Role of Real Estate while Planning for Retirement

Today’s fast paced; insecure, inflationary and highly destabilizing environment has made retirement planning the core of every individual’s financial goals.

Having a home of one’s own was the core desire which fueled the boom in the Indian real estate sector in the late nineties. Planning for retirement has transformed from being restricted to safe government policies to market linked plans.

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Today with the slow death of the joint family system and the need to have a home of one’s own after the kids grow up and fly the coop, the need and prevalence of retirement communities also seem to be gaining ground.

These consist of a cluster of houses which people buy like any other residence. They are designed as per the needs of senior citizens with facilities like wheelchair friendly corridors, community kitchen, parks, hospital facility etc. Unlike usual senior living homes in retirement communities they can stay with their families.

It is one of the ways to secure post retirement financial independence via means of real estate. It is opposite of a normal home loan. Under a reverse mortgage, one gives his property to the financial institution for a fixed tenure and receives monthly installments. Even at the end of the tenure, the installments stop but one can continue to live in the property.

After individuals’ death, the legal heirs are given an option to settle the dues else the house is sold. If there is any extra money fetched from the sale, it is passed on to the legal heirs. Also, the property is reevaluated at regular intervals during the tenure and installment amount is adjusted accordingly.

In the end, to maintain a relaxed lifestyle post retirement one should start planning early and should analyze carefully the options available.

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How to buy a new house when you already own one

Buying a new house when you already own one can be tough, depending on your conditions and goals. Luckily you got experience with the house buying method, therefore you recognize what to expect to some extent, but the process may differ, depending on whether or not the second property is an investment, a dwelling house or a brand new residence. All of those situations bring variables that that weren't in play the first time around.

New House

The Housing Market

Before buy a new house whereas you already own a property, you would like to review the state of the housing market in your local area. Study the comparable sales to see the price and therefore the amount of your time homes are staying on the market. If costs are down and you’re looking for an investment or dwelling house, you’ll doubtless wish to move quickly. However, if your purchase is conditional the sale of your current residence, it's going to not be a perfect scenario whereas the market is low.

Buying a New House

The way of buying a new house process can depend upon your intentions for the new house. If you’re buying a dwelling house or investment property, you'll still own your original property; however you have to qualify to buy the new property furthermore. You got to return up with a payment and sure acquire a mortgage. Mortgage rates on investment properties are usually on top of on primary or vacation homes, so you have to expect higher payments furthermore. On the opposite hand, if you’re looking for a new house with the intent to sell your recent home, you have got to coordinate both parts of the buying process.

Selling Your Current House

Buying a new house

In a good world, you'd close on the sale of your current home a similar day you close up on the purchase of yournew one; however that's seldom the case. You have to make temporary living arrangements, if your current home sold before buying your new home. If you close on the purchase before finishing the sale, you have to carry housing expenses for two properties. Often, this can need you to get some variety of temporary finance whereas you look to finish the sale of the primary home.

Financing the Down Payment

While living in a house and experiencing the assorted expenses then you are able to realize it that a tough time is coming up with a payment for the purchase of a new house. You have to apply for a home equity loan or a bridge loan. A home equity loan has longer terms and is better after you don’t have a buyer lined up. A bridge loan works best after you have a buyer and you need only few month months to “bridge” the gap between your purchase and sale.

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Buying your first home of investment

Are you finally ready to take the plunge and buying your first investment property? Have you ever finally saved enough cash to start out investment in property, however don’t grasp wherever to begin? If therefore, you’re attending you need to browse my tips about what to shop for and wherever to start out to maximize your investment.

For most first-time investors, the selection is sometimes between one Family Home and a 2-4 unit property, normally known as Duplexes, Triplexes and Fourlexes. There area unit giant variations between each and you ought to absolutely perceive them before plunking your cash down. The key to success in any business is education and coming up with. The primary step is to be told the maximum amount regarding your subject material as potential, which can give you confidently once doing current and future deals. During this case, it’s learning to use 2-4 unit properties to create prospering investments to secure your money future.

Home for investment

You first home ought not to be and sometimes shouldn’t be your dream home. Use it as a tool to figure towards that. conjointly bear in mind that regardless of however enticing shopping for a house is right away or what proportion you wish to speculate you wish to create certain you have got some liquid savings put aside first, a minimum of 3-6 months’ value of expenses. It can even be a really wise move to travel through the method of shopping for a home yourself 1st before doing it strictly for profit too. Otherwise you may create the foremost dear makes once you very can’t afford to. It’ll assist you talk terms, borrow and sell future investment properties with additional confidence and accuracy. The primary step is to be told the maximum amount regarding your subject material as potential, which can give you confidently once doing current and future deals. During this case, it’s learning to use 2-4 unit properties to create prospering investments to secure your money future.

You should fully obtain a home of your own if you haven’t nevertheless. Make love showing wisdom, don’t borrow against it for alternative investments so use your expertise to induce out there and create higher investments for profit. Write contracts that defend you from things which will cause you to lose your cool. A decent contract can prevent hours of gratuitous anguish.

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Investment in Realty- What’s the hook?

India has a rapidly expanding economy and with the increase in the purchasing power of the people the demand for the real estate sector is growing by the day. Today the traditional use of land or houses/flats purchased has changed. While some people want to purchase them for living, others want to invest as return in this sector are sky rocketing, especially in some pockets of the country.

Investment in Real Estate

Like in any other business, real estate development too has customers who want to invest/purchase because of different reasons. But who can determine what is it that makes them opt for ABC Developers Pvt. Ltd. rather than going for XYZ Realty Pvt. Ltd.? Is there a factor that determines such choices? Is there a science behind it? Are there trends that need to be tapped for better business? Well, there might be.

What quality is it that makes them take the final decision of purchase? Do customers seal the deal in those projects which are on the verge of completion or do they go with those firms which have a reputation for quality of construction? Well, both the issues are important for customers. Talking to experienced real estate developers and marketing professionals a fact that comes to light is that customers usually invest in those properties where they find some kind of activity. If they see that work is on, then they invest. Selling flats, floors or plots on barren land is not an easy task. Selling a dream is not that easy unless you back it up with performance on the ground. Therefore what really makes them take the leap is trust that comes through visual evidence. http://cityofromance.in/
 
Nobody knows which project will create a storm in the market and which one will fall flat. Experts say that it is a huge task to read the minds of prospective customers. Some prefer to book their homes where construction work is on, but one more important thing is the image of the realty firm. The past projects and quality of work of the firm, stand as testimony for the potential investors to gauge and decide then on.

A large number of customers also take into consideration the size of a firm's portfolio - the larger it is, and the longer it has been in the market, adds value to its latest offerings. People go and book their flats and floors there. Also, the relationship shared between customers and an established brand is very important as no buyer is willing to compromise on the functionality and quality of the real estate product. The brand value of a developer affects the buying decision of customers. The popularity of a brand results in optimum sales and increased consumer awareness. This might be independent of the construction status of a particular project. 

At the end of the day, customers certainly give thumbs up to those realty firms which hand over perfect homes to their buyers with excellent tiling work in the kitchens and the bathrooms, with perfect sewage pipes and plumbing work. Quality of a project is directly connected to the reputation and image of the builder.

So, if you are into the real estate business, you need to have the right quality to get investors to notice you. You need to have the right hook. http://cosmicindia.in/

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