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Factors to consider before buying a home

Factors to consider before buying a home

Purchasing a home is a crucial decision and of course, you want it to be the right one. It is an investment of both time and money that should be done carefully. To make an informed decision when buying a house, you need to consider all the key factors. 

Here are few essential things to keep in mind before buying your dream house:

  • Location

An ideal place is to live somewhere where you get access to all the necessary utilities conveniently. Place yourself in a central location so that everything’s in the vicinity. The location should also be safe and have a good social presence.

  • Decide on the best financial plan. 

Loans, mortgages can be difficult to manage and understand. You can seek financial advice before purchasing a house and choose a plan that suits you best. Do not go beyond your budget.

  • Resale Value

Do market research in the area and check the previous or recent sales for resale value. If you are putting your investments in something, it should pay off if you ever decide to sell it later.

  • Verification of property’s legal status

 Verify that the building is legally authorized to stand on the plot on which it is located. The developer should have approvals and NOCs from Area development authorities, water supply and sewage boards, electricity boards, and Municipal corporations. Nevertheless, if you are applying for a home loan, the bank will verify your property documents before you get the loan.

  • Accessibility

Check if everything that you need is accessible from where you live, like a hospital, educational institutions, convenience stores, ATMs, etc. Also, check the connectivity and transport facilities available. 

  • Check on quality

Buildings must not only look good but have better construction quality as well. You can take the help of engineers or architects to run a quality check on your building to save you from future issues.

Except for these, inquire about maintenance charges, parking space, water, and electricity supply. Don’t forget to read the buyer-builder agreement carefully while clearing all your doubts. 

If you are looking for a place that checks out all the above-mentioned points and gives you the best luxurious apartments with amazing location and amenities, do visit the Platinum Group in Jaipur, committed to making your dream homes a reality.

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