Real estate is by far the most secured investment option which remains relatively immune against market fluctuations.
If the economy drops and the finance market becomes sluggish, it is bound to create a damaging spell on the real estate market. But that has got nothing to do with its price. What can happen at the most is that the demand for properties fall and no new houses get selling pitches.
But you can remain assured that this is a transitory phase which is sure to fade out and the real estate market would bounce back to its normal. This range of ‘positives’ has created an all-time demand for properties.
However, there are many myths regarding real estate too that you may hear the moment you say to your agent ‘Show me the greater noida property rates’ or elsewhere.
A widespread myth is that you have to be rich if you want to invest in a property.
This is not true because different properties come with varying price ranges and accommodate the pockets of different property investors. Secondly, you can also avail the facility of home loans for buying a property of your choice.
All you need to do is be methodical and set aside some amounts every month from your income as your savings. Put yourself into a timeline by when you will buy a property.
With this approach, you will surely find that you can be the property owner too, despite not being a millionaire.
When you sell a property located in a posh locality or at the heart of the city, it will give you great returns. On the other hand, a property located at the remotest corner of the city will invariably have a lower selling value.
But this does not conclude that property investment in a developed area can only draw handsome returns.
You have to compare the capital investment required for buying a property in a remote area with that of another property in a posh locality. You will find that the ratio of investment and returns remains constant in all the cases. This will help you decide what is right and what is a myth.
This is not true. Rather, it is completely opposite to the truth.
The brand name is synonymous to credibility and trustworthiness even in the real estate industry. If you make your investment in a property manufactured by an ace and well-known realtor, you can remain assured of the quality of the construction. You can also stay assured that finding a buyer for this property will also not be a problem.
