Why the reputation of the real estate developer important for an investmentAadil Saif20 February 2019
The real estate developer’s brand image is very important when it comes to a real estate investment plan. Imagine you are out in the market to buy a jewelry item. The shopkeeper is asking for a high price without providing any guarantee on the item. Will you be able to take the chances? There is a high chance that even if you know the jeweler, you will bail from the deal. The reason is pretty simple. Once the investment amount is big, you will surely seek a different type of assertion regarding the quality of the asset. This is where the brand image of a real estate developer stands tall.
A regular consumer will automatically compare the provisions, check for the brand image in the market and then only divert his hard earned money to own an asset. The handpicking experiment will become deeper when the investment amount increases. The real estate investment is also the same. A real estate investment is no different than the daily lifestyle we make. We have to be more practical in choosing the right brand and make the right decision.
What makes it necessary to choose a branded real estate developer?
The first thing that you have to think of while searching for the specific reasons behind the necessity of a brand image is to fit yourself in the shoes of an investor. The real estate investment is not a venture that you can repeat more often. This investment is done once or twice in a lifetime by the middle class families. This is why the decision should be made on a fortified ground to ensure that your hard earned money is in the right hands.
Here are the specific reasons from the investor’s point of view why the brand value of a real estate developer is important.
Safety of invested money
This is the first point that arises in our mind when a person streams his lifetime earning to own an asset. This rudimentary concern regarding the financial security of heavy investment is quite natural. Most of the investors are from different backgrounds. This is why it is not possible for a flawless analysis of the available assets in the market. The only thing that assures the absolute safety of the real estate investment is the brand image of the developer.
Only a reputed firm will offer the best projects in town that will not need any introduction to a potential investor. The projects will speak for themselves. The reputation is built for years and will be surely maintained by the reputed brands in the market for sure.
Read more- Important things NRI investors should ponder before investing in Indian real estate properties
Future gains are the second concern
This is not a myth that a branded asset will bring a better return on investment than the non-branded options. The second reason why the investors always search for a branded real estate investor is that the properties will gain a better appreciation in the long run. The rate of increase in the price will be more, in this case, offering a better return to the investors. The reputation of the developer will play a major role in this aspect. The rate of gain will be way higher than the normal projects done by the local non-reputed developers. This is why a onetime investment in real estate should be backed by the reputation of a developer.
No fraudulent activities
The developer has a reputation to maintain which means you can omit any foul play or malpractices in the design and execution of the assets. There is no chance of any deception from the reputed brands as they all know that a reputation is built for years but it takes a simple mistake to shatter it within seconds.
High quality features and amenities
All the assets will come with extraordinary amenities due to the reputation of the brand. The top class amenities and technology implemented in the project will definitely make the projects more lucrative.
Proper execution and timely delivery
Reputed brands will always keep their promises. The projects will be timely executed and delivered to individual investors.
There is no doubt that the reputation of a developer is very important for a real estate investment plan. The assurance of a reputed brand is what you need.