Buying an Under Construction Property?

Buying an Under Construction Property?

Buying a home is both an exciting and tedious thing to do. As a buyer, you should be conscious of every detail that goes into buying your own place. When buying a home, you have to consider the design, the number of rooms and the neighbourhood you want to live in. Before buying your home, you should bear in mind that buying in new construction or an off-plan property is a good option for many reasons. However, this option is not perfect.

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real estate property

There are advantages and disadvantages to buying an under-construction unit. Buying off-plan is not only affordable but you can also design and customize your unit the way you want it to be. Moreover, it can be cheaper than buying a pre-made apartment. You can save a lot of money just by buying off-plan.

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Another plus to buying a house under-construction is that You do not have to worry about repairs for the next decade or so, since you, yourself have designed or witnessed how your place was built.

Buying an under-construction house has its disadvantages too. For example, when you buy under-construction property, sometimes you do not get what you have been promised. This is the most common complaint when buying off-plan.

The choice also depends on the affordability of a property, availability of funds and the possession timeline. If you do not have the funds and can wait for some time, an under-construction property is the better option. But if you have the money and want to see the back of your landlord, go ahead and buy a ready to move in property.

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Tiny Modern Luxury Homes Getting Popular.

Tiny Modern Luxury Homes Getting Popular.

Smaller modern homes offer plenty of opportunity for a luxury living; a chance to demonstrate the old adage that sometimes the best things can come in smaller packages. small modern may not have the same amount of space as a larger home through imaginative design your small home can be as luxurious as you wish. Still offering a range of benefits for you and your overall lifestyle.

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small modern homes

More Manageable Space
A smaller house means less space that needs to be managed. Focus your attention on the space that you need, designing them to the luxurious, stylish standards that you’re used to. With removing that unneeded space, and the work required to maintain it.

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Lower carbon footprint
As we’ve already touched upon, smaller houses mean less use of resources. You don’t have to heat and light as many rooms, meaning less energy use. While this means that you’re making additional savings on the household budget, it also brings a wider environmental benefit in that your carbon footprint is reduced.

Social Benefits of Small Home
A huge house with only a few occupants might lead to less interaction; the temptation always there to find somewhere else in the home to sit. Whereas, smaller living environments offer the potential for a more social ambience.

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Opportunities for even greater luxuries in a Small Home
Ultimately, depending on how and where you choose to live, there’s even the scope with a small home for you to enjoy even greater luxury than you might be able to have in a large house.

Larger houses tend to mean larger running costs. And that added expense might mean you need to watch the budget when it comes to additional luxuries for the home.

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House vs Villa

House vs Villa

Villa can be very similar to a house in that it can closely resemble a standard, single-family home, but villas are also known for being luxurious, larger homes with their own gardens, vineyards or courtyards, hotel-like services and water fixtures, like pools and fountains. Because of this, villas are known as more private, elegant destinations for people who want to go on vacation, but prefer to not stay in a hotel, where the atmosphere can be impersonal.

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luxury homes

Luxury villas are typically larger than single-family homes. They can have as many as 20 bedrooms and typically have a more luxurious feel to them. They are also typically surrounded by private gardens, vineyards or some other form of landscape. This gives guests a feeling of intimacy and seclusion while at the same time many villas still offer services found in regular hotels, like concierge, meal services and maids. Villas also tend to have pools or fountains, usually some kind of water structure that adds to their feelings of luxury. Villas are very popular alternatives for people going on vacation that want to relax in a more private, intimate setting.

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Owners of villas tend to have to pay other property fees that people who own regular houses don't have to worry about. Most people that own houses will have to pay a simple annual fee. This money goes to maintaining the public facilities like the town pool or recreation centre. Villa owners also end up paying quarterly fees. This money goes to maintaining the grounds around the villa property or properties, as well as other costs, like general maintenance of the villa properties, themselves.

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Problems Faced While Renting a house.

Problems Faced While Renting a house.

    People usually find it to be unsafe and challenging task to get an apartment on rent or to put an owned property on rent. So, whether you are the property owner or a tenant, in both the cases your mind may remain occupied with fear and uncertainty.

The most common reasons for disputes are delays or non-payment of rent. In India, it is difficult to get tenants evicted unless there is a threat of litigation and some sorts of consequences of non-payment are made obvious to the tenant

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luxury homes for rent

Second common cause for dispute is the escalation of rental once the lease is over and the landlord wants to lease the property at a higher rate. Tenants don’t like the increase to be steep, whereas the market may have moved much higher since the last rent renewal

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Often it has been seen that if the property is to be redeveloped and the tenant is unwilling to move out unless there is a payment made to him/her to vacate the premises. This dispute is longer lasting and can drag over many years and often ends up in court.

Some key steps to avoid disputes related to rental home are:

• Incorporate common disputable issues in the lease agreement to prevent misunderstanding in the future
• Landlord and tenant should keep each other in the loop to avoid last-minute surprises for example birthday parties, renovation work, bringing new tenant in the adjacent apartment, etc.

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• The habit of keeping the property clean and presentable to sudden visitors needs to be assured by the tenant 
• Regular interaction between both the parties

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Gearless & Geared Elevators

Gearless & Geared Elevators

Traction elevators are one of the most commonly used types of elevators. They use a rope and pulley system to raise and lower the elevator cab. The weight of their cab is balanced by using a counterweight, which was first introduced in 1900. Nowadays, some elevators are using steel belts in place of steel ropes. These steel belts are flat and extremely light because of the high friction coating, and carbon fibre core. Also, these belts do not require oil or lubricant. All these qualities make traction elevators energy efficient and best suited for high-rise applications.

These are three main types of traction elevators:

• Geared Traction Elevators
• Gearless Traction Elevators
• Machine Room-Less Traction Elevators

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elevator motor

Geared Traction Elevators

These traction elevators have a gearbox which is attached to the electric motor and turns the hoisting sheave and moves the rope. Geared traction elevators are driven by either direct current (DC) or alternating current (AC) and their maximum speed is up to 500 ft. per minute. This speed limit is lower than gearless traction elevators but higher than many other types of elevators. Moreover, these elevators are capable of travelling to a maximum distance of 250 ft.Geared traction elevators have fair installation and maintenance costs, and low energy consumption.

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Gearless Traction Elevators

These traction elevators have the wheel directly attached to the electric motor. Gearless traction elevators have a very high travel speed i.e. up to 2000 ft. per minute and can travel a great distance. Their maximum travel distance is almost 2000 ft. and thus they are the best and the only choice for high-rise buildings. These elevators function using a wire cable (hoisting ropes) which is attached to the elevator top and wrapped around the sheave on one end. The other end of the cable is attached with a counterweight that raises and lowers in the hoistway. The weight of the cab and counterweight together press the cable which then turns the sheave and the elevator begins moving. To keep the load on the electric motor minimum, the counterweight is matched with the weight of the elevator cab and half-load of the passengers.

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Benefits of Home Elevators.

Benefits of Home Elevators.

     As times change and people live longer, more and more homeowners are installing elevators in their homes. Having a home elevator is an affordable solution for many needs and purposes. Whether you need to negotiate different levels of your home, looking to increase your home value or simply planning for the future, a home elevator is a wise investment.

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  Home elevators are helpful in many ways, but also a luxury item. In larger homes, they certainly make life easier when travelling between floors. Home elevators can be customized with elaborate materials such as high-end woods, marble, custom glass shaftways, etc…

  One of the best parts of having an elevator is being covered by warranty. Most manufacturers offer a standard 2-3 year warranty that will protect the homeowner. Please note that regular service must be part of the maintenance required for coverage under warranty.

Home Elevators can really transform your life and help you to live more easily.

  For those with limited mobility, it can provide a way to get around the home easily and safely, and for others, it can provide a great value-adding asset to a home as well as acting as an elegant and luxurious feature of the house.

Ease of access

  It can be tiresome carrying items up and downstairs in your home. You may have your living and kitchen areas upstairs or a BBQ entertaining deck up top, perhaps you are engaging in a big spring clean or redecorating – which may involve lugging heavy loads up and downstairs.

With a home lift, this annoyance will be a thing of the past as you can easily transport whatever you need using your elevator.

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Mobility solutions

  If you yourself are of limited mobility or have friends and family who are, the home elevators, as well as platform lifts, are great ways of helping people to move around a home.

  Many elderly people no longer confidence walking upstairs have benefited from the ease of transport a residential lift has offered them. Having a lift allows all guests to your home to feel comfortable and safe in knowing that they are in an atmosphere that accommodates their needs.

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Added value

  An Easy Living Home Elevator is a sound investment that will add value to your home. Designed and built to extremely high standards of quality, it will last for years and prove to be a magnificent feature of your home.

Buying Home: Apartment or Independent house?

Buying Home: Apartment or Independent house?

Owning a home is a financial goal that transcends religion and nationality. Once the requisite financial planning is done and necessary savings accumulated, the next question is whether to buy an apartment or an independent house. Usually, space crunch and high rates in metros compel most homebuyers to look at apartments as their preferred choice. These come slightly cheaper than independent property which could be in the form of a villa or an assortment of floors built on a plot.

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Apartments and independent houses

There are many factors to consider like location, accessibility, rent, appreciation, security, the purpose of the purchase, stage of life etc. before one makes this once in a lifetime investment.

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The cost of buying an independent house is much higher than that of buying a luxury apartment hence in case of a home loan the requirement will increase in a corresponding manner. It would include the price of the plot, the stamp duty to be paid to the Govt., the clearances required from various authorities, the cost for an electricity connection, raw materials, labour costs depending on city, and the architect fees in case of renovations. In case of an apartment, the builder takes care of the technical formalities and buyer just has to pay the requisite amount for the apartment and move in whenever one desires.

While these apartments come with added values, such as security, enough parking space, power back-up, water systems and fire safety mechanism in place, an independent property needs extra effort for setting up of these services. This would also include an extra cost of 2-3% of the total property value on these amenities around an independent villa property. This would include setting up of small power back-up in the form of an inverter or a generator set and your water mechanism.

Living in a Luxury apartment complex encourages communal harmony and societal living as no discrimination is made on the basis of caste or creed. Society members from all walks of life are welcomed which is lacking in independent house living.

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