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Ten Things to Consider before Buying New Property

Anyone can tell you that buying a house is quite a big deal. First off, it’s a huge amount of investment. Second, it’s something you’ve worked for your entire life. The day you start earning something is probably the day you start planning what your dream home will look like.

For some, this planning begins even before that, at a very young age when during pretend-play we build castles in the cloud. Even if the property you are seeking to invest in isn’t your home, rather for investment purposes, it still is of course pretty important. You’d want returns from it and you’d be looking for value for money!

This is why a home specialist Melbourne is so significant! They can guide you and help you find just what you’re looking for.

Ten Things You Need to Keep in Mind!

Since buying new property is, of course, a significant amount of investment, this decision demands due care. There are many things that must be carefully considered before deciding on buying a property.

Here are ten points that absolutely must be scrutinized in depth:

Use a Trusted Realtor

Buying a house involves many decisions. Ideally, to make such decisions someone informed should be there by your side lending you good advice based on sound knowledge and experience. This would, of course, be a home specialist Melbourne.

Always make sure that the realtor or the home specialist you’re trusting is worth his/her mettle. Even more important is that they will be serving your interests well.

Be Mindful of the Contracts Involved

When buying any new property, there’s lots of paperwork that needs to be addressed. Many papers need to be signed, and a huge proportion of these are actually contracts.

While these contracts often look standardized things that just have to be signed and done away with, that’s simply not true. A lot of things can be negotiated. Hence, review and inspect every paper carefully before signing anything.

Keep in mind your Long Term Plans

There are many questions that need to be answered before committing to a new property. Where do you spot yourself in 10 years? If you’re buying a home, do you plan to get married? If you do plan to get married, how many kids would you want to have? Will you be staying at your current job for the foreseeable future?

Since buying property is one of the bigger financial commitments of anyone’s lifetime, all related aspects need to be addressed.

Consider the Commitment

I don’t mean to sound like a pessimist, but there’s so much at stake when you buy a property, especially when it’s with someone else as well.

For instance, if you’re married, there’s always a chance of divorce, and then there are laws governing the distribution of all assets. If you’re not married but are investing in a new property with your spouse, you need to understand things may go south and plan according to that as well. Best to get everything in writing!

Renovations needed?

Any renovations or changes you might want to make after investing in a new property needs particular attention. Don’t blindly assume the costs that will be involved, call in people, take estimates and only commit if you think you’ll be able to bear costs of all involved things.

These include materials, labor costs, consultants’ fees, and many others.

Keep your Budget in mind

It is comparatively cheaper to fix minor cosmetic issues in a new property. However, like any home specialist, Melbourne will tell you, it’s the major things that cause a financial burden.

This is not just cabinets, counters and appliances. Did you know that the cost of labor involved can almost triple your cost? No, right? Well, that’s the way it is. Always keep your budget in mind and plan everything according to that.

All the costs involved

The simple rule here is to buy the property you know you can afford. This decision should be made keeping several factors in minds such as your projected income, insurance, taxes and of course the dynamics of the market and the economy.

Maintenance costs should be considered as well. After all, it costs money!

Loans involved?

Lending laws are what needs to be understood here. There are many types of loans. For instance, a person a few years out of college might have student loans.

Prepare all your documents in an organized manner, so you know all loan related issues that need to be discussed.

Home Mortgage Deductions

Since home mortgage deductions are such a huge attraction, many buyers end up buying more than they can manage just for the sake of deductions. This is a huge mistake as other factors need to be attended to, as well.

Are you really ready?

Ask yourself if you’re really ready for such a serious commitment. Buying new property simply because you “should” have bought property, or because it’s the norm in your circle is simply not reason enough.

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Say thanks to technology because now you can make your travel experience greener and eco-friendly. With the availability of the eco-friendly hotels, paperless environment, and nature-friendly places you can now evolve to green living and traveling. If you’re fond of traveling but also look for a cost-friendly journey, then here are some ideas that will help you to turn eco-friendly while touring different places.

1. Search Eco-Friendly Vendors

With the passing years, more and more eco-friendly vendors are joining the bandwagon. They are ready to accommodate your traveling while giving you a greener experience. Search for these vendors and book them for your traveling.

You may not find the perfect eco-friendly vendor, but you can find someone close to it and can help you minimize the carbon footprint by eliminating the use of plastic or adopting more eco-friendly practices.

2. Search an Energy-Efficient Condo

If you have reached around your destination and looking for Toronto condos for sale to stay, I’d prefer you going with a nature-friendly one. It won’t only save your electricity bills but will also help you to preserve the environment. Since it will be a short stay so it’s not wise to spend your money on a luxury condo that can cost you dollars.

A condo that is close to nature will not only help you to save the fuel but will also add in improving your lifestyle.

3. Don’t Waste Too Much on Shopping

If you have finally made up your mind for green traveling then it’s useless to waste your money on shopping from exquisite places. First of all, don’t shop things that aren’t required and if it’s important to shop then go for local purchasing.

Buying from local vendors helps in boosting the economy and also helps the local vendor to bring food for their family. And while you’re shopping, avoid plastic shopping bags completely and replace it with reusable cloth bags.

4. Don’t Rent a Car

If you have to stay at a location for months don’t make the mistake of renting a car for your travels. Take the local guide and if the destination is near, consider walking or cycling. It’s better than renting a private car and it’s also a money-saving tip. However, if your location is far-flung within the city, you can book a ride-hailing cab like Uber or other private taxis.

It’s not only sustainable but also affordable and healthier. Plus, while walking or cycling to the destination you’ll be able to stop at your own and can spend maximum time exploring the city.

5. Drop the Papers

There shouldn’t be more paper associated with travel. The lighter the burden of your suitcase, the greater focus you can put on traveling. So, if someone says you have to keep a thick travel guide, map or all your official documents then don’t follow. A good tip is to keep the scanned copy of the documents in your smartphones.

So, avoid the paper clutter and lighten your burden. In addition, if you love to take travel notes then do it on your mobile instead of papers. Apps like EverNote and notepad let you take notes on the go.

6. Pack your Suitcase Responsibly

It’s not wise to fill your suitcase with everything you want. Only pack the necessary items such as your outfits, shoes or other necessary things. You can get many things during your stay at Toronto lofts or hotels. Like you can be accommodated for food items during your travel, if you’re planning to keep extra water bottles then don’t because you’ll get the chance to refill your bottles at the gas stations.

You’d be carrying your suitcase everywhere you go, so it’s better to keep the burden light with the necessary stuff only, If you overdo, then it won’t add up in eco-friendly traveling, remember.

When you’ve decided to travel so pack your bags depending on the number of days you’ll need to stay and the places you’d be travelling. Eco-friendly traveling not only saves the planet but also adds to your experience while exploring the beautiful planet.

So, what’s your next travel spot and what you’ll be packing in your suitcase for traveling now, if you wanna know more regarding this visit.

Bangalore, also known as the “Silicon Valley of India” has seen major developments in the real estate sector within the past decade. The city has been growing at a rapid pace because of the increase in foreign investments from multinational companies. This has led to a massive influx of jobseekers in the city and as a result, demand for housing properties have been on the rise. As an NRI, you can invest in upcoming housing projects like Assetz 63 Degree East which boasts of superb facilities and a robust infrastructure.

Here are a few points which testifies why investing in real estate in Bangalore can be a prudent idea for NRIs like you:

Robust Infrastructure

Bangalore has emerged as one of the best Indian cities to live in because of the modern infrastructure it possesses. The city is experiencing a tremendous amount of growth in the real estate sector. There are various upcoming infrastructure projects, such as the Bangalore Metro Rail, which will cover around 33 kms over the North-south and East- West corridor.

Also, to ensure fast and easy connectivity from Bangalore city center to the International Airport, a Hi-speed Airport link of around 34 kms is in development, which will enable passengers to reach the Airport in around 25 minutes from different parts of the city.


Must Read: NRI Investment Guide

Affordable Housing

As a real estate investor, the first thing that might cross your mind is the price of the property that you’re willing to purchase. There are many apartments for sale in Bangalore that offer all basic amenities at very affordable rates. For example, Assetz 63 Degree East located at Sarjapur. It offers modern housing flats with top-class amenities at prices starting just Rs. 44 lakh.

Self-Contained Townships

As an NRI, you may be accustomed to the modern amenities. There are many residential complexes in Bangalore which offers many top-bracket amenities like gymnasium, swimming pools, landscape gardens, separate playing area, and a robust security system. You can easily afford to purchase a housing property in Bangalore with all these facilities at locations like Whitefield, Sarjapur, Uttarahalli, Horamavu etc.

In case you need any financial assistance, you can opt for home loans to meet all your home financing requirements. These home loans come with many exclusive features like property-search assistance, high value top-up loans, easy balance transfer facility etc. to make your house-buying process convenient and hassle-free.

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