We all have a bucket list ,some people want to travel the whole world and some want to try every delicious delicacy there is but one thing that all of us have in our bucket list is buying a property. A place that you can build and call it a home. A place where we feel the safest and plan to enjoy our long happy life with our family. As simple as it sounds it is one of the most onerous things.
10 things that a buyer should do before buying a property are as such:-
- Financial status of the buyer:- Buying a house is a hefty long term investment. It is always a good thing to evaluate your financial liabilities so that you can have a clear picture of your budget. This smart move will prevent your home loan from turning into a nightmare .
- Research on Developers:- We live in a world where it’s hard to trust on anyone and making such a huge investment means a huge amount of trust. So before buying a property do a thorough research of the developers, their past projects, their on going projects and his goodwill amongst his earlier clients
- Construction Quality of the property:- We often come across people who complain about how unsafe their flats have gotten just after 20-25 years of construction. To avoid such circumstances what you can do is check the quality of buildings that are being constructed by the developers. See if they are delivering the house that they promised by visiting their ongoing projects and the projects that they have completed.
- Location and neighborhood of the property:- Sometimes we get enticed by all the Porsche amenities that are given by the developers that we lose our focus and forget to look after basic necessities of ours like neighborhood, nearby hospitals and schools, quality of roads and many more. So do your homework and visit the site and see if the investment is worth it or not.
- Connectivity from major points:- We all are mumbaikars and one thing we all know for sure is how hectic traveling can get. So don’t waste half of your life traveling by making sure that you buy a house which is closer to your office, railway station,bus stands etc.
- Rental and Resale value of the property:- Irrespective of your intentions of buying a house do get a complete account of rental and future resale value of your house. Do a reiki and inspect your location, its current infrastructure and future prospect of infrastructural developments .
- Water and Power supply:- Water and power are the basic necessities and if not available it can make your life hard. Before investing in a property do see if there is 24*7 water supply and the power cuts are frequent or a rare instance.
- Legal guidance:- A big investment means a big load of legal work ,so to avoid being duped and to be prepared better get legal guidance so that your home buying process goes on smoothly and be secured for life.
- Property Insurance:- We live in uncertainty where anything can happen. As it is said, hope for the best and prepare for the worst so get insurance for your property. You can easily get insurance for your property in banks.
- Additional cost involved:- If you want to avoid a lot of hassle you can hire a professional who will help you in your buying process. He will also charge a notable amount of money along with him there are other people like home inspectors,notaries,lawyers and other such professionals.
So be prepared for all the surprises that are waiting to come your way. There is a whole new world waiting to be unlocked.