The current coronavirus fuss has disrupted every industry in the country, and the real estate industry is no different. People across the country are utilizing this time to buy a home or invest in a piece of property. However, residential real estate is having one of the lowest interest rates at the moment. Various surveys suggest that housing enquiries have progressed and the majority of home buyers intend to return to the market in three to six months. Let us look at the fundamental factors in choosing the right home for you and your family.
- Neighbourhood
- Builder’s Reputation and Construction Quality
- Connectivity
- Resale Potential in Future
- Air, Lighting & Amenities
A perfect essence of fresh air blowing into your home and proper lighting will determine the living experience you have at your place. A proper passage for air from various directions will give a refreshing feeling every day. Always check whether any buildings are blocking the air and lighting.
The locality where you and your family agree to live for the next few years does mean a lot, especially when you have toddlers. Moulding their lives during childhood is crucial, and being with the right families and friends around them, make them learn a lot for the future. Being comfortable around the nearby families is another huge aspect you must look out while buying a house. Will it be safe at night? Whether the area is free from burglars? These questions must be clarified before buying the property.
Having prior knowledge about the builder’s profile and their overall history brings that extra layer of assurance while choosing a home. Knowing their past projects and ongoing projects and the delay usually occurs for projects and more will help you decide a trustworthy developer. Also, checking the quality of the construction by examining the walls, finishing, wiring, fitting, tiles and more will provide a good idea about their style and finish.
Yet another influential part you must interpret before buying a home is the connectivity. Opting for a property where the workplace, schools, hospitals, and shopping places near the property, can cut down the inflated fuel cost, time lost in travelling and more. In the modern world, the valuable things are obviously time and health, hence keeping both of them intact can survive better.
While choosing a property, think ahead of the time, when you have to pack your bags to relocate to some other location, will the property be appealing to others? That’s another thought you must make before buying. If it’s far from the city, considering the future projects that may happen in the surrounding areas would provide an impression on the resale potential. Properties with a decent resale potential can help you relocate.
Additionally, almost every builder now offers amenities to their real-estate projects, as families value them highly. During the coronavirus, people tend to stay at home, which halted outdoor recreational activities. Thus the need for amenities kicked in within the buyers. Always select the property that has the right amenities for your family.
