Buying a Commercial Property That Guarantee Success and Prosperity

The real estate market in India has grown by leaps and bounds since the implementation of RERA, Smart City Mission and Start-up India Mission. These schemes created high demand for commercial establishments. As the Indian population is growing rapidly, the demand for commercial real estate will never decrease. Therefore, investing in commercial properties can help you achieve a higher return on investment. Okay, investing in a commercial real estate can be a bit scary because you need to invest more money. But with a few simple tips in mind, you can invest in a property that will help you emerge successfully.

1. Research the market

Before investing in real estate, you need to pay attention to market trends. Also find out what kind of qualities are in high demand. Before deciding on what to buy, you need to analyze the scope of future development in the regions.

Buying a property in a developing area is much better than buying a property in a well-established location. The former choice is cheaper and it gives you a higher return on investment.

2. Consult a financial expert

When you have no prior experience in this area, it can be difficult to estimate the exact cost of purchasing a commercial actual. Therefore, before purchasing a property, you should consult a financial advisor and plan your budget accordingly. Tax implications can be complex to analyze in a real estate transaction.

3. Analyze your financial situation

Before investing in a commercial establishment, you should analyze your financial situation. Make sure you will be comfortable paying its EMI, even if there is no rental income from the property. Also, before purchasing a property, you should analyze the scope of income from it. In addition, you should also calculate the risks involved in the entire business.

4. Plan your layout well

Whether you are building an office space, shop, mall, or simply renovating it, the layout has a big impact on operational efficiency. This will directly affect your scope of making money by rent or reseller. Therefore, you should prepare a smart plan to refurbish or design the property. Seek the help of an architect if needed.

5. Choose the right builder

You should always buy a commercial property from a reputable builder. Therefore, does a background check of the builder and take a review from those who have purchased the property from the builder. Also, make sure the builder is specialized in the field. The history of a builder should also be considered in the context of the completion of the project.

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.

You should consider carefully before renting a new flat with your children...

Renting is an excellent solution to live a peaceful and comfortable life without spending large amounts of capital. Although moving to a new home can be exciting, you need to make your choice more carefully to avoid many problems in the future. If you have children, your rental decision should include many important factors so that your younger people can live their lives to the fullest. While searching for an apartment for you and your children, you may come across a landlord or two who will inform you of the ban on children. There may be some restrictions for their safety, but others often pressurize them to avoid sports and socializing. Well, you need to avoid such foolish landlords who will act like a monopolistic dictator for your children. In this writing, we have shared some important factors that have to be considered before renting a flat with your children.

1- Set your budget

This is the most important consideration that you should do before searching for a rented house. Ideally, your house rent should not exceed 10% of your monthly income. But this should not be the only consideration when choosing a budget for your rented flat. Rather, you should calculate the total expenses including utility services, insurance fees and taxes before allocating a fair share of the money to be deposited at home.

2. Search the right way

Finding online flats for your children can be difficult because you, not every owner or agent, openly states the level of child friendliness on websites. But still, the real estate portal is a good place to start your property search. Many reputed real estate portals offer classified options for child-friendly independent apartments for rent in any area of any city. Advertisements on these websites usually provide contact details of the agent or owner. You can contact the person concerned to book a home inspection schedule. 

3. Check the features

Living with their children follows a long list of needs. Thus, you need to set your priorities and write them on a piece of paper. You may need a home that is close to school or workplace and has child-friendly policies. Ensure that the apartment has all the basic facilities like water and electricity. Also, find out society's provision for safety so that your children are safe at home, even if you are out for work.

4. Rental Agreement

Most of us sign an agreement before reading it well. But this should be avoided in the case of a lease agreement as the success of your kidney period depends on it. In addition, the rental agreement will serve as a valid proof at the time of any dispute with the landlord  or other tenants. The agreement will provide information about the start and end date of the rental agreement. In addition, it will provide information about rental prices in society, rules to follow, and the reasons why your landlord may terminate your lease contract.

Do not let your eagerness to find a rented flat for your children result in poor judgment. There is nothing worse than finding a flat that would be unsafe and inappropriate for your younger people. Therefore, after checking the facilities required for the good of your family, make this decision carefully. And, make sure you get a property that comes with child friendly policies.