Is it good idea to buy a flat?

Is it good idea to buy a flat?

Is it good idea to buy a flat?

Honestly Bangalore flat prices are a little higher but 'Is buying a flat in Bangalore a good investment,' this one thought has come to the mind of many. ... If you are looking to invest in major commercial and residential areas then you need to shell out a big amount of money.

Do flats have resale value?

The resale flats might be as good as new and can be obtained at a discount of no less than 10% of the price of a novel construction. Rahul was tired of shifting flats due to the ever increasing rental rates in Delhi until he decided to invest his money in purchasing a resale flat.

Is it worth buying 30 year old flat?

If the building is located in a good locality one can get an old apartment at a lesser price than a new one. Besides banks allow maximum repayment period for 30 years in a home loan. So if quality of construction is good one may purchase an old flat at a lower cost than a brand new house.

How many years lease is good?

As a general rule of thumb, if the lease is less than 90 years you should almost certainly try to extend it because: Properties with shorter leases are less valuable than ones with long leases (this is particularly true if leases are below 80 years)

Is it a good idea to buy a flat?

Buying a flat in the city is a good investment idea that can generate a decent rental yield as the years go by and can serve as a good source of retirement income. If the objective is pure investment return for the present, and he plans to buy and sell, he needs to choose the locationand the property very carefully.

Which is a better investment house or flats?

Ask anyone who invests and they will likely have an opinion on the “house or flats” debate.

How much money can you make by investing in a flat?

Still by our personal calculations, you can make anything between 3-5 Cr after 20 years \U0001f609 depending on your Smartness. Moreover, after 20 years you will be sure enough where you want to settle down and hence making an investment after 20 years sounds wiser than investing now in flat.

Which is better buying a plot or an apartment?

This makes buying a flat a good proposition. While it may take some months or even years to get the possession of an apartment, plots are usually ready for possession. If your choice of plot is part of a township, you are likely to get possession of the plot earlier than a flat. Experts say that plots appreciate faster than apartments.

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