Location
is the most important aspect before the selection of a property. There should
not be a slum area nearby, a place of worship attached to the property or a
drainage line close by.The purpose of buying a property determines the
Location.It may be for self-occupation as a house or for investment purpose.
In
case of house/flat for own occupation, a residential locality not far away
from the heart of the city is preferable.Always select approved layouts by
appropriate authorities that enable an individual to get all the facilities
within the layout.
While
selecting a vendor/promoter, you need to look into his track record. Similarly
you have to select a reliable real estate dealer to locate a suitable area for
the property.If anyone offers property at a cheaper rate as against the
prevailing market rate, then it is advisable, since it may come with certain
hidden problems, which are difficult to trace.
The
area should have well developed roads, good drainage and the civic staff should
do the garbage clearance regularly.The Low-lying areas should be avoided as
they get inundated during monsoons.
The
proximity and accessibility to work place, schools, market place, hospitals,
railway, bus station and recreational centers is important.The locality should
have adequate banking facility. Frequency of public conveyance, other modes of
transport, availability of public telephone booths etc., have to be looked
into.A location that is not far away from the modern facilities and
infrastructure and yet far enough to avoid the pollution of the city, is
preferable.Prefer an area inhabited by decent, educated and cultured people of
cosmopolitan outlook.Ensure that the area is not home to anti-social elements.
There
should not be any factory or workshop especially the ones which work in night
shifts, in the immediate neighborhood.This results in noise pollution and
sleepless nights apart from affecting the quality of the power supply.The area
should have regular supply of potable water, power supply and good ground water
table for bore well.
Facilities
like public park/garden for walks are worth considering.The location of a
temple, mosque or church and religious institutions that arrange regular
discourses in this age of stress and strain, is a welcome factor. Apart from
the above, the size of the plot to suit your budget and the permitted FAR
(Floor Area Ratio) is important.Vaastu is of individual preference.
If
the purchase is for investment purpose, the chance of resale is the important
factor.A developing area is preferable to a developed saturated area. The investment
in developing area is comparatively low and value appreciation will be more.
Non-availability
of parking space and traffic restrictions has an adverse effect on the value of the property. Accessibility to the railway / bus stations, airport, star hotels
and availability of infrastructure facilities play a important role.
More,
No comments:
Post a Comment