Buying to Rent Out? Here is All You Need to Know

It may be common knowledge that buying rental property can be one of the fastest and secure ways of building up serious wealth- but the ‘how to’ knowledge is not so common. The process or steps to buying rental properties are not so different from that of buying your own home, just a few differences. Nowadays, the legal rights of tenants have been made quite explicit, so as a landlord, you must also know your rights. But, first of all, you need to invest in the right type of home.

Buying to Rent Out? Here is All You Need to Know

Buying to Rent Out? Here is All You Need to Know

Step One- Do your homework before going in for the dotted line.

As soon as you have decided to buy property for rent, don’t think of the décor or paint, there are other important factors which you have to consider.

  • What kind of investment you want to buy?

  • How much can you afford to spend?

  • What kind of a neighborhood would you like to invest in?

  • What is the average rent in your area?

  • What kind of return on investment you want to make?

Doing your homework right is important. [Read more…]

Signs That a Suburb is going to See Impressive Value Appreciation

Investors always want to be the one to find the new up and coming suburb before it booms. But what are the signs to look out for? There is no better feeling than watching the value of your property skyrocket, and while some commentators look for falling vendor discounts or reduced rental vacancies, these figures aren’t readily available. There are far simpler ways to work out if your suburb is about to experience a price boom.

Signs That a Suburb is going to See Impressive Value Appreciation

Signs That a Suburb is going to See Impressive Value Appreciation

Neighboring Suburbs are in Hot Demand- The property market often experiences the ‘ripple effect’. As prices rise in one area, neighboring suburbs offer better value so demand rises in these localities often pushing up prices. If the ‘sold’ sticker is rapidly going up across homes in the neighboring towns, chances are your suburb could experience the outwards ripple of growing prices. It is a clear sign that this suburb is right for you. [Read more…]

Should You Live A Rented Life After Retirement?

Nationwide, it makes more financial sense to buy a home than rent. But it gets a little more complicated for those in their golden years. Retirees also need to decide whether they want to leave an inheritance behind, this is an important factor that helps them choose between renting and buying. It is obvious that including property in your retirement plan is a good idea. But if a retiree does not want to pass on an inheritance then it is always more advisable and cheaper to rent than to buy.

Should You Live A Rented Life After Retirement?

Should You Live A Rented Life After Retirement?

Building equity is one of the important factors that favor buying. If you plan to leave it to your family then buying is the sensible thing to do, but if you are not concerned about the value of equity then renting is the better option. [Read more…]

Real Estate Investment: Stages of the Buying and Selling Cycle 

Most real estate investing strategies are focused on forced appreciation to generate lump sums of cash (fix-flip, short sales, foreclosures) and others focus on cash flow (mobile homes, low end rentals, class C Apartment buildings). While building cash reserves and having cash flows are important, they will not lead you to building significant wealth over a period of time. Real wealth is only created through strategies that harness the power of compounding.

Real Estate Investment: Stages of the Buying and Selling Cycle 

Real Estate Investment: Stages of the Buying and Selling Cycle

Banks know this but for real estate investors, the only strategy that can put compounding to work is buying income property at the bottom of the real estate cycle, when it is available below replacement cost and selling at or near the peak of the cycle, while trading far above the replacement cost. In order to build the right property investment portfolio, you must be well-versed with the stages of buying and selling. [Read more…]

Panvel- The New Investment Hub in Navi Mumbai

Panvel is, presently, the most improved area around all the hubs of Navi Mumbai. It is located along a passageway which is seeing a lot of development and thus it is turning from a second home destination into a realty hub, and one of the most affordable places to invest in Navi Mumbai. It is on the outskirts of Mumbai and offers several advantages for home seekers- good connectivity, several upcoming infrastructure projects, green surroundings and above all affordable prices.

Panvel- The New Investment Hub in Navi Mumbai

Panvel- The New Investment Hub in Navi Mumbai

Panvel’s residential market witnessed a spurt after the announcement of the international airport in Navi Mumbai in 2010. The region has residential options, right from affordable units to studio apartments, to one, two, three bedrooms apartments with lifestyle amenities. There are also bungalows, plots, villas and projects that cater to the luxury segment. [Read more…]

Pune Real Estate: Wagholi Rising as a Residential Investment Hub

Wagholi in the Eastern Pune is emerging as a residential investment hub. It is reckoned as a promising residential and commercial destination. Living and working in Wagholi is becoming a trend in Pune. Many renowned real estate developers of Pune are taking Wagholi as hot Residential Area.

Pune is counted among the most affordable residential destinations of 2016. And Wagholi is considered as one of the fastest developing localities in Pune. Residential real estate market in the area has grown by leaps and bounds; therefore the industry experts recommend the locality as one of the best residential investment options.

Pune Real Estate: Wagholi Rising as a Residential Investment Hub

Pune Real Estate: Wagholi Rising as a Residential Investment Hub

Let us look into details why it is so.

Unbeatable Property Rates

If your budget is restricted, Wagholi is the area that you can choose. Prevailing property prices in the locality is Rs 4,000-4,500 per sq ft. Wagholi is the most affordable option for those who cannot afford property in Koregaon Park where property is offered at a price of Rs 10,000-12,000 per sq ft. Affordability is the key factor due to which area is witnessing high demand from IT professionals. Near Wagholi, Kharadi has almost reached to its saturation in terms of real estate development and offer properties ranging between Rs 5800-6000 per sq ft, on the other hand Wagholi offers an affordable range for those with limited budget. [Read more…]

Complete Guide to Buying a Resale Home in India

For buyers who do not want to wait for moving into their new home but cannot afford a new ready-to-move flat, resale homes come as a rescue. Resale homes get homebuyer’s attention as they save them from the misery of paying rents, waiting for the possession or paying huge amounts as taxes on a new property. Though the skyrocketing property prices do not allow a person to save a lot on the resale property, other benefits attract a number of homebuyers.

Complete Guide to Buying a Resale Home in India

Complete Guide to Buying a Resale Home in India

Direct Benefits of Buying a Resale Home

  • Unlike an under-construction project, a buyer will not have to pay EMIs or rents or both, as he can immediately shift to the new house.

  • There is no misrepresentation or cloaking of the property’s limitations. Everything is in front of your eyes.

  • Resale flats are available at a cheaper rate and the prices are highly negotiable according to the age and condition of the property.

  • Tax benefits can also be availed in case of resale properties.

Things to be Cautious About

There are a few grey areas of buying a resale home which should be cautiously dealt with. Firstly, you must physically check the condition of the building, the age of it and how it has been maintained over the years. You do not want to be stuck with a dilapidated flat after wasting your hard-earned money on it. Secondly, ownership status of the building is a very important concern. You must make sure that the seller is the true owner of the flat and he has all ownership documentation in place. Thirdly, make sure that the seller does not have outstanding payments on the property owing to the maintenance, society charges, etc. [Read more…]

Building the Right Property Investment Portfolio 

Like many things in life, the idea of a perfect portfolio is very personal. It depends largely on your goals- your personal and financial situation, and how much risk you can handle. Things that work for others may not be the right strategy for you. There are literally many ways to build a successful real estate investment portfolio but there is one way which trumps it all- balance.

Building the Right Property Investment Portfolio 

Building the Right Property Investment Portfolio

Regardless of your age, experience and situation, balance is one thing that can help you maximize your profit and minimize your risk. [Read more…]

5 Ways to Get Best Returns While Selling the Property

Property investment is one of the best investments these days. Property investments are made in order to get high returns, so an individual can fulfill his future goals. In such scenario, selling a property is a way to get return on investment and we can tell you how to get the best possible price swiftly for your property.

5 Ways to Get Best Returns While Selling the Property

5 Ways to Get Best Returns While Selling the Property

  1. Determine the Right Price

Evaluate your property on the basis of current rate of properties similar to yours. Do a thorough market survey. You can also go to local brokers as they know the price trends in their areas. [Read more…]

Play the Detective When Testing a Resale Home

Buying a house is a serious business. Whether it is a recently built estate or a modest fixer-upper, getting a lowdown on your potential home is of great importance. A qualified home inspector is always your best bet for getting the home inspected before buying but you can also have a good understanding as to what to look out for. A little snooping around and bringing out the Sherlock Holmes in you won’t harm anyone but will help you in your decision about the home you want to buy.

Play the Detective When Testing a Resale Home

Play the Detective When Testing a Resale Home

A lot of inspectors feel that water is the main devil that causes the maximum problems, as it weakens the foundation, dampens the wall and causes rot and decay. Here are some problems that you have to check when you go for a resale home. From testing the shower, to scooping out how a home’s storage measures up, here are some tips to sleuth out the important features that you won’t find on the listing. [Read more…]