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How to utilize the Space in our Dream Home?

As the saying goes there’s no place like home. It’s the place where your family spends time together & it’s your sanctuary from the rest of the world & where you feel most comfortable and relaxed. The question, How to utilize the Space in our Dream Home? taxes your brain more often – Just sit back & relax…

Your home is the place you live your life. But when it’s cluttered it feels chaotic and stressful. Loads of items to sort, and things to clean up can be truly overwhelming.

But not to worry!

You can get back your space and turn your house into a home of your dreams!  You can utilise the precious space in your home & create a welcoming space reflecting your personality & style filled only with the things that give you joy and fulfill your needs.

Here’s a rundown on how you jump start the process!

Clean out the clutter & look around your home. Check out your hobbies & see if you can manage spaces to accommodate them. If you do love to entertain, your home needs to have space for hosting and lots of space to sit down. Try going for an extendable table. If you are a family of readers, try to bring in a small library area and a reading corner where you can enjoy all our books.

For some families, a dedicated space the choices may be different! For a chef or an avid baker, a house with a well-stocked kitchen might be the thing. A space for sewing or crafting could be the need, or they might just want a nice place to relax and watch movies. Perhaps they need the space for inspiration to create art or music.

It’s the time to reflect on how you use your space now and what you really value about your home’s layout and arrangement & make changes accordingly. Try to make good use of spaces under the staircase or staircase landings. Build customized storage units to store your hobby knick knacks.

As you go about reorganizing and uncluttering your home, think about the purpose of each room, and the job of each and every item within each room. Just follow the rule, have nothing in your houses that you don’t know to be useful or believe to be beautiful.

Generally speaking, while you may envision a grand layout for your home, with grand furniture and décor consider the needs of your children and pets & your busy schedule. Instead of a formal décor arranging rooms so they’re comfortable and functional is key to transforming your house into the best home possible for you and your family.

Now that you have ideas as to how to utilize the Space in our Dream Home, what are you waiting for? Just get going!

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

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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 

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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.

DECIDING RENT

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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.

 

PREPARATION OF LEASE AGREEMENT

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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.

REGISTER THE LEASE

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

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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.

 

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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.

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How to take care of your wooden furniture

Wooden furniture is the most commonly found accessory around your home and whether it is the antique furniture in your living room or that gorgeous dining table that you feast on, all of them require care.

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Here are a few tips to help keep that gloss and shine on your wooden furniture last much longer than usual. Here’s how to take care of furniture, the right way.

  1. To clean the finish on your wood furniture just use warm water and mild dish soap. Cleaning furniture with water won’t hurt it — just be careful not to soak it. Use an old toothbrush for hard-to-get areas. Wipe the dirt off the surface with soft cloths or paper towels until they come up fairly clean. Then dry off any residual moisture with a soft cloth.
  2. After a good cleaning, the best way to protect the finish is to use a good-quality soft paste wax. Apply a thin coat as directed on the label. Wait five minutes and buff lightly with a soft (shoe) brush or cloth. Wait another 30 to 60 minutes and buff/brush again with a bit more vigor. You’ll see a beautiful shine return to the finish that will last for many months.
  3. Keep your furniture out of the sun. The temperature of the summer sun coming through a window can go above 140 degrees. It will cook fine finishes, fading and destroying them over time, and dry out and shrink the wood, which will cause cracks.
  4. For a quick-fix touch up, use the appropriate colour shoe polish on scratches and chips, especially to make them less visible on the feet of furniture. Carefully using a matching-colour felt-tip marker first will hide it even better.
  5. When polishing metal hardware, take it off the furniture first. Take your time and make a note to remember what piece goes back where. Use a quality metal polish to get it shining again. Once it’s buffed, put it back on, being careful not to scratch the wood surfaces. I recommend that you don’t try to do this all at one time. It can be a lot of work, so take a few days, doing a few pieces at a time, instead of getting tired and frustrated with trying to do too much.
  6. There are several ways to remove the white hazy ring or spot that the hot coffee mug or hot pizza box made on your table. The least invasive way is to rub it with a mild abrasive, such as non-gel toothpaste mixed with baking soda or cooking oil mixed with ashes. You can rub it in a small spot with your finger or use a soft cloth on larger areas.

 

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Cleaning Tricks for Keeping Your Kitchen Spotless..!!!

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If you want to keep your kitchen tidy, these are a few of the habits people with spotless kitchens do every day:

Tackle the tough spots on your counter tops, floors, and pots with surprising everyday items (like salt and ketchup).

USE BAKING SODA TO MOP UP TILE

To clean tile floors or a backsplash, mix baking soda and water together as a homemade cleaner. Pour half a cup of baking soda into two gallons of water. Then scrub with a string mop or sponge.

CLEAN CAST IRON WITH SALT

To clean a cast-iron pan, add 2 tablespoons of oil and place on medium heat. Once the pan is heated, pour in 3 tablespoons of salt. Next, using a tong to hold a paper towel, scour until clean. Finally, rinse and coat with vegetable oil to cure. Done!

WIPE AWAY WALL SPLATTERS

There are basically two kinds of stains on painted walls: oil- and waterborne. Take a wet cloth or paper towel to the waterborne ones — wine, Jell-O, ketchup, mustard, even smashed mosquitoes. For oily stains — cooking grease or crayon — try using a little mild dishwashing soap mixed in with water, and then rinsing with water.

ZAP STONE COUNTER STAINS WITH HYDROGEN PEROXIDE

You can remove most coffee or juice stains with a little hydrogen peroxide in water, plus a few drops of ammonia.

REMOVE TARNISH WITH KETCHUP

It’s not just for French fries. To remove tarnish from copper and brass fixtures, pots, and pans, give ketchup a shot. Dab some onto a soft cloth and gently rub. Finish by rinsing with warm water.

SHINE FLOORS WITH WHITE VINEGAR

“You want to get a nice clean shine on a wood floor? Get yourself a bucket and mix nine parts warm water to one part white vinegar.

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.

PREVENT CONCRETE WATER LEAKAGE

  1. When there are leaks in a flat concrete roof, the fast fix is to apply some kind of sealant or waterproof cement.
  2. Clean the entire roof surface with a pressure washer. Fill large cracks with roofing cement, and then apply a good prime.