Tuesday, 20 December 2016

4 things to know before buying a property in an area you don’t live in!

Are you planning to buy a new home? Or upgrading your existing home? If yes, make sure to list your priorities right to get the most out of your investment. While buying a home, personal preferences play a vital role, knowing about the real estate market in a locality of your interest will be an additional plus point. Thus, here are four vital things that you should definitely check before searching a property for sale in Bangalore in an area you don’t live in!

·         Social and Physical Infrastructure

Infrastructure of a locality makes a huge difference in a person’s lifestyle. Thus, make sure that requisite amenities such as grocery stores, banks, hospitals, schools, park, and shopping centres are in the vicinity. You should also check on the avenues for physical infrastructure such as provisions for garbage disposal, roads, water and power supply, etc.

·         Daily Commute Time

Before finalising a locality, make sure to calculate the distance you will have to travel on a daily basis. Knowing the traffic conditions today, it is always advisable to estimate how much time will it take for you to reach your office or how long will your kids be on the roads to reach school.  Also, see accessibility to public transportation such as nearest bus stop or metro station.

·         Know your Neighbours!

This is another important aspect that should not be ignored. See if the profile of the neighbours matches with your lifestyle. You definitely do not want your kids to grow up in an environment completely different from your way of living.

·         Are there any upcoming infrastructure projects?

Whether you are buying an apartment for self-use or for investment purpose, knowing about the upcoming infrastructure projects in the vicinity is always a good idea. An upcoming metro station or a flyover can significantly enhance the value of your home.

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