Rental thoughts to munch on

When I think of rentals, many ideas are conjured including cost, size, location etc.
Rental costs vary in cities. Tel Aviv and Jerusalem for example have high rental fees comparatively to Beit Shemesh,Kiryat Gat, or Beer Sheva. In these areas one can find decent rentals .
When looking at rentals, one must pay attention to many pointers .One does not want to rent a home that has damp issues, or requires work that has not been done.
Even better, beware of homeowners who promise to deal with issues that have not been dealt with . If you came to look at the apartment and serious issues have not been
dealt with BEFORE viewing , you will want to inspect it AGAIN before signing a contract.
Renters should take all costs into consideration to verify that the apartment they
are interested in, they can afford and not THINK they can afford it.
For example, this 6 square meter kiosk rents for 12,500 shekels a month.
Can you afford the rent? The municipal tax? Any related maintenance fees?
This does not include water, electricity, gas etc.
Got any questions, feel free to contact me. 🙂

4room apartments rise in 2015

We have figures for areas like Ashkelon rising at 15%

Beersheva also at 15% & Modi’in rose by 9%.

So where is Beit Shemesh? Have 4 room apartments risen as well?

 

Here is an indication of 4 room apartments that have sold

in the Schienfeld area:

 

 

Do you have an uninhabited apartment?

If you own an apartment or home and you haven’t moved in yet?

You can get a waiver on  payment for arnona . The apartment must be 

empty, there will be a municipality agent to photograph and check verification  that no one lives in the property.

 

How to care for 2 parents ….

This article is meant to  give ideas to children who have elderly parents or parents that can’t care for themselves. I am not sure if the ideas in this article is ideal. Owning a home is a goal we all try to achieve, at least in Israel. To consider a reverse mortgage one must weigh its merits heavily.The new trend in purchasing a home or apartment is having a smaller unit attached to the property so it can either be rented out or used to care for elderly parents.

How to care for two parents at once  without going broke

YOUR MONEY

By Chris Taylor

New York (Reuters)- For years, Madeleine Smithberg has been at the forefront of American comedy as cocreator of The Daily Show and a talent coordinator for Late Show with David Letterman.

That sense of humor was especially handy during the last few years. That is because Smithberg had to cope with not one but two elderly parents in rapid decline.”It’s heartbreaking”, says Smithberg, 56 who has a production company in Los Angeles. “And yet it’s invisible, because nobody talks about it”.

Dealing with one aging parent is challenging enough, whether you are helping navigate the complex health-care system,  paying for an assisted-living facility or struggling with cognitive decline as the parent slips away. But the emotional and financial stress can be more than double if you are caring for both parents at he same time.

Ministerial C’tee approves 0% VAT on new homes

The bill now moves on to the Knesset Finance Committee.

The changes already made include raising the eligibility threshold for applicants who did not serve in the IDF or National Service from NIS 600,000 to NIS 950,000, and eliminating the eligibility document. The revised bill also sets September 1 for the law to come into effect.

The bill is also opposed by Bank of Israel Governor Dr. Karnit Flug who fears that much of the savings in 0% VAT will not find its way into the buyer’s pockets.

Published by Globes [online], Israel business news – www.globes-online.com – on June 16, 2014

* The big question is, who will it benefit?

The plan for 0% VAT on new homes of up to NIS 600,000 for those who don’t perform national service has been slammed.

The maximum price for which a VAT exemption will be granted to those who have not served in the Israel Defense Forces (IDF) or civilian national service, it is believed, will change from NIS 600,000, as the Ministry of Finance announced yesterday, to a larger amount. This follows the stubborn objections of Minister of Construction and Housing Uri Ariel, and comments by the Minister of Justice, and the Attorney General that if there are insufficient new apartments in this price range then the price will change.

“The compromise presented by the Ministry of Finance for the VAT criteria is unacceptable,” said Minister of Construction and Housing Uri Ariel at the Knesset Finance Committee meeting on the housing crisis. “The compromise needs to be more egalitarian. I repeat: there will be no NIS 600,000 limit for people who did not serve, it won’t pass. Why? Because there are no such apartments, maybe a few, and, in addition, the Finance Committee, in my opinion, will not allow it.” Ariel’s comment comes after he attacked the compromise as unrealistic yesterday, following its announcement by the Ministry of Finance. Ariel also said he would be speaking to the Attorney General to emphasize that there are no new apartments for NIS 600,000 on the market.

It appears that Minister of Justice Tzipi Livni is also demanding explanations about the compromise. Livni instructed Ministry of Justice Land Appraisals Council chairperson Tal Aldrussi to check whether the data presented to the Ministry of Justice in the discussions of the zero-VAT agreement are correct and accurately reflect the reality in the market.

According to Livni, if the data are not in line with reality, “There will be no escaping changing the relevant clause.” She further said that “Encouraging and rewarding young people who bettered their country by serving in the IDF or national civilian service, is a worthy process, and is our duty. If it becomes clear that the figures presented to the Ministry of Justice, based upon which the Attorney General made his recommendation to the government, are inaccurate, and are not in line with reality, there will be no choice but to adjust the amount at which the benefit is given, without harming the benefits given those who served their country.”

Published by Globes [online], Israel business news – www.globes-online.com – on May 12, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014