Many people you meet will probably won’t tell you to focus on investment, when you are buying a home in Bangalore. They will tell you to just focus on what you need, so that somehow you can manage owning a property. People who have no experience about how the real estate market works will put investment factor a secondary choice. But if you really planning to own a property in Bangalore, make sure it is an investment property.
If you’re young, regardless of your marital status and profession, and looking to buy a home to live in, it is better you turn your new house into an investment property. No matter what you have assumed about the real estate sector, here we will explain why you should buy your first home as an investment.
If we closely look at the timeline for an average Indian, it might look like this. First the person earns a degree from college then he starts a job. Soon after getting a job, the person starts searching for rental property in the city and then comes marriage after some savings. Children, their education and other expenses take place and finally the house hunt begins. So if you are at any of these stages, and are planning to buy a home anytime soon, this guide is for you.
Being young and earning well is an amazing thing your family feels proud about. You can make your rules and break them at any time. You are living your dream life, but why are you doing all this in a crappy place? The money you are spending can be spent in some better ways. The savings you can do will help you become qualified for home loan and in this young age, if you can manage your money, you can get what you want.
According to the new rules and several reports, buying a home in Bangalore is a budget-friendly affair this time. The new regulations are helping home buyers, so why don’t you take an advantage of this positive environment of real estate sector?
Buying a home is not just buying a place to eat, sleep and repeat. The property you purchase can turn out to be a new source of income. If you are living in your own house, but are planning to buy a luxury villa in Bangalore, just consider buying now. Even if you are living in a rented place, but if you buy your own, you can save the money that goes in rent every month. You also know the high cost of changing rental properties when you move into a new place. So, better you invest in real estate and get the additional income you deserve. From luxury villas to villa plots in Bangalore, everything is available for smart home buyers.
Would you really want to miss out on the best real estate opportunities in neighborhoods like Whitefield and Thanisandra where the rates of properties are going to skyrocket in the coming years? Even if you want to miss them today, your future self would not want to do so.