Buying a home is perhaps one of the most crucial decisions in one’s lifetime. Each one of us wants to ensure that no stone is left unturned when it comes to buying a lovely abode for our loved ones.
There are a number of aspects that home buyers need to consider and touch upon when buying a home. Especially in India, where a lot of misinformation surrounds the real estate industry, it is crucial to know a few things before your property. Here are a few things to keep in mind when buying a property, to ensure an excellent property deal. In this blog, we will discuss a few tips that every prospective home buyer must follow before finalising the deal:
Tip 1: Do your own research
The foremost tip, even before you consult any real estate agent, is to do your own research. Remember, your agents and consultants are good at making impressive sales pitches. They might inform you about the escalating property rates in a certain locality, or the latest real estate projects and guide your decision. But having your own bit of knowledge always helps.
Consult your friends and relatives, who live in the neighbourhood, where you want to buy a property. Know about the prevailing rates and escalations over the last few years.
Your research will get you multiple perspectives and will arm you with the knowledge to protect yourself against mis-selling and misinformation.
Tip 2: Have a future plan in place
Assess your needs and what you seek in a home before you look for a property. There are a few questions that need to be answered by you, such as “what is the budget”, “how soon are you looking to move into your home?”, “how important connectivity to the key areas of the city is?”, “Are you looking at something for the long term?”, “Does the place need to be kid-friendly?” and so on!
It is imperative that you assess your financial goals, your current lifestyle and the long-term needs of your family. Chart out a financial plan that will help you balance the rent and pre-EMIs without straining your resources and your lifestyle.
Tip 3: Cross-check your developer’s credentials
When you start looking at projects by developers and builders, make sure you enquire about their past and current projects. Always opt for a renowned and experienced developer, who has a good project delivery track record. This will be, by far the most prudent decision, financially.
Also, take a look at the quality of construction material used in the shortlisted project, and keep a track of its progress. Choose a developer with a credible reputation and goodwill, for an assured investment.
Tip 4: Review the proposed project and its layout plans:
Every home buyer looks for an aesthetically designed project with great ventilation, superb connectivity and convenient amenities for all age groups. When you visit the developer, make sure that you scrutinise the layout plans, to ensure that all that has been promised in the initial commutation (ads) is included in the project layout.
Projects with a plethora of amenities, including yoga centres, walking pathways, toddler’s play area, guest parking, sports pavilions, common halls, clubhouse, etc. are preferred by most home buyers.
Tip 5: Look for transparent deals
Make a quick checklist before you finalise a project. Ensure that the project is approved by leading home loan companies. This would help in getting quicker loan approvals. Insist on receiving the Occupation Certificate or Completion Certificate from the developer after completion of the project.
Peruse the clauses and conditions of the deed, including parking allotments and clauses in parking, if any, of amenities that could be common, and membership-based, to avoid any unpleasant surprises later.
At Pyramid Lifestyle, our Group’s philosophy is to maintain purity and perfection in all our projects. Along with our partners, we ensure that the highest levels of clarity are maintained, when we deal with our customers and their needs, thus forging long-term relationships with our customers.
Our latest landmark, Pyramid Atlante, stands as the zenith of panache and precise homes. With an array of thoughtful amenities and a convenient location, we offer the comforts of an urban thriving lifestyle that’s admired by all. To know more about us and our projects, visit https://www.pyramidlifestyle.com/