Showing posts with label residential. Show all posts
Showing posts with label residential. Show all posts

Thursday, June 18, 2020

Surprising truth about villas you may not have known before...!

Villas were originally houses that belonged to the upper echelons of Rome. In ancient times, they belonged to the kings and nobles of Rome. These houses were designed to provide all the creature comforts to the inhabitants. After the fall of the Roman Republic, the royal villa was reused as a monastery. During the middle Ages, villas were large country houses, consisting of vast farms all around. Over time, villas became the first choice worldwide and their designs evolved greatly. In modern practice, villas can be referred to different types of homes, but the basic concept is still the same, namely, well-designed independent houses with open spaces at all locations. Unlike their traditional counterparts, modern villas do away with intricate designs, high ceilings and broad columns, but luxury is still the major focus.

Whereas a few years ago, most house buyers preferred to buy flats due to low capital investment and high security, today people's choice has changed. Now, they prefer to buy villas as they are a good option for exclusive, spacious and long term investment. But many people still feel doubtful about buying a villa because they take into account many misconceptions. In this blog, we have discussed some great truths about villas.

1. Reasonable

While we often think that a villa is a highly expensive option, it is not. You can buy an affordable villa in a suburban location and it will cost you approximately the same amount that would be required to buy a 3BHK apartment in the city center. The best thing is that the former option is much better because it will become the property of your family. But ownership of an apartment only lasts for 60 to 100 years.

2. More amenities than apartments

Many of us think that staying in a villa is not a good option because unlike apartments, one does not get all the community services like clubhouse, swimming pool, yoga center and gym. But if you like all these benefits, you can buy a villa in an integrated township project or gated community. The best thing is that it will cost less than an independent standalone villa.

3. You can enjoy living a community

While many feel that apartments provide an opportunity to socialize more, the fact is that as many people are living in the same building, people feel claustrophobic and tend to live more isolated. Conversely, by staying in a villa, you get to socialize with limited families, but they are of a similar class. Therefore, there is more scope for a healthy relationship.

4. Enjoy the lifestyle of your dreams

When you buy a villa, you get space for everything from terraced gardens to your king-size bedroom, gym. It comes with the freedom to design and redesign your space as you wish. In addition, you can upgrade it according to the needs of the developed family. Also, you don't need to get society's permission for petty things like petting an animal and parking your friend's car.

5. Complete Privacy

Staying in the villa comes with complete privacy. You don't have to worry about the neighbor listening to all your family conversations from next door. Also, when you are in a destructive mood, you do not need to confront a troubled person. And, in addition to all this, you can give wings to your hobbies such as playing music and dancing without fear of disturbing your neighbors.

Luxury villas are a great way to ensure that you have the space to live the life of your choice. A luxury holiday villa is a great way to enjoy private life while escaping the bustle of the city. At the same time, it provides an opportunity to socialize with your limited neighbors. When you live in a villa, it appears that there is endless variety of things.

Wednesday, June 3, 2020

Residential vs Commercial Property: Which Should You Choose for Investment?


Residential and commercial properties have certain properties and demerits. Residential properties are used for personal purpose as well as long-term investment, while commercial properties are good for achieving high rental returns. However, they may be more expensive than the former. So, what would be the best for investing and generating high returns? Let us know the answer to this question in this article.

Good rental income: People who believe in investing in real estate always think of generating high returns from it. Commercial properties such as office buildings, warehouses, industrial units and retail spaces are great for making some rental money. Similarly, you can rent your residential property to earn some extra income. It has always been found that commercial properties are always good in terms of making some passive income rather than residential properties, especially during a recession. According to research, you can earn 1-2 percent of rental income through residential properties while commercial property provides you up to 5 percent of rental income. With the increasing development of residential units, the rental market is losing its charm which is reducing the annual profit.

When investing in commercial property it is advisable to examine all aspects such as current leasing environment, clearance, legality and distance from complementary industries. Whereas you should consider some important facts about the residential property that you want to get as its neighborhood, surroundings, and infrastructure and neighborhood property prices. These factors will help you generate a good rental income through investing in the real estate sector.

Risk Factor: Commercial and residential properties that are leased out, asking to tax the income of the property. The risk of investment is always higher in the case of residential properties as they are leased for shorter terms of lease and bring higher maintenance and maintenance costs. Whereas commercial properties provide continuous and long-term rental income. If a commercial property falls under Grade A, there is a possibility that it will generate more rental income than investment in residential properties. Commercial property always gives good rental income on investment unless it is in high demand where operating expenses are at a minimum.

It would be nice if you hire a professional property manager who can help you and help you manage everyday affairs and reduce expenses. However, it can cut down on income from your property. In addition, you will need a larger amount to pay in advance than residential property.

Development Scenario: According to reports, India's first Real Estate Investment Trust (REIT) will give better returns to property buyers and investors, while residential sector will be the first choice of the people. The market was believed to be sluggish, but after the introduction of the Real Estate (Regulation and Development) Act (RERA), and the Goods and Services Tax (GST), the market would again retain its position.

And there will be demand for commercial market after sector for investors. Before making any investment such as its location, size of investment and duration of investment, make sure you go through all aspects of the property.