[vc_row][vc_column width=”2/3″][vc_column_text]According to a recent survey, “65% of working professionals expect their first home to be their Dream Home”. Another survey says that “more than 85% of professionals buy only one home in their entire life.” These are interesting statistics when considering the current state of India’s real estate market and the mindset of a working professional nowadays.
What’s interesting is that the number of working professionals who are familiar with the process of looking for and buying a home is very low. On average, 7 out of 100 people are confident that they are going to buy their dream home. What’s lacking is not the intent to buy but the knowledge and approach.[/vc_column_text][vc_row_inner][vc_column_inner][vc_column_text]
[/vc_column_text][vc_column_text]
WHAT to look for while buying a house?
The information mentioned below is based on assumptions made about the priorities of a typical working professional. You might fit into a few of these qualities and you might not fit into a few. Use your decision-making skills to pick the course of action that is best suited for you.
Estimated commute
The most obvious part of the house search is the location of the house. As a working professional, work is a very high priority so the travel to work has to be easy and quick. The distance is not the only factor that you need to consider. Besides that, you need to factor in the route and the traffic on them, modes of public transport.
This keeps you in the safe zone in case of emergencies and this research will help you with travel if you end up taking the house.
Plan ahead
Depending on the position you are in right now, you need to pick a home that accommodates your long-term plans. You need to ask yourself questions like if and when you get married and have kids and how many kids do you have. You can’t expect to move to a more accommodating home every time there is a change in the family dynamic.
This is why planning ahead is necessary if you are looking for your dream home.[/vc_column_text][vc_column_text]
[/vc_column_text][vc_column_text]
Neighborhood is key
The neighborhood is also an important factor when you are looking for a home. You can find loads of information about what you need to see INSIDE a home before you buy, but what people often forget to consider is the neighborhood.
What is the resale value in the area and will it increase in the future? Is it a good locality to raise a family? Are there good hospitals and schools nearby. Enquire about things like this before you buy a home.
HOW to buy a home?
The method of placing an offer and the seller accepting the offer is pretty straightforward but that is not everything though. There are several other factors that factor into the question, “how do I buy a home”.
Get a head start
Don’t wait till the last minute to start looking for a home. People wait for years before they go ahead and buy a home. That is why you can’t expect to find your dream home in a few visits. That is the reason you need to start looking for a house early on.
If you have a deadline for moving out of your current home and you are unable to find the perfect home it could be troublesome. You will have to compromise or have to spend extra money for more time. Both of these are unnecessary problems that can be avoided if you start looking for homes, apartments, and villas early on.[/vc_column_text][vc_column_text]
[/vc_column_text][vc_column_text]
Maintain a good credit score
A credit score is the bank’s way of ranking you based on how well you pay your bills, how many other loans you have and how well are you paying the installments for those loans.
As working professionals usually take loans for buying their dream homes, it is crucial that you maintain a good credit score.
This is not an incredibly difficult thing to do as all you need to do is pay all your credit card bills and monthly installments on time.
Save as much as you can
Although it is understandable for working professionals to opt for a loan, it is advisable to have a good percentage of money saved for you to give as a down payment. The higher the down payment from your pocket, the lesser interest you need to pay and the shorter is the duration of the loan.
This might not seem like a huge difference to you now, but if you calculate the amount of money you end up saving because of the higher down payment you are sure to save more.
The listed price is NOT equal to purchase price
Actually buying a house is a completely different ball game compared to looking for it and getting a loan. It is dependent on your necessity and negotiation skills.
Making an appropriate offer can get you as much as 5-10% off the asking price. That said, paying full price gives you an advantage with possession date and finishing negotiations. This is especially true with villas and luxury apartments.
The decision is up to you, but it is advisable to do thorough research before making an offer.[/vc_column_text][vc_column_text]
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]
WHEN to buy a home?
The real estate market is in favor of buyers if they are looking to invest in cities like Hyderabad. It is going to be this way for this year, after which the prices in these areas are going to increase dramatically, just like in Bangalore and Delhi NCR.
In fact, a few buyers are selling away property that was bought 2 or 3 years ago with 0% profit. This is an exciting offer for people looking for residential homes like villas and apartments.
WHERE in Hyderabad to buy a house?
The real estate market for Hyderabad is quite diverse and it could be challenging to find the home that seems perfect to you. 2 great locations to start looking is Tellapur and Narsingi.
Tellapur
Located close to prominent locations like Hitech city, Financial District, and Gachibowli, Tellapur is perfect for working professionals. The area is mostly consistent with luxury high rise villas that are beautiful to look at and lavish to live in.
The area is full of gated communities so the locality is neat, safe and well maintained. The MMTS lane next to it and easily access to ORR are added bonuses to this residential locality.
Narsingi
Narsingi is located close to the Golconda fort. It is recently gaining traction for its luxury villas and its close proximity to Hitech City. It is a great place for working professionals to stay and raise a family as well. It also has great public transport options and is also a safe community to stay in.[/vc_column_text][vc_column_text]
[/vc_column_text][vc_column_text]
WHOM to buy a house from?
Trust is crucial for a relationship to develop and MUPPA is determined to maintain a relationship with all of its customers. To us, it is not about the sale, it is about the experience you have with us.
For proof of MUPPA’S workmanship, you can talk to our previous customers. We are sure that you will not be disappointed. Both for MUPPA’S current projects, Indraprastha and Alankrita offer tremendous luxury and elegance to its owners. Come over and you can see that for yourselves.
WHY buy apartments or villas?
Individual homes are a thing of the past, and that the future is luxury villas and apartments. Keeping this in mind all the prominent real estate developers in Hyderabad are opting to build luxury apartments and villas instead of individual homes.
The amount of space available in villas and luxury apartments is a lot more than an individual house. The security aspect is also better in villas and apartments as well. They are also trendy and in style.[/vc_column_text][vc_column_text]
[/vc_column_text][vc_column_text]
WHY buy apartments or villas in a gated community?
A gated community is how builders hope to increase the standard of living for all of its residents. With amenities like community exclusive swimming pools, clubhouses, parks, and sports areas, they are bound to attract attention.
Besides these luxuries, the security is improved due to visitor check-in and check-out and the privacy is improved by regular patrols by the security staff. Community meetings are also regularly held to improve the issues in the neighborhood.
This not just improves the standard of living but also creates a sense of belonging to a community. That is the most attractive part of living in a gated community.
Conclusion
The facts are in front of you and they are quite clear. Now it is your decision depending on your lifestyle and your plan for the future. Try to keep these factors in mind and you will be more prepared while looking for and buying a house.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text el_class=”post-contact-form”][fc id=’2′ align=’center’][/fc][/vc_column_text][/vc_column][/vc_row]