House for families

How to calculate approx. cost of interim occupancy

The occupancy period starts when your municipality declares the building as “fit for occupancy”. During the occupancy period, builders charge occupancy costs or interim occupancy fees, which are monthly payments to your developer. Interim occupancy fee consists of three things: Interest on Outstanding balance due to builder Approximate Property Tax Approximate Maintenance Fee To give you...

Importance of having permission to lease clause during interim occupancy

The occupancy period starts when your municipality declares the building as “fit for occupancy”. During the occupancy period, builders charge occupancy costs or interim occupancy fees, which are monthly payments to your developer. If you’ve “permission to lease or rent clause” during occupancy that means you can now rent the unit to cover this fee and possibly generate positive cash flow. Hence...

How to pick right investment project

Here are some of the basics things to look for in any upcoming projects, this will determine your Return on Investment. Price per sq ft: Always check comparable properties are sold in the area - Price per sq ft = Sale price/total sq ft. This will give you the current market price. Remember new projects are usually sold on future value so expect premium but pick the project with a reasonable premium,...

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