Home Buying Myths Busted- Real Estate

Purchasing a home is the biggest investment you ever make in your lifetime. But, while making a purchase, one gets indulged with various myths associated with home buying. These myths and misconceptions can lead to wrong decisions for your lifetime. Before investing in your dream home, please clear the misconceptions mentioned below.

·         A rented home is better than own one

This is one of the biggest myths that come around while one is thinking about buying a new home. Today's generation believes that rented apartments are more affordable as compared to owning a home. The rent amount will always be less than the EMI of the home loan. But, the reality is that real estate investment is one of the biggest assets in the current time. 

 

·         It is wise to make investments in the metro cities

Investing in the metro cities comes with several advantages but the investment cost will always be higher on the one made in metro cities as compared to Tier-2 and tier-3 cities. Rapid appreciation will always be faster in the Tier-2 and Tier-3 cities.

·         RERA is associated with every project of the country

RERA stands for Real Estate Regulation and Development Act that was established in 2016. RERA aims to bring discipline to the real estate industry. It has rules for the builders and safety guidelines for the home-buyers. But, many people are not aware of the fact that RERA only covers projects with 500 square meters or 8 units and more.

·         Investments in real estate are always risky

Any investment has its own set of risks be it any industry. Real estate is one of the secured investments and risks associated with it are way less than compared to other investment fields. While buying a home, the buyer should be really careful about the builder, projects, and documents. 


 ·        Attractive advertisements mean a trust-worthy builder

Marketing and advertising are an integral part of every industry. Do not get trapped under the sugar-coated ads of the real-estate projects. Do your research thoroughly before finalizing your dream home as it is one of the biggest investments of your lifetime.

To purchase your dream villa in Vrindavan, visit https://sunbeamrealestate.com/

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