Uday Homz highlights the key pointers for making investment in land

Buying a piece of land for investment or for living is a crucial decision which involves various important aspects due to the high stake level involved. Uday Homz Gurgaon, one of the leading real estate entities highlights that the decision is majorly based on the objectives the buyer has in mind while making the purchase. However, it is imperative to consider various important factors before making the decision as it involves your hard earned resources. A single mistake can make you face heavy losses. Thus, the final decision should be taken only after going through all the factors.

It is crucial to know everything about the property before investing in it. Uday Homz Group highlights the important pointers which can help you in making the right decision.

• It is important to know how the property is accessed (Road frontage, deeded easement, etc.)
• The sources of water (rivers, creek, lake, and springs) near the property should be considered. You should know if there is potable water on the site, the flow rate and quality of water.
• It is equally important to know if the site has access to electrical power, natural gas, town water or sewer.
• It is crucial to consider the factors like the current property prices in the area and their chances of increase/decrease in the near future.
• The property you’re looking forward to invest in should not be a subject to covenant and restrictions.
• Undergoing a complete research about the land and its vicinity is something one cannot afford to ignore. The decisions made hurriedly often lead to wrong choices. For example- If you're looking forward to invest for commercial purpose, don't buy land completely isolated from potential customers. And if you want to buy the land for residential purpose, don't buy the land you can't build on. The access of the location to schools, your job, grocery shopping and restaurants is also an important factor while making the investment decision. It can help you in making up your mind and the final decision of whether to buy the property or not.
• You should know the annual property taxes as well.
• In order to know if the property has cleared legal titles or not, it is recommended to make a legal check on the history of the land.
• The operating history of the developer is something which should also be known to the investor. Thus, checking the name and the operating history of your chosen developer is important before entering into a contract with him. The facts like the number of projects successfully completed by the developer in the past, the possession of the developer’s land that has been taken successfully and if he has fulfilled its promises of giving facilities in the plotted scheme should be analyzed. Talking to a few buyers who have purchased property with that developer can be of great help.
• The residents of the locality are the best people to be consulted when it comes to acquiring complete information about the location of your property.
• Other important factors to be considered include analyzing the facts like whether the land drains well or it stays wet for much of the year, how does it land lay (slopes, bottomland, elevation change, etc), If it is desirable to other potential buyers if you had to sell it.

Keeping these factors in mind, you are likely to make the best investment decision with better returns in future.

Writing articles over real estate for one and a half years. I have studied about Uday Homz in detail and find it a realty investment expert.