RERA REGISTRATION NO.: PBRERA-SAS81-PR0418
By Balvinder Singh Kalra
Category: blogNo Comments
While most of the real estate investors look for the location as their ideal consideration but there are several other factors as well that are needed to support the decision. Are you also looking to invest in a 3BHK+1+1 in Mohali? Then, make sure that your shortlisted property must adhere to these metrics.
According to Wikipedia of investment, Investopedia shares that real estate investors must know how to evaluate and make educated decisions on the profit-making capacity of the property. The profits can be through rental income, property appreciation or both. It’s important to make accurate calculations to make profitable decisions when planning to buy airport road Mohali flats.
Let’s dive in and look at the top investment metrics that you need to bother if you are planning to buy a 3BHK+1+1 in Mohali or Chandigarh.
Location continues to be the prime factor for any investment decision and a major contributing aspect for real estate profitability. With close proximity to the airport, major landmarks such as hospitals, shopping complex, green spaces and neighbourhood fill up the next places for your 3BHK+1+1 independent floors in Mohali checklist.
Think Long Term:
A location that may seem open and peaceful today could turn noisy and clumsy someday, which ultimately diminishes its value. It’s always best to invest in townships and gated societies that offer a good sense of space, security and privacy. Thoroughly reviewing the intended usage and ownership would help make an informed purchase decision regarding luxury flats in Mohali.
Make sure that you have verified the list of essential documents before finalizing your ready to move flat in Mohali. The investor must perform a real estate valuation of the shortlisted property to estimate the insurance premium, investment analysis, listing price etc. Look out for the best property consultant in Mohali to help you evaluate the property.
The property valuation is done by analyzing expected cash inflows (for rentals). For newly constructed property, you need to calculate the cost of land (plus construction) excluding the deprecation value. Recent sales performed for both old and new properties could help you get a clear picture regarding the property.
Newly constructed 3BHK+1+1 independent floors in Mohali do come with attractive prices and modern amenities. But, a slight blip may lead to big blunders such as delays, hidden costs etc. Avoid them.
On the other hand, existing properties may offer the convenience of ready to move at lower costs but lack luxury and latest styles.
What can you do:
Cross-check the company’s past projects and reputation. Make sure that the new property has a RERA number and has cleared all the government clearances. Take a close look at the fittings, flooring and bathroom equipment.
Study all the property deeds, appraisal reports and recent surveys for existing properties. Monthly maintenance, taxes and other outstanding dues many severely impact your cash flow to buy 3BHK+1+1 flats in Chandigarh and Mohali.
If you are planning to apply a home loan for your dream 3BHK+1+1 apartment in Mohali, then you must have a good credit score. Score greater than 8 (on 10) is considered as excellent and would help you get better terms on your loans.
It’s always profitable to buy low and sell high. With the current ongoing scenario, the market rate has made a significant jump in Mohali as compared to last year. This makes Mohali one of the best places in north India to invest in a 3BHK+1+1 independent builder floor in Mohali, Chandigarh.
It’s very important to stay updated on the ongoing and expected market trends. Paying close attention to home loan rates would help you lower your financing costs.
Canvas located in the heart of Mohali, sector 85 is one of the elite and posh areas in Mohali. Located on the airport road, [email protected] is offering grandeur 3BHK+ 1 servant room + 1 store at the best prices. These ready to move flats would be available for possession in March 2021.
Check out all the technical specifications here. Call us at +91 97001 97007 today to book your appointment for site-visit. Our sample flat is ready which will help you understand the space utilization properly.