Upsides of Buying Your First Property as an Investment

Just finished college and started a job with handsome salary? What is it you are going to do next. Probably buying a nice car and a home of your own. But have you ever thought of making an investment at this age? While most of us think that it is really risky to make a property investment at this age, it can be a great way to improve your investment portfolio at a later stage.Upsides of Buying Your First Home as an Investment PropertyGiven below are few reasons why your first property should be used as an investment:

Ample Opportunity- Now is always the right time to start. At present, you have ample opportunity to invest in real estate. The market trends are going upwards. In the future, things are going to change only for the better. Builders are also coming up with discounts to make property investment easier for the first time home buyers. You never know whether you are going to get these discounts and offers in the future. You cannot even be sure about your financial condition later. So now is the right time to invest in real estate. [Read more…]

6 Must-Have Furniture for First-Time Homebuyers

Buying your first home is a blissful feeling. You have a lot to look forward to so that your new home reflects a piece of your own personality. Although you might have numerous ideas in mind related to the decor of your brand new home, one of the most important point to be considered is the furniture.6 Must-Have Furniture for First-Time Homebuyers

Here is a list of must-have furniture for your new home:

Sofa Set- A nice stylish Sofa Set is a must for your living room. Sofa comes in different sizes, shapes and ranges from ultra-expensive to affordable. Define your budget and choose the perfect one you can afford. Hardwood material is the best. Choose a durable fabric for upholstery. Picture the length of armrest, number of cushions, style, etc. in your mind before going to purchase.

Bed- After a long day in office, you will fall in the lap of your bed and relax. So buy a bed that lasts a lifetime. It should be firm and comfortable. The smoothness of bedding and duvets also matters a lot.

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Reasons to Invest in Assured Return Scheme

Assured return scheme is one of the most popular concepts in the commercial real estate market, nowadays. It is a way to encourage the investors to put their money in a commercial property. Most of us either do not have enough funds to afford a commercial project or are averse due to the risks involved. However, with assured return scheme one can enjoy the benefit of the growth of his investment along with a monthly return that starts from day 1.Reasons to Invest in Assured Return Scheme

What is an Assured return scheme:- As the name suggests, an assured return scheme is one wherein the developer pays a monthly return to the buyer based on the amount of his investment at a predetermined rate. The rates may vary from 9% to 12% according to the location, builder’s preferences and the construction stage of the property. The concept is usually popular with commercial properties such as office spaces, malls, IT parks, etc., but is gradually gaining popularity in the residential property market as well.

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Reasons Why You Should Buy Property through a Real Estate Agent

Buying a home is one of the most important financial transactions you will ever make in your life. Hiring a trained and experienced realtor who has market expertise is the logical and smart choice in today’s busy world and fast paced market. In the capable hands of an experienced and well-versed agent, you can be sure to get your money’s worth. Having a pro can save you’re your money and definitely your time. You can find your dream property through a realtor because he will guide you right from the beginning to the end.Reasons Why You Should Buy Property through a Real Estate Agent

The consultant will help you take the right decision giving you property related advice such as: [Read more…]

Why should you invest in Indian smart cities

Real estate will prove a good investment option and it also scores over gold as an investment option by a long shot. The ‘Smart Cities’ concept has been given a great push by the government and it has decided to fund 100 smart cities all over India.‘Smart Cities’ in itself has become an autonomous system. It is a fully loaded entity which will have expansive green landscape, immaculate architecture and an exhaustive line up of world class amenities. The housing according to the government will be for all i.e. affordable.
Why should you invest in Indian smart cities [Read more…]

Financial Implication: Under Construction vs Ready to Move in

One of the main questions that confuses a first-time home-buyer is whether he should buy a home in a ready-to-move-in project or make a booking in an under-construction project. Both the options have their own pros and cons.
Financial Implication: Under Construction vs Ready to Move inAs the name suggests, an under-construction property is one that is still in the development process and is not fit for immediate move in. The main issue related to the under construction property is the delay in completion of the project. The project may be delayed due to any reason, the most prevalent are those related to financial consequences and litigation issues. In case of ready to move in properties, you do not have to suffer the risk of delay. You get immediate value for money. [Read more…]

All You Need to Know about Investing at a Young Age

Are you thinking of making an investment but doubt that you are too young to do that? May be it’s time to give it a second thought. Real estate is one of the most preferred sectors where you can put your hard-earned money. Most of us think that we are not mature enough to make an investment. However, the younger you are while making your first investment, the more wealth you build for yourself.All You Need to Know about Investing at a Young AgeEven if you are only 27, you should start believing that the ‘old’ you is slowly creeping up. And it is only in this young age that you shoot for the stars. Though you have a lower disposable income at this age, a proper planning will surely help you achieve success.

Given below are a few points you should keep in mind before making a property investment at a young age: [Read more…]

How to Choose a Good Real Estate Agent?

How to Choose a Good Real Estate Agent?Real estate agents are the people on the front lines of the market and act as intermediaries between the buyers and sellers. They help the buyers get the best deal according to their budget and requirements. If you are making a property investment for the first time, taking help of an agent is highly recommended. Agents are qualified in their line of work and can offer professional insight to help you grab the best deal.

However, advertisements and billboards do not speak of the authenticity of an agent. You need to create your own checklist to choose the perfect agent. Whether it is for buying a property or selling it, trust and rapport are the two main factors.

Here are a few qualities you should look in your real estate agent: [Read more…]

Buying Vs Renting: What should you go for?

Buying Vs Renting: What should you go for?

All of us want to have a house of our own. But given that a property purchase is a costly affair, not all of us can afford it. However, there are varying opinions on whether to rent a house or to buy one. Some believe that renting is a total waste of money which could be saved and utilized to finance a property purchase. On the other hand, some believe that renting opens the doors to more options in terms of location, type and proximity to the workplace.

The first and foremost advantage of home buying is asset creation. When you buy a house, you add an asset to your wealth portfolio which would also give excellent returns after 10-15 years. Owning a house brings stability to your life which is really important after you settle down with your family. On the other hand, renting provides one of the biggest advantages an own-home cannot offer i.e., flexibility. If you are in the initial stages of your career, renting is a viable option as you can change your house as per the needs of your changing lifestyle. [Read more…]

How to choose the best payment plan?

How to choose the best payment plan?Property purchase is one of the major financial decision of an individual’s life. To make it less burdensome for the buyers, the developers have come up with innovative payment plans. But every plan has its own terms and conditions; its own advantages and disadvantages.

To get a better idea as to which real estate payment plan is best suited for you according to your financial condition and other requirements, let us analyze the plans in some details:

Down Payment Plan (DP)- As the name suggests, the Down Payment Plan requires you to pay a major part of the amount at the time of booking. It is good for entrepreneurs and businessmen or those who have enough saving to pay a major amount upfront. This plan, however, is not very safe in case the project is delayed. Since you would have paid a considerable amount, recovering it from the developer can be a frustrating affair. Given the risks involved, developers also offer higher rates of discounts on Down Payment Plan. [Read more…]