Buying a home (no matter it is affordable or luxury) is a big objective that is a top life goal for many people - and possibly their list of financial fears too. But it undoubtedly doesn't have to be a daunting or stressful experience. With giving proper time, consideration, and research, you can organize of the home-buying process easily.
Because even as house hunting for the first time buyers can be an exciting task, stories of painful home-buying mistakes and the not-so-distant residential property market meltdown have also given it a bad rap for being a hectic and puzzling practice. It should not have to be—for this reason, we are writing about few checklist, which assists you to in your home buying process and helps safeguard your investment.
1. Location & fieldwork
Actually, people buy property with the only consideration of current need, but we should always keep in mind our future needs regarding location.
Be understandable about what matters and what will matter to you
• Proximity to major roads
• Proximity from any upcoming infrastructure development
• Public transport
• Retail & Entertainment hubs
• Schools
• Cultural diversity.
Choose suburbs that deliver on those needs.
To decide on suburb you have to do some field work. Grab a lunch & dinner in the local restaurant; make believe people that you already living there. By doing this you will know about the atmosphere of the locality.
2. Consider neighboring suburbs
If your preferred region is out of the budget, then consider more affordable nearby region. For example – currently real estate price of Delhi NCR are out of reach for many buyers, to redeem this situation Godrej Properties are launching their new residential project in the upcoming location of Greater Noida Sector 27 by the name of “Godrej Golf Links”. The best thing about this project is its low rise independent villas at the cost of luxury apartments.
Before buying a property, talk with the local residents of the locality about their day to day problems. This is a fact that every locality has its some basic loopholes and advantage, but you should judge smartly by reading local publications, social media pages regarding the community and real estate experts can also give you clear picture.
3. Look for the advantage
Winter season is the favorable time for home buying because more and more buyers are active and real estate developers offer good discounts & offer to magnetize the home seekers. If you are not ready yet, then you can look for the spring season to buy your dream home, when there may be less competition for your dream home.
4. Monitor close to home
If you are going to buy a residential property at the same location where you are already living, make a deep inspection to the other residential properties available for sale. Because smart sellers smartly decorate the property to ensure they look their best when you inspect them. You’d do the same.
Make a long list of practical things to check like power points, switches, fitting & fixtures, cracks and water leakage etc. Remember, your sudden fall in love with a home can give you the intolerable moment for life.
