row house in vasco

10 Essential Features to Consider When Buying a Villa

Whenever you plan to buy a new house, you do have your own priorities. The process of buying a new villa home is complex as well as time-consuming. Having a clear understanding of your priorities is the best way to guide you via this process without being forgetful abut those are important to you as well as your family. The realtor must also understand your priority list something that you could discuss with him in the initial meetings. Understanding which features means the most to you will help eliminate houses that won’t work out and compare those homes that will.

In this article, we’ll discuss things to consider whenever purchasing a new home. Each point would rank differently for individual buyers but all the below points are quite worthy examining.

If you have not seriously considered these factors before then this is the right chance to do so. When you buy the house with your family, talk about to them to ensure that every feature is essential. Let us now check it out.

  1. Location of your home 

Buyers always prefer areas that are the most frequented places (work, school, shopping, leisure, worship, friends, and family) that can be reached easily. Scout locations with easy access to main roads and keep an eye on the flow of traffic towards these main roads.  Getting an idea of this commuting time will help save you from the hassles when you have leave the neighborhood to head to work, errands, etc.

For many buyers, it is all about the neighborhood. Many people like to be far away from traffic and further into development while some prefer the main entryway. Some owners will choose the closest lot available if there is a park, pool, or leisure area in the surroundings. Some people favor Cul-de-sacs, and some like to live on the main boulevard. Speak about your preferences and discuss with your realtor whether there is a higher price for particular a lot in the area.

  1. The size of a lot

Many villa buyers are not thinking about the lot size when looking at the development plans. The lot sizes could be quite similar in a neighborhood. You will soon see whether you have a clear preference for large or small, corner, or interior once you set out for showings.

Some lots are pie-formed; others are rectangular, while others are shaped irregularly. This might be important to you, depending on your preferences for privacy levels, view in front of the space, and also the length of the road.

Study the development plans to understand where one lot ends and a different lot starts, check with your realtor for the lot description and dimensions as well as some plans don’t detail these points.

  1. Total number of bedrooms in the house

Every family has an idea of the numbers of bedrooms they want and also a rough idea of its sizes. Most buyers look to have at least two, and the number increases if it is a larger family. Some families like their children to share rooms, while others like separate bedrooms. It is good to have a bedroom designated as a guest bedroom when you have regular visitors for any length of time.

An additional bedroom is often used as an office, a den, a playroom for children, or a workout room. Many hobbies can require workspaces and storage space, and additional room works well. Broadly factoring all of this will give you an understanding of what your preferences are and better approach listings available on the market.

 

  1. Number of bathrooms

Decide how many bathrooms you want in advance. Older homes could only have one bathroom, and often, buyers seek different ways to add another bath into the layout. If the property features just one bathroom in the plans, consider the possibility of living with the existing arrangement if a remodel is not feasible. Newer villa layouts usually have two or more bathrooms however pay close attention to the layout pans to see whether the configuration suits your needs.

Equally important is the size and style of the bathrooms. Would you prefer a shower or a bathtub, or both? Jacuzzi baths are comforts built for relaxation that many luxury buyers prefer, while many prefer quick access to the shower stall. Look for the possibility of remodeling a tight bathroom whenever the layout plans permit it.

Think about those who use the bathrooms in the layout plans(including guests), and you will have a clearer understanding of the size and style of a bathroom that works best for the family.

5.The Kitchen layout

The heart of the house has always been the kitchen. A space where members of the family hang out the most and prepare amazing food. When guests arrive, they usually end up in the kitchen; hence the size and design of the room are crucial as it is the center of most activity and entertainment. There are many details to consider here right from deciding whether you need a large gourmet kitchen, with plenty of storage, sinks, or a typical kitchen would suffice.

The means of cooking for each family are different, some cook heavy others don’t. Somebody said that the only reason for a kitchen is that it came with the house! Any kitchen would do it in that case.

A vegetarian family who cooks every day and uses plenty of fresh ingredients, or there could be the fast cook family of that microwaves every meal. Some people entertain more than often and others have large families. Regardless of the way you cook, a kitchen needs plenty of thought.

A modest kitchen layout may be adequate if you have one person cooking for only two people. Parents who teach kids to cook healthy food may want more space. Regardless of what your kitchen preferences are, have then penned down and look for these features in the layout plan or the possibility of remodeling an existing to suit your needs.

  1. Condition, Style, and Age of Home Appliances

Equipment to replace is expensive. Take the time to assess the appliance’s age and its functioning. Many buyers may have strong preferences as well.  Some may want to cook on the gas stove instead of an electric one, others may prefer a larger five burner hob. At times appliances can be a deal-breaker the cost of replacing does add-up especially when too many need to be upgraded to added to the space.

There are many appliances in a typical kitchen.  Every homeowner has these basic necessities and if the present layout does feature all of it explore the possibilities of adding /fitting it in layout as some are easier to add than others.

Check the washing machine, dryer, water heater, softeners, furnace, heater, and humidifier, or the air conditioner. If fireplaces or wood stoves are present, it is good to know whether they have been properly maintained.

Do not assume that all equipment will stay with the house when viewing a listing. Refer to the list of items to know which them are included as a [art of the purchase. Work on a ballpark figure for replacement costs if most appliances and mechanical systems seem to be outdated.

7.Age of your house

This is of course irrelevant for buyers that are interested in new villa projects. However, you may have to scout for villas built over several decades to match price ranges and budgets that comply with your basic needs.

Older villas such as Portuguese homes that are commonly seen in Goa have an appealing character, however, repairs and upgrades may also be needed.  Explore the thought of whether you would be able to allocate time to manage these projects and also a budget.

Building codes change over the years, and when looking at older projects may have been constructed based on a different set of rules. This knowledge may be available to your realtor or even the Town And Country Planning Office.

  1. Purchase price

You should determine your price range before you begin home-scouting and get a home loan pre-authorized. It is undoubtedly a huge investment and along with the purchase price, there will be other costs that will add up as well such as Government taxes on Stamp Duty, society fees, municipal fees, etc. Consider how all costs will influence your finances and stick to your price range and mortgage payment decision.

 

  1. The Incentive of the Seller to sell

Although there are a variety of sellers personas on the market, typically you will find sellers that are motivated to sell quickly and others that list their property on the market and don’t really care if it sells or not. In the latter, there is not much wiggle room on the price. There are times when the highly motivated seller wants to exit the property. This could be due to a job relocation, someone paying two mortgages, etc. If your realtor can provide you this information you can gauge the seller’s urgency to sell and you can accordingly proceed to negotiate the deal.

 

  1. The Maintenance mode

There is generally a whole list of potential items that require maintenance unless you purchase new construction. When house hunting,  preparing a list of all the things that need to look into and a rough estimate of what it would cost. They could be large or small repairs, modifications, and even upgrades to an existing house plan.

Certain repairs may require only cosmetic corrections, and others may need a sufficient amount of time and funds allocated to it.  Make sure you write down them and add them and assess how big of a financial impact these repairs or upgrades would disrupt finances.

 

 

this a villa we have on rent in Arpora near the beach

Difference between a villa, duplex apartment and a flat

An apartment or a villa bungalow?–What’s the right choice for you? Confused about what would be best suited for you? It is important to recognize terms that will help you in making a cognitive purchase and also in creating a better value out of your investment. A house is a place of comfort, irrespective of its size and all its facilities. However, let’s start with the housing styles that are affordable and move up to the luxury segment

What’s an apartment or a flat?

A multi-unit building in the residential area is known as flat. If you wonder what an apartment is, it’s just the synonym for flats. Some other types of apartments are also available; you might be interested in knowing about them.

Apartments are classified as LIG, MIG, and HIG as they meet the housing requirements of income groups. Apartments can also be categorized as 1 BHK, 2 BHK, and so on, depending on the number of bedrooms and common areas. The word BHK stands for Bedroom-Hall-Kitchen. An apartment can provide people with limited and continuous sources of income with basic shelter and is commonly referred to as medium-class housing for sections of society.

Different types of apartment

Every country has a unique way of identifying residential spaces. You should be aware of these types of flats when you invest in Goa.

Builder apartments: Indian property is divided into two main categories–family-owned and professional real estate enterprises. Flats built by individual builders are called builder flats. This isn’t an organized part of a large township. These apartments cannot be legally over four floors. These are the smaller versions of apartments with multi-story buildings. There is a single flat built on every floor.

Multi-story apartments: Multi-storey apartments are a number of flats building on several floors and buildings.

Row houses: The State-owned housing boards develop some residential areas. For finishing the housing project in a limited budget and time, houses are built adjacent to each other, and they also share common walls.

Penthouse: A penthouse could be more expensive than a villa, and it found on the topmost floor of a high-rise building. A penthouse is undoubtedly the most expensive residence in a multi-story apartment. It is the top floor of a building that has several floors since and is also a lot more in carpet area.

A villa project

Moving from apartment types to properties with a degree of independence–and the first in the series are villas. A villa is called the luxurious counterpart of a row house. The property opens directly into the street; then as a small porch or a wide balcony clubbed to its entrance. A small lawn area is also very common is used mainly for gardening, car park, or even as a sit out. A villa is a separate residential unit, but the floor plan is fixed. There is no space to expand a villa in many cases, however, floors can be added to it after availing the necessary licenses. If you feel at ease with the idea of living in a community but don’t want to share with other people, an independent villa would be a good fit for your needs. In comparison to an apartment, villas are priced higher as the cost of construction is a lot more and also it is sold along with the piece of land

How are duplex flats different from villas?

Duplex apartments are very common in metro cities. A duplex apartment is a single-family home that is built on two floors, which has a single kitchen and a dining area. In terms of its design and appearance, it is very similar to that of a villa however in terms of overall size it is smaller in comparison. In general, a duplex house consists of separate entrance points on each of the floors. Typically beginning at roundabout 1800 sq ft, the duplex is one up in size to that of an apartment but is less than a villa. A villa could have just one floor as well, however, it is very uncommon to see as most are duplex units.

A Bungalow Project

A bungalow is another type of independent home that is built on a separate property having a garden, outhouse, servant quarters, etc. A bungalow is a status symbol. It may have several floors, although intended for a single-family. There are multiple bedrooms on the upper levels along with common spaces on floors as well. Each area of the house can be remodeled to serve a purpose according to personal preferences. A bungalow is constructed over a considerable area of land, with a square meter area more significant than all other residential units described above.

How to differentiate between a bungalow, duplex houses, and luxury villas?

Bungalows are a form of traditional living space as coming to luxury villas that represent high-end living with modern facilities. Villas are designed with private swimming pools, very private and also gated. Features such as broad porches, double heighted patios, sunk decks, and private elevators are some of the many features seen in modern villas. Villas also form a part of a modern community.

 

 

villa for rent in goa

Tips on where to buy property in Goa

 

Goa has quickly become a popular destination for real estate investments. In which parts of Goa to buy property is always a commonly asked question by many buyers. Although there is no definite answer to this, it is the coastal belts that are the most popular where investor looks at properties that can attract rental income from holiday goers and also appreciate in value over time.

Can a  beach property be bought?         

The Goa Coastal Zone Management Authority (GCZMA)restricts settlement of residential units close to the shoreline line demarcating a 150-meter stretch as CRZ or Coastal Region Zone. There are several structures already existing structures already exiting within the zone that you may notice but there are traditional structures where only repair can be carried out and new structures cannot be built.

Is buying a property in Goa a good investment?

The mainstay of the Goan economy is the tourism and tourism in Goa has been booming. A major driving force for investors to make a purchase here is to benefit from rental incomes. North Goa is where many investors look to make a purchase. From studio apartments to luxury beach villas, there are plenty of options to choose from.

Where to buy?

Undoubtedly it is the coastal clusters that are most popular as investments.  These areas are filled with excellent nightlife, great food, and plenty of shopping. Something that attracts a lot of investors here.

What is the rental income that can be expected?

Rental income in the coastal areas can range from Rs. 25,000 onwards for a 1 BHK on a monthly basis in the beach belts.

What are the types of options available?

The most common are studio apartments as these are priced lower and are targeted in the budget-friendly category. There are also Portuguese houses that are in demand. These types of listings are found in Siolim, Assagao and Saligoa.

Can an NRI invest in Goa?

NRI and OCI’s are permitted to hold property in Goa.

beach lawns

10 Things to Consider Before Buying A Villa

Are you looking to invest in an independent villa or a row house? Undoubtedly it makes for an excellent long term investment as historically and being specific to Goa returns on investment have always yielded positive returns. Making rental payments won’t get you to increase your wealth and assets and thus investing money in buying a house or a villa will change it.

Although there needs to be some thought and effort put in to ensure that you invest carefully and make a solid investment.

  • Choose the area in which you would be purchasing the villa. This could involve spending some time in the areas or even exploring homes on the web. A particular locality or area has plenty of implications on the cost of the property, rental income, and the return on investment.

 

  • Stay informed on the current market scenario before buying to ensure that you get value for money. The best way to these details is to speak to different real estate agents and the independent valuers within that particular area. It is always best to not depend on real-estate agents or the developer’s advice. This becomes even critical if you are deciding to purchase off development plans. You need to understand that the price of a finished apartment represents what you have paid for.

 

  • You need to visit different locations that would give you a good idea of which properties you are looking to buy. Goa has a variety of options each reflecting a particular purchase price. For example, the coastal areas of Calangute are priced a lot higher as compared to areas such as Siolim or Thivim.

 

  • Within a locality, the proximity of the property to stores, public transportation, parks, hospitals, colleges, offices, the gym should also be factored before finalize a particular purchase.

 

  • Also, critic whether the proximity the area filled with hustle and bustle such as to clubs, or to cafes or some other concert venues will allow you to live comfortably as well. No doubt close proximity to all modern amenities is a great thing to have in the area however it is also equally important to check whether the area gets noisy at peak hours. Would the noise affect your lifestyle? It’s always a better idea to arrange for an on-site inspection towards the evening or during the peak hour’s traffic before you finalize to purchase.

 

  • The different security measures deployed at the project are also vital. Check whether the project has a surveillance system in place.  Most gated community projects also have 24X 7 security personnel which off-course is an added benefit.

 

  • Study the layout in detail whether you are purchasing the villa off developmental plans or even if you are inspecting the property. A layout that is efficient and suits your needs and lifestyle will have you a lot more comfortable living it.

 

  • What is the maintenance fee you need to pay? Check whether car parking parks are demarcated in the plans. Most developers generally charge up-keep fees towards cleaning, gardening, security as well others have amenities such as a pool, club-house, spas, gyms, etc.

 

  • If the villa is in a gated community discuss with the developer what cost of additional parking if you have the need for it.

 

  • A lot of people do not think about this whenever you buy any new villa. This would generally cover municipal taxes, the property taxes, any assessment taxes, the water bills, the electricity charges, the elevator charges, and the charges of hired assistance; which include the garbage cleaner, gardener, and security.
row villa external

Luxury properties

Often the term “luxury” is used In the world of travel and hospitality. The constant attempts to get your attention can be a little disorienting with so much advertising and commercialization. When you want to truly rent a luxurious villa, it may be hard to find the right business to work with, and it may also be a challenge to know which one of the vast array of claims to believe, not to mention the time spent online researching it. Goa has a number of luxury properties on the market, some that are also available as holiday home rentals. Either way, the luxury segment is booming in Goa and there we breakdown the basics of the standards of luxury.

In this post, we have tried to explain in detail what we regard as a “luxury villa” personally based on a number of criteria and requirements that we have drawn from our experience with our guests over the years. We decided to emphasize only villas with at least four bedrooms as a preference.

We have traveled a lot throughout Goa; especially where the luxury villas In Assagao, Ashwen, and Siolim are located, in order to examine all possible luxury villas, test their services and interview owners and managers. We take due care to ensure that every addition to our portfolio reflects the excellent quality service we strive to offer.

  1. Amenities and Features

A luxurious villa should include a swimming pool, in-house staff, a spacious living room, an elegantly furnished dining area, a fully equipped and state-of-the-art kitchen at the minimum end of the spectrum of requirements. The interiors of these rooms must be designed and furnished paying attention to detail and opulence. Equipped with amenities and luxury expected of modern living, such as entertainment consoles and high-speed internet access.

Villas with a longer list of features are plentiful, that feature with a wide range of options. Often, the top-of-the-line villas include a dedicated movie theater room, game rooms with all modern entertainment and a fully operational spa on-site, private gyms, indoors and outdoors jacuzzis, fully-equipped offices for the company that cannot stop, kid’s areas with enough entertainment to keep them occupied along with a sports area. These and similar features, define a villa as being categorized in the ‘luxury villa’ segment.

  1. Staff and Services

A luxury villa without a qualified and dedicated team doesn’t qualify as a property in the luxury segment. The idea behind have professional staff is so you can run facilities efficiently and create a relaxing environment, which is the hallmark of a good guest experience. To keep up to a particular standard, the quality villa has a staff of maids, housekeepers, chefs, operations, and concierge staff that must be available to meet the individual needs of guests.

The staff must be devoted to the care of the property and meet up to the satisfaction of the guests ensuring that their stay is as best as possible. Although guests will not communicate with the entire staff, the staff needs to be friendly and cordial, personable, and diligent in their work. They must also communicate well in English or in the preferred language of guests.

  1. Design of your Villa

The overall design–architecture, scenery, interiors, and furnishings is one of the essential features in a villa that come together to create a warm and cozy atmosphere and experience of staying in a luxurious villa. The best luxury villas are visually very appealing, with a distinctive character that is expressed in the general esthetics of the structure, its environment, and its interior.

  1. Location of your Villa

Although a villa fulfills all of the aforementioned requirements with flying colors,  quality location is very critical to the success of the villas. Guests have a wide range of requirements, but a majority of them are usually looking for a quiet place to stay and relax, and be extremely comfortable.

These popular locations are beaches and coastline, or even further inland but still near the ocean with a beautiful,  or a location with a spectacular view on the high mountain, or even adjacent to peaceful and beautiful rice fields.

  1. Maintenance of the Villa

The villa’s maintenance standards are, by far, the most crucial aspect to retaining its standards in the luxury segment. Over the course of time, even the most opulent and well-constructed construction will fall into turmoil without proper upkeep

We understand that time, energy, as well as resources preserve a luxurious villa to remain a competitive entity in business and to maintain its quality.

 

 

 

Luxury Villas At Candolim

Cost of Living

 

Goa, the land of great beaches, food, and nightlife, welcomes a lot of people every day from all parts of the world. The beauty of it is that Goa has a place for travelers of all budgets. Overall the cost of living here is very economical for a beach destination, that perhaps why people like spending long holidays here.

Goa is the biggest mix of cultures, different religions, and communities all living in peace and harmony. It is known for a relaxed way of life and also rich in traditions and is the home to peace and loving people.

  1. Housing

There are a variety of options to choose from that include small hostels that offer a traveler a basic living space to luxury villas that are equipped with all the modern comforts. Well, there are travelers on both sides of the spectrum, therefore it is important to set out with a rough budget. The location also determines the rates in the area along with the time of the season. Accommodation can be hired for a minimum of two nights and three days and even an annual lease. Accommodation can range anywhere from Rs. 1,500 a day to Rs. 1,50,000 a month for a large condo. Areas at the coastal belt can be a lot more expensive during the season as compared to the off-season.

  1. Furnishing

Furnishing an apartment is almost a necessity even if the house comes with basic furniture. A budget of rs. 25,000 to Rs.30,000 is a decent spend to furnish a 1 BHK apartment with the basics. Additionally, there would be expenses on an internet connection and also a cable connecting.

  1. Food Expenses

There is much variety in terms of food and it is available all over the place.  From street food kiosks to fine-dining experiences there is so much to explore. The local meal is Fish, Curry, and Rice that is found at every restaurant that ranges from Rs.250 to Rs.350.

  1. Transportation

Admittedly, public transportation isn’t all that great and therefore you would be required to hire a bike or a four-wheeler. There are monthly deals available and bike hires can be found everywhere.  These can cost anywhere from Rs. 700  a day to Rs. 3000 for high-end vehicles.

  1. Electricity and Water Bills

If you plan to rent a home you will have to budget for water as well as electricity bills. On average the water bill would be below Rs. 300 and electricity on an average Rs.800. Utility bills arrive every month. Additionally, you would also require an LPG cylinder or you can opt for an induction cooking hob. An LPG cylinder would cost Rs.650 on every refill.

Overall Goa is a very expensive place to live to experience a comfortable and relaxed life. The areas that are most popular are the Northern beach belt that is packed with holiday goers all year long. The South-Go coastline is also home to plenty of accommodation options as well.

patio

Planning On designing a House?

 

Are you looking to build your own house? If the decision is made and you are considering designing the layout we have put together a detailed plan to achieve the house of your dreams.

As a house planner, it is important to take into account the preferences and functioning of your household. Therefore bear in mind that a floor plan will have to be revised a few times as it adapts as you go along the design it.

Step 1: Finding the right property

Determining the amount of living space require is essential in terms of looking for a nice property to develop on. In terms of calculating living space, several points have to be considered. Houses are designed and limited by the requirements of the land-use plan (for example coverage ratio and floor space ratio).

Step 2: Defining the layout of your house

Residential houses are offered in a variety of layouts. The different configurations not only influence the price of the house as well as its appearance each having its own pros and cons.

Single-family house

The layout is meant for a single-family house to live in. Structurally it is detached and is separated from surrounding properties thus not connected to adjacent buildings either structurally or constructively.

Multi-family house –meant several families

Designed as a space that can house multiple families, a multi-family house is also an independent or standalone property is multi-dwelling. It can have a layout plan with two or more floors with independent access to each floor.

The house usually has a garden, parking spaces, a swimming pool, and isolated living areas. Multi-family houses are excellent when constructing together as a family or with friends.

Row House

A row house is a single-family house comprising of two to three floors that align with other homes of the same appearance stacked adjacent to each other (in particular inline), arranged parallel to an internal road for access.

The floors often have split levels, so that a better spatial perception is achieved. Common walls are shared structurally between the adjacent row house which is thicker (laterite) than the internal walls of the home which are typically constructed using bricks. The benefits of a row house are that it priced a lessor than an independent house as the cost of construction is equally distributed to all the units.

Duplex House

The duplex house is a blend between a single-family house and a row house, intended for two families. It consists of two households that are typically a mirror of plans on either side with a dividing wall. Fire protection isolation and sound insulation are required for the partition wall. The splitting wall does not require thermal protection.

Two separate entries and two different stairways are often a hallmark of duplex houses. The two parts of the house appear like that of mirrored image sharing commonalities in the features of the façade and the structure. The layout plan of the rooms can be freely designed within the house.

Bungalow – a house with high standards

A bungalow is a single floor dwelling. Families with young kids often choose to live in a bungalow as they are very open spaces, easy to clean and manage.

Not having a second floor means that it is perfect for seniors and people with disabilities to live in. All planning can be barrier-free in individual rooms. There is usually plenty of space to build laterally therefore a second floor may not be required.

Step 3: Define the house type and finishing

With a house being able to be built in a number of ways it is important to understand the benefits of its usage and also its disadvantages. The type of layout also has an implication on the cost of construction. In addition to the house type, a well-defined budget for the home’s finishing is also equally important. The spending on finishing will determine its quality, looks, and appearance.

Step 4: Definition of the building elements – components for different requirements

Elements on the building include the shape and design of the roofs, number of windows, window shapes and quality of window panes, types of stairways, number of doorways-both internal and external, materials used, or the doors. Bathroom finishings, electrical wiring and types of switches, flooring tiles, wall paint, plumbing lines, and furniture.

 

Morjim Villa

THE BEGINNER’S GUIDE TO FURNISHING A VACATION RENTAL

 

Before considering creating an internet site for renting your property or even commissioning professional pictures of it furnishing your rental villa is so very important to its success.

Many find making choices difficult which picking what furniture would work for a rental. While it is a homeowner’s dream to start off with a blank slate of an empty property, others find it to be a potentially mammoth task of finding the right holiday home furniture to place inside the villa.

Our guide will take you through the key steps to make your villa a popular and attractive property that renters will simply adore!

Pick the short term rental furniture when you get started!

  1. Creating a furnishing rental property checklist

As a first step, all the furnishings you own already should be written down, unless you are starting from scratch! Most of the time, however, you will have already some bits and pieces that you already own.

You can create a basic checklist for the rental of a property once you have a list of items. First, mark the furniture you definitely still need to buy to get the villa equipped and comfortable for guests.

The second part of the checklist then follows. Here you can list out decoration items you want to buy as supplementary items when the fundamentals are covered.

  1. Know the guests

Setting a target market demographic will help aid your furnishing decisions making it easier from the beginning. It may be a suitable destination for families with young children, the layout of the property being family-friendly. In this case, short-term rental furniture is worth choosing as it is also child friendly. If the villa is in a style that is smaller and cozier it could set-up as a romantic retreat for couples, for which a different style of furniture would be needed for its interiors.

3. Setting a budget

You’ll probably already have a rough assessment of what you are prepared to spend on renovation in your initial stage of buying your property. Of course, furniture and furnishings costs may not be a part of the initial renovation budget. You need to be generous while adding a budget for furniture in order to give a special touch to your rental.

While a lot of good-condition, reasonably priced items from shops or private vendors can be found, there can be no guarantee that you’ll find exactly what you have in mind. Plan your budget based on retail prices and if you find a deal elsewhere, you may be pleasantly surprised.

4.Finding the inspiration online

You can start with ideas for the overall look and style that you want to achieve on your vacation rental in parallel with your budget planning. There are many ideas for interior design on the internet, especially at social media sites such as Instagram and Pinterest.

5.Defining a style

Having a theme in place and building around it an approach that will help piece things together with the different elements in the room. It is a good idea to remember what will appeal to the guests, how comfortable and functional it is. Neutral colors are always a safe bet along with keeping trinkets and ornaments to a minimum. Look to the locality for inspiration, if the property is at a beachfront, bright blues will complement the decor, if the property is in the woods, then earthy colors will be a better-suited theme.

6. The Furniture must be durable

In general, furniture in a holiday rental will wear and tear a lot faster than furniture used in a regular home as the usage would be continuous.  Some of which can be protected such as cushions, mattresses, etc. Other larger items such as dining tables, sofa sets are prone to accidental damage every now and then. Investing in pieces that are harder to stain, break, and scratch will save the cost of having to replace them in a short period of time.

  1. Make use of lights for space creation

Regardless of whether indoor or outdoor, bedroom or living room, luminous or mellow, your vacation rental lighting choices have a major impact on how guests experience the space and also the room’s appeal. A balance of primary lighting and ambient lighting will help in mood setting and create a nice ambiance to the space.

 

house for sale in goa

Is Buying a Villa a Good Investment?

Investment in real estate is usually a good option for when looking for a return on investment. It can generate ongoing passive income from the get-go and can be a good investment over time if the value rises. You can even use it to start building wealth as part of your overall strategy.

 

You must however ensure that you are ready to begin investing in immovable property. For one thing, you must put a considerable amount of money down early to start investing in real estate. Buying a new house, a villa, a complex, or land could be expensive in Goa. Not to mention the ongoing maintenance costs for which you will be responsible for and also the potential income gaps of time between the tenants.

 

There is a lot that goes into investing a new villa or property but having the basics covered will allow you to be ahead of the game and ultimately make a profitable investment decision.

 

Make payment via cash

Many financial professionals advise against borrowing money to buy any investments. Before you buy an investment property, you must consider this criterion. You must at least be able to manage the mortgage payments, even without the rental income. This when you have to take on a mortgage to pay for it.

Undoubtedly a nice stream of cash flow can be achieved while you rent the place out. There may also be a time when the property is not rented which needs to be factored while you make the decision to take up a mortgage to own it. If the mortgage payment cannot be afforded without the rental income, it might end up being more a financial burden than a means to create wealth. Moreover, it may cause damage to your credit if you cannot pay the mortgage, which will cost you money in the long term.

You need to plan out your expenses carefully

You have to consider the cost of tax, utilities, maintenance, and repairs when you are buying property as an investment. It is often easier to hire a rental firm to deal with things as repairs, maintenance, and collection of rents. While this would cost you money, the burden of owning a rental property can be reduced. In particular, if you have no time to do everything in the property, it is a good option to use the agency.

All of the fees and other costs must be fully covered for the rental income. In addition, the cost of the repairs on the property must be covered by setting aside the first few months of surplus money. Insurance on the property is also important (and plan for its costs). You must also be prepared to cover any additional costs as situations arise, possibly by setting aside a property sinking fund.

Conduct Proper Research on the Property

You must thoroughly investigate the land deed records when you purchase a villa that you plan to sell later. Find out if new roadways are planned near the property you buy and how that affects the value of the property. Be sure that the property doesn’t have a lien on it. You may also want to look at things like comparables in the area, including whether the area is up-and-coming, and other external factors that might affect the value of the property.

You should be able to take the right decision to buy a villa as an investment once you have completed your search. Investments are always a risk, so keep that in mind. You could yield a positive return on your investment, but you can also lose on it as well. Things can change, and an area you think could not actually gain value might, and vice versa.

Start Small

Some investors start by buying a duplex villa with a common living room, then they stay in one unit and rent then out the other to the other. This is a good way to test the waters, but remember that you are in the same building that your tenant is going to live in.

Also, you want to financially plan to cover the whole mortgage and live comfortably without any additional rental payments at any point in time.

You can consider the purchase of a larger property with more potential income being a landlord and managing an investment property. When you own several properties, buying and managing more properties is easier— and you earn a better return on all the investments.