Residential Property Archives - ACE Consulting https://aceconsulting.co.in/category/residential-property/ Real Estate Consulting & More Mon, 22 Mar 2021 12:58:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://aceconsulting.co.in/wp-content/uploads/2019/09/cropped-Final-logo-32x32.png Residential Property Archives - ACE Consulting https://aceconsulting.co.in/category/residential-property/ 32 32 Residential v/s Commercial – The Better Investment https://aceconsulting.co.in/2020/08/31/the-better-investment/ https://aceconsulting.co.in/2020/08/31/the-better-investment/#respond Mon, 31 Aug 2020 15:13:14 +0000 https://aceconsulting.co.in/?p=6761 The post Residential v/s Commercial – The Better Investment appeared first on ACE Consulting.

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Residential v/s Commercial – The Better Investment

There is no one size fits all approach in investment. Both commercial and residential properties have their benefits. Each individual has his unique goals and objectives that he wishes to achieve through his investments, therefore one must do a complete need & goal analysis before investing in any investment product.  Below are some key parameters that one must keep in mind while deciding.

  1. Rental income is an important consideration for some people. Commercial properties give three times higher rentals than residential properties. So in terms of rent, commercial property is a much better option.
  2. Vacancy risk- Vacancy risk is always higher in commercial as compared to residential. Assuming other factors being constant, it may take longer to find a tenant for a commercial property than a residential.
  3. Maintenance- Maintaining a residential property is much cheaper and easier than a commercial property. Maintaining a commercial property can be 4 to 10 times more expensive than a residential property.
  4. Lease period- Leasing period is always short in residential and longer in commercial. Leasing in residential is usually for 2-3 years whereas in commercial, it can go up to 11 years.
  5. Cost of loan- It is low in residential and high in commercial. Banks give loans on low rates for residential properties as compared to commercial properties.
  6. Liquidity- Liquidity depends on location and few other parameters. However residential sells faster than a commercial property.
  7. Economy impacts residential properties less than commercial. Commercial properties are always impacted more in case the economy gets hit.
  8. Residential properties are safer to invest and have a history of giving constant returns. With the growing middle class and migration to bigger cities, residential properties give good return over a period of 7-10 years, if purchased after doing basic due diligence of the property and the area. On the contrary commercial/retail properties might give better returns than residential in short term but they mostly have a life cycle and a limited shelf life.

 

 

 

 

 

 

Raunaq Singh Arora

Ace Consulting

You may connect with me at
raunaq@aceconsulting.co.in

The post Residential v/s Commercial – The Better Investment appeared first on ACE Consulting.

]]> https://aceconsulting.co.in/2020/08/31/the-better-investment/feed/ 0 Sell your property in a reliable way https://aceconsulting.co.in/2020/08/31/sell-your-property-in-a-reliable-way/ https://aceconsulting.co.in/2020/08/31/sell-your-property-in-a-reliable-way/#respond Mon, 31 Aug 2020 15:08:39 +0000 https://aceconsulting.co.in/?p=6759 The post Sell your property in a reliable way appeared first on ACE Consulting.

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  • August 31, 2020
  • Posted by: webmaster
  • Category: Residential Property
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Sell your property in a reliable way

The greatest myth amongst sellers is that the more agents they have working on their property, the higher their chance of selling the property quickly.

It really is more beneficial to the seller to have the buyers competing to offer the best market-related price, than it is to have agents competing to close the deal at any cost, often putting the seller’s price at risk. The concept of Exclusive Mandate works in favor of a seller.

Exclusive Mandate is a formal instruction to an estate agent to have the exclusive right to sell a client’s property for a defined period of time. Its less hassle for a property owner and ensures faster sale.

 Benefits of an Exclusive Mandate with Ace Consulting

The benefits of using one agent are numerous, however there is no doubt that a single partnership with the right agent, increases the peace of mind of the homeowner, and should come with the same level of commitment, risk and return on investment associated with any healthy business partnership.

  1. More Ads & Process Oriented Campaign – We would know that we can invest safely in promoting your property. An effective marketing plan can be devised ensuring better results than just hunting in the dark.
  2. More Agents working on the property – We know more agents than you do. We will activate our Network . We will be your SPOC and you will not have to deal with multiple agents.
  3. Ensures the Right Price – Since we will exclusively be selling, we will give you the right advice. We will not lower the price to compete against other agents if there is exclusivity.
  4. More Efforts by Mandate Holder – We will invest more time & effort in a property where we have no competition. Since the deal is exclusively with us for a certain period of committed time, we will not hesitate to make a more important marketing effort to conclude the sale of your home. So the exclusive mandate offers you as a seller the near certainty of selling quickly your property.
  5. Our Focus – We will not take up any other apartment of the same size in that complex. Hence all the leads generated from marketing your property will be used for you.
  6. Weekly Updates
    1. Total Queries Generated
    2. Number of Site Visits Done
    3. Profile of Potential Buyers who visited the Property
  7. Property Management* (Basic Package) – Enhancing a property always leaves a good impression on the buyer and makes it look attractive when he compares with other options. We will take care of the cleaning and giving it a fresh look for each visit. We will take care of the basic repair work** that may be needed to conclude the deal.

An exclusive mandate does not incur any cost. The sales commission is the only remuneration of the real estate agent, which is only payable if the transaction is carried out.

 

Raunaq Singh Arora

Ace Consulting

To know more, you may write to me at

raunaq@aceconsulting.co.in

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