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A guide for renting a house

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Renting a property be it as an owner or a tenant is fraught with certain risks but to be on the safer side it’s better to keep in mind certain factors to guarantee you have a safe transaction. Rent rates and other details vary in each state & there are certain guidelines you can follow, as per the Ministry of Housing and Urban Affairs. The Rent Control Act passed by the Indian Government was put into force for controlling rent charges and to safeguard the tenants’ & landowners’ rights. Here’s a guide for renting villas in Thrissur from Asset Homes, the first and only builder in Kerala to deliver 58 residential projects in just 12 years. Just read on... 1. A written rental agreement. Before renting a villa in Thrissur, a written legal agreement between tenants and owners is a must-have to safeguard the interests of both the parties. It’s not good to settle for an oral agreement as it’s not legally binding. The owner will keep the original form and the tenants, t...

How to calculate income tax of vacant property

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Property ownership is seen as an investment everywhere! But most people don't realize that this ownership is taxable. If you own a property like a villa in Thrissur, be it either on rent or kept vacant, you need to pay taxes to the government. If you own more than one built-up property, you are expected to pay income tax on all your properties except on the self-occupied one. Asset Homes, reputed builders in Kerala tries to give you a run-in on: Taxation on vacant property The Income Tax Act, 1961 defines that income from house property is levied not on the basis of rent but on the potential of the property to yield income for the owner. The taxation is on a notional basis, which is based on the annual value of the property - the sum the property could have generated if it was let out in a year. If the let-out property is vacant for a part of the year, the actual rent received will be the gross annual value of the property & the calculation is the same as in ...

10 things that reduce the value of your home

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Putting up your flat for sale in Kochi? You may be expecting a good price from this sale, but many a time a flat fetches an amount far below your expectations. Asset Homes, the most reliable realty brand in Kochi, brings to you a list of 10 things that reduce the value of your home. 1.  Inadequate Parking Space Hassle-free parking is the need of the day! For buyers, the lack of adequate parking space is a big negative. 2. Bad Floor Plan If your flat has a bad layout, small rooms and bathrooms it will reduce the value. 3. Badly in need of large-scale Renovation Ready-to-move-in houses are very much in demand nowadays! If there is many renovations required, many buyers will steer clear of the sale. 4. Poorly maintained Property Poorly maintained flats for sale in Kochi will slash out a considerable amount from your home’s value. Bad Ceilings A flat with cracked and neglected ceilings will show your house badly and might reduce your home’s worth Peeling P...

Real estate trends to watch in 2020

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Indian real estate has been under stress for a long period and with the onset of the new year 2020, we are expecting a marked change to see better times!  It is far too early to predict that normalcy will be restored for the real estate sector in 2020, some predictions could certainly be made on how the markets will behave. Here is an insight on key real estate trends to watch out for in India's housing markets in 2020 by Asset Homes leading Builders in Kochi .  Will property prices come down? The answer to this question is No! While many builders are coping with the severe financial crisis, there isn't much of an option on reducing unit rates of apartments in Kochi. It will be hard to find cheaper homes in 2020 as in the past years.  Will consumer rights be protected in 2020? With the implementation of RERA, we see a change in the market as builders will now be offering clean transactions. There is also hope in the justice system with justice being de...

How to choose windows for your home?

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Windows are your window to the outside world, choose them right! They are integral elements that beautify as well as secure your home! Apart from beauty, it’s vital to include security options too in your choice of windows be it for a flat in Kochi or an independent house. While selecting windows for your new apartment consider it for long term. Windows brighten up any room and act as a decoration piece as well. They come in varied sizes and shapes. Durability, aesthetic appearance and functionality are major factors affecting the selection. Different types of windows by multiple brands can be procured from the market & you are spoilt for choice! Asset Homes, prime builders in Kerala with many flats for sale in Kochi has shared some important tips on how to choose windows for your home? Check out these important tips while buying windows for your new apartments in Kochi . Quality matters! When buying windows, look for quality, window maintenance and ease of use apart f...

Why invest in Flats in Kottayam?

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Kottayam, the land of letters is known as the literature capital of Kerala. One of the beautiful cities in Kerala, Kottayam brings forth a host of opportunities for those who seek new avenues.  The city is home to numerous lakes and is fondly called the City of Lakes in Kerala. In Kottayam, there are many media and printing institutions along with famed educational institutions like Mahatma Gandhi University, Government Medical College, etc. Many builders in Kottayam are launching apartments for sale in Kottayam owing to the rapid development of the City. Check out some reasons as to why you must invest in flats in Kottayam. Kottayam brings to you a panoramic setting to enjoy a well-balanced life in the lap of nature. The green landscape and natural beauty of Kottayam makes it a healthy and clean environment to live in, thus making it an ideal location to invest in flats. A pleasant climate exists throughout the year which gives you a chance to enjoy a peaceful life in th...

Increase the value of your home with these home improvement tips!

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When you think of selling your home in Kochi it’s important to take time off to spruce up your space as it can increase your home value. You can increase the value of your home with these home improvement tips from Asset Homes, reputed builders with luxury apartments for sale in Cochin . Clean it first! Deep cleaning and decluttering your flat or house is one of the best ways to keep your home looking its best while getting ready to sell. Make the interior of your home shine from floor to ceiling. Wipe off smudge marks on all windows, doors, and mirrors, counters and all areas inside and outside of the house. Brighten up your home Remove outdated curtains that may be blocking natural light & simply open up windows & clean skylights. Replace old lighting fixtures and try to update your lighting with an eye-catching chandelier or a modern ceiling fan with lights. Landscaping for curb appeal You can try landscaping to improve the curb appeal of your home. Clean up ...