Nabil Patel Elucidates: Key factors that aid in streamlining a real estate investment decisionby Dynamix Group Writer
Real estate investment is a complex process that requires multiple lines of input and considerations. There are key advantages to opting for certain locations, and disadvantages to going with unregistered developers. Industry leaders such as Nabil Patel of DB Realty aid buyers throughout the decision-making process by providing clarity into new markets.
While these factors help align your decision better, it’s important to notice macro trends in the industry. Industry experts including Nabil Yusuf Patel share key insights on an on-going basis to empower buyers when entering the real estate market.
Surveying the region comprehensively
One of the best ways to ensure that you’re getting a quality deal is to survey the region comprehensively. This will help give you the right insights to make your decision more efficiently. While there are land based considerations to be made, a certain property may be more in demand when compared to its counterparts.
Surveying the region also involves understanding the growth of footfalls in local businesses, development of new roads, as well as increased numbers of schools and colleges in the area. These factors play a major role in the overall upliftment of the property purchased.
Property prices will fluctuate depending on the demand of certain property types within a region as well. That’s why it’s important to review what property types will perform better than others, when making your final decision in the space.
Effective budgetary planning
Planning your budget in advance is the key to ensuring that you get a healthy return. Under-construction properties may incur greater longer-term costs, whereas ready-for-possession flats may need more maintenance. When planning your budget, it’s important to remain flexible and open to new financial influx necessary.
Your budget will also depend on the type of property you’re aiming towards. Larger homes with greater floor spacing may require alterations to be made to the layout of the property. These factors will have to be captured in an effectively planned budget. There may be additional fees involved with the property procurement, which will then add to your margin estimates.
Quality of the property offered
Investors will need to review the equity of the builder in the marketplace, the quality of the property being offered, as well as the project scope. This will help them make the right decision, whether for staying or for investing purposes.
There is also the additional impact of amenities, society, maintenance and upkeep to consider. Builders that have invested significantly into maintaining a property perform better when compared to their peers. It’s ideal to work with these developers, as they have a more refined offering in the market.
Created on Aug 7th 2019 02:39. Viewed 426 times.