There is no denying the fact that buying a flat is one of the most important decisions many have to make. Also, buying a flat is one of the biggest financial expenses for many people. As such, it is highly important to make an informed decision by learning all the basics of real estate purchase.
However, many people, especially new home buyers, tend to miss out on several important aspects which are critical to getting the most value out of the property and the overall investment.
If you have plans to buy a flat in Kolkata, you have come to the right place. In this post, we have shared four mistakes that you can learn about and avoid in order to make the most out of your real estate purchase.
1. Not choosing a credible real estate builder in Kolkata
Ask any experienced home buyer or real estate expert and he or she will tell you that one of the most important aspects to consider is to choose a flat from a reputed real estate company. Many homebuyers tend to neglect the importance of choosing from a credible real estate builder which, in turn, increases the risk of investment loss on the property.
As one of the best builders in Kolkata in terms of credibility and safety assurance, we at Vinayak Properties, help each and every home buyer have peace of mind of the fact that the overall value of the property does not lower with time.
2. Overlooking the importance of the right location
A significant part that determines the overall appreciation value of a flat in Kolkata is undoubtedly the location. Surprisingly, many people who are planning to buy flats in Kolkata undermine the importance of the right location.
It goes without saying that the right location can improve the overall value/resale value of the property to a significant extent over time. Also, it’s only through choosing a good location that it becomes possible for the residents to access the convenience of a simple and quick connection to prime locations in Kolkata.
3. Not considering the resale/appreciation value of the property
Sure, flats are a lifetime purchase for money, especially for those people who are planning to buy their first flat as their home. However, buying flats in Kolkata may not be a lifetime purchase for some. As such, it is important to prioritise the overall retail/appreciation value of the property in order to get a good return on investment over a certain period of time.
There are several factors that determine the overall appreciation/resale value of any flat. The first is undoubtedly the location. Flats in prime locations in Kolkata tend to have the best resale value. With that being said, flats located in the suburbs also have a good appreciation value as many suburbs in the city are growing by leaps and bounds.
4. Not comparing price quotes of multiple real estate companies
Many people make the common mistake of not comparing prices from multiple real estate companies. If you are on a limited budget and want to get the best value possible, it is definitely worth reaching out to some of the best builders in Kolkata and requesting their best affordable price quotations.
By taking this step, it becomes easy for you to make proper comparisons which, in turn, helps you make an informed decision.