These 7 mistakes are often made from buyers in buying crores of luxury properties, experts are telling how to avoid
Real estate There is a tremendous demand for luxury property in the market, and this trend has been continuously for the last three years. After Mumbai and Bengaluru, now Gurugram and Noida have also emerged as luxury housing hotspots. Up to Rs 100 crore apartments have been sold in Gurugram, while many projects were sold out on the very first day of launching. Luxury apartments worth Rs 8 to 10 crore are also being purchased rapidly in Noida. But despite such a huge investment, many buyers make some common mistakes, due to which they have to regret later.
We talked about how to avoid these mistakes Real estate veteran expert and Space India CMD Rakesh Yadav From. He has shared 5 important things to keep in mind while buying luxury property. Let’s know the tips that can make this big purchase a smart investment.
Priority just beauty
Mistake-1: Most luxury property buyers prioritize beauty. They are affected by the Italian marble, modular kitchen and terrace views. But buying just by looking at beauty can be a wrong decision.
How to avoid: Think ahead of the interior. Also pay attention to the rules of layout, ventilation, storage and architecture.
Ignore Vastu Shastra
Mistake-2: Many people do not investigate Vastu while taking property, which later feels mental discomfort or negative energy and can also reduce the resale value.
How to avoid: Consult an Vastu expert before finalizing the deal. Sometimes small direction disturbances can also be cured without breaking construction.
Not to check out legal and structural testing
Mistake-3: Having an expensive property does not mean that everything will be correct. Do legal and structural examination.
How to avoid: Get the documents check with a real estate lawyer, do the structural inspection of the site, especially if the project is ready.
To ignore long term value
Mistake-4: If a beautiful property is in an overheip or a place from where the process or location of connectivity is not correct, then avoid buying it. Never ignore the location in buying property.
How to avoid: Choose a place where the infrastructure is strong, there is a possibility of growth in the future and the demand is stable.
Take the security
Mistake-5: Many people do not investigate security and privacy in luxury property, which can cause trouble in future.
How to avoid: Be sure to check facilities like Gauded Community, CCTV, Smart Home System and Parking.
Take a decision in a hurry
Mistake-6: The buyers make a hasty in the hurry to finalize the deal.
How to avoid: Take full time, compare options, understand the need for Vastu and Budget, and consult a trusted luxury property experts.
Deal with wrong agent
Mistake-7: Many times wrong property agents make the wrong deal. He does not give correct information.
How to avoid: Look for the right agent whose credit in the market is good.
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