May 27, 2017
Once the real estate market begins to kick back in India, the industry will soon become a buzzing investment avenue for entrepreneurs. Real estate is one of the most established yet unorganized sector in India – a developing economy. Amongst leading entrepreneurs, investment opportunities in this sector are often considered to be the smartest step taken to earn high returns. How do most business honchos multiply their bank balance with the least amount of risk involved? It works because the increase in the value of the home or the land that they buy proves to be a profitable asset in the long run.
But what do they exactly contemplate before putting their hard-earned cash into buying properties? Like any other entrepreneur, it takes a host of continuously evolving and smart investment decisions to build wealth.
1. Long-Term Investment:
Investment in real estate increases its value over a period. As the supply of land is shrinking and the population is spurting non-stop, the need for accommodation is only expected to see an upward trend. But the thought of getting rich in a short span of time is not applicable when investing in real estate. People have added millions and billions to their savings over a span of time by doing proper research and moving ahead steadily.
2. Successful past investment decisions:
Referring to local case studies of real estate properties is the best way to make successful investment decisions. Buying a property and developing or improving before reselling it, is the most judicious way to save money. For instance, installing power backup in an apartment or renovating a less used space into a mini-gym might be the much-desired add-on by a prospective home buyer.
3. Location – an essential aspect:
Discovering a great property in a right location always makes a huge impact on your real estate decision. It is the very first step in the making of a profitable business choice. Location of a property directly influences its price and future benefits.
4. Tax Implications:
Investing in real estate properties is a form of business operation. Understanding the ongoing tax reforms and its implications on real estate sector can assist you to save a great amount of money. Being aware of a variety of deductions such as mortgage interest, depreciation and operating costs can significantly assist you to finalize the deal.
5. Plan in Advance:
When buying luxury properties and residences, it is always advisable to plan in advance. One should always have a keen eye on the ongoing offers and realty trends in order to get high returns on their property deals.
Investment in real estate is a smart way to generate higher returns with least amount of risk. It must be nurtured like other forms of businesses until it matures!
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Stories by rubina angel