4 points to avoid Any Mistakes Investing in Real Estate?

Investing in a real estate is a much profitable one. Real estate investment can help you achieve your dreams. Apart from good points, sometimes it leads to frustration as well. Thus protecting you under this situation of a competitive market will help you overcome from the missteps path.

Let’s discuss here some of the mistakes which you should avoid while investing in a real estate:

1.    Finances and Budget Planning:

·       Any successful investor knows that thoughtful planning is imperative. Dedicating the time and effort into devising a sound financial strategy is the best way to ensure a profitable venture.

·       The first consideration is whether you have enough equity and/or liquid assets to hold the property. Many real estate lawyers know that over-leveraging will put an investor at risk for future losses. Poor budget planning, a market downturn, unforeseen repairs, or delayed renovation timelines can seriously impact the bottom line. Another important consideration is to hire a real estate lawyer to assess local laws or an accountant to help track your finances.

·       To avoid these pitfalls, make a coherent budget plan to ensure you have the finances to support your investment. Ideally, a budget should include three to six months of mortgage payments, adequate resources for repair and upgrade costs, as well as a budget to hire lawyers or accountants.

·       That said, not everything goes according to plan. You should expect the unexpected and come up with a backup plan if things don’t work out the way you wanted.

2.    Know Your Investment

·       Another step to success is to know as much as possible about the property. Researching its history, the overall market situation, and getting to know the surrounding area are good starting points. You should also ask yourself if the property fits into your overall investment and budget plan.

·       Being aware of key details will help you decide whether the property is a good investment overall if the asking price is reasonable, and what expenses might come up in the future.

Some questions you should take into consideration are:

·       What is the current state of the property? Are there major structural issues? What will need to be upgraded or replaced to make the property livable and return a profit?

·       What is the neighborhood like? How is the property zoned? You may need to consult a real estate lawyer to figure out local laws.

·       How is the market trending? Does it seem like a sensible long-term investment? Getting advice from a successful investor or a real estate broker might give you a better picture of where the market is headed.

·       Why are you considering buying property in this particular area? Why is the property up for sale?

3.    Be Aware of Laws and Regulations

·       Another imperative is to be educated on the legal and regulatory frameworks that will come into play. There is a lot to know and it varies greatly depending on the area where you invest. You must consider laws and liabilities, tax regulations, Fair Housing and discrimination, as well as national and regional implications.

·       Hiring a tax attorney who specializes in real estate, or consulting a real estate lawyer may be necessary to get the best advice on how to avoid legal trouble in the future. Rather than doing all the research on your own, hiring a professional will allow you to focus your attention on more urgent matters.

4.    Planning For the Future

·       Many investors don’t properly plan for the future of their property and find themselves stuck with no profitable exit strategy. Their assumption is that they will either rent it or sell it outright at a profit. But what if the market forces don’t align, and there are no buyers or renters?

·       The best approach is to supplement your Plan A exit strategy with a Plan B and a Plan C. You might consider refurbishing and reselling, offering a lease-to-own option, or selling to another investor just below market price. Optimistically, you’ll still make a profit, but at the very least you’ll be able to cut future losses.

Top Four Features of Commercial Office Designs of the Future

The future is striking at our door, which is filled with innovative designs and wonderful creations, which we have been never thought of.

Due to the change in technology or you can say due to the technological advancement, rise of smart devices, wi -fi accessibility has change our perceptions of future i.e in future there will be virtual conferencing means the need for a fixed workspace may be greatly reduced overall.

Let’s take a look about the features of commercial office designs of the future

        An Office That Can Commute To You!

     The rise of automobile vehicles gave a new rise to our developing economy people easily travel all over the world. Besides traveling people can work in their vehicle, and they feel comfortable there. This might be a rather useful idea for those always on the move and needing to work whilst traveling.

            Furniture of The Future

·      A future office space isn't complete without the addition of  some fancy designs. In terms of future furniture trends, you can expect to see all sorts of wacky designs and minimalist workings at play in your future workplace.

·      Designs will incorporate built-in technology, ergonomic features and compact systems that combine both storage and furniture for practical and efficient space-saving purposes.

                                Your Future Colleagues

·      Come on, you knew it was coming. Touted as our current and future replacement, the robotics of the future will no doubt play a major part in our future workplaces.

·      Perhaps we won't quite be seeing the advanced android kinds featured in films like Blade Runner and co. (although countries like Japan seem to be hot on the heels of that prospect) but we'll no doubt start to see all sorts of little bots roaming about, cleaning and hovering, delivering packages, acting as secretaries and more.

·      Our new metallic friends we'll be accompanied by our increasing dependence on ever developing digital touch screens and virtual technologies, and it might well be the case that your future

   Alternative Office spaces:

o   In the future there may not be a permanent office space at all!

o   The rise of break-out areas, co-working spaces and collaborative environments could shift the focus from the old-fashioned cubicle or set desk, to an environment in which workers will need to adapt to hot desking, home working and on the go mobility. 

o   At present, 87% of people still work within an office environment according to Small Business, 2015, however based on future trends this figure will most likely change.

o   Technology will of course be the key driver behind a push towards remote working, however there will always be a need to have a permanent office space where employees can link together and work from. So it looks like it'll be a mixture of both physical and personal office environments as opposed to one or the other in this case. 

o   Those who do choose to work remotely are going to need a quiet space to avoid the hustle and bustle of home distractions - Children, pets, TV, video games... There are a number of interesting design concepts currently in development, one solution focuses on the idea of a stylish and enclosed private office pod (featured below).

RERA – A Game Changer: 3 Key Trends in Commercial Real Estate in Noida

“RERA aims at promoting growth of the real estate sector. It aims at providing transparency. It doesn’t hide anything from the sellers so that it can build trust among the buyers and sellers. In other words it creates an environment of professionalism.”

It is almost two years now since the Real Estate (Regulation and Development) Act, (RERA), came into force in parts and two years since it came into force in its entirety across India.

Here below, three such key trends are going to be discussed which are likely to be visible in the commercial real estates of Noida as well. These are as follows:

1.     Compulsory Registration: 

•        According to the central act, every real estate project (where the total area to be developed exceeds 500 sq. mtrs. Or more than 8 apartments is proposed to be developed in any phase), must be registered with its respective state’s RERA.
•         Existing projects where the completion certificate (CC) or occupancy certificate (OC) has not been issued are also required to comply with the registration requirements under the Act.
•         While applying for registration, promoters are required to provide detailed information on the project e.g. land status, details of the promoter, approvals, schedule of completion, etc.
•         Only when registration is completed and other approvals (construction related) are in place, can the project be marketed.

2.     Title Representation:

•    Promoters are now required to make a positive warranty on his right title and interest on the land, which can be used later against him by the home buyer, should any title defect be discovered.
•       Additionally, they are required to obtain insurance against the title and construction of the projects, proceeds of which shall go to the allottee upon execution of the agreement of sale.

3.     Standardization of Sale Agreement: 

•    The Act prescribes a standard model sale agreement to be entered into between promoters and home-buyers.
•     Typically, promoters insert punitive clauses against home buyers which penalized them for any default while similar defaults by the promoter attracted negligible or no penalty.
•     Such penal clauses could well be a thing of the past and home buyers can look forward to more balanced agreements in the future.

   How you can be benefited from Anthurium?

• In connection to the earlier discussion one can highly mention the name of Anthurium, which is a commercial property that can aid investors and buyers to avail maximum benefits from their property for sale in Noida for commercial purpose. 

• It is the new commercial project in Noida, located in the central location of sector- 73, offering smart digital offices and virtual offices for businesses. The place is situated at the most convenient location for both the employees and the companies.  

• Moreover, Anthurium also offers fully equipped offices allowing business owners to get maximum benefits from their investment following all the terms and conditions of RERA, these days. 

• Therefore, it should be kept in mind that all the benefits pertaining to RERA will also be available here at Anthurium in Noida.

From the promoters of The Corenthum & I-Thum

http://www.anthurium73noida.com/

info@anthurium73noida.com

Plot No. 03, Sector 73, Noida, 201301, (U. P)

For Details Call Us Now:- +91-8750620008