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Propiedad Nueva vs Existente ¿Qué propiedad es Mejor para su Comprador?


El mercado real estate está lleno de una gran variedad de hogares para los compradores potenciales para elegir. Una de las primeras decisiones que un comprador potencial debe considerar es su preferencia por encontrar una casa existente o construir una nueva. Mantener la claridad en esta situación significa enfocar a sus clientes en sus necesidades, presupuesto y estilo de vida.Considera lo siguiente:Los incentivos agresivos son atractivos. El deseo común de los consumidores de "nunca dejar pasar un trato" puede desdibujar el razonamiento objetivo en este proceso de toma de decisiones muy importante. Pero, mientras que muchos compradores serían buenos candidatos para un hogar a estrenar, los incentivos son apenas salsa y no deben ser un factor importante en el peso de opciones de la cubierta. Puede haber más costos y estrés vinculados a la adquisición de un nuevo hogar frente a uno existente.Por ejemplo, un pico en la conducción puede significar un drenaje en la cartera. En general, los hogares existentes están más cerca de la ciudad con un mejor acceso a puestos de trabajo, tiendas y escuelas. Subdivisiones de nueva construcción tienden a estar en las afueras de la ciudad, a veces con muy pocas de estas necesidades cerca.
Hacer de la casa un hogar. La sensación de una casa nueva puede ser intoxicante. Pero una vez que esa sensación disminuye y el nuevo dueño comienza a decorar, la necesidad de comenzar de cero puede ser abrumadora. Mientras que el diseño de interiores puede ser divertido, puede resultar caro y estresante.
Los compradores a menudo pueden encontrar una casa existente para vivir mientras realizan los cambios de decoración y / o remodelación. Y muchos vendedores ya han neutralizado y hecho las reparaciones necesarias para vender más rápidamente. Sorpresas sobre los costos reales. Los hogares existentes por lo general cuestan menos por pie cuadrado debido a la escalada de los costos de la tierra en nuevas subdivisiones. Las casas nuevas a menudo se construyen en áreas periféricas donde los municipios necesitan cobrar impuestos más altos, ya que hay menos familias que pagar por los servicios básicos. Además, los hogares más nuevos a menudo están sujetos a los honorarios de la evaluación de los servicios que la familia puede o no puede usar.
Roma no se construyó en un día. Los dueños de una nueva subdivisión de construcción deben estar preparados para el ruido y el polvo diarios de los equipos de construcción, camiones, vecinos que se mueven, las calles cambian y el tráfico aumenta. 

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What You Should Know About The Time Value of Money


BY ROBERT SCHMIDT

Being completely comfortable with the time value of money is critical when working in the field of finance and commercial real estate. The time value of money is impossible to ignore when dealing with loans, investment analysis, capital budgeting, and many other financial decisions. It’s a fundamental building block that the entire field of finance is built upon. And yet, many finance and commercial real estate professionals still lack a solid working knowledge of time value of money concepts and they consistently make the same common mistakes. In this article we take a deep dive into the time value of money, discuss the intuition behind the calculations, and we’ll also clear up several misconceptions along the way.

Why Money Has Time Value

First of all, why does money have time value? Time value of money is the economic principal that a dollar received today has greater value than a dollar received in the future. The intuition behind this concept is easy to see with a simple example. Suppose you were given the choice between receiving $100,000 today or $100,000 in 100 years. Which option would you rather take? Clearly the first option is more valuable for the following reasons:

No Risk – There is no risk of getting money back that you already have today.

Higher Purchasing Power – Because of inflation, $100,000 can be exchanged for more goods and services today than $100,000 in 100 years. Put another way, just think back to what $100,000 could buy you 100 years ago. $100,000 in 1914 would be the equivalent of roughly $2,300,000 today.

Opportunity cost – a dollar received today can be invested now to earn interest, resulting in a higher value in the future. In contrast, a dollar received in the future can not begin earning interest until it is received. This lost opportunity to earn interest is the opportunity cost.

For these reasons we can boil down time value of money into two fundamental principals:

  1. More is better than less.
  2. Sooner is better than later.

With this fundamental intuition out of the way, let’s jump right in to the two basic techniques used in all time value of money calculations: compounding and discounting.

Compounding and Discounting: The Foundation For All Time Value of Money Problems

All time value of money problems involve two fundamental techniques:

Compounding and discounting. Compounding and discounting is a process used to compare dollars in our pocket today versus dollars we have to wait to receive at some time in the future. Before we dive into specific time value of money examples, let’s first review these basic building blocks.

Compounding is about moving money forwards in time. It’s the process of determining the future value of an investment made today and/or the future value of a series of equal payments made over time (periodic payments).

What’s the intuition behind compounding?

Most people immediately understand the concept of compound growth. If you invest $100,000 today and earn 10% annually, then your initial investment will grow to some figure larger than the original amount invested. For example, in the illustration above $100,000 is invested at time period 0 and grows at a 10% rate to $121,000 at time period 2. We’ll go over the details of this calculation later, but for now just focus on the intuition. The initial investment compounds because it earns interest on the principal amount invested, plus it also earns interest on the interest.

Discounting is about moving money backwards in time. It’s the process of determining the present value of money to be received in the future (as a lump sum and/or as periodic payments). Present value is determined by applying a discount rate (opportunity cost) to the sums of money to be received in the future.

What’s the intuition behind discounting?

When solving for the future value of money set aside today, we compound our investment at a particular rate of interest. When solving for the present value of future cash flows, the problem is one of discounting, rather than growing, and the required expected return acts as the discount rate. In other words, discounting is merely the inverse of growing.

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