Properties

Utsav Homes Balewadi: A full look at our properties

Whether you are renting or buying a property, Utsav Homes Balewadi is here to lend you a helping hand. We are a real estate company that has several properties and apartments for our interested clients. Know more about it by digging through the details below:

What are the different kinds of properties?

Before looking at what Utsav Homes Balewadi has to offer, it helps to familiarize yourself with the different kinds of properties that are common today. Here are the 4 main types of properties that you should know:

Residential real estate

Residential real estate refers to any kind of property that is used for housing. This includes family homes, duplexes and condos among others. It’s an ideal property for those who are planning to build their dream home or start growing their own family.

Commercial real estate

Commercial real estate often involves places for business operators that provide services to various groups of people. Some properties under this category are stores, gas stations, hotels and hospitals to name a few.

Industrial real estate

As its name suggests, industrial real estate is for all lands, buildings and properties that involve doing industrial-related activities. Some examples of these activities are producing goods, manufacturing products and distributing different items.

Raw land

Raw land is commonly used to refer to areas that are undeveloped or are used for agricultural purposes. This includes farms, ranches and timberlands. Compared to other types of properties, this is the least expensive option since it does not involve any renovations or maintenance as well as property insurance.

Reasons why buying a property is a good investment

Investing in real estate is a great way to earn an additional income passively. It also does not require constant supervision since it can be left by itself while you wait for an interested party who plans to lease or buy it. Explore the different reasons why buying properties is a good investment for the long term here:

  • It’s suitable for everyone

Compared to other types of investments, you don’t need to be an expert to start investing in real estate. It’s a great start for first-time investors who want a safe and solid choice that is beneficial for the years to come. Brushing up on the basic knowledge is more than enough to give you an idea about the industry and work your way through it.

  • It’s a good way to earn regular income

If you own a real estate property, you have the option to rent some rooms and gain profit from it regularly. However, it is challenging at first since you have to consider a lot of things like looking for tenants and managing the place. Despite those obstacles, you can reap all the benefits since you can get a steady source of income monthly.

  • It helps you feel financially secure

Owning a real estate property gives you the opportunity to become financially secure. No matter what happens, you can earn from it rather than investing your money in less safe choices. This is the common option for those who are retiring since this ensures that you can earn something even if you are not working a regular job anymore.

  • It can be passed down to the next generation

One of the best things about real estate is that you can pass down your properties to your heirs. No matter how many generations pass, the value of that land will maintain or increase which is beneficial for the next owner.

Types of apartments in Utsav Homes Balewadi

Here at Utsav Homes Balewadi, we focus on residential properties, particularly apartments. If you are interested in renting or making a purchase, below are some apartment options to choose from:

Studio

A studio apartment is a perfect fit for those who are living alone since it’s equipped with one room, kitchen and bathroom. Some similar variations of this include the alcove studio or a convertible studio.

Alcove studio

The alcove studio is similar to a regular studio but the main difference is it has an L partition in the living room. As a result, it makes the entire space look bigger and is perfect for your sleeping area.

Convertible studio

Compared to similar versions, the convertible studio is the biggest one since it allows you to build a wall to create a separate bedroom. It’s a great choice for couples or people living alone since it has more than enough space to move around.

Convertible flex

For something slightly bigger, go for the convertible flex. It’s an apartment that has enough space to let you build an additional bedroom. For example, you can choose a two-bedroom flex that has a large amount of space and can be divided into two separate rooms by putting drywall in the middle.

Loft

Most residential units have a loft design, which is a large room with high ceilings. It’s a modern look that is suitable for those who want to embrace their independence while living in a cosy place.

Duplex/Triplex

A duplex is an apartment with two floors while the triplex has three. It’s a fitting choice for small-sized families since the upper levels of the property can be used as sleeping quarters.

Junior 1 Bedroom

Slightly similar to the regular studio, the Junior 1 Bedroom has a separate sleeping area. Apart from that, it is complete with all the necessary amenities like a small kitchen and a full-sized bathroom.

Garden apartment

For those who are fans of nature, a garden apartment is a right fit for you. It has a backyard and is usually found on the ground floor of a residential building. Some other places put this in the basement level for security reasons. Before signing a contract, make sure to check the place and consider all the necessary factors to make a worthwhile choice.

What to consider when buying a house

Make the right choice when buying a new house by considering the following factors:

Budget

Before buying a new house, you should first lay down your budget for it by saving the right amount of money. Although you can take a loan for it, you should not overspend beyond your means to avoid having debt in the future. It’s best to save enough funds for your home so that you can stay in it comfortably without having to worry about anything else.

Job security

Apart from having a suitable budget for your home, you also have to think about your current sources of income. Ensure that your present job is enough to sustain your plans of buying a home. If you are having second thoughts about it, the next choice is to rent in the meantime since it is fairly less expensive.

Duration of stay

Although it’s great to buy your own place, you also have to think about how long you plan to stay in that location. If you are thinking of residing there permanently, buying a home is an ideal choice. However, if you are only staying temporarily, it’s more fitting to rent since this can help you save more money in the long run.

Emotional state

Although many people tend to overlook it, your emotional state when buying a home is a crucial factor since it helps you make the most logical decision. If you are feeling anxious or currently have strong emotions, it’s best to avoid making any big moves and wait until you feel calmer. This avoids any possible issues in the future. Remember that buying a new place is a heavy decision so you should be in the best state of mind before signing any binding contracts to avoid any regrets.

Location

The location of your preferred home should be suitable for your current lifestyle. It should be easily accessible and is strategically located near big establishments like malls and office buildings for a more convenient stay. Even if you are planning to move outside the city, it’s still ideal to choose a house that is near the road for a more comfortable living situation.

Size

Choosing the right size for your new home depends on your current circumstances. If you are planning to stay with your family, it’s best to go with a bigger house that can accommodate everyone. Although that is more costly, it’s a worthy expense since it ensures everyone’s comfort.

On the other hand, if you are living alone, it’s best to go with a smaller space to save up on expenses. You can also consider renting instead of buying a house since it’s more affordable.

Utsav Homes Balewadi: Visit us now!

Find the best apartments with amazing amenities here at Utsav Homes Balewadi. No matter what kind of home you are looking for, we got them all for you. Check our website for more details. If you have any questions or concerns, reach out to us through our email or telephone number.