Short-listing a real estate property is always a crucial decision, especially if you are looking at it as an investment point of view. With numerous lucrative options available around, it becomes a challenging task to choose the perfect one. Easy or not, real estate is without a doubt good investment option for everyone. Also with so many budget-friendly schemes for affordable housing by the government in 2019, real estate has become the best investment choice.
While making a real estate investment, there are many things to know beforehand in order to make a well-informed and correct decision.
Types of property for investment
Firstly it’s very important to identify all the types of real estate property and to know which type you intend to invest in. This way it’ll be easier for you to choose the suitable and correct investment property. The main types of real estate are residential, retail, commercial and industrial property. The residential and commercial real estate options are the safest type for investment as the rate of return is high and guaranteed. Both have their own pros and cons, therefore, consider all aspects and choose the option that suits you the best.
Do the market research properly
Before investing, it’s essential to learn and understand the market thoroughly. Be careful and don’t blindly trust the numbers. Do the proper researching and apply an analytical approach logically based on the financial factors. Find an expert, who knows market values better, to help you with the best options and deals. Don’t rely on anyone but a trusted advisor who can give you an unbiased assessment of the rent and the property. This will surely help you in choosing the best property.
Establish your budget
When it comes to investment it’s always advisable to establish the amount of money that you are willing to spend before deciding the best place to buy and invest money. Investing in real estate is a financial commitment and therefore don’t go overboard and stick to your initial budget. To make a real estate investment, always ensure that you have a stable income even in the financially challenging period.
Credibility of the Builder
One of the most important things to consider before investing in a property is to know about the real estate companies and developers and crosscheck whether they are trustworthy or not. Verify the company’s complete background, legal paperwork and their current or upcoming projects; also check their credibility by asking existing customers. The best way to invest your money is to buy a property that belongs to a reputed real estate developer who deserves your trust.
Location is the most important factor while making a real estate investment. Buying a property in an excellent location is considered as a good real estate investment. It’s the main determinant of the best property type, tenants’ pool, return on investment, rental income & expenses, etc. Therefore invest in a property that offers – great connectivity, vibrant lifestyle and is in the close proximity to eminent educational institutes, entertainment avenues, markets, shopping malls, restaurants, hospitals and other essential facilities. The property at a good and highly convenient location is beneficial for long term ROI.
Quality and Characteristic of the property
Before investing in a property understand your requirements. Check the layout plans and make a site visit of the property. Visit the builder’s previous schemes as well. Ensure the quality of the construction, amenities offered ambience and connectivity of the property. Attractive properties are also surrounded by nice infrastructures such as tarmac roads, street lights, good drainage systems and well-built pavements. When making a real estate investment, consider a property with such good features as it offers a handsome return.
The main goal of every property investor is to get profitable and guaranteed a return on investment (ROI). Any return on investment can be considered in two ways; one is monetary returns and second, returns in terms of happiness & fulfilment. Though later one matters, monetary returns are the main reason for any investments to happen in the first place. Therefore one should always go for a property investment with positive cash flow. Investment with positive cash flow is the best way to invest and make guaranteed money. So, while investing in real estate, look for long term, positive, higher and guaranteed ROI.
Pyramid Lifestyle is one of the most reputed real estate companies with a range of landmark properties in and around Pune. Visit our projects with premium location advantage, excellent construction quality, luxurious amenities and reasonable real estate prices. Invest in them today and ensure high long term returns.