How To Successfully Negotiate Office Rental Conditions?

When you decide to rent an office , you enter into a tenant agreement with the landlord through a rental agreement. This contract includes various provisions, such as rent, the number of square meters of office, a free rental period and other special regulations. Negotiations can always be done on these provisions!

  1. Measure office space before renting

After you have calculated the amount of office space you need, you have found a space that meets this requirement based on (AN), (AT) or (AA). Net area (AM), work area (AT), or leasable area (AA) are just difficult real estate terms that can make it difficult and confusing for you as a tenant. Because, how many square meters of offices are you going to rent now? According to real estate agents in India, the standard for the Measurement of Office Spacesis:

(AN) | The Net Area is the space delimited by a Border Line except the area occupied by all the constructive elements that delimit it or are structural.

(AT) | It is the area of ​​the Net Area on which you can walk or have horizontal support furniture, or elements that belong to a tenant.

(AA) | The Leasable Area will be the area within the outer perimeter of the building’s enclosure, measured at the height of the finished floor, less the area of ​​vertical voids or voids intended for the circulation of elevators or distribution of Facilities.

  1. What is the duration of the lease?

In the past, the minimum duration of a lease was 5 years, the trend now is to rent flexibly. You can make a lot of profit as a tenant at this point in the lease and the length of time. Renting an IT office space in Delhi for a workplace can be for periods of one month. For a larger office, a 1-year period is quite normal.

  1. Take advantage of the freedom of rent negotiation

Many thinks that the established rental price is fixed, but nothing is less certain. The rental price can always be negotiated when the rental conditions are established. Especially when you are going for rented property in Gurgaon, be stronger in the rental negotiations. Take advantage of this opportunity! But savings can go up considerably with smaller office buildings too, so always try to negotiate the right rental price. Often there is room for the owner to decrease. Take advantage of this freedom of negotiation!

  1. Have you chosen for an all-inclusive rental price or are the service costs not included?

In many office concepts there is an all-inclusive rental. But service costs are not always included in the rental price of rented property in Noida. In addition to the basic rent, an amount per m2 per year is charged, among other things, for the use of gas / water / electricity.Therefore, pay attention to the level of service costs. Do the calculation in advance so that they are not a surprise on the final invoice.

  1. Choose the largest rental discount possible

An important point of negotiation is to get a discount on the office rent. During negotiations, try to get a discount on rented properties in Noida.
The free rental period does not always occur in practice, certainly not when there is a flexible lease term. For this reason, options such as a rent discount or progressive rent are also used. An office rental discount means that you rent the first or first months with a certain percentage discount. Progressive rent means that the rental price is increased multiple times by a specified number of times.

Start by negotiating the office rental conditions

Why Rent A Furnished Office?

Renting and furnishing an office is one of the most expensive investments an entrepreneur can make. And if you’re just getting started or just don’t need full-time office space, you might think your options are limited.

Furnished office spaces have created a smart alternative to the traditional office, eliminating all unnecessary fees and at the same time providing a fully functional office whenever you need it.

4 advantages of renting a furnished office

  1. Do not require an establishment process

Ask anyone who has gone through the process of establishing an office and they will tell you how many different pieces are needed to complete the puzzle. But why would you waste time and money if you achieve the same results without having to make such expensive investments? The offices furnished fully come equipped and ready to go. That means you can stay focused on what is really important to you and your business without creating unnecessary blockages and difficulties.

  1. A professional and relaxed environment

Regardless of your industry or state, your image is probably important to you. The fully furnished office space in Delhi gives you instant credibility in the community, you can win the trust of customers, colleagues and potential and existing customers quickly and easily.

  1. It is profitable

If you are like most entrepreneurs, staying within the budget is essential. The furnished office spaces give you all the functionality without the great price tag. In addition to that, they usually include all the services, so you will only pay one bill per month with all the services included.

  1. It gives you space to grow

Just as a plant needs an adequate environment to grow and prosper, your business also needs space to spread its roots and the right ingredients to make it grow. Virtual office spaces and furnished offices allow you to extend your professional wings by offering customized office solutions that you can fold and mold to meet your needs.

The furnished office rental

The best thing is to rent an office where everything is already available. When visiting a fully furnished office space in Noida for rent, you can immediately see the design of the office and you don’t have to imagine how it will be. A furnished office means less expenses. You don’t have to worry about whether the furniture you already have fits and you don’t have to stress about moving. You can start right now in your new office for rent.

What is the business centre?

To understand what a business centre is, you have to know more about an office building. An office building is a building in which more companies are located. A business centre is a more luxurious variety of an office building, they offer more services to entrepreneurs who rent an office.

That’s why you have to rent an office in a business centre

What are the biggest advantages of renting an office in a business centre? Our description of a business centre has already given you an idea of ​​the advantages. The 3 biggest advantages of renting an office in a business centre is a furnished office, an all-inclusive rental price, and the services that are available.

What Should We Pay Attention While Buying Housing?

Housing to have the dream of all and this is the first of our objectives in– life.

Achieving personal and financial independence creates a feeling of well-being, but achieving it can cost a lot; however it takes a little effort and knowing how to manage your budget very carefully.

Before thinking about becoming completely independent, you must take into account certain factors such as your income, your expenses, savings, etc. When you know what you have to become independent, you can have a control and information approach.

If the idea of ​​becoming independent has been around in your head for a while then take these practical tips into account before carrying it out. If you have decided to go live alone, you should not only worry about buying furniture and accessories for your new home.Real Estate agent

First; take into account what type of house or apartment you can pay, remember that if you decide to become independent, you will only cover the expenses of rent, electricity, water, and gas.

Second; you can look for a house to your possibilities through friends or family to start you can look for a small bedroom, where you do not have to invest as much in furniture.

Third; do not always keep the first apartment or house that they offer you, many times the emotion of going to live alone causes us to make mistakes such as not investigating which house is convenient for us.

Take the following into account: 

Apart from taking into account that the price of the rent should not be too high, before choosing where we want to live, we must take into account that the place we decide is close to our workplace, this will help us save time and money on transport.

What Are The Important Points When Buying A Housing?

There must be some official issues. For example, is the floor easement of our building established? Does he have a settlement? Is our building suitable for credit? Is there a legal problem arising from the contract between the owner and the contractor? Is there a common area occupation in the building? Does the person who sells really owns this property?

The identity information of the person selling with the title deed must be overlaid. Because sometimes you may encounter some surprises. Be careful not to be scammed. Another point to note, is there any demolition decision in the municipal file? Has a report on the building been kept? It must be investigated.

If we are going to buy an old building, first of all, it should be checked with property dealers in Gurgaon about the strength of the building, especially the condition of the beams, starting from the basement of the building.

Investigations should be made for any corrosion. It should be noted whether there is an installation passing through the columns and whether the columns damage such installation.

You should definitely check the rust rate of the irons and the humidity of the floor of the basement. At another point, it is necessary to investigate whether the number of floors in the project in the municipality holds the number in its place.

Also, is there a difference between the floor in the plan and the floor now, it is absolutely necessary to examine it. Otherwise, you can remain victimized after choosing a house.

What Do Millennials Expect From Real Estate Agents?

What millennials who want to buy housing expect is that their real estate agent uses the technology to make the operation faster and without complications, process the information to expedite procedures and anticipate possible problems. Real estate agents under 35 will increase their influence as clients in the real estate sector, by centralizing 30% of operations in 2019. In the case of purchase for the first time, they exceed 60%.

PROPERTY OWNED OR RENTED

One aspect that has changed in millennials compared to other generations, such as baby boomers, is that they live in rented homes or rooms, in some cases by vital decision, in many others, out of necessity. 30% of the population, millennials, prefer to be owners, but have difficulties to achieve it. 60% of them, who live on rent, would like to own property and invest in their own assets, but cannot afford it.

The problem of rent is that the price has risen 25% in the last 10 years, which makes it difficult to access a mortgage loan, due to lack of savings.

The tendency despite this is to increase the percentage of rents, reaching 23% of tenants (four more points in the decade, according to Eurostat5 data).

MILLENIALS AND THE REAL ESTATE BUYING AND SELLING PROCESS

Young people assume a more active role in the buying and selling process, hoping that their agent will take advantage of technology so that everything is faster and smoothly. They spend more time researching and selecting their real estate agent in Noida, reviewing opinions and their social networks, and interviewing 3 agents on average before deciding on who will represent them.

THE EMOTIONAL ASPECT IN THE SEARCH FOR HOUSING

The “emotional hexagon” report shows that the search for housing is not a satisfactory process; 6 positive and negative attributes have been used to assess the experience:

  • Bland vs. Exciting;
  • Complicated vs. Simple;
  • Tired vs. Comfortable;
  • Distressing vs. Quiet;
  • Frustrating vs. Satisfactory;

Only in one of the six attributes of the emotional hexagon do they see their positive side: the search seems more exciting than nondescript. In the rest, they are more negative than members of more mature generations.

THE EXPECTATIONS OF MILLENNIAL BUYERS

The millennial generation differs from others in how they deal with the real estate sales process. They assume a more active role, ahead of the real estate professional in tasks that years ago were exclusive to the real estate agents in India, as determined by the list of homes to visit (buyers) or determine the price to market (sellers).

The access to information has led to documenting the process, but still rely on the figure of the counsellor to guide them in times of difficulty and solve complex problems.

48% of Millennials review opinions and testimonials made by clients of real estate agents; a percentage that doubles the baby boomers generation. One of the biggest problems they face is that the acquisition means a financial problem, needing help from family members to face the financing, since they do not have enough savings. Therefore, they seek help to find that financing and resolve fiscal questions.

How To Make The Best Choices When It Comes To Student Rentals?

After high school, the most common and certainly valid choice for a student is to continue his studies by enrolling in the University that best introduces him to the world of work.

Very often the choice falls on a university far from home, as the most important, renowned and interesting universities are located in large urban centres. For a provincial boy, now is the time to leave home and start living with other peers in a new apartment near the university.

But it is clear that the main difficulty is finding an apartment that can best meet both its space requirements and financial resources. In any case, the important thing is to make informed decisions based on the information collected.

Knowing the rights and duties of the student who has to live away from home for several months is important for making informed decisions. When it comes to living in a new home, it is good to know all the costs to be incurred, all the advantages and qualities of the chosen apartment, all the clauses provided for in the contract.

In this way, there will be no surprises for both the tenant and the parents, in case they have to bear the child’s housing costs.

By relying on specialized agencies for rented property in Noida, you can be sure of complete and punctual service in selecting the apartments that best suit your specific needs.

By renting a house to students, you can ask for a higher rent

In principle, the prices for renting an apartment to families do not go beyond a certain level: whether it is the average income in free fall for years or other factors, the fact is that an average family cannot afford to pay a rental fee above a certain level.

If you rent a house to students, you can choose to lease each room at prices that oscillate around half the rent that a family is able to pay. So your apartment makes double. Or even triple, if you have an apartment with many rooms.

Lease contracts for students have a shorter duration

The minimum duration of a student lease is only 6 months, while the maximum duration is 36 months. This means that:

  • You can choose to enter into the contract for short periods
  • If you suddenly need your apartment, you won’t have to wait too long to use it

Furthermore, university students move house much more often than other tenants, so if you cannot establish a relationship of trust with one of your tenants, or even if the tenant is not punctual in payments, finding a new tenant does not pose particular problems.

Students are tenants with a very low risk of late payment

This is an obvious fact: generally, the rent for a rented property in Gurgaon to students is paid by the parents. So students present a very minimal risk of default. In fact, anyone who is unable to keep a student in another city simply does not get involved in a lease that he knows he cannot pay.

How To Identify If You Need A Cowork For Your Work Space?

A cowork is a common space, equipped with everything a professional requires to work, but with an important feature: it promotes collaborative work between different entrepreneurs.

The most important asset of any organization is its people. Collaborative spaces must adapt to people and not vice versa. An adequate workspace can develop people’s potential to the fullest. Although collaborative spaces are designed with current users in mind, the reality is that they must be designed taking into account the next 5-7 years of the organization’s life, as well as its future users.

Collaborative spaces are not the same in all companies. They must adapt to the character of their users, allowing them to live an optimal work experience. Each organization needs personalized spaces that adapt to their culture, characteristics, type of work, etc.office space in Noida

The ideal model for a Startup

When a new company is started, it usually does so only with its founders, who are validating the business model of the business, developing a new product and looking for their first customers.

A coworking office space in Saket will help them to work in a comfortable space, where they can be part of a community – when interacting with other entrepreneurs – with low costs and flexible plans, equipped with excellent technology and located in easily accessible areas, in the best buildings from the city.

Its benefits are multiple if we compare it to rent a place under the classic model.

Advantages of a cowork in relation to a traditional office

You can pay it and they offer different modalities: their costs are low and there are different plans, depending on the level of services and business objectives. On the other hand, a traditional office has a higher expense and does not give the possibility to choose the level of benefits.

Growing up in work space in a flexible way: in a cowork it is possible to rent space for new hires, quickly and easily. A common office only has its space and to increase positions, you will need to change places.

Networking: allows you to interact with other entrepreneurs, which adds value to the business, and even helps you find new members for the team, validate the business model and get valuable feedback whenever necessary. On the other hand, in an office this interaction does not exist.

New businesses: as many companies work and interact in the same place, it is common for businesses and alliances to arise between them, something impossible to achieve in a traditional space.

Events: as it is a community, they regularly offer free workshops and seminars to provide new knowledge and tools to all coworkers. Those who are external to him cannot participate in them.

Corporate image: the facilities of a coworking office space in DLF cyber city-Gurgaon are the latest generation, enhancing the perception of customers about the business, unlike an office, where it will be necessary to invest in furniture to achieve it.

Services included: these centers provide various value-added services to the work space, such as business address, correspondence, access to meeting rooms, call and basic services such as printer, fax, and photocopy, among others. In a traditional office, you must invest in employees and equipment to get all this.

Tips For Renting A House Quickly

Have you decided to rent your house and start making money? You are making an excellent choice; in fact, nothing is more uneconomical than keeping an empty house. The costs are considerable even if you don’t live there because there are rumours that heavily affect your budget, such as:

  • Heating;
  • Household utilities;
  • Condominium fees;
  • Waste tax;
  • Ordinary maintenance.

The good news is that finding a tenant quickly is easier than it seems. In reality, just observe some simple rules that allow you to conclude a lease in a short time. Your apartment may be of interest to a young couple who have decided to live together while waiting to buy the house of life, or a single person who has just moved due to work or study. It is not excluded that the rented property in Gurgaon you offer for rent may also be ideal for a family with children. But what has a favourable impact on the choice of such a varied target?

Repainted walls and minor maintenance

There is no doubt that visiting an apartment that has been treated with care leads to choosing it. Imagine the impression you would have when entering a house where the walls have just been repainted and how you would feel, instead, seeing gray and dirty walls.

Sometimes a coat of white can be enough to show fresh environments and convince the potential tenant that this is the house for him. If small maintenance works are required, the suggestion is to do them, so that during the visit the attention does not focus on the frayed ropes of the shutters or on a broken handle: to do these works it is not necessary to invest large amounts and aesthetic results it is maximum.

When the rooms are in order, take photos and publish your ad: remember that many people looking for a home online insert those filters that eliminate ads not accompanied by photos. Of course, they must be professional photographs, taken in the brightest moments of the day.

Bathroom and kitchen: a top presentation

The bathroom and the kitchen, during the visit of the potential tenant, must be in maximum splendour. Hygiene must be very accurate in both premises. In the kitchen there must be no greasy stains, dirty stoves, and poorly cleaned fridge, everything must be arranged so that the visitor wants to stop.

The bases and wall units must be carefully cleaned and textiles in line with the style of the house can be spread on the table. Then check that the taps are not leaking (sometimes it is enough to change a gasket worth a few cents) and that the stove knobs are functional.

For the bathroom, the precautions must be even greater: the shower curtain must be new, just as new as the toilet brush.

Get rid of the old and unnecessary furniture 

Sometimes you may be led to think that spending money on a house to rent is not a good investment, instead, this is a principle to be dispelled. Do not furnish only with old furniture but alternate with some modern furnishings to give a pleasant and lively touch to the whole.

Try to identify yourself with those who examine the apartment and ask yourself if you would like to live among dated furnishings that are not made to measure and take up a lot of space. All the more so if they are particularly damaged, chipped or indelibly stained.

If in doubt, remove some furniture and leave only those that have a neutral style. The most important investors use the Home staging technique, through which they highlight the strengths of a property. In this way, the houses are sold in a much shorter time than traditional approaches and the same happens for leases, especially for short ones.

Taking care of the interior increases the profitability of the rented property in Delhi because it allows you to ask for a higher fee and increases the number of visitors.

What Is More Convenient To Rent Or Buy A House As Usual Housing?

Is it the right time?

Buying your usual home may be the most important investment of your life.For many years, this operation will have a very important impact on your domestic economy and will represent the majority of your net worth. The type of housing, its location and environment will also influence your lifestyle. It is a purchase that cannot be made without due analysis.

And the first decision you should make is if you are at the right time to buy your home.

Buy or rent?

It is true that buying a home has many advantages. The first, which is a good long-term investment. The monthly payments of the mortgage force you to save every month and, after 20 or 30 years, you will have a good that is worth a lot of money. From then on, you will not pay any fees or rents and, if necessary, you can use the home to finance your retirement or other important expenses.

Of course, a home on property ties its owners a lot. You won’t feel the same freedom if you have to change residence for family or work reasons.real estate agents in Gurgaon

As for what to rent is to throw money, remember that rent also has advantages. Owning, in addition to the mortgage payments, implies a series of expenses that neither recover nor provide any tax advantage. Home insurance, taxes, maintenance and community expenses represent significant disbursements to which the owner is obliged. When living on rent, these expenses are usually covered by landlords.

To the sale price of the house must be added a series of expenses associated with the sale and formalization of the mortgage loan, which are normally borne by the buyer.

How long do you plan to live in housing? – The determining factor

The costs of buying and selling the mortgage loan amount to about 10% of the amount financed, and the buyer has to pay it regardless of whether he stays in the house for a year or thirty.

Keep in mind that these mortgage expenses are paid at the time of formalizing the loan, regardless of whether you are staying in the house for a year or thirty. In addition, during the first years of the mortgage you will be paying mainly interest (they are also expenses), with hardly any amortization of the capital.

Can you afford it now?

Although it seems obvious, first of all you should know if you have enough savings to buy a home. Many limit themselves to calculating the mortgage fee and forget that a good amount of liquid money is necessary.

The entrance: Count on the entrance representing around 20% of the total price of the house. Financial institutions usually lend 80% of the appraised value of the house (legal maximum). Note that we have said the appraised value and not the price of the house. That is, if you buy at a good price, it may be that 80% of the appraised value is more than 80% of the price. If you buy at a price greater than the appraisal value, you may have to contribute more than 20% of the sale price.

For many people, the entrance fee, and not the monthly fee, is the biggest obstacle to buying a home.

If it is not the first time you buy a regular home, but you already have another house to sell, the income from this sale probably covers the necessary initial capital, provided you manage to sell it before buying the new one.

Things To Consider Before Buying A Home In Delhi NCR?

Typical errors when buying houses are classified into two types: neglect of verification of documents of ownership of the house and the land. These are standard mistakes of real estate buyers that lead to the loss of money, time and nerves. Knowing the dangers makes it easier to circumvent or predict.

House selection

What do you need to do when buying a house in the first place? Make sure the seller is reliable. It is not possible to get all the necessary information about the house by an ad. A personal inspection of the object and verification of supporting documentation is required.

Buying A House

Home inspection

The first thing you need to pay attention to when buying a home is the technical condition. There are frequent cases of sales of poorly constructed real estate. Cheap materials, the unprofessional performance of work at the construction stage will lead to a lot of problems in the process of further operation. Therefore, before buying a land for sale in Gurgaon you need to inspect both the outside and the inside.

The presence of communications (drinking water, gas, electricity, heating).

The general condition of the house. Assessment must begin from the roof and end with the blind area of ​​the house and the drainage system. This will help to assess the possible costs of the upcoming repair or refuse a bad purchase.

Layout. Check if it will be convenient to use all the rooms.

Transport connection. Find out the condition of the roads, the convenience of using private transport during rush hours and the availability of public transport, in case of need.

Infrastructure. It is good if there are shops, a school, a kindergarten and other institutions that need to be visited regularly. It is advisable that there are no industrial enterprises nearby.

In addition, experienced realtors advise what you need to know when buying a house about neighbors. It is important who lives nearby and in what atmosphere will have to be in the next 10-20 years.

Verification of documents

Remember that when conducting power of attorney transaction, there is a risk of fraud. Therefore, the authenticity of documents is worth checking with a notary. It is advisable to contact the principal and find out in connection with which the transaction is not carried out by him personally, but with the help of an intermediary.

As told by property dealers in Gurgaon, before buying any property, it is important to remember that you need to look when buying a house for documents not only on the property itself but also on the land.

“Underwater rocks”

When selling real estate, there is always a risk of encountering a seller’s dishonesty. What should be done when buying a house, if there are doubts about the honesty of the seller or the quality of the acquired property?

  • Make sure the power of attorney is genuine. The standard trick of scammers is actions on fake documents.
  • Check the state certificate for land with an expert assessment of the site and an indication of its intended purpose. Without this document, there is a high risk of losing land or buildings built on it.
  • Make sure the property is privatized.
  • Find out if those who have been registered in the housing are deregistered.
  • Check through a notary public for any burdens on the house or land.
  • To check these nuances, you can contact a realtor or a notary public who will conduct preliminary analysis and verify the legality of the transaction.

The Purpose Of Buying An Apartment In A New Building: For Yourself, For Rent, For Sale

Before buying a property, the most important and necessary question is established – the purpose of its acquisition. Of course, most people buy an apartment for their own housing, but about 20% of new apartments are fully exploited for investments.

According to real estate agents in Delhi, investing in real estate during the unstable economic situation in the world is the most profitable preservation of finances since savings in foreign currency can vary in quite different, unstable terms. So, let’s consider the options for acquiring new housing in the primary market in 2019, depending on the goals and plans for using the apartment.

Buying an apartment in a new building for future residence

Of course, investing in the comfort and family improvement will always be a priority. Moving to a new building involves a new layout of the apartment, and the availability of affordable infrastructure, and a modern lifestyle. You can use the apartment for your pleasure and for an infinite period, replenish the family and, of course, receive guests.

Convenient transport interchange, a playground, which is visible from the window, as well as a guarded territory – will complement the picture with additional amenities and opportunities for maximum comfort of your family.

Benefit. Buying an apartment will never be an excess or untimely acquisition. Real estate is a stable unit of investment and will keep your budget in its most profitable equivalent. Remember that even if you need to sell the object, it will always be relevant and in demand.

Should I buy an apartment for rent?

The goal of buying an apartment for rent is one of the most effective business ideas for today. You can rent a room both for a living room and for an office, a store or any other space.

Benefit. The main advantage of buying an apartment for rent is the ability to stop using housing for business at any time and start using it for personal purposes or simply sell it on the real estate market.

Important. Do not miss the moment about the rental period, which will be prescribed in the contract. If the term of operation of the housing is not exhausted, you have no right to evict tenants from there under any conditions, except by mutual consent of both parties.

Benefits of acquiring a new building for sale

To understand the economic feasibility of buying an apartment for sale, you need to analyze what will be the benefit and how to raise its indicator as high as possible. Apartments in new buildings are already equipped with modern layouts, high-quality communications, and basic cosmetic repairs. In order to resell housing more expensive, you need to increase its value at a minimal cost. This can be done in the following ways:

  • To equip the apartment with furniture;
  • Equip the space with household appliances;
  • Set a new interior design decision;

The key characteristics of the apartment will still remain its location, infrastructure, transportation, and ecology. If, after acquiring housing, these indicators improve significantly, then the cost of the apartment will increase along with them.

Benefit. In order for the purchase price and the sale price of apartments for sale in Gurgaon to be very far from each other, it is necessary that the housing parameters improve significantly and justify the task. Invest a minimum amount in improving the apartment, but the advantage should be at least 10% of the whole process.