Factors That Influence the Market Value Of Your Home

A house is made of walls and beams; a home is made of love and dreams. In fact, we spend our lifetime savings to buy the best house for our family. A home is, indeed, a lifetime investment and if by any chance, we have to put it out in the listings for sale, we leave no stone unturned to ensure that it fetches the best possible price. To get this, before analyzing the property trends and rushing to property agents the first thing you should do is to identify the major factors that affect the market value of your home.

There are many factors that can affect the price of your home. From the location and connectivity to the basic amenities and the upgrades made, anything can affect the market value of your home. That said; here are the 5 major factors that can appreciate or depreciate your home value.

#1 House Age And Renovation
The age of your house is also instrumental in affecting the price of your house. We’re not talking about the historic-type old houses here, they undoubtedly fetch a big sum; what we’re talking about are the houses that are three to five decades old. Such houses can be a hard sell. However, if the timely renovation have been done and the house is decked up with all the latest amenities and interiors like a modular kitchen, well-tiled modern bathroom, and other necessary upgrades, it will definitely appreciate the value of your home a notch higher

#2 Location
The top factor that can be decisive in determining the value of your house is the location. Where your house is located, whether it is nearby schools and higher education institutes or not, what are the nearby medical facilities and how connected the area is in terms of transportation; all these play an important role in raising or dropping the market value of your house. Proximity to local markets, shopping complexes and, recreational centers also plays an important role in determining the value of your home.

#3 Distance From Commercial Hubs And Industries
A house located near a commercial hub attracts more buyers than one that is at a located far away. Buyers seek a house in a location that is easy to commute from their offices, and if your house is near a commercial hub, more buyers would be interested in the property. So, if your house is near an IT hub or any other business and commercial hub, your house value would certainly increase. Contrary to that, if your house is located near an industry, chances are, it may have a negative effect on the property price. Industries give away toxic pollutants in the surrounding and even make a lot of noise; therefore, buyers tend to stay away from houses near an industry which depreciates the value.

#4 Parking Space
Lack of parking spaces is increasingly becoming an important issue in metropolitans as well as in cities and towns. According to a recent study, having a single parking space added to the house can increase the property value by up to 5%. The reason being that 90% of the populace today has a vehicle of their own and would certainly show more interest in a property where they can park their vehicles safely than the ones that do not offer this facility. No wonder that parking space availability act as a major decisive factor for the price rise or drop for residential & commercial properties for sale.

#5 History Of The Place
If your home has had some history like getting flooded, pest attack or fire incident, it may attract fewer buyers as they may doubt the strength of the foundation. Other negative events like a suicide, criminal activity or sudden death may also be a reason for buyers to put a low price for your property. Any negative event in the history of the house can make your home a hard sell and depreciate its value.

Ahmedabad Real Estate Still Has The Charm

Ahmedabad is a beautiful city slumping in the state of Gujarat. Giving haven to a considerable population and also providing them profuse opportunity to earn a living and have a quality lifestyle, Ahmedabad induces many real estate investors to come and invest here. From past few years, investors both Indian and NRIs are getting attracted to the city like bees get attracted to the honey. People looking for homes in and around city are opting to buy residential properties in Ahmedabad, since the homes are very affordable here.

Overview of Residential Properties in Ahmedabad

The homes in Ahmedabad are contrived to have all basic and modern amenities like electricity, water supply, swimming pools, good security system, etc. The homes are also near to parks, playgrounds, and health clubs.

The potential buyers yenning to purchase properties here can choose according to their budget. Whether one needs an affordable accommodation or the most luxurious one, there is a perfect property for everyone here.

Budget friendly properties include 2 and 3 BHK flats and apartments. And if one is looking for an elite and stupendous sort of a residence, then one can choose from the astoundingly impressive villas and condos.

Buying a residential property here does not involve any intricacies and hassles. Most of the sellers accept payment by installments.

Ahmedabad is the hybrid of clean and fresh environment and pompousness of an urban life. Many dream to have a home in a place like this which has nature coexisting peacefully with the concrete. In the past few years the prices of the residential properties straggling on the peripheries of Ahmedabad has skyrocketed. The real estate investors looking for a worthwhile deal can think about investing in the properties here for good returns. Whether one is coveting to invest in 3 BHK property or a 4 BHK property, one can find a suitable property without much effort. Start searching for your favorite property through local registered Ahmedabad real estate agents or other sources like web portals, magazines etc.

5 Factors That Affect The Market Value Of Your Home

A house is made of walls and beams; a home is made of love and dreams. In fact, we spend our lifetime savings to buy the best house for our family. A home is, indeed, a lifetime investment and if by any chance, we have to put it out in the listings for sale, we leave no stone unturned to ensure that it fetches the best possible price. There are many factors that can affect the price of your home. From the location and connectivity to the basic amenities and the upgrades made, anything can affect the market value of your home. That said; here are the 5 major factors that can appreciate or depreciate your home value.

To get this, before analyzing the property trends and rushing to property agents the first thing you should do is to identify the major factors that affect the market value of your home.

#1 House Age And Renovation

The age of your house is also instrumental in affecting the price of your house. We’re not talking about the historic-type old houses here, they undoubtedly fetch a big sum; what we’re talking about are the houses that are three to five decades old. Such houses can be a hard sell. However, if the timely renovation have been done and the house is decked up with all the latest amenities and interiors like a modular kitchen, well-tiled modern bathroom, and other necessary upgrades, it will definitely appreciate the value of your home a notch higher.

#2 Location

The top factor that can be decisive in determining the value of your house is the location. Where your house is located, whether it is nearby schools and higher education institutes or not, what are the nearby medical facilities and how connected the area is in terms of transportation; all these play an important role in raising or dropping the market value of your house. Proximity to local markets, shopping complexes and, recreational centers also plays an important role in determining the value of your home.

#3 History Of The Place

If your home has had some history like getting flooded, pest attack or fire incident, it may attract fewer buyers as they may doubt the strength of the foundation. Other negative events like a suicide, criminal activity or sudden death may also be a reason for buyers to put a low price for your property. Any negative event in the history of the house can make your home a hard sell and depreciate its value.

#4 Parking Space

Lack of parking spaces is increasingly becoming an important issue in metropolitans as well as in cities and towns. According to a recent study, having a single parking space added to the house can increase the property value by up to 5%. The reason being that 90% of the populace today has a vehicle of their own and would certainly show more interest in a property where they can park their vehicles safely than the ones that do not offer this facility. No wonder that parking space availability act as a major decisive factor for the price rise or drop for residential & commercial properties for sale.

#5 Distance From Commercial Hubs And Industries

A house located near a commercial hub attracts more buyers than one that is at a located far away. Buyers seek a house in a location that is easy to commute from their offices, and if your house is near a commercial hub, more buyers would be interested in the property. So, if your house is near an IT hub or any other business and commercial hub, your house value would certainly increase. Contrary to that, if your house is located near an industry, chances are, it may have a negative effect on the property price. Industries give away toxic pollutants in the surrounding and even make a lot of noise; therefore, buyers tend to stay away from houses near an industry which depreciates the value.

Ahmedabad: Top Corporate Realty Market of India

Ahmedabad has emerged as the biggest commercial real estate market in India. According to the latest CB Richard Ellis (CBRE) report, this city has been a leader for the past five years in terms of office space stock and office space absorption trends.

“Ahmedabad’s investment grade office stock grew exponentially from less than 20 million square feet in the early 2000s to 127 million square feet in 2015-at a compound annual growth rate (CAGR) of 13 per cent over the last 15 years. This has placed the city well ahead of other leading Indian office hubs”, CBRE said in a statement.

Top Corporate Realty Market of India

A combination of factors are responsible for making Ahmedabad the most sought after corporate realty destination. Some of the most critical factors have been discussed below:

IT/ITES sector:

Known as the Silicon Valley of India, Ahmedabad has witnessed phenomenal growth in the IT/ITES sector since the early Y2K controversies. Home to more than 40% of the total IT companies in India, the city still continues to attract foreign investment because of supportive government policies, conducive to growth culture and exceptional talent pool. This trend has created a huge demand for commercial real estate spaces in the city for constructing retail spaces, commercial office spaces, IT city centres and IT parks.

Connectivity:

Another reason why this city is considered as a preferred base for corporates is its excellent connectivity. Ahmedabad is home to the third largest airport in India, it is a major railway hub, and has convenient access to major economic centres of India – Mumbai-Pune region, Hyderabad, Chennai and the West Coast. In addition, the city’s local transportation network is superior to that of most other cities in India.

Growth of E-commerce and Global Captive Centres (GCCs):

Off late, major demand for commercial real estate in Ahmedabad is coming from e-commerce players and on-demand car-sharing players. Also, this city plays host to the largest number of GCCs in India, contributing to increasing demand of commercial real estate.

Breeding Ground for Start-Ups:

The booming technology sector, availability of a huge talent pool and stable government has made Ahmedabad a fertile base for starting and running successful businesses. This flourishing start-up culture is also responsible for boosting the demand for commercial realty in Ahmedabad.

Talent Pool:

Ahmedabad is home to many internationally renowned management, medical and engineering colleges. The availability of highly qualified skill pool has been one of the major reasons why corporates prefer to establish their operations in this city.

Therefore, it is evident that Ahmedabad has all the potential to sustain its position as a leader in corporate realty market in India.

Insanely Unique and Mind Blowing Buildings Around the World – Part 1

Indira Gandhi Planetarium, India

“Situated at Surajkund Park, it is a novel attraction of the city. The Saturn shaped building of the planetarium is unique of its kind.” Indira Gandhi Planetarium building is in unique Saturn shape with its five rings. The 21 meter diameter spherical building of the planetarium rest on platform, which is especially designed to give an idea of crater formation on celestial bodies. The platform is surrounded by waterpool with fountains.

Montana Magica Lodge, Chile

A strange volcano-like building spews water instead of lava; its welcoming windows embellish with moss and vines, complementing the surrounding trees.

Deep in southern Chile lies the Montana Magica Lodge – an extraordinary hotel hidden away in the centre of a 300,000-acre private nature reserve. It might be completely artificial but the Montana Magica lodge in Chile even ‘erupts’ every day, sending water running down the outside of the 13-room guest house. This incredible, mind-blowing building is startlingly beautiful, and is nestled in the heart of a gorgeous natural reserve in South America.

Singapore Pavilion, Singapore

The music-box-like Singapore Pavilion is a two-story structure with an “Urban Symphony” theme. The theme is inspired by the harmony of unique elements in Singapore: progress and sustainability, urbanization and greenery, tradition and modernity and a cosmopolitan mix of residents of different races living peacefully together. The pavilion incorporates an orchestra of elements into its design – music fountains, an interplay of sounds and visuals, and roof garden flora, with the country’s unique rhythm and melody.

Toilet-Shaped House, South Korea

The Toilet-Shaped House has a very unique design, and was built by Sim Jae-duck, the chairman of the organizing committee of the Inaugural General Assembly of the World Toilet Association, and he hopes his toilet house will highlight the global need for better sanitation.

Sutyagin House, Russia

The Sutyagin House was a wooden structure in Arkhangelsk, Russia. The 13-story, 144-foot tall residence of a local entrepreneur Nikolai PetrovichSutyagin was reported to be the world’s tallest wooden house. Constructed by Sutyagin and his family over 15 years, without formal plans or a building permit, the structure deteriorated while Sutyagin spent a few years in prison on racketeering charges.

Piano and Violin Building, China

This unique piano house was built recently in An Hui Province, China. Inside of the violin is the escalator to the building. The building displays various city plans and development prospects in an effort to draw interest into the recently developed area.This unusual Piano and Violin shaped building built in 2007 serves as showroom for exhibiting the plans for newly created district of Shannan in Huainan City, China.The transparent Violin houses the escalators and the staircase for the main piano building which displays various plans and development prospects for newly developed area.

Nautilus House, Mexico

The Nautilus house located near Mexico City is a unique shell shaped house designed by Mexican architect Javier Senosiain of ArquitecturaOrganica. The house design is very innovative, unusual and audacious. Javier Senosiain decided to bring the life aquatic into architecture.

PricewaterhouseCoopers Building, United Kingdom

The PricewaterhouseCoopers building claimed to have the title of the most environmentally friendly building in London. This marvelous structure makes use of renewable energy sources and integrates an advanced IT system. This system lets workers change the light and temperature in their space to suit their individual needs.

Masdar City, Abu Dhabi

The low-carbon development of Masdar City has an integral role in transforming Abu Dhabi’s economy from an oil foundation to one with a knowledge and innovation base. It serves as a centralised test bed for global renewable energy and technology companies. The city itself is designed to maximise convenience and reduce environmental impacts.

Crystal Island, Russia

This eye-catching building,crystal island in Moscow is set to become the world’s largest building. Enclosed within a vast mega structure covering a total floor area of 2.5million square metres – the project’s scale is unprecedented. At 450m the scheme in one of the tallest structures enclosing the largest volume, on the planet. It also creates a spectacular new emblem on the Moscow skyline. Conceived as a self-contained city within a city, it contains a rich mix of buildings including museums, theatres and cinemas, to ensure that it is a major new destination for the whole of Moscow.