Why the monsoons are the best time to invest in property

Top Property Management Company says Instead of Preventing site visits or the Cost of resale Houses Throughout monsoons, buyers May use this Year to evaluate the pros and cons of Your home’s location and Building Grade and strike a Great Bargain
During the monsoon period, a real estate land and its surrounding regions can be rather different from the way that it is throughout the remainder of the year. Consequently, this year offers potential house purchasers, with the chance to glean valuable insights in their planned purchase.

Infrastructure and conveniences in the Region
Property specialists advise that house seekers must pay a visit to the construction site over once, prior to making the last choice. “Visiting a website at the monsoons once the traffic is at its worst, in the majority of areas, provides insights about the waterlogging scenario, in addition to travelling and entry into the region,” explains Shveta Jain, managing director — home providers, Cushman & Wakefield. Monsoons are still an unhappy time for buyers to go house hunting in a nation such as India and evaluate the state of the building and the region around it, ‘’ says Manju Yagnik, vice-chairperson, Nahar Group. “During monsoons, obtaining transport from your residence to the closest rail station or bus depot is a nightmare from cities such as Mumbai and this aspect can’t be overlooked during these website visits,” Yagnik points outside.

Monsoon is the ideal period to inspect the general quality of construction of a home. Issues like seepage in the ceiling and close to the washrooms are quite common during rains. It’s thus, the ideal period to visit the website and shouldn’t be avoided,” insists Dr Anil Jindal, chairman, SRS Group.

While ascertaining construction quality might not always be possible in an under-construction property, the rainy season is the best time to confirm the standard of a resale house. Ramkumar Mahadevan, a resident of Navi Mumbai, bought his property that was a resale house, during monsoons. “One of the elements that I considered while finalising a top-floor flat, was the prospect of leakage difficulties. This is very essential in a resale property. The monsoon actually puts any building, even If It’s from a Reputable builder with high quality of construction, to the test,” he shared

Issues like leakages during the monsoons may also be used by buyers to make the deal work in their favour. “If a buyer likes a specific property which has a problem of water logging in and about the building or a leakage problem, then, the prospective buyer has an opportunity to bargain further and find a fairly good deal and get it solved. This might be impossible in dry weather conditions,” says Yagnik.

As the demand for properties tends to dip in the monsoon season, it’s a perfect time for discounts. “The monsoon is usually regarded as a lean period for the realty sector. However, it’s a great time for home buyers, particularly for those looking at resale properties. This is the time when demand is less and sellers are ready to negotiate on lowering the price for serious buyers,” explains Yagnik.

Advantages of picking a property in the monsoons:
Buyers can gauge whether the property has problems pertaining to seepage, leakage from the terrace, drainage issues resulting in stagnation of dirty water, etc..
For a resale home, the last inspection within this season can reveal construction quality and the way the house was maintained.
Low lying areas are vulnerable to flooding, resulting in traffic jams and transportation woes. The level of this issue can be best judged in the monsoon season.
Since it’s a lean period, vis-à-vis sales, sellers may be willing to negotiate on the purchase price.