Amidst the market crashes and crises, real estate is a solid commodity. It gives you profits, appreciates in value over time, and makes a great investment choice.
Investing in Real Estate is a sound and profitable investment provided it is backed by proper execution. To make it big, you need to avoid some Real estate investment mistakes and stop throwing your money on properties without planning and execution into the property market.
Owing to the present scenario where a lot of economic depreciation is seen, smart investment can generate healthy returns. Investing in properties in the metro cities like Delhi, Mumbai or the flats and Villas in Jaipur will offer significant ROI.
However, the Jaipur real estate market is one such area where you can be sure of investing in properties in some major areas like Ajmer road, Jagatpura, Tonk Road, and Mansarovar. Factors like connectivity, presence of DMIC, work opportunities, and the housing market makes Jaipur an ideal investment choice.
Highlighted below are some most common investment pitfalls which shouldn’t be overlooked if you want to make steady growth.
Avoid these Crucial Property Investment Mistakes
If you are just stepping into the Real Estate market, making mistakes is inevitable. But with a thorough knowledge of the do’s and don’ts in real estate, you can pull off your investment game strong.
1. Not Doing Proper Planning:
One of the gravest common real estate investment mistakes you can do is jumping right in the property market without any prior information.
For a big win in real estate, you need proper planning and chalking out a plan according to the property you are investing in.
Winging your way through the steps of investing will not be helpful but rather will end up putting you in a dubious situation. Thus, it is important to have a carefully devised plan that includes paperwork, financial backing & future plans which you must follow throughout the process of buying, selling, and making profits.
2. Lacking Market Research:
Investment is a game of research before investing. Lack of knowledge about the real estate market can land you in an unpleasant situation.
It’s essential to know about the Real Estate trends and the upcoming market trends that will shape the future of the residential RE. Thorough knowledge of statistics, reports, and new updates from the experts will keep you ahead in the game.
Update yourself about what other builders are offering. Also, be aware of the government schemes to provide offers that coincide with them.
3. Trusting Unreliable Sources:
It doesn’t really matter if you are a first time home buyer or are a pro-player in the investment market, if you know the Property investment mistakes you must avoid them
While investment, you must be aware that not all online resources or builders are trustworthy. Thus it’s necessary to go to a builder that has been working in the RE market for a long Mahima Group and has a good background.
And Mahima Group is one such builder that caters to the needs of people and understands the market on a deeper level. With its expertise of 30 years in the Real Estate, they offer residential apartments in the locations which will see a rise in the future thus allowing the investors/buyers to enjoy a good ROI.
4. Not Calculating Finances:
Evaluating the cash flow and the expenses are one of the most important steps in any investment. When it comes to the Real estate, no one can skip the step of calculating finances that will flow out throughout the process of home buying.
Before investment, make sure you calculate the future EMI’s and go for a credit score check that will decide the loan, monthly expenses, and other related property-related factors.
Although you can consider the option of loans you should also take into account the pay-off of the loan amount, the interest rate and monthly installments to the bank.
However, there are many offers that Mahima Group is providing to ease the financial load. For example, Mahima Group provides exciting offers on buying a property like kiraaye se Azaadi, No EMI till possession, assured rentals and so on.
Moreover, they also offer some easy EMI options so that buyers can easily invest in flats or properties of Jaipur.
5. Choosing the Wrong Property:
Common Real estate investment mistakes can be your major setback while investing in a property. Before finalizing any property, here are a few things that you must check,
- Construction quality
- Post-sales services, and
- RERA certifications
Awareness about these little things will go a long way when you are investing in a property. If you are setting out to buy a home for the first time then knowing these tips will help you find the right property.
For instance, If you are willing to invest in flats then go for the flats in locations that will see a rise in upcoming years. Furthermore, if you are looking for investing in Villas then investing in the gated community villas will be an ideal choice according to the families.
6. Not Beginning:
Not all the people are risk-takers, some people also like to play safe, and to avoid these common Real estate investment mistakes they do not start at all. But, if one wouldn’t step into the water, they will never know about the depth of the eater and the same goes for investment.
Lack of confidence and knowledge is one of the major reasons why people are afraid to take their first step towards investment. And to overcome these fears, you must get in touch with an experienced builder who will explain to you all about the property.
Mahima Group understands the concerns of the investors can thus answer to each query of the buyer. This not only makes the buyer confident enough but also gives them a sense of trust.
The Last Words,
Real Estate Investment is one of the safest and most profitable investment areas. It is noteworthy that in India, the property market is expected to touch $180 million in the few years, making it one the best options for investment over other forms like SIP’s, equity funds, or fixed deposits.
But to invest safely, you must avoid mistakes like not planning property, a lack of research, trusting fraud builders, selecting the wrong property, and so on.
Hence, before investing your hard-earned money in any property, get in touch with Mahima Group to have all your property related issues solved.