CHECKLIST FOR HOME BUYERS

From HOUSE to HOUSEWARMING!

INTRODUCTION

Buying a new house is a big step and a lot of

investment.

It’s important that we take the right decision.

10 THINGS TO KEEP IN MIND

10 aspects of home buying

Neighbours

Price

Legalese

Area

Storage space

Ventilation

Quality

Other Costs

Investment value

Security

NEIGHBOURHOOD

• An important factor while choosing a house.

• Proximity to educational institutions, hospitals, transit systems.

• A safe and secure neighbourhood.

PRICE

• Compare prices of similar properties in market and the average price.

• Consider other alternatives.

• Compare prices of similar properties in the area before making the deal.

DOCUMENTATION AND LEGALESE

• Check all permits, clearances and property deeds wrt the chosen property.

• Get legal opinion on all property related documents.

• Do the due diligence before signing final agreement.

AREA

Prioritize your needs wrt property you want.

Playroom, gym, garden, security etc are the new trends

Consider other alternatives - 3 BHK apartment/villa/condo etc

STORAGE SPACE

• Check storage area to avoid clutter

VENTILATION

Ventilated spaces –well aired and sunlit.

Houses facing parks/open areas

enhance ventilation

QUALITY

Call in expert to check quality of construction.

Check for quality and brand of amenities and accessories used.

OTHER COSTS

• Additional costs - electricity bill, water bill, property maintenance, tax etc.

• Find out exact breakup of costs wrt the property.

INVESTMENT VALUE

Invest in properties having good resale value.

Good location and neighbourhood in a well developed area ensures good

return.

SECURITY

• Ensure that your home is secure and safe.

The above points will help you in finding the right house for yourself.

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