What Precautions Should I Take If I Rent My House?

If you have decided to rent your house, in good time: you are about to enter one of the most profitable businesses that exists. Your service is one that is always on the rise, with a guaranteed return.

By renting your house you receive benefits, but at the cost of not a few risks. Without a doubt it is something that cannot be avoided in any investment, but it does not hurt to be aware of each of them to neutralize it as much as possible.

The risks of renting your house

New responsibilities

By renting your house, you acquire more responsibilities related to the property than you already had. For this reason, it is important that you draw up a contract that stipulates each of these responsibilities, and who takes charge of them: payment of services, repairs in the property, voice and vote before the community of neighbors.

New taxes

The rent of an apartment means you a fixed income, but also put the eyes of the treasury on you. You must pay taxes on the profits that a property generates. Failure to do so expose yourself to fines and surcharges.

Periods without income

When you start renting your home as if you change tenants, your property will be empty for several months (especially if your requirements for tenant are very demanding). This is going to mean that you will run out of rental income during that period. You should consider that maintenance, electricity and other services will have to be paid, and that you will have to do it.

Tenants with past

It will never be too stressed that at the time of taking over a tenant you are sure of their solvency (an income that does not exceed 30% of their income guarantees that they will not default on their obligations) and their background (ask for some roots in their work and personal references never hurts).

Do it by yourself

The most important of the recommendations when renting your home is that you do not resort to verbal agreements or standard contracts, let alone you who collect the rent and this is why you should consult real estate agents in Noida.

Seven reasons why you need to hire a real estate agent

  • Experience in the real estate industry
  • Provide legal and financial advice
  • Avoid exposing yourself/safety issues
  • Guarantees a safe purchase
  • You will save time
  • Will be a better negotiator
  • Different perspective

The most important reason why you will need the services that a real estate agent does is their experience in the sector and their skills in that business.

Their strategies, contacts and recommendations will be crucial at the time of selling a property or making the purchase or rental of the home that best suits your needs.

Another great advantage of hiring a real estate agent will be their invaluable help when carrying out paperwork and financial movements.

As an expert in real estate, the real estate agents in Delhi know perfectly the documents and procedures to be carried out as part of the purchase-sale process, he can guide you to hire the services of a lawyer and/or notary, in addition, he will advise you on financial matters that first-time buyers are often unaware of and will have up-to-date information.

Tips To Get Good Tenants

Talking about how to get good tenants is much more difficult than it sounds. There is a high probability that you will get hardworking people, but there is also a small percentage of chance that you will meet the tenant of your nightmares.

For this reason, landlords currently require a series of documentation, almost incredible, to verify the real conditions of each individual who intends to rent.

In fact, owners of rented properties in Gurgaon request more than one security deposit in the event of an incident that could have a serious impact on their finances. Believe it or not, there are a few ways to figure out how to select the best possible tenant without having to hire a private detective.

These are some of the things to keep in mind:

Make a list of candidate information

From the moment you start receiving applications, make a classification to be able to find the profile that you have imposed on yourself. Then start evaluating one by one the requirements you requested, such as proof of work, recommendations, bank references, etc.

What Are Tenants Looking For? Demand For Commercial Real Estate - Real  Estate Blog | Jain Oncor
https://www.jainoncor.com/residential.php?city=2

Find out what their job performance has been

A good tenant should be a person who has the ability to pay the rent. If you wish, you can evaluate the time you have working in the company where you work and from there it is assumed whether or not you have job stability.

In the same way, take this advice into account, do not allow your tenant to have an income less than double the rent. This person must earn at least three times the amount of the lease.

Another point, check if the income is fixed, that you can clearly see in the account statements.

Review receipts to ensure solvency

All people make payments and have certain monthly expenses, check in detail if they have solvency. These credit ratings allow the owner to verify the identity, current residence, occupation, and income of the candidate.

Take into account the profile of future tenants

The economic activity of the tenants and the lifestyle falls directly on the use they will make of the property. The time they may reside will give us an idea of ​​a soon or distant renewal of the contract.

The profile of the tenants will allow taking into consideration certain clauses that it will be better to contemplate in the lease.

Discuss the details of the lease with the prospective tenant

From the first moment he comments on the forms of payment and asks if the tenant has the possibility to pay on the established date, the most common is to pay in advance.

Due to the large number of offers on the real estate rental market, the search time for tenants has greatly increased. In an unsuccessful season for rent, the owner of the apartment can look for tenants for several months.

Real estate market experts strongly recommend seeking help from real estate agents in Gurgaon. Landlords need to carefully look at future tenants and try to check with objective data the statements of decency and solvency.

Hiring A Real Estate Agent When Buying/Selling A Property

When we decide to buy or sell a property we always have doubts, and we wonder if it will be convenient to hire a real estate agent? It may be that if it is your first time, you do not even know where to start and it is that you are inexperienced in the subject of selling or buying a home.

If you are interested in listing or renting a house that you own, you are probably wondering if it is really necessary to hire a real estate agent.

Given the appearance of digital tools, such as social networks or websites, the sale and rental of real estate is no longer an exclusive activity of real estate agents, however, their experience, vision and skills will be of great help during the process of purchase-sale or rent.

That is why we recommend hiring a real estate agent who will walk hand in hand with you throughout the process.

Real Estate Agent in Noida Archives - Real Estate Blog | Jain Oncor
https://www.jainoncor.com/

Where to hire a real estate agent?

The help of a real estate agent in Noida will always facilitate and accelerate any home sale or purchase procedure. The job of a real estate agent is to deal with these types of issues on a daily basis, which is why they are always aware of the housing market.

Before hiring a real estate agent it is important to check their history and verify that they do not have any bad antecedents. There are many formal real estate agencies that have excellent agents.

How does a real estate agent help us?

Having the experience of a real estate agent can benefit us in various aspects:

  • In the negotiation of a fair price for the sale or purchase of a property.
  • They have legal preparation
  • Have the ability to perform any type of negotiation
  • A furniture agent makes a preliminary report based on the prices of homes in the area.

What does a real estate agent do in a sale?

A real estate agent is in charge of preparing the house to be able to sell it as soon as possible, in order to present it to the buyers with the best possible appearance.

They also prepare a photo report at her own expense, whether they hire a professional or do it themselves. Real estate agents in India also take care of advertising; for example, by placing a large number of ads in different parts, this is the only way to reach a large number of interested people, especially on the internet.

What does a real estate agent do on a home purchase?

Although a negotiation seems easy, it is not. There are clients who agree in a few minutes but others do not. So the task of a real estate agent is to convince and agree, so that you are the most benefited.

The real estate agent is in charge of finding a suitable place for you and your family. The job of a real estate agent is to help your client find the home that best suits them and of course that best takes care of their interests.

How To Fulfill Your Purpose Of Renting A New Office In 2020?

We are almost in the middle of year and it is the final time to reflect on your purposes for 2020: Have you already found office space in Saket for rent or are you still looking? In the event that you are still searching, nothing happens.

You have to divide the process of renting office space in India into concrete actions that you can accomplish without making it feel like too much work. However, if you are going to rent a new office for the first time, the process can be complicated.rented-property-in-delhi

Plan: Make a List with the Needs of your Company

The importance of preparing cannot be underestimated. Or as Cervantes said: ‘Preparation is half the victory.’ Therefore, one of the first things one should consider when looking for an office is to make a list of the needs for his company.

Think About the Priorities of your Company

Think about the services you are missing now in office space, such as a private parking, larger meeting rooms or a reception service. Try to list all the things you might need, even if it’s something that may not be offered in a business center.

What are the Essential Services for your Company?

It is useful to order the wishes of your company according to their priority. Thus, when you have to choose between several rental office options, you can choose a business center in Delhi that meets the most important services that your corporate needs to succeed in the market.

When you have an ordered list with the needs of your company, you just need to make a budget before looking for fully furnished office space in Delhi for rent.

Find: An Office for rent and plan a Visit

With the preparations made, you know more about the needs and priorities of the company and the amount you can spend on renting an office. But how do you know the availability of offices for rent? And the services that are included in your price? And what is the most suitable office for your company?

Visit: Meet the Office

Take an active rather than a passive attitude during a visit. The owner will talk a lot about the benefits, but use the opportunity to ask for more information about the most important things for your company. That is, make sure you receive all the necessary information so that you can make the right decision.

However, it’s hard to handle all the new impressions from the rental office and think about the things you want to ask. Therefore, it is recommendedto make (another) list of your questions before visiting an office, and pick up your questions in the car, before entering the business center.

Visit several Offices to make the Appropriate Decision

A business center owner always has a lot of work and during a visit he will only tell you the things that he considers the most important. When you have your questions ready, you will not rent an office that is not suitable for your company.

Rent: The Time has Come

After visiting several offices for rent, it is time for the decision. Look carefully at your priority list when choosing an office, but also listen to your intuition about an office space. In the end you are going to make an important decision that affects the future of your business. In case you have doubts if a rental office is suitable for your company, you can always contact property dealers in Gurgaon.

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.