Wednesday, 29 March 2017

Things to Keep In Mind While Buying a Resale Property

After living in a rented house for so long, have you decided to buy an apartment of your own? The choices are many for you served on a platter. If budget is not the problem then you can go for buying a new house otherwise, there are so many choices available in flats, villas, and apartments for resale in Bangalore. If you already have a house but want to change it because of any reason, then there are many tax benefits also which you can gain such as Capital Gain tax. It is a tax which is realized on the profit earned by selling an asset on the price above then the purchase price. 

If you are looking for a property that is ready to move-in and without any hiccups- hen this is the best choice for you.There are some things which you should keep in mind few things to make your investment fruitful for many future years. These are:-

1) Location selection- Always look for the location where the property is situated and property prices in that area. Many times, the property prices are too high for the area it is situated in. there are so many apartments for resale are available in Bangalore and in prime locations.
2) Facilities available- Keep a check on the amenities provided by the seller with the property. Make sure that all basic facilities are provided.

3) Security in the area- Security is one of the important points in your checklist. Make sure that the area has taken appropriate security measures.

People who are looking for selling their houses first, they should gain full knowledge of Capital gain taxes they can avail tax benefit.

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