Buying a home is a 'dream come true' occasion for most of the individuals. But most often finding the ideal home is a big challenge as there would be so many properties listed for sale in the market. From finding a good builder to getting finances ready, the process can turn out to be extremely overwhelming. However, if you can identify the most important considerations before making a purchase, it is definitely going to help you to make the right choice.
So how do you choose the right property? What are the basic qualifiers you need to check before you finalize the investment decision? Here are some home-buying tips that will help you pick the right home this coming year.
Location & Accessibility
A property located at a prime location will have a high-value appreciation in the future. So, always ensure that you choose a property that has a high appreciation value. Proper roads that lead to your apartment or house are a must for safety as well as accessibility. Thanks to the rapid development in the real estate sector, now you can find comfortable housing options located close to schools, hospitals, shopping centers, etc. Staying close to your workplace and having easy access to facilities that you need on a day-to-day basis are top factors that you must consider while buying a home.
Budget & Affordability
Your budget and affordability are important factors to consider while looking for a new home. If you invest in a property that is beyond your affordability, you will end up paying a high EMI and hence will get into trouble very soon. In that case, you may have to take further loans which will only increase your debts. So it is better to invest in a home you can afford for the time being and then as you progress in your life, consider buying a bigger house. Analyzing your expenses and zeroing in on a budget will help you streamline your choices.
Reputation of Builder
Whether it is an apartment or a villa, it is always better to do a background study about the builder to be on the safe side. Since you will be spending a significant amount of your savings to buy your dream home, make sure that you are investing in a property that is built to last. We advise you to do a detailed analysis of the brand's history, quality of construction, customer feedback and past projects to get a fair idea about the builder's reputation. Reputed builders will always ensure good quality of fittings and provision of all modern amenities. Construction delays have become very common these days, and if you are buying a property under construction, this will be a concern. But if you are choosing a reliable builder, they will ensure on-time delivery of projects.
Type of Property
Everyone will have a different requirement when it comes to their dream home. Depending on your preference for space, privacy, and other features, you can choose between an apartment or a villa. Apart from this, ample greenery, a pollution-free environment, clean water and convenient access to daily necessities should also be considered while choosing your dream home in the coming year. If you choose to have more privacy and space, buying a villa is the best option. Villa communities will offer perks like spacious car parking, garden and other common amenities like a pool, clubhouse, security, etc. If you like to socialize more and have a compact living space, then you can choose to buy an apartment.
Age of the Property
If you are buying an already existing property, always check for the age of the property. The condition of the property, renovation costs if any are some of the factors that you must consider if you are buying a home from another owner. As the property gets older, the resale value recedes further. So when you are planning for a real estate investment, choose new constructions or those below 5-6 years of age. With reputed builders like Victoria Realtors offering villa homes at affordable rates, it is always better to go for a brand new home.
Whether it is a gated community villaor an apartment, the basic facilities and amenities offered can influence its value and appreciation. Homes with modern security systems and recreational space fetch better value than those without these facilities. Apart from this, well-maintained roads, waste management facility, power back-up, kids play area, garden, etc. are also some of the amenities that you must look for to ensure a healthy and wholesome life for your loved ones.
Maintenance & Post-sales service
While the journey of buying a home can come with its ups and downs, the process of occupying it and residing it is a new experience by itself. Reputed builders offer great post-sales service and help you take care of any repairs or maintenance work that may be needed for your home after purchase. This is especially important in the case of NRIs who are either planning to rent the property or buy a home as an investment.
Our lives are getting busier, and in such circumstances, it is necessary to choose a builder who offers reliable post-sales services.
Seek The Help of Home inspectors
Most people overlook the idea of conducting a home inspection before buying a property. A detailed home inspection will help you find structural defects of building, plumbing and leakage issues, cracks and damages if any. Water and power supply are two other important aspects to be checked while inspecting a home. So before you purchase a property, do a thorough inspection of the house with the help of a reliable home inspector.
So, why wait? Make the most of all these tips and invest in your dream home this coming year!
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