Buying a property is undoubtedly the most intricate and elaborate process which all of us either love to be a part of or have already experienced. Its importance makes us go gung-ho. And why not!!
After all, it involves the meeting of aspirations that have been gradually taking shape, and of course, in some cases, an investment of a lifetime.
But are we paying enough heed to this serious buying? We are all pressed for time today. Regardless of our job and life journey, each one of us has a dearth of it. Having said that, real estate buying should be given the involvement it deserves. Here’s a list of 11 things you must adhere to while making a purchase of your life!!!
Start The Research
When you have already made up your mind of buying a property, why wait!! Information is available at your fingertips these days. Browse through your favorite project websites, scan newspapers, or have a look at the real estate listings. Buying property online or just exploring details about it have become way easier than ever. Zero down on your favorites and start contacting them.
Be Calculative
Make sure you don’t indulge in a purchase, which over a period of time, challenges your acumen. Instead, buy a property based on your current financial situation and never assume.
Check Your Eligibility
Before visiting project sites, make sure you have a figure in mind. Visit banks/financial institutions to get an understanding of how much finance are you entitled to get. This will help you to filter out properties that don’t fall under your bracket.
Make The Right Choice
And by this, we not only mean the property you are planning to buy but the selection of the right developer too. One of the most important aspects of real estate buying is contacting trusted real estate developers. You can easily gauge the performance of other projects rolled out by the same developer based on the consistent development and constant appreciation it provides. It’s your lifetime of investment and must be given the attention it deserves. Investing in a property developed by a credible builder comes with a premium but is free of hassles. You safeguard yourself, don’t you?
Convenience Holds The Key
Even if it sounds being indulgent, don’t neglect this criterion. You’ll realize it’s significance in the longer run. Choose a property that has a decent amount of infrastructural development taking place around it. Remember, your project’s close proximity to your workplace, schools and colleges, markets or even hospitals is always an add on. Also, the Government’s future plan and focus on the infrastructural burgeoning in that area will add to the appreciation in the property’s value.
Falling Under The Advertisement Trap- A BIG NO-NO
Don’t fall for the picturesque landscapes, exquisite amenities, or attractive offers mentioned on various advertisement platforms. Instead, see them for yourself; visit the site physically. Trust us, it makes way to a more concrete decision making.
Keep The Future In Mind
Quality Real Estate investment fetches you great returns in the future. Pay a premium if you have to now but end up buying a property that has a great value attached to it in the times to come.
When In Doubt, ASK!!!
Resolve all your queries with a competent authority. This will make you feel confident before indulging in that buy. You can also try contacting existing customers to get a hands-on perspective of how things are.
RERA- A Boon, Indeed
Once you have finalized your favorite buy, make sure that it has all the necessary approvals from the relevant authorities. Each state these days has its own RERA Website that gives to the point details pertaining to every project. Browse it!!
Offers Aren’t Just A Sham, But A Reality
Developers often run offers that are too hard to refuse. Get the right one of your liking. And by the way, these aren’t just confined to the festive season. Expect them round the clock, across the year.
Be Open To Trying Out
Last in the table, but surely not the least, always tweak your aspirations for a better option. Developers offer you a range of properties that might be an upgrade from what you have in mind. Here them out! You might end up having something extraordinary.