Real Estate Sector receives a boost during Diwali

Festive season are always the best to shop, sell and do any kind of deals that you want because everybody is in a jolly mood and everybody wishes to spread happiness and peace in the society. Moreover according to some people that believe in the stars and moon positions, the time during Diwali is very auspicious and the star, sun and moon positions are appropriate for making any kind of deal. In Diwali there is one day dedicated wholly to any and every kind of monetary and financial deal called as the dhanatrayodashi meaning the day to worship goddess Lakshmi who is the goddess of money.

On this day people consider it very auspicious and lucky to have done any kind of monetary or financial deal and hence people are more willing to buy properties or give their properties to someone on these days. there are various offers that the property sellers, the real estate agents and the developers of the property put up on their project in regards to the festive season and so that their sales are doubled. It is said that in the festive season there is a decrease in the prices of houses and hence people browse for properties to buy at this time. There are various people who wait till this time to purchase their own home because they know that the prices will decrease. This has been happening for the past two to three years and hence people are anticipating a price fall in this year too.

As the prices of the properties are going down and there is no substantial development in the prices of new projects and properties that the builders have decided to launch, they are planning on various new offers and plans that can give the best to their customers. The sellers have realized that there is no more the age of manipulating people but you have to keep a very nice and clean record with them and always keep a good image of yours in front of them. This will help them to choose you when your properties are out and also some well-known builder’s properties are out. The builders and the buyers actually wait for this festive season anticipating that the prices will rise and the prices will decrease respectively.

Everyone has a different take on this as the builders sees the industry and this season differently while the buyer and the customer sees this season differently. The best way to be correct about the rise of the fall is to research for you, read few things, watch few interviews and informative stories and then anticipate the rise of the fall. You have to have knowledge in the field to know if you are right or wrong and what better ways to gain knowledge than to see the news and read up comments and views of the professional real estate industrialist.

The reason for this is that if tomorrow you decide to look for flats  in Bangalore to buy and you are actually anticipating a price fall in the city during the Diwali time, but if that doesn’t happen then all your pain and efforts will be washed away in vain. Hence it is always better to be sure by searching and researching and doing a lot of ground work before you take any decision. One simply cannot go and buy a property. Wait for some time, see if there is going to be a rise or fall and then decide where do you want to buy a property and when.

---- Thanks for reading RealT Horizon J ----

What kind of precautions you should take while staying in Rented Home?

Renting an apartment or a paying guest accommodation can be a pleasant as well as a bad experience depending on the type of the landlord you are bestowed with. Renting in itself is such a daunting and challenging task and when you have a troublesome landlord or property manager your life will surely become very problematic and stressful. But in case you want to make sure that you are stressful and desiring to lead a hassle free life you make undertake certain precautionary measures and steps.

Security & Safety Concerns

In respect to the point as a renter your security and safety concerns are highly important and must be given importance as well. You must make sure to live in close vicinity to other tenants or a place where there are shops, ATMs, hospitals, pharmacy, restaurants situated nearby. The safety of the locality must be evaluated and you should ensure to get protected from burglary and intrusion from unknown people and strangers before signing the lease and depositing the advance payment.

Cooperate with the Landlord

Renting an apartment or staying in a paying guest in Bangalore doesn’t only involve the relationship of paying the rent every month. You can become friendly with the landlord and even provide help or any kind of assistance whenever the situation arrives. This gives you an edge over other tenants and the landlord will also be polite and friendly with you in return. In terms of price hike or any other issues you can request him and put forward clauses that are convenient for you. Furthermore, you must avoid situations of arguments and try to cooperate with the landlord. This is beneficial for you as a tenant.

Know your Tenancy Rights

There is a tenancy agreement that is signed between you and the landlord and it provides with certain amount of rights for both of you. You need to know your rights well. For instance, as a renter you have the full right to stay in the rental house within the given lease period. Similarly the landlord has the right to ask for the monthly rental in the specific date mentioned. You must ensure to abide by the tenancy laws and regulations that have been set by the landlord and mentioned in the lease paper. 

Getting a Renter's Insurance

If you get a renter’s insurance, you have the option of protecting the value of your possessions in case they are destroyed or stolen. Your landlord might provide you with one but usually covers the building that you live in and not for your personal belongings. If you explore the market, you will come across so many insurance companies that will offer the policies particularly for the renter and covers all your property belongings at full replacement costs. In case of a liability lawsuit where you are held responsible for damaging other tenant’s property, the renter’s insurance can protect you as well. In the situations like theft, fire or any adverse weather conditions the renter’s insurance is a very good option to consider as you get the boost to recover from the losses and start all over again.

------ Thanks for reading RealT Horizon J ------

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