Connect with us

Home Improvement

Top 8 Things To Keep In Mind While Property Buying

So you have reached a point in life where you would like to buy a property for yourself. If this is going to be your first property, it might not be the last property that you buy. You must keep in mind a few things

Budget – This is perhaps the first thing that you thought of while taking the decision to buy a property. Now property buying is not a short term commitment. In case you go for a loan which is an option selected by many the commitment goes for minimum 10-15 years. In that time you might change jobs, have kids, change location, income change and many other things. So while chalking out the monthly budget you must keep in mind the variable factors too

Location – Location is of prime importance. You must check out the facilities in the vicinity, upcoming constructions and infrastructure development. You might want to buy the first property within the city. In case you are going outside make sure you understand the development prospects in the area so that you can get a good resale value

Top 8 Things To Keep In Mind While Property Buying

Property Appreciation – In some cases there are properties which promise to have a huge appreciation value owing to some development planned by the government or even private sectors. Chennai, Bangalore and Hyderabad are prime witness to the property appreciation due to the development of IT infrastructure. Trivandrum is also picking up. So when you plan to buy a property gather as much information as you can about the planned development in the area. This will help you in estimating the appreciation value.

Water and Electricity Supply – Check for the utilities in the area. It will be a huge disappointment if the utilities are not in place. You can check with the government body in charge of the area regarding the utilities. Also it is advisable to check with the neighbors too as they will be able to give you a practical overview of the living conditions in the area.

Transport and Road Connectivity – While doing a site visit check out the transport facilities available. You would not want to move to a place where there is no means of public transport as an alternative. Unless it is a farmhouse or holiday home that you are planning it makes more sense to stay connected through public transport.

Government Approvals – Incase you are going for a land then make sure it is allotted by the government and has all the required approvals. In case of builder apartments and villas the credentials of the builders and also the approvals for the land, the building and the floors.

Law and Order in the area – In todays scenario it is necessary for you to watch out for the law and order system in the location. Your personal and family security is of prime importance.

Additional Expenditures – Apart from the property cost you should also assess the additional expenses of not only during buying but also after buying. During buying the extra expenditures would include that of consultant, lawyers, broker etc. After buying you need to consider the cost of living, travel expenditures, taxes etc.

So property buying takes time. You need to be patient to strike the right deal. But once bought property is an asset for life and if bought judiciously a highly profitable investment.

realtycompass.com providing the free real estate property advice to new property buyers in seven major cities such as Chennai, Bangalore, Pune, Hyderabad, Kochi, Mysore, Coimbatore. So now buyer prevents themselves from fraud brokers & builders.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

How To Prolong The Life Of Your Washing Machine How To Prolong The Life Of Your Washing Machine
Home Improvement1 day ago

How To Prolong The Life Of Your Washing Machine

When we buy a modern washing machine, we expect not only good quality washing and quiet operation, but also long...

7 Essential Characteristics Of A Good Med School Consultant 7 Essential Characteristics Of A Good Med School Consultant
Education1 week ago

7 Essential Characteristics Of A Good Med School Consultant

Being a med school consultant is troublesome work. They regularly have a brief period to keep an eye on hundreds...

6 Reasons Why You Need to Choose Manga Websites Over Physical Copies 6 Reasons Why You Need to Choose Manga Websites Over Physical Copies
Entertainment2 weeks ago

6 Reasons Why You Need to Choose Manga Websites Over Physical Copies

Manga reading is a significant part of Japanese culture and has been around for almost 200 years. This form of...

Kotlin Vs Flutter– A Comparison Of Two Cross Platform Technologies Kotlin Vs Flutter– A Comparison Of Two Cross Platform Technologies
Tech2 weeks ago

Kotlin Vs Flutter– A Comparison Of Two Cross Platform Technologies

Cross platform apps are the call for today.Facilitating developers to utilize a single codebase to undergo app development for various...

Steps For Maintaining Shinwa Cooling Towers and Chillers Steps For Maintaining Shinwa Cooling Towers and Chillers
Home Improvement2 weeks ago

Steps For Maintaining Shinwa Cooling Towers and Chillers

The set-up of chillers and cooling towers is crucial to the performance of any industrial or commercial air conditioning system....

Great and Simple Ways To Increase Warehouse Productivity Great and Simple Ways To Increase Warehouse Productivity
Business2 weeks ago

Great and Simple Ways To Increase Warehouse Productivity

The productivity of a warehouse is essential to any business. The process needs to work efficiently to maximize profits. There...

Make Your Celebrations More Enjoyable With Attractive Christmas Boxes Make Your Celebrations More Enjoyable With Attractive Christmas Boxes
Business3 weeks ago

Make Your Celebrations More Enjoyable With Attractive Christmas Boxes

Christmas is the season of sending and receiving gifts, and whatever gifts you choose for giving your loved on the...

Upcoming New Glam Faces Of Bollywood To Dream For Upcoming New Glam Faces Of Bollywood To Dream For
Entertainment3 weeks ago

Upcoming New Glam Faces Of Bollywood To Dream For

Bollywood has never failed to produce new talent as and when required. Again Bollywood is introducing some bold beautiful young...

How AI Is Playing An Indispensable Role For Modern Organizations How AI Is Playing An Indispensable Role For Modern Organizations
Business4 weeks ago

How AI Is Playing An Indispensable Role For Modern Organizations

With the development of mechanical AI and the IoT, Organizations in the vast majority of the divisions are being reconsidered...

Tips To Develop Cosmetic Products On Local and International Market Tips To Develop Cosmetic Products On Local and International Market
Business4 weeks ago

Tips To Develop Cosmetic Products On Local and International Market

Cosmetic products are always high in demand in global market. Cosmetic products are used by different age groups, around the...

Lifestyle4 weeks ago

Funeral Memorial – A Way to Celebrate and Remember A Cherished Life

Whenever you lose a loved one, it’s heartbreaking and very emotional, however you still have to prepare for their final...

How To Take Care Of Black Natural Hair? How To Take Care Of Black Natural Hair?
Lifestyle4 weeks ago

How To Take Care Of Black Natural Hair?

Getting started with how to care for black natural hair can be a little daunting. Once you begin, you may...

Health1 month ago

Should you Wear a Postpartum Belly Wrap?

Do you want to get in your pre-baby shape after bringing a new life into this world? You need to...

Frequently Asked Questions About CBD For Epilepsy Frequently Asked Questions About CBD For Epilepsy
Health1 month ago

Frequently Asked Questions About CBD For Epilepsy

For many years, there have been studies regarding the usage of cannabis to treat epilepsy and other neurological disorders. Also,...

PS5: Everything You Need To Know About Sony's Next Gaming Console PS5: Everything You Need To Know About Sony's Next Gaming Console
Entertainment1 month ago

PS5: Everything You Need To Know About Sony’s Next Gaming Console

When it comes to next-generation gaming, we might think about upcoming consoles like PS5, Xbox series X, etc. As the...

Categories

Archives

Trending