How should one choose a dream property?

Over the last two decades, the surge of real estate in Tamil Nadu has increased tremendously. Even the pandemic years have changed the real estate dynamics. Leaving people’s financial situations ahead, many construction companies have faced an acute demand for supplies, workers, and spiked interests. Nevertheless, the grace for buying properties or villas has stayed the same.

Have you pictured the right time to invest in your dream property? Real estate prices are increasing daily due to their market value, particularly in Chennai. Though the real estate price tumbles, it will settle favourably for home buyers.

Buying a home or villa has always been a dream for many individuals. Gone are the days when people are afraid to step in making more significant decisions. Now, life is made more accessible, and so are our choices. While choosing your dream home, it is beneficial to eye at the guide that might help you land in your dream home.

Before choosing your dream property, let us know the list of things to consider.

Obviously, the cost!

Not that everyone loves a grand villa. Instead, many buyers love compact properties.

Go for Easy Mobility

Mobility is the next vital factor in choosing a dream property. Though it seems a cliche, the property's location is the game changer.

Amenities - Compromise or No Compromise

When it comes to your dream home, checking out the amenities that you need stands first. Discover your style and start your search accordingly.

Know your UDS Partner

When you aim to purchase an apartment or a shared area, it is essential to know about your Undivided Share Partner.

Size and Architecture of the Property

Property layouts might differ from your expectations in Vastu requirements, bedroom spacing, and even the number of bedrooms.

Prefer Kid-friendly Property

Many families prefer kid-friendly properties during their search. If you are one among them, refine your research with properties that are located near or around good schools and hospitals.

Keep Your Parents in Mind

Though many properties are not the right fit for you when you have elders in your home, modern urban development has been way ahead in bringing innovative features to elder-friendly properties too.

Analyse the property development stage

Once a property grabs your attention and fits your needs, the next thing to check is the property’s development.

Legal Opinion from a lawyer

The next important thing to do before purchasing is to get a legal opinion from your lawyer.

Finally, the BUILDER

Yes, though you may leave one or two factors mentioned, choosing the right builder for your dream property is always necessary.

Key Takeaways

Investing is a key factor of saving. Saving money without investment is a bad choice.

Obviously, the cost!

Not that everyone loves a grand villa. Instead, many buyers love compact properties. Either it is a compact or lavish property, pen down your budget before indulging in the property search. Most importantly, stay firm in your budget, as some underrated properties may make you fall for their external beauty. You can also go ahead with the 28/36 rule. What is that? According to experts, your housing expenses should be at most 28 percent of your monthly income. At the same time, your monthly expense, including fees, loans, etc., should be at most 36 percent of your gross monthly income. If you feel the property is worth going to, ease a few bucks in your budget, but not more. There are many budget properties available that goes beyond your expectation. Take your time. 

Go for Easy Mobility

Mobility is the next vital factor in choosing a dream property. Though it seems a cliche, the property’s location is the game changer. When purchasing a new property, you will spend your next decade. at this place, understanding your neighbours and understanding them might help you. Go for the location that fits your needs. Learn more about the location by gathering its past information.

Amenities - Compromise or No Compromise

When it comes to your dream home, checking out the amenities that you need stands first. Discover your style and start your search accordingly. Not all properties have the amenities you expect. If you are looking for a gym, proper parking space, and other essential amenities, filter your search and make sure you are landing at the right builder.

Know your UDS Partner

When you aim to purchase an apartment or a shared area, it is essential to know about your Undivided Share Partner. Luckily, some might get good UDS partners, which on the contrary, some don’t. A clear eye on understanding your UDS partner might save you from future chaos. 

Size and Architecture of the Property

Property layouts might differ from your expectations in Vastu requirements, bedroom spacing, and even the number of bedrooms. Wherever you are, our locality is filled with immense property builders. Undeniably, you might land in one or two properties out of your dozen research. Giving priority to the size of the property always helps you have a good impact on your results. 

Prefer Kid-friendly Property

Many families prefer kid-friendly properties during their search. If you are one among them, refine your research with properties that are located near or around good schools and hospitals. It is also necessary to prefer a property with a playing area, ample storage space, a garden/balcony, and a cool neighbourhood. 

Keep Your Parents in Mind

Though many properties are not the right fit for you when you have elders in your home, modern urban development has been way ahead in bringing innovative features to elder-friendly properties too. Check out the walkability score before you decide to buy a property. Like the younger generation, your parents too prefer easily accessible places. Like kids, elders also love to keep them busy all time. Either they will give work to their ears or eyes. So, choose a property with the required amenities that makes them independent. 

Analyse the property development stage

Once a property grabs your attention and fits your needs, the next thing to check is the property’s development. Know the present stage of the property and reconfirm the completion date. It is also wise to check with your neighbours about their delivery to ensure their legitimacy with the buyers. 

Legal Opinion from a lawyer

The next important thing to do before purchasing is to get a legal opinion from your lawyer. Choose the best lawyer, as they might be able to let you know all the paperwork in detail and even save you from tangles before the property investment. It is always advisable to recheck the place and the documents twice or thrice to avoid unnecessary confusion in the future. 

Finally, the BUILDER

Yes, though you may leave one or two factors mentioned, choosing the right builder for your dream property is always necessary. Take out the jack, ask questions, and clear your doubts. Investing in a property is a dream-come-true moment for every hard-earning individual. If you are investing in properties for the first time, you must do a background check about the builder. Contact the previous buyers and have a good chat with them to know the project deliveries of the respective builder. 

Key Takeaways

Investing is a key factor of saving. Saving money without investment is a bad choice. When it comes to real estate, investing in properties with a high ROI stands first. When there is no increase in your investment, there is no point in investing it. Choosing the right home is easy. Buying a dream property must be worth the wait. Aging is good. It becomes fruitful when you age with your loved ones in your dream home filled with memories. Cheers!

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