November 22, 2016

Investing in property is a significant decision. You know you have sweat, earned and saved for buying a dream home. You would not want any of your hard earned money to be spent in any unknown expenses while investing in property. It’s quite natural that all the obvious costs are covered when you think of buying a house – affordable home prices, good housing loans, lower mortgage rates etc.

Chances are, you would have missed out on the other wallet pinches that may be involved in the process of investing in a property. On an average, while investing in real estate, people tend to reach the upper scale of their financial budget during the decision making process. Hidden costs are they are termed, are the surprise elements that often escalate the quoted price of a property. On an average it may be up to 25% add-on. You may, therefore, be taking a hit and shelling out more than you think!

If you have planned to buy ready to move apartments in Bangalore, prep up your finances before signing on the dotted line.

5 Things to keep track of while planning your expenses

  1. Stamp Duty and Registration Fee – If you plan to buy 3BHK completed apartments in Devanahalli, you must be aware of the costs you will be paying after paying for the property. A stamp duty is a mandatory fee that the buyer is pays to the State Government to register a property under his/ her name. These charges vary from state to state between 5% and 7% of the registered property value. A registration fee is the full and final agreement between the buyer and the seller for change of ownership. The court may charge 1-2% for this process.
  2. Maintenance Deposit – Builders of upcoming apartments in Devanahalli will additionally charge you an advance maintenance deposit that covers common amenities, parks and lightings. Depending on the facilities provided to you, this fee may vary.
  3. Brokerage Fee – This is not exactly a hidden charge but if you have a middle man taking care of your communication and the transaction between you and the buyer, you will be charged a fee by the broker. While the normal pay is usually 1-2%, it is wise to find out with the broker at the onset and settle before the buying process.
  4. Interiors – One often forgets that a newly bought has to be customised to one’s liveable conditions and needs. Interiors is one of the biggest and important cost that one tends to miss in to the overall financial expenditure.
  5. Service Tax and Value Added Tax (VAT) – Any property bought within India will attract VAT and Service Tax that are also paid to the government. The service tax is charged at 12.36% of the 25% value of the under-construction property. The VAT is calculated and charged on the construction value of the property.

Check for all expenses and get advice from consultants or property developers to understand before blindly agreeing …

Whether your are 18 years old and just starting out in college or are an older student furthering your education, congratulations on taking such an important step toward preparing for your future. Besides studying and exams, students have other worries as well. One of them being where to find an affordable dental insurance plan. Whether you are looking for individual coverage or a family plan, there are ways to find cheap but quality student dental insurance.

1) ISO. The ISO, or the International Student Organization, is a great option for international students looking for student dental coverage. For people who live in other countries, but are studying at universities or colleges in the United States, the ISO is a great place to turn to to find an affordable plan.

2) A school offered capitation plan. This is a dental plan offered by the school itself that covers basic dental needs. While plans differ from school to school, it is not unusual for these plans to require that you see a set list of dentists. Often, the school will allow you to roll the cost of the plan into your tuition and if you are receiving financial aid or are on scholarship, the fee can be taken care of so you don’t have to come out of pocket.

3) Dental insurance scheme. Another form of student dental insurance that is offered by the school itself is a dental insurance scheme. This plan is offered by a private insurance company but in agreement with the school. Because insurance companies can afford to give discounts for group coverage, the fact that many students participate makes securing this type of coverage cheap.

4) Discount dental plans. Sometimes, if you are not anticipating needing much dental work at all, these discounted dental plans can be a much more affordable way to go. Unlike insurance, you don’t pay premiums. You pay a nominal annual fee and get access to a list of dentists that will do basic work at greatly discounted prices. Another great thing about these programs is that they also offer great discounts on major dental procedures in case of emergency.…

INTRODUCTION

The word "Fear" has only four alphabets like love but both of them have very different e meaning. Whatever man (malor female) does for the love of their families always starts with the background of fear. Usually so many times we have been asking our selves that, what will happen if we were not there, but we keep on asking rather then doing something for it. Time is precious, it never stops for any one and we are living in the world of uncertainty; The absence of job, the uncertainty of money, the absence of property and like this the story goes continous for the whole life of a man.

A thriving insurance sector is of vital importance to every modern economy. Firstly because it encourages the habit of saving, secondly because it provides a safety net to rural and urban enterprises and productive individuals. And despite most importantly it generates long- term invisible funds for infrastructure building. The nature of the insurance business is such that the cash inflow of insurance companies is constant while the payout is deferred and contingency related.

This characteristic feature of their business makes insurance companies the largest investors in long-gestation infrastructure development projects in all developed and aspiring nations. This is the most compelling reason why private sector (and foreign) companies, which will spread the insurance habit in the societal and consumer interests are urgently required in this vital sector of the economy. Opening up of insurance to private sector including foreign participation has replied to various opportunities and challenges in India.

LIFE INSURANCE MARKET

The Life Insurance market in India is an underdeveloped market that was onlyapped by the state owned LIC till the entry of private insurers. The penetration of life insurance products was 19 percent of the total 400 million of the insurable population. The state owned LIC sold insurance as a tax instrument, not as a product giving protection. Most customers were under- insured with no flexibility or transparency in the products. With the entry of the private insurers the rules of the game have changed.

The 12 private insurers in the life insurance market have already grabbed nearly 9 percent of the market in terms of premium income. The new business premium of the 12 private players has tripled to Rs 1000 crore in 2002- 03 over last year. Meanwhile, with regard to state owned LIC's new premium business has fallen.

Innovative products, smart marketing and aggressive distribution. That's the triple whammy combination that has enabled fledgling private insurance companies to sign up Indian customers faster than anyone ever expected. Indians, who have always seen life insurance as a tax saving device, are now suddenly turning to the private sector and snapping up the new innovative products on offer.

The growing popularity of the private insurers is evidenced in other ways. They are coining money in new niches that they have introduced. The state owned companies still dominate segments like endowments and money back policies. But in …

If you are considering starting a commercial or residential painting business you will only need some basic low-cost tools to start with. You can buy other tools as more jobs come along and with your down payments. Here is a list of the most essential painting business tools needed to get you started.

1.) Quality Cage Frame – Also known as a paint roller. Wooster and Purdy both have strong, commercial-use cage frames sold at most professional paint stores.

2.) Extension Pole – Get yourself a good medium-size fiberglass extension pole for rolling out walls and ceilings.

3.) Wall-Sander – I always sand walls and ceilings before I roll them out. It cleans up cobwebs and anything else that needs to be knocked down to make the walls and ceilings smooth.

4.) Roller Bucket – I use Wooster’s roller bucket. It is tall, square and has a lid. It is made out of durable plastic and balances a lot better than a paint tray and washes out easy. It’s a must have.

5.) Cut-in Bucket – I like to put some paint in a small plastic bucket for cutting in. There are small 1-gallon buckets of drywall compound that when empty make a great cut-bucket plus they have a lid. They will last for years.

6.) Step Ladder – A regular wooden 5-foot step ladder works perfect for most homes. If I need a 6-foot ladder I have an aluminum one for that. Most of the time all I need is my 5-footer and I am only 5’6″ so there you go.

7.) 16′ Extension Ladder – Great for stairwells or ranch-style exterior jobs. I use my 16-foot extension ladder more than any other size. I also have 20′ and a 24′ extension ladders, but i couldn’t get by without my little 16-footer.8.) Drop Cloths – I like using the runner type the most. They are inexpensive, light to carry and can be moved around the room easily. I also have 9 x 12’s on hand.

9.) Fluorescent Light – Interior painting without a fluorescent light is nearly impossible, especially on a cloudy day. Fluorescent light is a nice white light that is great for painting and shows up the colors in their true form.

10.) Tool Bucket – An empty 5-gallon bucket makes a great tool bucket. I keep my pliers, a hammer, razor-blade knives, a caulk gun, etc., in my tool bucket.

11.) Small Fan – I bought a $30 blower type fan made by Stanley Tools from Walmart. It dries out walls and ceilings quickly so you can get back to work cutting in and moving around the room without it being wet.

12.) Drywall compound – I hate Spackle. It flashes under paint jobs. I use the Sheetrock brand of 90-minute quick-dry drywall compound found at Lowes or other hardware stores for around $11 a bag. It will last me all year long. It is the powder formula and is easy to mix up right on …