5 Points to Consider While Investing in a Home

It is well understood that purchasing a home is not only an aspirational but also a life-changing investment decision. However, with so many options, it can be difficult to find the right home. As a result, it is critical to keep the following points in mind when making that critical investment.

• Location: It is one of the most important and primary factors in any real estate investment. Physical and social infrastructure development around the project, commute time, the actual location of the project, and the surrounding area are all important considerations. Furthermore, if it is a new location, safety and security become even more important.
• Appreciation: Another important consideration when purchasing a home is the potential for appreciation. This is largely dependent on infrastructure development in and around the project area. As a long-term investment, most real estate projects are expected to witness an appreciation due to rapid urbanization. While development across the spectrum is important, commercial development, airports/railway stations, and roads, among others, account for a large portion of the appreciation.
• Amenities: Amenities and facilities provided within a project are equally important when considering a real estate investment. These can differ from one project to the next. Today, most apartment projects include basic amenities such as a power backup, lift, parking, a clubhouse, and a children’s play area. However, if it is an integrated township, the amenities will be far more to those provided by apartment projects. Schools, office spaces, healthcare facilities, retail outlets/shopping complexes, hotels, and entertainment zones are examples of these. These factors also influence the appreciation or resale value of the home.
• Additional Charges: At any given time, it is critical to consider all of the additional costs associated with purchasing a home. This includes, among other things, the cost of registration, stamp duty, GST, maintenance, and bank processing fees.
• Documentation: More importantly, before finalizing the investment, make certain that all legal documentations are in order. From RERA registration and agreements to all approvals, complete transparency is required.

Home is more than just a once-in-a-lifetime investment; it is also a place where you create once-in-a-lifetime memories. So, make an informed decision.
To help with your search for that perfect home, contact us.