Moving into a new house? Take a moment…

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Moving into a new house could be a whirlwind of excitement and nerves! A decision that brings you extreme happiness, but also adds a tinge of confusion. Are you completely ready? Have you got all the essentials together? Is your transport and settling plan in place? These are few pointers that you need to consider before moving into your new house. Here’s a walkthrough on all the essentials your checklist needs to have: –

  • Consider moving in as a good reason to weed out all the things that you haven’t used for years, which is languishing somewhere inside your house. Getting trapped in the mindset of ‘could be a future use’, could cost your precious time and money, and may also impact the freshness and vibe of your new house.

 

  • Prioritize your packing, starting with the things that you seldom use and label them accordingly. This could help you save precious unpacking time and get you going before you’re finished with unloading and settling down.

 

  • If you’re going to use a moving company, get your estimates as soon as you can. The slots could fill up quickly, considering how everyone is clamoring for the same spot either at the beginning or at the end of the month.

 

  • Start saving up on newspapers, let the hoarder in you come alive! These could be used for packaging. Also, be sure to procure small boxes against big ones, this helps to avoid heavy lifting.

 

  • Don’t buy perishables if your moving date is near. Packing a fridge full of food could leave you in the danger zone. Be sure to empty out your fridge before transporting it to your new house.

 

  • Plan an email blast to all your friends, relatives and colleagues, be sure to intimate your bank and post office about the change of address.

 

  • Moving into a new house could be quite stressful for your kids, moving away from friends and the locality could leave an impact on them. Take a stage by stage approach in informing them about the relocation. This could help them get prepared mentally and keep them reassured.

Once you have this checklist implemented, you are good to go

Check out the latest offering from Durga properties: Durga Petals.

Home Buying: The basics of owning your own home

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Buying a house is a dream come true for many. A process that involves a lot of thought, anxiety, and careful decision making. There needs to be an understanding of the market primarily, current mortgage situation, affordability, accessibility to the property location and then you narrow down on the right house that would suit your family’s needs. Easier said than done, the course of action that goes behind buying a new house can be exhausting and cumbersome.

There is no definitive age when it comes to buying a new house. You could be newlywed, about to be a parent, or a senior citizen who had worked relentlessly to get a space of your own comfort and zen. Aimed at easing this decision making, the article throws light on some of the challenges and the factors that need to be looked upon for the above-mentioned social segments.

Marriage, a beautiful culmination of two souls. Moving into a new house for a newlywed is indeed a brainwork for the couples, starting from managing a house of their own to selecting a location closer to the near and dear ones. These decisions are however made much further into the purchase plans, here are few primary factors you should consider: –

Are you ready financially?

This is typically focused on figuring out the bare minimum credentials that a mortgage broker would require before approving the loan. To successfully meet your financial goals, it’s necessary you have a credit score of 750 or higher, have at least five to ten percentage of your purchase price as your down payment and an emergency fund for three to six months for household expenses.

Are you sure about the location?

Selecting the right location is of utmost importance. Make sure the daily commute is comfortable and not tiring. Is the area upcoming? Are there a lot of young couples around? Given that your house is going to be your home for quite a while, would it be the appropriate locality to raise your children? Also, the amenities should be such that it should help you enjoy and discover your marriage life, rather than worrying about maintenance and responsibility of mowing.

Parenting, a decision induced with various psychological factors and emotions. A responsibility that calls for a lot of nurturing, care, emotional and physical support. Knowing the present and future requirements of the family is a crucial factor that governs your decision-making process. Here are few other steps that you should also focus on:

Optimum Space

Before you finalize on your home, make sure the space is adequate for your children to play and grow. It’s also imperative that the house has a lot of open floors so that you can modify it per your evolving family needs. It’s of utmost importance to know if your house is ensconced in an educational hub.

Nice Neighbours and Appropriate Safety

It is important to have a good neighborhood and families with potential friends for your children. This gives them an opportunity to interact and learn. In addition, it’s imperative to make sure that there are no sharp corners, open stairways, and banisters with wide gaps in the house. This ensures the safety of the children.

As a retiree, you’re looking for a home surrounded by tranquility and serenity, looking forward to spend more quality time with your family. The driving factors in deciding the right house should act as a guarantee to your years of savings and a security factor to health. Here are few factors for senior citizens to consider:

Centre of Everything

Be sure of the location, amenities, ambiance and the overall living style of the community. Your house should be with-in minutes’ reach from hospitals and other emergency services.

Evolving needs

With every passing year, the requirements of the body are continuously changing. At sixty, your body is probably in a state to use a staircase but it wouldn’t be the same when you’re seventy. Ensure your house is subject to the modification that co-operates with the changing needs of your body. Also, an advanced calculation of the expenses and the working capital that would be required to meet the requirements of the daily household.

For more information on investing in Bangalore’s booming Outer Ring Road, visit us at our Experience Centre in Doddenakundi or click on www.durgapetals.in

A Winning Budget for the Real Estate Sector

 

Budget GrowthThe Union Budget proposed by finance minister, Mr. Arun Jaitley has provided a warmth amid the cold winter, especially for the real estate developers across the country. The budget provides infrastructure status to the real estate sector which assures that the property market will receive government incentives, tax benefits and subsidies. What more, Developers can also get bank loans at minimal rates – a massive boost to the real estate as an industry sector.

Getamber Anand, National President, CREDAI says, “Affordable housing getting infrastructure status will enable efficient supply of housing stock in the country and provide benefits associated with it.” Mr. Anand’s statement strikingly evidences the following policy benefits,

The Industry status also means that both the owner of the land and the developer can remain worry free on any risks related to lands, and ensure transparency. The Joint Development project would encourage interested land owners to offer their lands to the developers, a sign of a potential growth in the real estate sector.

Land transactions given a boost – According to JDA (Joint Development Agreement), the new tax reforms would result in making a significant impact leading to increase in the allocation of land to the property landscape. This is also highly indicative of resulting in easing and greatly improving the land transactions.

A welcoming change for the developers is that the buying window for affordable housing has been changed from built-up area to a carpet area. In metro’s, the applicable calculated limit stands at 60 sq.mtr in metros and border areas of the four metropolitan cities, whereas in the rural parts the limit applicable is 30sq.mtrs. A great news for the developers is that tax on notional profits are deferred. Tax is incurred only after one full year and upon the completion of a project with a completion certificate.

In a measure to provide tax relief to developers, the holding period has been reduced from 3 years to 2years. This move helps investors in the property market who have stocked more inventory to be relieved from tax on capital gains from 3 years to 2 years.

Check out the latest offering from Durga properties: Durga Petals.