Diversification and variety are crucial in life, be it in our personal sphere or our investments. Keeping all your arsenal under one shelter can have disastrous results at times, which makes it even more important to have multiple investment options. Real estate is a popular option among a number of people today, thanks primarily due to the safety and high returns on offer, but it is often seen that investors make blunders while investing, blunders which can have a harsh impact on their income in the future.
If you do not want to commit any major mistake while investing your hard earned penny, flats in Thrissur by Varma Homes are one of the perfect examples for the same. If you're just getting started in real estate investing, don't expect to become an expert overnight. You can indeed make money buying and selling properties, but it takes knowledge, determination, and skill. It also helps to know some of the classic mistakes that others make when they start investing in property, to help you avoid making them as well.
You should have a plan before you invest your hard-earned money in any venture. It's imperative when it comes to real estate. You should first identify where you want to invest your money. Residential homes are good options for beginners. On top of that, they also make for an easy sale later on.
Another simple yet crucial step in real estate investment is to do your research. It might be tempting just to buy a property you like and hope for the best, but that's not how this industry works. You need to understand first what you're getting into, where you're investing your money, the potential returns (if any), and other related aspects.
Location is a major factor when it comes to investing in a real estate property. One of the most major mistakes to avoid while investing in real estate property is not taking the location into serious consideration.
Most people compromise on the location of a place if it costs less. This is one of the major mistakes to avoid while investing in real estate property. You might as well choose a good real estate property with the best facilities and resale value than pick a real estate property that is cheaper with numerous loopholes.
This is one of the most important things to keep in mind when planning to invest in real estate. Real estate brands and builders are the backbone of good real estate property and help in investing in one. So, when you seek a real estate brand for getting a property, it is essential to know that they are well known and have a good reputation and brand name in the market.
Make sure that you keep in mind that not taking notice of the real estate brands you seek out is one of the important mistakes to avoid while investing in real estate.
5. Lacking Proper Paperwork
The next common mistake to avoid while investing in real estate is nothing but not having structured paperwork. Paperwork needs to be on point to have a smooth registration process and handover of the property. Investing in good and strong paperwork is the best way to make the right decision.
6. Blindly Trusting Others
A number of people who purchase property are first timers, who often rely on the word of others when they invest. Blindly trusting a third party while investing can be extremely stupid, for people are bound to do things in their best interest. Blind faith can lead to you spending more than what is necessary or purchasing real estate which doesn't suit your requirements. One should consult experts in order to get a clear picture and rely on the word of those who have a proven record of offering good deals.
Committing mistakes is part of human nature, and while we cannot completely wipe out mistakes, we can learn from them. Remembering a few simple points can ensure that your real estate investment doesn't become one of the biggest mistakes of your life.
The reality is that if investing in real estate was easy, everybody would do it. Fortunately, many of the struggles endured by investors can be avoided with due diligence and proper planning before a contract is signed.
If you want to avoid making mistakes and want to invest in a real estate property that you think would provide you with the best results in terms of the property of value and return on investments, then you should check out the luxurious Flats in Trivandrum by Varma Homes and get your investments sorted.
The terms "new-launch" and "pre-launch" in the real estate industry refer to the start of a residential project's pre-construction phase. A housing project's pre-launch stage starts when the builder makes an announcement about their new project & begins selling them. This is the best time to purchase a home since it provides a strong return on investment. The main benefit of choosing a newly launched property is its cost-effectiveness. As you know the pre-launch rate of each residential apartment is generally low-priced to attract more buyers, read on to find other major benefits of new launch projects so that you can make a sensible investment decision.Enjoy the Best Deals with an Early Bird DiscountTo entice homebuyers & investors, most of the builders provide enticing discounts on pre-launched or newly-launched properties during the early phase of the project. The prices of new launch apartment projects are substantially lower when compared to projects that are under ongoing construction or ready-to-occupy projects. So, homebuyers can grab the opportunity to book a home for the lowest possible price. The buyer is also fully secure when purchasing new launch projects from reputed builders following the implementation of RERA. Thus, if you're seeking for a low-cost apartment, a new-launch project is the way to go.Price ReductionsPre-launch property rates are fair & significantly cheaper than post-launch rates, which is one of the key advantages of investing in one. After the pre-launch period, the price increases due to a variety of variables, such as rising property demand, new development of infrastructure in the region, rising raw material costs, labor costs, revised legislation, and so on. Hence, it makes sense to block the project before the prices rise. Customization & Add-On FeaturesWhen it comes to picking a dream property, most purchasers consider garden-facing, sun-facing, easy accessibility (like near the lift or the lobby), & the view from the balcony, and so on. Buyers may get more chances to select the best home in its new launch project at a reasonable cost without sacrificing requirements. They might also request structural changes or specific interior finishes from the builder during its pre-launch period. So, early customizations or design changes in this phase do not need rebuilding, saving both the customer & the developer money & also allowing them to stay on budget. Therefore, one will get a good chance of getting their house customized exactly the way they want it if they choose a pre-launch project.A Profitable Investment WindowPurchasing a pre-launch property provides you with the unrivalled benefit of being able to book the home before the rates skyrocket. Investors are hurrying to get their hands on properties as the pace of urbanization picks up. As a result, investing in property during its 'new launch' phase secures your investment before the price rises, giving you an unfair edge. Buying a new launch property is thus a smart investment, not because you'll get a good deal on low prices. However, after the neighborhood has developed, you'll be able to resell the property for a higher price. Thus, buying a property during the launch phase might benefit homeowners in terms of both end-use and resale objectives.So, these are the few advantages of property investing when it is in the early stages of construction. If you're a buyer or an investor looking to make a real estate investment, it's best to go with a new launch property due to the slew of above-mentioned benefits. However, you need to have a look into certain key aspects before buying one. They are:· Invest only in a property from a RERA-registered project.· Make sure you get a top-notch apartment from a reputable real estate firm. This will keep you from having to deal with any unneeded legal or financial concerns.· Consider the project's location, as real estate prices in locations where infrastructure construction is underway are likely to soar. This means that the investors will gain more money when they sell the property in a few years.· Before you pay the money, look over the legal documentation & the RERA registration number that the government has previously ordered. Now that you're aware of the top perks of having a newly launched house, you may begin strolling through the broad range of residential projects offered by Varma Homes. We're a renowned real estate builder in Kerala that offers affordable housing projects as well as luxury apartments in various prime locations in Kerala, such as Kochi, Trupunithura, Thrissur, Trivandrum, & Kozhikode. With our years of expertise in the industry, we’ve become the most preferred brand for quality, reliability, & innovative apartment choices that deliver on time without compromising quality. Contact us to learn more about our options & to locate your dream house.Read More
Home is the place where we get more comforts and security. So when one considers adding resources into the house, there may come various parameters as the top priority list and most vital part of is security. However, searching for your dream home comes with various considerations. One of the most important consideration is security since you’ll likely be aiming to stay in the property with proper security features, which will keep you and your family happy for the long term. LocationLocation is the essential factor to be considered while purchasing the apartment. When you plan to invest in a specific area you should make visits and have a complete idea of the locality. It should have a safe and secure neighbourhood. The money and social related environment play a vital role while focussing on the buying of the property. Apart from these, it is essential that one completes thorough background verification and comprehend the area before moving in. Now natural disasters are so common so select the location that is a bit safe from all-natural calamities. Hence,always look at the high-performance apartment building and its locality that is safe from all such natural calamities. Also look for the other basic amenities in the location that you want, such as health, education, transport, shopping, walkability, grocery stores, public transit access, recreation and supply. Ultimately you need to think about what location means to you and what access your house will offer. So try to purchase in a zone that match with your lifestyle choices. The Security GuardsOnce you are satisfied with the location, you have to keep an eye on the security guards of the apartment during each visit. So the verification of the workmanship of security guards is profoundly suggested when it comes up on the point about security features of the apartment. Also, doing an intensive personal examination with the police aids in satisfying the safety efforts. Installing a Security SystemBefore you move into your dream apartment, you have to install the proper security system. Securing windows and entryways is equally important for your safest and comfortable stay. Now in the market there avail numerous wireless high-security systems & alert security system. So prepare your budget into a multi-layer security system while buying an apartment or flat. Fire ProtectionBefore you move out to your new apartment make sure you have a functioning and up-to-date fire extinguisher. You must check the fire alarm and inquire if a false test is done periodically. Furthermore, it is essential to confirm that keys to all locked doors are easily accessible if one needs to escape during the crisis. Verify the DeedsThe property with the right documents and deeds make you have the legal confidence of the property, comprising the banks to contract credits. If you plan to buy an apartment, verify the total cost for monthly maintenance of the apartment. Also check the apartment amenities like quality windows, doors, security systems, fire alarm, security guards etc. which helps you to have a secure and comfy life. Otherwise, in the end, you could pay a higher cost for not taking these pointers into account while purchasing it. So before you purchase your dream apartment make sure about these security features. When you give priority to security with space, you and your family can live safely. If you are looking for apartments that satisfying these requirements, you can check Varma Homes projects here. We have apartments and flats in Kochi, Trivandrum and Thrissur, where we mainly focussed safety as precedence. We offer CCTV surveillance to the entire premises of our projects along with firm security guards. Feeling safe in your own home is essential to any resident, which is why you need to take the right steps to pick a safe apartment. Here we can present you perfect apartments with advanced security features and we can assure that you will get the peace of mind. We offer the installations of latest safety features in our apartments like emergency alarms, exits, earthquake-resistant materials, fire hoses, extinguishers, basement flood pumps, security guards, CCTV surveillance which enable a tenant to get bigger protection. We also promise that you don’t get jammed in making legal documents, deeds and mandatory clearances, as we will do this without any scope of mistakes. Our main focus is on customer satisfaction so we do not end the relationship between customers by just selling a home but we provide an endless commitment to them. You don’t have to worry about transparency and security, you can fully Trust Varma Homes. Come & visit our projects spots to witness the security for yourself to believe. We trust in making experiences that worth your money.Read More
Buying an apartment can be an overwhelming endeavor, and there are so many facets to consider. With countless laws governing the real estate market, it may seem impossible to know exactly what you’re signing up for when buying a property. It is therefore vital to have a basic idea of what the contract entails before signing it. There are various laws pertaining to the sale of real estate in Kerala which are meant to safeguard the interests of both buyers and sellers. To avoid possible problems, homebuyers must be informed of such laws and their rights under them. Here are some must-read rights of a property buyer in Kerala to help prevent any potential issues related to apartment buying.Ø Right to Get Information One of the key rights for buyers when buying a new apartment is the right to get complete information about the project they are investing in. So, the homebuyer can use this right to access all project information, legal sanctioned plans, building layout plans, RERA registration number & other specifications approved by the responsible authorities. After all, your home is one of the largest purchase decisions you will make, and by having access to all the information at your fingertips, you can be sure that your choice was the best one for you.Ø Right to Understand Construction Schedule The prospective buyer has the right to be informed of the project's step-by-step completion schedule, which includes provisions for electricity, water, sanitation, and other services and facilities stated in the sale agreement's terms and conditions.Ø Right for InspectionBefore you buy an apartment, you have the right to inspect it and make sure it's in good condition. If it is an under construction project, you also have the right to inspect the project's progress. This right of the buyer to inspect the property before making full payment is intended to help minimize disputes and claims of misrepresentation at a later stage.Ø Right to Claim a RefundAs per RERA rule, the homebuyer has the right to claim a refund when the builder fails to deliver possession of the apartment property according to the terms stated in the sale agreement. In such cases if any dispute arises between builder and homebuyer in terms of refund, RERA could help the homebuyer to get the refund amount. The National Consumers Defense and Research Center (NCDRC) has ruled that buyers are entitled to a refund if possession is delayed for more than a year after the builder's agreed time. As per NCDRC, if projects are not delivered within that specified time frame, the developer is required to repay the full amount plus 10% interest. Ø Right to Claim PossessionThe right to claim possession of an apartment could be considered one of the most important rights that a buyer has over the property. This right helps the buyer get his or her hands on the property once all of the necessary formalities have been completed, and the required payment has been made. So, as a homebuyer, you have the right to claim possession of the apartment, provided the builder has handed over all the essential documents, such as the completion certificate, rights to use common areas, if any, and building insurance, which is compulsory under the law.Ø Right to receive benefits in valueFollowing the transfer of ownership of the apartment from the builder to the buyer, the buyer is entitled to any increase in the property's value, as well as the rents and gains generated by the property. After the deal, the builder may have no claim to the benefits of the apartment property.Ø Right to File a Complaint about the ModificationsAs per RERA rules, a buyer has the right to file a complaint if a builder makes any changes to the permitted plans, floor plans, fittings, and amenities without the consent of at least 2/3rds of the allottees, apart from the promoter, who have agreed to purchase an apartment in a building.Ø Right to Get the Title DeedThe seller's title to the property is transferred to the buyer when the deed is signed. The seller must officially confirm that the property is wholly free and clear of any legal encumbrances. The buyer owns the legal rights to the property once the title deed has been registered. Takeaway, You have been educating yourself about your rights as a homebuyer, drawing you one step closer to getting your perfect dream home. If you're looking for the most trustworthy and responsible builder in Kerala to own your dream apartment, Varma Homes is a wise choice. We bring you a broad range of apartments that match your desires & balance your lifestyle in your favoured locations in Kerala. Get ready & never hesitate to buy an upcoming or under-construction apartment with the most trustworthy real estate builder, like Varma Homes, as all our ongoing projects are registered under RERA. We have strictly followed traits such as on-time delivery, top-notch quality, and trust since the inception of our apartment projects, which has made VARMA HOMES the best of the rest!Read More
Now we can see a trend that a person’s most wealth portion is usually invested in the real estate market. This is because of its size and scale in the niche market, which gives more lucrative and attractive offers to investors. Hence, the real estate market is up surging day by day. Various factors affect to decide property costs. Read this article to get a fair idea about the factors that affect the real estate price. Demand and Supply As we know that demand and supply are the two economic forces that determine prices. That is, high demand with low supplies denotes high prices and the low demand with high supply denotes low prices. This means when the availability of properties decreases the costing of the current properties increases. Alongside a growth in the number of occupants possessing a specific area, the popularity of an area regarding individuals longing for living there, likewise drives its cost. Fiscal Growth A purchase is reliant upon the income of an Individual. When one has higher fiscal growth, rising salary, he has the choice to spend his income more on his houses; this will build demand and drive rates. The demand for a property buyer is reliant on flexible salary & hike in wages whereas the downturn denotes the falling livelihoods of a person who can’t able to buy and who loses their job may fall behind on their home loan instalments and end up with their home reclaimed. Customer Trust When it comes to making real estate investment, confidence in the real estate laws of the land is a significant factor. After the RERA implementation, the real estate laws supported the advantages of purchasers and made firm provisions against developers & agencies attempting to mislead the client in any manner. This improved the real estate properties sales across India. Infrastructural Development While searching for purchasing an apartment in Kochi, Trivandrum, Thrissur or anywhere else, a homebuyer must pay key attention to the infrastructure of that specific area. A region that has a rationally great infrastructure has seemingly greater chances of being picked by a buyer and the property price additionally shoots up. Accessibilities like accessible roads, proximity to hospitals, shopping complexes, schools, workplaces, metro rail underway, etc. all these factors considerably tend to help raise property prices. Customization The real estate worth gets higher in the case of builders undertaking customization of residential apartments based on the client’s prerequisites. For example, a few buyers may desire to have big the balcony attached to their bedrooms, or other distinct alterations. Home Loan Charges Present Home loan rates can likewise remarkably affect property costs. At the point when the interest rate for housing loans are high, it lessens the demands for a property since it makes borrowers hesitant to go through additional cash over the high-interest charge. Also, when there are lower interest rates for loans, then the demand of real estate increases. So, before finalising on the property purchase choices, every single buyer should examine these drivers to get a sensible evaluation of the apartment that interests them. As various factors influence the real estate price rise and all these must be paid attention to while setting funds in purchasing an apartment. Careful examination and research are essential for better returns, profitable investment and painless liquidity. You can also contact us; Varma Homes, one of the best builders in Kerala to know about our upcoming residential project prices. Being the most reliable builders in Kerala, we have various ongoing residential projects in the prime regions of Kochi, Thrissur and Trivandrum. We always focus on all our clients’ desires, needs and safety while investing in their dream home with Varma Homes. So, don’t mess with the rest, trust Varma Homes- Simply Unique, Simply Better & Living to Design Safer Homes!Read More
One of Kerala's most sought-after locations for real estate and construction is Kochi, which is growing swiftly. Kochi, a tier 2 city, is now one of India's most well-known IT centres and offers a lifestyle that is ultra-modern. Real estate is increasing not only in the residential sector but also in the commercial sector as the city grows and more modern hotels, office buildings, and shopping malls are added. Since Kochi is easily accessible by road, rail, boat, and air from everywhere on the planet, it is a wise choice if you're looking to buy apartments there. As a result, local businesses and infrastructure have grown.Buying a flat or apartment in Kochi, whether as an asset or an investment, is a significant choice that needs to be carefully thought through. One of the most crucial aspects we take into account when looking for a place is to check the location of the place which we call home. Everybody wants to purchase their ideal home, replete with all of the modern conveniences.Perks of buying a home in KochiBuying an apartment in Kochi offers several advantages. The most popular trend in the city is luxury flats and apartments, and the bulk of them are situated close to Cochin metro stations and significant cities in Ernakulum. When working people from different regions of the country move to Kochi, they encounter a variety of housing issues. You should examine the benefits and drawbacks before purchasing a home or apartment in Kochi.1. Opulent features: As demand for upscale dwellings rises, builders are providing premium homes and apartments in Kochi with upscale amenities. Depending on your demands and budget, you have complete freedom in the facilities you select. Accessibility to your workplace and key roads should be taken into account since it affects your daily commute. Locations of stores and ease of access to transportation should also be taken into account. 2. Education and Employment: The facilities for learning and working should be considered when buying apartments in Kochi. Some of the most famous educational institutions in the nation are located in Kochi. Numerous foreign schools and institutions offer top-notch education in the city. Today, Kochi is a growing IT hub, with Infopark and Smart City offering a wide range of professional opportunities. Professionals and the general public can therefore find a variety of employment and business options in Kochi. 3. The perspectives on investments: When your goals are clear, choosing becomes quicker and more effective. If you've never invested before, you might want to start small. Kochi is a great spot to do so. Buyers now have the opportunity to take a chance on the real estate market because it is no longer a seller's monopoly. You can count on reasonable prices. 4. Affordable price: Kochi is a desirable location if you're looking to settle down with your family and purchase an apartment because there are many high-quality flats and apartment buildings there that can accommodate a range of budgets and come with the amenities you want. 5. Exchange of culture: Kochi is a cultural mashup, as was already mentioned. The majority of Kochi's upscale flats come standard with sizable community halls and clubs. This makes it possible for you to coexist peacefully with your neighbours and gives you a sense of security. Design is a skill that only a select few are gifted with. It requires great courage, drive, and enthusiasm. With our brand-new apartment projects across Kerala, Varma Homes is enroute to introducing an opulent lifestyle as part of its objective to "Constructing Happiness."We have always been committed to building happiness for our clients who believe in making a secure investment in happy homes for future generations. Over the years, we have maintained our exceptional quality and high standards, which includes only working with partners and vendors who share our commitment to excellence. We, at Varma Homes, work to satisfy all stakeholders, including clients, investors, and employees.Read More