admin, Author at Prestige Park Grove https://prestige-parkgrove.com/author/svrtrz_mngq16z6/ Whitefield, Bangalore Tue, 15 Nov 2022 13:55:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 https://prestige-parkgrove.com/wp-content/uploads/2022/03/prestige-park-grove-favicon-1-150x150.png admin, Author at Prestige Park Grove https://prestige-parkgrove.com/author/svrtrz_mngq16z6/ 32 32 Buying a home as a veteran https://prestige-parkgrove.com/buying-a-home-as-a-veteran/ https://prestige-parkgrove.com/buying-a-home-as-a-veteran/#respond Wed, 31 Aug 2022 04:44:48 +0000 https://prestige-parkgrove.com/?p=1040 Buying a house is a wonderful and emotional experience for the majority of people. Veterans who have obviously spent years moving between bases and searching for a location to call their own may find this especially relevant. While buying a home can be a difficult and expensive process there are many resources available to assist people […]

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Buying a house is a wonderful and emotional experience for the majority of people. Veterans who have obviously spent years moving between bases and searching for a location to call their own may find this especially relevant. While buying a home can be a difficult and expensive process there are many resources available to assist people who have served in the military. You must consider the below points before buying a house and research a new home if you are a veteran or active service member. 

The majority of veterans apply for a VA home loan offered by private lenders. For those who are looking to establish themselves VA loans provide a competitive and affordable option to save. Veterans who are first-time homebuyers and lack the funds for a down payment should use VA loans. A benefit for those without a lengthy credit history is that the credit requirements are lower than those for home lenders.

Private mortgage insurance a primary insurance option for borrowers who can’t put down 20% is not necessary for VA loans. Veterans must Manage their military benefits properly and understanding the fundamentals of a VA home loan are only two small parts of the mortgage process. before buying a home as a veteran with a skilled mortgage lender to explore what else will work best for you in order to better understand how to minimize your benefits.

You can do nothing if you have been given the order to move. But, you should be active about buying your current property and getting in touch with a realtor. Your orders will not come on so quickly that you don’t have time to prepare properly before reporting for duty. If you have plenty of early information get in touch with a realtor about 90 days before the day you want to move out. This will give the house more than enough time to go on the market and possibly sell without costing you or your family a lot of money. 

Loans have less strict credit rules than traditional loans this does not mean that veterans should ignore one of the most crucial pieces of home-buying advice. Buyers must have some type of credit history with a balance of good and negative information. To make sure your present behaviors are helping and not damaging your credit you must regularly check your credit score. 

It happens that we find a home with all the features and amenities you are looking for and it makes your hearts melt. It could even be more expensive than it looks and fit into your budget in some other way. But you must allow your mind to rule your heart and possibly explanation out your choice by taking into consideration a variety of located near factors such as easy accessibility, the situation of the roads, the location of the property, the amenities it offers, the quality of the construction, the neighborhood, and any planned infrastructure improvements like Metro rail, flyovers, schools, markets, and hospitals.

You must consider the entire neighborhood, the type of residents who will or already reside there, and the area.  You must avoid falling for the trick as some developers may even give comparatively high costs by recognizing some confusing proposed future development projects that may or may not take place. It should not happen that you want to enjoy walking with family members but are unable to do so because the property is located in an unsafe or lonely area. 

A realtor with experience working with veterans should be your first choice if you decide to take advantage of veteran home-buying opportunities. You must work with an expert who thoroughly understands the purchasing process is one of the best house-buying advice for veterans because the differences between VA loans and other mortgage options may become significant.  You should consider looking through online sites to identify agents that are flexible to veterans or asking other veterans who have successfully bought homes in your area for advice do not be afraid to transfer agents at any moment if you believe your current one is unable to properly help you through the process.

You should overview the quality of the construction by looking at the strength of the walls, the type of flooring used, the type of color applied, the window frames, the standard of bathroom tiles, etc. before you are attracted by the glamour sample apartment and decide to close the transaction. If you are booking an underdeveloped property verify online or you can see the developer’s other properties that he has recently set up.

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A Checklist to Make Before House Hunting https://prestige-parkgrove.com/a-checklist-to-make-before-house-hunting/ https://prestige-parkgrove.com/a-checklist-to-make-before-house-hunting/#respond Wed, 31 Aug 2022 04:42:42 +0000 https://prestige-parkgrove.com/?p=1038 Buying your own home is the best ever financial decision that one ever makes. The whole process sounds fascinating but at the same time, this is a tough and tiring process. You can either rent a property or buy it, this is up to you. As different types of properties are available in the market […]

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Buying your own home is the best ever financial decision that one ever makes. The whole process sounds fascinating but at the same time, this is a tough and tiring process. You can either rent a property or buy it, this is up to you. As different types of properties are available in the market these days, you must first fix what type of property you want before getting into this process, or else it will take more time and the whole thing will turn into an exhausting process. Before you start, do proper online research and find the property of your interest, this will let you cover half of your problem. 

A house-hunting checklist will help you narrow down your home search so you are not wasting time looking at homes you actually do not want. Making a list of your own assist you in finding the perfect home of your vision. This will help you in organizing the things based on your preference and you could avoid or add anything later which will help you in reminding your needs and requirements.

Here, are a few of the common things that you must certainly add to your checklist before you start your house-hunting process.

Location 

These are the first ever things that you must choose before going any further into the house-hunting process. A good neighborhood is essential as you are going to stay in that house and if it is in a great location, it will provide you great returns in the future. Make sure that you choose a location that completes you all together meanwhile, help you with your daily activities including closeness to your kid’s school and your workspace. Check for crime rates in the locality and talk to the people living in the locality to get a proper idea about the neighborhood.

Type of the Property

This is very crucial, as you must first select the house type based on your preference, so you can continue your house hunting process hassle-free without looking for every type of house available in the real estate market. The major type of properties that are available are independent homes, apartments, villas, and many others out of which plots also has their place. You must choose the configuration of the property based on your preference and must look for the property that caters to your needs. 

Budget

This is a crucial factor if you plan to purchase your dream home. You must know how much money you need to buy the home you want. It would be ideal that you calculate the additional charges such as registration and stamp duty charges, maintenance costs, interiors, and everything else that is required for a home. If you evaluate everything this way, you will know how much you have to spend on your property. By doing so, it will become easier for you to plan accordingly and fix the budget and you can also do the necessary steps if you want a home loan.

A Real Estate Agent

A reputed real estate agent can help you in many ways and can make the whole process simple and less exhausting for you. They will make sure that you get the property of your exact dreams and not settle for anything less than that. A reputed agent is very well aware of the market condition and the market trends, so they will help you find the best deal for you and can help you save money. Make sure that the agent you hire has a great experience in his field and has a proper idea of everything regarding real estate. You must talk with your agent and let them know what you actually do and get to know about the price trends and everything that is essential to your knowledge. Communication is the key to this and ensures that the agent hears what you have to say otherwise find someone else.

Your Credit Score

If you plan to take a home loan for buying a property, it will be easier for you to negotiate a good deal with the lender if you have a strong credit history. To maintain a good credit history, you must make timely credit card payments, use credit cards for big transactions and get your credit limits increased every year. The credit score is to indicate how well your capacity to pay back the EMIs and to know whether there is any risk associated with the borrower. It would be ideal that you pay off your previous loans before applying for a new home loan.

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A Checklist Before Buying a House – Part 2 https://prestige-parkgrove.com/a-checklist-before-buying-a-house-part-2/ https://prestige-parkgrove.com/a-checklist-before-buying-a-house-part-2/#respond Wed, 31 Aug 2022 04:40:49 +0000 https://prestige-parkgrove.com/?p=1036 While investing in a residential property, everyone has different concerns about how their home must be. When investing all your hard-earned money into a home, you must be very careful while choosing a property. It must be according to what you have planned. You are going to live on that property so make sure that […]

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While investing in a residential property, everyone has different concerns about how their home must be. When investing all your hard-earned money into a home, you must be very careful while choosing a property. It must be according to what you have planned. You are going to live on that property so make sure that everything is up to your need and nothing is less or more. Buying your own home is the best ever financial decision that one ever makes. The whole process sounds fascinating but at the same time, this is a tough and tiring process. You can either rent a property or buy it, this is up to you. Before you start, do proper online research and find the property of your interest, this will let you cover half of your problem. 

A house-hunting checklist will help you narrow down your home search so you are not wasting time looking at homes you actually do not want. Making a list of your own assist you in finding the perfect home of your vision. This will help you in organizing the things based on your preference and you could avoid or add anything later which will help you in reminding your needs and requirements.

Following are some of the things that you must add to your house-hunting checklist.

Wall and Floor Condition

You must ensure the condition of the walls and floor before purchasing a home and this must be on the top of your house-hunting checklist. Check for warped floors, watermarks, and cracks in walls as this is a sign that the house has some really big issues. If you find any such things, make sure that the problem is not much deeper. You must keep an eye on everything that is ruining the house and if it is a small issue then it may not be a big deal. Many issues need expensive repairs, especially if it is neglected initially. So, the condition of the walls and floors must be taken seriously before investing in a property.

Unpermitted Additions

Before investing in a home make sure that any addition in the house was built with all the proper permits. This could be noted when you find any extra space while inspecting the house, that is not advertised. Any unpermitted construction is unsafe and you will have larger consequences in the future. In case you find any make sure that they either make it legal or remove the addition.

Integrated Fixtures and Systems

While you inspect a home that you plan to purchase make sure that there is no big issue related to any integrated fittings or systems. Check whether the water is clean and there is no rust in the pipes. You must have an open eye for fittings such as electrical wiring, and cooling systems such as air conditioners and for heaters too. If anything requires an expensive repair, make sure to avoid that property. If you neglect any such issue, this may cost you more in the future as they are expensive to fix.

Garden

If the garden or the lawn in the home has any issues such as a color change than usual, then there will be a fungal infection there. You must be sure that there is no unusual change in the garden or lawn while inspecting the home. Many forget this factor so make sure that you add this to your checklist. If the lawn is wet or soggy and has an unpleasant odor, that can be a sign of a broken sewage line. This can lead to a huge problem if not addressed and rectified properly.

Floor Plan

While inspecting the home, walk around and ask yourself if the floor plan works for you. Some people prefer an open floor plan while others like having a closed one. If the plan is not according to your preference consider that the home is not your fit. You can check another option. Also, make sure that the house has enough windows to provide natural air and light.

Apart from these, you must add many other things to your house hunting checklist such as the exterior of the home to understand whether it permits any alteration, check for unpleasant odors inside the home, check the garage, and every other thing that is of concern to you.

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Benefits of Investing in a Newly Launched Residential Property https://prestige-parkgrove.com/benefits-of-investing-in-a-newly-launched-residential-property/ https://prestige-parkgrove.com/benefits-of-investing-in-a-newly-launched-residential-property/#comments Wed, 31 Aug 2022 04:37:48 +0000 https://prestige-parkgrove.com/?p=1034 Before investing in the right residential property, a homebuyer needs to take care of various things. When you invest in a property you will be having a huge plan that you would have prepared and waited months or years for its execution. While you make amends for everything one thing that you should never forget […]

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Before investing in the right residential property, a homebuyer needs to take care of various things. When you invest in a property you will be having a huge plan that you would have prepared and waited months or years for its execution. While you make amends for everything one thing that you should never forget is that the property must fetch you good returns in the future. Whatever the reason always try to invest in a property or location that ensures more than what you have invested initially. At this point, you must really consider investing in a newly launched residential property. A newly launched property is a property that the real estate builder or developer has just launched in the market. Because of the things around, a fresh and new property has its own charm in the real estate market. 

The following are the benefits of investing in a newly launched residential property

Huge Discounts

In many cases, a newly launched residential property offers huge discounts for the people who have approached the builder in the beginning. If you are lucky enough to be among one of the early birds, then there is a huge chance for you to get crazy discounts on the property. So, if you have any plans to invest in real estate check for any such discounts, this will help you save around 10 to 20% of the total cost of the property. Many builders and construction companies offer such discounts even before commencing the construction of the property while marketing and promoting them.

Variant Option Based on Your Budget

While investing in a newly launched property you can get a different variant option based on your budget. You can also get the advantage to choose the specifications of the property like anything that fits your budget.

Book Before the Price Hike

When you invest in a property during its initial construction phase, you can block the final price before the rates increases. The inflation factor is common and it will completely affect the cost of everything such as the price of raw materials, labor charges, tools, and other things, which is definitely going to influence the overall cost of the apartment. Even things like an increase in demand for the property and new infrastructure development around the building will also lead to a price hike. Opting for a newly launched property will help you save a considerable amount of money for the future. This also helps you to sell the property in the future when the price has reached more than you expected;

Better Choice of Home

Just as you could choose the home based on your budget, you can choose the best home from the rest of them if you are purchasing a newly launched property. You have the advantage to select a home on any floor of your convenience and can even get a garden-facing or with a better landscape than the rest of the others.

Customization

You will get the benefit of customizing the home at a very initial stage if you are investing in a property that is about to be launched. This will be a home that is just for you. You can customize the interiors of your home including the bedrooms, kitchen, and everything according to your requirements. You can even make minor changes at the basic level of construction. It is difficult to change anything after the completion of the property. So, if you are an early bird, you can select wall painting, furniture provision, and interior design and can offer décor ideas accordingly.

Safe and Worthy

If you are investing in a property from a reputed builder this will benefit you in many ways. To diversify your investment portfolio, a newly launched property is the best choice. Thus investment is considered worthy as you invest before the launch period and gain huge benefits, especially an exception from the price hike. Even if you are an experienced or a first-time investor make sure the property is from a reputed builder whom you could trust.

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My property marketing plan https://prestige-parkgrove.com/my-property-marketing-plan/ https://prestige-parkgrove.com/my-property-marketing-plan/#respond Wed, 31 Aug 2022 04:35:25 +0000 https://prestige-parkgrove.com/?p=1032 An asset that will never lose value over time is real estate investment. Real estate has changed in a major way as a result of Youngsters’ increasing demand. Due to migration, today’s youth is more interested in having a secure home with every comfort and luxury around. The first major shift that allowed real estate businesses to […]

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An asset that will never lose value over time is real estate investment. Real estate has changed in a major way as a result of Youngsters’ increasing demand. Due to migration, today’s youth is more interested in having a secure home with every comfort and luxury around. The first major shift that allowed real estate businesses to directly engage their target audience through internet media was the rise of social media. Various reality industries have used social media marketing to support their growth and become one of the top brands with growing businesses.

Real estate marketing strategies have a wide range of potential and are specifically developed to support business success. In the world of real estate, an objective without a strategy is just a dream and digital marketing is the strategy that will make this objective a reality. Digital marketing in comparison to traditional marketing techniques has a broad reach. Below are some tips for a marketing plan:

Create an effective Email Campaign

Emails were considered one of the strongest tools for real estate marketing even before social media became a factor. It helps to communicate with potential customers and completes the gap with previous ones. Potential customers planned actions are guided by previous business interactions and buyer profiles. A well-designed email campaign with important details specifically selected for the target audience will convince them to read it. 

Create a responsive and interactive website

It is crucial to create a web page that is appealing to customers that is well-designed, educational, and trendy. In order for the website to be specific to the requirements of the target audience, it is necessary to hire a skilled web designer who is also quite knowledgeable about the marketing idea. The website needs to be mobile-friendly, and responsive, and provide lists of all the latest offers and important real estate investment information. The website must follow a business model by adding a video chat function with a skilled customer care team available 24 hours a day to respond to the issues of the clients.

Post creative Blogs

It is one of the most innovative ways to improve real estate digital marketing strategies is through blogs. It provides clients with practical real estate investment suggestions, boosts the SEO, and builds a positive internet reputation. Every real estate company’s digital marketing plan is ineffective without relevant, clear, and original content for both the website and social media. In order to bring more traffic to the responsive website, the website’s updates must become more regular. 

Google Awards

You must be investing a large amount of money as a realtor in arranging open houses or going on visits. But if we told you that you could target a market that is attracted to the properties you want to sell with just one click. Also with help of Google Ads, you can put your brand in front of potential clients as they hunt for the properties you want to sell. Because of this Google advertising is one of the best real estate marketing strategies for your company. 

Target audience

The key to effectively growing your real estate company is to create and follow the marketing budget. You can spend your advertising budget on an unlimited number of things including real estate websites, email marketing, social media marketing, and postal marketing. Your financial decisions should be based on your target market. 

Encourage referrals and word-of-mouth

The most successful real estate brokers get multiple deals through recommendations from past clients. A new buyer or seller values a client recommends the most. For example, when a friend, neighbor, or relative recommends a real estate agent prospective clients feel more at ease choosing that agent. In paying the person who recommends a new customer with referral bonuses you may always improve this strategy. 

Photography

If you don’t have great images it would be difficult to market your house. So if you want to sell homes quickly and investing in quality photography should be your main priority. The user cannot continue to go through the description if the photography is poor. Even if you recommend a property to a customer with a busy schedule the customer will decide whether they should visit the property based on the images. 

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Steps to Follow While Buying Your First Home https://prestige-parkgrove.com/steps-to-follow-while-buying-your-first-home/ https://prestige-parkgrove.com/steps-to-follow-while-buying-your-first-home/#respond Tue, 30 Aug 2022 12:30:56 +0000 https://prestige-parkgrove.com/?p=1029 When you plan to buy a house, finance is the most important aspect that you must keep in check as all the other factors revolve around it. When you are a first-time home buyer, you do not have complete knowledge about how the actual process work and what you should do to maintain your funds […]

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When you plan to buy a house, finance is the most important aspect that you must keep in check as all the other factors revolve around it. When you are a first-time home buyer, you do not have complete knowledge about how the actual process work and what you should do to maintain your funds accordingly. To buy a house today, one has to utilize their savings and opt for a home loan. The process of getting a housing loan has become easier today as many people are looking forward to this option.

Buying a home in India is a tough and tiring process. The first and foremost thing is to be financially prepared as mentioned already. This includes many processes such as figuring out your budget, deciding where to get a loan, calculating the tax fee, and many other expenses that come on the way. This whole process looks challenging, but with a proper understanding of your financial ability and the real estate market you can do a better job the first time. So, to make your first investment process simple here are a few things that you should consider before investing in your first home.

Maintain a Good Credit Score

Your credit score is a major factor in applying for home loans and mortgages, which are necessary if you want to buy a home. So, you must maintain a good credit score from the beginning or must repair any black marks on your credit that you have such as outstanding loans, late payments, and accounts in collections. To maintain a good credit history, you must also make timely credit card payments, use credit cards for big transactions and get your credit limits increased every year. The credit score is to indicate how well your capacity to pay back the EMIs and to know whether there is any risk associated with the borrower. It would be ideal that you pay off your previous loans before applying for a new home loan.

Analyze Your Debt to Income Ratio (DTI)

It is essential to figure out your debt-to-income ratio after you have cleared your credit score. Loans use DTIs to know how your expenses stack up against your income. It is a good indicator of how comfortable your finances are and whether or not you can take on the additional debt of a house loan. To improve your DTI there are a few things that you can do such as pay your bills on time, reduce your nonessential spending and avoid applying for new credit accounts.

Know How Much You Can Afford

It is very essential that you have a proper idea of how much you could afford as buying a home is a big financial task. The DTI that has been mentioned is a good indicator of whether you can afford to pay back your home loan. Anyways, there are other payments that you must consider before fixing a budget for your new home. The other payments include property taxes that you must pay annually which depend upon the value of your property. Then there are other factors such as maintenance charges, utility bills, furniture, upgrades, and many others.

Have Money Prepared for Down Payment

The bank will help you cover a significant part of your house’s cost, but you just need some money in hand to cover the down payment. It does not essentially require you to pay any down payment, but you have to pay some processing fees. So, it is ideal that you consult with your financial representative about what kind of down payment or fees to expect while inquiring about home loans.

Build up Your Emergency Fund

It is essential to have an emergency fund in hand for perfect financial planning. Managing a home takes a lot of work and expenses, so it is essential to prepare for unforeseen expenses. An emergency fund will help you with all the sudden expenses your home may have. So, to prepare for a strong emergency fund, start allocating some of your income to build at least three to six months of your home expenses.

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Signs that You Should Move into a New City https://prestige-parkgrove.com/signs-that-you-should-move-into-a-new-city/ https://prestige-parkgrove.com/signs-that-you-should-move-into-a-new-city/#respond Tue, 30 Aug 2022 12:28:05 +0000 https://prestige-parkgrove.com/?p=1027 Living in a particular locality for a long time is really a good indication of how you have gotten acquainted with the people, the neighborhood, the weather, and everything that is connected with that. You will get attached to your home with a strong unbreakable bond. A locality is a factor that everyone looks upon […]

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Living in a particular locality for a long time is really a good indication of how you have gotten acquainted with the people, the neighborhood, the weather, and everything that is connected with that. You will get attached to your home with a strong unbreakable bond. A locality is a factor that everyone looks upon when buying a house. You must feel a belonging to the place you live so that whatever the trouble you face, at the end of the day you feel safe and secure in your own home at your preferred location.

But things do not remain the same every time. There occur certain factors that make you leave the locality of your choice for a new city. This happens because of various reasons such as you want to change your job, take up higher studies or simply to have a new perspective on life and everything. This is whole moving process is going to be tough and exhausting if you are compelled to do it. So, ask yourself if you really want to do it and then go for it. If you are not sure about what to do, the following are certain signs that you must look for if you think you have to move out of your current city into a new one.

Your Career Prospects are Limited

If you cannot find the perfect job in your current city or if you want to explore new career options, it is a sign that you leave your current destination and go and find your dream job. Different cities offer different job prospects so, it is ideal that you experience everything on the basis of your career in a new place leaving your locality. In this case, you can always come back to your own city as today there is a provision for work from home facility, then it may just be a matter of a few days if your career allows it.

The City does not Full Fill Your Needs

This may happen many times because you would have settled down in your current place because of your work or studies. But that may not be the exact things that the city offers that you need or want anymore. Thus, you can always opt to move out and fund what you really want. This may be a challenging process as you are moving out of the city which will show you a completely new dimension in everything where you have to grow and adapt to all the new things. This will be tough but worth trying.

You cannot Afford Where You Currently Live

When you no longer can afford where you currently live, you can definitely move to another city. We have witnessed the deadliest pandemic in the last few years and it has affected many people professionally and had a huge impact on their finances. Many people lost their job so they may not be able to afford the expenses of their present city due to these reasons. Some places are too expensive to live in especially if you have gone through a major professional or personal change. If your finances are affecting your living condition, then you must definitely consider moving out of that place into a new city with a more affordable cost of living.

You Need a Complete Change

This happens many times when the inhabitants of a particular city are tired of their daily routine and living conditions. This will be due to the noise, pollution and most commonly the busy city life bothering them. There will be many personal issues also, from which they want a gap. When everything around strikes you hard, it is advised that you take a break from everything and if it is the locality that affects you, move out without thinking twice. You can have a fresh start at any destination of your choice and you can work on yourself that will improve your lifestyle.

You are Ready for an Upgrade

If you think your finances can help you live in a more comfortable and good place than where you are, then you could definitely think about an upgrade and work on it. You can leave behind everything and start everything all together in a locality that offers you more in all aspects which will totally enhance your lifestyle.

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Security Features that a Residential Society Must Have https://prestige-parkgrove.com/security-features-that-a-residential-society-must-have/ https://prestige-parkgrove.com/security-features-that-a-residential-society-must-have/#respond Tue, 30 Aug 2022 12:23:24 +0000 https://prestige-parkgrove.com/?p=1025 Investing in a residential home is a hard task. With the availability of large number of properties available in the real estates market such as plots, villas, apartments, independent houses, and many more, the buyer gets confused in reaching their ultimate aim. Many people today go for residential apartments or villas located within a residential […]

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Investing in a residential home is a hard task. With the availability of large number of properties available in the real estates market such as plots, villas, apartments, independent houses, and many more, the buyer gets confused in reaching their ultimate aim. Many people today go for residential apartments or villas located within a residential society that offers everything that is essential for a family these days. 

When a person starts finding a house, one of the first and foremost things that they look forward to is having a location that provides every essential amenity for comfortable living nearby. A home is a place where you could feel safe and secure at the end of the day with your family. When we hunt for a house one of the major concern that we have will be regarding the safety of the family, we want everything that is best for our loved ones. Hence, there must be no compromise on the basis of safety while buying a house.

So, if you are looking for a residential home you must double-check the facilities that the builder or the developer provides for maintaining the safety and security of the residents. The following are certain factors that will help you in this house-hunting journey.

The Building Must be Earthquake Resistant

Natural calamities such as earthquakes are unpredictable and can happen anywhere. While living in a high-rise apartment building there is a chance of the collapse of the building due to severe earthquakes and this will induce fear among the buyers and residents. The buyer should ensure that the building is constructed with high-quality raw materials that protect the property from every natural calamity. Many times, the buyer does not check for these things and blindly trusts the building. It is the sole responsibility of the purchaser to make sure the building is earthquake resistant for the well-being of their family.

Availability of Safety Tools and Facilities

A residential society is highly responsive to providing safety tools and facilities to its residents. It is necessary for a residential property to have fire extinguishers, fire alarms, earthquake alarms, ambulances, and other things. An emergency could occur at any time so, it is the responsibility of the authority to give proper safety guidelines to the residents which will help them during such emergencies. The safety guidelines and safety tools and devices must be installed on every floor of the building so that it is easily accessible for the residents in case of emergencies.

Secured Elevators

Elevators are really essential in tall towers and a residential apartment will have many elevators. The lifts must have proper instructions so that they could be used in case of emergency failure, technical issues, or in case of any emergency. A lift must be equipped with an oxygen cylinder and emergency contacts of an electrician, the building guards, and other essential services.

Trained Security Guards

Security guards are important for both the builder and the buyer alike in a residential community. The property must have guards who are fit, trustworthy, and well-trained with equipment such as intercom facilities. Security guards must be active and must be on duty every time. The builder must arrange alternatives in case of emergencies. Thus, the residents will get a complete sense of security in their residential area.

Kids Safety

Every apartment will have a kids’ play area and other activities for children. As they are young and innocent, they are usually prone to accidents. So, if you are a parent make sure to buy a property that is kids-friendly so that they are safe from all kinds of accidents and other things. A kid-friendly home will have swimming pools designed for kids, a play area with every precaution, a skating rink, and other activities to keep the kids active and lively with all the safety procedures.

Visitors Record Track

This is something very essential in every residential community. As many people are living on a property the number of visitors visiting each home will be common. So, for the safety and security of the residents, there must be a record book maintained by the security guards. This record book will track each and every one who is entering the property thus providing complete safety.

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Pros and cons of homeowner association https://prestige-parkgrove.com/pros-and-cons-of-homeowner-association/ https://prestige-parkgrove.com/pros-and-cons-of-homeowner-association/#respond Tue, 30 Aug 2022 12:18:02 +0000 https://prestige-parkgrove.com/?p=1023 A homeowner association is a type of community organization that looks after a particular neighborhood, participating in the creation of local laws and distributing cash for the upkeep of common areas. In neighborhoods with HOAs, property buyers instantly become members of the group and are required to pay either monthly or annual dues. These funds […]

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A homeowner association is a type of community organization that looks after a particular neighborhood, participating in the creation of local laws and distributing cash for the upkeep of common areas. In neighborhoods with HOAs, property buyers instantly become members of the group and are required to pay either monthly or annual dues. These funds are used by the HOA’s elected board of directors to maintain common areas and make community improvements. HOAs may be present in a number of residential developments, such as planned communities, townhouse communities, and condominium buildings.

Property owner’s associations, in contrast to homeowners’ associations, may include anybody with an investment in the assets of the community and are not just for homeowners. Those who buy property inside an HOA’s boundaries instantly join and are required to pay HOA fees as well as mandatory dues. It will provide its homeowners with a variety of services and amenities in exchange for fees collected such as access to a community pool, trash collection, and lawn care. Below are key points of the pros and cons of HOAs.

Pros

The fundamental benefit of homeowners’ association laws is that they can protect the neighborhood’s property values in a variety of ways particularly by establishing and implementing guidelines for home design and care.  HOA regulations support preserving the neighborhood’s homes’ resale value. 

All homeowners inside one HOA community pay annual dues which are then used for a variety of community improvements. These fees, for example, may be used to construct or maintain communal amenities such as clubhouses, swimming pools, or tennis courts to organize neighborhood cleanups or landscaping projects or cover the cost of snow removal.

When problems arise between neighbors, such as over parking or clean up, the HOA management can engage to take the issue under consideration and create a new regulation to assist in resolving the problem and avoid further situations. 

Some HOAs would manage things like cutting the grass, maintaining the flowerbeds and garden, removing the snow, and more. Potential purchasers will particularly search for HOAs that will take care of these essentials for them if they don’t have the time or skills to manage their usual duties. Communities that don’t require any maintenance are hard to find but even those that don’t may still provide some like clearing snow from the walkways. 

A homeowner’s organization could be helpful when issues between neighbors emerge. If you see another resident breaking a rule or regulation the association can play the role of mediator. You can speak with your homeowner’s association and they will speak with your neighbor on your behalf, rather than discussing the matter with your neighbor and running the danger of anger.

HOAs are required to have a primary insurance policy in place which means that the HOA dues fund this insurance coverage which offers flood protection and protects the homeowner against significant claims like fire. 

Cons

Any improvements to a home purchased in an HOA neighborhood such as the construction of a covered terrace typically require certification from the HOA. It is also possible that an HOA would restrict some house improvements.

Everyone who resides in the community must pay their dues. Insufficient funds for property maintenance may occur if the HOA is unable to collect enough money from residents. The community may be forced to fire its property manager as a result and things could get worse in terms of the neighborhood’s appearance and cleanliness.  

HOA debts may appear to be a small burden particularly if the monthly cost is reasonable. But even if you’re cool with the charge be aware that the HOA has standards for how your house should look. They also decide the type of front door and windows you can have in addition to what color you can paint your front door or shutters. Even the number of vehicles you are allowed to park in the neighborhood and outside decorations may be subject to limitations set by the organization. 

The number of restrictions imposed by the neighborhood is the main source of complaints regarding HOAs. The rules do not even bother some people at all. Others find the number of restrictions placed on their right to do as they like with their own property to be absolutely heartbreaking. For example, some HOAs offer a limited range of paint colors from which a resident may choose to paint their home.

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Investing in solar Energy or not https://prestige-parkgrove.com/investing-in-solar-energy-or-not/ https://prestige-parkgrove.com/investing-in-solar-energy-or-not/#respond Tue, 30 Aug 2022 12:14:40 +0000 https://prestige-parkgrove.com/?p=1021 Green energy and conservation have gotten a lot of attention recently in India. Due to a large number of such natural resources in the national sustainable energy sources like wind, solar, and thermal energy have a lot of potential. In terms of individual home usage, it is the one with the most noticeable trust. You must have […]

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Green energy and conservation have gotten a lot of attention recently in India. Due to a large number of such natural resources in the national sustainable energy sources like wind, solar, and thermal energy have a lot of potential. In terms of individual home usage, it is the one with the most noticeable trust. You must have seen many people putting solar panels in their residences due to this. For promoting environmentally friendly growth and a greener environment the government has already set the objective of installing 175 GW of renewable energy capacity. By the end of 2022, the government expects to have installed about 100 GW of rooftop solar panels. Here are the top 5 suggestions for investing in solar energy: 

Safe investment

According to the movements in electricity prices it may be challenging to estimate the costs for a specific time period while using traditional electricity. But on the other hand, a family can calculate how much electricity solar rooftop systems will produce. Because of the stability of the solar electricity rate for the next ten years you can easily figure out the cost of electricity generation. So rooftop solar panels are a reasonable and safe investment.

Welfare benefits

When it comes to making a contribution to green energy you are not doing it alone. Both commercial and residential solar rooftop units are suitable for certain tax incentives offered by the Indian government. The goal of the government is to convince people to use solar energy whether it is used for domestic or professional use. According to the Ministry of New and Renewable Energy, the Indian government will pay the installation costs of rooftop solar systems up to 30%. 

Suitable for the climate in India

The geographical location of the area affects solar panels as well because they need a lot of sunlight to generate electricity. India is geographically situated in such a way that it enjoys a lot of sunlight on nearly 300 days with a clear sky each year. So rooftop solar systems are really suitable for Indian citizens. 

Require little space to install and its maintenance costs are low.

Solar panels for roofs are appropriate in that they can be fitted on any rooftop. Therefore installing a rooftop solar panel won’t need you to give up your property or make any major home changes. The system provides a win scenario by protecting the building’s roof where they are installed. Good rooftop solar panels require very minimal maintenance which is another important characteristic. A good solar power return on investment usually has a service life of 20 years or more with regular maintenance.

Solar energy raises a home’s value.

While solar energy means less stress about power costs, buyers prefer to see it. Solar energy systems are usually valued by home inspectors at or higher than their part and maintenance cost. The best part is that it won’t lose value the way a room renovation would. Your home’s value will increase due to your domestic solar energy system for a long time to come. 

Long-term economic advantages

As the Indians work hard they are renowned for being frugal. As a result, you choose to put our difficult money to work by investing it in bonds, stocks, SIPs, and other long-term strategies. Solar power systems are one such long-term, cutting-edge, and eco-friendly investment

Safety

Solar energy doesn’t require power lines or transformers to increase or decrease voltages like electricity produced in a hydropower or very thermal power plant. This not only lowers the cost of installation but also makes it a safe product that can be installed immediately at home and used even by young children with little skill. 

Putting in solar is simple.

The entire process is handled for you by solar energy. Solar installers check your location before designing a unique plan, installing the system, managing finances, examining your incentives, and completing all the paperwork. They also take care of every small detail to ensure that nothing is missed.

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