INVESTING IN REAL ESTATE DURING LOCKDOWN

2022-01-20 11:28:23

The pandemic situation has affected the economies adversely besides bringing life to a halt due to lockdown. But it has also proved that there is no place as safe as your home. So, many people are speculating about buying a home. We have tried to present a few reasons why buying a home during lockdown can be a profitable proposition.

• Use of technology
• Best pricing
• Lower interest rates
• Safe investment
• No paucity of time
• Investment opportunities for NRIs

Use of technology

Like most industries, real estate companies are leveraging the power of the Internet to reach their customer. They are using social media platforms and offering virtual tours of properties, making it easy for the buyers to make a purchase decision. Buyers can have a fair idea of the property through virtual tours. They can search for real estate companies on the Internet.

Best Pricing

Due to the lockdown situation, real estate prices have slashed. Real estate companies are offering lucrative deals and attractive pricing in order to sell the property. Hence, this is the right time to purchase your dream home if you were contemplating buying one. Buyers are always looking for offers and this is exactly what the real estate industry is offering.

Lower interest rates

Due to the pandemic situation, the government has cut down home loan interest rates. This means your dream abode will cost you much less than it would have otherwise.This relaxation has made the home buying a profitable option.

Safe investment

While most of the investment options like stock and shares are not safe during the lockdown situation, home buying is still profitable. The reason for this is that home is a tangible asset and a long-term investment.Apartment and villa can fetch you a good return. Being tangible in nature, it will remain the same if not touched while other investment options like stocks are volatile. Buying a home might not seem profitable at the moment but will certainly benefit you in the long run.

No paucity of time

The lockdown has given people a lot of time to ponder and make a choice carefully. With the facility of virtual tours and websites, they can search for their dream home in a more effective manner. They can do thorough market research while making a decision.

Investment opportunity for NRIs

The decrease in the prices of properties has also encouraged several NRIs to invest in property. Immovable property is a good investment option.

Your home is not only a safe haven but also a great investment option. With a home, you are settled in one place and can focus on other things which is not the case if you are living in a rented space. Your home is yours and you can furnish it exactly the way you want. You are more in control of your surroundings. Owning a home also instills a sense of pride.

Argus Homes is undoubtedly one of the best properties in Jaipur with regards to construction standards, architecture, luxury, and location. With all these merits, buying a home in Argus Homes will be a wise decision. So, if you are considering buying a home, this is the right time.