Which is a better option for investment? Luxury flats or villas..!!

With the increased economic status, everyone wants to lead a luxurious lifestyle, and a well-designed comfortable home is essential for this. As the real estate market is growing immensely, today's buyers get a lot of options to choose from. And, among so many options, they feel confused about buying a flat or villa. Well, we all wish for a grand villa in a great location in the city. But more often, sky rocketing prices of independent homes in home buyers to look for more cost-effective options i.e. luxurious flats. Yet another group of people, especially young couples and retirees, consider luxury residential apartments as more convenient and safer accommodation. There are pros and cons to either option. So, analyze the major factors that should be considered in this regard.

1) Facilities that come along

An apartment property comes with many additional features, such as parking space, power back-up, security guards, and fire protection mechanisms. On the other hand, to enjoy all these facilities in an independent villa, you will have to spend an additional amount. While living in an apartment, all these facilities come at a low maintenance fee. Thus, many people prefer to buy a luxury flat instead of an independent villa.

2) Maintenance costs                        

Repair and maintenance is a never ending process that begins the moment you live in your new home. The cost of maintaining an independent house can be much higher than that of a flat. When you buy a flat, most maintenance is taken care of by the apartment welfare association. Thus, you do not have to try for repair and maintenance. The couple advances a large number of home buyers to take a luxury flat above a grand villa.

 

3) Mortgage

Although millennial are not afraid to be themselves for years, taking a large loan can have many adverse effects. Remember the money you are paying because the interest on your loan can be used in many ways. Therefore, avoid taking unnecessary amount of home loan. In this regard, we suggest that you opt for a more affordable option, i.e., luxury flats rather than buying a grand villa.

4) Location

When deciding between a villa and a flat, location is an important factor. Generally, villas are built in a suburban location. On the other hand, apartments are usually located in a central location. If you are living a comfortable life with all the amenities in the surrounding area, make sure that you purchase a property which is located in the central business district.

5) Freedom of adaptation

If you are someone whose choice continues to evolve over time, it is better to buy a villa instead of a flat. Independent homes provide freedom of modification with interiors and exteriors. You can easily customize it according to your taste, vision or style trends. But when it comes to apartments, exercising that degree of freedom becomes a bit more challenging. It is difficult to renovate or expand an apartment whereas, with a villa, it is quite straightforward. But changing the interiors of an apartment is in your hands. In addition, most interior designers have a plan ready for the interiors of a luxury flat, which means remodeling for any major interior design, so you don't have to wait for months.

6) In context of investment

Currently, any real estate property can be great for investment. Villas and flats both provide healthy options for passive and active income generation. But flats offer a better option to rent or lease for a longer period due to their high demand. Conversely, renting a villa is difficult because it is difficult to maintain. Also, for renters, it is difficult to afford the additional amount spent on security.

When it comes to reselling, flats can be sold more quickly. Conversely, to sell a villa, you may have to wait for years.

Both apartments and villas have their fair share of advantages and disadvantages. But if you prefer a classy lifestyle in an entire social setting, then flats is a better option. Additional amenities that come with a flat are one of the major reasons for preferring it over a villa. Also, it requires low maintenance costs. Also, from an investment point of view, it is a better option as it can be rented and sold easily.

Bachelor's Faced Challenges While Looking to Rent a Flat

For most of us, bachelorhood is probably the best phase of life. Ultimately, we are free from major responsibilities. In addition, we get freedom to spend our time and money. But there are many challenges in the lives of single people. While there are hundreds of apartments available for rent in every city of India, finding suitable accommodation is one of the most difficult parts of living as a graduate.

Many landlords in India feel that singles have a tendency to remain unwell and rent a flat for them can be detrimental to property. In addition, there is a common bias about landlords that single men and women have a tendency to booze, party, and listen to loud music, which in turn creates a problem for others in society.

1) Higher rent

While the rent of a flat should be the same for a family or graduate, the fact is that a graduate has to pay more rent. Landlords feel that if they are renting their house to a single man / woman, they are allowing them to misuse their premises. Thus, they charge a higher amount to meet the maintenance fee. Another reason that makes landlords more expensive is that graduates change their housing more often. Therefore, they have to find a new tenant every time.

2) Huge deposits

The fact that unmarried people change their accommodation very often is like a nightmare for landlords. Thus, they want them to pay a large deposit for their house. By keeping a security deposit with them, the landlord ensures that tenants will not leave their flat without serving notice period.

3) Restriction on food habits

Many times, single occupants fail to find a flat due to following a specific eating habit. While this sounds ridiculous, it is true that landlords question their family background, race, and many frivolous questions about whether they eat non-vegetarian food, smoke or drink. While many landowners avoid renting non-vegetarian people, another broad-minded people tell them not to use the kitchen for cooking.

4) Enquiry

If you are a single man or woman, landlords can ask you hundreds of questions about their personal lives to ensure that you are fit to live in their home. The many questions that a landlord may ask you can include whether you have a boyfriend or girlfriend, will you bring your friends home often, etc. The landlord may be prohibited from being a guest, listening to music, or coming to the flat at the time of mugging.

5) Deep-rooted biased

If you are looking for rented accommodation, then you should work on your looks. Landlords can judge you for tattoos, ripped jeans, very short hair, spikes and other fashion trends. You should look well cultured and cultured.

Today, single rent hunting games are being lost due to the conservative vision of the landlords. So, if you are looking for a single male / female flat, make sure that you be patient while searching for your accommodation. Alternatively, you can take help from a real estate company that will offer stylish, serviced and well maintained flats for a single man / woman.

How You Know About House Is Perfect Or Not For Your Spouse

Buying a new home is always exciting; however, it can also be scary if you don't dig all the necessary information before putting that deposit down. Therefore, keeping in mind some points below, buy a new house that will guide you what you should try to get a newly built apartment in every city of India, if you are hunting it with your spouse.

1. Know Your Primary: You have to find all the important things that you want in your house. For this, you can make a list of all the items that are really important to you and others that are not necessary. Once you know your priorities, you'll be able to do a search and you don't have to wander from columns to posts. Place your preferences in a paper like location of your home such as 3 BHK, 4 BHK, etc., where you want to live, budget and so on.

2. Sharing Ownership: Talk to your partner about how you will share ownership of the property. There are two types of options that you can consider:

a. Joint tenant: You both have equal rights to share the entire property.

b. Tenants in common: You both own a part of the property.

Therefore, you need to interact with each other and after mutual understanding, choose the best option that suits you.

3. Check Credit: Whether you are buying a car or a home, the bank first checks the credit score. Therefore, you should check the credit score of both so that you can take important decisions to obtain mortgage approval. Today, there are many ways to know the credit score, here you just need to enter a little information about yourself and the platforms display the CIBIL score. After knowing the credit score, reach the bank for a home loan and get the house of your dreams.

4. Find the right cost: Before starting your search, find out the expenses you can face to buy your dream home. In addition to the initial cost, find out what other types of expenses you may have when acquiring that home.

5. Watch for financial help: Look for financial options so that you do not face any issues while buying your dream home. Find out if you are qualified enough to get a bank loan and if yes, you can start looking for your ideal home.

6. Joint Mortgage: When you apply for a joint mortgage, both credit reports will also be linked. In this way, the lender will be able to view your credit history and allow you to take a mortgage.

7. Make an exit plan: Most people buy only one house with their partner without thinking so that this partnership does not last long. If one of them dies, an exit plan can save your valuable time and save you from troubles.

Owning a house is always exciting and people try a lot to get a dream home. If you are buying a house with your partner then there are some special things that you have to keep in your mind. The above points will help you understand what steps should be taken and what you should not do. There is no need that a partner is your spouse, it can be brother, father, mother or someone else. Therefore, check all the above points and decide wisely.

Things should know about before BUY or RENT house for student…!!!

Student housing is the new thing which is becoming popular day by day. We all like to live in nice and comfortable accommodation. Many students usually move from their home town to big cities to pursue higher education or to pursue a career. Thus, student housing is becoming popular these days. There are many things that are demanding such accommodation for students and working professionals.

We start learning from the time of our birth and this process of learning keeps us alive as long as we are alive. According to research, a common man spends about half of his life learning new things.

When we are born, we start learning in our homes and then we join educational institutions like schools, colleges to learn more about various things. To study further or find a job, students move to new cities or countries and that is why they need best accommodation.

Major cities in India provide many education and job opportunities for students and working people. Therefore, the demand for rental space like PG, hostels, single apartments etc. is increasing very much today. Not even in India but worldwide there is a high demand for such rental housing. Finding a home is the first and foremost concern for those who are relocating to new places. Previously, it was difficult to find accommodation because we knocked on every single door in an area to find a flat or apartment. But now, the internet has become a single solution as we can find many accommodations with their photographs and other details for further processing.

Students can find different types of accommodation according to their needs as well as their budget. Most universities and colleges enable students to stay in their hostels. In addition, you can stay in PG or rent a flat where you can share your rooms with your friends and save money. So, you need to plan your stay, and then start hunting for a rental accommodation meeting with your needs. With the increasing demand for such housing, many people have converted their properties for rent a flat and apartments. To attract tenants, they provide many facilities so that students can contact them and stay there.

According to expert real estate investors, such housing is very profitable and gives high return on investment. Student housing is growing rapidly in the real estate sector and investors are sure of their faithful returns. The trend of converting a house into a flat or apartment is getting bigger and that is why you can find such rental accommodation options in every city corner. And its demand will increase continuously in the near future.

Student housing is the new term in the real estate market. Those who migrate to new cities seek rental accommodation meeting their needs as well as budget for the first time. They ensure that the apartment should be filled with all the important facilities and should be available under their budget. To find a suitable and comfortable apartment in every city, it is advisable to check online first, where you can get enough accommodation options and pick the right one.

Simple Tips to Buy Earthquake Proof Flat

Earthquakes are considered to be the most dangerous natural disaster that causes mass destruction. In the past, we have seen many countries committing suicide due to this natural disaster as a massive death as well as mass destruction of properties. To protect your family from such devastating situations, you should buy an earthquake resistant apartment or house.

You will be surprised to know that earthquakes are the most vulnerable buildings in our country. In December 2014, the Supreme Court of India passed clear instructions on earthquake safety through a PIL. It states that all multi-storied buildings over five storey's should have an engraved metal plate mentioning the building's anti-earthquake range. But despite this, real estate developers have failed to maintain a high level of transparency in this regard.

Therefore, if you want to buy earthquake-resistant flats, you need to be cautious. In this regard, here, we have shared some useful tips.

Check the location - About 54 percent of the land in India is at high risk of earthquake. The National Center for Seismology has divided the entire country into five zones, namely, zones 1, 2, 3, 4, and 5. While Zone 5 areas are susceptible to high-intensity earthquakes, areas under Zone 1 are the safest. The entire northeastern region, the Himalayan region and the eastern and western parts of India are located in a high seismic zone. Therefore, if you live in these areas, make sure that your house or apartment is designed to withstand earthquakes with a minimum force of 7.

Inspect the structure of the house- Despite the strict provisions by the government for the construction of earthquake resistant houses; most buildings in India do not follow the prescribed techniques for earthquake resistant construction. To find out if your house is earthquake resistant, it is best to hire a civil engineer.

Look for an earthquake-resistant foundation - An anti-earthquake house is one that has a solid foundation. Ideally, the foundation of the building should be raised above the earth to resist ground forces. The foundation must include a bolt. And, the foundation should be built on a flexible pad made of steel, rubber and lead. This ensures that during an earthquake, isolators vibrate while the structure remains stable.

Find out if the house is made of earthquake-resistant material or not — usually houses are made of stacked bricks that are laid with mortar. But such construction does not ensure earthquake protection. Civil engineering experts suggest that the most dangerous structures are constructions with concrete blocks or unconfined bricks. Ideally, if your area is prone to earthquakes, the walls of your house should be made of concrete and wood. And, if your area is at high risk of earthquake, make sure the walls of your future house are reinforced through additional concrete or steel slabs.