Monthly Archives: December 2020

Is It the Right Time To Invest In a Property in India?

Demonetization raised many brows and many possible paths for the future of the Indian real estate. Some Gurus of the realty market think that the prices of the properties will go down with the cash flow becoming critical in the market. Some people think that the prices will be stable since the price of the affordable sector has already surfaced. The future is to be seen but based on the present marketing conditions, the following are the reasons why one should invest in the real estate of India today.

1. The prices are negotiable

The primary real estate is mostly bought on the home loans, so there would be less impact on it but some things would change definitely. Those builders who do not accept the cash and do not get involved in any black money transaction would also be forced to sell their projects at the lesser prices to keep up with the present marketing conditions. If they sell at the old prices, they may lose the sales to the competitors.

2. Transparency is increasing

Indian real estate is moving to a better transparency. The Real Estate Act is set to regulate the market and all the project information and the related documents are to be digitised. The state is given the responsibility to formulate their rules and start implementing them soon. There would be no gaps between the things promised and delivered. Any land disputes or the grievances of the buyers would also be solved in lesser time.

3. Simplified taxes

GST is one more masterstroke at the right time. The Indian tax structure is a bit complicated and there are many direct and indirect taxes that needs to be paid by the seller. When the taxes to be paid decreases, the benefit is translated to the buyer. The cost of the construction materials would decrease and the affordable housing would be available at the further lesser price.

4. Resale market opens up for Salaried buyers

The resale or the secondary market has been for the affluent people who can pay the upfront cash for buying the property. The unaccounted cash has been disposed of in the resale market. The buyer gets to convert the black money into white and the property price appreciation fetches a further profit. So, the resale market has been on the top of the list for the black money holders. Now that cash is disappearing from the transactions, the salaried people could also get hold of the resale property at the much lesser prices compared to the primary property. Maybe the secondary market also offers the option to pay via loan and the buyers get the best deal out of it.

5. Home loans can become easier

The Indian banks are gaining the money fast. With the huge volume of money being deposited by the residents, the interest rates are supposed to come down and the banks will offer the home loans at much easier terms. This opens up a window of opportunity for the middle-class buyers who depend on the loans to buy their first home. This is probably a positive push to the PM’s vision of ‘Housing for all by 2022’.

The current situation marks the dawn of the new era for the Indian real estate. Now is the best time to invest in a property in India..

4 Things Sellers Need to Know About Property Auctions in 2018

The internet is home to millions of articles explaining 5 things to do or 10 things to do for buying property at auctions. In simple words, every article is talking about things to do for purchasing residence at house auctions. There is hardly any article talking about the things sellers should keep in mind during or before selling properties at auctions. This limited approach of agents is making auction events like a one-way road.

Everything for Sellers to Keep In Mind Prior to Selling Residences at Property Auctions:

This is what we are going to discuss in today’s article. Every coin has a flip-side. Without a doubt, auctions are definitely a platform for investors to buy residential properties. But if you look at the other side of house auctions, sellers, or estate agents get a chance to sell properties for making money. But there are certain things they have to learn about. Let’s talk about them below:

Auctions Help Sellers to Sell Properties at Actual Market Price:

Given below are the three big reasons of it:

• All buyers get an equal opportunity to buy residential investment properties for sale.

• Every buyer is given an equal treatment.

• Buyers place their bids in fiercely competitive environment.

What makes auction houses more profitable for sellers is the fact that if buyers keep chipping with their bids, auction continues indefinitely. The winning bid reflecting the highest price is shown only when everyone stops bidding and the clock expires.

The price of the winning bid is what the market will bear and the maximum amount of money that a buyer can pay. Most importantly, property auctions allow sellers to set the reserve price. This is why sellers don’t have to be content with the price they do not want to sell their properties at.

Only Eligible Bidders Bid on Auction Day:

Many auction platforms ask bidders to show proof of funds and fulfill rest of the eligibility criteria to be eligible for bidding at the auctions.

Financial Institutions or Lender Finance Investments:

Even financial institutes and lenders prefer financing investment properties for sale at auctions. As for reason, they have all your income proof, proof of funds, and other important documents already in their hands to secure the money they are lending you to finance your investment.

Transparency and Level Playing Field:

This is another thing sellers should know about prior to visiting auction rooms for selling their investment properties for sale. Meaning, no-secret handshakes and no backdoor deals etc. Auction houses disclose every single Term & Condition upfront to all buyers and sellers. This helps both buyers and sellers feel that they are on the same page and they are not overpaying for anything. Nothing is being hidden from them.

Final Words:

Hopefully, this article helped a seller like you to learn something useful prior to visiting the auction room for selling their properties.

The Insider’s Guide to Buying Equestrian Property

There are some spectacular horse farms and ranches for sale at any given time, so you’re likely to have a wide variety of properties to consider. You may be tempted to dive right in and start touring the areas you’re considering for your property, but we encourage you to be deliberate in your process, because we know the time you put in up front will pay big dividends later on.

To help you, we’ve put together this quick read – a primer of sorts.

So, let’s get started. There’s quite a bit to consider when searching for horse property. We’ll start first with some general questions, and follow that with a list of important considerations to keep in mind when searching for properties. Here we go:

1. What’s your level of interest in horses?

Of course, you like horses, or you wouldn’t have made the decision to buy horse property.

But beyond that, the spectrum ranges from wanting property that can accommodate one or two of your own horses, to a commercial horse facility that specializes in professional training, boarding, breeding, or more.

And keep in mind too, that your level of interest may progress, say from beginning novice to a fully involved professional, which may lead you to a new property or property upgrades.

2. Where do you want to be?

Naturally, there may be many variables that influence this decision, with the basic ones being things like a desire to be near friends and family, or to live in a particular school district or county, or near a particular city. But beyond that, keep in mind that your answer to Question #1 will also bring its own considerations, such as:

  • Desire to be near facilities that accommodate your horse related interests, such as open state land, trails, or particular training or show facilities for specific types of horses
  • Desire to be near the ‘hub of the industry’ for your particular horse activity. This is particularly important if you’re a professional serving a market, or if you’re aspiring to achieve levels of accomplishment in the horse industry. The ability to network easily with like-minded horse people may be a consideration.

3. Do you want to build new on vacant land, buy an existing horse property, or buy an existing property that can be renovated to accommodate horses?

You can specify one or be open to all of these possibilities, and your preference may be influenced by some of the factors to consider as you keep reading.

For now, know that each of these options has its own advantages and disadvantages.

– Building new will enable you to have exactly what you want, but it will also take more planning and lead time, and may be more expensive.

– Buying an existing property is likely to be quicker, and possibly less expensive, but you may not find exactly what you want.

– And buying an existing property that can be renovated may bring some advantages of the first two options, but require planning, patience and vision that not all buyers have.

4. What is your price range or budget? Will it be a cash purchase or financed? Is it contingent on the sale of other property?

Like the answers to Question #3, each of these alternatives has its own advantages.

If you’re paying cash, you should be able to close on your purchase sooner, and possibly negotiate a better price.

If you’re financing your purchase, it’s best to be in touch with a lender in advance, to confirm your buying power and being the application process.

With those broader questions behind us, let’s get into more specific questions and important factors to consider:

How many acres are you looking for?

Think about the layout of the farm – the residence, barn, stable, paddocks, round pen, and storage for equipment, hay, feed, tack, bedding, etc., as well as pastures and hayfields (unless you plan to purchase all your hay), riding arenas and on-site trails.

Are there zoning or other restrictions that need to be considered in the areas where you want your farm?

If you intend to maintain grazing pastures, you’ll want to allocate two acres per horse. Be sure to select properties where horses are a permitted use or allowed under a special use permit.

And be aware of boundary line setbacks, which can vary by unit of government.

Know your soils.

Know what the soil types are before purchasing the property.

During wet seasons, poorly-drained clay and loamy soils in areas of high horse traffic are a maintenance nightmare and can be a health problem for horse’s hooves.

Ideally, barns and paddocks should be on well-drained sandy soils, or if they are on fine-textured soils, they should be graded to promote positive water drainage away from barns and high traffic areas.

Many farms will have a variety of soil types, which should influence the layout of the farm based on the uses for which the soil types are best suited. High loam soils are great for hayfields and pastures to help withstand drought. Agriculturally marginal soils can be used for trail riding, training areas, and turnout areas where horses are kept on hay instead of pasture.

What would you like the topography to be like?

The lay of the land has both practical and aesthetic relevancy. A picturesque horse farm on a rolling, tree-lined landscape has enormous aesthetics appeal.

However, from a practical standpoint, some level ground is desirable for building and training areas. Also, hayfields and pastures do best on level or gently rolling tillable ground.

Topography controls how well surface water drains from the property. Wetlands, swamps, and ‘pothole ponds’ characterize poorly drained areas, which contribute to ecological diversity, but have little practical use on a horse farm.

Access to water

A horse farm operation will use potable water in both the residence and the barn, and depending on the number of horses, the gallons used in the barn may far exceed the amount used in the residence.

Most rural areas don’t have access to a public water supply, so it’s important to have a good well (or wells) available, or that an aquifer exists, underlying the property, from which a good water supply can be developed.

The primary uses of water on the farm are for watering and washing horses, general cleaning, dust control in training areas, and, in some cases, irrigation.Irrigation used to keep pastures green or to water hayfields can exceed all other uses. If available, surface water, from a pond, lake or stream, can often be used for irrigation purposes.

Availability of other utilities and services

Other utilities and services covers wastewater disposal, electrical hookup, heating energy source (natural gas, LP gas, fuel oil), internet availability, cell phone coverage and solid waste disposal. All are important to consider.

In rural areas, septic tanks and drain fields are the most practical way to treat and dispose of wastewater. However, not all soils are conducive to the use of these systems. Percolation tests may have to be done to determine whether the soils are suitable.

Natural gas is the preferred energy source for heating, but many rural areas will only have propane gas available. Horses generate a lot of body heat, so the need for space heating may be limited. Heating wash water and preventing horse’s drinking water from freezing can usually best by done with electricity.

How is the coverage?

Having good internet connection and cell phone coverage is becoming increasingly necessary. Some remote areas may still have connection problems.

How will you manage the stinky stuff?

Horse farms generate a considerable amount of solid waste in the form of manure, and you’ll want to consider how manure will be managed when planning a horse farm purchase. Options are spreading it on the land, perhaps giving or selling it to nearby farmers, or having it hauled to a landfill by a contract waste hauler.

Existing and Planned Structures

Whether you’re buying an existing horse farm or one with existing structures that can be renovated for horse related uses, inspect closely (1) the quality of the structures, including buildings and fences, (2) for the possibility of nuisance problems that result from poor layout or adoptive use, (3) to determine the cost of renovations necessary to fit your intended uses of the property.

Get Help!

Find an agent that truly understands equestrian properties – if they don’t know what you’re talking about when you’re talking “horse”, they can’t adequately represent your best interests. Do your own due diligence to find one with the necessary knowledge.

And last, but certainly not least, consider the neighbors

Horse people are generally quite neighborly and easy to get along with. Generally, they like to network and socialize with people who have similar interests, like horses and country living.

That said, there are people who enjoy outdoor activities with little regard for environmental stewardship or the sensitivity of others, so before purchasing, it’s prudent to ask some questions about the neighbors, or better yet, to meet them personally.

Whew, there it is.

Hopefully, that list of questions and considerations was helpful, and not too daunting. Yes, there’s a lot to consider before buying horse property, or any property for that matter.

But, as the saying goes, it’s also not rocket science, but rather simply a matter of doing your homework and due diligence. And of course, in that regard, it’s also important to work with a qualified and competent Realtor

Turn-Key Luxury Home In Hale

Areas such as Alderley Edge, Hale and Prestbury have had their Edwardian and Twenties suburban homes demolished in recent years to make way for modern mansions. During the boom years these homes were bought for their plot of land, flattened and replaced with open plan high tech houses all around Cheshire. Local cried out as they witnessed perfectly good homes being razed to the ground, they felt that the mansions were too big for the plot of land. Hale has a mixture of these homes along its fancy residential streets but one of the houses stands out from the crowd. A resident of Hale for twenty years, Rittu Kumar, has built a spectacular home which is not only furnished but fitted with the bed linen too. She feels that the boom years of developers buying a plot of land for £1million, spending £1million on the build and then selling for £3million have now disappeared. These developers have now gone out of business; she has adopted a different approach with her turn-key homes. Any person interested in one of her properties only has to turn the key in the lock.

Her first project was a house in Carrwood in Hale Barns, the house was valued at £5.5million. The house was over three levels and 9,200sqft in size. She bought the one acre plot in 2007 and demolished the sixties home that was on the land, she built a classic house making maximum use of the sloping site to create two storeys at the front and three storeys at the back of the house. Along with her business partner, an interior designer, she left her distinctive mark inside the house. She uses bold colours, hard woods and glass, something your average developer would not. She uses textured leather on the walls or purple and red fabrics and there is no cream and magnolia throughout in her homes. She hopes to bring the high end turn-key homes to Cheshire that the Candy brothers create in London. Her next project is two flats in Mayfair and a villa in Cannes. She makes sure that every room has at least one striking feature and the Cheshire house has a £100,000 cinema room installed which comes equipped with twelve leather chairs.

The house has been on the open market since October but she expects it sell in the spring but she has already been offered rental of £25,000 for the house. However she feels that a wealthy entrepreneur will buy the house and not the expected rich footballers of the region. The property market in Hale is doing well and so she might get her buyer in the end.

6 Creative Ideas For Enhancing Your Luxury Home’s Master Bathroom

Your master bathroom should serve as an oasis and make you feel at ease. It’s where you’ll unwind after a long day at work. It’s where you’ll retreat when your stress levels rise. Whether you spend an hour soaking in the tub or a few minutes standing in front of the mirror, the space should provide a pleasurable, calming experience.

Your luxury home likely came with an impressive master bath. But you want it to be more than just functional. You want it to be luxuriating. With that in mind, we’ll present several ideas below for upgrading your bathroom. The following suggestions will help transform the space into a retreat that will make any day look brighter.

Idea #1: Pamper Yourself With A Rain Shower

Rain showers are designed with large showerheads that release water in a manner that mimics the fall of rain. The spray’s pattern and pressure creates a massaging sensation, similar to standing beneath a small waterfall. Although the showerhead can be adjusted to provide additional pressure, many people prefer its default setting.

Some rain showers are suspended from the ceiling. Others are mounted on the wall. Both types provide an indulgent shower that you may find difficult to leave.

Idea #2: Install Dual Vanities

Double vanities offer a number of advantages over a traditional single-sink vanity. You and your spouse can use the space at the same time rather than one person having to wait for the other to finish. You’ll also have more storage space for your respective toiletries. In addition, double vanities give you and your partner an opportunity to add small design flourishes that enhance your respective areas.

You’ll probably need to modify the plumbing in your bathroom to accommodate two sinks. Although it’s an inconvenience, it’s also a one-time event.

Idea #3: Invest In Radiant Heat Flooring

The floor of a traditional master bath can remain unpleasantly cold despite your home’s heater being active. Heat rises, leaving the tile chilly to the touch. That’s the reason many homeowners install a radiant heating system under their bathroom floors.

Radiant heat systems ensure that your floors stay warm when you’re in the bathroom. When you climb out of the tub or leave the shower, you won’t be shocked by the frigid cold of the tiles.

Idea #4: Allow More Natural Light Into Your Bathroom

Natural light does more than simply brighten a room. It lifts the room’s mood. In your master bath, ample sunlight can make the space seem more welcoming and relaxing.

If your bathroom lacks windows, you can use specific types of artificial light to create a similar effect. For example, install ambient lighting to provide an undercurrent of soft light in the background. Tasteful task lighting positioned near the vanity can provide illumination for performing your morning routine without creating an annoying glare. Use accent lights in specific areas of your master bath to further brighten the space while adding a touch of style.

Natural light is always preferable. But if it isn’t an option, there are other ways to enhance the lighting in your bathroom.

Idea #5: Install A Towel Warmer

A towel warmer does exactly as its name implies. It keeps your towel warm while you’re in the shower or tub. When you’re ready to dry off, pull your heated towel off the wall-mounted fixture and wrap it around yourself. The warmth keeps the chill at bay.

Towel warmers offer additional benefits. They can help dry damp towels after use, preventing the onset of mildew. They can also provide heat for the bathroom, much like a space heater. If you have delicate garments that are damp, hang them on the towel warmer to dry them quickly and safely.

Idea #6: Install Non-Slip Floors

Ceramic tile in the bathroom can be dangerous. A few drops of water can lead to slips and falls. To prevent falling and injuring yourself, replace the ceramic tile with a slip-resistant alternative. Good choices include textured linoleum, anti-slip tile, and even slate (a type of stone). Poor choices include marble and hardwood.

If you like your tile floors and want to avoid replacing them, you can rely on various non-slip accessories. For example, place area rugs on the floor near the sink, shower, and tub. You can also apply an anti-slip spray designed to increase traction in areas exposed to water.

The six ideas presented above are merely scratching the surface when it comes to enhancing your luxury home’s master bathroom. There are many other things you can do to help transform the space into your personal sanctuary. Some require a professional contractor’s expertise. Others can be performed on your own with little more than time, a few tools, and a bit of patience.

How to Become a Successful Real Estate Developer

Real estate investment and development has never been a more popular pastime or career changing challenge; if you would like to learn seven secrets for consistently successful real estate investing through development or you would like to know how you can continue to profit from property even if the market takes a downward turn just read on…

1) Do Your Location Homework – did you know that through successful and sustained location research professional property investors actually continue to profit during a market down turn? It’s true – whatever the market conditions you can apply their location research approach to your real estate investments and also make consistent profits from property.

Take the necessary time to learn all about a town or city you’re considering for your next property development purchase and discover where the up and coming areas of that town are likely to be. If there are inner-city redevelopment projects planned examine the real estate market in the immediate vicinity, if there are areas that are booming right now examine the immediate neighbouring areas for their potential for future prices rises for example.

Don’t follow the crowd – have the confidence to buck the trend and get ahead of the curve by positioning yourself in a market that is about to boom rather than in one that has already blossomed.

2) Know What You Can Afford – While it can pay to sometimes speculate never be tempted to jeopardise your own home. Work out your finances and be ruthlessly strict about what you can and cannot afford as a down payment, for mortgage costs and for the renovation and redevelopment of your next real estate investment. Only proceed within the confines of your tightly allocated budget and do not be tempted to over extend yourself particularly if competition in the property market is tough and the market is slow or stagnant.

3) Identify Your Target Market – Having identified your next location for property investment identify the types of people who buy into renovated properties in that location. Know who your target market are going to be and what they are likely to look for in a property in that location. If for example you’re examining inner-city spaces you might identify that your buyers will be young single professionals and that the ideal property type for these people will be luxury low maintenance apartments – seek out suitable properties with the potential for redevelopment into luxury low maintenance apartments and you will fulfil your target market’s brief…seek out large houses with substantial gardens in the area and you will have totally missed the market and potentially created a property that will not sell!

4) Renovation Not Rebuild – Know your budget limits and your personal skill restrictions. Do not consider taking on a property that is in need of a complete structural overhaul when your budget is tight or you do not personally have the time, skills or inclination to do the structural work yourself. Be realistic about what you and your budget can achieve and seek properties that fulfil that brief. Pay to have an independent and complete survey done on any property you are seriously considering buying before making a down payment to ensure that there are no hidden surprises waiting for you beneath the floorboards to eat up your budget in its entirety.

5) Manage Your Budget – With your survey in hand you can approach builders for quotations and seek out prices for fixtures, fittings, finishings and furnishings. Take the prices quoted and sourced and build your budget. Factor in ongoing mortgage and service costs and labour costs as well as your findings and structure and allocate your money accordingly. Watch every single spend and be ruthlessly strict with yourself and your builder. If at all possible have your builder commit to a contract with fixed finish dates and fees and stay on top of every single penny or cent every single day. At the end of each week tally up your outgoings and expenditure and ensure you’re not exceeding your budget. If you’re overspending rein it in or you will have to shave it off other areas of the development. Remember never to scrimp and save on finishing touches and always give yourself a realistic fall back fund in case of emergencies.

6) Appeal To The Widest Market – Forget putting your personal stamp on any property you develop – YOU are not going to be living in the property! You should already have identified your target market which will give you a good idea of the level and quality of finish expected, now meet those expectations without adding your own personal taste into the equation. By appealing to the widest market or the lowest common denominator your property will be attractive to the majority of buyers making it faster and easier to sell on and profit from.

7) Make Friends With A Real Estate Agent – Your greatest ally when developing property will be your real estate agent. Make friends with these guys and you will build a beautiful and successful symbiotic relationship in which you both profit to the maximum! Real estate agents are a fountain of untapped knowledge about the local market, who is looking for what property in which area, which additional features cost little to add but which push up the asking price and what a buyer expects from your particular property type. Get the facts from your real estate agent and then apply their advice. You will create a property they can market for top dollar and to the widest market – you will make more profit and they will make a bigger commission ensuring a beautiful and lasting friendship!

Finally, remember that when you’ve bought, renovated and sold on you’ll be looking for that next property opportunity and any real estate agent who you’ve worked well with will be on the hunt for suitable real estate for your next investment making any subsequent purchases that much easier to source.

Residential Properties in Neral – What Makes Buyers to Buy High Flats

Are you looking for a stylish flat or an apartment in Neral, Mumbai? Property buyers are lured with various ongoing residential projects in the city of Neral by real estate developers.

According to a real estate survey, sales are crashing in India’s housing market. But this hasn’t stopped the real estate owners from launching new projects in Neral as well as Mumbai and Pune. Several ongoing residential projects in these cities are attracting buyers to make an investment.

In Neral, there has been a significant increase in construction work in affordable and ultra – luxury segments. The sale had gone up for flats and even in areas such as Mumbai’s metropolitan region and greater Mumbai, average property rates have also increased.

For capitalizing on environmental changes caused by proposed real estate laws and changes in economic scenario, companies are coming up with unique property formats. Not only developers are offering top-notch properties, but buyers are also demanding luxury homes, furnished with modern amenities. In order to attract buyers, developers are constructing stylish high – rise flats and apartments with world class facilities.

Apartments and flats have become quite famous among developers as they are building such constructions to differentiate their projects from other builders. Not just in Neral but skyscrapers have also begun making a mark on Mumbai’s skyline. The governing body of the city in 2011, gave a green signal to increase the maximum permissible height of high-rise buildings in Mumbai to hundred meters from 36 meters.

Many home buyers are willing to buy residential properties in Neral. To cater to this rising demand from buyers and wealthy buyers, developers have begun to build iconic premium 2 bhk flats in Neral. High – rise buildings are not just the need of the hour, but they do offer a stunning city view and this is the main reason why many home buyers prefer purchasing a flat on the top floor of such flats and apartments. These are plenty of benefits linked with living in a high rise building. Apart from the eye – catching views of the city, the exclusivity associated with such projects also attracts buyers. In a city like Mumbai, staying on the highest floor of a high rise apartment ensure clean, fresh air and zero noise pollution.

Such buildings have a status that can’t be replicated easily by other developers. There is also a status linked to such buildings which are hard to find in other projects. Many developers are trying to lure buyers by providing world class amenities like as a gym, garden, conference room or a swimming pool in such buildings. Since such buildings have a maintained entrance, security is also available.

In the last few years, residential properties in Neral have been announced by top real estate companies. These developers are collaborating with Indian property developers to attract home buyers with super – luxury, stylish and trendy penthouses and flats. So if you are willing to buy a property house in Neral, check the developer available on the internet.