Showing posts with label build your own home. Show all posts
Showing posts with label build your own home. Show all posts

Monday 15 December 2014

10 Real Estate Tips for New Landlords

Generally, some of the real estate investors are also the landlords and property managers. Some investors feel that this is one of the best ways to know what real estate investing is all about. At the initial state you are excited but later the headache of managing all the things starts giving you pain. But there is no need to take tension as there are some important and useful tips for all new landlords to manage their things in the proficient manner.

Cosmic India

  1. Be patient with your tenants: Some tenants are just great and gives no tension and on the other hand some tenants are impossible to deal with. Constant nagging with the tenants can irritate you. So, ensure that you will have all the important things cleared with your tenants to avoid any misunderstanding in the future. 
  2. Property management: It is important for you to manage your property and its surrounding area. So, make all the rules and regulations in advance only. Also, ensure that all your tenants are following these rules. Believe us; this will give you a great relief.
  3. Don’t be a bad landlord: Don’t be a bad or rude landlord. You should always use good words and language with your tenants. This will help you to connect with them easily and your tenants will also treat you as your family. So, avoid using bad and rude words with them.
  4. Land lording as a business: It is important that you should treat land lording as a business. In fact, all the things should be done in legal ways. All the legal procedures should be followed.
  5. Try to get a good state-specific lease and make sure that your lease is clear regarding all expectations that you should have for your residents' responsibilities.
  6. Just have believed in you and do not trust with anything that is on the rental application. Before finalizing anything, it is important for you to verify all the paper and documents.  
  7. Properly screen the applications of your applicants. It is important to check all the documents provided by them. Also, ensure that they do not have any criminal record. Today, police verification is very important. So, you should register all your paper and documents with the police.
  8. If you have a new building or apartment, then it is important for you to advertise about it in the market. Just make some posters and stick them on the walls or you can also give an advertisement in the newspaper.
  9. Do not give up in any difficulty and problem. Try to sort the problem and find solutions for all your problems.
  10. Last, but not the least maintains good relationships with other landlords and property agents so that you can get any help from them. 

Thursday 26 September 2013

Building or Buying a New Home

If you are thinking of buying or building a complete new home, you are in luck as a result of this article was written for you! In fact, many of my clients have determined the market has become pretty much picked over and therefore the majority of what is left is either over-priced or junk. Recently I have been fielding plenty of questions on buying brand new construction or building a new home, so I've set to help you by outlining the method.
Cosmicindia.in
STEP 1: Get pre-approved for your construction loan or to get the freshly engineered home once it's created by the builder. This is especially important new construction! If you are buying a lot and building a home, the construction loan underwriting process is much tougher than if you are buying an already built new home. This usually needs a lot of deposit, higher credit and lower debt to financial gain ratios. I've had many clients qualify to buy an existing home but do not qualify for a construction loan.
STEP 2: Locate a community and lot to make your dream home on. Once your mortgage (construction or take out financing) is approved then you recognize what quantity you are comfortable and capable borrowing and can choose a lot.
STEP 3: Build your home! This is a general timeline and guide to the key steps that occur during the course of construction.
Building Process:
Customize house plan w/ builder
Color Orientation- Coordinator & suppliers w/ options pricing (1-2 weeks)
Pre Construction Meeting (3-4 weeks)
Color Selection Meeting- Finalize decisions (6-7 Weeks)
Start Dig (7-8 weeks)
Electrical/ Flat-work Meeting- Discuss location of lights, plugs, options & concrete (11-12 weeks)
Walk through Meeting- Confirm upgrades are in place, create punch list of missing items (18-20 weeks)
Cosmicindia.in
Closing & Completion of Home- Time will depend on size & scope of home (19-21 weeks)
STEP 4: Close on your home and move in If you have done a construction loan in your name then you already own the house and you only move in. If you've got chosen to the builder construct the house for you, then this can be after you get your put off loan and truly purchase the home. Our goal is to have your loan closed the same day the city issues the Certificate of Occupancy so you can move in immediately.

So that's it, you are now more educated than most people who have done this process several times over. Congratulations!

Related Posts :

agreement between buider and buyer

reasons to choose new home over resale

Tags : Reconstruction , Building or buying , Cosmic Projects, Cosmic Structures

Thursday 18 July 2013

Some Reasons to choose a New home over Resale

Many patrons these days are finding no shortage of resale homes to consider, but selecting a resale over a brand new home might not be the simplest possibility for all. The most important draw of resale homes is their comparatively low cost value, but it’s vital to recollect that you get what you pay for. Here are some reasons to choose a new home over resale. 
Cosmic Structures Limited

You can customize a new home
One of the most important advantages to purchasing a new home is that the buyer can customize the home to suit their specific desires. As an example, in building a new home, patrons can opt for wherever the bathrooms are going to be, what reasonably flooring is going to be in every space, and sometimes even the tone on that the home can sit. In buying a resale, homeowners are n’t afforded that luxury. Customizing resale homes could be a very tough and costly process.
  Energy efficiency
Cosmic Structures Limited
Whether or not you’re building your own home or buying for a new one that’s already been engineered, the likelihood is your home can have prime of the road energy-efficient appliances. Some of the best things regarding having energy economical appliances are the tax breaks you get at the end of the year and, of course, lower utility bills. Green systems and energy-efficient appliances will facilitate save owners thousands of rupees during the year. Older resale homes are usually not equipped with these new, green, energy-efficient machines, and so find yourself costing the buyer more in utilities. It’s potential to retrofit resale properties, but replacement all of these giant appliances will get very costly.
 Fewer repairs
New homes haven’t full-fledged the damage and tear that resale homes have, which suggests that options of a new home can possibly setback higher than options of older homes. As an example, once buying older homes, several patrons can realize that they have to exchange the carpet, re-insulate the attic, repaint the walls etc. These are things that new owners don’t need to deal with.
 Less maintenance 
Cosmic Structures
Several of the new homes on the market are specifically built to reduce maintenance needs for the home-owner. New home does n’t have to use wood for exterior trim, since it's liable to rotting and infrequently needs repainting, but instead uses composite, which suggests less work for the home-owner. Older homes generally are n’t dowered with this sort of technology, which again means more work for the homeowner.
The warranty perk
When having a home built, several patrons can settle a contract that the builder can conform to beware of necessary repair add the home for the first year, at minimum. Different parts of the home are going to be under guarantee for extended than the first year, in the majority cases. So, necessary repair work may include something from a leaky roof to a broken heater, and if either of those things happens inside the guarantee period, the builder pays to have it repaired. When buying a resale home, there's no probability of taking advantage of a builder’s guarantee.