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 a flat. If you wonder what an apartment is, it’s just a 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 an independent home, 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. Individual standalone residential units are often described as 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. In terms of its structure, it is a separate residential unit, but the floor plan is fixed. There is no space to expand a floor plan in many cases,  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 standalone residential unit would be a good fit for your needs. In comparison to an apartment, these dwellings 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 an individual residential project. Independent homes 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. These properties are designed with private swimming pools, very private and also gated. Features such as broad porches, double heightened patios, sunk decks, and private elevators are some of the many features seen in modern housing projects. These properties also form a part of a modern community style of living.

 

 

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 the 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 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.

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 connection.

  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 with 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 that 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 property.

Our guide will take you through the key steps to make your property 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 house 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 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 on 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 the mood-setting and create a nice ambiance to the living 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 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 in a new 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 in 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 before ing forward with the purchase keeping in mind that you plan to sell the property sometime in the future. 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 property 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 layout 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.