Home Buying Tip: Know Your Neighborhood Online Before Investing
By Magnolia | Jul 9, 2020
The importance of a good neighbourhood has been more emphasized during the pandemic. People are staying away from their family and loved ones for a long time. In this time of crisis, neighbours became the most reliable source for help. Indians share a great bond with their neighbours. Studies found that most Indians would entrust their immediate neighbour to receive a delivery in their absence, rather than propose an alternative address.
Magnolia Merlion is offering 2/3 BHK flats in their residential project in New Town which is known to be a very peaceful neighbourhood. In this smart city of Kolkata, there is no dearth of public transport, well-lit wide streets and basic and luxury amenities that are making life smooth and happening for its residents.
The Covid19 pandemic has hit the real estate sector severely. People who were considering investing in real estate, are forced to take a step back. As the lockdown kept all of us confined in our home, visiting construction sites and localities before selecting a flat also seemed to be impossible. As the economy is slowly opening up, you can resume the home hunting procedure again. However, in order to maintain the social distancing protocols, our dependency on the internet will continue to grow. In this digital era, you can do your research about the locality and neighbourhood without visiting the actual site.
Take help from Google:
Google map can help you check the road network, markets, schools, banks, ATMs, hospitals etc. around your desired home with distance. Increase the zoom level to get a better clarity about a locality and the nearby places. Google map also helps you to plan the favourable commute that gives a better understanding of travel time to a particular destination. Check out the look and feel of the neighbourhood through Google Earth, an excellent tool that will let you know about the building types and congestion levels through photographs taken by local users.
Dig into social media:
In the digital era, the easiest way to know about people is through social media. Follow the community pages or join the virtual groups on social media and browse through the posts to evaluate the issues and topics discussed by the people. Residential societies often create their own social profiles from where you may know the pain areas of the locality. You can be quite aware of the quality of schools, entertainment options and other lifestyle factors from here. Also, read the reviews for the developers on social platforms to have a better idea if they can be trusted.
Browse property portals:
Neighbourhood often determines the price of a property. Before investing, it is always advisable to look at current home prices in a neighbourhood and compare it with yours. Browsing through some renowned online portals and real estate listings in the same location, you can have a detailed idea of the area and what facilities you are going to enjoy there. You can understand the nitty-gritty of the home buying process and liveability score which will tell you how your life will be in your new home. Families, young couples and bachelors have different lifestyle choices. These websites publish in-depth analysis, articles and tips that will help you to choose a home suitable for you.
Read the e-papers:
Real estate issues catch the attention of the media very fast. Almost all newspapers have their e-paper available online from where you can know about the local news. Ongoing issues, land disputes, crime rates of a locality should be well considered before investing in a home which is a matter of a lifetime. Try to find the data about the crime rate in that locality which will give you a clearer picture. There are certain mobile apps that will give you more detailed information about the crime rates in a location and also help you to take action through alerts and notifications.
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