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Gone are the days when people used to deal property matters on the basis of "mouth to mouth publicity" or nearby dealers. Globalization and fast lifestyle has encouraged the real estate industry to step in E-World. Now active partakers of real estate world are eagerly seeking the right options to establish themselves in E-Real Estate World. RealestateIndia.Com is a solution to all what bothers to people who all are dealing in properties or people who all are searching property. As one of the leading property portals, RealestateIndia has tuned itself with pulse of real estate sector. Moving ahead with esteemed registered users and regularly visited by players of real estate industry, RealestateIndia.Com has become the pivot for real-estate sector
How Important Is Checklist While Taking A House On Rent?
Organized way of doing anything pays off well at last. The same thought applies at the time of buying, selling or renting a property. Importance of checklist can be defined in the same context. Now the question is- What is a Checklist? Well, a checklist refers to a simple list of items to be conferred with before you engage in any significant task.
Corporate people and other working professionals move from one place to another for various personal or professional reasons. During such crucial moments, enquiring about a few basic questions becomes highly essential in avoiding last moment hustle-bustle. Here are some guidelines while taking a house on rent which can keep you out of trouble:
Location
Inspect about the following:
- Facilities located nearby
- The distance of location from your work place
- Children’s school
- Hospital, Police Station, Post Office, Market, etc.
- Enough parking space
- Noise levels
Utilities
Enquire about:
- Whether Utilities such as electricity, heat and water are included in the rent
- Which type of heating system is being used
- Average cost for utilities in the apartment
Damage
Observe if there is already any damage in the room. If yes, then note it down in your checklist and ensure that the landlord is aware of it.
Rent
- Ask about the cost of the rent/month
- Prior commitment, make sure that it meets your financial needs
- Settle the Security deposit and cleaning deposit, well in advance
- Enquire about the refundable amount and mention the same in your written Rent Agreement
Knowledge about the kind of property you are searching and keeping a checklist of these needs and preferences handy can help you find a suitable property with ease and comfort.
Benefits Of Hiring Property Management Company
In the present-day world where property-related criminal activities have become rampant like never before, the need of the reliable Property Management Companies has been truly realized. These companies render Property Management Services for all kind of properties – residential, commercial, agricultural and industrial. The services include not only protection of the property but also its renovation, construction, operation and more. The role of Property Management Companies can be best described as that of managers in most of the businesses. Read on to know more about them.
Availing the Property Management Services for the properties that are not nearby the area you live in is an excellent option. In fact, it is one of the most astute decisions that many property investors make nowadays. Having a domain expertise and experience, the companies can also suggest you of when is the right time to sell your property. And they act as your counterpart as far as the security of the property is concerned. There services can be summed up as:
- Site management
- Construction
- Renovation
- Collecting rent
- Managing all the legal issues
In the wake of their increasing demand, the role of Property Management Companies has gone beyond the conventional one. Most of them have now also started providing Management Services to the big firms. These services comprise of:
- Building management systems
- Sewage, effluent & water treatment plants
- Electrical Distribution systems
- HVAC systems
- Fire control systems
- Electro-mechanical installations
Finally, it is always the right time to do avail Property Management Services. And the best part about them is that there are many Property Management Companies out there. These companies can make you rest assured when it comes to the cost and reliability of the services they render.
The Best Property Buying Tips
When we think about Property Buying in Delhi or in any other city, the first thi
ng that comes to mind is the reliability of the deal. Every one wants to make sure that they only get the best Property Deals, so as to ensure that their hard-earned money doesn’t go in vain. Indeed, some of you must have worked your lives out, saving the money only to buy a dream home. And when the opportunity comes, you can get deceived of all your savings without having the faintest idea of what exactly happened. In order to avoid such unfortunate situations, you must read the following Property Buying Tips:
Do Extensive Research
This is a prerequisite before Buying Property, because without a thorough research you won’t be able to understand the real estate scenario in your area and will, perhaps, end up making a miserable deal. You can also take help of Real Estate Agencies which can serve your purpose for such research.
What’s Your Budget? And How Much Loan Can You Get?
After the research, just narrow down the properties you liked as per your budget and the loan you can get. Doing this will give you a crystal-clear picture in mind regarding what options you have to choose from.
Get Your Would-Be House Thoroughly Inspected
Don’t even think making the payment for a house before getting it thoroughly inspected by a property inspector. Aside from the building inspections that the inspector will do, try to discover whether there is some problem with the house or not yourself. This is because if you find serious problems with the house in the long run, then it becomes very difficult to fix them, for they might call for heavy expenses.
The bottom line is that becoming a skeptical buyer and understanding the aforementioned points will ensure that you get nothing but the best when it comes to Buying Property.
Is It Beneficial To Sell Property To Real Estate Company?
It is a known fact that fixing deals in the Real Estate Market is not at all a cakewalk. No matter how much research you do, how much advice you take from Property Advisors, it is hard to trust anyone easily when it comes to buying or selling properties. Moreover, every now and then, news about people getting ditched in property deals surface, leaving the buyers and sellers even more worried. Amidst all this, a new trend has emerged- People have started selling their houses and other properties to Real Estate Companies.
Why Real Estate Company?
The trend of selling home to Property Dealing Companies has emerged in the wake of the fact that it is easier to get the proof of the authenticity of these companies as compared to individuals. Moreover, these companies provide other residential or rental properties to the sellers if they want.
Before Fixing A Deal, Make Sure That The Company. . .
► Is Credible:
Find out if the Real Estate Company possesses any certification from the government. Also check if the company is a registered member of any regulatory body of Real Estate Market.
► Has Experience:
More experienced the company is, better the options that it can provide. Moreover, an experienced company will understand your requirement better.
► Maintains Transparency:
It is important that the Real Estate Companies clearly tell you the purpose of buying your property. Moreover, there should be no confusion in the paperwork. If the company simply tells points you to the place where your signatures are required without discussing the matter of the documents, flatly refuse.
There are a number of Property Dealing Companies, claiming to provide the best property deals. However, the wise thing to do in such a situation is to do an online research. Go through the profiles of these companies and contact the ones you find suitable to pave the way for the right deal.
Take Assistance Of Real Estate Agent While Fixing Property Deals
Dealing in property whether for accommodation or investment purposes, comes with a set of challenges that need to be handled to avoid falling flat on the face with a deal. Real Estate Industry in India has been facing troubles and hassles due to deceitful dealers since a long time now. The fact that it is very hard to rely on anybody when it comes to fixing deals in real estate, stands true for all the interested investors and buyers. There is no dearth of fraud people who lure innocent people by offering fake property deals that seem to be lucrative. The Role of Property Agents is huge in such a scenario. The Real Estate investors are constantly on a look out for Property Agents who can guide them properly and help them invest their hard earned money on the right property.
Why Real Estate Agents?
Most of the Property Agents are experienced and understand the Real Estate Market quiet well. Thus, these agents are capable of providing the best choices to the prospective Buyers or Investors considering their budget and requirements. Most of the Property Agents discuss the present status of Property Market with their clients. The basic agenda in doing so is to make the clients aware of the risks and benefits associated with the property deals they show interest in.
Make Sure That The Property Advisor. . .
► Understands Your Requirements
A good Real Estate Advisor takes the requirements of the clients to be his or her priority while looking for a lucrative real estate property for them.
► Discusses The Status Of Property Market
Real estate agents who discuss the rules and regulations related to a property deal with the clients assure that their clients get full benefit from the deal.
► Takes Care Of Documentation Process
Professional Property Advisors know all the details of the legalities associated with a property deal. Thus, they conveniently handle the paperwork associated with a deal.
To find the right Real Estate Agent, it is advisable that you begin with an online research. There are various Real Estate Agents and Real Estate Companies listed online that assist buyers and investors in finding the right property. Always check the background, the track record, and the knowledge that the Real Estate Advisor possesses. Moreover, talk to the previous clients of the agent, if you can, so that you confidently sign the deal with him or her.
Interior Designers – To Make Your House A Dream To Live In
Remember those home furnishing magazines which showed beautiful homes with those well-furnished cozy rooms? How we sighed at the pictures and secretly refurnished and decorated the rooms of our dream home in our mind! Well that picture perfect look can be transformed into reality. And no, you don’t require magic that makes pictures jump out of pages but you can avail the services of talented and experienced interior designers.
An interior decorator is professionally qualified to assess the basic details of your house and offer solutions with a creative spin which will address the space problems as well. They can come up a lot of ideas that will suit your requirements and needs. An ideal interior decorator not only decorates the house but gives a solution that is a perfect blend of style and functionality. The designer uses various textures, shades, colors, furniture and accessories to decide the best look for your house. They work closely with contractors and architects to come up with a design that is ideal in all aspects. The following points will help you decide on the right person for the job.
- It is ideal to look around and see the works of various designers before coming to a decision. You can also check their reputation in the Industry, their adherence to schedules etc.
- You should have ideas about what you want in the décor. You can refer to magazines and prioritize features as per your needs and utility.
- Choose designers who are aware of your budget and comfortable in designing within your monetary strings.
- It would be ideal to choose designers who are open to discussions and ideas.
Nowadays interior designers use latest designing tools to make accurate plans. The right designer can give your home a completely new look and transform your home into one that is fit to be in the pages of the home décor magazines.
Effective Tips About Insuring Your Home
At present, almost every person is aware of the benefits associated with a home insurance. The people residing in urban areas particularly understand the need of insuring their homes but what they find confusing is that how they should go about it. The Home Insurance Policy saves the owner from facing dire consequences caused by natural calamities, thefts or other problems. Thus, the owners are assured of complete peace of mind as they do not have to keep worrying about the hard earned money they have invested in the house and the home furnishing items.
What All Does The Home Insurance Covers?
General home insurance policies cover either the house or the belongings of the house. However, elaborate Insurance Policies for Home protects both the structure of the home as well the things inside it from manmade or natural calamities. Some of the circumstances against which the Insurance Policies provide coverage include:
- Fire
- Lightning
- Any explosion
- Storm
- Cyclone
- Flood
- Riot
- Earthquake
- Pipe bursting
- Leakage
- Attempted Theft
- Burglary
Nowadays, companies also provide protection against terrorists attacks.
What All Can Be Insured In A Home Insurance Policy?
Apart from the entire house, be it a flat in the Building or a Bungalow, the policy covers all the items inside the house. Thus, after signing up a Home Insurance Policy, you don’t have to fret about the your valuable painting, costly furniture, or electronic items like washing machines, refrigerators, televisions, computers, DVD Players, etc. Some Insurance Agents also offer to bring jewellery into the insurance cover up to a certain limit.
What Should You Be Careful About?
It is advisable that you note down all the things of your home you want to insure. Other than all the items mentioned above, you can also include the following in a policy:
- Books
- Compact Disks
- Clothes
- Shoes
- Cutlery
- Antiques
- Musical instruments
- Sports equipment
- Wine
So, wait no more! Begin an online hunt for an insurance agent and get your home insured at the earliest.
New Registration Norms Have Made Properties Costlier
Delhi Government has made all arrangements to make house ownership a highly expensive deal in Capital. With an increase in the registration fee for properties valued over Rs 50 lakh, now an individual will have to shell out 1 per cent of the cost of property as registration fee. For example, if a property is worth Rs 1 crore, then it will invite Rs 1 lakh as its registration fee.
Old Rule up till 17th May 2011
- ► For properties valued below Rs 50 lakh, 1 percent was charged. Eg: for a prop worth Rs 20 lakh, Rs 20,000 is chargeable
► For all properties valued at and above Rs 50 lakh-Rs 50,000 was charged.
► In case of property whose value was not mentioned, the fee was Rs 1,000.
New Rule applicable for registrations from third week of May 2011
- ► Cut off point of Rs 50 lakh as property value has been done away with.
► All properties will be charged registration fee at the rate of 1 per cent of stated value of property. E.g. for a property worth Rs 2 crores, one will be required to pay Rs 2 lakh as registration fees.
What’s the reason?
The main reason to review existing property registration norms is the state Delhi Government which seems to be in perpetual financial crunch. The Delhi government is facing a financial crisis due to the expenditure on the earlier adornment and improvement of infrastructure for the Commonwealth Games held in October last year.
These new rates would surely be applicable for conveyance deeds, sale deeds, gift deeds, partition deeds and settlement deeds, etc. So reassessment of the fees should be done to control the current undervaluation of properties in Delhi. Such registration of documents otherwise would shrink the dreams of Delhites who aspire to own their houses in capital.
Setting The Stage – Staging A Home
Just like you take pains to decorate your property after buy
ing it, it is equally important to spruce up the property before putting it on the market. It is almost similar to setting the stage during plays and shows. You have to give the space the right look and feel so that it appeals to the audience. It is probably why “staging” a house is important before putting up the sale sign. A well-kept house will also generate more interest and thus attract potential buyers.
The main motive behind staging is to give the buyers a peek into how the house can be transformed into a place that fits in perfectly with their lives. Wondering how to stage the property that you have put on the market? The following points will give an idea about the process
- ► Take out any personal items like photos, medals, trophies, prizes etc.
► Inspect the property thoroughly. Check for any cracks in the paints, loose wires, leaks, squeaky doors, broken windows etc. All these could leave a bad impression of the property and cause you a valuable sale. If required, repaint the house with a fresh coat of paint to make it look clean and new.
► Remove the clutter from the rooms to make them look more spacious. You could put in smaller coffee tables and chairs.
► Clean every nook and corner and remove cobwebs, dust etc. A well scrubbed floor and spotless windows will make the house look sunny and bright.
► You should make sure that the house is bright and well lit. A dark and gloomy space can be a turn off to many prospective buyers.
► Make the space come alive with bright flowers, plants and mirrors.
Be it backyards, patios or the decks; remember they are also an extended space of the “stage” and need the same attention as the house. Staging a house is all about making the property look comfortable and cozy. A well staged home comes across to the buyers as a bright, warm and friendly place. Such a house will sell faster and that too at a higher price.
