The realty market in Bangalore is booming. With over 4,000 units coming up in the year 2017, it is the most hot-selling property market in the country. In addition to that, the IT capital has been ranked as one of the top cities to live in India. So if you're planning to buy your first home in Bangalore, you are making a sound investment choice at Prestige Aston Park.
But before you go ahead and make a decision, there are a few things that you should know beforehand! Here is a list of pointers that you should understand before buying your first home in Bangalore:
1) Check the legal documents of the property
2) Check if there are any hidden costs associated with it
3) Ensure safe water supply and power backup
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There are pros and cons to investing when you're just starting out in the workforce, but there are more benefits than drawbacks at Prestige Aston Park.
When you invest early on in real estate, you give yourself the opportunity to make as many mistakes as possible while there's still time to correct them. When you're younger, it's easier to bounce back from these mistakes because you have fewer obligations. However, if you wait too long to start investing, the impact of your mistakes can be much more costly.
Currently, people are living longer than ever before — into their 90s and 100s. This means that when you retire, you could potentially be living for another 20 or 30 years. And since life expectancy continues to increase, it only makes sense for your retirement savings strategy to do the same.
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You've worked hard to put a down payment on your new home and have made your monthly mortgage payments for years, so now it's time to enjoy the fruits of your labor.
Consider leveraging your property to create passive income. A single-family home is an asset that you can leverage in several ways to generate passive income. You can rent out the property to a tenant and charge them monthly rent. This will require you to screen tenants, as well as make repairs on the home to keep it habitable for renters.
Or you can sell it on a lease-to-own agreement to someone who wants to buy but doesn't have 20 percent down. This allows you to live off of the monthly rent while the tenant saves up cash for a down payment.
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Investing in real estate is a great way to make a profit at Prestige Aston Park Bangalore. There are many different ways to invest in real estate, but the most popular one is by purchasing a property and renting it out.The downside is that there are risks involved in this type of investment - like the risk that the property might not sell for its expected price, or that there might be an unexpected increase in interest rates - so you should always do your research before making any
In order to make money from this, you need to buy the property for less than the market value and then rent it out for more than you bought it for.
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The answer to this question is yes. Real estate can be considered an asset because it generates income for the owner. The income generated from the property is known as rent, which is a form of revenue.
Real estate can also be considered an asset because it has resale value. This means that if the owner decides to sell their property, then they will receive a return on their investment in the form of profit.
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