The Top 5 Important Factors to be considered for Buying your Dream House
Are you looking to purchase new house? Buying a Dream home is one of the most important financial decisions you will make in your lifetime. From figuring out pricing, location, budget etc., and a lot goes into our minds when we are deciding to buy the property, here are 5 important factors to be considered for buying dream house.
- Use a trusted Developer
This is one of the most important factor that most of the buyers tend to forget before deciding all other things you should always trust a reliable builder/developer who has maintained an excellent record in project completion & delivery. This will help us to own a property that will be free from any sort of illegalities.
- Location and surrounding area
Always choose a location where everything as per the basic necessities exits. Because it will be a critical issue for you & your family if the location or the surrounding areas lacks needs that are going to arise daily for your livelihood. With that in mind, it’s important that you find a location that suits these needs before buying. Always ask yourself that if this will be the right place that will give you all the peace of a lifetime or tons of energy from a bustling city center.
- Size of the property
The size of the property like for example flats, duplexes, shops, villas or bungalows shouldn’t be neglected when it comes to purchasing, but it should be in the forefront of your minds. It is the one thing about a property that cannot really be altered. Think about it: You could knock down a house and rebuild it from scratch, but regardless of the changes you make, the lot will stay the same. When looking at specific property sizes, consider the property or flats location and size carefully before making any offer from your end. Does the building or space have a yard big enough for your kids to run around in? Does the flat have a view that you can see lush greenery or breathtaking views?
- Age of property
When it comes to buying a dream home, especially the home you’ve been thinking to purchase for your entire life, age does make a difference. Buying older homes and brand new ones each have their pros and cons, so be aware of what you are really interested 7 do your research well. Are you really looking forward to buy old homes? If so, tailor your search to those historical diamonds-in the rough. However older homes require more maintenance unlike newer ones if they have not remained in good shape. Are you willing to buy flats/homes that will have luxury amenities, gymnasium, swimming pool, servant’s room, spa, podium parking space? In that case, new construction may be a better fit.
- Affordable Costs that will make you comfortable
Once all the above mentioned factors are decided then cost of the buying your dream home should be on the bucket list. Otherwise your dream home would end up in losing your savings more. Try not to stretch your budget. Remember that there will be more costs to consider than just the monthly loan payment if you have purchased. You should also consider local taxes, GST, monthly maintenance costs, and association fees when purchasing. Once you have the offer ready on a property, have your channel partner get in contact with the sellers. They can ask them to provide a breakdown of all these monthly & yearly payments.
Everyone wishes to buy their dream house. And with right amount of information & research it is possible. You can use these important factors in considering a new property for yourself.
