8 Issues With Buying Rental Property And Becoming A Landlord

Buying an own a property is everyone’s dream. Every single person wants to have their own house and much more property in terms of wealth as well as status. But in present scenario buying a property is very difficult task. As the market rate for purchasing any property is very high. Also buying a property is a life time investment for any person. Before buying you should consult a real estate agent as GIRISH NAVNATH AVADH does. After buying a property you can make it rental for earning purposes. It costs nothing much but make earnings a lot.

GIRISH AVADH PUNE tells us some issues with buying rental property and becoming a landlord:-

For buying a property we need a capital investment which is compulsory for everyone. You have to look upon your own status for purchasing firstly. After buying a property we have to spend a worthy amount to make the property rental if it is damaged, portion of the property should be remolded. Repairing work such as for foundation, wiring and plumbing also needed. Whether the property is damaged or not you have to make up it according to the necessity. As a landlord you have many responsibilities regarding your rental property. According to law if any damage is occurred you have to repair it quickly.

Rent collecting is further an issue. That creates headache every month. If the paying guests or tenants are good they pay their rent on time. You don’t have to call them for paying rent. But if they are not good they  creates dispute in giving rent. Having a comfortable environment in dealing with tenants is must before start renting. At first tenants will agree for every conditions of landlord but later surprisingly many problem arises. GIRISH AVADH as a landlord faces many problems such as calling tenants for paying rent, putting stains on floor, uneven drilling on walls and paintings made on walls and floors. Fighting tenants with one another is another problem due to which many landlords suffer a lot. Evection is a solution for such cases. Maintaining property properly and paying taxes is another way of becoming peaceful landlord.

Decorate Your Home

A new home is your craft book you can transform it into a perfect masterpiece using your imagination and creativity. And Girish Avhad Pune helps you do just that.
The basic thing would be to paint your walls of course not if you are living in a rented accommodation. Color the room either according to the purpose or according to your personality.

If you are more bubbly and funny you can go for bright and happy colors like golden or pink . The best part is, it will not be permanent so feel free to be your self and be innovative.

What one can try is a contrast of colours like three walls a lighter shade may be yellow and the fourth one red. One wall of totally different color or accent is a great idea. A wall can be a mirror to your own self, your own personality.

Trying new furniture could twist the look of your home too. Mix and match sets like four sofas of different colors or a dining table with all chairs of different pattern can become a trend setter.

One important aspect of every home is storage. We all struggle inside the store room, under the beds etc. Books and shoes are some of the items that often need to be stored safe and secure. Good news is very stylish and chic furniture is available for storing daily needs items.

Revamp your house interiors by coloring old furniture if you can’t buy new one at the moment.

Changing flooring in accordance with the furniture is also a great idea. Move your furniture to new places just to see how they look there and then compare.

Artworks really brighten up the space. Using good artwork can fulfill your dream of a perfect make over.

A trip down the memory lane is always welcome and refreshing. So hang those memories all around to liven up the room.

Floating shelves are really in these days they are practical and useful they can be used to keep almost everything from books, vases, photos etc. The collection at Girish Navnath Avhad is just precise for every body’s taste and style.

Lighting your home accordingly is very crucial a bright room reflects positivity.  You can try combination of lights that goes with your wall colour and rugs.

Girish Avhad has just what you think you’d need to turn the look of your house around.

12 IMPORTANT DOCUMENTS TO CHECK BEFORE BUYING A NEW PROPERTY

Property whether being bought for keeps or as an investment should be taken seriously. Dealings in property do not provide any scope for any negligence. Girish Avhad Pune helps you ensure that you are buying what is right!

There are certain thumb rules to be followed while buying a property be it an independent bungalow or the most desirable duplex apartment next door.

Keep these in mind before you take the plunge:

1- MOTHER/PARENT DEED

As the name suggests it is an essential document stating the change in ownership if any of a particular property ever since it's construction. The change in ownership as recorded in the deed should be continuous. In case of any gaps the buyer should consult the registering office for clarity on the same.

2- SALE DEED

This document will attest the sale of the property from buyer to seller. The buyer should seal the sale deed only after thoroughly going through the terms as agreed upon by both the parties.
All the outstanding bills etc should be cleared by the seller as on the date of the deed.

3-COMMENCEMENT CERTIFICATE

This is only for properties that are under construction. Before booking a property in such a case it is wise to ensure that the builder has a certificate by the local authorities to begin construction work at a given site. The absence of which may also result in levying of penalties or in some cases even an eviction notice.

4- CONVERSION CERTIFICATE

This is for properties that come under agriculture sect. In such cases the owner is required to submit the documents required to convert his property from agriculture to non agriculture land.

5- BUILDING APPROVAL PLAN

The development authorities of a state after scrutinizing the permissible dimensions etc of a building grants permission to go ahead with the project. It is very important that a builder gets his building plan approved for a smooth construction as well as selling experience.

6- KHATA CERTIFICATE AND EXTRACT

It is mandatory to obtain a khata certificate to register or transfer a property. Khata extract as the name suggests is to collect the details of a property from the assessment registrant. There are two kinds of khatas. One is A khata and the other is B khata. A has properties legally constructed and having met all the formalities etc. B on the other hand are properties that violate the construction rules in some way. It is better to investigate this about your desired property and go for A khata property.

7- BETTERMENT CHARGES RECEIPT

Also referred to as improvement fees it is a one time fees to be paid to the development authorities before the issuing of a khata. While buying a property don't forget to ask for this receipt.

8- POWER OF ATTORNEY

The owner of the house can either give a special power of  attorney or general power of attorney to the buyer. This attorney is a written proof of transfer of authority of a particular property.

9- ENCUMBERENCE CERTIFICATE

This certificate helps to identify any mortgage  or other transaction made on the property. The copy of sale deed is to be given to obtain an EC.

10- COMPLETION CERTIFICATE

This certificate is only applicable to a property that is already constructed. It signifies that the property in question is in compliance with all the rules and regulations of building construction. Receiving a home loan gets easier with the possession of this certificate.

11- OCCUPANCY CERTIFICATE

As the name suggests this certificate is applied for by the builder once the construction is complete. The authorities thereafter check the state of the property to be moved in and passes it if it meets the stated norms.

12- LATEST TAX PAID RECEIPT

The buyer should make sure that the seller has cleared up to date tax, electricity, water and other bills. If the seller fails to show the original copy the municipal corporation of the area should be contacted to ascertain the same.

Girish Avhad helps you sail through all these formalities and much more with ease. Girish Navnath Avhad is well known for its expertise in property sale purchase and brings you the best always.

Home Construction Tips

Constructing a home is a rather lengthy and tiresome process than one imagines it to be. However, having the knowledge of various steps involved in the construction of a home can clear some clouds. Read on to know the steps to constructing a home given by Girish Avhad :

Foundation

The initial step in the construction is laying the foundation which is the groundwork structure that holds up a house. The proper construction of foundation is essential to prevent any future disaster that could tear your house. This stage involves excavation the ground, framing limber for different sections and pouring concrete into each section. The foundation can take one week to set, after which the form boards are removed, and then the stage of framing starts.

Framing

Framing is the underlying structure of the house just like a skeleton is of the human body. Framing is done to give the initial start to the construction of rooms, doorways, and windows by installing the lumber frames.

House Wrap

Your house can suffer from extreme damage due to certain climate risks such as moisture which causes the interiors of your house to become moldy and wet. House wrap is a protective barrier installed to prevent the development of mold and wood rut caused by climate changes.

Enclosing Your Home

The next step is consisted of enclosing the home by installing exterior shielding, shingles, roofing system, doors and windows.

Mechanical Installation

Mechanical installation is a crucial stage in the construction of a house as at this stage, all the work regarding mechanical components and wiring is done. Venting, ductwork, and HAVC system is also installed in this stage.

Drywall

After mechanical installation, the next stage is consisted of placing drywall also known as plasterboard. Drywall is used to make interiors walls and ceilings and it is the prevalent alternative to traditional plaster technique which takes longer time to get dry.

Interior Design

This is the most creative and exciting stage of house construction. Interior designing of house consists of designing and selecting products that go into various rooms and kitchen such as flooring, cabinets, countertops, lighting fixtures etc.

Girish Avhad is a Pune based real estate agent and self-made entrepreneur who has used his management skills in creating his business to become one of the most outstanding Indian businessmen.

Tips for Living in a Small Space with Kids

Living is a small apartment is never an easy thing to do even for a couple, and if a child or two is added to this equation, you are surely to end up with a great headache. Therefore, Girish Avhad hereby gives you a few tips on how to live in a small place with kids to enable you to make most of what you have:

Don’t Store What’s Not Needed
Art pieces by your kids, or old souvenirs you bought while touring with your spouse may mean a world to you, but don’t let them take up the extra space. Start throwing out the things you don’t need.

Downsize the Items You Have

Usually every household has a lot of extra home appliances that they don’t really use or whose function is well executed by other appliances too. Declutter your house by preparing a list of items you have and removing the items which are not in use or not required.

Don’t Have Multiples

It is great to have multiples of everything you own, shoes, towels, cups and even random showpieces until they start cluttering your home. Get rid of the habit of buying everything in multiples and try to use those items which can be useful for everyone in the family.

Store Everything in Baskets

How much you try to reduce your household items, there is always a bunch of stuff that cannot cut down, especially when you have a kid. So what you can do is store everything in baskets to keep your house clean and economically use the space.

Think Vertical

Install high display shelves and store items such as toy, stuffed animals, clothes etc. in them. This kind of vertical arrangement allows the optimum use of less space and gives a nice look to your house too.

Use Multi-Purpose or Foldable Furniture

Furniture is required no matter the size of your house and number of people living in it. Therefore try to find alternative furniture items that are either multipurpose or foldable such as futons.

Make Use of Community Places

Trying to manage everything in a small house all day long is tiresome. Expand your home to include community spaces to catch a much needed break and get access to interesting opportunities and space. Go out and use community places like parks, libraries for entertainment and recreational activities.

Benefits of Buying Home

Though owning a home is everyone’s dream, buying your own home is a huge financial responsibility for everyone involving a lot of pressure and doubts. However, if one educates oneself before buying a house and takes help of professionals, buying a home can prove to be a very beneficial action.

So even if you have some doubts, Girish Navnath Avhad hereby presents you with a list of benefits of buying your own home that will clear all your doubts in a second.

• Buying your own home can provide you with the greatest financial security. Instead of paying off your rent every month and not getting anything out of it at the end of day, you can actually own a home with that money. A great sense of independence can be achieved with your own house.
• Monthly input of money in housing is stable unlike renting. For your monthly payments are of fixed amount unlike your rent, which increases with the time and change of place.
• Buying your own home is a solid financial investment for it provides steady returns which are unaffected by erratic movements in the stock market. Therefore, by investing your money in a house instead of stock market, you can ensure safe and steady returns on your investment.
• Buying your own home enables you to generate more savings for the value of real estate increases rapidly and constantly for the growth of your value’s property exceeds your ability to save. The percentage of increment in a savings bank accounts is definitely lesser than the increment of your property’s value.
• Buying your own home is also beneficial in terms of building equity. Equity is the amount of which you can sell your house for minus the amount you still owe to it. Your monthly payments or EMIs deducts the amount of what you owe which consequently raises your equity.
• Buying your own home is a great long term investment for your house can make up for a good rental property in future. In this way, you can your house as source of second or first income during old age.

Girish Avhad is a well-known real estate agent and self-made entrepreneur who with his hard work and dedication became the most renowned businessmen in India.

know-how of house purchasing

The process of buying a new home can be overwhelming for most people as purchasing a home is probably the biggest financial decision of anyone’s life. However educating yourself about the essential know-how of house purchasing and the consultation of professionals can lower the risk rate involved in the purchasing of house.

With the experience of decades, Girish Avhad hereby presents you with 10 steps to buying a house:

1. Find Out the Benefits of Investing in a House 

You should try to find out the benefits of investing in a house if you are a first time buyer or already owns a house. Buying property is usually a good investment option than saving it in a bank account. However, if you are already running low on money, then buying a house might not be in your best interest. 

2. Review Your Financial Health

Investing in a property, demands a large sum of money whether you pay for it all at once or in installments. Determine how much price you can pay. Look at your income, amount of savings and how much is left over in your savings and investment accounts that could go toward a down payment.

3. Decide a Budget

After you have thoroughly reviewed your financial health, you can now make an informed decision about your budget. Setting a budget beforehand can help you to check yourself later from wasting your time.

4. Find the Right Real Estate Agent for You

A good real estate agent can provide you with helpful information about the available houses, current price in market and what constitutes a good deal.

5. Decide on a Vicinity
   

Deciding the vicinity where you want to buy a house is one of the major decisive factors in the selection of a house. Try to find out about the areas you are interested in. find out the distance of those areas to your office, and the time and money that would go in commuting.

6. Start Visiting Houses

Once you have decided one or more areas, start visiting available houses. When you visit houses make note of their price, check out the little details and evaluate the neighborhoods.

7. Decide on a House

Decide the house you are interested in considering the notes you made while visiting them. You can revisit one or more shortlisted houses to reconsider your choice.

8. Get a Home Inspection

Your real estate agent can arrange for an inspection after you decide a house and your offer is accepted by the seller. The inspection gives you a chance to renegotiate or withdraw your offer without penalty if the inspection reveals real damage.

You can ask the seller to fix the house and later check if the agreed upon repairs have been made satisfactorily or not before closing the sale.

9. Choose Your Loan

If you are planning to buy a house on loan, you can consult various bakers about the best loan program that would suit you based on your income and savings.

10. Complete the Paperwork

The last step in buying a house involves majorly paperwork. It is generally taken care of by real estate agents. Once you have established the terms and signed all the papers, you can happily move into your new home.

Girish Navnath Avhad is a Pune based self-made entrepreneur who with his remarkable skills in management and business has created a niche for itself in the business landscape in India.

How to Build a House

Building a house demands dedication, remarkable skills and familiarity with the whole process irrespective of who you are making it for, yourself or some client. So if you are planning to build a house or wondering how your house was built, here is a list you can go through:

1. Finding a location

The first step is to find a perfect location for your house. There are certain things to consider when you are choosing a location:

• Ground Stability: Check if the landscape of that location has good ground stability for the houses built on shifting sand, mucky soil or on unstable grounds can fall as such lands do not prove supporting for making solid foundations.
• Availability of Utilities: To live in a place, you need utilities like water and electricity. So before you make your decision, check if these utilities are being provided in that area or not.
• Connectivity: Connectivity to other nearby areas and cities through roadways, railroads is an important factor in case you are looking for a place outside city.
• Community Infrastructure: Make sure that the area has community infrastructure like hospitals and schools.

2. Design your house

After you have decided a location and bought it, the next step is to design your house. Consult a professional architect who has experience in designing the kind of house you want to build. Professional architects and engineers can provide you with great insights on how to efficiently make your house within your budget.

While designing the plan for your house, it is necessary to consider a few things:

• How many rooms you want.
• Where you can place windows to maximize ventilation.
• Where and how you can construct utility areas like kitchen, bathroom and garage so they can be easily wired.

3. Building and installing

Once you have prepared a blueprint of the house and got necessary permits for it, you can start the construction process which involves:

• Preparing the ground for foundation by excavating the land and pouring concrete on it to evenly distribute the weight.
• Installing floors and building walls and roof of the house.
• After that the work of building the interiors of the house is started.

Save your Bucks with these Construction Tips

Nobody wants to pay more than necessary and cutting on expenses seems always a great idea when you are building a house because construction is quite an expensive affair and it burns a big hole in the pocket. Only the experts know how to save money on construction. So Girish Avhad is giving you some tips that may help keep your building budget within reason without compromising on the home you want.

·      Consider a so-called problem lot — a hillside, narrow or in-fill property. Generally, these types of lots are not as desirable as others, so they don’t sell as quickly and often go for a much lower price. With the right plan and a capable contractor, however, a potentially difficult lot might be perfect for your new home.

·      Buy low-maintenance building materials — vinyl siding and metal roofing, for example. Even if they are somewhat more expensive at installation, they will pay for themselves in the long run as you won’t have to repair, replace or repaint.

·      Collect salvaged materials from demolition sites. Old barn wood, used bricks and distinctive wood doors add inexpensive character to a home without exorbitant cost. Many times you can have the materials at no cost, as long as you’re willing to haul them away. Just be sure to check first with the owner of the building being demolished.

·      Splurge only on those things you truly cannot live without. However, don’t skimp on structural components or doors and windows — for the safety and security of your home, you’ll want to purchase the best you can afford in these areas.

·         Monitor construction allowances as the home is being built to ensure you’re getting what you asked for and are paying for. This includes decorative details as well as structural elements. If you and your builder agreed, for instance, that a particular brand of insulation would be installed, don’t accept a lesser brand — at least not without a cost adjustment.

·       If you really want ceramic tile or hardwood flooring but feel you can’t afford it right now, consider vinyl flooring. Vinyl makes a good underlayment and the tile or wood can be installed right on top of it at a later date.

Girish Navnath Avhad is a renowned real estate agent and prominent constructor.

No Room for these Mistakes while Hunting for Home

Purchasing a house is no child’s play and when it comes to buying your first home, it surely is a task. Being inexperienced, it is far from abnormal to commit mistakes. Because there’s an emotional string attached, we tend to think emotionally rather than taking rational decision. Yes, we know that making mistakes help us learn better but it is not like every day we go and buy house. So it is wise to avoid as many mistakes as we can.

Today we are going to tell you about these house-hunting mistakes only as told by Girish Navnath Avhad who is a well-known real estate agent.

·    Do not ever fall in love with the house you cannot afford. Yes, it may sound rude but it’s for your betterment only because once you have fallen in love with that house, it’s hard to go back. You begin dreaming about all the luxuries and comforts of that house. But it’s certainly of no use when you know it is out of your reach. You would only end up hurting yourself.

·     When it’s been a while looking for your suitable house and you still could not find one, it becomes very natural to become desperate. The feeling of getting into your new house grasp you and it is so over whelming, especially when you see you are getting outbid on the houses you want. Do not take decision in haste and settle down for anything you may later on regret.

·     Because of the reasons stated above, you might be tempted to ignore major problems with the house that will be difficult, impossible or expensive to alter in future. Consider your options carefully before making any commitment. Wait until something better comes along. New houses come in the market every day for sale.

·      In a hot market, it may be necessary to pull the trigger very quickly if you find a home you like. However, you have to balance the need to make a quick decision with the need to make sure the home will be right for you. Do not just rush to put in an offer. However, do not take too long in your endeavour of balancing either as losing out on property you were almost ready to purchase can be heart-breaking.

Shed your notion of dream home and make a rational choice by avoiding these mistakes.

Tax Benefits of Purchasing your First Home

Purchasing a home has its own share of advantages. You have full freedom to decorate it the way you want, you can setup a rocking home theatre or perfectly customize your wardrobe just the way you like. Apart from these benefits, buying your first home has some financial benefits too. It can reduce your tax outgo. The most favourable tax treatment that comes from owning a house is in the form of deductions. Girish Navnath Avhad, a well-known real estate agent, is telling about different deductions applicable to first time owners.

·         Deduction on interest – If you own one house which has been bought on a loan, you can claim deduction of up to maximum 2 lakh on the loan’s interest in every financial year. If your annual interest is lower than 2 lakh, your deduction is limited to your annual interest. You must be an owner of the property to claim this deduction and also a borrower in the loan. Having ownership in the property is a prerequisite to claiming all the tax benefits on the property.

·         Deduction on pre-construction interest – If you have taken a loan for a property which is under construction, deduction is available on interest which pertains to the financial years before the year in which the construction is completed. Sum up the entire pre-construction interest and claim it in five equal instalments. This deduction is included within the overall limit of 2 lakh that can be claimed by owner of one house that is vacant or used for residential purpose.

·         Deduction on principal repayments – In your EMI, a certain portion is paid towards interest and the remaining goes towards principal. Sum up the principal repayments from your loan repayment schedule for the year and claim that as a deduction under Section 80C. The maximum amount which can be claimed under section 80C is one lakh and fifty thousand and principal repayments are allowed within this ceiling.

·         Deduction on stamp duty and registration charges – Deduction is available on the stamp duty and registration charges as well that are paid on purchase of a property. This deduction is also covered within the overall limit of one lakh and fifty thousand. It can be claimed in the year in which these payments are actually made.

However, there are some other conditions too which must be met to claim these deductions. Making the most of these deductions can be a significant saving avenue for the common people.

Buying a Home? Look at these Useful Tips!

Purchasing a home is an intimidating task. It is that long-term investment which has to be made wisely post extensive research and intricate thought process. You have to ponder over umpteen number of things before spending your hard-earned money on your fundamental necessity of shelter. However, a home is not just a basic need but that place with which you can relate to. Feelings of comfort, convenience and closeness are indispensable at home. So, today one of the most prominent constructors, Girish Avhad is giving you few tips if it’s your first time that you are going to buy a house.

·         Decide that what kind of home is appropriate and most suitable according to your needs - a typical single family house, a multi-family building, a townhouse, a villa or a condominium. There is variety of options form which you need to choose from. Each option has its own set of pros and cons, depending on your ownership goals.

·         Next step is to determine that what specific features you need in your ideal home. A home is one of the biggest purchases of your life and you deserve to have both wants and your needs met by that purchase as much as possible. They can vary from size of your home to adjacent neighbourhood to your modular kitchen with essential appliances.

·         The next significant factor is to know how much home loan you will be qualified for. Get an idea of amount of money a lender is willing to give you for first home purchase. Many factors are taken into consideration by lender like your monthly remuneration, other debts and duration of your current job.

·         Look for a real estate agent who helps you find a home and guides you through the entire process of house hunting. He helps you locate homes which are within your range and fulfil all your needs too. He also helps in negotiating the price of the house you’ve chosen in addition to getting you loan and completing all your paperwork.

So, now that you know what points to bear in mind before making that big purchase, what are you waiting for? Go on and purchase house of your dreams!

How to Practice Eco-Friendly Real Estate

Not being limited to environment, the electricity consumption has grown so high that people has actually started paying huge amount of money on the name of electricity bills. Therefore Girish avhad provide you some tips which can help you to bring down the denominator of power consumption and making eco-friendly estate.

It is to no surprise that we are highly inclined to all the conceivable diseases in the world. We are so fine with making everything unhealthy, that it has turned into a noteworthy issue which has been affecting our health adversely.

Also not being restricted to environment, the power utilization has developed so high that individuals have really begun paying immense measure of money as electricity bills. Therefore to implement and make changes Girish Avhad advises you to adhere to some measures for an eco-friendly house.

Administer a Power Audit

Generally we don’t comprehend the premise of an issue. However distinguishing the machines which are the most power consuming can offer you some assistance with reduction on power bill. When you know which is the one appliance that is consuming enormous electricity you would be able to take adequate care of your power consumption. In the event that you can’t see, then you can enlist an expert in light of the fact that we know it is difficult to really see where most electricity is being consumed.

Replace Incandescent Lighting

Incandescent bulbs are one of the most common and heavy consumers of electricity. Therefore if you are trying to make an eco-friendly house then you must replace these bulbs with compact fluorescent bulbs. Fluorescent bulbs help saving upto44% of energy. Surprisingly keeping tube lights neat and cleans also enhances the reduction of energy.

Incandescent bulbs are a standout amongst the most widely recognized and substantial consumers of power. In this way if you are attempting to make an eco-friendly house then you should remove these bulbs and replace them with compact fluorescent bulbs. Fluorescent bulbs help sparing up to 44% of vitality. Surprisingly keeping tube lights neat and clean additionally upgrades its consumption.

Change the Cooking Appliances

Coking appliances are extremely massive consumers of power. Therefore switch to the ones which consume less energy. Also try replacing old appliances with new appliances as old appliances consume more energy. It is advised to use a microwave instead of an oven; comparatively a microwave consumes up to 40% less energy than that of an oven.

These are some effective measures which can help you make your house become eco-friendly. Furnish it in such a way that it consumes as less power as possible. Using less power will not only enhance your living standards but will also magnify your health.

Coking appliances consume immense electricity. In this way change to the ones which expend less energy. Additionally take a stab at replacing old apparatuses with new machines as old machines consume more energy. It has been stated that utilization of microwave is relatively better than an oven; as a microwave consumes up to 40% less energy than that of an oven.

These are some compelling measures which can offer you some assistance with making your home get to be eco-friendly. Therefore using apt furniture and appliances can definitely help you save electricity.

Girish Avhad is all set to introduce the very required and wanted technique of making eco-friendly house. Not only for less bill but keeping sustainable development in mind. Saving now will let our upcoming generation live. So make sure you implement the required changes as soon as possible.