Buying a new property is unlike any other investment you will ever have done. The set of responsibilities that come along with owning a home is much higher than other materialistic things. The duration in which you decide to put your hard-earned money into real estate, compromises of multiple tasks layered consecutively which individually need your focus, research, and well-planned decisions.
To benefit the most out of an investment like a real estate property, there are factors that you need to keep in check before you begin your journey of home hunting. The highest priority is given to your financial capacity and the location which you have chosen to live in.
Other such important points are mentioned in detail below:
1. The budget and location:
Mumbai is a big city, and you will find different rates for homes in different regions.
2 BHK flats in Kandivali will be much cheaper than flats in Andheri. This means that you need to fixate on the budget of the property with respect to the location of the property. This should be the priority for you while planning on checking homes. The location benefits bring you better facilities like the social infrastructure, the commute advantages and much more. The more developed the location, the higher the price of the homes.
2. The reputation of the builder:
There are numerous developers in Mumbai who are building better properties every day. Choosing the right developer could be a task. Sarova Kandivali is one of the projects by
SD Corp, a well renowned developer in Mumbai that has the most affordable 3 BHK flats in Kandivali. You will find the trustworthy developers based on their previous works, and the reviews from the people who have an experience with them.
3. Information about the property:
There is usually a difference in the numbers that are used by developers in marketing, compared to the actual numbers. This means that the carpet area would be a different number than the super built area. You should know the difference between the terminologies used and have it clarified before deciding. You must also have an in-depth understanding of what is being offered to you, like the security systems, parking area, guest allowances, other facilities allowances and so on.
4. The resale price:
At the time of buying flats in Kandivali, it is less likely for anyone to think that there is a chance, they would be selling the potential property. However, you must not neglect the possibility. Under any given circumstances, if you ever must sell your property, you must get better returns as compared to the investments you have made. A location like Kandivali is bound to give you higher returns because it in progress of being fully developed.
5. The documentation part:
After everything is finalized and you are ready to make your investments, the most vital part of this journey begins. The documentation work is what ensures your ownership of the house and all the assets related to the property. This gives you the hard evidence you require to claim everything you are paying for. Know the list of documents that are necessary in the process of buying a home. Make sure you agree to the documents only after everything you have asked for is delivered.
In conclusion, when opting to buy a home, you must have a strong source of information along with a thorough study about everything you need to know about real estate. There might be additional costs to buying a home which you should be careful about. Decide after you have cross verified all the necessary information.