Tips for NRIs to Invest in Real Estate in Nashik

Nashik is now emerging as a major destination for investment in real estate. However, not many of us are that well versed with the real estate industry. So, we thought, how about guiding the ones who are new to the real estate industry and are willing to make a healthy investment in properties for better ROIs!

So, this is for all the NRIs out there who have been hunting for properties in India, here are a few tips that you must follow when you plan to buy a property in Nashik:

• Planning: when it is about investing money in a future home, you need to have a fixed and concrete plan in hand as to how to go about finding the right property for investment. Also, a major plan to avoid any debts or losses on the same!
• Location: The next thing you need to do is to invest for your future in a planned location. Carry out an extensive search for the kind of property you are looking for and buy a residential property in Nashik as it is an easy option due to its strategic location for asset investment in India.
• Luxury Apartments: If you have a limited budget, it is also not wise to opt for a property that demands huge investment that would lead you to nowhere, but, you can certainly buy a premium luxury property in Nashik via proper property search on CREDAI NASHIK property portal.
• Profit: if you have a look at the real estate market across the globe, you will notice that the property prices are not making much profit to the investors and hence, you can undoubtedly dodge all the risks involved in this and peacefully invest in properties in Nashik.
• Time: Well! You need not wait for any other time and go ahead with a property of your choice as this is the best time to invest in Nashik and NRIs can be free from levied tax of the government.

So, what are you waiting for? Gear up to find a suitable property for your investment in future home!

Home Insurance Buying Checklist

Previously, we discussed about the need and importance of home insurance policies.  Considering the need for the people to be aware about what all their home insurance policies should have and what they can avoid, here is a checklist for Home Insurance buying that you must know.

Ensure that the replacement costs are provided in your home insurance policy.

In case you do not have replacement costs covered in your policy, the insurance company shall deduct the depreciation cost from the item’s you claim compensation for when paying a claim.

• Ensure yours home insurance policy has some type of inflation guard. This will ensure that the value of your home is calculated as per the rising costs and trends and taking into account for rising construction and material prices.
• Do not forget to inform your insurance company in case you renovate your home or making any improvements to your home.
• Whenever you are adding any value to your home and investing in it, keep your insurance company informed.
• Make sure your home insurance policy provides for additional living expenses. This is applicable when you need to live away from your home while your home is undergoing repair and amendments. Here, expenses such as staying in hotel rooms or etc. can be covered.
• You should also make sure that you have sewage backup coverage as well. Not having a sewage backup insurance can, actually, be very frustrating for you due to the foul smell and odors.
• Checking for the sufficient liability coverage in the home insurance policy is also important.
• Last, but not the least, ensure that you are protected for the added costs in case of a new building laws and rules. The laws can change from time to time and you must ensure that you are protected for that additional expense as well.

So, this time you visit a home insurance company, make sure you do not miss out on any of the above mentioned points while you finalize a home insurance policy for your lovely home! If you have any queries, you can comment below or get in touch with us on our Facebook page. We would be happy to help!

Why Home Insurance is a must for the Homeowners?

We work hard to save money to buy a property for our family all our life. Would you like it if all your savings are at stake after you buy a home?

Nobody would want that!

Most of the first time buyers often miss out in insuring their home. Here is what you must know about home insurance policies.

Why do you need a home insurance policy?

Property buying is the largest single investment that most of us make in our homes. Ever wondered that it just takes a few minutes for a fire to destroy the house? Did the thought of a natural calamity hitting your residential area ever came to your mind? Well! This is where the need for a home insurance policy lies.

Any basic home insurance policy offers insurance protections to cover the losses which occur to the insured policy holder’s belongings or home, additional living expenses as well as the liability insurance for any accidents that occur on the insured asset/property.

What do the basic home insurance policies cover?

The basic plans for home insurance are the most popular ones and a majority of these are preferred by most of the people as they are cheapest. These basic plans cover the most common types of natural calamities/disasters like fire, lightening, theft, wind, Hail, explosions; Vandalism, riots & Civil unrest and the liability for accidents to others when visiting your property/home is also covered to some extent the basic home owner policies.

However, in the basic home policies, not all the accidents are covered.  So you must find out which all other kinds of home policies are there that you can opt for in order to have a home insurance for your property.

And anytime, if you feel it is not that important, remember, all your savings of life can be destroyed with a single spark.