|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.|
Real estate has shown many different projects so far. Few builders are concentrating toward the residential and others are concentrating toward the commercial properties. But few developers are still concentrating toward the differentiation amidst the demand. After the announcement of 100 smart cities in India, the proposal of smart building and smart homes are come to existence. A socio section of the building makers have already dedicated toward a different concept to construct green homes.
Green Houses –
The houses is fully covered with lush green landscape and complied with the eco friendly materials. A home with complete healthy, energy efficient and cost consuming that decreases the rates and power usage to easily protect the environment.
This is the agency evaluates the rate of green building in the terms of technicalities by the energy and resources institute – Building are rated filtered by their designs, systematic management, air ventilation, recycling management, environment quality and usage of eco friendly materials.
|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.|
Green Home evaluating factors –
Considering the concept of eligibility rating to Green homes by GRIHA, Green homes must have; less energy consuming, water and other natural resources, water harvesting, energy producers in the site, reusing the rain water, good food production in site, recycling process of waste materials.
Priority to making Green homes –
The priority of making this type of construction is targeted to decrease the harmful impact of development on the environment, energy conserving, water harvesting, reduce the usage of chemicals and constructive elements and make the place lush green environment.
Rate description compared with non green homes –
Green home is not extra cost taking. It is an easy request to conventional learning's, redefinition of the home, in benefit for the tomorrow and request in the expectation to reduce usage of materials. It has better described by Reproduce, Recycling, and Reuse.
The realty sector is a major role player in the contribution to production of pollution while in constructing process. As considering the aspect of greenhouse gases, indulging with the lifecycle of the buildings.
Considering a report of Lotus Group, buildings in India consumes almost 20 per cent of the available total energy in the country. And the process of exploration the consumption energy is increasing as per the time.
|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.|