Home Buying

Home Buying

Best Locations In Delhi To Buy Residential Properties

Author: By: Zamanzar |

Delhi has always been a lucrative real estate destination for real estate developers, investors and professionals. Not only, as a real estate market by many investors and developers, but the place is also in demand by buyers. It witnesses people coming from different parts of the country and getting settled here. Even the recent economic slowdown has not been able to stop people from buying a house even at sky-rocketing prices in the most posh localities of the city.

Overcoming the realty market slowdown, the residential market seems to be swiftly rising up. The segment has got lots in store to offer the buyers, from New Projects to corrected rental values. Areas like Golf Link,Vasant Vihar, Chanakyapuri, Anand Niketan, Shanti Niketan, Niti Bagh are just to name a few that can boast of numerous latest projects by developers like Unitech, Omaxe, DLF, Parsvnath Developers etc.

Due to a higher standard of living and higher economy rate of people in Delhi, the property rates have increased exponentially.

The central Delhi has always been a hub of real estate activities in the city. South Delhi comes the close second. Though west, north and eastern zones of the city have so far been bustling with real estate activities but it's the central Delhi which has remained the hot cake of the Delhi property market.
A few of the most sought after residential localities and their average prices per Sqft:

Key Research When Buying Property

Author: Debbie Morgan |

So you've seen a property you're interested in. Then you need to visit the road where you are buying and surrounding areas on a number of occasions. Get a feel of what the area is like during rush hour, evenings and during the day. Is a spot where youngsters hang out on a weekend evening? Walk around the roads on a number of nights and you might notice likely noise disturbances.

If you are buying a property that needs renovating make sure you get a number of quotes for the full works. If you are buying and renovating to make money you need to get the figures right at the beginning to make sure you are being realistic. You can ask a RIC surveyor for a report on the property that can include the costs - you don't want to end up with a property being sold at a loss.

If you are planning to rent out the property check with an established sole letting agent, rather than a letting agent/estate agent. The estate agent will want you to buy the property to gain their commission and so could withhold the truth. A sole letting agent has no other agenda other than to get a letting property which will make them money and so they are far more likely to give you the true picture.

What To Look For In A Beachfront Home

Author: Hubert Miles |

If you've ever been to the beach you've seen a beachfront home. Some are large luxury homes while others are more modest. And if you are like me, you've probably wished to own one some day. Beachfront homes provide lots of summer fun and even some good investment and rental opportunities. But owning a beachfront home is not always a walk in the park.

With the destruction in recent years caused by hurricanes in Texas and Louisiana, many insurance companies are no longer writing policies for beachfront homes. Now, there are still companies writing these policies, but it is getting hard to find affordable coverage. It would be wise to speak to some local real estate brokers about statistics for storms in the area you are looking to purchase in. This information will deem beneficial before getting to the closing table.

Erosion is another issue that threatens beachfront homes. Erosion occurs when water washes away the soil from around the foundation. When the soil is eroded away from the foundation, the footers and piers become weakened thus resulting in settlement problems with the home. Large sand dunes act as a wall of protection from high tides and storm surges.

When you begin your search for a beachfront home, there are a few things you can look for that will help you keep your insurance cost down. A home with a hip configured roof and either impact glass windows or hurricane shutters will generally yield a 10-15% discount in premium. You will likely have to have an inspection of the property to document the roof and windows or shutters to the insurance company. The insurance company will likely request a copy of the documentation for wind rating of the impact glass windows.