No doubt, residential land is a good investment similar to buying flats. Even the latest study shows that plots tend to generate high capital returns in India by 7% annually since 2015 in 8 major cities including Hyderabad.
During the period from 2018 to 2021, Hyderabad witnessed the highest 21% annual growth rate. So, if you are looking for plots for sale in Hyderabad, this is the right time for you to consider buying one.
And, there are many advantages of doing that as well. Still, many people fail to understand that investing in an empty piece of land is more profitable than buying a house.
The land has a higher resale value
Whenever you are considering whether to buy a piece of land or a house, keep in mind that it is easy to sell land than a house. The only reason is that the resale value of a piece of land appreciates from time to time.
Although you may rent out your house when you need steady cash flow, the value of your property will lose over time. It means the value may depreciate because of certain factors such as outdated building design, normal wear and tear, and old-fashioned construction style. As such, it needs renovation.
Apart from that, the construction of modern-day projects that offer better amenities can negatively impact the price of your home. However, the value of land appreciates rapidly. Moreover, the value of the land increases depending on the location, too.
In addition, selling a house involve a lot of hassle sometimes. To make the house look presentable to the buyers, most homeowners spend a considerable amount of time and money to fix the existing problems. Still, buying flats or houses yields profit in the long run in other ways.
While there is no flow of cash when you buy a piece of land right away, it is an excellent choice if you are planning for a long-term investment. In short, a land might sit for some time without making a profit, the higher resale value makes up for it.
You can maintain a land with ease
There is no denying that lands are easy to maintain and it does not take much effort. In reality, owning land is hassle-free.
Both houses and flats need plenty of maintenance. And, it is a necessity because you are living in the space and want it neat. But if you are planning for a quick ROI (return on investment), never forget that you have to deal with many things at the same time.
It includes major renovations, fixing wiring issues, minor plumbing, and so on. Moreover, negotiating with tenants can be tough. However, most people take good care of their rentals and treat them like their own place. But not everyone is courteous.
Being a landlord, you are responsible for fixing discolored wallpaper, worn-out carpets, scratched floors, peeling paint, and other issues that will arise with time. On the other hand, if you buy one of the best HMDA plots for sale in Hyderabad, you don’t have to visit it often.
In addition, the property taxes on lands are quite low. If your land is in a secured location, chances are that it has a boundary wall. That way, you need to visit your land once in a while to ensure no illegal activities are going on.
Do whatever you like with your land
When you are buying one of the renowned gated community plots in Hyderabad, you can do whatever you want with the land. Regardless of the size, it depends on you whether or not to hold the land as an asset.
You can always construct a house or sell the land. If you are planning to build a double-story building that has a front garden, you can do that. In the same way, if you want a pool in your backyard or have a specific floor plan in your mind, you can incorporate the same.
When you are free to do anything with your land, you will not think twice about incorporating certain things. You can use expensive and durable materials, install solar panels to save on utility bills, and many more.
Because the inspection procedure is less complicated and simple, lands are easy to sell. It means a potential buyer will check the location of the land and look out for amenities such as water and gas.
Investing in plots for sale in Hyderabad comes with certain advantages. But it does not mean that buying houses or flats does not provide value. If you are looking to make a long-term investment, Celebrity Prime Developers will help you find the right land for your needs.
Because we understand the opportunities and challenges of modern India, allow us to help you get your dream plot. Contact us today for more information.