Having your own home is a dream for many. But buying any property, flat, or land is a challenging task. And when it comes to buying a flat in Bangalore, it might look like a scary ride.
People choose Bangalore not only because it’s an IT hub but also because it has many opportunities in every sector. Its weather makes it a very welcoming place, and the culture grows over you.
Budget: - You have to calculate your expenses, emergency funds, and any other commitment in terms of money. Calculate how much is left after all your expenditures, as you will be paying EMI from that. There are properties to fit everybody’s pocket as long as you are clear about your needs and money.
Location and connectivity: - People already living in Bangalore know how bad the traffic is in Bangalore. Choose a location that is near your workplace and has good hospitals nearby. That has good schools nearby as children's time is equally important. The place should be well connected, in terms of the metro and good roads and bridges to make your transport easy.
Documents: - It is vital to check all the documents before buying an apartment in Bangalore or anywhere. We must check that the papers provided by the seller, whether from the builder or it's a resale property, are complete. Always look for flats that have clear titles. The Sale deed, Gift deed, Commencement certificate if it’s under construction, Encumbrance certificate, and Khata should be clear.
The property layout should be approved by the Bangalore Development Authority, the Bangalore Metropolitan Region Development Authority, or the Bangalore International Airport Area Planning Authority. Always involve a lawyer to verify papers before buying. It will ensure that there are no legal problems, and if you plan to sell it in the future, you face no difficulties.
Water and Electricity: - Bangalore has water problems, and many apartments get tankers to meet their needs. Find out whether the apartment you are buying has a good water supply. With work-from-home culture becoming popular, see to it that the place has proper power backup to facilitate smooth work. Also, check the water quality as one wants to avoid playing with their and their family's health.
Amenities: - Before you buy an apartment in Bangalore, it's important to check this. Make sure that the apartment has all of the things you want. They should have a kid's play area, swimming pool, garden, and proper walkway. Is it constructed keeping the safety of kids and old age people? Other facilities like a party hall and gym make life easy. Always go for what you need and whether the builder has provided all the amenities mentioned in the plan.
Research the locality and People living there: - Always interact with the people staying in the apartment. It will show you what kind of people live there. You will also know about the maintenance of the property and understand the life of the people living there. See whether it is in tune with your expectations or not.
Resale value: - You may shift to a different locality due to a change in the workplace, or to a new city, or the needs have changed, or the family needs more space. Whatever the reason is, the apartment you are planning to buy should be in such a location to get good rental income or have good resale value.
Buying a house is always an important decision in life. It involves ones hard earned money. One has to be prepared and informed while making such decisions. With the above points in mind, you can find your dream flat and place to call your home.
Prestige Lavender Fields is a prelaunch apartment by Prestige Group.
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