Service Industry Lean Manufacturing – Implementation Guide

Non-manufacturing industries have not embraced lean manufacturing to the same extent as those producing a product. Some service industries have found the same principles apply, although the use of lean manufacturing tools is different.

For example, a value added analysis is just as easily conducted with a worker talking on the telephone as someone using one.

The 5S tool can be used to organize the surroundings in the telemarketing office. All materials the telemarketer uses should be organized and within reach without having leave the area. This 5S organization enables the telemarketer to continuously utilize any material in front of them as well as keep an eye on a computer.

The same SMED tools can be used with a administrative assistant as a machine operator. The process map and movement will show the waste in each. The assistant's travel shows the motion waste. The waiting waste is often huge in any white collar or service job. For example, the waste from waiting on a colleague, manager, supplier, or anyone else can be eliminated. There are ways to minimize it by removing the root cause as well as finding activities to fill the time. These activities should be of short duration, such as data entry, filing, or printing.

Line balancing is easy in a service environment. The key is flexibility. For example, two tellers at a bank may be required 6 out of 8 hours per day, but the trained lean expert or industrial engineer is required to notice it. The additional two hours of waste comes in buckets of 1-2 minutes throughout the day. Again, this time must be filled with value added activities in a standard work format. If the job is not standardized, the two individuals may absorb the time and appear 100% busy. There are many other instances where job combinations are obvious.

The value stream map is an excellent tool for service industries. Rather than the traditional macro level view of the system, the value stream map can be used in a department or area of ​​the business. An example would be the service desk at a department store. Begin with the information flow and trigger for activity, which might be a customer. Break the map into various segments showing the few activities that comprise 90% of the work, such as returned goods, request for information, or complaints. Standardized Operations should be utilized for returned goods to minimize motion and waiting, such as a decision flow diagram. If the manager is called a large percentage of the time, the decision flow diagram needs improved. Obviously the 5S and SMED tools are also relevant, as well as root cause problem solving to eliminate the complaints.

Service industries often use kanbans without knowing it, such as ordering supplies. The same pull systems can be used in service industries as the manufacturing sector. The supply distribution center is one obvious example. Inventory waste can be eliminated using pull systems beginning with the end downstream customer.
When implementing lean manufacturing in a service industry, it is important to tailor the training to the business. Most SMED (single minute exchange of die) training is developed using examples of setup activities for equipment. It is easier for people to understand and see the waste in their processes when the training has obvious applicability.

One of the best long term lean manufacturing tools to apply in a service industry is the kaizen event. Kaizen means "incremental improvement" in Japanese. The kaizen team is comprised of a cross functional team developed to quickly and substantially improve a business issue. For example, a kaizen might be developed to reduce hospital check in time for testing. The team might include the individuals conducting the check-in, a nurse, manager, an IT representative, and a couple customers. If the average check in time is 35 minutes (the elapsed time from walking into the building until seated in a private room), the kaizen objective might be to reduce the check in time to 20 minutes within 5 days.

Cellular manufacturing can be used in many service businesses. Rather than placing individual pieces of equipment such as the postage meter, copier, fax, and file drawer throughout the area for everyone to use (and wait on), consider placing these items together in a U shaped cell to minimize movement.

The "One Piece Flow" concept is a great tool for processing items such as quotes, bills, or mail pieces. For example, if four people must review a quote, and the first person processes 500 prior to moving to the second individual, and so on, the cycle time is going to be very long. Also, if the fourth person notices a mistake the other three missed, all 500 are bad and much labor was spent unnecessarily. Moving the piece in a flow of "one" or in small batches minimizes the error cost and reduces cycle time.

Service industries have a terrific opportunity to reduce waste. Sometimes it is simple and obvious, while other times it takes the same creativity as in the factory.

What Are Panchaloha Idols and How Are They Manufactured?

As one of the oldest religions in the world, Hinduism carries a broad set of traditions, rituals and worship. Hinduism in the real sense is a way of righteous living and professes the unity of worship and the concept of a formless divine. But these are abstract concepts for many and the best way to help relate is through images. Over time, this was how the concept of various 'Gods' and 'idol worship' was developed, giving the free choice of worship ultimately to the individual. In this regard, Panchaloha idols play a key role in this regard.

Silpa Shastra is an ancient Hindu text dealing with arts and crafts and contains various design rules and standards. All idols whether stone or of metal have to be sculpted and manufactured according to these rules and prescribed rituals have to be followed both during manufacture and installation in order to obtain the correct benefits. Panchaloha idols are traditional idols of Gods fashioned from an alloy of 5 metals (silver, gold, copper, zinc and iron). The percentages in which these metals are used in the alloy varies between different regions in India.

The idol manufacturing process involves 2 steps. The first is the construction of the mould and the second is the actual creation of the idol. Initially, an image of the deity is created in wax with all the details. This wax is prepared by mixing paraffin wax , resin from the tree Damara Orientalis, and ground nut oil. Since wax produced by this method is quite hard, softer bee's wax of high purity is mixed to make it easier to bring to life finer details.

To create a mould, the wax model is covered in layers of fresh clay and soil and then allowed to dry. Once the clay dries, it is heated to melt the wax and create a hollow mould. The melted Panchaloha metal alloy is then poured slowly into this mould to allow air bubbles to escape. This is then allowed to cool and solidify into the idol or deity. The cooling period varied between a few hours to a few days depending on the size of the statue and is judged based on experience. Finally, the craftsmen break the clay mold starting from the head of the statue to get the preliminary image. This image is then worked on to produce the final product.

The process has remained the same since the time of ancient dynasties like the Chera and the Chola and it is heartening to note that the art continues to thrive in various corners of India even today.

The Importance of a Balance Sheet

An individual has two primary tools for managing personal finances. The Personal Balance Sheet is ignored and the Budget is the darling of Financial Consultants and the media. The key to understanding personal finances is that you have to understand your Budget and Balance Sheet individually and also how they work in combination to give you a complete snapshot of your personal finances.

Your balance sheet is extremely important because it shows you where the gold is. It is your personal Fort Knox. It is also extremely important because you need to have a stash of gold in your personal financial picture. The gold in your Balance Sheet is not the Assets. They are the positive side of your Balance Sheet but the real picture of how much gold you have in your Fort Knox is your Net Worth. So just as important to your Balance sheet is your Liabilities. The total of your Liabilities is subtracted from the total of your Assets to give you your Net Worth.

You fill out your Balance Sheet and total up your Assets and Liabilities. You subtract the total of your Liabilities from your Assets. That number, your Net Worth will come out to either a negative amount, an amount of or near to zero, or it will be substantially positive. These are the only 3 scenarios possible.

• If your net worth is a minus number, you are not managing your financial resources properly. Your Balance sheet is your report card and you are failing. It is that simple. If you are managing your money to deal with life's challenges and planning your personal finances with your retirement in mind, your Net Worth should be positive and growing. If your Net Worth is positive, you can ride out financial storms like the current situation. At the time of your retirement, your Net Worth must be substantially positive so that you will be able to keep costs down and have investment income to replace your working income. During your working years, your Net Worth should be growing steadily because a retirement nest egg does not grow without years of nurturing.

• There are circumstances where it is acceptable to have a Net Worth of Zero or near Zero. The first is when you are just starting out. It just makes sense that it would be zero. You may have student loans but that is offset by some form of education that will allow you to make more money in the course of your lifetime. The key is that this is the best time to start building your net worth. It allows the principal of compounding value to work its magic on your assets for decades. That saves you a lot of work later in life. However, most of us are not that wise and we find ourselves in our 30s and 40s with little or no Net Worth. This means you have less time for compounding to work. So you have to work harder and especially manage your money smarter to prepare for the financial challenges you face going forward. The nice thing is that you have probably made some mistakes that have made you much wiser. You should be able to recover much faster than you would have in your undisciplined youth.

• If you have a positive net worth that means that you are building assets. Just as important is that you are controlling your debt. This is the key that has probably gotten you to this situation. The key to a positive Balance Sheet is that debt offsets the value of your assets when you look at your personal finances as a complete picture so your debt / equity ratio should be less than one and get smaller and smaller. Debt servicing saps cash flow on your budget that could be used to build assets that can be used to produce income in your retirement years. Clear title ownership of assets such as your home reduce cash draw and this is incredibly important as you approach retirement.

The financial crisis we are in now is described as a Balance Sheet crisis. We are in this crisis because nobody was paying attention to their Balance Sheets, not even at the towering heights of our financial infrastructure. The symptoms were everywhere. The while researching the I found That the top sites on the internet for Balance Sheet are On Those WHO COMPLETE want to sell you something so they 're That can gain access to any Assets on your balance sheet That Might be left after this disaster. Before the disaster, the only thing that had any importance was whether a potential buyer of anything could afford to make the payments on whatever he was buying assuming he made 120% of his stated income. The most outrageous symptom was that people would take appreciating home equity and borrow against it to buy depreciating assets and consumer goods. They overbooked their budgets and now they have gutted their balance sheet.

The resulting loss of home values ​​is the disaster we have now where people have either a zero or minus Net Worth. The other aspect is that we are now wiser. For the good of our society and our financial infrastructure we had better be. Going forward we must pay attention to our Balance Sheets and recognize that is where the gold is. You must save and protect your gold. Net Worth is where financial power is and that is the Importance of a Balance Sheet.

Digital Marketing, a Must Today

The key purpose is to sponsor brands through various types of digital media. When one talks about digital marketing, it pretty much extends beyond just internet marketing! In fact, is also takes into account mediums that do not oblige the use of the internet. That comprises cell phones, social media marketing, search engine optimisation, search engine marketing, as well as any other type of digital media.

Most professionals consider that 'digital' is not as simple as it seems. A prerequisite is that an entirely novel approach to promotion and a novel understanding of customer behaviour is required. For instance, it requires companies to examine and compute the worth of tweets on Twitter, downloads of apps on mobile devices and the worth of likes on Facebook.

Here are few of the Digital Marketing Companies in Noida

1. Digitalabs

Digitalabs is a digital marketing agency that endorses the fact that the digital world is continually evolving. They pretty much aim for the same. The company was established in 2010. At Digitalabs, the management gives precedence to performance and not simply the age. They are working with the top national and international brands. Approach them if you believe in constantly evolving with the digital world!

2. Digital360

This Digital Marketing Company, as its name suggests, has a whole solution for any and every digital branding purpose. They make certain to supply the client best branding solution with all needed support and assistance. They develop the digital marketing solution customised, keeping the need of the client in mind. Packages offered meet both the budget and need of the client. They also understand the rising competition of online branding and for the same; they present a range of online branding solutions that will totally help to attract potential customers. With this, the ultimate objective of increasing the business can be easily met! Contact them if online branding is what you want!

3. Blue Digital

Blue Digital is a digital marketing agency. They have an excellent team of trained professionals and are very good at what they do. They survey the latest technologies and are always up for any challenges posed to them. If you are looking for a digital marketing firm that can present you a comprehensive package in terms of design, development as well as marketing, go for them. Blue Digital is one firm that has always stood in the time frame and provided excellent solutions every time. They are very professional and quick with their execution. Some of their specialities are Content Writing applications like CRM systems, Pay Per Click Management, Brand Reputation Management and any complexities to aid their clients worldwide.

How to Evaluate Your Finance Department

Nobody knows your business better than you do. After all, you are the CEO. You know what the engineers do; You know what the production managers do; And nobody understands the sales process better than you. You know who is carrying their weight and who is not. That is, without were talking about the finance and accounting managers.

Most CEO's, especially in small and mid-size enterprises, come from operational or sales backgrounds. They have often gained some knowledge of finance and accounting through their careers, but only to the necessary necessary. But as the CEO, they must make judgments about the performance and competency of the accountants as well as the operations and sales managers.

So, how does the diligent CEO evaluate the finance and accounting functions in his company? All too often, the CEO assigns a qualitative value based on the quantitative message. In other words, if the Controller delivers a positive, upbeat financial report, the CEO will have positive feelings towards the Controller. And if the Controller delivers a bleak message, the CEO will have a negative reaction to the person. Unfortunately, "shooting the messenger" is not at all uncommon.

The dangers inherent in this approach should be obvious. The Controller (or CFO, bookkeeper, whoever) may realize that in order to protect their career, they need to make the numbers look better than they really are, or they need to draw attention away from negative matters and focus on positive matters. This raises the probability that important issues will not get the attention they deserve. It also raises the probability that good people will be lost for the wrong reasons.

The CEO's of large public companies have a big advantage when it comes to evaluating the performance of the finance department. They have the audit committee of the board of directors, the auditors, the SEC, Wall Street analyst and public shareholders giving them feedback. In smaller businesses, however, CEO's need to develop their own methods and processes for evaluating the performance of their financial managers.

Here are a few suggestions for the small business CEO:

Timely and Accurate Financial Reports

Chances are that at some point in your career, you have been advised that you should insist on "timely and accurate" financial reports from your accounting group. Unfortunately, you are probably a very good judge of what is timely, but you may not be nearly as good a judge of what is accurate. Surely, you do not have the time to test the recording of transactions and to verify the accuracy of reports, but there are some things that you can and should do.

  • Insist that financial reports include comparisons over a number of periods. This will allow you to judge the consistency of recording and reporting transactions.
  • Make sure that all anomalies are explained.
  • Recurring expenses such as rents and utilities should be reported in the appropriate period. An explanation that – "there are two rents in April because we paid May early" – is unacceptable. The May rent should be reported as a May expense.
  • Occasionally, ask to be reminded about the company's policies for recording revenues, capitalizing costs, etc.

Beyond Monthly Financial Reports

You should expect to get information from your accounting and finance groups on a daily basis, not just when monthly financial reports are due. Some good examples are:

  • Daily cash balance reports.
  • Accounts receivable collection updates.
  • Cash flow forecasts (cash requirements)
  • Significant or unusual transactions.

Consistent Work Habits

We've all known people who took it easy for weeks, then dropped an all-nighter to meet a deadline. Such inconsistent work habits are strong indicators that the individual is not attentive to processes. It also sharply raises the likelihood of errors in the frantic last-minute activities.

Willingness to Be Controversial

As the CEO, you need to make it very clear to the finance / accounting managers that you expect frank and honest information and that they will not be victims of "shoot the messenger" thinking. Once that assurance is given, your financial managers should be an integral part of your company's management team. They should not be associated to express their opinions and concerns to you or to other department leaders.

Transportation Management System – An Introduction

A Transportation Management System (TMS) is a software that is aimed at helping business and organizations to effectively manage its logistics supply chain, it helps organizing and tracking the movements of the products and materials. A Transportation Management System also helps in managing shipping units, outbound and inbound shipment scheduling, transportation mode selection, freight bill auditing, payment and processing of loss and damage claims etc.

Some of the basic functions and advantages of a transportation management system are shipment load planning and shipment routing optimization, routing guide, execution management and carrier communication, shipment tracking, freight bill audit & payment, business intelligence and reporting, claims management, returns management, Appointment scheduling etc.

The shipment load planning and routing optimization helps the shippers to plan the loading and then find a suitable and optimized routes as per their requirements. This helps to save a lot of money and time and as a results makes it easy for the shippers to manage.

The routing guide is another feature of a TMS which helps the vendors to get an idea about the inbound routing guides for better cost management. The execution management and carrier communication helps the shippers to find the tools needed to help them in selecting the right carriers along with shipping cost calculation. The TMS also helps you in getting an accurate freight bill audit and also in implementing the payment part. As with any other tools, a transportation management solution also offers business intelligence reporting, which helps you to get more idea about your business and ways to improve it.

A TMS or a logistics management system can also be used as an effective vehicle routing software which helps you in the effective utilization of vehicles used for your transportation purposes. It identifies areas where the vehicles can be utilized effectively without spending much time and money. Since the TMS identifies the shortest route, it will result in reduced fuel consumption and enhanced fleet management and utilization.

For small companies which have a remarkable small transport operations, the use of such a tool is not recommended, as they may not have any difficulty in managing all their transportation activities manually. But for a big company with a large number of vehicles and transportation activities, it is a better idea to avail the services of a transport management system, as it will ease their management activities and help them to save a lot money.

More and more companies have started using logistic management system and hence the demand and competition have increased considerably. So the number of companies providing customized transport management system or freight management systems has increased. Some of the software offered are not having the expected quality and one must be sure to select the right and the best transportation management system for their company. There are also many software having advanced options such as GPS vehicle tracking or GPS fleet tracking system. So while purchasing the transportation scheduling software, make sure that you have spend the money on the right tool.

5 Most Popular Types of Industrial Equipment

There are many forms of industrial equipment used in the workplace. Industrial equipment is usually large and made of materials such as steel and titanium for optimal strength. These machines are often needed to lift and move materials which may possibly weigh thousands of pounds.

A piece of industrial equipment which is not in working order should never be used for any reason. All equipment is inspected at the beginning of everyday to ensure they are in the best condition for workers.

By now, there are a million pieces of industrial equipment racing through your head but the question is, which ones are the most popular and most crucial to the industrial field? Below you will find five types of industrial equipment which are known to be the masters of all machines in the industrial workplace:

1. Bulldozers – Bulldozers are massive machines which are used mostly in the construction and mining industries. Bulldozers have the ability to lift and move vast amounts of dirt and other debris from one place to another. Bulldozers can operate in many conditions including snow, hail and rain. These pieces of equipment are generally used to dig up the ground and provide room for building houses or other types of buildings.

2. Cranes – Cranes are generally used to transport hard, heavy items from one place to another. The arm of the crane is used to swing the object from one place to another and the arm can be adjusted according to how far the materials need to go. Unlike bulldozers, cranes have the ability to transport objects over uneven levels of ground.

3. Excavators – Excavators are engineering vehicles which consist of backhoes and cabs. They are mainly used in the digging of trenches, foundations and holes. They can also be used to destroy objects which are no longer needed for any reason and in which case need to be compressed and condensed.

4. Fork Lifts – Forklifts are warehouse vehicles which are used to lift, hoist and transport extremely heavy items from one place to another. Forklifts are known to be indispensable pieces of equipment in many industrial workplaces.

5. Compressors – Most of the pieces of equipment listed above are used for construction purposes, however compressors are generally used in more of a factory-type setting. Compressors are used to provide high pressures of air or other forms of gases. These devices can be regulated in order to maintain the desired amount of pressure in the tank.

There are many other forms of industrial equipment. Each piece of equipment is designed to perform a specific task which contributes to the overall success in this field of work. Without these forms of equipment many industrial areas would not exist.

Importance of a Digital Media Agency for Global Businesses

There are many businesses around the world, which are considering the importance of digital marketing domain as a vital way to promote their trades online and find potential customers around the world. Nowadays, many small to large level enterprises are moving online and adopting the benefits of digital media marketing. For this purpose, they are availing services of top-notch digital media agencies in the market. It helps them advertise their businesses over the web and increase clientele across the globe. Here, a digital agency plays can play a significant role to promote the client's business and take it to the next level of success easily.

Introduction to a Digital Media Agency

Digital media agency is a right step for global businesses, where they get the complete solution for the online branding of their trades. Also, a digital marketing agency helps businesses plan their online marketing campaigns and promote them successfully over the web. A modern digital agency is more effective for online advertisement of business rather traditional digital options like television and print media. Nowadays, every business needs the back of online digital agencies to give a quick growth of the trade over the web. Here, the digital firm can help businesses by fulfilling their digital marketing requirements like website development, designing, SEO activities, PPC, and much more. For managing all the tasks, digital agencies outsource the work to the experts in the market and manage the client's project smartly. Thus, a digital marketing firm takes the challenge seriously and delivers the optimum result for the businesses under the stipulated time frame.

Types of Digital Agencies

In the competitive digital media industry, you can find different types of digital agencies which can serve you the best digital services for online branding of your business.

Integrated Digital Marketing

It is the agency which keeps track of online branding results of the client's business. For this, they make the right use of client's data, analytics, and other online marketing platforms. Also, the agency plans right strategies to improve the client's website traffic online and track the clicks on it via different sources like mobile, email, and other organic searches of search engines.

Digital Campaign

This agency follows digital advertisement strategies for marketing of client's business and its products or services. Here, the agency makes the digital campaign so attractive that inspires the viewers to take an interest in it.

Digital Solutions

The modern concept of a digital media agency model is being adopted by businesses of all levels these days. This agency offers the avenues to provide a digital impression to the business model and plan an effective marketing campaign to promote it over the web through digital means.

Tips to find the best digital agency in the market:

  • Do verification of its market value and years of experience in the industry.
  • Explore the type of digital services provided by the agency for successful advertisement of client's business.
  • Check for reviews and feedback of the agency's clients.
  • Is there any team of digital media experts'?
  • Check for the qualification and digital media experience of the agency's personnel.

Thus, above are few necessary tips, which you should follow wisely before availing services of any digital media agency in the market.

Thinking of Buying a Used Mobile Home? 18 Steps For What to Watch Out For and How to Do it Right

If you are thinking of buying a used mobile home, there are things you need to watch out for. Buying a mobile home is not like buying a regular stick built. You need to know what to watch out for before you buy a used mobile home. Here are 10 things to watch out for when buying a used mobile home. These tips will guide you to make the right decision and / or how to negotiate in your best interest. Better safe than sorry. My seven years of selling used mobile homes has taught me a lot. I am now passing on that information to you so that you can make an educated choice.

1. Age. If your finances are tight, do not buy anything older than 1977. That is the cutout time for good financing and also the year a lender can determine if the used mobile home is a HUD home. 1976 and older were registered with DMV and not built to code. Therefor, lenders requires a 20% down on a 1976 or older. The term will be no longer than 15 years and the rate will be somewhere around 11-12%. That is a lot to pay. 1977 or newer requires only 10% down, you can get 20 years of financing and the rate is 1-2% lower. That is a much better deal. If the home is newer, the rate can be as low as 8%. Preferable, look for a home that is no more than 15 years old.

2. Park. Not all parks are approved by the lenders. Before making an offer to purchase, get yourself loan approved for that particular park. If the space rent is too high or if there are too many foreclosures in the park, lenders might say no to financing.

3. Rent control. Is it or is it not? Most parks are but some are not. If not, make sure yo fully understand what kind of yearly increase the park will impose on you. You might not mind paying that extra increase per year but each time the space rent is raised, the value of your mobile home WILL go down. Its like a car, depreciating. Still, it beats renting an apartment with people above, below, left and right.

4. Crime. Does the park have a security program? Is the park patrolled regularly by a security patrol company? If not, you probably should stay away. Yes, it is true, all residents have to follow the rules and regulations but if there is no security, many things can happen. A security patrol is a deterrent, crime will go elsewhere. Call the park manager and inquire. You can also call the local police office and ask for a crime report. Strongly recommended.

5. Pets. What is the parks policy? Your 80 ldb golden retriever might have a VERY hard time getting approved. Same for your pitt bull or any other so called "vicious breed". Most parks will NOT approve them. There is only one park in the Santa Clarita Valley that will approve a large dog, even two. However, no "vicious breeds". How stupid. Recently, I had a dog trainer with good credit, a large down payment and a German shepherd. That dog was the most well trained German shepherd but no, considered "vicious". So are dobermans, boxers, pinchers, chows and a couple of more. Inquire with the park BEFORE looking at any used (or new) mobile home. Save yourself the time (and your agents) by finding out first.

6. Neighbors. Most people are nice. However, since you are going to be living in tight quarters (most mobile home spaces are small and set very closely together), go and talk to the neighbors. Both the ones next door and some a few doors down. The ones a few doors down are the ones that will tell you what REALLY is going on. Maybe the couple next door do not get along any more. Maybe there is an alcohol problem. Maybe the kids play too loud. You need to know. Drive by in the evening, hang around for a while. Do the same for the weekend. Spend an hour on a Saturday night, driving around the mobile home park, you will then now if this is a place for you.

7. Managers. Do they do a great job? Do they care? Do they make the residents follow the rules and regulations? Do they arrange get togethers every now and then? Any holiday dinners? Do they publish a newsletter to keep you updated? Do you feel welcome in their office? Most managers take great pride in their park and are happy to try to help you. Make sure that is the case.

8. Trash. An old toilet sitting at the end of a car port? Knee-high weeds? A car jacked up and being worked on in a carport? You do not want that. What you should want, is a clean, manicured park community where the residents take pride in their mobile homes and keeps their surroundings clean. A carport is not supposed to be used for storage (or a back yard). A shed is where you keep your excess belongings, period.

9. Mobile home values. Holding steady? Going up? Declining? Have your Realtor find out for you. Buying a used mobile home is very much like buying a used car. A seller can set any price but is it worth it? Please do not over-pay. If you need to finance your used mobile home, you are then in a much safer position. You are then required to pay for an appraisal to find out the REAL value of the mobile home. However, if you are planning to buy your mobile home for cash, watch out. No appraisal is required but I would recommend you pay the $ 400 to the appraiser. It could save you thousands. The choice is yours.

10. Health and Safety. What condition is the mobile home in? The basics should all be there. If not, it is the sellers responsibility to have it done. That includes;

A. Smoke alarms. Each bedroom needs one, that is the code. And, it needs to be working!

B. Water heater. Needs to be double-strapped and not with those tiny metal bands that has little wholes in them. Is there a pressure release valve? If it where to over-flow, does the pipe go underneath? Should not. It needs to extend out to the side of the skirting. Is the water heater closet dry-walled? Has to be. Any leaks?

C. Steps. Are they solid? No rips in the carpeting (trip hazard)? What about the railing? Is it loose? Can not be. How far apart are the rails? Should not be more than 4 "so that a small child can NOT get stuck in between.

D. Cooling system. Does it work? It is not really a health and safety issue but if it were me, I would insist on it or ask for a reduction in price. Who wants to live in a used mobile home, maybe with metal siding as well, and summer comes around and it is 105 degrees outside.

E. The furnace. When was it last serviced and how dirty is the pad? Take a good look and make sure it works. Have someone come and take a look at it.

F. Plumbing. Any leaks? Should not. Run all faucets and look underneath.

G. Electrical. Does all the outlets and the switches work? Make sure they do. GFI's? You do not want the risk of being electrocuted. Both kitchen and bathrooms needs GFI plugs.

H. Roof. Any leaks? Look around carefully to see if there are any water stains in the ceilings or around the upper walls. How old is the roof?

I. Earthquake bracing. Do you have it? Bring a flashlight and open up the access door in the skirting. There should be (on a double wide mobile home), two in the front and two in the back. Compare them to the regular piers and jacks. Are they beefier? Bolted to the I-beam? They should be. Surprisingly enough, there are still some used mobile homes out there who do NOT have them. On top of that, it is not considered a health and safety issue and it is perfectly legal to sell a used mobile home WITHOUT them!

If you do buy a used mobile home without earthquake bracing and later on decides that it was not the smartest idea, a contractor will charge you about $ 5000 to install them. Not cheap. If it does not have it, ask for a price reduction and then order the escrow company to set aside $ 5000 to the contractor. At the close of escrow, your contractor will come out and install them for you. If you can have him install it the day BEFORE close of escrow even better. Because, if you just take a price reduction, you are going to be so busy moving and exited about your purchase of your mobile home. You'll "forget" about the bracing and end up buying new furniture instead!

Ideally, you should hire a health and safety inspector who KNOWS how to inspect a mobile home

8. Once you are park-approved, it is time to schedule your health & safety inspection. You are free to use any licensed health & safety inspector for your inspection or I can recommend several to you. Besides the health & safety inspection, I would strongly recommend you have an electrician look over the home. Sometimes, a regular h & s inspector can not really know what's going on. These inspections are not free and depending on who it is, they all charge slightly different. When we go to see the inspectors at your future home, please bring your check bock. Once the inspection is over, the inspector will go over his findings with you.

9. It is now 24-48 hours after that the health & safety inspection took place and now we are holding the report in our hands, going through it together. It is the sellers responsibility to cover any health & safety issues, such as electrical, plumbing, roof, smoke alarms, double-strapped water heater and so on. Anything cosmetic is just that, cosmetic and the seller does not have to do anything. However, you could always try to negotiate if you strongly feel there is something you want the seller to do and of course, I am there for you, every step of the way.

10. Termites? Pesky little critters and they are usually EVERYWHERE! We would absolutely want to have the home inspected for that too. We will get a written report with a diagram, showing their findings. Anything that they find that is classified as a SECTION I, has to be taken care of and hopefully, the seller is willing to do that. If not, it's on you. I have a very strong opinion in regards to termites. That is, if I were buying a home, why should I have to pay for somebody else termite problem? I never lived there. I did not invite them. So, why pay? On the other hand, if I got the home at a very good deal, I would probably pay for it. It is your decision and hopefully we will not run in to this problem if the seller gladly pays. SECTION 2 are recommendations from the termite inspector of things that will need attention in the future and are not items that has to be taken care of now. Termite inspections are paid through escrow.

11. Time to order your appraisal. An appraisal will be necessary if you are going to finance your purchase, the lender will require it. This is an expense that can not be financed and you will have to pay it upfront either by meeting the appraiser at your future home or by simply writing the check to the appraiser and let me handle it for you.

12. Your loan conditions. When you first got pre-approved, we submitted certain papers to the lender. There might also be additional paperwork they are asking for and whatever that is, now is the time for us to do that.

13. Your home has now been appraised and hopefully, it did appraise. If not, we might need to either re-negotiate with the seller or you might have to come up with a larger down payment, whatever is the case or we might have to look for another home for you.

14. Your loan documents are now ready to be signed and there will also be additional paperwork from escrow to sign, such as hazardous disclosures. We live in earthquake country, there are massive rains sometimes and we get flooded. You might be close to a prison or maybe an airport. These things are hazardous, we all live with them. Escrow wants you to know this, and you already do. When you go to sign all this papers, please bring your cashiers check for the balance of the down payment. Before you do, I will give you an estimated closing statement so that you know how much to bring. There will be an overage, meaning escrow will ask for a little bit more, just in case. We do not want to delay closing escrow because they are a few dollars short (maybe they needed to over-night a package twice).

15. Time for us to do a final inspection of the home. We want to make sure that everything that needed to be taken care of, has been done. We will do a final walk-through together.

16. You are now going to go to your appointment with the park to sign your lease, read and sign the park rules & regulations and pay your space rent and deposit. This takes about 1 ½ hour. If this is in the middle of the month, escrow will pro-rate the space rent. Parks do not take partial payment, only full. The deposit is refundable after paying your space rent on time for 12 consecutive months. You can then, in writing, ask for it back.

17. The loan has now funded, the money has been received by escrow, every single piece of paper has been signed by all parties involved and escrow is now closed. CONGRATULATIONS! YOU ARE NOW A HOME OWNER.

18. I will give you your final closing statement from escrow and possibly a check too, together with the keys to the home, TIME TO START MOVING IN!

Again, congratulations. Let me know when the movers are coming, I want to order you some take-out and something to drink, you are going to be too busy and besides, who has time to cook while moving.

Why Road Frontage on Commercial Property is So Valuable

How many feet of road frontage does the property have?

This question is among the most important when assessing the value of commercially zoned property in a city or county. For some, the reason as to why this question is so important may seem rather obvious. However, there are multiple reasons why investors, developers, builders and business owners want to have large amounts of road frontage on their commercial properties.

For business owners, it is best for them to have their stores located conveniently to their customers. If they are on a main highway or road, they will have great visibility to the traffic going by. This can quite possibly bring customers into their stores that they normally would not see through their normal marketing. Also, a customer new to the location can find the store much more easily when in the line of sight. Visibility on major road frontage is a huge advantage for the business owners and their stores.

Another reason why business owners like to have their stores along major road frontage is because of the ease in which customers can enter and exit the property. If they are forced to drive through large parking lots, wind behind other major stores, and park on a land locked parcel, there is a possibility that the customer would go to a more easily accessible competitor.

Now, this may be pushing it a little, because a business should be able to bring customers in on its own through effective marketing and good business practices. However, it is definitely more pleasant to access a place of business that is right by the road, rather than search your way through parking lots, other businesses, and who knows what else. The easier the access, the more enjoyable the experience is for the customer.

The two main reasons for business owners to have their stores on major road frontage are visibility and ease of access. Let's look at why investors, developers, and builders all want the properties they are involved with to have the greatest amount of road frontage possible.

These three people, investors, developers and builders, are the foundation for commercial real estate. They have the money; they have the vision, and they, ultimately, are responsible for building our communities.

More often than not, these people will choose properties to invest in that have the most amount of road frontage, or create the roads so that the office complexes, retail centers, and strip malls have the visibility and ease of access that business owners look for in a profitable commercial property.

The underlying advantage for these investors to develop and build properties with major road frontage is the fact that these commercial properties, known as out parcels, are far more valuable than the land locked in parcels behind them! The difference between these property values ​​can be quite drastic.

For example, recently I was assessing a 56 acre raw tract of land in Rome, GA. It had over 2,000 feet of road frontage on a major highway! The front of the property was zoned commercial, while the back was zoned multifamily. After speaking with the broker and looking at comps (comparable sales), it was clear that the out parcels would be valued at approximately $ 600,000 an acre developed. (They could be worth more if we were able to get national brand stores on the property). However, those in parcels, without the road frontage, would only be valued at $ 225,000 per acre. This is a $ 375,000 decrease in value simply because those in parcels are a few hundred feet away from the actual highway.

This news greatly cut into my overall profit margin.

Not all cases are this extreme. However, it is always true that an out parcel will be more valuable than an in parcel. That is why investors, developers, and builders all want property with major road frontage. It is simply more valuable!

Business owners and investors alike will gladly choose a property with major road frontage over a land locked parcel, or a parcel with little to no road frontage. Use this important fact when you assess properties and the value that they hold.