Are you looking for better accommodation, not for yourself but for renting purposes?
Finding the perfect rental property is a herculean task especially when you are looking it as an investment option. It is daunting for first time investors and therefore one should be extremely cautious while taking a property investment decision. One step wrong and there goes your dreams obliterated. The idea is not to scare you but to help you search the best one.
Where? How? What?When?
Where is a big question that comes to your mind first when your give property investment a thought. Well, talking about the major cities in India we find Gurgaon as one of the suitable destinations. Gurgaon needs no introduction when we talk about development of residential or commercial projects. The other way of saying the same can be that rapid commercial development has influenced growth of residential projects in Gurgaon. A majority of real estate investors have set Gurgaon as their first preference when it comes to investment in real estate. It definitely is one of the most desirable places. There are constructions of all types happening in Gurgaon. Years back the area was famous for farm houses. It is still one of the favoured spot but now residential and commercial properties are in high demand. You will find a lot of properties on rent in Gurgaon. So the question of WHERE to find the right property ends here.
How comes next? Though the most preferred technique is to go for a real estate expert but we suggest you to search for a rental property on your own. Explore the potential area and learn about the pros and cons of the area on your own. Having an agent can bring unnecessary pressure to buy before you have found a property that suits you. The most important thing is to have an unbiased approach to the rental properties within your investing range. Of course after you are done with your homework you can go and seek advice of the expert too. There is no harm in seeking a second opinion. So we guess “how” will not bother you anymore.
What? Couple of things to keep in mind while planning to go for a rental property. The first one is the Neighbourhood. A good neighbourhood will only add to the value of your property and you will easily get tenants for it. Second point is safety. Even if you get the best rates to invest in , you must check the security measures there. A safe house is better that a lavish one. Amenities are the next most sought after things when one plans to choose an accommodation. Nearby recreational areas, malls, food courts, cafeterias and hospitals and all the other perks attract tenants. Besides these back up facility, resident welfare associations and other such needs can also be given a thought.
Now when to buy a property that can be put on rent?
Our answer to the question is that when you feel that you are financially secure then. If you talk about Gurgaon, the past trends reflect that this place is a goldmine. So buying a flat for renting purposes in Gurgaon is anytime profitable. The demand supply graph in terms of Properties on rent in Gurgaon is always linear and on rise. Don’t forget to check out do a market research before you plan the deal. The real picture is always better.
So whenever you plan to invest in a rental property you must ask yourselves the questions above and do footwork and research before closing the deal. It is not just about buying a rental property but it is about investment in the right direction to have maximum annual returns. We suggest you to choose the rental property with a thought that you will reside in it and believe us you will never go wrong.
Author Resource:
Writer is a professional writer, presently writing for the Rent a property in Gurgaon, Rent a flat in Gurgaon, Rental properties in Gurgaon, Properties on rent in Gurgaon.
Source:http://www.amazines.com/article_detail.cfm/5791100?articleid=5791100
