Choose With Caution Invest With Care

Buy sell Property & Real Estate Investment Guide

Buying Property Tips#1: Choose the Right Location
Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.
Buying Property Tips#2: Study the Local Market Dynamics
It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.

No matter which age group you are in investing in land is always a good option, if you want to put away money, or make a valuable purchase or if you want good appreciation. Here, are the main reasons why you should invest in residential projects in Noida:

a. Good appreciation – there is hardly any other business where you can get such good appreciation. In fact buying anything – automobile or similar goods will only lead to depreciation.

b. Opportunity to increase your earnings – if you rent out your property, with the present day condition of soaring house rent, you are going to get a lump amount as rent on your residential properties in Noida.

c. Tax exemption – if you take a housing loan, and you are salaried, you can be exempt from tax for the loan principal amount, which will again be a meaningful saving.

Buying Property Tips#3: Choose the Right Property
Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.
Buying Property Tips#4: Do the Math Properly
Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.
Buying Property Tips#5: Consider Additional Expenses
When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.

That is the reason, we are seeing that there is an increased rush in the need to book residential projects in Noida. This is in fact also increasing the costs and the present day youth have a lot of cash flow and that is also leading them to look for sensible opportunities. Thanks to the high paying jobs in the IT sector, most of the youngsters today have started to save sensibly by booking some new homes and this in turn has led to increased demand in such properties.

Most buyers today are faced with a situation where they start thinking that the residential properties in Noida are becoming costlier and they almost every time get into a situation where they have to stretch their budgets to a certain extent. Either they don't like what they get for their budget, or if they like then it is a little above their budget.

In such cases, the best thing would be to just go in for the purchase, considering the trend of the real estate industry, prices are expected to sky rocket even further and in that case, they will have to then regret that they missed buying at a cheaper price. On the other hand, if they buy and after a few years, they realize that they do not need the place, then there are always buyers out in the market who are willing to buy the property. Since the land value and property value increases, there is a good chance that more money will be made than spent in the whole deal.

Buying Property Tips#6: Inspect the Property
To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.
Buying Property Tips#7: Pick the Right Financing Option
While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.
Buying Property Tips#8: Invest through Equity
One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.
Updated: May 7, 2018 — 10:58 am
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