Which factor is responsible for the future appreciation of a property?
Any real estate investor calculates and does market research prior to putting down money for a particular property. A property is not only bought as a dwelling place, in fact, in quite a number of cases a property is for business, which is all about maximizing the profits. One of the main focuses of property is the value appreciation of that particular property. Some properties have a very rapid appreciation rate whereas there are properties that take ages before appreciating in value.
So, how does one evaluate whether a particular property will have appreciation? To understand the mindset of buyers, www.makaan.com conducted a poll that talked about the factors that are responsible for the future appreciation of a property. The highest votes portrayed that the buyers think that it is the infrastructure development that contributes 69% to the appreciation of a property. New roads and water, electricity and government presence always contribute highly to any area.
On the other hand, buyers are of the opinion that development of commercial activity contributes 19% to the appreciation of a property; and the high prices for houses in the vicinity have 11% role in the appreciation of a property.
Buying a home is one of the most significant financial investments that one ever makes; therefore, it is only advisable to do a proper market research and survey prior to finalizing anything. For more of such poll reports and to cast your vote in a poll, visit: http://makaaniq.makaan.com/ .