Thursday 25 June 2015

Facts to Know On Skilful Construction Companies in Chennai

It is the great task of constructing a new home and it will be purely relied on looking for a construction that can help you. Because this tends to be a key to your new home as it is an expensive one, you need a process of research before choosing some ideal real estate companies in Chennai. Be sure to find that before choosing a construction company for your home construction, you should ask them whether they were completed any residential project previously such as you consider. 
For example, if you have the idea of ​​constructing a home with more than a floor, make sure that the contract with the builder that has many years of experience in the real estate industry. Moreover, choosing a builder who focus on construction of multi floor building would help you, because they are the skillful people for constructing a multi floor home. Since then, security is always a big part in constructing a residential project and the need to pay great care for it. Of course, you need a good production of your home nightmare. 
Therefore, ask the construction company if you might take a demonstration on their old construction works. In another way, you can watch the photos of their completed project, or it is better to make a site visit, this helps you in gathering some ideas of ​​what to expect from them when it comes a completed projects of construction companies in Chennai. As you may have your own plan in mind for the home that you wish to construct. However, you can also come across some top companies that built some of the unusual projects. In this case, you could have other new ideas by visiting some of their other projects built by the company that you consider.
In addition, you can also advised to discuss with their former clients of the construction company that you need. Part of the time, a construction company could be taken countless, safe and capacity because it can be a difficult process, leaving them uncertain and anxiety customers all the time. Therefore, you can learn from previous clients, both business in question really listened and responded to their concerns. Similarly, you should also check the company tends to remain in contact with each client throughout the construction project, and tends to complete the projects on time. Thus, it is important that the company has contracted to stay in touch with you to tell you of any problems, delays or concerns they might have.
This usually leads to a result of higher quality and more during the process instead of discomfort on your part. Therefore, the company seeks to win are happy to meet you in these standards. In addition, if you find it inaccurate to control your doubts, you might have to move to other real estate companies in Chennai, which is next on your list. Using these methods, you feel confident that you get your dream home project you want.

Tuesday 23 June 2015

Eight Ways Real Estate Brokers Can Harness Social Media

1. Post About Property Listings
Posting your properties on your social media account does not only make your listings available to your friends online, it also serves as a sort of a catalog that your friends can share with their other friends on social media. The beauty of having your listings online is that it is accessible to everyone; it helps spread word-of-mouth referrals, too.
2. Create a Facebook Fan Page
Everyone’s on Facebook nowadays, which means it is almost a shame not to have one. Of course you would not want your personal account to be flooded with inquiries, so the best thing to do is to make your own Facebook fan page. It makes it more professional, plus the more likes your page gets, the more visibility it gets, too. Advertise the properties like you would advertise it in person; talk about the merits of your properties and the community surrounding it. Sharing your insights shows people that you are serious and knowledgeable about what you are selling.
3. Post Quality Photos
The beauty of social media is that you can post pictures along with captions describing each image. However, photo quality is paramount as pictures are definitely one of the deciding factors if your prospective clientele wants to have a look-see at your property. Highlight the good parts of the real estate you are selling. Get creative in presenting the quality properties you offer.
4. Use Twitter to Update Your Clients
An active Twitter account is always good to maintain; it shows your concern toward your clients and that you are proactive in connecting with them. It makes you more accessible for any questions or inquiries they may have, while you can also clarify matters about real estate they do not understand. It can also be an avenue for gaining more insights from your clients. Knowing what your clients want will help you assess a chunk of what your market wants.
5. Tag Your Existing Clients In New Property Listings
Tagging is good for existing clients and followers since you know they are already interested in your properties. Proceed with caution, though, as some people tend to be annoyed if they see random pictures on their wall. Note down those who are interested, and those who have inquired previously since they will mostly be the ones who will not mind. Do not worry if you think it will not reach as many people as you like. Chances are if they like your offers enough, they will tag their friends, too.
6. Post Real Estate News and Tips
News and tips about property are usually the ones that are reposted or shared on social media. Why? This offers practical information, even for those who are not real estate-savvy. You can reach beyond your existing market by helping pique their interest in real estate and offering useful information. Share articles that you think may be of help to your clients, give them your own tips—it helps make marketing more interactive and can lead prospective buyers to your listings.
7. Ask Questions
Engage your followers in opening up discussions about topics related to real estate, or just ask simple questions about how they want to set up their property, interior decorating matters, or what they are looking for in properties. The idea is to get a picture of what they are searching for. You are not only being interactive with your followers but you can also get ideas on what engages them. Again, a key to good marketing is knowing your clients and knowing what they want.
8. Use Your Hashtags Wisely
Hashtags are often overused these days, but they can be an advantage when used wisely. Since they are meant to say something about your posts, adding one hashtag your market take notices of may lead more clients to your listings. Make sure to use hashtags that actually represent what you are posting. Misleading keywords tend to turn people off.

Monday 22 June 2015

Why Rental House in Chennai is in Demand ?

Chennai is one of the busiest urban city in Tamilnadu as far as many IT corridors, Non-IT companies, automobile industries and different manufacturing organizations in its nearness. The city holds more and more migrants regularly for work openings and business travelers from distinctive places all over India and overseas. In this manner, making it a most preferred city for rental house in chennai, by chance if you are searching for a house where you can stay for short or long stay.

The city has reached a maximum growth level in terms of commercial and residential infrastructures, says the housing survey. As the rental homes was low in percentage for the past few years. However, the developments have changed property prices in the meantime. While, the rental house value has increased. Whereas, buying a property such as independent villa, flats or apartments has turned easy nowadays.

Why Rental House Location on Demand?

A main location is one of the key factor for rental house in Chennai. In this location, one can expect highly occupied residential and high rental costs. Many individuals choose main location to stay due to best connectivity with shopping malls, schools, colleges, tech park corridors and IT companies as well. These are also one of the main reasons for home rental in main locations. The main fact for upcoming rental homes is the emerging infrastructure and industrial developments in the metropolis. Besides, the homeowners in Chennai are keen to buy properties near IT industry corridors, as they can make more profit out of it. Thus, the residences that are located in the surrounding of all these facilities are in high demand among the people.

Especially the outskirts of the city are demanded high, as there are more rising numbers of manufacturing and automotive companies into the Chennai market, and have increased the job opportunities and given a new scope for many graduates. Therefore, many of the employees from IT, ITES and other various industries will be searching for rented house in Chennai.

Mainly, the outskirts of Chennai is on high demand, as there are more upcoming numbers of automotive companies and manufacturing units into the Chennai business market and have increased the employment opportunities, it has given a new scope for many graduates. However, Chennai as a mix-up locality has grown tremendously and have increased the target of rental house in Chennai. It better suits for people who would look to stay close to their workplace and the nearby vicinities. Still, it is wise to check all the other essential things before taking a home for rent in Chennai.

Things to Look When Searching For Builders in Chennai That Will Keep You Up

Be sure to select the best builders in Chennai before hiring one, at first you should ask for references. It is unusually important to take a customer satisfaction survey and an extremely beneficial to your home construction. You have to talk to their former customers about the benefits. However, they might come up with certain advantages and disadvantages. And look out the completed projects that the builder has done. This could be the most efficient way to measure the quality of the builders. You need to see and study at first. Ask the owner of the property if the builder have completed the project within the time frame and on plan. Ask them if there are some small changes or additional charges. The reason behind this alternative is if their style matches your own. The next thing you need to do is to get the largest possible number of estimates that you can start and compared. By doing this, it helps you in choosing the best builders in Chennai that you think is practical.

The facilities provided by some of the top builders in Chennai are taking an advantage on the small developers. They offer a comfort and convenience place for accommodation, where people can shop and spend their money. They offer all the amenities in their projects to serve everyone, as a school, kindergartens, sports, landscapes, gardens, children's park, swimming pool, supermarket, gym and many others, all these have pulled the fascination to buy home by many home seekers. So if you go to smaller builders will have to manage by yourself with these facilities before taking residential space in Chennai, also must choose a project in a location where all facilities are available.

In the home that you wish to construct, may have a plan to stay there as long term or short term, an option to consider would be the (Return on Investment). Your ultimate goal should be the best return on your investment on your property. The "Return on Investment" at these criteria, should give an identical focus on both. But just a little positive edge to small builders. If that you are proceeding to put on your upcoming residential project. Some builders in Chennai can give you better returns yet they are high cost. Whereas the profit returns of small builders are a bit depressed. Anyway, one should not overlook that they are comparatively cheaper. By considering all these factors, the top builders can also help you with the construction quality on building your dream home, and takes you to the next level of satisfaction.


What You Should Know While Choosing Real Estate Companies in Chennai

If you are building a new one or renovating your existing home, most of them take this as a valuable investment. Whereas it is a vital thing to find a right construction companies in Chennai. Furthermore, to construct your home it is important to check that the construction company are experienced to meet your requirements according to your choice. An ideal way to reach the right construction company is to perform an online search and collect lists of available information on construction companies. By doing this, you can very well come across some of the reputed real estate, construction companies, and it might turn difficult for you to choose the right one.



The initial best idea would be shortlisting a renowned real estate company in the metropolis. Meanwhile, there is some good choice of construction firms that could be easy to choose. In addition, you could ask for the list of their completed construction project details and former client feedback. Of course, you can have a general conversation regarding this with your office friends, neighbours and relatives circle, which will also help you in discovering real estate companies in Chennai. Therefore, make sure that a construction company that could provide you the best and professional construction services using quality construction materials and equipment. As a known thing, only a professional construction firms are capable of understanding your requirements and satisfy your needs in a positive way.
Determining the best construction companies will not be a hard job if you can spend time by making out some online research on available establishments and their services. Managing an online search are an honest option to select from a broad scope of construction companies of your option. In addition, you can get through their customer testimonials and user hints that can assist you to get a clear idea in search of your construction companies. Choose a company that offers a quality construction services at your projected costs. Thus, it is smart to take the construction companies in Chennai based on your demands.

Agreeing to this, when it comes while finding a perfect construction company in Chennai you need to take time on knowing the company's experience, which would assist you in growing your construction work made out better. A full building company is easy to find nowadays, and it is not hard for you to accomplish your dream house. Besides, you have to invest some additional effort on obtaining information from your acquaintances, relatives or the neighbour of the construction companies in Chennai that is starting to build your construction needs the way that you require. Watching all these let you grow a better results and a chance at the end of your building projects.

Thursday 18 June 2015

Buying a house for a family with toddlers? Here are tips

In India, most of the first-time home-buyers are of the age between 25-30. Amongst them, a lot are newly married and some having newborns and toddlers. Babies start crawling from the age of 7-8 months and roam around the house. They will start taking steps to walk as early as 9 months and if late, by 15-16 months. While buying a property, please keep this growing bundle of joy in mind and follow the steps below:

If you are lucky enough to buy from a builder who is willing to make small alterations, great. If that option isn't available or you are buying a home on resale, I recommend few alterations in the home.



1. Floor - Apart from cleanliness, you need to ensure that the floor is structurally smooth, with no protuberance which can hurt the baby's knees, palms or feet. Various types of flooring is offered by the builder which are sometimes optional too. Tiles, need to be fixed nicely and marble should be laid without any broken corners. Wooden floor quality should be of top quality and fixed evenly.

2. Electrical points - Preferably at a height where small children upto 5-6 years cannot reach. Plug points should not be left open and covered with holders available in the market. babies have small fingers and they tend to put their fingers inside these small holes. Switch points which are at lower level, like nest to bed, table lamp points should be covered with holders when unused & when in use, babies should not left unattended around those sockets.

3. Balcony railings - Designer railing look good and plenty have designs which are like straight steps where a child can easily climb like stairs! Please try to avoid such designs. If there's any vertical design which cannot be climbed upon, that's the best. Also notice if any sharp edges are there which can cut your child. These are mostly wrought iron and if cut by these your child will need immediate medical attention.

4. Grill - Better to be careful than sorry. Cover your balcony even if you are on first or second floor. Builders will generally have a standard design of grills for all occupants to make the building look good. Take help of their vendors to fix the same kind.

5. Window - Modern day apartment building has open windows with sliding shutters and is extremely risky for children who can push them open & peep. You may not always remember to lock it and even if you do, children will quickly learn how to open it too. Window grills are a must and if builder doesn't allow it on outer facade, fix them internally for your child's safety.

6. Planter box - Pen homes, Duplex, apartment with large patio or balcony will have provision of planter box which may be hanging out of the balcony or within the square-feet area. Firstly, choose plants which are child-health friendly. Chidren tend to put everything in their mouth. So, cactus with thorns or other poisonous/harmful plantation are a big no-no. Have tulsi, marigold, hibiscus etc. instead and drop rose even if it looks more pretty.

7. Kitchen - Open kitchen is a craze these days. It looks good and living dining area seems more specious, but responsibility increases. No sharp cutters like knife etc should be left on the floor or even on the kitchen-slab close to the child's reach, the waste bin should be covered hidden inside a closed cupboard, floor should be always clean. White goods like microwave, toasters, mixer should be stored at a height. Refrigerator should be locked, washing machine and dryer should not be front loading and switches of all these high-voltage gadgets should always be at a height and covered when unused. Design your kitchen accordingly.

8. Bathroom - Always keep the door closed. Keep the water closet covered, waste basket with a lid; hair dryer, shaving kit away, plug points at a height which are out of children's reach. Water buckets etc. not to be filled with water unnecessarily. Bathtub area closed with sliding glass door(shower curtain is not enough). Avoid auto-locks. A door with auto locks get locked if the baby pushes the door after getting in the bathroom. If bolts are used, should be at the top of the door and not near the handle where baby can also reach.

9. Wall paint - Emission of toxic materials from fresh paints inside the house could be harmful for babies. Try not to enter the home till the smell fades away. With some low-quality paints the smell never goes. Please check with your builder as to what quality paint is being used and if there's no choice to better it, pay additional amount to get a safe paint done.

10. Fan & Air-conditioner - Children bedrooms are not only about their floor, paint and furniture. Please make sure you don't place the bed right below the fan or directly under the blow of air-conditioner. Use good quality products which require lesser maintenance and consumes lesser electricity, makes no noise.....in a nutshell, the best quality. Even better than the master suite you will use.  

11. Staircase/internal lift - If you are buying a villa, row-house, penthouse, duplex or triplex there will definitely be internal staircase and sometimes a private lift. Be super-cautious. Fix small gate at the entrance of the stairs in lower floor as well as the higher floor to stop the baby from trying to crawl up or down. Spiral staircase is more risky(as there will be more gaps in between) than a three/two turn staircase with small landings. If you fix wooden planks, make sure it is fixed nicely without any uneven edges. Granites are generally more slippery, marble is extremely hard material and cold during winters. So, choose wisely.

At the end, being a responsible parent your focus should be more on safety measures than the beauty of the property you choose. A builder who is understanding and co-operating with your need should be chosen. Few large developers do not want to accommodate and they should also gradually get accustomed to the new-era "children/aged parents/pet friendly" homes as the requirement is changing. 'Beautiful' homes are no more the end of requirement.

Five reasons why developer`s reputation matters

Be it quality of the home or timely delivery of the home, the buyer is assured of peace of mind. Legal sanctions in place further ensure that there is no total loss of capital in future.

India’s economy is once again on a sure footing, and people across the country are now confident about buying homes. Purchasing a home is of course a huge investment, and therefore not something where there can be any margin for error – and yet, things can and often do go wrong.
One of the most common mistakes that many buyers of property commit is doing business with developers who lack established credentials. Dealing only with reputed real estate builders is the first line of defence against getting cheated out of one’s money, and being assured of buying a quality product.

How can one identify reputable, reliable developers from the huge number of builders constantly putting projects on the market? There are several defining factors:



1. Legal Sanctity Of The Project

Every residential and commercial building needs to get a variety of permissions from local and government bodies. Reputed developers will ensure that their projects have all the certificates and permissions required by the local authorities. Again, their reputation is at stake and they will not take such matters lightly.
All instances of illegal construction that one reads of in the papers today have one factor in common – these projects are by unscrupulous or inexperienced builders who either did not care to get their projects properly approved, or did not know of all the approvals and permissions that they need to obtain.

2. Timely Completion
In most cases, developers will offer their projects for sale before it has actually been completed. On purchasing a home in an under-construction project, the buyer is assured of a certain time-frame in which possession will be given.
Reputed developers will not push the possession timeline beyond a rational limit, firstly because they are adequately funded and secondly because they will under no circumstances jeopardize their credibility on the market. Most of the instances of irrationally delayed project completions involve new, under-capitalized and often struggling builders. Reputed developers can and will always stick to the schedule.

3. Zero-defect Homes
For reputed developers, credibility is the key to their brand recognition – it is their primary competitive advantage in the market. They will never offer a homes that have construction defects like bad electrical fittings/wiring, faulty plumbing, water seepage, bad drainage, etc. Quality construction also includes the right size and shape of rooms that are in sync with the overall project design.

4. Project's Structural Integrity
Quality control is an important part of every building construction being undertaken by a reputable developer. Their engineers will check and monitor every aspect of the construction process, including soil compactness, proper cement / sand ratio, slump testing, drainage engineering and earthquake resistance of the building.
This ensures that the project will not suffer from construction-related defects in the future. Choice-based remodeling aside, buyers will not have to pay for structural repairs in the future.

5. Adequate Amenities
Reputed developers know that it takes more than four walls to make a home, and will always strive to offer a good lifestyle to their customers. They will always provide facilities like proper parking spaces, adequate security, internal access roads, playgrounds, clubhouses and aesthetically landscaped open spaces in their projects.
Fly-by-night developers, on the other hand, will look to provide only the barest essentials in order to keep their prices as low as possible, since their main aim is to attract non-discerning, budget-strung buyers who do not look beyond their financial restrictions.

It goes without saying that a home in a project by a reputable, credible developer will cost more than the threadbare offerings of anonymous local builders, but it is always worth it. If one chooses to patronize smaller, inexperienced developers, the only attraction will lie in the price – but the price one pays is actually much bigger than the one in the agreement.
Problems related to construction legality, lack of security and spurious engineering quality can result in massive future costs and in the case of outright illegal buildings even a total financial loss. Additional amount paid to a reputable, trustworthy developer is an investment one makes into security, peace of mind and a high-quality environment for the family.


Monday 15 June 2015

The Truth About Being a Real Estate Agent

There are lots of different ways to find out the truth of being a real estate agent. So, we’ve gathered 15 real estate info graphics that show the unglamorous truth of being a real estate agent. Most agents will tell you that they truly enjoy being a real estate agent, but they may not tell you all of the things that they have to deal with to maintain this career they love to do every day. Let’s take a look at these info graphics to better understand what they have to do.


  • What Does It Cost to Be a Real Estate Agent: Here is a look at the unfortunate costs of being a real estate agent. It’s not all money coming in; there are business expenses that need to be paid as well.
  • 10 Customer Service Skills for Real Estate: This real estate info graphic discusses the necessities of good customer service skills that a real estate agent must have to be successful. It’s a LOT of dealing with people.
  • Real Estate Agents and Social Media: Some people just want to use social media to connect with friends. Real estate professionals know that using social media to promote their profession can be tiresome but incredibly beneficial.
  • 12 Real Estate Agent Expenses: Real estate agents have lots of expenses that they have to manage on the job.
  • Rich Real Estate Agent, Poor Real Estate Agent: A rich real estate agent is a lot different from a poor real estate agent. The main difference is their thoughts and attitudes toward their outlook on their profession. Successful real estate agents know that this career requires work to be put into it.
  • Top 10 Real Estate Agent Safety Tips: This real estate info graphic discusses real estate agent safety tips. Many agents forget to always stay safe when working with unknown clients for the first time, which adds some stress to this profession.
  • How to Budget Commission: Aside from expenses, real estate agents need to understand how they should budget their commission to stay afloat between selling homes.
  • 5 Warning Signs of Difficult Real Estate Clients: Difficult clients can be hard to deal with, but real estate agents know ways of working with them. This real estate info graphic shows the consequences of working with difficult clients and how agents can learn to work with them.
  • The Effect of Election Years on House Prices: Real estate agents need to worry about more than just who is going to be the next president; they have to deal with the positive and negative effects on housing prices that come with an election year.
  • What Does a Real Estate Agent Do Every Day: What a real estate agent does every day defines their life and career. Here is a look at some things that may seem tedious but are incredibly crucial to be a successful agent.
  • The Price is Right: How real estate agents work, earn, and spend, is all factored into the job. Take a look here to understand how a real estate agent should manage these very important factors.
  • Top 5 Threats to the Housing Market in 2015: Threats to the housing market can be a scary thing for real estate agents.
  • Realtor Fees – Why So Much?: Real estate agent fees are a constant occurrence in the real estate business. Whether it is to their brokerage or office space monthly costs, real estate agents know the fees that come with selling homes.
  • The Formula for Success: Real estate agents understand that to make the amount of money they want to make in a year, they are going to have to sell a certain amount of homes. Depending on how much they want to make in real estate, the number of homes that they sell may be higher the average agent.
  • Top 5 Qualities in a Real Estate Agent: Real estate agents also need to understand how they can be the best agent possible. This real estate infographic shows what it takes to become a super real estate agent and be motivated to bring in lots of clients to work with.

WHAT ARE YOUR HOME BUYING GOALS?

With the dramatic fluctuations in housing prices over the last decade, consumers have new respect for homes as investments. But the flip side is that your investment is still a home, one you're likely to occupy for many years.
For most people, buying a home is about giving household members more comfortable living arrangements and putting them closer to jobs, favorite activities, family and friends.


What are your goals for buying a home? You might want a better home and neighborhood. You might want a different kind of living experience, such as moving from an apartment to a single-family home with a private garage and yard. Your family may be growing, so you have to think about school districts and proximity to parks and other recreation.
Affordability may also be an important factor for you. The combination of low interest rates and still-low prices allows you to buy more home for the money. Rents are rising, making ownership more affordable than renting in many areas, especially when you factor in tax incentives such as mortgage interest deductions and property taxes allowable as deductions against your income.
When you buy, make your goals long-term. Buy within your means, but choose the best home you think will serve your household's needs for the longest period of time. The longer you own a home, the more equity you'll build. Today's market conditions and affordability make it more likely that you will reach your home buying goals, no matter what they are.
If you're not certain, you might think about what would change about your situation if you became a homeowner.
You'll definitely be more established. If you're like most home buyers, you expect to stay in your new home about 10 years.
You'll also build equity for yourself, instead of for someone else. Every payment you make, plus the rules of inflation will eventually allow you to recoup most if not all of your investment, or make a profit when you sell.

Thursday 11 June 2015

Chennai in list of top 12 realty investment destinations


CHENNAI: Strong English speaking skills and a wide mix of industries that promotes cross pollination of work culture has made Chennai one of the top 12 cities in the world for real estate investments. This is the first global recognition the city has received; it is also the lone Indian city on the list.


The Candy GPS Report, published on Friday, identifies 12 cities around the globe with the potential to show strong residential property price growth in the next few years. The report — produced by Candy & Candy, Savills World Research and Deutsche Asset & Wealth Management — said, “Prices in these rising cities are generally much lower than in the world cities, which make them more accessible and attractive to yield seeking real estate investors.” The list ranges from well established cities such as Melbourne, Australia, to centres in developing economies such as Jakarta and Chennai, that have a high number of ultra-high-net-worth residents, it said.

“While all of us acknowledge Chennai as an English speaking work zone, it is also a traditional banking domain speciality location driving inbound BFSI (banking financial services and insurance) businesses, which is a key differentiator to Bangalore and Hyderabad. Apart from these, Chennai has tremendous strengths in high quality healthcare and education systems, a key ingredient for future growth,” S Ramaswamy, chief consultant RECS Group, a real estate consultancy said.
Yolande Barnes, Director, Savills World Research, who conducted the analysis said: “As prime real estate in many premier cities has become more fully valued, emboldened investors are now spreading their wings and looking for high yielding secondary properties in those cities and (properties) in second-tier cities in countries with strengthening economies.”

For example, a two bedroom apartment in prime selling areas is priced at $1.60 lakh or Rs 96 lakh and in secondary ones they sell at $40,000 or nearly Rs 24 lakh.”This more adventurous approach is likely to not only provide higher income returns but also an opportunity for significant capital growth. Real estate values will grow as new cities all over the globe rise on fortune’s wheel. Property rents and values will rise in line with new and growing economic strength,” the report said.
Real estate developers in Chennai offer around 20% internal rate of return or IRR for equity investments in residential projects. While, commercial properties yield about 8-10% rental returns. Residential rental returns are 3 to 5% in the city.

“Chennai is typically an end user market which has a great mix of businesses. Its top tier medical facilities add zing to the city as an investment destination. More importantly, it is not seen as a luxury market like Mumbai, which means there exists tremendous scope for improvement of city skyline,” S Neelakantan, senior partner, CNGSN, a firm which has actively structured real estate investments said.

Wednesday 10 June 2015

Reasons why OMR’s Real Estate Prospects continue to Flourish

Land in Chennai in the Central Business District may be a challenge. And even if it is available, prices are afforded only by the affluent. Pricing is one of the precise reasons why demand for both residential and commercial properties is pushed to the city’s peripheral and suburban regions.

 OMR is one of the earliest locations of Chennai that faced the first phases of Chennai’s real estate growth. It continues to be the most favorable location when it comes to real estate investment. There are many kinds of posh properties in OMR. The most modern flats in Chennai, opulent villas, beautiful farmhouses and state-of-the-art commercial structures can be seen at OMR and the adjacent ECR.


Besides location, OMR enjoys the significant advantage of sustained high real estate demand due to several other reasons.

1. Most areas in Chennai have been facing ups and down in the real estate scenario ever since the global economic slowdown. But OMR has shown realistic and stable prices and consistent demand even during these years.

2. Real estate buyers who have invested in properties or land in Chennai are sitting on exponentially high returns on their investment. The region has grown rapidly in just a few years and is also expected to do exceedingly well in the years to come. In the last 5 years, OMR has seen 21 percent hike in property values.

3. Although, OMR is one of the high priced suburban regions of Chennai; the area also has pockets that are affordable by the middle and upper middle income community of buyers. Kelambakkam is one such area to reckon.

4. Flats in Chennai, especially along the OMR stretch, offers an interesting contrast. They belong to the range from the most premium to the most affordable as well. Therefore, OMR has something to offer every kind of real estate investor. The most affordable category demand has spurted quick growth of residential properties along the 5 km radius of Kelambakkam. And the properties near the backwaters command a greater premium.

5. Proximity to IT/ITES hub drives majority of demand in OMR from buyers and investors from the industry. Flats in Chennai in OMR in the range of Rs. 40 to 60 lacs observe maximum demand.

6. OMR is the hub of immense developments. The elevated expressway from Madhya Kailash to Mahabalipuram, ELCOT SEZs, Velachery, upcoming railway line from Chennai to Pondicherry via Kelambakkam, Sholinganallur and Thoraipakkam invite interest from all communities of buyers.

7. Land in Chennai is not an issue in OMR owing to availability of land parcels.

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Tuesday 9 June 2015

Best Way to Negotiate Your Real Estate Agent's Commission

You are ready to sell your home or business. You know that you are going to have to pay a real estate agent in order to get the best sale price for your property. You don’t mind paying an agent money, but you’d like to get the most for your money. Here are the best ways to negotiate your real estate agent’s commission.




  • Ask up front for a discount. If you don’t ask, you won’t get a discount. The worst that can happen is that he or she will tell you no. The agent may also be able to tell you other ways to save money that may make up for the commission you have to pay.

  • Plan to buy property that the real estate agent has listed. If a real estate agent lists and sells the same property, he/she will make more commission. Since he/she is making more, you can ask him/her to reduce the commission fees.

  • Call or research other agent’s commissions. If your agent is higher, ask why. You may also ask him/her to match the commission fees of a competitor.

  • If you are not satisfied with the real estate agent’s work and you don’t feel he/she should earn the commission, talk to his/her supervisor. Many times the supervisor will reduce or eliminate the commission fees.

  • Talk openly with the agent and ask what you can do to help reduce the commission costs. Maybe he/she will allow you to show the house to save him/her time and reduce the commission costs.

How to Compare Real Estate Rentals to Annuities

Real estate rentals and annuities are two of the options that are ideal for retirement planning. It is estimated that half of the individuals who are retired are unable to continue their standard of living off of retirement income alone, there for it is vital to consider incorporating other options into your goals.


  • Compare the risk factors of each type of investment. The risks associated with rentals differ according to a number of factors, some of which include the location of the property as well as the value of the property you are trying to rent out. The risk for annuities depends on the amount of money you have invested, as well as the activity within the stock market.

  • Compare the different types of annuities that exist. If you opt for the life or fixed annuity, you have considerably less risk than if you were to choose the variable annuity option. This is simply because the variable option is directly dependent on the investment activity. On the other hand, the life option provides you with a set amount of return on your investment throughout the life of the annuity. 
  • Take a look at the return on your investment with both the real estate rentals as well as the annuities. Determine whether the risk is worth the return.

  • Consider the fact that you have to put in more effort in managing your real estate rentals than you do with your annuities. With annuities, you check on the status when you feel the need to. With rentals, on the other hand, you are expected to handle issues as they arise, which can be in the middle of the night in the event of a natural disaster.


How to build concrete footing and concrete forms

A wise builder once told me, a basement is a well we pray water will never enter. Those with basements will say, amen. According to the National Association of Home Builders, the #1 reason for builder callbacks is foundations. A properly designed and constructed foundation will never cause a problem, improperly constructed, it will never cease to be a problem. A concrete footing spreads the weight so the wall doesn’t sink, and it’s usually twice the width of the structure it supports. The concrete footing must extend below the frost line to avoid damage from frost heave. Check local codes to see how deep the concrete footing must be. To do its job without sinking or shifting, a footing must rest on stable, undisturbed soil. A concrete footing beneath a foundation wall also much have adequate drainage to avoid damage from hydraulic pressure. To make sure you’ve planned for the demands of your particular climate and soil conditions, consult with your local building department.

 In most situations, a concrete footing 22 inches wide and 12 inches deep, with three pieces of ½ inch reinforcing bar running through it, is strong enough to support a one story wall. But if the soil in your area is soft, your local building codes may require a larger footing.


Formed or unformed, a concrete footing must rest on undisturbed soil. If the soil is black, it almost certainly is topsoil and you must dig deeper. In most areas, undisturbed soil will be clay. In some areas, you’ll hit bedrock only a few feet below grade. A building inspector should approve pouring directly on top of bedrock, even if you haven’t dug below the frost line.

1. Installing Batter Boards

Lay out the job by driving in stakes to mark the wall’s outside corners. Place batter boards about 3 feet beyond these stakes by driving in 1+4 or 2+4 stakes and attaching 3 to 5 foot long horizontal pieces to them. Fasten with drywall screws. ( Nailing will weaken the stakes).

2. Laying out the site for concrete footing

Attach mason’s lines to the batter boards. Transfer the lines marking the outside of the wall to the batter boards by having someone dangle a plumb bob over the outer edge of each perimeter stake while you stretch the mason’s line. When the lines intersect over the stake, mark the points where the mason’s lines cross the batter boards. Now that you have marked for the outside of the wall, measure over on the batter board and mark for the inside edge of the footing. The outside edge of the footing, and the outer excavation line.

3. Dig trench and lay out for concrete footing

It may not be necessary to build forms for your concrete footings. Depending on your local codes and the nature of your project, digging a trench for the concrete footing may suffice. Digging a hole as big and as deep as needed for a concrete wall footing can be a slow, back breaking job, so consider hiring an excavator or renting a small backhoe or trench digger. Dig the trench to a depth equal to the top of the footing or to about 3 inches below the top of the footing if you will be building a form.
Use a plumb bob to locate the outside corner of the footing. Partially drive in the stakes that line up with the outside edges of your forming lumber. Follow the same procedure to position the form stakes for the inside edge of the footing.
 4. Level tops of the stakes
If there is a footing on the existing structure, drive in form stakes so the tops of the stakes are at the same level as that footing. Or drive a stake so its top is at the correct depth of the footing top. Then drive the outside corner stakes so they are level with those next to the building. Check for level with a line level or carpenter’s level resting on a straight board.

Tips:
 Using a water level for building concrete forms
With a water level, you easily can find the same level for two places far from each other, even if you have to turn a corner or two, step down an inclines, or climb a couple of stairs. This simple tool consists of two calibrated plastic tubes attached to a garden hose. Drain spigots and fill spigots let you fill the tubes and hose with water to the desired level. It works on the principle that water seeks its own level.

Using a transit for building concrete forms.

For small jobs, using a line level or water level to lay out a level or accurately sloped slab is most likely sufficient, but if you’d like to perform more efficiently and have a lesser chance for human error, consider renting a transit, or better yet a laser level transit. Transits are a small telescope like device that sits on a tripod. By sighting through it, you can determine level points across a distance. A laser level automatically finds level and shoots a red dot or line up to 200 hundred feet away or more. Combine a laser with a transit and you have the ultimate tool for finding level, ideal for large jobs or if you’re working along.

 Checking for square using the 3-4-5 method.

Drive in a stake at one corner of the slab, such as against the foundation, and attach a mason’s line to it. Working from that fixed point, check for square as you drive stakes for the other corners. Use the 3-4-5 method. Measure 3 feet from the stake along one side, mark that point with a stake or tape. Pull the line taut, then measure 4 feet along the line and mark the spot with a piece of tape. Make sure both measurements begin at exactly the same point. Measure between the 3 and 4 foot marks, moving the line until this distance is exactly 5 feet. You’ll then have a square corner. Drive a stake and attach the line. If you have room or have a large slab, use multiples of 3-4-5, such as 6-8-10 or 9-12-15.

1. Building and installing concrete forms.

The only forming materials you’ll need are 2+4s for the footing rails and 1+4s for stakes. Position the stakes, then secure the rails to them, making sure the top of each rail is even with or slightly above the top of the stakes. If the soil is firm enough to hold its shape when filled with wet concrete, dig a trench footing. Keep the sides of the trench even to avoid wasting concrete. For screeding guides, center a row of stakes about 4 feet apart, check the height of the stakes with a line level.
2. Secure and level the forms boards.
Every few feet along the length of the form boards, use a carpenter’s level to make sure parallel forms are the same height. Also check that the forms are level length wise. Drive stakes every 4 feet to anchor the forms securely. Make sure the stakes penetrate at least 6 inches below the bottom of the footing trench that you will dig to ensure that the form boards will be secure.
3. Dig the trench inside the form boards.
Once you are satisfied that the forms are level and secure, excavate an additional 5 to 6 inches of earth, the total depth of the footing should be no less than 8 inches. Keep the sides of the trench even with the form boards as you dig.
4. Step down concrete footing.
If your site is slop, you can step down the footings to save concrete. Use 2+8s and additional stakes. For an earth form make a wood riser that wedges securely between the two levels. Stepped concrete forms should rise no more than 2 feet per step, the upper and lower forms should overlap by at least 2 feet.

Weak concrete forms lead to disaster. Once a form bursts or bulges, usually all you can do is let the concrete set, break it into rubble, throw the pieces away, and start over. So always think on the side of caution, overbuild, rather than construct weak concrete forms.