Real Estate In India Is A Growing Industry

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.

India has always been a very potential land for business. With its huge population and rich resources, there has always been a demand for land to settle in India. And naturally, along with its growth, selling an existing property and buying new ones have been a part of the real estate business. However, when you are planning either to buy a property in this country or even sell out your existing possession, you have to be very careful, so that you are heavily on the profitable side of the measure machine.

Why buy a property?

When you buy a property, it is basically for two reasons. It can be either for living in it, or it can be simply an investment. Whatever the reason may be, you will have to be very careful about various factors that will help you with your comfort of living and over the time, increase the value if your property. Investment in real estate is very profitable if you buy property in India, after a careful survey and analysis.
In cities like Delhi, Mumbai, Kolkata, Bangalore and Chennai and all other metropolitan cities, along with the other growing cities, are rapidly increasing their price of the properties. Therefore, when you invest in a property, make sure that you gain much profit. And for that, you have to look into the matter of resell option.

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.

Tips to consider while buying a property:

  • Before buying any property, look around very well and do a little research about the options that are available for you. Whimsical decision with a very little research may lead to loss.
  • Make sure that the location that you choose is very convenient and has a good communication with the rest of the city. If markets, schools, offices and hospitals are far away from there, it is not a very suitable place.
  • The price of the property is the next most important thing that you should be careful about.

How to sell a property?

Selling a property is not as easy as it may seem. If you want to make maximum profit, sell property in India when there is a demand in the market. However, if you are looking for a good amount, you have to make sure that your property is in good condition and ready to stay in. Have all the papers ready, so that you can sell as soon as you find a suitable buyer.

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: February 27, 2018 — 2:27 am
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