Buying rental property is a great way through which you can augment your asset base and at the same time enhance your income. East Delhi has become a favourite place, if you are in search for real estate purchase for the purpose of giving it on rent. But, choosing the right property in Mayur Vihar phase1 is a challenge in itself. In this article you can find the tips which you must consider before making a purchase in Mayur Vihar phase1
Location
Before making a purchase, keep in mind the fact that when you want to give 2 bedroom house to rent, the amount of rent will directly depend upon the location in which the property is situated. Tenants always desire for a sound neighbourhood, which is enveloped by all the basic amenities such as hospitals, schools and markets. Therefore, make sure that your property meets the criterion of the tenants if you want to give 2 BHK for rent in Delhi.
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Issues related to the property
When you contact any of the property dealer in Mayur Vihar Phase1 make sure you get the insights of each and every additional expense which is associated with the property, for instance, maintenance expenses. When you are aware about such expenses, then only you can decide about the rental price of the property. This way you can be assure of the fact there is a positive flow of income from the property.
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Building shape and size
These days people are fascinated with the idea of living in buildings which are of different shapes, wood sides or some different patterns. These buildings require very low maintenance, hence provides exciting rental income to the property owner. After certain paint coats both in the interiors as well as exteriors, they can become an enticing2 bedroom flat to rent. Thus, with the lower maintenance, you can earn great profit margin from the rent which the property provides.
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