While zeroing in on a residential property, there are three prime aspects that you need to take into account: the location advantage, quality of facilities and amenities in the project, and brand value of the developer.
The last aspect is more important, considering several advantages when buying a property from a reputed builder.
Guaranteed Safety of Your Investment
Buying a home remains a dream of a lifetime for many. However, it would help if you did the maths in advance regarding the budget and the arrangement of finances for the equated monthly instalments (EMIs).
Nowadays, many developers extend a scheme of pre-payment of EMIs, which help in curtailing the interest burden and monthly EMIs.
If you are opting for this facility, choosing a developer wisely is pertinent to ensure your investment’s safety. In this regard, developers of repute who are transparent and with strong financial backgrounds need to be considered.
Those looking for a residential property offering immediate possession and having the requisite finances arranged can look forward to buying a 2/3 BHK apartment in Electronic City from a reputed builder.
Brand Value Underscores Quality Assurance
Of late, you are most likely to find many choices considering several housing options available in the new growth corridors. For instance, there are several flats available for sale in Bangalore.
A home remains an asset and a space offering refuge, comfort, and security, which are the three mainstays of the lifestyle living experience. If a project can tick all the boxes to a satisfactory level, it is only then that you should consider putting in your money.
Reputed developers are known to provide these advantages as part of their standard value offering, considering that their brand value is important to them. For example, several reputed developers are offering flats for sale in Electronic City.
Better Rental Yield and Capital Growth
While shortlisting prospects for purchasing a home, you need to consider that the final selection should extend a lifestyle living experience beyond the ordinary.
You must remember that buying the right residential property is not just about the present and future comfort but also a good investment growth prospect.
Residential projects available in well-connected locations, developed by reputed developers with substantial amenities and facilities, will always offer better rental yield and capital appreciation in the long run.
There are various apartments in Bangalore that offer sound buying and investment options.
Track Record Matters in Long-Run
As a homebuyer, you may get carried away by the various seemingly attractive offers doled out by various developers. But unfortunately, a few realty players also try to lure new customers with astounding rate cuts on their projects, hoping to generate higher footfalls and faster sales.
However, it would help if you were wary of such offers. In most cases, such offers are extended to projects in the earliest stages of development. Also, there are chances that there may be hidden costs or features that may not be in the best interest of homebuyers.
Therefore, you must assess the developer based on their previous track record and study the projects completed by them.
Moreover, the cost should not be the only aspect that should be weighed while deciding to buy a property. Ideally, the price aspect should be the last one to consider, as once committed to a particular developer or project, as a homebuyer, you will be tied to their choice.
References
https://www.investopedia.com/financial-edge/0410/the-5-factors-of-a-good-location.aspx
