Property investment is counted as adulthood responsibility/ investment in our country India. Only financially sound and career-wise secured people can afford to step in realty investment. Purchasing properties in metro cities are better kept for big pies. As to buy property in Kolkata one needs to have bellyful wealth. Well, that’s not utterly true. Real estate investment shouldn’t fall under any of such decree. But of course there is a certain age, when people can partake in real estate investment but that has merely any link with the very person’s upper-limit bank balance, again financial stability should a practical term while buying any property on loan.
Again banks and financial organizations are keen on lending money for long run to count the EMIs, not they will show any interest lending money to people who are on the verge of their retirements, as the idea of lending money to the borrowers for a long term untenable. Let’s go over the issue and come up with a genuine conclusion.
A person hits his/her 30s or around 30s, they have more or less 30 years ahead of career headway. Unsurprisingly they have enough scope for property investment and enough time to develop property miscellany. Having tried in 40s people can also achieve ownership of self-earned realty units. Even self-employed people can also build property investment portfolio at the beginning years of professional eon. Laying it on, the sooner you start property investment, the more you spin money for long period of time. Profit from property multiples with time. Financial solidity can get you a home loan even for the extreme pentagenarians. Financial organizations have also realized with the emerging time that people found working even after the conventional retirement age of 65 now-a-days.
Reconstruction is the key to increase value of one’s existing asset. A person who has years of expertise in property business, knows every nitty-gritty of resale realty market; for definite reasons he/she would like to deal in properties with impressive condition. Else, dissatisfaction lives every corner among the property investors. Once people have an anchored real estate portfolio of assets or distinctive influence or healthy holds in banks; in that case these existing properties can be presented as guarantee for fresh home loan application even if they belong to the 50 age group. Thus, raising loan for buying residential property is absolutely within reach at present.
However, it’s evident that there is no particular age or ‘ideal age’ for property investment or to buy personal residential property. Besides, home-loan EMI rates have also been curved by the banks to boost up real estate sale volume. Low-budget residential units are the latest addition in this ebb. Homes under PMAY will also be free from stamp duties and other prime tax labels. One can easily afford these residential units with easy available home loans. End of the day, your self-owned home gives the biggest security above all our living investments.
- By LNN (Liyans News Network)
Again banks and financial organizations are keen on lending money for long run to count the EMIs, not they will show any interest lending money to people who are on the verge of their retirements, as the idea of lending money to the borrowers for a long term untenable. Let’s go over the issue and come up with a genuine conclusion.
A person hits his/her 30s or around 30s, they have more or less 30 years ahead of career headway. Unsurprisingly they have enough scope for property investment and enough time to develop property miscellany. Having tried in 40s people can also achieve ownership of self-earned realty units. Even self-employed people can also build property investment portfolio at the beginning years of professional eon. Laying it on, the sooner you start property investment, the more you spin money for long period of time. Profit from property multiples with time. Financial solidity can get you a home loan even for the extreme pentagenarians. Financial organizations have also realized with the emerging time that people found working even after the conventional retirement age of 65 now-a-days.
Reconstruction is the key to increase value of one’s existing asset. A person who has years of expertise in property business, knows every nitty-gritty of resale realty market; for definite reasons he/she would like to deal in properties with impressive condition. Else, dissatisfaction lives every corner among the property investors. Once people have an anchored real estate portfolio of assets or distinctive influence or healthy holds in banks; in that case these existing properties can be presented as guarantee for fresh home loan application even if they belong to the 50 age group. Thus, raising loan for buying residential property is absolutely within reach at present.
However, it’s evident that there is no particular age or ‘ideal age’ for property investment or to buy personal residential property. Besides, home-loan EMI rates have also been curved by the banks to boost up real estate sale volume. Low-budget residential units are the latest addition in this ebb. Homes under PMAY will also be free from stamp duties and other prime tax labels. One can easily afford these residential units with easy available home loans. End of the day, your self-owned home gives the biggest security above all our living investments.
- By LNN (Liyans News Network)
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