There comes a stage in everyone’s life that was reached thanks to hard work, determination and perseverance. It is almost a righteous path for everyone to attain at a certain age where they have the financial backing to buy an apartment. It is one of those defining moments that calls for accurate, conscious and well-informed decision. While there are so many builders in every city offering several amenities and rates, one has to be extremely careful while making the purchase; after all it is a huge investment that replicates the life of the investor.
If you are buying an apartment, it can be assured that you will hear numerous advice from colleagues, friends and real estate consultants. However, most often these points just waft up in the air thanks to the pressure that is mounting inside you. Worry not. We have put together the top ten points of checklist that you certainly need to consider before buying an apartment.
1. Budget
While it is only fair to think to invest all your hard earned money in your dream house, ensure that you are not blinded by the idea of buying a house. Plan your finances and set a number that you are certain to shell out for investment. This figure could turn out to be the entire amount or a part of it could be marked for other investments that you might want to make in the future.
2. Locality
Once your budget is fixed, think of the place you want to move into. While considering the locality, imagine yourself leading a life there. Are you excited? Is it closer to work or are you willing to sacrifice the distance for the ambience of the place? Evaluate your family’s preference, the facilities and most importantly the safety. Once you think you have found the dream location, check with your budget to see if they match. You do not want to compromise on either, do you?
3. Builder reputation
Investing money in another person’s work that is going to be your happy place calls for investigation. Know the builder and their reputation. Understand the plan given by the builder and see to it all are delivered. The builder’s reputation precedes the design and the layout of the apartment.
4. Accessibility
Now that you have narrowed down to the actual apartment, shift your focus to the surroundings of your future home. Are you happy with the location? Would you consider it to be difficult for people to access your home? If you purchase online, will it be delivered? Answers to these questions helps you evaluate the project better.
5. Amenities
Have a car, bike and cycle? Understand your current and future needs and inquire about the parking as you’ll be paying for them all. If it is a gated community, understand the services that are provided and the usability of them. Do you want a watchman or night guards? Discuss these details with your family and get all the relevant details from the builder.
If all of these above points have been more than satisfying, then it is suffice to say you have your dream location. Moving on to the living space, spend time understanding the blueprint. While doing so, check for these points.
6. Fengshui
There is a flow of energy everywhere, including houses. How the house is built reflects on the energy that is present inside the house. Fengshui or Vaasthu is the art of building positivity around the living spaces. Understanding the placement of entrance to the positioning of bedroom window plays a significant role in getting the house ready to become a home.
7. Spaces and ventilation
Architecture is a world on its own. One can do infinite things with a space. However, it also must be appropriate. Creating a room with dim light in the name of design or reducing the size of the windows for wall area is a strict no-no. Any room should have sufficient cross ventilation. Lighting the house affects our mood, hence our lives. Get the schematics to the place and assure yourself that you are comfortable with the plan.
Basic knowledge - check; home selection - check; now it is time for verifying miscellaneous but must aspects before locking in past efforts for your future joy.
8. Travel time
Over the weekend, are you able to travel to the mall to catch your favourite movie? Will you friends attend the housewarming party that you’re throwing? Distance between you and the world plays a critical role in your social life. If the area is developing and expanding, there is a good chance that your friends will relocate close to you in the next couple of months. But if it is difficult for having some weekend fun, reevaluate the place before finalising.
9. Market value
Market value shows the viability of the location. It is directly proportional to the growth of facilities and transportability of the area. If the location is knowing to be a IT area, the rate at which the area will develop is high, thus higher market value. Also, it is important to review your purchase price and current market value so as to avoid any hidden or misleading costs. Understanding this concept is important for investment and future selling.
10. Taxes
Taxes - it is that topic that scares and baffles anyone and everyone. Study on the various taxes that one will be paying and revisit these from time to time. It is also important to verify the tax percentage while purchasing the property so as to avoid any discrepancies. Consult a lawyer or an auditor if need be to get things sorted.
We hope that these points will make it easier for your to purchase your dream house and reduces the tension of uninformed decisions. Good luck with the purchase, and don’t forget we are here to help you along the process of setting up your house!
If you are buying an apartment, it can be assured that you will hear numerous advice from colleagues, friends and real estate consultants. However, most often these points just waft up in the air thanks to the pressure that is mounting inside you. Worry not. We have put together the top ten points of checklist that you certainly need to consider before buying an apartment.
1. Budget
While it is only fair to think to invest all your hard earned money in your dream house, ensure that you are not blinded by the idea of buying a house. Plan your finances and set a number that you are certain to shell out for investment. This figure could turn out to be the entire amount or a part of it could be marked for other investments that you might want to make in the future.
2. Locality
Once your budget is fixed, think of the place you want to move into. While considering the locality, imagine yourself leading a life there. Are you excited? Is it closer to work or are you willing to sacrifice the distance for the ambience of the place? Evaluate your family’s preference, the facilities and most importantly the safety. Once you think you have found the dream location, check with your budget to see if they match. You do not want to compromise on either, do you?
3. Builder reputation
Investing money in another person’s work that is going to be your happy place calls for investigation. Know the builder and their reputation. Understand the plan given by the builder and see to it all are delivered. The builder’s reputation precedes the design and the layout of the apartment.
4. Accessibility
Now that you have narrowed down to the actual apartment, shift your focus to the surroundings of your future home. Are you happy with the location? Would you consider it to be difficult for people to access your home? If you purchase online, will it be delivered? Answers to these questions helps you evaluate the project better.
5. Amenities
Have a car, bike and cycle? Understand your current and future needs and inquire about the parking as you’ll be paying for them all. If it is a gated community, understand the services that are provided and the usability of them. Do you want a watchman or night guards? Discuss these details with your family and get all the relevant details from the builder.
If all of these above points have been more than satisfying, then it is suffice to say you have your dream location. Moving on to the living space, spend time understanding the blueprint. While doing so, check for these points.
6. Fengshui
There is a flow of energy everywhere, including houses. How the house is built reflects on the energy that is present inside the house. Fengshui or Vaasthu is the art of building positivity around the living spaces. Understanding the placement of entrance to the positioning of bedroom window plays a significant role in getting the house ready to become a home.
7. Spaces and ventilation
Architecture is a world on its own. One can do infinite things with a space. However, it also must be appropriate. Creating a room with dim light in the name of design or reducing the size of the windows for wall area is a strict no-no. Any room should have sufficient cross ventilation. Lighting the house affects our mood, hence our lives. Get the schematics to the place and assure yourself that you are comfortable with the plan.
Basic knowledge - check; home selection - check; now it is time for verifying miscellaneous but must aspects before locking in past efforts for your future joy.
8. Travel time
Over the weekend, are you able to travel to the mall to catch your favourite movie? Will you friends attend the housewarming party that you’re throwing? Distance between you and the world plays a critical role in your social life. If the area is developing and expanding, there is a good chance that your friends will relocate close to you in the next couple of months. But if it is difficult for having some weekend fun, reevaluate the place before finalising.
9. Market value
Market value shows the viability of the location. It is directly proportional to the growth of facilities and transportability of the area. If the location is knowing to be a IT area, the rate at which the area will develop is high, thus higher market value. Also, it is important to review your purchase price and current market value so as to avoid any hidden or misleading costs. Understanding this concept is important for investment and future selling.
10. Taxes
Taxes - it is that topic that scares and baffles anyone and everyone. Study on the various taxes that one will be paying and revisit these from time to time. It is also important to verify the tax percentage while purchasing the property so as to avoid any discrepancies. Consult a lawyer or an auditor if need be to get things sorted.
We hope that these points will make it easier for your to purchase your dream house and reduces the tension of uninformed decisions. Good luck with the purchase, and don’t forget we are here to help you along the process of setting up your house!
