Buying Property in the Suburbs: A Guide

Most people cannot afford to buy properties in central business and commercial areas of cities for the sky high prices that they command. Since people have to move out to the suburbs, city municipalities and state governments have started providing the necessary infrastructure for living in these areas. Builders too have started prestigious projects in these areas for their potential of development in the near future, demand, low cost of production and availability of large land parcels. 

When you are moving to the suburbs to buy property, you need to bear certain things in mind that you would not when buying property in prime locations of a city. Here is a guide that you may follow when buying property for sale in suburbs.  

The area where you are buying property

When you choose an area where you want to own property, you need to decide future developments that would be possible along with capital appreciation (assuming you are buying for end use). For example, the Bangalore International Airport is situated in North Bangalore and hence areas close to it are benefitting largely. Similarly, Ghatkopar in Mumbai has been connected to the central business area of Versova which has elevated the price of property in Ghatkopar.

After considering the scope of capital appreciation in the area, you should think of the civic and social infrastructure available. Are there proper arrangements for sewerage? Do all the existing houses receive uninterrupted water and electricity supply? Are there good schools and colleges in the area? How far are the grocery or departmental stores from the neighbourhood?

Having these amenities near your residence would be a big boom because you would not have to commute much to get your needs fulfilled.

      Quality of the Property

Even though properties for sale are less expensive in the suburbs, there is no reason for them to be of inferior construction. The quality of construction is of utmost importance because you will be living in the apartment for the next 10 to 20 years at least. To make it hardy and durable, the construction materials need to be good. Inclusion of features such as power back up, backed up water supply, earthquake proof construction etc. need to focused upon by you.

 

      Builder’s Sincerity

A background check of the builder is of utmost importance when you are buying properties in the suburb. Is the builder not timely with his delivery of properties? Are all the amenities that have been promised being delivered? Have all the necessary clearances been obtained by the builder from the municipal corporation and other authorities? These are some of the questions that you must have clear answers to. 

If the builder has developed another property in the vicinity, don’t hesitate to approach the residents of the community to find out about the builder’s work ethics. 

      Your Neighbours to Be

Your well being is much dependent upon how your neighbours are. If your neighbours are not cooperative about maintenance of the society or organization of meetings, then the quality of the building would deteriorate with time. Moreover, the status of your neighbours are also very important. If your level of income and expenditure does not match your neighbours, then you may feel like a sore thumb.

Most of the development of housing real estates are being carried out in the suburbs. By following this guide, you can find a good property for sale for yourself.