Multifamily Sales in Salt Lake City Amounted to More Than 1$B in 2017

The Salt Lake Board of Realtors reported that sales of multifamily units in 2017 amounted to more than $1 billion, due to an increase in median sales prices. Despite the increase, there More »

3 Mortgage Mistakes When Buying a Condo

Despite the large number of desirable Corpus Christi, Rockport, and Key Allegro homes, many people prefer to buy condominium units. After all, as Rockport Properties, Inc. explains, condos usually provide a better view, help More »

Three Changes to Do in the Workplace this 2018

There's no better time to roll out changes in the workplace than as when the new year sets in. This is in line with people starting over a new leaf. If you've More »

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Apartment complex

Multifamily Sales in Salt Lake City Amounted to More Than 1$B in 2017

Apartment complexThe Salt Lake Board of Realtors reported that sales of multifamily units in 2017 amounted to more than $1 billion, due to an increase in median sales prices.

Despite the increase, there were 4,500 units that exchanged possession in the previous year. This indicated that demand from buyers remained stable amid higher sales prices, up 11% to $225,000, according to the report.

Property Development Activity

Fitch Ratings expects home prices nationwide to increase 4.6% in 2018. It listed Utah’s housing markets among the top five states that will perform well this year. In Salt Lake City, home prices would increase by 3.2% from the current average prices of $360,000.

A reason for the projected increase involves the influx of several companies, which continue to set up business in the state.

For instance, many enterprises have flocked to the Provo/Orem region because of its high-tech industry. Workers from out of the state also moved to the region because of job prospects and higher salaries. While rising home prices normally elicit concerns of a bubble, experts say there should no reason to worry over a potential crash for now.

Housing Bubble?

Jim Wood of the University of Utah’s Kem C. Gardner Policy Institute said that the most number of sales occurred in Salt Lake City, West Jordan, and Sandy. He attributed the increase to a larger demand for affordable housing options. Wood believes that the likelihood of a real estate bubble remains low, as mortgage lending standards have become stricter in recent years.

For this reason, cash-strapped developers that remain undecided should consider launching new projects this year. Good thing, as bmfcap.com mentioned, The U.S. Department of Housing and Urban Development’s (HUD) multifamily loans will help you finance your next development.

An opportunity to make a profit awaits property developers since demand for multifamily units in Utah will likely continue to increase in the near future.

 

Condo units for sale

3 Mortgage Mistakes When Buying a Condo

Condo units for saleDespite the large number of desirable Corpus Christi, Rockport, and Key Allegro homes, many people prefer to buy condominium units. After all, as Rockport Properties, Inc. explains, condos usually provide a better view, help eliminate property maintenance nightmare, and are located in the heart of the city.

However, you might be surprised that it’s trickier to secure the right financing and get the unit you love. Here are some of the most common condo mortgage mistakes first-time buyers make:

Snagging the Lowest Rate

Compared with traditional mortgages for freestanding properties, condo loans tend to come with higher interest. Lenders consider condos to be riskier since units could lose value easily when other residents default on their loans. In turn, lenders would most likely have stricter conditions or restrictions in place. Unless you put down about one-fourth of the unit’s cost, your interest rate could be 0.25 higher than what you’d pay on a single-family house.

Being Unprepared for a Large Down Payment

Considering that condos are risky assets to lenders, you might be asked to pay for 25% of the property’s price upfront to secure financing. Condos may cost less than freestanding houses, but being able to borrow less money to buy the property can put a damper on homeownership.

Then again, most lenders look at the entire package when granting loan requests. Even if you want to buy a risky asset, you might be asked to put down as little as 5% if you have an excellent credit score.

Forgetting About the Building’s Occupancy Rate

Most condo mortgage providers would require a certain number of units to be sold first before offering to finance. If you wouldn’t have enough neighbors when you move in yet, your loan application may be denied.

Buying a condo has its unique challenges, but the risks are worth taking when it makes perfect sense for your situation. Exercise your due diligence to choose the right unit — not just based on its location, but also on the building’s management. Make sure you’re on good financial footing before you buy to ensure you could keep up with the payments associated with condo living.

5 Reasons Yoga Will Help You Cope With Stress

Woman doing yogaLet’s face it, we’ve all gotten stressed out for one thing or another and tried to cope with it by either going on an eating, drinking, or even crying binge, or simply packing our bags to spend the weekend somewhere nice and quiet.

The thing is, this is just a reaction to stress. The better way is to teach ourselves to reduce the burden, or even to let it just slide through our being. And that’s where yoga and meditation centres can help, as they promote relaxation – targeting the body, mind, and breathing, which are usually the most affected by stress that leads to health issues.

For the uninitiated, bear in mind yoga is more than just stretching or doing impossible poses. It’s actually a form of exercise that can help loosen up tense muscles in the body. It also goes beyond the physical. As mentioned, it also involves the mind and breathing. Yoga, after all, literally means “union.”

It can be quite confusing for beginners as different types of yoga fit different individuals, so choosing which class to attend may be a difficult proposition. The good news is, just like cross-training, you can incorporate different types of yoga into your regular session to get a more balanced result.

Whatever yoga type you eventually embrace, the more important thing is that you go through the whole exercise on a regular basis. Once you do, you will notice that your stressed-out episodes are getting fewer and far in between.

It’s not because the things (and people!) that are causing stress for you are starting to disappear, but it’s because, through yoga, your whole being has learned to cope with them that eventually, they won’t affect you much, if at all.

Here are the ways yoga helps you cope with stress.

1. Reduces tension and relaxes the body

There are yoga poses that calm the whole body.

2. Slows the mind down

Stress tends to get our mind to go racing in different directions. Yoga will help it to focus on one thing, thereby slowing it down until it relaxes.

3. Makes you breathe easier

When we’re stressed, we tend to breathe shallowly and rapidly, which adds to the tension and stress to your body. Yoga will help you use your diaphragm and lungs to breathe more effectively.

4. Gives you sense of harmony

Yoga will connect your mind and body so that we become more sensitive to what our body really needs and we can then act accordingly.

5. Makes us more conscious of our mind

When we know how our brain reacts to stressful situations, we can teach it to follow the more reasonable path instead of just choosing in panic. This inevitably leads to a calm feeling that everything will turn out okay.

Despite popular belief, yoga is not just for a unique group of people, but also for everyone including the young ones. And it’s not only for dealing with stress but for the whole body’s well-being.

Woman breathing on gloved hands

3 Things You Must Keep Handy During Winter

Woman breathing on gloved handsWhile everyone knows that winter will come, some people don’t prepare enough for it. The best time to gather what you need for the cold months is, of course, before the snow starts falling. It may be that you already have taken some steps to get yourself ready for the season. Still, it’s important to confirm whether you have these three things that will come in handy in the winter.

Get the contact information of a furnace specialist

The one appliance you cannot do without during the cold weather is your furnace. If you’re like most smart homeowners, you’ll have your unit checked and tuned weeks before the cold days begin. Still, anything could go wrong and you never know when you’ll need emergency heating repair in your West Valley home. It’s best to have a reliable contractor you can call to fix a furnace failure urgently.

Get a cold and flu care kit

Among the things you can expect with the arrival of winter are cold and flu. Even if you don’t often get affected by these illnesses, it’s likely a family members does. The best way to get ready for that is by having a strong immune system. Keep supplements that are rich in zinc, garlic, and Vitamin C. Also, get the appropriate medications well in advance in case someone catches the bug.

Prepare Warm clothing

The one thing you want to protect most during winter is your body, and there’s perhaps no better way to do so than by getting the right clothing for the season. A heavy-duty down coat is necessary to keep you warm during the snow and icy winds. Get a pair of thick wool socks and snow boots, too.

The approaching winter calls for sufficient preparation, so you and your loved ones can survive the cold. The best way to do so is by getting the things you’ll need well in advance so nothing catches you by surprise.

Employee seating on a uncomfortable small chair

The Complete Guide for Choosing the Best Office Chair

Employee seating on a uncomfortable small chairA typical office contains several pieces of furniture like cabinets, desks, stools, tables, and chairs. Although a chair is just a part of the office’s overall look, it still has its importance.

It’s not just the looks that matter when you’re looking for a new or even used office chairs from suppliers such as New Life Office. Here are some things that you need to remember when you’re buying an office chair.

Ergonomics

Studies show that considering this factor can go a long way toward minimizing repetitious work injuries and even the amount of time sick workers take for back pain.

You might also want to examine whether a chair’s seat depth can be adjusted. There are a few chairs offer depth adjustability while others keep the seat secured and allow a backrest that impels back and forth.

Comfort

Aside from its ergonomic features, another factor that you have to consider is the overall comfort. You have to know the adjustability, firmness, and placement of the support. You could check the reviews if you’re planning to purchase it online.

Size

Choose a seat that’s enough to fit most of your people comfortably. The width of the seat should be wide enough for a person’s thighs to fit in without brushing the armrest. Always remember that a few chair makers offer seat sliders made to help adapt to a wider range of worker needs.

Base stability

Base stability is one of the most overlooked factors when buying a chair for an office. It has to be sturdy enough to support the weight of the user.

You should also consider the material that the base is made. Steel bases are the most durable but are probably more expensive compared with other materials. You may opt for choosing aluminum bases since it’s strong and lightweight at the same time.

With these tips, you can now ensure your office looks great, and your employees more comfortable and productive.

Top Ways to Protect Your Home From Wind Damage

Destroyed HomeHomes in areas that are prone to strong winds or tornadoes are vulnerable to damages. Residents must be prepared for such situations and know the best course of action.

In case your home sustains damage after a tornado hits your area, you must file a wind damage claim to recover from the financial loss. United States Adjusters agrees that following this guide would also help reduce the severity of the damage should strong winds strike your house.

Install shutters

Some of the weakest parts of the homes include anything where glass is located. This can mean windows, glass doors, and even sliding doors. With strong winds, the danger is with heavy objects that are lifted and thrown about — which can then break any glass materials in your home. One of the best solutions is to install sturdy shutters on these glass elements. This reinforces the glass and protects them from any damage.

Check those shingles

Another vulnerable part of your home is the roof shingles. Even if you have heavy types of shingles, there’s a chance they can blow away. In fact, heavier shingles can damage or harm other properties and even people — complicating your wind damage claim should you ever need it in the future. Hire a contractor to check and reinforce your shingles to avoid worse problems.

Trim trees

You also need to be aware of your surroundings. If you have any huge trees in the area, specifically ones with large branches, you must trim these down constantly. This lowers the risk of any branches being torn off to damage your home. You also need to brace the roots to keep the tree secure. Secure the fences or any other items that can potentially fly off when winds pick up.

Your family’s safety is of utmost importance. Follow these three tips and you can be sure that your home is ready for any damages that can arise.

Artificial Intelligence, Autonomous Vehicles, and Other Tech Trends That are Set to Transform Agriculture

Agriculture MachineryAgriculture, as with other industries, is set to change with the rapid and increasing adoption of various forms of technology like artificial intelligence automation. Technology allows farms, ranches, and other agricultural businesses to complete more work faster.

Farmers need to assess their current operations and come up with a growth strategy that includes the adoption of technology. Through experts like Farm Operating Loan, you can implement changes like updating machinery or investing in new technology to make operations more efficient, while reducing the costs of doing business in the long run.

Some of these technology trends have the power to change agriculture and benefit farmers, like the following:

Internet of Things and Big Data

Innovations in data collection and computing have made it possible to collect more data from various sources and use it to enhance functions. Data collection devices and Internet-capable tools and equipment make up a part of the so-called Internet of Things, which allow connected devices to work seamlessly together.

Some examples of leveraging the Internet of Things and big data are sensors placed among crops to measure heat units and sunlight levels, a water filtration device with an IP address that can send a notification to its manufacturer about a filter replacement (without any need for human involvement), and a tractor connected to a web-based online mapping system.

Artificial intelligence

The collection and analysis of big data pave the way for the use of artificial intelligence (AI) systems in agriculture. AI systems are designed to process information and make critical decisions based on the data analysis. AI has proven to be effective in the medical field, where it is used to suggest treatment protocols.

In the agriculture industry, AI is seen to benefit farmers soon by establishing crop health treatments, scheduling operations, managing pests, and optimizing animal health.

Autonomous vehicles

Vehicles that don’t require a human driver at the wheel can transform how farmers grow crops. Major auto companies are now running tests of their autonomous cars, so other vehicles may soon follow. In the farm setting, self-driving tractors can be developed to free up time for other chores or to allow farmers to have more quality time with family and friends.

There can also be unmanned aerial vehicles or drones that can monitor crops and assess crop health faster than a human can, and collect and analyze data for sending to farmers in real-time. Right now, drone-powered solutions are being developed for soil and field analysis, crop spraying, planting, irrigation, and aerial satellite imagery, so it’s only a matter of time before we see a wider adoption of this technology among farmers.

4 Ways to Make Meetings Effective

A business meetingNo matter how much you love the company that you are working for, you cannot deny that there are times when meetings can be very dull. The fact that people think these meetings are boring can affect how much and how excellent the output of the meetings will be. This is why it is vital that the meetings being held have a clear outcome for it to be effective. The following are ways to improve the effectiveness of meetings for your company:

Do the meetings in a well-equipped meeting room

Location is a crucial factor in the success of a meeting. The meeting place must be conducive to the needs of the group. This may come in the form of the meeting room in your company. The meeting room must have the needed facilities. If your current meeting room does not have this, it would be in your best interest to buy boardroom furniture.

Send the detailed agenda ahead of time

If the participants in the meeting know the agenda of the meeting ahead of time, they will be able to prepare well for it. This is so they can do their homework and participate accordingly.

Ensure equal participation

Equal participation of those attending the meeting helps diversify the opinions and ideas that are being put forward. This means you will have a better chance of succeeding in whatever you are working on.

Be clear and concise when making a point

Eliminate the rambling and long speeches during meetings. Keep things short so that the meeting will finish efficiently.

The fact that employees consider meetings to be a waste of time is something that should give corporate administrations pause. They have the power to ensure that these meetings are done efficiently so that the time of employees away from their desks will not be a waste.

Man checking the water heater

Ways of Minimizing Water Heater Energy Costs

Man checking the water heaterAmong all the electrical gadgets in a typical home, the water heater is among the leading energy-consuming equipment. And while you plan to cut down your utility bills this new year, you need to come up with ways to make your water heater energy-compliant.

You also need to minimize the need for emergency water heater repair services in Utah. Below are ways you can reduce your water heater energy expenses:

Turn Down the Thermostat

The majority of water heaters have a preset at 140 degrees; hence, the risk of scalding is very high. You can reduce it to 120 degrees. If you have been using your water at 140 degrees, 120 degrees may seem quite low, but the water is hot enough to meet your needs and still avoid mineral build up in your tank.

Insulate Your Hot Water Tank

If your tank is an old model, and it has an unheated space, you can wrap an insulating blanket to minimize the heating costs. If your tank is a newer model, confirm that the tank’s R-value is at least 24; else, you will need to insulate your tank.

Do not dare to wrap a new water heater that already has a layer of insulation.

Drain the Sediment at the Bottom of the Tank

Water heaters experience build-up at the bottom of the tank, which most experts refer to as sediment. This sediment reduces the efficiency of the hot water tank. Draining it will save you energy. But, how can you so that safely?

First, turn off the power supply to the unit and the water supply, then connect a hosepipe at the base of the tank and lift the tank’s pressure-relief valve.

Now that you know how to minimize your water heater’s energy expenses go ahead and carry out the three measures to your water tank. You will not only save money on your heating bill but also eliminate the need for unnecessary emergency water heater repair.

A Few Reminders to Improve Your Personal Hygiene

Personal hygiene productsSome people may think that personal hygiene is all about looking or smelling good. Though these points are true, prioritizing your personal hygiene is also crucial for your overall health.

Poor hygiene can lead to dental problems and diseases such as influenza and the common cold because of the bacteria present. So if you want to live a healthy life, keep in mind these personal hygiene reminders:

Pamper yourself

Spending time at the waxing salon means treating yourself to something that’ll improve your skin, ultimately putting you in a good mood. Hisandherswaxing.com notes that this will go a long way as this form of pampering helps you feel clean, fresh and relaxed.

Bathe daily

This may seem like a no-brainer, but there's always the tendency to avoid the shower especially if it’s too cold. But don't let this affect you and remember that bathing daily not only soothes your skin but also keeps you relaxed, which is advantageous to your mental and emotional state. Moreover, taking a good bath improves your sleeping habits, which can positively contribute to your overall health.

Exercise every day

If you think exercise is not part of personal hygiene, think again. Exercising is one of the best things you can do to yourself because it keeps you strong physically and mentally. Sweating daily can also improve your immune system, keeping you safe from viral infections.

Eat good food

Want to have a clean gut? Eat a balanced diet. You may be clean on the outside, but if your stomach is taking in a lot of oil and alcohol, your body will suffer.

Hygiene is not just about your outer self; it's also about taking care of what's inside to maintain excellent health.