Buying a home is a dream come true for every middle class family. Just like everyone else, after marriage and shifting from one rented home to other, we decided to look for a house of our own. The first thing to decide was place. We were living in Bangalore then and both of us had our job there, but our parents and extended family was in Pune so we were in two minds about buying a home in Bangalore or Pune. I am a very practical person when it comes to finances and living choices in general. Comfort and proper use of investment is extremely important for me. So I was clear that if I buy a house for investment, then it needs to earn me rent and if not then I should be staying in it and utilizing the invested amount.
Rent v/s Rate of sq.feet
As this was the first house hunting experience for both of us, we discussed this a lot with elders, friends who recently brought homes and online real estate sites. We even compared the average rent received in both the cities. After studying the rent received, expected expenses to be incurred and possible appreciation in the coming years, we decided to buy a house in Bangalore. I know this doesn’t sound very romantic, but this was practical and this experience taught us a lot of things when it comes to house hunting and background information collection.
We were clear that we will be buying a home in our budget, but it also needed to be in a sensible location. We chose a home close to workplace as we wanted minimal commute time. We were also looking to start family, so we wanted a locality that was residential, child-friendly with pre-schools, gardens, basic shopping needs available close by. I like walking, so I wanted to stay away from highways, loud busy streets etc.
My parents had to undergo terrible stress and trauma during their home possession. Builder, his dealings and repute hence was extremely important for us. I had seen the pain, the suffering from close quarters and was extra cautious when it came to selecting the builder. We even took a lawyer’s help to cross check the docs before signing the dotted line.
Elders experience, online reads about house-hunting and advice from experts helped us in zeroing in on our dream home. It was a home which was made with a lot of thought, planning and love.
How was your house hunting experience? Had you thought on similar lines?
I am participating in the Write Tribe Problogger Challenge this October.
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