surviving the real estate
CategoriesApartment,  Real Estate

Surviving the Real Estate Off Season

Times have drastically changed and each one of us has gone through some kind of loss. Well, that’s that. But what about businesses and industries? The ones which are meant to provide the necessities to humanity. Unfortunately, they too have gone through the same and been a part of this vicious cycle. What we are talking about today is the real estate business.

real estate off season

However, it is not just the virus that is to blame for such difficult times. Even if it wasn’t for the outbreak, surviving the real estate becomes a task. There are several reasons to it such as the end of the year, holiday season or just a month packed with festivities. But, there are surely some tips and tricks that you should try for yourself if you feel like it has been an eternity and you haven`t gotten a good deal. Here are those:

  • Grab the opportunity:

The off-season indeed demotivates you a little bit. But, there are chances that you might come across a deal that is going to invite just enough buyers as it would otherwise. This is precisely when your analytic skills will come in use and you could get some help surviving the real estate even in the off-season by just being on edge.

real estate off season

  • Making new connections:

While you are stressing about the very scarce work that you have to do, you can utilize your time in making new connections and reaching out to different people who you think might be potential buyers or customers. For example, try reaching out to customers who have been looking flats for sale in lb Nagar and then try finding some other new customers.

  • Learn what’s trending:

Don’t we all love trends? Yes, we do and that can be one way out for you when it comes to getting buyers in the offseason. You can do a little research about what is it that buyers are more interested in lately and then look for sellers accordingly. You might spend a lot of time researching but it is quite certain that you will crack a deal. Lately, 2 bhk flats for sale in Hyderabad are grabbing the most attention.

  • Get your licenses:

We all know what a headache this task is. Running around different offices, arranging paperwork etc. but you might want to use this time to get that work done and buckle for the next season where you will have lots of customers to attend to and not worry about the license issued or not.

real estate off season

  • Venture into the virtual world:

If you have been looking for that one way to surviving the real estate business in offseason, this is it. Going ahead and registering your business and services on different social media platforms enables you to reach out to a larger number of customers. Growing on social media indeed takes little time but since you have the time now and you could some tricks such as using the most searched keywords and grow your business. The two most trending searches have been flats for sale in lb Nagar and 2 bhk flats for sale in Hyderabad. Incorporating these in your posts and updates should do the trick.

We know it takes a lot of hard work and effort to get a business to survive and thrive in the off-season but with a little bit of help, you can certainly do so.

Real Estate: Increase Real Estate Business

 

low housing inventory
CategoriesReal Estate

5 Strategies for Success With Low Housing Inventory

Low housing inventory is something that we all have been witnessing since the past few years but with the pandemic and everything that has been happening around, a lot of predictions have been about 2020 seeing the worst phase of it. Moreover, real estate businesses all over the country have been finding it hard to survive and people have no option left but grasp straws. In such times, low housing inventory can make things worse and hence, you must be aware of certain strategies that will help you cope up with such situations. Here are some of those:

low housing inventory

  • Look out for new constructions:

While most of the services have resumed, builders also have resumed the work of building new houses, flats and apartments. To look for some new flats for sale in Hyderabad you should be in touch with developers that were working on projects but were forced to stop due to lockdown and the virus. Making contacts with them will make sure that you are amongst the first one to be able to make deals.

  • Reach out publicly:

Now, since there are very limited options you will have to venture into the market and look for properties that need brokers or are looking to sell houses without much of a hassle. To do so, you can take the help of social media, personal and professional contacts or you can even post advertisements on newspapers and webpages. In this way, you will reach out to such sellers directly in no time.

  • Expired Listings:

This is the perfect time to go back in time and look for properties that were out of range for some reason or the other. With the market fluctuating, such properties might need your immediate attention. If you have missed out on 2 bhk flats for sale in Hyderabad you can now try once again since buyers who would otherwise ask for 3 or 4 bhk are now willing to settle for less as well.

  • Carve out a plan:

In such times you might want to act wisely and go according to a plan. Hence, we advise you to take one step at a time and not get overwhelmed. To keep a track of new properties for sale, start by reaching out to your close friends and relatives. Then proceed with friends, sheer acquaintances and so on. In this way, you will see where you are going and how much luck will you have.

low housing inventory

  • Sale by Owner:

By now, you must be aware of the fact that if the owner is coming forward and selling a property, the chances of it getting sold increases. Thus, you will have to look for such flats, houses and apartments if you want to speed up the process. You can also visit different websites which have options listed to sort out and go for only the best.

With these simple tips and tricks by your side, you will be able to make good sales and survive even during low housing inventory and learn a thing or two when things go downhill like these.

Also Read: Real Estate Investment

CategoriesApartment

Why Choose 3 BHK Flats Instead of 2 BHK Flats in Hyderabad?

Choosing the perfect house among all the available choices can be a tedious task indeed. The four-letter word ‘HOME’ instills thousands of feelings within us. But, with time, the preferences of the people have changed. The present generation is investing more in flats than on villas. As a result, the flat sales have significantly gone up in the past few years.

Hyderabad, which lies as a landmark city of India, is evolving with every passing day. The city faces innumerable migration every year. With the amount of people moving in, the demand for flats in Hyderabad is also increasing.

The most common type of flat that people invest in is either a 2 or 3 BHK flat. People tend to invest in 2BHKs more as there exists this belief that 3BHKs are costlier. In this article, we are about to list a few reasons why investing in 3BHK flats in Hyderabad is a better idea.

Reasons to Choose 3BHK over 2BHK flats in Hyderabad

1. Greater Space

Everyone likes their homes to be big and spacious. 3BHK flats in Hyderabad provide a greater space. With most of the families having 4-6 members, 3BHK flats are ideal choice. The flat can accommodate everyone comfortably. Even if you have a 2-4 member family, the additional rooms can be converted into office space or guest rooms.

In Hyderabad, which is a suburban city, there would be plenty of guests visiting your house during family get-together or office parties. By choosing 3BHK flat, you have the space to accommodate everyone.

2. Economical Choice

Most people do not know that buying a 3BHK is much more economical than buying a 2 BHK flat. At just 20 to 30% higher price, you can get an additional room, bigger space and add more aesthetics to your house.

In cities like Hyderabad, the average price of a 2BHK apartment could range between 40 – 50 Lakhs. On the other hand, you could get a big and spacious 3BHK flat in about 52-55Lakhs. These are average prices and do differ with the change in localities.

3. Connectivity

Another important reason of why it is wise to invest in 3BHK apartments in Hyderabad is the planning of the city. Most of the well-known and gated societies offer 3BHK flats. To get your hand on a 2 BHK flat, you might have to move towards out-skirts of the city. This can cause transport and connectivity problems. It’s wiser to be on the safer side.

4. Easier to get Loans

If you are planning to take a loan for a house as small as a 2BHK flat, you are likely to face some rejection. Banks and loan providers are more keen to provide loans to bigger apartments and renowned projects.

Conclusion:

A house is a permanent asset. It’s advised to plan your house according to your future needs. In places like Hyderabad, it’s important to stay connected. With all the reasons listed above and a few more aspects, investing in a 3BHK flat is a much more convenient option. But the decision is yours. Think twice and then decide.

CategoriesApartment

How to Select the Best Residential Area

Choosing the right apartment with the right amenities is important but the location plays a huge role while selecting one. It determines the house’s value. When looking for a home with the best residential area, there are certain things you must not forget, here they are:

1. Centrality

It is important that your house is located at reachable distance from some important facilities like Hospitals, schools, railway station, bus stop etc. Finding a property which is located at the center of everything is not easy but getting one which is close is possible.

This will not only be easier but also save your time from unnecessary paying for travelling long distances to get at a particular place. A property situated at a seclude area where transportation and getting other facilities is not easy can be a real problem over a course of time.

2. Neighborhood

Your neighborhood decides how you feel about that particular property. Living in a safe neighborhood is essential because you need to feel secure when you go out. Also, the appearance of the neighborhood matters, like if there are enough trees surrounding the area or not. It only makes it more desirable.

There should also be good accessibility from your neighborhood. Basic shops like grocery, hardware, salons should be at a better distance, so you do not have to go long distances every time you have to purchase a basic thing.

3. Development

Development of the area is essential. It is not the amenities that are present now which matters, future developments are important too. Plans like future schools, public transportation, airport, hospital etc can largely improve the property’s worth.

Commercial development is also one of the factors which can improve the value of the property. The better are the future plans, the more desirable property becomes. There are some of the best residential space in Hyderabad which offers great development plans over the course of time.

4. Lot Location

Paying attention to the actual lot location of your house is important. Imagine your house being located right in front of the national highway, that can cause a little noisy situation wouldn’t it? There are many residential space in Hyderabad which are located at such places.

It also means that such houses are sold at cheaper rates because its hard to sell them. Also, some houses which stands right next to community centers, gas stations or churches etc then you may experience large traffics and extreme parking situations.

Conclusion:

Finding the best location is a subjective matter. People choose what suits them and it is as per every individual personal need. Know that along with the location, you are maintaining your budget also. Don’t lose the house’s value just because it has certain attractive amenities like gyms, malls, grocery stores etc nearby.

Along with choosing the right property, choosing the best residential area is very important and residential space in Hyderabad is just offering that because it includes all the above aspects in the above given article.