Zameenwala jbp

28/05/2015

Demand for luxury homes do not go away as there are six different reasons rich and established segment of the society want to own these real estate offerings...

26/05/2015

Buying an under-construction property is a good investment option for many property investors. Here are some tips to maximise your gains on your investment...

26/05/2015

Buying an independent land/floor means sovereign choice to build a house depending on one’s own requirement and constraints. ..

23/03/2015

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mohit township, rimjha, mother teresa, karmeta road, nera iti chowk, jabalpur

23/03/2015

Quality construction: What does it really mean?

Home buyers often select properties on the basis of location advantages such as availability of public transport, shopping and hospitals.

Today, one of the factors one looks for while buying a home is quality construction.

A home buyer wants to ensure that the home will:

• Be safe and sound for its inhabitants
• Usable for a maximum possible amount of years
• Will not develop problems over time
• Have good resale value if one decides to sell it

These are aspects which are next to impossible to judge when a residential project is new or only a couple of years old. Naturally, most property developers will ensure that everything looks ship-shape on the surface even if they do not necessarily follow quality construction norms.
Even on the resale market, we will find that the current owners of a resale flat will undertake cosmetic touch-ups to make their home look as new and unflawed as possible. Banks do only a cursory check on a project’s overall construction quality while evaluating a home loan proposal.
It has become a common marketing practice for developers to claim that their projects are of high-grade construction. Those who do so without justification are aware that most home buyers are not equipped to make a value judgement on such claims.
Home buyers often select properties on the basis of location advantages such as availability of public transport, shopping and hospitals. In larger cities like Mumbai and Delhi NCR, plots in such locations are quickly snapped up by developers because they know that the location itself will sell their projects. Because of this, they will often develop these projects at the lowest possible cost because their greatest expense lies in the purchase of the plot.

How to judge construction quality To begin with, a developer’s brand is a fairly good indicator. Brand value has different meanings in different cities. For instance, the most reputed developer brands in a city like Mumbai also have the biggest price tags. Quality construction in their projects is assured, but so are ruinous property costs.
A developer’s brand evolves more on a reputation for consistently high quality in offered amenities and construction. Such a reputation spreads quickly by word of mouth and becomes a benchmark for overall value and quality. Because their reputation for quality construction is their primary ambassador in a very competitive market, branded builders employ only trusted contractors and ensure proper quality control throughout the construction process.
In other words, a builder’s brand status is a reasonably good guideline to follow. This holds true in new constructions by such a builder as well as resale properties in his projects. The most important hallmark of quality construction is that it endures.

There are various ways in which a home buyer can check on the general quality of construction:

• FOUNDATION

Patched cracks in a building’s exterior can be an indicator that the project has a faulty foundation. Other signs to look for are small cracks in walls of a flat, creaking or sticking doors and windows and improperly aligned or uneven floor, bathroom and kitchen tiles.

• DESIGN

A quality construction project is designed in such a way that the weight of the overall structure is evenly and scientifically distributed. Also, a developer focused on quality will not spare costs when it comes to providing detailed finishing and intricate detailing, both in the building’s common areas and within the residential units themselves.

• FIXTURES

Developers who pride themselves for quality construction do not allow their contractors to use cheap taps, window frames, door handles, electrical outlets and fittings. Likewise, common facilities such as lifts will be by established manufacturing brands and will be under a maintenance contract by a reputed facilities management agency. Any evidence of obscure, unfamiliar brands should be viewed with suspicion.

• PAINT

Cheap paint on walls and doors is easy to detect. Good paint on walls and wooden surfaces not only enhances their visual appeal but also prolongs the life of these surfaces. If one finds that cheap paint has been used, this is evidence that the developer does not feel that investing in good paint makes sense because the surfaces themselves are not made to last.

• CONCRETE QUALITY

The quality of the concrete used in a building depends on what grade of concrete has been used, what the concrete/sand ratio is and whether the concrete was allowed to cure for a sufficient amount of time. One rule of thumb is that it should not be too easy to drive a nail into the walls.

• OPEN AREAS AND LANDSCAPING

Though it may not be immediately obvious, the presence of sufficient open areas and landscaping has a symbiotic significance with relation to construction quality. The availability of open areas implies that the builder has not made filling every available square foot with sellable construction an objective. Similarly, aesthetically-done landscaping indicates that the buildings in a project are built to last and deliver value for the longest possible time.

21/03/2015

Buying a home?

Why personal finance matters Buying a home is perhaps the biggest life and personal finance decision to be made by a family, yet we often take that decision based on here say, emotions, past performance metrics that are thrown at us and zealous real estate developers who claim to increase the price every other day, creating a false sense of urgency and artificial demand.

The great Indian dream, owning a home, is an aspiration of almost everyone in the country. However, the impact on personal finances for going after this dream could have substantial negative down side. While, renting home is not always considered an aspiration, the positive impacts on personal finance are significant. A typical middle class family always wrestles with the thought of buying home vs. renting a home. Be it a first time home buyer or a home buyer who is looking to move up to the next big home, factors that often influence our decisions could be unrealistic in nature. But these are prevalent among the majority of the population. Renting a home or buying it has their share of advantages and disadvantages. Renting a home is always considered an expense in our households. While, buying a home is considered to be an investment into an asset that could provide significant returns, perhaps at levels greater than any other asset class such as equity or fixed income. Additionally, there has always been the social pressure on the middle class to be an owner rather than a renter. Buying a home is considered, a ticket to a superior standing in the social circles. Our physiological behavior patterns give us a sense of security, when we own a home. On the other and, renting home is still considered an option for the segment of people who have not made it yet. The decisions made on the basis of the above mentioned factors can often lead a family into a path of financial misery. The common problems we come across today include, buying a home that was out of reach, stretching finances to meet down payments, losing money in buying home too early, not preparing personal finances for the new outflows, not preparing for emergencies etc. These mistakes could have a lasting impact on the economic future of the family and hit specific and important goals such as child’s education, retirement planning, marriage of child, living a set lifestyle etc. This problem is exasperated in the section of the population which constitute the "first time home buyers", who probably aspire to move from a rented home to an own home. Buying a home is perhaps the biggest life and personal finance decision to be made by a family, yet we often take that decision based on here say, emotions, past performance metrics that are thrown at us and zealous real estate developers who claim to increase the price every other day, creating a false sense of urgency and artificial demand. It is essential that buying a home v/s renting a home decision be taken objectively based on the personal finances of the individual or the family, cost of buying, cost of renting, city of stay, duration of stay and willingness to move to another city.

While, emotional satisfaction is important, it cannot be allowed to cloud better judgment.

21/03/2015

Zaminwala.in is one of the leading and professionally managed real estate marketing company.our companies knowledge, expertise and experience with technology and uses this unique alloy to help clients make productive real estate decisions.

19/03/2015