People are taught right from their childhood to make savings and be prudent in their lifestyle. As we start earning money, we start saving for financial security and peaceful living. People have choices to invest in different types of assets: fixed deposits, real estate, gold, stocks, mutual funds, bonds, cryptocurrencies, etc.
People invest in an asset depending on their financial capability, risk appetite, and yield. While some people invest in an asset that provides a lucrative yield for their investment, most people would like to invest in an asset that provides a stable investment and yield.
While fixed deposits, gold, stocks, mutual funds, bonds, and cryptocurrencies can be quickly liquidated depending on the financial needs, real estate assets cannot be quickly monetized. Despite this challenge, people see real estate as a stable investment asset that provides capital appreciation and rental returns.
As one decides to buy a property, several questions arise in a buyer’s mind. Buyers look at several factors before buying a property – Locality, Property Type, Neighborhood, Connectivity, Developer’s Credentials, Building Approvals, etc.
Here are some of the most common questions that a buyer has on his/her mind at the time of buying a property.
Locality:
This is one of the prime deciding factors while buying a property. Most people think of the following questions at the time of property purchase.
- Is the locality well-developed?
- Is the locality easily accessible to other parts of the city?
- Does the locality offer capital appreciation?
- Does the locality offer rental yields?
- Is the locality safe for women and children?
- Is the locality safe from social crimes?
- Is the locality safe from flooding during rains?
- Is the CMWSSB drinking water and sewerage facility available?
Property Type:
- What type of property should I buy – residential or commercial or industrial or agricultural?
- What type of residential property should I buy – plot/villa/apartment?
- Is it wise to buy a plot and build a home or buy an apartment in a gated community that offers lifestyle amenities?
- Should I buy a property in an under-construction project or buy a ready-to-move property?
- Should I buy from a reputed builder?
- What is the home loan eligibility and how much home loan should I take?
- What should be the size of the plot / UDS?
- What should be the size of the villa or apartment?
- Should I buy a new sale or a resale property?
- How many bedrooms do I need?
Neighborhood and Connectivity:
- Does the neighborhood easily accessible by road, rail, metro, or airport?
- Does the neighborhood have reputed schools and hospitals?
- Does the neighborhood have entertainment avenues?
- How far the property is from the work location?
Developer’s Credentials:
- Does the developer have brand equity in the market?
- For how many years has the developer been in the market?
- How many projects the developer has delivered to date?
- Does the developer deliver projects on time?
- Does the developer have an in-house construction team?
- How is the construction quality?
- How is the customer service quality?
Building Approvals:
- Whether the property is clear of all encumbrances?
- Whether the builder obtained all approvals required for the project?
Home buying is a lengthy process where we not only need the advice of friends, relatives, and well-wishers but also need the advice of real estate professionals. Since our inception in 2014, Traventure Homes stood committed to the tagline of “Concreting your dreams”. We have an experienced team of legal professionals to undertake due diligence on land titles, a knowledgeable and caring team of sales and customer relationship professionals to assist people in the buying process, a skilled in-house construction team to undertake construction works, and a competent in-house quality assurance team to ascertain the quality of building materials and construction. Thus, we ensure not only timely delivery of projects but also quality delivery of residential spaces to match buyers’ aspirations.
