Owning a house is a dream for every individual. Home purchases are the single biggest purchase in most people’s lives. Buying a house involves significant financial expenditure and error in this regard, which could have severe and long-term monetary repercussions for the buyer. People invest their hard-earned money into this brick-and-mortar structure, called the house. It is also considered an emotional process. If you allow those emotions to get the best of you, you may fall prey to several common home buyer mistakes. It’s important to keep your emotions in check and make the most rational decision possible.
Here’s what priorities should rank highest and lowest in your search for a new home.
1. Location:- They say the three most important things when buying a home are location, location, and location. You can alter every aspect of your home however, location is unchangeable. While doing house hunting, consider proximity to your work. Moreover, keep in mind access to parks, shopping, schools, and public transportation.
2. Budget:- It is of utmost importance to keep the budget in mind. Purchase a property that you can afford doesn’t go beyond your budget otherwise, it may have severe financial repercussions on you as a buyer.
3. Clear title deed:- A very critical point to keep in mind is doing due diligence. Diligence in simple English means doing your homework. Before buying any property due diligence is highly suggested. Ensure the property titles are free of any hassles and that there will be no complications going forward.
4. RERA registered:- If you are buying a flat, apartment or villa ensure it is a RERA registered project. This protects you against structural defects for the next 5 years.
5. Size:- The size of the lot your house is on will impact various aspects of your home’s uses and potential, so you should consider it prior to making any purchase.
6. Bedrooms:- The ideal number of bedrooms for each family will vary. If in the future you intend to expand your family, you should consider a home with more bedrooms than you currently need. Moreover, families who intend to host guests’ homes with more bedrooms can be advantageous for such families.
7. Appliances:- Home appliances can be costly to replace. Consider your preference for your home appliances as well as the age of current appliances at home.
8. Basic infrastructure:- How good is the availability of water? How well maintained and eyesome is your neighborhood and peripheries of your building also, is there greenery in your surroundings?
9. Lifestyle:- There may be localities that may not suit your lifestyle. If you are a fitness freak, is there any gym located nearby? Also, if you are a person who prefers to stay close to work then you should consider a location nearby your workplace.
10. Connectivity and Transport:- How well your locality is connected to other major cities and to other important city areas?
Is there a good public transport facility?
To sum it all up, the above points are the synopsis of things that needs to keep in mind while buying a home. There are several types of homes, however, the best home for anyone would be which is comfortable and warm, and more importantly, that home is within your budget not beyond it. When buying a house, one must think of several aspects. Locality, basic and social infrastructure, quality of construction, a title deed, resale value, everything matters. Take enough time to verify all these aspects in detail, before making your purchase decision.