FEBRUARY 202419Developer's credibility before you invest in any property, make sure that the ones you have shortlisted or chosen are associated with credible developers and builders. Focus on who provides the best services rather than who promotes and advertises them-selves the most in public eye. Remember the old adage: `All that glitter may not be gold'. Here are some things you can consider to validate the credibility of a developer:· Market credentials: Determine how long the developer has been in the market, their experience, and number of years they have been active specifically in the development space.· Past record: Check the past delivery record of a developer before making an offer. A good track record in project delivery means that a developer is reliable and capable of fulfilling the investor's requirements.· Project management: One of the greatest credits to a developer lies in their ability to manage and handle multiple projects at a time. A developer supported by a strong team can make project management more efficient and effective, and build trust within investors as well.Your specific requirements Next thing to keep in mind is to deter-mine your specific requirements in a property where you wish to invest. To keep it simple, simply go through the following checklist to make the process easier.· Why are you buying? It is important to establish a clear intention for buying or investing in property. Make sure you do it for the right reasons.· What are the future plans in terms of holding the property? Once you have established intent for buying or investing in property, make sure you establish what you wish to do with in future. Will it be a lifetime buy or just investment know which one works for you best.Corporation limit With corporation limit, a project come on its various merits and demerits.Fundamental analysis In most cases, fundamental analysis is more important than technical analysis as it can give a far better idea on overall property information. Through fundamental analysis, you can consider factors like type of locality, market trends, buying behavior, etc. Further-more, it can also paint a far clearer picture to give you an idea about the overall property rather than just focusing on its technical aspects.Emotional & logical reasoning As we have established earlier in the article, emotional and logical reasoning go hand in hand when someone decides to buy property. While some may purchase it to demonstrate their overall career growth and capacity to own such assets, other may invest in property simply for better returns in future. Irrespective of individual or specific reasons, emotion and logic are key driving factors of buying and investment decisions when it comes to property.Property investment is probably the safest investment option among other assets as it is part of an industry that is expected to see demand, even during slow periods of growth. Therefore, you can always consider investing in this sector, provided you go through the aforementioned points before making your final decision. By observing such encouraging trends, it is natural to feel inclined or develop an interest in different properties
< Page 9 | Page 11 >