Home shopping is not something that you should be doing in a hurry. Since it is a major investment, you need to give it good time without letting a middleman or third party pressurize you into making a decision. Once you are on the lookout of a house, you will find that the market has a lot to offer in this respect. However, when you are down to purchasing a particular property, you need to ensure that it is the most suitable one to your requirements and preferences.
One popular myth about buying villas for sale in Mohali, Delhi or any other city in India for that matter, is that they are more expensive compared to luxury apartments. This however is not true. Many investors are also of the opinion that villas actually make for safer investments since the life span of villas is longer. In other words, their structures are stronger, hence safer against damage due to manmade or natural causes.
There are various advantages of investing in villas. For instance, when you purchase a villa or an independent house in Mohali or any other city, you tend to gain privacy as you have more personal space to yourself. Just like in any other real estate investment, you need to carefully research and investigate before buying a villa to make a successful purchase.
Get a clear idea – When planning to buy a villa, you first need to get a good idea of the expense you will have to make. Such a purchase does not just include the cost of the property; you will also have to factor in the registration fee, stamp duty, home owners association fee, insurance, maintenance fee and so on to get to the total cost. So, to avoid any unwanted surprises, ask away all the questions that you have and get your doubts cleared.
Buy within your pre-approved loan budget – If you are depending on a home loan for financing, it is better that you stick to the budget at hand. The property that you are considering should not only fall within your pre-approved loan budget; you should but also have enough money left at hand after the purchase to meet all the requirements of your normal lifestyle.
Location and neighborhood – Considering the location of the property is very important with regards to purchasing a villa. In order to maximize comfort and convenience, you need to ensure that the property you are purchasing is well connected to other parts of the city and has access to significant social infrastructure such as banks, shopping areas, hospitals, schools, bus stops and so on. In addition to this, the neighbourhood you decide to settle in must also be safe.
Research about the builder’s background – When making such a big investment, it is always smart to look into the background of the property developer. Go through their website and social media and check out their past projects and clients. You can even visit one of their on-going projects to get a better idea.
Besides the above, always vet the legalities beforehand while investing in a villa. If needed, rope in a professional for the same to be absolutely sure.