The words Real Estate Investment can’t just be used in a passing conversation. Nor, does it sound like something people would deliberately want to chat about. It comes with a sense of load that none of us is willingly to take.
However, be assured it isn’t as daunting as it sounds. By the end of this reading, you will know what is real estate investing and how to invest in it.
It is said that the rate of property appreciation is on a rise, that is beneficial is you are looking at refurbish, reselling or renting. And if you are not, PropShala lists the most lucrative opportunities out of all Real Estate Properties in Kolkata for you to choose from.
Sound decision making will help you invest in what is best for your requirements. You can find all the required information pertaining to a property in Kolkata on our listings, however, to double-check follow the below-mentioned process and invest in what is best for you!
Why Invest in Real Estate-
Extra earnings in the form of Rental Income- Would you ever say no to an opportunity to increase your earnings ethically? Property value increases over time so the value you rent it out for will be more than what you had invested initially. The difference is your extra earnings.
- Value appreciation and profitability- Value of land and property tends to increase over time and with a good investment the scope to profit increases.
- Tax Benefits- Numerous tax benefits and deductions are provided by the government for you to cope with during Real Estate Investment and even after that.
- Leverage- You get the house upon paying a certain percentage of the entire amount, called the down payment. The life of payment thereafter is stretched and you get that benefit along with getting a house.
- A home to call your own!
How to invest in Real Estate Properties in Kolkata-
- Identity where you stand financially- It is a one-time costly investment so you don’t just have to know your current affordability but also analyse where you might stand in the future. Make sure you have a good credit score or works towards upscaling it. More customer-friendly lending processes and government benefits will assist you here.
- Depending on step 1, choose your investment strategy- Be clear on the purpose of your purchase. Your strategy needs to be an educated pick. Evaluate all related circumstantial factors before boiling down to one. Know what is valuable for you because requirements are quite subjective.
- Property Selection- You need to perform prior research to ascertain a suitable locality for buying property. Your research must consider factors such as Price, Locality, Specifications of a property among others. Availability of transportation, amenities in the vicinity, like schools, hospitals, shops have an influence on the worth of the property and should also be considered while making investing decisions.
- Be conversant with your Agent- Know before you own. We trust the properties listed on PropShala as well as its listers, find answers for all your property-related questions.
- Create maximum utility of your investment- Value of a property appreciates with time and can you maximum returns if kept in good shape. Remember to treat it as an investment and not an expenditure.
Real Estate Investment in Kolkata is generally a lucrative venture, however, it is not always risk free. Legal hurdles and disputes are common in India.
That being said, considering the government’s motto of Housing for All and PropShala’s efforts towards getting you the best real estate property in Kolkata, we are sure you can find what you are looking for with us!