What's the Difference: Buying Vs Investing in a Residential Property?

By Jems Hug

Are you looking forward to starting a better standard of living? It is probably known to all that buying a new home with modern features opens the path towards a lifestyle of our dreams. We tend to choose a house constructed by a reputed builder in a better location that will meet the modern-day conveniences. Hence, when it comes to the advent of a new form of living, buying a new home is the first step that most of us tends to take.

However, is this the only thing that you can expect from a residential property? Why don't you start investing in residential properties and enjoy the benefits of the same?

With buying an apartment, you get assured ownership over the new home. However, investing in residential property generates passive income. Whether you invest in a residential flat in Kolkata or anywhere else, choose a property that will potentially guarantee you a high rate of return.

You need to check the growth quotient of the region where you are planning to invest in a residential property. If the region is lacking any sign of growth or promise, this will become a financial burden in the long run. On the contrary, a good investment, such as investing in residential flats in Kolkata in various regions (like Madhyamgram, Serampore, Tollygunge, Rajarhat, EM Bypass, etc.) will generate revenue for mortgage payments, cost of taxes, repairs, etc. through renters. It might become an essential channel for building wealth if you chalk out the perfect plan regarding the same. your planning goes well.

Here's what you need to know about buying and investing in a residential property.

Buying & Investing: Understanding the Concept

Residential properties comprise of a defined land area consisting of flats or a stand-alone home constructed for individuals or families for dwelling. These are not to be used for commercial or industrial purposes. These spaces are essentially reserved for occupational purposes and involve residential use for a long duration of time.

On the other hand, an investment property can be a long-term or short-term investment. If we consider the short-term duration, the concept of 'flipping' a house comes in the picture. In this case, the property is bought and remodeled or renovated and is sold for a higher price.

One can also generate revenue by possessing the property and renting it to others or selling the property at a time when the value has appreciated. For instance, if you buy a home in Kolkata close to the airport, good schools and colleges, the price of the property will be automatically high.

Apart from that, here are the features that differentiate both:

Buying a Residential Property

Investing in a Residential Property

Choose the correct property

Provides better living standards along with meeting the requirements of the family members

Long-term investment

Complete ownership

Possible Challenges: Prolonged bank payments, bad connectivity, poor locational advantages, etc.

Generates passive income

Caters to the growth of a region which in turn increases the value of a property for rental income or sale of property

Might be long-term or a short-term investment

Landlord enjoys the ownership of the property

Possible Challenges: Uneven flow of income, the value of the property might fall, liability for repairs and maintenance costs, etc.

We can explain this by taking a metropolitan city as an example. For instance, if you consider Kolkata, you'll come across a plethora of residential projects. Hence, whether you are buying a home in Kolkata or investing in a property, it is essential to do a complete scan of the region you are specifically targeting. Whether North Kolkata or South, it is always necessary to know which areas will provide you with the best advantages to fulfil your requirement.

Make all arrangements, do thorough research and gift yourself the best living space. -

The author has years of experience in writing and researching the real estate sector which has led her to come up with various real estate investing idea.  Here she to point out catering to buying a residential property in Kolkata. know more visit us -

This Is Your Protection, Your House And Your Mask - Stay In The House!

Upselling Home Inspections

By Gil Strachan

Cost-conscious consumers sometimes find out too late that trying to save money on an inspection can result in an inadequate report. More often homebuyers find that the advertised fees for home inspections don't always include things like basement apartments and woodstoves.

What is upselling?

Upselling is a sales technique where a seller induces the customer to purchase more expensive items, upgrades or other add-ons in an attempt to make a more profitable sale. A different technique is cross-selling in which a seller tries to sell something else. In practice, businesses usually combine upselling and cross-selling to maximize profit.

Upselling professional services?

I don't think up-selling is very good business. Pushing products or services on customers when they don't need, weren't told about or otherwise don't want them is a great way to jeopardize trust. Different people in the same profession may offer differing levels of service, and there's nothing wrong with offering ancillary services - unless the customer is induced by price, to be subsequently upsold for "important" extras in the end.

I don't think using fear is good business either.

Adding the use of fear, or gimmicky tools and test equipment or worse yet - serious tools implemented without adequate training or full understanding of the limitations of the equipment, are further recipes for disappointment. Not everyone is well-trained or conversant enough with the equipment required to perform infrared, mold, radon and other environmental testing.

Third party warranties and maintenance plans:

A home warranty reassures the buyer and provides the home inspector with a measure of protection against complaints about defects that arise after the sale closes. A home warranty is not a perfect solution to the risks homeowners face. Before purchasing one, read the fine print in the home warranty contract and carefully consider whether the warranty is likely to pay off.

Home inspectors who want to offer a warranty to a buyer, and homebuyers who would feel more comfortable having a home warranty, should also do careful research to find a reputable home warranty company that will actually pay for legitimate repairs when they are needed.

The improper maintenance clause can mean the new homeowner isn't really protected if something goes wrong and the previous owner hadn't maintained the system properly. It may make more sense to put premium payments into an emergency fund to use for any repairs that do come up.

Find more good reads @ All Around The HOUSE

Copyright Gil Strachan - All rights reserved.

Gil Strachan is a professional home inspector, representing Electrospec Home Inspection Services in east-central Ontario since 1994. For more information about home inspections and other topics of interest to home-owners and the real estate community visit http://www.electrospec.ca

How Do You Know Your Home's VALUE?

By Richard Brody 

Many homeowners, potential qualified buyers, etc, believe they know what a particular house, is worth, but, often, either, over, or under - estimate, its actual VALUE! Homeowners, seeking to sell their home, need to have an accurate idea, so they can ensure, it's priced right, from the start! Those, who are considering selling, should also, gain this knowledge, in order, to be certain, they are not, over - paying their real estate taxes, etc. Wouldn't it also make sense, for potential, qualified buyers, to know this, also, so they understand their options, within their price range, etc? Instead of trying to fake - it, it's wise to be sure! With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means and represents, and why it's an important matter, to consider.

1. Virtues; viable; views/ viewings: Know the strengths and weaknesses of the house, property, location, etc, and realize, which virtues, as well as liabilities, might impact, the value! You need a realistic, viable approach, and solution, so you better realize, if your views, align with others! In the real estate transaction, process, you will need to get quality, qualified viewings, or even the best property, won't sell!

2. Area; analysis; attitude: Let your attitude, be supportive and helpful, rather than getting in the way, of your best possibilities! Is the area, something, which makes the place, more or less attractive, to others? Instead of guessing, proceed, with the necessary analysis, based on a professionally, designed, Competitive Market Analysis, or CMA!

3. Learning; listen; listing price: Gain knowledge, and commit to learning, as many factors, as possible, which affect real estate values! Effectively listen to the professional, real estate agent, you hire, and begin, by offering it, at the most appropriate, listing price.

4. Unique; usual/ unusual: What are the unique features, or characteristics of a specific property and house, which make it, either, more, or less valuable? A desirable location, pristine, overall property, room layout/ size, etc, might add value, while specific locations, small rooms, or strange - shaped property, might diminish it! Fully consider, both, the usual, as well as unusual advantages, and disadvantages, in a well - considered, manner!

5. Excellence; emphasis; energy: Is the house, energy - efficient, and does it take advantage of any specific, trends, etc? Will you place your emphasis, on introducing the best approaches, and maximizing excellence, etc?

A smart approach is to know, the true VALUE, in a realistic way! How will you consider these considerations?

Richard has owned businesses, been a COO, CEO, Director of Development, consultant, professionally run events, consulted to thousands, conducted personal development seminars, for 4 decades, and a RE Licensed Salesperson, for a decade+. Rich has written three books and thousands of articles. Website: http://PortWashingtonLongIslandHouses.com and LIKE the Facebook page for real estate:

What Your CURB Appeal, Says About Your House?

By Richard Brody

There is much discussion about what, we, in real estate, refer to, as curb appeal, but, very little, detail, or reasons, as to why, this is such an essential consideration, in terms of, precisely, how important, and why, this is so! We need to carefully examine, and review, what potential, qualified buyers, see, from the CURB, in order to use, this concept, to the homeowner's best avail! Although, this is important and essential, I have come, to realize, in my, well over a decade, as a Real Estate Licensed Salesperson, in the State of New York, far too often, this key consideration, is, either, overlooked, and/ or, neglected. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means and represents, and why, it matters.

1. Clear; create; character; closer: When marketing and selling a house, one of the key components, is to attract qualified, potential buyers, to take a closer look, and seriously, consider, the house, as a candidate, to become their future home! Enhancing curb appeal, helps to create, a more motivating, inspiring, image, to take a further look! How can you, show - off, the best features, and character, of a house, if you can't get them, to come in? When the house, is clear of distractions, etc, more people will take a look!

2. Uses; useful; urgent; usual/ unusual; unique: Eliminating distractions lets you, demonstrate the positive, useful, uses, and strong - points, of a particular property! When it is clutter, and distraction - free, it's easier to make an urgent appeal, to prospective buyers! When the curb appeal, is a positive one, it makes it possible to demonstrate, both, the usual, as well as unusual, best features!

3. Relevant; realistic; responsive; reasonable: Instead of making a bad, first impression, make it possible, to provide a more realistic perspective, in a relevant way! Making something relevant to buyers, and doing so, simply, by taking some reasonable steps, makes, sense! Doesn't it?

4. Benefits; bring; better; best: One can use better marketing, when curb appeal, becomes a positive, rather than negative, and/ or, neutral one! If you want to bring, the best results, you will need, to clearly, demonstrate, the benefits, of your home!

Don't neglect, or overlook, CURB appeal, if you hope, to make the selling process, for your home, the best and most beneficial! Will you proceed, wisely, and carefully?

Richard has owned businesses, been a COO, CEO, Director of Development, consultant, professionally run events, consulted to thousands, conducted personal development seminars, for 4 decades, and a RE Licensed Salesperson, for a decade+. Rich has written three books and thousands of articles. Website: http://PortWashingtonLongIslandHouses.com and LIKE the Facebook page for real estate: http://facebook.com/PortWashRE




-- How to find the best and the safest available low income housing options --

When the U.S. economy first entered a recession, millions of families were forced to take advantage of low income housing programs. And, according to federal statistics, those numbers continue to increase every month.

Low income housing properties are defined as apartments or houses that are a part of some kind of affordable housing initiative, usually sponsored by the federal government, the state, the city, or a non-profit organization. Such properties offer either an income-based rental rate or a flat rental rate designed to be affordable for needy individuals and families.

While there are many helpful programs available, finding the best and safest options can be a task. In addition, it can be difficult to find the best options available to families who qualify to remain in the home that they are already occupying.

Here are the top five resources to use:

1) HUD Office of Affordable Housing (OAP)

This government agency brings federal resources directly to the state and local level for use in the development of affordable housing units, or to assist income-eligible households in purchasing, rehabilitating, or renting safe and decent housing. Learn more

2) Making Home Affordable ® Program (MHA)

This program, sponsored by the Obama Administration, is a comprehensive plan to stabilize the U.S. housing market by helping homeowners get mortgage relief and avoid foreclosure. Learn more

3) PublicHousing.com

This web site provides a listing of public housing properties across the country, and other types of housing deals. The vast majority of their listings are affordable housing bargains. Learn more

4) Affordable Housing Institute

This non-profit organization provides housing finance expertise and thought leadership to other organizations working to make housing accessible to low-income people. Learn more

5) Low Income Housing Authority

This organization produces a free online national resource that is dedicated to helping individuals and families find low income housing, apartments, shelters, and more. The web site also provides answers to frequently asked questions. Learn more

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