How to Develop a Real Estate Investing Business Plan

                                      By Shubhra Das

One should know the reasons for investments, it can be either short term or long term. It had been seen, that short term Investments are always higher amount of Investment which in turn give back the good returns in reselling. Whereas Long term investment are for little risk due to uncertainty of the development of the area which ultimately effects the rate of the property. It is this phase of time where an expert consultancy is required, before getting into these investment, one should check all the development plans of the town and all the past of the property owner ship. Getting into the past deal of the property transactions is hard to know, so better connect to the known dealer near by who is old in this profession.

Check all the surrounding properties and the category of people which ultimately effect in reselling. It has been proven that the good property with all clear paper has seen the difficulty in reselling, so better to select the property with good surroundings.

As Uttarakhand in India is 80% Mountain areas, so it becomes necessary for purchaser to watch the plot or property conditions in rainy season. Long term investment property are always on outskirts, which can be purchased on good bargaining. Whereas the short term investments are properties which are in developed areas and the owner has the choice of making the deal in his own manner seeing the market value. Here the purchaser does not have much choice neither in bargaining nor in number of selection.

Now when the property has been selected it is better to calculate the amount, do not agree for the rates until you are satisfied so, you should be well aware of the rates prevailing in the city and ask randomly from the people seen near by the property to be purchased.

Getting the best possible rates for the selected properties makes you know your investment in the areas of the city which then can be finalized by giving the token amount. Token amount should be that much so that it can compel the seller not to go from the word of mouth.

Prior from doing the selection please check your budget investment, your status of taking the bank loan, this helps you unnecessary wasting time seeing unwanted properties which is not in your budget. Check all the legal papers, water bills, house taxes if applicable.

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