Archive for August, 2007



Ways of Supervising Your Building Projects in Nigeria

Thursday 30 August 2007 @ 12:30 am

To get a building constructed can be very easy whether you follow these steps I will be explaining to you. Before you start at all or planning to do anything is better you know what is involved on that thing, and in your plan know how much you are going to spend,and you need to know the numbers of people you’ll be using so that you don’t end up paying people on your site that didn’t work for the day.

There are stages in building constructions that you must follow and requirements of labor varies but have it in your mind that anybody you bring to your site, work or not, they will have to be paid. And in case your first plan doesn’t work you can try another one.

A lot of books are out there advertising new innovations on building, you may be surprised to find out that what you need right now are right in those papers , and you have more opportunities of alternatives.

The reputation of your professional or contractor; how sincere is he and which of his past jobs can he point to? who can stand for him, or recommend him to carry out your job. Make certain this person is actually qualwhetheried for the job.

Whatever you estimate, our economy is besiege by unending inflation, you will always be expected to spend more at the end of the day, so earmark 20% of the estimate for your building for exigencies, though make certain you don’t stretch your budget to the limit, or what is the essence of a shelter whether you don’t have money to supply food for you and your family?

It is important you approve your building plan because of future occurrences, the government can decide to turn your building to a road, what will you use to fight back or at least be paid compensation for your property. If you are a businessman with an approved plan you can turn your property as a collateral to obtain loan from the bank to help your business. You and your contractor must have written agreement on a specwhetheric task he is to perform and also documents amount you pay him and always let him sign under to confirm amount of money you have paid to him, whether you fail to do this, the probability is very high that you’ll quarrel over money with your contractor as the job progresses. I have seen several cases of this. If you feel what he’s charging is a bit on the high side is better you price lower and find out how your building will reflect the amount of money you are paying. Though the cheapest price is not always the best and the cheapest at the long run may end up being the costliest.

The safety of your workers on site is very important to avoid catastrophe let your contractor sgratuityulates his health meacertains for his workers specificly in a large building.

When you are not certain of a step you are about to take, please don’t hesitate to ask the professionals before you embark on it, it may ruin your plans when you don’t seek advice, and local contractors and professionals can be of immense benefits also when you need them at short notice. Remember you are employing and creating a job by giving out your project to be managed by a professional who may actually be your friend, but in this case this is business and should be treated as such.

When purchasing fabrics, always go for the best quality and don’t hesitate to ask for reductions, you will be shocked by the amount of money that will be returned to you. When your contractor is offering you a deal that is too sweet to your hearing and too generous to your purse then you may be heading for catastrophe. Building work is not always as smooth sailing as some people will make you believe.

You can also save cost undeliberately when you build the biggest possible size you can afford as it will cost less whether done at the initial stage rather than as extension later on specificly when you are certain of your capabilities.

There is no need for being unnecessarily apprehensive to get your building totald very fast, be patient to watch out for favorable weather when building and also give room for waste management, so that you don’t end up having no space for your septic, refuse and other wastes. Whatever kind of fabric you are purchasing make certain they will be ready when you need them and always make certain of the presence of services on the site before you purchase them.

Where you keep your fabrics is also important, are they safe? Using an artisan (bricklayer, carpenter, welder etc) to do the job of a professional like Architect, Structural Engineer etc. is not advisable on your site make certain everyone is qualwhetheried for the job at hand and don’t allow any contractor to decide for you because you are the boss and pay only when the job is passable however, don’t cut corners because it will cost you more later.

You can get the best quality of fabrics in Nigeria, you may not need to go abroad for this, don’t accept poor quality fabric or workmanship for your job.

Omion Emmanuel is an architect that has terrific passion for online marketing, He uses the medium to teach young Nigerians on how to effectively build,manage and supervise their building projects.
He is more at home with construction industry of his native country Nigeria.
He specializes in Residentials and Bank building design and Construction.
He is best called Nigerian online building management pro.
http://www.buildingcontractorsecrets.com

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Nigerian Leaving In The Diaspora! Don’t Start A Building Project Without Reading This

Tuesday 21 August 2007 @ 7:46 pm

Many Nigerians abroad have been defrauded back home trying to build a house. The stories of bitter experiences are everywhere, but often time, the main cause of the problem is you. yourself in the diaspora, that always wants to eat your cake and still have it and at the long run you end up losing so much.

Nigerians, no matter how civilised have consistently finds it difficult taking right channels in their endeavour and this is causing a lot of problems. Building a house at home can be as easy, as going to the supermarket to shop, however you have to pay the price through proper channel and save yourself from heartache or you pay the hardway and God help you don’t end up loosing your money altogether.

Money is easily lost in overdependence on relatives and friends alike. When you entrust your money to these people because they are close to you, is good but if you’re unlucky to have the very terrible relations you may be in trouble without knowing.. Family ties will prevent you from taking legal action against them. These are what you must do to avoid these problems.

(1) Let Professionals Handle your Project:
This is where many a lot of people get it wrong and uptill now are still lauguishing in ignorance. People believe contracting the professionals will increase your cost of building, this is absolutely untrue, though at the surface to you layman, a professional charges so high an amount of money, he stretches you to the point of investing a little beyond your budget and you’re wandering why you have to spend several thousands of naira to a man that will only come to your site, look for a tree to sit under, stays for 30 minutes to 1 hour in your site and is collecting all the money. Ask those that have faced the repercussion of not consulting professinals the evidence are dotting the landscape of Nigeria.

Paying for the professionals is not a waste but you are paying for him to save you money unknowingly, not clear to you. Yes, at the face you look for quacks, they charge so low to get the job done, you are not bothered with peanuts you paid them, guess you’re seeing yourself as being smart, but wait for just two years and see what have become of your house. You’ll start spending so much more correcting errors of the quacks and it has to be may be till when the building finally collapses. There are houses in Nigeria, that you have to paint every 6 months for them to look okay, yet some have stayed for 10 years without repainting and still looking better. What of the cracks all over your houses, how did your quack respond to challenges on site that were not initially there. If rain fall what becomes of your house? many and more of what the professionals would have stood on their ground to make sure you have a befitting house, unfortunately everybody sees one as a thief.

One of the safest way is to engage the services of notable Architectural firm in the country, yes they will charge more, but they have a reputation to protect and won’t run away with your money. Building and construction companies that are very good are in the country, why not engage their services.

(2) Don’t Send down all the Money at Once:
Sending lump sum to your closest relatives may afterall be your undoing. A naturally nice person may change on the sight of large money, he would have committed the crime and used your money for his personal gains before blaming the devil. This become even easier since you are not there to monitor things yourself, all he has to do is to send pictures of a beautiful house somewhere to you.

If you delay a little, the worst that will happen is just a little rise in your price but you’ll have had enough chance to cross check either by you coming home or through other friends as third party before investing heavily: also create artificial scarcity, there is errorneous belief that people abroad has a lot of money to throw around.

(3)Crosscheck and don’t allow anybody to bamboozle you into buying or paying for anything when your mind is not thoroughly cleared about it.

(4)Find a time may be once in a year to come home and monitor the progress of your building. It is two ways if you are impressed with what you see it may encourage you to work better and the other way round is to get discouraged, and this will give you the opportunity to take stocks and make the necessary steps to achieve your aims.

(5)Your property documents are what you need and will stand proof of ownership in case of legal tussle or private incursions. If Government, then they should be able to pay you compensation.

Omion Emmanuel is an architect that has great passion for online marketing, He uses the medium to teach young Nigerians on how to effectively build, manage and supervise their building projects. He is more at home with construction industry of his native country Nigeria. He specialises in Residentials and Bank building design and Construction. He is best called Nigerian online building management pro.


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How Much Commission Should You Pay?

Thursday 16 August 2007 @ 2:25 pm

Real estate sales commissions are a topic that garners a great deal of attention. This is perfectly understandable since sellers naturally wish to reduce the cost of selling their home. But, there is a point after which the reduction of a commission becomes counterproductive and begins to undermine the sale of your home. A significant portion of the commission you offer should be dedicated to attracting more buyers.

Commissions are comprised of three parts:

  1. Advertising budget – the money spent to advertise your home.
  2. Buyer Agent Split – this is the share of the commission that is offered to other agencies as an incentive to find buyers for your home.
  3. Fee for Services – this is the portion of the commission that the listing agency earns for all services performed on your behalf.

A common mistake made by sellers is to think of commissions strictly as component number three – Fee for Services. They feel good about negotiating a low commission rate but fail to realize that they may have undermined the successful sale of their home. To compensate for a low commission rate agents will sometimes lower the advertising budget and commission split offered to other agents. From the seller’s standpoint this is counterproductive. What good is it if you save one or two percent on the commission rate but fail to attract qualified buyers? For superior results you need to attract as many buyers as possible.

Another aspect of the “Services” portion of the commission is that it’s really more than a time-and-materials charge. You can’t calculate the service portion of the commission by multiplying a fixed dollar amount by the number of hours an agent invests in selling your home. Why? In a traditional commission arrangement payment of the commission is conditional. The seller is only required to pay a commission if a buyer is found and the home actually sells. If the home does not sell, the homeowner pays NOTHING. The agent and broker are assuming the costs and risk of a home not selling. If the home doesn’t sell not only does the agent not earn a single penny, but they actually lose money. You don’t need to feel sorry for the agent. But, understand what you’re paying for. A large part of the “Service” portion of the commission is actually for risk mitigation. Not only are they assuming monetary risks by paying for marketing up front, they assume some of the liability risks via their involvement in the sale. You are also paying for the agent’s knowledge and experience to guide you through the sales process. There are a few agents that are willing to work for time-and-materials. But interestingly, once a seller understands that under this business model they may have to pay several thousands of dollars without any guarantee that the home will sell, most opt for a traditional commission arrangement where payment is only due if there’s a successful conclusion.

The commission is built into the price of your home. The proceeds from a sale come from the buyer. So, who really pays for the commission? You’re better off raising the price of your home and offering a fair commission than setting a sub par commission rate. At a minimum, you should negotiate a commission rate that is equivalent to the average commission rate on the multiple listing system (MLS). Offering a lower commission rate will only result in less marketing exposure and less showing activity. The key to a quick sale at top price is getting full market exposure and leveraging the hundreds of real estate agents in your area by offering a fair commission split. A low commission is not a bargain if your home doesn’t sell or you only receive inferior offers due to low activity.

Commissions are always negotiable and the real estate industry is very competitive. Although brokers and agents are permitted to establish their own business policies with respect to commissions, if you’re looking for a “bargain” you can always find somebody that will accept a very low commission. But doing so will result in less activity and possibly an expired listing. The commission is more than a fee for services and traditionally only due if your home actually sells. Furthermore, your advertising budget and buyer agent split are critical components of your marketing plan. So, never chose an agent on price alone. Understand what you’re paying for and the kind of services that are being offered. The best commission is the one that offers the best value and attracts the most number of buyers. The superior results you achieve should more than offset the one or two points a “discount” or inferior agent may try to seduce you with.

Ed Chaparro is a licensed New Jersey real estate agent with Prudential New Jersey Properties servicing Metuchen, Edison and near-by communities in Middlesex, Union and Somerset counties in New Jersey.

Ed Chaparro has over twenty years of experience working with technology and putting it to use to help people and businesses. Ed Chaparro mixes traditional real estate marketing (MLS, signs, direct mail) with a very aggressive Internet marketing plan that maximizes the number of buyers reached.

For buyers, Ed Chaparro provides methods and communications that enable them to view their options in manner that is efficient, informative and free of any hard-sell tactics. This approach has garnered Ed Chaparro a great deal of buyer loyalty. For more details and information please visit http://www.EdChaparro.com

 

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