Affordable Homes in Pataudi Road Gurgaon - Invest for the Future
Have you been priced out of the homes in the areas of Gurgaon that have been developed for a while? You should look at the new areas where development is expanding to, such as along Pataudi Road. There are still affordable homes in Pataudi Road Gurgaon.
Since the values have been rising steadily, buying a home here should be a good long-term investment. No piece of real estate always goes up in value. If there is a downturn in the economy, real estate values will often dip for a while and then resume their upward trend.
In some places, the economics of an area change and the values slowly decrease. For some reason that may be true in Gurgaon one hundred years from now, but over the next couple of decades, there is nothing to indicate anything but a steady appreciation.
Since there are affordable homes in Pataudi Road Gurgaon, you might even consider the possibility of buying a larger unit if you can afford it since that will give you a greater return on your money over time. Or, you could buy two units and rent one out. In that case, you have the tenant paying the mortgage and you get the benefit of the increase in value. The increase is due to appreciation and also because the tenant is paying down the mortgage.
Remember that rents go up with time but if you get a fixed mortgage, the payments stay the same. Therefore, over time the tenant might be helping to pay for the unit that you live in as well. Be sure you can afford two mortgages at once for a short time since the tenant could leave and you might need to make some repairs before the next tenant moves in.