real estate company | August Ventures Private Limited

It is easy to get tempted to purchase a house depending solely on its structure. Especially, if it ticks all the checklist points you would have for the insides of your dream apartment. However, it’s equally important to assess if the location your top property is in, suits you in every way possible. You may have your potential dream home in hand but if it’s located in an unattractive neighbourhood (think high crime rates, no schools, etc), you may have serious trouble reselling the home later. What’s worse, it may even be a nightmare to live daily.

Why is location of a house important?

Location is key to appreciating real estate, especially if in an area that is centrally located with all amenities making it a hot spot. Choosing a ‘supreme’ location is, therefore, what translates to profitable investment and must be assessed carefully before deciding to buy a home. The next time you are out shopping for premium property, consider the following factors that will help assess if the location it is in is worth it.

Luxury Quotient

It is important to ascertain the purpose of the flat you are looking to own. Will this be a retirement home or is it solely for investment purposes? Knowing the reason will help you narrow down the key factors needed to make the property more attractive for residing in. For example, if it is for investment purpose, choose a residential property that is centrally located with key amenities in close proximity to make it desirable for renting/resale. Instead, if you choose it to be and ultra large house, it makes sense to be away from the hustle-bustle of the city.

Accessibility and Infrastructure

One of the most important factors to look out for is if the builder’s property supports easy commuting. Whether it is driving a car, a bike or using public transport, it helps to have the property placed in a prime location that has easy access to transportation. A short walk to a local metro station, bus stop or a 15-minute drive to the nearest airport is attractive to buyers for the sheer accessibility factor. When you begin your search for the perfect neighbourhood, it’s worth paying attention to how far your intended community is from public transit and other major highways. Also, calculate how long the commute will take from work/school on a daily basis, wheelchair facility if you have elders in the family.

India is no stranger to the heavy monsoons and the waterlogging that follows. Unfortunately, this has led to poor roadways and hampered the quality of infrastructure. When you pick a suitable apartment building, ensure it has connectivity to good highways and roads that are maintained.

Amenities

Are you someone who enjoys lively surroundings and prefers being amongst a sea of amenities like restaurants, shopping malls, grocery shops and family attractions? If so, it’s worth considering a property that has these amenities within 10 minutes radius or at walkable distance. Consider options of nearest hospitals, pharmacies, laundry service, petrol stations etc. too for convenience.

If you are a family with kids, it’s very important to consider how far the nearest school is and if it has a good rating. This is particularly important if you intend to stay in the locality for a longer period. There may be future plans for new schools to develop in the locality, it’s worth keeping an eye out for the same and choosing a best location based on these.

Appreciation

Probably the only solid advice a real estate company in Bangalore, India would give you, always focus on what the property value will be in the future. While the location and present facilities of your own luxury home are important for resale, future plans that include schools, hospitals, public transport and other infrastructure can improve project value in the area.

Safety

A home is truly where you park yourself daily to rest, relax and rejuvenate for the next day. The last thing on your mind should be a worry about how safe you and your family are against all possible dangers in your locality. A property that is neck-deep in a neighbourhood that has high crime rates or poor security measures in place, is likely to have poor value in real estate market. The property value of a safe neighbourhood with safety measures in place and a community feel is likely to be more inviting for people to live in.

If there were two sides to a coin when owning a home, it’s the best location and the actual property itself. Location is a stable criterion to consider including objective factors as mentioned above. Considering these home buying tips will ensure you get to enjoy appreciation for the valuable future investment you made, over time.

Bengaluru is a city of opportunities and is the place most people from all over come for lucrative jobs, education, and to start a new journey. Finding a job and staying in this city is a dream come true for many people. For those who have already accomplished this, your next dream may be buying a luxury flat with low density of people. There are many properties for sale in Bengaluru so choosing the best among them is a challenge.

Here are some tips to help you

Prime Location:

One of the high priority factor to consider is the location when purchasing 3 bhk , 4 bhk, 5 bhk homes. The interiors of the home can be changed, the security can be upgraded and many other aspects of a home can be improved but not the location. So it is imperative that you consider the location of your choice as well as the neighbourhood before you finalize the home. Some of the things to consider are:

The proximity of the apartment to your workplace and your children’s school.
The traffic situation, considering Bangalore is notoriously famous for it.
The noise and pollution levels of the area.
Ease of access to other neighbour localities.
Transport facilities for any elders that stay with you to move around the city.
Access to health care (hospitals or clinics), shopping malls, schools or colleges, IT Hubs, Business Companies and other amenities.
Accessibility of playgrounds, parks, etc. for elderly/senior citizens and kids to spend time.
There are many happening places and locations to choose to live peacefully without much noise i.e., Sarjapur Main Road, Koramangala, Hsr Layout, Marathahalli, Bellandur, Agara, Outer Ring Road, Whitefield etc.

The Neighborhood:

The second most important aspect is the neighbourhood. It is quite different from the location. The location may be safe, classy, and has all the facilities but it is the people who live in it who also matter. Check if the neighbourhood and neighbours are friendly and are fun.

The Apartment Layout and Builder Reputation:

Now that you have zeroed in on the location and neighbourhood, it is time to move on to factors related to the actual residential property, like:

The main is the real estate company & builder’s reputation and then the layout and structural integrity of the building.
The next is to check if the area and the plan are as per your requirement.
Understand the difference between the super built-up area, and the carpet area so that you don’t end up compromising on space. Familiarize yourself with the jargon used by developers and agents so that you both are on the same page.
Check floors, walls, and the other interiors for cracking and leakage.
Ensure that the building is cleared by the government and the apartment is Ready to Occupy/Move-in and has all the clearance documents. Check with a lawyer for full clarity on that.

Security:

In days like these, living in a condominium also gives you added security, with its single entry and exit points. And guards who monitor who comes in and when the person is leaving, checking with the residents before allowing people into the premises. Apart from patrol guards, the apartment complex should have CCTV cameras, monitors, biometric access, etc. as part of security facilities.

Amenities:

If you have young children, then a huge gym may not be as important to you as open playing spaces. If you are working a lot from home these days, small bedrooms and a large living room may not be your best choice. Most modern flats provide amenities like club houses and visitors parking spaces. Find out what is available and what is important for you.

To find a premium property by following the above-mentioned tips and doing the right property research.