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Submitted by: Mufaddal Sadriwala
Sometimes real estate investing for beginners can seem a bit
intimidating and its easy to get lost in the lights and sounds of all the
logs, books and other articles. When it comes to choosing a house,
we often make the mistake of checking just the quality and not the
quantity. There are things that are visible to our naked eye and some
that are hidden from us. With population increasing exponentially, the
eal estate market is growing gradually.The three major factors that
determine property investment in Mumbai would be: demand,
prospective land growth and pricing. Below are some tips that could
serve helpful for those who are willing to invest in a property:
1- Be selective and brand conscious
Both Quality and quantity play an important role but look at quality
efore quantity. Selecting a decorative flat in a lesser known area is a
ad option as compared to small flat in a more popular region which
has accessibility to facilities such as main road, malls , shopping
center etc. Don’t simply go by the price offered to negotiate it cross verify
it makes sure it is the cheapest price. The property you are buying
should be tagged with a reputed real estate builder it increases its
value. Group Integrated is one of the top real estate company in
Mumbai. Research before buying a property and be sure about what
you want to buy.
2- Identify and avoid mortgage scams
A mortgage loan is used by purchasers of real property to raise capital
to buy real estate, or by existing property owners to raise funds for any
purpose while putting a lien on the property being mortgaged. Study
about the types of the mortgage loan and which kind fits you
equirements. Study about mortgage interest and make sure highe
interest is not charged. Go through mortgage spams so that simila
events won’t happen with you.
3- Connectivity
The location of your apartment should be such that you know access
to all the facilities. It should serve you all your needs. The first thing
that comes to our mind when we look for a house is the locality and
it’s proximity to the city’s most popular places. Commutation has an
important role to play when it comes to choosing a house.
4- Layout Plan and Amenities
The layout Plan of an apartment should be such that it must give you
the delight of high-living standard that offers substantial quality and
perfection. A top-notch apartment consists of spacious bedrooms yet
at the same time not waste space.Don’t compromise with your luxury,
if you are willing to invest in an apartment, make certain that it
includes all the amenities that could add comfort and luxury at once.
5- Know about Real estate laws
You should ensure that the property is free from any legal obligation.
Certain factors like prior approval of the project before its launch,
egistration of the project, the disclosure of all the mandatory details etc.
Make sure your funds are not blocked and the seller is not a fraud.
About the Author: I am an Editor in chief in a Local Newspaper publishing Company, also I write content for websites.
groupintegrated.com
Source:
isnare.com
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