Monsoon is wet, messy and the real-estate market is dull. This topic may make you wonder why monsoon might be the best time to invest in a property. But we have our reasons to justify why monsoon is the best time to invest in a property.
Here are compelling reasons to buy a property during monsoon.
Property Location
Monsoon is a good time to inspect the property on how it is handling the harsh nature of weather. Rain water can flood into certain localities where there are deep pockets of water storage, erstwhile lakes and other civic arrangements in the area. From a practical point of view, you may witness how the locality handles traffic, commute and waste management during rainy season. Visiting the property during rainy and wet seasons will also help you analyze how the whole ecosystem is ideal for living. If you are new to that location, monsoon will show if it is a low lying areas in Chennai.
Quality of Construction
Properties may look well-polished on the exteriors during the summer season. But rainy season will truly reveal the quality of construction. Building walls from exteriors, common area and interiors will show signs of dampness and leakage during monsoon season. Visiting the property, you intended to purchase will show signs of seepage. Especially if you are looking at purchasing an older property you must consider inspecting it during rainy season. Winter and rainy seasons act as true tests for quality construction. Also if you are considering to purchase a property that is in the ground floor or on the top floor, the property must be checked against water flooding and water leakage.
Price Advantage
Real estate market is fairly less active during rainy season due to the practicalities involved in it. But as a smart real estate investor, you must capitalize on the advantage of rainy weather. Rainy seasons is when realtors will throw in additional discounts to cover up for dull sales. You might be able to bargain better during rainy seasons for rates, discounts and getting waivers on certain aspects. Real estate market also considers festival seasons as auspicious for promoting their properties. For both new and resale properties you will be in a better position to negotiate for better deals.
Health and Safety Protocols
Properties are not individual units. They are an integrated part of the society. Incidents may occur like floods, cyclones or any health emergencies. COVID-19 is definitely a jolting example of how properties were prepared to handle emergency situations. Like every other location Chennai was witnessing first time the situation and had to readily adapt to it. Property management companies in Chennai played an important role to keep communities protected from the inflow and outflow while keeping residents in a safe manner. Because there is more than one aspect like security, residential welfare associations cannot self-serve in protecting their communities. Property Management companies are trained in effectively planning the vendor management, waste management, common area maintenance etc.
Investing in properties are getting into long term engagements. They are not one-off arrangements as once signed-up the property is with you forever. Good or bad, the property owner needs to deal with it without much support from any external parties. That’s why investing in properties is very important. One must thoroughly evaluate a property from a location, price, construction quality and maintenance culture perspective.
Propshell Developers has been launching Safest Residential Communities in Chennai. Their past and ongoing properties are equipped with season-proof arrangements to keep your property, valuables and residents safe.
Explore safe plots for sale and flats for sale in OMR, Chennai from Propshell Developers. You may understand why Propshell is reigning as one of the trusted real estate companies in OMR Chennai.