Owning a piece of property is possibly the biggest dream of an individual. Real estate investment also has the ability to offer passive income in the form of rent or lease. Nowadays there are many Real Estate Developers in Navi Mumbai offering their projects at competitive prices.

However, before investing in the real estate sector, the buyer should keep some points in mind and avoid these mistakes.

1.Lack of research:

Research is the essential criterion when considering investments. It can also be termed as the golden rule. Research can help the buyer in making an informed decision about a good investment and save them from a wrong choice. When looking to invest in Projects in Navi Mumbai, the buyer should pay attention to the following points in the checklist.

Location
Locality type
Proximity to other areas
Connectivity to basic facilities
Property rates including neighborhood properties
The ongoing rental rates if the property is not going to be used by the owner
Resale value of the property

2.Verify the documents:

Many buyers make the mistake of the not verifying or reading the documents of the property provided by the builder. In the haste to make the purchase, the end up ignoring the essential checks. The buyers have to check whether the Property in Navi Mumbai is RERA approved with necessary checkpoints of safety and building regulations. They should also check the legitimacy of the documents and see whether it is up-to-date.

3.Investment limit:

When looking to invest in Navi Mumbai, the buyer should be well-aware of their affordability. They should set an investment limit and check for Builders in Navi Mumbai that offer homes with amenities as well within their budget. If they buyer oversteps their investment boundary they can end up being liable for a whole lot of amount and also incur heavy losses.

4.Skipping the little details:

Most often, in a bid to complete the project, the buyer will end up the skipping the “fine print” or the clauses inserted by the seller in the sale agreement which can end up being detrimental to buyer’s interest. The buyer should also look for the hidden cost that can end up draining their financial resources. When searching for real estate developers in Navi Mumbai, it is a prudent decision to stick with builders who offer a transparent dealing, adherence to building codes and regulations and also offer competitive prices along with amenities.

5.Time the purchase:

When planning to invest in property, the decision of zeroing on a seller should happen in a no-rush process. To pull in buyers, many builders would advertise massive discounts or offers for apartments. It is best to consider the offers and pick the one that suits not only the buyer’s needs but also their budget.

Owning a property is a huge part of a common man’s life, and the decision to own property should not be taken. Remembering these few simple points can help the buyer to make an informed decision and make the best investment.

Source: http://siddhivinayakhomes.co.in/5-mistakes-avoid-investing-real-estate-property-navi-mumbai/