10 things to analyze before buying your dream house
For
many ordinary Indians, purchasing a property is a dream. We put our hard-earned
earnings into this house. We make it a house of our desires by filling it with
our dreams and articles that reflect our preferences. However, there are
various factors to consider before purchasing an ideal home. Before you make
your purchase decision, use this 10-point checklist to help you.
1. Budget
The most important is budget. Buy a property that you can
afford and don't go overboard. Be aware of any undisclosed or additional
expenses while renting a flat or apartment.
2. Location
Check to see if the location is suitable for everyone in
the family. Examine the advantages and disadvantages of staying in the selected
area. If your office or market is too far away, you don't want to travel much.
Always keep this in mind when looking for a home.
3. Lifestyle
Check to see if the area you're considering fits your
lifestyle. Are you someone who prefers to be near your workplace? Are there any
sporting clubs in your locality if you enjoy sports? Do thorough research on
the area and your neighbours.
4. Connectivity & transport
How well is the neighbourhood connected to the rest of
the city? Is there a good public transportation system in place? You should
always keep this in mind. When you are buying a home, it is extremely important
to look at these points.
5. Legal aspects
Before buying a property, always conduct legal due
diligence. Ensure that the property records are free of problems and that there
will be no difficulties. Examine the builder-buyer contract thoroughly.
6. Basic infrastructure
How reliable is the water supply? Is there a link between
the Cauvery and the water? If so, what is the water supply's frequency? Is
there a lot of power outages in the area? What about the quality of the air?
These are the small things you must keep in check.
7. Social infrastructure
Evaluate the closest academic institutions, hospitals,
and commercial centres before purchasing a home. Consider the distance between
the nearest police station, fire station, gardens, and gyms. If you have all
the amenities close by, it will be easier for you to access.
8. Construction quality
Don't base your decision solely on the structure's
appearance. You should always have it inspected by a structural engineer. A
structural engineer can give you a better understanding. If the building is not
made of high-grade quality sand and brick, you can always change your decision
before buying.
9. Resale value
Purchase a decent-sized house that is in constant demand.
Also, think about the brand you're going to buy your house from; this will
assist you in obtaining a decent resale value in the future.
10. RERA registered
If
you're looking to buy a new flat, apartment, or villa, be sure it's a
RERA-approved project. For the next five years, you are protected against
structural flaws and hazards.
When purchasing a home, we must consider a few factors. Everything
matters location, basic and social infrastructure, construction quality, a
title deed, and resale value. Before making a buying decision, we must spend
the necessary time to thoroughly investigate all of these factors.