Why Should You Invest in Flats in Perumbakkam

loA rapidly developing suburb of Chennai, Perumbakkam is known for its close proximity to the IT corridors in OMR and Sholinganallur. It is bordered by Medavakkam in the North, Semmencherry in the South, Sholinganallur to the East and Sithalapakkam to the West. If there had been no IT companies near this locality, then for sure the real estate here would have not had so much of demand that it has now. To put it in other words, the real estate in Perumbakkam is mainly driven by the IT corridors near it and by the professional population working in this IT hub. Several new residential projects are popping up across Peumbakkam with a considerable uptick in demand. While many of the professional population have already flocked the area to buy homes, there are still a few who are in dilemma whether they should invest in Perumbakkam or not. Here are some of the reasons that will make your investment in Perumbakkam worthy.

Proximity to IT corridors

Located a few kilometres away from Sholinganallur and OMR, Perumbakkam makes an ideal living place for all those who have their

The Best Real Estate in Costa Rica

rTop places to reside in

The security of living in Costa Rica will be determined by the region chosen. It is important to choose calm neighborhoods that are known for low crime and violence. Costa Rica is a peaceful nation, and most areas are perfect for retirees. Some of the top areas to live in include San Ramon in Central Valley which has been named as the top destination for retirees looking to spend golden times during their golden years. It is less crowded since tourists bypass the area and features elegant houses and peaceful neighborhoods. The Southern Zone that consists of Unite, Dominical and Epochal also offer perfect tropical environments to live in. Other areas include the Cahuita region that presents excellent Caribbean coasts with long beaches and a wide variety of activities to engage in and a friendly easy-to-immerse in Afro-Caribbean lifestyle. For lovers of nature, the Arenal region presents a perfect residence with long stretching green landscapes and volcanic mountains, lakes and rural communities that live peacefully. Enthusiasts can opt for Jaro area of Central Pacific Coast, which offers a resort town

Top 5 Locations in Bangalore to Purchase Property

e3Bangalore is popularly known for its global IT firm and job opportunities in some of the big companies, but other than that, it boasts of some of the posh properties. With a pleasant weather, trendy and a stylish life style, people are now more inclined towards owning and purchasing properties in Bangalore. The city is now seeing some serious changes in terms of new house projects and developers trying their best to deliver the housing solution. There are many housing projects which are aiming to create a big change; some of the project would be Golden Gate, Shriram properties, Purvankara etc.

Kinds of property you will find

You should be able to decide and then choose what kind of property you are looking for, whether it’s an apartment, independent villas, simple one room flat, whatever may be your choice is, and you can narrow down your selection based on location as well to get your ideal property. If you have budget restraints, you don’t need to worry; you will get property according to your range. But it is quiet expected that, if you wish to stay

You Need to Know This About Home Appraisals

A home appraisal is a critical component of any real estate transaction that involves a mortgage loan. If you are refinancing you will need an appraisal, if you are selling your home to someone that needs to get a mortgage, he or she will need to have an appraisal done.

What Is a Home Appraisal?

A home appraisal is an opinion on value by a qualified, unbiased third party. Mortgage lenders require an appraisal to be completed when you are refinancing your mortgage. An appraisal is also completed in a transaction when someone is buying a home to make sure they have not over paid for it.

Mortgage Lenders require appraisal to ensure that homeowners are not over paying for a property because if the borrower stops paying for the mortgage the lender will take action to remove the borrower from the home and sell it to recoup their money, this is why it is important for the home to be worth more than the money loaned. In essence, a home appraisal is a lawyer of protection for the mortgage lender.

The Appraisal Process and How Appraisal Values Are Determined

These are the main factors that influence your home’s appraisal value: current market trends which

Five Renovations That Don’t Increase Home Appraisal Value

Every homeowner must do routine maintenance to their home that more or less just maintains its current condition. However, some homeowners decide they want to improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Homeowner’s are very biased when it comes to their own home, they see the things they have done to it and think dollar for dollar the home’s value should go up with each improvement, this is not often the case. A potential buyer or real estate appraiser may be unimpressed with certain improvements, what you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.

Below I am going to outline Five Renovations That Don’t Increase Home Appraisal Value.

1. Swimming Pools

There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighbourhood, do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season

4 Things That Will Help Fetch the Right Resale Value for Your Property

So, you have decided to part with your home. Wondering how to get the best deal that will justify holding it is an investment property until now. Before you put up a notice for sale, or start passing the news to your near and dear, consider the fact that the reality market is some parts of the country has been sluggish.

Hence, it is worthwhile to put in a little bit of effort that will make your property look a lot more attractive to potential buyers. Here are some expert tips that will help enhance the resale value of your home by tens of thousands if not few lakhs.

Pep up the exteriors

As soon as a home is bought, homeowners spend time, money and energy in designing the interiors to their whims and fancy. What they miss to see is that, the exteriors play a major role in creating an impression in the minds of a potential buyer than the interior. It is the exterior that is first seen before they take a walkthrough of the interiors. Hence, pay attention to pepping up your exteriors in equal measure to the interiors to get a better resale value.

Creating additional space

An extra room is

Toronto Real Estate Report Fall

As we enter the fourth quarter of 2015, the Toronto real estate market continues its seemingly unstoppable pace. 8,200 house or condominium trades took place in September, making it the highest sales-volume-September on record. The Toronto Real Estate Board has predicted that a total of 100,000 sales to take place in 2015. If that number is achieved, it too will be a record.

We still do not have a balanced market. Sellers are few and Buyers are many. The City of Toronto has only 2.2 months of inventory currently listed. This supply represents about half the number of listings needed for a balanced market, and is down 7.3% from last year. Buyers still find themselves in competition for the homes they want.

The average sale price for any dwelling in the Greater Toronto Area is $627,395, up 9% from September 2014. Benchmark prices – the sale price of a home deemed most typical of its area – are also up in several key neighbourhoods. For detached houses in the Toronto Real Estate Board’s districts of Lawrence Park and Forest Hill North, September’s benchmark price was over $1.3 million. That represents an 11% gain year over year. Benchmark prices in the districts of

Expansion of Metro Is Likely to Increase the Property Prices in KR Puram

According to the sources, the advantage of seamless connectivity certainly plays a vital role in boosting the property prices in KR Puram. With the development of the second phase of Bangalore’s Namma Metro, the locality will be connected to Baiyappanahall. The real estate experts predict that the price of the properties in KR Puram is expected to be increased by 20 to 30%.

When it comes to property investment, Bangalore offers several good localities to invest in. Apart from it, the home buyers can have a multiple choice while buying a property. Krishanaraja Puram is one such area that offers a wide range of residential properties. Particularly, the demand for home is high among the working professionals who have their work locations in Narayanapuram and Mahadevapuram.

Located along the National Highway (NH) 4, Krishanaraja Puram has emerged as the reatly hot spot after the existence of Information Technology (IT) in Marathahalli and Whitefield. Thus, the real estate developers build residential projects in this region by targeting the IT working professionals.

Connectivity is one of the key reasons that attracts the home buyers and investors to buy a property in KR Puram. The locality has good access to three arterial roads that include NH

This Housing Bubble Is Set to Pop

For generations, it was always a good bet to invest in a place Americans call home. Housing had almost always increased in value, and you received a multiple of whatever you invested into it in your total return.

Until 2008 that is.

That’s when home prices tanked and our economy entered a recession, leaving people like you and me holding the proverbial paper bag when it comes to overpriced and overleveraged mortgages.

Since then, the root cause of the housing bubble has remained in place – easy-money policies by the Federal Reserve to fuel lending. It has led to another housing bubble.

One that is set to burst sooner than most are anticipating.

Since 2009, the Fed has pinned interest rates near zero in an attempt to prop up our aging, lackluster economy.

With a sub-2% GDP growth rate, it’s hard to believe that this has been a success.

But the easy-money policies have propped up aspects of the market, just not in the pockets of the everyday American. Instead, it has bloated the pockets of Wall Street and investors.

Had someone told you in 2006, 2007 or even most of 2008 to sell your home, you likely would have ignored them. Not many people on Main Street

Extravagant and Uber-Luxury Villas & Apartments Offered by Palm Jumeirah

When seen from space, the tree-shaped island of Palm Jumeirah looks stunning and dazzling. Back here on Earth, it has been christened as the eighth wonder of the world. This marvellous project is home to an exciting array of signature villas, apartments, garden homes, town houses, and penthouses. Most of the projects located on this ravishing island offer an abundant dose of luxury and opulence. Below is an insight on some of the developments which provide brilliant architecture and world-class facilities:

Kempinski Residences

Set in a prime waterfront location, this project spells out royalty and affluence. Consisting of seven floors, this project offers an exceptionally luxurious lifestyle. Some of the remarkable features and facilities include five-star concierge service, massive swimming pool, shaded pool area for children, private cabanas, kayaking, scuba diving lessons, fully equipped gym, kids club, volleyball, football, & table tennis courts, beach club membership, and much more.

Balquis Residence

Exuding sheer elegance and grandeur, the buildings of this project are a class apart. The spacious living areas, fantastic furnishings & fittings, spectacular outdoor areas, and surrounding lush greenery, sea, & beach, together contribute in offering a convenient and opulent lifestyle. The project comprises of 34 luxury villas, 28 elegant townhouses, 16 royal

How to Deal With a Low Home Appraisal

Want to learn how to deal with a low home appraisal? In a competitive real estate market, a home being sold may enter into a multiple offer situation which could potentially raise the purchase price above the comparable sales in the area. In a situation like this, it is possible that the home appraisal for the buyer’s mortgage lender will come in lower than the purchase price. In a real estate market that favors buyers (home prices are soft or declining), sellers can also face a home appraisal that is lower than what they paid for the home if they bought the house at the peak of the market. Be aware that a low home appraisal can happen in any type of real estate market.

Why Do Low Appraisals Happen?

Here are a few reasons why a home appraisals may come in low:

  • Inflated home price because of multiple offers.
  • Declining real estate market due to a large inventory of homes and not enough buyers.
  • The seller has overpriced the home.
  • The real estate appraiser lacks experience and doesn’t understand the influences on value.
  • The real estate appraiser incorrectly selected his comparable sales for his report which may have resulted in a lower home value than what

How Buyer’s and Seller’s Markets Impact Homes for Sale

Nothing is as fickle as real estate. Housing prices may rise or fall for any number of reasons. Although they can make investing in your own property a bit of a risk, with a little bit of knowledge the informed shopper can easily make the best decision possible when looking at homes for sale.

Buyer’s Market

Simply put, a buyer’s market is a result of the economic principle of supply and demand. In this case, there are more properties in supply (i.e. for sale) than there is a demand for them, meaning that those looking to invest in real estate have a lot of options to choose from. Supply and demand fluctuate depending on how many new customers enter an area and how many homeowners in the region have decided to stay in their properties.

In these circumstances, there are plentiful homes for sale, which favors those interested in investing in residential property. The geographic region and price ranges are favorable and the cost to purchase is relatively low. If housing in an area tends to take more than six months to sell, then it is considered a buyer’s market. You can easily find how many days a property has been listed on

Why Is Bangalore a Favorite Realty Destination

The Bangalore real estate market is one of the most promising real estate markets in the country. IT companies have played a major role in the growth of the real estate market.

The city is one of the most livable cities with good physical and social infrastructure facilities, best educational institutions, famous hospitals, shopping malls, retail outlets, nightlife, etc. The city with all these facilities and attractive climate have attracted a number of people. The residential market has seen excellent growth over time. Many micro markets are known for the residential purpose and few promising and attractive markets include, Sarjapur Road, Whitefield, Outer Ring Road (ORR) and North Bangalore.

Sarjapur Road:

The micro market is located in the South-East of the city. The area is connected to the prime IT hubs like Electronic City, Whitefield and Marathahalli. The area is known for the international schools and reputed colleges. The area has various options for shopping like malls and stand-alone retail outlets of international brands. The micro market enjoys a good hospitality sector and good healthcare facilities. The locality is favorite among the IT/ITes employees as it is well connected to the IT regions. The locality is known for affordable housing. The micro market

The Best of Milton Real Estate

How special it feels to be living or moving in to a place which is the fastest growing municipality in the Golden Horseshoe. Fastest growth means more development, better opportunities and modern architecture. You will be able to find various kind of flats, apartments and houses fulfilling all of your needs.

Whether you want compact apartments and houses for your single use or your small family, maybe you want a massive house built with wide rooms and bedrooms for your large family, or maybe you want to go for more luxurious villas… you will get well-built real estate of your choice in Milton.

Population

Milton is the fastest growing municipality according to the census conducted in 2006 and 2011. The census showed that Milton is experiencing approx. 71% rise in population from the year 2001 to 2006 and saw roughly a 56% surge in population from 2006 to 2011. The population of Milton, in 2014, is approximately 100,000, but as it is growing rapidly, its population in 2031 is forecasted to be approx. 220,000.

You will also have no problem communicating with the people in Milton as approximately 70% of the population are native English speakers, according to the census of 2011. The remaining

Rent or Buy? Which Option Makes Sense for You?

If you are the individual who is weighing the option of buying or renting a house, you need to consider a few factors. Your financial situation has to be assessed for your long-term planning and that it is not that simple as well.

Understanding your house budget and expenses

It is wise to review your household budget in comparison to the expenses before you begin looking for a new house. You have to find out how much can you afford to pay for accommodation without putting a burden on the budget.

You simply cannot go for rent or mortgage payments if you are unable to pay them on time. Several factors are involved both for renting or buying that should be considered prior to making a decision.

What are the requirements while renting or buying a house?

Your credit history and credit score are crucial and that they will be looked upon by the rental agency or the landlords for the mortgage or rent. You will be checked whether you are can pay the bills on time and are not overdue with the loans or the credit card balances. You have to check your score and credit history before applying for the apartment or the

Real Estate Statistics Explained

Basic Real Estate Statistics Explained

We are going to define some of the basic real estate statistics that get thrown around on a regular basis. To do that, we will use one real estate market, located in Hood County Texas. Even more granular, we will use the single family numbers for homes in Granbury Tx, a small town of approximately 8,000 residents which has seen substantial real estate growth in the past 12 months. It is important when reviewing real estate statistics to use a group of numbers large enough for consistency, but granular enough to tell your story.

The statistics that we will be referencing are true and accurate for the year discussed but are being used to define the real estate statistic itself.

We have chosen Granbury Tx as our example because the growth of the local real estate market there make the statics stand out.

Anytime you are evaluating statistics, especially in real estate, the source of the numbers are extremely important. In most instances, the MLS (Multiple Listing Service) provides the most accurate numbers when referring to real estate. This is because they have all listings by all local real estate brokers in their database. For the sake of

Why Sky-High SoCal Housing Costs Just Keep Rising

Any SoCal Resident Can Tell You Rent is High,

But did you know the average cost of a home in Los Angeles ($658,000) is more than double the national average for houses of the same size? Real estate experts say that the gap between the cost of living in LA and the rest of the country will continue to get larger, all the way through 2018. When gainfully employed, educated people with salaries hovering around $250,000 a year are looking to move to nearby cities due to the inability to find a home within their budget that meets their standard of living, it is clear that California is pricing out its own residents. And the truth is – there isn’t really much anyone can do about it.

The Cause

While no single problem is exclusively to blame for the incredibly inflamed housing cost in Los Angeles, the generalized answer is that there are not enough houses to meet the demand, and in addition to that, the cost to build more housing keeps developers away. It is a vicious cycle of economics – people want housing, construction companies can’t fill that demand because the cost to them is too high, this takes money and

Pressures That Dominate Real Estate Value

When people usually think of real estate value they think of two forces; supply and demand. Yes, this is correct; however supply and demand only fall under the one of the four main categories that drive/depress real estate value. Supply and demand fall under the economic category of influences in real estate value. The other three include; social impact, government subjection and environmental forces.

When looking at social impact, there are a few things one would want to consider determining the effect it will have on real estate value. Most of all the value would fluctuate accordingly with population characteristics. This tie into the potential for demand in the economic section of value; the more demand, the more value a property can derive. Population however should be looked at in more depth by breaking down the sample by age and gender, rate of household formation and partition, as well as analysis of the social values such as education, law and order, and lifestyle preferences. Careful consideration of these factors will help establish trends in what would be reflected in real estate values.

Next is the government subjection, accounting for a large aspect of real estate value. This includes political and legal activities

The Chill in US Real Estate

You know things are starting to get dicey out there when even a multimillion-dollar penthouse in Manhattan can’t sell.

It seems a developer in SoHo, having just recently finished primary construction for his high-rise condo tower, realized the project’s focal point – a $45 million, 8,400-square-foot penthouse – was just a bit too much.

“The air is very thin up there in that buyer pool,” was the way the builder, Kevin Maloney, put it to Bloomberg.

You’ll love the Solomon-esque solution Maloney came up with.

The penthouse has a wonderfully grandiose name: the Summit of SoHo.

Sure, it has its own indoor pool. And yes, it has 23-foot living room ceilings. Plus, it has not one but two private elevators. One goes to the lobby; the other is so you don’t have to take the stairs to the penthouse’s upper levels (for entertaining, a spa and a rooftop kitchen and grill).

But the stock market cracked hard at the start of the year, with the S&P 500 down 11% at its lowest point in 2016, while Hong Kong’s Hang Seng dropped roughly 17%. In recent months, Chinese real estate buyers pulled a disappearing act from realtor offices all around the U.S. And after years of ultra

A Paradise for Golfers and Nature Lovers

Sprawling across a whopping 1,119 hectares of land, the Jumeirah Golf Estates is a fabulous residential project, comprising fantastic residences, fine golf courses, vibrant club house, and ample lush greenery. On one hand, the natural ambience enables dwellers and visitors to delve into peace & tranquillity, and on the other, the development offers excellent golfing facilities for enhancing the skills of golf enthusiasts. Below is an insight on this spectacular destination which intrigues and inspires nature and golf lovers:

Location

Situated right in the heart of new Dubai, the Jumeirah Golf Estates provide easy access to Dubai Marina, Al Maktoum International Airport, and the site of Dubai Expo 2020.

Variety of Residences

Offering a perfect blend of natural environment and contemporary facilities, the master project houses numerous unique and best-in-class communities, namely, Whispering Pines, Flame Tree Ridge, Wild Flower, Juniper Way, Lime Tree Valley (East), Lime Tree Valley (West), Orange Lake, Sanctuary Falls, Sienna Lakes, Sienna Views, Olive Point, The Sundials, Valencia Grove, Alandalus, and Redwood. Consisting of aesthetically designed villas, townhouses, and apartments, these developments offer a melange of amenities such as pharmacy, retail stores, restaurants, fast food outlets, tennis courts, laundry service, and much more.

Golf Courses

The community is home to two distinctive