Here are some key takeaways for first-time home buyers

The first time home buyers will certainly face difficulties in taking a decision towards buying a right property that meets their requirements. Some of them buy a home for end-use while others buy it for investment purpose. Whatever is the purpose of buying a property, the home buyers must be cautious while taking a decision, as it involves one's hard earned money. Thus, it's better to evaluate and consider various factors before buying a property.

Evaluate the Requirements

The foremost thing is to evaluate the size of the home based on your requirements and lifestyle. As the regular housing projects offers the limited set of options, it's an ideal choice to prefer the custom-made homes that make you select the size as per your needs. If you are looking to buy a home for the self-occupation then you would have to consider the future requirements of your family.

On the other end, the property investors should be concerned about the type and size of the property to witness a better capital appreciation in the near future.

Be wise in choosing the right location

Choosing the best location is one of the major aspects while making a property investment. Every home buyer will have their own choice of preferences. Some of the few factors such as the distance from the work location or to kid's school and nearby marketplaces are mandatory for the end-users. Apart from it, connectivity and public transportation facility are also the key aspects to be considered. Moreover, the area should have easy access to other major locations of the city with a frequent transport facility. For instance, if you are planning to buy an apartment in Bangalore then you will check the connectivity, proximity to your workplace, social amenities and upcoming developments of the locality.

The property investors have to identify the residential demand and property market in the particular locality. Also, you can check home rental rates

Social Infrastructure

Liveability factor is a very important thing to consider while choosing a particular locality for home buying. The area should include all the essential needs like school, hospitals, supermarkets, parks, etc., in the vicinity. Besides, the area should have well-maintained sewage network, less waterlogging issues, clean roads etc. Thus, the home buyers should analyze the ongoing and future infrastructural developments in the locality.

Likewise, the property investors should check whether the particular area will witness further infrastructural developments within their investment period. Various developments such as upcoming metro lines, shopping malls, flyovers, industries etc., can help them to determine the future property market of the locality.

Ready to Occupy or Under Construction

In today's real estate market, the buyers can avail multiple options while buying a property. Thus, it's better to look at various parameters and compare the multiple options to select the best property. While a ready to occupy the property is expensive, the under-construction properties are available at a cheaper rate. However, both these options have their own advantages and disadvantages. Therefore, the home buyers have to do a good research to make a right decision.

Check Builder’s Reputation

It is smart to do a research on the reputation of the residential developer from whom you are going to buy a property. You can check the customer reviews for their completed projects. By doing this, you will get an idea about the builder's construction quality and their capability.

If you are planning to buy a under-construction property then you should check on builder's financial ability so as to avoid the delay in the handover.