admin
What you need to Know before buying a Villa in Kottayam?
Are you considering purchasing any villas in Kottayam? If so, there are a few things you should know before making your purchase.
In Kerala, real estate is booming and Kottayam is no exception! The city has seen steady growth in recent years and is now home to many luxurious villas.
In this blog post, we will discuss some of the key factors you need to take into account when deciding if Kottayam is the right place for you to buy a villa. So, whether you’re looking for a spacious property with plenty of privacy or an investment opportunity, read on to find out more about buying a villa in Kottayam.
1.Estimate the total cost
The cost of a villa can be high, with parking charges and other hidden expenses. These make up almost 5-20% the bare minimum you’ll need for your monthly budget. So estimate your total cost in prior without worrying about getting overcharged or taken advantage by the builders who want their money before moving to new home!
- Final usable area
In case of villas under construction, it is important to understand the final usable area. The buyer should be comfortable with their liveable space and how much use they will get out if before buying a new home or renting a villa that has not been completed yet.
3.Estimate total cost of running the home
This will include maintenance charges, property tax and increased commuting expenses as compared to where you’re living now! Make sure this is within budget for monthly payments before moving forward with a sale or purchase agreement .
Please note that these numbers are estimates only – they don’t take into account any special circumstances like insurance policies or personal preferences which may affect what someone spends on their daily lifestyle.
4.Check the other occupants near by
The best way to avoid conflict is by making sure all of your villa’s residents share similar views and ages. If they don’t, problems will arise over who should be allowed into certain areas or which pets are okay for elevator rides! So don’t forget to check with other occupants in the near by villas.
- Villa as an investment?
Think about the type of tenant that will typically live in your villa. If you’re buying for investment purposes, consider how close it is to public transportation and whether two parking spots are required.
- The Building watchman
To find out the situation of water supply, electricity and availability in a building you plan on buying a villa from speak with either one’s neighbour or the building watchman. If that structure is under construction then see what they have to say about their domestic help skills as well as security measures like surveillance cameras which may be present throughout these buildings during open hours.
- The Neighbouring Buildings
If you are planning to buy a new home in the next two or three years, consider looking at properties that have been converted from smaller buildings. This way your view won’t be blocked by an upcoming tall building! Ask around among security guards of nearby property owners who might want their space enlarged – they often know what’s happening before it happens and can give valuable insights into future plans for development so don’t forget about them when making purchasing decisions.
8.The home loan
Can you afford to buy a home? You may be surprised by how much money is left on your plate when it comes down choosing between different loans. For example, if senior citizens or woman co-ownership are applicable for the loan that’s being considered then make sure there isn’t an additional fee associated with these options because this could cost thousands in interest charges over time! Hence, fish for the best rate.
9.Cash component, if any
Discuss with the seller upfront on how much you will be paying in cash, if any. These things always spring up at the last moment and most of us don’t have access to large amounts of money!
10.Fit in your overall asset allocation
When buying an apartment for investment purposes, make sure it fits into your overall asset allocation and has a balanced mix between equities debt instruments. The general rule of thumb for investors who are less than 50 years old is to combine 2-3% rental income with expected capital appreciation. This will give you the best return on your money!
11.Find the average range of prices
The best way to find out the average price for something in your neighbourhood is by asking around. You could speak with 3-5 people from nearby buildings, including ones that are newer or older than yours and see what they say about how much things cost there these days!
- Visit buildings delivered already
You can check out the quality of construction for an under-construction villa by visiting buildings delivered already by that same builder.Ask occupants if they were happy with their development process, or did developers hand over smoothly in order to get a good reputation on time finish jobs well done!
Buying one of the Luxury Villas in Kottayam is one of the biggest decisions you will make, ranking after marriage and having kids. You have a responsibility towards yourself as well as your family that it pays off by doing all necessary research before making this big purchase!
The input for this passage was about how important buying property can be in terms on size/price range etc., but what if something happens duringResearch? I’ve added some words like “what” & “however” which helped change direction
