By Runwal Group Posted On Aug 22, 2018
Category Residential properties
Investing in real estate requires a lot of research and analysis. Economic fluctuations have an effect on the real estate market and are most likely to affect the real estate pricing as well. Considering such a situation in the real estate market there are certain scenarios you should consider before forking down the payment.
Therefore, once you begin your search for a home, there are a host of things you should consider, evaluate and assess before you book your dream home - neighbourhood is one such criterion. If you end up buying a home in an area or a neighbourhood that is not going to fetch you any good returns if you ever decide to resell or rent it out, is a lost cause. So, it is a no-brainer that you have to deliberate over these top 5 neighbourhood features that will increase your home value.
It is probably the topmost feature you should have a look at before investing in a home. If your home enjoys a wealth of amenities to choose from then you’re already halfway there when it comes to selling your place or renting it out. It definitely increases your home value.
From transit facilities and security features to social infrastructural amenities such as schools, colleges, hospitals, parks, and shopping and entertainment centres, all come under the umbrella of amenities that one looks for in a new home.
If you like a place enough to invest in it, just do a quick inspection with a drive-through the neighbourhood. You can observe the quality of houses and take a look at the demographics in the area.
You can also check for the presence of commercial establishments in the area.
With cramped up spaces within the city area, most corporates choose to move slightly on the outskirts of the city which in turn increases the demand for housing. Within no time you will find apartments, row houses, and villas that cater to each segment of the working population. The biggest advantage is that with the sprawling apartment complexes and business parks, you will definitely have commercial centres springing up in the neighbourhood sooner rather than later.
This definitely makes the neighbourhood a highly desirable one.
Social And Civil Infrastructure:
Prospective buyers may settle for a home with limited amenities but infrastructure always tops the list. A neighbourhood with brilliant infrastructure is one that will definitely attract home buyers into investing in a home in the area.
For example, if a new metro line comes up in the neighbourhood or the frequency of public transport facilities is increased within the area, it adds up to the home value. You will see the apartment prices shooting up and buyers queuing up to check out the apartments available in the vicinity.
The most important factor that contributes to determining the value of an area - the location.
If a location has good access to social and civil infrastructure that includes restaurants, entertainment centres, and more along with good public transport, there’s a good possibility that prospective home buyers would prefer such a neighbourhood.
If you’re looking for a home that fits the bill perfectly then take a look at Runwal Bliss, Kanjurmarg - 3 BHK flats in Kanjurmarg East that come with the best neighbourhood features you would look for when buying a home