A relentless downpour is an unwritten invitation to get snug at home with a piping hot cup of tea and a Netflix marathon. Why would anyone brave the elements and traffic to go looking for a house? The answer is simple. If you are willing to wade through puddles, you could bag the best deal!
The monsoon is a lean period for developers across the country. To boost sales, developers are more likely to offer monsoon deals. Even if there is there is no formal offer, a serious buyer will be able to drive a hard bargain with most builders. Banks and other financial institutions also sweeten the deal with special interest loans available to buyers.
Additionally, it is not just the discounts that make this the perfect time to invest in real estate! Whether it is partially constructed or fully built, visiting the construction site during what is considered the ‘worst’ period for buildings, allows a buyer to check for dampness or leakages before signing the dotted line. The beauty of rain is that is washes away everything to reveal the true nature of things. A couple of heavy downpours will give an investor an idea of the quality of construction in the home they are planning to buy.
While a popular locality might seem like a no-brainer to an investor, there are a number of other factors that should ideally drive a purchase decision. Traffic is at its worst during this time. And visiting the area during the monsoon will give a buyer a sense of the amount of time it would take to commute. It also gives them an opportunity to assess the facilities of the project. Does the power go out at the slightest hint of thunder? Or is the property in a low-lying area?
While most home buyers are hesitant to step out during this time, this one strategic move can make their next investment a solid one!