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Buying Home Decors

Buying Home Decors

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Home Decors : Our homes say who we are and what is important to us to the rest of the world. Our living environment affects both our physical and emotional health. Our houses are also where our families, friends, and loved ones assemble. We live in our home, and most spend a lot of time there. How we live and decorate our homes becomes part of our identity and perception and increases our confidence.

The room’s decoration depends on the available space and what you favor – Traditional or modern, formal or easy-going, and aesthetically warm or cold. Some essential decors for the room bring the essence and change the vibe of living.

Vases or Bowls: Whether you’re displaying flowers or need a place to put items, vases and bowls are timeless accessories that never go out of style.

Mirrors: Depending on the design and structure of a mirror, it can change the feeling of an entrance, a corridor, a kitchen, a bedroom, or a bathroom.

Flowers or greenery: Bringing plants into your home allows you to unwind in the fresh air while reconnecting with nature. Around your home, as in your living room or bedroom, a few potted plants will change the room’s elegance.

Magazines and Books: One of the room’s primary accessories is books and magazines. They’re an excellent way to add personality to a place while still cost-effective.

Sofa: A solid frame, neutral color, and a common form characterize the ideal sofa. Consider well-known styles like the English roller neck, Chesterfield, or a well-made sectional, which interior designers frequently choose.

Window coverings: With cloth curtain drapes, when lowered, they sit flat against the window, and when raised, they gather in lush folds.

Cushions: There can be various colors there, such as red cherry, gold yellow, dark blue, rose bursting, and so on. This colorful vibrance gives the room a lively appearance.

Tableware: items to consider are:

  • Pasta, salad, cake, and dessert plates.
  • Wine and water glasses.
  • Knives and forks, spoons for soup and supper.
  • Appropriate serving materials include salad servers, a serving collection, and salt and peppershakers.

Chairs: A lounge chair is a versatile piece that settles in an office, a relaxing living room, a bedroom, a study, or while sleeping – basically anywhere you want to curl up with a book, music, or just yourself.

Other decorative items give your place a decent living. Switching your existing table and floor lamps to full-spectrum bulbs is easy to achieve optimum lighting. There are rugs, wall hangings, chimes, lamps, posters, wall decoratives, and many others design items for every selection to make your stay pleasant and refreshing for your mind. It doesn’t matter if you gather in the kitchen, living room, family room, or another room; there should be a spot in your home where people may assemble and enjoy themselves. It’s all about providing a space where people may gather and feel at ease. Home design is essential because it impacts many aspects of our lives.

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NL Builders Real Estate 

8 Reasons why buying a house is better than staying in a rented one

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NL-Complex-NL BuildersThere has been an endless debate on the topic as to which option is better; renting a house or buying one. No matter which one you opt for, you have to pay the price for the same. Still, buying a house is believed to be better in many cases. Here are some of the reasons which justify this statement:

Investment versus expenditure

When you rent a house, the money goes straight to the owner and you are just paying for your monthly stay in his/her house. Contrary to that, when you buy your own house, the money you spend every month paying mortgage, taxes and other expenses required, you are actually indulged in a long term investment which ultimately results in making you the owner of a valuable asset.

Evident progress every month

Paying your mortgage every month increases the percentage of equity you own. Moreover, you can also apply for a loan against this equity if ever any emergency arises.

Increment in net worth

Having your own house not only ensures that at least you will not be homeless, it also increases your net worth which is ultimately better than working towards a higher income since it provides more financial independence.

Your house, your rules

Buying a house for the first time is a very emotional step. There is no doubt that the level of comfort and freedom your home gives you, can never be achieved in a rented house. You can install a modular kitchen of your choice and pretty much do anything thing to make your house a better place to live in. These things also increase the value of your house. None of these options are available in a rented house.

Focus on the bigger picture

Today it might seem that renting is cheaper than paying a mortgage. But ten years down the line, your rent might increase up to one and a half times than what it is right now. However, if you buy a house with a fixed rate mortgage, your monthly payment remains the same throughout the tenure of the loan.

Tax Benefits

It is true that owning a house means having to pay property tax. But it also has some benefits in taxes when seen from a different vantage point. Erik Brynjolfsson, director of the MIT Initiative on the Digital Economy, explains that when you live in your own house, you need not pay taxes on the house rent because it is paid to yourself.

Look into the Future

Suppose you are in your thirties right now and you decide to buy a house. And it roughly would take two decades for you to completely own that house. So when you are in your fifties and probably planning to retire, you have a home not only for yourself but also for the future generations to come.

You become a responsible citizen

When you own a house, you tend to create a better environment around it since you are here to stay for a very long period of time. This makes you aware of what is happening in your locality so that you can make your contributions to make it better. This rarely happens when a person lives in a rented house.

Purchasing a residential property is a huge commitment and includes a lot of hidden expenses. This means having to deal with a lot of things you might not have experienced before. Hence, your decisions must be made considering your savings.

 

 

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Knowledge Based Articles NL Builders Real Estate 
NL Builders -

Things to remember if you are a landlord

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NL Builders -Want to rent your property? Are you aware of things which you should remember while renting your property? It’s not always easy as it seems to be. Renting your property needs to be under the supervision and if you are the landlord you should be aware of certain things. Many people do rent their property and later face many problems either by the tenant or several other issues. As a landlord, it is vital for you to know each and every detail related to the tenant and property.

Have a look at some tips which a new landlord should always remember and follow before renting their property,

  • Signed agreement

Always remember to get an agreement signed by the tenant. Agreements make your property authentic. After you choose your tenant, the first thing you should do is make an agreement and get it signed by them. Every landlord should include all important details in it to avoid any misunderstandings in the future.

  • Don’t forget to advertise your property

Don’t forget to advertise your property either on newspaper or the internet. This is the only way through which you can attract a lot of genuine buyers and they can contact you directly without any brokers in between. Real estate sites are also popular these days, where you can easily advertise your property and make it visible to all.

  • Check your tenant’s activities

Keep an eye on your tenant as well on their activities. It’s often seen that owners rent their property and that becomes a big issue later. Check your tenant’s behaviour. This doesn’t mean that you should become a detective altogether. But, it is best to stay alert.

  • Make sure that the rent is paid on time

Make it clear in the beginning only that the tenant has to pay the rent on time. Clear the rent amount, the time till which it is paid, the other bills included etc.

  • Always be in touch of your property

Keep a look at your property. Once in a week or month, as suitable but, do keep taking rounds to know the conditions of it. Be close your property and keep an eye on it.

  • Protect your property by ensuring it

Are you a new landlord and still not insured your property? The first and the foremost thing is to make it ensure in a known insurance company. Your home insurance is the safety key to your property. Tenants are always in search for those properties which are insured and where they can feel protected.

  • Your rules and regulations are musts

Keeping terms and conditions for your tenant is a must for your safety as well as theirs. Tenants would keep themselves bound to rules and regulations, the owner being tension free. Rules and regulations are must to be kept by a new landlord.

Don’t forget to do the police verifications background check of your tenant. Go through the documents provided and don’t hesitate in asking questions if any.

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Knowledge Based Articles NL Builders 
NL Builders - NL Complex

Why investing in real estate is good?

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NL Builders - NL ComplexHave you ever looked at your bank account and conceit your pride of earning so much money? Have you ever pondered that money can actually lose value? Let us give you the vision to start with. Consider yourself 15 years erstwhile. You used to buy stuff half the price you buy them at present. Now consider yourself 15 years from now. You will buy same stuff double the price you buy them today. Worried now?

What do you do to increase the amount of money you hold? Is there any safe and effortless way to amplify the amount of money you have?

The answer is yes, there is. Instead of piling your money in lockers, you simply need to invest in real estates. Why real estate and not something else?

Investing in real estate is less risky – As compared to investing in other areas. You might have heard people investing in stocks and being barren. Stocks are such investing markets that either help you sail or cause you to drown. While real estates, on the other hand, are reliable and become a life jacket to your sinking ship. It is less venturesome as the profits are less and so is the loss. You can see the loss knocking your door and to your surprise, the loss is not that hazardous.

Easier to understand – Real estate is easier to understand in comparison to other investing sectors. Take stocks as an example, there you need to work really hard since you need to have complete knowledge and you must keep track of everything.آ  Despite having the knowledge you must be clever enough to know which company you want to invest. Also, they are very uncertain. Sometimes even prediction becomes tuff and may lead you to deplore your decision. While real estate is nothing related to past records and you can be very sure of your decision once you have researched about the property.

It is not much time consuming – As you don’t need to sit whole day and bother about the property every time. For instance, let us consider you have been investing in stocks. It can consume most of your schedule as you might have to trace everything. But if you invest in real estate you just have to give some of your time initially. While buying or investing in a property you must consider all the facts about the property and see through it, if it has any chances of loss in the future.

It can be a continuous source of income – As you can get some amount of money every month. You have invested your money and time only once for this one property and you have been pocketed every month. If you have invested in authenticated property and have analyzed every small factor that may sway the properties’ value then it can serve extremely well. So, investing in real estate can be tricky but if you get to set your hands well you can actually generate a good amount of money through it. The only cost is careful analysis and proper investment at the first time.آ آ

If things go wrong then it can easily be handled – No matter how much safe it is to invest in any real estate. There are always chances of something going wrong and you end up in some sink hole. However, if things go wrong in such cases you can verily be less harmed.

No continuous investment is needed – You can call investing in real estate as one-time investments as you have to invest only once in the property and you get the profits every month. Whereas there are other investing sectors which need perpetual attention as you need to keep on investing in order to load your pocket.آ آ

It is a source of income even after retirement as you can actually lay your torso towards it. The best time to invest in real estate is after you enter your late thirty’s. Not only retirements but it can hold you upright when you have lost your job. It provides you radiance when everything has become dark and all your doors seem to be closed.

 

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Knowledge Based Articles NL Builders 
cibil score

How does the CIBIL Score Affects Your Credibility?

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Thinking of buying a house or a car? The mere thought of applying for the loan is enough to induce stress as in spite of having all the required documents; there’s always a chance of your loan application getting rejected.

It’s true that we can’t provide any guarantee for your loan application acceptance but we can certainly offer you an insight on one of the fundamental component that defines your credibility- CBIL score.

What is a CIBIL Score?

CIBIL (Credit Bureau India Limited) score is a three digit score that plays a pivotal role in determining your credibility. Derived from CIR (Credit Information Report), your CBIL score is determined by taking your entire credit history in consideration. In simple terms, CIBIL score helps the lender to know whether you are capable enough to repay the loan.

How will the CIBIL score influence my loan application?

As the CIBIL score forms the authentic source to reflect your credibility, whenever a lender receives your loan application he refers to your credit score. A score of less than 300 can increase the chances of loan rejection whereas a score between 300-600 or above 900 can process your application to the next level.

Post your credit score check, a review of your recent credit purchases, payment history, outstanding payments, earlier loan repayment durations, etc., is undertaken. Although sanctioning of loan is subjective in nature, the component of CIBIL score certainly influences the decision of concerned money lending institutions.

How do you manage your CIBIL score?

If your CIBIL score is less than 300, here’s how you can improve your CIBIL score:

  • Avoid overuse of credit: Use your credit facility only when you actually need it, as over exploitation of credit simply creates a false impression on your lender.
  • Clear your dues: Ensure that you act responsibly and clear all your outstanding EMIs and bills on time as the timely clearance of your bill will reflect a healthy loan repaying capacity.
  • Periodic check: Through a periodic review of your CIR (Credit Information Report), you can always rectify your errors in case of any.
  • Manage your accounts: It is advisable to have only one or at the most two accounts, as the presence of multiple accounts often makes it difficult for efficient management.
  • Seek help: If you are finding it difficult to manage your CIBIL score than always seek professional help as that would simplify your credit management.

Having said that always remember that CIBIL score affects your credibility but it’s not the only factor to affect your credibility. Often there have been instances wherein in spite of having a good CIBIL score, the loan applications have been rejected by banks. Also, this does not mean you neglect your CIBIL score, especially when you are applying for a loan.

Besides, having a healthy CIBIL score can also bring in an advantage of low interest rate from your lender, so next time before you apply for a loan always check your CIBIL score to avoid any unforeseen surprises.

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Knowledge Based Articles NL Builders 

Things to Consider While Giving Your Flat on Rent

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When we successfully buy more than one property a lot of us try to rent it out. Renting your place brings, in extra money and additionally, it also brings the place to use. Even though this looks like a simple ride, there are ample of things that you must take care of when renting a house to others.

Here is the checklist –

  1. Preparing the Agreement – Agreements shields you against unwelcomed disputes. You can even take the help of your legal advisor when it comes to preparation of the agreement. Without agreement do not even try to rent out your house. Also, ensure that you are inculcating every vital point in the agreement with the terms clarified and well defined.
  1. Background Check – Background check of the person whom you are going to keep as a tenant is significant. Go for the police verification. You should collect the photocopy of all the necessary documents of the tenant. Do not overlook this matter at all. For your own safety, it is vital that you take the troubles of getting the background checked.
  1. Necessary Details – It is your responsibility to disclose the charges that you would include in the rent. In case you wish to divide the electricity bill into halves rather than including it in the rent then make sure that you disclose it to the tenant. Transparency holds a greater importance between both the parties.
  1. Rent and Deposit – As the market is getting competitive, it is best that you do your research well in time. Decide upon the rent at the same time the deposit. Some renters take 5 months deposit amount while some take 1-year deposit. The choice is, however, yours.
  1. Notice Period – Deciding upon the notice period in advance is also important. In order to avoid any inconvenience in later stages, it is best that you decide it in advance. It is best to keep the notice period of 30-60 days. This notice period is the period that you would give to your tenant to search for another place before vacating this house.
  1. Tenure – Post the decision of rent and deposit amount, you got to decide the tenure. Some owners choose the period of one year while some agree for 5 years. It is however suggested that you must decide the tenure of one year and keep renewing the agreement annually.

It is best that you do a thorough background check of your tenants. A lot of owners do not prefer keeping unmarried couples as their tenants however if their character certificate and police verification are in place then there is no harm in renting the house to them. Make sure that even if the tenant looks good you do go through all the required documents.

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Knowledge Based Articles NL Builders Real Estate 

6 Things You Need to be Careful about before Buying a Re-sale Flat

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The rate of real estates is shooting the stars with every passing day. Buying brand new flats or plots seems like only a distant dream to many of us. While some still prefer buying new flats, some of us choose resale flats.

Resale flats are the flats that are sold twice. Relatively the rate of these flats is cheaper since they are not brand new. However, one must be a little more careful while choosing a resale flat. Here is what you should consider before buying a resale flat.

  1. Age of Property

Considering the age of the property is significant. There are times when the flat do look old but aren’t and sometimes it is vice versa as well. Knowing the age of the property helps you estimating its strength. You should not get fooled regarding the age of the property. Please make sure that you go through the property documents.

  1. Cost of Amenities

The cost of amenities is best to be cross-checked with the dealer or the owner. Sometimes items like furniture or fixtures are added to the cost as the cost of amenities. One must keep a check on the amenities that are given alongside the corresponding cost.

  1. Area and Locality

Just because you are getting a cheaper deal does not mean you should accept it blindly. Keep a check on the area and locality where the flat is situated. It is best to visit the flat beforehand and examine the area surrounding to it. An area of dispute or unhealthy atmosphere of the locality should be avoided.

  1. Ask them Why?

You need to know why the person is interested in selling the flat. Is it that he or she has found a flat in another location? Or is it that they are moving out of the city? Whatever be the reason you need to know it. Not every time you would get a genuine answer but you can always talk to other people and gauge it.

  1. Verify the Builder

The verification of the builder is also an important aspect to consider while buying a resale flat. An extensive verification of the builder with the help of your legal advisor is an advice worth a million dollar.

  1. Total Cost

Calculate the total cost involved and compare it with the cost of newly built flats. On most of the occasions, the total cost exceeds the cost of newly built flats hence be cautious. Ensure that there are no extra charges unnecessarily charged upon your costing. In case the resale flat cost is exceeding the cost of a brand new flat, we advise you to rethink.

Buying resale flats are advantageous especially in terms of its costing however, there are frauds lurking around everywhere. Being cautious and thinking rationally would safeguard you against scams more than anything else. Apart from the mentioned points make sure that the flat is not kept as a mortgage with any financial institution.

We wish you a very Happy Home Finding.

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Knowledge Based Articles Real Estate 

How Demonetization did Affect The Real Estate Industry?

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Demonetization Affect Real EstateA major move of Demonetization was witnessed by the entire world on the evening of 8th November 2016. The entire nation faced a huge hoopla as the announcement was sudden and startling. Who anticipated that the government might take such steps to curb the black money out of the system? A number of sectors naturally got affected with this move of the government. Online transaction and card payment methods went on a rise; online gateways and wallets were also a hit.

Subsequently, even real estate underwent some changes owing to the effect of demonetization. Traditionally, real estate has witnessed the huge involvement of black money and cash transactions. It is predicted that the luxury houses would face corrections in the pricing in short to medium term. Since luxury homes do involve the majority of the transaction in cash. On the contrary, the primary homes wouldn’t see as much effect on pricing. The parties involved in buying affordable homes are more concerned with home loans. The home loans taken are carried through legal route hence this particular arena wouldn’t face corrections in the prices. Further, it is expected that those buyers who opt for home loans would have a reason to rejoice since the rates of EMIs might soon drop down and become more flexible.

Additionally, according to the well researchable NL Builders the another segment that would have an impact on pricing is that of piling up inventories for the developers and real estate sellers. Due to the reduction in cash component, it is predicted that there would a lethargic demand in real estate for short term at least. Owing to the reduction in cash component, the real estate developers might be led to cut down their prices in order to generate required liquidity.

Another significant impact that demonetization would lead to cheaper borrowing rates. Due to the increase in the fund flows in the bank, the rates at which the sum is lent is slashed down. This would encourage the buyers to buy affordable homes at friendly EMIs.

Furthermore, when it comes to office/industrial leasing there is minimal impact on it. Since the cash component was never a significant aspect of the transactions in this segment, there is hardly any occurrence of the pricing correction.

There is a vital delay in the execution of the ongoing projects. Given the cash crunch that demonetization has bought it there is a trouble delay for sure. There is also a forecasted interest of developer into tier 2 cities. This witnessed the deluge of end users in buying. Being in the industry as an establish real estate marketer and builders the NL builders do believe that demonetization would curb the black money but at the same time it would affect the demand.

NL Builders who are well established in the industry also presume that land segment and resale properties would face a major impact since cash component is popular in these transactions. For the end users buying a home is relatively cheaper than ever and this can be easily termed as the golden builder from customer’s end. The negotiation power gives an upper hand to the buyer. Though reputed builder such as NLPL Group, have not been affected by this move as they were already selling only full white.

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Finance & Economy Knowledge Based Articles Real Estate 

5 Important Things Women Look for in Buying a House!

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Buying a house is an important decision in one’s life. A number of factors become important considerations since it is not about one person’s comfort, it is for the family. A key member of the family is the woman of the house on who rests the responsibility of turning a house into a home. You may be the man of the house, the key financier or the decision maker; but without the woman’s approval no deal seems satisfactory.

Most people think women are complex beings to understand. Well, that actually is not true because they have their priorities right in place. So, what does the woman look for when investing in a house? To put it straight, the woman prioritizes each and every requirement of every individual in the house as her own. Here are a few things that catch a woman’s attention and fancy when it comes to new home buying decisions.

Safety: Whether you are a single woman or living with your family; for a woman safety is a key factor that affects her living. A safe neighborhood, ample securities are more important to women than to men. For a woman to feel like living in the house and calling it her own there needs to be a safe and secure vibe that the house sends out to her.

Social Life: Let’s face it women are social creatures and need to be around people. While the men prefer to sleep on a Sunday afternoon, women would prefer to destress over a pot lunch with a few like-minded neighbors. Having a social circle in the place you live is an important criteria for women.

Easy Accessibility: While for men the only place of easy access should be their workplace, for women accessibility to various points matters. Accessibility to the parks, super markets, friends and family, gyms etc make a lot of difference to women. Blame it on their multi managerial abilities but to be present in so many places is important for them.

Light & Air: Women are free by spirit and confined walls and congested spaces are a complete no for them. Well-lit house with huge windows facing open spaces send out positivity and a feeling of open spaces for the women and that does make a difference. Women in general are creative. Well ventilated and brightly lit spaces do bring out the best in them.

Well Defined Spaces: Women tend to manage way too many things than what they even talk about. Hence, an organized house that makes room for every item in her checklist is a sure winner. Women love houses that accommodate little things that help her in maintaining her house in an organized manner as she loves it.

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Knowledge Based Articles Real Estate