Buying a property is not only a tedious task but also involves careful and detailed planning especially if it is your dream home. Most of the time, many home buyers face a difficult situation either in the earlier or later stages of the home buying process. It can be either related to construction, right builder or project or return on investment on the property.
Scroll down and know the important points which you must consider before shortlisting a property:
1. Background of the Builder
It is the most important factor which you must consider before investing in a project. With insolvency cases increasing day after day, it must be ensured that you invest in safe hands. After all, it is all about your hard-earned income. However, this problem can easily be solved with the help of RERA.
RERA has increased the transparency level in the real estate market of India. With the help of this, a buyer can easily check the background details of the developer, delivery time of their earlier projects etc. on the online portal thereby investing in the right project.
2. Use of Construction Methodologies
This is another factor which must keep in mind while finalising your dream home. What are the various construction techniques and material used by the builder, future of the building etc.? Finishing of the home as well as the overall project, earthquake resistance, illegal construction are other factors which equally play an important role.
With an increase in pollution outside, it is necessary that your home must be environment-friendly. Always look for those homes which are well-ventilated with bigger windows, must have ample flow of sunlight, have bigger balconies etc. These things keep the temperature inside your house balanced as well as keep its residents healthy.
4. Facilities and Amenities
While shortlisting a property makes sure that it must comprise of all the vital daily need requirements like power backup, convenience store, 24×7 security, ample parking space etc. A project that offers ample facilities generates good ROI in the future too.
5. Sound Infrastructure
Always look for a home surrounded by important infrastructure like schools, hospitals, banks, ATMs, malls and above all your office. Also, make sure that the home must not be far away from the main road.
6. Maintenance Charges
While shortlisting a property, it’s important to discuss the maintenance charges you have to pay for the property. Check what others are paying and finalise it once. For instance, a project that offers security costs less as compared to projects that offer amenities like swimming pool; kids play area, sports area etc.
7. Property Price
Last and not the least, always check the property price before shortlisting from the list. Besides builder, you must check it from others living in the same project, any other property consultant etc. It’s better to be careful in this regards as you must not pay more than the market price.