Property buying for investment is considered safe and profitable from a long term perspective. But, it calls for a lot of forethought. Though, the online presence of prominent real estate developers can come to your aid in buying a home in any part of the country, but you still need to think and research. From optimum returns to easy maintenance, when buying a property to earn rental income you need to think about all this and beyond. If you are planning to buy a property for rent, then here are things, which you must consider.
1. The Cash Flow & Budget: When you plan to buy property for investment you should first consider the cash flow and then decide on a budget. Don’t plan your home on the basis of the rental income, alone. The EMI’s of your second home can be more than the rent, and there can be transition phases when your home will not be on rent. So, considering your existing liabilities and income, first decide on a budget.
2. The Right Location: After the budget is decided, the next priority should be given to the location. Houses are being constructed in every nook and corner of the country, city and area. But, analysing the right location is the key when you plan to buy a home from an investment point of view. If you want to give your home on rent to working people, then research in areas with IT and Business parks in the vicinity. Basically, if you want that giving a home on rent is not a tedious task, then look for options near office complex, educational institutions and near to the prominent areas of a city. The proximity to malls, airport and hospitals is also weighed, when buying rental property. You can get such details easily from the project brochure on the developers’ website. So, check the brochure, carry out extensive online and offline research, then decide a strategic location
3. Rent & Return Expectation: Once you decide the area, you should start checking the existing rent. It will help you have an idea about the rental income. In fact, try to do a futuristic analysis with complete details of expected rent in the near future and surge in the property prices. You should also carry out research on expected developments near the investment property, which can push the property taxes and rents in the coming years. So, finalize a project and property, which can give you steady and growing rental income, and appreciation of the capital value in the long term.
RERA Registration No. PRM/KA/RERA/1251/310/PR/171222/000914
4. Project with or Without Amenities: When buying a property for an investment try to take a project with ample amenities. Many people opt for rented homes for this one factor as it adds value to their lifestyle. So, look for luxury house for sale, which works well two ways, one that you can expect optimum rental returns and your home will usually be occupied by families. Look for projects with amenities like play area, garden, 24*7 security, water and electricity supply, walking track, and more, which can add meaning to a person’s every day mundane life.
Project Quality: Along with amenities, look for a project by a developer of repute and trust. You are making a home for investment and returns, and not to keep spending on its wear and tear. So, be sure of the house quality. But, do spare some money for time to time maintenance. If possible, look for the completed projects by the developer and plan a visit, so that you are sure of the investment property.
RERA Registration No. PRM/KA/RERA/1251/310/PR/170915/000204
Consider the above checklist when you start researching for your home for investment. If you are looking for such options in Bangalore, then you can view the upcoming and completed projects by Valmark. Being in the real estate business for over decades, Valmark is trusted for fine quality, luxury homes, which you will love to own. Our homes are a symbol of status and lifestyle. With amenities aplenty and locations chosen with care and caution, we leave no stone unturned in our endeavour of your wealth enhancement. You can view our splendid residential apartments in Bangalore near the city centre yet, afar like Orchard Square in JP Nagar and premium projects Off Bannerghatta Road like CityVille and Valmark Apas. For each of our projects, you can view the brochures online. We offer complete online assistance, as well, so you can start the process of home research and buying online, itself.