"5 Key Aspects to Consider When Buying a Property: Are You Missing Them?"

Find a professional real estate consultant

Our profession has different synonyms, often called real estate brokers, channel partners, property dealers, property agents, and real estate consultants. Still, you may not know that every synonym has its respective roles. I would mainly highlight real estate consultants. Real estate consultants guide you from start to end point, give you unbiased opinions, and define the pros & cons of the property. They not only keep you also informed about property, but they inform you about location, upcoming development, and some inside news. So it is always advisable to look for a real estate consultant through reliable sources. because “A trader knows his job better than anyone else.” So opt for this aspect in your real estate investment journey.

Construction Quality

Motive of buying

Numerous questions will arise if I ask you your motive for buying the property and the answer could be anything. Be clear about your decision whether it is an investment or self-use or you may be adding another property to your portfolio or to save tax. Every property has a different timeline of appreciation and ROI (return on investment). Don’t end up buying what you don’t need.

Take pen and paper and prepare your investment plan in real estate. Ask your real estate consultant or discuss your plan with your financial planner. Investing 20 lakhs in real estate seems like a small budget, but it is huge when it doesn't grow in the stipulated timeline as you communicated. A common man buys property once or twice in his lifetime so there won’t be a second chance.

Be clear, Be focused, and prioritize your choices which is requisite for your investment. Remember demand, Value, and growth is essential for any kind of real estate asset.

Legal Work

Exit Plan