Posted by: islamicfinancingnews | June 2, 2013

Islamic loans and property values go hand in hand

islam4 There are several things you need to look at when you’re trying to decide on the property that you want to buy with your Islamic loans. Staying away from Riba and in accordance with Sharia Law is of course one of the big benchmarks you need to consider, but you also want to take a look at the property value of any home that you’re thinking about investing in.

Here’s just a few of the factors that determine property value.

  • Location. There’s really no substitute for nice surroundings. Looking for those extra features like schools and shopping nearby and access to public transportation are extras that you can’t go wrong with.
  • Demand. Even when you’re buying a home, you need to be looking ahead to what would happen if or when you decide to sell. The demand that homes have affects their asking price and by proxy your equity. Making sure you’re going to live in a popular neighbourhood is a good investment.

Getting proper Islamic finance is just one aspect of the decision making process. Looking at the location of the property you’re interested in from all angles is another important factor. Taking your time with these important decisions pays off in the long run.

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