Property Guide

Discover the best properties with Ayola. Buy, sell, or rent homes, apartments, and commercial spaces in prime locations.

1. Guide to buy a house

Buying a house is once -in-a life time dream. You are going to invest your hard earned money. Therefore, you need in depth research and careful consideration with the help of Ayola. It should not go wrong giving you a bad experience. AyoLa always wants to make sure our clients make a right decision during their home purchase.

Plan your Budget:

It is very difficult to match your budget that you can afford to the house which fulfils your requirements i.e. your preferable location, size of the house, interiors etc. you may be buying a property for living yourself with your family and renting a spare space to others or mix use with residential and commercial use. If you are going to rent the part of the property consider potential rental income and your personal income, expenses and future plans when determining your budget. You should plan your budget well before you hunt for properties especially when you have to borrow loan. We also recommend to do research future resale value of your property that you are going to buy especially if this is your property investment.

Location:

As we all know that price of a property depends on where the property is situated. Location plays an important role in the property buying and selling price. Factors such as proximity to work, schools, shopping, hospitals, markets, workplace, transport neighborhood etc. should be considered. Your safety is the first and utmost important to bear in mind when you buy a property. You must assess the area’s susceptibility to natural disasters. If it is in low-level land more likely to be flooded during rainy season and similarly it is in high level land it is susceptible to landslides.

Consult AyoLa Real Estate:

Professional real estate AyoLa can help you navigate your dream home buying process. We can find properties that meet your needs and negotiate on the price. We provide you valuable information on local housing market and help you avoid common mistakes.

What are the common mistakes you could make while hunting the house?

Be realistic about what you can afford and tailor your search accordingly.
Jumping in too fast or waiting too long to make an offer.
Skipping loan pre approval.
Acting alone without expert’s advice.
Lacking vision.
Overlooking flaws
Ignoring the neighborhood
Offering too much
Neglecting to inspect
Getting desperate.

Property Inspection

It is important to carry an inspection on the property before you make an offer. Professional surveyor at AyoLa provides you a full report on its condition of property; age of the building including potential additional cost to repair and maintenance. It will help you to make an informed decision. It is also strongly recommendable to measure the site or land with the help of Amin to establish the actual size and boundaries of the site. You must make sure that there are no any discrepancies between the papers and in the field.

Legal Process:

We always accept the properties to bring into market from sellers only that consists full paperwork and documents. Properties that have incomplete documents and paperwork delays the transaction even sometimes a deal does not go through further. You should make purchase agreement terms clearly with legal experts. Verifying the ownership details, title deeds and survey reports is a simple and crucial steps for securing and hassle-free purchase process.

Documents you need to check with

• Proof of identity

• Title deed Lal Purja

• Map with clear char killa

• Tax clearance from local government

• No objection letter from local government

• Completion certificates from local government (Bhavan Nirman and Naksa pass)

• Fittings and contents form prepared by AyoLa

• Property Information form Prepared by AyoLa

2. Guide for selling your property

Are you planning to sell your property?

If your answer is ‘yes’ please come and join with us to well prepare for your successful sale. We will provide you a comprehensive guide for selling your property in right price as quick as possible.

1) Setting the right price:

Properties are in most of the cases not sold for long time in the market because of overpricing. It is one of the crucial steps pricing too high may distract potential buyers while pricing too low could loose out valuable amount of money. Our valuation team will help you to set the right price with comparative market analysis (CMA) in your local area. Working with AyoLa will help you avoid major mistakes during your property selling process.

2) Staging and Listing the Property

First impression matter when it comes to selling your property to attract potential buyer and to increase their further interests on your property. Consider doing necessary works i.e. painting the house internally and externally, cleaning thoroughly the house, some outdoor lighting, or flower plantation etc. which add up in price of selling strongly recommendable to complete before we bring your property into market. The front door must be clean and well maintained to create an inviting atmosphere. Arrange furniture in a way that maximize space and highlights the best feature of indoor. We will guide you choosing the right color to employe professional skilled people to do all necessary works.

3) Effective Marketing strategies

It is essential to implement effective marketing strategies which can be set up by AyoLa. We will begin with taking high quality of photographs as a showcase the best aspects of your property. AyoLa will list the property using its own online platforms, social media platforms and local community forums to reach wider potential buyers. We will consider viewing in person as well as virtual tour to allow potential buyers to explore the property remotely. We believe that more buyers we get interested in your property better chances of getting a good price for it.

By following above guideline you will be well equipped to navigate thorough each step of the process and achieve a successful sale of your property.

Good Luck!

Common mistakes owners make in selling their house:

1) Choosing a wrong buyer

When we get many offers from different buyers we should not only rely on the highest offer. Sometimes the buyer with highest offer may not be genuine and his/her financial arrangement need to be considered well before acceptance.

2) Lack of Research

It is crucial to gather information about different buyers who made an offer starting from their financial arrangement, their track records and their credentials. It is additionally recommendable to get some references or testimonials from other relevant parties.

3) Not comparing offers

Sellers often make mistakes accepting the first offer they receive without comparing with other options available in market. Take enough time to gather multiple offers and compare them on factors such as price, terms and conditions, closing timeline and any additional fees involved.

4) Overlooking transparency

Transparency is a key element we always need to consider when dealing with agent and buyer in home selling process. The real estate sector has been criticized for the lack of transparency about mislead to the sellers or buyers. We will not allow this kind of lack of transparency which ultimately can lead to fraud, sad and bad life experience.

5) Ignoring reviews

Customers reviews and references on agents or potential buyers can provide valuable insights in your house selling process. Ignoring such important aspects it may guide you wrong route of your choice in selling process. Consider as many reviews and get references from other people on choosing an agent and a buyer.

Cost for sellers:

o Estate Agent’s commission if you have employed one normally 3% of total selling price after completion of deal.

o Tax clearance in local ward before sale.

o NOC letter form local ward

o Fees for your legal matter

o Capital gain tax if appropriate

o Cost for moving out

Landlords

Landlord is a property owner who rents or lease the property to another party in exchange for rent payments. Landlord could be an individual or business company or corporate organization. A tenancy agreement or lease contract is a legal document that outlines the terms and conditions under which both parties Landlord and tenant agree each other. It guarantees the lessee or tenant the use of an asset and guarantees that the lessor landlord entitled to receive regular payments.

Can you be a Landlord?

If you have a property and spare space to rent the answer is Yes as many other house owners are landlords.

Do they understand their rights and responsibilities together with rules and regulations?

Most of the landlords do not understand their responsibilities and building rules and regulations. Because of lack of such knowledge relationship between the landlord and tenant do not always run long last.

Mistakes normally landlords make:

1) Not running background check

Landlords want to get a paying tenant in place soon but it is not worthy rushing ahead without checking the prospective tenant’s credentials first. AyoLa will provide a standard rental application form. All prospective tenants will complete the form that gives all detailed information about the tenants suitability to provide the accommodation or not. We additionally check the tenants employment history, reference from previous landlords, and his/her affordability to pay regular rent test etc.

2) Not keeping records

It is essential that landlord keeps all written documentations of any communication with the tenants. In the event of that if you ever need to take them to court or they need you to take to court such records plays vital role. Keep notes of telephone conversations, copies of emails, voicemails and text message.

3) Failing to meet housing codes

As a landlord, you are legally required to make the property meets local building codes and safety standards. If you do not take care of your duties and responsibilities to the end of legal bargain, your tenant may have strong ground to breach the agreement or even sue you for compensation for damage or injury caused by your ignorance. All vital services that are including plumbing, electricity, drainage are to kept up to date making sure they are safe to use.

4) Not budgeting for vacancies

Landlords need to plan for budget to pay mortgage or interest on loan if there is one even the property is empty. You might need to pay property taxes, maintenance costs in the event that you may not have tenants paying rent for many months.

5) Neglecting your tenants

The property you are renting out is your responsibility. You should check in with the tenants regularly and observe the conditions of the property. All landlords should make sure that they are not violating the tenancy rights. You should not get into the property without prior notice to the tenant.

6) Discrimination

Concerns are being raised in many occasions that landlords discriminate the tenants. It is legally wrong to deny a lease or rent the property to someone based on race, color, casts, sexual orientation, family status, disability and genders etc.

7) Bottom Line