Factors affecting home Buying Process

Real Estate or Home Buying is one of the most important milestones for every individuals' life. At HomeCapital, we believe Home is the real capital of people and grows across generations. Buying your first home early has a compounding wealth effect on individuals, happier lives and increased social security for home buyers. Generally we directly jump into searching for a home without considering the important factors Like family size locality Developer let's have a look at how these factors can affect your home buying decision.

Family Size This is the most important factor to consider before buying home. The factors to consider here are the number of people going to stay in the house, number and age of children if some of the members are going to move out or move in the near future. You should shortlist a house which suits the current and future requirements of your family. Locality The location of your house has a direct impact on the quality of life, you and your family enjoy. To begin with, the locality should have all the basic facilities such as connectivity public transport, power supply, water supply and sewerage. The place should be clean and should have ample greenery around. The locality should enjoy proximity to hospitals, schools & parks. Proximity to railway stations, airports, entertainment hubs and malls would be added advantage.

Properties within and close to central business districts (CBDs), SEZs and other strategic projects enjoy a high price premium and high rate of appreciation over the period of time. Stage of Construction.

You can buy a new house at any of the following stages: • Launch: All the approvals are in place and the construction is yet to start. • Under Construction: The construction of the project has started and is likely to be competing in given timelines. • Ready-to-move: Where the possession certificate has been granted by civic authorities. Developer In order to get timely and accurate delivery of the projects, it is necessary that you should select the builder carefully. You give your life’s saving to the builders to build home for you so it necessary that you should select a builder having strong financial and project execution capabilities. The builder should have an impeccable record of project delivery, honesty & customer satisfaction.

Hope assessing these factors will help you while buying your first home.