Don’t Forget to Inspect New Homes Carefully

Why you must inspect new homes carefully?

Well, if you think that by deciding and finalizing on the property location, you have won the battle, you are wrong! As you need to make sure that you get a fair deal and for that you need to carefully inspect your new home from different permutations and combinations.

There are some people who make the mistake of thinking that there is nothing to worry about as they are purchasing a new home. Well there are many areas which need to be looked upon quite carefully and as minutely as possible. Things such as home’s framing, roof of the house, or internal electrical systems etc should be checked well in the case of new homes.

Here, we are presenting a small list of things that you surely need to inspect, so that you can be sure of making all the right moves and in the right direction as well.

Who is building your real estate?

This is the first and quite important thing to ask when you are looking at new homes.  Answering this question on who was in charge of building the property you are interested in, can deliver a lot of information in itself. You can look for the builder reputation and also possibly check some of his other properties that are already occupied. All this will give you a fair amount of idea, as to what exactly is in the offering for you in this deal.

What about the building material, climate surrounding?

This is another important thing to understand while looking at new homes. You must ask specific questions about materials used in the framing, foundation, roof, and interior walls. Do your research to find out if the materials used are the right kind of materials to last a long time in your environment.

There are zones where there is more sulphur in the air. Usually, air conditioning etc do not perform optimally in such situations. If it is known to you, you would be able to make arrangements beforehand, rather than understanding it while you live the problems.

Also it is important for you to understand the precipitation of your area of housing. Depending on the kind of precipitation you can expect in your area, some roofing materials will surely perform much better than others. And yes, as you would want your home to last long, it has to be built with material that is best suited to that locality and climate. It is also very important for you to understand whether you home is being built on a seismic zone. Seismic zones are usually prone to stronger vibrations during earthquakes.

For More Information Call us at +91-8377005039

How to Make Big Money from Real Estate

How to Make Big Money from Real Estate

Whether you are an entrepreneur or a working professional, a businessman or a salaried person, today you have a great chance to earn big money while investing in the real estate segment. It is one of the few areas where there can never be a negative growth and hence the opportunities are immense, but you need to tread on this investment path very carefully. We are presenting some tips on our own, read on.

The concept of Appreciation

It is opined by many real estate experts that the most common source for real estate profitability and prosperity is the appreciation of the real estate value. This is defined as the increase in the value of the property that a user has bought in. Appreciation can be achieved in different ways for different types of real estate segments.

Raw Land, Always On

Raw land is always important and has always been the source of wealth creation as it is in demand everywhere and gives great foundation for building real estate projects. It is important to note that it is the great source of appreciation for undeveloped land is, of course, developing it. As geographical boundaries of cities expand, land outside the limits becomes more and more valuable because of the potential for it to be purchased by developers. Then developers build houses that raise that value even further.

And yes, appreciation in raw land can also come as a big surprise from great discoveries. These discoveries can be of great wealth in the form of valuable minerals or materials, provided that the buyer holds the rights. Today, appreciation is also being experienced along the way of big infrastructure projects such as Delhi Metro or creation of IT parks or educational institutes etc. All these factors fan the demand for better living standards and hence, growth of real estate happens around these corners in a better manner.

Residential Real Estate

When people are looking for residential use of real estate, location often plays the most important part in their selection process and hence, creates a big impact on appreciation as well. As the nooks and corners or the neighborhood around a residential project evolves, emergence of schools, shopping centers, transit routes, parks, stadiums and so on, the value of the project and the locality also moves up.

Additionally, residential improvements can also speed up the process for real estate appreciation, and this is something a property owner can directly control. Putting in a new garden, or bathroom, remodeling to an open concept kitchen are just some of the ways a property owner may try to increase the value of a home, almost instantly. Many of these procedures have been refined to high-return fixes by property movers who specialize in adding value to a home in a short time and helping people in terms of making more money in a short span of time.

Finally

We have presented you some of the most trusted and verified ways and means to increase the value of your property and create better chance of wealth creation in a shorter span of time. As far as Delhi and the NCR region is concerned, today is surely the time when there are a great deal of chances in terms of residential projects that are ideally poised to deliver better and bigger returns on your real estate investment.

5 Critical Mistakes people make when Buying a Home, How You Can Avoid Them?

Critical Homebuyer Mistakes and How You Can Avoid Them?

Buying a home is a great dream that many of us have. However, it is always advisable to move cautiously and do not make mistakes while you go for buying your dream house. Here are a few tips from our side.

Buying a Bigger House than you need and afford!

It is good that you want to have that extra space for your home, but one should always keep in mind the affordability factor while looking for such long time investments. Hence it is always advisable that you settle for something which you and your family can easily afford for a loner time period. Remember that it is you have has to pay the EMIs to the bank, so it is always better that you fully understand your financial boundaries and freedom as well as limitations.

There is no need for you to unknowingly “open the door” to dark future and embarrassment by getting a home loan that you cannot afford on a long term. We recommend that you settle for a nice and comfortable property that is just ideal for you, financially as well.

Thinking “short-term”!

As most of the experts in the trade believe, investment in property is always a long term plan, hence there is no need for you to look for short term gains.

You should never think on a short term basis. Life should be taken seriously and always given a long shot, towards your big goals. Hence, look for long term prospects while settling in for real estate investment.

Are you waiting for the “bubble”?

This is unfortunate and another wrong thought. There are people who wrongly prefer to wait and see the bubble burst. This is surely not advisable. Hot markets come and go, similarly, cold markets come and go. Markets become over-priced, then over-time become under-valued. If you are waiting for a severe correction in real estate prices, then it is not a good idea, because you might be waiting a long time.

The best time to buy a good real estate is always when you are in good shape, both physiologically as well as financially. This means that you need to seriously look at making such investment ideally while you have a stable job and when you do not have any major liabilities on your pocket.

Selection of a real estate agent

This is a very important and an integral part of your real estate investment deal. It is always better that you go with an agent as it a safe way to make sure that you go get a transparent and completely organised way to complete the real estate acquisition process. However, you surely need to check the credentials of the investment agent before signing him on assignment.

You must contact different agents in order to make sure that you are getting the best. Ask questions and then trust your instincts as to which agent is the best one for you.

Overlooking Location

This is another important mistake that people do. One has to always remember that location of a property is one of the most important criterion for selection. Hence it is always advisable for you to clearly look at the location factor and ask some of the below questions to yourself.

How far is the property from schools, shopping complexes? Is there a medical center or hospital nearby? Is there any metro station close to the property? Answering these, would surely give you a clear idea about the positivity about the location of such properties.