With a pool of offers and list of properties, perplex situation is obvious and hence, here are some suggestions for single women interested in real estate investment. With women becoming more and more independent in financial terms, it becomes a mandate for them to choose a suitable channel of investment, like that in real estate, to attain a financial stability for lifetime. If you are single woman, following are the “extra” cautions that you must undertake to make your “symbol of independence” a hassle-free in long term:
Knowing you Budget
The first and foremost step in planning for investment in property is to diligently know your affordability that includes expenditure on insurance, taxes and overall maintenance of your property besides its EMIs. Don’t forget to save some liquidity for any kind of unforeseen circumstances to avoid last minute pesters.
Buying a property involves huge monetary investment and to lend it in safe hands, it is highly recommended to seek some expert advice on it. Nowadays, you can find expert consultants, for each segment and when it comes to taking vital decision such as investment in real estate, market has no dearth of experts for it. Extensive research shall be carried out before choosing a project for investment.
Security with Location
Before finalising a property, you need to ensure that it must be safe and secure with the intensive research on its neighbourhood. As a single women, it is a mandate that the basic amenities like hospital, restaurants, markets, Bank and ATMs, shopping complexes and other recreational facilities shall be in the vicinity. The property must be equipped with security features that give you a sense of safety.
To safeguard your investment from any unforeseen emergencies, don’t forget to shield it with insurance. Various companies in market offer different insurance plans depending on your budget.
Size of your Property
After making up your mind about the kind of project you should invest in, the next crucial decision is to choose the size of property to invest in. Although it always gets limited by the budget factor, there are several other aspects that will help you to make a favourable decision. 1 BHK sounds perfect for a single women as it is not just cost-effective but easier to maintain in long run as well. In case you plan to get married or looking for a flat-mate to share your maintenance expenses in future, 2 BHK shall be a preferred choice. Depending upon your budgets and requirements, you may also prioritise the projects basis the amenities like gymnasium, club house, jogging track and many more offered by them.
With these measures, you will surely invest your hard-earned money in a win-win deal that will make you proud of your investment decision.