An income producing property can be a good option for earning in post-retirement period

Retirement planning is about planning the whole span of your retired life which has many elements like living arrangement, insurance, health measures and care and the budgeting for travel. Taxes are also a big issue that many retirees also learn.

But even then one can’t overrule the fact that one’s retirement benefits are small an amount to help one to sail through one’s retired life span which may last twenty or thirty years or even more. In these cases the investment experts opine that it is always wise to invest in spheres which increases according to the market indexes and also has a passive recurring income. In this context gold can’t be considered as it doesn’t have a recurring passive income. National Saving Certificates and other government bonds can be of help but the rates of return are many a times governed by the state which is rarely in the favour of the retired masses. Thus one more option is open which is real estate the prices of which are bound to increase be it land or apartment. But in case of land there may not be any recurring income but in case of apartments one can earn an amount by way of rent which can be of substantial help for the retiree.

Apart from investing in stocks and bonds which also give dividends as recurring income, real estate property ownership can be a good option and letting it for rent will give the retiree a guarantee of monthly income which is according to the market rate too. But before investing in the real estate one needs to estimate and figure out his or her needs and the means.

How much money does one need at present market value?
One should find out what one’s requirement is in monetary terms and what kind of property will fetch it. If at all, what is the investment required for such a property? One needs to keep some amount of money too as one’s reserve. Thus keeping all these factors in mind one should search localities where there is quite a demand of apartments for rents and also there is availability of properties. One can also go for a reseller property.

Will the price of the property appreciate in value after investment?
If required one can get it estimated by a surveyor and a technical expert about the appreciation of value of the property in the future. One should think about this as one may choose to sell the property as well if he or she wants money immediately.

In Bengaluru areas like Electronic City, Bannerghatta Road, Sarjapur Road, Whitefield, Devanahalli and areas near and along Begur road offers 2 & 3 BHK Flats within 35 lakhs onwards.

Will it fetch reliable monthly returns?
The question that needs to be answered is if one buys a property and gives it for rent, whether it will fetch a return of the desired value or not. Will the rental prices increase according to the market indexes for the retired person to keep par with the market. The experts feel that buying a property in Bengaluru is a wise decision in a locality where there is a fair demand. They also feel that the property prices in such an area are sure to increase and thus capital appreciation is guaranteed.

Where to find such a property?
A local broker can always be contacted of the area that one chooses to buy the property in. Internet also is a good option with the search engines having many options and properties under one locality. One can contact those owners getting the contact information from the internet.

If one talks of Bengaluru, there are many areas that will give you a wonderful income producing property but if you are looking for one you must also know what are the factors that should be looked into in the vicinity that will appreciate the prices of the property.

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