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

Autos16 hours ago

4 Reasons to Replace Your Car’s Engine With Performance Parts

Performance parts are the best kind of upgrades you can make to a car. Performance cars have a higher price...

Maximum Power: Update Your Old House For Modern Electrical Needs Maximum Power: Update Your Old House For Modern Electrical Needs
Home Improvement5 days ago

Maximum Power: Update Your Old House For Modern Electrical Needs

An outdated electrical system can wreak havoc on your energy bills and greatly increase your risk of structural damage. If...

Key Techniques To Learn On A First Aid Course Key Techniques To Learn On A First Aid Course
Health2 weeks ago

Key Techniques To Learn On A First Aid Course

Introduction First aid training is an incredible qualification that can enable one to offer life saving assistance in an emergency....

Best Tips For Managing Your Building and Construction Projects Best Tips For Managing Your Building and Construction Projects
General3 weeks ago

Best Tips For Managing Your Building and Construction Projects

Building and construction projects consist of many tasks, from job-site duties to office paperwork. Juggling it all can oftentimes be...

How To Choose The Best Locksmith For The Job How To Choose The Best Locksmith For The Job
Home Improvement3 weeks ago

How To Choose The Best Locksmith For The Job

The existence of a locksmith is very crucial for society because they help out countless people on a daily basis....

5 Modern Conservatory Ideas To Create A Serene Escape 5 Modern Conservatory Ideas To Create A Serene Escape
General4 weeks ago

5 Modern Conservatory Ideas To Create A Serene Escape

Having a serene and relaxing conservatory is the dream, especially in the summer months. Creating an extension of your home...

4 Different Types Of Lifting Equipment For A Construction Site 4 Different Types Of Lifting Equipment For A Construction Site
Business1 month ago

4 Different Types Of Lifting Equipment For A Construction Site

One of the biggest challenges on a construction site is the problem of lifting heavy materials and tools to a...

5 Tips That Can Help Your Business Flourish 5 Tips That Can Help Your Business Flourish
Business1 month ago

5 Tips That Can Help Your Business Flourish

Many, both small and big, businesses were affected by the outbreak of the novel coronavirus, no one was spared. Overnight,...

Why First Aid Training Is Essential For Your Business Why First Aid Training Is Essential For Your Business
Education1 month ago

Why First Aid Training Is Essential For Your Business

Introduction All employers, depending on the establishment, should organize and provide basic appropriate conditions for lunch breaks as well as...

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family
Lifestyle1 month ago

Are You Covered? Tips For Finding Affordable Health Insurance For Your Whole Family

If you are in the market for health insurance, you may be overwhelmed by the many different features and the...

How to Prevent Potential Hazards In A Lab How to Prevent Potential Hazards In A Lab
General1 month ago

How to Prevent Potential Hazards In A Lab

Unfortunately, lab accidents can happen. When they do, the consequences can be very serious. Some of the most common lab...

How to Extend Your UK Spouse Visa How to Extend Your UK Spouse Visa
Travel2 months ago

How to Extend Your UK Spouse Visa

The UK spouse visa is also known as a UK marriage visa. The UK spouse visa allows married partners of...

How Best Is Automation Helping The Retail Industry to Survive? How Best Is Automation Helping The Retail Industry to Survive?
Business2 months ago

How Best Is Automation Helping The Retail Industry to Survive?

“In the post Covid-19 world, the only place cos are willing to invest is in automation. The return on investment...

Best Artificial Intelligence Trends to Watch Out In 2021 Best Artificial Intelligence Trends to Watch Out In 2021
Tech2 months ago

Best Artificial Intelligence Trends to Watch Out In 2021

Technologies are getting advanced day by day, and according to that, the developers and the mobile app development companies should...

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm
Markets & Finance2 months ago

Keeping Your Assets Safe — Crypto Insurance May Soon Become The Norm

Many people all over the world have compared the cryptocurrency market to the wild West, largely because of the fact...

Categories

Archives

Trending