With its focus towards enabling availability of real estate solutions, Fizzy Homes is established, keeping in mind the need to create a trustworthy partner in wealth creation. Being India's largest real estate services organization, at Fizzy Homes, our vision is to facilitate asset creation for our end customers and enable peace & prosperity for them. Fizzy Homes is bounded to give online best solution for the real estate hunt in best way to the customer end.
Our mission is to enable wealth creation for our customers and help them benefit from burgeoning opportunities in the real estate segment. In continuation to our effort in this direction, Fizzy Homes is helping our customer community in terms of presenting a distinctive experience for buying real estate. We are deeply engaged towards driving our customer priorities in the right direction. Fizzy Homes came up with all time best web portal where buyer, seller, broker, builder all will get enough space to resolve there all time problem in best way.
Fizzy Homes is subsidiary company of Eastern Estate Group. The company is itself well renowned group in the field of real estate with the worth of 2800 Cr. CMD of Eastern Estate, Mr Sanjeev Kumar know the pain and bargaining of buyer, seller, broker and Builder. He knows that Indian government is moving towards online. Many well known portals are available which are giving online solutions for property investment to the user end. These Portals are targeting the metro cities. Mr Sanjeev Kumar has planned a web portal which works for both, Metro cities, and also for block level people. There are many builders who builds buildings in small town which are out of reach of all users.
Fizzy Homes give opportunities to:
- Online MIS management of Builder
- Loan Management Solution
- Payment and disbursement details
- New Upcoming project details location wise Block wise and cost wise
- Customers blogs, Builders blog, Seller Blogs
- Chatting facility within the groups.
Fizzy Homes driving the hunt is such a manner that everyone will get instant solution in terms of property sale purchase and any kind of dispute or confusion online by the support of Mobile app of Fizzy Homes.
Customer /Buyer Area
How to plan properly?
Let us begin by assuming you want to buy a flat worth Rs 40 lakhs.
- By investing Rs 40 lakhs in a flat, you are actually investing approx half the amount (Rs 20 lakhs) in the Building Component (Cost of construction, light fittings, bathroom fittings, etc.) that will depreciate over a period of time, and the balance amount in the Land Component. Only the land component of your investment will appreciate over a period of time. Let us assume the appreciation in the value of your flat is X%.
- Instead of investing in a flat, had you invested the entire amount in a plot of land in the adjoining area, you would have got double the appreciation because 100% amount invested in appreciating and not just half. There is no investment locked up in the building component. Appreciation of this investment (land in Prime Location) would be 2X((double).
- But buying land in a Prime Location may not be possible with your investment of Rs 40 lakhs. Assuming the cost of land in Prime Locations is Rs 10,000 per sft, you will be able to buy only 400 sft which will not suffice.
- Instead of buying land in a Prime Location, I suggest that you buy land in a Remote Location where the price of land is very low (about 1 or 2% of the cost of land in the Prime Location) and there is good scope for appreciation. Because the base price is lower (between Rs 100 to Rs 200 per sqft), the scope for appreciation would be at least 1.5 times higher than the appreciation of land in Prime Locations. Therefore, appreciation of this investment (land in Remote Location) would be 3X% (triple).
Now let us do some mathematics:
- To buy a flat worth Rs 40 lakhs, you may get 80% Home Loan (Rs 32 lakhs) and will have to come up with 20% Margin Money (Rs 8 lakhs).
- You also need to provide minimum Rs 4 lakhs for Registration and bare minimum furniture
- So, only when you have 8 + 4 = 12 lakhs readily available, you can buy the flat worth Rs 40 lakhs
- EMI for your Home Loan of Rs 32 lakhs may work out to approx Rs 32,000 per month for the next 20 years
- So, only when you have Rs 12 lakhs readily available, and the capacity to pay EMI of Rs 32,000 every month for 20 years, then you are capable of buying the flat worth Rs 40 lakhs.
- Let us assume that you have the resources readily available. In the first option, you could buy the flat worth Rs 40 lakhs straight away and keeping paying EMI of Rs 32,000 per month for the next 20 years. In the second option, you could invest Rs 12 lakhs in a plot of land in a Remote Area and live in a rented house. Let us evaluate both the options mathematically
- Assuming that the flat is appreciating at 8% per annum, your investment in land in Remote area would appreciate by 24% (three times)
- The table below shows that your investment of Rs 12 lakhs in land in a Remote Area has appreciated to more that the value of the flat in 9 years. You could sell your land and buy the flat without taking any loan.
- The table below also shows that your investment of Rs 6 lakhs in land in a Remote Area has appreciated to more that the value of the flat in 14 years. You could sell half your land and buy the flat without taking any loan. You would still have half the land and that will continue to appreciate enabling you to fulfil your other goals (Children’s education and marriage) and you may still have enough money to enjoy retired life.
- You will also save money by living in a rented premises till you buy your flat. The rents will be lower compared to the EMIs in the first few years. This saving will enable you to buy everything (Bikes, Cars, Home Appliances, iPads, iPhones, ... ) without taking loans. Therefore, you will be able to enjoy life AND fulfil all your long term goals in a much more magnificent manner.
Each of us is at a different stage of our investing journey. For some of us, this may be about moving into our very first home. For some others, it could mean earning a good livelihood from the investments we make. Investment decisions are confusing & a lot depends on your objective when it comes to property investment. Here’s how you can decide which a better investment option is for you – plot or flat.
Investing in a plot:
- Liquidity: Land is always in great demand. The value normally appreciates immediately due to zero depreciation on land.
- Customization: Another added benefit is that, it gives the owner the flexibility to construct their home according to their own requirements.
- Age no bar: The supply-and-demand equation also works in favour of plots as land becomes scarcer. Also, age does not affect a land parcel as it doesn’t become dilapidated soon.
- Less hassles: It goes without saying that no maintenance charges have to be paid which leads to a lot of cost savings. The buyer doesn’t have any financial obligations once the payment is made and the plots are usually delivered on time.
- Value appreciation: With space availability being a rising issue in every city, it is expected to appreciate very quickly. Flexibility of option to build as per future requirement helps the cost of land and property to increase very fast.
- More frills: Over the years, real estate developers have started offering more than just land. They understand the discerning client’s mind and their aspiration to design a dream home. That’s why many residential plots in Hyderabad are flourishing rapidly owing to their impressive infrastructure and excellent connectivity to the city. Shankarpally area is one such offering residential plots in Hyderabad to invest in, where House of Hiranandani has built a 65-acre township. Along with lush greenery and an elegant lifestyle, it has accessibility to major landmarks and offers plenty of recreational facilities inside. The House of Hiranandani Shankarpally Hyderabad project is among the best residential plots, with sizes ranging from 1650 sq.ft to 2700 sq.ft.
Investing in a flat:
- Ready conveniences: Owning an apartment is a lifestyle choice for many people. The key advantage of buying a flat is of course the array of amenities and services that come along with it to help you live a hassle-free life.
- Bank assistance: It's very easy to take a bank loan for buying a flat. In the case of a home loan, a buyer can get nearly 80-85% funding. Moreover, the maximum loan tenure for a flat can even go up to 30 years.
- Regular income source: Flats are ready to generate handsome income from the first day of taking the possession if it is given on rent. There are less chances of litigation with modern laws in place.
- ROI: A flat's worth keeps increasing over time since the demand is always increasing. Prices of flats rise higher and faster given their limited number compared to independent houses which may not boast extra facilities that a housing society provides.
- Appreciation: You should buy an apartment only after gauging the growth potential of the locality. Flats generally give a better ROI if they have a location advantage. Chennai OMR region for example, is fast becoming a favourite with prospective home buyers due to its excellent connectivity and location edge. The House of Hiranandani Chennai OMR project offers a holistic living experience to its inhabitants. It has 2 BHK, 3 BHK, 4 BHK, and 5 BHK luxury apartments situated strategically opposite the SIPCOT IT Park with a breath-taking view of the Bay of Bengal. They are among the most sought after residential projects and luxury apartments in Chennai, OMR. Thanks to the ideal location, the House of Hiranandani Chennai OMR project is a boon to all working professionals.
So, how to decide between a plot and a flat?
Fizzy Homes help you to judge the best investment avenue between a land and a flat, one should first focus on one’s own requirements. If you want to use the property for personal use, then land could offer an advantage of usage flexibility and handsome value appreciation in the long run. However, if you want to resell the property after a short period, then it is more profitable to take a position in flats as its worth keeps increasing owing to its demand. If earning a regular rental income is on your mind, you must invest in a built-up flat. An apartment can be rented out to fetch you some income, whenever you want. If the investor is a senior citizen or someone who cannot devote much time to maintain the property then it is advisable to take the choice of a flat over land.
Tips on getting a good resale property deal
An apartment that you can move into within days, with all the logistics taken care of and no new apartment hiccups – is this what you are looking for? Then buying a re-sale property is your best option.
Fizzy Homes takes a look at some of the things that you need to look at to make an informed decision.
The area is generally non-negotiable here. But what buyers do not realise is that often a few areas around the locality have better options in terms of price and built-up space.
A good price:
A re-sale property is not necessarily cheaper or more expensive than a new one.Another time to buy, real estate agents suggest, is when the market faces an oversupply.When the market witnesses a marked oversupply, the re-sale buyer stands a better chance of getting a good deal, as the original owner has to keep his price below the price of the developer’s latest quote.
Due Diligence checklist -
A few musts on the checklist include:
- Verifying the title records and ensuring the property specifications conform to the claims
- Builder-buyer agreement and original payment receipts against the installments paid
- Pending amount with the builder
- Reasons the owner is selling the property. “In case the property is being sold by someone who had originally planned to live in it, there may be negative reasons. These may include developer not having met the timelines or even the quality of promised amenities.
- Housing society rules and controls with regards to sale
Real Estate Tips for a First-Time Home Seller
Homeowners don't generally think about filling the shoes of a first-time home seller until they decide to buy a new home. Usually, the motivating factor is the need to move -- due to work-related issues or the needs of a growing family -- and that generally involves buying another house. It's when the homeowners stop to consider the move that it may dawn on them, yes, because they need to sell, they are now a first-time home seller. Selling a home is very different from buying a home. Whereas buying a home generally involves emotions and feelings, selling a home typically centers on what listing agents like to call maximizing profit potential.
Price Your Home accurately:
For this, you should enlist the help of a reputable listing agent. Don't choose your cousin's sister-in-law, for example, who dabbles in real estate. You'll fare much better if you select an experienced real estate agent who sells a fair number of listings, preferably in your neighborhood. Your agent will analyze comparable sales and prepare an estimate of value often called a CMA, for comparative market analysis. It is OK to compare the estimate but note the variances your agent will point out because your listing agent should have the experience and education to provide you with a more accurate opinion of value.
Home Staging Boosts Selling Power and Appeal
Ask your agent to advise you on preparing your home for sale. Most homes show better with about half of the furniture removed. If a buyer walks in the door and wonders if anybody lives in the house, you've done your job correctly. Consider home staging to boost your selling power and appeal. Painting is the single most effective improvement you can make. Don't let dings in the woodwork or scraps on the walls make your home reflect deferred maintenance.
The Best Day to List Your Home
Choose the best day to list your home. This time period will vary depending on your local community, the weather, time of year, and a host of other factors, including the state of your present real estate market. It's not like that movie Groundhog Day. You basically get one chance to present your home in hopefully its best light the first day on the market.
Ask About Your Agent's Standard Real Estate Commission
Ask about your agent's standard real estate commission before you get too far down the line. If it's reasonable, consider the big picture and benefits to you to hire this individual. Check track records for performance. Don't expect a full-service agent to discount. Getting into a contract is only the beginning; you need to make it all the way to closing.Your home will not sell itself, despite what you may read or hear or the propensity of real estate websites to make the process appear as easy as the click of a mouse. It's not. You don't know what you don't know. To get the most money from the sale of your home, you will most likely rely on the professionals you have hired to sell your home. Do not try to pit agents against each other to compete for commission or you'll increase the chances you'll end up with a weasel. You don't deserve a weasel.
Be Flexible With Home Showings
Be flexible with showings. If home showings are too much of an imposition, consider going away the first weekend your home is on the market. Yes, it can feel a bit intrusive to allow strangers to trek through your home and check out your soft-closing drawers in the kitchen. The best way to sell your home is to let a buyer inside with her buyer's agent to tour in peace and quiet. Leave the house when buyer's agents show up. Anything you say can and will be used against you, plus, buyer's agents prefer to show without interference.
Host an Open House
Allow an open house if your home is conducive to an open house. Not every home is a viable candidate for an open house. If your home is located in an area close to major traffic, that is generally indicative of a reasonable expectation that the open house signs will pull in visitors. Ask your agent if she advertises the open house online. Many a home buyer has had no desire to buy a home until she spots an open house and subsequently falls in love. Insist on Professional Photography Of course, if you have hired a top-notch listing agent, your agent most likely already provides professional photos. It's not enough to just get the angle right in the photo, the most popular photos are rich in color and depth, and they entice. Ask to approve the virtual tour or photo tour before it publishes. Review Your Listing Online Look at your home listing on various websites to make sure the information conveyed is accurate. Agents do their best to ensure accuracy, but since it is your home, you know the details better than anyone. If you spot a feature that is missing, contact your agent immediately and ask for an inclusion. Respond Promptly to a Purchase Offer Try to respond promptly to a purchase offer. Many offers contain a date by which the offer expires. Notwithstanding, it can drive buyers crazy if they are forced to wait for a seller to decide whether to accept their offer or to issue a counteroffer. Remember, if you are selling because you need to buy a new home, you are no different when you are a home buyer yourself. Line Movers Up Early Line up your movers early. If you are thinking about moving at the end of May, for example, which is the busiest time of the year for movers, you might find it is impossible to locate movers for the day you want. You can start packing before your home hits the market, which will give you a head start on the process. It will also give you peace of mind to be prepared. Selling can be stressful enough.
Essential Sales Tips For Real Estate Agents:
- Don't Sell: When it comes to real estate, in particular, an agent's job is not to sell. We should facilitate and coach our clients. When someone feels or finds out they have been "sold," they are likely to resent the salesperson. Instead, provide advice, educate, keep clients focused on the goals they described for you. This is putting the needs of the client ahead of the needs of the agent.
- Create Value: The best piece of advice I have received in my career has been to create value. When we focus on creating value for others, we create trust with our audience. This trust has been the single greatest asset in my portfolio. It has led to great opportunities within our industry and has helped foster some wonderful client relationships.
- Work Hard And Be Honest : My mother, who founded our company in 1980, told me the key to success is simple: Work hard and be honest. Don't pretend to know all the answers when you don't, because in real estate, your best asset is your reputation. Ensure your clients that you will get the answer, and take action. Never, ever lie.
- Offer Multiple Options: Be a trusted adviser. By presenting multiple options to a potential client, you can guide them to the best option for them rather than pushing something on them. We often tell people if our solution isn't the right fit for them, and we might lose a sale as a result, but the trust we build with people by being honest generates more long-term value than any individual sale.
- Be Human: Most agent training on sales is about getting the "prospect" to do what we need. Sign the contract, get the sale. But it's not about that. We are fiduciaries, so our ultimate responsibility is to serve the client. When we go in with our goals in mind, not theirs, it shows. It degrades trust. When we go in with a mindset of helping them reach their goals, we build trust. Serve. Success follows.
- Hit Whatever Is Thrown Your Way : Develop an “I don’t care” attitude. The advice came from a Little League coach. I was having so much trouble hitting the pitch because I was trying to decide if it was a strike or a ball. His advice was to develop an attitude of, “I don’t care what the pitcher throws — I’m hitting it!” The advice applies to sales. Don’t care about the challenges thrown at you — solve whatever they are.
- Strive To Create Equity : Paying rent never creates equity, property ownership does that, and you can borrow against your real estate to grow any other business. I purchased my first real estate at 19 and used it to grow education, training, real estate and nonprofit businesses internationally.
- Be Obsessed Or Be Average: Be obsessed. That's it, be obsessed with getting your client your product or service. Be obsessed with providing them with the highest level of service and satisfaction. Be obsessed with solving their problems and growing your business in the process. Most salespeople simply lack clarity and obsession, and you can't show me one great salesperson who's not obsessed.
- Always Be Willing To Help : My mindset has always been to help people. If you are willing to help people with knowledge, skills or expertise, you will be the first in mind when they need professional services or as a referral. Your reputation is built by the things you do, not by what you say.
- Listen And Learn: Being a good listener is key to sales success. Listening shows you care, makes it possible to understand what the prospect's true needs and wants are -- which then helps you frame how you can provide a solution. Sometimes, prospects simply need to convince themselves. In those cases, you just need to listen and validate what they're saying. –
- Provide Direct Solutions To Clients' Challenges: The greatest barrier to success for a client is a distraction keeping them from achieving their goals. One of the most challenging barriers includes real estate development. Showing how your services can remove complicated barriers is essential to close the sale.
- Ensure Constant Contact and Communication: Nobody knows you exist until the consumer sees you. You are the best billboard for your brand. Constant contact, communication and advertising your name/brand is the only way to let the consumer know you exist. You have to spend money on advertising to make money. If you keep your name silent, no one will ever know your brand exists or what your company offers. Advertising Rupees equal profits.
- Activity Drives Results: The more calls you make, the more networking events you go to, the more follow up you do, the better your sales results will be. Track your activities and you will clearly see that it boils down to how much you are actually DOING that generates sales. Meetings and brainstorming sessions are great, but activities directly related to generating new business will drive sales.