Top 10 Myths in property Investment

It not only about the finance however there are many other parameters rather we call them myths about the realty sector which impacts the buyer decision at the end.

What does Saturation means and does it really exist?

A buyer has this myth always in his mind that the price of land increases without any decline especially when it is located at the center of the city. However this is absolutely wrong, every location gets depreciated when it saturation comes. It is never a good thought to expect a rise always from the location.

Infrastructure increases property prices

As per the infrastructure the rental value can increase, if customer wants to resale the price can vary however the capital value of the property will remain the same, it is not that if there is a more infrastructure then the prices will touch the sky, the capital value of the same always remains uninfluenced.

NRI Investments

It is not that NRI’s look for luxury apartments because taking luxury apartments can never gives a source of income, luxuries always demands the high rental value which people hardly bear and they want to pot for affordable flats, on the contrary NRI’s look for source of income as well as maintenance of the flat which is possible when it gets rent out. So it is not necessarily that they go for luxury flats as renting them out always is a challenge.

Interiors chase the prices

Customer think that doing the interiors can push the price of the flat however it is always a possibility that customer will re do the interiors as per their own preferences, and the money as well as the energy is wasted because interiors hardly increases the price.

Real Estate Prices Never Falls:

Saturation is different if we go towards the basic understanding and price fall is altogether a different concept. In real estate prices hardly fall however it gets saturated after some point of time.

Discounts affect the overall price:

It is just a myth that discounts affect the overall price of the product; it is always borne by the buyer however in different form like other extra amenities and facilities. Yes however if the difference in cost is evident and you are getting such opportunity then don’t let it go!

What is Best time to buy a property?

In real estate there is no right time to buy the property, every second and every time is good there is no special consideration. There are many big realtors like Mr. NK Gupta CMD Manglam Group says that every second is important in real estate, every day is a good to buy flats in Jaipur because by the time customer thinks and decides to buy the prices of the land has been already got up.   

Greens Homes are way too high!

It only adds up to 15% of the cost no more than that.

Top floors carry a lot of premium

In big cities like Mumbai it is a craze however where the buildings on heights and penthouse is still not a preference there it does not carry a heavy premium.

Invest as per the availability of cash not according the age.

It is just a myth that early age can give you losses, the availability of cash and right decisions can give a lot of profits!