Owning a home is something everyone has dreamt of at some point in their lives. At the very outset, the purchase of a house or flat requires money. People compromise on a lot of things to have the money to invest in a home. Therefore, there are five things that one needs to be mindful of before buying a house this year:
1) The Builder
The builder or real estate developer or construction company is the most important part of the entire process of buying a flat. They are is the ones who really build the buyer’s dream residential destination. Therefore, a lot of research work needs to be done before reaching any conclusion. Therefore, it is always advisable to go for a reputed builder who has a proven track record.
2) RERA registration
Before sealing the house deal, it is important to check whether the builder is registered at RERA (Real Estate Regulatory Authority). This is the first and the most primary kind of filter to select a professional builder for one’s dream house. If the builder is not RERA registered, it is best to avoid making any move, else there may be trouble in the future.
3) Bathrooms, study rooms, open area and other requirements
It is best to always think of the future and consider the bathrooms, study room, open and wet areas along with other important requirements before buying a house which is mostly an investment of a lifetime. It is smart to keep in mind the possible future requirements of the family. Those who get frequent visits from in-laws, relatives and other family friends will do well to push their budget a little to buy a slightly bigger house. This will save much inconvenience in the future.
It is practical to go for a locality where transport, schools, medical shops, grocery stores are nearby. This will not only make daily life much easier and hassle-free but also save time to focus on other important activities like health, family and career.
5) Delivery and possession
The house one finalises and pays money for becomes one’s own only in the true sense when one actually moves into it. So, ‘possession’ always matters the most! To ensure this, one must check what a particular builder has delivered in the past. In case, one manages to get a good deal on a ready-to-move-in house, one must grab it since it is considered as of the finest deals especially in terms of saving money. That is because as soon as one moves into a new house, one starts saving money spent earlier on rent. Possession date is something all homebuyers should be very careful about.