Various regions of the United States are virtually hotbeds for excellent, quality rental properties. Dreams of home ownership have dissolved over time, as this can be strongly correlated to the marked change in economic conditions. Many families are, therefore, willing to settle for a rental property. And for this reason, it is time to embark upon grand opportunities in the real estate market. Traditionally, homeowners would purchase homes and sell them for a profit. But it may be more profitable nowadays to buy a house and Government officer cooperative housing society. As a result, vacancies in rental properties have dropped slightly throughout the United States, reflecting the growing popularity of rental properties.
When we’d settled on Costa Rica, the destination we planned to retire to, the first thing we did was set a strategy to find a piece of property that met our requirements in terms of size, location, and budget. We were savvy shoppers, having bought and sold close to a dozen properties in the states, so we thought we knew what we were doing. We first looked for a foreclosed property in Costa Rica. We quickly realized there wasn’t much in the way of foreclosed homes in Costa Rica since most homes has no mortgage, with most being purchased in the past for cash.
The mortgage market in Costa Rica is still in its infancy. Typically you can’t get a mortgage on land, only developer financing. In this type of financing, the developer holds the note. Mortgages for finished homes or construction mortgages typically require large down payments in Costa Rica. Banks in Costa Rica want a minimum of 20% of the value of the mortgage as collateral. Fortunately, you can typically pledge land you own as collateral for a construction loan which is what many owners in our developments do.
Many real estate developers in Costa Rica are very new to the industry. What they soon learn is that development in Costa Rica is highly regulated. Getting permits to subdivide, build roads, and install water lines or electricity is challenging. Costa Rica boasts staunch conservation. In recent years the government has created new hurdles to slow the growth of foreign development companies with projects aimed at North Americans and Europeans. Verify the experience of any developer you are considering. See what they have accomplished, not what they plan to do. Visit their projects. Ask about fees, CC&as, and deed restrictions. Some developers require you to build in a certain amount of time. Others require that you use their construction services even though they may need more experience.
Also, find out the type of development and titling they are doing. Are they selling agricultural parcels with limited use and value? Are they dealing with “Parcel Minima” boxes with minimal infrastructure and few requirements for the developer to bring electricity, water or roads to the lots? Is the project gated? Gated projects often allow a developer to provide little infrastructure and services inside the gate. There are no municipal standards applied once inside the entrance. Find out what services will be provided and when before purchasing. Please buy what you see, not what they tell you is coming. Be wary of brochures full of artists’ renditions of what development will look like.
Drapes are also fabric panels, but they’re made of heavier fabrics than curtains. These window coverings are lined because they’re mostly used to block light and completely darken a room. Drapes are also generally longer and reach from the top of the windows to the floor to create puddles.
They are made of heavier, stiffer fabrics like velvet, damask and silk, thus making them a more expensive window covering than curtains. Drapes are mostly available in solid colours that give a formal look to windows. That’s why they’re considered an ideal choice to complement traditional decor.
Drapes reduce unwanted noise and provide more light control. They’re also a stylish way to increase privacy in a room. That’s why homeowners often install draperies in their bedroom to ensure privacy and undisrupted slumber.
Drapes are higher maintenance because their luxurious fabrics need to be dry-cleaned instead of machine-washed. Also, these window coverings are difficult to install and take out. As a result, DIY installation is not recommended.
The best thing about draperies, which makes them one of the most popular window treatments, is that they are available with a motorization system. Drapes are easy to operate with a remote or an app installed on your smartphone.
