What Influences the Home Buyer’s Decisions While Buying a Home?
May 25, 2017 Home Trading Steps
Finding the right house that suits the buyer’s needs and requirements along with the pocket is a huge task. Potential buyers have to spend months searching for that perfect home before buying it.
Though buying the house is influenced differently by different buyers. There are generally four broad categories in which the decision of home buying can be divided:
1. The Native place attachment:
Some people have an emotional connection to the place they grew up with. They memories that a person has created with their friends and family are precious. When buyers look for more affordable options to live, they generally come back to their native place. They have a good idea about the localities they can invest in and stay close to friends and families.
2. The sensible investment:
Most couples are more and more career oriented now and are not too much into starting the family immediately. The dual income and no kids help in saving a lot of money which they in turn like to invest in a good property with proper amenities.
3. Astute investors:
Not all buyers are looking for the higher return on the investment. Some buyers look to invest in the property and live in it till the end. First time buyers generally look for the properties that are easy and convenient for their commute and necessary requirements.
Buyers with little higher budget tend to look at the luxury segment to fulfil their dream of owning a house.
4. The migrants:
When you move away from home city to a new city emotions are very clouding. With little knowledge of the locality and the neighbourhood, it becomes difficult to find the right house. They settle for the one that suits their current needs, rather than thinking about the long term investment. The married ones usually settle for the places that have an easy access to schools, workplace and recreation centres. While the youngsters settle for the places that have their friend circle and young atmosphere nearby.
Though buying the house is influenced differently by different buyers. There are generally four broad categories in which the decision of home buying can be divided:
1. The Native place attachment:
Some people have an emotional connection to the place they grew up with. They memories that a person has created with their friends and family are precious. When buyers look for more affordable options to live, they generally come back to their native place. They have a good idea about the localities they can invest in and stay close to friends and families.
2. The sensible investment:
Most couples are more and more career oriented now and are not too much into starting the family immediately. The dual income and no kids help in saving a lot of money which they in turn like to invest in a good property with proper amenities.
3. Astute investors:
Not all buyers are looking for the higher return on the investment. Some buyers look to invest in the property and live in it till the end. First time buyers generally look for the properties that are easy and convenient for their commute and necessary requirements.
Buyers with little higher budget tend to look at the luxury segment to fulfil their dream of owning a house.
4. The migrants:
When you move away from home city to a new city emotions are very clouding. With little knowledge of the locality and the neighbourhood, it becomes difficult to find the right house. They settle for the one that suits their current needs, rather than thinking about the long term investment. The married ones usually settle for the places that have an easy access to schools, workplace and recreation centres. While the youngsters settle for the places that have their friend circle and young atmosphere nearby.
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