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- Location of the house.
- The size of the lot.
- Number of bedrooms.
- Number of bathrooms.
- The Kitchen layout.
- The age, style and condition of home appliances.
- Age of the house.
- The Selling Price to be compared with the current market rate.
If you’re thinking about buying a home, this list can help get your search off on the right foot. While the number of rooms, the condition of the kitchen, and the size of the yard are important, there are other things to think over before you make an offer. Consider these factors.
They say that the three most important things to think about when buying are home are location, location, location. You can live with almost any imperfection in a home if you love the neighborhood and your neighbors. You can change almost everything else. But, once bought, you cannot change your home’s location. When you go house hunting, consider any potential home’s proximity to your work, the charm of the neighborhood, how the home is situated on the lot, ease of access, noise from neighbors, traffic, and pets, as well as access to parks, shopping, schools, and public transportation.
Beyond location, look at the site of the home. If the home is on a hill, does it have a view, a walkout basement, or lots of stairs to climb? Do neighbors’ windows look directly into the home? Is the yard suitable for kids, pets, gardening, or other uses? Is access to the property safe regarding driveway elevation or stairs to the front door?
Be sure the neighborhood, and not just the house, meets your expectations. They say that you should own the smallest home in the nicest neighborhood that you can afford. You’ll have a great view! Drive around on weekdays and weekends, during the day and in the evening. Are homes in the neighborhood consistent in size and features? Do the neighbors keep the yards clean and tidy, or are there old cars and trash around? Is the neighborhood safe enough for people to walk, run, or bike, and are there children playing in the yards?
A Villa buying decision is one of the important decisions of life and for most, it is a MILESTONE achievement. A Villa purchase is a capital-intensive investment and hence it is all the more important that we take a thoughtful decision rather than just taking an emotional plunge
NEED: Have you asked yourself this question: Why Do I Need to Buy A Villa ? Why can I not rent it? Financially renting is a better choice than buying because the return on a residential Villa is just 3-4 % whereas the home loan is 8.6 %.
FINANCIALLY READY: Are you financially ready to make a Villa purchase? Have you considered all the financial obligations like a car loan, educational loan repayment, rent, equipment loan (mobile, etc.)? Have you considered your financial obligations towards your parent’s health care, your wives/husbands need: professional and personal, children’s education and incidentals? If yes what is the surplus month-on-month which you can invest in buying your dream Villa ? “YOU GOT IT”– You got the exact monthly surplus for investing in your Villa purchase (This point is valid for people who are going to take a Villa loan for buying a property. Those who have funds at their disposal because of their savings or inheritance or from the support of parents etc. can ignore.) I am considering that your JOB or Business is secure.
LOCATION: One of the super important factors to be considered while making a Villa purchase is the location that needs to be close to work and is considered as the deciding factor – it surely is but there are many other factors with respect to deciding the location. Please ensure that the LOCATION you choose has an “ESTABLISHED SOCIAL INFRASTRUCTURE: MARKETS, SCHOOLS, HOSPITAL, POLICE STATION, CINEMA, etc). Do not buy a location, which is futuristic. YOU live in Today not in the future some 5-10 years away.
WHICH PROJECT TO CHOOSE? The first and foremost thing is to find out the consultants working on the project and lastly the Financial Consultants. Please remember that the consultants dealing with design and construction are the most important. Don’t just get lured with the green patches and things like table tennis, carom room, etc they hardly cost anything, the construction material and specifications are what you must consider seriously. Choose reputed Architects over Local Contractors.