For many people real estate is simply about finding a place to call home, however, the potential for profit within this area continues to spiral upwards as the real estate market grows. Learning how to purchase property to make an investment for the future is an easy way to make profit, either in the long or the short term depending on the route that you choose and the location that you invest in.
Gurgaon, India's growing metropolis, continues to expand and improve. With prices on the rise in Gurgaon, and money in the air, it is the perfect place to consider making an investment in real estate.
There are three key ways to make real money easily in real estate in affluent areas like Gurgaon.
- Residential Property to Sell
Investopedia suggest that one of the easiest ways to make real money in real estate is by purchasing a residential property, such as a flat in a location like Gurgaon. With real estate, location is often an essential factor in whether you make money or not. The neighbourhood of your residential property can evolve over time - meaning that they improve schools, add transport links and large shopping centres - and increase prices as they do so. However, just as prices can rise with an up-and-coming neighborhood, they can fall with a devaluing one so location needs to be considered very carefully.
Another easy way to make money through residential property real estate is through general DIY and home improvements. By adding an extension to the back of the property, creating a new bathroom or redesigning the loft to add another bedroom an owner of property can increase the value of the home in a short time.
- Residential Property to Rent
If you aren't looking to sell a property right away, a long-term investment can be a great way to make money through real estate. If you want a great investment today you can trust Unitech's development properties when you buy flats in Gurgaon and rent them out to the right tenants. It is not an easy thing to do to find the right property in the right area for the right price, but it is definitely possible - especially with the range of resources and realtor information that is now widely available.
Rental investments can take many forms - you can choose to buy a single-bed flat in Gurgaon and rent to a young couple or an affluent business person, or you can choose to rent to an entire family, or a series of students. Lease types can vary, with both long and short term leases available and you will have plenty of control over the tenants that live within your investment with a series of contracted terms.
Initially, turning a property into a rental can take a lot of upfront money, but the returns are incredible if you buy the right property. Invest Four More reports that the overall return on investment on long-term rental properties trumps the return on investment on properties to sell by over 20 percent, which is a percentage that can't be ignored.
- Investing in Raw Land
Whilst it may not be the easiest way to make money, investing in raw plots of land is one of the most solid investments available according to The Nest. This is because raw land, land which contains no property or developments on it, will usually never lose value and will always be worth something in its original form. With raw land, the best way to make a profit is to make sure that you do your research and make sure that you are selling at exactly the right time.
It is not a way to make a short-term return on investment, but is a way to ensure that you have an investment in the long-run as, usually, you must wait for the right buyer to come along to buy your plot of land at the right time.
Should I Invest in Gurgaon?
Now that you know the mechanics behind making money in real estate, and the importance of location, it is time to consider the right real estate investment for you.
Choosing Gurgaon as the location for your real estate investment may be a smart choice. Unitech, a company of reputable and trusted builder here in India, will offer you your chance to purchase a wide range of property: flats, villas, apartments and plots of land in a series of areas. Unitech's new South Park area of apartments are set on a 28-acre secure township will make a perfect investment for someone who is looking to make money in real estate.
Unitech's Gurgaon apartments and flats are still priced relatively low, especially in comparison to other affluent areas in India, so it is the case of striking at the right time as this city continues to grow.