|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 partnership can be successful without a certain level of trust. This is one factor though that can't be bought. Trust as they say, is earned. This trust plays an extremely crucial role in the real estate world too. Trust between a buyer and seller is paramount in any transaction. But, it becomes even more critical for real estate because the volume of money involved is immense. A customer will only hand over life savings to another entity if he/ she can trust the other person. Also, it is also a long-term relationship, and thus needs to be cordial in order to be successful.
One builder who has been able to instill immense trust among buyers is Puri Constructions. They are the name behind various projects across Delhi NCR. They include flats in Gurgaon, luxury flats on Dwarka Expressway, apartments in Faridabad, luxury villas in Gurgaon and many more. They have been in the real estate business since 1971 and have grown with the market. After setting up establishments, they looked at newer areas for greater challenges. Currently, Puri Constructions is developing apartments in New Faridabad, apartments on Dwarka Expressway, and Faridabad Neharpar apartments among others.
But, what has helped customers develop this trust over Puri Constructions? What is it that companies venturing into the world of real estate can learn from them?
|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.|
Lots actually. One of the most important factors to gain a customer's trust is value for money. The more the price of a commodity, the more essential it is that the customer feels that the product was worth the investment. Quality becomes paramount and so does timely delivery. The delay of a project results in massive losses for the customer and developer alike. Also, there should not be any compromise on quality. The best raw materials should be used. If the need to repair any portion of a newly bought house arises, a customer will be highly dissatisfied.
Puri Constructions does not just deliver houses that look beautiful from the outside, but these apartments are laced with the latest and best interiors too. The flats in Faridabad and luxury apartments in Gurgaon delivered by them are fine examples of the same. Despite being affordable, these properties use the best raw materials available in the market and there is no compromise on quality.
Apart from timely delivery and quality of a project, the resale value is equally important. Lot many times, apartments are not bought for immediate use, but as a safety nets to be upgraded later. This can only be achieved if the resale value of the property is proportionate to current market rate and cost of living. Property rates rise over time and there is no changing that fact, but a property belonging to a builder with a good reputation is easy to sell than a stand alone one, still find ground.
Puri Constructions is one of those developers who have built a great reputation among their customers with regard to trust, quality, and property appreciation, and are thus, rated as one of the best in the country today.
For more info visit: puriconstructions.com
|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.|