Tips to Remember When Buying a Luxury Property

Tips to Remember When Buying a Luxury Property

By siliconindia   |   Wednesday, October 8, 2014


Bangalore : Owning a property which suits to your lifestyle will gives you a certain kind of high and is also engrossing a certain element of risk. As per the report, due to the depreciation of Rupee there is a growth in Luxury housing segment. The luxury housing is not only restricted for metropolitan cities or other big cities, there is a launch of numerous luxury projects all over India. Influx of International lifestyle has also impelled demand for luxury properties. The Luxury property deal is an expensive deal for the majority of home buyers; here are the top five points to remember when buying a luxury property.

Be Educated: Luxury properties are a very niche market; the better way to start hunting properties is going through a website, but there will be not much information available for new luxury projects.  Buyers who are connected with developers and builders through personal contact or subscription of newsletters are more probable to know about upcoming luxury projects with all the required information. The luxury home market fragment works on exceptionality and moreover, there will be a limited edition of luxury apartments, villas or houses. This is a quick and easy way to search out the information.

Location and surroundings: Location is one of the real estate’s leading principles. While hunting luxury property for long term all should give dominance to location with surroundings as decorations can be updated, landscaping can be redone but the only things developers can’t amend is location. Even though some projects offers high end facilities the project fails to sustain the demand because of unsightly location. The location and surroundings of the property play a major role while hunting luxury projects.

Choose Right Builder : Before buying a luxury apartment the very important thing is to choose the right developer by checking out their experience, successfully delivered projects, whether his financial position is sound or not and ensure all the necessary approvals and planning permission are in right place . It is recommended to make a small interaction with the old clients of the developer. Determine the project where you are planning has the necessary infrastructure.

Hire Real estate agent: For the majority of home buyers, luxury real estate investment is a substantial investment in their lifetime. Small decision can cause detrimental impact. It is recommended to hire a good and experienced real estate agent to evaluate property according to terms and conditions, to help in decision making and to provide necessary services.

Amenities: Most builders’ offers top end and common amenities such as 24 hrs clock security features with cameras, importing materials, club house, high end kitchen fittings, Bath room fittings swimming pool, fitness center, club house, car parking and many. These splendid amenities and facilities boost the value of the luxury property. Ensure that you do not compromise the points like choosing the framework and specifications, maintenance includes upgrading the amenities, regular cleaning of swimming pool, fitness center should have new equipment.    Affordable Flat Under 25 Lacs

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