Category Archives: Real Estate

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Guideline to Invest in High Yield London Property

We know it is quite stressful to find a lovely house which is above your expectations. And you want to spend whole life in it. Think about London, the capital of UK, how difficult and challenging it would be to buy a house there.  We have to admit that there is a considerable demand for London property though there are many buyers with professionalism and investment assets.

The London property and housing is fast, fierce and around £200,000 above costly than the other nearest locations, so keep that in mind before doing a hunt.  We can guide you with excellent and helpful tips obtaining a perfect property in London.

 

Why London?

The capital of UK-London is rich with history, entertainment, and culture that people want to engross in their lives. Moreover, tourists from all over the world come and visit London; its thriving economy contributes to 30% of the total GDP of UK and has given jobs to millions of people in different sectors.

If you are planning to live in London, think of staying in the heart of the throbbing and lively city.  You can’t enjoy doing shopping other than prestigious malls of London, attending a premiere of world star film and watching the iconic film in the fantastic theatres.

London is an ideal location for you if you want to stay for a long time with family, buying a property to increase the portfolio or to exploit the available prospects in the city.

 

Reason for being expensive

There is a huge demand for people to live a life in London because of world leader status in culture, technology, and finance. We have seen that it is excellent upward, motivated and highly mobile people are attracted towards the city to spend their lives. Because of the enormous demand in desirable areas, London is always short of houses which takes the house prices quite up than the average income.

We have to admit that London has faced a slight incline in property value but it is still the most desirable city to live in and things will get better soon like before.

 

Knowing London

There are 33 boroughs in London which are not only distinguished by the varied personalities but also by the different postcodes, property values, and characteristics landmarks.  We can divide the boroughs into separate five sub regions such as north London, central London, south London, west London and east London.  If you are more interested in central London, find the area that lies in your budget and lifestyle is utmost important.

 

Central London

Central London is across the famous Thames and is known as the heart of the city.  The central London is situated at the river north and is comprises of London city, Westminster and central parts of Hackney, Tower Hamlets, Islington and Camden.  The south part of central London is comprised of Lambeth, Southwark, Wandsworth and Kensington & Chelsea. In central London you will find a high house with density, the high value of land and prestigious organizations such as business headquarters, offices of government, embassies and global institutions.

 

North London

North of London is mostly comprised of Islington, Hackney and Camden outskirts and technically includes Haringey, Enfield, and Barnet.  If your house has passcode with N, then you can enjoy the open nightclubs with suburban feeling.  We are not saying that north London is out of life, there are plenty of things you can do on the weekend if staying close to Trent Park, Kenwood house, and Emirates stadium.

 

South London

South London comprises Merton, Thames, Sutton, Wandsworth, Bromley, and Croyden and is known for its urban villages and greenery around.  You can relax over the weekend in any of the best parks such as Richmond Park and Clapham Common and you can also enjoy the urban scene at Peckham and Brixton hotspots.

 

East London

East London is known to be rough at the edges historically, but the residents have seen an enormous transition into more vibrant and creative environment.  The subregions are Greenwich, Bexley, Barking and Dagenham, Lewisham, Newham, Havering, Waltham Forest, Redbridge and outskirts of tower hamlets and Hackney.

 

West London

The west London is acknowledged with excellent market status, first-class museum, prestigious boutiques, Buckingham Palace and classic city architecture. The west London is comprised of horror, Hillingdon, Richmond, Fulham, Hammersmith, brent, and healing.

Transport Affecting the Housing

London city is divided into different travel zones.  The public transportation has a significant impact on your living in London as you can easily roam around the city.  According to news, around 3.8 billion journeys were recorded on public transport comprises London buses, DLR service, rivers reviews, tram and over ground and underground.  When finding a house in London, make sure of finding the one close to the public transport.

Proximity to the public transport includes high property price so that should be kept in mind. If you want a lower price tag, make up your mind for a short morning walk as nearby station houses are quite highly priced.

 

Investment in London

London is an excellent area from an investment point of view, there is enormous housing demand and you will find a tenant any which ways. But don’t spend over your budget and make sure of the area before investing any. There are specific areas which do not have rental growth so don’t invest in those. The three promising areas with prosperous growth are:

 

Woolwich, SE18

Currently, the properties at Woolwich starts with low rental such as £330,000. But the new Crossrail route will change the situation. The people would be able to reach the city and canary wharf within 15 minutes and this development will raise the property value in future as well.

 

Hackney, E8

If you want non-stop demand then Hackney is the perfect location.  It is lovely and appealing to the renters.  Because of its good standing and great overground connection to the central life. You can earn around £1600 income with a two bedroom apartment. The value of houses is £600,000, and apartments around £480,000.

 

Wood Green, N22

In the year 2017, around £2bn investment has been made in wood green to build new homes in 5000.  Such initiative will give a push to the area and will attract the tenants from other parts of the city. The significant improvements in Piccadilly line, Crossrail 2 planning, investment in the northern line. It will take the city towards growth in near future.

Real Estate

Tips to Buying a Home for First Time Home Buyers

We all have a common desire in our life to spend quality time with our close ones. We work hard to bestow our parents and children with a pleasant and stress free life. Owning a home is the foremost way to keep their life in a congenial mode. Owning a home not only makes living enjoyable but also set us free from the tedious job of shifting. A high rent has to be paid every month which is almost equal to more than half of monthly installments and have to bear a heavy loss due to damaging of precious articles while shifting. What if it is a first time you are buying a home? Whom should you approach initially or what are the essential points before finalizing any deal?

Cost of property is on rise in Tier 1 cities i.e., cities with more than 1 lakh population and if we consider middle class inhabitants then a due diligence is required. Buying a property is a tiresome and stressful job, we have to run after a builder and it is risky also because we are on the way to spend our life time saving. It is suggested to be vigilant while dealing with property.

Let us discuss some points that could help you in taking right decision

Budget

Budget is the foundation step, finalize your budget before approaching property dealer. A home can be purchased by paying whole amount in cash or you can apply for home loan. If you are paying in cash then no worries but if you are applying for home loan then hold this –

Suppose you have set your budget to 40 lakhs and are planning to take a loan, in such a case you have to pay a down payment of 20-25% of home loan. A down payment is an amount which bank does not pay, this amount has to be disbursed by you. Here, down payment of around 8-10 lakhs is calculated.

Now, Loan amount is the amount which bank pays to the builder, it is calculated by deducting down payment from total amount. Here our total amount is 40 Lakhs and down payment is 8-10 lakhs, then a loan amount of 30-32 lakhs bank will pay. Generally this loan amount is payable in instalments.

How much amount of loan you are eligible for?

Eligibility of loan amount is determined by salary amount you take home. Total amount of loan is 60 times the salary you are taking home. A person alone or husband-wife together taking home salary of 50,000 is desirable for getting 30-32 lakhs loan.

Find a right builder

Although finding a right builder is not an open and shut case but it is not a wild goose chase too. You can find builders over the web easily, read reviews about his work or concern with your friends or family members.

Property Assessment

(i) Compare properties of various builders like nearby facilities available

  • School
  • Hospital
  • Grocery Shop
  • ATMs
  • Banks
  • Malls
  • Public Transport

These are the basic prerequisites for any house holder, it is suggested to keep an eye on these conveniences.

(ii) Avoid locations with low rental value area, high traffic, noisy or busy highways. These factors depreciate the value of property.

(iii) It is expected that value of property will surge in approaching years, locations which attract investors or foresight of opening of any public sector project could tremendously accelerate property value.

Now no matter if you are dealing in property for the first time, just be specific with your requirements. Enjoy your visits to different property dealers and scrutinize properties by keeping above mentioned points.

Ojaswita Chaturvedi
Ojaswita Chaturvedi
Blogging, Marketing, Real Estate

Avoid These Silly Real Estate Agent Mistakes

Are you looking to sell properties? Building a career in real estate is one of the tedious tasks. It is an amalgamation of intimidation and frustration. Mistakes are part of life and in real estate mistakes are as common as any other field. These mistakes can be little more frustrating but like others, they are curable.

In this post, we are going to discuss some of the silly mistakes that are common in the realm of real estate. Without further ado, let’s get started,

●      Fails To Keep The Constant Flow Of Communication

The most important aspect of keeping the business intact is keeping a steady flow of communication. Failing to do so will lead you to lose the client. There are many instances where newbie real estate agents lost to be the track of their clients which leads in two cases. They either switch their agent or they lose interest in the property. Either way, the agent will lose the client.

Do not fall for such mistakes. Keep them close to you. Make them feel valued. Show them that you care for their well being and show that you intend to help them find the best property.

●      Not Making New Prospects Everyday

This seems pretty convincing. There are many instances where cold calls in real estate market seem mere luck. But I can assure you it is pure practice. All the new real estate agents feel uncomfortable in cold calling potential clients. This mostly leads to bizarre start which can later result in an unsuccessful career.

You don’t want that for you. Keep making new prospects each day. This will result fruitful in your future. New real estate agents might find it difficult in talking to someone whom they just saw on their computer screen. Whether you believe it or not, this is one of the practices that will make you veteran real estate agent one day.

●      Spending Time Doing Wrong Things

Time is the one thing which can be one of the most profitable investments for sure if used correctly. New real estate agents usually do something at this time which they regret afterwards. I know it is intimidating. You don’t want to feel bad once you give so much time to some activity and later find it worthless.

Plan your approach accordingly and all the results will shift in your direction. Poor time management is yet another common mistake you need to avoid or your career will fall into oblivion.

●      Are You Still Not Using Social Media!!

Real estate is a business with a lot of competition. The nature of market can shift in a second. In such dynamic area, if you are still relying on traditional marketing strategies, then my dear friend you need to think again.

Social media platform is a new way to market your product. For a real estate agent, real estate property is their product/service (Although they don’t produce it). You need to leverage the reach of the social media platform like Facebook, Twitter, Instagram, Linkedin, Pinterest, Snapchat, and much more than that. This entire community gives attention to your business and clients will flow. So, take advantage of these amazing social media platform and get clients like never before.

●      Not Focusing In One Area

The rookie mistake in real estate can be pretending to know everything. Not focusing on one particular area can lead your career down to zero. You probably don’t want to do that do you? For instance, take an example of any big company. Say Expedia, they offer travel related services. The service list is exhaustive but all fall under travels only (Note that they have number employees to cover that).

You as a person can focus on only one thing. Don’t be a hobo with a closet of magic. Be expert in one thing. That can be either condominiums, rented property, or anything of your choice but only one. Expertise on that with focus and your career will flow like a giant river.

●      No Time For Self Improvement

This can cause a denting effect not only in your career but also in your life. Life is a process of mistakes and improvements. The biggest mistake of your life can be not learning from the mistake. Yes, everyone makes mistakes, take a time out and evaluate what gone wrong and rectify it.

You don’t have to invest much time on that but yes you should invest at least a little time. Give yourself a chance first and then ask your client to give you one (Chance).

●      Are You Less Determinant?

This is the biggest mistake of all in real estate industry. Hard work is non-negotiable in the business. You skip that, the profit will skip you entirely. There is no denying in that. You need to work hard to get hold of clients, be in touch with them, seek out to be a mentor. All of the tasks required determination and if you lack that, you lack everything.

Over To You Fellas

In the end, it all falls under your shoulder whether you embrace it or not. Everyone makes mistakes and that is certainly not new. However, not learning from that mistake can be daunting and lead you to your downfall.

Let me put a summary of the above points to make sure that you get the point,

  • The most important aspect of keeping the business intact is keeping a steady flow of communication. Failing to do so will lead you to lose the client.
  • Keep making new prospects each day. This will result fruitful in your future. New real estate agents might find it difficult in talking to someone whom they just saw on their computer screen.
  • Plan your approach accordingly and all the results will shift in your direction. Poor time management is yet another common mistake you need to avoid or your career will fall into oblivion.
  • Social media platform is a new way to market your product. You need to leverage the reach of the social media platform like Facebook, Twitter, Instagram, Linkedin, Pinterest, Snapchat, and much more than that.
  • The rookie mistake in real estate can be pretending to know everything. Not focusing on one particular area can lead your career down to zero.
  • This can cause a denting effect not only in your career but also in your life. Life is a process of mistakes and improvements. The biggest mistake of your life can be not learning from the mistake.
  • This is the biggest mistake of all in real estate industry. Hard work is non-negotiable in the business.

I hope you do get the point. Plan your approach and nail success on your wall. All the best with that.

David Lane wrote this post. He is currently working for Thailand Property as a Blogger and a Realtor. David is highly enthusiastic, patient and honest. In his spare time, he loves to play golf with a shotgun and go fishing. David often praised by clients for his humble behaviour and honesty.

Real Estate

Real Estate Trends in One of Bangalore’s Top Locality—Introducing Whitefield and Its Plush Villas

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Bangalore’s housing sector has been on an ascent since the time the city witnessed the largest tech boom in the country. Now a hot bed of opportunities, Bangalore is the settling ground for Fortune 100 tech companies from around the world that are in search of talented resources on foreign soil. The city’s real estate industry has held hands with the IT sector in its uphill climb. The two have covered miles in this past decade, a journey that has ended with tremendous success for both.
Whitefield Real Estate, a Quaint Neighborhood
Among the many locations in Bangalore that has been highlighted for real estate reasons is Whitefield. Whitefield is not at the heart of the city as most would imagine. Instead, it is a near quite settlement in the eastern vicinity of the city. Originally a small patch that hosted the first Eurasian settlers in the 1800, the place still retains some of its West-influenced pastern. The quiet, quaint neighborhood off the city limits was suddenly flooded with attention after the tech boom in 1990s. Since then, the place has been given an infrastructural upgrade and promoted as a major suburb. Geographically, Whitefield is an annexure to the Greater Bangalore.
The Real Estate Pricing Trends in Whitefield
A decade after the IT boom first happened, the city was swarming with residents from all over India. This was a direct hint to the local developers to build more apartments and homes to house these professionals. Domestic developers collectively took up the project of urbanizing the city with sky high condos and luxury villas. The pricing of the apartments and villas in Whitefield Bangalore for sale gradually cleaved into a trend and by 2010 a distinct pattern could be traced in the cost structure. The average price per sq. ft. as recorded in the last quarter of 2010 was a little below Rs. 5000 which by 2011, same quarter surged up to above Rs.7000. The price pattern has silently, but surely crept upward since then. The zigzag motion of the graphs may indicate a fall in price subsequent to the rise, but the incidence of rise has been remarkably higher by comparison.
Luxury Calling
Stopping to take a quick look at the available residences in Whitefield, the neighborhood is peppered with plush apartments and villas. Understandably, the villas in Whitefield Bangalore are in greater demand or a greater number of seekers prefer independent homes over multi-family ones which is why the villas are far ahead in the race. And after all, for all the luxury features and architectures, why shouldn’t they?
The housing complexes of Whitefield are cities within the city. The complexes sprawl over acres of land with hundreds of neat villas fanned across the expanse.
• The grounds are laid with small patches of gardens, walking trails, water pockets, fitness centers, sports courts and what not.
• Indoor game rooms are also seen in some housing compounds.
• There are some neighborhoods that even have bars and restaurants inside.
• Indoor swimming pool is a very common feature of these neighborhoods.
• Children’s play area; multipurpose hall and library are others.
The villas are mostly duplexes with bathrooms mostly on the upper level. Ample open space in the form of terraces, backyards and balconies make the villas all the more spacious and airy. The street, the houses overlook are wide and paved on both sides for pedestrians. Wide driveways allow enough space for owners and visitors to park their cars comfortably. Trees lace the inner streets of the compounds which are a great advantage in keeping the campus cool, quiet and natural.

Real Estate

Booking Room For Rent In Delhi? Know Your Best Locations!

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Living in Delhi is a charming experience no matter how much you are bothered with its traffic or pollution. The city is a dream destination especially for college goers who want to live life to the fullest. But the biggest challenge is finding a suitable accommodation here. It is not due to scarcity but the huge diversity of options that baffles our minds.

 

Most importantly, you should choose a suitable location first and then a house. If you prefer to stay near your college you can explore North Campus or South Campus primarily. Both these locations are popular among students as they are packed with all that a student life yearns for. Street foods, cafes, restaurants, multiplexes, roadside stalls, hawkers selling aloo chaats, etc. all come as a package in these locations.

 

Once in Delhi, it is all about finding the location that cater to your convenience as well as touch your heart. Some of the ideal locations for accommodation can be Malviya Nagar, Lajpat Nagar, Sarojini Nagar, Hauz Khas Village, Mayur Vihar, North Campus and other places. When it comes to paying your room rent in Delhi, all these locations have something to offer within your preferred budget.

 

The ever expanding scope of education has led to a large scale increase in the numbers of hostels, PGs and rental flats in these areas. The rental costs in these places range from 2K to 10K – so you have ample scope to find a suitable base for yourself in the city.

 

While deciding your location make sure you focus on the infrastructure. As such connectivity isn’t an issue as almost every region has metro connectivity which is not only cheaper but also safer than any other means. Moreover it is the best mode of transport for regular commuting. However, there are certain places that face water issues that you should inquire from the local people. Usually the planned housing societies face less issues as they have their own maintenance staff and security arrangements.

 

Some of the most sought after locations near North Campus include Kamla Nagar, Hudson Lane, GTB Nagar, Vijay Nagar and Roop Nagar. They are ideal options if you wish to find an economical accommodation near institutions like Ramjas, Kirorimal and others. The room rent ranges somewhere between 6K – 15K at which you can find both boys and girls PGs in the areas.

 

If staying a little far away from your college is OK with you, you can opt for GTB Nagar. The place not only has budget-friendly accommodations but its markets are also quite happening. To satiate the foodie in you, Hudson Lane is again a great location to set up your base – affordable options are in plenty here along with basic necessities like food, malls and hospitals.

 

Lajpat Nagar in South Delhi is a fabulous place if you want to indulge in street shopping as well as get some branded stuffs. It is huge area comprising of ample accommodations for students. Lady Shriram College is easily accessible from any part of Lajpat Nagar. The nearest metro station is that of Moolchand located just a few minutes from the college.

 

All in all, Delhi is filled with options – all you need is to plan your budget and identify your requirements. Once that is done, you can go online and easily find you suitable base. The best part is, online real estate portals do not charge any brokerage so you can save hugely on your initial expenses.

 

For more information regarding student accommodation in Delhi NCR, feel free to visit StudentAcco.

 

Also feel free to share your experiences as a paying guest in Delhi in the comment box given below.

 

Cheers!

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