Property Development

House Or Apartment, How To Make A Choice?

Submitted by: Ankan Kd

The real estate market has witnessed an exceptional boom all thanks to the rapidly growing industrial sectors. You can see an explosion in construction of high rise apartment complexes, residential townships, and even low rise independent floors. Due to vast residing options readily waiting, people often get confused in choosing between an independent house and apartment.

Benefits Of Staying In Apartments

In the modern era of materialism, families have broken down into small units. Thus, peoples tendency towards living in apartment blocks is proliferating. There are many pro and cones of residing in these blocks. They are a better option to reside. In apartments you need not to care about the issues related to the property. People live in these units, because it is more secure as compared to private houses. Usually apartments are protected through security alarms and 24 hours video surveillance. These security procedures make these blocks inaccessible for trespassers Moreover; these apartments incorporate with many recreational facilities, such as communal laundry, fitness centre and swimming pool. Therefore, these additional amenities enhance the living experience of its dwellers. Furthermore, due to adjacent blocks, harmony among residents increases and they share their thick and thin of life with each other. Apartments do not require looking over the maintenance or gardens as they are not a matter of concern for the people residing in them. In case there is any problem related to property of apartments you just simply need to pay the amount and get it done repair. Problems like leakage or water supply issues you just need to the monthly rental and you are out of the issues. Even you just have to pay the single check for all the bills in reference to your apartment, no need of different checks for different bills like electricity bill, water bill etc. Issues like tax, building inspection, or insurance cover are not your concern, so you don t need to worry about them too. As you start living in apartment you will feel that these are best to stay with affordable prices and they will not cause much effect on your pocket. Apartments these days are available in large variety, suiting every pocket. For People who like to move or travel frequently to new places, apartments are the best choice.

[youtube]http://www.youtube.com/watch?v=rQLdz_gn3ms[/youtube]

Benefits Of Staying In Independent House

On the contrary, living in these blocks has some demerits as well, for instance, proximity of blokes with each other put people in a dilemma, because of the nasty behavior of the neighbors. In addition to generally these blocks are built as multistory buildings with no lift facility, so it becomes difficult for people to get to their blocks if they are residing in 3rd or 4th level. What is more, parking is another crucial issue of these buildings, and situation get worse when these inhabitants are visited by their nearest and dearest. If you want to use your creativity during construction in terms of interior design, material, paint, lights, bath accessories and other add-ons, then you should opt for an Independent House. Houses can be reconstructed, extended or renovated as per one s discretion, whereas apartments cannot. You can cultivate your own kitchen garden or can enjoy the luxury of swimming pool in the backyard at your Independent Homes, which may not be possible in Apartments.

In order to seek best quality lifestyle, it is essential to choose your dream house with sound discretion. After all, it s your paradise where you would love to stay and enjoy your life.

To sum up, taking everything into account, living in an apartment complex is better despite some demerits, because buying an independent house is extremely expensive, and everyone may not be able to buy a house.

About the Author: Name – Ankan, Emailid – ankankd@gmail.com, website –

findghar.com

, for more information about this article please visit this link –

findghar.com/blog/2012/02/15/house-or-apartment-how-to-make-a-choice/

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1372747&ca=Real+Estate

Property Development

Buying Investment Property With No Credit Check

By JM Anderson

Low down payments, no credit check and guaranteed approval. This is the convenience for many investment property buyers who choose to shop online. With the internet being responsible for dramatically changing the way people do business, it is also responsible for revolutionizing the way people shop for investment property.

A conventional loan for investment property would entail an application, credit review and complete disclosure of the applicants financial situation. However, an increasing number of real estate developers, owners and brokers are offering investment property with the convenience of owner financing. A low down payment, which is followed by regular monthly payments, may result in a prime piece of investment property. Most commonly used for purchases of land, owner financing is extremely popular for investors, first-time home builders with no credit or even individuals who have past credit problems and would not otherwise qualify for a conventional loan.

With very low down payments, which are often lower than $1,000.00, many investment property sellers provide competitive interest rates and low monthly payments with absolutely no qualifying, credit check or income verification. As long as consumers continue to make their minimum required monthly payment, they will be approved.

[youtube]http://www.youtube.com/watch?v=7ylxIZQqQno[/youtube]

No matter when, where or how investment property is purchased, the buyer must perform due diligence prior to signing on the dotted line. The buyer will want to make sure that he/she will receive a warranty deed on any investment property, which means it will be free and clear of any liens, and that the current owner has the full right to sell the property. In addition, it may be a good idea for the potential buyer to contact the local tax office and inquire about the most recent assessment of the investment property. This will give the buyer a good idea as to whether or not he/she is getting a bargain. If the investment property is located in another state, the buyer should request photos and even consider hiring a video professional to make a recording of the immediate area and the land for visual purposes.

When agreeing to purchase investment property with owner financing, a signed contract is a must. This is simply a contract that is drawn and signed by both parties, which will indicate the down payment required, full purchase price, monthly payments, number of payments required until payoff, a listing of pre-payment penalties (if applicable), the location of the investment property and the size and details of the same.

A valid investment property contract will confirm that the seller agrees to finance the property at a certain amount of interest and will sell the described property after a predetermined number of payments. In return, the buyer agrees to pay a certain amount each month on a specified day each month. The contract should outline the exact location, street address, size of the lot and parcel number. In addition, it must include terms regarding late or missed payments, late fees and cancellation options (if any). The contract must be signed and dated by both parties in order for it to be valid.

About the Author: For more information about investment property, click the link to visit our website at www.investmentpropertyguide.info . We have some great free articles and resources about investment property.

Source: isnare.com

Permanent Link: isnare.com/?aid=60508&ca=Finances