Are you planning to buy a house soon? Read this article before you get into the process and commit to mind the below-mentioned 10 crucial parameters to check before going through with the home purchase.
Buying a house/property is not as simple as shopping. Generally, deciding to become a homeowner is a one-time & life-changing decision for many. You should avoid rushing or choosing any properties in a hurry and ensure you have complete, accurate information about the house property before signing the paperwork or making down-payments.
If this is your first time wandering in the real estate market, it will be best to consult some experts before deciding to purchase a house. It’s essential to find out about the locality, society rules & regulations, any safety concerns in the neighborhood, how long people have been living in the same locality, etc.
Once satisfied with the details of the neighborhood focus on finding the right house as per your needs. Leave the stress of relocating your belongings to the new place by hiring the best packers and movers in Mumbai or whichever city you live in.
Parameter #1: Builder’s Profile & Brand Reputation
Before purchasing any house, it’s essential to research the builder’s details like work experience, expertise, work history, number of projects delivered, delayed in property handover to homeowners, and so on to get a good understanding of the safety of living in their buildings in the long term.
Also, make sure to check the registration details & documents of the property well before planning to sign them. Also, check the strength & quality of materials they have used in building the houses, and do a background check on the builder’s old & ongoing projects.
Try to get in touch with people already residing in the builder’s properties or by reading reviews & ratings to find out about the quality of life living in the builder’s properties.
Parameter #2: Construction Quality
Whether you are planning to buy a house under construction or readymade, check the quality of materials used to ensure the house walls & ceilings are solid & safe.
Also, don’t forget to check the wiring used, tiles, electrical sockets, fittings, paint quality, and so on. If you’re purchasing an already-built home, it will be best to thoroughly inspect all these things at the building with the help of an expert.
Tip: make sure you measure all your furniture and cross-check their measurements against those of the stairways, doors, and corridors in your new house/building property. For large furniture/appliances, request the moving companies to dismantle the items before packing & moving them or simply plan to sell off the furniture. It will neither be worth shifting bulky items that can damage your new property nor help reduce your household goods transportation charges in India.
Parameter #3: Connectivity to your Workplace
The distance of your house from your workplace is something you will have to deal with every day (for the maximum of your work/professional life possible). Ensure you check the distance you’ll have to travel for work and find all the possible transport mode options connecting you to work.
The present decision to end WFH for most companies in India has led to many people getting back to the cities they were working in. Thus, the need to purchase homes much closer to work has risen sharply as most people want to avoid wasting time & money in traveling to the office.
Parameter #4: Nearby Schools, Hospitals, Marketplace
Explore the neighborhood to locate important places in and around your new house, such as grocery stores, pharmacies, hospitals, and so on. You must ensure you don’t need to travel long distances to buy daily groceries & veggies or even to reach the hospital in case of an emergency.
Checking for the proximity of good schools in and around your neighborhood can help your kids avoid going to school in the traffic & pollution. Also, make sure to check out your new locality for children’s park where you can go with family for recreation over the weekends.
Parameter #5: Light, Ventilation & Openness
Everyday life can become a happy or incredibly dull experience in any house based on the environment/atmosphere. The amount of light and ventilation in the home can determine the overall mood of living there.
Abundant natural light in the house helps keep the living space alive and well-lit up, giving a feeling of openness. Also, the flow of unobstructed fresh air into your living spaces will help keep your place naturally fresh and pleasant to live in.
Tip: try to add some plants in your front yard or balcony, or start an indoor home garden, so that you can improve the air quality at home and add a natural touch to your home. Look for good movers and packers Pune near me to get top-quality plant relocation services along with complete home shifting.
Parameter #6: Amenities Offered
Check the amenities offered along with the property. This point will significantly help you when you are looking to sell the house or rent it out; you will also get a good deal!
Find out the basic amenities offered by the builder like parking, lift, power backup, and so on. If you’re looking for a more lavish life, look for builders offering additional amenities like a swimming pool, state-of-the-art gym, clubhouse, and so on.
Parameter #7: Future Resale Potential
Check the resale potential of the property/house you plan to purchase much before finalizing the deal. Research about the locality and ask around to get an idea of the future development plans for the locality and what it may become in the next 5-8 years.
Check the ongoing development stages in and around the locality, such as upcoming roads, flyovers, malls, stores, hypermarkets, connectivity to the city, & other popular localities. Make a Plan B ready if you decide to relocate to a different place after a few years and want to sell off the house you purchase now.
Parameter #8: Potential of Renting it Out
Not everyone purchases a house for their living; they may rent it out to tenants and earn rental income. If you decide to do the same, select the locality and build of the house from a rental point of view only.
For instance, properties/houses located deep in residential localities may be peaceful to live in, especially for personal/families. But it would be much more challenging to find tenants for such houses than those located centrally, near educational institutions, offices, or commercial places.
Tip: Remember that if you want to rent the house out to families, it will have to be Vaastu-perfect. Most Indian families only go for North-facing or East-facing Vastu plans as they are considered most auspicious and accurate for a happy and prosperous life. Get in touch with Vaastu experts to help you out with Vaastu-related things on your property.
We hope you made a detailed list of all these 8 points and the particular details you need to investigate before finalizing any house purchase deal. Ensure you make a well-informed decision and make the right purchase.
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