It is believed that a home is made of
love and dreams, and finding a perfect home is
not a piece of cake. Let’s admit, the things that we consider while looking at a
regular real estate purchase is quite different from the one when we hunt for
our dream home. When it comes to buying a
house for ourselves, we are picky and would settle on nothing but the best.
GharondaBuilders and Developers lists the top three factors that
you must consider before buying your dream home, be it a sprawling suburban
house or a modernized urban loft.
Cost
The first and foremost factor to be considered before making an investment is the cost consideration. Your dream house is supposed to be an
escape for you than being a worry. Make sure that you do not stretch your
pocket to its farthest reach. It is not just about clearing the down payment initially,
but also other consistent payments like the monthly mortgage, association fees,
local taxes and other utility costs. Once you decide upon the location, do a
detailed comparative analysis between the purchasing price of the property,
your nature of employment, your source of regular income and your monthly
expenses. Also leave a little breather in your overall budget if you are
expecting retirement or a layoff anytime soon.
Location
Decide whether you crave
for a secluded setting, away from the hustle-bustle,or prefer a location right
in the center of the city with coffee shops and shopping centers right
next-door. Make sure that you consider the distance between your workplace and
your children’s school/college before finalizing the purchase. Buying a house
that’s located remotely will involve a lot of traveling and related expenses every
day. Also, do not forget that your family’s safety is extremely crucial. Always
go for a house that is in close proximity to public utilities such as fire
stations, police stations, hospitals and emergency health centers.
Style
Redesigning the floor map requires ample
amount of time, patience and finances. Therefore, it is suggested that you find
a property that already has a layout of your choice. You could go for a traditional
layout if the members of your family prefer being in their own private spaces. You
might like an open-concept plan if you have guests coming over frequently. Also,
consider everything, right from the size of bedrooms and number of storage
areas to the look of the garden, and the view. In addition, figure out how much
space you and your family members actually need. Buying a house that is too big
for your family could bring in financial crunch, while a house that is smaller
for a large family will involve a constant struggle of space.
Nothing is impossible. The right research, considering the discussed parameters will help you find a property that
will be a perfect fit.
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