[vc_row][vc_column][vc_custom_heading text=”Location is Vital in Real Estate Investment” font_container=”tag:h1|text_align:center|color:%23000000″][vc_column_text]If the location is perfect, then everything is perfect. It is all about location. It is a key factor in real estate investment. Whether you purchase a plot, an apartment, a flat, or a villa, location plays a major role in the investment of real estate.
TABLE OF CONTENT
1.Location is Very Important
1.1. Upcoming Developments
1.2. Level of Privacy
1.3. Standard of Living
1.4. Safety is Vital
1.5. Necessities & Services
1.6. On the Peripheries
1.7. Resale Value
2.In a Nutshell
1.Location is Very Important
Location should be the topmost priority. It should be the first factor that must be given prominence. Buying a property usually is a lifetime investment for many, hence it is very important to take the decision wisely. Even if one is planning to buy a plot and build it later, then also location should be taken care of. Today, Millenials have become a chunk of society and location has become vital for them. Let’s ponder over a few facts that support the importance of location.
1.1. Upcoming Developments
One should have thorough knowledge about the upcoming developments of the selected location. One should know if there are going to be any major changes in that area or adjoining areas. This helps in evaluating the property in view of long-term. Some areas develop at a faster pace and others take years to develop. Development of an area is reflected in its ROI. It is not only the present services and facilities but also the development plans of the area in future that can get good price value over the years. Plans for infrastructure, schools, hospitals, flyovers, etc can considerably improve property values of an area. Growth rate increases if there are ongoing infrastructure projects nearby. One should invest in a location that promises faster development in future.
1.2. Level of Privacy
One should know where he wants to invest, in urban, suburban or rural areas. Privacy and peaceful atmosphere depends on the location one chooses. Those who desire to stay away from the chaotic life of the city can move away from the city and enjoy the serene and green atmosphere of pollution free location. Only thing to consider is the location that should have potential for growth. Only such locations are good for real estate investment. If the investment is in a city, then the upper class or the upper middle class can opt for gated communities where one can relish luxurious amenities in addition to investing in a good location. The prices may be a bit high but one gets close to social infrastructure.
1.3. Standard of Living
Each one has his own lifestyle or way of living. One should buy a property in an area of like-minded people. The quality of life you desire depends on the needs of your lifestyle and that lifestyle should be there in the area of your choice. Have a thorough survey of the area to get a better understanding of the people before you finalize on any property.
1.4. Safety is Vital
Safety is another factor that should be given utmost importance. With the crime rate increasing everywhere, one should invest somewhere that ensures safety of your house even in your absence. Safety of the family also matters. No other place is safer than a gated community. One should travel and return home safely. If there are too many incidents of crime in a particular area, the prices of the properties may be low and lucrative. But it is not advisable to invest in such a locality. Nowadays gated communities are the best where security and surveillance is round the clock. A house is a place that protects us from all sorts of dangers. Hence it has to be in a safe location. Market value of a property also depends on the safety of a location.
1.5. Necessities & Services
This is another factor that is based on location. Basic requirements and important services like hospitals, malls or shopping centres should be close to your chosen location. One need not have to go too far for the essential requirements or special services. Proximity of important services is essential in selection of a location.
1.6. On the Peripheries
Nowadays when work from home is becoming the trend and schools have become online, one doesn’t bother about the commute time or nearness to schools and offices. Hence most of the buyers are moving away from the chaotic and busy city life and settling near peripheries. That is a good choice as long as they choose a location with the right factors. The civic amenities need attention if the choice is towards periphery. Gated communities will be the best choice if safety is considered. Moreover amenities are also more in gated communities. Good Time Builders have elegant projects with gated communities, where one can be sure of the perfect location.
1.7. Resale Value
One should also look into this factor. It is true that we don’t think of resale value in the moment of excitement but this is a factor that carries importance and cannot be ignored. So a property should be selected in areas with potential in future. There are areas where water gets clogged during rain and this situation worsens over time. This is becoming a regular feature in some areas and it is better to avoid such localities. One should see that the location of your real estate investment has good connectivity to the road even in rains.
2.In a Nutshell
As far as a property is concerned, whether it is a plot or a constructed structure, we can do whatever changes we desire to. We can change its interiors or can renovate it or add some extra construction over the existing one but what cannot be changed is location. Sometimes people ignore security issues if they are getting a property as per their requirements but regret later because property that is located in an area of criminal activities rarely gets the same value appreciation as compared to property in a safe neighbourhood. Location plays a vital role in investment. One may have to pay a bit more in a good location but the returns will be pretty handsome down the road. If the property is in a good location, then it will be in more demand and when the demand is more, then the returns are more. On the other hand if the property is good but the location does not have better prospects of improvement then the returns on the property may not be as per the expectations. So a right home should be in the right location. Good Time Builders are very careful in choosing location for their projects. They knew very well that location is vital if the investment is in real estate. Good Time Builders is the best choice if one desires to invest in property.
Real Estate investment is the best investment and location is said to be vital in this investment.
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Written by Nikhil Gattu[/vc_column_text][/vc_column][/vc_row]
