Smart Real Estate Investment Tips for Kochi on a Budget

Posted onSep 29, 2024

Investing in real estate in Kerala is a good decision as property is always in demand here. The limited availability of space makes it a lucrative option for those who want to invest in real estate. Moreover, you can take your pick from a wide variety of properties - lifestyle apartments, flats, villas, commercial spaces, etc. When you invest in apartments, the best part is that you can always use it for your own family if required. You can find something that fits your budget and needs. Most apartments today have world-class amenities and facilities, something that most families are looking for today.

Here are some real estate Investments strategies in Kochi on a budget: 

Do your Research

Before making any investment, you must do your homework; prices, market trends, type of properties, amenities, financing available, and so on. You can search online, and maybe visit some of the properties to get the actual picture. You can also ask in your circle, especially if anyone has recently invested in property.

Check the Location

Property prices tend to be higher in certain localities within the same city. Some locations are more desirable as they are in the city centre, or close to important institutions, business centres, IT parks etc., and have essential markets, healthcare facilities and so on close by. You may want to look at emerging locations - places that are not yet developed but have future opportunities for development in Kochi.

Type of Property

Now you have to decide the kind of property you want - flat or villa? A flat can start giving you returns almost immediately. A 1 BHK or 2 BHK apartment is ideal for investors with a tight budget. Check the amenities being offered by the builder; power backup, security, garden, clubhouse, swimming pool, etc. Follow these tips for selecting budget apartments in Kochi to know more.

Bank Loans

If you have a good credit score, you can easily apply for a bank loan. There are many types of home loans available. Compare lenders and choose the one that’s best for you.

Here are some tips to earn returns on your investment:

Hold and Sell

Purchase property when the price is low, and sit on it till it appreciates. You can then sell it for a good profit. 

Flipping

Look for undervalued property, fix it up to increase its appeal, and then sell it. You can follow this investment strategy if you have spare funds for property renovation

Purchase Apartments Under Construction

Book an apartment when the builder launches the project or when construction is under way. You will get it for a much lower price. You can sell it when the project is complete for a much higher price.

Wholesaling

If you find derelict property that is for sale, look for a buyer who has a small budget. Make a contract with the seller, and assign the flat to the buyer for a slightly higher price. Here you don’t have to actually use your funds at all.

REIT

Real estate investment trusts are companies that own, manage, or finance real estate to generate income. They’re like mutual funds, as they collect money from many small investors, which is used to invest in properties that have earning potential. You can exit the market any time as REITs are traded publicly.

Conclusion

Real estate is no doubt a profitable investment, provided you are wise about it. Make the right decisions by doing your research and being diligent.

Varma Homes brings you affordable lifestyle apartments in Kochi - choose from 2 and 3 BHK apartments. As one of the leading builders in Kerala, Varma Homes ensures that all regulations and norms from RERA and other bodies are adhered to. Our transactions are transparent and hassle-free. We don’t just deliver homes. We deliver dreams.

FAQ

What should I consider when investing in Kochi real estate on a budget?
Research property prices, market trends, and locations. Focus on emerging areas and affordable options like 1 or 2 BHK apartments. Also, check available amenities and financing options.

How can I earn returns on budget real estate investments?
Hold property until it appreciates, flip undervalued properties after renovation, or invest in under-construction apartments for better prices. REITs are also a low-cost option.

How do I finance my real estate investment?
Apply for a home loan if you have a good credit score. Compare lenders, interest rates, and repayment terms to find the best option for your budget.

Whether you're looking for a budget-friendly apartment or considering innovative investment strategies, now is the perfect time to make your move. Explore affordable 1 and 2 BHK options with Varma Homes, where we offer transparent transactions and hassle-free financing. Contact us today to find the ideal property that fits your budget and investment goals. Let's turn your real estate dreams into reality!