subject: Buy A Weekend Home Its Much More Than An Escape [print this page] A weekend house is a home away from home and is a trend thats steadily picked up in the last few years. Its not a preserve just of the wealthy lot, but individuals today are now eyeing weekend properties in India as an option for investment as the rate of real estate India is sure to go up in the near future and these kinds of homes serve as a leisure escape from the routine and mundane life in the city. Another reason as to why these weekend homes today have been garnering popularity in the last few yrs is the sheer patience and the amount of money required to buy a house in the metro cities. To invest in buying a weekend house is a cheaper option comparatively and provides the much needed tranquility and peace one craves for, in todays hustle bustle, without having to travel far off. Before you invest in to buying such a property in India, there are certain things that you ought to take care of, thus lets have a look below:
Location: The very basic thing that you ought to always keep in mind, before investing in a weekend home is its location. This is an aspect which will also help in determining the cost of the real estate property to a large extent. The location of the house should ideally be within a close proximity to your main residence so that you dont waste a lot of time in travel. Appealing surroundings would be an added advantage.
Proper check of the background of the agent and the builder: It will reveal to you the quality of various projects that the builder has worked on in the past, plus the kind of different materials he puts to use, his adherence to standards of quality and more.
Security: Sometimes the chances are that such homes are located in locations which are off-beat, thus it makes it very crucial to get a thorough background check about security.
Incumbrance -free property: Its crucial if youre purchasing this real estate in India from a seller/builder who doesnt have a marketable or a vendable title as it could unnecessarily lead to legal hassles and litigation. The property title has to be absolutely clear. Check it up with the office of the registrar if the deed of the sale is in the name of someone else.
Further, in case youre purchasing the home from the builder directly then better keep a check on the following documents:
Allotment letter
Original sale deed
Payment challan
Possession letter
Lease deed (original)
Completion certificate
So an investment in to a weekend home will not only give you a chance to escape the tiring city life for a bit over the weekends, to a place which is not too far but it will also be a great investment as an investment in to real estate at this point of time will reap benefits in the future.
