Strategies to help you in making a successful property investment
Aug 18, 2017 Home Trading Steps
The real estate in India is a dynamic industry as it goes through a lot of changes through the year. Whether new or a key player in the real estate, finding the right property for investment can be a tedious task. Finding the right price and evaluating its value in coming years can take up a lot of time. Studying the market and how it affects the prices, can help you in making the right decision.
We discuss four strategies that will help you in analysing the market trends before buying the property:
1. Pricing trends:
The best way to find out about the city’s or a particular location’s price is to analyse and study its pricing trends. To know more, it is better to look into the price trends for the last three years. This will help you in finding the right price and evaluate the price appreciation in coming years. If you are interested only in residential properties, try to look into all the segments of the real estate market like the residential, commercial, industrial etc. this will help you in getting an insight of the highs and lows that the area has been through in the past few years.
2. Growth factors:
After you have figured out the property that suits your financial and personal requirements, the next step is to identify the growth factor of the property in the area. The cost of the property is identified by various micro and macro- economic factors. The addition of civic and social infrastructure helps in growth of the prices. Proper roads, connectivity, schools colleges etc help in boosting the prices too.
Regional regulatory guidelines, state tax reforms, local economy, also help in fueling the market cost.
3. Assess the buying activity:
The rate at which the property is sold can help in identifying whether the property is a buyer’s market or sellers.
It is difficult to find out the price of the each and every property in the area but it is easy to find out how the property was sold and how long it was listed on the market before it was sold. This is known as ‘days on market’ and it can be studied for past couple of months. This can help you in finding out how much the property will cost in future.
4. Compare the different area of the city:
Extend your field of research on the property from central to suburbs and outskirts of the city. The outskirts of the city and suburbs tend to show more growth in future. this will also help you in getting a fair deal at right price.
We discuss four strategies that will help you in analysing the market trends before buying the property:
1. Pricing trends:
The best way to find out about the city’s or a particular location’s price is to analyse and study its pricing trends. To know more, it is better to look into the price trends for the last three years. This will help you in finding the right price and evaluate the price appreciation in coming years. If you are interested only in residential properties, try to look into all the segments of the real estate market like the residential, commercial, industrial etc. this will help you in getting an insight of the highs and lows that the area has been through in the past few years.
2. Growth factors:
After you have figured out the property that suits your financial and personal requirements, the next step is to identify the growth factor of the property in the area. The cost of the property is identified by various micro and macro- economic factors. The addition of civic and social infrastructure helps in growth of the prices. Proper roads, connectivity, schools colleges etc help in boosting the prices too.
Regional regulatory guidelines, state tax reforms, local economy, also help in fueling the market cost.
3. Assess the buying activity:
The rate at which the property is sold can help in identifying whether the property is a buyer’s market or sellers.
It is difficult to find out the price of the each and every property in the area but it is easy to find out how the property was sold and how long it was listed on the market before it was sold. This is known as ‘days on market’ and it can be studied for past couple of months. This can help you in finding out how much the property will cost in future.
4. Compare the different area of the city:
Extend your field of research on the property from central to suburbs and outskirts of the city. The outskirts of the city and suburbs tend to show more growth in future. this will also help you in getting a fair deal at right price.
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