Are you planning to
make an investment in a new property? Taking your first step into the world of
real estate investment is a thrilling experience. But without proper research
and study, it may become a daunting task. Before buying your first real estate property,
consider these factors.
Finance planning
Prepare for the down
payment and interest rates before making a decision on the property. You have
to expect a down payment of at least 20 per cent of the property price. As the
interest rates are quite different for investment properties, compare the
interest rates on different loan products offered by different financial
institutions and choose the right one for you.
Purpose
What is your planning
regarding the property, to rent or flip? Flipping the property offers a faster
profit whereas renting it offers more passive and longterm income. But in the
case of renting, it takes a longer time to get your initial investment back.
Research
Apart from research on
the property, have a rough idea on the local economy. Does the city has good
employment opportunities to attract potential home buyers or tenants to the
city.
Heather Ferns, a
premium residential project, apartments in Trivandrum at Kazhakottam near
Technopark is a flagship project by Heather Homes, one of the top builders in Trivandrum, Kerala. The project, flats in Trivandrum, accommodates the needs of
an urban lifestyle at its best.
To Know More Heather Homes
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