What appeals to a buyer?

In a country like India where people who wish to buy a property are majorly emotions driven, the value of a home is often associated with the sentimental value with which they connect to a property. 

Buying a property for the sake of living is not what the buyers in India look for! A home is what they wish have. A property that they can call as a home is what they wish to buy for themselves and their family. 

If we consider a city like Nashik, which has been recently officially announced as one among the 98 declared smart cities in India, the local citizens do not aspire to own a home for the sake of it. Buying a property has a lot more to it than just the money transaction and a piece of land. 

So what appeals to a buyer in a property? 

Is it the piece of land alone? Or is it there something much beyond that?

When I happened to meet a person who visited the Parksyde Homes, a project by Parksyde, the first few questions that he was interested in being answered were

• What is the price of the flat?
• What is the built-up area of the flat?
• What is the carpet area of the flat?
• What all amenities are provided in the project?
• What are the features and specifications of the project?
• How far is the bus stop and the market place from the project? Or
• What is the location of the project?

Can there be any negotiation done?

So, when it comes to buying a property, a buyer has a lot many questions that need to be answered with validation in order to finalize on a property. A common man who saves all his life to buy a property for his family, is the one who looks for more than just monetary value of the property. Comfort and convenience he would get from the property is something that matters to him for a better living.

So, if you too are looking for an opportunity to buy a home, ensure you have all your questioned answered and you are convinced with the property before you go ahead with the buying process of the property.  Let us know if you are interested in visiting the projects by Parksyde. We have answer to all your queries. 

5 Things to do if it’s your first time to purchase a home

Are you a first time home buyer? You are surely clueless about the real estate industry at this moment and that is one of the reasons why you are exploring this post. So, now that we know you are here with no information regarding the home buying process, let us help you with some things you must consider before you buy a property!

5 Things to do if it’s your first time to purchase a home:

1. Know the Jargon: the best thing to begin with is doing a proper market research and understanding the common terms and jargons that are used in the real estate industry. You can do this by asking the contractor or a builder or a realtor (if you are consulting any) in order to avoid confusion.
2. Organizing your finances: If you are in need of a loan for the property, then ensuring a clean credit background is important. You need to be realistic while deciding the budget and should be able to understand which property you can afford.
3. Choosing the right Loan scheme: Opting for a loan with a fixed rate is ideal for long term investments as you will need to pay minimal interest rate that is expanded over time. Whereas, adjustable rate loans involve risk of variations in the rate of interest due to the fluctuations in the market.
4. Pick your ideal location: While choosing a property having schools, colleges, hospitals, shops and other facilities are important, but, there is more to it if you consider reselling it later as you need to ensure that your home is in a convenient location so that it boosts your property value for the time you decide to resell your home.
5. Inspect the property before you finalize: Before you commit to purchase a property, ensure you inspect the facilities and the complete property by yourself so that you are aware of the problems that may arise later and where all you need to make changes in the property that can add to your post possession expenses.

Thus, understanding that buying property is a daunting task, we suggest you to follow the things you must do before buying a property to avoid risks of investing in a wrong property. 

Have you analyzed the pros & cons before buying or renting a property?

When was the last time you were in a dilemma of buying or renting a home? Well! Whenever we think of shifting to a new place we come across this question of buying a home or renting a home! However, when it comes to deciding out of the two and then you need to narrow down your choices depending upon many factors associated with both. Hence, you must measure the pros & cons to make an informed decision.

A home of your own adds a set of responsibilities that need to be performed by you in order to keep up the health of your home. The decision to buy or rent is dependent on your ability to maintain and bear its additional expenses post acquisition. Having a better understanding of the responsibilities that you will have once you shift to your home plays a crucial role in coping up with the expenses that add up later. One of the most important factors to consider before buying or renting a home is the monetary expense. That is a key to decide all such things in real estate.

If you are buying a home in Nashik, here are a few things that you must check before deciding upon any property:

• Buying a home is a good  investment for the future when you have a family. You would not have to pay any monthly rent and you can renovate your home as per your needs and wants. However, it is more like a responsibility and the routine maintenance that adds up can be costly sometimes. But, what remains is that it is your own home.
• On the other hand, renting is always a good choice when you have financial constraints as you have only a fixed amount of rent and no other financial commitments at that time. Hence, it makes your choice easier while you search for the rented property. But, on the contrary, the landlord can raise the rent amount and there can be a possibility of eviction.
• You decide your lifestyle and accordingly decide what you want. If you need freedom from the additional maintenance expense, then renting is a good choice. Whereas if you want the freedom to do all that you wish to do at home and make changes in the home as per your needs, then buying a home is a good choice.

Hence, setting your priorities and classifying your wants and needs is important before you enter the volatile field of real estate for buying or renting a property. A clarity of thought on these aspects will help you make informed choices that you can confidently go ahead with and not regret any later.