·        Since The Idea Of Owning Your Own Space Has Sparked In Your Mind The Next Requirement Would Be To Assessing Your Financial Status Along With Your Personal Banking Entity. Comparing Your Reserves And Earnings With Expenses, Outstanding Loans, And Other Liabilities (If Any) Would Be Helpful In Assess Your Finances. Which Would Further Provide An Estimation Of Eligible Loan Values Against Your Assets Along With A Clearer Picture Of Personal Contribution And The Size Of The Property That Can Be Acquired.

·        Next Step Would Be To Assess Your Needs To Search For An Attractive Property In Accordance With Prioritizing Day To Day Requirements. Some Areas That Would Help Decide Are Proximity To Schools, Shopping Areas, Groceries And Produce Availability, Hospitals, and Entertainment. The Rest Can Be Customized As Per Individual Requirements.

·        Deciding On Where To Buy, What To Buy Is As Crucial As Buying Itself. Here Comes The Role Of Real Estate’s Very Own Shopping Mall: Social Platforms, Brokers, B2C Marketing, Listings Like Quikr, 99acres, Etc. Recent Studies Have Shown That Social Platforms Like Facebook, and Twitter Have Also Been Playing A Crucial Role In Real Estate Market Investments And Buying.
The Above Steps Would Also Act As Filters To Narrowing Your Search And Bringing Forward The Best Options Available In A Customized Format.

·        Another Important Factor To Be Considered Is Whether To Move Into A Ready Venture Or Invest In An Upcoming One For Better Prices Depending On Your Need And Availability Of Resources And Funds.

·        A Typical Loan Facility Would Provide Around 70% – 80% Of The Funds Required, So A Smarter Move Would Be Considering A Loan Top Up To Reduce Personal Immediate Investment And Covering Various Overhead Expenses.

·        Lastly, It Is Very Important To Understand And Have A Crystal-Clear Picture Of The Various Options Available Pertaining To Loans And Most Importantly Insurance Of Your Assets So That What Is Close To Your Heart Is With You Always.

·        Finally, The Best Piece Of Advice We Could Give Is That, Investing In Real Estate Is The Best Form Of Investment Because Of Its Exclusive Nature Of Minimum Uncertainty, Promising Short And Long Term Returns In The Form Of Rent And Appreciation, And Physical Tangibility.

 Penned By  : Team Sabhaya Buildcon