Ultimate Real Estate Destination For Those Who Want To Buy Affordable Property

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.

The DDA has decided to develop Delhi into 15 zones and L zone Delhi, which is prime focus in West Delhi is one of the largest part and it is spread over an area of 22,840 hectare of land. Recently, government of India has selected 20 cities from all over country with an aim to convert them into the smart city and Delhi is one among them. However; the main objective Delhi smart city will be to provide to provide ultramodern facilities and amenities in interconnected urban society through technology driven solutions in ecologically sustainable manner. Smart City is an integrated model and for the success of this model active participation of residents, private organizations and government authorities is essential. As a responsible citizen I will actively participate in all programs of state government and I will spread awareness among other people through social media and personal network. No city can overlook the contribution and role of responsible citizens because we are the highly educated workforce which can actively participate in government programs for the establishment of good governance by following rules and asking others to do the same.

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.

Like other smart cities in the world, Delhi needs smart solutions and its L zone Delhi which is following the concept of smart city very closely with all the needed facilities and amenities such as; parking, transport, power supply, CCTV surveillance, weather forecast and other services more efficient with an aim to help the people to live comfortable life. Delhi is the capital of country and it represents mix use of city such as; for agriculture, industrialization, peace-loving population, rich natural resources and adequate water with peaceful environment, but due to more consumption of electricity now Delhi needs need to generate solar power and use LED lights in street lamps to fulfill he power gap of the city because water, electricity and organic food is the basic need of city. In Delhi people are looking towards the more efficient parking system and for that state government can use parking automation techniques, however; to stop crimes in the city there is need to do CCTV surveillance in high criminal activities zones. However; L zone Delhi is closely following all the mentioned services and preparing the need infrastructure for the mentioned services with an aim to provide the living standard of international quality.

The DDA, has implementing smart solutions very positively in the L zone Delhi on the basis of Public-Private-Partnership Model and Collaboration Model where local leaders should ask residents to actively participate in government initiatives for the cause of good and bring positive reform in city. People should come with creative ideas to make city a better place to live and they should share it one the social media, so that government agencies can take appropriate action to use their creative solutions in real life.

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: March 2, 2018 — 12:55 am
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