2018 - The right year to buy a home
It’s 2018! Are you still looking for your dream home?
As a first time buyer, the search of a new home may seem more like a quest. While observing the real estate landscape in the past year, you may have witnessed how eventful 2017 has been for the realty sector. With the government reforms like RERA (Real Estate Regulatory Act), GST and demonetisation, the industry is in the process of getting consolidated. This transition is boosting transparency, better commitments and a plethora of options for the customer.
In short, with the new year comes new opportunities to make your dream, of owning a home, A Reality!
Here are a few tips on how to find your way to your dream home.
Making sense of home ownership
For home ownership to make sense financially, one has to be prepared to live in the home for five years or more. A longer time frame of residency will give you the time to build enough equity to upgrade in the future.
A booming location
With location being the key when shortlisting properties, go for a location where there is an infrastructure upgrade happening. For example the kind of location, like Thane’s Ghodbunder Road, would best suit all pre-requisites. It can not only ensure that travel to work is smoother but also offer several options when it comes to entertainment, education, health-care & fitness facilities, greenery and so on.
Property prices will most likely remain stable in the coming few months. This, along with several attractive schemes, can help you get one step closer to your dream home. When shortlisting the right project in the right location keep a keen lookout for the right price too. In order to make the right investment, when shopping for a home, it is important to understand how homes are priced . Check out comparable properties, appreciation history of the area and the future potential of the locality before you come to a decision. Take advantage of any payment schemes or offers available.
Go for a good brand
Always go for a good brand as they have built the perception of quality, consistency and trust over time. As a customer you need comfort and satisfaction in any purchase you make. This can be assured by a good brand with an excellent track record. A brand also lowers risks and assures the safety of your investment. A house made by a good brand will add value when you are thinking of selling in the future.
With the many options and schemes available, you may find the experience of finalizing your new home daunting. But having a systematic approach will not only ensure a good home but also a great home buying experience.