Archive for July, 2015

Signs of New Development

Posted: July 18, 2015 in Real Estate

One of the keys to consistently making money off of real estate is having a thorough knowledge of the local real estate market. By knowing the area and its history, and by knowing what developments are underway and being planned for the future, successful real estate professionals are able to keep a step ahead of everyone else.

But none of it happens by accident. Succeeding in real estate means having to do a lot of homework. There are a handful of tricks that they use to stay up on new and emerging trends in the business, instead of chasing after them. And keeping a step ahead over everyone else is what it’s all about.

One of the most important things to keep an eye on are the current price trends in an area. An investor should track home prices in an area to see whether they are accelerating any faster in one part of town than they are in others. They also compare the average prices of properties against those in neighboring towns and cities to get an idea of where the biggest demand is, and to get an idea of what the going rates are for certain properties.

And they know what to look for. One of the sure signs that an area is on the cusp of new growth is the development of new infrastructure. New roads and schools going up is a sure sign that a community is about to see new growth. This could be an ideal time to invest; growing communities can be very profitable. Spotting these signs is as easy as looking out your car window and observing land clearing, surveyors at work, and the beginnings of road construction, like the widening of traffic lanes or new traffic lights going up.

Michael Yanko is a real estate developer who has been in the field for seventeen years.


Appreciating Architecture

Posted: July 9, 2015 in Real Estate

Architecture is usually defined as the art and science by which buildings are designed. And it is also the expression of the human soul. As the legendary architect Frank Lloyd Wright once said, “A great architect is not made by way of a brain nearly so much as he is made by way of a cultivated, enriched heart.”

But most of us take the buildings in which we live and work, and use each and every day, for granted. Having a basic understanding of key architectural practices can deepen our appreciation for the buildings that sometimes don’t give a second thought to. Most buildings begin with a drawing that is executed to communicate ideas and concepts. From the perspective of an architect the drawing identifies exactly what he or she would like to build. A conceptual drawing is followed by a detailed, drawn to scale drawing of the building, known as a blueprint.

To get a deeper appreciation of architecture it is useful to study some of the world’s great examples of the discipline. Some of the most famous architectural sites in the world include the Eiffel Tower, the Taj Mahal, and the Vatican. The White House, the Colosseum, and the London Bridge are also considered highly significant examples of architecture. Ultimately, architecture is about people, places and things, and understanding architectural practices and terms, and understanding the great structures of human history, serve to deepen our appreciation of the past and the present.

Michael Yanko is a real estate developer who has been involved in the construction of many new buildings on properties in the New York area.