Published on: 10 March 2015
Buying a home is one of the biggest and most important decisions of our life and when the home is our ÔÇÿdream homeÔÇÖ it just adds to the importance. There are many crucial factors that you would need to consider before investing in our dream house. These factors include market analysis of the country, city, and locality where you are planning to buy your house. It is often these factors or other related factors that determine real estate demand and thus, more-than-decent knowledge of these factors is almost a must before investing your money. Further, investors need to consider the fact that there is a lot of mandatory paperwork involved while buying a property in India, especially for the NRIs.
Most NRIs invest in a property in India with the objective of coming back and staying in it in future. This means that they need to maintain and manage the home well before they finally come and stay in it on a future date. Thus, there are decisions involved such as letting out the house and collecting monthly rent that they need to take. In another scenario, NRIs invest in a property under construction in India. Here, they need to keep themselves constantly updated on the progress of construction.
Bottom line in any scenario is that certain key decisions relating to the property need to be taken by the property investors both before and after the purchase. Therefore, the best and the most effective thing to do for NRIs in case of investing in a property in India is to appoint a highly experienced and dependable real estate consultant to do the needful. Moreover, most NRI investors will be new to India and its real estate market. This will make it difficult for them to find their perfect home, which falls within their allocated budget. This is where experienced real estate consultants come into picture. They bring in in-depth local knowledge and expertise that would guide NRI investors in a highly efficient manner.
Real estate consultants bring loads of advantages to NRI investors. In terms of property purchase, they can help NRI investors in performing requirement analysis and provide them with access to top builders and properties. Further, consultants can provide investors with in-depth research reports on properties in India. They could assist NRIs in the mandatory documentation, reducing hurdles. Further, consultants can arrange for site visits, access to legal/tax professionals, identifying tenants, collecting and depositing rent, managing utility bills, and provide NRI investors with comprehensive property management services.
All that the NRI investors would now be left with is enjoying their property, since the real estate consultant has taken away the rest of the burden off their shoulders. Well, as they say, experience counts. Thus, it is always better to go through an experienced consultant in case of a real estate investment in India.
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