In fact, if done right, real estate investment in India can yield an income of up to INR 20 lakhs per month. While residing in such an area can boost your lifestyle, renting it out can help you generate a handsome side income. Purchasing a residential property in a plush locality in India is a good choice whether you want to reside there or not. If you choose to invest in the right property at the right time, you can reap excellent returns that are likely to see an upward trend over time. The users should exercise due caution and/or seek independent advice before they make any decision or take any action on the basis of such information or other contents.Real estate investment is considered as one of the most lucrative investments in India, and for good reason. shall not be liable in any manner (whether in law, contract, tort, by negligence, products liability or otherwise) for any losses, injury or damage (whether direct or indirect, special, incidental or consequential) suffered by such person as a result of anyone applying the information (or any other contents) in these articles or making any investment decision on the basis of such information (or any such contents), or otherwise. No warranties, guarantees, promises and/or representations of any kind, express or implied, are given as to (a) the nature, standard, quality, reliability, accuracy or otherwise of the information and views provided in (and other contents of) the articles or (b) the suitability, applicability or otherwise of such information, views, or other contents for any person’s circumstances. Nothing contained in the articles should be construed as business, legal, tax, accounting, investment or other advice or as an advertisement or promotion of any project or developer or locality. All views and/or recommendations are those of the concerned author personally and made purely for information purposes. These articles, the information therein and their other contents are for information purposes only. (Katya Naidu has been working as a business journalist for the last nine years, and has covered beats across banking, pharma, healthcare, telecom, technology, power, infrastructure, shipping and commodities) The appraisal report will give what it is currently the worth of the property and help calculate the returns expected. It helps investors too as they too might get distracted by the potential capital value of a property in the future. A fair appraisal report will also be a good bargaining chip with the seller or the real estate agent. A home appraisal will tell you the actual value of a property and makes sure that you do not give too much premium for your dream house. A number of people get swayed by the look of a house and pay enormous amounts for it. It need not necessarily be for a used property but also for a new home. Make sure that a surveyor can reach all parts of the house like lofts and other unused areasįix the house for leaking taps and clean it well so that cobwebs etc do not showĪn appraisal is also very important before you buy a house. Get the latest update on pest control done and its report Give details of the work you did on the house like changing electricals and other plumbing work with the bills The advice of the appraiser will ensure that you get the extra push to care for a home in a way that its value is sustained. More importantly, it is a comment on the maintenance done for a home after years of usage that will speak for itself in the report. There are many other things that make up the value of a property like the kind and quality of the structures and fittings. The value of a home or any property in India is not what the neighbour's home was sold at. The tools and methods used to prepare the appraisal report and how they arrived at the number Trends in the real estate market and their impact on the property valueĬomparison with similar properties and their value Statement on the neighbourhood, its state of development and changes that affect the value of the property Insurance companies, banks, government agencies, tax authorities, courts seek out the latest appraisal reports during claims and for other purposes.Ī standard appraisal report has information that is gathered from various sources to include the following information:ĭetails of structural problems like cracked foundation, chips in walls and the basement, weed growth etc
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