Buying a new house? Here are six things you must consider.
There are certain things in one’s life which are considered as milestone. And buying a house is one of them. No doubt people spend a lot of time searching a house as per their likes.
But despite of all the research done, people tend to forget many important factors they must consider before making the purchase. To that end, here are the most important things a buyer should check before buying a house of dreams.
If I am asked what is the one most important thing to consider before buying, it would be the location of the house. A good location not only adds to resale value of the property, it also saves a lot of time and energy.
- If you have elderly at home, ensure that there is a good hospital nearby.
- If you got kids, having a school around will be a great help.
- Do not choose a house which is too far from work. Though, in metro cities, it is not possible to get a house near work, but you can easily have one in Jaipur.
- If you are a frequent traveler, choosing a house which is nearby airport or railway station is a great idea.
Look beyond beauty
Do not finalize a house only because you found it beautiful and luxurious at first inspection. There are things to look out beyond the paint. Look out for leakages, the quality of building material used. Most of the buyers usually focus on paint and looks but these cosmetic things are easy to change and inexpensive. Repairing costs on the other hand can be a huge cost and hassle.
Think About Long Term
What facilities are you going to need in coming years? How many years do you plan to spend in the house? What will be the resale value if you have plans to sell the house in next 5 years.
Consider post purchase costs
Once an owner of the house, you will need to have a certain amount to pay as maintenance. If you buy an apartment, this amount needs to be paid to the builder or agent. Sometimes such amounts are hidden and you come to know about this only when you make purchase. Make sure to ask all these thing from the seller and keep a record of it. Similarly, you might plan an housewarming or griha pravesh ceremony after the purchase and for that you are going to need fund too.
Make a list of guests and arrange their stay. You will also need a housewarming invitation cards. There are many free tools available online which you can use.
Haste makes Waste
Buying a house needs patience. You need to use head not your heart. Don’t let a bad deal happen just because a good friend lives nearby or the decor is good. Trivial things don’t matter after some time.
Set up a budget and stick to budget. Setting up high EMI is never going to help you post retirement. Keep the budget which you can pay in 10-15 years. Keep the EMIs around 40% of your monthly earnings. This will help you keep things in control once your expenses increase (After having a baby or some sudden medical expenses).
Buying a house might seem an overwhelming task for you but you can rely at Mahima Group’s Mahima Sansaar “The Playground Of Life” which fulfill all the requirements of customers. This Project is one of its kind and has 16 plus sports facilities. It is very close to all major destinations:
- Chokhi Dhani Resort which is just 4 minutes away.
- Crown Plaza Hotel, Just seven minutes away.
- Sanganer Airport, just ten minutes away.
- Major schools, hospitals, railway station, hotels are nearby.
It is also connected to Tonk road. So what are you waiting for, visit Our Mahima Sansaar project page and book a free visit now. We have a proven track record of customer satisfaction and our customers trust us for long.