Points to Ponder

“Buy land, they’ve stopped making it”, said Mark Twain. It’s very true
almost everything else in which you can invest else can be produced risking
the value of what you own. So real estate by far is a safest investment of
today. Despite financial turmoil realty stands against all odds by showing
lesser ups and downs, as it’s tangible what you have will always remain with
you. Few questions which may ponder the mind of yours around realty sector
can be

A: Always think if your rentals can build an asset for you. Given as a youth
renting may look as most obvious option however it’s recommended to also think
of some location where you would like to invest in property, this can even very well be your native.
Just look for pockets which has a potential to appreciate quickly and if you can even your rentals with EMIs
you have planned your realty needs and you are ready to make money! Just as a thumbrule, when paying
rentals which account to 10-12% annually on actual value of home, why not
consider buying  a home. Even if property rates do not appreciate you are
still profitable, you have an asset to bank on with EMIs equal to your
rental. Considering a long investment horizon (10 year) this is always a
good option.

Q: What should I do when I need to buy a house and I have shorter investment

development around it viz. metros, shopping malls, IT offices, Airport, etc.

b)Consider buying home on the main connecting roads than interiors. Even a
good house in interiors can fetch lower valuations.

c)Buying home from a Good builder will always be plus

d)Do a prior valuation, legal checks of home before buying. This will help
you know if you are  paying the right price and risks involved. Remember you
have a house for lifetime than your bank so it’s recommended you do this
checks despite your banks ensuring such things, but they are not always
enough.

what are you long terms plans to settle, are there good schools and

h) Everything in this market is negotiable to hunt for the best deal, best
price, best discounts as small % discounts can save you lot of money

In addition know the home phenomenon it’s very important for making
decisions. When planning your home, do keep in mind that the home concepts
are changing rapidly. The home paradigm from 80s to this decade have huge
shift. Today homes fall more under lifestyle than a necessity. And now
people are also adopting new concepts called intelligent or smart homes.
Wi-fi connectivity, automated access controls, security gadgets, HVAC
systems and remote home management are some of the new age features which
can be seen in these concepts. This would also mean if you wish to keep up
with the new age, ensure your selection has such future options or have
options to install these or the society around you have a zeal for these
concepts and they would adopt this as a group in future.

Tags: buy rent land house