Archives: February 24, 2011

ApnaComplex
February 24, 2011

Penalties In A Housing Society – Effectively Creating A Revenue Stream

The managing committee in every housing society is responsible for maintaining and managing the infrastructure. There is a steady stream of revenue that the management committee gets every month, as and when all residents in the apartment complex pay their maintenance dues.
There are other ways through which a managing committee can earn some steady revenue, so that it can build new structures and improve the existing infrastructure without cutting a hole through the pockets of all residents.

Use penalties as alternate revenue channel

Penalties Can Help In Establishing Order


Interestingly, an apartment association can mimic a government’s functioning and use penalties as a form of revenue, to ensure that its internal processes are carried out in an unaffected manner.

Why Use Penalties As A Source Of Revenue?

Using penalties as a source of revenue can aid an association in two ways.

  • Creating Order: It will help in tightening up the existing system and making the residents more responsible and punctual when it comes to paying their dues. A system where no action is taken on defaulters will only invite more lethargy and bring in complacence. A managing committee can create a set process in this way, bringing in more control and transparency to its administration.
  • Tapping Into A Revenue Source: It will act as a source of money, and in this way new structures that are essential for every housing society like Rain Water Harvesting structures (including pits, dug wells, hand pumps, trenches, and recharge wells) can be constructed straight from the apartment association’s funds without collecting money from the residents. As long as this system is made transparent, there will be no issues whatsoever. Members of the managing committee should maintain records for all penalties collected and how and where the money has been put to use.

Wondering how to easily keep track of the penalties and payments against them?
More often that not, the reason for not imposing penalties in a housing society is the administration hassle associated with imposing them and ensuring a collection of the same. Its a nightmare to keep track of these without help of proper tools.

ApnaComplex’s powerful accounting features come in handy here. Treasurers can easily post the penalty charges to a member’s account and the member clearly would be aware of the penalty charge s/he has to pay. Treasurers can easily track the payment against the penalty. Most importantly, this brings about a transparent way of dealing with situations leading to penalty. What’s more – ApnaComplex being a complete accounting solution – the penalties collected can be categorized under any number of different heads of your choice – such late payment penalties, or common area penalties etc. and all of them would get reflected in your balance sheet and income/expense statement that every member can clearly understand. Absolutely, more transparency.
Yet another instance where using ApnaComplex not only saves effort, but also improves orderliness and even generates revenue for your society. Sign up your society today and get the benefits.

Where Can Penalties Be Charged?

Every housing society has its own set of bye laws, and these bye laws will provide information about the many penalties that can be levied on defaulters. The members of the managing committee can charge some penalties for the following acts:

  • Violation of Bye-Laws – Most association bye-laws has rules on how balconies must be kept clutter free not spoiling the facade of the apartment complex, how to manage garbage, how to maintain sound levels etc. Still, there could be Residents/Owners who violate terms by having messy balconies, cause inconvenience to neighbors with loud music or wood work during nights etc. and association can consider imposing penalty charges for the same.
  • Damage To Common Areas – The managing committee in a housing society can fine people for damaging important structures in the apartment’s common areas. A person who causes any form of damage to elevators, benches, roads, staircases, or swimming pools in the housing society can be fined. Penalties can also be charged for damages caused to gym equipments or library assets.
  • Raising Pets – Though, not exactly a penalty, this is one major source of revenue that an association can tap into. Not all housing societies have bye laws that allow people to raise pets; so members of the managing committee can charge people who have pets in their household (if pets aren’t allowed). A pet deposit can be taken or pet rent can also be levied every month to create a steady source of revenue.
  • Late Payment Of Dues – This is the most obvious and frequently used – Residents in the housing society who don’t pay their maintenance charges within the stipulated time can be penalized, and for this, a deadline should first be set and made public. This will help in making the collection process more effective.

But remember, before imposing any penalties, all the associated rules and the penalty amounts must be proposed, discussed, and voted in an AGM. Association cannot impose penalties with out first getting them approved in an AGM and recording those minutes.

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ApnaComplex
February 21, 2011

ApnaComplex – The “Complete” Web-based Apartment Accounting Software Solution

ApnaComplex is a complete Apartment Accounting Software. Period.

When we talk about Accounting for Apartment Associations or Housing Societies, its not just about ability to create maintenance charges, automate few manual steps such as penalty generation and defaulters notifications, issue receipts or even about entering bills and expenses – there’s more to become a “complete” end-to-end solution for Accounting.

If you are a treasurer, ask these questions yourself when considering an accounting software for your society:

– Should I still download data in excel or some other form to share it with my auditor when I use this software to track my maintenance charges and expenses?

– Should I/auditor upload/re-enter data into another accounting software (such as Tally) to be able to generate Balance Sheets and Profit/Loss Statements?

If the answer to either of the above questions is “Yes”, you deserve better software as you are just duplicating efforts (and money) and not using better options that are available at lesser cost.

ApnaComplex - The right choice for Apartment Accounting

ApnaComplex - The right choice for Apartment Accounting

If the answer is “No”, ask few more questions – this time from an auditor perspective

– Can the auditor define as many ledger accounts as deemed necessary under Assets, Liabilities, Revenues and Expenses (also referred as ability to define Chart of Accounts)?

– Can the auditor change the transactions already posted? For example, can a Purchase that was captured under Expenses be moved to Assets with out re-entering all data?

– Can the Auditor View Trial Balance of all ledgers and individual Statements of all Ledger Accounts?

– Can the Auditor print the entire set of ledgers along with detailed transaction statements?

– Can the Auditor Generate unadjusted Balance Sheets, do Adjustments and then generate a final balance sheet and print it?

There can be many more such questions to be asked – but you get the idea. If the answers to any of these questions is “No”, drop that software as these are critical aspects to be able to provide a “complete” accounting.

Needless to say, with ApnaComplex you can do all the above and much more. You can create an account for your auditor, give access to the auditor only to the necessary financial data (speaks volumes about our Role Based Access Capability and the seriousness we take data protection aspects, doesn’t it?) and entire accounting can be done including generation and printing of all financial statements right from ApnaComplex. Auditor can create ledger accounts or accounting heads, re-group transactions, do adjustments, update opening balances, view trial balances, print individual ledger account statements and lastly generate Balance Sheet and Income/Expenditure Statements.

Oh, by the way, we also support exporting of data just in case you still want to use other accounting software for your needs. More options in your hands.

Now, get rid of the need to exporting and importing all the data, and most importantly – switch to ApnaComplex, Save Money and have Peace of Mind.

ApnaComplex is a web based housing society accounting, management and communication software. It is designed to make the life of residents and owners a lot better by bringing in more transparency and accountability in managing a housing society. Check out the features of ApnaComplex and sign up your society today to get the benefits!
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ApnaComplex
February 18, 2011

Apartment Maintenance Tips To Wipe Out The Termite Problem

When it comes to apartment maintenance or housing society maintenance, termite control is sure to figure prominently in the list. These pests may outwardly seem small and insignificant, but their effects can be potentially devastating, as they ruin furniture, wooden products and even the very foundations of buildings.

Termite control can be divided into two categories in all:

  • Termite control during a building’s construction
  • Termite control after a building’s construction

To ensure that residents don’t face any problems with termites, all buildings are properly treated with anti termite treatment during their construction. The buildings that haven’t been treated beforehand can opt for control measures that can protect their house from termites in the latter form given above.

Professional Help Is Always Better

Professional Help Is Always Better

Termite Control Steps That Work

Chemical Treatment (Before Construction) – This treatment is widely followed during construction to eliminate termite infestation. In this method, a layer of anti termite chemicals is created between the foundation of the building and the ground to prevent any termite attacks. This will prevent termites from working their way up the foundation. This can be done by professionals from any pest control company.

Chemical Treatment (After Construction) – You can ask your apartment maintenance crew if any termite control measures were implemented during the construction of your apartment building. In case you find that no such apartment maintenance measures were taken, you can fortify your house by opting for chemical treatments that are done after a building’s construction.

  • Contact your housing society’s managing committee and get their approval to use anti termite treatment (there are many chemicals involved, so their permission is essential)
  • You can take a step if it’s your own house, and you can urge your landlord to do the same if you’re a tenant
  • Contact a pest control company as chemical treatment is something that’s best left to the pros

In this type of treatment, holes will be drilled in the wall-floor junction and these holes will be pumped with anti termite chemicals. These chemicals will spread through the expanse of the wall and turn it into a resistive layer.

Boric Acid Treatment – Boric acid is very effective in apartment maintenance. All you need to do is dissolve some of this acid in water and paint all furniture items and wooden items with the same. This can be used as a preventive and control measure.

Looking for a Pest Control Agency for your housing society?
Check out Marketplace from ApnaComplex and request for quotations from multiple pest control agencies at the click of a button.

Termite Baits – This is a very effective way of destroying an entire colony of termites. A piece of damp wood can be used as bait and pumped up with termiticides. Termites will naturally be attracted to such baits and they’ll spread the chemicals throughout their colony once they’re contaminated with the same.

Termiticides – Termiticides can be used in both liquid and solid forms to wipe out termites from specific spots. When you opt for termiticides, go for repellant termiticides. These are effective against termites but don’t cause any harm to mammals. Since these are harsh chemicals, you should get prior permission from committee members of the apartment association. You can get help from the apartment maintenance team while handling these chemicals too.

ApnaComplex is a web based housing society accounting, management and communication software. It is designed to make the life of residents and owners a lot better by bringing in more transparency and accountability in manging a housing society. Check out the features of ApnaComplex and sign up your society today to get the benefits!

This article aims at collating and providing information for benefit of ApnaComplex customers and blog readers. While ApnaComplex has taken every care to ensure the information is accurate, we suggest to please use it only as a guidance for further discussion and action with help of relevant professionals.
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ApnaComplex
February 17, 2011

Vehicular Management In A Housing Society – What You Can Do About It

People normally envision a housing society as a peaceful and serene complex, sans the maddening traffic that the outside roads are filled with. This is true to an extent, but sometimes housing societies and gated communities also fall prey to excessive vehicular traffic due to many reasons.

Reasons For Heavy Traffic

Managing the traffic during such instances becomes very important, and proper steps should be taken before things get out of hand. There are certain instances when vehicular traffic in a housing society can hit an all-time high and these are:

  • During the peak morning hours when residents start for work
  • During the evening hours when they return home
  • During any events and festivals like New Year’s Eve
  • During instances when outside traffic gets diverted within a housing society

Traffic during the peak morning and evening hours is understandable, but traffic during the other instances can be brought under control.

Traffic Signs Are Useful

Traffic Signs Are Useful

Steps To Manage Traffic In A Housing Society

There are certain steps that members of the managing committee can be taken in order to manage the vehicular traffic within a housing society. Some of these are:

Following A One Way System

All roads in a housing society can be made one-way so that there is no congestion within the complex. One gate in the housing society can be used as an entry point and another gate can be used as an exit point to make things easier.

Blocking Outside Vehicles Through Security Guards

Turning all roads into one-way lanes will also help in keeping a tab on the vehicles that enter the complex and exit the same. Sometimes outside vehicles may enter the complex looking for short cuts, and these can be stopped effectively. A security guard can be posted near the gate for this purpose to take note of the vehicles that are entering the housing society. All vehicles owned by housing society members can be provided with ID stickers and numbers, so that it’s easy to filter out the residents’ vehicles and outer vehicles.

Providing Prior Information About Parties

Residents can provide prior information about any parties that they’re hosting and the expected number of vehicles, so that the security guard near the gate has a good idea on who to let in.

Installing Speed Bumps

Things can turn worse when vehicles start speeding on the housing society’s lanes. This can be stopped by fixing up speed breakers and speed bumps at ideal spots so that vehicles can’t accelerate beyond a point. Speed limits can also be set up within the complex, similar to the speed limits within the city.

Installing Road Signs

There are many places in a housing society where vehicles should move in a slow manner. Places like playgrounds and tot lots are strongholds where children play, and adequate road signs should be installed in such places. This can help in minimizing the number of accidents and also in managing the traffic well.  Signs can also be provided for direction, so that the traffic flow within the complex is smooth even during peak hours.

ApnaComplex is a web based housing society accounting and management software. It is designed to make the life of residents and owners a lot better by brining in more transaparency and accountability in manging a housing society. Along with host of features, ApnaComplex also offers a comprehensive Vehicle and Parking Lot Management that can deployed by the societies. Sign up your society today and get the benefits!

This article aims at collating and providing information for benefit of ApnaComplex customers and blog readers. While ApnaComplex has taken every care to ensure the information is accurate, we suggest to please use it only as a guidance for further discussion and action with help of relevant professionals.
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ApnaComplex
February 14, 2011

Rainwater Harvesting Knowhow – Structures That Your Housing Society Can Support

Rain Water Harvesting (or RWH) is the latest mantra that’s catching on in every cooperative housing society. Water is scarce, and saving rain water is one of the best ways in which this scarcity can be met and fulfilled. Rain water can be directly collected and stored through tanks during the monsoon season under rain water harvesting, or this method can also be used to replenish the ground water supply.

 RWH Is Important In Every Apartment Complex

The Necessity

Rains during the monsoon are irregular, especially in India. Some monsoon months bring torrential rain, whereas others bring very sparse showers. Conserving water and saving water for daily use becomes essential for this reason, so immediate steps should be taken to capture and store large quantities of rain water.

This can be easily done with the help of a few structures that every cooperative housing society should have. Rain water harvesting is becoming commonplace, so a cooperative housing society with a good RWH system can ward off problem of water scarcity better.

Structures That A Cooperative Housing Society Should Have

There are two ways to store rainwater:

  • Rain water can be collected in tanks and used whenever required
  • Rain water can be collected and redirected to replenish that groundwater supply

The latter option is a better idea, as it will serve the community as a whole. Structures that can be constructed in a cooperative housing society for this purpose are:

Dug Wells

Dug wells or water wells can be used to recharge the groundwater supply. These wells are open structures, though, and proper care should be taken to filter the rain water before it is diverted underground.

Pits

Pits can be used to recharge underground layers of water, and these recharge pits are generally filled with stones. This will help filter the water, and it will also serve as a safety measure. Pits are safer than dug wells, which are open structures and can be dangerous when kids are around.

Recharge Wells

These are forms of wells that are used to pump water into aquifers that are underground. This is another way of recharging the groundwater supply. It should be noted that these wells are also known as injection wells.

Trenches

Trenches can be created all around the cooperative housing society in order to save water. Rather than leaving a trench open, filter materials can be used to ensure that the water which reaches the underground aquifers is clean. Trenches are not as dangerous as dug wells, as these are just a meter deep.

Shafts

Lateral shafts can be constructed along with a couple of bore wells in order to recharge the groundwater body. These shafts are not dangerous as they’ll be filled with pebbles, gravel and sand for filtration purposes.

These structures can be constructed in a housing society, once a consensus is reached on Rain Water Harvesting and its importance. The housing society can potentially enjoy uninterrupted water supply even during the driest summer months in this way.

ApnaComplex is a web based housing society accounting and management software. It is designed to make the life of residents and owners a lot better by brining in more transaparency and accountability in manging a housing society. Sign up your society today and get the benefits!

This article aims at collating and providing information for benefit of ApnaComplex customers and blog readers. While ApnaComplex has taken every care to ensure the information is accurate, we suggest to please use it only as a guidance for further discussion and action with help of relevant professionals.
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ApnaComplex
February 9, 2011

Money Management In A Housing Society – Collecting And Handling Money For Events

There are many things that you can learn during your time in a housing society, and money management is one of these. You’ll face situations where you may have to organize and manage money for any events in the housing society or other important functions.

Money Management in a Housing Society

Money Management in a Housing Society

Tips For Effective Money Management when Organizing Events

  • Inform The Association – When you plan on taking up some responsibility in a housing society, you should always inform the association first. This way everyone will have a clear cut idea on what you’re up to, and they’ll also be able to help you out in certain areas.
  • Form A Team – There’s nothing that you can achieve individually, because managing large amounts of money alone can be very hard. Form a good team of enthusiastic people preferably with who are experienced at managing money. Your team can have at least three to five members to make things easier.
  • Divide All Responsibilities – This is the best way to avoid chaos and confusion. If you’re collecting money for an event, assign the task of collecting all money to two or three persons. Use one member in the team as a treasurer, so that he/she can safely store the money. You can get the rest of the members to maintain logs and records of where the money has come in from, and how much is the overall value. People should be entirely responsible for their tasks, as this will bring in some professionalism.
  • Inform People In Advance – Nobody likes being rudely interrupted during their day, so inform all residents in advance that you’ll be collecting money from them for the said event. You can post on your online noticeboard and get a couple of notices printed out about the event and pin these up at the notice board. You can even use your apartment management software to broadcast a message to all residents, so that they know what’s going on. Decide beforehand on whether you’re looking to collect checks or cash and follow a standard format. You can even provide acknowledgement receipts for all received amounts.
  • Use A Bank Account/Save It Personally – You can save the collected amount in two ways – you can either use a bank account to save the money in, or you can physically have it with you or entrust the money to another team member. You’ll need to ensure that the money doesn’t fall to any form of unnecessary use and keep a firm grip over the proceedings once the money is in.
  • Track Down Expenditure – List out everything you’ll need for the event and create an estimate on how much you’ll be spending. You can try a few cost cutting measures if you find that you’re low on funds.
  • Bring In Transparency – The entire process should be made transparent, as money matters are always controversial. Coordinate with key members in the managing society and keep them in the loop on what you’re doing. Show them your estimates and the collected amount, and they’ll be able to help you manage the money in a better manner. 
ApnaComplex is a web based housing society accounting and management software. It is designed to make the life of residents and owners a lot better by brining in more transaparency and accountability in manging a housing society. Sign up your society today and get the benefits!

This article aims at collating and providing information for benefit of ApnaComplex customers and blog readers. While ApnaComplex has taken every care to ensure the information is accurate, we suggest to please use it only as a guidance for further discussion and action with help of relevant professionals.
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ApnaComplex
February 7, 2011

The Importance Of Electrical Safety In A Housing Society

Most people hardly understand the importance of proper electrical safety in a cooperative housing society. The tingling sensation that a minor shock produces in your skin may seem trivial, but more severe shocks can cause burns all over your body or even cardiac arrest.

You should know that almost all electrical accidents occur due to faulty wiring, or due to damaged electrical appliances. To keep your family safe and to prevent any mishaps from occurring, you can adopt a set of safety measures that can also be followed by all members in a cooperative housing society.

Replace Old Sockets With New Ones

Replace Old Sockets With New Ones

Safety Measures To Avoid Electric Shocks

  • Handling The Main Source: Always disconnect the main power source when you’re not using an electrical appliance. When you try and set right a faulty appliance, always disconnect the power cord before taking things forward.
  • Proper Placement Of Cords: Sometimes people place the extension cords under the carpet. This is a very dangerous practice as it can cause short circuits and this should be avoided at all costs.
  • Ensuring Proper Insulation: Always run the electrical cords in all appliances through a double check. Many accidents are caused due to electrical cords that are frayed and are not properly insulated. There should be at least a layer or two of insulation between your hand and the live wire.
  • Smoke Alert: Always be on the alert and check if there’s smoke coming from any appliance. This may be accompanied by a burning smell, and this means that some appliance is faulty. This can be prevented by unplugging all appliances when they aren’t in use.
  • Using Few Extension Cords: When it comes to extension cords, use a minimal number and ensure that you don’t overload them with countless wires. Fix up an ample number of electrical outlets in every room to avoid issues of overload.
  • Removing Bare Wires: Check if all the wires that run along the walls are properly insulated. Sometimes during the monsoon season, a few apartments in a cooperative housing society may face the problem of having wet walls. This scenario can get dangerous if the wires that run along the walls are bare, as electricity will easily be conducted upon contact.
  • Using A Tester: Always have a tester around the house as this can come in really handy. Whenever you turn a circuit off for maintenance purposes, use a tester to ensure that there is no current flow.
  • Having The Proper Equipment: You may know your way around electrical circuits, but you need to have the right equipment to safely work with faulty appliances and electrical lines. Always have a pair of rubber gloves that are well insulated in your kit.  You can also learn how to operate circuit breakers and fuse boxes.

Every family in a cooperative housing society should follow these measures, as electrical safety is not an option, it’s a necessity. The managing committee in a cooperative housing society should take note of the above steps and ensure that they are implemented.

ApnaComplex is a web based apartment management software. It is designed to make the life of residents and owners a lot better by brining in more transaparency and accountability in manging the complex. Sign up your complex today and get the benefits!

This article aims at collating and providing information for benefit of ApnaComplex customers and blog readers. While ApnaComplex has taken every care to ensure the information is accurate, we suggest to please use it only as a guidance for further discussion and action with help of relevant professionals.
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ApnaComplex
February 5, 2011

All You Need To Know About Tot Lots (Kids Play Areas) Maintenance In A Housing Society

Tot lots are common areas in every housing society, a place where children get together regularly to play and spend their time in the evening. With its swings, see saws and slides, a tot lot is a vibrant place that’s almost always packed with people – and for this exact reason, every tot lot should be well maintained.
Children are prone to all forms of infections and most children contract infections from play areas as these are public spaces that aren’t very sanitary. When it comes to tot lots, there are certain steps that every housing society should take for their proper maintenance.

Tot Lots Need Regular Maintenance

Tot Lots Need Regular Maintenance

 

Maintenance Tips For Tot Lots

The maintenance team in any housing society will be in-charge of keeping the tot lot in perfect condition. They can follow the below steps when it comes to tot lots:

  • The equipments in tot lots should be regularly checked to ensure that they are properly installed. Swings and other play items that are not properly installed can cause harm, so these should be checked in a regular manner.
  • Missing hooks and worn out bolts should be immediately fixed and any hooks or pins that jut out from tot lot equipments should also be set right. If a particular structure is not safe to use or is under construction, notices and labels should be put up and children shouldn’t be allowed near these structures. 
  • Tot lots that have plastic structures are much safer than the ones that have metal structures. Metal structures are prone to rust, so all metal structures must be regularly oiled and maintained well by the maintenance staff in order to avoid this.
  • Pest control measures need to be taken in common areas like tot lots, and stagnant water bodies and plants that attract mosquitoes and insects should be removed. Using insecticides in tot lots is not a good idea, as some chemicals are very harmful and can affect kids.
  • The many play structures in a tot lot and other equipments like benches and chairs should be power washed regularly. A good pressure wash will ensure that the dirt in such structures is properly eliminated. Once these structures are clean, disinfectants can be used to seal them against infections and microbes. This should be done regularly (at least once a week).
  • The sand present in tot lots and in sandboxes should be raked regularly. Foreign objects like glass items and pieces, broken toys, rocks, debris and feces should be filtered out. Due to their open nature, tot lots are prone to bird and animal feces, so the sand in these lots and any debris in the play structures need to be regularly cleaned.
  • A portion of the maintenance charges should be spent on regularly maintaining such tot lots.

To practice safety in such tot lots, residents can ensure that their kids wear appropriate clothing and shoes to avoid stepping on glass pieces or debris. A security guard can also be posted near such tot lots to attend to any emergencies and to prevent instances of vandalism.

ApnaComplex is a web based apartment management software. It is designed to make the life of residents and owners a lot better by brining in more transaparency and accountability in manging the complex. Sign up your complex today and get the benefits!

This article aims at collating and providing information for benefit of ApnaComplex customers and blog readers. While ApnaComplex has taken every care to ensure the information is accurate, we suggest to please use it only as a guidance for further discussion and action with help of relevant professionals.
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ApnaComplex
February 2, 2011

Pets In A Housing Society – Are Your Furry Friends Welcome?

Having pets in a housing society can be quite hard – you’ll need to take some necessary measures to ensure that your neighbors don’t have a problem with your pet. When it comes to community living, you should view things from a fresh perspective to see whether you pet will be accepted by the other members of the housing society. 

So What Are The Factors Involved?

Here are some factors that you should take into consideration when you plan on raising a pet:

  • Check For Pet Deposit/Pet RentThis is not a very common feature in the Indian scenario, but it’s always better to check whether your housing society charges a specific amount of money for raising a pet. When it comes to a pet deposit, a portion of it may be non-refundable, so get all the necessary details beforehand.
  • Get The Managing Committee’s Approval – If you’re planning on having a pet, it’s better to notify the managing committee in your housing society and get their approval first. There may be a couple of regulations in your agreement or paperwork regarding pets, and you can learn about these through their help. Sometimes, the apartment association may provide an approval form in writing.
    • Choose Your Pets Well when living in an Apartment Complex

    Choose Your Pets Well when living in an Apartment Complex

  • Pick The Right Pet For Your Flat – Go for a sensible option when you choose a pet and double check with your neighbors before you get one. Some breeds of dogs are loud and restless, and these aren’t ideal pets that you can raise in a housing society. Some breeds of dogs are very aggressive as well and these should be avoided. Fishes, frogs, turtles, cats and birds are options that you can consider. Some birds can cook up a ruckus, so choose your birds carefully. Among dogs, there are certain breeds that you can consider, like poodles, basset hounds and spaniels. Lovebirds, macaws and cockatiels are species of birds that are ideal for apartments.
  • Restrict Your Pet’s Movements – Always keep your pets within your premises and keep them away from the common areas unless they’re on a leash. This is very important, because in this way you can ensure that safety of both your pet and your neighbors. Letting your pets run scot free around common areas is not a sensible thing to do, as children who’re playing in the neighborhood may get scared or injured.
  • Groom Your Pet Well– It’s important for you to groom your pet well and quell its aggression, for your pet to be accepted within a housing society. If you’re opting for a dog, ensure that it doesn’t pounce on strangers or chase them. Give your dog a bath every once in a while and let it get some proper exercise. Neutered dogs are healthier and more docile, so get your dog neutered as soon as possible.
  • Vaccinate Your Pet– Your dog should be vaccinated regularly against rabies, and this should be done at least once in a year. A healthy pet will be accepted in a housing society without too much trouble, so feed your pet some quality food and keep it healthy!

These simple steps can help you avoid many pitfalls that pet owners in a housing society may otherwise face.

ApnaComplex is a web based apartment management software. It is designed to make the life of residents and owners a lot better by brining in more transaparency and accountability in manging the complex. Sign up your complex today and get the benefits!

This article aims at collating and providing information for benefit of ApnaComplex customers and blog readers.

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ApnaComplex
February 1, 2011

Three Reasons Why Home Loans For Getting An Apartment Might Be Rejected

It can be quite irritating if things don’t go the way you want them to, when you finally work towards buying an apartment. The sessions spent trying to decide on the perfect location for your apartment, the countless options that you filtered through and the many sleepless nights can all come crashing down when your application for a home loan gets rejected.

The Latest Banking Scene

All leading banks have now starting rejecting home loan applications, mainly because the situation has recently changed. Earlier, the competition among banks was high and in a spree to dish out the maximum number of loans, all banks used to sell teaser loans in an aggressive manner. But the guidelines have been made stricter and the screws have tightened in the process, and if your application doesn’t satisfy all the necessary criteria, it may get rejected.

Keep Your Credit Cards In Check!

Keep Your Credit Cards In Check!

The Reason Behind Loan Rejection

To make sure that your application doesn’t get rejected, you should know all the norms involved in the process that can stop the scales from tilting in your favor. There are three phases of approval involved when it comes to home loans, and these are:

  • Personal Profile Verification – You should take care when you fill up your personal profile, because any incorrect information entered in this section can bring down your chances of getting a bank loan for buying your apartment in Hyderabad. Banks will generally verify every detail mentioned, so ensure that you fill in the correct details when it comes to your age, the total number of dependents and your financial stability. You may have to show around five or six of your pay slips to get approved and clear this particular section.
  • Credit History Verification – Your credit history will also be verified when you apply for a home loan for buying an apartment in Hyderabad. Ensure that you pay all your bills in a correct manner, without lagging behind in any payments. A credit card balance that is huge doesn’t help either. Make sure that you don’t have other outstanding debts like vehicle loans or other personal loans, as these may be cited as reasons for your application’s rejection.
  • Property Verification – Choose the right builder so that you don’t face any problems when it comes to verifying your property. The builder should have all the necessary documents and the required number of approvals for this phase to clear smoothly. If the documents are not in order or if there’s a problem with the title or layout, your home loan application will be rejected.

When you apply for a home loan for buying an apartment in Hyderabad, ensure that your salary meets the minimum requirements. Clear all your other loans on time without any delay, and do not have any records of outstanding debts when you submit your application. You can also take some time off and step in and out of many banks to get an idea on the many types of loans provided, and you can go with the bank that best fulfills your essential preferences.

ApnaComplex is a web based apartment management software. It is designed to make the life of residents and owners a lot better by brining in more transaparency and accountability in manging the complex. Sign up your complex today and get the benefits!

This article aims at collating and providing information for benefit of ApnaComplex customers and blog readers. While ApnaComplex has taken every care to ensure the information is accurate, we suggest to please use it only as a guidance for further discussion and action with help of relevant professionals. If you need professional advise on this topic and any other property related matters, please send your request through our contact us form. You may post your questions/inputs in the Comments section below and we will try and get them answered through relevant subject matter experts.

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