13. May 2013

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Lavishing Apartments, Flats in Shankarpally, Hyderabad

A city which is dominated by the IT industry, this southern capital of Andhra Pradesh has a lot to offer besides being a hot tourist destination. A lively 400 year old metropolis, this city has been the former seat of the wealthy Nizams and has a number of popular attractions. Some of these include ancient tombs and monuments such as Chote Hazrat Ki Dargah, Hussain Sagar, Mecca Masjid, Indira Park and notable prestigious institutions such as the International Institute of Information Technology, Gandhi Medical College and the National Academy of Legal Studies and Research. Hyderabad is divided into the ‘Old City’ as well as the ‘New City’ which are connected by many bridges. The city also has a twin city of its own known as Secunderabad.

Divided into five different zones; South, East, West, North and Central; Hyderabad has a number of colonies (circles), wards (150). Each ward has approximately 36,000 people living there.

Apartments in Hyderabad have been built to fulfil desires of all working professionals and in fact their value has increased owing to the increased number of IT companies in the city. 2 and 3 BHK apartments remain popular options for investors and real estate buyers with many people flooding into the central and suburban parts of the city. Banjara Hills, Bugumpet, Jubilee Hills in western Hyderabad; Mehdipatnam, Koti- commercial hub and Secunderabad are popular residential areas in the city. Apartments in majority of these localities are beneficial to the residents due to their proximity to markets, offices, hospitals, educational institutions, malls, etc.

Shankarpally, a village and Panchayat in the Rangareddy district of AP is located 35 kilometres from Hyderabad and is also 5 kms away from the IIT Hyderabad campus. This has contributed to the area becoming an increasingly popular real estate area with a number of people buying flats in Shankarpally. It is actually a suburban area of Hyderabad and is well known for its beauty and climate. A developing town, people are investing in buying plots of lands and having their own independent homes in this town. Various sites are already in their infantile stages and many are on-going projects with many people desiring to have a property in this area.

With many business centres, office spaces and IT companies located in Hyderabad and nearby Shankarpally, there has been a sudden increase in real estate buying in the city. Not only has it contributed to an increase in the properties of the area, but also the number of buyers.

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10. May 2013

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Build Your Home With a Construction Loan

Building your dream home is an exciting event. Most home owners, at some point, look around their home and think of things like, “what if the kitchen was a little bigger” or ” I would love a grand staircase”. Whatever your home wishlist entails it can be difficult to find a ready made home that meets all of your needs and desires. Building a custom house can be the solution to having the home you always dreamed of.

Most people do not have the money to build a home from scratch, that’s where a construction loan comes in handy. A home construction loan may be offered by your local mortgage banker or credit union. The loan can pay for the cost to purchase the land, pay for permitting fees, and the cost to build.

In order to get started speak with your mortgage lender about getting pre-qualified. This will give you an idea about how much you can afford and help you to create a budget. For example if you can qualify for a maximum of $400,000, you need to tell your realtor and your contractor. Working together they can help you understand how much you can spend to purchase a lot and how much needs to go directly toward construction cost.

Finding the right contractor is an essential step. You should hire one that comes with recommendations and is part of the National Home Builders Association. The mortgage underwriter may review their qualifications as part of the loan approval process.

Part of the home loan approval process will be a review of your construction budget. During the coarse of the loan your contractor will submit invoices to the lender and the lender will issue incremental payments. This safety feature works in your benefit because you only pay for work performed. It prevents you from the risk of having a contractor take money and walk off the job. A lender will typically have someone inspect the job site to ensure that the materials and work being billed for are actually on site. In a construction loan, the mortgage lender becomes your partner to ensure that your home is built accurately and on time.

As with any home loan, you need to make sure that your mortgage works to help you achieve your financial goals. Work with your mortgage banker to secure the interest rate and mortgage term that meets your needs. Be aware that there are several types of construction loans and a construction to permanent loan is the most secure. This type of loan gives you the financing necessary to build your home, and a long term mortgage loan that pays off the construction loan once you have occupancy permits. A construction to permanent loan lets you lock in the interest rate and eliminates the stress of shopping for a long term mortgage last minute. Discuss your options with a mortgage lender when you apply and let them know if you prefer the security of a set long term loan or want to wait and float your interest rate.

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6. May 2013

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Why Should You Invest In Kit Homes Today

The need to own a decent home always comes with a price. But the reality is that not every family can afford to pay for a good home. It usually takes hundreds and thousands of dollars and less than a decade, at a minimum, to be able to pay for a mortgaged property. But there are other options that not only allow families to pay less, but also get good quality homes that they can call their own.

One of the deterrents in purchasing a real property is the high cost of premium lands in villages and suburban areas. Often times, these pieces of residential lots are priced higher if they are situated in main lands, city centrals, or within the outskirts of a bustling town. But if you are given the chance to purchase from one of these areas, constructing a house may have to wait for a few years. The cost of materials and labor are also sky rocketing these days, so not everyone is going for this option.

A piece of land you can manage to purchase within a few years is ideal for any type of home. You’d have to decide on whether to go for a traditional house constructed from the ground up or opt for a pre-assembled house that comes in a package of various separate pieces. If you are unsure of the first option, then getting a kit home is the next best thing you can go for.

The price of a kit home is considered more affordable than traditional houses. Though you’d still have to pay for land, the amount you’ll spend on both is definitely lower than a mortgaged property. But if you worry too much on the dimensions, style, and size of the finished unit, then you’d have to choose the right one for your family’s specific needs.

This type of home can also be customized to meet your preferences. But you’ll need to decide on the size, number of bedrooms and bathrooms, and storey before planning for this home project. You should also factor in the possibilities of hiring a construction team to help you assemble the house on your property. But if you have the experience and numerous helping hands with the know-how, then, you are off to a good start. It may take a few days to a couple of weeks to finish the assembly or construction part of the kit home, and it also depends on the number of components and their sizes.

If money is the main deterrent for buying a real estate property, there’s always a better chance of saving some cash along the way. The price of land may be high, but if you can spare a few more thousand dollars for a kit home, then there’s no reason not to try this option.

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3. May 2013

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Sierra Reserve Is the Newest Luxury Community in Scottsdale AZ

Sierra Reserve is finally under construction in Scottsdale Arizona. This highly anticipated luxury home community has been long in the process. Buyers are eagerly awaiting the opportunity to purchase a brand new construction home in North Scottsdale. There are very few new “never lived in” homes currently available in Scottsdale. Sierra Reserve is on one of the last remaining undeveloped parcels in North Scottsdale. This is one of the few opportunities for home buyers in Scottsdale who want a brand new luxury home without having to go through the custom home building process.

Sierra Reserve is redefining the new home construction process for home buyers. Their goal is to change the way home customization is done. There are 19 different floor plans to choose from and a variety of architectural styles and interior features. Buyers can customize their homes without all of the usual headaches that go along with custom construction. This streamlined approach is perfect for out of state residents who want to purchase a vacation home in Scottsdale. Every home will be single-level, from 3,000 to 6,000 square feet.

There are two distinct neighborhoods within Sierra Reserve: Desert Garden and Paseo. Lot sizes in Desert Garden start at 1/2 acre and homes will be 4,000 – 6,000 sq ft. In Paseo, the lots are 1/4 to 1/3 acre with homes between 3,000 – 4,000 sq ft. Prices for these brand new homes are starting at $1.5 to $2.5 million. Construction will begin in the fall of 2013. The first homes are expected to be done by the summer of 2014 The Brodeur Luxury Group has recently launched their new Sierra Reserve website, dedicated to keeping home buyers up to date on the latest news about Sierra Reserve.

New construction homes in Scottsdale are few and far between, and developer Lyle Anderson has scooped up one of the last remaining undeveloped parcels of land for this highly anticipated project. This alone makes Sierra Reserve homes some of the most desirable Scottsdale homes available.

Lyle Anderson is well-known for developing the Scottsdale golf communities of Desert Highlands and Desert Mountain. Sierra Reserve will be the smallest of these developments and it will not include its own golf course. However the community is located directly next to The Golf Club Scottsdale. Some of the home sites even have golf course views. It is also situated close to several widely acclaimed public and private golf clubs including Estancia Club, Troon North Golf Club, Troon Country Club and Grayhawk Golf Club.

Home owners in the community will experience life the way it was meant to be. Elegant luxury homes in a peaceful, relaxed environment. The unsurpassed views and state-of-the-art amenities are the icing on the cake. Residents are close to Scottsdale’s world-class shopping, restaurants, art galleries and entertainment venues. The community “Villa” will include the fitness center, swimming pools, tennis courts, a cantina and more.

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