by
Mr. Kishor Pate, Amit Enterprises Housing
When
it comes to profitable investment, property is still one of the most lucrative
avenues.
Returns On Investment..
Profitability
is not a given, however – investment property must make sense from a
returns-on-investment point of view. In that respect, one must pick from
available options carefully.
To
judge whether investment property will deliver the goods in the long run, one
must consider many variables. Paying attention to these will maximize resale
value in the future.
However,
the first aspect to factor in while buying an investment property is location.
Location,
as professionals know, is the most decisive factor in property investment
 |
| Mr.Kishor Pate |
What
makes the perfect location?
One
should not judge only by the actual site of the investment property, or / even
its cost.
Plot of land and property rates differ from
area to area, and this is an important consideration as far as the resale value
of an investment property is concerned.
Overall Investment Value..
The
general state of the locality is important in terms of overall investment
value.
Next,
proximity to major highways & roads is desirable for investment property, because ease of travel & supply of
essentialities adds to a property’s value.
The
ideal location for a residential investment property would be somewhere towards
the centre of the residential neighbourhood, where large vehicles do not have
access.
While
judging the locality of a residential investment property, the existence of
proper communal infrastructure should be ascertained.
Facilities
like shopping and grocery outlets, schools, public transport, medical
facilities and means of entertainment should be close at hand.
Surrounding Infrastructure..
The
worth of a constructed residential property is not decided merely on the basis
of plot of land value. But, also on the surrounding infrastructure that adds to
the value of a location.
The
value of an investment property will appreciate over the years only because of
the overall conveniences the property and its location will provide to future
buyers.
For
a commercial investment property, proximity or / ready access to local business
hubs works best. The existing mix of business occupiers plays a vital role, as
does the presence of business-centric facilities like telecommunication
services, a post office, public transport, Bank etc... A commercial investment
property that is also close to a residential hub is ideal, since this means
that there is balanced real estate market growth in the locality.
Long-term Profitability..
While
buying an investment property, one should remember that property investment
should be based on long-term profitability objectives. Speculative property
investment harms the sector and can often lead to personal financial loss,
especially if one has not judged the market properly.
About
the author..
by Mr. Kishor Pate, CMD – Amit Enterprises Housing Ltd.
For
Media Contact
Mr.
Jay Kalghatgi - Client Interface - CopyConnect
Mobile:
9320142248
No comments:
Post a Comment