|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.|
When you earn a lot of money and don't know where to spend it, then investing in a dream home is a best choice. A house speaks of you. It will tell you about your personality, style, choice, passion, moreover, the way you decor it, will show your charisma in it even without your physical presence.
Each one of us has a small world of our own. It is one intimate space where we are what we really are. No disguise, no mask, away from the outside world we create a world of our own, which turns a house into a home. Like, if you see a night sky, it's full of stars, each star has its own light though some shines brighter. And everyone wants to know which one is it? Likewise we have legendary stars living with us on Earth and everyone wants to know their favorite star's way of life, how he/she lives in their own created world.
So here we are listing few great homes that hum a unique and big style of life of great living people around us. Some of them are great artists, sportsman, top businessman and actors. Let's peek inside the houses of the few.
Name of the House: Mannat
Property Worth: 125 crore to 150 crore
Site: Band stand, Bandra
Everyone knows the king of Bollywood, and his fan following. The one who came empty handed to the B town and now owns not just one but more palatial houses around the world. His house Mannat in Mumbai has given a status of a monument that means, which will not be demolished. Decor of the house is done by Gauri after roaming and searching around the world. The house is another name for luxury with five bedrooms, multiple living rooms, libraries and gymnasium.
|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.|
A luxurious sky bungalow
Property Worth: Flat worth Rs. 34 crore
Site: Worli, Mumbai
The one of the luxury pads in the tower is not ready for possession yet, but it's going to be one of the most luxurious apartments in the B-town. It's being constructed by Omkar Realtors & Developers, a premium property developer. With all the up-to-the-minute lavish and first of its kind amenities, the cricket player will share the locale with his friend and team mate Yuvraj Singh who has bought one on the 29th floor.
Name of the House: Prateeksha, Jalsa
Property Worth: 75 crore for Prateeksha and approximately 160 crore for Jalsa
Site: Juhu, opposite Tulip Star Hotel, Mumbai
One of the landmarks in Mumbai is Prateeksha in Jalsa with a living space of 10,125 sq. feet. Daily thousands of people from around the world wait outside this dream town to see a glimpse of their favorite star.
Name of the house: Antilla
Property Worth: 4000-6000 crore
Site: Altamont Road, off Pedder Road, South Mumbai
Kissing the sky with 27 stories, each story is double of a ceiling height, so it actually has a height of approx. 40 storeys. It is a mythical island in the Atlantic Ocean. Designed by a Chicago based architects Perkins + Will. A must be Marvel of B-town.
Name of the house: House at Galaxy Apartments
Property Worth: Rs 16 crores
Site: Bandstand, Bandra
The bhai of B-town, Salman khan and his family resides in Bandra near to two big stars of bollywood – Big B's home Prateeksha and Shah Rukh Khan's Mannat in Galaxy Apartments.
Now buy a 2 or 3 BHK apartments in a beautiful location Kajaria Greens Alwar Bypass Road, Bhiwadi and enjoy lifetime in the house of your dreams.
|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.|