Buying a home is indeed a major step in one's life, probably a once in a lifetime commitment. The best way is to
look for two types of values when choosing a new home - the HARD VALUE and the SOFT VALUE. Hard value is the capacity of the house to retain its price and to increase it over a period of time, thereby ensuring returns on your investment. Soft value is the ability of a house to meet your expectations or requirements from a home. Following are some tips on home buying:
Look for the basic requirements
First step of buying a house is to list out your family's requirements or expectations like the number of rooms, size of the house, etc. This being a major decision in life considers future requirements too.
Planning your budget
Before looking around for your dream house, it is better to have a rough idea as to how much you intend to spend and how you'll arrange for it. A good builder plays the role of a financial consultant, by advising you about various schemes as well as directing you to best suited options.
Choosing the ideal location
While considering an ideal location, one need not always go for the best location available in the city, which invariably comes with a high price tag. If price is one major consideration, go for a location which has a potential for development in the near future. Make sure that basic necessities like reputed schools, shopping areas, etc. are easily accessible, be it in the city or the suburbs.
Looking for the best builders
Looking for good builders with a wide range is the next step. To be on the safer side, study the builder's background to make sure that they have a good track record. By enquiring about their future plans, you can find out if they will be there long enough to fulfil your after sales service requirements.
Always bear in mind that you have the right to examine the title deed of the property to make sure that it is clear. Also ask the builder how soon he can carry out the registration. This is one way of making sure that property is clear and free from mortgages.
After you have chosen a project, ask the builder to show a sample house and compare it with your list of needs. If it matches with your requirements of soft value as well as hard value, it is indeed your dream house. So go for it before somebody else makes the deal and "live happily ever after".
