One of the biggest accomplishments for any individual is being able to buy their own home. While buying a home is quite fulfilling, it can also be a tedious process. What are the things you should look for? Which features are deal-breakers? A home is a life-long investment that you should not compromise on. So, there are 6 things you must know about the property you're buying.
- BUILDER REPUTATION
Very often, people get conned into buying property that is not delivered on time, ends up in litigation or has some issue. To avoid this, research the builder; find out about previous projects and their current condition. If a builder is reputable, it is likely that your investment will be a good one.
- ADDITIONAL FEES
From Stamp Duty to Registration fees. Brokerage to Parking, these fees can add to the overall cost of the property. These can differ from state to state, so check these rates based on the property's location. Find out all this information before signing any documents or making a choice.
When you buy a home, you not only buy that space but everything that comes with the entire housing society. Find out what amenities are available with the home you buy; these could be as luxurious as swimming pools and clubhouses, or as basic as play areas and security. Knowing what's on offer will give you a better idea of all the things you are paying for.
GREEN AND SUSTAINABLE LIVING
Is your potential home conceptualized on green and sustainable living? Features like rainwater harvesting systems, proper sewage treatment, natural lighting designs and water efficient fixtures are not only great for reducing carbon footprints but can also help you cut down on your utility bills. This ensures more savings and a better standard of living.
How comfortable your potential home will be, is largely based on the facilities that are available in the vicinity. Things like proximity to schools, banks, hospitals, entertainment and shopping centers can enhance the overall allure of the property.
Is the area around the property developed? Or is it under development? What about connectivity and other amenities? These are things that can affect the future valuation of the property. A property investment is only smart if it can bring you better returns in the future.
Having this information can give you an idea what to expect from the property. With a project like Tata Housing's 'Move in India', all the information you need is provided right at your fingertips. More importantly, with its ready-for-possession homes, you can be sure that what you see is exactly what you will get. So, if you are waiting for the right investment and right time, it is here and now.