Keys To Buying A Rented Home. It Is Profitable?

rented property in Delhi

Is it possible and profitable to buy a house or apartment that has a tenant? In this article we are going to tell you everything you need to know about buying a rented home and for this we are going to give you a series of tips and keys so that you do not have problems in case you decide to buy a home with a tenant.

Buying a rented home, to what extent is it profitable?

We go in parts. First of all, acquiring rented properties in Delhi is more common than you think. Obviously, not everyone does it, but it is not as strange a situation as you might think.

Above all, it does not attract so much attention if we think that there are other scenarios in which there are people who sell their home and continue to reside in it or there are even situations of people who want to buy a house while selling theirs.

For all this, there are buyer profiles who buy a home thinking about an investment since they have a business idea and want to obtain economic returns with it. This profile or anyone else who thinks about this possibility must take into account the following aspects:

It is profitable?

First of all, answer the question, yes, it is profitable. In the following link we will tell you some real estate investment alternatives among which rent and sale are present, although there are more, and some of them are interesting.

Therefore, the key in this case is the duration of the contract. The question and what you should ask yourself is if you want to keep the house with a tenant who has a long rental contract.

In the event that you have the apartment for rent and we want to sell it in the future, we must establish it in a clause included in the contract.

Assuming that this clause is active, the contract must always be respected and in all cases since the current law guarantees that future owners of rented property in Noida must respect the tenants regardless of whether or not the rental contract is registered in the Registry of the property.

That is, you must take into account the duration of the tenant who resides in the apartment. Maybe he has a year left, like two or three of the contract since he just signed it recently, if you don’t care about the purchase.

On the other hand, think that tenants can also request a rental extension at the end of the contract in the event that the owner is a company or real estate and not an individual.

But this changes with the purchase of the new owner, so it would be necessary to agree on the situation once the contract is finished.

Of course, when it happens, the tenant can ask to continue living in the residence, but that the owner wants and can is another matter.

It is not obliged and has mechanisms to get the tenant to leave once the contract ends. That is why we say that it is important to know how long the contract is.

Invest In Rented Properties And Get Profitability From Day 1

Compared to other products, such as investing in the stock market for example, investing in a land for sale in Gurgaon is simple because in many cases our personal experience and knowledge of the environment play a great role, all or almost all of us have bought a property at some point and have access to experiences first hand on the rental plan.

land for sale in Gurgaon

Although it is true that, a priori, great technical knowledge is not needed for the selection of a property, it is necessary to take into account a series of elements before embarking on the real estate adventure.

Likewise, there is a relative simplicity in the management of the investment after the purchase, since it is based on concepts that we know.

Two-stroke profitability

When we invest in properties we can have two types of profitability, the one that we can obtain from the rental of it and the one that we will obtain from the sale of the property, that is, the capital gain.

The profitability obtained from the rental of a property is easy to calculate and very tangible. Although the expected return at the end of our investment in rented properties in Delhi is merely speculative, and much more difficult to determine, especially in the medium-long term, but it is still a value that tends to rise.

Control over investment

When investing in the stock market, it is usually necessary to hire a “broker” to carry out the operations for you, and the value of any participation depends on market conditions and even on the actions of the people who run that company as well and macroeconomic factors, where a high level of uncertainty is assumed.

This does not behave in the same way in the case of property: once it has been purchased, you are the direct owner of the asset and have full control over it.

This is something very powerful, as it means that it can influence both the value of the property (adding value) and the cash flow (for example, increasing the income obtained from the rent).

Investing in real estate offers control that other products either by nature or management do not offer.

A property can be sold when desired regardless of how the market behaves and even when selecting tenants we can choose those that best ensure profitability or lower risk.

The price is flexible

When you buy a share, you buy at the current market price: there is no margin to trade. In the real estate market, it is exactly the other way around: buying and selling is all about negotiation.

When you buy a property you can convince a seller and, likewise, a motivated buyer could pay more than expected for the right property.

There is also a margin to find undervalued properties that can come from difficult personal situations or an asset liquidation that requires immediate liquidity. To get the best deals for buying or investing in properties, our recommendation is that one should turn to property dealers in Noida and avail their best services.

What If It Is Time To Get Back To Your Sofa And Find A Real Workspace?

After working from home for the past few weeks and months, many living rooms or dining rooms, kitchens or bedrooms have started to look more like an office than a home. Wouldn’t this be the time to change?

In the past, for many freelancers, young start-ups or individual workers, switching from teleworking to a dedicated office was an important step in the development of their business. Lately, many have had to work in new ways, and for many that includes turning their homes into work spaces.

office space in South Delhi

And many are those who are a little tired of seeing their living space invaded by their work and want to find a real workspace.

On the other hand, some fear that finding an office to work in represents a significant long-term financial commitment. In this article, we’ll take a look at the benefits of getting your living room back and returning to the office, exploring the flexible and affordable options that are available to businesses of all shapes and sizes.

Does telework still work?

If you’ve been working from home for a while, you might think this is still a viable solution for a while, but it’s not a long-term option. Among the many benefits of office life, working with our colleagues is something that many of us miss.

Sharing ideas and being in the same physical space to create together is vital for business development. Finding space, organizing meetings without distraction, it all quickly becomes difficult at home. So, if working from home becomes a problem, maybe it is time to find an office space in South Delhi.

The most important first step is research. For example, what are your priorities when it comes to budget, location, branding of the venue and number of people attending?

Some third-party locations offer long-term rental contracts, which now involves a risk that is difficult to mitigate if circumstances change.

It is therefore preferable to consider a more flexible contract such as rented properties in Noida, to which you will not be bound for years and which will allow you to change location or size without changing the contract.

Regarding the budget, there are different office solutions suitable for all budgets and all requirements: nomadic, shared or private offices.

The goal is to find the best office solution with the least amount of constraints, boost your productivity and add value to your business.

Is the office safe?

For some, returning to the office can be a source of concern at first, but health measures have been put in place and reinforced to ensure the safety of staff and coworkers.

Therefore, all coworkers are now asked to systematically disinfect the tables in lounges, meeting rooms and phone boxes, after each use. All equipment and consumables are of course supplied and installed inside each space.

Whether it’s one-way systems, remote signage, or hand sanitizing stations, health is a priority. Signage has also been reinforced in order to maximize the application of barrier gestures.

And of course the wearing of mask is mandatory for everyone at all times in all spaces, including shared offices and lounges.

Practical Guide To Renting A Property

With the arrival of the pandemic, rent is consolidated as a real alternative to buying.The job and economic precariousness and the difficulty of accessing credit caused many to opt for rent. Renting a home involves a series of very important procedures to which you have to pay close attention.

To get a good lease, many recommend that a professional in the area be the one to carefully review the contract before both parties sign. But what are those important points that you should know? Here, we have compiled a list of important things to keep in mind while renting a property.

Before you embark with your signature, consider what they will ask you to rent a house and the amount of money you will have to pay as a deposit and also what you will have to pay month by month. Also, determine the area where you want to rent, so that the search for your home becomes more productive.

Searching for home leases

Nowadays the easiest thing to research on any topic is through the internet and getting rented properties in Noida is no exception, the first thing we would have to do is carry out a good search mainly in areas where you intend to stay and more or less in ranges where you are willing to pay what they ask for the rent of a house.

Other things that you should not miss

Once you have visualized the place where you will live, then verify that the person with whom you signed the rental agreement is the true owner of the property, since in many cases it turns out that when it comes to signing the home it is not even the owner who makes the contract but turns out to be a relative.

This issue complicates the leasing process due to lack of communication between the true owner and the person who rents.

Information about the property you should know

In addition to investigating who owns it, you must also carry out other important research regarding the home, verify that it does not have any debts for the payment of water, electricity or maintenance services, etc.

This is because when you need to make a new contract for these services, they will ask you to cover previous debts and take into account that there are payments that do not correspond to you.

Why is it necessary to pay a deposit on a house rent?

The deposit is an amount that must be covered when renting a home, this means that one month’s rent must be paid in advance. What the deposit guarantees is that when you leave the property that amount will cover any damage you have caused.

One of the best things you can do is to consult a real estate agent in Gurgaon as they take care of a large part of the procedures, so the client can avoid various headaches, although it also usually requires paying a few commissions. The client must ensure, to avoid problems, that the intermediary is registered.

5 Practical Tips To Rent Safely In Summer With Real Estate Agents

Dive into the beauty of historical monuments, breathe the fresh air or discover new culture; in summer, working people want to disconnect, live new experiences and forget the worries of the year. Enjoy the destination with ease, without having to think about anything else. It is increasingly common to choose private apartments or houses to rent on your days off, since they are often cheaper, and also offer more space and privacy.

Unfortunately, not everything is rosy when yougo for rented property in Delhi. Sometimes problems arise, capable of making your summer bitter. That is why, here are five practical tips when you choose rented property in Gurgaon. Let’s go there!real estate agents in India

  1. Contact the landlord personally or hire property dealers in Delhi

When renting a home, you should not be left with any doubts. Contact the landlord directly, either by phone or by call. It is essential to know who is the real owner of the house. It should not be forgotten that many tourist accommodations are illegally re-rented.Another convenient option is to contact property dealers in Delhi, they will provide you perfect location for your holidays without any stress of illegal re-renting.

  1. Verify that the location of the rented property is real

The location of the house is something that one usually takes into account while travelling, especially to modern cities. To avoid disappointment upon arrival, check beforehand that the location of the house you have booked corresponds to reality. Or, you can hire real estate agents in Noida, to get rented property in Noida in a hassle-free manner. These agents are genuine, as they provide legal agreement before offering any apartment for sale in Gurgaon or Noida to the tourists.

  1. Be very careful with expenses not included

Expenses not included may mean another added headache. So, it is important that you do not pay the entire amount of the rent until you are in the accommodation, as it may be different from what you expected. In addition, at the time of contracting it must be clear that the price includes all expenses. If not, you should ask the landlord to clearly specify what that amount corresponds to.Seek guidance from real estate agents in Gurgaon before signing any legal document of the rented property in Delhi.

  1. Photograph all the rooms in the house

As soon as you arrive at the accommodation, photograph in detail all the rooms in the house to record the state of the rented properties in Noida. In this way you will not have problems with damage. If you can, send them to the landlord from your mobile phone at the same time to have clear proof of when you took the photos.

  1. Find out about your rights and obligations as a guest

Before traveling, it is important to know about your rights and obligations as a guest. You can do it through a consumer association or your lawyer, in order to be clear about the clauses of the contract and detect if any abuse occurs.

Better To Buy A House Or Rent?

Many wonder if it is currently cheaper for a common citizen to buy a home or decide to live for rent forever. Over the years, this question has prompted numerous statesmen and economics experts to analyze the problem in-depth and ask questions that could scientifically address the issue. In one of the most recent studies, it is stated that in purely mathematical terms the rent is cheaper than the purchase.

However, this discussion does not take into account the so-called accessory costs, such as the necessary maintenance interventions and the costs related to home insurance, as well as the more or less favorable economic frameworks at a given moment. Those who buy a house could find the benefits only after many years.

When you have in mind to rent a house or to take out a mortgage, it is, therefore, good to face some points in depth:

  • Identify the characteristics of the house you would like to buy
  • Establish a budget and check the actual value of the property
  • Prepare a savings plan compatible with future releases
  • Compare the pros and cons of rents and mortgages
  • Take into account possible episodes of deflation and inflation over the years
  • Calculate the risks deriving from purchase and the related mortgage

So better to buy a house or rent?

As with all things, there are obviously advantages and disadvantages in both possible scenarios. If on the one hand, in fact, those who buy a house have, so to speak, the security of having a roof over their heads and something to bequeath to their children, on the other hand, the costs to be faced over the years are always present and to have an important impact on home finances.

On the other hand, tenants of rented property in Gurgaon have the freedom to move when they wish, opting to move house whenever something does not convince them or is absolutely necessary, perhaps in view of the birth of a child or when the neighborhood it hosts a tendency to lose its charm and become dangerous. However, the monthly fee paid appears in the eyes of most people almost like money thrown in the wind, since in fact, the renter does not have anything concrete in hand.

Should I sell or rent?

The current trend is that of a rise in rents, which, being higher and higher, often inevitably push users towards alternative solutions. A common citizen, therefore, sees the best option in taking out a mortgage, also considering this operation as a sort of investment. So, is it worth buying a house or renting? Who owns a house can, in turn, think of renting the property to third parties, obtaining a safe and constant economic return, especially if he already owns a house to live in.

On the other hand, there are those who decide to live for rent in rented properties in Noida forever, especially people who prefer to invest in travel, experiences, and adventures rather than buying a home. In this modern world, ultra-globalized and full of opportunities, it is perhaps limiting to stand still at one point, especially for young people and for those who have the ability to build their own future anywhere in the world. All very fascinating if it were not that who has already started a family, or intends to do so, must necessarily consider aspects such as the school of the children, the proximity to relatives who can help them, emotional stability and the possibility for children to make friends at an early age. It seems obvious that the discussion is therefore reduced to a question of distinct priorities, different according to the case.

How To Move Out Of A Rented Apartment?

More and more people are choosing to rent apartments rather than buying real estate. This is due to the fact that banking conditions for the purchase of real estate are impossible for many. There are many rental options: it can be a long-term rental (more than 2 years), tourist accommodation (rent by day or week) and short-term rental (from several weeks to 12 months). Many people know what it takes to rent an apartment, but not everyone knows how to move out of a rented apartment.

Move out of a rented apartment

When you sign a rental contract, you agree to all the terms of the contract, and we strongly recommend that you familiarize yourself with the terms of the lease, which vary depending on the real estate agency. In the case of a tourist rental, the tenant has the right to stay in the apartment for the number of days specified in the contract. Upon the expiration of the contract, the tenant is required to vacate the apartment and return the keys.

The same thing happens with a short-term lease: the date of completion of the contract is indicated, and the tenant does not have the right to stay in the apartment. If the tenant wants to extend his stay, a new contract is concluded. In the case of a long-term lease, the contract is extended until the tenant wants to move out of the apartment. It is with this type of lease that problems arise when a lease is completed.

The tenant of the rented properties in Noida is obliged to notify the owner of the apartment and the agency about leaving the apartment. Each contract indicates the minimum period for which you should warn about the departure. The agency has the right not to return the deposit for the apartment if you do not fulfill this clause of the contract.

The deposit (usually 2 months of rent) is refunded in full only if the apartment is in the same condition as at the entrance. We strongly recommend that you carefully check the inventory specified in the contract. Make sure all objects listed in the inventory are in the apartment.

Also, we recommend that you take a photograph of the apartment on the day of arrival. If you want to change furniture, be sure to warn the owner of the apartment, without whose consent you do not have the right to change anything in the apartment. If you throw away the furniture that is in the apartment, you will be forced to pay the price for each item.

If you stopped in an unfurnished apartment and the owner of the apartment is not interested in the furniture you purchased, you will be forced to leave the apartment empty. On the day of completion of the contract, after you have collected all your belongings, the real estate agent must carry out an inspection of the apartment and arrange for the return of the deposit if the rented properties in Gurgaon is in the same conditions as at the entrance.

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.

How to rent a house safely?

The rent has always been one of the preferred options to find a custom home. However, leases can be both the greatest guarantee of tranquility and an inexhaustible source of surprises.

You must inform yourself about the city in which you are going to live and whether it is one of the safest cities in Spain or if it is one of the most dangerous municipalities. In addition, you have to be aware of the terminology of the business and possible scams. Once you have verified all this, it is time to know what steps to follow to become a tenant with the best conditions.

Difference between tenant and landlord

The main difference between the landlord and the tenant is that the first is the owner of the property, while the second is who rents, or rent, that property.

What to look for when visiting rented property in Noida

office space in Noida

The advertisements of flats exalt the virtues of them and direct our attention to their most striking points. Absenting from this advertising pressure, it is advisable to check that the property has the relevant security measures. These would be some of the details in which you should look if you want a safe life in a rental house:

Safety lock

Regardless of the location of the property, this system is basic to reinforce the security of the home. In the doors is essential to avoid threats such as bumping. In windows it is less common, however, if you find a house with security windows, have it as a good option.

Advanced protection systems

It would be a less decisive point than the previous one since few rental houses include this feature. However, the availability of advanced detection systems (video alarms, home automation in general …) is a great plus. It goes without saying that any security system also acts as a deterrent to thieves.

Effective alarms

If the rented property in Noida has an alarm, make sure it is effective. Make sure you do not leave blind spots and that it gives you real-time information about what happens in the house.

Potential hazards

Check the floor for possible dangers. This includes seeing that all the enclosures are in perfect condition or that the terrace is not easily accessible from the street. It is also essential to ensure that there are no gas leaks or that the plugs release sparks, as this can cause fires.

In short, the keys to rent a flat with absolute peace of mind come from having a clear and complete lease contract and by not making decisions under pressure. Dedicate some time and you will make sure that your contract is transparent. Also, although visiting apartments and houses can be a stressful task, be patient. Find the option that best suits you. A safe home always begins to live comfortably and calmly.

On the other hand, think about how to invest your money in your new home. If you know how Indians spend their money on security, you will also know that they do it because a protected home gives you more than the economic value. It brings you the value of tranquility.

Essential Requirements to Rent a Flat

Whether you are a person finding a flat to rent or if you are an owner who wants to rent your property, you have to know that there are essential requirements for both figures.

Both the occupant and the landlord have to meet a series of obligations to carry out this real estate transaction that will allow the brief exchange of a home in exchange for an income.

In today’s post, we will focus on discovering what the essential requirements to rent a flat if you are a person with a property or if you are a citizen in search of a new home are.

Requirements before signing the contract to rent an apartment

Here we give you some advice on aspects that are worth taking into account before signing any agreement between both parties. These are recommendations that will help you to make the partnership as safe and beneficial as possible.

Check that it is the owner

If you are going to get rented properties in Delhi, you have to know that there is always the possibility of a scam. In recent years, many real estate frauds have been discovered that took advantage of such as online channels to carry out their scams. It is for this cause that we suggest that you never give money without first having met the owner or having ascertained that he is the owner of the house.

Show your solvency to the landlord

If you want to rent a home, it is essential that the owner of the apartment has proof of your stability and your economic situation. Nowadays, in large cities, rented property in noida is not a quick or straightforward procedure since there are many people interested in renting instead of buying.

Therefore, if you want to earn points and be striking for the landlord, it is best that you go with clear accounts that you show that you are solvent. Keep in mind that, in recent years the real estate sector has been severely damaged and no homeowner wants problems during the rent collection phase.

Analyze the rental agreement well

Another important tip, we give you before you sign the deal with the owner is that you read the lease carefully. It is essential that you have clear all the clauses that appear there as well as the conditions that you are required as a landlord.

The contract has to be very clear about the expenses that each of the parties has to face because, for example, if the boiler is damaged, the cost is usually paid by the owner. But if, for example, a window or a door is broken, the most usual thing is that the tenant must take charge.

Do not be fooled

To get your floor search to be active, we have to highlight something: beware of “bargains”! You have to be realistic and keep in mind that if, for example, you want to live in the heart of a city in a renovated apartment with a terrace that is paid and you find flats with those characteristics at a meager price, two things can happen:

  • That the ad is not real
  • That the owner has “hidden” any damage to the home (that is an attic without an elevator etc.)

For this reason, experts recommend that you should be realistic and that you know the current situation in the real estate sector and the prices in your city.