Taking a decision related to real estate is often a cumulative one that adds up with many concerns regarding the property. These concerns can also include factors regarding infrastructure, connectivity, appreciation, amenities, etc. If any of these aspects are discouraging enough, it fits into the way of analysis thus preventing buying decisions.
Following are the key factors that discourage buyers from investing in a property at a particular neighborhood:
- Poor connectivity
Lack of access to public transportation facilities suggests that commute from the locality would be troublesome, thus reducing the enthusiasm of realtors in buying the property and also as they are not of high interest in the real estate market.
- Far from necessities
Residential properties which do not have shops, schools, hospitals, retail markets, banks, entertainment zones, etc. in the vicinity is also considered to be a turn-off. Such localities do not incur good returns for the investor, be it for personal use or for renting.
- Water scarcity
No buyer would be ready to settle in a locality facing severe water scarcity. People stay away when there is a compromise on the quality and quantity of water supply, thus reducing the value of the property.
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