benefit from the scheme?
You start by paying $50 joining fee, after which you make the initial deposit of $3000, over three months. Monthly installments of $345 can then be paid over 15 years. All in all, the property cost $65 000.
It is up to the client to even pay the total amount in five years, a year, or even at once!
5. Do I get title deeds?
Very much! Title deeds to the property involved are available from the company. However you get them after making the full payment
Our lawyers are Garikayi and Company, and MashMo has also partnered with First Mutual Insurance as far as legal issues and insurance is concerned.
Wednesday, 6 May 2015
TELL ME, WHY???
 |
| 3D impression of Eastdel cluster houses |
Records are replete with cases in which stands have been repossessed by local authorities after the initial owners failed to develop them.
At Mashmo Land Investment Trust, we endeavour not only to sell you a stand but build you a HOUSE! The good news is you will pay the full amount over 15 years while you stay in your own home!
Our three-bedroomed cluster houses situated along Eastdel Road in the leafy Daylesford suburb in Gweru, are an offer under affordable, unheard of payment plans.
Pay $50 joining fee, Deposit $3000 over three months, and make $345 monthly instalments within 15 years! You can alternatively pay $500 every month over 10 years.
First Floor, Motala Building, &4 Main Street, GWERU
Tel +263 54 224166 Fax +263 54 224181
WhatsApp +263 779 538 970
Email: mashmolit@yahoo.com
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