Since the day you start earning you want to buy or invest in a property that suits your requirements. By the time this dream starts turning into realty, and finally you start searching for a property, two major factors determines your search. You either buy to invest or you buy to live. Then some other questions that arise are whether an apartment or a plot, Housing project by a developer or an independent house or plot in an already established locality. In order to get the best deal, you should have a clear picture in your mind as to what you are looking for, and the kind of property you are searching, you are the best judge of your situation.
Will you rent out the property and use the rent amount to pay your EMIs, or would you be able to pay back your home loan installments while you reside in your newly bought home. If you are looking forward to purchase an apartment, or a plot, then you need to plan about how you will handle your finances and continue your current lifestyle.
The property location will influence both the kind of tenants you will get and the type of returns on investment you will be acquiring. Areas that have higher employment opportunities are likely to get more tenants. So you should always check the property location for current or projected parks, malls, movie theatres, public transport hubs like the Metro and all the other factors that can help you to get more buyers or tenants.
DEVELOPMENT PROSPECT
Gather all details about any new project that is being developed or has been zoned into the locality in which you are eyeing a project. If there are a quiet few new business parks or malls coming up in location near your property then it is possibly a good growth neighborhood.
LEASING OUT
When you are purchasing an apartment, do check the list of amenities offered by the developer within the premises, property location and quality of construction work. Prospective tenants these days are looking for well furnished apartment with wardrobes, utilities in the kitchen and bathroom furnishings, so ensure that your apartment has all these facilities in place. Also keep a record of all required lease documents duly signed by the tenant and you in order so that every formality can be completed as early as possible.
Join atOnePlace as a Agent. Be an associate and increase your business
Latest Residential Deals on Indian Property
Free Legal Advice for Indian Real Estate
Blog at One Place 