4 Things That Make You A Smart Buyer

By Author: Akshay Argade
Total Articles: 38
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Real estate has always been a lucrative investment for centuries. Those who could nerve the future made some smart investments. Today, we will try to understand what are those things that can make you a smart investor or a buyer?

1. The type of property: You will find various types of residential properties like apartments, builder floors, residential plots, villas, pent houses, high end luxury apartments Navi Mumbai etc. So, the first thing is to understand that each type comes with some pros and some cons. Look out for those things that fall into place for you like budget, reason of purchase, security, connectivity, etc. After looking at all these aspects, a smart buyer that is you will zero down on the type of property to invest in.

2. The Locality: Investing in high end luxury apartments Navi Mumbai has always been the dream, but it poses its own limitations. Budget is a major constraint for many. However, don’t be disheartened as there are many other good options also available. Look for areas where there is good connectivity, nearby market areas etc. Awareness about upcoming infrastructural projects is ...
... also important. However, solely buying a property on the basis of infrastructural projects does not make sense as we all know that infrastructural projects take either too long to start or too finish or sometimes get entangled in various litigations and bans. Looking for a real estate agency in Navi Mumbai will also help as they know the area better and can help you crack a good deal. A healthy mix of all these will help you choose an ideal location.

3. The Builder profile: The credibility of the builder is also of prime importance when deciding to invest. Even if you are getting your dream property in your budget and location, it is very important that you cross check the credentials of the builder. There are times when even renowned builders have failed to deliver. Check for the builder’s affiliation with CREDAI or like-minded governing bodies working in your state. Check their past projects, the delivery time, the construction material etc. In this age of technology, you would even find forums where people talk about real estate, or a particular builder etc.

4. Last but not the least, the Finance: We should have discussed it earlier. If you don’t have the finance, talking about everything is baseless. Giving away an EMI more than 40 % of your monthly income does not make sense. Check your current financial liabilities like insurance premiums, education loans etc. This will give you an exact picture of what is coming in and how much can you spend.

If you keep these points in mind while choosing your dream property, you will make a good investment for sure.