Buying or selling property is actually a very hard task for common people. But still the property transactions have witnessed a considerable rise in recent times because of the rapid growth in the real estate sector.
Some people sell their properties to counterbalance a decent return on their investment. But common people with very less knowledge of the real estate industry find it extremely difficult to buy or sell their properties. Herein below are some of the finest guidelines that you may follow to save money while doing real estate transactions:
Mark the best time to list your property for selling: The best time to enlist is mid-March for properties around the world. But if you live in colder climates, it would be around mid-April and in the warmer regions it’s a little early which is around March. But nowadays this scenario has changed due to the popularity of real estate marketing through internet.
According to experts the potential sellers should wait for the inflow of listings in the spring to come up on the Internet and then post it just after a couple of weeks. This is considered as one of the best time to get your property enlisted.
Buying is not always better than renting: It’s a common saying that when you rent a property you are just throwing away money. But many researches have ascertained that this logic is not fully true. Usually, if you’re going to stay in a property for two or more years, ideally you should buy it, but there are exceptions depending on where you live.
What to do when you find the worst home in the best neighborhood? There is a common misunderstanding in the real estate industry in regards to the selection of a poor house in a sprawling and good area. A prolonged data analysis determined that the worst home in the best neighborhood is not appreciated that quickly. It’s always good to buy the best home, which is affordable and is not the worst home in the neighborhood.
Concerns related to the resale value of the properties: When you are in the dilemma of which between the kitchen and the bathroom you should renovate for increasing the resale value of your property, the experts always recommend you to go for the bathroom renovation. The buyers have a distinct taste and may not like your extravagant and expensive remodelling that features the granite counter tops and some decorative Backsplash. Only a little thoughtful up gradation and improvements of the home and the bathrooms can get you much more returns.
The impact of the street names? When you buy and sale property, the impact of just a street name may really seem an unnecessary aspect. But in reality the street names matter a lot while determining the prices of the properties. A property with an address on a ‘court’, ‘way’ or ‘lane’ could be valued around two to three percent more than a home on a ‘street’. It is said by experts that the more the uniqueness of the street or area name, the more is the value of the property.
Leon Grant has performed a series of interview with the employees of Chhasm Engineering and Construction Co. According to him there are numerous people who buy and sale property in Durgapur very frequently. So the demand of real estate consultancies is grabbing the market throughout West Bengal.
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