Thursday, February 18, 2016
Friday, February 5, 2016
Monday, February 1, 2016
Ireo Projects in Gurgaon
Projects By Ireo Developers in Gurgaon
1. Ireo Grand Arch
- Sector 58, Gurgaon
- 2,3,4 BHK Apartments
- Starting 1.4 Cr
2. Ireo Uptown
- Sector 66, Gurgaon
- 2,3,4 BHK Apartments
- Starting 1.05 Cr
3. Ireo Victory Valley
- Sector 67, Gurgaon
- 2,3,4 BHK Apartments
- Starting 1.32 Cr
4. Ireo Skyon
- Sector 60, Gurgaon
- 2,3,4 BHK Apartments
- Starting 1.4 Cr
5. Ireo Gurgaon Hills
- Gwal Pahari, Gurgaon
- 3,4 BHK Bareshell Apartments
- Starting 6.2 Cr
6. Ireo Corridors
- Sector 67A, Gurgaon
- 2,3,4 BHK Apartments
- Starting 1.2 Cr
Saturday, February 7, 2015
10 Best-Kept Secrets for Buying a Home
Buying Secret #10: Keep Your Money Where It Is
It’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t want to take any big chances with your credit profile. Lenders need to see that you’re reliable and they want a complete paper trail so that they can get you the best loan possible. If you open new credit cards, amass too much debt or buy a lot of big-ticket items, you’re going to have a hard time getting a loan.
It’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t want to take any big chances with your credit profile. Lenders need to see that you’re reliable and they want a complete paper trail so that they can get you the best loan possible. If you open new credit cards, amass too much debt or buy a lot of big-ticket items, you’re going to have a hard time getting a loan.
Buying Secret #9: Get Pre-Approved for Your Home Loan
There’s a big difference between a buyer being pre-qualified and a buyer who has a pre-approved mortgage. Anybody can get pre-qualified for a loan. Getting pre-approved means a lender has looked at all of your financial information and they’ve let you know how much you can afford and how much they will lend you. Being pre-approved will save you a lot of time and energy so you are not running around looking at houses you can't afford. It also gives you the opportunity to shop around for the best deal and the best interest rates. Do your research: Learn about junk fees, processing fees or points and make sure there aren’t any hidden costs in the loan.
There’s a big difference between a buyer being pre-qualified and a buyer who has a pre-approved mortgage. Anybody can get pre-qualified for a loan. Getting pre-approved means a lender has looked at all of your financial information and they’ve let you know how much you can afford and how much they will lend you. Being pre-approved will save you a lot of time and energy so you are not running around looking at houses you can't afford. It also gives you the opportunity to shop around for the best deal and the best interest rates. Do your research: Learn about junk fees, processing fees or points and make sure there aren’t any hidden costs in the loan.
Buying Secret #8: Avoid a Border Dispute
It’s absolutely essential to get a survey done on your property so you know exactly what you’re buying. Knowing precisely where your property lines are may save you from a potential dispute with your neighbors. Also, your property tax is likely based on how much property you have, so it is best to have an accurate map drawn up.
It’s absolutely essential to get a survey done on your property so you know exactly what you’re buying. Knowing precisely where your property lines are may save you from a potential dispute with your neighbors. Also, your property tax is likely based on how much property you have, so it is best to have an accurate map drawn up.
Buying Secret # 7: Don’t Try to Time the Market
Don’t obsess with trying to time the market and figure out when is the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if you try to wait for the perfect time, you’re probably going to miss out.
Don’t obsess with trying to time the market and figure out when is the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if you try to wait for the perfect time, you’re probably going to miss out.
Buying Secret # 6: Bigger Isn’t Always Better
Everyone’s drawn to the biggest, most beautiful house on the block. But bigger is usually not better when it comes to houses. There’s an old adage in real estate that says don’t buy the biggest, best house on the block. The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to re-sell. Your home is only going to go up in value as much as the other houses around you. If you pay 2 cr for a home and your neighbors pay 1 cr to 1.5 cr your appreciation is going to be limited. Sometimes it is best to is buy the worst house on the block, because the worst house per square foot always trades for more than the biggest house.
Everyone’s drawn to the biggest, most beautiful house on the block. But bigger is usually not better when it comes to houses. There’s an old adage in real estate that says don’t buy the biggest, best house on the block. The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to re-sell. Your home is only going to go up in value as much as the other houses around you. If you pay 2 cr for a home and your neighbors pay 1 cr to 1.5 cr your appreciation is going to be limited. Sometimes it is best to is buy the worst house on the block, because the worst house per square foot always trades for more than the biggest house.
Buying Secret #5: Avoid Sleeper Costs
The difference between renting and home ownership is the sleeper costs. Most people just focus on their mortgage payment, but they also need to be aware of the other expenses such as property taxes, utilities and homeowner-association dues. New homeowners also need to be prepared to pay for repairs, maintenance and potential property-tax increases. Make sure you budget for sleeper costs so you’ll be covered and won’t risk losing your house.
The difference between renting and home ownership is the sleeper costs. Most people just focus on their mortgage payment, but they also need to be aware of the other expenses such as property taxes, utilities and homeowner-association dues. New homeowners also need to be prepared to pay for repairs, maintenance and potential property-tax increases. Make sure you budget for sleeper costs so you’ll be covered and won’t risk losing your house.
Buying Secret #4: You’re Buying a House – Not Dating It
Buying a house based on emotions is just going to break your heart. If you fall in love with something, you might end up making some pretty bad financial decisions. There’s a big difference between your emotions and your instincts. Going with your instincts means that you recognize that you’re getting a great house for a good value. Going with your emotions is being obsessed with the paint color or the backyard. It’s an investment, so stay calm and be wise.
Buying a house based on emotions is just going to break your heart. If you fall in love with something, you might end up making some pretty bad financial decisions. There’s a big difference between your emotions and your instincts. Going with your instincts means that you recognize that you’re getting a great house for a good value. Going with your emotions is being obsessed with the paint color or the backyard. It’s an investment, so stay calm and be wise.
Buying Secret #3: Give Your House a Physical
Would you buy a car without checking under the hood? Of course you wouldn’t. Hire a home inspector. It’ll cost you but could end up saving you much. A home inspector’s sole responsibility is to provide you with information so that you can make a decision as to whether or not to buy. It’s really the only way to get an unbiased third-party opinion. If the inspector does find any issues with the home, you can use it as a bargaining tool for lowering the price of the home. It’s better to spend the money up front on an inspector than to find out later you have to spend a fortune.
Would you buy a car without checking under the hood? Of course you wouldn’t. Hire a home inspector. It’ll cost you but could end up saving you much. A home inspector’s sole responsibility is to provide you with information so that you can make a decision as to whether or not to buy. It’s really the only way to get an unbiased third-party opinion. If the inspector does find any issues with the home, you can use it as a bargaining tool for lowering the price of the home. It’s better to spend the money up front on an inspector than to find out later you have to spend a fortune.
Buying Secret #2: The Secret Science of Bidding
Your opening bid should be based on two things: what you can afford (because you don’t want to outbid yourself), and what you really believe the property is worth. Make your opening bid something that’s fair and reasonable and isn’t going to totally offend the seller. A lot of people think they should go lower the first time they make a bid. It all depends on what the market is doing at the time. You need to look at what other homes have gone for in that neighborhood and you want to get an average price per square foot. Sizing up a house on a price-per-square-foot basis is a great equalizer. Also, see if the neighbors have plans to put up a new addition or a basketball court or tennis court, something that might detract from the property’s value down the road.
Your opening bid should be based on two things: what you can afford (because you don’t want to outbid yourself), and what you really believe the property is worth. Make your opening bid something that’s fair and reasonable and isn’t going to totally offend the seller. A lot of people think they should go lower the first time they make a bid. It all depends on what the market is doing at the time. You need to look at what other homes have gone for in that neighborhood and you want to get an average price per square foot. Sizing up a house on a price-per-square-foot basis is a great equalizer. Also, see if the neighbors have plans to put up a new addition or a basketball court or tennis court, something that might detract from the property’s value down the road.
Today, so many sellers are behind in their property taxes and if you have that valuable information it gives you a great card to negotiate a good deal. To find out, go to the county clerk’s office.
Sellers respect a bid that is an oddball number and are more likely to take it more seriously. A nice round number sounds like every other bid out there. When you get more specific the sellers will think you've given the offer careful thought.
Buying Secret #1: Stalk the Neighborhood
Before you buy, get the lay of the land – drop by morning noon and night. Many homebuyers have become completely distraught because they thought they found the perfect home, only to find out the neighborhood wasn’t for them. Drive by the house at all hours of the day to see what’s happening in the neighborhood. Do your regular commute from the house to make sure it is something you can deal with on a daily basis. Find out how far it is to the nearest grocery store and other services. Even if you don’t have kids, research the schools because it affects the value of your home in a very big way. If you buy a house in a good school district versus bad school district even in the same town, the value can be affected as much as 20 percent.
Before you buy, get the lay of the land – drop by morning noon and night. Many homebuyers have become completely distraught because they thought they found the perfect home, only to find out the neighborhood wasn’t for them. Drive by the house at all hours of the day to see what’s happening in the neighborhood. Do your regular commute from the house to make sure it is something you can deal with on a daily basis. Find out how far it is to the nearest grocery store and other services. Even if you don’t have kids, research the schools because it affects the value of your home in a very big way. If you buy a house in a good school district versus bad school district even in the same town, the value can be affected as much as 20 percent.
Selling a House? Tax Changes You Need to Know
Finance Minister Arun Jaitley in his first Budget proposed changes to income tax laws related to capital gains from property sale. The finance minister put a cap on the amount of tax-saving by investing long-term capital gains from property sale in specified bonds, also called as capital gains bonds. Mr Jaitley also clarified that investment should be made in one residential house property situated in India for availing long-term capital gains benefit.
As per the current income-tax rules, long-term capital gains on sale of a property held for three years, attracts 20 per cent tax. Exemptions are granted under certain conditions. These the proposed changes to the income tax laws.
Capital gain exemption on residential house property: As per the existing tax provisions, long-term capital gain arising from sale of a capital asset is exempt under Section 54/54F if invested in purchase or construction of a house property, subject to certain conditions. To get the captain gains exemption, the assessee needs to purchase the new residential house within a period of one year before or two years after transfer of the original house. For under-construction properties, the construction needs to be completed within three years from the date of transfer of the original house.
It has now been clarified that the investment for getting capital gains benefit should be made in one residential house property situated in India, not abroad. This amendment will apply in relation to the assessment year 2015-16 and subsequent years.
Investment in bonds for availing long-term capital gains exemption: Many investors, who sell properties, save tax on long-term capital gains by investing the capital gain amount in specified bonds, also called as capital gains bonds. A tax payer who wishes to claim the exemption from long-term capital gains has to invest the amount in the capital gains bonds within six months from the date of sale or before the filing of returns, whichever is earlier. This benefit is available under Section 54- EC of the Income Tax Act 1961 up to a limit of Rs. 50 lakh in a single financial year.
It has now been clarified that the total of exemption in respect to long-term capital gains for investment in capital gains bond shall be restricted to Rs. 50 lakh. This amendment will apply in relation to the assessment year 2015-16 and subsequent years.
Advance received for sale of property and forfeited: It has been proposed to tax any advance received and later forfeited by individuals for sale of a capital asset like flats if the transaction does not happen. If negotiations don’t result in transfer of the capital asset and such money taken in advance is forfeited by the assessee, then the amount will be taxed in the same year under the head of ‘income from the other sources’. Under the existing provisions, such amount could be reduced from the cost of acquisition of the asset subsequently in the year of sale of the capital asset while determining capital gains. This amendment will apply in relation to the assessment year 2015-16 and subsequent years.
As per the current income-tax rules, long-term capital gains on sale of a property held for three years, attracts 20 per cent tax. Exemptions are granted under certain conditions. These the proposed changes to the income tax laws.
Capital gain exemption on residential house property: As per the existing tax provisions, long-term capital gain arising from sale of a capital asset is exempt under Section 54/54F if invested in purchase or construction of a house property, subject to certain conditions. To get the captain gains exemption, the assessee needs to purchase the new residential house within a period of one year before or two years after transfer of the original house. For under-construction properties, the construction needs to be completed within three years from the date of transfer of the original house.
It has now been clarified that the investment for getting capital gains benefit should be made in one residential house property situated in India, not abroad. This amendment will apply in relation to the assessment year 2015-16 and subsequent years.
Investment in bonds for availing long-term capital gains exemption: Many investors, who sell properties, save tax on long-term capital gains by investing the capital gain amount in specified bonds, also called as capital gains bonds. A tax payer who wishes to claim the exemption from long-term capital gains has to invest the amount in the capital gains bonds within six months from the date of sale or before the filing of returns, whichever is earlier. This benefit is available under Section 54- EC of the Income Tax Act 1961 up to a limit of Rs. 50 lakh in a single financial year.
It has now been clarified that the total of exemption in respect to long-term capital gains for investment in capital gains bond shall be restricted to Rs. 50 lakh. This amendment will apply in relation to the assessment year 2015-16 and subsequent years.
Advance received for sale of property and forfeited: It has been proposed to tax any advance received and later forfeited by individuals for sale of a capital asset like flats if the transaction does not happen. If negotiations don’t result in transfer of the capital asset and such money taken in advance is forfeited by the assessee, then the amount will be taxed in the same year under the head of ‘income from the other sources’. Under the existing provisions, such amount could be reduced from the cost of acquisition of the asset subsequently in the year of sale of the capital asset while determining capital gains. This amendment will apply in relation to the assessment year 2015-16 and subsequent years.
Subscribe to:
Posts (Atom)