Residential and Commercial Property for Sale in India

India’s population is expected to be 1.3 billion in the year 2020. The demand for property for sale in India is surely going to increase. To supply the demand, developers started several projects in India. Recently affordable homes became popular because apartments are preferred by more people rather than bungalows. They are easy to maintain and affordable, before the need of big houses like villas and bungalows in India is preferred because families in India preferred to live in joint families. More and more families prefer to live separately on flats and smaller apartments in India the more reason for developers to create new projects. So this is the right time to purchase not only residential properties but also India commercial properties.

Affordable housing in India is the focus on development of real estate developers today. This is why most residential project while being developed all units is already sold even it is not yet completed or nearing completion. These new concept of home in India is becoming in demand because buyers consider them as international standard style of living at cheaper prices.

But some still prefer to buy traditional bungalows in India this is because investing on them could mean that value of the property will increase in time. This is why some developers are still coming up with projects of detached houses but are still trying to make them affordable. Developers are always putting in mind to jive with the international styles in designs and colors. This is a way how developers are attracting people to invest back in residential bungalows.

The commercial market in India has also increased a lot and investment on these kinds of properties is back on the rise. This is due to retail increase and it causes the big increase in value of the property. Commercial properties in India are on major upgrades in a huge way. Most businesses prefer to put shop in big malls rather than having traditional, individual and small shops. This only shows that India’s real estate industry is fast growing and this is the best time for investors to consider India as a prospect country to invest on.

Commercial Property for Sale in Mexico

If ever there was a great place to run a B&B, it is in a charming colonial town in Guanajuato, Central Mexico. Villas are perhaps preferred at the beach, but the home quality of a bed and breakfast has real appeal for the weekend or short term traveller. In particular, Mineral de Pozos high in the Sierra Madres, a new Pueblo Magico in Mexico, fascinates the senses with historic gold and silver mines, grand ruins from hundreds of years ago, a 400 year old church, desert and mountain landscapes set against the big, blue skies, the sunshine, the cactus. The fresh air full of humming birds, bees and butterflies induce tranquility and a shift from city life. A home away from home is Pozos.

With the economic downturn a B&B is a great way to add an income stream and still enjoy the quiet Mexican life with loads of sunshine and the cultural experience. Here in Pozos, ruins of old colonial homes represent prime houses for sale in Mexico and perfect for an enchanting bed and breakfast. Express yourself through interior spaces and architectural elements. Mexico is known for its’ iron work, furniture making, glass making, tile work, stone work… and more. Creativity abounds. An artist exists in everyone.

Additionally, many options exist for keeping the guests busy in Pozos. Canyon rides on horseback, if you so inclined to construct stables and the business of horses; mountain bike riding from your doorstep. A vacation lifestyle, as I like to call it, can include anything a heart desires. Sharing your visions with people who are passing by, is where the magic lies. Buying commercial property for sale in Mexico can expand your passion and your income stream. Entrepreneurial adventures take some thought, some work and money, but most importantly, they take heart and commitment.It’s a great combination for a great life and success.

If existing property is not for you, take land for sale in Mexico and build with the vernacular stone and adobe. The romance and history will be sure to come through. The indigenous giant magueys and swaying pepper trees. All of the terrain is captivating. The authentic Wild West, the experience of the last frontier. The cobblestone streets, the cowboys on horseback, the vistas at sunset on horseback. Enchanting to the core. In the hustle of industrialized life, the simplicity stands out to all and the natural ways of Pozos escape no ones imagination.

Due Diligence Checklist for Commercial Property for Sale

Before buying a piece of commercial property for sale, it is important to thoroughly investigate the premises for problems before finalizing the purchase. This type of inspection is known as due diligence and typically involves the use of an inspection checklist. Some of the most important factors to consider when purchasing commercial real estate include environmental safety hazards, the physical condition of the premises, location, code compliance, and title issues.

Environmental Safety Hazards

Order an environmental assessment of the commercial property you are interested in. The environmental assessment will provide details of the environmental condition around the premises and the history of the environmental factors, including the presence of hazardous materials such as lead paint, asbestos, and radon. In addition, hire a property inspection firm to check the premises for the presence of mold. The inspection should assess water and earth samples. If traces of lead or asbestos are found, hire a consultant to determine the cost and practicality of removing the hazardous materials. Consider the cost of repairing the real estate before deciding to close the sale.

Location

The environmental assessment should help you find out if parts of the real estate are located in a shoreline, wetland, fault line, flood zone, or a home for endangered species. Hire a consultant to help you determine water, oil, gas, mineral, and timber rights for the real estate. Find out if the commercial property for sale has any FAA building restrictions such as height restrictions or noise restrictions. In addition, find out if you will be required to obtain environmental operating permits for the building. As a buyer, consider obtaining copies of all existing permits and contact relevant agencies to determine if there are any past violations and issues to ensure you will not experience any problems transferring the permits in the future.

Physical Condition

Hire a licensed engineer or building inspector to check the interior and exterior structural integrity of the building. The inspector should also check if the building is handicap accessible and has proper drainage features. Obtain copies of all ongoing construction and design contracts to find out if building contractors received their full payments and if you will be required to obtain lien waivers.

Other important factors to research include available parking around the building, proximity to public transportation, and the amount of electricity received by the building. Find out if the building is accessible from public streets. If not, contact the relevant departments to find out if improvements to the access road can be made and how much they would cost.

Before closing on a commercial property for sale, find out if the building complies with relevant safety, building, and zoning codes by contacting appropriate regulatory organizations. Local building and planning departments should provide the information you need regarding building code compliance or violations. Because building codes change with time, find out if the property violates new codes and whether planned changes or improvements will violate codes.