Showing posts with label General Blogging. Show all posts
Showing posts with label General Blogging. Show all posts

Saturday, 19 March 2016

Tips for buying a house in Gurgaon

Tips for buying a house in Gurgaon 

It doesn't matter if you a first time property buyer or you are contemplating buying a second home or a holiday home for your family; buying a property can be an overwhelming experience. There are many factors that you should consider before buying a property like city, location, neighborhood, distance from prominent places, landmarks, and most importantly the budget. Real Estate in India is growing at a phenomenal pace and there are varied options to rent, sell, or buy properties. And all these things stand true for not just residential projects but commercial as well.

Gurgaon, the corporate hub of NCR is one of the most sought after real estate markets in India. With property prices reaching a saturation point in Delhi, Gurgaon seems to be the next best bet for investors and home buyers. If you are looking for a property in Gurgaon, you will be spoiled for choices with so many residential and commercial projects coming up in the city. We are here to simplify this process for you. We have collated some tips and factors that you must be considering when you are evaluating a property in Gurgaon for buying. Have a look:

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Tips for buying a house in Gurgaon

Tips for buying property in Gurgaon:

  • The Purpose of buying: You could be buying property for residential purpose of rental purpose. And the factors that you will consider under both these cases would be entirely different

  1. A property needed for self-use must get a nod by all the family members. Since you have to reside there, you need to take into account factors like the locality, neighborhood area, kind of people residing nearby, distance etc.
  2. While for a property that is bought mainly for rental purpose, you may need to ensure the presence of essential amenities like water and electricity, range of rentals in the area, maintenance and upkeep, etc.

  • Location: It is important to consider the location and the locality. You must have a thorough look at the same as this will also impact the resale value or the rental income of your home. Connectivity of the property to some of the major landmarks and even your workplace/ kids’ school will play a critical role in deciding on the property
  • Resale value:  Property’s resale value is an important factor that may get neglected when you are buying a house. The location or the layout could play a role in deciding the resale value of the house. You don’t want to end up buying a house that has a lower resale value than some of the neighboring properties!
  • Budget: This is the most important and critical factors. This will decide the kind of property you can buy. Gurgaon has various options, ranging from affordable housing to some premium and posh projects. You can select a project and house as per your pocket and affordability.
  • Amenities: It is important to have a clear understanding of the amenities that will be provided to you with the property. With increasing traffic in Gurgaon, you must ensure a reserved parking spot along with your house. Also, amenities like RO water, power backup, sewage & waste disposal, rain water harvesting, etc. are some of the common features you should consider before buying a house in Gurgaon.

Owning a home means a lot more than just that. It brings with itself a sense of pride, freedom, and self-assurance. Considering and following a few mantras will go a long way in ensuring that you enjoy each and every step of this process. 
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