Monday - Dec 18, 2017

5 Simple Tactics For Buying An Apartment In Chennai


With the real – estate prices getting dearer in Bangalore, the Detroit city has been appealing the corporates and the end – buyer with a better property deals and with the favorable weather and socio – economic – political scenarios’ Chennai is actually set to soar high in the domain of real – estate. The city itself has lot of potential buyers within the city with the proper ethnicity as well as residents migrated to the city long time back and investors too…to pay the premium for securing their dream house. Though the process of home shopping has been perceived as not as simple as it been looked upon, but now a days, just a little bit of alertness can easy the process and have access to the resale flats in Chennai

Budget and Pricing

Plan out on the budget of the flat you want to opt for. The first and foremost thing is to find out your monthly expenses and the disposable income. If you are expecting a high from your work place then consider that and keeping away a certain amount for emergencies and calculate the disposable income and budget it accordingly. Another thing to keep in mind is that, apart from the loan down payment, there are miscellaneous expenses like shifting, paying the advocate fees etc. Hence be diligent in making financial moves while opting for the buy

Location and Neighborhood

Checking out the neighborhood and the location of the property is important since, the appreciation of the property in a way is directly related to the availability and accessibility of the amenities within the vicinity at ease. Moreover, the safety and security quotient is also one of the majorly considered aspect while you are opting for home buy. A neighborhood with a cool surroundings will always score high than the one with less. A cool hangout places, amusement park, café, theatres etc. add the zest of cool breeze in life

Don’t get carried away by Discounts

The goodwill of any builders depend largely on the pace at which the projects gets sold out and to earn the tag, they provide you with attractive discounts like modular kitchen or Jacuzzi bath or furniture etc. Ensure two things before you decide on going ahead with the offer…i) the reason behind the discounts, since no lunch comes free under the sun. Sometimes discounts are used provided to camouflage the faults…ii) if they are negotiating with you in terms of gifts, try to convince them with cash discounts as it has the tangibility over the quality of the gifts

Tax Benefits

Calculate the tax benefits and your eligibility brackets while you are opting for the house buying. Though its bit complicated to deal with and if you are not a pro in it, it’s advisable to consult and expert

Resale Value of the Property

Even if you are buying a property for your personal stay, then also you should not overlook the expected appreciation of the property down the lane, hence ensure that the property all the features to add on its value like locational advantage, amenities, connectivity etc.

Chennai has undoubtedly one of the happening place in terms of shaping up the dreams of aspiring entrepreneurs. You may also refer to online portals like Housing.com, if you want to have an understanding of the available flats for sale or have an information of the upcoming projects of the city.