Leasing vs Buying Office Space

 Finding commercial office space in Andheri east is an excellent option for Mumbaikars if they are planning to start their startup. But before starting their business, they need to have an office space to set up their business. Thus, the first question that can come to their mind while thinking about office space is whether they should buy the space for their office or take it on lease. To decide which option is better for you, you have to know about each's pros and cons.

The decision of whether to buy or lease your office space involves several factors. Choice of property, of course, is the first consideration: If you can't find what you need for rent, you may have to commit to purchasing or vice versa. Here are some of the key facts to consider before leasing or buying office space to make your decision easier.

Advantages of buying office space

• For most practitioners, the appeal of buying office space lies in the potential to build equity in the property. Over the long term, if the property appreciates, the office may become a good investment vehicle.

• If you have extra space, you can rent it out to add to your revenue

• The associated costs of owning and running a commercial office space in Andheri east can provide tax deductions in the form of mortgage interest, property taxes, and other items.

• Since you are the property owner, when you retire, you can sell it or become a landlord by leasing to another business.

Disadvantages of buying office space

• There is a higher opportunity cost. In other words, the money you invest in the property can help you to grow your business in other ways. You need to determine if that is an issue or not.

• Maintenance of the property needs to be taken care of from time to time, and the owner of the property is responsible for property maintenance. Property maintenance requires an investment of time and money; thus, you take on this task yourself or hire a property manager.

• The owner has to pay for remodelling, repairs, and maintenance of the property

Advantages of taking an office space on lease

• Leasing commercial office space in Andheri east provides a business with the chance to rent in an area with a good location and high image. If you have a business that is dependent on location and image, for example, retail or restaurants, the leasing option is much more affordable for them.

• Depending on the market, taking office space on lease allows you to set up your business in a desirable location that you couldn't otherwise afford.

• Leasing has a low initial financial commitment with no down payment, just a deposit. Also, lease payments are tax-deductible.

Disadvantages of taking office space on lease

• If a person chooses to take commercial office space in Andheri East on a lease, they may be subject to annual rent increases and higher costs at the time when their lease expires.

• As a renter, they do not have permission to build equity in the property according to their choice.

• Usually, the landlord sets some rules concerning the use and state of outside areas that may impact your ability to store vehicles and materials. Be sure you discuss these beforehand.

Concluding Remarks

As you have come to know about some of the pros and cons of buying or leasing an office space if a person is looking for commercial office space in Andheri east visit The Chandak Group - www.chandakgroup.com as they offer you some of the best property deals in your budget.

Buy 1 BHK or Buy 2 BHK? What is the wiser choice?

 Capitalizing on the property can be a bit of confusion as most of the real estate investors couldn't find the right option in which property to invest in. When it comes to buying property, there is no one good option that works for everyone. Some may find that a 1 BHK apartment is a great option to invest as they do not want to stay invested in, for too long a time. Some may find 2 BHK property for sale in Goregaon West is a good option as it would be a sensible investment option if your time frame of investment is longer than five years.

Now, if you are confused to decide whether you should buy 1 BHK property or 2 BHK property for sale in Goregaon West, this article will guide you to take the important decision of buying a home

Buy a 1 BHK apartment if you think you fit in the following criteria

• People who are looking for property for just investment purposes and do not want to live there can buy 1 BHK. Instead of buying 2 BHK, they can buy two 1 bhk apartments at a different location.

• If a person has a small family and the frequency of relatives visit their home is quite less, then they can search for 1 BHK because living in a big house feels isolated especially for women when they are alone at home

• Buying 1 BHKs apartments are comparatively affordable for those who have a low budget. These types of apartments have compact units and are easy to maintain. In some cases, 1 BHKs apartment is considered to be a good alternative to paying high rentals.

• People who are not planning to stay for a long period at the same place or they often get transferred from city to city because of their jobs can invest in a 1 BHK apartment. These apartments are also best suited for bachelors.

Buy a 2 BHK apartment if you think you fit in following criteria

• A person who is handling his work from home requires a private or separate space for work where no one disturbs him for that they require an additional room, thus buying 2 BHK property for sale in Goregaon west for them is always a great choice.

• Buying 2 BHK homes is one of the best options for large families due to space availability. 2 BHK apartments are more welcoming for the relatives and friends who would like to stay over. As 2 BHK offers you an extra bedroom, it adds more to the grace and space of a house.

• If you have a small family and want to buy a property for you and also want to have an additional income through keeping PG or by giving a room on rent, then buying a 2BHK apartment is one of the best options for you

• If you have a big family and want to purchase a holiday home, buying a 2 BHK flat is considered one of the best options for them. It's also a good investment as the resale value of 2 BHK apartments will be much higher in the future while comparing to 1 BHK house.

Considering the above factors, buying 2 BHK property for sale in Goregaon west is a good option. It is also an ideal choice for first-time homebuyers as it provides comfortable space for couples and nuclear families. Some other reasons are: provide ample space, easy to maintain, good value appreciation, easy to sell or rent.

Concluding Remarks

If you are looking to purchase a 1 BHK in Goregaon west near station or 1 BHK properties for sale in Goregaon West, you can visit The Chandak Group - www.chandakgroup.com as they offer you some of the best property deals in your budget.

The Advantages of Living in 4 BHK Apartments

 In the past few years, Mumbai has seen great progress in the luxury residential segment. As there are many new luxury projects launched across the city, these are set to revamp Mumbai’s skyline. In a metro city such as Mumbai, luxury and luxury define itself on various parameters ranging from spacious layout and lifestyle amenities to automated parking and E-homes.

A large apartment, such as a 4 BHK accommodation, offers them to experience luxurious living and a contemporary lifestyle. One of the main advantages of buying a 4BHK apartment is that it provides you with lots of space, which can be maintained according to the family’s tastes and preferences. Thus, luxurious 4 BHK Apartments in Worli has seen a rising demand between the investor in Mumbai. There are many more advantages of having luxurious 4 BHK apartments in Worli here are some of them

• Ultra-Spacious – 4 BHK luxury apartments are synonymous with ultra-spacious living spaces. With high-class facilities likes spacious floor plans and interiors, luxury homes provide sufficient privacy to all the family members. Also, it allows you to convert a space for small get-togethers, celebrations, and hangouts with your family and friends. Usually, luxury 4 BHK apartments come with at least 1500 plus sq. ft. homes are living spaces that give their members the freedom and convenience to move around and prevent a crammed up feeling.

• Quieter and Calm Surroundings – Luxurious 4 BHK apartments in Worli are located in the plush areas of town. Usually, this type of apartment has double-paned glass on windows which are often insulated better than other complexes, and because of this, they are generally quieter and more peaceful.

• Offers Better Security Systems – Living in a luxurious 4 BHK apartment in Worli offers you high-tech security and also prohibits intruders from entering your home. High tech security is important, especially if you have kids in the family. In the era of frequent thefts, you can be sure that you are safe at home with better security systems.

• Beautiful Interiors – By purchasing a luxury house, a person can have spacious floor plans, wood floors, granite countertops, and much more, which are not possible in a regular apartment. A luxurious 4 BHK apartment in Worli goes a step beyond and promises an upscale living experience.

Luxury apartments for sale in Worli provide you space which can mainly be divided into four bedrooms, a living area, and a kitchen, as well as washrooms. The architecture here is modern, and it has all the modern facilities and stylish interior design. The family has the liberty to be as creative as possible here, with ample space for manoeuvrability. One of the master bedrooms can be used by the head of the household. Children can enjoy the second and third bedrooms. The fourth bedroom can be used as a guest room. You can also have a room for elderly members, or a puja room, as per the family’s needs.

Luxury living does not end here. A modern kitchen is nothing like the traditional ones, which were the domain of only the house’s women. An attractive and convenient modular kitchen, akin to a living room and replete with all modern amenities, invites every family member to try their hand at displaying their culinary skills.

Wrapping Up

Suppose you are looking to purchase a residential property for sale in Worli such as luxurious 2 BHK apartments at Worli or 2 BHK for sale in Worli. In that case, you can visit The Chandak Group – www.chandakgroup.com as they offer you some of the best property deals in your budget.

Home Buying Tips: Importance of Location When Buying A House

In the real estate industry, the location is considered to be a critical factor while purchasing a house and residential property for sale on SV Road is one of the best spots to invest. But many people don’t give it as much importance to the location as they should. In the real estate business, location is the key to good returns. Homes in cities with less space for expansion tend to be more valuable than those in cities with plenty of room. Buying a residential property for sale on SV Road could be an excellent option for the investor as SV Road is considered to be one of the prime locations in Mumbai.

Why is Location so Important while purchasing a House?

The importance of location in real estate purchase always seems to be overestimated. The reason is that prime location helps to translate profitability for the investment. Location, primarily, creates the desire for a purchase, and the desire, in turn, creates demand which causes a price rise. Price and location are equally important factors to consider while purchasing a house. The location ultimately dictates everything else about the property. If the property is situated in a prime locality, it will command a better selling price. Thus, buying a residential property for sale on SV Road can be a profitable investment.

Your house’s location helps to determine things such as school choices for children, quality of life, social interaction, and commute. A person should never sacrifice for the spot, even if they find their dream home. If a person struggles to find the right house in the right location, they may need to adjust their budget or wish list as a compromise to stay in their neighbourhood.

If you are thinking of buying a home, consider these few location factors:

• Importance of neighbourhood – It’s vital for a person to ask ‘what progress will a neighbourhood see and how safe it will be in the next years?’ because a person needs to buy a house in an area that will see rapid progress in future. It will also help their investment to turn into a good profit. Usually, every real estate agent and broker advice buying a house in a safe neighbourhood, and it’s understandable. It is because it’s crucial for your children and family to feel safe around the neighbourhood.

• Commute Times – If a person is buying a house, they need to get information about their commute because you do not spend more time in traffic than actually enjoying your new home. You should also look for the availability of public transport and how far your intended neighbourhoods are from public transport (buses, commuter rail, subway, etc.), as well as major highways. Buying residential property for sale on SV Road can be a dream house for a person because it has easy access to public transport and there is rarely any traffic on this road.

• Availability of civic amenities – Before buying a smart 2 BHK apartment on SV Road, a person needs to decide that whether they want to be in the hustle of the city and want to live near amenities such as restaurants, shopping, and family attractions or looking for a house in a peaceful area.

Prime location with objective properties such as attractive amenities, safe roads, and good schools will help a person appreciate investment over time.

Signing Off

If a person is looking to purchase a residential property for sale on SV Road or buying a smart 1 BHK apartment on SV Road, you can visit The Chandak Group – www.chandakgroup.com as they offer you some of the best property deals in your budget.

Owning a Home Versus Living on Rent: Which is a Better Long-Term Option?

 It’s always a dream of every Indian to buy a house in the city of dreams Mumbai. But due to sky-rocketing property prices, especially in this city, have led people to opt for renting rather than buying. However, for wealthy people who can afford to buy a house, the choice between buying and renting is always a tough one. If a person is planning to stay in the city for the long term and has the necessary purse for the down payment and stable future cash flows, it is highly recommended to buy a property for sale on SV road. Owning a house forces savings, which most people would rather spend on renting a property. But there are always two sides to the coin. Thus, you should consider the pros and cons of each to figure out whether renting or owning is best for you.

Benefits of homeownership over rental accommodations

The main benefits of buying a property for sale on SV road and living in own home rather than a rented home are

• It provides them a sense of security and pride in homeownership

• The buyer may also face the problem of increasing rent.

• When you buy a house on loan, you are already aware of the cost of EMI required to be paid over the long term. However, paying EMI can be more beneficial for the buyer, as it not only provides for one month of shelter but also increases the proportional ownership in the house. Hence, future costs are predictable and more stable.

• There is less likelihood of interference in your life when you live in your own home.

• For example, real-estate investment buying property for sale on SV Road is a safe investment backed by a real asset that has the potential of capital appreciation and tax benefits.

Benefits of taking a house for rent

• The benefits of taking a home on rent are that the tenant does not have to pay any maintenance costs or repair bills. Because when you rent a property, your landlord is responsible for all maintenance, improvement, and house repairs.

• Renting does not overburden a person with EMI payments, house tax, and other legal issues that are part and parcel of property ownership.

• Renters have the freedom and option to choose the location they want to live, while homeowners are restricted to areas where they can afford to buy. Living in an expensive city such as Mumbai might be out of reach for most home buyers, but it might be possible for renters.

• Another financial benefit of taking home for rent is having access to amenities that would otherwise be an enormous expense.

How to decide whether you should purchase a home or live on rent

Many experts working in the real estate industry advise that youngsters consider buying a property for sale on SV Road in the early stages of their career if they are focusing on staying in a particular city. Because, even though it may seem difficult to manage the EMIs initially, after 5-10 years, when their salaries increase, their EMIs remain the same. Thus it would be a relatively lower proportion of your salary. Moreover, if you buy a 1 BHK flat for sale on SV Road, the property prices would have also appreciated multi-fold.

Winding Up

Thus now, if you are planning to buy a 1 BHK flat for sale in Borivali east or a 2 BHK Flat for sale on SV Road, you can visit www.chandakgroup.com as they offer you some of the best property deals in your budget.

Which is Better: An Apartment or an Independent House?

 Generally, a conventional norm for a house purchase is selecting a property at a prime location. Purchasing property at a prime location would give the buyer a better appreciation of their investment. Apartments in Goregaon west are considered to one of the prime locations in the Mumbai suburbs. There could be many questions that can occur to the buyer before purchasing a property, for example, whether they should go for apartments or an independent house. Usually, property value in the metros compel is too costly and due to space crunch, most buyers prefer looking for apartments. Apartments are slightly cheaper while comparing to the independent house. An Independent house is in the form villa or an assortment of floors built on a plot. Before investing in property, you should have some information about what is an independent house, what is an apartment and the difference between them,

Apartment – The term “apartment” can be generically applied to any residential unit inside a building. Apartments are a good choice for self-use and renting for investment purposes and for people who have shifted to the city for a short time. Apartments are one of the most popular and basic types of property across cities in India. And there are many reasons, for example, contemporary looks, modern-day amenities, in-house maintenance services, and better security. Apartments in Goregaon west equally level with independent houses in all aspects, and as far as the customization is concerned, it can be done at a small scale without altering the basic set-up of the apartment.

Independent house – Independent house is located on an independent plot and has its boundary wall. The land on which the house is built belongs to the person who owns the house. People who avoid the hassle of constructing a home and want privacy are preferred to buy this type of house. Maintenance charges for an independent house can be a self-bearing cost for a lifetime, and the safety and security of the house have to be taken by the owner himself. This type of house can offer great appreciation and resale value if the buyer has the patience to keep it for the long term. It is also an heirloom that will be beneficial for future generations.

Apartments vs. Independent house

• Apartment in Goregaon west comes with security, parking slot, power back-up, water systems, and fire safety mechanism; independent property needs extra effort and cost for setting up these services. According to research, 2 to 3 percent of the total property value is spent on these amenities around an independent house. It includes a setting up of a small power back-up in the form of an inverter or a generator set and your water mechanism.

• Appreciation of the independent house or villas is not as high as apartments in Goregaon west. It is because of the high initial capital involved and the limited demand for the independent house as compared to apartments. As the demand for apartments is high, it’s easy for the buyer to sell or rent out the apartment. While on the other hand, due to less demand for the independent house, it’s difficult to rent out or sell the villa.

Concluding Remarks

The choice is entirely left to the buyer. It depends largely on individual preferences and one’s financial means, which gives them the freedom to choose between an independent house or an apartment. If you are looking for apartments like 1 BHK in Goregaon or 2 BHK in Goregaon, you can visit www.chandakgroup.com.They also offer 2 BHK for sale in Goregaon West.

Common Commercial Real Estate Myths that Need to be Clear

To do some research online about commercial real estate before investing is a smart idea. But if you blindly believe in any piece of advice that you hear is a different story.

Unfortunately, plenty of commercial real estate myths still encounter many investment circles. While these beliefs are demonstrably false, they can still prevent prospective investors from taking the first step to building their portfolio. Many business people are experts in their field and tenants in commercial real estate properties. But they might get trapped for some of the myths about commercial real estate. Therefore here some of the most common myths and their facts that why they are not accurate.

Myth: Renting is cheaper

If you own a property, it gives you the ability to build equity. Ownership also creates tax benefits that you can take advantage of each year. Capital expenses are usually lower when renting commercial real estate as opposed to buying, but that doesn't automatically mean it's cheaper to rent. While the upfront capital requirements might be less, renting can easily carry higher monthly costs. A commercial office place in Andheri east can be the best area to buy or rent the office.

Myth: Investing in commercial real estate is too risky

Every investment comes with a risk, and commercial real estate is no different. But it's said that investing in commercial real estate does have certain advantages over other types of investment. Commercial real estate isn't subject to the same type of volatility one can experience when investing in the stock market. Thus, commercial real estate is one of the safest investments you can make in terms of risk.

Myth: The person should be rich enough to invest in commercial real estate

It is considered to be the biggest myth of commercial real estate, which often dissuades people from investing in this sector. Buying commercial office space in Andheri east is a good decision, and people who are economically rich and stable can only afford to buy a property in this area. But this is not true at all, and the reality is far away from this belief. Now, banks and other financial institutes provide the loan option if they want to invest in an office. As of now, the bank provides you with 80 percent of the total property value loan, and you have to repay them through EMI, which is quite flexible and adjustable. Thus now, investment in commercial property has become easier, and anyone can invest in it.

Myth: You need "office" space

The world of commercial real estate is changing day by day. Office buildings are getting turned into residential properties. Malls are being turned into office spaces, and just about everything is being converted to industrial space if it can be. When you look for your next office, don't only look at office buildings. Just look at spaces that can work for you. Commercial office space in Andheri east is a good option to start your business.

Before investing your money, you should do some research about properties and funding. You should also consult the experts. It may be cheaper to do it yourself now, but that could lead to costly mistakes in the future.

Wrapping Up

If you try to separate myth from fact while attempting to secure a commercial loan, simply reach out to our experts or visit The Chandak Group - www.chandakgroup.com. They will be happy to help you take the next step in accomplishing your investment goals. They also offer great deals if you are interested in buying a commercial office space in Andheri east or office space in Andheri.