Buying a home was never an easy decision for many. Considering that a home is an investment for a lifetime, many aspects factor in when making the purchase. And now, it would be an understatement to say that the COVID pandemic has changed the world of real estate. It has deeply impacted the way people view their homes, and in extension, the purchase of property. As vaccinations roll out, and cures seem closer than before, the world finally seems to clinging on to ropes of hope.
However, uncertainty still looms large over us all in terms of work, schools, transport, it is only obvious that home buyers change their views of buying homes. It is safe to say that the pandemic has swayed the way real estate is bought, without dips in numbers. With work no longer being a reason to keep professionals living in cities, home buyers are viewing owning a property very differently from two years ago. As drastic and unpredicted changes become the new normal, we are chalking down 5 things a home buyer would have in mind when looking to buy a flat in the post-COVID era.
The pandemic may have temporarily moved people away from the buzzing hearts of cities, but it isnt anywhere close to removing the excitement of a city from people. Big corporations once seemed to reap the benefits of remote working. Not only were they enjoying increased productivity, they also saved significantly on office infrastructure costs. But as the novelty of working from home wore off, and the carefully constructed lines between work and home life blurred, many professionals cannot wait to get back to office. Though living away from cities may be a preference for few, it is not an idea everybody loves. Cities still have the advantage when it comes to reputed educational institutions, lifestyle and health infrastructure, ease of living and more. This is not to suggest that smaller towns and villages aren’t ideal, but that the investment people make in real estate in cities isn’t going anywhere.
That said, location is still an important factor to keep in mind when investing in a property. Unlike before the pandemic, there is now a larger divide between home buyers investing in cities and elsewhere. Remote working may remain an option for many, but for those it may not, it is important to carefully choose the location of their new home. Keep in mind proximity to schools, work place, health and lifestyle infrastructure in that order.
Remote working, if not all days of the week, is still a possibility for many. When buying a flat, make sure that the home utilizes space well. Smartly designed homes that have dedicated spaces for your everyday life would be a good investment. It is good to know that a large home doesn’t necessarily use space well, and that a small home can also be smartly designed to utilize the available space. Before you are handed over your home, request the builder or interior designer to furnish your home to accommodate your work and recreational areas with clear boundaries. Also, now that we will all be spending more time at home, it would be a good idea to choose homes with large windows for good ventilation.
City or town, when choosing your dream home, go with an integrated township that offers multiple amenities. Going out may not be a safe option anytime soon, so an integrated township that can take your mind off work stress and offer the distraction of going out is a great option to consider. Choose homes that include amenities that promote your physical and mental well-being. A garden, gyms, swimming pool, pathways are all significant add ons to keep in mind when buying a home.
The idea of space has radically evolved and undergone many changes since the onset of the pandemic. For some it could mean aesthetically decorated interiors, and for some it could mean the luxury of outdoor spaces. Being home for prolonged hours can make one yearn for outdoor spaces. So take time to research the project you are looking to invest in for its space management. Make sure there is sufficient space between the various blocks of the development. Outdoor amenities like gardens, swimming pools, play areas, and walking paths can help you enjoy a stress-free everyday life.
It is now more important to invest in flats for sale from reputed builders. This especially makes sense if you choose to book an under-construction home. Though the government has allowed in-situ construction to continue during lockdowns, only reputed builders can withstand the financial strain. Even if you go for a ready-to-move-in home, the legalities during these times of crisis are difficult to handle. So it would be safe when you are receiving your home from a real estate company that knows the ins and outs of documentation processes.
Though it would be wise to postpone site visits given the situation, if you are looking to buy homes or flats for sale anytime soon, take the utmost care when stepping out. Wear a mask and always sanitize for your own safety and that of the others.
