Life is a series of accomplishments you look back on from time to time and feel proud of having worked hard to achieve them. If you make the slightest error, whether it is starting your own business or buying a luxury home, it can leave you feeling regret. Hence, it is important to think through your decisions before making any kind of investment decision, especially luxury real estate.
While that is that, most often than not, homebuyers have questions about real estate but don’t really ask because of the fear of being judged or are just too shy to ask. But when you are investing in something as huge as real estate, you should be clear and ask all the questions. If this sounds like you, this blog is for you.
Here are 5 questions answered that people usually have about luxury real estate but are too shy to ask.
Q1. How many luxury houses should I look at before finalising a property?
There is no hard and fast rule regarding how many houses you should look at before finalising a property. However, on average, homebuyers look at around 10 homes before they make a decision on which house they want. But that being said, you could simply fall in love with a house the minute you look at it. But research is absolutely key when it comes to buy a luxury property.
While doing so, ensure you check everything, from amenities to features and infrastructure to the neighbourhood before finalising a luxury property.
Q2. Should I sell my current property before investing in a new one?
It is totally up to you if you want to sell your current property or keep it. Although, it is a good idea to sell your existing property, as you could invest the money in buying luxury ready-to-move luxury flats near Koramangala or any other area in Bangalore. Between home loans and savings, if you are able to maintain multiple properties, then nothing like it!
Q3. How much have luxury homes sold in the neighbourhood?
It is always a good idea to check and compare market prices. This way, you will be able to get the best price offer and not pay more. While doing so, you should check the reputation of the builder or developer, as this will help to understand the future valuation.
Q4. What are some of the sustainable features/concepts in place?
People are more aware of the environment today. While people are making sustainable choices in various areas of their life, they are also looking at sustainable features at home, where they spend a lot of time. Luxury does not mean that the property is void of any sustainable features. As a responsible citizen, it is important that you ask what sustainable features, sewage treatment plants, water recycling is in place at the property.
Sustainable designs in residential spaces have become very popular among homebuyers. While you are checking out the project, you should ask about the various sustainable features/designs. Just like you would ask about anything else.
Q5. Are all approvals in place?
Approvals are crucial. Having all the documents of the property in place is essential for various reasons such as your home loan could get rejected because the developer doesn’t have any permissions/approvals.
You will need approval that includes title to the land, zoning approval, approval of building plan, layout approval, NOC from local authorities and occupancy certificate. There is absolutely no reason why a property/developer should not be able to furnish these details. Do not settle for anything less than perfect documentation just because the property is a “luxury property” and is located in a prime location.
Luxury flats in Koramangala or any other area of Bangalore have become a popular choice among people. Homebuyers are looking for spacious and properly ventilated homes. Advaitha Aksha, a premium apartment, offers 4 BHK luxury apartments for sale in Koramangala. The project also offers top-notch amenities, breathtaking views, sustainable features and superior construction quality. Schedule a site visit today and check out the ready-to-move luxury flats near Koramangala at Advaitha Aksha.