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Which Real Estate Option Is Right For You?

With a new year come new opportunities, new possibilities and new decisions to be made. One very important decision you’re probably either facing, or will face in the near future is what real estate option is best for you. Whether you buy an existing home, have your home built or rent a property is a huge decision and the answer is not always simple as you might think. Here are the main benefits and drawbacks attached to the three main options mentioned above.

 

Buying a Home:

The two main advantages to buying a home are cost and convenience. Contacting a real estate agent or agency to assist with finding relevant properties, dealing with the paper work and assisting with negotiations can fast track the process allowing you to find the ideal home sooner rather than later. Another important advantage is that the cost of buying a home, in many cases (not in all), is cheaper than starting from scratch.

The main disadvantage with buying a home is that you won’t get exactly what you want. The layout may not be to your liking, or certain rooms may either be too small or larger than you would like it to be. However, the convenience of being able to move in right away is compelling enough for many individuals to choose an existing home over the building process.

 

Building a Home:

By building a new home you could use an architect or designer to create your dream home instead of settling for features that you find less than desirable. In addition. building a new home is more efficient and healthier for you. Building and energy codes change allowing homes to be more energy efficient which is better for the environment and can save you more on your utility bills. A new home is also less likely to bring about health concerns such as mold, lead paint, etc.

The biggest drawback to building is that it is a huge project to undertake, and it takes a lot of time. Hence it does not provide the same convenience as buying a home. However, building a home provides a level of satisfaction that you can’t get through buying a home.

 

Renting a Home or Apartment:

With renting you have a much greater degree of flexibility that you don’t get when you’re tied into a mortgage arrangement. For individuals who are constantly on the move a benefit of renting is the mere fact that you can move on at any time and don’t have to worry about the stress of selling your existing property and buying another.

The main downside with spending your entire life renting is that you have no fixed asset, which is a big disadvantage for many individuals.

 

If you need any clarification on this topic, feel free to email us at feedback@millenia.dm.

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Skills and Qualities of a Successful Real Estate Agent

Are you planning on placing your property on the market for sale or rent? Are you considering seeking the assistance of a real estate agent or agency to get your property sold or rented but don’t know who to turn to? Then this article is for you. Today we share with you 7 of the most important characteristics that a real estate agent should possess.

 

  • A successful real estate agent is honest:One of the most important characteristics that a real estate agent should have is honesty. In any business clients want to work with someone whom they can trust, therefore agents should strive to be upfront and transparent in their transactions.

 

  • A successful real estate agent is passionate:Find an agent who is excited about the job. A real estate agent should have a passion for finding the right property for someone who is interested in buying or renting, as well as making their clients happy. Yes, the commission is great but that feeling of making your clients happy!…. the picture below explains

Photo credit: Pinterest.com/ Lighter side of real estate

 

  • A successful real estate agent knows how to negotiate:Whether a client is buying, selling or renting, strong negotiation skills help the process go smoother. In the mind of the buyer or tenant the property can always be offered at a price lower than what it’s listed at, au contraire this is not always the case, and quite often the seller or landlord is of opposite views.  The agent therefore has to pull out their negotiation skills and tactics to achieve a win-win solution as quickly as possible.

 

  • A successful real estate agent has good work ethics:Successfully selling a property takes a lot of time and effort. They must be aggressive towards marketing the properties in order to get them off the market while remaining ethical. The agent should provide clients with the necessary attention required, engage prospects and conduct showings proficiently.

 

  • A successful real estate agent is well-organized:Having efficient organization skills such as keeping track of appointments, arranging meetings, being on time, returning client calls and emails promptly…

 

  • A successful real estate agent knows the local market:Information on the local market is essential knowledge that an agent must have, especially if they are working with foreign clients. They will be able to properly advice on accommodations, amenities, culture, history etc. of the location which will influence the decision of the person(s) whom they are assisting.

 

  • A successful real estate agent is knowledgeable about the sale process:The agent must know as much information as possible about the process so that they will be better equipped to guide their clients through the process. For instance, they should know the necessary documents required to transfer real estate from the seller to the buyer as well as the applicable government fees.

 

With a good real estate agent everybody wins in the end.

What other qualities do you look for in a real estate agent?  We would love to hear from you.

 

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Design Your Dream Home

There is a lot of pressure when it comes to designing and building your dream home. You want to ensure that it is as perfect as possible and that you make as few compromises as possible. In this article, we discuss what needs to be done when designing a home and factors that you need to consider.

 

Getting Started: All you really need to get started is a simple thought or a dream.  Think about your likes and your dislikes, the design choices that speaks to you, features that you’ve admired in other homes, as well as features that meet your needs and suits your style.  Take note of these to better transition into the next step, finding an expert.

 

Getting Advice: Before making a final decision, it is wise to run the ideas you come up with past an Architect, or even a Contractor. By doing so you will be well informed on what can and cannot work, as well as the most cost effective design choices and materials allowing you to remain within a specific budget.

 

Keep the Future in Mind: When planning on designing a home it is best to design with the future in mind, not just your current situation. Where do you see yourself in ten years, 20 years, even 50 years? Do you plan on extending your family? Then you should design in such a way that the home can be extended at ease. Do you plan on spending your retirement in the same home? Then consider building a home that is elder friendly instead of having to make a lot of alterations when old age starts creeping up on you.

 

Think about the Land: Maximize on the shape and size of the land by designing your home to suit its natural state. You can always alter the land to fit your design, which you may need to do in any case. However the more alterations that needs to be done the more money that will be spent. If the land is already flat, designing a home that works best with a slope is unnecessary.

 

CLICK HERE for tips on making your home Elder Friendly.

 

If you need any clarification on this topic, feel free to email us at feedback@millenia.dm.

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Wallaba house plan

EC$2,264 Drawings Only

EC$3,523 Drawings and Cost Estimate

Floor Area 1,258sqft

Stories 1 | Bedrooms 2 | Bathrooms 2

Exterior Dimensions 46′ x 38′

This plan appeals for its Economy of space, and Pacific Theme.

Open but Cozy: The kitchen, dining and living room flow into each other as a continuous open space but the maximum wall to wall distance is 20 feet, creating a ‘snug-living’ feel.

Bali Influence: Wooden louvers encourage natural ventilation, Bifold doors afford multiple spacious accesses (min 4 feet wide) to porches on opposite ends of the building. The Timber flooring on the porches along with the timber railing and stone facing accents add a soothing natural touch.

Privacy and Economy: The master suite, complete with a walk –in closet and en- suite bath (still below 200 square feet) opens out onto its own verandah.

Storage: A walk in pantry/storage closet provides ample space to store groceries and other household items.

 

CLICK HERE to view additional house plans available for sale.

 

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Putting the Cart Before the Horse

If you actually wanted to get to your destination, would you put the cart before the horse? We dare say that you would answer no.

This is why it is amazing that many potential home buyers put the cart before the horse and go out to search for homes without going to a financial institution first to find out what mortgage amount they could qualify to receive.  We share the following 3 main reasons why prospective buyers should visit their lender before searching for homes.

Be ready to compete

Most times a buyer finds a great deal on a home, there are many other buyers who have also found it.  A buyer who has been to their lender, brought in all the requisite information and has been advised of the mortgage amount they would qualify for is in a position of strength.  This buyer knows for sure how much they should offer in negotiations with a seller and is able to offer a shorter time to complete the purchase because they have already begun the loan application process.

Do not short-change or disappoint yourself

A buyer who guesses how much house he can afford could easily be placed at a disadvantage. If a buyer thinks he can afford less, he could waste time looking at lower quality homes although he may be able to afford more.  However, if a buyer can afford more than he thinks, he could be setting themselves up for great disappointment if he falls in love with a home that he eventually finds out he cannot afford.

It is practical.

It is just sensible for a buyer to first begin the loan application process and find out how much a

lender is able to provide to him as a mortgage loan then go out to view properties at an appropriate price.  This will save the buyer, seller and real estate agent the time and inconvenience caused from discussing and visiting homes that the buyer cannot afford.

 

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Season’s Greetings from the Executive Director

It is the Christmas season; a season many of us look forward to every year. It is the time when we spend more time with our loved ones, reflect on the year’s activities and look towards the New Year. For the Millenia Group of Companies, this past year has been very challenging with many changes, and opportunities.

Two of the most significant achievements for the Millenia Group in 2019 include: arriving at an agreement with the Office of the NAO Dominica for design and construction of 2 regional emergency shelters. The second achievement is that we have begun the process of renewal as we innovate and adapt to the changes faced in the industry and develop plans for the future that build on our strengths.

During this season, it always brings about a time for pause and reflection, so I write this Christmas message expressing my appreciation to those of you who have supported our group either directly as clients or through referrals or merely considering us through your development goals. Behind the scenes, thank you to our dedicated staff who have supported with your talents and time — designing, supervising, preparing and reviewing, and sharing your positive energy where needed. I am always humbled by your drive to make our organization better. The words “thank you” do not begin to express my gratitude.

To those of you whose expectations we did not meet this past year, we trust that 2020 will be our year to serve you with the greatest pleasure and satisfaction.

To all of you— have a wonderful season and may the peace & joy that this season brings be yours today and always.

Warm Regards,

Alistair Grell.
Executive Director

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Organize Your Office Space

Written by Garn Todd Joseph

Website & Advertising Assistant for the Millenia Group of Companies

Millenia Architects | Millenia Realty | Sorell Consulting Ltd. | Kaliber Construction & Homes

 

Here are six (6) tips to help you create a workspace that is efficient, well-organized and improves productivity.

  1. Keeping your office space clutter free helps reduce stress and improves organization and efficiency. One way to ensure that your work station remains free of clutter is by clearing your desk whenever you step out. When you are going out for a break, to do a few errands or you are stepping out for the day, clear out your space.
  2. Keep everything in its place.When you have a designated space for everything, items are easier to The familiarity of your workspace also removes distractions making it easier to focus and prioritize your work.
  3. Make your desk a combination of inspiration and efficiency. Consider having wall art or client testimonials close by to inspire you and keep you motivated. You can also keep a vision board close by to remind you of your long-term goals and a calendar to keep track of important activities and appointments.
  4. Adding a few plants to your office space or working in an area with a view of outside helps to reduce stress and improves Working near windows also increases your access to natural light which has a positive effect on how an individual feels.
  5. Ample lighting is important for every type of workspace. This improves your motivation and functionality by creating a productive atmosphere that is conducive for working.
  6. The design of your office space should reflect your company’s character. By your design choices you can communicate your brand to customers/visitors. Your choice of decor, furniture, etc. should reflect your business culture and appeal to the type of customers you want to attract.

Whether you work from home or in a formal business setting these tips can be quite useful.

Were the above tips useful?  Share this article with family and friends.  If you need any clarification on this topic, feel free to email us at feedback@millenia.dm.

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Preventing Heat Strokes

Lately we have all felt the harshness of the unforgiving sun. It is paramount that we safeguard ourselves from the adverse effects of the rising temperature, such as heat stroke. Heat stroke is a form of hyperthermia where an individual’s body temperature is elevated significantly to a temperature greater than 105 degrees Fahrenheit. The condition is marked by fever, and often unconsciousness. Other symptoms include: seizures, throbbing headaches, nausea and vomiting, muscle weakness, and rapid heartbeats. It is a medical emergency that can be fatal if not promptly and properly treated, causing death and damage to the brain and other internal organs. To help prevent a heat stroke, the most important measures to take are to avoid dehydration, and vigorous physical activities in extremely hot weather conditions.

 

Here are a few practical tips to prevent falling victim to a heat stroke:

 

  • Wear clothing that fits tightly to your body to allow it to cool properly. Clothing that is loose and light (weight and colour) also provides the added benefit of not absorbing a lot of the sun’s radiation.
  • Use an umbrella to shield yourself from the sun’s rays. A hat is the second best option if you do not have access to an umbrella.
  • Sunburn affects the body’s cooling process. Use sunscreen to protect your skin from the sun. For the most effective results use sunscreen with a sun protection factor (SPF) of 30 or greater. Apply generously to exposed areas every two hours, or more if you are out swimming or sweating excessively.
  • Remain indoors and in shaded areas as much as possible. For activities that simply must be done out in the open, try to schedule your time in order to engage in those activities at the coolest times of the day (early mornings and late evenings). When exercising, it is wise to drink 24 ounces of water, sports drink, etc. two hours prior, 8 ounces after you are done, and 8 ounces every 20 minutes during.
  • As stated earlier, remaining hydrated is essential to maintain a normal body temperature. Drinking at least eight glasses of water, fruit/vegetable juices, coconut water, and sports drinks is recommended to replace sodium and other electrolytes lost from sweating, or a quart of fluids per hour. Avoid drinking caffeinated and alcoholic drinks (this includes sodas and tea) which causes the body to lose fluids quicker. Also, remember to monitor your urine. Darker urine is a likely sign that you are dehydrated.
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Why You Should Include a Powder Room in Your Home Design

A powder room is essentially a secondary or half bathroom that usually contains only a toilet and a vanity or face basin, and is usually located near areas that accommodate guests such as the living room. They are usually smaller than the average bathroom, but despite this, they offer a great deal of convenience and comfort to the entire family and your guests.

 

Here are a few benefits of including a powder room in your home:

  • By including a powder room, guests can use the toilet or sink without walking through your entire home. For home owners who value their privacy, or for the occasions when you may not have gotten the opportunity to ensure that entire home is spick-and-span, having a powder room can be very convenient.
  • Powder rooms are a great use of space. Given their smaller size, powder rooms can fit into an already established floor plan without taking up too much space. Not only would including a full bathroom take up more space, it would also be more difficult to incorporate into an existing plan.
  • Including a powder room will likely increase your property value as well as its selling potential. Having additional bathrooms are a surefire way to get home buyers to consider purchasing your home. In addition, if a full bath cannot be included, a powder room is the next best option.
  • Including a powder room would help reduce the people to bathroom ratio. For large families, a powder room would be a welcomed addition to the home, as it would provide family members with more convenience since it decreases the foot traffic to the main bathroom.

 

Keep this additional tip in mind to create the optimal powder room: choose fittings that can easily fit into the room without taking up too much space. For example, using a pedestal sink instead of a cabinet will make the space appear larger and easier to move around.