How Much Can I Pay Monthly To Buy My House?

Buying a house is the best investment we can make in life, not only because you will live in it; if not also because acquiring a property will allow you to create your own heritage.

Nowadays mortgage loans are very common, but doing it this way generates a long-term commitment with a financial institution or a bank and this over time affects your liquidity. Wouldn’t you like to buy a house and pay for it in cash?

How can you save?

Before embarking on the adventure of saving, we must analyze our finances very well and determine if they are healthy at this time. The health of your wallet is the green light you need to be able to raise enough money to buy the home you want.

Your savings should cover more than the cost of the property

In addition to the amount of the property, you need to save for the down payment of the property or what is commonly known as a down payment. It is always recommended to allocate the highest possible amount to the down payment, since it is the best invested savings.

In addition to the down payment, there are other items that must be paid as an extra to the payment of a property, for example: the notarial payment, among other expenses. After this, you can consult property dealers in India.

How long does it take to save enough?

The time you propose.

For example; you can start by opening an investment account with 6% per year, where you deposit a certain amount of money for at least three years, with this your savings will accumulate a considerable sum of money, which may be enough to cover the down payment.

This plan not only demonstrates your ability to save, but also helps you reach your goal of buying a house for cash.

Advantages of buying a house with cash with your savings:

  1. Paying in cash avoids commission and interest charges
  2. Having the total amount of a house allows us to negotiate better prices.

When you have cash in hand and make the payment in cash, you have the right to choose your own notary, which will allow you to reduce the cost of the deed.

How much money do we have to save?

In order to save, experts recommend that we should not spend more than 30% of our income.

Since according to the experts with this figure we could live modestly and on the other hand save what is necessary and enough to be able to buy the house that we want so much without the need to embark on a mortgage loan that could take us our entire life paying it.

You can also contact property dealers in Noida for a much more safe transaction. In order to realistically plan the costs of buying a house and the subsequent home purchase loan, you need to calculate your monthly resilience.

Spaces Of An Apartment Most Liked By The Tenants

If you have an apartment or a house to rent, you know that you have a guaranteed income for life but you also know that you have an obligation. One that begins with the way you offer it to those interested in their income. And it is that whoever is looking for a house to rent is looking for a house in the full extension of the word, a home to move into. And offering it requires a whole staging.

What spaces should you highlight when showing an apartment for rent?

The first recommendation in this regard is that you get yourself a good photographer. Someone who knows how to highlight the way in which natural light fills the spaces in your apartment, who knows how to highlight the materials of its finish and, of course, who knows how to hide the small flaws it may have.

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The spaces that are most sought after by people who want to get an idea of ​​an apartment for rent are the traditional coexistence spaces: the living room and the bedrooms. Followed, very closely, by the most problematic spaces: the bathrooms.

Why these spaces? People who come to live in rented properties in Delhi want to convince themselves, before any other detail, of its habitability and the standard of living it offers. First the pleasure, the living spaces, and then the health ones, the bathrooms.

How to favor the key spaces of an apartment for rent?

Decorate. Do not use old furniture, but if you have a bed or a sofa that allows newcomers to get an idea of ​​what the house will look like once inhabited: warm and functional.

Repair. Not a leak, not a mold stain, not a nasty smell. Especially in the case of bathrooms: a small outlay on the plumber can earn you a loyal tenant.

Hire. Go to a real estate agency. Let an expert show your house. They know their business and with their speeches they will make your home look a hundred times more appealing.

Choose the time of the visit. At noon, when the light is pouring into the rooms, it is the best time for your house to offer its best face.

If the cabinets in your rental house are unsightly or the doors, when opened, do nothing but get in the way and crash into the bed, do not hesitate to remove them and put, in their place, some simple curtains.

This solution is economical, comfortable and helps to maximize the meters of the rented property in Delhi. Or if you want to spend a bit more: change handles and paint their fronts.

Either because they are many years old or because they have a tone or moldings that do not go with your style, the interior doors of a rental house can be another of its weaknesses.

Decorate them with a textile or detail, even with a vinyl that can later be removed. Another possibility is to try to give them a different touch with new knobs or handles.

Rent A House: What To Pay Attention To

A lease implies the relationship between two parties: on one side the owner, on the other the tenant. Both must protect their interests and protect themselves from unpleasant surprises, but at the same time honor their duties.

So let’s see what things to pay attention to when renting a property.

Advice for owners

On the part of the owner there is always, understandably, the fear of putting someone in the house who then does not pay and therefore it is legitimate to choose one’s tenant carefully, considering the long times that would then be met with an eviction procedure.

On the other hand, the weight of taxes on a vacant property is rather onerous, so that it is not at all convenient to keep an empty apartment.

To this end, therefore, it is permissible to inform oneself of the working stability of the prospective tenant, asking him for a copy of his last pay slip or income tax return, and thus guarantee a certain security of payment.

Another trick is to request a bank guarantee. In this way, in the case of insolvency of the tenant, the owner will be able to turn to the bank to collect the arrears. This is the so-called “first request” guarantee. It is important that the guarantee includes this clause because otherwise, it will not be possible to collect the credit before the bank has collected it from the debtor.

Advice for tenants

But even the tenant of rented property in Noida must be careful to take care of his interests.

First of all, it must be said that the economic crisis has increased the number of Italians looking for a house for rent, given the difficulty in accessing the property.

Those looking for a home should be careful when the proposed rent is too low compared to the average in the area, so it is advisable to do a little market research about it.

During the visit to the building, it is necessary to check the functioning of the systems and also check the taps, shutters, and other mechanisms.

It is also necessary to check the correspondence between the declared square meters and the real ones, as well as the correspondence between the cadastral category and the intended use of the building.

Once you have found the property, you absolutely must not pay any rent before signing the contract.

At the time of stipulation, you must always obtain a receipt of the deposit paid (for which the law provides for a maximum of 3 months). Otherwise, you risk not receiving it back when the property is released.

This deposit, among other things, must also be returned with interest accrued over the years, which will not be a large sum but is due.

The inventory put in writing above, together with any photos taken at the time of entry, can also be used by the tenant himself, to avoid the unjust request for maintenance costs not due.

Indeed, when leaving the house, it is a good idea to write a release report, which describes the conditions of the property. Once signed by the owner, it can no longer be contested.

Finally, as soon as the tenant takes possession of the rented property in Delhi, it is necessary to transfer the utilities as soon as possible, because the new tenant cannot be in any way responsible for any debts of the previous tenant.

Mortgage Or Rent? What Should You Do In 2018?

Among the good intentions that you may already be doing for 2018, there may be that of moving home.   This is an important step, which opens a whole new page in your life. But it is also a step that involves questions such as: is it better to light a mortgage, or continue to live in rent at rented property in Delhi?

To want to hear the owners of an apartment, lighting a silent is not convenient either in 2018 or in the future. The taxes to be paid on real estate are exorbitant, and those who buy a property as an investment eventually find themselves paying more than they have spent.

rented property in Delhi

 

To want to hear the tenants, owning a home is a real fortune. The money paid to pay the rent in a certain sense is given to the wind since it is a charge that does not produce any advantage. Moreover, since rents are getting more expensive, turning on a mortgage is convenient. At least, the money spent in 2018 will be well invested.

Rather than relying on personal opinions, we try to understand what may be the pros and cons of each choice.

The Advantages of Choosing Rent

In 2018 you could live in a better apartment than you hope

With market prices soaring, it is now unthinkable to spend less than 200,000 Euros even for a cubbyhole of a couple of rooms and fifty square meters. If you choose to rent in 2018, you will have the advantage of living in a larger and better apartment than you could buy with your savings.

Availability for more profitable investments

If you choose to rent in 2018, do not keep the money needed to pay the loan. You can then use this amount for much more profitable investments and with a higher return in the short term.

A Better Life Standard in 2018

Yes, we know: the money paid for renting will not allow you to acquire the rented property in Gurgaon where you live but in the situations, you can use the amounts you save each month to give you the small joys of life. These are joys that you may have to give up in 2018 if you choose to light a mortgage. There are not a few cases of those who, after having lit a mortgage, find themselves having to count the 10 cents pennies when they go to the supermarket think about it: would you like it?

A Home Always Suitable for Your Needs

Maybe a child will arrive in 2018, and the family will grow bigger. You will need an extra room for his games and his belongings. If you live in rent, you will always have the possibility to leave the apartment to look for a bigger one. If instead, you take on the burden of a mortgage; in 2018 you will have to stay in the apartment where you already live. With the prices they run, it may be an apartment too small for the needs of your family.

Features of Search and Rent of Office Premises

In this article we will talk about the nuances associated with the features of the search for office space. It’s no secret that sooner or later, almost every company faces the task of renting an office. There can be a lot of reasons for this: from changing the size of the company, ending with the company’s entrance to a new level and, as a consequence, the need for a more (or less) presentable, and therefore expensive, office.

Rental of office space with the help of the property dealers in Noida

Quickly you can rent an office through a real estate agency with regularly updated bases. In this case, you should choose only a proven agency that accompanies the transaction in stages.

The advantages of renting a property include a lower cost than with a purchase. In addition, you can move immediately. Business centers are located throughout the territory of Delhi, so there will be no problems with the choice of location. It can be a spacious comfortable room with modern reception rooms or small compact facilities.

When choosing office real estate, you should pay attention to the following factors that affect the rental price:

  • Property location- The most expensive is renting in prestigious business complexes, the city center or near major highways;
  • Class of the building;
  • Technical equipment of the office;
  • Area and planning.

Renting an office space in Gurgaon at once for a year is more profitable than for a month. For landlords it is more profitable to issue a long-term lease of real estate than to search for a new tenant every month. That is why the cost of annual office rent is usually lower than the monthly one. Renting an office is a responsible step, so you should first solve the most important issues. One of them is location. With a large attendance of the object should choose the city center, and at a low – remote areas and not the first floors.

You should also take into account the purpose of the building: an administrative or residential building with separate entrances on the ground floor or a business center with conference rooms, parking and a cafe. Then it is necessary to determine the desired area, the number of rooms and the need for additional facilities (toilet, security room, etc.).

Office in Residential building

Rent an office is possible in the non-residential premises of an apartment building, if its activities do not interfere with the tenants. The office can be located on any floor of the building. The right to open an office is with the owner of the premises. There are certain restrictions on the placement in the residential facility of the following facilities: chemical laboratory, industrial production, etc.

Upcoming expenses

When accounting for costs when renting non-residential real estate, in addition to the area and finishing, you should take into account the cost of utilities: water, electricity, heating, sewage, telephony. Also, you should think about how to organize video surveillance and whether it is necessary. These costs can already be included in the rent or paid separately. The upcoming expenses may also include repair of the premises.

Advantages of Renting an Office in the City Center

You decided to open your business and, of course, immediately faced a few primary questions, among which the first is the question of renting an office space, where will your company be located? We understand you. Certainly, the selection of the optimal room is not an easy task, it requires time, patience and attention to detail because it is the appearance of the office that the first visitors will begin to judge about you. They meet, as they say, “On clothes” and we will help to look solid, strict, reliable and responsible for your business!

Any organization that starts a commercial activity seeks to occupy the best square meters located in the busiest, most accessible and business district of the city. Of all the possible places in the city, people in business, most often, prefer to buy or rent an office located in the city center. Why rent an office in the center so popular?

Convenient location: The office located in the central area of the city is always convenient for both employees and customers of the company. Immediate proximity to the main transport lines and bus stops allows you to get to the office from any point in a short time.

Developed infrastructure: Rented property in Delhi guarantees you to provide all necessary engineering networks: a clear telephone connection, as well as an uninterrupted Internet.

The high permeability of people, which means that the company’s office located in the center of the city will always be visible to everyone.

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How to Transfer the Apartment to the Status of Non-residential Premises?

A fairly common phenomenon to date is the placement of offices, shops, medical offices in converted and re-planned apartments. Renting office space in Saket or other commercial premises in big cities is often very expensive, so many entrepreneurs, especially beginners, cannot afford to rent such premises. In this case, it is advisable to buy an apartment in an apartment building on the first floor and convert it into an office or shop.

In the beginning, it is necessary to transfer this apartment to a non-residential fund.

There is an exhaustive list of documents required for the transfer, and grounds for refusing the transfer. In India, there are regional regulatory, legal acts regulating the procedure for transferring premises from a housing stock to a non-residential one.

Transfer of living quarters to non-residential premises is not allowed if:

– Access to the transferable premises is impossible without the use of premises that provide access to living quarters, or there is no technical possibility to equip such access to this premise.

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Where Should I Invest- Commercial or Residential Real Estate

For some time you have been observing commercial real estate transactions, and you already own one or more buildings. Alternatively, let yourself be tempted by a residential building that can help you finance your retirement. Before you get started, do you know all the responsibilities, as well as the advantages and disadvantages of these types of investments? Whether you want to operate in residential or commercial real estate, the relevance of investing is undeniable.

So what to choose: invest in residential or commercial real estate?

Commercial Real Estate
Advantages
Investing in the real estate sector has its pros and cons. Benefits first!

The property could very well gain in value, and since you are responsible for the management of the rents, it is also you who reap! Also, there are costs associated with your loan and the depreciation of the building may be tax deductible.

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4 Steps to Find a Suitable and Quick Apartment or Property on Rent

What is the purchase of housing for rent with redemption, how such deals are concluded and what steps are necessary to pass who wants to buy housing for rent with redemption? To date, the real estate market is crowded. Newspapers are full of ads about buying, selling or renting housing. However, this property can be either residential or suburban or commercial. The latter, in turn, is often leased, although cases involving the purchase and sale of such square meters are quite common. All responsible buyers, sellers, tenants, and guests want to find reliable partners that you can deal with, and you can be sure of them.

Step 1. Determine acceptable terms of purchase

The absence of formalized restrictions on the conditions of a lease with a buy-back, on the one hand, gives everyone, regardless of income level, the opportunity to find a suitable option. But on the contrary, it can lead to a state of “I do not know what I want.” It is necessary to evaluate their capabilities to solve, how much you can pay each month, which objects you want to buy. From this will depend on the key terms of the rented property in Gurgaon: the total cost of housing, the period of redemption, the amount of payment, the presence or absence of the down payment.

Step 2. Search for a rented properties in Gurgaon

You can do it yourself, through acquaintances, or research resources with ads, or with the help of an intermediary – a company or a company. Unfortunately, rent with a buy-out is a non-typical transaction, that’s why there are few such offers, but they are there.

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What is the difference between Residential and Commercial Real Estate?

Do you know the differences between residential and commercial real estate investment? An investor who bought two commercial and residential properties should be aware the difference between the two to avoid getting from trouble. There are many details that distinguish these two types of properties from one another. To get the most out of your situation, you need to know what commercial real estate is, and how it differs from residential properties.

The residential real estate deals with properties for people in their habitat such as houses, apartments, real estate, etc. The commercial real estate refers to a building or land intended to generate profits in capital gain or rental income as a showcase, an apartment complex, a building for office space in Delhi, shopping center, etc.

It is essential to differentiate between the two types of real estate when buying or leasing because the process of buying or leasing these properties can be very different.

The most fundamental difference is how the two types of properties are used. In residential real estate properties, people live that includes single-family homes, condos, townhouses, etc. Whereas, in a business property where people work, which includes things such as office buildings, shops and other properties along these lines. So, as you can see, you live in a residential real estate and working in commercial real estate.

Also, the way you invest in both can differ significantly. Although real estate investment is similar for both, the fact of the matter is that your strategy may be a little different for some various reasons. If you are buying commercial real estate, you will probably spend more money. Even though it not always the case, but most of the time it is true. For this reason, you will need to modify your initial strategy to be on the right track.

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