Factors to Consider When Buying a House

Before buying a house for you there are very basic things that you have to ponder upon and these things are very essential to do as you are investing your hard earned money in that. That house may seem like everything you have ever wanted but before making an offer you should take some time to consider few things beyond the size, style and price. Sometimes we are in hurry and we forget to ask certain important questions that we should.

In this article we will discuss these important things that we have to consider before taking and maturing this step.

We must do close inspection of the building or home as it does not cost much but will help you in saving your thousands. It can make you aware of bad renovations, internal damages, leakages that may be hidden by some adhesive materials or patchy walls that may be hidden by paints. You should know what you are buying.

At first appearance it seems that it is a perfect property , but you should have your brain , eyes and ears open so that does not turn in to a worst nightmare. You must check the ownerships of surrounding properties and make sure that you are aware of any restrictions and you can also council regulations that may apply to the property. There are many renovations that need to be approved by council before work commences.You should be doing your homework so that you can make an informed decision.You must keep a close eye on market trends and monitor big picture factors like economic growth, interest rates, government policies, demographic characteristics.

Location is also an important factor that needed to be taken in to consideration before buying any house. This may include schools, connectivity to roads, proper transportation facilities, shopping complexes and parks. If incase an area is out of your price range then look for areas with similar characteristics that have somewhat lower budget. It is very important to see the size of the accommodation. It includes number of bathrooms, how kitchen is built, number of bedrooms in the apartment as it would be very difficult to adjust in house which is too small for your needs. You should also look for storage spaces to keep your important things which you use once in awhile but are essential in your household work.

You should carefully review your budget, your spending and income to identify areas you can save money. You also have to monitor your peripheral expenses. You will also have to pay to the broker if incase you are using the services of brokers. There are also certain legal formalities including property and registration taxes. You should be in condition to take care of them as and when they arise.

Author Bio:-The name Sushil Ansal does not need any introduction in the field of Real estate. Sushil Ansal is an iconic figure of his field and has changed the face of Real Estate in India.The Chairman of Ansal Properties & Infrastructure LTD (Ansal API) is the driving force in establishing the brand Ansal API.Mr.Sushil Ansal has had an illustrious career spanning over 50 years.

5 Steps to Take Care Of Prior To Buying Real Estate for the First Time

Most people are excited when they buy real estate for the first time. It is a dream of many to own a house and when the time finally comes for the big day, they really become anxious. But, there are a few things to take care of before buying real estate for the first time.

1. Your credit and FICO score is important and it is the first thing a lender will look at. The FICO score should be between 400 and 850 with 850 being the higher end. The FICO score should be as high as possible. Try to attain a credit report and to find out your FICO score.
2. The next thing to know in buying real estate after knowing your credit score is your finances. It may be that the down payment in purchasing a home can be huge and you should know that there are many different loan/mortgages that have low down payment options. You should not buy a house which will be difficult for you to afford.
3. You may want the mortgage broker or banker to pre approves you when you meet him. Pre approval is an underwriting of your file and it will let you know how much you can spend in buying your house. In order to underwrite your file, you may have to produce your income certificate, credit and many other things.
4. It may be difficult for many people to pay for the entire home upfront and to afford the down payment. Have a look at the down payment assistance programs when you meet with your mortgage broker or banker. By this you will be able to know what programs are available and if you are eligible for them.
5. Look for first time home buyer classes when you buy real estate for the first time. Most often, many lenders and realtors offer education classes for home buyers. By these classes, you will know about applying for a loan, working with a realtor, making an offer, bargaining and closing. The overall process will become smoother for you as you know more about it.

Buying your first home is a big step and it can become overwhelming. If you are unprepared, there are classes and programs that can help you in easing the process. In buying real estate for the first time, keep in mind these five steps and you will find the entire process less daunting.

Author Bio:-The name Sushil Ansal does not need any introduction in the field of Real estate.Sushil Ansal is an iconic figure of his field and has changed the face of Real Estate in India.The Chairman of Ansal Properties & Infrastructure LTD (Ansal API) is the driving force in establishing the brand Ansal API.Mr.Sushil Ansal has had an illustrious career spanning over 50 years.

Real Estate Taxes Vs Personal Property Taxes

If it is used in the general context there is as such no difference between both the terms. But broadly speaking there are two types of properties. .One is real and another one is personal. Real property is the right to land and right to make improvements in the land. On the other hand personal property is all the property apart from real property; which is not permanently attached and is thus movable.

Real estate taxes:
Real estate taxes are taxes that are imposed on real estate by a government for services rendered. The taxes are basically based on the relative value and worth of the property. The more expensive the property is, the higher the real estate taxes will be for that particular property. They are assessed mostly on most privately owned properties. Some communities do not impose or levy taxes on real estate property. In order to help those people who have limited income but valuable property, some jurisdictions have imposed rules to help protect some real estate taxes. There are sometimes special considerations that help to bring down the amount paid in real estate taxes, especially if it is a primary residence for homeowners.. The homeowner may be receiving a homestead exemption. In some states, residential properties occupied by the owner may be valued at a lower rate than other types of properties, such as commercial and industrial.

Personal Property tax:
It is a tax levied on an owner and every owner is liable to pay this tax. It is imposed by the Government. Governing authority where the area is located may levy such tax on the owner. It may be levied by the multiple jurisdictions as well such as federal state or municipality. The property tax rateis often given as a percentage. To make calculations for the property tax the authority multiply the assessed value of the property by the mill .An annual registration tax is imposed by every state on the owner. States are imposing taxes on vehicles owned by you through a bureau called as state’s motor vehicle bureau. In addition to it some states impose a personal property tax on other possessions, particularly if the items are being used for any business purpose. In short every property being used by owner fr generating revenues are imposed taxes on. Some of the property is also exempted by the government only.

Author Bio:-The name Sushil Ansal does not need any introduction in the field of Real estate.Sushil Ansal is an iconic figure of his field and has changed the face of Real Estate in India.The Chairman of Ansal Properties & Infrastructure LTD (Ansal API) is the driving force in establishing the brand Ansal API.Mr.Sushil Ansal has had an illustrious career spanning over 50 years.

Challenges of Real Estate:

Real estate is one of the fastest growing sectors in the country and new real estate companies are being formed every day. The number of real estate companies makes it difficult for them to survive and flourish. Many doubts are raised as to how these companies will survive and deliver on the promises they make to customers. Choosing appropriate mix of technological solutions and knowing how to dominate the local market place are some of the challenges that real estate companies face. Many real estate companies waste time by what they believe to be the latest and greatest hi- tech solutions without understanding the return on investment. Real estate companies have many responsibilities to fulfill for their buyers and sellers. These companies should have a grasp of the market and especially should know the neighborhoods where their clients have properties. The company should also know how to help its clients in getting finance and also know the laws of taxes and local zoning. The real estate company should have a wide network of contacts that can help the clients in fulfilling their real estate requirements. Real estate companies should keep in touch with the latest developments in the real estate market and begin the day by studying the previous day’s market activity. The developments in the business such as new real estate listings, price ranges and the items that have been sold should be kept track of.

 A real estate agent does the paperwork, explains provisions of a contract to a client, reviews documents and coordinates inspections of a property. He has to work closely with the buyers and sellers and has to understand the needs of the clients. He has to find suitable properties and has to gather information so as to better assist the buyers in making decisions. In order to better themselves in their marketing tasks and also to negotiate for better rates for their clients, the real estate agent should update himself with the latest developments in the real estate industry. A good real estate agent should be able to make his client understand each process of the real estate transaction as persons buying or selling properties are concerned with the complexities of the real estate transaction and also about the money involved. Both the real estate company and the real estate agent should constantly try to update their skills and knowledge of the real estate industry. They should also update themselves on the latest trends and issues affecting their trade.

Being in the real estate business is not an easy task, but the trade offers many opportunities for growth.Hard work and a commitment to learning are required to excel in this trade.

Author Bio:-The name Sushil Ansal does not need any introduction in the field of Real estate. Sushil Ansal is an iconic figure of his field and has changed the face of Real Estate in India.The Chairman of Ansal Properties & Infrastructure LTD (Ansal API) is the driving force in establishing the brand Ansal API.Mr.Sushil Ansal has had an illustrious career spanning over 50 years.

Successful Property Developer:

If you are not familiar with the building trade and the various construction processes, it would be wise to employ the services of a builder to oversee your new purchase; otherwise your profit margin may be low. Being a developer has its plus points in the sense that there are no customers to deal with, no deadlines and no bargaining over prices. In order to make a profit, the important points are that there should be a plan and things should be done correctly. Which fixtures and fittings to use, where from the labor will come and how much will be its cost, what is the rate of bank loan, what will be the acceptable property purchase price and what will be the turnaround time for the entire project are some of these points that should be kept in mind. It is also important to work out the budget and stick to it.Questions like What is the worth of the property? After it is done up, how much will it be worth? How much will it cost to do up? At what cost can I sell it for? - should be well thought of before. It will be also helpful to know an local estate agent who will be familiar with the properties in your area. You should know what type of property will be in demand in your area as it will be not worth to create a property that nobody wants.

Ansal Housing Apartments Flats: Gurgaon

Since its inception, Ansal Housing has worked tirelessly and is now a leading real estate builder in India and abroad. Constructing stronger buildings and ultimately a stronger nation has been the forte of Ansal Housing and its upcoming residential project is at Sector 86, Gurgaon. Ansal Housing Residential Project Gurgaon is spread over a wide area and is a heaven for home seekers in the sense that it provides first class amenities, absolute lavishness and best level of security. It is located 700 meters from Delhi and Gurgaon Expressway, is nearby to the proposed Metro Station and ISBT and has excellent connectivity to Indira Gandhi International Airport and New Delhi. The main characteristics of Ansal Housing Luxury Apartments are its open lush green spaces, proper ventilation for every residence, finest architectural design and timely delivery. In addition to these, Ansal residential apartments are built following the universal building practices like those found in high class housing complexes the world over. Ansal Housing Apartments are attractive and have sophistication and practical functionality .Consideration is given to adequate space and the features are well developed. These key differentiators have made Ansal Housing the most reputed name in the country with a large number of customers. In Ansal Housing Gurgaon, there are luxurious 2 BHK, 3 BHK + 2T, 3 BKH + SQ residential Apartments in the sizes from 1325 sq. ft to 1860 sq. ft. School, colleges, shopping malls, cinema halls, gymnasium, clubs and restaurants are in close proximity. It has good supply of electricity, water and adequate parking space. The classiness and distinction of Ansal Housing is aptly displayed at this Ansal Housing upcoming residential project at Sector 86, Gurgaon.

The main features of this housing apartment include:

• 4BR SQ Flat available.
• 4 flat per floor (with lift).
• Customer friendly installment payment plan.
• High rise apartments: ground to 14th floor.
• Ample green area.
• Club House with all amenities.
• Gated complex with complete security.
• 24x7 power back-up.

And the key distances are:

• Walking distance from proposed commercial belt, shopping malls.
• 35 min. from South Delhi.
• 15 minutes from IFFCCO chowk.
• 25 minutes from airport.
• 45 min. from C.P.
• Direct Access From Pataudi Road and NH-8

More about the residential projects in Sector 86 can be known by dialing +91 9811 999 666 or +91 11 4950 0000. Over the years, Ansal has been meeting the real estate needs of the people in the best way possible and its future plans includes to serve in the best possible manner.

Author Bio:-The name Sushil Ansal does not need any introduction in the field of Real estate. Sushil Ansal is an iconic figure of his field and has changed the face of Real Estate in India. The Chairman of Ansal Properties & Infrastructure LTD (Ansal API) is the driving force in establishing the brand Ansal API. Mr.Sushil Ansal has had an illustrious career spanning over 50 years.

Ansal Megapolis Plots

In today’s stressful times, one looks for a place where one can have a peaceful stay and unwind from the stress. Keeping this in view Ansal API’s latest venture, Ansal Megapolis is an ambitious project in Greater Noida that has all the facilities that one needs. It has plots varying from sizes 86 sq yards to 129 sq yards and other world class amenities required for a luxurious and comfortable life. Ansal API is one of the leading real estate companies in India. Sushil Ansal is the Chairman of the company.

Ansal Megapolis Plots, a green hi-tech city is strategically located at Pocket Waters Edge adjacent to Greater Noida. It is within the National Capital region (NCR) and is well connected with the other important regions and to Delhi through expressways and highways. It has easy access from NH-91, East West Peripheral Expressway, upcoming Taj Expressway and Ganga Expressway. It is also close to India’s first formula one race track and North India's biggest railway terminal at Bodaki. Easy accessibility from the important points is of utmost importance in today’s busy life. The various educational institutes like Educomp’s Millennium School and healthcare centers are only a few minutes away. Ansal Megapolis’s 18 hole international championship standard golf course, designed by world champion golfer Nick Faldo from UK is the first of its kind in the country. Have the views from this golf course or try your hand in golf. Mahesh Bhupati's tennis academy and the multi care specialty hospital are also in close proximity for your convenient living. You can have some exercise with tennis or allow your kids to learn tennis at this tennis academy. There is an international equestrian club, polo ground and play school for children. Local shops and supermarkets are only a few minutes away. It has open space for parking and high class drainage facility. The various other facilities at Ansal Megapolis ensure your relaxed stay and it is a place where you can live with your passions.

It feels fine to live besides water. Five big natural lakes surround Ansal Megapolis providing the much needed calm and serene atmosphere. Apart from the natural lakes, the town ship also has musical fountains, artificial waterfalls and springs. All these water bodies make one feel like dwelling in the midst of nature. Live here to enjoy nature, modern architecture and unlimited opulence.

Location advantages:

Bodaki railway station: 01 km

Pari Chowk: 06 km

Eastern peripheral expressway: 00 km

Greater Noida: 00 km

International Airport: 25 km  

Author Bio :-The name Sushil Ansal does not need any introduction in the field of Real estate. Sushil Ansal is an iconic figure of his field and has changed the face of Real Estate in India. The Chairman of Ansal Properties & Infrastructure LTD (Ansal API) is the driving force in establishing the brand Ansal API. Mr.Sushil Ansal has had an illustrious career spanning over 50 years.