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World’s Richest Real Estate Moguls

No matter what profession you are in, you will be impacted by real estate in some form or another. Whether you own, rent or sub-let, your life is impacted by real estate and the professionals or individuals that sell, manage or own it.

With that in mind, it would make sense that you just might be interested in people who have made it big in real estate. There are a select few in the entire world who have made their tremendous mark on the real estate landscape. Although, there were many struggles along the way, they arrived at that coveted spot of being a famous real estate tycoon.

Sarah Beeny is a developer and a host of Property Ladder, a British television program in the U.K. Beeny is a die-hard optimist and proponent for incorporating energy efficiency into building or remodeling.

Tim Blixseth is an American real estate mogul and billionaire businessman. He made a promise early on in his investment life to only collect assets, not liabilities, for the remainder of his life. He says he’s stuck to that promise.

Donald Bren, according to Forbes.com, is the wealthiest real estate tycoon on the planet with a $12 billion net worth. He currently owns hundreds of office buildings, along with 90 apartment complexes.

Conrad Hilton is the founder of Hilton Hotels. Hilton was known as a tremendous philanthropist who believed charity was a basic requirement for humanity.

Stanley Ho is one of the richest people in Asia. He’s a Macau and Hong Kong billionaire and casino mogul.

Lee Shau Kee is recently most famous for losing around $8 billion in net worth just in the past two years. Even with the huge losses, Kee continues to be noted as a real estate magnate as owner for Henderson Land Development. China’s greater region still considers Kee as one of the area’s richest people.

Ray Kroc is a entrepreneur who founded the McDonald’s Corporation franchise. Kroc purchased all rights to the McDonald’s name from the founding brothers Richard and Maurice McDonald. He took the franchise internationally to Japan and Germany in 1971.

Akira Mori is a famous Japanese real estate tycoon and billionaire. He’s one of the richest men in the world. President and CEO of Mori Trust, his family’s company owns real estate and hotels in Tokyo and all over Japan.

Minoru Mori is also a famous Japanese tycoon and billionaire. He and his brother Akira are sons to Taikichiro Mori.

Donald Trump is a famous television celebrity and billionaire real estate developer. Although his investments fluctuate with the waves of the sea, he always seems to come out on top.

Steve Wynn is a well-known Las Vegas casino and resort developer who developed some of the most opulent casinos and resorts in the City of Las Vegas.

Sam Zell’s net worth exceeds $6 billion. He is ranked 68th on Forbes’ list of richest Americans. He co-founded Equity Group Investments LLC that launched Equity Residential and Equity Office Properties.

By: Dane Smith

The Secret About Sofas

Purchasing a sofa can be a challenging undertaking. Most of the time the difference in quality between sofas can be hard to see because most of the difference is inside. It is advisable to try to get the best quality you can afford, and spending a large amount of money on one can be stressful, but the old saying is true that “you get what you pay for.”

If you are not familiar with the manufacturer or the quality of the product line, there are things you should ask the salespeople about.

What is the frame made of, and how is it constructed? Try to purchase one that is built with kiln-dried hardwoods and maybe with plywood. Ideally, the frame should be glued, screwed, double-dowelled and have corner blocks. These will all mean a stronger structure/base that will hold up well over time. Generally, if you hear that the frame is joined using staples, keep looking; this sofa will not last long, nor if it is built with any softwoods such as pine, although these will be very affordable. If the construction is a combo of staples and screws, softwoods and plywood, the sofa will stand up for a bit longer. For the legs, if they are part of the frame (the back ones mainly), that will mean a stronger structure as well.

What is the deck construction (what is under the seat cushion)? The really good quality sofas will have eight-way hand-tied springs.These are coil springs with twine strings tied in eight ways by hand to support the seat. These last very long, but because of it being done by hand, the price goes up. There is a newer, more cost-effective method of still using the coil springs, but they are covered by Pirelli webbing (material that is very resilient and supportive). The webbing is strong and will still last long. It hasn’t been around as long, so no one can say for sure if it will beat out the eight-way kind. However, since most people don’t really care if their sofa lasts for 50 years choosing the Pirelli still will mean you are getting a sofa that will last long enough.

There is also sinuous strung wire that are “S” shaped, and these are the preferred option for sleeker, modern sofas because they usually don’t have the height for the normal spring. Since it is affordable, they are also being used in regular style sofas. These hold up fairly well and have a softer feel to them.

The low-end is a web-suspension (like a hammock) that is attached to the frame creating a platform. It is more affordable, but will not last as long because it lacks the support.

What are the cushions made of? This is where things can get really confusing because of the variety out there, so here is an abbreviated explanation. The top end is down, which has a wonderful feel, but they do require a lot of fluffing to keep them from compacting. A good alternative is High-resilient (HR) foam that is wrapped in polyester batting or down — the latter being more expensive. Overall these are a good balance of strength and softness. The HR foam will not break down and will spring back to its original shape.

Regular polyurethane foam is inexpensive and will not last long. If you just need a sofa to last for a few years and you would rather not put much investment into your sofa then this type will be good enough.

Inspect the sofa! Feel the arms and back. If you can feel the frame through the fabric and padding that is a sign of lower quality. Move the arms around, too. If there is noticeable movement the joinery isn’t very strong and this will loosen over time leading to squeaks. Lift the front corner of the sofa. If you are about 6″ up and the other side at the front hasn’t lifted off the floor there is too much flex in the frame and that is another sign of lower quality.

After all this, you still have to trust what you are told or read about the sofa. If the manufacturer provides a warranty, which they should, make sure you are given a lifetime warranty on the spring system, at the minimum. Having them stand by their product is always a good sign.

By: Melinda Richardson

Understanding The Different Kinds Of Drapes

Drapes are basically long curtains. They are used to dress the windows up. Window coverings come in so many varieties these days that it may be hard to decide what you want. The decision may come down to personal taste, but you can help yourself by doing some research on the different varieties of window coverings. There are many types of drapes like draw drapes, stationary drapes, lace, sheers, casual swags and many more.

Drapes compliment the look of your house and give it a touch which is both traditional and stylish. They come in a variety of fabrics ranging from cotton to silk to linen to lace to net and many more. You should choose the one which goes best with the décor of your home.

Silk Drapes

What could be more enchanting than silk drapes? They look royal and give a traditional and rich look to your house. They bring a certain finesse to your home. Richness and exuberance flows with this material. Striped silk gives a dual effect and shine in two colors when lights come on. It shimmers in two shades. If the stripes are of different color then you have the privilege of another glowing color. Stripes in the same color or darker hue are mostly preferred as they blend in with the décor of the house.

You can also settle for textured silk. They are thick and give that solid look. Partnered silk is another outstanding option as the pattern makes the drapery look lively and gives a look that is definitely a class apart. These fabrics are classic and every designers delight. Silk draperies come in a variety of colors and you can choose the one which best suits your interior design. In case you are a little confused you can always seek expert advice. So if you want to brighten you house with a fabric then silk is the rich choice.

Velvet Drapes

Velvet drapes are another classic statement for your home. The material is so rich and soft that it automatically draws the attention of your guests. Velvet drapes are luxuriant and heavy which helps keep the light out and the heat in. If you are staying in part of the world where warmth is really needed, velvet drapes are the best option for you. Velvet refers to the soft furry coverings on deer’s antlers and velvet effect material is produced from woven fabrics made with cotton or man made fiber such as polyester. Velvet has a soft deep pile which feels almost furry when you brush your hands over it and gives depth and richness to the color with a strong contrast between light and dark. Velvet drapes are ideal for bedrooms as once they are drawn they keep the room completely dark. Although the material is heavy it flows like a cascade of water.

Window Drapes

Window drapes should be such that they should keep the light and heat outside at the same time as looking beautiful in the room. There are various fabrics which are used for window drapes such as cotton, silk, velvet, linen and other synthetic materials. Drapes should be such that they should compliment the look of your room. They should be easily washable and should require little maintenance. Two sets of window drapes should be maintained, one for regular use and the other for occasional use. Drapes can be ordered from tailors who specialize in them or they can also be made at home if you are able to sew. Drapes and blinds are as important in a home as the furniture and lights.

By: Alexis Hall

Checklist For Buying Resale Property For A Good Deal

You would certainly not like the idea of waiting for a period of 3 years or even more to buy your own home. In that case, many prefer to go for resale property. Buying resale property has several advantages. Not only you would be able to get a ready made flat to reside but also several other advantages.

The Advantages of Buying Resale Property

You get the opportunity to shift to the house immediately. This would be highly helpful especially when you have to shift to a shelter within a short time.

Many a times, you might be paying huge amount of money as rent and your calculations show that in the long run buying a property would be more economic than continuing to engage huge sums of money as rent. So, to lookout for a home within a short notice, buying resale property is indeed a good idea.

If you are an individual who loves to be located at a prominent position, go for resale property options. You would find as they were built quite early, they are usually located at good locations, at the heart of the city. In contrast, the latest residential developments are usually found in the suburban regions.
Though buying resale property would be advantageous to many respect, but you need to be careful while buying one. Your resale property is old after all and hence, you need to be assured of the fact that the building is still tough and durable.

Important Checklist for Buying Resale Property

Before you enter the flat, engage some professionals to check the plumbing and electrical works. Inspect whether the repair has been properly done or not. Try not to buy a property which is more than 10 years of age.

Your property must definitely be in good shape so that you do not have to spend much on its maintenance.

Check all the legal documents. The title of the property must be the name of the seller. Check whether all the duties and the dues are paid.

Inspect whether the property you are buying has any illegal constructions or not. In that case, you may get in touch of a lawyer or a civil engineer to learn about it.

Avoid buying resale property for investment purpose. If you are purchasing the property to expect huge returns, this won’t be a good business strategy. Purchasing resale flats is worthwhile only if you have plans to shift to the place immediately.

By: Aadi

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