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April 7, 2015

Real estate trends to be aware of in 2015 – Which are the best markets for investing?

Real estate trendsDue to the sudden recovery in the housing market across the United States of America, prices in many markets have shot up. According to reports by Realty Trac, the median sales price of the single-family homes and condominiums had reached their highest level since September, 2008. Appreciation of price and the tempting number of foreclosures created frenzy among the real estate investors who were willing to pay cash and this in turn made it tougher for the traditional buyers to compete with them. However, experts are of the opinion that 2015 will be marked due to rejuvenation of normalcy and balance for the entire real estate markets throughout the nation. It has been a tough time for the buyers but it is certainly going to be easy in 2015.

The chief economist of Redfin.com, Nela Richardson agrees that it has been a pretty clear pattern that the activity among the investors has been shrinking with time. Nowadays, investors are only interested in places where they can buy low and sell high. The growth in price is slowing down dramatically and hence they are not able to sell at a much higher price than what they buy. Investment properties will be less interesting in 2014 and will continue throughout 2015.

Real estate trends to watch out for in 2015

If you’re an investor or a buyer, you should be aware of the bigger picture and before taking any step into the market, you need to know the trends that you should watch out for. Below listed are some of the real estate market trends that you should be aware of in 2015.

1. An improved market for all buyers: For all the middle-class homebuyers within the US, 2015 is indeed going to be a rather better year than 2014 as more inventory will be coming into the market, as per chief economist Jed Kolko. As the appreciation of home prices are predicted to flatten out, the present owners will have enough incentive to sell off their properties before the prices dip down yet again. In fact, the median sales price for single household homes was $217,400 in 2014, which was up from 2013 when the median sales price was only $196,300, as per the National Association of Realtors. For the buyers, the good news is that there are lots of people who have got back above water.

2. Interest rates on mortgages will stay pretty low: An ace mortgage broker sees an indeed prosperous and flourishing 2015 and due to that he plans to increase his number of mortgage officers. What is the key reason behind this? Well, the interest rates are going to stay pretty low simply due to the locational chaos and unrest and this will in turn keep inflation under control and will also lower oil prices. More and more buyers will be starting soon with buying homes in 2015. The interest rates were already low in 2014 but in 2015 the lower rates would translate to higher number of home sales.

3. The changing age game: The millenials are even bigger cohorts than their so-called baby boomers generation. As the tendency among the millenials to procrastinate homeownership and rent longer will directly affect the apartment sector, survey interviewees also studied that the investors should take into account the housing preference of millenials that could change in 2020s. Looking beyond the millenials, this report also predicts further changes in the industry which results in the emergence of the smaller Generation Z.

4. Relationship of real estate & technology will intensify: We all are aware of the fact that no particular form of real estate is excluded from the expansion of technology. Technology is the main factor that is evoking chance in space use, locations and other demand levels. Now that the entire industry is going online and there is increasing birth of e-commerce websites, the love-hate relationship between technology and real estate will definitely intensify.

Top 10 global real estate markets to invest your dollars in 2015

Now that you know the real estate trends that you should watch out for, you should also know the top 10 markets where you can invest your dollars. Here are the names:

1. Williamsburg, New York
2. Tokyo Toyosu – Kachidoki bay
3. Barangaroo, Sydney
4. 16th arrondissement in Paris
5. Cape Town Central Business District
6. Kowloon West in Hong Kong
7. Tiong Bahru in Singapore
8. Runda and Gigiri in Nairobi
9. Victoria Park, London and
10. Business Bay in Dubai.

So, if you have your dollars invested in credit card debt, student loan debt, and non-profit debt consolidation companies or in auto loans, make sure you invest some of your dollars in the real estate industry in 2015. You can definitely reap good returns this year.

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February 17, 2015

How Can One Get More Returns While Investing in Prelaunch Projects?

Property investmentsProperty investment can be a tricky business; especially considering that it requires investment of one of the biggest amounts that a person can invest in a deal. However this also is one of those investments which can help reduce the living costs after acquisition. Usually, there is no contest between new projects and resale properties. While the latter may not be fewer in availability, their accessibility is reduced due to their price tags.

Mumbai as a Property Destination

Mumbai has always been one of the biggest (perhaps the biggest) property destinations in India. Even though the sales had slowed down in the city during the real estate recession; it is worth noticing that the latent demand remained exceedingly high.

When Mumbai is compared with other territories across the country, the difference of land availability stands out. The city does not have any pliable land left in the prime territory. Therefore the suburbs are developing at an unprecedented pace. Just like with many other prime territories in India, there is possibility that with adequate development, the old Mumbai city might fade away in history. However the city being a port city, such prospects are debatable.

But this has not deterred builders from developing the suburban regions in a planned manner, drawing investment towards them. One of such localities is Mulund, which lies on the Central Line of suburban railways. Over the last thirty years, the locality has witnessed a marked presence of Nirmal Lifestyle Mulund, one of the oldest investors in the region. Now this group has launched another new project which is at par with the world class offerings from Tata Housing- which has also invested in the region recently.

The Reliability of Property Investment

One of the most important aspects of investing in Mulund is to recognize the builder. Brands like Nirmal are well known in the region. Nirmal Group is even credited for bringing Mulund on the map of hot property destinations. With decades of experience and multiple projects under its belt, these builders have become a reliable brand in the locality.

Now they are coming up with their new and expansive project called Nirmal One Mumbai Mulund which is a multipurpose project. Unlike most other builders, Nirmal Group has invested in the development of both residential and commercial spaces. The builders have acquired land in the vicinity of the L.B.S. Marg which is now being developed to offer modern residential houses. The residential component of the project is called ‘One Spirit’. It comprises of four buildings which offer 1, 2 and 3BHK houses whose floor area ranges from 600 square feet to 1600 square feet approximately.

This project is set to become one of the most prominent landmarks in Mulund when it gets completed. Its vicinity to the L.B.S. Marg makes it highly accessible from road.

Using Housing.com to Find Reliable Projects

Nirmal One Mumbaiis only one of the many offerings that are available on housing.com. The portal is known for its reliable property listings and collaboration with the biggest names in the realty sector. As a result, one can find and explore numerous new projects under development here.

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December 9, 2014

World class housing come to India

Real Estate InvestmentAhmedabad is the seventh largest metropolitan city of India, and has been the epicentre of Narendra Modi’s plans for Gujarat’s developments over the past years in which the city has seen tremendous rise in its infrastructural growth. New projects in Ahmedabad were just the start of city’s plans to over-power other metropolitan cities and to increase its rank. With Ahmedabad being the home various national and multinational organizations it is no brainer for Ahmedabad to possess a blooming Real Estate – commercial as well as residential. Ahmedabad is not only a mushrooming real estate and commercial centre but originally an industrial sector; the reason it is known as the Manchester of India is due to the presence of mills and other industries in Ahmedabad.

What’s in store for you in Ahmedabad?

Ahmedabad has a huge variety and a budget efficient real estate market for an investor or buyer. Previously, Ahmedabad’s real estate dominantly consisted of individual bungalows and plots with no real property development. But with the new Gujrat model in the basket and other improvised plans to make the city bigger than ever this system has changed to construction of apartments with the most high tech facilities at the most moderate rates. This has resulted in various nationalized builders picking Ahmedabad as an ideal destination for construction of residential complexes and privatized cities. With facilities like: playing area, private swimming pools, high securitized complexes, theatres, religious places within the complexes, halls where events can be take place. In short, these facilities just indicate the desire of builders to provide modern and new flats in Ahmedabad but also see the comfort of the people and design modern houses according their convenience and affordability. With TATA affordable housing a new introduction to increasing list of developers in Ahmedabad, their names caries more facilities than just trust, their work has been phenomenal in other cities where state of the art facilities are available at “affordable” rates. New projects in Ahmedabad and change from individual housing to complexes have resulted in a huge increase in number of investors in the city.

Property Areas:

Properties are available at various prices for every end user. From a property worth 25 lakhs to 5 crores, for example. These new projects are planned on a wider scale and aren’t just constructed anywhere, making Ahmedabad are very planned and organized city. The satellite area is considered as one the most costly of areas in Ahmedabdad, though rightly it provides with the best of facilities considering the fact it is inside the city. Mostly all the areas a bit away from the city and takes maximum of an hour’s ride via rickshaw or bus to the main city. Transportation isn’t a problem; proper busses and rickshaw with well-maintained roads makes the ride smoother than ever.

Ahmedabad’s Real Estate in a nutshell:

Ahmedabad’s mixture of industrial, educational and commercial sector makes Ahmedabad an ideal residential real estate hub which has a huge growing demand. For example: just 5 months before, a friend of mine shifted to Ahmedabad from Mumbai because, property rates in Ahmedabad is less than Mumbai and they provide better facilities at the same rate with a much cleaner and calmer environment. With state of the art infrastructure and various national and multinational firms and educational institutes in store Ahmedabad is not short of a paradise.

Flats in Ahmedabad are all value for their money as the facilities that are provided with the apartments. The city’s been on a tremendous rise in the past 20 years or so, making the city an educational, industrial, commercial and most recently a residential power-hub.

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February 27, 2014

5 Reasons to Purchase an Investment Property

Invertment property tipsVenturing into property investment can be exciting, volatile and daunting. It can also be very profitable. Ron Bakir is the CEO of HomeCorp, a large Australian urban planning company that has developed more than 1,500 residential lots across the country since its genesis in 2004. Using his wisdom, here are five reasons why you should purchase an investment property.

Rental Income

One of the biggest benefits of getting into the property investment game is the receipt of rental income. Many property owners rent out their apartment, house or office space to tenants and then simply use the rent money to help pay off the mortgage. Remember to do the maths before you invest and ensure that you will receive an adequate amount of rental income to offset the cost. Ron Bakir and the team at HomeCorp also know the importance of creating supply where there is demand; is your property’s location popular with renters?

Diversification

If you’re a smart, dedicated investor, chances are that you have a diversified portfolio. This means investing your money in different asset classes, such as defensive instruments (fixed interest and cash) and growth instruments (property and shares). By doing this, you are minimising the risk that comes with investing. Think about it: if you have invested solely in shares and the market takes a dive, where does that leave you?

Freedom

Sometimes the simple things in life are the best. When you own an investment property, much like owning your own home, you are completely in control. You get to choose which type of property you will have, which tenants to lease to, what the property will look like and you can always move into the property yourself if need be. Unlike a homeowner, however, you receive the benefit of having tenants to help you make mortgage repayments instead of shouldering the entire burden alone.

Tax Benefits

Depending on your country’s tax system, there may be significant tax benefits if you purchase an investment property. Often, deductions can be claimed for expenses such as interest from any loans you paid, agent fees, depreciation, council rates, advertising, and repairs and maintenance. Ensure that you research this well in order to fully take advantage of any potential gains.

Appreciation

When you purchase something such as a car, over time it will naturally depreciate in value due to wear and tear. Similarly, the furniture and appliances within your investment property will decrease in worth as your tenants use them. Your property may even need repairs or renovations from time to time. The unique thing about property, however, is that it can increase its value or appreciate. This is, of course, if you have chosen your property wisely; if you’re in a property hotspot, your property’s value will skyrocket before you!

Will you be taking the plunge and investing in a property? Or are you a seasoned investor with tips to share? Share your thoughts now by commenting in the box below.

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February 9, 2014

Different forms of student loans

Student loan debtEducation loan is one of the most popular and well-known types of funding programs just like a mortgage loan. Students who are not able to fund for their education from their own pocket would have to apply for an education loan in order to get the money they require for their education. Prominently, there are two different forms of student loans offered and those include Federal student loans and Private Student loans. Apart from these well known student loans, certain borrowers even choose a personal loan program or a secured loan for their educational need.

But, according to the financial need of the borrower, only federal student loans and private student loans are focused towards serving the purpose of providing financial assistance for the education of the borrower or his or her parents. A detailed analysis of each of these types is as follows.

Federal Student loans

Stafford loan, Perkins loan, PLUS loans, Consolidation loans etc. are the popular types of federal student loans. Of all the different federal student loans, the best pick of them all would be the Perkins loans due to lower costs and attractive benefits, but the number of Perkins loan that get offered to students per year is considerably less when compared to other types of federal student loans.

Subsidized Stafford loan and unsubsidized Stafford loan are the two types of Stafford loans. Both these types are available for undergraduate students and a graduate student would be able to apply only for an unsubsidized Stafford loan. Stafford loans are the second best type of federal student loans.

The difference between the two types is based on the interest rate charged during schooling wherein in the case of a subsidized Stafford loan; the interest rate charged on the loan when the student is studying would be paid by the Federal government whereas this is not the case with an unsubsidized Stafford loan, the interest rate charged while studying would be added up with the loan amount.

PLUS loan type of federal student loan can be obtained by the student as well as dependent parents. Of all the different federal student loan programs, the most used and applied federal student loan type is the Stafford loan. Minimum eligibility requirements, lower interest rate charges, minimum or no additional costs, flexible repayment terms make these loans the most beneficial of all.

Private student loans

Alternative student loan program is a highly risky option for a student. For those who want higher amount of cash to pay for their tuition fee and other miscellaneous expenses which may include books, laptop, stationeries, accommodation, transport etc. would find this option useful since they would be able to get higher loan amount.

With this benefit comes risk as well, since the interest rate charged on the loan would be very high. Lender would not be flexible in altering the repayment terms or any other terms of the loan, so the borrower would have no other option other than managing the risk. A good credit status is mandatory for the borrower to secure this particular loan, if not they would have to find help from a cosigner who possesses a strong financial background.

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