While you are going to buy your own property either to rent out, share or stay in your property, there are certain things which you have to bear in mind. It is always advisable to go in for a plot which is located in a fully developed area, so that it is easier to be settled down at the earliest. Ready to occupy villa-apartments which combine a villa styled home in an apartment set-up are becoming increasingly popular in major metro cities of India.
Ideal properties to buy
You can either go in, for a Ready to occupy 1/2/3 BHK (Bed room, Hall and Kitchen) with a builder who has got a very good reputation and gives you quality service. As stated by Damian Trevor in one of this blog post, you can opt for an apartment styled one or a villa type house. Duplex apartments are now becoming increasingly popular in India, as well.
Duplex apartments are specifically suited for larger families who simply cannot be accommodated in the same house. You have your husband, kids and in-laws. Plus your elder brother and his family want to be accommodated in the same building; the ideal family arrangement would be to go in for a duplex styled. You can enjoy your privacy plus stay together. Duplex house is one house upon another in the same apartment.
Properties to put up on rent
Damian Trevor in one of his articles stated that when you want to get customers as ideal tenants for your property, just in case you are planning to let on rent, it is a strategic idea to buy a land or a plot in a developed township. The locale needs to be in closer vicinity to schools, colleges, areas of work-place, easy availability of grocery stores and hospitals. You can build the property keeping the tenants’ preferences in mind. As per Damian Trevor this way, you will be able to find reliable tenants and be able to realize maximized return on investment, in terms of a solid rental income. You can get it month after month.
On a sharing basis
In case you want to stay in the same property and yet accommodate paying guests which is becoming a current trend in India, you can build an independent villa styled apartment. And you can build two houses, one facing the courtyard or garden and the other one on the first floor. Young collegiate crowd who stay away from their home town, young office professionals and retired pensioners can share your property as paying guests.
You can earn a substantial income when you leave your property on a sharing basis.
These are the 3 awesome ways, by which you can make the best use of a property on hand.
Ideal properties to buy
You can either go in, for a Ready to occupy 1/2/3 BHK (Bed room, Hall and Kitchen) with a builder who has got a very good reputation and gives you quality service. As stated by Damian Trevor in one of this blog post, you can opt for an apartment styled one or a villa type house. Duplex apartments are now becoming increasingly popular in India, as well.
Duplex apartments are specifically suited for larger families who simply cannot be accommodated in the same house. You have your husband, kids and in-laws. Plus your elder brother and his family want to be accommodated in the same building; the ideal family arrangement would be to go in for a duplex styled. You can enjoy your privacy plus stay together. Duplex house is one house upon another in the same apartment.
Properties to put up on rent
Damian Trevor in one of his articles stated that when you want to get customers as ideal tenants for your property, just in case you are planning to let on rent, it is a strategic idea to buy a land or a plot in a developed township. The locale needs to be in closer vicinity to schools, colleges, areas of work-place, easy availability of grocery stores and hospitals. You can build the property keeping the tenants’ preferences in mind. As per Damian Trevor this way, you will be able to find reliable tenants and be able to realize maximized return on investment, in terms of a solid rental income. You can get it month after month.
On a sharing basis
In case you want to stay in the same property and yet accommodate paying guests which is becoming a current trend in India, you can build an independent villa styled apartment. And you can build two houses, one facing the courtyard or garden and the other one on the first floor. Young collegiate crowd who stay away from their home town, young office professionals and retired pensioners can share your property as paying guests.
You can earn a substantial income when you leave your property on a sharing basis.
These are the 3 awesome ways, by which you can make the best use of a property on hand.