Things To Consider Before Buying A House

Investing in real estate entails more than just finance. We need to factor in several other criteria before we shell out six to eight figures on a house. While some of us might be looking to upgrade to luxury apartments in Bangalore, some of us might be reaching a milestone of our lives with their first property purchase. Be it 2 BHK flats in Horamavu main road, 3 bhk apartments for sale in gunjur or Apartments for sale near whitefield itpl, a lot of deliberation must go into buying a house. Here are some factors you should consider while making the decision.

1.Requirements

Are you looking to find a home, or an investment opportunity that would be a source of income through rent? What locations do you prefer? Understand your motivations for wanting to invest in property and know what your requirements are. It would be helpful to first figure out how soon you’d want the keys in your hand, based on that you can decide to go for either a ready to move in property or one under construction. Your needs should also guide the size of the property, whether it’s villa, 1 bhk, 2 bhk or 3 bhk that you’d want to buy.

2.Finances

Sometimes we find exactly what we’re looking for, a property that ticks all the boxes on our checklist but the price shoots way over our budget, in such cases it is always advisable to reconsider and stick to your set budget. It is very important to know how much you can comfortably afford without adding on more financial liabilities. Buying a house is a big investment and it’s likely that it isn’t the only expense you have to manage. So take a careful look at your finances, and consult an expert if needed

3.Builders

There are several real estate builders in the market, so making a choice about which one to go for can be overwhelming. After you’ve sorted out your requirements and finances. Take a look at all the properties that match your criteria. That will leave you with a comprehensive list of options. It would be wise to do some research about the builders, their projects, reputation, customer testimonials from third party sources etc.

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4.Construction quality

Once you’ve narrowed down your list of potential properties, you’re ready for onsite visits or virtual tours to know more. Most of the brochures and ads you see are aesthetically pleasing to lure in more customers, so it is essential that you take a look at the property for yourself, several times even. Examine the construction quality of the houses, the flooring, tiles, plumbing and fittings, furnishing if any. Ask questions about the material used and the construction process to get a clear picture of what you’re getting into.



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5.Area

Don’t just go by the basic square footage of properties. Builders include the construction of common areas, walls, stairwells etc into the total area which is called the super built-up area. The actual usable area or the space that you get is usually 30% of that and it is called the carpet area, enquire about that. Check the dimensions of the rooms, kitchen, balcony, utility area, bathrooms etc to get an accurate estimation of the livable space that you get from the investment. These details also give you a little more leverage in negotiating the prices.

With 33 years of experience, DSR has emerged as one of the top builders in Bangalore. Real estate is a smart long term investment if you are careful about how, when and where you put your money into. Apart from all the points mentioned above make sure to read the fine print in the contracts, look into the additional expenses like GST, registration fees, loan processing charges, etc. Also check the delivery date and be clear about the buffer time most builders maintain. Take your time to make the right decision for you.