In India, investing in either gold or real estate property is considered as a good fortune. Investing in real estate property has a good return both in the form of rent and also in appreciation of the overall value of the property. It is everybody’s dream to own a second home because of the excellent value it brings as an Asset. Investing in your second home might include buying a 3 BHK flats in Hyderabad, Villa in the prime location or the outskirts of the city, based on your choice and financial planning. In some scenarios, many of us prefer to buy a second home for leisure like picnic spot, in a hill station or it may be a pleasant location to spend time with our families, but many of us may prefer to buy a second home as an excellent Investment option.
Points to be considered while buying for a second home
Location – This is the first and foremost aspect to be considered when you are planning to buy a second home. A good location always has public transport like Buses and Metro rail. The Prime Location has the availability of Shopping malls, entertainment zones, schools and hospitals etc. very nearby.
Infrastructure – The availability of all the three infrastructures are important to consider. Utility infrastructure which comprises Electricity, communications and water. Transport infrastructure which comprises of Public Transport, roads, Rail and connectivity. Social infrastructure that comprises Hospitals, Schools and other community facilities.
Tax Benefits – Investing in a second home has a benefit regarding tax exemptions. If you are taking another loan, also you will get the tax benefit on the interest payments but not on the principal amount.
Appreciation Value – Check the growth prospects of the property by doing some research in that particular location by getting to know the rental income and resale value of the property. Furthermore, calculate overall Return on your Investment both in the short term and long term.
Undoubtedly, investing in your second home in the prime location has a higher rental value. Paying EMI of a home loan of the second home through the rental income from it is one of the most prevalent in recent modern times and in this way you can own your second home in a smarter and the best way. Furthermore, the appreciation of your property increases from time to time both in short and long-term.
To know more information about buying Luxury Flats and Villas in Hyderabad please visit this link. For any enquiries, please feel free to contact us at +91-40-4569 5555 and you can also email us at enquiry@adityacc.com.
