The Concept of Low Cost Apartment in Nepal

Whenever, we see an advertisement in daily newspaper referring to Apartments available in 13 Lakhs to 14 Lakhs, we do not try to understand more about it. People rush to the Apartment office or the site office. I myself was very surprised, when I went to the Mero City Apartment office in Hattiban. The site was packed with visitors cars, as if a wedding reception was going on. Inside the office were around 20 Sales girls. All were busy explaining their apartment features to the customers. In fact, when I asked for the brochure, the number of brochure also had finished. The hall was packed with customers and I could see some bookings were done.

The model apartments and the computer aided 3D movie were in display. People were busy viewing it.

The price range of the Apartment was amazing. The price range of the Mero City Apartment varied from Nrs 1,500,000 for 1 BHK (386.45 sq.ft) to Nrs 4,000,000 for 3 BHK (1013 sq.ft)

Similarly Eastern Apartment by Aayusha Developers a subsidiary of Oriental Builders Pvt. Ltd in Kaushaltar also was a huge attraction for Apartment buyers.

The builders have opened the booking for only 348 of the total 448 apartments. However, they were able to sell 50% of the total booking in just first 5 days. The huge response from the customers surged the developer to call all the 448 units on booking.

Due to the huge demand, the developer requested the interested buyers to fill up an application form along with a cheque of NRs 10,000. The applicant would get the apartment on first come first serve basis.

These are the basic strategies for Developers which was already been implemented by Guna Colony for their sale of their Bhaisepati Apartment. Then, they had opened booking for the Bhaisepati Apartment price starting from 13 Lacks. There was huge respondent to the Apartments in Bhaisepati which was organized in the Real Estate Expo in Bhrikuti Mandap, Kathmandu.

Most of these apartment sizes is ranging from 386.45 sq.ft to 548 sq.ft. The apartment size of 300-500 Sq. ft is very small for a family to live in and are similar to Studio Apartments abroad. These kinds of Apartments can adjust 1/2 people in a family to live in. The Rooms are very tight and no space for adding more luxury items.

The customers must not just make their decision by viewing the 3D Modeled video. The actual room and the customers view before buying the apartment might actually just not match.

Another important factor to decide before making the booking is that the customer must check the background of the Apartment Developers. Normally, we must only trust experienced Apartment Developers. These low cost apartments that are coming up in the market have been raising huge amount of funds from the market for the Proposed Apartment/Housing. The delivery and execution of these apartments is a real challenge and we must wait and see, if they can really develop these projects and their handover to their customer. So far, the construction of any of these low cost apartments has not started yet.

Some established developers claim that the price the low cost apartments are offering is suspicious. Some claim that these low cost apartments are very expensive if one calculates the rate per sq ft. Such small apartment size is not feasible for a family to live in.

The Eastern Apartment is the least expensive with price per sq. ft of Nrs 2,890 followed by The Sun City. The most expensive is the Imperial Court. However the target market for both the apartments is completely different as Imperial Court is a Luxury Condominium.

And when we compare the different apartments, all has different facilities. Some important comparison factors of the facilities for different Apartments are as following:

1. Location of the Apartment
2. Number of Lifts
3. Size of the Balcony
4. Project Land Site Area
5. Size of the swimming pool
6. Open Area
7. Distance from the city
8. Quality of finishing goods and specification
9. Developers profile & Construction company associated

The Apartment buyers must also think in mind the extra facilities the Apartment has. Normally, these apartments will have very poor infrastructures and facilities. They might actually come up with a very small swimming pool & very less open space.

And not to forget is the fact that these low cost apartments come with hidden cost. Mero city Apartment comes with cement flooring. If you want a Parke ting or tiles on the floor, you will have to add all the internal decorative items for the Apartment.

Mero City offers the following features:

* Kitchen: Tiles, Sync

* Flooring: Cemented

* Wall: Distemper

Things you have to add by yourself

1. Mostly, the modular kitchen
2. Bathroom sanitary items
3. Electricity bulbs
4. Flooring Tiles or Parke ting

This will at least cost you Nrs 400,000 to 500,000 for the completion of the Apartment. So the Total cost for the 391 sq.ft Apartment is now Nrs 2,000,000 which actually brings the price per sq.ft for the Apartment to Nrs 5115.

Similar is the case of the Eastern Apartments. The Eastern Apartment comes with no finishing in the bathrooms. The buyers will have to finish the bathroom costs & Tiles which will also cost them minimum extra NRs 400,000 to 500,000 for their flats. This will cost the buyers of Eastern Apartment an average cost per sq ft of Nrs 3,608.

This is actually expensive than some of the other Apartments with better facilities. So the customers must be aware of the concept of the low cost apartment that is coming in the market and not be fooled by the price they are offering. One should always calculate the Rate per sq. ft.

Free Move Apartment Locating Companies – Know the Truth!

We all are attracted to the word “free”, and the idea that we are getting something for nothing. There are many legitimate free offerings available to consumers in a wide variety of settings. For instance, Apartment Locators truly do offer a valuable service to all renters who are searching for an apartment, and the service is completely free to the renter, saving them countless hours driving around visiting thousands of properties, and very probably missing out on the best deals and the best apartments.

However, there are also many companies who use the word “free” to lure in customers, and then they may or may not actually deliver the product or service that they initially promised. They get past this deception by writing so many loopholes into the fine print of their advertisement that they can always excuse their lack of delivery. So caution is always in order when you are trusting any company who promises to give you something important for free.

Moving is a very stressful time for many. Often there are deadlines to be out of your current apartment by a certain time. There are items to sort and boxes to pack, and to pack carefully to avoid anything from being broken. Then there is the careful loading and the careful unloading and the unpacking and placing and sorting. You have to allow time to clean the old apartment before you turn in the keys, and you have to be sure you are stopping by the new apartment during business hours so you can obtain the keys to your new home. You have utilities to disconnect and new utilities to connect. A lot is happening at once, and there always is the concern that perhaps you have forgotten something important. You already arranged your schedule to have the day free for moving. You got all your affairs in order, and now you are just waiting for the moving company to arrive. The LAST thing that you need is a glitch over some small detail in fine print that causes your moving company to not show up and deliver that “free” move that you were counting on and planning for.

That is exactly what happened to a friend of mine very recently. She used one of those apartment locating companies in the Dallas, TX area that supposedly offered a “free” move. I wont mention names here, but it is a well known company. Anyway, she gets home from work and has all of her items packed and ready to go. It’s a Friday evening, and she has had the move scheduled with the movers for weeks. She has to be OUT of her apartment by midnight THAT night. They are suppose to come at 7:00 pm, so there is a bit of a time crunch but that’s the only time the movers had available. They finally show up, take a look at her small 1 bedroom apartment and tell her “The free move only covers 2 hours worth of free moving. It looks like you have more items than we can move in 2 hours” (fine print), and they leave!!!! My friend is panicking. She is a single lady who lives all by herself and has to be out of her apartment in just a few hours. If she lives in a small 1 bedroom and had too many items for them to move, it makes me wonder exactly who they COULD move?? Anyway, my friend calls me at 8:00 desperate and crying. I rally up our other friends and we manage to find a U Haul place that was still open and rent a truck. We all go over and move her that same evening. She got out of her apartment in time, and she got a free move all right, but it wasn’t from the company who promised her the move. She did everything she was suppose to do, wrote their name on the Leasing Application as the Locating Company who referred her to the new apartments, and THEY GOT PAID FOR THE REFERRAL, yet they did NOT deliver the move that they promised.

It turns out that many of these “free move” companies have fine print that limits how long they will give you for the move. And what happens if the move happens to go over that time. Do they just leave? Evidently. Or, if they look over your items and feel the job might take longer than the allowed time, they may not even START the move. Another thing to beware of in the fine print….not only may there be limits to the time they will allow, but they often limit the types of items and the number of items they will move. For instance, if you have a one bedroom, they sometimes have a very specific list of the only items they will move. For example: 1 couch, 1 coffee table, one dining room table, 4 dining chairs, a bed, a dresser, a nightstand, 2 lamps, a few boxes (they often will only agree to move a small number of boxes) and many times that is it!! If you have a 2 bedroom, they may increase the list by adding another bed and dresser. But what if you happen to have an item that is not on their list…..such as a desk, or a curio cabinet, or a piano, or an aquarium, or a chest of drawers or an extra table or a loveseat, or a recliner, or a few more boxes than they allow? Do not be surprised if they leave all items behind that are not on their restrictive list, and you are just stuck figuring out what to do with them yourself. If it’s enough items, or items that are large enough, you may end up having to rent a truck or UHaul anyway, or call friends who can come help you.

Another friend of mine recently told me that something similar happened to him that happened to my first friend. He was using one of those apartment locating companies that offer a “free” move. He said they were calling him every day while he was looking for the apartment, trying hard to convince him to move into one of the few places they had recommended. Each day they called to check if he picked a place yet and if he put their name on the Leasing Application of any apartments yet. Finally he did pick a place, and he did put there name there as the Locator who referred him. AFter that, an interesting thing happened. He could never get ahold of anyone at the apartment locating company again! Once they found out he picked a place and wrote them down (their check was guaranteed), they never called him after that. They wouldn’t return his calls and he couldn’t find a real live human in the company to speak with in order to schedule his free move. He ended up having to hire another moving company in the end. The “free” move locating company got paid their money and they never delivered the free move.

How are the “free move” locating companies different from all the other Apartment Locating Companies? Well, there are some definite differences that you should be aware of. First of all, let’s establish the fact that most Apartment Locating companies do not need to offer a “free move” to lure in customers. It has been shown that their superb customer service and the expertise they offer will save the average renter $500-$700…..which is much more valuable than the cost of a 2 hour move. Plus, they truly help you find the BEST and most awesome apartment home. Another clear difference is this: Not all of the apartment communities out there will work with the “free move” locating companies. In fact, many of them will not. This is because of a combination of reasons.

For one, some of these “free move” companies do not have the best reputation. Secondly, some of the apartments do not feel that they actually earned the commission that they are wanting the apartments to pay them. Some of those free move companies simply have a website where you log on and search for yourself. They only will show you information on the limited number of properties that will actually work with them and pay them. Once you pick a place, you log on again to the website and tell them which one you picked and then the computer is suppose to schedule the move. Not all of the companies are identical, but this is the procedure for some. A real human is not even actively involved in helping you with your search in many cases. Many of the apartments feel that just putting a website online alone does not merit earning a commission. Anyone can have a website. In fact, the apartments already have their own website. Although there is nothing wrong with a Locating Company having a website (in fact, all of them do), the problem arises when the locator ONLY communicates through their website and are predominantly a dot.com business.

The apartment complexes don’t want to pay a dot.com for setting up a website and then only delivering what they promises part of the time. They want to pay Apartment Locators who have a brick and mortar office, who have actual live Agents who work there and who deal one-on-one with the potential renters, assisting them to find their new rental home with customized, individual lists of apartment information. Many times these Locators even escort their clients to the properties. If the client has a unique situation, the Locator can tell them which properties are most likely to work their their particular circumstances. They know who has the best specials out there, or who has the specific amenities that the renter is seeking. The renter can actually call their Locator and speak to them and ask questions and develop a working relationship.

What is the disadvantage for YOU, the prospective renter, when not all the apartments will work with the “move free” locating companies? The problem arises in that the “move free” companies are only going to recommend to you the particular apartments that happen to work with them. This means that you may not find out about the property who is actually the one that matches exactly what you want and has the best special. They will only display information for the properties who will pay them. When you work with a traditional Apartment Locator who works with ALL the properties in the City, you can be confident that you are getting the whole picture and will honestly be told about all the properties who have the best specials. This is a distinct advantage that real brick and mortar Apartment Locators have over the so-called “free move” locators. Most traditional Apartment Locators work with All the reputable apartment and townhome communities. It doesn’t matter to them which one you pick in the end as long as you are happy, because ALL of them will pay the Locator and work with the Agent. They have no need to try to steer you to one particular property over another. Their job is to recommend who has the best deal and seems to be the best match for you.

So, go with the Locating Company that is going to give you the best long term deal and the home that you will be the most happy with. These type of Companies should have years of experience and contracts with almost ALL the apartment communities in your area of interest. For instance, in the Dallas Fort Worth area of Texas (DFW), there are over 3000 apartment communities. Apartment Locators in this area should have brick and mortar locations with multiple Locators onsite who are all Licensed Real Estate Agents, and familiar with DFW. Listen to these comments made by a local DFW Locator: “I give my cell phone number to each client because I want them to be able to reach me any time they need my assistance. I’ve even had them call me while they were sitting in the chair at the leasing office at one of the apartments I referred them to, to ask me a question. I truly am their advocate, an expert on their side to make finding their new apartment as quick and easy and successful as possible. I work with them all the way through their move and have even assisted many people who were relocating from other states and were not able to come here in person to DFW to see the properties first. They relied on me to be their eyes and ears and select the best property for them and arrange all the paperwork so that their new place was ready and waiting when they arrived.” Try getting THAT kind of service from a “free move” company website.

Instead of opting to go with a “free move” Company that may or may not actually deliver their free move, and may or may not tell you about all of the choices you truly have at your disposal, go with a reputable and experienced live Apartment Locating Company who can save you $500-$600 average on your overall lease by telling you about specials you may not have ever discovered otherwise and give you complete information on all the awesome properties available. For more information, visit: http://www.BestApartmentsDFW.com.

A Brief Guide to Finding a Queens Apartment For Rent

If you are looking for Queens apartment for rent, then be sure to check out neighborhoods such as Astoria and Long Island City as well as Jackson Heights. Many people are forced to moving to Queens from Manhattan where the costs of apartment rentals are too high. Also, the western parts of Queens are very popular among people that are young and who are in their thirties.

The best way to find Queens apartment for rent is to go through a real estate broker, though these brokers will charge you a months rent to show you suitable Queens apartments. Another way to find the right apartment is by checking the local newspapers where you can see a few no fee listings. In addition, you can also check out small scale landlords who will post signs on their apartment windows informing the general public that they have an apartment for rent.

Astoria is the best and certainly a very popular Queens neighborhood that is also located close to Manhattan. It also possesses a unique vibe and is also great for those who are looking for gastronomic delights and even the nightlife here is vibrant and exciting. Because this area in New York has many immigrants, you will find numerous restaurants serving up foods from different parts of the world.

However, Queens is also very congested and so it is often a good idea to make use of public transportation. Also, you should try to avoid renting apartments on thirty First Street as the rentals are higher and also fewer. Typically, a single bedroom apartment in Astoria will cost about thousand dollars per month and a two bedroom apartment generally goes for about thirteen hundred dollars per month (figures for the year 2004).

Long Island City is another good option for those looking for Queens apartment for rent. In fact, this part of New York has the only Queens skyscraper and there are many other exciting venues here that offer much by way of art and culture. At the same time, this area can be quite bleak and industrial and some of the homes are pretty ugly and there are hardly any nightlife or good dining options.

An example of Long Island City apartment rentals can be seen in Hunters Point where a single bedroom apartment can be rented out for nine hundred dollars or fewer than that.

Jackson Heights is another option for those wishing to rent an apartment in Queens. Here, a single bedroom apartment rents out for thousand dollars while a two bedroom apartment goes for about twelve hundred dollars, and more.