Confused between Luxury and Budget Property? Here Is an Easy Guide to Finding the Best Investment Area
May 25, 2017 Home Trading Steps
A lot of investors get confused whether to invest in a budget or luxury property. It has been the most important question of all times.
But first, let’s find out what a luxury property is and what the budget property is.
Budget Property:
Budget homes are for the middle class buyers and the ones who have the budget restrictions. Budget homes are normal homes emerging in the non prime location. Such homes are cheaper in cost and meet only the necessary requirements. They aren’t in any top line of the property. It is a good investment area for the investors with a small budget. They are generally in high demand in middle class market.
Luxury Property:
Luxury segment is for those who have a preference for the A-class amenities and facilities and they don’t hold back to pay for it. Luxury properties are exclusive, desirable and unique in many ways. These are located in the prime locations making them expensive.
In terms of luxury properties, exclusivity mean that the property is close to other luxury residences, have an easy accessibility to five star hotels and restaurants, shopping malls, sports complexes, and parks.
In cities like Pune, the planned urbanisation has managed to keep a lot of greenery in the city. People demand mountain views or lake side properties. They come under luxury homes.
Luxury buyers want all the same things as any other buyer, just in a larger and lavish scale. Since finance is not a trouble for them, they like to spend it on lavish interiors and world class comforts. Round the clock facilities and proper management are of their prime importance including smart security and modern fittings.
Luxury properties cost a lot more than the budget housing. So back to the question whether to invest in luxury or budget property? There’s an unbeatable fact that the demand for budget housing is on rising in India.
In recent years, the market is witnessing the rise in demand for luxury properties in India. With the reduction in interest rates and property costs in general, it is expected that people will now give luxury properties a thought. Luxury properties are now becoming more affordable to the buyers who can stretch their budget slightly more.
A lot of integrated townships are now providing luxury segment. Though at the end it all comes down to buyer’s budget and the investing potential.
But first, let’s find out what a luxury property is and what the budget property is.
Budget Property:
Budget homes are for the middle class buyers and the ones who have the budget restrictions. Budget homes are normal homes emerging in the non prime location. Such homes are cheaper in cost and meet only the necessary requirements. They aren’t in any top line of the property. It is a good investment area for the investors with a small budget. They are generally in high demand in middle class market.
Luxury Property:
Luxury segment is for those who have a preference for the A-class amenities and facilities and they don’t hold back to pay for it. Luxury properties are exclusive, desirable and unique in many ways. These are located in the prime locations making them expensive.
In terms of luxury properties, exclusivity mean that the property is close to other luxury residences, have an easy accessibility to five star hotels and restaurants, shopping malls, sports complexes, and parks.
In cities like Pune, the planned urbanisation has managed to keep a lot of greenery in the city. People demand mountain views or lake side properties. They come under luxury homes.
Luxury buyers want all the same things as any other buyer, just in a larger and lavish scale. Since finance is not a trouble for them, they like to spend it on lavish interiors and world class comforts. Round the clock facilities and proper management are of their prime importance including smart security and modern fittings.
Luxury properties cost a lot more than the budget housing. So back to the question whether to invest in luxury or budget property? There’s an unbeatable fact that the demand for budget housing is on rising in India.
In recent years, the market is witnessing the rise in demand for luxury properties in India. With the reduction in interest rates and property costs in general, it is expected that people will now give luxury properties a thought. Luxury properties are now becoming more affordable to the buyers who can stretch their budget slightly more.
A lot of integrated townships are now providing luxury segment. Though at the end it all comes down to buyer’s budget and the investing potential.
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Max
2017-09-29 23:24:16My wife and I have been exploring the real estate market a little bit recently, and I think that being able to understand the difference between regular properties and luxury homes would be helpful. I'm glad that you talked about luxury properties meaning that they are close to similar homes, and have access to nice hotels, restaurants, and malls. I'm going to have to look a little more into luxury homes, and see if that's something that my wife and I would like, or if it would be better for us to be able to shop the budget properties! http://www.candichoumashomes.com/luxury-homes-for-sale-in-corona-ca
