Ronnie and I have moved a lot of times and changed countries and apartments like some people change their socks. As a matter of fact, Ronnie is again! During our moves, we have learned quite a lot about different criteria to follow when you are looking for a new home.
The new trends in the real estate world are residential complexes. These are huge campuses and quarters which are spread over a large area to make a different world for the residents. These complexes are not only nice and a class apart, but also make do with a lot of amenities that one might not be able to enjoy if he decides to buy an independent house.
There are certain criteria that you need to follow when looking to buy homes in residential complexes. Here is the list of things that you need to keep an eye on while buying a flat in the new residential projects.
The builders
Always do a background check for the building company. If possible, visit other houses or apartments that construction company has built, so you can check for the quality of the work and materials they are using.
Responsible company’s complexes are well-planned and well-maintained as well. The systematic use of space, good quality raw material and also a promise of lasting very long can be made and kept up only by a builder who has an experience in the industry. If the builder is reputed, you are sure to have found yourself a quality complex.
Location
Residential complexes generally take up a lot of land space. You will see that there are many projects that are built in developing localities which are a little far from the city hubs. You need to make sure that the location of the project is apt for you and is in the alignment of the lifestyle that you want to lead.
If you choose the wrong locality, you might have to compromise on a lot of things you do not want to. Be sure to check if the complex has the most important facilities nearby like a pharmacy, grocery store, school, kindergarten, bank, public transport, playground, hospital etc.
Amenities
A lot of people prefer one house to another because of the amenities the new house offers. Residential complexes might offer amenities that may not be available for people living in an independent house. A pool, a jogging track, a clubhouse, AV room and other such things are at the resident’s disposal when living in a residential complex.
This means that you need to make sure that all the amenities are well established when you invest in one of the new projects in construction.
One of the most important amenities in a residential complex is the security of the place. Make sure that it is in place before you move in. A great example of a condo with great security is The Well Condo – you are welcome to read about it here.
Image source: one of the new projects in Bhiwadi – Ashiana Town residential complex
Returns on investment
When you buy a home, you are looking forward to setting it up and making it your paradise. Buying a house is not just buying a home, it is also an investment that you make. Before you buy a house in a residential complex, be sure to study the market well and think in the future. Ask yourself and financial consultants if an apartment you want to buy is a good investment.
Design and beauty
This is another aspect that is going to attract the people to the residential complex. Beautiful and unique design can be really important for some people when looking for a home. This is why it is important to visit the place and see it yourself and not just judge the house by the brochure.
Take into consideration all the factors that are important for you. Think of the green space, the playground if you have kids and if the pool is big enough for a hot summer day when all the residents want to take a tip.
What criteria are important for you when looking for a house?
I can say that even for apartment buildings this is true. We live in a house now but for a few years we had to move a few times. One of my favorite apartments had a community pool and a gym for residents
We’ve looked at places like this for a vacation home in the south, but are always afraid we’ll hate the neighbors!
All great points to keep in mind. I know location is definitely number one. We have bought two houses now and our first was super hard to sell because of the location. Sometimes you get too anxious to buy your first home that you overlook some of these things but they are all super important.
Great points. It’s funny how you say to check with the builders before buying a house. We bought our house from a top company who had been around for a long time. However, after we got into our house we had a few issues and nobody told us that they were going out of business. So needless to say, we got the short end of the stick on a few things.
I’ve never considered living in a residential complex before, but will keep this in mind. Who knows, I might change my mind one of these days. 🙂
Very important issues to consider in making such a huge investment as a home!
This is great information for those who are looking to buy a home in a complex. It is important to do your homework when thinking about your future. Thanks for sharing.
I definitely agree that you want to visit before buying. That holds true with every big purchase for me!
This is great info to consider. Here in Texas, they are creating more urban living areas like this. I know when our kids are gone, my husband would love to live in a place like that.
great article and thanks for sharing…