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tips4me.com - property investments

PROPERTY INVESTMENTS

REAL ESTATE: LOCATION, LOCATION, LOCATION!


What drives real estate prices is location. If you are buying property for the purposes of making your home alone, there are personal factors that should determine your purchase decision. But if you are buying property as an investment, you have to consider returns from the investment realistically. Are you buying the place and intend to give it out on rent every month? Then a marketable prime property might make sense. But if you are going to hold on to your property then think twice before investing in high-priced metropolitan areas, in the hope that prices will shoot up higher here. In fact, appreciation in these places will be low. A thumb rule to follow is that your investment per square foot should double in five years. And that’s unlikely to happen in an already high-priced area. If you are not certain of your money doubling in five years, you’d be better of putting investing in a small savings scheme or in a mutual fund.
 

THREE GOOD REASONS TO BUY YOUR DREAM HOME NOW


Here is why this might just be the right time for you to take the plunge:

• Property prices have dropped by 30-40 per cent for what they were about a decade ago when it was boom-time for real estate. Going by industry trends, prices are unlikely to drop further.

• If you do not have money to buy a home, there are scores of housing finance companies queuing up just to find a customer like you. With intense competition, it is a buyer’s market, and you can be selective and to an extent demanding in getting your loan sanctioned quickly.

• If you do not own a home, there is a high likelihood that you are renting one. All the more reason to convert the pay-out into an asset. Strain your finances a little more and you will be paying the EMI’s for your own home!

What The Home Financer's Have In Store For You:
• Lowest interest rates due to high asset quality
• A choice of fixed and variable interest rate loans
• Competitive processing fees and repayment fees

 The Players  The Interest Rates
BANK OF BARODA 8.75-10.5
CITIBANK 8.75-10.00
HDFC 9.00-10.00
HSBC 8.25-9.25
ICICI BANK 8.75-9.75
IDBI BANK 8.50-9.50
LIC HOUSING 8.75-11.50
STANDARD CHARTERED 9.00-10.00
STATE BANK OF INDIA 9.00-9.75
 
REAL ESTATE: LOCATION IS THE KEY


What drives real estate prices is location. If you are buying property for thepurposes of making your home alone, there are personal factors that shoulddetermine your purchase decision. But if you are buying property as aninvestment you have to consider returns from the investment realistically. Areyou buying the place and intend to give it out on rent every month? Then amarketable prime property might make sense. But if you are going to hold on toyour property, then think twice before investing in high-priced metropolitanareas, in the hope that prices will shoot up higher here. In fact appreciationin these places will be low. A thumb rule to follow is that your investment persquare foot should double in five years. And that’s unlikely to happen in analready high-priced area. If you are not certain of your money doubling in fiveyears, you’d be better of putting investing in a small savings scheme or in amutual fund.
 


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