One of the primary goals of every real estate investor entering the sector is to make profit. Whether it is to obtain the best deal while purchasing a home or receiving maximum returns while selling it later, profit drives every real estate transaction. Especially in the current scenario where getting home loans has become more comfortable, buying a home can prove to be lucrative.
If you are looking to purchase a property complete with modern luxuries, like the one PBEL City in Hyderabad has to offer, here are some tips you can use to maximise profits on your property deal.
Understand the market before investing
If you are a first-time homebuyer, it is essential to spend a considerable amount of time to understand how the real estate market functions. Get acquainted with terminologies used in contracts and observe property trends for any masked opportunities and losses. Returns from real estate differ from city to city. So, you may want to get an idea of factors that could affect prices of properties you are interested in.
Consolidate your finances
Before investing in real estate in Hyderabad, consolidate your finances and decide how much money you can set aside for down payment of the house. A more significant down payment would mean shorter loan tenure with smaller EMIs. Moreover, a bigger loan could lead to a financial crunch. Therefore, it is a good idea to consider your income and expenses before finalising a property. You should consider purchasing a property, where the repayment is below 40.0% of your net take-home income.
Start researching options
If you are looking for flats in Hyderabad, it is a wise choice to do thorough research of major builders and developers responsible for premium projects in the city. Don’t be tempted to strike a deal solely based on lower rates. At the same time, don’t hesitate to negotiate your way to decent pricing. The more you get to know the industry better, the sooner you will be able to come across lucrative deals.
Buy property you can rent out
If you are considering buying a property like an apartment in PBEL city in Hyderabad for investment purposes, you can reduce the burden of loan as you can use the rent from your tenants to pay off home loan EMIs. You can even make a decent profit between 10% - 20% depending on how much you charge for the rent. Not to forget the capital appreciation you can enjoy in the future.
Consider commercial realty
If your purpose of purchasing a property is solely for investment, commercial property can be a good bet too as it can provide superior returns compared to residential properties. You can consider assured rental options where you can sign a lease period of 6 to 9 years with a tenant.
If you need financial assistance in purchasing a property, you can avail a home loan from Bajaj Finserv Homes & Loans that offers loans up to Rs. 3.5 crore on easy EMIs.
Summary
To sum up, investing in real estate can be a lucrative decision if you act judiciously. It involves deep understanding of the real estate market by studying trends in the past and predicting property price fluctuations in the future. Once you get a hold on how the market functions, you can chalk out your finances and analyse how much capital can be raised for the down payment of the property. This will ensure you don’t have to use your savings meant for retirement.
Furthermore, look at all property options and read the reviews of past homebuyers to finalise a housing project. Another way to maximise your profits in the real estate world is to invest in properties you can rent out.
If you are looking for properties in Hyderabad, the PBEL city is a mega township sprawled across 25-acres of land offering a world-class standard of living. The housing project comprises of over 2500 apartments spread across eight magnificent high-rise towers that are a true definition of comfort and luxury. Some top-of-the-line facilities and amenities are a banquet hall, kids play area, clubhouse, security, and gymnasium.
Investing in right properties can help you in maximizing your profits. Reach out to Bajaj Finserv Homes & Loans which offers home loans up to Rs. 3.5 Crores. It comes with flexible loan tenors and easy EMI payments.
