Devika Pragati Group Tips for Making Your Real estate Investment A Success

Every investor wants to have a safe and successful investment. Individuals who are financially strong, and young, they work hard and save funds to buy residential property and make their dreams come true. In addition, they also need a comfortable place to live in and build family. Therefore, you take help of professional real estate developers like us to make a wise and right investment to cater to your need and provide all features you want.

Apart from guiding you to the right investments, we- Devika promoters and builders also provide many other benefits as well. Unlike any other investment, value of real estate increases in time due to its growing demand because more and more people are looking for good safe and accommodating place that they can call their home. if you cannot live in your property, then you can use that for additional income, for instance, you can rent or lease the property to get regular income.

Other benefits of buying real estate property are tax benefits. Owners can enjoy other benefits since they can enjoy tax deductions. You can cut down your taxable income by the amount you pay on mortgage interest. Plus, you can also get a range of deductions which are used to maintain the rental property, repairs and insurance. In case, you are giving your property on lease, then there will be low cost of maintenance as well.

Our professionals at Devika Pragati Group will walk you through the process, and make sure that you understand every aspect of a real estate property before making final decision. 

Be aware before taking home loan

Now a days home loans have become extremely common and affordable. With the growth of competition in the market, more and more banks are vying with each other to lure customers into their fold which makes it very difficult to work out who is offering the best deal. 

 ‘Devika Pragati Group’ suggests taking following precaution while planning to take home loan:

• Borrowing should be done for the amount which you can easily afford to pay. Over stretching your financial capacity could mean trouble over the longer run as it is impossible to predict all life's future emergencies and unexpected expenses. It will be difficult to come out from a debt. So plan carefully.
• A little bit of research and study could make a difference of thousands of rupees. So try to get a detailed description of the loan plans, interest rates, fees and penalties from the lenders.
• Before availing a personal loan from any bank, do compare interest payable and other charges to know the best annual percentage rates available in the market. Always make a thorough comparison before finalizing the lender.
• Do not run behind fine prints and catchy slogans of the lenders which they make to attract the customers. Do not believe on the assurances if that are not provided in writing. If you are promised for a loan, do ask for the clauses and terms.
• Avoid making late payment as there is risk of delay charges and increase in annual rate. This will also affect the credit history. Increasing the loan tenure could end up reducing your monthly repayment burden.

 Plan and manage your finances carefully before finalizing your home loan. It is better to be safe while planning your loan than be sorry.