Article by Arvind Sharma

PEI, also known as Prince Edward Island, is an island province of Canada lying 13 km off the eastern coast. It is connected to the mainland by the Confederation Bridge, as well as ferry and air links. PEI is the ocean playground of Canada and the permanent population of approximately 140,000 swells to around one million in the summer months as tourists, holidaymakers and summer residents arrive to take advantage of this quiet, pastural island reminiscent of the rolling hills of England. PEI has been popularized over the years by the tales of author Lucy Maude Montgomery and the life and adventures of her heroin, the red-haired orphan, Anne of Green Gables.

However the adventures of Anne and Gilbert took place in a much more rural and undeveloped PEI than what visitors to the island find today. PEI is perhaps a second Martha’s Vineyard in the making. The island has a strong and developing cultural identity that is eclipsing Anne and we are seeing a developing arts sector, both in terms of artisan crafts and performance art. The island has a developing infrastructure as well, both public and private and with the construction of new public resources, such as hospitals and private such as shopping malls, big-box shopping, and power centres, PEI is becoming a modern and desirable place to live.

PEI offers excellent real estate investment opportunities. Probably the most interesting investments on the island are to be found in the area of waterfront property. PEI has a very jagged coastline and there are many bays, inlets and rivers. As a consequence PEI is well endowed with lands that border water. Proportionately PEI may have one of the highest land to waterfront ratios in the country. As PEI is really only in the beginnings of finding its place in the world real estate market, the land prices are, in relationship to most other places in the world, really quite a bargain.

There are still many undeveloped waterfront properties to be had, especially to the eastern and western ends of the island where development really hasn’t begun in earnest. However in the middle sectors of the island, where development is more advanced there are still deals to be had both in well developed subdivions like Granville-on-the-Water, where roads, culverts and other infrastructure are laid on as well as other developments where the purchaser will be responsible for pushing through roads and bringing in utilities. These subdivisions, which usually accomodate lots over an acre and sometimes in the 3-5 acre range, are ideal places to build large summer homes and in some cases year round living is possible.

However purchasing land and building is but one option. There are many homes and cottages that can be bought at very reasonable prices. It is popular for many Canadian and American city-dwellers to purchase a summer home or cottage and use it for their own holidays as well as renting it to other holiday-makers. Summer rentals help recoup a large part of the mortgage costs while building equity in a property that, in real estate markets of the future, with less and less similar property available, will experience a marked increase in value. There is the option of putting your recreational property in the hands of a property manager and many will provide internet services to market your rental property as well as cleaning and maintenance, the check-in and check-out of guests, collection of payments etc. In this way owners are freed from the rig ours of running the property themselves.

Your search for the perfect real estate investment should begin on the internet with a search such as “PEI real estate” or “PEI waterfront”. You will find many local realtors with property offerings. You can also use realtor.com. Contact any realtor listing a property of interest – initially by email. You may contact a number of realtors and then, depending on who you “click” with, whoever seems to best answer your questions in a timely matter, arrange to visit the island to view a short-list of properties personally. The process of purchasing real estate on PEI is much the same as anywhere else in Canada, with the exception that when purchasing waterfront land, there are some restrictions on the amount of coastline any one person can own, as well as the need to apply to IRAC, the Island Regularly and Appeals Commission, which is charged with seeing that ownership restrictions are adhered to. This is usually a formality and most interested parties buy their desired property without incident. The true purpose of this step is to ensure that certain interests do not purchase a disproportionately high amount of land.

So, start your internet search now and welcome to PEI!

About the Author

Author is associated with the Royal Le Page Country Estate ? A PEI Real Estate company provides information about pei realtors, buying a pei real estate, selling a pei real estate, pei waterfront real estate.

Article by Kenn Renner

Leander, TX – Cap Metro’s commuter train eliminates commute for Leander and Crystal Falls home owners creating higher perceived home values.

Since Cap Metro opened their long awaited commuter train route from Leander to Downtown, thousands of riders have chosen to hang up the car keys and have a conductor drive them into town. The commuter train runs from its new station off of 183 and ____ in Leander to the downtown Austin station located near ____ and _____. Local home owner Matthew Carver exclaimed “I used to be stuck in traffic for over an hour both ways – it was frustrating!” Now his commute is a comfortable 50 minutes where he can relax or use the train’s wifi to surf the net or get work done. “I am much more relaxed because I can work on the way in rather than dodge traffic and I can relax on the way home in the evening – pretty cool.” Matthew, a resident of the popular golf course community of Crystal Falls, believes that the convenience of the train will help his home’s value, which is currently for sale. His realtor, Kenn Renner with Keller Williams agrees. “Being a bike ride away from the train station really makes living in Crystal Falls a viable commuting option,” said Kenn. He adds, “commute time is one of the top five considerations that home buyers consider and the train addresses that issue in addition to being a cheaper and greener option because the price of gas is so high.” Kenn is using the commuter train in his marketing efforts. “I have a website set up for Matthew’s Home, http://www.1104IronHorse.net and put information on it about the commuter train – in this market, we have to use all marketing angles.” To learn more about Leander or Crystal Falls real estate, contact real estate expert Kenn Renner @ 512-423-5626 (Call / Text).

For more information about Crystal Falls, contact Kenn Renner at Kenn@BuyAustin.com or call / text Kenn at 512-423-5626.

About Kenn Renner:

Kenn Renner, broker with Keller Williams, shares his 25 years of experience in home buying in his new book entitled “First Time Home Buying Secrets Revealed,” which will be published nationally in January 2010. Kenn exclaims, “I’m really excited about this new book. It covers so many of the money saving secrets that I have learned over the past 25 years as a real estate professional. I am so confident about the book will a save readers money that I am offering a money back guarantee”. You can read a few of the first chapters on his website, http://www.FirstTimeHomeBuyingSecrets.Com.

Learn about all the latest greatest real estate wisdom on Kenn’s flagship website, http://www.BuyAustin.Com.

About the Author

About BuyAustin.Com: Kenn Renner of BuyAustin.Com has been helping people buy and sell real estate for over 25 years. If you need help buying or selling real estate in Austin, TX, call or text Kenn at 423-5626 or email him at Kenn@BuyAustin.Com

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Article by Kenn Renner

Leander, TX – Cap Metro’s commuter train eliminates commute for Leander and Crystal Falls home owners creating higher perceived home values.

Since Cap Metro opened their long awaited commuter train route from Leander to Downtown, thousands of riders have chosen to hang up the car keys and have a conductor drive them into town. The commuter train runs from its new station off of 183 and ____ in Leander to the downtown Austin station located near ____ and _____. Local home owner Matthew Carver exclaimed “I used to be stuck in traffic for over an hour both ways – it was frustrating!” Now his commute is a comfortable 50 minutes where he can relax or use the train’s wifi to surf the net or get work done. “I am much more relaxed because I can work on the way in rather than dodge traffic and I can relax on the way home in the evening – pretty cool.” Matthew, a resident of the popular golf course community of Crystal Falls, believes that the convenience of the train will help his home’s value, which is currently for sale. His realtor, Kenn Renner with Keller Williams agrees. “Being a bike ride away from the train station really makes living in Crystal Falls a viable commuting option,” said Kenn. He adds, “commute time is one of the top five considerations that home buyers consider and the train addresses that issue in addition to being a cheaper and greener option because the price of gas is so high.” Kenn is using the commuter train in his marketing efforts. “I have a website set up for Matthew’s Home, http://www.1104IronHorse.net and put information on it about the commuter train – in this market, we have to use all marketing angles.” To learn more about Leander or Crystal Falls real estate, contact real estate expert Kenn Renner @ 512-423-5626 (Call / Text).

For more information about Crystal Falls, contact Kenn Renner at Kenn@BuyAustin.com or call / text Kenn at 512-423-5626.

About Kenn Renner:

Kenn Renner, broker with Keller Williams, shares his 25 years of experience in home buying in his new book entitled “First Time Home Buying Secrets Revealed,” which will be published nationally in January 2010. Kenn exclaims, “I’m really excited about this new book. It covers so many of the money saving secrets that I have learned over the past 25 years as a real estate professional. I am so confident about the book will a save readers money that I am offering a money back guarantee”. You can read a few of the first chapters on his website, http://www.FirstTimeHomeBuyingSecrets.Com.

Learn about all the latest greatest real estate wisdom on Kenn’s flagship website, http://www.BuyAustin.Com.

About the Author

About BuyAustin.Com: Kenn Renner of BuyAustin.Com has been helping people buy and sell real estate for over 25 years. If you need help buying or selling real estate in Austin, TX, call or text Kenn at 423-5626 or email him at Kenn@BuyAustin.Com

More Real Estate Value Articles

Article by Greg Pierce

The real estate industry can be very difficult to understand especially for those who don’t have enough knowledge about it. Thus, before you make a purchase, make sure that you try to understand how it works. This will become more important if you are planning to become a real agent yourself.Timing is important when you buy properties as investment. Understanding how this works will mean that you need to consider why the values of real estate properties change.

Before anything else, let’s start with defining some important terms. The use or characteristic of a property to gratify a person’s desire or have control over other properties in exchange is referred to as Value. Value has three elements. Scarcity is under the notion that when the property becomes rare, its price increases. Utility is the next element which refers to the property’s use. Third is the demand which is under the notion that when many people need something, the price of that something increases.

Cost is the blend of factors of production to produce development. The cost may be proportional to the value or not depending on the factors behind. The cost will also be dependent on the repairs, if there are any, done to the house. Price is the expression of a person’s desire for the property in terms of money. It may be higher, equal to, or lower than the value depending on the buyer’s information, whether he was coerced to do it, or depending on how much money he’s got.

Value is also guided by economic rules. When the value of a property is directly proportional to its use is under the highest and best use rule. Value is produced from the most plausible use of the property. It current use is not necessarily its highest value.

The next is the rule of substitution. In theory, every good or service has a replacement or option. The highest value of a property is placed by the cost of attaining an equally attractive and precious alternative property, assuming that there was no costly setback in getting such property.

The next is the rule of conformity which says that a house will have a higher value if its size, condition, age or style is the parallel to other houses in that area.

The rule of progression states that the value of a house of a lesser quality will appreciate if associated with other houses with a higher quality in the same vicinity.

The rule of regression, in the same note, follows that a property of higher quality that is located in a neighborhood of houses of lower quality depreciates to the same value as that of the said neighborhood.

Last is the rule of increasing and diminishing returns. According to Anne Robert Jacques Turgot, “When one of the factors of production is held fixed in supply, successive additions of the other factors will lead to an increase in returns up to a point, but beyond this point returns diminish.” Therefore, as successively greater augmentations of land, labor, management, or capital are applied to a property a greater yield is created until a summit is reached then there is a decline.

About the Author

If you want a deeper understanding of how the industry works, enroll in a real estate seller agent and buyer agent basic course and be among the best realtors. But if you just want to buy a house without a realtor or with one, it would pay to know what these professionals know so when it’s your time to shine in the world of real estate as an investor, you’ll be ready for it.

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