Points To Consider When Looking For An Ideal Location For Property Investment

Time and again the topic of the need to start investing in the future asset building comes up with your family. In India, the savings form a building or a bank account. Hyderabad is an ideal location for property investment. Being a technology hub and accommodating the top multinationals, it attracts people from all over the world. Amongst the multiple real estate developers that pay heed to all that is required to make a home, Ashoka Developers and Builders is a known name that provide fully furnished feasible apartments in Hyderabad. 

Now that we have peaked your interest to invest in a viable property in Hyderabad, below we list a few pointers to keep in mind considering the location before you shell out all your life savings in a brick and mortar.

The future of your investment- When you invest in real estate, you expect a good amount of return in the future. The future of the investment should be one of the main factors considered when investing. The kind of projects that are coming up around your property in future is one such information which may help in deciding whether your property will be attractive to potential tenants  or not. The upcoming projects can be found out from the municipal planning department in the area. Incase there is a condo or an affordable apartment being built in the area it would be advisable to not buy property there as a tenant would prefer that over other options due to which you may have to lower prices. Look for an area which lacks what your building offers maybe in terms of a good design or an advanced facility. Ashoka’s 3 BHK Luxury Apartments provide the aesthetics that we are speaking of here.

Neighborhood- There is a very famous Czech proverb that goes- A good neighbor increases the value of your property. We couldn’t agree more. The neighborhood will attract the right kind of tenants and also the number of times your property is vacated. Suppose there is a hospital nearby, the kind of potential tenants you can expect or will be in houses around yours would be Doctors or other hospital staff. It is safe to say that a neighborhood determines the stature of a locality and the future occupants. For this, a tour of the area is a must to determine the kind of people living around and a quick conversation with the locals there will help in the decision.

Institutions- It is usually preferable to rent our properties to families over single people. There is a communal sense of comfort in knowing a family will create fewer disturbances over a bachelor. Deciding the kind of tenant you require, look for places which offer the facilities they would be interested in. If family is the ideal tenant for you, look for a location which is in close proximity to an educational hub. Areas around Highly reputed institutions attract high numbers of tenants and also the pricing is higher around such institutions.

Intensive research- Once you set your sight on a property, it is imperative to get into the depth of the area and the listing details. If there is a high number of listings, delve deeper into the matter and question why a viable property like that not getting enough offers from people. Listings, if appropriate sell like hot cakes. Is it a residential area or find out the problems that could be associated with it by asking around. The problem could lie deeper than what is shown to the eye. With Ashoka Liviano, one does not have to worry about the reason for sale. Their 3BHK flats sell as fast as they come.

Unlawful activities history –When we visit a property, we always ask one question which is related to safety. The same will be the case with potential tenants. The broker to sell the property may vouch for the safety of the locality but can you really guarantee the security of the neighborhood without asking further. Check the statistics of criminal activities in the area. Besides, also check for the security around the area-the number of times the police patrols the area or how close is the police station.

Hyderabad has been rated as one of the top safest cities in India according to Mercer. What could be more attractive to a person for who safety is the main concern.

Visit the locality at different times or stay in the hotel around the location to get an idea of a normal day of the locality.

Long term opportunities

According to Mercer, Hyderabad has the best quality of life. This may be one of the reasons which attract the top technology hubs to put up their offices here. Every year, Hyderabad sees an influx in the number of people coming in looking for a place to rent due to being relocated in the city. As proven in the past, a property that is around a corporate hub has the potential to earn big due to the number of people relocating. There is a huge demand for 3BHK apartments in Hyderabad.

Visualizing the future

Consider your reason for investment. What is the long term goal of the property and the return on investment? Create a plan according to the investment prospect you are making. Consider the rate of appreciation and the inflation overall. If the cost of rent is low, does break even with the amount you invested. Consider the taxes and the overall long term plan. Research the prospects and the return well in advance before taking the next big step.

If the pointers above are kept in mind, besides the other factors when Buying A Property, a time won’t be far before getting a return on your investment in a 3BHK apartment in Hyderabad. So don’t delay the search further and contact us so we can help you in the best possible way.