ICICI Property Search

How many times should you visit a property before you choose?

5 home truths that you must consider

ICICI Home Search

Before you shortlist the homes you love, and the one you finally choose, you will likely make multiple visits to multiple properties. Homebuyers usually report making 4-6 visits before finalising the decision, some alone, some with family, and some with their realtor/broker.

But visiting a property more than once only helps if you have a clear idea what you should achieve with each visit. Here is one way to structure your home buying journey:

1. Visit 1: The Vibe

When you are visiting multiple properties in one day, either alone or with your spouse.

Many homebuyers say that the first time they visit a home, the most important takeaway is the ‘feeling’ they get about the place. Especially if you are visiting multiple properties on one day, you will be able to eliminate some because they don’t ‘feel’ right.

Ask yourself- is this property the kind you could someday call ‘home’? The kind of place you imagined living in at this stage of your life? Is it in a locality that you would want your home to be in? Are the people you run into coming in and out of elevators or in the parking lot, the kind of people you would want as your neighbours?

2. Visit 2 and 3: The Future Prospects

After one round of shortlisting, when you are visiting fewer properties but spending more time at each.

With a ready-to-move-in property, it can be easier to assess the state of your future neighbourhood, in terms of proximity to schools, grocery stores, hospitals, cinemas, etc. But for an under-construction home, it can be a few years until you get possession of your home, so you need an expert to help you predict what your society and locality will look like in a few years.

With ICICI Property Search, you have a dedicated property expert at your side at every stage of your home buying journey. This expert comes with years of real estate experience and is familiar with the locality in which you live- how much construction has happened, what traffic is like, what kind of restaurants are around and how long they have been there for, what are the closest hospitals, what are the favourite hang-out spots, how safe it is, etc.

3. Visit 4 and 5: The Perspectives

When you can get the family together for an extended visit to the 2-3 shortlisted properties.

Your parents will provide you with very helpful inputs on how to shortlist a property; they have experience in running a household and raising children and will definitely notice things you or your spouse may not- be it storage options, frequency of electrical fitments, water flow, or how culturally active the society is. But it’s also important to take your children along.

You may even benefit from taking your siblings and/or close friends who are closer to you in age and can share interesting perspectives on choosing your future home.

By visiting more than once, you yourself will start to notice things you may have missed before. It’s important to carry a notepad and make notes of your observations for comparison later on.

4. Across Visits: The Times of Day

Visiting the same property at different times of day helps in two ways- first, you get a holistic idea of the traffic situation, and secondly, you can get a better idea of what it’s like to live there.

The traffic situation can be properly assessed if you consider these different situations: to test the traffic during your regular commute, on weekends, during major celebrations (Like Ganesh Chaturthi in Mumbai, or Durga Puja in Delhi or Kolkata), during major weather upheavals (Like the monsoons in Mumbai) and during pick-up and drop times for your child (from schools).

Another benefit of visiting at different times of the day like early morning on a weekday, mid-day on a weekend or evening time on a Friday, is that you can discover how the house feels when the sun is up and down. Do the streets feel deserted, or are they well lit? Do a lot of people visit your neighbours, or is there not too much socialising? Are kids playing within the society, or at nearby parks? All these things can help you visualise how comforting your new home can really be.

5. Across Visits: The Hidden Quirks

Very often, there are things about a house you will only discover once you start living there. Some of these things could be good, like hidden niches and storage spaces, but others can be problematic. Common problems include a tendency for water leakage, extra noise due to closeness to railroad, or highways, or even long periods of non-availability of water or electricity. One way to discover these things would be to visit the place at different times of the day and the week, and the second would be to speak to your neighbours and your dedicated property expert from ICICI Property Search.

It may be possible to combine some of the above visits but note the time of day, weather and day of the week when you view the home with your dedicated property expert and try to go by the property on other times/days to get a full understanding of the life you are signing up for. Good luck and congratulations on making this decision!

Articles

Buying Vs Renting a House

2020-03-06
Buying Vs Renting a House
Author:
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ICICI Home Search
Before you shortlist the homes you love, and the one you finally choose, you will likely make multiple visits to multiple properties. Homebuyers usually report making 4-6 visits before finalising the decision, some alone, some with family, and some with their realtor/broker. But visiting a property more than once only helps if you have a clear idea what you should achieve with each visit. Here is one way to structure your home buying journey: 1. Visit 1: The Vibe When you are visiting multiple properties in one day, either alone or with your spouse. Many homebuyers say that the first time they visit a home, the most important takeaway is the ‘feeling’ they get about the place. Especially if you are visiting multiple properties on one day, you will be able to eliminate some because they don’t ‘feel’ right. Ask yourself- is this property the kind you could someday call ‘home’? The kind of place you imagined living in at this stage of your life? Is it in a locality that you would want your home to be in? Are the people you run into coming in and out of elevators or in the parking lot, the kind of people you would want as your neighbours? 2. Visit 2 and 3: The Future Prospects After one round of shortlisting, when you are visiting fewer properties but spending more time at each. With a ready-to-move-in property, it can be easier to assess the state of your future neighbourhood, in terms of proximity to schools, grocery stores, hospitals, cinemas, etc. But for an under-construction home, it can be a few years until you get possession of your home, so you need an expert to help you predict what your society and locality will look like in a few years. With ICICI Property Search, you have a dedicated property expert at your side at every stage of your home buying journey. This expert comes with years of real estate experience and is familiar with the locality in which you live- how much construction has happened, what traffic is like, what kind of restaurants are around and how long they have been there for, what are the closest hospitals, what are the favourite hang-out spots, how safe it is, etc. 3. Visit 4 and 5: The Perspectives When you can get the family together for an extended visit to the 2-3 shortlisted properties. Your parents will provide you with very helpful inputs on how to shortlist a property; they have experience in running a household and raising children and will definitely notice things you or your spouse may not- be it storage options, frequency of electrical fitments, water flow, or how culturally active the society is. But it’s also important to take your children along. You may even benefit from taking your siblings and/or close friends who are closer to you in age and can share interesting perspectives on choosing your future home. By visiting more than once, you yourself will start to notice things you may have missed before. It’s important to carry a notepad and make notes of your observations for comparison later on. 4. Across Visits: The Times of Day Visiting the same property at different times of day helps in two ways- first, you get a holistic idea of the traffic situation, and secondly, you can get a better idea of what it’s like to live there. The traffic situation can be properly assessed if you consider these different situations: to test the traffic during your regular commute, on weekends, during major celebrations (Like Ganesh Chaturthi in Mumbai, or Durga Puja in Delhi or Kolkata), during major weather upheavals (Like the monsoons in Mumbai) and during pick-up and drop times for your child (from schools). Another benefit of visiting at different times of the day like early morning on a weekday, mid-day on a weekend or evening time on a Friday, is that you can discover how the house feels when the sun is up and down. Do the streets feel deserted, or are they well lit? Do a lot of people visit your neighbours, or is there not too much socialising? Are kids playing within the society, or at nearby parks? All these things can help you visualise how comforting your new home can really be. 5. Across Visits: The Hidden Quirks Very often, there are things about a house you will only discover once you start living there. Some of these things could be good, like hidden niches and storage spaces, but others can be problematic. Common problems include a tendency for water leakage, extra noise due to closeness to railroad, or highways, or even long periods of non-availability of water or electricity. One way to discover these things would be to visit the place at different times of the day and the week, and the second would be to speak to your neighbours and your dedicated property expert from ICICI Property Search. It may be possible to combine some of the above visits but note the time of day, weather and day of the week when you view the home with your dedicated property expert and try to go by the property on other times/days to get a full understanding of the life you are signing up for. Good luck and congratulations on making this decision!