Location: The value of a property is estimated by its location. So, make sure to have the clear picture of the location. Investors should take time to research the locality. Get a decent idea of the locality and see if it suits your purpose or not.
Legal Issues: People often end up buying property that comes with legal issues. So, before considering the investment you must ask for the legal documents to get assured that it is free from any kind of mortgage related issues. The buyer should not have any fear of third party claimant. Also, find out the registered owner of the property and be sure to get the true copy of the land title.
Property Rates: Due to booming real estate market the prices of property has soared to great heights. You might end up paying more for a property that is readily available in the nearby area at a lower price. So, you must do compare property rates of the locality before taking the final call.
Start with more focused investment: First have a clear idea of the kind of house you are planning to buy then make up your mind to invest money. Set your priority right for purchasing a villa, low- cost houses or apartments and make a rather focused investment.
Keep tax laws in mind: Tax laws might change over the years. So, make sure when investing money on the property that any kind of change won’t affect the deal in future even if the law changes.