Home Inspection: Structural Defects You Must Not Ignore

Congrats! You are ready to buy your first home. Although you haven’t found it yet, in your mind, it’s perfect! May be used or un-used, buying home is always a dream and a homebuyer wants his home to reflect his persona. Buying a used home could add up to big savings and allow you to get a bigger piece of the dream than a brand new one. So it’s extremely important now to invest wisely and to keep few things in mind while buying used property as it might have few structural defects which can’t be ignored. There are a few things to check before finally moving in, especially related to the structure of the building.

Home Inspection: Structural Defects You Must Not Ignore

Home Inspection: Structural Defects You Must Not Ignore

Let us talk about these in some detail –

1. Check Runaway rainwater

A great philosopher truly said, “If there are 15 things that can go wrong with a house, 10 of them have to do with water”. Downspouts, Gutters, and leader pipes collect rainwater and pass it away from the house. In humid and wet regions, leaders should extend at least 5 feet from the house. Check the entire gutter system seasonally for proper pitch, corrosion, for clogs, broken fasteners, and separation between connections and where gutters meet the fascia board. [Read more…]

Metro-Connectivity Fuels Retail Growth in Bangalore

The Metro corridor has, undoubtedly, created a positive effect on real estate along its periphery. Delhi/NCR is the perfect example of why metro is a boon for a city’s realty market. In Bangalore, the impact on realty can be seen along the metro corridor. In areas along the metro corridors, realty growth is witnessing vertical developments, mixed land use and integrated township development. Until now, Bangalore leverages on IT/ITeS Development and now Namma Metro is lending a helpifng hand to its retail market.

Metro-Connectivity Fuels Retail Growth in Bangalore

Metro-Connectivity Fuels Retail Growth in Bangalore

The Indiranagar belt has turned into a retail and entertainment hub with advantage of its effective and efficient connectivity. Indiranagar was one of the first important premium localities to be connected by the metro rail. [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…]

Things You Should Know about Italian Marble

Flooring is among the first things that attract someone’s attention. And therefore you need to know about flooring before choosing a property as your dream home. One of the most common flooring materials is marble. Architects and artists use marble to make an everlasting statement. We can give our home a timeless and elegant look with marble. One great choice among marbles is the Italian Marble which offers uniqueness, strength and style statement to Homes.

Things You Should Know about Italian Marble

Things You Should Know about Italian Marble

Italian Marble brings a refined elegance to interiors and provides endless design possibilities. It is also easy to clean and an attractive addition to almost any room. [Read more…]

Space Saving Tips for Your Small Bathroom

A small bathroom presents unique opportunities to create something different and special. With the proper planning and design, we can maximize our space, minimize clutter, and even add character to our small bathroom. We can either make small bathroom look bigger or just give it some unique accents so that it makes a statement despite being small.

Space Saving Tips for Your Small Bathroom

Space Saving Tips for Your Small Bathroom

Here are five space-saving tips that offer how to get the most of our small bathroom.

Lighting

The right kind of lighting can add dimensions to our small bathroom. Instead of clunky chandeliers or other huge light fixtures, consider recessed lighting. The mild and soft glow of recessed lights makes the room seem bigger by blurring boundaries. [Read more…]

Optimizing Open Spaces in Indian Cities

Open space can be any open area of land that is undeveloped (has no buildings or other built structures) and is reachable to the public. Open spaces include:

  • School yards and playgrounds

  • Green spaces (lands that are partly or completely covered with trees, shrubs, grass or other vegetation). Green spaces include community gardens, parks and cemeteries.

  • Seating areas for public

  • Public Plazas

  • Vacant Lots

Open spaces provide recreational areas for residents and supports to glorify the beauty and environmental quality of neighborhoods.

Optimizing Open Space in Indian Cities

Optimizing Open Space in Indian Cities

How to Optimize Open Spaces?

Urbanization is leading to rapid decline in open spaces in our cities; we must work on enhancement of urban biodiversity and maintenance of essential ecosystem services, which is a must to ensure a sustainable future for all of us. A number of real estate developers are increasingly adopting various methods of contributing towards environment protection. Some have switched to environment-friendly technologies in construction vertical while some builders have launched their green homes that run on renewable sources of energy and cause least damage to nature. [Read more…]

The Secret of Making Housing More Affordable

Decent affordable housing is fundamental to health and well-being of people and to smooth the functioning of economics. Yet in India and around the world, in developing and advanced economics alike, cities are struggling to meet that need.

A blueprint for addressing the global affordable housing challenge by McKinsey Global Institute (MGI), defines the affordability gap as the difference between the cost of an acceptable standard housing unit (which varies with location) and what households can afford to pay using no more than 30% of their income.

The Secret of Making Housing More Affordable

The Secret of Making Housing More Affordable

However, four approaches used in concert can help reduce the cost of affordable housing by 20-50% and substantially narrow the affordability gap. These are largely market oriented solutions- lowering cost of land, constructions, operations and maintenance and financing- could make housing affordable for median earning households. [Read more…]

The Future of Co-Working Spaces in India

Indian real estate market is observing various trends. One of the most interesting concepts that have been introduced recently is co-working spaces or common temporary workspaces.

It is set to enter a new growth parameter in India, driven by demand from freelance workers who seek a budget oriented and flexible work environment. Office building investment has been touted as a very fruitful venture and with the coming of co-working spaces; it is expected to see an upward trend.

The Future of Co-Working Spaces in India

The Future of Co-Working Spaces in India

What are Co-Working Spaces?

Co-working spaces especially work around the concept of leasing office infrastructure and resources to individuals or groups of people, mostly on a subscription basis. In addition to flexible work-timings, these centers foster an innovation-inspiring environment, bringing together groups of like-minded people under one roof. [Read more…]

From The Celebrities’ Diary: 11 Features That Lure Them

Imagine living your life with millions of fans and truckloads of cash. Isn’t it simply awesome? But what do you do with all that money after you buy the essentials? You go buy extra’s.

Celebrities live a life of luxury. They own boats, jewelry, cars and other extravagant items, but the most important thing that every celebrity can own is a home. Not just a home, a ridiculously expensive house with more amenities than a New York hotel. Most celebrities just don’t own one home but more than one, all exquisitely and tastefully done lacking nothing, a luxury haven on earth. Celebrities’ awe-inspiring homes can make everyone jealous. What fan wouldn’t love to peek inside the home of his favorite star and see how they live, entertain and primp?

From The Celebrities’ Diary: 11 Features That Lure Them

From The Celebrities’ Diary: 11 Features That Lure Them

Here are a few features that one can find in almost every celebrity home-

1-Farmhouse Sinks- Celebs love the idea of farm house sinks; they are both timeless and practical. Farmhouse sinks serve as a classical kitchen focal point, and are large enough to fit bulky pots and pans. [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…]