Top Myths about Investing in Real Estate that are Actually False

Buying a house is not something we do every day. One may do it once in a few years, once in a decade or two, or even only once in a lifetime. Despite the fact that investing in real estate is not a frequent occurrence for most of us, we generally know how it works, mostly based on our family members’ or friends’ experiences.

We do know that buying a property is indeed a big decision as there are many other things involved before buying a property, apart from the financial investment. However, there are lot of myths that surround the whole real estate concept. We have compiled some of the most common myths, which are completely untrue.

Myth 1:

You need luck to be successful in real estate investment.

Truth:

To be a successful investor in the field of real estate, you need insight, research, and some instinct. No matter whether you are a recurrent investor or a one time buyer, you need to depend on your skills, instinct, and knowledge than on your luck.

Myth 2:

You need lot of cash before buying a property.

Truth:

Of course, you need money to start with, but to buy a property, you need not have the entire cash in hand. You can apply for home loans or invest in pre-launch properties. When you invest in pre-launch homes, you need to give only an initial down-payment to book your apartment or villa, which will be very nominal. Furthermore, these properties will provide you a lot of time to organize your finances.

Myth 3:

There is a good time to buy property, and one should wait for it.

Truth:

“Strike while the iron is hot;” this proverb holds good if you are planning to invest in real estate. Prices of properties are increasing a lot, these days. Therefore, the sooner you invest the better.

Myth 4:

There are not many tax benefits when one invests in a property.

Truth:

Apart from the tax deduction on home loan interest and principal components, there are several tax-efficient ways to buy a home. For example, you will have deduction on stamp duty and registration charges, deduction on interest component, deduction on principal component, etc.

Myth 5:

Eco-friendly homes are expensive.

Truth:

Investing in eco-friendly homes add hardly 10% to the original cost, which also could be recovered over time. Alternatively, you can customize your homes to environment-friendly after buying. Furthermore, setting up terrace gardens and maintaining them are quite inexpensive.

Myth 6:

Ready-to-occupy homes are comparatively expensive.

Truth:

If bought from a credible builder like Dedhia, ready-to-occupy homes are affordable and rightly priced. In fact, ready-to-occupy homes have several benefits like tax exemption, rental savings, limited risks, price appreciation, etc.

Elita is located in Thane's prime spot Ghodbunder Road, a location with natural expanse. Elita has 22 storeyed tower and 7 storeyed eco-houses with 1, 2 and 3 BHK fully air conditioned apartments.

El canto is Thane’s 1st musical themed living. We are building an aspirational and emotional connect with a surprise. El Canto is also located at Ghodbunder Road, Thane’s hotspot.

Today, the Dedhia Group is a family of 2500 happy home owners pushing us farther into the path of excellence and dedication. Our source of inspiration and service satisfaction- our customers have always been the sole reason we dream every day for creating skylines that dot the cityscape of tomorrow. Book your dream home in El canto & Elita for a good lifestyle.  

4 Benefits of Concrete Floors for Everyday Living

When you initially think of concrete floors, you probably think ‘cold’, ‘prison-like’ or ‘industrial’. But with its ability to take on colour and a polished sheen, coupled with its many benefits, concrete may become your new favourite on future projects. Be prepared to have your mind blown by how beautiful, elegant and warm a concrete floor can look.

Here are just some of the benefits of concrete floors.

Sustainability

Concrete floors are a sustainable option if you use an existing concrete slab, avoiding the consumption of new materials. And they need not be relegated to basements or garages. Once the concrete is sanded down and polished or sealed, it looks perfectly refined in a traditional kitchen or living room, especially when layered with rugs and pretty furnishings and fixtures.

Easy care

The only maintenance required of concrete floors is weekly mopping with soapy water. We recommend installing a skirting board along with the concrete floor as well, even though you think you may not need it. Just imagine what a dirty mop would leave behind in the crevice where the floor meets the wall if there were no skirting. And it will make your choice look finished and intentional.

Longevity

A floor that has been polished and maintained can be expected to last a hundred years or more. Let’s appreciate how an aged and cracked concrete floor is not hidden under new tiles or carpet. Instead it is celebrated for the history it holds, and put on display.

Versatility

For exterior applications, silicon-based penetrating sealers can be used to avoid the wet look.

Concrete also looks nice with actual stone veneer walls. It accentuates their rustic appeal.

Concrete can be an economical and crafty choice in lieu of salvaged wood flooring. Stamping wet concrete with plank-like wood-grain imprints creates a lovely effect.

Elita is located in Thane's prime spot Ghodbunder Road, a location with natural expanse. Elita has 22 storeyed tower and 7 storeyed eco-houses with 1, 2and 3 BHK fully air conditioned apartments.

El canto is Thane’s 1st musical themed living. We are building an aspirational and emotional connect with a surprise. El Canto is also located at Ghodbunder Road, Thane’s hotspot.

Today, the Dedhia Group is a family of 2500 happy home owners pushing us farther into the path of excellence and dedication. Our source of inspiration and service satisfaction- our customers have always been the sole reason we dream every day for creating skylines that dot the cityscape of tomorrow. Book your dream home in El canto & Elita for a good lifestyle.  

Tips for First Time Home buyers

Buying anything for the first time of huge investment often leads to uncertainty and anxiety. Out of the basic needs food, clothing and shelter, shelter is a colossal investment which is usually a daunting process. Since the real estate condition is on revival mode, plethora of residential options has cropped up. With increased choices, confusion also gets amplified. Generally, the confusion is between price factor, amenities offered and location.The puzzlement gets doubled after listening to different suggestions from friends and families. Since home-buying is a lifetime investment, very thoughtful decision has to be made. Not only about the present situation, even the future perspective, should be considered.

So before you sign the home-buying agreement, go through the below tips which would certainly lessen your confusion and also help you to opt for a better choice. Expert advice is a must before taking such huge investment decision.

Budget:

How much can you afford? You need to decide on this first. First time homebuyers goof up with the budget, they fail to understand that this is the stepping stone for successful home-buying. Buying cheap home can in fact lead to expensive decision. You might need to pay additional charges for security, furnishing, interiors etc. this will affect your budget. Thus utilize you budget properly. Check if the home matches your expectations and also fits your budget. If you find an affordable home, check how much you additional finance would be needed to make the space comfortable and secured.

Location:

After price, location is a crucial factor to pay attention to. You need to choose correct location, check all the basic necessities are available within the residential premises or in proximity. You need to think wisely, a larger home in outskirt or a small residential space in hotspot, which would be favorable for you. If you opt for outskirt, consider the future aspect. Will the location develop in coming years or benefit you with good returns in future, you need to consider all these factors before investment.

Scrutinize your needs:

A particular residential project might offer luxurious amenities while other might offer security features, you have to decide for yourself what you need. For example, if you live with an elderly person and opt for 9th floor apartment with no power backup facility, will it be a good decision? In such situation, power backup facility or down floor apartment should be your need. Also paying for features that are not useful can be a bad investment choice. Sit down and scrutinize housing needs with your family members.

Financial options:

Buying home as we know is a huge investment thus the potential buyer might not posses total cash thus in such situations, home loan comes into picture. The home loans offered by different financial institutions may look similar but you need to identify their profit maximization objective. Opt for home loans that suit your need. If you clearly understand the fine print of your housing property then you will be able to determine the cost.Your first time home buying experience will turn out to be memorable and happy by following the above guidelines. It will positively help you in home buying decision.

Elita is located in Thane's prime spot Ghodbunder Road, a location with natural expanse. Elita has 22 storeyed tower and 7 storeyed eco-houses with 1, 2and 3 BHK fully air conditioned apartments.

El canto is Thane’s 1st musical themed living. We are building an aspirational and emotional connect with a surprise. El Canto is also located at Ghodbunder Road, Thane’s hotspot.

Today, the Dedhia Group is a family of 2500 happy home owners pushing us farther into the path of excellence and dedication. Our source of inspiration and service satisfaction- our customers have always been the sole reason we dream every day for creating skylines that dot the cityscape of tomorrow. Book your dream home in El canto & Elita for a good lifestyle.