Kerala Real Estate ... 
  Should I rent or buy a property in Kerala?
India Travel and Hotel Guide

Kerala Real Estate Calculator

Finding a Home In Kerala
If you plan to rent or buy a property in Kerala, finding your property will be a major step in your relocation to Kerala. If you have not lived in Kerala, you should rent rather than buy your property in Kerala, at least for six months. If you would like to rent or buy a real-estate property in Kerala you may email us at webmaster@india-travel-guide.de with your real-estate questions.


It is the best way to know not only if Kerala is the place you want to live or retire for the next few years, but also if Kerala is suited for you.

Apartments & Houses in Kerala
If you are planning on living in Kerala, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count on real-estate agents in Kerala to point out the negatives of a place they’re trying to rent or sell you.

Kerala Agencies
Real-estate agencies in Kerala advertise in local Kerala newspapers and as well on their office windows.

You should be able to notice a real estate agency in Kerala by the window full of ads for the different apartments or houses they have available for rent or sell in Kerala.

Before you begin working with an agency in Kerala, check that their fees are acceptable and that they are a member of the Kerala Real-estate Assocation. In most rental agreements in Kerala most agencies charge a month’s rent for a twelve-month rental agreement.

When selling a property in Kerala, real-estate agents in Kerala usually charge between 2.5% and 3% of the final sales price.
Monthly rent Kerala:
Monthly Kerala rental insurance:
Expected annual inflation rate in Kerala:  %
Purchase price of property in Kerala:
Down payment amount:
Length of Kerala mortgage term (years):#
Kerala Mortgage's annual interest rate:  %
Discount points on purchase of home in Kerala:  %
Origination fees:  %
Other loan costs in Kerala:
Mortgage Insurance (PMI):  %
Kerala Homeowner's insurance rate:  %
Monthly association dues in Kerala:
Average monthly maintenance of Kerala property:
Kerala Annual property tax:
Kerala plus government income tax rate:  %
Interest rate you expect to earn on savings in Kerala:  %
Expected percentage your Kerala home will appreciate by each year:  %
Number of years you will stay in Kerala:#
Kerala Realtor commission rate:  %
Total estimated cost of renting a property in Kerala:
Total estimated cost of buying a property in Kerala:
After coming to an agreement on a rental or purchase, both parties in Kerala sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Kerala with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Kerala will be affixed to the agreement.

Renting
Real estate agencies in Kerala are the safest way if you want to rent or buy a property in Kerala. Please make sure they are a licensed agent in Kerala and very familiar with the Kerala property market.

Local newspapers in Kerala also advertise apartments and houses for rent, but word of mouth is the best way in Kerala. If you are currently an academic in Kerala, you could check local at local universities in Kerala, where apartments or rooms for rent are commonly posted.

In general rental rates in Kerala, increase by a small percentage each year in accordance with the government’s annual cost of living reports in Kerala. You can find yearly leases in Kerala, and more short-term housing is available near academic institutes or around tourism areas within Kerala.

Short-term tourist housing in Kerala is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Kerala.

If you want to buy a property in Kerala, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Kerala to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Kerala.

If you are buying a brand new property, you’ll need to pay property tax in Kerala. If your purchase is a luxury property, you may have to pay local taxes in Kerala and possible stamp duty.

Even as a non-resident homeowner in Kerala, you may become liable for all kind of taxes in Kerala, including income tax.

Kerala Mortgages
If you plan to take a mortgage in Kerala you need at least a 20% downpayment of the purchase price of the property in Kerala. Even if you generate rental-income from renting your Kerala property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Kerala Real Estate calculator will help you to compare the costs of renting a house or condo in Kerala to the costs of buying a house or condo in Kerala. Since there are all kinds of forces at work behind the scenes such as the current interest in Kerala, Kerala property taxes, tax savings, appreciation in general to investments in Kerala, comparing the cost of renting to the cost of buying in Kerala is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Kerala Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Kerala.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Kerala

  • Kerala Multi-Family
    Traditional, multi-family residential complexes located in Kerala and suburban markets of Kerala.


  • Kerala Mixed-Use
    Properties in Kerala that integrate and combine residential with different uses, including retail and office spaces.

  • Kerala Office
    Traditional office or office type properties in Kerala.


  • Kerala Retail
    Properties in Kerala with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Kerala.


  • Kerala Light Industrial
    Single- or multi-tenanted spaces in Kerala used for warehouse, manufacturing, distribution, or research and development in Kerala.

New Delhi Real Estate - Goa Real Estate - Bombay Real Estate - Agra Real Estate - Uttar Pradesh Real Estate - Jaipur Real Estate - Pune Real Estate - Kerala Real Estate - Madras Real Estate - Mumbai Real Estate - Port Blair Real Estate - Ahmedabad Real Estate - Chennai Real Estate - Bangalore Real Estate - Amritsar Real Estate - Lucknow Real Estate - Bhopal Real Estate - Udaipur Real Estate - Cochin Real Estate - Calcutta Real Estate

(C)opyright 2005 ~ 2006 - www.india-travel-guide.de, All Rights reserved. Please email me your feedback to webmaster@india-travel-guide.de