During the purchase of a house or apartment, it is common for us to fall into a kind of crush that does not allow us to see the inconveniences that the chosen property could have. Are you not putting your savings and assets at risk? You are not alone. We are all afraid of buying a home for the first time. However, buying luxury apartments in Mumbai should not be a challenging task if you strictly follow some guidelines. These recommendations are simple, but relevant.

Find out about the property developer you want

What are their values? What have they done before? How do their past projects currently look and hold up? What information you find about the company in social networks, forums, and media? Do you significantly know someone who has invested with them, what was their experience? We even recommend taking a tour of its buildings, hotels, or previously built neighborhoods.

Get acquainted with the neighborhood

Visit your future neighborhood on a Sunday, walk its streets, stop to buy an ice cream, and continue to the nearest park. Observe everything that is close to your future property – commercial premises, squares, neighbors and pay attention to the environment. Remember that you are not actually moving to a new residence, but rather being part of a community. If you are not comfortable, you may need to reassess your options.

Consider your workplace

How long does it take you to get to your office? How long does it take to return home? Unless you enjoy the roadblock, try to find housing alternatives close to your work. Save time and invest it in better activities, like finally going to the yoga class you have put off for so long. There are areas and neighborhoods that, due to their cultural, historical, or geographical value, have important and exclusive economic incentives.

Evaluate Accessibility

It is not just about living close to work, so you do not waste time in traffic, but how easy it is to get around in and out of the neighborhood without having to get your car out at all. How close are the metro and bus stations? Is urban planning in the area pedestrian and cyclist friendly? Mumbai is India’s fastest and largest growing real estate investment state. You need to find the right property to invest. Buying a house in Mumbai is more than owning your dream property, but a lifetime investment.

Be honest about your budget

Consider that apart from the interest rate and mortgage, you will probably also have to set aside money to furnish your new home and, depending on the type of project you are going to live in, pay a monthly maintenance and parking fee.

Reflect on the future appreciation

Perhaps at the end of a few years you will move to another city, state, or country. The price of your property at that time will depend a lot on the value of your neighborhood. Sure, the market is variable and can change suddenly, but there are areas that represent a much wiser financial investment compared to others due to their location, proximity to public transport stations or points of general and tourist interest.

Adaptability, design, and distribution of the space

Ceiling height, fluidity, number of windows, floor material, and ease of rearranging furniture within your space, all these are relevant characteristics that influence your satisfaction, comfort, and investment. Do not underestimate them. Understanding the basic amenities is important. Does the property have a swimming pool, a theatre, a jogging court, mini-market, 24 hours security monitoring, a play-zone, emergency light, etc.?

When choosing a house you must consider the physical condition of the property, to the legal aspects that will allow you to know if the house of your dreams corresponds to your housing needs and budget.