Points Keep in Mind When Buying Commercial Property in Gurgaon
Investing in the real estate in a city like Gurgaon can be a very good and profitable decision. One can easily earn about 400 to 500 percent profit in just three or four years. Buying a commercial property can be a very complicated task especially when you are not a professional in this field. Having less or no knowledge of the process can be very harmful for the buyers. There are many cases in which the buyers get conned by the real estate brokers or the sellers of the property. This is why, when you are buying a commercial property in Gurgaon, it is better you take care of everything so that you get the best price of the property and there is no dispute related to the property you are going to buy.
Here is a checklist of the punts to keep in mind while buying any property whether it is a commercial plot of a shop for sale in Gurgaon.
Organize your Documents
When you are looking for a property, you must get your documents organized. Find all the documents that might be required at the time of purchase of the property so that you don’t miss any of them. If you have applied for a loan, then you should be able to produce al the required documents at the time of verification for easy passing of the loan.
Go for the best Real Estate Agent
It is not possible for you to be aware of what is going on in the real estate market and its latest trends. The real estate agents have a good knowledge of that. This is why; you need to make sure that you find a good real estate agent that ahs complete knowledge of the field and he helps you in finding the best deal. Discuss with him about your requirements and the expectations you may have regarding your property. You should also discuss about the price range you are willing to go for. This will help in finding the best option for you without wasting time on the options that are way too out of your budget.
Be ready to spend some extra
If you have some extra money, you can invest it in buying some extra footage. This will help you in growth of your business. It can also be used as a constant source for any other extra income.
Get your cash reserved
When you are applying for a loan, make sure that t is for long term with low percentage of down payment, you would definitely want to reserve your cash for better utilization after you have bought the property. There are many tasks such as renovation, minor repairs and changes etc. Here you will need some extra cash flow hence you need to keep your finances reserved.
Pay proper stamp duty and get your property register within four months of execution to avoid any type of penalties of complications. For best information on the best real estate agents, you can also check the online portals where you will find the best list of agents who will help you in finding the best deal for your commercial properties.