{"id":2128,"date":"2022-04-05T05:30:13","date_gmt":"2022-04-05T05:30:13","guid":{"rendered":"https:\/\/www.surfindia.com\/blog\/?p=2128"},"modified":"2023-01-20T06:04:30","modified_gmt":"2023-01-20T06:04:30","slug":"10-important-factors-to-consider-when-buying-a-new-house-or-property","status":"publish","type":"post","link":"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/","title":{"rendered":"10 Important Factors to Consider when Buying a New House or Property"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#1_Budget\" title=\"1. Budget\">1. Budget<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#2_Property_Location\" title=\"2. Property Location\">2. Property Location<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#3_Goodwill_of_Builder\" title=\"3. Goodwill of Builder\">3. Goodwill of Builder<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#4_Amenities\" title=\"4. Amenities\">4. Amenities<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#5_Construction_Quality\" title=\"5. Construction Quality\">5. Construction Quality<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#6_Additional_Charges\" title=\"6. Additional Charges\">6. Additional Charges<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#7_Resale_and_Rental_Value\" title=\"7. Resale and Rental Value\">7. Resale and Rental Value<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#8_Legal_Check_of_Property\" title=\"8. Legal Check of Property\">8. Legal Check of Property<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#9_Important_Documents\" title=\"9. Important Documents\">9. Important Documents<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#10_Reputed_Moving_Company\" title=\"10. Reputed Moving Company\">10. Reputed Moving Company<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#Frequently_Asked_Questions_FAQs_-_Important_Factors_to_Consider_when_Buying_New_Property\" title=\"Frequently Asked Questions (FAQs) \u2013 Important Factors to Consider when Buying New Property\">Frequently Asked Questions (FAQs) \u2013 Important Factors to Consider when Buying New Property<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#1_What_is_the_best_way_to_buy_a_new_house\" title=\"1. What is the best way to buy a new house?\">1. What is the best way to buy a new house?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#2_How_do_I_prepare_to_move_into_my_new_home\" title=\"2. How do I prepare to move into my new home?\">2. How do I prepare to move into my new home?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#3_What_to_look_for_before_buying_a_property\" title=\"3. What to look for before buying a property?\">3. What to look for before buying a property?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#4_What_questions_to_ask_when_buying_a_flat\" title=\"4. What questions to ask when buying a flat?\">4. What questions to ask when buying a flat?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.surfindia.com\/blog\/10-important-factors-to-consider-when-buying-a-new-house-or-property\/#5_How_do_I_verify_packers_and_movers_to_relocate_to_a_new_flat\" title=\"5. How do I verify packers and movers to relocate to a new flat?\">5. How do I verify packers and movers to relocate to a new flat?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\">So you are planning to buy property for the first time? But, you have no idea where to start? You do not have to worry as we have all the details you need to know before investing in property. So, keep all these points in mind and only then decide to call in the professionals for <a href=\"https:\/\/www.surfindia.com\/packers-and-movers\/packing-and-unpacking\" target=\"_blank\" rel=\"noopener\">packing and unpacking<\/a>. So, here we have some essential things to consider when buying a new house in India.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Budget\"><\/span>1. Budget<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2279 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Budget.jpg\" alt=\"Budget\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Budget.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Budget-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">Before buying a new house or a property, you must plan a proper budget to know how much money will be required when buying your house. It is important to know if you are also financially ready to purchase a new home. So, before buying one, you should also consider financial obligations such as car or education loan repayment, etc.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Property_Location\"><\/span>2. Property Location<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2285 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Property-Location.jpg\" alt=\"Property Location\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Property-Location.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Property-Location-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">Another important aspect to keep in mind when looking when you want to buy a new property is the location. If possible, look for a location near the prime city as the houses or flats around that area will not be very high. Before finalizing a location, you must also make sure that the chosen location is convenient for every family member. Ensure that your office or your children&#8217;s school or college is not very far from your new home. Don&#8217;t also forget to check if the location is safe to reside in. You must also know if there are transport facilities such as metro, bus, taxi, etc., available to commute to your work, reputed school nearby for your children, hospital and shopping complexes.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Goodwill_of_Builder\"><\/span>3. Goodwill of Builder<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2281 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Goodwill-of-Builder.jpg\" alt=\"Goodwill of Builder\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Goodwill-of-Builder.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Goodwill-of-Builder-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">An important factor to consider before investing in a property is to thoroughly research the builder of the property you are planning to buy. You can visit the builder&#8217;s website and read their history or go through the reviews of the builder given by previous clients. You can also go through the upcoming projects to know the builder&#8217;s credibility. It is an important step to research the builder&#8217;s reputation before purchasing a house or a flat from them.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Amenities\"><\/span>4. Amenities<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2278 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Amenities.jpg\" alt=\"Amenities\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Amenities.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Amenities-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">Before buying the property, you must always check for the amenities you will get. If you are planning to buy a property, check the power backup facility, gym, general store, parking area, elevators, swimming pool, etc. You or someone in your family may require these things, so it&#8217;s important to check for them.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Construction_Quality\"><\/span>5. Construction Quality<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2280 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Construction-Quality.jpg\" alt=\"Construction Quality\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Construction-Quality.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Construction-Quality-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">It is important to know the quality of the construction done to build the house or flat you are interested in buying. So, before finalizing the deal, you should go to the property site and inspect the area. Inspect the quality of the paint, walls, flooring, bathroom fitting, frames of windows, etc. If the site is still under construction, you can head to another property by the same builder to know about the builder&#8217;s construction work quality. You can also do some research regarding this online.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Additional_Charges\"><\/span>6. Additional Charges<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2277 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Additional-Charges.jpg\" alt=\"Additional Charges\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Additional-Charges.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Additional-Charges-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">When buying a property, you must read all the documents related to it carefully and ensure that there are no hidden charges. You must also consider the charges or fees of mortgage brokers, notaries or lawyers, etc. Ask about the maintenance fees for your property.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Resale_and_Rental_Value\"><\/span>7. Resale and Rental Value<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2287 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Resale-and-Rental-Value.jpg\" alt=\"Resale and Rental Value\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Resale-and-Rental-Value.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Resale-and-Rental-Value-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">Often, people do not consider the resale or rental value of the property and purchase one only based on the locality and amenities offered. But, the resale value is also an important aspect to consider when you are looking to buy a property. If you ever plan to resale or rent the property you buy, it&#8217;s worth considering its resale value.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Legal_Check_of_Property\"><\/span>8. Legal Check of Property<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2284 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Legal-Check-of-Property.jpg\" alt=\"Legal Check of Property\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Legal-Check-of-Property.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Legal-Check-of-Property-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">Buying a property requires some crucial documents that you will have to obtain from the builder or submit. Documents that may be necessary include NOC (no objection certificate), a title deed, property tax receipts, general power of attorney, allotment letter, loan papers, identity proof, etc.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Important_Documents\"><\/span>9. Important Documents<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2282 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Important-Documents.jpg\" alt=\"Important Documents\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Important-Documents.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Important-Documents-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">Buying a property requires some important documents that you will have to obtain from the builder or submit to them. Documents that may be required include NOC (no objection certificate), a title deed, property tax receipts, general power of attorney, allotment letter, loan papers, identity proof, etc.<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Reputed_Moving_Company\"><\/span>10. Reputed Moving Company<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-2286 aligncenter\" src=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Reputed-Moving-Company.jpg\" alt=\"Reputed Moving Company\" width=\"600\" height=\"425\" srcset=\"https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Reputed-Moving-Company.jpg 600w, https:\/\/www.surfindia.com\/blog\/wp-content\/uploads\/2022\/04\/Reputed-Moving-Company-300x213.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n<p style=\"text-align: justify;\">After you have purchased the flat or house, you will want to move to the new location. So, you must search for a good moving company that provides <a href=\"https:\/\/www.surfindia.com\/packers-and-movers\/lucknow\" target=\"_blank\" rel=\"noopener\">packers and movers in Lucknow<\/a>, Pune, Noida, Delhi NCR, or any city where you are moving. So, research for some reputed companies with a lot of experience in the transport market. You must go through their ratings and reviews online.<\/p>\n<p>&nbsp;<\/p>\n<div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs_-_Important_Factors_to_Consider_when_Buying_New_Property\"><\/span>Frequently Asked Questions (FAQs) \u2013 Important Factors to Consider when Buying New Property<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_the_best_way_to_buy_a_new_house\"><\/span>1. What is the best way to buy a new house?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<div>\n<p>Knowing if you are financially ready to buy a new home and set a budget is first. Find a house close to good schools, marketplaces, hospitals, etc.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"2_How_do_I_prepare_to_move_into_my_new_home\"><\/span>2. How do I prepare to move into my new home?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<div>\n<p>You must find a good packers and movers company, get moving insurance, research the weather, and then set a moving date.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"3_What_to_look_for_before_buying_a_property\"><\/span>3. What to look for before buying a property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<div>\n<p>Before buying a property, check the location, infrastructure of the property, quality of the construction, and know about the builder.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"4_What_questions_to_ask_when_buying_a_flat\"><\/span>4. What questions to ask when buying a flat?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<div>\n<p>You can ask about the payment plans, completion of the projection, if the property is still under construction, etc.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"5_How_do_I_verify_packers_and_movers_to_relocate_to_a_new_flat\"><\/span>5. How do I verify packers and movers to relocate to a new flat?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<div>\n<p>Get quotes from various relocation companies, avoid the ones with very low cost, and check the moving company&#8217;s history.<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>So you are planning to buy property for the first time? But, you have no idea where to start? You [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 Important Factors to Consider when Buying a New House or Property - Surf India Official Blog | Surfindia.com<\/title>\n<meta name=\"description\" content=\"So you are planning to buy property for the first time? But, you have no idea where to start? 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