Buying real estate is one of the most popular investments for many people. The truth is, however, that it’s not always as simple as just buying a house or apartment. In fact, there are many myths surrounding real estate purchases that can lead to bad decisions and costly consequences if you don’t know how they work. In this article we’ll discuss some common myths and reality in order to help readers make better choices when making their next investment or purchase!

We have contacted some reputed residential property developers in Kolkata to bust some of the most popular property myths.

Rentals bring high returns

If you’re looking for a high return, then rentals are not the way to go. They can be helpful in earning some passive income but they won’t provide you with the same level of returns as other investments like stocks or bonds.

Rentals are also great ways of saving money on your mortgage payments and other expenses associated with owning real estate, such as property taxes and maintenance costs (which are typically included in monthly rent).

Location is everything

It’s not just about the physical location of a property or building, but also its surrounding environment, which includes demographics and existing infrastructure. If the residential project is situated in an underdeveloped area that has no jobs or transportation options close by – it could be difficult to sell your home quickly if you choose to move out of state.

Location isn’t always the most important factor when buying or selling a home; Construction quality and amenities of the project are equally important while buying a home.

The price will always increase

The price of real estate is cyclical. The price of real estate can go down as well as up, and you should consider the long-term effect on your investment. Many believe that holding a property for a long time assures exponential returns. However, that’s not true. Property prices too have a saturation point depending on the locality, infrastructure and construction quality. The prices will stop increasing after reaching that saturation point. Sudden decrease in demand can also result in massive drop in property prices.

Investing in real estate is a great way to earn passive income

The big problem with real estate is that it’s not a beginner-friendly investment, but if you’re looking for an investment that can provide steady returns over time, then real estate may be right for you.

If you have never bought or sold any properties before and don’t know the first thing about them (or even worse: think they’re too risky), then we recommend proceeding into this arena with caution. There are many things that can go wrong with a property purchase–from getting stuck at paying mortgage payments on something that isn’t worth much anymore to having problems selling your home at all due to low demand from potential buyers. Successful investors not only have the willingness and ability to recognize these potential pitfalls but also they work diligently toward avoiding them before they occur!

Investing early in real estate is risky and not suggested for young people

As a young person, the idea of investing in real estate can be daunting. The process is difficult, stressful and time consuming. It’s also expensive! But, if you’re willing to invest, it is better to invest while you are young. Banks are willing to disburse loans to young people as they have more time to pay them back. A veteran developer suggested that it is always wise to invest in real estate in your late 20s or early 30s. He says, ‘For most of our ongoing real estate projects in Kolkata, the number of young people within their late 20s buying homes is significantly high.’

Learning about common myths can help you make better investment choices:

It can sometimes seem like getting into real estate is a bad idea because there are so many negative stories about how people lose money for wrong investment decisions. It’s true that investing in profitable real estate can be tricky but a little research about properties can help you purchase wisely. With time, you will gain experience on cracking better deals.

The next time you hear someone tell you that real estate is a bad investment or that it’s too late to get in, remember the myths! As long as we keep these myths in mind, you’ll be able to make better decisions for future investments!


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