The Forgotten Landscape of Moving Homes

Flats in LucknowThe changing of the government and current market situation has resulted in a very lucrative real estate investment field. Whether you are looking for a property in Lucknow Shaheed Path or in Mumbai, here are some essential questions that we forget to ask while transitioning to the position of a home owner.

Renting Vs Buying
Although you may have already mentally moved into your dream home with the perfect bed and lighting, you need to weight all your options first. Depending on the diverse situation of an individual, you need to figure out if renting the flat or buying it is a better choice. When you understand your financial situation completely, you can make a well informed decision.

The Neighbourhood Crime Rate
This undervalued question can have a simple answer, but only if you ask. You cannot risk anything today.

The Needs and Wants
Make a list of all the things you want and need in your home. Figure out what you are willing to compromise with as it is almost never possible to find the perfect home.

The Seller’s Disclosure
Considering the fact that you will be spending a large amount of money and time on your house, make sure you have the disclosure to go through and avoid any last minute surprises.

The Allows and Avoids
From local regulations to housing rules, make sure you have a clear picture on what you can and cannot do to the home. You do not want to begin a renovation project only to realise you needed government permission.

Home Inspections
Make sure you have the home thoroughly inspected. You do not want to move in to find faulty pipes or rodent problems.

The Reason for Sale
Although it is unlikely for there to be a ghost living in the building, asking such questions often can get you valuable answers.

The Safety Features
From emergency escape routes to smoke detectors and such additions, make sure you have a clear idea on the infrastructure available at your disposal. After all, it is also your home.

Nearby Facilities
A factor people often forget to calculate is the facilities available nearby as well. From having a grocery store to emergency supplies, such questions may seem silly but can save your life some day.

Maintenance
Make sure you have a committee or some regulatory body set up in the society so that such needs can be taken care of.
Although these are small points, when focusing on the larger picture we tend to ignore them. Make sure you make the most out of your new home.

Purchasing a Home: Cash versus Loans

12274216_898369493549547_3001211974555369595_nCarrying around the load of a debt is a tough decision to make and even tougher to stick with. No matter where you turn, you can hear people complaining about it. However, when purchasing a home, it is not always logical to buy it with cash. A number of people end up paying as much cash as they can to avoid the massive loan payment and interest rate associated with home loans but their financial health may not always be in that decision.

There are a number of factors that must be considered before deciding on purchasing a home with cash or a financing plan such as mortgage.

Cutting Costs and Victors in a Bidding War

When you decide to pay cash for a home, you can safely eliminate the need to pay an interest on the large loan amount as well as cut down on closing costs associated with such financing such as appraisal fees and assessing fees.

Your offer on the residential property in Lucknow or any other is also more attractive to sellers as it gives a sense of security and safety to them. Purchasing a home with cash is also a quicker and easier process as there are not a lot of negotiations involved. Loans involve approvals and a number of processes that can dampen the spirit of the seller as well as buyer. Hence, cash buyers may even receive a discount of sorts for paying it all upfront.

In the event the buyer wants to sell the house, he does not have to wait for a long time either as he has all the legal right and authority to do so.

Understanding the Pandora Box of a Loan

Although the cash offer has a number of benefits, obtaining a loan can also make sense. People may also prefer to not have their hands tied down by investing such a large chunk of money into their home. When you pay with cash, you are reducing the level of liquidity you can enjoy. When your home requires attention such as a major renovation, you can often find yourself in a fix without any money.

If you wish to sell your cash bought home, it can also pose as a problem as you might not have enough liquid cash to put down as a deposit amount for the new home as well as have tax implications.

New residential projects in Lucknow are bought with both; hence, you need to understand what a better opportunity is for you. The greater investment return you obtain depends on your choice. As long as you have some back up reserves saved, paying for cash is also as good an option as a home loan.

A Shopaholics Guide to Buying a Luxury Flat in India

12190933_891434427576387_7897408385103820830_nBuying a luxury property from real estate developers in Lucknow or another city, no matter what social strata you come from is a challenge. Since the value of money at stake is high the factors to pay prime attention to are difficult to narrow down. Here are some tips on how to buy a luxury property here-

The Ever Important Location

A number of people when looking of a house pay maximum attention to the amenities and facilities a particular housing complex provides. In doing so, many conveniently forget to factor in the importance of the location. Luxury apartments mainly thrive in the prime upscale markets. The reason so many expensive projects fail is because even though they are equipped with the best of the facilities, the unattractiveness of the location no matter the low price affects the demand drastically. The designated location should essentially command the premium prices being asked for such properties.

An Open Space

The next deciding factor should be the kind of space available around the home. Any project to be defined as a luxury apartment has abundantly available space around. Congested places with a number of houses closely tied together do not justify the kind of home and price paid for it. Look for something with a garden or park around so that not only is it open but also offers a refreshing break.

The World Class Amenities

When considering this criterion, the sky is the limit. Ranging from security features to the fittings in your bathroom, you can pick any and every aspect you wish. The world is at your feet especially with marble being imported from Italy as easily as anywhere else. Some projects even let the developer create only the basic framework giving the users freedom to select any specifications they wish to add.

A Developer As Good As a Partner

The best real estate Company in India in current situations are those that have a good past and a reliable name in the industry. If they have a good background in developing luxury flats, they will know the market demand and changing trends as well as the other aspects of building such homes. Functioning in the luxury sector calls for the developer to be extremely customer oriented. Besides, it is also important to have all the required permissions and documentation in place.

A standard misconception in India is that any project with numerous floors is assumed to be a luxury flat. The value a building adds to your lifestyle is what should be focused on before purchasing a new home.

3 Popular Décor themes to consider for your Bedrooms

12274216_898369493549547_3001211974555369595_nUsing decoration themes has turned out to be a common practice among the homeowners now-a-days. If you want to go by the popular trend and add a dream appearance to your flat in Lucknow, consider using themes. This blog discusses about 3 popular bedroom themes that would offer a mesmerizing look and feel to the 3 BHK flats in Lucknow.

Before deciding about what theme to use, you need to consider about who would be staying in the room. The theme of the bedroom will vary according to the age and taste of the occupants. The theme of a teenager bedroom would not be similar to that of an adult bedroom. Again, the theme that would life up a couple’s spirit would not be good enough to drive a kid crazy with joy.

Choose the appropriate theme for your bedroom and transform it into a relaxing retreat. Explore the following popular bedroom decor themes and have oodles of fun:

1. Beach Theme:

Beach-inspired bedroom decor will make both young adults and newly-wed couples jump for joy. Those who have a liking for the sun, sand and water will no doubt be fascinated with this type of decor. As far as beach-theme is considered, you can choose anything from serene, sober furnishings to bold and bright colours. Hawaiian motifs can be used to mingle well with palm tree, bamboo and flower motifs. A wall paper with your favourite beach motif can instil a beach feel into your sleeping space. A mix and match of exotic prints on the bedsheet, pillow covers and curtains would add the effect of the laid-back luxury of beachside life while woven accents from the ceiling to the floor would enmesh your modern bedroom with a rustic charm. You can think of accessorizing your room with sea grass, sandy neutrals and coral showpieces.

2. Floral Theme:

There is hardly any person who does not love flowers. If you have a special fascination for flower and appreciate the beauty of nature, you can consider floral theme for your bedroom. Whether you want to enjoy the feel of English countryside or wish to instil the freshness of Indian’s rustic beauty, floral bedspreads against pastel green walls would add serenity to your room. What can be a better start of the day than waking up to a wonderful orchid placed by the window?

3. Forest Theme:

A forest theme can spread out a relaxing environ across your bedroom. Think of adorning your bedroom using bedspreads, pillows and quilts with forest motifs. Use varying shades of green and blue to create the depth noticed in a forest of pine, moss and bamboo with expansive blue sky peeping through the branches. After a hectic day of work, you will find the bedroom with forest theme a true retreat and there is no doubt about it. The theme would tranquilize every spirit, all ages and genders.

As far as decorating 3 BHK flats in Lucknow are concerned, the age, taste and gender of the occupants should be considered while choosing the bedroom themes. Whether you choose a traditional theme or a flamboyant and extravagant design, it would enhance the look and feel of your private space.

Essential Guide to Finding the Best Home Loan

12187687_892690354117461_8067337358810838057_nApplying for home loan can seem to be quite scary particularly if you are not well prepared with the loan procedure. However, if you have prepared yourself well in advance then you can get your home loan application approved within minutes. So, if you are interested in new residential projects in Lucknow, then the first thing you need to focus on is applying for the loan application procedure. Buying a home is indeed a huge decision; hence if you have decided to buy your first property, then the first step that you need to take is shopping for a house loan. With several lenders and products, often shopping for a house loan seems to be challenging. But then, it doesn’t have to be a complex procedure for you.

Before you look for new residential projects in Lucknow, here are some of the steps that will help you get through the loan process smoothly:

Your CIBIL Report should be in Great Shape
The first thing that a bank will focus on is on your CIBIL score and CIBIL report to evaluate your home loan eligibility. Moreover, it will also determine that interest rates you will qualify for.

Hence, it is of utmost significance for you to check out your CIBIL report at least six months before you are applying for a loan. This will ensure that everything is in place and see if anything can be done to improve your CIBIL score. Additionally, you need to also check whether or not there are any changes in the report. For example, there can be a loan which may be paid off from your side however it may not show on your credit report just because the lender has not reported the closure of the same. In case of these errors, your cibil score will be affected negatively.

Enhance your Debt to Income Ratio
This is a significant consideration that a lender needs to consider while evaluating your loan eligibility. More specifically, your debt to income ratio is the amount of debt you manage in proportion to how much amount you make. Prior to applying for a home loan, you should either lower your debt or improve your income. Some of the best ways to improve your ration is by initiating bigger payments on your credit card or paying off long standing loans.

Choose a Big Down Payment
Before you apply for a home loan, you must have a good amount in your pocket for the down payment. In fact, you should be ready with at least 20% of the property value. The more amounts you pay as down payment, the cheaper it will be in the days to come, as you will be paying an insignificant amount as EMI.

Submit a Complete Application
Make sure you submit a thorough application with all the necessary information that the bank will need to process your loan.
Buying your dream home is possible with the assistance of an easy home loan. Choose one today and you’ll spot the difference