One can change the condition, price, and size of a house. But something you cannot change after buying a house is its location. Investing in a house that is in a great location can make a huge difference in its value.
A house with a good location increases its desirability, that desirability creates demand, and the demand increases the price for that real estate. Initially investing in a property at a good location might cost you a tad more, but in the long term, it will open numerous other profitable options for you.
While investing or buying a property, location is an important factor to consider. One of the best places to invest in today is places near an IT hub. The majority of people today are investing their money in properties near growing IT hubs that they either choose to live in or earn a profitable income by leasing. Places like Hyderabad, Bangalore, Gurgaon, etc are some of the emerging cities in India that offer a plethora of reasons to invest, one of the major reasons being, their vastly developed IT hubs.
Some of the factors that make investing in an IT hub profitable are:
Reduced commute time –
Having a property near an IT hub will help people reach their workplace on time. They can spend more time at home instead of sitting for hours in traffic. Having a property near their workplace along with easy commute services like buses, metro, and other connectivity will further help one decide if one has to deal with extra traffic time or not.
These days you will find most residential properties located near IT hubs. It has become an ultimate housing solution for the people working there. It not only helps you avoid traffic but also helps you attain a work-life balance.
Important services in close proximity –
If a working family has children with them, then one of the most important points for them to consider becomes finding a proper school nearby. Other services like hospitals, recreation centres, shopping complexes, etc. also act as an important deciding factor. With the growth of numerous residential areas near IT hubs nowadays, all areas near IT hubs have been stocked with a variety of essential amenities.
Good lifestyle –
No one wants to live in a historic urban neighbourhood. Everyone desires to live in a place that is quiet and family-friendly. With emerging demographics of the working and residing population, a variety of social and recreational centres have been made near IT hubs. The majority of the population that reside near IT hubs are between the ages of 21 – 31 and can enjoy their social lives thanks to the wide range of entertainment facilities nearby.
Safe neighbourhood –
Having property in a neighbourhood that is not only safe today, but also will be safe after 5 years matters the most. Be it a family or a group of bachelors who rent the property, everyone needs a roof over their head to protect themselves from all possible dangers. As of today majority of the properties, especially near IT hubs, are built with good security systems. Therefore it is important to have a note of criminal activities in that area and then invest in it because the safety of the location also defines its market value.
Lucrative Return on Investment (ROI) –
Apart from all the factors mentioned above, the property near IT hubs will always be in great demand. If you’d like to sell the property in the future, you will always get a high resale value, or if you’d like to move out from the property and put it on rent, even then you’d earn good profits in the near future.
If your property is located in a good area, then it will eventually be more in demand and have a higher selling price in the future. Whereas if it is located in an underdeveloped area then it will have nearly the same price in the future and will not be much in demand. Therefore it is always advised to find a property that won’t need you to make a sacrifice on its location, as the location of the property also determines a lot of factors concerning its future value.