Keen to know what is the value of a house where you are living or a house you have rented out as P.G or flat. Compare the site with your neighbors or another society. Your property value is directly linked to those uses which are legally allowed by right, based on the area you are living in. To know that what value your property has you can take help of an appraiser who may help you in assessing the actual value of your property. It is actually easy to evaluate the houses which are located in planned subdivisions. Value of a property differs from place to place, region to region. Same land in terms of measurement will have different prices across different states. Property near by metro cities and property in developing areas will have major difference in its value.
Investing in real estate became more common now with the change in government regulations and government favorable attitude towards FDI and home loan facility by banks. People are also earning handsome profits by buying resale property. People are also investing in Land, farmhouses as well. Coming of new MNC’s to India an opening their branches in India is also boosting up the scene of real estate in India with profits in abundance. People migration from rural areas to urban areas in search of jobs or better education also has pushed up increase in rental properties.
In order to know the value of your home start researching information about sold properties on your local government websites for your respective area. These websites gives you rough idea of the price your property might have. Location is a main component while deciding the value of a property you are having. Geographic lines such as opposite sides of arriver or a park can be invisible dividing lines that put the property in another segment. If you have a property in a posh area with all the basic amenities, living standard and modular homes, ultimately these factors will increase the value of your property. Second is the kind of built your home is having. In short size does matter while estimating your property. Do you have a simple kitchen or a modular one? Do you have 3 bedrooms and bathrooms attached to every room? Side view also tends to increase the value of your property.
Author Bio:-The name Sushil Ansal does not need any introduction in the field of Real estate. Sushil Ansal is an iconic figure of his field and has changed the face of Real Estate in India.The Chairman of Ansal Properties & Infrastructure LTD (Ansal API) is the driving force in establishing the brand Ansal API.Mr.Sushil Ansal has had an illustrious career spanning over 50 years.
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