Thursday, 10 September 2015

How numbers, location impact your home’s worth

Budget, location, transportation and infrastructure are four important points that we usually consider while buying a property. Is that all? Not really. In India, a ‘good’ sign is given as much importance. Some seek the help of astrologers to track a promising month for property purchase. In realty transactions, the odd address or the placement of your home also matters.

Several instances shared by property owners and investors state their difficulties to sell properties which include the numbers 8 or 13. “A 250 sq yd plot in the heart of G Block of Preet Vihar has been lying vacant for 10-15 years. Though it is at walking distance from the market, main road and metro. Why? The address of the property has the number 8,” says Anjana Rajput, a resident of Preet Vihar, Delhi. Living in property attached to such numbers brings bad luck and do not have many buyers.

While number 8 is known to be a number of strugglers in Indian numerology, number 13 is considered unlucky just because the same trend is followed globally. In the West, it's not just the address or floor number that people avoid, they also tend to stay away from buying houses on the 13th day of the month.

Market researchers have discovered that houses with numbers such as 13 and 8 can be bought at a lesser value - approximately Rs 2-3 lakh lesser value than others.

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