Title: Factors that influence the valuation of properties in India
1Factors that influence the valuation of
properties in India
2- Before buying a property, one should try to
evaluate the property in every way possible. - Always try to look at the rate of appreciation of
the property after a number of years. - Let's look at the factors that affect the rate of
appreciation or valuation of property in India.
3Location
- Location is the primary factor affecting the
rate of valuation of properties in India. - Properties situated in industrial areas tend to
have a higher rate of appreciation relative to
properties located in suburban areas. - If your property is close to a major IT hub, it
is obvious that rentals, demand and the price of
your property are rising as people working nearby
will have a desperate need to always rent or buy
the property. - Properties located in the heart of the city,
surrounded by good infrastructure, schools ,
hospitals, markets, shopping centers are more
expensive than properties in the coming and
underdeveloped regions.
4- Where would you like to invest and what seems to
earn you a double return is something you need to
think about. - Talk to local property dealers, developers from a
very developed part of the city and the area to
come. - Compare the trend of property appreciation rates
in both areas and then make a decision.
5 valuation of properties in
India
6Connectivity
- Connectivity is another big factor that affects
the quality of properties in India. - Good infrastructure such as airport, metro,
overflights and highways, if you're close to your
home, you can expect to enjoy your home cost. - When planning to purchase properties in
underdeveloped areas of the city, always research
into the nearby infrastructure that has yet to be
built. - If you invest in an underdeveloped area that has
some great infrastructure plans over the next
five years, you may be looking at a very high
rate of appreciation for your property.
7- The standard of the construction of a particular
property is very critical for the value of the
land. - The content, the design, the construction, the
architecture and the durability of the building
all contribute to the value of the land. - In case you are buying property from one of the
local builders, be very sure because you don't
want to spend on repairs, etc. - due to the low quality of the construction that
leads to a depreciation of your property rate. - Look at some of their previous projects, talk to
customers, get input, and then make a decision.
8Facilities
- Popular amenities such as swimming pool , gym,
parking, garden area and community center all add
value to your house. - Urban buyers don't just look at the square foot
area of the house anymore, they also want
amenities that make their lives comfortable and
comfortable. - Apparently, a property coupled with amenities
will appreciate more than just a regular property
with no amenities. - If you're looking at a property to live in
yourself, it's obvious that the amenities will
become important, but if you're only looking for
a second investment in land, you may want to
forgo the amenities if the infrastructure next to
your land is fantastic.
9Interiors and customization
- Good interiors such as high quality woodwork, top
quality bathroom fittings, superior quality paint
and top flooring, etc. - add value to your property.
- Some customers change their regular kitchens into
modular kitchens, a closed living room is
customized into an open living room with a dining
area that clearly appreciates the value of the
property. - The properties with personalized rooms or new
fittings tend to grow at a higher pace than the
standard properties.