5 Things To Consider While Buying Your First House In India

Miniature image of studio apartment

Buying a new house can be incredibly stressful, especially if it is your first time. The process to buy a residential property is complicated, mentally taxing and requires a large amount of time. As it is going to be a big investment, you must do a thorough market research. Here are 5 things to consider while buying your first home in India:

Check Developer’s Reputation & Goodwill

Photo of a developer handing the keys to a studio apartment

A good builder will always have a good reputation in the market. Checking the goodwill of the builder is one of the most important things to do. You must check for how many years the builder has been in this business. A builder with more experience is likely to be more knowledgeable and have a better understanding of what buyers want.

You should check for how many projects they have completed, whether they have all the necessary approvals and if they are complying with all the regulations. It is also important to check the builder's history to see if there have been any issues in the past.

You should check if the builder has completed any projects similar to what you are looking for. It will give you an idea of their expertise and whether they are capable of delivering what they promise. Furthermore, it is also important to go through the reviews of earlier clients. It will give you a fair idea of what to expect from the builder.

Connectivity To Important Locations

Girl waiting outside her studio flat

One of the major factors that people should consider while buying a house is its connectivity to different places. A house might be beautiful and perfect in every other way but if it isn't well-connected, it can be quite a hassle to live in. Let's take a look at why connectivity is so important while buying a house.

One of the first things that you need to consider is whether the house has good schools and colleges nearby. If you have children, then you would want them to go to a school or college that is close by and not have to travel long distances every day. The same goes for hospitals as well. In case of any medical emergencies, it is always better to have a hospital close by so that you don't have to travel far for treatment.

Another important factor is transportation. If the house is not well-connected by public transport, then it can be quite difficult to commute to different places. It is highly recommended to buy a house that has easy access to railway stations and bus stops.

It is always better to buy a house that is close to your office so that you don't have to spend hours travelling back and forth every day. If you have to travel long distances every day to go to work, then it can be quite tiring and stressful.

Resale Value Of The Property

Photo of studio apartments that have high resale value

When it comes to buying a house, resale value is important for a number of reasons.

First and foremost, your home is likely the biggest investment you'll ever make. It's important to think about the future resale potential of the property before making such a large purchase. Additionally, if you ever find yourself in a situation where you need to sell your home quickly, you'll be glad you took resale value into consideration when buying.

Future development plans around the area can impact resale value. If there are plans for new construction or major renovations in the works, this could lead to an increase in values for nearby homes. Paying attention to these types of things can help you maximise your investment potential when buying a house.

Resale value is determined by several factors including location, condition of the property and recent comparable sales in the area. Investors often focus on properties that have the potential for high resale value. This is because they can make a significant profit when selling the property in the future. If you're not planning on selling your home right away, you may not be as concerned with resale value. However, it's still something to keep in mind, as circumstances can change and you may find yourself needing to sell sooner than expected.

Construction Quality

Photo of contruction workers checking the contruction quality of studio apartments

When you are searching for your next home, you must check the construction quality. It is important to consider the construction quality of a property for a number of reasons.

  • Firstly, poorly constructed buildings may be dangerous and pose a risk to the safety of occupants and passers-by.
  • Secondly, substandard construction can lead to costly repairs and maintenance issues down the line.
  • Thirdly, poor quality construction can negatively impact the value of a property.

It is therefore in your best interests to ensure that a property is built to a high standard of quality. Make sure you check out the quality of walls, flooring, paint, window frames and bathroom fittings. By taking these steps, you can help to ensure that your property is safe, sound and valuable for years to come.


Amenities to look for in a studio apartment

One of the most important things to consider while buying your first house is the amenities that are available. Here are some of the things you should keep in mind:

  • Car parking: Is there adequate car parking available? If not, is there space to park on the street?
  • Security services: What security services are available? Are there CCTV cameras installed? Is there a 24-hour security guard?
  • Water supply: Is the water supply reliable? Is there a backup plan in case of a water outage?
  • Elevators: Are there elevators in the building? If so, how many and what is their capacity? Are they well-maintained?
  • Power backup: Does the building have a power backup plan? How long will the backup last?
  • Essential amenities: Are all the essential amenities available in the building, such as a gym, swimming pool, etc.?
  • Discretionary amenities: Are there any discretionary amenities available, such as a playground for children or a community garden?

By taking all of these factors into account, you can help to ensure that you make a sound investment and purchase a property that meets all of your needs.

If you don’t want to go through the hassle of doing all this research, you can simply take a look at Tapasya’s 70 Grand Walk project. It has a prime location - Sector 70, Gurgaon - and it is also well connected to the SPR (Golf Course Extension Road), NH8, Sohna Road.

Whether you are looking for an investment opportunity or searching for your first home, you must check out the retail shops and studio apartments of Tapasya.

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