It’s not very easy to locate the house of your dreams, which you have always been dreaming of, and making plans to buy one day. You might be saving your hard earned money and making plans to transform the dream into reality, but it’s very important to focus on some of the important aspects, when it comes to buying a property in the city of your choice.There are many points to consider like location, amenities, safety, value for money, appreciation rate, size & layout of the apartment, and the list goes on… If luck permits, you’ll get them all, but if not, you might have to compromise on a few factors, but which factors are worth compromising? Not an easy decision to take as it can really get on your nerves.
Once you’ve found a close match, how to be sure that this is the one? Well, fear not, we are here. Here are some valuable tips and ideas on how to choose the property that best fits your needs.
Determine the budget.
Before your house-hunting spree, define your budget. To estimate your budget, you need to know: 1) your earnings 2) savings/collateral. Once this very important aspect has been worked upon, your hunt becomes narrower.
Choose the Location
Location is by far one of the most critical considerations you can make before signing your purchase papers. You need to consider various characteristics before choosing a property. If you have children, you should ideally select a property that is located nearby an educational institute. Additionally, your future home should be well connected to roads and public transport, it should be closer to hospitals & shopping malls, etc., and be safe. Last but not least, the residential complex should have all the necessary amenities and facilities.
The Proper Layout
What type of building do you prefer? One where you can walk up to your home, or a high-rise elevator building? Do you own a vehicle to park? You need to consider all these points when zeroing on a property to be bought.
Size of the apartment.
Determine an apartment size that’ll work for you, a 3, 2 or 1 BHK. If you dream of spending your mornings on a balcony, check if the building offers one. Are you looking for an apartment with a master bedroom, a separate dining area; or for that matter, with the work from home culture slowly becoming a norm post-COVID, does the apartment offer a separate workspace? If you own a pet and want to bring them, add that to your must-haves.
Evaluate the space.
While house hunting, carry a notebook. Jot down the pros and cons of the flat and evaluate the reasons behind this. If the walls need some fresh paint or servicing, note down the areas requiring proper scrutiny. Are there any visible damages? If yes, take pictures of them. Also, check for essentials such as a gas pipeline, water & electricity supply etc.+
Take Care of Amenities
Along with the essentials, you should check for the amenities provided by the developer. If you are a fitness freak, a well-equipped gym in the vicinity might be of interest. Kids might be keen on a clubhouse or a garden for their recreational purposes. Also, with elders in the house, you might want to consider having worship places inside/nearby the society.
A home needs maintenance too. So, check how accessible are the plumbers and electricians etc.
Moreover, it’s important to check if these amenities come for free, or you’ll have to shell an additional amount for it.
Run a background check on the builder
Check the credibility of the builder based on parameters such as record and performance, quality accreditation and certification, recognition in real estate, etc.