Imagine this scene – after years of waiting, you finally obtain possession of your home. You hosted a great housewarming party. But now suddenly the size of your new home feels too small. Worried?
From the budget to the location to the developer – buying a home involves several factors. However, focusing on the right size of the home, often, gets pushed to the back burner. So, if you are puzzled and wondering what size of the property is ideal for you, then let RoofandFloor assist you.
Here are a few tips that will guide you to decide the right size for your property and help you make the most of your investment.
Family size
The space required by a family is the first factor to consider coupled with factors such as family size and the age of children. While families with teenagers and adults prefer separate rooms, joint families prefer 3-4BHK apartments. If you have any plans to expand your family, opting for a bigger apartment will be the right move for you.
While deciding the ideal size of your property, contemplate whether you have frequent guests staying over. For those, you would require an additional room to avoid any discomfort.
Requirements of your family
If a certain member of your family needs additional space, like an extra wide hallway for the children, you need to opt for a bigger home. Select a home that suits the need of every member of your family.
Think long-term
While determining the size of your property, select the one where people can stay for several years. Purchasing and moving into a new house is a time-consuming and tiresome task, and adds up significantly towards costs. Hence going for the long haul is highly recommended.
Market absorption rate
If you are buying for the purpose of investment, determining the size of the property that is absorbed quickly in the market is very crucial. Conduct thorough market research and find out which property type gets sold quickly in the market.
Is your property in demand?
Being an investor, set your target to a particular section of buyers and purchase accordingly. Make sure you invest in a property that is acceptable to targeted users and is in demand. It is also important to decide what time you are willing to hold on to a property so that you can sell it off when the time calls.
Still confused about which BHK to buy? Don’t worry. Here’s a comparative analysis of 1,2, and 3BHK units that will help you make an informed decision.
thanks for sharing the good information.