Invest in Real Estate, but NOT UNTIL you ask these important questions

You probably have been considering buying property for quite some time now. However, have you considered certain factors that can impact the most important investment decision of your life? Why not ask yourself these questions and see if you have the right response to them, well ahead of your home purchase? After all, it’s better to tread cautiously than regret later.

Ask yourself these pertinent questions before you go on a house hunt:

1. Do I buy a plot of land or an apartment?

The answer to this depends mostly on your financial capacity first, and then on whether you need the property as an investment or for own use? A plot is available for even as low as Rs 10 lakhs; however, it comes without any immediate returns since you cannot rent it out. Also, there is the additional cost of constructing a house. An apartment works out best if you want to live in it and save on rentals. Plus you can also rent it out and earn tax benefits from it.

1. Ready to move in or under construction apartment?

This decision is dependent on whether you want to move into your own home immediately or you can wait for a few months. The perks of a ready apartment is that there’s an abundant supply of enchanting homes in the city to choose from ranging from 2, 3, 4 BHKs to villas and row houses. You should check the plethora of exciting ready to move in ultra-modern luxury homes – HM Tropical Tree http://www.hmconstructions.com/projects/details/hm-tropical-tree

HM Grandeur http://www.hmconstructions.com/projects/details/hm-grandeur, HM Indigo, http://www.hmconstructions.com/projects/details/hm-indigo as well as HM Gladiolus, HM Astoria and HM Cambridge Square from HM Constructionshttp://www.hmconstructions.com/ in all sizes and price tags to suit your pocket. Remember, a ready to move in an apartment is your best bet yet because you don’t require to pay any GST, which you need to for one under construction.

1. Have I done enough research on the project and developer?

Now that you’ve decided to go in for a ready to move in, the next step is to jot down a few locations that are close to yours and your spouse’s place of work or your kids’ school. Then look for ready projects in these locations and research the track record of the developers. Check out the previous projects and if possible, speak with the homebuyers. With leading developers like HM Constructions http://www.hmconstructions.com/ having a distinguished reputation of 30 years and over 60 projects to their credit, making that all-important decision should come easily. Take a walk through the various luxury offerings at HM Indigo, http://www.hmconstructions.com/projects/details/hm-indigo as well as HM Gladiolus, HM Astoria and HM Cambridge Square, and uber-luxury apartments HM Tropical Tree http://www.hmconstructions.com/projects/details/hm-tropical-tree

HM Grandeur http://www.hmconstructions.com/projects/details/hm-grandeur, and you’ll know what we mean.

1. Does the project have all clearances and clear title documents?

Ensure the developers have all land titles deed and clearances such as environmental, fire safety, encumbrance certificate, and other such aspects of ownership in place.

1. Can I afford the property without hurting my other necessary expenditure?

Don’t get carried away by the beautiful home and go beyond your budget. Keep aside a contingency fund and factor in other essential expenditure such as children’s education, car loan, holidays, etc. before you buy the property.

1. Do I have enough finance for the down payment if I’m taking a loan?

Since lending institutions sanction 85-90 per cent of the house cost as a loan, you need to pay up the rest as a down payment to secure the loan.

1. How do I choose the best lender and tenure?

While you can choose the loan repayment tenure depending on your future financial strength, compare the interest rates of various lending companies to make a prudent choice. Developers partner with established banks to help homebuyers buy an apartment in their projects.

1. What is the potential of the locality?

While you see the convenience of present accessibility to your office or kid’s school, don’t forget to read up on the potential infrastructure projects, connectivity, recreation spots, IT campuses, etc. which can enhance the value of your property in future giving you handsome return on investment.

1. Check the specifications and carpet area of the apartment

Visit the site of your apartment complex to ascertain if all the specifications and the floor plan are exactly as depicted in the project brochure. Remember to check for the built-up area and the carpet area of the apartment. Check for the connected power for your apartment and the back-up power. With HM Constructions http://www.hmconstructions.com/, you can rest assured that promises are sacrosanct in all of the luxury abodes developed by us.

1. When do I register my property?

Registration of your property through a sale deed confirms your ownership of your home. Ideally, documents that require registration should be presented for registration within four months of its execution, along with the requisite fee which is one per cent of the value of the property.

HM Showers Offers on Prospective Home Buyers

As established here, it only makes sense to invest in an apartment as soon as possible. We, at HM, understand that the pandemic may have impacted the businesses and jobs of our prospective clients. Thus, we have announced a brand new home-buying scheme for the last 30-odd apartments at HM Indigo so that you no longer have to delay owning your dream home!

The unique scheme lets you book any of our spacious units of your choice at a token amount of Rs.10,000 only. Since the units are ready-to-move, you can finish up the formalities and move into an apartment of your own in just 10 days. What’s more, once you move in, you can let HM take the burden of your EMIs! The EMI Holiday Facility lets you postpone your EMIs by 10 months so that you may enjoy your stay at HM Indigo for nearly a year before you start paying the EMIs.

So, stop worrying about your monthly rental and book an HM Indigo apartment today.

Call us at 8880225555 for a home tour, today.