Before stepping into real estate investments, it’s always encouraged to determine the purpose of your investment, your requirements and the use of the property you are looking to invest in.
In order to decide what kind of property you should invest in, you must first decide the use of the property.For example; if you are looking to buy a property, it could be used for residential, commercial or industrial purposes, depending on your requirements.
Once you’ve decided the usage of the property you can then start looking at the type and size of the property you want to buy.
Residential property:
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Apartment – Studio, 1 bedroom, 2 bedroom, 3 bedroom, etc.
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Villa/townhouse – Fully detached, semi-detached, number of floors, number of rooms.
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Land – If you want to develop your own property and customize it to your own specifications, buying a land is the best way to go forward. However, before purchasing the land it is advisable the check the land usage and other pertinent information.
Commercial property: Commercial property can be a good way to generate income. You can buy a commercial property if you are looking to use it as an office unit or a commercial villa.
Industrial property: Industrial property can be defined as a property used for industrial uses such as product manufacturing, storage, distribution, warehousing etc.
After deciding on the type and size of the property based on your usage, you can move onto budgeting and mortgage options Decide the property on the basis of what you can afford and whether you want to make full payment or opt for a mortgage. If you are choosing to go for a mortgage, you also need to check your mortgage eligibility.
Prime locations including Hyderabad, come at a higher market value but also assure greater return of investment, whether it is residential or commercial. In case of a residential property, you can also choose based on the facilities and amenities available as per your requirements.
