As a property investor, your primary concern is to make money from your investment. It could either be in the form of regular cash flow or property appreciation.
In either case, you must know that Vastu is an important element to consider. Whether you subscribe to Vastu as a concept or not, most prospective buyers or renters will.
This definitely affects their decisions and will affect you in the long run.
Let’s consider two scenarios – one where you want to rent out your property and one where you want to sell it. Here’s what could happen if your property is not Vastu compliant in either scenario.
Scenario 1 : Investors looking to Rent out their Property
These are investors who are looking to increase their cash flow. They want to ensure that they get their rent regularly and ideally want it to continue without interruptions. If their property is not Vastu compliant, here are the problems they could face.
Narrows the list of good tenants
Finding good tenants is a problem for most people, irrespective of Vastu issues. Nevertheless, finding good tenants who do not care about Vastu is a bigger hurdle. If your property is not Vastu compliant, you are narrowing the list of people who would be interested in renting your property.
Property could get stigma attached to it
Let’s suppose a tenant who does not care about Vastu moves in. If something unfortunate or bad happens, even such skeptics can easily be converted to believers by ‘well-meaning’ friends and acquaintances. They will convince them that it is the fault of the home they have recently moved into and your tenant might decide to leave.
Becomes increasingly difficult to rent out property
It’s easy to destroy the reputation of a home with just a few well chosen words. If previous renters advertise to others about problems they may have supposedly faced in your property, it will become increasingly difficult to rent it out.
If you’re unable to rent out your property, you’re sitting with a dead investment, something that is not yielding any cash flow to you. No investor wants this to happen. Meanwhile, let’s look at the other scenario.
Scenario 2 : Investors Looking to Sell their Property
Many investors today buy property with the hope that it will appreciate favorably. They want to ensure that they get good profits. However, if their property is not Vastu compliant here’s what they could undergo.
Buyers become astute negotiators
Once a prospective buyer finds out that the property is not Vastu compliant, they could use it as leverage to negotiate a better price for themselves. This could significantly lower the value of your property and you could stand to suffer a loss.
Reluctant buyers find fault easily
Once a buyer learns the Vastu issues with your property, they’re going to become reluctant to buy. Either they may completely reject the property or find other things to fault in it. Word of mouth by such buyers could portray your property in a negative light. Eventually, you will be left with property that does not get sold.
You don’t have to believe in Vastu yourself but seeing as others might, you might have to make your property Vastu ready before you start looking for buyers or renters.
There are a few elements that you would need to take care of, particularly the house entrance along with location of kitchen, master bedroom and the toilets.
In our earlier blog posts there are many tips through which you can incorporate several prominent Vastu elements in your property.
It bears repeating that Vastu is one of the primary concerns for most buyers and renters before they make their big decision. Whether you like it or not, you have to understand that Vastu is here to stay.
The sooner you incorporate it into your property, the better your profits will be.
Registration of your home is probably one of the biggest personal events in your life, after marriage and the birth of your children probably.
The registration process ties up everything and it’s one of the most crucial aspects of buying a home.
Naturally, people tend to get excited on the day of registration. Entire families are known to come along to view and save this life-changing moment for posterity.
But most often, people are not prepared for what the day will bring. It is no wonder that they often come back exhausted and fervently have no wish of repeating it.
But to ensure that the day is memorable as it is meant to be, here’s a 10 point checklist for you to refer to, before you register your home.
1. Do you have all the documents?
The most important documents to be carried for the registration is the Sale Deed, 2 Passport Size Photograph, Pan Card and DDs for Stamp Duty and Registration Fee. Out of these documents check with the builder regarding the documents you are supposed to bring. Do a double or triple check of these documents and ideally, do this before the registration day.
2. Have you checked the amounts on the DD?
The demand draft that you need for registration fee is 1% of property value whereas the stamp duty is 5.65% of property value. Ensure that the correct amounts are mentioned on the DD.
3. Don’t forget your PANCARD copy!
Most people remember the importance of carrying important documents like your PANCARD etc but it’s easy enough to forget. Remember to carry a both original and copy of your PAN card before registration.
4. Carry some refreshments
It’s going to be a long day. Apart from waiting for your turn, it can get quite tiring if you don’t have some light snacks and water with you. Remember to carry these along as you may not have time to stop somewhere for lunch if you get hungry. Also, it’s vital for people who are on medication for diabetes or heart disease that they stay hydrated throughout the day.
5. Avoid weekends
There is perpetual rush during weekends so it’s best to go on a weekday when there will be significantly less crowd. You’ll get the job done faster and the officials will be less harried as well.
6. Avoid taking kids along
Children get bored easily and they get cranky after that. Avoid taking your kids along because they will just make things difficult for you. Leave them with your parents or in-laws. It’s the best way to remain stress-free on such an important day.
7. Don’t be time bound
Constantly looking at your watch is not going to make things work faster. At the registration office, they will follow a set of processes and protocols. You have to stop thinking about how much time the whole thing is taking because it won’t help you.
8. Stay sharp and alert
Nowadays it’s common for people to spend time on their phone while waiting for anything. Whether it’s checking business emails or playing a game to make the time move faster, don’t do it. At least not during the registration process. Remember to stay sharp and alert and be completely involved in the process.
9. Keep your day free
Avoid keeping any appointments and meetings on the day of registration. If registration takes time (which it inevitably will), you will feel jittery and nervous and you will not be able to focus.
10. Be thorough
If you have doubts, now is the time to ask questions. Don’t remain ignorant. It is your property and you should know all aspects of it. Another important thing to remember is to check all documents carefully before you sign.
With these pointers in mind, you should have a painless and easy registration process. Remember, it is a life changing day and even if it takes time, it is worth it. At the end of the day, after all the effort, you are a property owner! The pre-registration checklist just makes your life easier.
We have been in this real estate industry for the past 20 years, we have met many customers and heard them share their joy and also grievances with us.
But, this is the first time we have received a Thank You video by our customers.
A video solely done by the residents of Vakil Whispering woods, expressing their gratitude for giving them a world of Peace.
As the saying goes “Thousands of worries can be placed aside by a place of Peace” and yes that’s what is Vakil Whispering Wood Residences for many.
The 120 acre resort township gives acres of green gardens and 18000 sq ft clubhouse, making way for ample open spaces for morning walks. Free from any noise or pollution and with 24 hour security in place.
See the happiness of the residents in their face , in the below video :
Our customer’s satisfaction is our primary goal; sometimes these gracious tokens of appreciation by them hold a special place in our hearts.
We hope to continue building great homes and forging many such relationships along the way.
Vakil Whispering Woods : Picture Gallery
Fear of missing out on a good deal sometimes drives people to invest in real estate. However, these are often unwise decisions, not backed by proper thought and planning.
But, investors who have done their homework well, and who have been observing the real estate industry for a while know something that newbie investors don’t.
Affordable properties make better investments than high end properties. Yes, that’s right.
As an investor, if want to ensure that you get good returns, read on to discover why investing in lower priced properties could be the best investment decision you’ve ever made.
1. Faster appreciation
Properties that cost less are known to appreciate relatively faster and after all, this is what every investor wants. It’s a win-win situation, compounded by the fact that most properties are on the fast developing outskirts of the cities. Here, larger properties are available at a much less investment. With the development of the Metro and Ring Roads, these properties are also becoming more accessible. They become more attractive to prospective buyers or renters, making them hot properties.
2. Easier to rent
Lower priced properties often have good rental prospects because of their affordability. Most often, these properties come up in areas which are self sufficient especially when it comes to amenities. Combined with lower rents, they are attractive to prospective renters. Even if the rent is marginally low, you can be assured that there will be someone willing to rent your property, ensuring a constant cash flow.
3. Lower Risk
Every investor’s biggest concern is the risk factor. It is unfortunately present in whatever they choose to invest. But unlike stocks and other such investment options, affordable properties come with a lower capital risk. With a smaller outlay, you are still assured of getting returns. Or sometimes there is just a good cash flow in the form of rent. It makes complete sense for even the most cautious of investors.
4. Easier to exit with a profit
If you decide to resell, there are definitely more buyers for an affordable property than for a higher end property, simply because of the lower price range. The probability of getting a better resale price is also very high. So for an investor, an affordable property is surely a better option than higher priced ones.
5. Good return on capital
There are not many investment options that can give you a good return on capital. But with an affordable property, you can either rent it out or ensure a regular cash flow, or you can resell the property and get your money back, with profit to boot.
6. Saturation in High End Market
The high end market with luxury apartments have come to a point where no one is buying them anymore. Several branded builders are also rushing into the affordable property market because they are keen to cater to mid level buyers. Today, with the saturation in the high end market, it definitely makes more sense to opt for a lower and affordable property when considering an investment.
Investing in a property is not easy because you’re constantly barraged with advice from well meaning people.Also, it’s easy to start second guessing yourself. If you feel that you need to invest but are also concerned about the risks involved, investing in an affordable property is your best bet.
If you have been filing away the plan to purchase your dream home for ‘later’ or when you are ‘more settled’, stop and reconsider right now.
The real estate scenario today is indeed a buyer’s market and you would gain tremendously from investing in it, particularly if you’re looking to buy your own home.
Even if you feel you need to have saved money for several years before you can even consider buying a home, we think the right time is now. What’s more, there are several housing loans that make it easier for you to go down this path, with some careful planning and thinking.
But…what about down payment?
Well, yes, you would have to shell out money for down payment because the housing loan will not cover the entire cost of your home.
But before you balk at the huge amount of money you would need to funnel into this, let us quickly assure you that making the down payment too has become relatively easier today.
Firstly, the percentage of initial down payment has come down to 10% and even as low as 5% in some cases.
Yes, you read that right! Today, prospective owners can buy their dream home by paying as little as 5% of the cost of the home as down payment.
But do you still feel that arranging for even that much is beyond your means? Do you think that you just don’t have enough money to get into this right now?
Read on to discover how you can arrange for down payment and lock down your dream home right away.
1. Ask your employer for a loan
Most employers offer loans to employees at low interest rates. It would be a great idea to check at your workplace if this is available because it would allow you to take that step forward towards your goals, while still maintaining your self respect.
Often, the paperwork and documentation for such a loan is straightforward and simple, making it an easy process.
2. Availing finance against securities
Many people have financial assets such as bonds, shares, securities and insurance policies. But did you know that you can avail for loans against these?
Most banks are willing to extend loans against bonds and shares which means you don’t even have to sell them. Your securities remain as part of your assets.
3. Liquidate your assets
If you’re unable to secure a loan against your assets such as gold, shares or mutual funds, or if the loan is not enough to cover your down payment, the best option would be to sell them.
Sure these are your plans for a rainy day but owning a home should definitely take bigger priority over investments right?
4. Your EPF comes in handy
The Employee Provident Fund is most often relegated as a retirement option and anyway you cannot withdraw it while you’re still employed.
However, if you have an EPF account for the past five years, you can take a loan from that account to make your down payment. The best part about this is that it’s your own money that is helping you out.
5. Turn to family for help
As an absolute last resort, you might want to turn to your family – parents, in laws or relatives for financial help.
Traditionally, elders consider it their duty to help the younger generation in setting up their homes.
So, most often, relatives will pitch an amount towards your down payment willingly too.
Although this might be an option where you cannot be self-reliant, sometimes you might have no other choice.
Arranging for down payment today is not that much of a steep climb as it used to be, even a few years ago.
Apart from a lower down payment in the first place, there are certainly many ways in which you can arrange for it, if you only open your eyes and look in the right places.
Don’t let the fear of not having enough money for down payment deter you from your dream of owning your own home. After all, the right opportunities don’t come knocking on your door every single day.