When choosing a property for purchase, it is natural to check the profitability of your investment. In order to yield maximum returns and benefit from your purchase, you must keep a few things in mind. Here is what you can do to yield maximum benefits from your residential property purchase.

Buy a property in areas that promise growth and development:

Whether you are investing in Pune real estate and planning to buy a house in Venkatesh Graffiti or Rohan Abhilasha, or are eyeing luxury projects in Bengaluru, it is likely that you will want to buy a house in an area that offers you maximum growth prospects. Apart from choosing the right project for investment, you must evaluate the infrastructure and connectivity of the property by viewing a particular residential project’s proximity to public transport, shopping centres, schools, parks, hospitals, and other public amenities.

So, while you can select a city or project for investment at the macro level, at the micro level you should always pay attention to the location of the residential flat or villa in terms of existing and future access via roads, bridges, highways, railway stations and more. This way you can enjoy a better valuation over time.

Buy a property that allows you to benefit from high rental income:

As a homebuyer, you may be investing for capital appreciation or planning to stay in the home you buy. However, this should not be your sole priority as you never know what awaits you in the future. Due to good career prospects or family matters, you may have to shift towns or cities with time. In such cases, you may be looking to rent out the vacant home. In order to fetch high rental income that balances your EMI outgoings, you will have to invest in a property that is well-connected to economic opportunities.

For example, buying a house in Bengaluru at developing areas like Nayandahalli, Hebbal, Yelahanka, and HSR Layout is likely to fetch you a good rent over time, thanks to the IT development and metro connectivity which is opening up newer job prospects and pulling in more people to the city. So, always check the prospects for rent before you invest in a residential project.

Buy a high-value property to get increased resale value on it:

Regardless of market fluctuations, the real estate sector is growing in full swing. So, to fetch higher returns on your property with time, you must choose to buy a house or flat that is located in a location that yields a high valuation. In order to choose a prospective location, narrow down on a few areas or cities basis your convenience. Then observe the property rates for the last five years in that particular area. This will help you narrow down on the localities that have been giving higher returns on the property purchase price. Buying a house in such areas will always benefit you with higher returns and offer you better resale value when you decide to sell the house.

Additionally, invest in homes that come with amenities that increase its value. For example, green space or park in the same community or neighbourhood, indoor gyms and sports facilities, balconies and other perks like clubhouses will lead to a higher mark-up in the price, but also promise you more returns when you look to sell.

With these tips, you can buy a residential home and reap high returns over time. Get started now by availing a high-value Home Loan of up to Rs. 3.5 crore from Bajaj Housing Finance Limited. Along with affordable finance, you will also get in-person assistance for site visits and documentation assistance on your purchase. Before applying, check your pre approved offer to get a customized deal and make your home finance experience quicker and stress-free.

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