Q: I liked an apartment in Thindlu circle which is 6 year old and 1100 sqft built up area. I want to buy that but the price owner is quoting is 55 lakhs which i feel is a little too much. The apartment do not have much amenities, it has power backup, lift and bore water.
I want to tell a price which i think is correct but require some guidance about how to reach a conclusion about the price. What all do we need to consider while quoting a price, what are the factors on which we decide price of re-sale property.
Opting for the right home that has a resale value is entirely a matter of personal preference, which should be loomed up as a business decision. A home not only meets the purpose of the entire family, but also globally viewed as the perfect investment scheme for an investor.
Hello Anoop, three things which you should consider before buying a resale house are location, budget, age of the property and how well the property is maintained also determines the price.