Post by eric123 on May 6, 2009 5:19:57 GMT
The purchase of a flat or property is one of the most complex and significant financial events in most peoples’ lives. Because of this complexity and significance, people typically delay the decision and/or seek help when buying real estate. This is especially true for the people in Kerala.
Before buying a Kerala flat or apartment, it would be wise to have a basic knowledge of the real estate market in your location of choice. You need to have an understanding of the neighborhoods which will best fit your needs and budgets. Familiarize with financing options available. It would make budgeting easier for the entire family.
It is important to have a clear idea of the type of home you would like. In this pre-qualifying phase, you need to also, determine how much you can afford to spend. In addition, if you are a young family looking for a living accommodation, then the locality and the proximity to schools and shopping centers has to be given adequate importance.
If on the other hand, you are a potential investor, look for a place where you find a renter easily. Until you decide to sell the property at some future date, the flat will be a good source of regular income. It is good to have a clear idea of the kind of accommodation people in the locality are looking for before you invest. For example, are most of the tenants bachelors or are they family? If family, how big is an average family? Etc.
Before buying a Kerala flat or apartment, it would be wise to have a basic knowledge of the real estate market in your location of choice. You need to have an understanding of the neighborhoods which will best fit your needs and budgets. Familiarize with financing options available. It would make budgeting easier for the entire family.
It is important to have a clear idea of the type of home you would like. In this pre-qualifying phase, you need to also, determine how much you can afford to spend. In addition, if you are a young family looking for a living accommodation, then the locality and the proximity to schools and shopping centers has to be given adequate importance.
If on the other hand, you are a potential investor, look for a place where you find a renter easily. Until you decide to sell the property at some future date, the flat will be a good source of regular income. It is good to have a clear idea of the kind of accommodation people in the locality are looking for before you invest. For example, are most of the tenants bachelors or are they family? If family, how big is an average family? Etc.