Buying Property to Earn Rental Income – Do’s & Don’ts

An investor who is seeking to buy a property and lease it out later should address the process with a lot of prudence. As a wrong property choice can lead lack of optimal returns and possible financial setback. Here’s what one should keep in mind when looking for an income-generating property option.

Before finalizing the purchase of a rental property, there’s a plenty of planning & work involved. One should begin with an unbiased approach here.

Let us have a look all one needs to consider in order to find the best rental property –

1. Location

Location of the property quality of the property determines the kind of renters one finds and frequently of vacancies. Take for instance, if the property is located near a university, the pool of your expected renters will mainly consist of students. Numerous vacancies will follow during the holiday or end of the session.

Ideally, one should look for a location with excellent growth prospects. With shopping malls, schools, entertainment zones and like are located nearby.

Read More: Trimurty’s Ariana @ Jagatpura, Jaipur’s new property destination 

2. Property Taxes

Property taxes are not standard, and as an investor intending to earn money through rent, he/she should know how much they will shell out on taxes.

High property taxes are apparently justified in top areas, which are superlatively connected. Such areas also usually attract long-term renters.

3. Educational Institutes

Your prospective tenants may be a family with kids or intending to have children. They would, therefore, prefer a home that’s near to good schools. Investing in an area with good educational institutions around will have a positive impact on your rental income.

Remember, the total value of the rental property will come into play when it is sold.

 4. Job Demand

Areas with high/growing work opportunities have a tendency to attract people, that means more renters. It, therefore, becomes apparent that having a property near a growing and thriving industrial hub is a profitable option.

Check out: The Future City, a fully-developed integreated township project

5. Quality Projects

Renters these days prefer homes that add some value to their lifestyle. Good projects with the best lifestyle may be out of prospective tenants purchasing power, but they expect and desire to get these facilities in a rented home. Projects with amenities like openness, gardens, games room. Children’s play area, peaceful sitting area for elders, management by professionals, and strong security, are preferred by families hunting for rental flats.

Remember, Real Estate Investing does not begin with buying a rental property – it rather starts with creating the finances where one can buy a rental property.

What makes Trimurty’s Ariana ideal residential apartment in Jaipur?

Trimurty’s Ariana is an ideal living destination for families looking for a home with a hint of luxury, nature and world-class features. It does not endorse on one attribute as it has so much more on offer.

Today, we thought of explaining it all via pictorial representation. Come travel with us, as we unveil the key features of Trimuty’s Ariana and we are pretty sure that after going through the same you like us would be fully convinced with its greatness.

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Top 10 Reasons Why Trimurty Ariana is the Best Pick

Trimurty Ariana is the new address of premium living option in Jaipur city. There are many factors that make it a dream apartment to live in from prime location to high construction quality it scores high on all parameters of home building.

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Here are top 10 reasons, Why Ariana is the best choice –

  1. It comes from the house of Trimurty, whose past projects are testimony of its claim
  2. It’s a true premium project with large size units & modern amenities
  3. Greener and healthier environment, with approx 74% green and open area
  4. It is Rajasthan’s first pre-certified platinum rated green home project
  5. It is located in Jagatpura, a location that spells convenience
  6. All facilities from schools, hospitals, banks and shopping malls are within reach
  7. It is built by the best in the field
  8. Maintenance by professional companies
  9. First apartment in Jaipur to offer 3BHK Duplex flats
  10. More than 11 games with the complex

 

Adjust in New Home in 3 Simple Steps

No matter, how excited one is to shift into the new apartment/house, its the feeling of nostalgia that always take over. Every now and then one gets lost into the memories of the old home. It has even been noticed that people living in rented place find it difficult to leave and settle into the new home. And, why not, it’s but natural, isn’t?

For some it might be the home where they have made the most important decisions of their life; or might be the place from where they started a new journey.  All said and done, now you do have a new place and it is where you are going to stay now. So, try and connect to your new house and make it a home soon.

Here are few thing you can possibly do to connect yourself quicker to your new home?

Meet thy neighbours

You have to realize that your neighbours  can prove to be very helpful. They can help you  in establish a strong connection with the new home. Neighbour can help you know the place better and give you important information . Like letting  you understand how society functions, help find domestic help, cook etc.  Also, take a note of the fact that these people are the ones with whom you’ll spending the rest /a portion of your life journey, in a way. It will be a wise decision to invest your energy in them.

Time to move on

Remember, it is you and only only you who can and has the power to build strong connections with your new home. We can only give tips and suggestions , it is you who has to do all the hard work. So, next time try taking out your car and drive around, explore the place. Find shops and complex, restaurants and cafes, see which one serves your taste and suits your pocket. Try taking a walk around after dinner, get in touch with neighbours  and people who live in the society. It is a graet way to make friends and  introduce yourself to new people.

Paint it your way

The new home that you have settled in for might have all the facilities  you require for a good life. But a personal touch is always needed to give it a belonging-ness feel.  It would great to invest  time in adorning your the new home with imagination. This is a great way to connect with your new residence.

PART-II Positive Vibes in Home, Without Spending a Penny

Very often we talk about making positive changes in our life and withhold a positive attitude and aptitude. But in this constant need and demand for positive thinking, the atmosphere that surrounds us has a huge role to play. For instance, our house, if our living space attracts positivity, the occupants sure will benefit from it. Kids will go to school with a positive feeling, office goers will head to work motivated, and homemakers will fulfill their share of responsibilities happily.

But the big question is how to devise a home that attracts positive vibes. Well, evidently ancient architectural studies like Vastu and Feng Shui play a significant role here, and they prescribe some simple practices that we can follow in our day to day life to make our home the positivity secreting hub.

  1. Keep your Kitchen Tidy

It’s no less than a sacred place; it’s a place that fuels your soul, body, and mind. An unclean kitchen can trigger physical sickness and can also impact one’s emotional and mental well-being.

Remember to keep your sink free from dirty dishes all the time.

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2. Have a Garden

Even a small free patch in your balcony will do. According to Vastu plants help attract good fortune and prosperity. So, you do not need a big green spot even a small container by the window will do.

Read More: Stylish ways to integrate plants in your home 

3. Throw out the Broken

According to Feng Shui and Vastu experts, one should not keep broken things at home. So, if you have an old wall clock that doesn’t work anymore or an art work that you kids have damaged, it’s time to hang up on them.

4. No Blocks on the Balcony

The balcony is the getaway that allows the positive energy to entire your house. It also provides you with an unobstructed view of the sky, therefore never cover your balcony in the prospect of using the space for household work.

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5. Make that Bed Right

Make your bed in such a manner that is inviting, comforting and relaxing. If not done properly it can lead to health issues and cause sleepless nights. Remember to keep your bed neat and tidy.

6. Sad artwork at Bay

Vastu experts suggest that artwork depicting sadness, war or violence should not be used as décor pieces. They may be beautiful but will sure also hinder the free flow of positive energy.

7. Say bye to artificial use natural

Replace the artificial décor items with natural ones. For example instead of using artificial flowers and putting a stick on rangoli and electric diya go for natural flowers and traditional ways of home decoration.