Reasons Why Internet is a Boon for Real Estate Industry

With the advent of internet, the real estate also has transformed. The technology has eased the real estate transaction process and has gained the trust of both investor and real estate developer.

Here is how the internet has transformed the real estate industry.

• Development of virtual real estate market – Internet has made it easier to research and shortlist property listings. This has enabled the investors to come to know about upcoming projects as well as expands the market for developers.

• Property visualisation through virtual reality – The technology has also enabled buyers to easily visualise their dream home along with an immersive experience of getting to know about it.

• Birdseye view of the real estate property – With the introduction of drone technology, the buyer gets a birdseye view of the property so that he can get to know about the property and its premises better.

• Instant resolution to queries – The technology also has introduced chat boxes and live interactive windows to initiate instant replies to queries by the customers.

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Guide To Buy The Right Home For You

Buying a new home is not just a financial investment it is s fulfilment of your dreams. Here is a personalized guide to buying a perfect home for you and your family.

•    Your Needs

Have you envisioned your new home, what you expect from the new home, what are your needs regarding a new home? Make a blueprint of the home that you desire and look for the projects which match your expectations.

•    Location

It is recommended to invest in a project, apartments in Trivandrum, in a prime location in the city for many reasons. Opt for a location which is near to your workplace and where essential social amenities are nearby.

•    Verify the builder

It is good to invest in an apartment project by a trusted builder. Do a background check of the builder and stay away from frauds.

•    Quality

Crosscheck the construction quality of the project by making a visit to the site.

•    Documentation

Read and verify all the needed agreements before making the deal.

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Important Facts About Document Registration In India

•    One can acquire property by means of purchasing, inheritance of ancestral property, through will, as gift, through the trust of settlement deeds or grant by government or court.

•    When acquiring property by inheritance, it is not necessary to register it.

•    Registration of immovable property makes it a permanent public record. According to the transfer of property act, the right, interest or title must be acquired only if the deed is registered.

•    The purchase becomes valid if such a deed is not registered.

•    A document executed can be registered within four months of time.

•    The registration of a document can be withdrawn, but only before the completion of the registration by written application of the person who submitted the registration.

•    An individual above 18 years of age is allowed to sign as a witness but should not be a party to the document.

•    A registration will only be complete after the genuineness of the witness.

•    Without personal appearance, only a mortgage deed can be executed under improvement loans with a certificate of sale issued by revenue court.

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Advantages Of Kid-Centric Homes

Developers are keen on offering value-added services and employing innovative methods like themed projects for providing utmost comfort to the inhabitants. Kid-centric homes are the new concept that builders are trying to incorporate to attract families with children.

Below listed are the advantages of kid-centric homes

•    Safety and security – Kid-centric homes will have special features like rounded corners, night lights, higher balcony grills, child-safe switches and sockets, etc. to keep the child safe at home.

•    Helps working parents – These homes will also have facilities like day-care centre and crèche to ensure that the children are looked after while the parents are at work. This assures the parents that their kids are in good hands and safe without their presence.

•    Recreational amenities for holistic development – Kid-centric homes will be equipped with recreational amenities like swimming classes, sports coaching, yoga, music and dance classes, drawing and craft, tuition facilities, etc. to promote healthy physical as well as mental development.

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Checklist for Buying a Resale Property

Buying a resale home is an effective alternative if the buyer does not wish to wait for a year or so for an under construction home. But unlike buying a new home, the purchase process of a resale property is different and may require an in-depth analysis of various associated factors.

Here is a checklist to keep in mind when buying a resale property.

• Check all the documents – Ensure that the property has a clear title and the all the related documents are legally valid. It is also vital to confirm that the seller is the true owner.

• Loan eligibility – Banks and financial institutions may have criteria for giving home loans for a resale property. Some banks may not give loans for a property that is over 20 years old.

• Outstanding taxes and other charges – It is important to ensure that all the taxes, maintenance charges and other dues till date are paid by the seller before selling the property.

• Property inspection – A detailed inspection of the property will provide a clear understanding of its condition and also helps plan the renovation and the cost associated with it.

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A Brief Guide on Common Real Estate Terms

Having a complete knowledge about the processes and terms involved in real estate is vital for ensuring profits as well as success in the transactions.

Here is a list of common real estate terms and their meanings.

• Freehold property - A property in which only the owner has a holding over is called a freehold property. There is no time limit for the ownership and it can be transferred by registering a sale deed.

• Sale deed - It is a legal document which proves the transfer of ownership from the seller to the buyer. It also legalises the purchase process and registers it on the records of the authorities.

• Registration fee - It is the fee levied on property buyers by the authorities to maintain the records of property transactions.

• Stamp duty - It is the tax levied on the property documentation by the government for gaining legal recognition for the documents.

• Stilt parking - A parking slot that has a roof or a stilt over is called stilt parking.

Heather Homes, one of the top builders in Trivandrum known for quality premium living spaces of world-class facilities. The leading builders offer a choice of residential projects, apartments in Trivandrum at strategic locations across the city. Looking for a new home in the capital city, flats in Trivandrum, Heather Ferns, a premium residential project by Heather Homes at Kazhakkoottam is a great choice for you.  

To Know More About The Project  http://www.heatherhomes.in/apartments-in-trivandrum/heather-ferns/

How Home Loan EMIs Affect Credit Score

Maintaining a good credit score during the repayment of a loan can be considered a daunting task for many. Acquiring another home loan in the future is also depended on maintaining a good credit score.

Here is how to maintain a good credit score

•    Pay EMIs correctly - Missing monthly EMI payments is considered a grave mistake with respect to maintaining a good credit score. It is ideal to maintain savings so that it can be used in emergencies instead of using up the amount kept for EMI.

•    Auto debits – An effective way of avoiding delays in loan payments is by setting auto debits in salary accounts. This will enable the lending bank to auto-debit the amount on the particular date without fault.

•    Buffer time - It is important to maintain a buffer time when dealing in cheques or third-party gateways to ensure that the payment gets cleared before the due date.

•    Updated details – For receiving timely reminders and instalment notices, updating details like address, contact number and email IDs in banks records is important. 

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 To Know More About The Project http://www.heatherhomes.in/apartments-in-trivandrum/heather-ferns/