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Future of the builders’ environment… Are the investors safe?

Looking towards investing in real estate in India? It’s the time to check out the future of the builders’ environment & the question that comes to the mind is, are the investors safe?

For investors in India, buying real estate is considered a safe bet even though the market might show turbulence. Real estate too has gone through its highs and lows like every other market. The real estate market went on to an all time high between 1988 and 1994, and most property prices went up by over 10 times during this period. But by 2002, it waned & many properties were being put on the market at half the peak price they achieved in 1994. Nowadays a similar trend is doing the rounds. Investors minted money in residential real estate during the boom that occurred between 2002 and 2013, with prices going up by 6-10 times in several pockets. However, experts caution against expecting similar returns in the future as all speculative markets move in cycles, and the real estate market in no exception.

The boom in the residential real estate market is over & is currently in a correction phase, which began three years ago, and according to experts, will last for a few more quarters. There has been a marked decline in the number of people buying residential properties. It may be due to the fact that property prices remain high compared to the average income of individuals. What buyers are waiting for is reasonable and affordable prices…

But there is still hope…

Affordability is affected by interest rates and increase in income & the concept of affordability varies by city.  Real estate prices vary significantly across cities. Housing loan interests have reduced significantly and this increases affordability.

Rental yield is a vital factor that determines the level of demand, for both end users and investors. The end user demand will go up if the rental yields are high.  If the rent is higher than the EMI to be paid for purchasing a property in a given area, people are more likely to choose buying their own home over living in a rented property.

Present scenario

Due to the dip in the demand for property, investors and builders, who developed and hoarded residential properties expecting prices to rise, have found themselves unable to sell off their inventory. If the current rate of sale persists, it will take more than three years to exhaust the existing inventory.

One thing to rise steadily over the past few years is the cost of construction! The compliance cost is also expected to go up with the introduction of Real Estate Regulator. However, because the large inventories they hold have cut down their pricing power, builders may not increase the prices of units. Instead developers will try to restore the sales volume first. High cost during muted demand is putting pressure on developers to scale down their prices, and many builders are now reducing their launch prices by 20-25 per cent.

How to proceed in the current market conditions?

For buyers this might be the perfect time for buyers to cash in on good deals for their dream home! Since builders are offering great flexibility in pricing and payment plans now, this is a good time to buy. Experts recommend opting for under-construction flats over ready procession ones, as the discounts on the former have gone up significantly.

Over the long run these investments are sure to pay off so considering the future of the builders’ environment… it is better to make your investment in real estate now!

 

 

RAINING HERE! HAVE YOU INSULATED YOUR HOME AGAINST “WET” YET?

Now the monsoons have come & rains have started. The question arises Have you insulated your home against “wet” yet? 

Rains bring with them moisture to our homes,  much to our discomfort. Moisture exists in the air around us which makes it easy for many molds & mites to thrive. Normally a 50 percent level of indoor humidity is usually considered a healthy level as it is comfortable for humans and it also discourages the growth of mites & molds in that environment. But what happens when your moisture levels cross that level?
Some moisture is essential in the air you breathe, but too much moisture in your home can cause problems. It can even lead to damage of the building. Structural wood may rot and drywall can swell.  If moisture gets into your insulation, the insulation will not work as well as it should, and your heating and cooling bills will increase.

Moisture enters your home through rain, either falling on a leaky roof, wind-driven against a poorly-sealed wall, or collecting against (and eventually leaking through) the walls of your basement. The most noticeable are Roof leaks which must be repaired immediately. But rain coming through a wall is less visible, especially if it is a relatively small leak and the water remains inside the wall cavity. These leaks may occur around window or door frame, & can be repaired by replacing any missing or cracked caulking. Sump pumps may be used to handle rain seeping through the ground into your basement which may appear as damp, moldy walls. When moisture condenses inside a wall, mold and mildew grow in moist areas, causing allergic reactions and damaging buildings.

Roofing panels are made of polyurethane foam (PUF) sandwiched between layers of waterproof and non-corrosive material can be used to insulate the ceilings of houses.  These pre-fabricated roofing panels are designed to withstand the forces of nature and the passage of time. They also effectively restrict the transmission of heat by 5-6 degrees, and absorb as well as reduce the noise of rain. These roofing panels are aesthetically designed, sound-proof and weather-resistant. Being corrosion-free, these panels require low maintenance and durable in nature, making them a cost-effective roofing solution.

Insulation boards help to keep floors, external walls insulated from heat/moisture ingress. They ensure an even temperature across the interiors. This insulation system is perfectly suitable for varying Indian climatic conditions.

So now no more waiting! Just go ahead & insulate your house against wet! Happy Monsoons…

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How To Find The Right Builder For Your New Home

 

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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?

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How to Build Your Dream Home!!!!

How to Build Your Dream Home!!!!1. GET REAL ABOUT YOUR BUDGET.

The primary source of conflict and melodrama in the building process is budget. Set your number, and then listen. If you have a reputable builder or contractor, trust him or her to tell you what things cost. And don’t get stuck on the cost-per-square-foot metric.

Contact your builder and architect walk you through your options and explain how real-time costs are established.

2. CONSIDER YOUR HOME NEEDS.
Check on your lifestyle. What do you do and what do you need in your home in order to live comfortably in it? Do you need your own recreation area? Or a home library? Or a pool? List down what you want to have and what you truly need for a home. This can be a good guide for you in designing your dream house.

3.  SELECT YOUR TEAM.

In a perfect world, you would have your builder, architect, designer, landscape architect. Your team will take things like sun orientation, zoning, setbacks, area-coverage restrictions, and height restrictions into consideration while you’re going on and on about how “pretty” the views are.

4.  COMMUNICATE ABOUT EVERYTHING.

Utilize technology—many builders have special websites or apps that outline the plan and keep track of progress. Text and e-mail your builder as necessary; it’s great for quick decisions and creates a record of your interaction. Insist on transparency. Look at the invoices and keep track of costs.

5. MOVE IN AND ENJOY.
After months of building your home, you will be able to occupy it. Do not forget to work on the permit to occupy your home. Move in your home and enjoy your stay in your dream house. Add in some decorations if you want to in order to complete to your homes look.

TRENDS IN PAINTING CONCEPTS

  1. Pick up a color according to your interiors.
  2. Colorful bedrooms that will make you wake up easier.
  3. Determining which colors are best for your property, think about the lifestyle of your residents.
  4. Different ideas in painting for every spot in your apartment.

TIPS FOR INDOOR GARDENING

  1. Peat free compost is suitable for indoor plants.
  2. Plant in a sunny location. Vegetables need at least 6 hours of direct sunlight per day.
  3. Water your plants only when the potting mix feels dry to the touch – over watering is often the cause of indoor plant death.
  4. Larger pots hold more soil and moisture, and therefore allows the plants to grow a bigger root system.

TIPS FOR BUYING A HOME

  1. When is the Right time to buy a flat/villa, it is difficult to anticipate the right time to invest in a home. Real estate market is always varying it has its ups and downs, hence there is no time as the Right Time or Perfect Time
  2. The right time to Buy/Invest in a home – is when you find a home that you can afford.
  3. Before investing in a Flat/Villa check the neighbourhood. Visit at different times of the day to check traffic at peak hours, find out the nearest grocery store, school, hospital etc.. Good school and hospital in the vicinity will add value to the property in a big way.
  4. Location should suit your personal requirements and budget.
  5. Location is a key factor to consider before making an investment. It is prudent to make an investment in a high-growth area where there is potential for growth, subsequently you gain on your investment.
  6. Proximity to business areas, educational institutions, and hospitals has to be kept in mind. It is also important to be aware of future developments in the area that could have a positive effect on the value of the property.

 

TAKE CARE OF YOUR HOME ON MONSOON

  1. Make sure all cracks are filled in before monsoon. We know that you don’t want to harvest rain inside your home!
  2. Wooden doors and floors absorb water; apply wax to prevent extra moisture.
  3. Use rubber mats rather than cloth mats.