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BEFORE
YOU BUY A HOUSE
ASK YOURSELF THESE QUESTIONS
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| What
are the questions I should answer before buying a house? |
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| 1.
What is my requirement? |
Single Unit
Four Bed Room Apartment
Three Bed Room Apartment
Two Bed Room Apartment
One Bed Room Apartment
(Depending on size of the family present / future, personal
requirement, etc. ) |
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| 2.
Why do I need a Dwelling Unit? |
To stay in it ?
Property as an Investment?
Capital Appreciation? |
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| 3.
When do I buy a house? |
Am I fully convinced to buy?
Do I have to buy it now?
Do I have other pressing requirements?
Can I wait for few more years?
Wait till interest rates fall further? |
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| 4.
Where do I have a house? |
Am I looking for post retirement / settling
place?
Is my home town in rural / semi rural set up?
Is it a place which will offer me better job prospects?
Am I looking for MH, CSD and club close by ?
What environment will I be getting or looking for ?
Is physical security a criteria?
Is neighbour's company important?
In company of people from similar profession ? |
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| 5.
How do I finance the house? |
Selling some of my assets, say land?
Borrow from friends and relatives?
Loan from Financial Institutions? Which one ?
Joint Loan with spouse?
How much EMI can I comfortably pay? |
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6.
What am I looking for in the house?
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No of rooms ?
Size of the rooms?
Number of Bathrooms / Toilets? |
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| 7.
What is surrounding environment like? |
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Is parking available?
Is it open or covered?
Is security provided by society?
Does it have green areas?
Is there Swimming Pool, Tennis Court or Gym?
Does it have Community Center, Shopping Complex?
Are the lifts provided?
How far is the market?
Which are the schools nearby?
What about hospitals or nursing homes?
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| 8. What else am I looking for ? |
Earthquake resistant structures ?
Designs approved by reputed Institutions ?
No hidden costs ?
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Does
an AWHO colony meet MY requirements ?
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