27 Nov 2018
With lucrative investment options on the rise for homeowners in India, the time is perfect for buying 3, 4 BHK in Borivali West or other high-growth areas in Mumbai.
But, how do you pick the right home for your family; one that is comfortable as well as promises capital growth?
Well, in addition to luck, you need to make some smart choices to buy a property that is family-friendly and will give you great returns in the future.
Read on to find the checklist for buying luxury apartments in Borivali West known for green vistas and spacious homes:
Don’t Compromise on Research
When you plan to buy a house, it is great to rely on your real estate agent’s advice but not without doing your own homework. Yes, it is very important to research the locality where you are planning to buy a residential property to ensure that your prospective home, as well as neighbourhood, is suitable for your family and lifestyle.
Whether you intend to buy a house for yourself or as an investment, asking the following questions will help:
· Is the locality well-connected to public transportation and highways?
· How is the public infrastructure? Are there good schools, parks, day care centres, shopping malls, etc. in the vicinity? While it may seem trivial, these facilities are not only important to live a comfortable life but also quite attractive to prospective tenants.
· Is the neighbourhood quite or noisy? What is the crime rate in the area? Some people suggest that is best to look around the area at different times of the day to determine how safe you feel in the neighbourhood before buying a home there.
· Is the size and floorplan of the house suitable for your family? How is the construction quality? Is there enough natural light in the house?
It is also recommended to get professional pest and building inspections done to determine any flaws in the property that might not be apparent but could be a sore point in the future.
Get the Right Home Loan
In addition to choosing the right home, it is crucial to pick a home loan that offers features which are aligned with your financial goals. For example, as an investor, you might prefer to avail an interest-only loan to maintain your cash flow. However, if you are buying 3, 4 BHK in Borivali West for yourself, it is usually best to opt for a traditional principal and interest loan wherein you pay a part of the principal along with the interest each month. Which type of home loan and features are best for you? In case you are confused, it is best to consult a financial broker to take an informed decision.
Buying a house is an exciting time in your life, and you can ensure a positive experience by following your head over your heart while buying one. As much as you like a property, it is not worth investing in it unless you are dealing with a reputed builder such as Radius Developers in Mumbai known for its excellent construction quality. Currently, Radius has several ongoing luxury apartments in Borivali West that are intelligently designed and conveniently located to provide a comfortable lifestyle for its future residents. Visit our website to know more.