Whether you are looking to buy a luxury home or a simple apartment, there are a lot of things to consider when investing in the Indian property market. Follow this low risk, high gain cheat sheet before you seal the deal on your dream home.
1. Make an Educated Investment
From an investment point of view, ready to move in homes, especially apartments, have an edge over plots. Despite market fluctuations, ready homes always remain in demand. Securing a bank loan for such properties is easier and what’s more is that you can put them up on rent straight away.
2. Follow the Market Trends
Buying a home is a major financial decision. Don’t rush into a deal without considering the current market trends. Thankfully, 2018 is a buyer’s market, so if you are thinking of dipping your fingers in real estate, now is a good time to start.
3. Consult a Realtor
A realtor can not only help you secure a good deal within your budget but also hand hold you through all the paperwork. Buying property requires due diligence and you need an expert in the filed to guide you.
4. Be Cautious
Real estate is considered a safe appreciating asset – but there are always exceptions. The most important thing to consider carefully is whether the location of the project can give you a good return on the investment. The value of your property will vary depending on the changes in the economic scenario of your neighbourhood. Apart from the location, you should also thoroughly check whether the project meets all the legal requirements, has government approvals and safety audits.
5. Figure out Your Financing
Another important aspect before sealing the deal is to consider your finances. There are many options when applying for a home loan. Would you rather take a fixed or floating loan? And how long do you want to keep the tenure of your loan? Also, you would need to take into account the ancillary costs of building/maintaining a home.
Still trying to make up your mind? Get in touch with an ATS property advisor and make your dream home a reality.
Visit : ATS Tower, Sector 135, Noida, Uttar Pradesh 201301