Points to Remember While You Purchase A Property For An Investment Purpose
Apr 04, 2017 Home Trading Steps
In order to invest excess money, the best option for investment could be buying another property. This is only feasible if you are well settled and have your primary house to leave in. Due to increasing human needs and rising population demand for property will always increase. So you can always expect a hike in the worth of your property in the coming future. Also, the property can help you to earn additional income in the form of rent/lease. Listed down are some essential points to go through while you purchase a property.
Capital growth
Capital growth is one of the most important factors for all the other factors to fall back at. While purchasing a property one must put a lot of attention on the fact that the properties you are purchasing will it have a capital growth in coming years. Are the property prices likely to go up in that area? So if all things seem positive to go on with the purchase plan and if you have any doubts then get you doubts cleared and seek advice from real estate agent.
Rental income
Rental income is also one of the important factors. Invest in the places which are popular and are in a prominent location as it tends to attract more tenants. Also one needs to highly maintain the property as tenants are very particular about their requirements. Always search for something which will be high on returns. Look for property which can give at least 14 percent of return on investment. So rather having future regrets make decisions wisely.
Location & surroundings
In today’s time location and surrounding is of utmost important as the tenant does not want to waste too much time travelling. Make sure to invest in a property which is promising and familiar with the people. The property should be nearby to schools, colleges, banks, markets, hospitals etc. also have a look at overall surrounding like are there any slums nearby, crime rate in the area, safety for women’s at night etc. if the property is in good location and has great surrounding area then one will never find issues with finding people to rent their property.
Aesthetics
So when you purchase a property you need to check whether this property is spacious have enough of light and the air is well renovated it is necessary that property appeals you if it appeals you then only it may appeal the tenant. The aesthetics of property should appeal larger audience as it’s not as per your personal taste and it’s what people will look out for in the space. The property should be like stress buster once the person comes back from home should feel easy and comfortable.
Connectivity
The property should be well connected with metro if it’s not well connected with the city or prominent area then it will be difficult to find the tenant or rather be impossible as no tenant want to stay in a remote area which is not well connected. So the property needs to be connected with railways, offices, airports etc.
Amenities
Now the modern day consumer asks for luxury as the want good standard of living so it’s necessary that they have all the amenities in their living space. So it's advisable to invest where there are good amenities provided club house, parking, lift, power backup, gym, swimming pool etc. it’s not necessary that buyer may
Capital growth
Capital growth is one of the most important factors for all the other factors to fall back at. While purchasing a property one must put a lot of attention on the fact that the properties you are purchasing will it have a capital growth in coming years. Are the property prices likely to go up in that area? So if all things seem positive to go on with the purchase plan and if you have any doubts then get you doubts cleared and seek advice from real estate agent.
Rental income
Rental income is also one of the important factors. Invest in the places which are popular and are in a prominent location as it tends to attract more tenants. Also one needs to highly maintain the property as tenants are very particular about their requirements. Always search for something which will be high on returns. Look for property which can give at least 14 percent of return on investment. So rather having future regrets make decisions wisely.
Location & surroundings
In today’s time location and surrounding is of utmost important as the tenant does not want to waste too much time travelling. Make sure to invest in a property which is promising and familiar with the people. The property should be nearby to schools, colleges, banks, markets, hospitals etc. also have a look at overall surrounding like are there any slums nearby, crime rate in the area, safety for women’s at night etc. if the property is in good location and has great surrounding area then one will never find issues with finding people to rent their property.
Aesthetics
So when you purchase a property you need to check whether this property is spacious have enough of light and the air is well renovated it is necessary that property appeals you if it appeals you then only it may appeal the tenant. The aesthetics of property should appeal larger audience as it’s not as per your personal taste and it’s what people will look out for in the space. The property should be like stress buster once the person comes back from home should feel easy and comfortable.
Connectivity
The property should be well connected with metro if it’s not well connected with the city or prominent area then it will be difficult to find the tenant or rather be impossible as no tenant want to stay in a remote area which is not well connected. So the property needs to be connected with railways, offices, airports etc.
Amenities
Now the modern day consumer asks for luxury as the want good standard of living so it’s necessary that they have all the amenities in their living space. So it's advisable to invest where there are good amenities provided club house, parking, lift, power backup, gym, swimming pool etc. it’s not necessary that buyer may
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