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Saturday, July 10, 2010

How to buy real-estate




Investment in real-estate is a good idea in the wake of inflation and various uncertainties prevailing in the Economy. Though population grows rapidly, the land never grows and the real estate enjoys an ever-increasing demand.  But all land available on earth is not equally good for investment as some are more habitable due to availability of natural resources and better living conditions.  In modern times, people go for readily built living accommodations with all amenities readily available rather than acquiring land and engage in constructing one.  So the concept of flat, villa and apartment is very much in vogue and one should chose his preference depending on the budget.  While selecting one for accommodation or investment purpose, there are different guidelines to be followed.

First of all, the location of the project should be good, free from all disturbances in an agglomeration of progressive thinking communities where peace and tranquility prevail. It should be a fully developed area in respect of infrastructure with healthy surroundings. For example, a living accommodation near fish market or slaughtering house is never favored.  All facilities like school, community hall, hospital etc should not be far away. There can be more conditions depending upon individual choices. 

After selecting location, various projects available there may be surveyed. Now, we can shortlist them depending on the budget. Make negotiations on the purchase price and find out which one is profitable. Seek the help of experts in the field while defining area and size of the tenement , and for the calculation of its cost.  After finalizing entrust the work of documentation to a legal expert.
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