Tips for Single Women when investing in a property

Tips for Single Women when investing in a property

Wednesday, April 15, 2015

Investment in real estate is no longer an exclusive male territory or just for married couples. A majority of the property buyers in urban areas are now single women, and over the coming years, this will only continue to expand as development continues. The modern woman wants to purchase a home before any other asset, even before a car. A single women wants to protect and secure her future as she has the sources to do it today owing to financial independence, greater access to data about projects and builders, and also the wisdom to form an opinion after doing all the study. By educating themselves, single women have acquired a sense of home-buying spirit, making the dream of home ownership a reality. It’s a process that doesn’t necessarily begin with love first—unless it’s for her dream house. When buying as a single female, there are a lot of factors to consider.

Look out for your safety and security When you are a single homebuyer you need to consider and make sure that you live in a neighborhood which is peaceful and of course crime free. In case you are buying an apartment you need to check the safety and security features of the community you will be staying in. For example whether they provide a 24X7 security service? Do they have a CCTV surveillance system? And so on and so forth. You can also do some research on the internet about the locale you are planning to reside in.

Consider resale value and a long term purchase It is important to think about the resale value of properties during research. The easiest house to resell would be the one which is well constructed, well maintained and in a good neighborhood. An experienced real estate agent can help you in this particular point. Also it is wise to educate yourself on the area’s rental value in case you want rent it out one fine day.

Budget savvy Being a single buyer you need to understand that you are the only person with income in the household and thus need a home you can afford. So till the time you are on your own you do not need a celebrity mansion to reside in. Always work out and stay in your budget so that you can be prepared for any unforeseen financial changes.

Future Planning What if tomorrow you plan to start a family? So if your budget allows then you can always consider an additional bedroom for the future for a possible addition in your family. Make a smart choice.

The Perfect location Location, location, location is the key rule and mantra. Remember to always choose a home in a locality which has close proximity to daily necessities of life namely shopping malls, hospitals, banks and many more. You do not want to be walking or driving down miles to just buy a bag of sugar.

Meet with a real estate agent to help you in the search Searching solo you might always consider to contact an experienced real estate professional who has a detailed knowledge about the market. Look out for agents who do not disclose facts. A customer centric agent will always make sure to provide you deals which have passed the litmus test.. So Ladies, pick up your shopping and Happy home buying!!!