Real estate is a field that has a shaky base. Its price keeps fluctuating based on economic fluctuations. Even before one could decide, the price would have crashed or visa versa. In such a case when the future is unforeseen, one would prefer to buy a flat when the price is reasonable or less, expecting a rise in the future. Neighborhood is one such factor that will have an adverse effect on the price keeping the real estate prices in mind. When the prices are steeping low, it is best to buy but not to rent or resell. Here are few characteristics that would help you achieve a higher value of the home
Amenities
Having a wealthy and usable amenities can help you achieve a better value of your home. The amenities should be attractive and of use to the residents. This improves the standard of living of people staying there. Safety, security, pool, gym, walking path and many other features that add on to the quality of life. This is one reason for which buyers are ready to pull in a little extra. Hospitals, parks, schools located nearby also makes it easy for them to commute on a daily basis. Historical buildings and great views also come as an added feature when we talk about amenities.
Business park
As the city gets cramped up, many corporate place themselves in the business parks or outside the city, making commuting becomes difficult and time consuming for employees. Many residential projects are coming up with the commercial presence. This will make employment availability easy and commuting much easier. In such a case, employees will look to reside in the luxury apartment located at the close vicinity.
Infrastructure
To increase the home value, buyers need not only focus on the amenities and the commercial offices but also on the infrastructure. Neighborhood comprises of the hospitals, schools and more but it also equally contributes to the much needed infrastructure. When the home is close to MNC’s, the prices are expected to rise. There are times when an announcement of new airport o subway line is made, the nearby vicinity property sees a growth in price. This price could mean increase in rent and land price as well.
Development in the nearby areas
The price of luxury apartment would not increase unless a new development is been seen around the locality. A small margin is expected to increase in terms of flat that would not cost you anything extra once booked during the early development stages. In other words, when you plan to book a flat, the development team will showcase the map and its nearby key development areas. Though those areas are also under planning and development stage, booking a flat would not affect your home rates. When the project is completed and the handover stage, the prices are expected to see a jump. Meanwhile the planned infrastructure would also be completed or nearing completion. Thus, this makes it a perfect time to rent or lease or sell the flat.
Location
Location is another important factor to achieve good buyers. If you are planning to buy a luxury 2 ,3 bhk flats in Hyderabad and rent in future, a lessee would like to have access to public transportation, restaurants, bars, cinema and more. Thus a classy location is a must in order to achieve good rates in future.
Social networking
Though we look at MNC’s, entertainment centers, restaurants at the locality, but this isn’t enough. A close knit community should have a good social network that makes it homely. Interacting with people, meeting them and developing a social relationship is also required. Thus a well-developed community that encourages social gatherings is expected to receive good rents in future. Buyers are willing to pay little extra if they get to reside in a neighborhood that is homely and welcoming.
To know more about the neighborhood, you can have a drive through the luxury apartments for sale in Hi tech city, Hyderabad, during the peak hours. This will help you identify the amount of time required to access the connecting roads. Even during the night you can drive through to identify the quality of construction happening around the gated community apartment. This is the right time that will help you determine the safety and security of the area.
