Ask these questions before buying an apartment!

Buying an apartment is probably one of your life’s biggest decisions. You do not want to invest all your life savings on something you’re not one hundred percent sure about. You want value for money and the utmost satisfaction derived from it. Buying an apartment, a house of your own where you will live, grow and associate yourself with for probably a very long time is both- a huge step in terms of monetary aspects, as well as an emotional brick to the foundation of your being.

So in all, before taking that step, you should be clear about what you want out of it and what needs do you want it to satisfy. You might as well want to ask yourself certain questions while you’re looking for a house. It is always better to be prepared with those questions beforehand. So here are some of them that you might need to consider on your voyage for a new home:

1. What’s the carpet area?

Many proprietors or builders might endorse the area of the floor on which the entire infrastructure is built around. However, what people usually forget to consider is that the thickness of the walls, doors, cupboards (if any), etc. takes up a lot of that endorsed area. Hence it is important to know the carpet area as that will provide an actual idea of the usable portion. This is usually 20-30 percent lesser than the digits you might have been promised, but as long as you’re satisfied with the given-up space and are ready to make concessions, it shouldn’t be that big of an issue.

2. Is it value for money?

 

You’re about to put a lot of your money into a venture that will wing your future. It is very important to do your research. Look around for all the available options that you can. For instance, if you’re looking for a flat in Gurgaon, base your research around new affordable housing in Gurugram or affordable flats in Gurgaon. You might want to cover all aspects and not limit yourself to just one direction. See if the benefits that you’re getting from one particular offer are enough as compared to the other ones in the locality.

 

3. Is the locality suitable/safe FOR YOU?

 

This, you have to decide! You are the best judge of that. What other people might find enough or suitable, you may not. For instance, if you’re someone who has kids you might want to look for a place with good schools, parks, safer roads, etc. If you have old parents, you might want to consider a quieter locality that is more residential-centric than commercial. You know your needs the best so jot them down beforehand. You may not find everything in one place, but it’s only natural. Consider the one that has the most!

 

4. What is the age of the property?

 

A property can be old and sturdy, as well as new and deplorable. And well, vice versa. So you need to do background research about the history and positioning of the property in the market. You need to dig down and do some groundwork yourself, independent of the information that you’re fed. Know what you’re looking for. Some people prefer traditional settings, while others have a more modern approach and look for a far more fancy and progressive style than others. This will help you in looking for exactly what you want. For instance, if you’re looking for new affordable housing in Huda city you can look for new affordable flats in gurgaon and projects in Gurgaon and Delhi as well. 

 

5. Is it future-proof?

 

If you’re buying a house, chances are you’re about to spend a good number of years either staying in it or possessing it even. You need to look ahead and see if you truly see yourself living in it in the foreseeable future or not. You need to see if it goes parallel to your plans as well. For example, if you have plans of buying a car or owning multiple vehicles, you have to see if you have safe parking that fulfills your needs. Your plans need to coincide with the housing.

 

6. What are amenities?

 

Assess maintenance and the benefits that you are supposed to get before you seal the deal. Be it gym facilities, membership of the club, access to the pool, and other security subsidies like intercom and security cameras. A lot of housing facilities also include 4-5 years of free maintenance. So see where you can get the optimal utilization of your investment.

There is eventually no rule book that you have to follow. It is your house and your dreams will be built on it. So just look for a place that allows you to dream and doesn’t limit your potential. 

After all, a home is built by you and not the fancy cupboard or flooring that it may have.