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10 Tips to Buy a Residential Property.pdf

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Buying a residential property in Indore and Dewas is a Good investment at this time However, you cannot ignore the fact that real estate investment can be a slippery ground if you are not well informed. So here are some important tips while you are buying a residential property in Indore and Dewas

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									10 Tips to Buy a Residential Property




       Experts say that buying a real estate property in In-
dore is a valuable investment at this time. Owing to this
advice, you can be naturally tempted to buy a house
soon. And your dream to be a property owner is not a re-
mote reality any more, thanks to the promising properties
developed around Indore by some top real estate compa-
nies.

       However, you cannot ignore the fact that real es-
tate investment can be a slippery ground if you are not
well informed. Hence it is vital that you be prudent and
mull over these expert tips before buying a residential
property.
1) Think long term when buying residential properties

Howsoever strong the commitments for quick returns, they mostly turn out to be false.
Short term gains in real estate industry are eventually costly because you cannot un-
derestimate the evident charges involved. So even if it is world’s most amazing deal,
you cannot hope big profits in short terms. Rather, it is advisable to think long term
when investing in properties for sale.

2) Small is good for the peace of your mind

A large accommodation is always lucrative to look and live in. But do we need to say
that you need an equally large loan to buy it, thereby making you pay a bigger EMI.
Particularly if this is your first investment, it is good to hang on a moderately sized
property and rule out panic.

3) Evaluate, before you buy a property

Any property for sale will be lucratively presented so as to woo customers. As a sensi-
ble buyer, you got the right to like the property for its construction, paint colour, doors,
etc. But you must evaluate the property in terms of its present and prospective cost.

4) Location of the property is important

If you are planning to buy a residential property in Indore but don’t intend to relocate
in it, better look for one at a commutable distance. This way you can have a close
watch on it, even if you rent it out later.

5) Role of residential properties professionals

Whether it is about buying a property or renting it out, it is always good to involve pro-
fessionals, such as a civil advocate, chartered account and a property broker. Their ser-
vices may come at a cost but the expense is well worth in multiple ways.

6) Flat or Floating rate of interest

Before you apply for the loan, give a good thought to the choice of rate of interest in
consultation of an expert, preferably a banker. This is because a wrong selection now
may prove costlier later because banks charge a heavy amount to switchover from flat
to floating, and vice versa.
7) Dedicate parking area

Allured with a property for sale, don’t forget to look at it from the perspective of parking
space. Whether you are buying an apartment or a bungalow, adequate parking space is
highly desirable.

8) Check property documents

Property ownership has long been the reason for many disputes and therefore, it is vi-
able that you check the chain documents before the deal is execute.

9) Keep investing in real estate

Duly realizing of the industry’s profitability index, you got good reason to consider buying
multiple residential properties. Dewas and Indore got a lot of potential in this regard.

10) Rely upon a good real estate company

There is nothing as soothing as buying a residential property in Indore from a profes-
sional real estate company. On one hand, this may simplify you to buy the right property
and on the other, you can be rest assured of good appreciation of your property.

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