Buy New House
A checklist of things you need to do before you buy your own new home, especially with new normals in the work place.
Sure, you have thought about buying your own new home, making memories in your dream home! And, we have also discovered the ease of work-from home too, though we may need a larger home with everyone staying in.
What Is Rental Property?
A rental property is a residential or commercial property that’s leased or rented to a tenant over a set period of time. There are short-term rentals, like vacation rentals, and long-term ones, like those under a one-to-three-year lease.
As long as it has living accommodations, such as a toilet, cooking facilities and somewhere to sleep, then it is classified as residential property. The investor must rent the property, or intend to rent the property, to tenants under a lease or rental agreement. Generally, the tenants must be third-party tenants.
Selling A House
Make a plan for listing, showing and selling your property. Determining the selling price and property inclusions come next. Property’s location, size, age, and features will be assessed, According to the current market and area trends. Agreement with your agent.
When preparing to sell a property, the first place to start is with collating all your legal documents such as your Certificate of Title, code of compliance documents from Council, insurance documents, electrical warrant of fitness, architectural plans, any building inspection reports, receipts for improvements such as a new roof, any new plumbing upgrades, solar panels installed or insulation upgrades.
Buying or Selling a Plot?
Plots are scarce in big cities, though you can still get a good piece of land in smaller towns or even the peripheries of the cities. If you are planning a loan, then a land loan can be availed that are offered by banks for the purchase of residential plots. Some banks have a clause that requires the buyer to start construction within six months of land purchase. So, it would be advisable to plan your future course beforehand. You may procure a personal loan, but that might be a little more expensive.
To sell plot online, my advice to you is to either list your property online on real estate websites, spread the word around or contact a broker. You can ask your neighbours to keep an eye for any buyers, similarly, a broker will get buyers for your land but they charge a certain percentage of the sale amount.
Society Redevelopment
Redevelopment is the process of demolishing an existing building altogether and constructing a new one. It is a massive undertaking that requires a highly proactive and careful approach on behalf of the housing society.
Redevelopment is any new construction on a site that has pre-existing uses. It represents a process of land development uses to revitalize the physical, economic and social fabric of urban space.
