Benefits of Independent Villa

Benefits of Independent luxury Villa

Benefits of Independent Villa

One of the most important and basic reason why purchase Independent luxury Villa to live is, you shall get ownership rights on the plot on which the house is build.  It is true in present scenario independent villas are somewhat costly as compared to apartment of same segment. It is because now on that particular plot only one house is being constructed. There are too many Benefits of  Independent Villa but some are listed hereunder 

Benefits of a Villa

1. Plot Ownership

Here with house, buyer also get the ownership rights on the plot on which the villa is constructed. The meaning of this is, owner of the property will be having all rights on the roof of the house. Here owner is free and can construct a floor on the roof of the house.

2. Complete Safety

Being the single floor house, it is quite safe as no one else other than the owner of the property has access on the property to be used as a passage. It is not a common passage rather a completely private occupancy.

3. Total Privacy

As no on eels has access to the property to use as a passage means the privacy of the owner of the property is completely honored. Residents of the property are the only persons who can use the property hence they can feel secured in a luxury independent villa.

4. Rights on the Staircase

In an apartment, normally staircase or lifts are common for all the apartments on all the floors. In a Villa, staircase are the sole property o the owner of the villas means, no one else can use the staircase of the villa. The problem of cleaning the staircase in apartments is a big problem which not a problem in villas.

5. Rights on the Rooftop

Owner has all the rights on the roof of the villa. If in future owner wants to construct a floor on the roof, he only needs to get approvals from the authorities to construct a floor under pre-defined guidelines. Once he gat the approvals /NOC from authorized govt body, owner is free to construct the floor on the rooftop.

6. No Parking problem

Normally in independent villas, porch / car parking space is separately available inside the boundary. Owner can park his vehicle in his private parking space. Generally, in apartments it is also available but in any open parkin g space where security of vehicle might be a risk.

7. Return on Investment

Generally, Villas are expensive as compared to any apartment of same specifications. Resale value of Vilas are again much higher as compared to any apartment. Appreciation on investment is normally quite high for villas. Example, resale value of 3 BHK Villa will be much higher as compared to 3 BHK apartment of same area.

8. Symmetry in Front Elevation

In any housing society like Prakash Residency, front elevation of the villas remains common. It looks beautiful when seeing from front of from the side.

9. Pride in living

It always gives sense of happiness when living in some good housing societies like Prakash City or Prakash County. When it is a Villa then this happiness gets multiplied. Living in a Villas has become the pride symbol.

10. Relaxed life

Every time no need to take stairs or a lift for reaching home. Villa are located at ground floor hence residents lives comfortably there. Only if required, use staircase to go to rooftop.

During this pandemic time, using lifts to reach an apartment was the most dangerous situation as no one knows who previously have used this lift. People, living in a villa were certainly safer as compared to the residents living in muti-story buildings

Tips to Buy a home in Prakash City Kashipur

Tips for First Time Home Buyers

Tips for First Time Home Buyers

Here we are trying to give some the tips for first time home buyers. Though these are not mandatory but still can help you a lot.

Everyone has seen the advertisements with some very beautiful photographs like House for sale, Property for sale, Luxury house for sale and many such things. We do have psychology to go through such ads. Whether we want to purchase a house or not but it always attracts us and many time such ads give us the reason and courage to plan for buying a house for the family. Without the factor whether you are a First time home buyer or already having a house, such ads make everyone impulsive to buy the home.

Owning a home is everyone’s will and also has become a necessity. But as soon as one starts thinking to purchase a house, a confusion also starts in the mind about the house to purchase. It is not a problem but a common syndrome. So, no need to worry about it. Just follow some guidelines before jumping any decision. These are not only the analysis but also the tips for First Time Home Buyers

Basic Things to understand while purchasing a home

Purchasing a house is not a routine shopping like went to market and picked one house. It’s a matter of life and future. If in hurry or in the state of confusion bought a wrong house, it will become a cause of tension for the remaining life.

So, what to do?

Before jumping any decision, it is always advisable to make a list you want from the new house, your needs and investment and budget you have for the new house.

Here you must understand the difference between Wants and the Needs you are listing for a new home.

Wants are unaccounted these may be anything including space, rooms, location, type, interior, garden or may be any thing else that may fall into luxury.

Needs are the least things the new house must have that can fulfil your immediate requirements with a provision for future lifestyle in a comfortable mode.

But it is always advisable go beyond the needs towards wants. Why? Because today what looks difficult tomorrow will become approachable as you will also get growth in your income.

 

Particular

Need

Want

Location

Approachable Good Location

Approachable Good Location

Environment

Best

Best

Rooms

2 BHK

3 BHK / 4 BHK / Duplex Villa

Kitchen

1 Big

1 Big

Bathroom

2

2

Bathroom Accessories

Good

Best

Living / Dining Room

Yes

Yes, Big

AC Provision

Yes (Wall and Room AC)

Yes (Wall and Room AC)

Storage Space

Yes

Yes

Washing Area

Yes

Yes

Balcony / Terrace

Yes

Yes

Parking

Yes

Yes

Garden

Yes

Yes

Financial Health Assessment

It is always advisable to list out the features you want from the new home and that list has now been prepared. Next important thing that comes now is the financial health assessment. Because purchasing a new house is a capital investment and it is always good if before jumping any decision, check it properly.

List out all liquid and equity you have including recurring long-term liabilities like Investment instruments (Insurance, SIPs, PF etc) and routine expenses like Education Fee, Monthly house hold expenses, health expenses, unforeseen expenses like travel, function etc.

Based on all this analysis you can prioritize your immediate and future requirements from a house.

Buy from a reseller or a Newly constructed house

Purchase form Reseller

It always depends on circumstances and the need of both, seller and buyer. If due to any genuine reason seller is in a hurry to sale, you may do a good bargain before finalizing the deal. But here in such condition before finalizing the deal it is always advisable to check all legal implications with the house like if it is a mortgage property? Any legal court case is pending against the property? Seller is the actual sole owner of the house? Is there any family dispute on the property? Sellers posses all the legal rights to sale the property? If any government dues are pending on the property? Etc…

Buying a old home from reseller may also require many other expenses like renovation according to your use. If this total cost of purchase and renovation and repair work is under the money you are saving as compared to purchase a new home then it may be a good idea but only if all other needs from a house are getting fulfilled.

One more thing is there if you cannot afford the burden of such renovation and repairing work then purchasing an old house is not a good idea. It is why because either you shall live in that unrepaired house or may borrow a loan for getting repair.

Chances of forgery are extremely less if purchasing a newly constructed house from any housing society builder who is following government norms to build and sale residential houses to individuals.

These houses may be bit costly but constructed in a well-planned way, defined by the Govt guidelines.  Such housing societies will have a symmetry in design and construction quality.  Interior and exterior of all the houses will be same. Normally they do not honour any request that require any exterior design change as it hurts the symmetry of construction. 

Is the Location Important

Location is the most important factor while selecting a house. Generally, you should opt the location from where schools, market, hospitals like infrastructures are in near by location. There should be a good public transportation facility available.

It should have facilities for little, growing children to play. A location where senior citizens can do morning and evening walk with comfort.

Can I let the House on Rent

If you want the rental income from house, what is the prospects of letting out the house on rent. If this is a good location and can give me a good second income then it is a good option to purchase the house. In long run rent may increase too.

Can I get higher return on my property

There two options that may give a good addition to your house…

Prompt Location

This is the location which is already developed and after a period of time will give a good return to your invested value. But one thing is for sure it will require a good investment too.  One more thing is there, chances are high it will not give good returns as you expect as it may already facing saturation and will get less people who may be interested in such high-cost residents.

Developing Location

Here chances are much higher you may get a good return on your present invested value. It is because you are purchasing it on less value as till now it is not a fully developed location but once will get fully or largely occupied, people may start taking interest in such locations. It is because still the cost of the property will not as high as the locations which are already developed and facing saturation.

So, it is always advisable before going to purchase a house, consider all the facts mentioned above. Though every time these are not correct but still at large will help you in taking a good decision.

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