Pros and Cons of ‘Specially Placed’ Properties
May 19, 2017 Home Trading Steps
What are ‘Specially Placed’ properties?
Properties that are in the locations that impact the buying and selling of the property in future as well as in present. Properties that are close to a cemetery will not be a choice for the Hindu buyers. Some people believe in superstition and refuse to buy the property on the 13th floor. Properties that are close to the dumping ground are avoided by most buyers. Properties that are close to VIP area generally face parking issues. The properties which are in the main market face the constant traffic, honking sounds and pollution. Such properties are difficult to sell off in future. Buyer and seller generally face a dilemma whether to invest in such properties or not. Properties which are near stadiums give a better opportunity for the children to practice and participate in the sports activities. But when the tournament of any matched take place there the traffic and parking issue are not worthy.
Do the prices get impacted?
Yes, the prices of properties in ‘Specially placed’ areas get impacted. If the property is in the VIP area, no matter what the challenges might be, the property carries a ‘premium’ tag with it and its prices can go up by 25 percent of the market value.
The properties that have a negative notion attached to them might have to be sold at lower prices in future. Bargains for such properties are not new and the cost sometimes reduces to 10 - 20 percent.
What to look out for?
Make sure that the property isn’t near any burial ground or cemetery. According to Vaastu Shaastra, these places carry negative energy and can impact the general well-being of people near them.
Properties that are in the complex which are on the main road often face traffic and parking issues. Avoid buying such properties.
If the buyer is investing in the new and upcoming project, it is better to investigate the neighbourhood and the other future projects coming in the area. Also, it is better to do a thorough background check on the developer and read their reviews online.
Properties that are in the locations that impact the buying and selling of the property in future as well as in present. Properties that are close to a cemetery will not be a choice for the Hindu buyers. Some people believe in superstition and refuse to buy the property on the 13th floor. Properties that are close to the dumping ground are avoided by most buyers. Properties that are close to VIP area generally face parking issues. The properties which are in the main market face the constant traffic, honking sounds and pollution. Such properties are difficult to sell off in future. Buyer and seller generally face a dilemma whether to invest in such properties or not. Properties which are near stadiums give a better opportunity for the children to practice and participate in the sports activities. But when the tournament of any matched take place there the traffic and parking issue are not worthy.
Do the prices get impacted?
Yes, the prices of properties in ‘Specially placed’ areas get impacted. If the property is in the VIP area, no matter what the challenges might be, the property carries a ‘premium’ tag with it and its prices can go up by 25 percent of the market value.
The properties that have a negative notion attached to them might have to be sold at lower prices in future. Bargains for such properties are not new and the cost sometimes reduces to 10 - 20 percent.
What to look out for?
Make sure that the property isn’t near any burial ground or cemetery. According to Vaastu Shaastra, these places carry negative energy and can impact the general well-being of people near them.
Properties that are in the complex which are on the main road often face traffic and parking issues. Avoid buying such properties.
If the buyer is investing in the new and upcoming project, it is better to investigate the neighbourhood and the other future projects coming in the area. Also, it is better to do a thorough background check on the developer and read their reviews online.
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