Property investment doesn’t just involve money but a lot many fables. We have tried to debunk the top myths related to real estate which influences buyer decision:

Real estate myths busted

Myth 1 – Price appreciation is a never ending process Reality:

Prices reaches saturation after which they do not rise further. Prices attain saturation if the locality is already established, have big ticket infrastructure such as metro or flyover in close proximity or have all amenities in place. There can be nothing more which can attribute to price rise.

Myth 2 – Infrastructure pushes property prices Reality:

Infrastructure announcement attributes to maximum increase in prices. It impacts the rental demand and costbut capital values remain uninfluenced except during the initial phase.

Myth 3 – Doing interiors pushes up the prices Reality:

You might be investing for doing up the interiors to get good deal but the new buyer moving in might redo it to suit according to his needs. So, you are wasting your time, energy and money if you are investing in interiors.

Myth 4 – Green homes/Eco-friendly homes are expensive Reality:

It hardly adds up to the 10 per cent of the total cost which also gets recovered over long period of time. Read more www.advice. magicbricks.com

Myth 5 -Top floors always carry premium Reality:

For cities like Mumbai, where living on heights is a craze, pent houses in areas like Noida, Delhi and Gurgaon are still not popular and do not command heavy premium.

Myth 6 – You shouldn’t invest early in property market Reality:

There is no right age to enter real estate market. If you enter early, you can become an owner soon and can get rid of loans at considerable early age. So, investing when you are cash ready and almost equipped to pay off the EMIs, is always a right decision.