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Location Vs. Size – What Is More Important To A Homeowner in Chennai

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Location Vs. Size - What Is More Important To A Homeowner in Chennai 1

Every city is a world of its own, with its own set of eccentric rules, social stigmas, and extremely diverse cuisine. Chennai is for sure one of the best places to live in the country, you have a beach there. What about the property rates though? If you are planning to settle down with a family, the property is definitely going to be a tough choice in Chennai. What is more crucial to look at, location or the size of the property? Let’s find out!

Location Vs. Size - What Is More Important To A Homeowner in Chennai 2

 

If you are settling down with a nuclear family

Homeowners who invest in property for a “home sweet home” do love their space but their prime motive is to look for a better location. This, in fact, is true because most of these homeowners have to travel to their workplaces, drop the kids off at schools; hence location is of grave importance to them. As having a home close to their regular travel spots makes their life easier.  

When there are more than 3 people to accommodate!

Okay so when it comes to accommodating more than 3 people, it is a fact that you need to give the size of the property top priority. You are looking at close to 3000 sq ft at the moment. Having adequate space is now not only a necessity but also a way to provide privacy for the adults in the house and if the kids are in their teenage years they would prefer more space, so choose wisely. 

What if I am single?

The equation here changes a bit because students and working men and women alike give location the single priority it deserves. For example in madipakkam rental house searches have been on a steep increment curve, why is that so? This place is around 6.6 km from the airport and has a great transport facility. 

 

These are some things that single people looking for houses to reside in look for in Chennai. This is why most homeowners who want to invest in properties and looking for a return are investing in apartments with a location that is easily accessible, and so both size and location are given equal weight here. 

Money- Could I have some more, please?

Budgeting is a great factor when it comes to owning properties. This is why people investing in real-estate in Chennai are focusing on locations because it simply means more money with faster returns. If budget is an issue, then you might have to settle for a property a bit in the outskirts, but weigh your real estate goals properly before jumping to the conclusion. 

If you are looking for space to provide rent, you would need to invest quite a bit even for a smaller house or apartment in the city. But remember, you can avail easy installments from banks, especially as they tend to give out low-interest loans for specific projects in comparison to their competition. 

Taxes- How much are you willing to pay?

Property taxes vary from region to region and also on the property that you currently possess and if any improvements are made on that. So, it is quite clear that it depends on both of these. Now if you are looking for a specific property, let’s say 2 floors with 3 bedrooms, 1 bath and 1 kitchen on each floor, your demand for these remains the same but where you have this property would reflect on your property taxes. 

You can’t change your need from 2 floors to 1 but you can find a location which charges less tax. The taxable amount varies from municipality to municipality. Do your research and find out which one costs less. 

Green patches, priority or not?

We think it’s fair to say that Tamil Nadu and most southern regions are still filled with soothing green patches of nature even with the increasing amount of concrete walls. It is only natural that you wish to have a bit of that in your property to let your eyes relax once in a while especially if you are planning to live in it. 

Here the size does become the deciding factor. It is evident that with a house you have access to a garden patch, maybe a tree or two, rooftop gardens, etc. If this is something that is definitely important to you at a personal level, just like the rest of native Chennai folks you need to focus on a house big enough to accommodate a garden. 

If budget seems to be an issue here or you don’t need a house for three people, go for bigger sized apartments with large balconies as there are tons of ways you can have a small green patch in there. 

Think long term

Do you already have a house? Are you just a real-estate investor? Are you not going to reside in the property just as yet? Great, then there’s no need to engage your neurons with location judgment. 

Most real estate investors in Chennai invest in large sized properties at locations that are not even close to the city but are mostly slowly urbanized sectors in the outskirts. The property prices here would be comparatively low and chances are you can sell it off after a few years for a 5 times higher price than the purchase. 

Are you going to sell it off? Rent it out? Live in it?

Your priorities will and must change depending on the purpose. If you are ultimately going to sell it off 5 or 10 years from now, don’t worry about the location. If you are going to live in the property, please do give the location a priority, you never know how long it’s going to be till the transport gets better in your locality, and for rental? You must give equal weight to both these factors along with the investment you are making.

Conclusion

Buying a home may be the toughest decision if it’s a single desire that you have for a “home sweet home” but an easy one if you are simply looking for an asset. Most homeowners overlook the investment and purpose issue and shift from their logical views when looking at properties, but now that you know how location and size matters we hope this journey would be an easier one.

Michael Ajah is a Computer Science Student of The University of Port Harcourt and a Chelsea Fan. He loves RnB and a little mix of Trap Music. An awesome tech reviewer and analyst. Email - [email protected]

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Tips & Steps For Conducting A Final Year Project Research Work

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Tips & Steps For Conducting A Final Year Project Research Work 3

Following the right steps and procedures for conducting a research can take a lot of stress out of writing and reporting your research. Research writing and reporting would not be difficult once you get to know the right steps and components. In addition to conducting a stress-free research, your supervisor will find your report engaging and worthy enough for a final year project

Here are some tools and steps to help you carry out an effective research.

Tips & Steps For Conducting A Final Year Project Research Work 4

 

1. Identify good research project topics

A good way to start work on your research topic is by checking all relevant periodicals and scientific abstracts at your library. You should start with what you already know.
Look for topics that interest you. Identifying a research topic can also be done from your coursework or laboratory practicals.

2. Define the research problem

Most student researchers find narrowing down their topic to a research problem an impossible task. Without a research problem, there will be no research questions.
Researchers should endeavour to narrow a broad topic so as to be able to develop research questions.

3. Determine how to conduct the research

In this phase of the research, the research flow is highlighted. In most project outline, this is the chapter three which is the research methodology. The statement of the research problem and the underlying assumptions will usually dictate the way or method of conducting the research.

4. Collect research data

This is the phase where the researcher would determine how data for the research will be collected. The researcher should be able to determine the following:

a. What the sources of data will be
b. Where to find the sources
c. Extracting questions from the information you found

a. What your sources will be

There are two major types of sources: primary and secondary sources. Primary sources are written when the event happened or gotten from someone with first-hand knowledge. Examples are newspapers, eyewitness and employees. Secondary sources are books, articles, magazines, and journals. Secondary sources are great to help provide context for your research. They help in providing background knowledge before you start writing a topic

b. Where to find sources

Source of information can be the case study of the research, libraries (school libraries or state libraries), online academic sources like Google Scholar, Wikipedia, Encyclopedia, project material websites e.t.c

c. Extract questions from what you found out

To extract questions from the information you found, think of new ways that the topic has not been thought of before. When you are looking at your sources, think of what they are not telling you, what they have not given you and what can be derived from the information.

5. Analyze and interpret the research data

This is the crux of the research project. The tools of the analysis depend on the type of data collected. Once numerical data (whether quantitative or qualitative) are involved, you should fall back to mathematical or statistical techniques. It is this mathematical or statistical analysis that will give utility to your research. From these inferences, conclusions can be drawn. Nowadays, there are computer software to handle the most complicated analysis.

6. Report your research

Here you report your research using your school’s project format. Most tertiary institution project format has the following structure:

Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of content

CHAPTER ONE
1.0 Introduction
1.1 General overview of study
1.2 Statement of problem
1.3 Objectives of the study
1.4 Scope of the study
1.5 Research question
1.6 Significance of the study
1.7 Limitation of study
1.8 Definition of terms

CHAPTER TWO
2.0 Literature review

CHAPTER THREE
3.0 Research methodology
3.1 Research design
3.2 Data collection sources
And their reliability
3.3 Research population
3.4 Sampling method
3.5 Method of data analysis
3.6 Simple percentage

CHAPTER FOUR
4.0 Data presentation and analysis
4.1 Data presentation
4.2 Data analysis

CHAPTER FIVE
5.0 Summary, conclusion and recommendation
5.1 Summary
5.2 Conclusion
5.3 Recommendation
Bibliography
Appendix
Questionnaires

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Reasons To Invest In Business Software Now

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Reasons To Invest In Business Software Now 5

The global economy is reducing faster this year by more than 7%. It will take quite a long time to bounce back to where it was before the outbreak of the pandemic. Many businesses have reduced spending to curb business losses and maximize profits. They have reduced hiring and deemed most of the new purchases as non-essential. Experts still hold on the account that opportunities still exist to optimize business. It will increase business efficiency to get more market share at a low cost. Some entrepreneurs hold on the opinion of offensive and defensive plays. It’s first to stabilize the business, checking how to outmaneuver the competition. Get advanced facts from the Best Essay Help concerning business software investment.

 

Reasons To Invest In Business Software Now 6

Software providers have revised their forecast on the current business environment. Due to existing competition, spend money on tools that scale-up teams. It will deliver better customer experiences and enjoy a clear return on investment. Software investing makes your business resilient and profitable in the following ways. 

  1. Increase Growth without hiring 

Before you hire to expand your business, take a keen look at the cost of the business. Rate your business on a scale to understand what each new hire will cost your company. Salaries, payroll taxes, recruiting, and training of recruits is expensive. Hiring should only be conducted when the teams are performing to their greatest capacities. Compare the means of operation to see which ones yield more. Go for the most appropriate one, whether it is a software or collaboration of workers and or workers with it. Take a keen look at the causes of delays, frustration, or brings office inefficiencies. These threats to the optimal output of business are common in almost all businesses. A company may need an addition of 3-5 new employees. Once you introduce software on the existing workforce, the need solved. This will save the company’s expenditure on the task force. It eliminates the need for employees to manual keeping and updating of files.

An example is the Anvyl company. It realized a three hundred percent increase in productivity. The existing team incorporated a supply chain visibility software. The collaboration software was able to reuse to increase man working hours. 

  1. Automate repetitive tasks. 

Repetitive tasks in an organization result in the boredom of the employees. Repeating doing the same things affects human psychology, thereby resulting in low output. Research reveals that the number of companies adopting Artificial Intelligence is rising fast. Artificial Intelligence and Machine Learning tools are now accessible and affordable for anyone. Any company or enterprise can afford them. They free your team and allow it to focus on more creative or strategic work. Increase your team morale and happiness through software like chat-bots and sales tools. Technology boosts happiness engagement and productivity of employees. They reduce inefficiency and maximize their productivity, thus improving team morale. 

  1. Improve visibility

Transparency is important in determining the future of the business through unforeseen challenges. It is vital to detect potential threats in your business and have a road map on how to mitigate them early. Adopting real-time visibility software across functional operations enables good decision making. Business leaders have to access cross-functional data in all departments. They make use of the real-time visibility tool. In the event of employee departure, the business won’t suffer the loss of vital information and data. The software is used in operation will have stored vital data. It will ease the decision to make the process. 

It is hard for complete avoidance of economic downturns by a company. Detecting channels and taking quick action can improve the business trajectory. Concentrate on maximizing business efficiency. Capture a larger market share and invest in the future of your company. Software is vital for every company. They are cheap, quick, and more accurate compared to human capital. In the current business world, for one to survive, creativity is vital. Create room for creativity by providing a humane working environment for your workers. Artificial Intelligence, Machine Learning, and Real-Time visibility tools are key for business success. Enjoy a bigger market share and quick decision-making process with technology. Apply the use of software now and rejoice as your business looms faster in the market share.

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