On March 28, 2008, the United States Fire Administration (USFA) office delivered a potentially fatal blow to opponents of residential fire sprinkler residential architects in Palm Springs. For those not familiar with the USFA, it is an entity of the US Department of Homeland Security’s Federal Emergency Management Agency (FEMA). In other words, this is the highest government agency in the United States focused on reducing life and economic losses due to fire.
The USFA released an official video and document announcing their support for the use of residential fire sprinklers and their support of code requirements that would make residential fire sprinklers mandatory in all new residential construction.
So what impact does this have on residential fire sprinkler requirements? Well, immediately it has little significant impact since the USFA does not directly control the building and fire codes. But, the USFA is a highly visible federal entity that works through research, data gathering and public education to influence the building and fire codes used in the United States.
The USFA’s public support of residential fire sprinklers adds a shot of adrenaline to the movement for mandated residential fire sprinklers. Public education on the benefits of residential fire sprinklers will increase and fire service professionals will have a new wave of energy to publicly voice their support.
For many, this official position signals that it is an inevitable reality that residential fire sprinklers will be required in all new home construction in the United States. Others are patiently waiting on the sidelines to see how those opposing residential fire sprinkler requirements will react.
At the center of this intensifying debate are the proposed code changes to the International Residential Code (IRC) which, if passed, will mandate residential fire sprinklers in all new home construction. The IRC is part of the International Building Code (IBC), which is widely adopted as law throughout the United States. The next revision of the IRC will be published in 2009 and all proposed changes must receive final approval at the September 2008 hearing to be included in this next revision. You can bet that with the USFA’s official position now made public, the debate of residential fire sprinklers will continue to heat up leading to the September 2008 hearings.
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Ryan J. Smith – Prior to working directly in the fire protection industry, Ryan spent six years working in the property insurance industry working closely with homeowners and insurance underwriters. In 2003 Ryan joined the senior management team of what is now one of the largest and most successful fire protection companies in North America. During this time he became intimately involved in the serious hazards resulting from uncontrolled fires and the dependable benefits of properly designed, installed and maintained fire protection systems. In 2008.
He retired from his position to focus on improving home fire protection. As a husband and father of four, residing in Arizona, he is committed to educating the public on the pros and cons of residential fire sprinklers so that informed decisions can be made at the national, state and local levels. As a former business executive in the industry he is committed to the professional training and certification of designers and contractors working with residential fire sprinklers.
Are you looking forward to starting a better standard of living? It is probably known to all that buying a new home with modern features opens the path towards a lifestyle of our dreams. We tend to choose a house constructed by a reputed builder in a better location that will meet the modern-day conveniences. Hence, when it comes to the advent of a new form of living, buying a new home is the first step that most of us tends to take.
However, is this the only thing that you can expect from a residential property? Why don’t you start investing in residential properties and enjoy the benefits of the same?
With buying an apartment, you get assured ownership over the new home. However, investing in residential property generates passive income. Whether you invest in a residential flat in Kolkata or anywhere else, choose a property that will potentially guarantee you a high rate of return.
You need to check the growth quotient of the region where you are planning to invest in a residential property. If the region is lacking any sign of growth or promise, this will become a financial burden in the long run. On the contrary, a good investment, such as investing in residential flats in Kolkata in various regions (like Madhyamgram, Serampore, Tollygunge, Rajarhat, EM Bypass, etc.) will generate revenue for mortgage payments, cost of taxes, repairs, etc. through renters. It might become an essential channel for building wealth if you chalk out the perfect plan regarding the same. your planning goes well.
Here’s what you need to know about buying and investing in a residential property.
Buying & Investing: Understanding the Concept
Residential properties comprise of a defined land area consisting of flats or a stand-alone home constructed for individuals or families for dwelling. These are not to be used for commercial or industrial purposes. These spaces are essentially reserved for occupational purposes and involve residential use for a long duration of time.
On the other hand, an investment property can be a long-term or short-term investment. If we consider the short-term duration, the concept of ‘flipping’ a house comes in the picture. In this case, the property is bought and remodelled or renovated and is sold for a higher price.
One can also generate revenue by possessing the property and renting it to others, or selling the property at a time when the value has appreciated. For instance, if you buy a home in Kolkata close to the airport, good schools and colleges, the price of the property will be automatically high.
Apart from that, here are the features that differentiate both:
Buying a Residential Property
Investing in a Residential Property
Choose the correct property
Provides better living standards along with meeting the requirements of the family members
Possible Challenges: Prolonged bank payments, bad connectivity, poor locational advantages, etc.
Generates passive income
Caters to the growth of a region which in turn increases the value of a property for rental income or sale of property
Might be long-term or a short-term investment
Landlord enjoys the ownership of the property
Possible Challenges: Uneven flow of income, the value of the property might fall, liability for repairs and maintenance costs, etc.
We can explain this by taking a metropolitan city as an example. For instance, if you consider Kolkata, you’ll come across a plethora of residential projects. Hence, whether you are buying a home in Kolkata or investing in a property, it is essential to do a complete scan of the region you are specifically targeting. Whether North Kolkata or South, it is always necessary to know which areas will provide you with the best advantages to fulfil your requirement.