If you want to increase your riches, entering into the business of real estate has always been a tried-and-true tactic. It's among the few investments that will thrive during a boom and then be securely maintained during a downturn. When it comes to selecting a great property that will be profitable, there are no special tactics or formulas to follow; it's simply a matter of using common sense. Investing in residential real estate is a popular way to put your money to work. Whether you're planning on buying a house for yourself or planning on doing investment, you must know the golden rules of investing in residential real estate. Here we've compiled a list of the golden rules in real estate to remember before investing, regardless of how big or small your investment is.
When it comes to real estate investing, there is a big difference between perception and reality. While most people that get into the world of residential real estate investment have beneficial experiences, some people that get into the market for the first time will find things the hard way. So, before putting any money down, it's a good idea to do some research on a few properties and the surrounding area. There should always be strong demand impulses to help your investment appreciate in the future. Education institutions, proximity to public transportation, ease of access, a wide range of current amenities, and planned future improvements are just a few examples.
The real estate market is not something to overlook. Before getting into it, make sure you understand everything there is i.e. know about the existing and future market conditions. Understanding your investment goals before buying real estate can help you make an informed decision on whether it’s right for you. When investing in the real estate business, you must understand what is happening in the marketplace so that you can make decisions accordingly.
Real estate has always been a lucrative business, with plenty of opportunities for success. Yet, not all real estate markets are the same. To determine the best market to invest in, you need to consider several factors. The type of property you want to buy also matters when it comes to markets. For example, if you're looking at buying an apartment building or commercial real estate, then location is more important than the rest of the market conditions. Also, another factor is the employment rate. How many people live in your area and what type of jobs do they have? Are they mostly unionized or non-unionized workers? Do you have many people working in manufacturing or retail, or is it more service-oriented? You need to know this information so you can determine if your market will be able to support the kind of investment you plan on. That is, if the apartment you buy is in a high-demand area or is near to an industrial or educational area, then you have the possibility of renting an apartment. Or you can buy homes to resell them at a higher price later on, etc. That is, some locations will keep your property occupied at a premium monthly rental rate while also making high capital gains. While others will produce exceptional rental returns or are better suited for long-term capital gains rather than rental revenue. So, always select a location while keeping the city market and investment concept in mind.
Before confirming a buy, potential buyers who have done their homework will always enquire about the demand factors that set it apart. As a result, always look for your apartment with the demand drivers in mind. New shopping malls, complexes, or towers, for instance, can be a prospective housing market with excellent rental income and capital appreciation. Infrastructure development, such as flyovers, metros, or new roads, as well as commercial hubs, can all be growth drivers. Because housing demand tends to rise in the medium to long term, these places could be a goldmine for you. In the meantime, you can supplement your income by renting a home.
When you invest in a home, you are making a big commitment. This is why it’s important to remember the golden rules for investing in residential real estate. If you follow these rules, it will be easier to find a property that offers high returns and low risk. So, contact the best real estate builder for your investment when it comes time to building your dream home.
If you are looking for the best apartments in Kerala to invest in, Varma Homes is the right choice. Varma Homes offers a range of 2BHK and 3BHK apartments in prime locations across Kerala. We are one of the best residential apartment builders in Kerala and can assist you with all your real estate requirements. So don't wait anymore! Contact us today by visiting our website or giving us a call at +91-9645883333.
Building your new home is an exciting and at times overwhelming experience, but for your builder it is very routine, which is why you need to be an active participant in all aspects of the home building process to ensure you end up with your dream home. Varma Homes are the top builders in Kochi, Kerala for flats & apartments, and we assure you the best end results. Building your new home cannot be a passive exercise, because there are so many decisions that must be made by you. If you are unable or unwilling to make these decisions, you will force your builder to make them and run the risk that your new home won't turn out the way you envisioned it or cost what you thought. Varma Homes envision to have a clarity in our thought processes which would eventually pave way to build quality homes delivered on time. Here are few things you must know and take into consideration when building your new home: 1. Do a little research to find out the best reputed builders Do your research when it comes to choosing a builder. How long have they been in the business? What is their reputation? Can you see examples of their work? Is there anyone who has used them before that you can speak to? Don't be afraid to meet with multiple builders to discuss your plans. Many builders are out there, but not all are created equal. Whether you search for information online or get recommendations from your family and friends, find out whether a builder is respected for doing quality work as well as being punctual. The building process isn’t short, so make sure you are happy with your team — we, the best builders in Cochin are ready to help you with it. This requires doing a little To start the building process right, you’ll want to do the following: • Conduct extensive online research to make sure you’re using a reputable builder • Get referrals from friends and family • Look at examples of the builder’s current work Varma Homes are the best home builders and property builders in Cochin offering new luxury flats, apartments and residential projects in Kochi, Thrissur, Trivandrum, Kerala. 2. Ask questions (and more questions) You need to understand the parameters of what the builder is doing for you. And you get that information by asking questions. Make sure the builder can execute what you want, because not all builders can accommodate custom designs. One of the first things you should do before meeting with your team for the first time is to identify what you don’t know, and then eliminate that doubt. If this is your first time building, there are probably going to be a lot of things you don’t know, and that’s fine. There are no dumb questions. Here are a few starter questions: • What exactly are you paying for? • Do you need full architecture/design/build services, or do you just want a blueprint? • How much time should you allow? 3. Determine your budget Before you start building your new home, run some numbers to determine whether you can afford to build the home you want. Know well the present scenario and make maximum utilization of the incentives provided by the government. Make sure you have a significant amount of money set aside for things you think of throughout the process that you want to buy yourself and have the builder install. Also, don't forget to budget for new furniture if needed for the whole house. 4. Find suitable land Make sure you can find affordable land prior to getting caught up in finding a builder and designing a house. No matter why you're purchasing a piece of property, nothing is more important than location. If you're making an investment, don't buy land with no resale value. If you're aiming on starting up a business, don't buy land completely isolated from potential customers. And if you're looking to build a house, don't buy land you can't build on.Read More
Being the cultural capital of Kerala, Thrissur has become tantamount to vibrant and energetic life. The unique cultural heritage that is Thrissur's trademark has made it one of the most desirable places to live in. Thrissur's economy and flourishing real estate sector are supported by a fast-expanding infrastructure base, attracting an increasing number of investment enthusiasts. Apartments are one of your finest options while looking for housing or property in Thrissur. When it comes to owning an apartment in Thrissur, you'll have many advantages. Better lifestyleSince the majority of apartments are being built in upscale urban areas, living in one of these apartment complexes automatically improves your quality of life. Not every city in Kerala can boast of having a majority of flats or apartments that offer simple access to the city's most important landmarks, attractions, and other practical locations.Tourist hubNo trip to Kerala is complete without visiting Thrissur. The city is home to some of the most well-known tourist attractions and sites in India, and events like the renowned Thrissur Pooram annually bring thousands of visitors. If you don't want to live in the apartment, you can still make money off the investment by renting it to tourists or other visitors. Renting out your apartments is an excellent way to gain a return on your investment because Thrissur attracts more tourists every year.SecuritySecurity is the prime concern which bothers everyone and people never want to compromise with it. Security is one of the main reasons that people are preferring apartments in Thrissur over independent houses or villas. Today there are some smart home devices for apartments that every homeowner should purchase in this electronic era. Because most apartments provide their residents with digital locks, alarms, automated doors, etc. which can give them the utmost security. Moreover, CCTV cameras are installed in all the residential complexes which can monitor every movement of the visitors and inhabitants. Security guards are also active 24X7 and will only give access to the residents and permitted visitors. These days people are more concerned about the entry of trespassers, unwanted salesmen, etc. into their homes. Living in an apartment in Thrissur will make your life peaceful by ensuring that no one will reach you without your permission.Appreciation of property valueAs you pay off your loans, the value of your home increases because when you buy a home, you are accumulating equity. You can be sure that your investment will provide the necessary return when you buy a second home as a major purchase. Reputable builders in Kerala make sure that all of their projects are managed by qualified engineers and designers who methodically carry out each project. This is why a prospective homeowner would do well to consider purchasing flats in Thrissur.Size and budgetBudget is a real concern when investing in real estate. Apartments offer a wide variety of residences that meet any budget, unlike large villas or independent homes that may seem out of reach for many. Different sizes and price ranges are available for apartments. Young buyers who have a limited budget or are taking out a loan to purchase their home will benefit greatly from this. It is always preferable to pay in installments rather than rent the same space.Community LivingWhen it comes to families with young children, housewives, or senior citizens, apartment living is ideal. They can socialise with other residents and enjoy their company. Parents who stay at home with their children or senior citizens may get lonely if they are alone all day, therefore it is ideal for them to live in an apartment where they can interact with their neighbours. It is also quite convenient and safe for children to play with their neighbours in the shared facilities of the complex.A home in the IT hubOne of the important IT clusters in Kerala is located in Thrissur. The real estate market in other comparable IT hubs has become oversaturated, while Thrissur is still in its prime, expanding and displaying the potential for significant developments. People who commute outside the city find apartments in Thrissur to be of great value, and even if you need to relocate for work reasons later, there will be no shortage of tenants wanting to rent out your property.Stable Environment:Thrissur is a peaceful and one of the least troubled cities in India. The city is flooded with many ancient temples and shrines. The political environment is also very stable. Since people are educated and independent, hence they don’t waste time indulging themselves in unscrupulous or dishonest activities. Sri Vadakkunnathan temple, Paramekkavu Temple, Thiruvambaby Sri Krishna temple, Viyoor Shiva Temple, Seetha Ramaswamy temple, etc. are some famous temples which make this place beautiful and attractive. Moreover, the weather is also very comfortable here. This place is neither too hot nor too cold, so you will get pleasant weather throughout the year.Varma SpectrumVarma Homes invite you to take advantage of all this boon happening in the magnificent metropolis of Thrissur with Varma Spectrum apartments! Varma Spectrum is located in Poochatti, with its wonderfully composed first-rate construction, reflecting the enthusiasm of the location, which is near the NH bypass and Bhavan's Vidya Mandir. With proven competence in delivering dream apartments in Kerala, built with state-of-the-art construction ideas and world-class amenities such as a fitness centre, furnished lobby, library, and indoor play area, we thrive to provide you with the best. At Varma Spectrum, you are going to enjoy a trailblazing lifestyle. It is an essential asset for people looking for the greatest luxury flats in Thrissur that provide more than what any resident desires. Therefore, if you're seeking a unique living experience with globally acclaimed facilities, abundant flora, and a relaxing atmosphere, look no further. Thrissur, Kerala's cultural capital, is the hottest, happening place to own and live life.Read More
Buying a new property can be a very challenging task, as for a newly constructing property you will have to work along with the property builders. While buying a previously owned house, you can easily get enough and more information regarding it. The flat builders with whom you have decided to work along or to buy your new flats from, make sure to get their complete details and do not forget to check the builders’ background or previous construction history. The following are the most common mistakes that people make when buying a new property: 1. Lack of Proper Research The most fundamental step in buying a new property is research. Select a city based on your preference and make the basic enquiries about its vicinity, safety, infrastructure and development of the area in the near future, etc. The home-buyers have a tendency to listen to other’s opinions and forget to do this crucial step. 2. Consider Pros and Cons Getting first-hand information is always better than relying upon secondary resources. Look for the lifestyle of the area to best suit you and your needs by checking the proximity to local markets, malls, schools and hospitals. These are the basic requirements to consider if you are planning to move in with your family. Varma Maalika and Varma Regent of Varma Homes are the ready to occupy flats in Ernakulam which have already received an overwhelming response from the public. Both these carefully built apartments are accessibly erected in the prime residential areas of Ernakulam city. The new luxury apartments of Varma Maalika in Thripunithura, specifically positioned at S.N. Junction is proximate to almost everything. The place is interconnected to temples, shopping malls, schools like Bhavans, Choice & Chinmaya; and connectivity to mini bypass, the seaport - airport road and more. Varma Regent’s luxury flats in Edappally is nearby to all the prominent healthcare centres, famous educational institutions, popular hangout spots and other major commercial developments. Apart from the proximity to Lulu Mall, its easy access to Metro Station is an added advantage of Varma Regent. 3. Don’t go beyond your budget Don’t forget about your financial status when buying a new property. Plan your budget accordingly and apply for a home-loan in advance to avoid any unpredictable financial crisis in the future. This is just the right opportunity for you to purchase any of the under-construction projects progressing within the metro city limits. Under the Pradhan Mantri Awas Yojana (PMAY) scheme, a home loan subsidy interest amount of Rs 2.67 lakhs is provided to the beneficiaries and the amount is credited to their loan account. The Government of India is planning to drop the GST rate for property purchases with an aim to push demand, under the Credit Linked Subsidy Scheme (CLSS) from 12% to 8%. On booking Varma Homes, you can avail CLSS scheme under the PMAY on home loans and save upto 2.67 Lakhs (*Terms and conditions apply) and an additional 4% Goods and Services Tax (GST) deduction will also be available. 4. Verbal Promises Don’t fall for the verbal promises of your apartment builders, later on you may face the challenge of not having your dream home built the way you wanted it to be. So in order to avoid making such a mistake, visit the worksite personally during the construction and afterwards. Varma Homes strives to uphold their promise ‘Quality Assured Affordable Homes to All’ in every residential venture that they undertake. It is the essence of their mantra ‘Constructing Happiness’. The top builders in Kochi guarantees prompt delivery of their projects, as the motto of Varma Homes itself says “Varma Promises Timely Delivery” and they also complete their projects on time. For an instance, both Varma Regent and Varma Maalika, the residential projects in Kochi (Hurry up, only a few units left!) were not delayed, instead it were delivered well before the agreed dates and their present clients are immensely satisfied with their ready to move flats in Cochin. Always choose the most dependable and trustworthy home builders when buying a new property. Varma Homes is one of such reputed builders in Cochin.Read More
An ideal home is one of the best lifetime investment that one can make in his life. A much planned and aspired home is a place where you need to enjoy a healthy, stress free and vibrant life. As soon as you enjoy your home, you will have to leave behind everything and enjoy a stress free life with your family members. All together, a home strengthens the bond between all family members and brings them under a roof. So if are all set to buy a home or an apartment for yourself or for any of your family members, an extra care need to be made. Advertisements can provide a lot of information, but its highly recommended that physical check and inspection is done with the property to make sure your requirement is satisfied and the quality is superior. When you are looking to buy an apartment, its always mandatory that you make a checklist of things that you will need and compare them with what is been offered. This will make it easy for you to narrow your search to a project which is very specific and special and focus your discussions only for that. Here we are providing you a checklist which can help you in selecting the right apartment. 1. Structure Structure is the foremost and most important aspect which you need to give importance. The structural soundness of the apartment, should be given importance where an enquiry about the materials used should be checked thoroughly. Insulation s, placement of power points and wired connections with the process of how earth quake resistance is done need to checked. 2. Amenities A check-up need to be done if the apartment is provided with all new amenities as said and agreed in the brochures or display. Some of them may include a multi gym, swimming pool. indoor games area, banquet hall, fire extinguisher. 3. Car parking A complete check-up need to be made to make sure that a car park is committed in your house. If the builder does not have a space for car parking and if you have a car, then its going to be a problem. 4. Outdoor area One need to check if the apartment gives ample space for setting up an outside area, where you can free yourself and kids can play. its important for kids to have some play area as air and space is required for their growth. Such an area gives a lot of space for some physical activity. 5. Noise level If the apartment is too noisy it's better not to choose. Noise levels need to be checked before making any sort of decision as too much of noise is going to be a problem for you, especially if you have elderly people or even too young kids. 6. Garbage disposal Disposal of waste is always a big problem, as public disposal is not any more a culture. Need to check if there is ample infrastructure for waste disposal otherwise it's a factor which will hamper your health. 7. Security A 24/7 security is much advised for apartments to avoid entry restriction and recorded entry and also to avoid any kind of issues especially when there are kids. 8. Connectivity Connectivity is really important as living in a deserted place is not something which any one would appreciate. Moreover, it should be well connected with all retail shops, hospitals, schools, medial shops which will make ones life easy. Its going to be extremely thrilling to move to a new apartment which will,be your dream, but if its not the right one then its going to be a worst experience as well. So its advised to check every aspect before the final purchase is done. Varma Homes, a builder with over two decades of experience is committed to educate our customers with important aspects from the industry which they need to be aware. Varma Homes - The Builder With A Royal LineageRead More
Mutual Funds/ Shares /Real Estate Confused between mutual funds v/s shares v/s real estate? Get to know how financing in real estate is more constructive than shares or mutual funds. At present time of rising inflation and cumulative costs, it has become very tough to preserve a good régime with a poor source of revenue. It has made persons keen to search for other alternative sources of revenues. While investment looks like a money-spinning choice for extra earnings but again searching too many available alternatives on the niche market is genuinely a hard-hitting job to pick the best among them. Mutual funds, real estate, gold, shares, etc. are some of the key investment choices that one looks into, but each has its own pros and cons. Pros & Cons of Real Estate Real estate can give you benefits like rental income, security against inflation and capital appreciation. If you have a plan to take a home loan, you will get full tax benefits against the interest as well as the instalments. When you invest in the realty market, it is time-saving and money generating which will give you various profits. Pros: Real estate increases in value over time. Convenient and more comfortable to invest and develop with other supplementary securities Concrete and substantial investment Offer remarkable inflation conditions Leverages in real-estate are harmless Cons: • Before finalizing the deal, requires a lot of homework about mortgages, insurance, negotiation, titles, finding the right investment property, etc.• Time-consuming if you plan to rent or sell properties• Capital intensive in nature• Real estate has low liquidity• It requires maintenance Pros & Cons of Other Assets over the Real Estate A share market, equity market, mutual funds are the gathering of buyers and sellers. It is a loose network of financial transactions and not a distinct entity of stocks or shares. Mutual funds are the best way for the average investor to purchase investments which would be too difficult to manage on their own. But the truth is that the stock markets/mutual funds are highly volatile and risky to invest. Let’s have a look at the pros and con of other assets: Pros: When needed, it can be easily transformable into liquid cash Gives investors broad diversification. Less capital intensive in nature The assets are controlled by qualified fund managers Cons: Investments made in these kinds of assets involves a higher amount of risk over real estate Management Abuses Needs in-depth knowledge and understanding while selecting good equity stocks If you wish to begin your investment with a very smaller sum and have high liquidity requirements, with steady investment, then mutual funds would be an excellent choice for you. If you have a significant amount in hand for the down-payment and have very long-term investment goals, then the real estate can give you good returns along with a steady rental income. On the whole, financing in real-estate is less risky than equity shares or mutual funds. To invest in real estate is always an excellent choice, a solid and physical asset will always give immense satisfaction and big mental comfort over other financial assets like a mutual fund or stock. Obviously, mutual funds and stocks are also lucrative, but the risk factor is bigger. On the other hand, real estate is safer and the price of property always goes up after a few years. So returns are almost guaranteed. If you are looking for a property in the prime cities of Kerala with future returns around 60 lakh to 1 crore in five years, then you can come to the Varma Homes. We have ready to move, ongoing and new launch projects in Kochi, Trivandrum and Thrissur. By investing at our projects, you will definitely get a guaranteed return. Our homes are designed for a lifestyle of comfort and convenience and also you can find a range of thoughtfully handpicked amenities to enjoy commutable city living. So get in touch with us to know more about our projects and avail the early bird surprises that await you!Read More