Location or Size: What is More Important For A Homebuyer in Hyderabad
Hyderabad is a well-known location because of its real estate growth and the commercial properties developed by major businesses from all over the Nation. The new residential projects in Hyderabad are looked at by home buyers with a dilemma of whether to focus on the location of the property or the size of it. The question is valid since they both are the factors that determine the price of the property.
The guidelines mentioned below can help you choose better:
1. Assessing what you need:
When looking for flats for sale in Miyapur, you must know what your requirement is, is it the space for a big family you might have, or is the location advantage if you are looking for a sophisticated environment? This assessment will help you understand how you want to invest in the home.
2. The resale rate:
If you are planning to invest more as per the location advantage, you must also know what the resale rate of the home in that specific location is. This will help you understand the return on the property you are bound to get in the future if you ever plan on selling it. Although, a good spacious home with more amenities brings you a higher resale rate.
3. Returns on investment:
If you are looking to buy flats for sale in Kompally to give it one rent, then you must have knowledge about the potential tenant price that you are to get. This gives you an estimate to figure out whether you should be investing the money and if you are comfortable with the time it will take for you to get the returns you are expecting.
4. Upgrade your life:
There are a lot of real estate developers in Hyderabad who is thriving and building better projects every day. However, if your intention is to move your family to your new home, then you obviously are planning to upgrade your lifestyle which happens by making better renovations and rearrangements. This means there are extra funds involved and you must consider them before you conclude on a particular location or the size of the home.
So, in conclusion, when you are planning on making an investment in a home specifically for financial reasons, the location will always favor you. However, when buying a home for residential purposes, the size of the property is more beneficial to look for.