|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.|
Being a consumer, how often we harm the environment for the sake of our better lifestyle. Life is too short and we have fewer choices that will impact the quality of life of our followers. Yes the next generation. For the sake of our next generation we need to go for sustainable development. One of the life time decisions is the home that we own.
Small is beautiful
Huge mansions were the late trends. This is the time for the right size for its occupants and their activities. Large houses can fit the ego of the buyer but it cannot fit a sustainable lifestyle. Building a large house consumes more construction of material and use a tremendous amount to energy. The key to choose a home is resourceful use of space, good organization and keeping the belongings at manageable level.
Good solar designs will provide the requisite amount of sunlight in the room. For general comfort living, you must get the enough solar radiations to avoid the temperature fluctuations.
|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.|
There are many ways to reduce the energy consumption. Using solar or wind energy to produce electricity is one of the alternatives. You need to be careful when using the resources because these are limited. Use Compact Florescent Lights as they consume one third of electricity as compared to standard bulbs. Be sure to avoid the electrical appliances that consume electricity just by plugging in such as phantom load.
Water is the elementary need of every living being. There are low water capacity toilets, flow restrictors at shower head and other water saving tools that can gallons of water. Using the rain water harvesting system and effluent treatment plants will help to save gallons of water. These are very effective and safe way of water conservation if bacterial infestation is avoided.
Recycle the materials
The materials that already exist are often used, because this act will not promote the creation of more of them. Recycle can save a lot of natural resources that will be consumed by coming generations.
To promote sustainable architecture, government introduced the concept of green buildings and in order to promote the concept, announced some incentives for green building. Many developers claim that their buildings are green buildings but developers need to qualify certain ratings set by IGBC. Lotus Greens Group is one of the leading developers which is helping to carve out the concept by launching the green projects at different locations.
|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.|