BUYERS GUIDE

Things to remember while buying properties

Investing in property is considered a safe and sensible investment. Additionally, with tax evasions options for salaried people and attractive interest rates more and more people are getting drawn into investing in real estate. Real Estate Mumbai, in particular, more and more areas earlier unknown are gaining popularity because of the existing space crunch in the earlier Mumbai.

    Identify the need:

    While making an investment it is important to figure out what that piece of investment will yield to you. For instance, if you are buying a property to live in, then the priorities will be very different from investing for future yield.

 

    Visit the Site

    You should try to visit the project site. More than once if possible. This will give you a firsthand experience of the place. Additionally, it will give me more details on the area around the house, and the time it would take you to commute back and forth to the place.

 

    Proximity

    If you plan to live in the house the objective of purchases will be have access in terms of connectivity and also school or educational institutes nearby. However, if you are looking only in terms of investment, you might want to look at developing areas around Mumbai - this would ensure that your land is cheap, while has prospects to grow.

 

    Learn About Loan Options

    Apart from knowing how the real estate is performing, you must also ensure that you get the best deals. There are a whole range of banks that offer loan options on fixed and variable rates of interest on the loan.

 

    Consulation

    Real estate investment is usually a big opportunity. So, talk to real estate experts and bullish investors. Colleagues, friends, anyone that know the market. Important to emphasise here that reliable sources are what you must look at.

 

    Make your pick and make it quick

    As much as research is an important aspect while searching for a property, many a great deals can be lost if you are too much of a slacker. So, make your pick of a property, after evaluating all the options, and close the deal as soon as possible.