Author Archives: 92seyed

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Residential Plots In Chennai

Tips to choose your ideal home | myvg

When looking for a home, search for one that you could see yourself living in for several years at least five to seven years is ideal. Buying and moving to a new home takes a lot of time and effort, and can add up significantly in closing and moving costs, etc. Staying in place longer will help you avoid those added expenses. Plus, the extra time spent in your home could be just enough to help you ride out a downturn in the real estate market.

Think about future before invest

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Aim for a home that can adapt to your needs as your life changes, say, if you have a new baby, or Junior moves back in after college. If you can’t afford a place that’s large enough to meet your anticipated future needs now, look for one that will allow you to build on later on.Consider a place with rooms that can serve multiple functions, so the home remains highly functional for you through the years. For example, an open-floor-plan-style home is very adaptable. A kitchen that overlooks a family room is helpful when one’s children are young (you can cook while watching the kids), while such a kitchen is also great for entertaining your friends once the kids leave the roost.

Choose your cup wisely

Residential Plots In Chennai

Think about what style of home fits you best — house, condo, townhome, etc. — they’re not one size fits all. For example, a single-family home — which sits on its own lot and must be maintained by the homeowner — may be great for a person seeking privacy, but not so wonderful for somebody who doesn’t want to worry about mowing the lawn, fixing the plumbing, etc. Meanwhile, a condo might be perfect for somebody who wants a “lock ‘n’ leave” lifestyle, but not for somebody who doesn’t like sharing a wall with his neighbors.

 

 

Buy affordable home. Always!

 

It’s easy to shoot for the sky and overspend when buying a home — you understandably want the best your money can buy. Examine your finances, keeping in mind current and future expenses, and don’t exceed your means. It’s smarter to buy a home you can easily afford to your budget than one you have to stretch to get into. Stay down to earth, and you’ll be better prepared should unexpected financial commitments and problems arise later down the road.

When purchasing a home, don’t imagine the dollar signs you’ll see the day you sell it. A home is just that — primarily a “home,” and not an investment. So, buy a place that’d be great to live in first and think about its resale value second. Predicting real estate cycles and home appreciation is tough enough for the experts — and much more for the average home buyer. Plus, while home renovations tend to add value to a residence, they rarely recoup more than what was spent on them.

Look at both old and new

It’s nice to move into a place that’s brand-new. But, new isn’t always better. Consider both old and new. While you might not like a previous homeowner’s decorating decisions, you might like the owner-installed upgrades — like a finished basement and a backyard deck — that a new home might not have.

Location and loveable surrounding that matters .

 

 

You’ve heard this tip before, but a home’s location does matter. A house that’s located on a busy, noisy street may be less enjoyable to you as a homeowner than one situated on a quiet to be worth more than a poorly located one when it comes time to resell. So consider a home’s location before you’re smitten by a spectacular interior.When you purchase a home, you not only get a house, you also buy into a neighborhood. Think about whether that neighborhood will suit you. Sure, you might love the house itself, but will the loud neighbors next door or the school across the street become too bothersome for you? Also, do you like the feel of the neighborhood and does it offer everything you need? It’s best to find a place in a community that you’ll enjoy.

When it comes time to sell

While you want to think of your place as a home first and not an investment, it doesn’t make sense to purchase a white elephant, either. You should put at least some thought into how easy — or difficult — it’ll be to resell the home one day. If a home is so unlike other nearby homes in terms of size, style, price, etc., you might want to skip it and look elsewhere — it could become a burden should you want to someday move on.

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Why to invest in real estate chennai in 2018?

Real estate is a great investment for many reasons. You can enjoy an excellent rate of returns, amazing tax advantages and leverage real estate to build your wealth. Here are the top five reasons why real estate is a great investment.

real estate investment

Real estate provides better returns than the stock market without as much volatility.

Historically in real estate, your risk of loss is minimized by the length of time you hold on to your property. When the market improves, so does the value of your home, and as a result, you build equity. The risk never changes in the stock market and there are numerous factors beyond your control that can negatively impact your investment. Real estate gives you more control of your investment because your property is a tangible asset that you can leverage to capitalize on numerous revenue streams, while enjoying capital appreciation.

Real estate has a high tangible asset value.

There will always be value in your land, and value in your home. Other investments can leave you with little to no tangible asset value such as a stock which can dip to zero, or a new car which decreases in value over time. Home owners insurance will protect your investment in real estate, so be sure to get the best policy available so your asset is protected in the worst-case scenario.

Real estate values will always increase over time. 

History continues to prove that the longer you hold onto your real estate, the more money you will make. The housing market has always recovered from past bubbles that caused home appreciation to slip, and for those who held on to their investments during those uncertain times, prices have returned to normal, and appreciation is back on track. Now, real estate investors in the top performing markets are enjoying a windfall. In fact, this past year, every state in the nation had a positive appreciation, and some of my  real estate chennai clients market have made crores of rupees in less than a year from flipping.

An investment in real estate can also diversify your portfolio.

If you’ve ever spoken to a financial planner about investing, then you are very aware of the importance of diversification. When you diversify your portfolio, you spread out the risk. Real estate will always serve as a safe tangible asset to mitigate the risk in your portfolio. Many have amassed wealth by solely investing in real estate.

Last but not least, real estate investing comes with numerous tax benefits.

You can get tax deductions on mortgage interest, cash flow from investment properties, operating expenses and costs, property taxes, insurance and depreciation (even if the property gains value) and other benefits. The end of the year is a very busy time for real estate because people want to take advantage of the numerous tax benefits before the end of the year!