Archives May 2020

Interior Design Case Study

Main focus: Clean lines to balance the young and enthusiastic vibe of an entrepreneurial couple with a comfortable and fun-to-be-at home.

The client subscribes to the belief that less is more when it comes to designing the interiors of a home. This is extended with the thought that simple home design leaches to ease of living.

This philosophy also reflects in many of our interior designing projects, and it’s what attracted a couple building a custom home in the South Delhi area of India. Our interior designer was brought in at the start of the process, and the team started working closely with their builder. So as to create a sophisticated yet comfortable house that capitalizes on its pastoral surroundings; the island kitchen and in line family room demonstrate the team’s success.

The Client

The house is located on a posh location in South Delhi surrounded with a beautiful park, so retaining the unrestricted view from the balconies was a must.

The client couple are a successful young entrepreneur, who bought this house in a contemporary block in the South Delhi area, with a desire for a home that expresses their life style: dynamic, informal and incorporating elements of their background not just in terms of their interests but also to match the comfort quotient.

LuXia was given the task of putting all these pieces together, choosing the finishes, the furniture layout, the lighting, free standing and bespoke furniture, and soft furnishings to create a home that is full of life and captures the client’s essence and character: a lively vibe in a relaxed environment where they can feel comfortable either on their own or when entertaining guests.

The Brief

In our first meeting to discuss the brief, the client gave us very precise information about what they wanted, not just in terms of visual reference but also about how they wanted to enjoy the space:

Feel: Homely and lively. They like soft colours and unconventional wallpaper.

Functionality: The social aspect is important as they plan to invite friends regularly for parties; storage space as they do not like clutter; Future planning is on scale, so a kid’s room area is very important; a very comfortable couch and a wall mounted unit for the TV. Modern look; table for terrace and lighting, wall mounted air conditioning; for their bedroom they want a big wardrobe; bathroom: additional storage space and change colour scheme; and an open-plan kitchen with ample lights.

Our Interior Designing

Almost all the elements of the house we were absolutely clear of when we started to develop its interior designing. The client was very particular about maintaining and reflecting their vibe in their newly build home. So, we worked and planned every corner of the house as per their expectation.

Our plan was simple; to give exactly what the client desires. For this, our interior designers started off with the kitchen and the sitting area. To define the kitchen and sitting area, we designed a white granite-topped, walnut display shelf. The kitchen boasts of traditional Shaker-style cabinetry and Carrara marble counters and backsplash.

The kitchen opens to a breakfast corner where a glass roundtable is artfully paired with bright red Windsor chairs to introduce a balanced splash of vibrant colour. We also designed a cabinet that beautifully displays the couple’s pottery collection along one wall.

Almost all of furniture is new to the house. Except for an existing Baker sofa which was reupholstered for the sitting area. We selected a complimentary metal coffee table and wood-framed chairs, to create simple, soft lines with a touch of modern.

The entire space of the house was colour coordinated to match the kitchen and living area and the wallpaper was selected based on the client’s preferences of colour and feel. The bedroom and the powder room were to contain calm vibes. So, we maintained the request by using light colours on the wall, and on the curtains. The powder room was designed with ample wardrobe cabinets and a floor-to-ceiling mirror.

As asked by the client, the terrace had modern seating arrangements with a rustic table and matching chairs. We also went ahead and decorated the terrace with valued plants for a fresher and drawn-out aesthetic look.

For the kids’ room, a neutral shade of white and yellow was used to keep the options open in the future. In the bathroom, the colour for the walls was a darker hue of than that of the floor tiles. Above the long side of the bath, a lighter tile was chosen, in the same design.  A wall mounted unit for storage was proposed, similar in colour to the vanity unit, and accessories were suggested.

The Highlights of our Interior Designing

  • We make most efforts to keep the things simple, without too much clutter, this allows the details to show. We used the same colour metal for hardware, light fixtures, and drapery rods—and they are more perceptible because space is not cluttered.
  • Our designers worked close to the client’s main concept.
  • We look for different ways to add interest. Here, the interior doors are painted a different colour from the trim and walls. Also, the pottery collection steals the limelight.
  • With tall ceilings, there are tricks to communicating more human balance to space. Hanging sconces and low pendants bring the eye down.
  • We used one flooring material throughout the house to keep things flowing. It opened up space.
  • Display shelves are a great way to introduce what is important to the client.

Each Project demands a personal approach, our aim is to capture the way the client wants to live their life and translate that in beautiful surroundings that inspire them and ultimately give them happiness.

Looking for interior designing of home? Contact us to get started.

contact@theluxia.com |   +91 9810505543

Make your Property an Enduring Asset with Expert Property Management

Dwindling stock markets amidst the recession is driving Real Estate to the center of investment portfolios. Yet, buying new property or owning many valuable properties might not be enough. Investors and property owners can take full advantage of the shift only with property managers that have foresight.

Often, the absentee owners misjudge the need for NRI property management. They make all the effort and overspend to manage their property but end up frustrated. Not only does their property lose value but, they also miss out on rental income without realizing it.

Professional property management can mean a sea change for your investment plans. Before we look at what is achievable by hiring a Property Management Company, let’s briefly understand what it is!

What is Property Management?

Imagine what would happen if your home lies in neglect while you are abroad. Its value would depreciate over time. Your property would be at the risk of being used or occupied illegally. It could be swallowed by property sharks. Finally, you would have to spend a lot of money for repairs and renovation when you take back charge.

In short, your property would become a liability of sorts. Property Management is meant to avoid all these and turn your home into a profitable investment! Moreover, it is intended to generate passive rental income besides ensuring gradual value appreciation.

By confiding your property in the safe hands of a property management company, you are ensured that it:

  • Remains the top choice for tenants.
  • Generates a steady income.
  • Retains its value in the rental and resale market.
  • Does not lag in style and comfort.
  • Is in tune with the latest interior designing
  • Undergoes maintenance regularly.

Over the years, property management companies have overtaken the role of traditional brokers in the rental market. In fact, they have added new dimensions to renting. There is little wonder that property management companies are judged by their rent management services.

Why is Rent Management so important?

Rent Management is tied intrinsically to the very logic of property management. It creates a win-win situation for both the property managers and the owners.

How?

Rent management is directed towards generating a regular flow of optimum rental income for the owners. A part of this income is invested in maintaining, repairing, renovating and interior designing so that the property remains in-demand. This also ensures that the property increases its value at a higher rate than it would have without being professionally managed. A fraction of the rental income forms the property manager’s fees.

Your rental income, the income of property manager, and the value-expansion of property are all dependent upon effective rent management.

What can owners expect from Rent Management Services?

Rent management is not just about money. It is more than that. It is obvious that income generation from property is the chief concern of an owner and property manager. However, the prerequisites for steady rental incomes are more than just setting the rent and finding a tenant.

The main challenge of rent management is minimizing the vacancy period and finding the RIGHT tenants. It is the right balance between occupancy and rent that matters. It ensures maximum annual rental income.

  • Minimizing the Vacancy Period – How?

Property management companies undertake the following tasks to maximize the occupancy period.

  1. They conduct elaborate neighbourhood surveys and rental market analyses to decide the best possible rent your property can fetch.
  2. They mark possible tenant types in the area. Depending upon that, they suggest renovation and interior designing tasks that would make the property attractive to prospective tenants.
  3. They advertise your home to the right people through multiple channels.
  • Who are the RIGHT tenants?

High occupancy is not enough in ensuring a good rental income. A lot depends upon the kind of tenants your property draws. Right tenants are those who:

  1. Have a clean police record.
  2. Have a regular source of income and can pay rent in time.
  3. Wish to use the property for positive and productive purposes.
  4. Are not reckless. Else the repair and maintenance costs would go up!
  5. Are not renting for a few months.
  6. Are most likely not to vacate mid-season.

The property maintenance company’s experience in handling and selecting tenants counts!

Property managers lay special focus on tenant experience. They organize walk-throughs, handle everyday issues that arise during their stay, prepare agreements and help them in moving their stuff. This goes a long way in ensuring smoother rental payments.

Is it a good idea to avail rent management services exclusive of other property management services?

Property management services include home maintenance, interior designing and budgeting besides rent management. You can opt for these services depending upon a number of factors:

  • How long are you going to stay away from their property?

If your stay outside the city where your property is located is about to conclude, you may only require rent management. It has to do with income, and no one wants to lose out on that! You might prefer to go for renovation, designing and repairs in your presence. Elaborate budgeting exercise would not be needed in such a scenario.

  • How old is the property?

There is no question of changing the interior designs of a new home.

  • How long do you wish to retain the property?

If you are planning to sell your home in the near future, interior designing has to be done accordingly. There is a difference between interior designing for renting, resale and personal use.

  • When was your home’s last renovation and makeover?

There are two types of property maintenance tasks. Routine maintenance tasks include payment of bills, taxes and housing society charges. They may include minor repairs. You have little choice regarding these.

Occasional maintenance tasks include major repairs and renovation, and checking that the property is not overstepping any laws and regulations. These may not have to be carried out every season.

Similarly, interior design should be carried out with tenant needs and net rental income in sight. There are a few thumb rules for that like spaciousness, neutral wall paints, dark floors and strong fittings. You may require renting focused interior designing services when you convert your home into rental property for the first time. Subsequently, interior designing services would be required only once in a few years. To match with the new trends!

If property is your long-term investment…

Owners of multiple properties and those that seek to retain valuable properties as long-term investments need all property management services. Or let’s say that’s the best option for them! They get maximum benefits as property is maintained and designed season after season with the aim of rental income.

When all management tasks are geared towards single purpose, the results are better. They get income forecasts in advance which helps in financial planning. Moreover, they save precious time, energy and money, while the property value continues to rise in their absence.

Interior Designing and Assured Rental – Case Study of our Canadian Client

Own a property in India which is sitting idle in the real-estate market? Our property managers can help you earn money out of it. Just like we helped our NRI client from Canada by rendering our interior designing and assured rental service.

Know more about it below.

About the Client

The NRI client lives in Canada and has a property in Noida – India. He purchased the property in 2010 for himself, but had to move to Canada in 2012 for work. Since then the property is lying vacant with local guardians keeping a casual eye every now and then.

Property: the client owns a 3BHK flat of 4500 Sq ft in one of the well ranked locations of Noida, which comes under the NCT area of Delhi, India.

Client’s Problems

The client’s property was looked after a local acquisition who could not dedicate his time to the client’s property sufficiently. For this reason the property’s value and quality was degrading with time. Also, the property asked for a facelift as per the modern times to make it look aesthetic and more functional.

The property bought by the client a decade ago was not giving any monetary benefit to him ever since. He even tried to rent out his flat through the local guardian but ended up making loss. As the tenants were kept without verifying, and they harmed the property big time. Also, the rent of the property was also quoted too low as per the market norms.

Being an NRI it was not feasible for the client to travel to India to manage his property frequently. Therefore, this time he was looking for professionals to take care of his property and give him some monetary benefits through the property.

Client’s Requirements

The client was looking for a NRI property management company preferably in Delhi NCR – India. He was looking for a professional to cater to his property related requirements.

He wanted a property management company to redo his property’s interiors and then put it out in the market for residential renting. The client also wanted to ensure that the tenants are rented after proper verification and for long term.

Along with this he also wanted to virtually monitor all the activities on the property and see the rent receipts and other important documents online.

How LuXia’s Noida team helped the client

Interior Designing and Assured Renting of the property without the need of the NRI owner to travel to India

The very first requirement of our client was met as he did not have to travel to India in this entire span of 2 years to manage his property. Everything was taken care of by our property managers in Noida.

Our property managers also shared an online portal with the client so that he can see the important information like rent receipt, bills, work progress etc. on the portal.

Here’s how we helped him with our services.

Interior Designing

As asked by our client LuXia’s in-house team of interior designers went to the property to study the designing requirements. We also conducted a video conference with the client to walk through the property with the owner. And to get an idea of his interior designing interests so that we can incorporate them in the property.

After sharing the idea with the owner our interior designing team started working on the property to mold it into an aesthetic and easy on functionality property. The interior designing work was finished well within the timeline. And was shown to the client again via video conferencing.

Assured renting with steady increase in rent for 2 years

After the interior designing of the property, LuXia started with the marketing of the property through various channels to find an appropriate tenant for the client’s property. After strict and careful screening of the applications, LuXia chose a suitable tenant for the residential property.

Our property manager for the NRI client ensured proper police verification before renting the house to the tenant. We also got the rent agreement and other necessary documentation in place to go as per the India federal guidelines. We also made sure that the client received appropriate rent as per the market norms. And also the rental income increased steadily over the two years.

LuXia’s value-added services that made our NRI client smile!

  • Guaranteed Assurance – all our rental management services come with an assurance of maximum Return of Investment and peace of mind.
  • Dedicated Property Manager – the client got personal attention by a single point of contact for all their property related concerns.
  • Law & Regulations Compliant Rental Property – we made sure that landlords property is compliant with the property laws and landlord tenant laws in India.

Get in touch

You too can save a lot of your time and money and get high Return on Investment (ROI) on your property. All you need to do is get in touch with our NRI property management company in Delhi NCR and we’ll handle all your property requirements.

contact@theluxia.com | +91 9810505543