SparklyNoodle
4moby
Need opinion on finances
My father has retired some time back, he wanted to invest money on house for me in tier 3 city in MP
What should I do-
- Should take 25 lac and invest somewhere.
- Shortlisted one property worth 50 lakh which is commercial and residential 100 meter from my current home but of 350 sqft. He would need my help . Rent -15k
- Shortlisted one more property worth 35 lakh bit outside of market 2 km from my home, again residential & commercial, rent -13K but 850 sqft.
- Ask him but plot/ready made home in residential colony which would be around 25-30lac.
- I own 2BHK in Bangalore, should I take money and upgrade to 3bhk.
Note- . I told him to find commercial property to get some rent.
What whould be best choice here?
If I take 25 lacs where should I invest.
4mo ago
SleepyBurrito
4mo
Personal opinion
Your family in the city may need space.
Problem with property in tier 2-3 cities -
- who will maintain it. And after they're gone.
- Check rental yield
- informed chance of appreciation, because in tier 2 it is the land and location that counts
SparklyNoodle
4mo
Thanks for responding. I've two elder brothers who stays near the property and property appreciation is good there. As the property is on road in the last 2 year only it gone from 45 to 55
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