Things to consider before buying a New Home

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Ready to buy a home? Buying a home is one of the most vital financial decisions you’ll make in your lifetime. Making the choice to buy a home to call your own is indeed a major decision. Your home is one of the biggest investments of your life, it’s also a one-time experience for most of the people.

Whether you are a first-time home buyer or an expert in the world of homeownership, there are plenty of unexpected things we must consider before making the final choice.

Bank Loan

Most of the people may not have the complete payment amount at the time of buying a property. Taking a home loan for buying a property is a common thing observed nowadays. But, the interest rate and the monthly installments to be paid every month must be considered firmly before making the final decision. Before fixing the apartment or villa, you must be sure about the budget you have or the amount of loan you are going to take for owning the particular home. Go for shopping the flats and villas that fits your budget.

Bankers have a wide range of competitively priced loan programs and a reputation for exceptional customer service. Having one of the experienced, responsive mortgage bankers assist can make the process much easier.

You must visit various banks before choosing the home and must be aware of the interest rate of different banks and also need to know how much loan you are eligible for as this will help you in choosing the home that fits your budget.

Know your Budget

Not just owning the apartment or a villa is the idea. You must be aware of the other expenses after owning an apartment or a villa from a top builder. other expenses like property taxes, utility bills, maintenance charges, homeowner association dues, etc. that also chip in, you need a comprehensive idea of how much you will need each month. All these budgets and expenses must be taken care before buying the flats.

Home buyers should keep a proper backup plan to meet these extra costs and calculate exact price of the home you’re planning to buy. Lenders generally recommend that people look for homes that cost no more than three to five times their annual household income.

Location

The location of the home is a vital factor. The location and your neighborhood are of prime importance. Location is the key component which influences the resale and appreciation of the property. A good location with a friendly neighborhood, good connectivity and proximity to top leading social infrastructures will avoid all the bothers about your family and will offer a happy living experience. Visit the location many times and study the neighborhood and make sure that you are safe and not far away from major social infrastructures and facilities.

Although you may have a recognized usefulness of an area, still you may need to visit it yourself to find out for sure. And remember, people have very individual ideas of what constitutes a ‘good area’.  Also, check the connectivity and accessibility offered by the location to major landmarks in the town. Check the proximity enjoyed by the project to major social infrastructures like schools, colleges, hospital, shopping centers etc. This township project also relishes close proximity to leading social infrastructures such as educational institutions, shopping centers, retail establishments, hospitals etc.

If you live close to that area, great! You can walk to work or take a bike to work, which means your commuting costs are practically zero. A good location with the friendly neighborhood, good connectivity and proximity to top leading social infrastructures will avoid all the bothers about your family and will offer a happy living experience.

A little distance from your workplace is even good. You can probably take the bus to work or the subway. You’ll have to pay some mass transit fees, but it’s still pretty cheap in the big scheme of things.

There are large loses of choosing a bad location for your home. You daily and the total monthly expense will go very high.

Neighborhood

The neighborhood is also the main concern while choosing the apartment or an independent home. If the surroundings are good, you can have a tranquil living. The bad neighbors and the locality will affect our living. Get to know all of the people in your neighborhood–at least within several houses of your own. Crosscheck the safety facilities offered by the location and the condition of the neighborhood before making the final decision.

Having a good neighbor has large benefits.  A neighbor is a person who can lend a helping hand in a pinch. You can borrow things from them when needed. They can keep an eye on your house when you’re traveling. They can be a friendly face and a conversation partner at home and can even become a close friend. So be keen about your neighbors and also the neighborhood and surroundings before choosing a home.

Builder

In this growing world, there are large builders and flats and apartments coming up. So it is very important to know about the builders before finalizing the buy. The best builders in the city of your choice can be the suitable option. It’s essential that you go with a reliable branded builder who would think twice before sullying their reputation by providing sub-standard homes.

Ensure that the project has legal approvals and the builder is not facing any legal issues. Trusting a well-known or the best builder can be a proper option. Talk with the pre-occupied customers, read reviews about the builder on social media and other channels. Calicut Landmark Builders, one of the leading builders in Calicut is the rightful master behind this stunning architectural wonder. Experience over a decade and unparalleled trust among the customers, Calicut Landmark remains as one of the most trusted builders in Kerala.

Amenities

You must be very keen about the amenities and the facilities you need, before going to buy a new home. Categorize the apartments or the builders who meet your needs and check thoroughly whether the amenities and the facilities mentioned by them are provided in the new home. The brochure must not always be the final thing on knowing about the amenities, you also need to check whether all the things mentioned in the shiny brochure actually exist on the ground. Are the amenities and designing suitable for you as you age, that’s in case you are planning to live in this home for the rest of your lifetime.

Also, witness the marvelous spectacle unfold right in front of your eyes at Landmark Village – ropeway connecting Adivaram in Calicut district with Vythiri in Wayanad district through the beautiful Wayanad ghats.

Your kids must not grow in a closed atmosphere. Make sure that there are enough facilities and freedom for your kids to enjoy their leisure times in their home. The play areas, swimming pools, parking areas etc. are the main factors considered in the amenities.

Investment

A home can be one of the biggest investment one can have. Before going for the final decision of buying a home, you should really do a cost-benefit analysis. Think about how much money you plan to put into this home. Compare the price with the amount which you will get when you sell this home. This is even a crucial factor while opting for the home. Invest in properties having an innovative design and modern architecture. It’s always a good idea to invest in the upcoming localities to earn financial benefits when you sell it.

If you a looking for a home for your whole lifetime, make use of any amount for its renovation. If the case is different, you are looking for a short stay or are looking to migrate to a new place after long years, don’t invest in the renovation of the home. You will face a major loss while selling the home. Return on investment is not usually instantaneous; it takes time for a home’s value to increase. The best location and the easy accessibility or the layout of the building can be a major attraction when selling the flat or apartment.

Quality of Construction

Check and ensure the quality of the home. Take the help of an expert for the right opinion on the foundation and also check for that there is any leaking or cracks, the serious problems faced by most of the home buyers in the future. Make sure that the home has all the amenities and facilities as mentioned by the builder.

If this is to be your forever home or at least a home you plan to stay in for many years, you need to consider your growing needs over time and assess whether or not this home will meet those needs. If this is to be your forever home or at least a home you plan to stay in for many years, you need to consider your growing needs over time and assess whether or not this home will meet those needs.

You must ensure the number of rooms required in your home. If you are planning for kids, you must find the rooms and needs of them previously before buying a new home. Equipped with cutting-edge security facilities and services with CCTV surveillance, Landmark Village is completely loaded to offer extreme safety to residents.

Are there enough spaces for your guests to stay in with you? These things must be considered. There are many flats and villas providing a guest room separately for the guests in their apartment. People can also go for choosing such flats according to the need.

The beautifully designed exteriors and interiors coupled with ample amenities and leisure activities give you a perfect choice to enjoy and relax. Spread over 20 acres of lush green landscape, Landmark Village is not just adding values your lifestyle but additionally providing all the facilities to your loved ones.  Kids can enjoy their childhood at its best within the precisely designed Eco-friendly environment.

It’s always wiser to invest in a home in a location that’s going to go up in value. It can be hard to settle all your hard-earned money into a home. Take as much time as you need to find the right home. Then work with your real estate agent to negotiate a fair offer based on the value of comparable homes in the same neighborhood. However, investment in a home can be a wonderful asset. You need to consider all your future needs, even into your retirement years.

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