Monthly Archives

March 2017


How To Find The Right Builder For Your New Home



Choosing the right home building firm for your needs is one of the most important decisions you’ll make during your home-buying process. Fortunately, there are some proven ways to speed up the process as you research and select a quality builder.

  1. Define your needs: What size, type and price range of home do you need?
  2. Experience counts: Every home building firm once built their first home. And many new home building firms were started by experienced veterans of other builders. Don’t overly discount a new firm – especially if their team includes seasoned pros – but do look for strong experience overall and in the type of home you seek.
  3. Consult with Past Home Buyers: Check for references from past home buyers of the firm. Are they satisfied?
  4. Verify the builder is licensed: Make sure you’re working with a licensed and insured builder to ensure that you are covered during the building process.
  5. View Their Portfolio: it’s likely you already have a style for your new home in mind. Make sure your builder has a portfolio that includes at least a few examples of the style of home you want. For example, a builder whose portfolio consists entirely of traditional homes may not be the best fit for the contemporary home you’re dreaming of.
  6. Resale Value:Good reputations follow good builders, among homeowners and Realtors. Look for builders whose homes tend to hold or maintain their value. Look for Realtor ads that specifically mention the name of a builder for a home for sale that’s now five or seven years old. That Realtor clearly sees the builder’s brand name as a big plus.
  7. Look for signs of quality:Look for signs of quality construction and attention to detail when you visit the homes above. Also consider the building products that a builder uses. Are they brands with well-earned reputations for quality? What about the homes under construction you passed on the way to the completed model home? Were there signs of care and attention there, as well?

Last, look for the quality of people who work for the builder: Did the builder’s employees show sincere interest in you and your needs? Did they listen carefully? Did they provide good answers to your questions? Were they courteous, prompt and professional in your interactions with them in the model home, sales centre or builder’s office?


Important points that you must keep in mind while giving your property on rent….!!!



Giving a house on rent is a Herculean task. From finding the right tenant to deciding on the rent, there are a lot of things you need to keep in mind while renting out your property. To make this process easier, we have put together some points to help you rent out your property

Prepare the house 


Before looking for a tenant, every landlord has to prepare their house. Make sure you clean the house thoroughly and check all appliances are in a working condition. Address potential problem areas including roof leaks, clogged gutters, leaky faucets or pipes, electrical outlets etc. Make sure the floors, windows, and blinds are all well cleaned.



Once you prepared your house the next step is to ascertain the correct rent amount. It is crucial because in such a competitive market you can’t ask for more than the market rate. Doing so will put off potential tenants. However, if your house is better maintained and furnished than that of others, you can charge a premium. Therefore, the main factors that decide the rent are capital value, amenities provided, location and demand.




A rental agreement is a legal document that binds the tenant and the landlord to comply with mutually agreed terms and condition. Utmost care needs to be taken while drafting a rental agreement and it should state all the terms and conditions clearly. Here are some of the points you need to consider while finalizing the agreement:

  1. Rent and Deposit
  2. Maintenance, Electricity and Water Charges
  3. Damages, Repairs and Alterations
  4. Tenant’s Responsibilities and Tasks
  5. Owner’s Responsibilities and Tasks
  6. Lease Termination or Extension
  7. Miscellaneous clauses, including the notice period and any other specific condition both parties have agreed on.


After preparing the lease agreement, the most important task is to get it registered, as per Section 17 of the Registration Act 1908, it is compulsory to get the agreement registered only if the lease period is more than 11 months. For registration, stamp duty and registration fee have to be paid.

Take a security deposit


A security deposit provides monetary security to the landlord, in case of any damage to the property. The tenant receives the deposit back at the end of the lease, minus any deductions for repairs/restoration. The amount to be collected as security deposit varies from city to city. In Chennai, a recent ruling by the court limits the security deposit to one month’s advance rent.



How Real Estate Investments Return Profits


incoAn income property is a property bought or developed to earn income. Keep in mind that while there are many advantages of investing in real estate.

Here are few reasons why an income property can be such a lucrative investment.

1. Cash Flow from Rental Income

As is the case with a stock that pays dividends, a properly selected and managed rental property can provide a steady income stream in the form of rental payments. Rental property returns typically exceed dividend yields. Real estate investors have more control over risks to their cash flow. Though there are slumps in real estate prices and slow markets, people who own residential investment property usually lease it for many years, without experiencing corresponding decreases in rent amounts.

2. Increases in Value Due to Appreciation

Historically, real estate has shown to be an excellent source of profit through the increase in investment property value over time.

3.100% control

If you invest in the share market, you typically need to hire a broker to handle your trades for you, and the value of any shareholding is reliant on market conditions and the actions of the people running that company – introducing an element of uncertainty. This is much less the case in property: once you’ve settled, you directly own the asset and you have complete control over it (assuming you can keep up the mortgage repayments and within the bounds of planning law). That’s a hugely powerful thing, as it means that you can influence both asset worth (by adding value) and cash flow (e.g., by raising the rent) directly – something that’s nigh-on impossible to do with shares in a company.

4.Still keep growing – even when you’re retired

Many investors following a capital growth strategy are putting together a nest egg for their retirement – whether that’s based on selling down and creating a lump sum, partially selling down and living off rental income, or on living off a line of credit. However, what some investors forget is that, even after they retire in, say, 20 years, yield and value will continue to improve – making you worth more each year.

5. Improving Your Investment Property – More Value at Sale

While it is providing cash flow, you can also improve your investment property to earn more profit should you choose to liquidate it. Upgrades to the appearance and functionality of an investment property can significantly increase its value. As trends and styles change, keeping the property interesting to renters can help you retain its value.

For a maximum return on investment, make note of improvements that actually increase a property’s value. Installing energy efficient appliances and windows increases a property’s value, as does adding a bathroom and remodelling a room. Insulating a property also increases its value.

6. Find that “Steal of a Deal”

Finding a value-priced property is the most effective way to increase your net worth. Such deals aren’t easy to come by, and savvy investors do their homework, browsing property listings frequently, to take advantage of opportunities when they arise.

Investors who wish to increase the value of their portfolio with real estate should also ensure that they have their financial ducks in a row. Good credit scores are a must, as is having the cash savings for the required down payment usually 20 percent for investment loans.