In the realm of real estate, site visits play a significant role in the house-buying process. It serves as a window to the property’s true nature. Besides all the word-of-mouth and blueprints, site visits help you envision the place that you are going to dwell on.
Site visits- A portal to local culture
Oftentimes, what you hear and what you see online can deceive you. It is crucial to do site visits often before setting out to buy land or build an apartment. What your builder says or what you hear about the place can be quite contrary to the actual one. To cut off misunderstandings between you and the builder and help you differentiate the place’s strengths and potential drawbacks. It doesn’t only help you ascertain the nature of the place and gives you the satisfaction of having seen and collected information about the place you will dwell on in real-time. Let us delve into why site visits are important for land/ apartments.
To know the property’s exact location
Site visits ensure the transparency and authenticity of the proposed site. Dropping by to see the site can eliminate all the misunderstandings and assumptions about the proposed site. It provides an opportunity to pinpoint the exact location and dispel all the ambiguities created by maps and online descriptions.
By doing so you can be satisfied by physically verifying the locality and neighborhood. It also serves as a window to gauge the site’s potential and future development. Site visits help you converse with the neighbors, ascertain the prospects, and identify potential threats, and advantages your builder might have missed out on. One of the most intimidating local factors is water stagnation during rainy days. Site visits let you analyze the nearby water bodies such as lakes and rivers. This will help you understand the potential threats during rainy days.
To interact with local people and observe the local culture
Information from online sources can be deceiving at times. Investing in land/ Apartments is no child’s play. It takes a lump sum amount of hard-earned money and effort to buy one. Physically present in the site/apartment can help you interact with local people and understand the culture of the place you are going to dwell in.
You can be provided with information that is missed out on the internet. Knowing where your investment goes is crucial in investing in lands/apartments. Conducting interviews with the locals, and dwellers can help you distinguish drawbacks and advantages clearly. Frequent site visits can help you adapt to the site/apartment, helping you be at ease when you move out.
In most cases, the price of the proposed site as mentioned by the builder and the actual price can differ. Site visits come in between to solve this problem by letting you interact with the locals to best understand the current price rate. Site visit helps you analyze the quality of the groundwater, transportation facility, and electricity firsthand. You can check whether the site/ apartment suits the builder’s description.
To ensure the building quality/ land structure
Quality is paramount in building. Site visits help you analyze the materials and building’s quality to ensure longevity. Ascertaining the land structure is crucial in building since it is the foundation where you are going to build your dream house. Land structure varies from place to place. Building quality and land structure play a huge toll on the longevity of the property.
Soil types such as Alluvial soil, Black and Cotton soil, Red and Yellow soil, Laterite soil, and Saline soil have a huge take on the quality of the building. It is crucial to understand the soil quality and land structure before building.
To know the actual construction status
In the present-day scenario, hiring an engineer and masons can break the bank. Site visits are essential to ensure smooth workflow and eliminate any misunderstanding between the workers and the owners. Moreover, site visits help you keep track of the construction process, and quality of the products used, and check whether everything goes as planned. Doing so, will eliminate misunderstanding and get the work done within the stipulated time. A prolonged construction process can mess with your schedule and prolong EMI and rents. The sooner the better.
To know any new construction work going on the land
Chances of others constructing something on your plot are less likely, but never zero. It is crucial to pay a visit to the site at regular intervals to ensure your land/apartment is safe. Site visits help you eliminate any untoward situations. Frequent site visits pave the way for you to have real-time conversations with the locals and stakeholders.
Site visits help you improve your interpersonal skills and create a rapport with the construction workers and the stakeholders. It serves as a window for you to negotiate with the builder and arrive at a reasonable cost. It will help you big time when you finally move in. Getting closer and more comfortable with the locals and stakeholders open up unexplored areas touched by the builder. Since builders are more likely to focus on the positive aspects of the proposed site than the grey areas. Site visits eliminate the problem and let you decide on your own.
To review the quality of material used for construction
The longevity of the apartment solely depends on the quality of the materials used and the quality of the land (soil). They play a pivotal role in the quality of the building. Site visits serve as a window between the process. It helps you scrutinize the quality of the materials used. Such as quality cement and iron used in construction to eliminate the possibility of cracks and crevices in the building. You can ensure that everything is going on as per the plan. Having a clear-cut plan and frequent site visits will lead you to a satisfying and successful result.
After discussing with the builder and the construction workers, it is paramount to make frequent site visits to avoid any miscommunication and misunderstandings in the future.
To understand the housing loan availability
Buying an apartment can be expensive. The need to apply for a home loan is inevitable. However, there are a lot of factors that contribute to the sanctioning of the loan. Factors such as credit score, income, repaying ability, and capacity. Some bankers disburse the entire loan amount, some disburse the amount in pieces.
Site visits provide lenders with a firsthand evaluation of the construction process, potential value, and location. By accessing the land/ apartment, lenders can gauge the potential value of the location, which will directly impact the loan amount and risk assessment. Site visit helps both lenders and borrowers access the value of the property, enabling them to take calculated risks.
Let’s wrap it up
Site visits go beyond bricks and mortar, allowing you to experience the process
firsthand. You can connect with the locals and analyze the vibe before moving in. It is a crucial period where you can identify potential threats and opportunities in the locality. Checking whether the proposed site is amicable to you and your family members help dispose of misunderstanding and disputes in the family. Moreover, both lenders and borrowers get benefitted out of the process, since it paves the way for them to analyze the potential of the site and helps the lender disburse the loan amount in one go.