Goa is one of the most popular holiday destination among both national and international travellers. Real estate investment in Goa is ideal due to its reasonable cost of living. You do not end up over spending and you have goods and services in wide range of budgets. The villages around beaches are all developed catering to tourist, hence shopping for amenities has also never been a reason to worry.Another reason to invest in a vacation home is that you can rent it out not in use and can add up to your income. These properties have higher value and rentals are higher. This additional income will be a good source of revenue and also the property will remain in use.
Buying a vacation home in Goa is one of the few investments that offers both personal and financial rewards. It will allow you to diversify your income and you can take a vacation at no extra cost.
Reasons why vacation home in Goa is a must.
It can serve as a retirement home.
Having a retirement home in Goa can be an idea. Instead of having to deal with the hassle of buying a new home when you retire, you’ll already have one that you love, totally set up and waiting for you. You will also be able to take advantage of the market’s prices years in advance.
Buying a vacation home will diversify your investments.
Adding a vacation property to your list of investments is a great way to boost your cash flow. Many investment markets are fickle, real estate being one of them. By spreading your investments around, you can take advantage of selling the right things at the right times. And it’s never going to be difficult to sell an extraordinary home in a Goa for an amazing profit!
You can rent it out
Renting your vacation home to others is a great way to earn. Renting your vacation home in Goa is much easier as it is in high demand as Goa is a perfect tourist destination. And because you own this property, how you rent it is entirely up to you. You can offer it up seasonally or year-round if you prefer.
Flexibility and privacy
When you have a vacation home of your own you have flexibility of staying there for as many days as you like with the privacy that one cannot find in a hotel.
Go ahead and get your hands on that vacation home in Goa with Citihomes Realty Goa. Check out the properties listed on www.citihomesgoa.com and villas listed on www.hotgoavillas.com
Goa is a province in India located on the Western coast of the country. The former Portuguese colony is proving a warm favourite for both tourists and real estate investors. Goa has been rated as one of India’s best states to live in. The state has a lower population density, peaceful social and political climate, low crime-rate and good infrastructure.
Some of the interesting areas to invest in North Goa are Panaji, Dona Paula, Kadamba Plateau, Porvorim, Nerul, Candolim, Calangute, Anjuna, Vagator, Assagao and Morjim, Moira, Aldona etc. In South Goa, one can invest in Margao, Colva, Varca, Palolem etc.. A near to beachside property anywhere is globally renowned to command premium rates due to its prime location as it involves a lot of commercial activities.
While investing in any property one must do a through research. Some investors/buyers may want to buy a property to use as a holiday home, others may choose to live in the home. Investing in real estate can be a great way to create wealth, but there are some golden rules to consider before diving into property investment.
1) Buy in a growth area
Buying for Holiday Homes then the buyer should prefer near coastal belt to have a feel of being close to nature and slightly far away from major development and at the same time few minutes driving distance from the beach. Even home can be run a holiday homes and earn higher rental income and higher resale value. Buying in Cities and nearby then the buyer should consider the easy access to the school, hospitals, transport etc to live in. Resale value of the home will be higher. North Goa is an ideal place to buy investment properties.
2) Know your budget
Before investing in property it’s vital to have a through understanding of your cash flow. Also, ask your bank for a pre-approval of your investment loan, so you know how much you’re able to borrow before you start hunting for properties in Goa.
3) Focus on Your Return on Investment
Invest in an area that will get a high return on investment. To obtain the highest return on investment (ROI), you will need to know the area and what houses are selling for in the neighbourhood.
4) Understand the Goan real-estate market
Consider what other properties are available in the immediate area and speak to your real estate agent. They’ll let you know if one side of a street is considered superior to the other. Make sure you do the leg work and consult professionals you can trust. It is also a good idea to find out what changes may be happening in your city.
5) Pick the right type of mortgage to suit you
There are many options when it comes to financing your investment property, so get sound advice in this area as it can make a big difference to your financial well-being.
6) Check the age and condition of the property and facilities
Even with negative gearing, needing to replace the roof or hot water service in the first few months of ownership could make significant difference to your profits. It is therefore advisable to engage a professional building inspector before you purchase to conduct a thorough inspection of the property to find any potential problems.
7) Take a long-term view and manage your risks
Properties are a long-term investment and you should not rely on property prices rising straight away. The longer you can afford to commit to a property the better and as you build up equity then you can consider purchasing a second investment property.
8) Find a good realtor and let them to do their job
A licenced real estate agent that is professional in its field, and its job will keep things in order for you. They can help you with ongoing advice and help you manage your tenants and get you the best possible value from your property, a good agent will let you know when you should review rents and when you shouldn’t.
Citihomes Realty is a RERA registered real estate company in Goa with over 1200 properties listed for sale/purchase on their web portals www.citihomesgoa.com helping you find the right property to buy, sell, rent and invest in.
Goa, is every traveller’s paradise!
It’s a mix of luxury & peaceful lifestyle. The perfect get away place to rediscover yourself far away from the hectic lifestyle of a modern metropolitan city.
You can literally soak up the sun on the beach, all day long because any beach is only a short drive away. This makes Goa the perfect destination for a vacation home.
There’s no place in India better than Goa for your perfect dream villa. It has everything, beautiful beaches, breath-taking locations, great people, awesome sea food and the best party scene in the India. This makes it a wonderful travel destination and a perfect place for your destination home.
Reasons why you should invest in luxury villas in Goa
- Goa is a popular holiday destination and this has led to increase in demand of Goa real estate in recent times and the purchase of commercial and residential Goa properties have increased over the years. Even when compared to metro cities like Mumbai and Delhi, property rates in Goa are cheaper.
- Goa gives an extensive variety of decisions in region for each financial plan. There is something for everybody in Goa.
- Goa is a preferred holiday destination among national and international tourists, it receives several tourists every year. Most of the foreign tourists who come to Goa stay for longer periods, thus investing in a villa is a wise choice.
- Hotels of Goa at times are unable to accommodate the huge influx the state sees during the peak season. Thereby, holiday homes become the alternative for tourists both for long stay and flexibility which they offer.
- Travellers find it very difficult to find a good place to stay where they can experience luxury with privacy. So if you have purchased a second home in Goa then you can now earn a pretty decent amount of income by running it as a holiday home for this travellers with the help of rental management companies in Goa.
We would like to suggest you to buy a Luxury villa with a private swimming pool or a villa by sea side as they have a lot of demand for rentals as well as resale. Don’t wait to buy your Goan dream home as the market prices of real estate in Goa is climbing up as the demand is increasing at very fast pace.
Now with HotGoaVillas – A venture by Citihomes Realty, you can buy an exotic luxury villa in Goa. We offer you a wide array of choices to choose from. You can get the best property deal to buy your dream home in Goa. We at HotGoaVillas always help our clients to find the best deals on their purchase or property investment.
Today, Kumar Siddharth has a strong presence as a top realtor in Goa. Led by integrity his firm Citihomes Realty has made its position as one of the well-known companies in the Real Estate Industry in Goa. They are so professional, eminent, and incredible with their consultancy that you will always end up with the best deal in your hands, just the perfect property you were looking for.
They offer customers a wide range of properties options in Goa from medium budget apartments and affordable row villas, to luxury apartments, Residential plots, Commercial properties and bungalows with mesmerising views. With over a decade & a half years of experience has made them experts in their field. All the staff at Citihomes are experienced & capable of providing you with excellent real estate services for a smooth experience. They are a client oriented firm, providing the best realty solutions in Goa.
Kumar Siddarth’s wide network of direct Builders, Owners and realtors in Goa will help you to source best possible property for you. Citihomes Realty always aims to deliver the best property prices & the best ROI for any investments you are making through them. They also help you to make profits by renting, leasing or selling your properties. They are specialist for selling luxury Villas, Apartments, Premium Flats, Portuguese Houses, Hotels, Sea view properties, Plots/Lands in Goa. Citihomes Realty brings forth the most lucrative and profit making deals for their clients as they believe in their motto “Invest wisely”.
Citihomes Realty is at its best as they provide assistance while making any kind of property investment for different properties including commercial, residential or industrial. If you are looking to buy, sell or rent a property in Goa then you need an experienced hand like Kumar Siddharth or his team to help you find the right property at the right price. Citihomes Realty understands, there is always room for negotiation on an offer. With their help for negotiation skills & market knowledge you will always end up at a good side of the bargain.
Depending on your needs, the Kumar Siddharth & team taps into their contacts of sellers and builders. Once a place that matches your needs is found, they fix a meeting according to both of buyer and seller. There is something for everybody in Goa so feel free to contact them for the best advice for investing in Goa.