Home Interior Design – Comfort and Functionality Being Critical Aspects

Why would you approach an interior designer? The normal purpose would be to have a plan made to give the finishing touches to the home you just bought from a builder or perhaps giving your existing home renovated anew. In both cases, you have to take into account many factors and the interior design company that you choose should also factor in these aspects to provide you a desirable design for the interiors of your home. What are these factors?

The Interior Designing Must Take a Holistic Approach

When you seek the help of a home interior design expert, you should be able to impress upon him the need to view the assignment which has to consider all the aspects of the home, the size, location, living space available, the people occupying the house and the way to connect all the utilities. Then there would be a tossup between the aesthetic appearances of the interior versus the usefulness of a particular part of the design.

The interior design company has to assure you that whatever they are recommending for your home will not contravene any local regulations and will also conform to the environment without causing any pollution or greenhouse gases.

Coordination with the Contractor Executing the Work

Many times, the interior designer would give you a plan, but the contractor who is selected by you to execute the work in your home might not agree with a few recommendations. If you are not very familiar with the work of the interior, you could be put to inconvenience in this difference of opinion between the two. To avoid this, you might want to make them sit together and come out with a commonly acceptable plan of action so that the work could be done smoothly.

Have You Included the Furniture as well?

If you have given an assignment to the home interior design expert, along with the suggestions and choices for the furniture, then you might wish to share your own preferences with him/her. This way, the final outcome will reflect your individual personality as much as the creative ideas put forth by the designer. In the case of specific areas in the household, like the kitchen, for example, the interior designer has to come up with the ideas to make the kitchen a modern one with the modular storage and the smoke hood provisions and so on. However, at this stage can you overlook the comfort and functionality. Things have to be stored and retrieved during the daily use of the kitchen by you and your spouse and you should not be put to any discomfort.

Then the new interior work should make the bathrooms better, and the electrical wiring and lighting fixtures be made much more energy efficient in keeping with the need of the times we live in and so on. While doing all this, you have to keep an eye on the cost. You might already have a budget and the interior design for your home should get done within the same. Your home will be an enjoyable place to live in if you have the best interior.

How Property Fund Investors Can Fare Better Than Real Estate Developers

Are real estate developers disadvantaged relative to property fund investors?

Most real assets are performing better than the volatile stock market. But for some, property funds hold greater attraction over developed real estate.

Since the financial crisis of 2008, investors have soured on traditional investments due to factors of poor performance. Instead, they’re turning toward alternatives that include land investments and property funds. The reasons for this are easily understood: The growing housing shortage in the UK portends good near- and mid-term value growth for all aspects of residential real estate, particularly in light of robust (7 per cent since 2001) population growth.

Of course, not all real estate is the same for investors. Within real estate are two distinctly different types of investments, built properties and raw land. Some investors choose built properties or to invest in the developer who is managing the construction and sale of homes and commercial structures. An option to that is raw land, ripe for plan rezoning from, say, agricultural to residential-designated land.

Both have their merits, of course. But land investment might hold the advantage for at least three reasons:

• Adaptability to market needs – Raw land can be converted (pending approval of Local Planning Authority approvals, of course) to the use that is most critical to the local economy. This flexibility allows the land investment fund to prepare parcels for what will be needed in a relatively short period of time. On already-built property, investors have only what is there unless circumstances allow for the extraordinary expense of demolition and rebuilding – which only rarely makes sense from an asset growth perspective.

• Less investment in development (and associated risks) – The boom-bust cycles of the past several decades remind us of how a billion Pounds can be squandered rather quickly when a large property comes online at the precise moment when no one wants it. See “Canary Wharf, Olympia & York” for a spectacular illustration of how badly property investments can fail.

• More liquidity (but still not volatile) – Perhaps the Achilles Heel of real land assets is the illiquidity of land, with or without property. But land investments that at most involve the light infrastructure required of residential neighbourhoods (roads, sewers and other utilities) are much more easily sold than property involving structures. While that pales in comparison to real estate investment trusts for liquidity, real property is not nearly as subject to market fluctuations as are REITs.

To be sure, both investors in property funds and land investments tend to achieve asset growth in well-managed situations. But from land to property development, the path is quicker. With a seasoned team of land investment professionals, a joint venture partnership can identify and manage properties for maximum value appreciation and resale between 18 months and five years after acquisition.

All investments carry risk and should be considered in relation to one’s full portfolio of financial instruments. Be sure to contact a personal financial consultant before embarking on any investment.

Planned Real Estate Development in PCMC – Healing Pune’s Urban Sprawl

What is it about Pimpri Chinchwad and its township properties that is so different from what is happening in the rest of the Pune property market? To understand this, one has to first understand what goes into the formation of a planned city.

The breath-taking residential areas that now dot the Pimpri Chinchwad Municipal Corporation map are not an accident – they are the result of carefully planned social, economic and real estate growth.

Unlike the central areas of Pune, the real estate market in PCMC has been scrupulously shielded from the central city’s ad hoc development style. The vigilance and futuristic thinking that went into this avant-garde satellite city have added a completely new dimension to the concept of residential properties in Pune.

From the very outset, the PCMC planning authorities were determined to avoid the mistakes committed in nearby Navi Mumbai, popularly known as the world’s largest planned township. After all, what began as regulated development in Navi Mumbai soon began giving way to commercialised expansion.

Instead, PCMC adopted a blueprint for smart growth – a blueprint that placed utmost importance to organized urban planning. No scope was given to a nearsighted focus on capitalization on this new area’s development potential – the onus was firmly kept on long-term considerations.

This was to be the city of the future – a place where residents could work, live and relax without any of the constraints that plague the rest of Pune. Slowly, almost imperceptibly, the landscape of this previously ignored satellite city changed. Proposals for faster development were turned down. The master plan stayed in place, and the results are now brilliantly evident.

Today, Pimpri Chinchwad Municipal Corporation is an acknowledged masterpiece of community-oriented real estate development. It has a unique blend of sustainable residential spaces, highly advanced transportation networks, a broad spectrum of employment opportunities, modern housing typologies such as township properties and superior supportive infrastructure. At every stage of planning, this city’s inherent natural, cultural, sociological and economic resources have been carefully preserved.

This incredible growth area is now the most logical option for residential property in Pune today. For home buyers, PCMC is the prefect alternative to Pune’s unregulated urban sprawl, rapidly compounding traffic congestion and disconnected neighbourhoods.

Considering the increasing evidence if rapid urban decay in central Pune, township properties such as those now coming up in Pimpri Chinchwad Municipal Corporation are the truly the New Residential Deal.

However, PCMC is not only about wider, greener spaces, cheaper property rates, improved social fabric and better infrastructure. The establishment of such new growth areas, with modern residential alternatives such as township properties, is a blessing to the Pune real estate market (which has been stagnating within increasingly larger pockets).

At first sight, they only seem to play a role in reducing the urban sprawl and offering home buyers a healthier and more comfortable lifestyle. However, they are also instrumental in creating new urban centres, wherein new business districts create job growth in new directions.

Thanks to the organized nature of their development, they create new and more rational scope for real estate market expansion while reducing pressure on property prices in the parent city.