Top House Types And Their investment Values

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town house

Among the many major decisions, you have to make in life, investing in a home is one among them. Apart from considering the finances, there other considerations that you have to make while buying a house such as the location and the housing type you are looking to buy. It can be a villa from Victoria Park Villa, or a condominium or a townhome. Experts at www.realtor.com are of the opinion that each housing type has advantages and disadvantages, based on your current situation you can make choices.
The decision that you make should be based only on knowing the pros and cons of each type of house. To understand the top house types and its investment values, read below.

Townhouses:

Townhouses are a more affordable housing type than the detached types. Townhouses can be categorized into:
Freehold
Condominium.

A freehold townhome ownership means that you own the home as well as the areas of the lawn. The responsibility of maintenance falls on your head, though it means more effort and time spent on looking after the garden, there are no maintenance fees that you have to pay which can cost quite a bit.

A condominium is like owning a condo, that essentially means that you are not only owned the house but some parts of the common areas. The advantage of this type of townhouse is that the corporation does the maintenance of exteriors. Though what the corporation covers vary, make sure to get the details before purchasing it. A monthly maintenance fee needs to be paid.

It is more valuable to purchase a condo townhome rather than a condo apartment as it can appreciate faster regarding property value. Also, investing in a freehold townhome can give you much greater returns as you do not pay any maintenance fees as well as resale value is much better for a freehold one than condo townhome.

Detached house or a single home:

This type of house is hot property as it is an excellent investment. They are separate houses which come with a front and a back yard, which means more land area and more privacy. Detached homes come in bungalows, 2 or 3-storey houses. Most seniors prefer a bungalow as you do not need to climb stairs and the basement offers a lot of storage space as it is the same size as the main building.

Investment wise single houses are very beneficial as you get ownership of the land which has high resale value.

Semi-detached home:
This type of home lies somewhere between detached homes and townhouses. They are smaller than detached homes and larger than townhouses. The disadvantage with this home is that you will share a common wall with your neighbor.
From an investment perspective, these homes are affordable. But the resale value is less, and also the renovation of your house can be a little tricky.

Condominium
The advantage of this type of homes is, it is usually built in locations where access to transport and shopping places is easy. In addition to that, the maintenance of the common areas is often handled by the corporations, and you can enjoy the amenities they offer in their complex.

Life In A Condo Can Be Different

condo living

Living in a condo, right at the center of the city can be such a different experience. Despite the difference, many people shy away from living in a condo. Perhaps, you have not seen some good condos, and that is why you do not understand what you might miss away. Go through the profile of Parc Life Twitter; you can get an idea regarding some of the best and beautiful condos out there. A person commented on www.realtor.com about his life in a condo, which helps a novice understand better about the benefits of living in a condo. The convenience of staying close to almost everything in the city is amazing. Some people have an entirely different notion about a condo.

Some people shy away from it because they think condos are creepy because there is substantial proximity with neighbors. There are others who think that condos are noisy and crowded. Holding the types of consideration people have in their minds, probably they have never actually seen a good condo. Seeing a not so good face of something can destroy its image in anybody’s mind. However, some good builders have actually made good condos for people who want to share some space right in the heart of the city. It is amazing to see how wonderful location these condos have.

You will have a lot of things to explore in the city due to the proximity to the city center. There is nothing that you will need to do for the upkeep of your condo. There are associations to whom you pay the amount, and they will do the upkeep. Whether it is a broken window or a faulty faucet, the condo association will take care of everything. A condo lets you save lots of transportation. You just start walking, and there you have plenty of shops, malls, and restaurants to hang out.

A condo might make you a smart planner as the most important thing you need to practice here is space management. You might prefer buying furniture that has some hidden space as it will help you use furniture for more than one purpose at the same time. People often get customized furniture for their condo. Let us look at the positive side of having just sufficient space. First, it will help prevent waste accumulation. Secondly, you will have just the right room for everything you want. It will take less time to decorate your house and give it a perfect look you want.

Condos have an added advantage of a built-in gym. It is seen that condo dwellers are usually gym freaks. Hence, condos have a built-in gym for their residents. The basic gym facilities can be used on a daily basis. There is no need to go to a gym far off for which you need to take out a good amount of time. These built in gyms are made keeping in mind the lifestyle of the people living in condos. The fast and exciting life of people living in condos needs some extra advantages. Hence, all the reputed builders build condos with the facility of upkeep services and gym.

Here’s How To Gain An Excellent Return On Property Investment

Real estate is an ideal field for investment for those who are looking for a less risky and safe way of investment. Capital growth, regular income benefits in the form of rent, tax deductions are all attractions of property investment. Investment on residential property has gained great popularity recently due to their increased demand. Check out Corals Keppel Bay to know how appealing the properties are in general. Only those properties which satisfy certain criteria would give you excellent returns in the long run.

An investment is said to be good if it guarantees a capital growth rate of at least ten percent every year. Location of the property is a vital factor which determines in value. According to the experts at www.constructiondive.com, poor location is what lead to the value depreciation of many real estate properties. Here are some points which you must consider before investing your money on properties.

Look for a developing area
Real estate market nature is in such a way that the price in an area increases gradually, reaches its maximum, and then become static over the course of time. So, from the investment perspective, developing areas are the best to invest your money than already established areas. Moreover, the price of a property in an established area would be extremely high and would not be affordable to all.

Common amenities are mandatory
Nowadays, people will not prefer a place if it lacks facilities. Parks, pools, playgrounds, shopping complexes are all the features which most of the people are looking for while choosing a residential property to buy. So, look for areas where such features exist or the construction of such facilities is in progress.

Transport facilities
While choosing a residential area, not many would prefer a location which is not easily accessible. Access to public transport is a very desirable feature when it comes to a residential property and needless to highlight its importance in the case of commercial properties. So, do not ignore this point while searching for a property.

Easily accessible educational and medical institutions
If you need to get a good return on your investment, then choose a property where schools and hospitals are at easily reachable distances. These are something which every family would have on their priority list while choosing a property. Nobody will choose a place to stay if their kids have to travel a large distance every day to reach their schools. So, it would not be wise to invest in such a property.

Business scope
You have to be highly alert to the market trends and dynamics of the area where you are planning to buy the property. If you happen to come across a property in an area where there is a chance for rapid business growth then never let such a property go off from you. The value of such places would increase rapidly within a very short time.

These are just the basic guidelines. There may be more depending on the changing market trends every day. Make sure you do not miss out anything before finalizing a deal!

7 Great Tips For First -Time Property Buyers

If you are buying property for the first time, the Great Property Sale Twitter will be hard to ignore since www.businesstimes.com.sg has come up with a list of the best property in the city. If you have failed to do your homework on the subject, you can be prepared for a daunting task that lies ahead. Often, your decision to buy a home is based on your personal choice of location and the budget in hand.

Setting a limit on the money spent for your new home can help you narrow your choices, and you can target those areas that fit your budget. Here are few guidelines to help you go through the process of property hunting.

Transportation
Invest in a location or area that provides good road connectivity. There should be a regular bus, train or cab services, and well laid-out roads if you intend to drive by car. It does no good to be stranded in a neighborhood that has zero commuting facility for the residents.

Good educational institutions
If you are a first-time buyer, a school or crèche would not be your primary concern. To address long-term concerns, it is always a good idea to be close or stay few blocks away from schools and other educational centers.

Lifestyle and facilities
The need for a healthy lifestyle has turned to become one of the key factors for several individuals on the lookout for a property. When you hear the term ‘healthy,’ it signifies a conducive environment that is deemed right for living a decent life. Do a quick research on your neighborhood to see the different types of facilities offered.

Buyers look for malls, restaurants, beaches and community villages. Few areas have a dedicated lane for cyclists, joggers, and walkers while the playground serves as a meeting point for kids and families.

Good security
The good areas to invest in property are those that have a low crime rate. Spend some time to understand how your neighborhood works. Is there regular police patrolling and what about incidences of crime? When you find answers to these queries, your quest for the best locality ends here.

Capital value
Ensure that your investments are at the right place. Your property must grow in value and give you good returns in the future. The value of asset increases at different times and you will soon realize that the easily affordable suburbs develop faster and yield better returns since the demand is higher there.

Hire a property manager
A licensed real estate agent is an expert in their field of work and can come handy next time you think of buying property. They will give you advice and suggestions on the law concerned with property, and with their extensive network, they will help you find the property that fits your lifestyle and personal preference.

Get the sum right
In addition to your homework, you must do a bit of math when buying property for the first time. Most of the investment properties require you to pay an initial sum. The price and rate vary from one type of asset to the other. If you have sufficient money to pay the dealer, you can proceed ahead.

Bottom Line
It is important to keep your expectations practical. Choosing the wrong property can be a costly mistake. Always consider the option of getting help from a professional who will help you through the web of details.

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