It's All About Location When Buying A Property
Oct 19, 2016 Home Loan
Apart from the budget and other aspects, location plays a crucial role in the property buying or investment process. Whether it's a commercial or residential property, if the location is not right the value of the property gets automatically effected. And there are several aspects in location only that you need to take care off. In order to make your life easier, here is a checklist to keep in mind while looking for a property.
Basic amenities should be located at a nearby distance: nobody can deny the fact that a property located within few kilometres of basic necessities will be in a higher price range. But the presence of the amenities is a must and basic requirement for smooth daily living. Such amenities includes markets, hospitals, schools, areas for recreational activities among others.
The location should be safe for you and your family: Though basic amenities at a nearby location is important but a safe neighbourhood is equally essential. So while looking for location, make sure that it has proper provisions of security, such that you and your family can live and move freely at any time of the day. Also looking for today’s lifestyle and career demand, nightlife is very much common. So you must check that the location is safe at night as well.
Availability of all modes of transportation: the property value rises with its closeness to bus terminals, railway station, airport and even metro. With everyone on the constant move these days, it is very important that the location you choose for your property is equipped with all modes of the transport system, such that commuting to different places becomes easier and smoother.
Well-connected to other crucial areas: Select a location, which is well connected to all other parts of the city. Also, good connectivity and proximity to highways and expressways are equally important for an ideal property.
Future prospects of the location: if you have a limited budget then remote areas, those which are planned for future developments and are not properly developed are the best places to invest. Property in such areas are cheaper and are expected to experience higher appreciation in future. So look for such localities that are well connected with the main cities and are open for future developments.
Keep these pointers in mind and opt for the best location that is best suited for you and your near and dear ones.
Basic amenities should be located at a nearby distance: nobody can deny the fact that a property located within few kilometres of basic necessities will be in a higher price range. But the presence of the amenities is a must and basic requirement for smooth daily living. Such amenities includes markets, hospitals, schools, areas for recreational activities among others.
The location should be safe for you and your family: Though basic amenities at a nearby location is important but a safe neighbourhood is equally essential. So while looking for location, make sure that it has proper provisions of security, such that you and your family can live and move freely at any time of the day. Also looking for today’s lifestyle and career demand, nightlife is very much common. So you must check that the location is safe at night as well.
Availability of all modes of transportation: the property value rises with its closeness to bus terminals, railway station, airport and even metro. With everyone on the constant move these days, it is very important that the location you choose for your property is equipped with all modes of the transport system, such that commuting to different places becomes easier and smoother.
Well-connected to other crucial areas: Select a location, which is well connected to all other parts of the city. Also, good connectivity and proximity to highways and expressways are equally important for an ideal property.
Future prospects of the location: if you have a limited budget then remote areas, those which are planned for future developments and are not properly developed are the best places to invest. Property in such areas are cheaper and are expected to experience higher appreciation in future. So look for such localities that are well connected with the main cities and are open for future developments.
Keep these pointers in mind and opt for the best location that is best suited for you and your near and dear ones.
Looking for property portal?
Related Articles
-
All You Need to Know About Home Loan Agreement
Nov 29, 2016 -
How your Loan Depends On Your Age
Oct 26, 2017 -
-
Benefits of a Joint Home Loan
May 06, 2016
See comments (3)
Write a comment
Leave your comments
Comments
M.R.P.SiNHA
2016-12-24 06:04:46AT RANCHI/VARANASI/NOIDA/BANGLORE/MANGLORE
M.R.P.SiNHA
2016-12-24 06:04:46AT RANCHI/VARANASI/NOIDA/BANGLORE/MANGLORE
M.R.P.SiNHA
2016-12-24 06:04:47AT RANCHI/VARANASI/NOIDA/BANGLORE/MANGLORE
