Know Why It Is Better to Buy A Home that Gives Return
Jun 20, 2017 Home Trading Steps
After the introduction of RERA along with the policy initiatives such as the Benami Transactions Act and Government’s push towards affordable housing, which indicates towards the best time to buy a new home. Recently we have seen a lot of activities in the residential property market, which was restrained during the demonetization period during the late last year.
There is a positive vibe in the buyer sentiment and builders would make the most out of it with marketing efforts. Due to ample supplies of the residential market out of which most are in ready position, enhanced marketing efforts are in place with special offers and discounts.
Advice To Property Buyers:
Certainly this is the best time to buy a property, however, the buyer should be quite judicious while taking account of the affairs/schemes and purchase decision should be solely taken on the basis of the value of the property. Buying a home for a middle class individual is an expensive mission as the significant savings amount is involved as the down payment and long commitment is required to pay the EMI’s for several years.
The price of the property is definitely an important concern for buying, however cheapest options should always not to be considered as it is the quality that determines the value of the property.
The below-mentioned aspects are those which determine the value of the property:
1)The location of the property
2)Brand value of the builder
3)The quality and availability of facilities /amenities provided in the project and individual units.
The evolution of ‘location value’
Centrally located parts of the city are the costliest due to and CBD and SBD (central and secondary business districts). These areas host the offices of high-profile companies which offers a vast cross section of jobs from highly paid management to support staff jobs. This is the reason which makes this placed highly desirable and from the real estate market perspective very expensive too.
This idea held true for a long period of time until the Infotech companies walked into the Indian market. The IT industry offers good salary packages, however, they are not persistent on high value locations. These firms normally prefer to set up their offices in outskirts location to save on real estate costs as a result of which such places become desirable for home buyers and there are less expensive too.
Buying a home in the outskirts which connects to the IT hub or manufacturing belt makes perfect sense for buying the property.
Brand value stands for assuring quality
With an ample options buyer usually gets confused, price consideration is important, however, there are three mainstays of lifestyle which needs to be considered on priority i.e. refuge, comfort and security. Branded builders provide these three advantages which are their standard offering remains the first choice for the buyers.
Facilities and amenities – life beyond mere living
Nowadays clubhouse, swimming pool and children’s park are no longer considered as luxuries but has become the bare minimum for an Indian home buyer. A residential project that does not offer these falls far short of the required mark. However, the projects without such offerings will get buyers but such buyers would get little comforts in their purchases.Buying a home is not just considering the present and future comforts but also at good locations and built by reputed builders with good amenities can definitely yield good capital appreciation.
There is a positive vibe in the buyer sentiment and builders would make the most out of it with marketing efforts. Due to ample supplies of the residential market out of which most are in ready position, enhanced marketing efforts are in place with special offers and discounts.
Advice To Property Buyers:
Certainly this is the best time to buy a property, however, the buyer should be quite judicious while taking account of the affairs/schemes and purchase decision should be solely taken on the basis of the value of the property. Buying a home for a middle class individual is an expensive mission as the significant savings amount is involved as the down payment and long commitment is required to pay the EMI’s for several years.
The price of the property is definitely an important concern for buying, however cheapest options should always not to be considered as it is the quality that determines the value of the property.
The below-mentioned aspects are those which determine the value of the property:
1)The location of the property
2)Brand value of the builder
3)The quality and availability of facilities /amenities provided in the project and individual units.
The evolution of ‘location value’
Centrally located parts of the city are the costliest due to and CBD and SBD (central and secondary business districts). These areas host the offices of high-profile companies which offers a vast cross section of jobs from highly paid management to support staff jobs. This is the reason which makes this placed highly desirable and from the real estate market perspective very expensive too.
This idea held true for a long period of time until the Infotech companies walked into the Indian market. The IT industry offers good salary packages, however, they are not persistent on high value locations. These firms normally prefer to set up their offices in outskirts location to save on real estate costs as a result of which such places become desirable for home buyers and there are less expensive too.
Buying a home in the outskirts which connects to the IT hub or manufacturing belt makes perfect sense for buying the property.
Brand value stands for assuring quality
With an ample options buyer usually gets confused, price consideration is important, however, there are three mainstays of lifestyle which needs to be considered on priority i.e. refuge, comfort and security. Branded builders provide these three advantages which are their standard offering remains the first choice for the buyers.
Facilities and amenities – life beyond mere living
Nowadays clubhouse, swimming pool and children’s park are no longer considered as luxuries but has become the bare minimum for an Indian home buyer. A residential project that does not offer these falls far short of the required mark. However, the projects without such offerings will get buyers but such buyers would get little comforts in their purchases.Buying a home is not just considering the present and future comforts but also at good locations and built by reputed builders with good amenities can definitely yield good capital appreciation.
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