Factors That Help To Enhance The Property Value | Good Time Builders

By Author: Nikhil Gattu
Total Articles: 21
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Real estate is known as a low-risk investment and an asset that fetches handsome returns. Over time, a property should get some appreciation in the value but to get good returns a few factors have to be taken into account that enhance the value of the property. Good Time Builders have proficiency in the field of real estate and know how the property market works and what really chips into price appreciation in the property market.

1. Factors That Help to Enhance the Property Value
A number of factors help to enhance the value of a property. These prices tend to rise if there is an increase in demand for properties or if there is a reduction in their supply. Supply and demand are inversely proportional. It is essential to check the price appreciation potential of a property before you purchase it. An asset is a source of financial security; hence you should check a few factors that enhance the property value.

1.1. Infrastructure and Connectivity
The infrastructure development of a place has a major role in the price appreciation of a property. The presence of roads, airports, flyovers, ...
... malls, bus terminals, and other facilities in the vicinity of the property helps to enhance the value of the property. A few other factors also serve as growth drivers, like new connectivity, transport, road, transit hub, etc. These developments are expected to increase the population of that area and ultimately the demand for property. The growth of population in a location results in increasing demand for housing in that area and this, in turn, will enhance the value of the property. It escalates appreciation in real estate prices. Social infrastructure development in the local neighborhood is also essential to enhance the value of a property.

For example, the land which had very less value prior to the development of ORR soared up to as ORR began to develop. The physical and social infrastructure of a location helps to enhance the property value.

Connectivity is also an important factor that helps to enhance the value of a property. Investment should be done in properties that are well connected to entertainment hubs, medical facilities, educational institutions, retail markets, and business centers, along with other day-to-day facilities.

1.2. Presence of Amenities
The demands and necessities of life have transformed with the new norms. The present generation earns goods and wants to live a comfortable and luxurious life. Simultaneously the builders also have to accommodate amenities as per the demand of the home buyers. Good Time Builders also walk with the trend. They have also incorporated an array of amenities in their ventures, the Lakeside Enclave at Isnapur and the Waterfront Villas of Patancheru. The presence of amenities enhances the value of the property. The more the amenities, the more the enhancement in the values of properties!

1.3. Economic Conditions of the Country
The economic conditions of a country get affected due to various external factors and these play a vital role in the value of a property. The economic conditions got worse during the pandemic and that was reflected in the value of the properties. The builders had faced terrible issues with their inventory and later with acquiring the raw materials. All these factors had shadowed the rates of the properties.

If the overall performance of the economy is showing progress, then more people can afford to buy a property. This again leads to an increase in prices. Supply and demand also play a key role in real estate.

1.4. Interest Rates and Policy Changes
The cost of borrowing loans for homes also helps to enhance the property value. If the cost of borrowing is more, then more people cannot afford to invest in real estate because the EMI’s get higher. Hence the demand for homes decreases. Similarly, when the home loan rates decrease, as it is at present, where the repo rate is going low for the last many months, affordability increases leading to higher demand for residential property purchase. The cheaper cost of borrowing brings more buyers to the market, thus developing more demand and appreciation of value. Interest rates help to enhance the value of the property.

Reductions in stamp duty rates, circle rates, GST rates, income tax benefits, etc., directly impact the real estate. People developed a lot of confidence in real estate after the introduction of RERA. Things became more transparent. It is a fact that policy changes also help in the overall development of the real estate sector.

2. To Conclude
A lot of factors contribute to the enhancement of the value of a property. Various market drivers play a crucial role here. The location of the property is an important factor that gets linked with connectivity and infrastructure. Availability of public transport ensures that the location is accessible to and from different parts of the city. The proximity to essential services like educational institutions and hospitals should be in proximity. When you purchase a house you should always keep in mind a few factors like infrastructure, connectivity, and amenities that can enhance the value of your property. The other factors are of course not in our hands like policy changes and the cost of borrowing.

Good Time Builders choose a location that can enhance the value of the property in the future and fetch good returns to the investors. Their locations have growth potential. The Lakeside Enclave of Isnapur offers a combination of flats and villas in a locality with all essentials in proximity. This is a sustainable location and is in demand. Patancheru, where the Waterfront Villas are located, is one of the sought-after residential localities. It is situated in the northwest zone of Hyderabad. Its excellent connectivity and infrastructure help to enhance the value of the property. The amenities of both ventures are also a reason that can help to get good returns.

One should always purchase a property in a locality with futuristic potential. A property is a security for the future and an asset for the coming generations. Hence it needs a lot of precautions and information before you finalize a property.

Written by Nikhil Gattu

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Tejaswi NIKHIL GATTU, with his vast industry knowledge and his hands-on approach, he is able to guide the company in delivering complex large-scale projects with utmost dedication and passion. He instills a positive work environment, through his motivation and mentorship. He has a degree in business management from Central Queensland University Australia. He is an ardent reader, traveler & his Interests include sports, social causes, cultural activities, etc