One New Year resolution that will have unquestionably crossed the minds of the vast majority lately is purchasing a home. The doubt, however, is whether they will really get around to it.
Real estate is becoming one of the best forms of investment with an almost ensured return on investment. If something is known from recent trends, property values are simply set to increment from here on. Over the past year, many government reforms and development trends have made predictions for the new year look extremely positive. This means that for all aspiring homeowners and real estate investors, now is the best time to buy a home or invest in real estate.
Real estate sagacity typically tells us that New year is the prime time for house hunting and moving. People are more likely to get out and shop when the time is auspicious. However, there also are some very persuasive reasons to own a home and move during the starting months. Here we take a look at some of the reasons why this may be the perfect time to buy one’s dream house:
Affordability like Never Before
The costs of property available have never been exceptional than they are this new year. Properties in many regions have seen an ascent in purchasers because of the low costs advertised.
As always, property developers have launched several offers and new plans to woo future homebuyers. However, this new year has seen a drastic reduction in advertising expenses, and it also mentions nothing about subvention schemes as such schemes are now banned, however, many real estate still has some lucrative deals. There are huge discounts on projects and huge potential for homebuyers this new year.
Better regulation: The Real Estate Regulatory Act
Over the years, RERA has extended its protective umbrella over a large terrain. Buyers interested in properties under construction due to low price points are protected by this law and can confidently invest in any state to which RERA applies. They no longer have to worry about the project being delayed or stuck completely, or the developer reworking any part of the agreed-end product.
What to do?
Keeping all these facts in mind, industry experts state that this may definitely be the most appropriate time to invest in a piece of property as home prices can only move with increasing demand for the property.
Thus, if you are planning to buy a home for your own use and Ace Group is getting decent deals for you. Moving house costs may correct or even increase slightly – nobody is sure of it. So why wait? However, buyers are advised to take reasonable precautions when investing in property and buy their dream home only from a reputable developer, Ace has a proven track record of conveying projects on time as well there is no compromise on the quality of construction.