Real Estate – a booming potentiality to Invest
If you want to purchase land or building or flat , you have
to pay more down payment and also more maintenance cost have to bear. Without
having any risk high return could be expected from investment in real estate.
One thing clear that you have to wait for a long time for that.
Option for a flat or building than invest in land is more
safe and wise because at the time of
purchase of a flat you have to see that
whether that is private or public, it’s previous owner and occupier , converted
to your name or not. All aspect you have to enquiry . you have to investigate
all clearance certificate before to proceed because many times this profitable
investing option throws you in trouble and loss. Another thing , over investment is dangerous
. you have to judge how much and which area to invest.
If you invest in land you have to foreseen for a future
growth . like if you purchase a land for twenty thousand rupees today , you
have to dream for twenty lac rupees after five years. But the location of land
is a prime and vital factor for its price rise that you must keep in mind
before invest.
For Tax saving benefit , invest in real estate is a good option. But before invest you have
to read all ters and conditions vividly. Plan your budget according to your
earnings and forward to invest in real
estate. You have to avoid the tendency that all were moving towards for that so
as I also. Always purchase land or flat in your own name. if you
purchase land in your child’s name you may face problem during sale or mortgage
and also loose Tax saving factor.
If you want you may transfer property to your childas a gift
to avoid heavy stamp duty. You have to more cautious during property transfer. You avoid to invest all your savings in real estate. You
have to keep some money in liquid form in your saving bank to avoid emergency
needs.
If you want to earn
from your investment , you may left flat for rent but you are to see that one or two months
bond for rent . also you may put conditions for maintenance and renovation of
your property.
After all invest in real estate is really a wonderful and high yielding investment
option.
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