Buying a home marks a significant life decision. Achieving the dream of having your own place is truly fulfilling. But, when you’re selecting the perfect flat in Indore, there are crucial factors to consider before sealing the deal. These checkboxes should be ticked off before you put your signature on that agreement.
Here are the 6 points which you need to evaluate before buying a home.
Location
It is of paramount importance that you take into account the locality you will be living in. You need to evaluate it for the following factors:
- Commute to work and back
- Amenities
- Infrastructure
- Connectivity
- Security
Living in a prime locality with good connectivity and amenities is crucial. If you plan to spend some years living in this locality, then make sure it has all the above factors.
Amenities
Amenities define how comfortable your life will be. If you live in a locality where there are no basic facilities such as hospitals or schools, then it is time you switch and get yourself the Best Flats. However, amenities also mean, the facilities provided by the real estate developer and not just in the locality you live in.
Investment Perspective
Your perspective of buying a home is important to consider before the purchase. Whether you are purchasing a flat only as an investment in real estate or you want to live here is a question you need to answer and purchase accordingly. Before you think of how to buy your first home or how to invest in real estate, you need to keep in mind the below vital points:
Total Cost
Calculate the total cost of the property. Brokers might only give you a basic cost but you also need to consider the following:
- Internal/External development fees
- Preferential location charges
- Statutory/club charges
- Service tax
The final cost of the property will be the total of all the above charges.
Buy or Rent
When you think from an investment perspective then you need to decide whether you want to buy the property to reside in or you want to put it up for rent.
Real Estate Developer
Credible real estate builders are the ones who are transparent and comply with all the laws. Below are the pre-requisites you need to check while buying a house from a real estate developer:
- Check the title deed of the plan.
- If you are buying a Flat in resale, then check for the release certificate. You also need to ask for property tax receipts to ensure there are no pending bills.
- Verify the land use as per the city master plan. You can get this information from the local office body in the city.
- You need to check whether the builder has approvals from the local development corporation.
Home Type & Size
Home type is where you decide the area, the type (duplex, penthouse), etc. This also includes common areas such as the lobby area, staircase, etc. There is a difference between the super-built up area and the carpet area. If you are in need of two-bedroom apartments or any such specific requirements, then you should consider the carpet area while buying a house. Sky Heights provides the best apartments, and duplex flats ranging from 2 BHK to 3 BHK flats in prominent localities in Indore.
Payment Plans And Schemes
To attract prospective homebuyers, real estate developers also have different payment plans and schemes. The real estate developers have offered subvention schemes, Possession-Linked Plans, Standard-Deferred payment plans, etc as few types of payment plans. Here is important to note that a homebuyer needs to understand these types of payment plans before taking the decision.
Sky Heights is currently offering a payment scheme for their residential property at Khandwa Road in Indore. If you want to buy a flat at Sky Heights, then you can pay 10% of the payment while booking the house and pay the remaining amount, in slabs of 20%, 30% and 40%, later.
Buying luxury homes is an investment, which is crucial to increase your standard of living. The above-mentioned points can help you make the right decision, if you want to buy a property then you are provided with all the required information and all your queries are patiently answered by our sales executives. So take the step and purchase the dream home you always wanted.
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