Buying a new home or to be precise your very own flats can be a whole new adventure, but it can be incredibly overwhelming and difficult if you don’t know what you are doing. Especially in a metropolitan city like Chennai with a multitude of prospective residential choices.
The future of the real estate market in Chennai in 2023 looks very promising. The economy has been rapidly recovering from the effects of the COVID-19 pandemic, and the real estate sector is set to see some of the most significant gains in this recovery.
There are numerous opportunities for real estate investment in Chennai. Chennai has a lot to offer its citizens and investors being the capital of Tamil Nadu and one of the most well-known cities in the southern region of India. Chennai is a popular travel destination because of its lengthy urban beach and comfortable temperatures throughout the year.
When buying Flats in Chennai, you want to make sure that you find one that is perfect for you and your family. Ask yourself what kind of home best meets your needs and interests before you start looking, as well as how much you can realistically afford, how much financing you can receive, and who will assist you in your quest to buy an apartment. Here are some simple tips to find your perfect home.
Set a budget for your dream apartment One of the very first things you should do before beginning your search for your ideal flat is to choose a budget that will work for you both now and in the future. Whether you opt to pay cash for your home or take out a mortgage, you will eventually need to make monthly payments and cover extra costs. Not only should you examine the cost of the home itself while creating a budget, but you should also consider the monthly costs you would incur for utilities, water and electricity, and other costs. Putting up a budget entails staying within your price range for the home itself as well as your monthly expenses, and you should take your time figuring this out to ensure that your budget is accurate.
Know your needs When it comes to purchasing a flat, one of the most important things to consider before going house hunting is understanding what you require. Needs can include the number of rooms desired, the number of bathrooms desired, the size of the apartment, whether or not it has a backyard, and other factors. You must define your requirements in order to find exactly what you require.
Choose the apartment type You need to consider what types of apartments will fit your needs. the perfect home is to think about what type of home you are looking for. There are many different types of apartments, such as studio apartments, duplex apartments, penthouse apartments and many more. Also, you need to consider if you're looking for a high-rise flat or a mid-rise flat or a walk-up apartment.
Find an ideal location apt for you While searching for the ideal flat, location is everything. Even while you may believe you have found the ideal house, it can actually be located in a very risky area where you wouldn't feel safe raising a family. Safety is not the only thing you need to think about when it comes to choosing the location of your home. Additional factors you should think about include your location in relation to nearby workplaces, grocery stores, schools, and other necessities, as well as your neighbourhood and other factors. While purchasing a property, you don't want to choose a place that is entirely unsuitable for you and your family and presents more difficulties than pleasure.
Look up the infrastructure around the society and its connectivity Ensure that the project is easily accessible from major city areas and is well connected by public and private transportation. Distances from major city centres should be measured. You can look into the area and see what public transportation options are available, such as metro, bus, and cabs. Also, keep an eye out for future connectivity plans such as a proposed metro line or motorway around the area. The infrastructure in and around a residential property plays a key role in deciding its current and future value. For instance, the roads connecting to society and the in-roads within the society should be well-built and well-maintained.
Choose the right builder This is a crucial step. Choosing the right builder for your dream home is an extremely critical step. The builder you opt for is going to be responsible for your home and all that it has to offer. The number of builders in the market are one too many, but who is the most reliable of them all? One must be cautious and one must do a thorough market study to find the best builder who will provide the best quality in terms of quality of material used, architecture and service. All your life’s savings are going into your real estate purchase, so one must compare, analyse and choose a builder who is the best amongst his competitors and is offering what suits your needs. Ensure that you choose a reputed/well-known builder with a good reputation and track record.
Research local infrastructure around the society The infrastructure surrounding a residential property is critical in determining its current and future value. Roads connecting to society, for example, as well as in-roads within the society, should be well-built and well-maintained. This factor is also super crucial if you are going to rent your apartment in the future.
Check the security system of the society Apartments on lower floors are typically regarded as being less secure than those in upper floors. This is likely a result of their accessibility. Examine the security measures in place in the community or housing complex if you are interested in residing on a lower floor. Lower levels don't provide much privacy, particularly if your building is situated close to a busy intersection or a major road. If the home development is located in a busy neighbourhood, a higher floor is probably calmer and more serene. One must confirm that CCTV cameras are placed on the floor before purchasing a condo for security reasons. Check the corridor area as well, as this is the sole place outside your apartment that is available when you purchase it on any floor.
Check the number of lifts and staircases proximity and also look into illegal floor deviation Ideally, there should be at least two or more lifts in each tower so that at least one lift is functional in case the other breaks down. This factor is significant if you have elders and children in your family. In case of an emergency, lifts don’t work so it also becomes important for you to check the staircases that should provide the convenience to walk and access floors easily. Often, illegal deviations from construction plans happen on the top floor of the building. If you are buying a top-floor flat, ensure there are no deviations beyond permissible limits. It is advisable to check the floor and own a property that has all the necessary clearances
Choose a trusted online portal to find credible properties An online real estate portal is your tool to save time, and at the same time look into verified credible properties. Comparing properties when buying online is pretty easy. You’ll be able to see different properties in different locations and areas on the same screen. You’ll have an idea of the actual differences, as well as obtain information that’d help you determine which is the best one and why.
There are many apartments available in Chennai's prime locations to choose from and whether you are looking to downsize, upgrade or put down roots, there is an apartment type for what you need. However, we understand that the selection process can be tricky. Know that we at Chennai Properties are here to help you find and choose the right apartment for you. So do leaf through the promising flats listed on our most trusted portal.