Investing in property is a great way to build your wealth - only if you do it right. At Sairung, we get to know you, your portfolio and your strategy, which makes everything a little bit easier (and economical, of course).
Understanding what creates value in a house is the initial step to choosing the right investment property. Here are few crucial tips before buying a property. Do your Own Research Ensure that you do adequate research on the prices of the upcoming projects in the targeted area and current property market conditions before you take any decision. Determine how fair an asking price is by consulting a real estate agent or by purchasing a property valuation report, if available. It is also worth looking through the local newspapers for the latest listings in your chosen area. Not to forget, property websites that list nationwide properties for sale, will prove to be very useful. Budget The thumb rule is, before starting to look at properties, calculate how much you can actually afford. Although it’s possible to buy a home without a down payment, you’ll get a better rate, smaller mortgage payments, and be able to qualify for more loans if you can put 20-30% down. Start saving for the down payment as soon as you are thinking about buying a home. If the preferred area is too classy, consider buying in an adjoining area. Location Decide your priorities in terms of location, and what is going to be most important to you in a new neighbourhood – it could be good local schools, commuting distance from work, public transport links, close to family and friends, proximity to amenities, restaurants and bars, etc. Structural aspects of the house Always consider inspection of the property before purchasing a house. Especially patent defects, cracks in the wall, water pressure and geyser condition are the vital and clearly visible aspects we need to watch out for before plunging into any major decision of life. Talk to the Experts Work closely with your real estate agents to develop an action plan and strategy that meets your goals and needs. Finally, at Sairung
At Sairung developers, we are committed to giving the best property related guidance to our clients.
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AuthorSairung Developers, backed firmly by a sound financial base and trust, started its activities in 1979. Since its inception, the Sairung Group has spearheaded revolution in many areas like construction, development of gated communities and assured deliveries of developed farm and bungalow plots, NA plots, ensuring high returns year after year. Archives
December 2016
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