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Shahid Balwa Expounds: Factors to consider when buying your first house

Buyers should take recommendations from leading developers such as Shahid Balwa, Founder, DB Realty Ltd while analysing a certain location over others.

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Shahid Balwa Expounds: Factors to consider when buying your first house

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  1. ShahidBalwa Expounds: Factors to consider when buying your first house

  2. Purchasing your home in the right location • Buyers should take recommendations from leading developers such as ShahidBalwa, Founder, DB Realty Ltdwhile analysing a certain location over others. • Locations across the country have key projects that are more appealing to certain types of investors. Home buyers will prefer wider spaces & lesser traffic. • Areas with extensive infrastructural development are preferable over others that are stagnant over many years. • Locations that have steady demand growth are also good for buying a new home in. The home will rise in market value as the entire location grows.

  3. Working with the right builders • Leading builders offer a multitude of value-add services to their customers. • The right builders also make significant investments in quality construction, maintenance and upkeep of the property. • Builders with greater reputation in the marketplace, offer premier properties at the right rate. • The amenities offered are critical to analyse prior to making the final decision. • Home buyers should also research the floor plan offered, while opting for multiple site visits across various portfolios. • Industry leaders such as ShahidBalwa insist on quality consultation with buyers throughout the purchasing process.

  4. Planning, budgeting and tax considerations • Budgeting is a key area of consideration that all buyers should focus on early on. • Planning for the investment is another critical area wherein the goals of the buyer should be matched with the property being procured. • There may be fees and charges that are added to the final price after the market value is agreed upon, that need to be considered. • Any society and maintenance charges need to be balanced off with the amenities provided, and service delivered. • The tax implications for a particular property need to be studied while making the final decision on a project.

  5. Home design, development and interiors • Buyers may have to invest a significant portion of their budget into the design and development of their home. • There may be additional considerations to be made when working with a particular theme within the home. • Buyers will have to review the redevelopment work required (if any) and work with the builder earlier into the process.

  6. Introducing technology into the home • A plethora of smart parking systems are being designed to maintain greater security and accessibility. • Smart monitoring and camera technologies can be installed to protect the home. • Smart appliances are enhancing the overall value of the new age home. • Remote access technologies allow known individuals to gain access to the home space through mobile apps.

  7. Thank You

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