|
|
| Starting
Out (RESIDENTIAL PROPERTY) |
 |
| Identify
the Need. |
| You should buy
a home for yourself and family. This
is an asset that appreciates and is
one of the most important needs for
mankind. The need could be relocation
due to job or because you have got a
new member in family or simply because
you need a change. Whatever the reason,
make sure you have done your homework
before starting your home-hunting. |
|
| Defining
Search Parameters |
This is a tricky
issue and varies depending upon many
parameters.
Few Parameters could be :- |
- Proximity to Job location
- Kids school
- Choice for city center or peaceful-green
area
- Cost
- Proximity to railway station /
airport (if you are frequent traveler)
- Nearness to shopping center
|
| These are few parameters
that are of importance for any home
search. There are also market upswings
that should be kept in mind while searching. |
| Talk to our Property
Managers and they would help you to
get a deal that would make you happy
!! |
|
| Do
the Search |
Buying home requires
patience, knowledge and the inputs from
the people from the same domain. You
need proper guidance & fresh market
information to make a right decision.
A new commercial project launch in vicinity
can raise the price of the property
and a proposed road cancellation could
lower the price and the appeal of the
area. This information is vital for
a knowledgeable decision. Keep your
eyes & ears open for these faint
pointers. |
|
| Work
out the Finances |
- First find out your loan eligibility.
- How much of your saving can you
put down as Downpayment.
- Total cost including stamp duty,
legal charges etc
- Extra expenses like renovation/interiors.
|
| Proper workout
of finances gives a clear picture of
your budget and helps you to concentrate
on the properties that you can buy.
It makes the search to be more effective
and save a lot of time. Moreover, it’s
very painful to search a property and
later find out that the budget doesn’t
allow you to buy that property. |
|
| How
to Buy Residential Home and Land |
| Tips to help you
find and buy the perfect residential
lot or land. Use these tips to find
a great location for your new home.
|
|
| Here's
How: |
- First, check
the legal papers or any pending
litigation even before you make
your first move. You can do that
by involving a reputed Lawyer or
LHS for this task.
- Second, most
important thing is the Real Worth
of the property. Be prepared to
put in efforts to find out the Real
Worth of the property. You may do
this by asking LHS to evaluate the
property on your behalf. You may
be surprised to find out the difference
in Asking Price and Real worth.
- Check out for
Basic necessities like sewage line,
drinking water, electricity, phone
line etc.
- In case you
require your own underground water
pump, make sure the water level
is available at considerable depth.
- Make sure
you have approach road or at least
one in development plan.
- Check with
local development authority if zoning
changes are anticipated for the
area, or if there's a plan to build
new roads or widen existing roads.
- Check for the
neighborhood & environmental
issues.
- Make
sure that the area has future growth
prospects.
|
|
| Top |
