As per current market scenario everyone wants to think before investing their harden money in to REAL ESTATE, So, We should consider some important things before investing real-estate market-
1. Location: The major factor to be considered is Location –location- location. Buyer/Investor should check location like its connectivity to major places like Hospitals, schools, shopping malls, airport, and metro connectivity if we are planning to buy in metro cities.
2. Builder: 2nd major things we should consider is reputation of builder, its delivered projects, construction quality, Project delivery records. Construction quality of a builder leads to appreciation of cost.
3. Cost Evaluation: For best investment return we need to work on cost also. What is the cost running in near locations. We need to check on future returns on that property by comparing running rates in nearby properties.
4. Security: As everything requires security same as our money which we are investing requires security. Our property should have insurance coverage. It should to protected and secured with insurance policies.
5. Customised Living Option: It should not be for only investment, we should consider some points that we can live there that means we need to choose like we are looking for self use it should not be like only investments i.e. facings, nearby park if its residential options. In commercial connectivity with roads, facing, floors etc.
6. Rental: We should consider that what could be the cash flow from rentals income we can get there that is directly depends on office spaces present near, colleges nearby or metro station nearby (applicable in metro cities). If we are investing in Commercial properties we should opt for fixed monthly returns options and fixed rental options.
7. Upcoming Developments: We have to consider that what would be the effect of upcoming developments on our property.
8. RERA Compliant: As now RERA (REAL Estate Regulatory Authority) is into the picture so, we are almost 70-80% safe by having RERA Compliant property options.
So, above are some points we should consider before step in the real estate market. As we have discussed first point location. That’s the major point to be considered and another is RERA Compliant. The most important role plays your real estate agent/advisor to choose the best option to invest so, this also be a point that choose best agent and then feel free.