The decision to invest in real estate is not easy. A minor negligence in the decision making process can cost you a lot and might even derail the family’s financial planning. Hence, it is always advised to dig out potential answers to some important questions that can help you shape the right decision for investing in the ready to move flats in Ghaziabad.
a) Are You Able To Afford Home Loan EMI? You must know whether or not you can afford the EMIs of the home loan. If you do not have other loans, the EMI should nearly be 40% of your net household income, or else it’ll put your budget under pressure. b) Have You Done The Analysis Of Buy vs. Rent? Depending on your budget and savings, you must analyze which is a better option for you - rent or buy. You can do your research or use rent-or-buy calculators to smoothen the task. c) Which Will Rise Faster - Property Value Or Interest On Loan? If you have applied for a home loan and are buying Raj Nagar Extension flats just for investment, you must assess whether the price of the property will rise higher than what you are supposed to pay for the home loan. For example, if the property rate is appreciating by only 5% and you are paying 10% on the home loan, then it is a bad deal.
a) What Is The Actual True Cost Of The Flat? Ask the builder about the cost breakdown of the flat so that have a clear idea about the actual cost of the property, which generally includes GST, plc, parking rent, and other statutory charges. b) Will Be The Legal Documents Be Made Available? To make sure there are no complications in the ownership of the property, for example, 2 bhk flats in Raj Nagar Extension, you must ask if the following documents will be made available.
c) What Are The Future Prospects Of The Location? You must enquire about the future growth prospects of the location to ensure that you enjoy long-term benefits of living at an ideal location. Ask about the blueprint of the premises, general neighborhood, locality, floor plans and road accessibility. These questions will help you filter your choices and select the right property for investment. So, do keep them in mind.
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March 2020
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