BUYING A PROPERTY- A NECESSITY

INTRODUCTION: 

We all have been given home or a roof above us from our childhood. Ever have we wondered how it came? or Ever have we thought when will we also own a house of our own for our family? To answer this, the roof above us was provided by our parents. But in our life, there comes a time when we become adults and a person with responsibilities. That time we realize we need a house of our own in our own design. In order to buy a house, we need to be ready to understand the need? It is important to consider the intent of buying a house. Ask yourself why you want that house? What really is the motivating aspect when it comes to your decision to buy that house? Do you want to buy it because you want to live in it with your family or do you look for an extra income that the house will bring in the form of rent? Or, are you simply buying it for a long-term value advantage? The more you know about why you should buy a home, the more well-defined your search will be, and the better you will be able to select one that meets your needs. 


SELECTION

    Once we decide we are to buy a property, the next aspect we think should be in what form we should buy as in whether as residential plot, apartments, single floors, independent houses, and multi-story flats. 

  1. Plot Vs Multi-storey: In India, plots are much in the call. Most small cities are witnessing more demand for plots than for apartments. Multi-story apartments are becoming usual in urban areas where the cost of land and the convenience and security that apartments offer have pushed demand from the younger generation. As family sizes become smaller, many are selling large plotted developments in established city areas for smaller more compact apartments with centrally managed amenities, normally in gated communities in the outskirts.

  2. Independent plot or apartment within a gated community: Gated Community is a form of a residential complex, sometimes characterized by high walls and fences. It possesses controlled entrances, surveillance of those entering the premises, clean surroundings, and amenities. These communities offer privilege from the hassles of everyday problems, ranging from water cuts and pebble-strewn streets to living with the miasma of unpicked garbage cans. An apartment in a gated community by a reputed developer is normally a safe bet. An independent house, on the other hand, is normally customized to the buyer’s requirements. The advantage of having an independent house is that it provides ample open space and clutter-free living. 

  3. Single-floor Unit Vs Multi-storey Apartments: A single-floor apartment is one where the builder buys a piece of land, often old plots that are up for reengineering, constructs flats on each floor, and sells them as independent units within the same building. The land belongs proportionately to all the buyers of single floors. Since there are smaller numbers of units than in a multistorey apartment, these lack economies of scale and so have fewer common facilities such as maintenance and back-ups compared to larger multi-story apartments. But these are newer apartment units in downtown or preferred areas and come at a price lower than multi-story units. A multi-story remains the most preferred housing unit in urban cities. It is a cluster of apartments in a high-rise building developed in a plot with all amenities available within a gated community. These units can be aggregated and constructed by developers or in the cooperative mode as Cooperative Group Housing Societies (CGHS). These need good common facilities management to take care of aggregating services and providing them to individual units for an allowance. This allowance is levied as monthly maintenance charges. They cover water and power supply, including back-ups, lift, and common area maintenance, and landscaping. Many developments also provide plumbing and electrical services for an allowance.

Once we decide on the type of property we are going to buy, next comes the area or location where it has to be bought. We have to decide the location based on the basic amenities in and around the place.  We have to decide where we have to buy the property whether in urban areas or small towns. Based on the location, we should be ready to afford the property. In some cases, we can decide the type of property and the location based on our funds available with us.




SAFE AND SOUND APPROACH TO BUY A PROPERTY: 

  Investing in projects which are at least 25-30 percent complete will be comfortable in terms of compliance. Bank-approved projects are preferred since they give reassurance in terms of compliance. Property buying as an investment must be looked at in terms of long-term holding capacity. A newly launched project by a reputed builder in a good location can also be considered. There is a lower risk in this property. Infrastructure development has to keep pace with the splashy townships being planned in most cities. If water supply, electricity, safety or security, law and order, road infrastructure, etc are progressive, we can only expect prizing in the land value. The connectivity of the property with the city and other locations plays a dominant role in boosting the resale value. A buyer should ensure that the property is located in an ideal area with good connectivity to the bus station, railway station, airport, supermarket, and hospitals, etc.

 
WAY TO BUY A PROPERTY- AGENTS/DEALERS: 

When we select what property, where we are going to buy the next step of how to buy arises. The solution to this comes with a simple answer which is approaching a dealer or agent who will help us with our property selection.  We must choose our dealer wisely. One such dealer who can help with this selection is FaidePro. 

WHY FaidePro?

FaidePro acts as a platform for Real Estate services by helping the customers with their Buy a property service. FaidePro provides executives who can regale to their needs better than anyone can ever imagine. Hiring an executive may seem like a waste of money at first but later down the line, its importance is realized. Having an executive at the reach reduces the chances of getting into the negligence of the industry and saves from a lot of misfortunes that may show themselves in the process. The executives are experienced and educated in this area and will provide the best deals according to the prerequisites. They know the things inside out and will be a benefit. They provide exceptional service in this area.

Here are several advantages gave by FaidePro:

  1. The first choice of inventory: Pre-booking the choice of property is available.

  2. Fraudulent protection: Forged documents can be handled and identified by the executives and the buyers can be saved from it.

  3. Best deals: Best deals and value for money are given.

HOW TO CONTACT FaidePro?

  1. To book the professionals, the customers will be brought to the page where they can tell us the services they need and move forward with a booking.

  2. Customers will be required to provide their name, place, etc.

  3. They need to let them know if they have any specific requirements, they will respect their opinions and will make sure to fulfill them.

FaidePro takes pride in providing quality services and winning the customer’s heart.

 

 

 

 

 

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