So, you have saved up your money for putting down that deposit for your dream home, got the bank loans lined up, and are now all set to choose the home you will buy, after which the bank guys would begin processing your loan. To ensure that your hard earned money doesn’t go to waste, there are certain things you need to consider.
The location of your investment is most important. Because of the commercial potential and also the higher resale value of the property, it is always a good idea to choose a location that is vibrant and is set to grow. You will, therefore, see, more people choosing to buy Apartments in Kochi than in smaller towns, unless there is some family or personal constraint they have.
The next thing to consider is which part of the city you will buy your property in. For example, if you are buying Flats in Kottayam, then you need to be aware of which parts of the city have easy access to all amenities like hospitals, schools, markets, restaurants, banks etc. The general hygiene and upkeep of the area must be good and it should have a healthy mix of residential and commercial properties.
You need to also be aware of the quality of the builder or promoter from whom you would be buying your property. If we consider the example of Ernakulam, you will find a number of builders offering to sell you Villas in Ernakulam, but only a builder who has a good history of completed projects and a strong reputation in the market can be trusted to offer you the right value for your money.
It is not enough to have money to buy your home of choice, you also need to invest your time to sift through all options and choose the one most suited for you.