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BlogBuying a Home? Read this first

Buying a Home? Read this first

08/10/2022
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Buying a home is a significant life event, often accompanied by excitement, anticipation, and, let's face it, a bit of stress. Whether you're a first-time buyer or a seasoned property investor, the process of purchasing a home can be daunting. However, with the right knowledge and approach, you can turn this journey into a fulfilling and successful endeavor. This comprehensive guide is designed to help you navigate the intricate world of real estate and make informed decisions that align with your goals.
For end users the non-negotiable factors when choosing a house include proximity to the workplace/school, safety, and the immediate neighborhood. 
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Key Factors in Home Buying

Primary influencers are; affordability, home loan availability, speed to completion, value for money spent, unit sizes, legal status of the project etc.
The typical secondary influencers are; the budget, pedigree of the developer, quality, amenities available, apartment specifications, and undivided share of land ( UDS).
When the family includes children, factors such as car free play areas and sports facilities are huge plus points. The adults look for exclusivity i.e. fewer neighbors per floor, ventilation, less crowded common areas, lower waiting time for elevators, and access to green spaces.
Similarly, large, well-designed balconies, especially with a great view can serve as spaces to host friends and family. High Vaastu compliance, no nuisance value, smart home features, etc. all contribute to making the home a highly desirable one.

Investment Opportunities in Home Buying

People who buy a house purely as an investment have a slightly different set of priorities. Of prime importance is capital value appreciation and more immediately the rentability of the property. It is also advantageous to invest in an area that has a high potential for future development or upcoming infrastructure projects.
The 'investor' is also attracted by customized payment plans, proximity to established business hubs, ability to resell, and in some cases being able to pay in cash. The ability to convert a residential space to commercial use in the future is also a huge plus point.
Pedigree of the developer, value for money and a property that has no legal issues are common to both types of home buyers.
Regardless of whether a person is buying a home to live in or to invest in he/she will consciously or subconsciously have to make trade offs between their needs, wants and desires. This enables them to choose the best option given the numerous constraints around home buying. Some of these trade offs impact their lives significantly while others are minor irritants.

Home Buying in Bangalore

Are you contemplating the idea of buying a home in the vibrant and dynamic city of Bangalore? If so, you're in for an exciting journey filled with opportunities and choices. Known as India's Silicon Valley, Bangalore is a city that seamlessly blends tradition with modernity, making it an attractive destination for both residents and real estate investors.
In Bangalore ample properties are available in premium areas such as Whitefield and Sarjapur Road
The biggest challenge in Home Buying is when one is not even aware of the impact of one’s choices which they will experience only post-purchase/possession. This often results in buyers' remorse once the project is completed. This is one of the core issues we are solving for at Propsoch.com.
At Propsoch, you can also compare properties to learn all the pros and cons of different properties, to choose the right property for you.

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