The Best Place To Set Up House Are Flats In Perumbakkam

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.

Owning a home is everyone's dream and today one's native place or home village is no longer important in this sphere but what is important is the place we work and connectivity to educational institutions, hospitals, etc. When we talk of real estate possibly one of the best places in south India is Chennai. The city is fast expanding as an IT hub providing many job opportunities and thus there are many people shifting to Chennai. This has led to many housing projects sprouting up all over the city making it a real estate investment.

There are many areas in Chennai which are developing rapidly and one of these is the old suburb of Perumbakkam. In order to accommodate the ever growing population of Chennai suburbs like Perumbakkam are being developed and they are growing with plenty of infrastructural bonuses. There are many flats in Perumbakkam available for both sale and rent and there are several reasons why people are opting for this place. It is well connected to the rest of Chennai and especially to Tambaram through the Tambaram Velachery Road. It is quite close to the IT corridor making it any easy option for IT professionals. It is quite close to the city for all amenities but yet it is removed from all the stress and hustle and bustle making it an ideal residential place. It has many new residential projects that are all aimed at comfortable living. All these factors together contribute to Perumbakkam being a good residential 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.

When it comes to living spaces in Chennai, a notable name in the industry that is making a mark for itself against the skyline of the city is Radiance Realty. It is a firm that tries to blend both tradition and the best of modern living and one of its best projects is nearing completion is Radiance Mandarin. Located on the Old Mahabalipuram Road (OMR) near the Perungundi Toll Gate these flats are the epitome of luxurious living. It is in close proximity to schools, hospitals, entertainment options, etc. and is only a twenty minute drive from Adyar.

The apartments are very spacious ranging from 1575 square feet to 2375 square feet and are designed to make luxury living an amazing dream come true. The project has everything in terms of entertainment like a gym, spaces for meditation and reading and even areas dedicated to indoor games. It even has a spacious and multifunctional party hall making it easy for residents. Residents can make use of the pharmacy in cases of emergencies. In short, it is a project designed with the customer in view and goes a long way in providing virtually everything.

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: April 8, 2017 — 11:37 am
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