Still looking for that dream home in the big city? A successful real estate investor buys into the future real estate trends.
Consider your segment before you start hunting the property-
Apart from high-end amenities and technology, you must know a luxury home has other important attributes.
When buying luxury home, consider cubic foot along with the square foot. There is no such thing as a luxury home with 8.5 foot ceiling. Ceilings should be 10-14 feet high.
Good architecture retains value- do some research on the who’s who of architects and developers. Go for the ones which have the brand value and recognition in super-rich real estate market.
Luxury homes with unobstructed views and natural light are more desirable and fetch high resale value too. The openness to a view from window is more important than outdoor space.
Practical layout is important factor in luxury lifestyle. Go for layout that marks clear separation between your social and private areas.
Mid-segment & Affordable Homes
The demand for mid-segment and affordable housing is in upward swing in this decade.
The green integrated townships are bridge between high-end homes and affordable prices for the mid-segment buyers. With super-infrastructure and superior lifestyle amenities, township caters to every need of the buyer within its boundary. Yet, the townships connected to the heart of the city should be the first preference.
When buying affordable home look for basic, no-frills amenities, location at a reasonable distance from workplace, low maintenance costs and lower interest rate on housing loan.
Reputation of the building is also important. If it is full of renters and transients, there is little respect for the owners. Plus security and other basic amenities are compromised.
The cities like Pune, Nagpur, Navi Mumbai, Hyderabad buzzing with IT and manufacturing industries are the major grounds to hunt for affordable housing- where flats can be bought within the budget of Rs 30-50 lakh.
Whether you are a big or small investor, you shouldn’t compromise on any of these 5 things-
The right buying decision is important- Invest where people will want to live in the future.