Eco Friendly Homes New Trend Prevailing Among The Residential Construction

Buy sell Property & Real Estate Investment Guide

Buying Property Tips#1: Choose the Right Location
Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.
Buying Property Tips#2: Study the Local Market Dynamics
It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.

As the climate effect is experienced all across the world, and with the construction industry responsible for as much as 40% of manmade carbon emissions, both governments as well as the individuals are holding the task of constructing eco friendly houses very seriously. Fuelled by the increasing demand, the construction industries are majorly focusing on the eco friendly measures. This includes installation of solar panels, ultra efficient insulation, high efficiency lighting, water conservation, recycling etc. Green houses or eco friendly houses are the latest craze in the Indian real estate sector. With the significant growth of market for green homes, several renowned builders and developers are emerging with green building features that includes proper ventilation, energy efficient designs, rain water harvesting etc. With the property buyers getting more conscious on the environmental issues, residents of Delhi/NCR, Mumbai, Bangalore and Hyderabad are getting inclined towards these types of housing options.

The eco friendly buildings signify with the apartments constructed with the aim of reducing the negative effects on human health, by reducing environmental waste and pollution. Unlike conventional building, the major aim of the green building is to minimize the consumption of the natural resources, thus imparting healthy environment as well as enhance the energy efficiency. Catering the demands, several renowned builders are seen to adopt the green building standards while constructing new residential projects. The IGBC is involved in developing green home rating system.

Buying Property Tips#3: Choose the Right Property
Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.
Buying Property Tips#4: Do the Math Properly
Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.
Buying Property Tips#5: Consider Additional Expenses
When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.

In order to grab the best of the advantages offered by such construction, real estate builders in NCR and other regions are seen to get adhere to the eco friendly building standards. Several advantages can be obtained through waste management, rainwater harvesting, energy efficient designs and sewage treatment. These include: saving of energy consumption that us mainly used in home appliances, heaters, air conditioners etc., helps in minimizing pollution, ensuring proper light and ventilation, reduction in the energy consumption while using fans and tube light during day, rainwater harvesting is installed due to maintain the demand for the scarce water supply, water management takes care of unnecessary water blogging during rainy season, helping in reducing the causative agents of several diseases.

As the demand for such eco friendly houses is increasing drastically, IT professionals majorly in the metro cities are getting well versed with the trend and thus understand the benefits of living in eco friendly homes. Residents who have invested on such houses are leading life very happily with the environment and ambience they are blessed with.

Lotus Parkscape is one of the lavishly designed residential projects put forth by Lotus Greens. This exclusive residential project is located in Yamuna Expressway, Greater Noida and boasts 2 and 3 BHK spacious apartments.

Buying Property Tips#6: Inspect the Property
To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.
Buying Property Tips#7: Pick the Right Financing Option
While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.
Buying Property Tips#8: Invest through Equity
One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.
Updated: October 21, 2017 — 7:01 am
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