{"id":22055,"date":"2016-08-30T11:18:02","date_gmt":"2016-08-30T11:18:02","guid":{"rendered":"http:\/\/www.casagrand.co.in\/?p=22055"},"modified":"2024-12-24T16:47:33","modified_gmt":"2024-12-24T11:17:33","slug":"top-myths-investing-real-estate-actually-false","status":"publish","type":"post","link":"https:\/\/www.casagrand.co.in\/blog\/top-myths-investing-real-estate-actually-false\/","title":{"rendered":"Myths about Investing in Real Estate that are Actually False"},"content":{"rendered":"

Buying a house is not something we do every day. One may do it once in a few years, once in a decade or two, or even only once in a lifetime. Despite the fact that investing in real estate is not a frequent occurrence for most of us, we generally know how it works, mostly based on our family members\u2019 or friends\u2019 experiences.<\/p>\n

We do know that buying a property is indeed a big decision as there are many things that need to be considered<\/a> before buying a property, apart from the financial investment. However, there are always a lot of myths that surround the whole real estate concept. We have compiled some of the most common myths, which are completely untrue.<\/p>\n

Myth 1:<\/strong><\/h2>\n

You need luck to be successful in real estate investment<\/p>\n

Truth:<\/strong><\/h3>\n

To be a successful investor in the field of real estate, you need insight, research, and some instinct. No matter whether you are a recurrent investor or a one time buyer, you need to depend on your skills, instinct, and knowledge than on your luck.<\/p>\n

Myth 2:<\/strong><\/h2>\n

You need a lot of cash before buying a property<\/p>\n

Truth:<\/strong><\/h3>\n

Of course, you need some money to start with, but to buy a property, you need not have the entire cash in hand. You can apply for home loans<\/a> or invest in pre-launch properties. When you invest in pre-launch homes<\/a>, you need to give only an initial down-payment to book your apartment or villa, which will be very nominal. Furthermore, these properties will provide you a lot of time to organize your finances.<\/p>\n

Myth 3:<\/strong><\/h2>\n

There is a good time to buy property, and one should wait for it.<\/p>\n

Truth:<\/strong><\/h3>\n

\u201cStrike while the iron is hot;\u201d <\/em>this proverb holds good if you are planning to invest in real estate. Prices of properties are increasing a lot, these days. Therefore, the sooner you invest the better.<\/p>\n

Myth 4:<\/strong><\/h2>\n

There are not many tax benefits when one invests in a property.<\/p>\n

Truth:<\/strong><\/h3>\n

Apart from the tax deduction on home loan interest and principal components, there are several tax-efficient ways to buy a home<\/a>. For example, you will have deduction on stamp duty and registration charges, deduction on interest component, deduction on principal component, etc.<\/p>\n

Myth 5:<\/strong><\/h2>\n

Eco-friendly homes are expensive.<\/p>\n

Truth:<\/strong><\/h3>\n

Investing in eco-friendly homes add hardly 10% to the original cost, which also could be recovered over time. Alternatively, you can customize your homes to environment-friendly<\/a> after buying. Furthermore, setting up terrace gardens and maintaining them<\/a> are quite inexpensive.<\/p>\n

Myth 6:<\/strong><\/h2>\n

Ready-to-occupy homes are comparatively expensive.<\/p>\n

Truth:<\/strong><\/h3>\n

If bought from a credible builder like Casagrand, ready-to-occupy homes are affordable and rightly priced. In fact, ready-to-occupy homes have several benefits<\/a> like tax exemption, rental savings, limited risks, price appreciation, etc.<\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a house is not something we do every day. One may do it once in a few years, once in a decade or two, or even only once in a lifetime. Despite the fact that investing in real estate is not a frequent occurrence for most of us, we generally know how it works, […]<\/p>\n","protected":false},"author":1,"featured_media":34313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[249,523],"tags":[395],"class_list":["post-22055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-home-buying-process","tag-investing-in-real-estate"],"acf":[],"yoast_head":"\nTop Myths about Investing in Real Estate that are Actually False<\/title>\n<meta name=\"description\" content=\"Real Estate Purchase should be made after being well informed. Here is what you need to understand before investing in real estate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casagrand.co.in\/casaapi\/wp\/v2\/posts\/22055\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Myths about Investing in Real Estate that are Actually False\" \/>\n<meta property=\"og:description\" content=\"Real Estate Purchase should be made after being well informed. 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