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Are you looking forward to starting a better standard of living? It is probably common knowledge that buying a new home with modern features paves the way to the lifestyle of our dreams. We tend to choose a home built by a reputable builder in a better location that meets today’s conveniences. Therefore, when it comes to the advent of a new way of life, buying a new home is the first step most of us tend to take.

However, is this the only thing you can expect from a residential property? Why not start investing in residential property and enjoy the benefits of it?

With the purchase of an apartment, ownership of the new house is assured. However, investing in residential properties generates passive income. Whether you invest in a residential flat in Kolkata or elsewhere, choose a property that guarantees a high rate of return.

You should check the growth ratio of the region where you plan to invest in a residential property. If the region lacks any sign of growth or promise, this will become a long-term financial burden. On the contrary, a good investment like investing in residential flats in Kolkata in various regions (such as Madhyamgram, Serampore, Tollygunge, Rajarhat, EM Bypass etc.) will generate income for mortgage payments, tax cost, repairs etc. through tenants. It could become an essential channel to build wealth if you lay out the perfect plan around it. your planning is going well.

Here’s what you need to know about buying and investing in residential property.

Buying and investing: understanding the concept

Residential properties comprised of a defined area of ​​land consisting of apartments or a detached house built for single or family dwellings. These should not be used for commercial or industrial purposes. These spaces are reserved primarily for occupational purposes and assume long-term residential use.

On the other hand, an investment property can be a long-term or short-term investment. If we consider the duration in the short term, the concept of ‘changing’ a house enters the picture. In this case, the property is bought and remodeled or renovated and sold for a higher price.

Income can also be generated by owning the property and renting it out to others, or by selling the property at a time when the value has appreciated. For example, if you buy a house in Kolkata near the airport, good schools and universities, the price of the property will automatically be high.

Other than that, here are the features that set the two apart:

Buy a residential property

Invest in a residential property

Choose the correct property

It provides better standards of living along with fulfilling the requirements of family members.

Long-term investment

full ownership

Potential Challenges: Long bank payments, poor connectivity, few location advantages, etc.

Generate passive income

Caters to the growth of a region which in turn increases the value of a property for income from rental or sale of property

It can be a long-term or short-term investment

The owner enjoys ownership of the property

Potential challenges: Uneven stream of income, property value could fall, liability for repair and maintenance costs, etc.

We can explain this by taking a metropolitan city as an example. For example, if you consider Kolkata, you will come across a large number of residential projects. So, whether you are buying a home in Kolkata or investing in property, doing a thorough analysis of the region you are targeting specifically is essential. Be it north or south of Kolkata, it is always necessary to know which areas will give you the best advantages to meet your requirements.

Make all the arrangements, do your research and treat yourself to the best living space. –

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