Post on 14-Aug-2015
INTRODUCTION
Buying a new house is a big step and a lot of
investment.
It’s important that we take the right decision.
10 THINGS TO KEEP IN MIND
10 aspects of home buying
Neighbours
Price
Legalese
Area
Storage space
Ventilation
Quality
Other Costs
Investment value
Security
NEIGHBOURHOOD
• An important factor while choosing a house.
• Proximity to educational institutions, hospitals, transit systems.
• A safe and secure neighbourhood.
PRICE
• Compare prices of similar properties in market and the average price.
• Consider other alternatives.
• Compare prices of similar properties in the area before making the deal.
DOCUMENTATION AND LEGALESE
• Check all permits, clearances and property deeds wrt the chosen property.
• Get legal opinion on all property related documents.
• Do the due diligence before signing final agreement.
AREA
Prioritize your needs wrt property you want.
Playroom, gym, garden, security etc are the new trends
Consider other alternatives - 3 BHK apartment/villa/condo etc
VENTILATION
Ventilated spaces –well aired and sunlit.
Houses facing parks/open areas
enhance ventilation
QUALITY
Call in expert to check quality of construction.
Check for quality and brand of amenities and accessories used.
OTHER COSTS
• Additional costs - electricity bill, water bill, property maintenance, tax etc.
• Find out exact breakup of costs wrt the property.
INVESTMENT VALUE
Invest in properties having good resale value.
Good location and neighbourhood in a well developed area ensures good
return.