Building the Life of Your Dreams: Things to Consider When Buying the Perfect Home

Buying a house is like a dream come true for many. It is a place where one creates memories, raises a family, and seeks solace from the outside world. Moreover, it is probably the biggest financial decision one needs to make in their lifetime and may involve years of planning and savings.

With so much at stake, it is crucial not to get overwhelmed, but instead, make sound and thoughtful decisions. One must consider a multitude of factors when buying a house to avoid any regrets later.

This article presents a checklist of things to consider before buying a flat  in India. Keep reading.

• The size of the house

One of the most crucial things to consider when buying a house is its size. Several types of residences are available in India, including flats, villas, bungalows, and studio apartments. Furthermore, one can choose between a 1,2,3, or 4-BHK flat according to their requirements and preferences.

For example, bachelors or couples on a tight budget can opt for a studio apartment or a 1-BHK flat. Those with small families can buy a 2 or 3-BHK flat, whereas those living in joint families can buy a 4-BHK flat or a villa, depending on the financial condition.

• Location of the house

Size and location are the topmost factors that one should prioritise in their house purchase checklist. It is because the location of a house can play a significant role in defining the convenience and status of the residents.

One must consider a property’s proximity to major business hubs and other basic amenities, including schools, hospitals, shopping malls, and recreational areas. Additionally, one must analyse the presence of public transportation modes, such as railway stations, bus stops, etc., in the locality apart from flyovers and expressways that ensure seamless connectivity with other parts of the city.

One can also look for future development plans and the growth potential of an area before buying a flat in it. It is crucial not to get lured by competitive pricing and fancy amenities, which may result in buying a flat in a faraway location with the least development.

• The range of amenities

The range of amenities a housing project offers plays a crucial role in the life of a modern city dweller. Instead of buying a flat in a nuclear building, one can look for a residential complex that provides several amenities to enhance the daily life of the residents. Though one may have to shell out a few extra bucks, it can be of great advantage in the long term.

Apart from the basic amenities, such as a swimming pool, gymnasium, cafeteria, and clubhouse, one may look for some premium facilities, including a landscaped garden, dedicated yoga room, kids’ playing area, indoor games room, library, and a cricket pitch.

• Safety and security features

Safety and security features of a house are paramount for homebuyers, especially for those with a family. One must prefer buying a house in a neighbourhood with a low crime rate and reliable emergency services.

Additionally, one should look to buy a flat in a gated residential complex with cutting-edge security systems, 24x7 Closed Circuit Television (CCTV) camera surveillance, and well-trained security personnel.

• The reputation of the builder

One must also consider the builder’s reputation while investing in its property. One can verify the past and current projects of the builder before zeroing in on a house. One can read reviews about the builder and its projects on various real estate online forums. This will give them an idea of the builder’s credibility and reliability.

It is safe to go with a reputed builder who has a history of ensuring the timely completion of projects and customer satisfaction.

• Property documents

Last but not least, one must inspect the property documents thoroughly before finalising the deal. The list of documents to check before buying a flat may vary depending on whether it is an under-construction property or a ready-to-move-in flat.

Some common documents to be checked before buying a flat include a sale deed, purchase agreement, building approval plan, possession letter, completion certificate, Khata certificate, and an allotment letter.

Summing it Up

Buying a perfect home is a multifaceted endeavour that requires careful planning and consideration of several factors. One must consider the size and location of the property, the range of amenities it offers, safety features, and the builder’s reputation before finalising a deal. One must also check the property documents carefully to avoid any hassles in the future.

Piramal Aranya is a premium residential development in South Mumbai that can cater to the diverse requirements of modern homebuyers. Built by the prestigious Piramal Realty Group, it offers luxurious 2,3, and 4-BHK apartments with stunning views of the Rani Baug and the majestic Arabian Sea. Click here to take a virtual 3D tour of the property.

Disclaimer- This article is based on the information publicly available for general use as well as reference links mentioned herein. We do not claim any responsibility regarding the genuineness of the same. The information provided herein does not, and is not intended to, constitute legal advice; instead, it is for general informational purposes only. We expressly disclaim /disown any liability, which may arise due to any decision taken by any person/s basis the article hereof. Readers should obtain separate advice with respect to any particular information provided herein.