Points to Consider Before Buying a New PropertyOctober 8, 2019

Points to Consider Before Buying a New Property

After spending a few years in renting your home, you realize that you need to stop throwing away money every month on rent and spend it as EMI instead, on a home that you would own at the end of the day. Once you have reached that critical decision, the exciting part starts – finding a suitable home! Going home-hunting can be educational as you get to learn about so many aspects that you never knew as a renter. 

And after you have found the home that seems to be the perfect one, you want to jump in and make the payment. However, this is also the point where you need to be prudent and check out all aspects of the home and its neighbourhood as well as the builder, etc; this is because there are many fraudsters out there waiting to dupe the trusting ones. To counter that, you need to follow a few basic guidelines towards making the right choice, including the following:

Check out the neighbourhood

Is it a safe location where your kids can walk safely on the roads? What’s the crime rate like there? Are there any factories in the nearby areas spouting pollution? Are there any clubs or bars in the neighbourhood? Don’t be scared to walk away from the home if the neighbourhood isn’t safe. If necessary, stalk the neighbourhood at different times of the day to get a better idea of what is happening around.

Nearby Facilities

Check for nearby bus stops, rail connections and shops for daily groceries within walking distance….or gyms or even medical stores for emergencies that typically arise at an awkward hour. See if there are good schools or colleges in the nearby areas. All these factors will also influence the resale of your property in case there is ever a need to dispose of it. 

Test your commute

Check how far your workplace is from the home and also whether there are any traffic jams that you would be encountering daily- this could have a big impact on your daily life.

Home inspection

Don’t go by what the brochure says as some of the information isn’t true. Check that all amenities mentioned exist on the ground. You will also need to confirm the actual carpet area of the home as many builders tend to include common areas like elevators and staircases too – especially when buying an apartment. Check whether the fittings conform to what’s been promised on paper. 

Hire a professional

Instead of being penny-wise and pound-foolish, hire a property lawyer who will know what all the small underwriting on the contract means and can handle all the details on negotiations, taxes and ownership changes, etc, to ensure there are no loopholes left behind. 

Monthly dues 

Your monthly bills will not only include your EMIs, but also include home-owners association dues that cover the use of common amenities, home owner’s insurance, etc, so ask for specifics.

Home loan 

Carefully consider what you can afford when taking a home loan; don’t base it on how much loan you can take, but rather, on how much loan you can repay. Also, you will need to shop around different banks to see which one offers the lowest interest rates.

Buying a property is a lot of work, do your homework carefully and you will reap the benefits joyously!



Discovering Your Neighborhood: Pattom, Trivandrum

Looking to invest in apartments in Trivandrum? Your search ends right here in the inviting neighbourhood of Pattom!  Known for… Continue reading Discovering Your Neighborhood: Pattom, Trivandrum

Read More

Tips for First-Time Homebuyers: How to Find a Credible Developer?

Even though most people will tell you that finding the right location is crucial to homebuying, its worth noting that… Continue reading Tips for First-Time Homebuyers: How to Find a Credible Developer?

Read More

Related Projects

A few of our inspiring projects

Apartments in Trivandrum

Being the state political capital, an educational hub as well as home to Kerala’s largest and rapidly-expanding IT hub, Artech has realized the growth potential of Trivandrum as a prime spot for real estate investment. Artech builders in Trivandrum offer a number of lavish and eye-popping apartment projects located in classy niche areas to inspire you.

Apartments in Thrissur

The city built around the base of a 65-acre hillock is steeped in rich cultural and spiritual history. Aside from being known as the cultural hub of Kerala, Thrissur is also known as a major business center. Artech offers Thrissur, one of its finest creations to-date, the Artech Gateway, featuring exclusive lifestyle apartments.

Apartments in Kollam

Located on the banks of the scenic Ashtamudi Lake, this ancient city dating back to the biblical times, has a strong commercial reputation. The verdant beauty of this city also attracts many people to set-up homes here. As flats in Kollam are in great demand, Artech Realtors have a number of luxurious projects offering superior homes with amazing blue vistas to its residents.

Apartments in Kottayam

Kottayam has always been at the forefront for education and literacy. Aside from this, it’s a peaceful town that thrives on commerce. Artech Realtors have given Kottayam their first taste of high-end luxury living with Artech Rio. The unending views of the surrounding greenery, the meandering river and outstanding amenities makes life in these classy apartments one-of-a-kind.

Apartments in Thiruvalla

Thiruvalla, which has earned the moniker the ‘Land of the NRIs’ is situated on the banks of the Pamba and Manimala rivers. With a paucity of suitable homes for the cream of the society, there was a glaring need for luxury flats in Thiruvalla. The blissful Artech Kaazhcha apartments offer an inspiring mix of high-end comfort and luxury.



The information provided on this website is meant for general guidance. Though we have taken utmost care on the accuracy of the contents, the customer should make an autonomous assessment of the contents. However, the prospective buyers should rely upon the terms and conditions of the sale and construction agreement between the Builder and the Client.

The visuals of the projects symbolize artistic impression only. The information contained herein including the fittings, finishes, features, floor size and color etc. in the visuals are subject to change. However, the plans & specifications indicated in the Builder and Client agreements are final and we have not authorized anyone to make any oral commitments or promises on our behalf in regard to the plans and specifications of the apartments/projects.

For any clarification please feel free to call +91 9847 600 600 or walk into our offices. Our representatives will always be at your service.