Investment in real estate is one of the most important financial decisions as it takes a large share of an investor’s portfolio and each investment uses up a significant amount of capital. The security associated with the ownership of a tangible asset, the relatively non-volatile nature of the asset class, and the predictability of returns on investment are probably the reasons for the popularity of real estate as an investment. While the above factors are time tested attributes, there are some important factors one needs to consider before venturing into the purchase of a property, especially one that may be the culmination of savings over numerous years.