Home Maintenance Tips & Ideas by Gharonda Builders

With the ownership of an ideal residential house, there also comes a great level of responsibilities. It brings along the responsibility and commitment to ensure that your house is safe and everything works smoothly. Home repairs and maintenance is one of the most important domains which requires the most attention.

Home repairs and maintenance seem to quite complex and challenging when it comes to fixing things. However, contrary to what it appears, performing proper home maintenance doesn’t really require specialized skills or know-how.  Gharonda Builders, one of the leading real estate entities highlights some of the most useful and simple home maintenance tips which can prove to be of great help.

Toilets

Water leaking from your toilet tank is one of the most common and intimidating challenges that you face almost every other day. The easiest way to fix it and stop the leakage is to replace the toilet’s flapper in case your toilet is leaking from the tank to the bowl.

Faucets

Old and worn out washers often lead to leakage in the faucets. This calls for the replacement of the washers inside of the faucet handles with the new one. You can do it easily by turning off the main water supply and replacing the old washer.  

             

Washing Machine

The water supply hoses of your washing machine need to be inspected frequently in order to keep a check on the leakages. It is important to note that the ends of your washing machine drain lines need immediate replacement if they show any signs of discoloration, rust or leakage.

Water Heater

Water heaters are the appliances which are prone to getting damaged easily. Thus, they require a lot of attention and maintenance. It is important to ensure that there are no sediments settle at the bottom of the tank to ensure the smooth working of the water heater.

Air Conditioning

Air conditioners are one of the most important appliances which are quite costly when it comes to get them repaired. However, a regular inspection of the condensation hose can ensure a smooth working of your air conditioner.

Apart from ensuring a hassle-free everyday life experience, having a home maintenance plan can make a great difference in your bank account as well. It is the best way to make sure that home appliances don’t wear out too quickly.

Gharonda Builders Group Highlights The Tips For Smart Investment In Second Home

The desire to own a dream-like home is common to all. Be it your first or the second one, you always wish your house to have the best of everything. Despite the stagnancy in the real estate sector, the demand for second homes is mounting with each passing day. Gharonda Builders, one of the leading real estate entities highlights that there are number potential homebuyers who are looking forward to buy their second homes.

Whether it is for residential, commercial or investment purpose, it is important to consider certain factors before investing your hard-earned resources in a house. Gharonda Builders Group brings forth the most important tips for a smart investment in your second home.

A comprehensive research of the property

It is recommended to undergo a complete research of the house you’re planning to buy. If you buy it just on the basis of your whims, you may end up making a wrong and hurried choice.

Evaluate your long term goals and needs

It is important to ensure that you make your decision of investing in a house after the evaluation of your needs and requirement. For example- if you’re looking for a second home that would be your retirement spot; the factors like health care services in the area should be considered before buying it.

 

Get to know the area before buying

A complete knowledge of the area and vicinity of your house is one of the most important factors to be considered before buying it. You can talk to locals to get the complete information about the area.

Take the help of a local real estate agent

A local agent can be of great help when it comes to buying a vacation home outside your area.

Decide the type of home which suits you the best

It is one of the most crucial factors to be considered before buying a house. The purpose of buying the house should decide the type which is the most suitable for you.

With these factors in mind, you are likely to make the best choice of a vacation house which will provide you with true value for the money spent. 

Leasehold Vs Freehold What's The Difference

Fundamentally, there are two major different of authorized ownership: freehold and leasehold. Although,realty developers often Hide the facts; the big difference can be between a home that is worth buying and one that isn’t. Many buyers who don’t rehash these terms before buying a home end up regretting it – getting into a wrong deal can be massively expensive.

What is freehold?
If you buy a freehold property, it means that you own a building and land, for eternity. While registry, your name would be mentioned as “freeholder”, owning the “title absolute”. Freehold is practically the preferred option: you can’t go wrong with it.
You don’t have to pay annual ground rent.
You are solely responsible for maintaining the structure of the building – the roof and the outer walls The entire houses are generally sold freehold.

What is leasehold?
With the leasehold property, you just have a lease from the freeholder (landlord) to use the property for a specific period. The leases are typically long term – often 90 years or 120 years but as high as 999 years – but can be less than 40 years.
A leaseholder signs a contract with the freeholder, which includes the legal rights and responsibilities of both the sides.
Usually, the freeholder is responsible for maintaining the common parts of the building, for example the entrance and staircase, along with the outer walls and roof.
Leaseholders are liable to pay the annual service charges, maintenance fees, and their share of the property insurance.
 Leaseholders have to take permission for doing any major renovations in the property.
If leaseholders don’t accomplish the terms of the lease – such as, by not paying the rent – then the lease can become forfeit.

Gharonda Builders & Developers can provide guidance on extending your lease or buying the freehold flat of your own.

Know How to Avail Tax Benefits on your Property

In India property is deemed as a source of income. Thus tax is imposed on property. Gharonda Builders have pointed out few factors that are considered during tax evaluation in India.

Property taxes differ from state to state. Different civic bodies bring about different methods to calculate tax. However, the general overview of tax calculations remains the similar. 

Assessment of the property is first carried out by determining:

-       Location

-       Occupancy status (whether it’s rented out or self-occupied)

-       Amenities provided (rainwater harvesting, car park, store, etc.)

-       Type of property (commercial, residential or land)

-       Type and the year of construction.

-       Carpeted square area and floor space index and of the property.

After determining the above parameters, civic agency can use a formula it deems fit to calculate tax. Different formulae are used by different agencies.

Ways to minimize tax on property

1.   Research neighboring properties

Information about your property is typically present in the local database. What people don’t realize is that information about other properties is also accessible. Evaluate taxes on houses that are comparable to yours. You can end up finding inconsistencies that could lower your taxes.

2.   Reinvest in another property

 If you want to save tax on the capital gained from selling a property, invest all the money in another property. This can happen only in case of a residential property and not a commercial one.

3.   Know the tax rules

Without knowing tax rules of your city, you cannot figure out if you’re missing a chance to avail tax benefits on your property. A good real estate agent or company can help you out with the nitty-gritty of property tax rules.

Real estate is a complicated world, you cannot be aware of everything that matters. Contact property experts, Gharonda Builders and Developers, for free consultation and advice regarding your real estate issues. 

Quick Tips You Must follow Before Buying A Home

Life is resplendent with firsts, whether you want to set out of your parental home for the first time, buy a home subsequent to renting for several years or buy a property with a spouse or partner, buying your very first property is a big footstep. A lot of preparation is involved while you’re on this crucial stage of your life, and a little homework never hurts, shares Gharonda builders.

Don't let yourself feel pressured

Realestate agents are definitely skilled salespeople. It is a part of their job to make you rush over to the 'perfect' property and insist you to make a deal before someone else grabs it up. In case you feel rushed in any way then it’s better to back off. Don’t forget that the time is on your side.

Purchase a property you can afford now, not later

No matter how sure you are of your future earnings, still you can come across certain circumstances which may increase the other expenses in your routine life. Children expenses, schools, new cars and vacation plans are quite substantial costs. Make sure to maintain a balance in your budget for you to lead the life you want.

Select an agent carefully

Go well-prepared with questions in advance for a meeting. Try to dig out facts like what kind of experience they have, what all projects they have completed till date, how many buyers they are representing and if they can share any references. Refer to a handful agents before fixing any one.

Negotiate as much as you can

You can appoint an agent to carry out the negotiating part for you, but you can't rely on how hard and dedicatedly they will push for you. As a buyer, you ought to feel in control and as obvious you have nothing to lose in the course of a robust negotiation.

3 Things To Be Consider Before You Buy Your Dream Home..!!

It is believed that a home is made of love and dreams, and finding a perfect home is not a piece of cake. Let’s admit, the things that we consider while looking at a regular real estate purchase is quite different from the one when we hunt for our dream home. When it comes to  buying a house for ourselves, we are picky and would settle on nothing  but the best.

GharondaBuilders and Developers lists the top three factors that you must consider before buying your dream home, be it a sprawling suburban house or a modernized urban loft.

Cost

The first and foremost factor to be considered before making an investment is the cost consideration. Your dream house is supposed to be an escape for you than being a worry. Make sure that you do not stretch your pocket to its farthest reach. It is not just about clearing the down payment initially, but also other consistent payments like the monthly mortgage, association fees, local taxes and other utility costs. Once you decide upon the location, do a detailed comparative analysis between the purchasing price of the property, your nature of employment, your source of regular income and your monthly expenses. Also leave a little breather in your overall budget if you are expecting retirement or a layoff anytime soon.

Location

Decide whether you crave for a secluded setting, away from the hustle-bustle,or prefer a location right in the center of the city with coffee shops and shopping centers right next-door. Make sure that you consider the distance between your workplace and your children’s school/college before finalizing the purchase. Buying a house that’s located remotely will involve a lot of traveling and related expenses every day. Also, do not forget that your family’s safety is extremely crucial. Always go for a house that is in close proximity to public utilities such as fire stations, police stations, hospitals and emergency health centers.

Style

Redesigning the floor map requires ample amount of time, patience and finances. Therefore, it is suggested that you find a property that already has a layout of your choice. You could go for a traditional layout if the members of your family prefer being in their own private spaces. You might like an open-concept plan if you have guests coming over frequently. Also, consider everything, right from the size of bedrooms and number of storage areas to the look of the garden, and the view. In addition, figure out how much space you and your family members actually need. Buying a house that is too big for your family could bring in financial crunch, while a house that is smaller for a large family will involve a constant struggle of space.

Nothing is impossible. The right research, considering the discussed parameters will help you find a property that will be a perfect fit.

Easy Decorating Ideas For Your Room

Beautify your home on a tight budget with these simple ideas for refinishing worn-out items once intended for the trash and simple craft developments that require only handful inexpensive supplies. Plus, Gharonda Builders has made your work even easier by creating an ideal label!

Pretty Practical

Add a jolly element to your dining table by placing conventional, easy-care table mats. To begin with, assemble fabric, iron-on vinyl topping and pinking shears, which are easily available at most fabric stores. Slash fabric into 12"-by-17" rectangles and iron. For every mat, cut two rectangles of the equal size from vinyl. Following the package instructions, iron a piece of vinyl onto all sides of the place mat; use pinking shears to neat the edges of your mats.

Flowery Prose

Liven up your pencil cup with a bud vase that will surely bring some life to your monotonous office space. Take out the ink cartridge from a dried out pen. Fill the ink pipe with water, cover the pen at the bottom, and blow a thin-stemmed bloom.

Tack It On

The upholstery approach isn't just limited to sofas anymore. This fabric finisher is back in trend and is also an economical way to add zest to unadorned pieces of wood furniture. Purchase tacks from a hardware or fabric store, which will cost you around Rs.500 a pack; press on or tap them in along the lines of a counter, worktable, or chair for a striking accent.

Cover A Wall With Plates

You can buy discounted however stylish plates on online shopping portals—you can find tons of designs, and they’re so cheap! Start accumulating them for the dining room wall. Says an expert from Gharonda Builders And Developers, “covering the entire wall with plates has the similar effect as one life-size piece of art."