Factors to Consider before Buying the Right Property

1. FACTORS TO CONSIDER BEFORE BUYING THE RIGHT PROPERTY https://saipadmalaya.in/

2. BUYING THE RIGHT PROPERTY Well! If you are planning to buy a property and you are on the way to hunting a house, means you have achieved a great victory in life. Because buying the right property is not a small deal, it is one of the biggest achievements in life. Something you must have been dreaming about for years maybe! Different people have different reasons to buy a house, these reasons usually strongly influence the short listing process. You may want to buy a house because you are living in a rented apartment, or your current house is small and you want to upgrade to a bigger space. Or maybe you are seeking out a second home as an investment for future gains like rent, resale, etc. https://saipadmalaya.in/

3. REQUIREMENTS BEFORE BUYING THE RIGHT PROPERTY Based on your circumstances how soon you want to move into the new house? Ask these questions as it will help you figure out whether you want a ready to move in property or the one under construction. It should not happen that your requirement is to move in within a year but the committed delivery period turns out to be 2 years. Apart from the construction period, you must also be clear with the tentative size and specification you are in need of, 1BHK, 2 BHK, 3 BHK, or above. Once you know the size and specification you require, you can narrow down your search and can also figure out the budget in which you can afford to buy a specific house, which will also make you aware of whether your preferred location is within your reach or not. Apart from that based on these factors you can also figure out various options and offers available from various builders on which you can work out a better deal with the developer. https://saipadmalaya.in/

4. FINANCIAL STATUS OF THE BUYER Before hurrying on to the process, the first and the foremost thing you must ask yourself is, “why do I need to buy the house?”, “Why not rather rent an apartment?” Because the return on rent is usually more beneficial than a home loan, in which you will have to pay the interest on the principal amount of around 8 to 9%. Or is it? Due to the insecurity or the pressure from the landlord, that you are taking this decision as he won’t let you have the freedom to make lifestyle changes in your house or the fear that he can ask you to vacate any time, has compelled you to go for your own house. This is the major game changer with most people. It so happens we see a plush property with all the tick off’s like balcony, deck, living space, amenities, etc. We almost finalize it in our mind, but as we sit for negotiation it goes way above our budget. Therefore, it’s very important to have a fixed budget in place. https://saipadmalaya.in/

5. CHECK DEVELOPERS BEFORE BUYING RIGHT PROPERTY Real-estate is a hard-selling business off late, though many regulations have been in place, we are still in the phase of organizing, real-estate sector. Therefore, before buying the right property it’s very important you do thorough research on the builder’s profile and dig in through the history of the builder. You can surf online or refer to the developer’s website and draw various insights about the developer’s reputation by looking at his earlier projects which he has delivered so far. You can even check on the status of his current under-construction projects, his goodwill amongst its earlier clients, their reviews and experiences with the developer. This investigation will help you discover the builder’s credibility and reliability for you to make an informed and safe investment. https://saipadmalaya.in/

6. CONSTRUCTION QUALITY OF THE PROPERTY Before you get lured by the decked-up sample flat and finalize the deal, check the quality of construction by inspecting the strength of the walls, kind of flooring used, type of colour applied, check window frames, the standard of bathroom fittings, etc. Supposing, you are booking an underdeveloped property then check online or if possible, pay a visit on developers’ other properties that he has constructed in recent times. To know more you can even visit the developer’s project which is on the verge of completion and have a walk around to get a fair idea about the builder’s construction style and quality. Builders usually include the construction cost of the lobby, shafts, elevator space, wall thickness, staircase, etc in the pricing and include it in their configuration to increase the per square foot area. https://saipadmalaya.in/

7. THANK YOU https://saipadmalaya.in/