Searching For A New Home In Lockdown? These Tips Can Help You
The impact of the coronavirus has been felt globally and real estate has got a major blow. Many have postponed their investment plans looking at the downfall of the industry. Witnessing the risk of virus transmission and infection, buyers and sellers stay back at home, ignoring any investment. After unlocking, the situations have come under control, the sector has again geared up and you can now dip into lucrative and promising investment again.
But, how can the home buyers ensure the right investment from home only? Here are some essential tips that can help you in finding the right home in lockdown.
Home Type
Home is much more than investment, it is an emotion. It is very important to conclude the home type you want to invest in. So before you start hunting make sure you are clear of the home type you need. Apartments or villas or penthouse, 2 BHK or 3 BHK or 4 BHK, ready to move in or under construction, and many more options are there in the market from which you can choose.
Know about Home Price Trends
The price trend is an imperative step to understand before you go for any investment. This can help you in determining which will be the most productive investment of the time. Some factors to keep in mind before you invest are:
- Location decides the property value
- Comparison of prices in the last few years- how much it started and what it is now?
- Check which has been the best time for investment in the last few years
Location Search with Map
Location is painstaking as it is one of the most important pillars for investment. It decides how many benefits you can avail of from a particular investment. You can use Google Maps to settle on the project you have selected has what kind of neighborhood. Through this, you can know about the nearby spots and the others available in the vicinity. It will also make you aware of the social and physical infrastructure available around you.
Virtual Tour
Amid the Covid situations and the lockdown, it is not possible to go to the site but in this high-tech world, everything is possible. You can have a virtual tour of the project and the site that can help the homebuyers make a good decision. Builders are also eager just as the buyers to help to find their dream home. Through the virtual tour, you can have a look at the home from all possible angles and get the real-time experience of the project.
Credible developers
Hunting for the right property will automatically take you to the right developer. Finding an appropriate and sincere developer for beneficial investment is important who has proven and established records of quality and timely delivery. This ensures that you are making a safe investment like Sobha Developers, DLF, Tata Housing, and more.
On-call consultation
On-call consultation is a big relief through which you can understand every aspect of the project on call. You can get every detail of the project on call only. Then you can also get to know about different projects according to your requirements.
Lockdown offers
Country-wide lockdown is one of the best times to earn offers and discounts. It has enabled numerous people to make their minds for investment and finalize on a project offered at attractive discounts. So, you should plan your investment in real estate at the time of lockdown. Sobha City has deliberately crafted a new housing project Sobha City Gurgaon Sector 108 where the mishmash of 2 BHK and 3 BHK apartments. You can own this housing at an attractive payment plan of 30:70 that won’t make a hole in your pocket.
Convenience and Facilities
Investment in real estate has completely changed in the past few decades. The dynamics have turned over as the projects earlier were just the structures made with walls and roofs. But, now the structures look awe-inspiring as the tall structures, gated communities, and myriads amenities are added that are comfortable and luxurious.
Home Loan & EMI
The home buying journey got easier with the Home loan and EMI services provided by the dedicated section of developers and the mediators. With the help of these services you can get completely aware of the process, documentation, processing fee, assessment, property valuation, and loan disbursement to understand the financial and payment dynamics better. For example, HDFC Bank charges 6.75% interest on a home loan is 6.75%, Kotak Mahindra Bank charges 6.65%, State Bank of India charges 6.75%, etc.
Well, it is not safe to go out, but you can definitely go ahead and research the property online. There are some of the reputed online real estate brands that can help you with the end-to-end service. I am sure these tips will help you in finding the best property.