Is It Wise To Buy a Luxury Home In Pune?

The term ‘luxury’ has taken a whole new meaning in this city called ‘Oxford of the East’. Known for its high-quality education opportunities and growing IT, Pune is today becoming a renowned name in the real estate industry as well. Due to the commercial progress in the city, a number of industrialists and high-net individuals are now immigrating to Pune. Pune has seen a paradigm shift in the kind of housing and residences it offers since the last decade. From wadas, standalone buildings and own bungalows, the city’s skyline is now giving way to townships, luxury projects, high-storey buildings and row houses. The transformation is not a sudden one though, it is the demand of the residents of Pune that has led builders to create new and improved homes in the city. Earlier, one could easily find a 2 BHK apartment in Pune within 50 lakhs. But today, it is impossible to find a good apartment at that cost in the city.

The same goes with luxury homes in Pune. The cost and the configuration of luxury homes are constantly on the increase. Today, you will find a number of projects offering 4 and 5 BHK luxury apartments in Pune, penthouses, row houses, etc. These projects also deliver a world-class living experience with amenities and facilities of international standards. The cost of these homes however, are above 3 crores, going up to 10 and 15 crores depending on the location and the project. These high costs raise a question of whether it is a wise decision to buy a luxury home in Pune?

The answer is yes, if you purchase with the right builder at the right location. Today, a number of builders have come up in the city offering way too many luxury projects. If you are a first time buyer in the luxury segment, you might want to take assistance from real estate experts before you shell out such a huge sum of money. Location is also a very important factor to consider before you make your decision. Pune has spread out widely in recent times, confusing buyers as to which would be the ideal location to buy a luxury home. Some of the best locations to buy premium properties in Pune include Kalyani Nagar, Viman Nagar, Kharadi, Hinjewadi and Model Colony. These are areas that are close to business destinations and yet present you with a serene and natural environment around your home. Another benefit of buying in these areas is the rapidly growing appreciation rate, giving you great rewards on your investment in the years to come.

Next important factor to consider is the builder. Choose a builder who has developed premium properties in his portfolio, understands the integrities of luxury living and promises you good after-sales service. These qualities will differentiate the good builders from an excellent one. When you are spending such a large amount of money, make sure you buy a premium property that will soothe your senses and celebrate YOU!

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Costly Mistakes When Buying Luxury Homes

Owning a home is a must for almost every individual. Of course, by having your own home, you have a safe and secured place to stay in. Homes are also good investments, which can increase in value over a period of time. When you own a home, you can also provide a better and more stable future for your loved ones. However, there are some home buyers who seek for luxury homes.

During the past, owning a luxury home is only for the rich and famous. Luckily, there are now luxury homes that are quite affordable. When looking for such homes, you should be cautious since a simple house buying task can turn into a night mare. To avoid this, below are some of the most costly mistakes when buying luxury homes.

Not considering the real budget

One of the most common mistakes individuals make when buying luxury homes is not considering their real budget. When searching for a home, most individuals want numerous features from the materials used up to the designs. Of course, you may find the perfect match you are looking for. But, the problem is you do not know if you want to spend such a big amount of money for the home. As a result, you may end up spending too much money in searching for the right place to live in. It is important that you first set a real budget before searching for a home you want to purchase, in order to eliminate unnecessary choices.

Neglecting future expenses

The next mistake home buyers make when searching for luxury homes is neglecting future expenses. Even when all the items and features in the home are working properly, in time, you will need to do some repairs and maintenance work, which can be sometimes costly most especially for unique features such as glass walls or doors. So, make sure to have the finances for repairs and maintenance.

Forgetting to check the community

Forgetting to check the community is another mistake home buyers make when buying since there are cases when buyers only focus their attention on the house. When this happens, you are not sure if you have sufficient security in the community. Apart from that, you may also have difficulties accessing amenities like supermarkets and shopping centres. Because of this, you might spend more on transportation and security services.

Going too big

Finally, going too big can also be a major mistake when buying luxury homes since bigger houses mean more money to spend. In addition, bigger houses mean you also have a larger place to maintain, which can surely affect your finances. Other than that, there are also some features that are not useful and can only increase the price of the house you wish to purchase.

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The Latest Trends Of Luxury Home Remodeling And Renovation

Most homeowners consider home renovation to better improve their living quality and to achieve some of their dreams and desires. Remodeling may vary a great degree from a bathroom and kitchen upgrade to building or deck or a whole new room or two to your home. On the other hand you may choose to partner with home remodeling companies or become your own general contractor. No matter how you wish to carry out the project you should always make wise home remodeling choices whilst considering the return on investment.

Noteworthy Trends To Follow

You will always be the best judge of what you wish to achieve from luxury home remodeling as it is ultimately about making your home completely personal. You do not need to blindly follow trends, but the following are noteworthy to get an understanding of what’s in vogue and get valuable tips from them.

Go natural – Wood finishes are definitely high up on the trend dashboard. There are certain cost implications when it comes to natural wood but there are many substitute such as steel windows with wood finish to serve the same purpose. Stone floors are also an eye-catching option worth considering.

Go contemporary with more open spaces – Open floor plans tend to yield more usable space. You could also blend in some glass walls to bring the outdoors closer. Natural lighting would be an added bonus here. You may also have open spaces open directly into the backyard or patio to give a more luxurious effect.

Go green – Current trends now show more focus towards loving healthy and creating healthier homes. Such aspects include clean air-filtration systems, energy saving appliances, and sustainable raw materials among many others. These not only act as smart investments significantly impacting your home value, they help you and your family stay healthier which is priceless.

Some Trends Best Avoiding

If you plan to live in your current homes for only about 2-3 more years, it is best to avoid a fancy and pricey home renovation. In such a case consult with home remodeling companies on whether you should go forward with your plan. There are also some over-the-top home improvement projects you should generally avoid (unless these are essential components of your dream home) such as high maintenance items like in-ground swimming pools and expensive landscaping. It is also best to think twice before investing in very pricey items such as sunrooms and whirlpool baths depending on whether they are actually required.

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Experience Luxury Lifestyle With the Luxury Home

We are all aware that Miami is one of the best real estate markets. It is one of the most improved and stable market if you want to do some investments. If you are going to observe the market, there is a quick turn over with your investment.

This is the reason why there are lots of people who are into investing in this magnificent city. If you are into search Miami is also the best place to be. There are lots of bargain properties that are presented to the public for sale. The numbers of properties that are for sale is due to the mortgage crisis that gripped the entire nation. And because of this, even the price of the Miami luxury home is affected. Now there is lots of luxury home that are for sale and for sure you will get your money’s worth as you buy one of these luxury homes.

But in order to be sure that you will get the best deal there are some important factors that has to be considered. The first thing that you must consider is the location of the Miami luxury home that you are planning to invest. Most of these luxury properties are located at the safe and secured places. There are different neighborhoods that you can choose. It is important that you have to check on the exclusivity and security of the neighborhood. It is also important that you have to check on the laws in that particular location. It is important that you have to be aware with these laws and be sure that you are willing to abide them to avoid future problems.

Another important factor that you need to consider is your financial status. It is important that you have enough financial resources in order to get the best deal out of these Miami homes. Determine the amount that you could safely dish put for this investment. Despite of the decline on the prices of the home, prices are still high especially for average earners.

As you buy a Miami homes, there are some modifications that you want to do. And because of this, it is important that you have allotted budget for the repairs and some modifications. In this way you can be sure that you can comfortably stay in the luxury home.

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Luxury Home Improvement

There comes a time when a family house may need a major make over. An increase in your income or a promotion may also prompt you to upgrade your home so that it fits your new economic status. Or maybe you just want a little luxury in your home so that a relaxing time is just that; for relaxing. Regardless of the reasons why you may want a little more luxury in your home, the luxury home improvement tips will give you the ideas on where to start.

If you would like to give your home a face lift and you don’t have much to spare, don’t worry. There is something for everyone in the luxury home improvement plans. For example, if you are one of those people who can’t sleep before they read, then an elegant bookshelf may give a classy touch to your home. If you would like to upgrade your bath area, there are a few ideas that you can adapt from the luxury home improvement plan.

You can decide to increase the size of the master suite, or include a walk in closet or simply improve your bathroom amenities from the luxury home improvement suggestions. Vaulted ceilings may work magic to give your home the feel of extra space. Others may prefer to have steam rooms in their homes, while for those who cannot resist the temptation of a relaxing hot soak, Jacuzzis may work just fine.

You may be among those people who have got it big this time round, so the cost of implementing the luxury home improvement plan is not much of a bother. There are grandiose plans that may work for you as well. For those who are not bothered by stairs, a storied house may be fun to try out this plan.

For those who are inclined to sports, a bowling alley is a great idea from a luxury home improvement plan. You can also include a workout room. For those who find water relaxing, a swimming pool will shorten those tiresome afternoons. Multiple car garages may work well for those who foresee more fortune. For more fun, a media center can be included in your home. If you are among those who love nature, you may want to include a conservatoire in your luxury home improvement plan. A guest house or servants quarters may also be worth consideration.

Do not forget to compare the luxury home improvement plans that you have been given before you settle down to what works best for you. If you do not find a plan that suits you but there are a couple of ideas you like from those plans, and then make your own luxury home improvement plan. Combine all ideas you have for your home, and then discuss them with a professional.

Keep away from improvements that will draw unnecessary attention to your home. The main objective of these luxury home improvement plans is to add comfort to your home. Make sure you choose improvements that will enjoy. After all, didn’t you pay that much to increase the fun and comfort?

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