5 Quick Steps to Buy the Perfect Flat

Well this is the simplest how to guide for all those Flat seekers. 

Before you hurry out of your door in search for your dream house, you need to make sure you know how much you can afford to spend. Everyone you meet - in this whole process of purchasing a flat, would try to make you spend more than you can afford. If you are not adamant on your budget, you are bound to get swayed by all the sweet talk. So before you go ahead and make a decision; Sit back and think – how much can you really afford? Make two limits – One for the flat that would be perfect and the other limit would be for that house that you can’t resist. 

The second most important thing post budget is to decide the space. You need to figure out how many rooms would be enough, and how m any rooms would be preferred. If you are with a family you would go for a 3-4 BHK, but if you are a single person then 1-2 BHK would suffice. When you see a property just knowing the number of bedrooms is not enough. You need to know, whether or not the house itself is spacious. Sometimes a 3 BHK would seem so clustered up, only because the space of the house is small.  Along with that make sure you have enough bathrooms, preferable one in each room; the Kitchen the sitting area. How many windows – cross ventilation etc? You need to know all this about any flat before you sign the deed. 

Firstly the location gets decided by two factors – whether you are an Investor or an End User.  If you are an end user you would go for localities within your own city/town. It could be your home town or the place you are working and have settled down. Your location would be then affected by various factors like proximity to work, development, possessions date etc.  If you are an Investor then India is your oyster and you could invest anywhere. Then you would choose a location which has a high appreciation rate like Bangalore, Pune and Chennai etc. and purchase a property at an area that is still cheap – but would rise exponentially in the coming years. In Bangalore you have areas like Horamavu, Sarjapur Road, and Kudlu Gate etc. that are coming up with various new projects.  In Pune you have areas like Pimpri, Wakad and Baner etc. These areas that were once agricultural villages have now become prime residential areas. You can get 1-4 BHK apartments in a variety of sizes. These areas are perfect for both investment purposes and for an end user.  Chennai has the upcoming ECR and OCR areas where you get great affordable flats and villas overlooking the sea. Every city has their prime real estate areas, which are extremely promising in terms of growth and value appreciation. 

Once you have selected your location you just log onto Google and go to one of the various property sites and search the builders in those areas.  . For example Horamavu in Bangalore is a suburban area and has huge developments like Kotle Patil Mirabilis by Kolte Patil Developers; these are 2-3 BHK apartments.  Then you have Keerti Chalet, Prestige Gulmohar and many more in the same area. On Sarjapur road you have Bren coming up with various projects. In Pune you have MSR Seasons in Chinchwad and Gera Affinia in Baner etc. 

Lastly before you take that final decision compare the amenities and facilities that are provided by the builder. Knowing the amenities and facilities are a requirement for the end user; while an investor can still forego the facilities, knowing that in time the area would develop.

Buying a house needs a lot of planning and consideration. So if you are ready, take out your pen and paper and start making a list of things that you would want and things you can do without. Happy house hunting!

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