Top 10 Points To Consider Before Buying A Home in India
10 Points to consider before buying a Home in India in 2022
Buying a home or property is one of the most important decisions you can make in your life. If you like a house or a flat, most of the time you make a quick decision without much thought. If we find something useful or attractive in that house or flat, we ignore other important things.
So we book the property immediately by paying in advance. People are investing their hard earned money and life savings to buy property and you have to be very careful before buying it so that you will not regret your decision later.
To help you make the right decision when buying a home or flat, we’ve put together a list of 10 things to consider before buying a home. Here are 10 things to keep in mind when buying a home.
Table of Contents
Top 10 Most important factors when buying a house property in India.
1. Reputation of seller or broker
Before buying any property from any one first investigate about the reputation of seller of property as well as previous record of broker or builder. If you buying property from individual the try to find why they are selling the property. If you buying a home in apartment the ensure the project is registered with RERA “Real Estate Regulatory Authority”. Try to visit the construction site so you can guess the quality of construction. Also visit the previous projects of the builder and take feedback from customers of that builder. It will give you clear cut idea about the reputation of person or company.
2. Convenient Location: Must consider before buying a Home
Always choose the location of property nearer to main residential area as well as nearest from your work place which reduce your daily cost of fuel for lifetime. It also save your precious hours of time from traveling. Nearest location from city or town looks safer that far one. If you have children, the first thing you should consider when choosing a location. You need to choose the nearest location from where the best schools in the city expect you to get the right quality education for your children. Home is important near hospitals, shopping centers, schools, colleges.
3. Check Connectivity for basic facilities before buying a House.
Schools, colleges, hospitals, markets , shopping places, train stations and bus stands must be nearest from your proposed home or property. Most of the time people save their money on cost of property but later frustrated daily for using of these essential services. Its also very important for your kids that their school is nearest to your Home.
4. Resale Value
Always consider the resale value of the property. If you need to move somewhere else the property must be sold on the higher side than you bought it considering the time value of money. Resale value depends on different criteria just like growing residential area, new additional facilities. You should buy property you like but remember its must be suitable of others if you planing to resale it.
5. Check Rental Opportunities before buying a house.
As per the previous point reselling is possible but what if you don’t want to sell out the property and want to rent it out. So also consider rental opportunities when buying a home. The area should be nearer to government offices, industrial estates or colleges so the staff of this office can take your nearest home on rent.
6. Ventilation and proper lighting
This issue does not arise if you buying an open plot and constructing a home because you can build it considering all of these factors. But going to purchase the ready-built home you must consider ventilation and lighting should be proper. Proper sunlight saves lots of electricity units.
7. Facilities Offered by builder or society
This is very important things to consider before buying a house in India. You should check availability of parking facility and its should be clearly mentioned common parking private covered parking, security arrangement, water supply, maintenance of apartment, lift as well as power back ups for lift. These amenities make your life daily living much comfortable.
8. Types of people living around
Nowadays it’s a very important factor that where you are living who are your neighbors of the people in society. Society must be safe and people living around must kind in nature, you can check just meeting some of the people and you can guess. Sometimes judging a book by its cover is better before investing that much amount.
9. Road Connectivity
The road in front of our proposed home must be wide enough to move vehicles easily. As per my personal opinion road width must be at least 20 feet so two vehicles can pass from both directions at the same time. The condition of the road should be good so there should not be any problem in monsoon season. Also check the drainage system is available or not because it’s a very important thing and you can’t install it on your own later.
10. Construction
It’s very important to point and specifically when you buying under construction of the ready-built home. Visit the earlier construction site of the builder and check the quality of the construction so you can get an idea about the quality of construction. Even if you constructing a home on your own frequent visits are necessary with your architecture and engineer.
Final word
Buying a home is one time investment in life most of the people so more conscious before taking decision about your home or property for you proposed home. Additionally before taking any decision check the title deed properly and take search report of property from your advocate. Also check that home loan can be granted on that property or not its mostly happens with open plot where NA layout of property yet to complete.
If you want to know more about How to get home loan i easy steps click here.
