10 THINGS TO KNOW BEFORE BUYING A PROPERTY

We all have a bucket list, some people want to travel the whole world, and some want to try every delicious delicacy there is, but one thing that all of us have on our bucket list is buying a property. A place that you can build and call home. A place where we feel the safest and plan to enjoy our long, happy life with our family. As simple as it sounds, it is one of the most difficult things.

Ten things that a buyer should do before buying a property are as such: -

• The buyer's financial status: - Buying a house is a hefty long-term investment. It is always a good thing to evaluate your financial liabilities so that you can have a clear picture of your budget. This smart move will prevent your home loan from turning into a nightmare.
• Research on Developers: - We live in a world where it's hard to trust anyone, and making such a huge investment means a huge amount of trust. So before buying a property, do thorough research on the developers, their past projects, their ongoing projects, and their goodwill amongst their earlier clients
• Construction Quality of the property: - We often come across people complaining about how unsafe their flats have become after 20-25 years of construction. To avoid such circumstances, you can check the quality of the buildings the developers are constructing. See if they are delivering the house, they promised by visiting their ongoing projects and the projects they have completed.
• Location and neighbourhood of the property: - Sometimes we get enticed by all the Porsche amenities that are given by the developers that we lose our focus and forget to look after our necessities of ours like a neighbourhood, nearby hospitals and schools, quality of roads, and many more. So do your homework, visit the site, and see if the investment is worth it.
• Connectivity from major points: - We all are Mumbaikars, and one thing we all know for sure is how hectic traveling can get. So don't waste half of your life traveling by making sure you buy a house closer to your office, railway station, bus stand, etc.
• Rental and Resale value of the property: - Irrespective of your intentions of buying a house, do get a complete account of your house's rental and future resale value. Do reiki and inspect your location, current infrastructure, and the prospect of infrastructural developments.
• Water and Power supply: - Water and power are necessities, and if not available, they can make your life hard. Before investing in a property, see if there is a 24*7 water supply and if power cuts are frequent or rare.
• Legal guidance: - A big investment means a lot of legal work, so to avoid being duped and to be prepared better, get legal guidance so that your home-buying process goes smoothly and is secured for life.
• Property Insurance: - We live in uncertainty where anything can happen. As it is said, hope for the best and prepare for the worst, so get insurance for your property. You can easily get insurance for your property in banks.
• Additional cost involved: - If you want to avoid a lot of hassle, you can hire a professional to help you in your buying process. He will also charge a notable amount of money along with him, and there are other people like home inspectors, notaries, lawyers, and other professionals.