Owning
a house of your own, and making a profitable bargain in the process is like
shooting two apples with one bullet. With some smart tips on how to search and
buy affordable house, you can squeeze the best deal from the property dealers
in Hyderabad.
1. What is affordable for you?
Affordability
is a referential term, which is based on your income and expense. In Hyderabad,
the mean price of an affordable house ranges between INR 1700 per square feet
to INR 4500 per square feet.
2. Sort by price
Depending
on the areas you wish to invest in, you can sort different properties based on
the price of the house. The top locations in Hyderabad for affordable houses in
the price range mentioned above are:
-
A.S Rao Nagar
-
Ameerpet
-
Boduppal
-
Hi-Tech City
-
Kapra
-
Final District
-
Dilsukh Nagar
-
ECIL
-
Gajulramaram
3. Immediate returns
Low-cost
houses in Hyderabad have exciting short-term returns. By choosing the projects
from best builders and developers, you can project your property in the list of
most affordable houses for rent in Hyderabad.
The
average housing rent in Hyderabad in the affordable category hovers around INR
14,500 to INR 25,750 per month. For furnished 2 BHK houses, the rental rates
are even more impressive.
4. Buy from re-sale categories
If
you wish to stick to a particular project, earn a sizeable profit of 15% to 30%
by buying a flat from resale category. Ensure that it is ready to move
property, and has no backlogs as far as documentation is concerned.
5. 2 BHKs are best options
Of
all the configurations, a 2 BHK flat in Hyderabad is the most profitable
acquisition, selling at least 25% more units than 1,2.5 and 3 BHKs.
Once
you’re done with the budget, it is time to do a little research on the local
area you will be moving into. It is of utmost importance that you thoroughly when
know the new area you’re shifting into say property experts at property.sulekha.com.
Look out for the community resources and schools of that area. You can take
help of the locals and search the internet for the same. Buying property in
suburbs of cities is also a good idea to make the best out of your buy. You can
also expect higher returns in short tenure, by investing there.