Just Answers - Real Estate

The value of the real estate you own, whether it is your personal residence or an investment property, is critical to your mortgage and fi

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

nancial success. If the balance on your mortgage is close to or higher than the value of your property, your real estate is not the finan

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

cial machine it should be. Therefore, if you want to be successful in real estate ownership of any kind, you absolutely must know how to

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

determine the value of your property.

Now, there may appear to be a simple solution to this problem, you say. Get an appraisal. Sure, t

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

is would work, but appraisals are not cheap. For residential property, they begin around $175 and range to $400. For investment real est

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ate, they can be much higher. Imagine owning 25 houses and needing to know the value for each. You certainly wouldn’t want to pay for 25

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

appraisals. So, here is a simple formula for learning the value of your property.

1. Learn the average rate of appreciation in the nei

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ghborhood where the real estate is located. Almost any property will increase in value two to three percent each year, even in depressed

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

reas. So, if your rate of appreciation is three percent and you paid $100,000 last year for your house, it is now worth at least $103,000

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

, based solely on appreciation. You can learn this rate by calling a local realtor. Remember, in affluent neighborhoods, appreciation ra

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

tes may range from four to eight percent.

2. Estimate the value of any improvements, using a ratio formula. That is, if you improve the

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

structure of the property (new roof, deck, automatic garage doors, windows, etc.), all for about 30 to 40 percent of what you paid for th

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

improvement. Now, this is a variable, depending on location, so don’t take this as an absolute. So, last year I put all new windows in

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

my house. It cost $10,000. I assume I can add $3,000 to $4,000 in value to my house. Cut that ratio to 15 percent for cosmetic improvem

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ents like paint, carpeting and landscaping.

3. Know comparable sales within one mile and within the last year. For example, if a house

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

one block away that is almost identical to yours in dimension and style sold last month for $150,000, this is a great starting ground for

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

our value. Now, remember your home may have things the other house didn’t have, increasing your value even more.

4. Other home’s asking

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

price plays a small role. Realtors know their business. If you see a comparable home in the neighborhood, being sold by a realtor, chec

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

k the listing price. Although not nearly as important as the other parts of the formula, this certainly plays a role in determining the v

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

alue of your property.

So, use this formula, learn the value of your real estate, and you will wield an amazing amount of financial power

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Compounding is interest earning interest and it is powerful because as the interest that is earned by the initial capital also earns interest, the value of the account grows at a geometric (ever-increasing) rate, rather than an arithmetic (straight-line) rate.

Finding a good home in the best of the North Carolina's small towns might seem a daunting task, if only because there are so many good, small communities out there with beautiful landscapes and top notch living arrangements.

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