A ROOF OVER YOUR HEAD

Source: Hindustan Times
FINDING A perfect home to stay in is a priority for most of us. However, not everybody is certain about what they want in a home. If we look around us, we'll see some great projects coming up and which satisfy the dream home criteria for most of us. The real estate market in India has been in ascendancy over the last few years, and it has become much easier now to compare various options, and take an informed decision. To find a dream home, however, one needs to be clear on certain aspects like type of property, number of bedrooms, the budget, location and the expected appreciation from the property. Here are some tips that should be kept in mind when looking for a perfect place to stay:
Make the right search: Individuals should evaluate all possible mediums like online real estate portals, newspapers, property agents etc. when short-listing properties. New technology like the Internet has drastically reduced the time that an individual spends in making preliminary enquiries for properties, and this medium should be used extensively Be clear about specifications:
Half of your problem is taken care, if you are clear about the essential specifications like city and locality, type of property, area, budget and the number of bedrooms. If you are clear about what you want, an online search engine can match the criteria
Be aware of prevailing property rates: Before offering a price for the property, you must cross check the rates of similar properties in the area, and the price offered should be based on sales trends. The property rates infor-mation can easily be found through the internet, through newspapers, and through property agents.
Be clear about the home loan requirements: Arranging finance is an important aspect. Individuals need to confirm the prevailing circle rates. This will give them an idea of how much loan the bank can provide, and also how much money the seller expects through this route.
Get property documents verified: Be aware of what is and isn't included in the blueprint be-fore you purchase the property. Usually, property agents are thorough experts and can guide you through the legalities of the property documents. It is there- fore, important to build trust with the property agents you interact with. Explore the area: Once you've nar-rowed down your choice, explore the area, like schools, security, water and electricity problems, access to markets, medical facilities, and other external factors that will af- feet the quality of life in the neigh-bourhood.
Check features: Any special need like power'back up, vaastu, security, lift, dedicated parking etc are some features that are nice to haves, though not essential. Some individuals are partic- - ular about these features, and hence its nice to know if the property being explored has these amenities.
Buying a house is one of the most important purchases in your life. Make sure you select a house that has all these features and make a more informed decision.