Home is indeed where our heart and soul is, isn’t it? Buying a home will always be one of the most memorable yet daunting task primarily because of the influential factors involved. The choices are abundant with the humongous upsurge in real estate markets. Hence a lot of groundwork has to be made so that we can pick the right one. The following are the 10 tips you need to keep tabs on, before getting your hands on your ideal dream home:
1. Make sure you are up for it
Today, many people get the urge to buy a home all of a sudden because of the social pressure and they are blindfolded by their friends and colleagues who have their own homes. So the best thing is to make sure whether it is the right time to start hunting for a home. Because today the market offers you variety of options. So, choosing hastily will leave you regretting for lifetime.
2. Pick the home which falls within your budget
Before going on for real hunting, do a math on how much you can afford and search accordingly. With the help of online calculators, you can easily find your affordability. Since the real estate markets are showing increased interest towards budget home seekers, it is no more a nightmare to find a dream home within your budget. And it is also advisable to have the sufficient down payment with you in your account since the banks can allot housing loans only up to 75% to 80% of the total value of the sale.
3. Know the process and procedures
Once the decision of buying a new home is made, the very first thing to do is to learn everything about the process involved in buying new home. There are plenty of sources in the form of internet studies and reviews, agents/brokers to consult, a word of mouth from partners, friends and colleagues who bought a new home recently. Doing this might help you cut down redundant costs.
4. Choosing the Right Locality leads to your Prosperity
Because travelling a long way to the workplace can be cumbersome. It will burn your pocket with fuel expenses in case of using own vehicle and cost you more time on travelling thus leaving you frustrated and tired. So finding a property near your workplace could be advantageous for you in many ways. It saves your time, expenses and gives you peace of mind.
5. Background check on the builders and promoters is mandatory
After setting your eye on a particular property, the next step is to do a background check on the builders and promoters. It includes checking whether they complete their projects in time, provide amenities which they promised, their previous project’s results and after sales services.
6. Lifestyle compatibility
Buying a home somewhere out of the city is not advisable if you are the kind of person who enjoys shopping, outing and walking in to malls to watch movies. So choosing a home which suits your lifestyle will make you contended with your home. It is a bonus if you find your home nearer to schools, colleges and hospitals.
7. Safety and Security are the foremost factors
The crime rate is increasing steadily and it is strongly suggested to check on the security options provided by the real estate developers for the home. With commendable improvement in technology, new security devices like electric alarm, electronic locked doors and voice controlled security systems are present in the markets. It is good to check whether the builders have at least one of the latest facilities installed at your home.
8. Check out the potential resale value in future
There is always a room for surprises or unexpected situations (both happy and frustrating). There can be situations which may force you to leave the city, like transfer issued at the office. So it is better to calculate or to get the potential value for the property from the experts in this field before arriving at a conclusion.
9. Quality of construction and other basic needs
It is best to go in person and visit the home you are interested in buying so that you can check the construction quality like the paints used, interiors and other factors related to it. Make sure you confirm with them about the availability of water all the time, power back up, lift facilities (if it’s more than four-storey tall), harmless sewage systems and other basic needs before buying the home.
10. Comparison is the key
If there are more options available in a locale of your choice, it is advisable to visit all of them and get a quote, compare with the other options and then decide about buying. Validating the price will be helpful. When you approach the real estate market with a pre-planned comparison and studies, the chances of them quoting high price is negligible.
Buying a home is one of the major steps in your life and we, at urban tree properties, will ensure that your step is worthy for the lifetime. Contact us, if you are looking for a dream home in Chennai. With state-of-the-art infrastructure and world class amenities, we promise the best for you. Call us at 044-40000302 or visit our website : www.urbantree.in for more information.