4 Home Buying Tips for Beginners

Since time immemorial investing in real estate has been a great value proposition for many Indians. And why won’t it be! After all, it is a lucrative investment option. So, if you too have decided to take the plunge in the market and searching Flat-Apartment for sale in Bangalore, here are a few tips that will help you take an informed decision.

Research is the Core!

Before entering any market, adequate research is of prime importance. Try to read about recent regulations and policy changes in the real estate market along with latest trends that are defining the market conditions.  Also, look for factors for growth such as connectivity and present infrastructure in the locality you are interested in. Further, make sure to study the past growth trends in terms of property prices.

Study the Locality deeply

 If you are planning to invest in an apartment, try to research and find out how have investors who have invested in the same locality fared. Also, check if there are any infrastructure projects in the pipeline as it can be a huge game changer for the area you are investing in and can fetch you healthy returns in the future.

 Take Small Steps

Despite all the research, are you still sceptical about making an investment? Worry now! Just start with a small investment. To begin with, invest in an affordable property and or invest in a plotted development. Analyse the returns over a period of time to see if you want to continue or not.

Take the Plunge when confident!

Once you are confident about your decision and the market, take the plunge. Use the returns made from your smaller investments can be used as capital for your next and big investment.

Points to Remember:

  • Be prudent in selecting the property for your first real estate investment. Investing in an affordable property or a plot is a good option.
  • Developer’s background, credibility and his past projects should be checked thoroughly.
  • Make a list of important documents that you should collect from the developer during buying process.
  • Keep a tap on the market and make a move at the right time.
  • Lastly, since it is your first investment, do get all the documents checked by a lawyer to avoid any unwanted trouble in the future.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s