Browsing Tag

Top Builders in Calicut

Builders in Calicut, Top builder in Calicut, List of builders in Calicut

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

1

 

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 

2

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

3

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

4

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

5

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.

 

March 15, 2017
flats in calicut

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.

March 7, 2017
list of builders in calicut

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.

furniture

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.

 

February 21, 2017