Top 3 Factors to Consider While Selecting A Residential Flat

It is very common to see new real estate projects coming up every month in every city in India. Real estate developers are trying to take advantage of the growing need for residential space by developing new projects at different-different locations. 

The land is limited, and so is space to build a residential building to accommodate such a vast population. For instance, in order to get around with the issue, a large number of property builders are investing in vertically rising affordable flats in Jaipur to create more space within the limited grounds.  However, not every real-estate company takes care of the quality of construction or other factors that may affect the people living in the apartments. 

Therefore, it is essential to look after a few factors while purchasing any property. It is time for the users to become aware and make smart decisions while buying a property. Apart from good scenic views, there are multiple other factors that one should consider before buying a residential flat in a newly built residential complex.

Top 3 factors that can affect the profitability of your choice are: 

1. Monetary returns

A lot of people out there see property as the most beneficial investment area for both short- and long-term investment returns. Currently, property investment specialists believe that in coming times, people would voluntarily invest in properties like mid-range flats to mint increased market gains during the upcoming market boom. Property surveys have found that in a high-rise residential construct, flats situated near the ground hold much higher return value than compared to higher floors. 

2. Privacy and Security

While lower floor areas bring great investment returns, people living at these flats often miss out on important considerations like privacy and security benefits. People living on ground floors often stay accessible to increased risk and other disturbing social elements as compared to residents living on higher floors if the security measures are not adequate. So, ensure that you buy only those flats with appropriate security measures. 

3. Ease of Access

Although modern residential complexes are well-heeled with modern amenities and maintenance, there are still high chances that even the slightest technical fault would cause large scale implications for the people living on top floors. If the family has young children or elderly parents, buying a residential apartment at higher floors can be noticeably hurtful and challenging. So, one must consider the ease of use before buying any flat or property.

Buying a house is one of the biggest decisions in someone’s life. Please remember that this list is not exhaustive and there are some other factors that are also essential like location, apartment possession, land record etc. Analyse every factor that is important according to your specific requirement.