The most common misconception about villas is that they cost a fortune. But if you look at the prices of Coimbatore villa projects in the market these days, you will quickly see that there is a wide range available and that the villas don’t have to be expensive to be beautiful. The affordability of residential real estate in this city is among the reasons why many investors and homebuyers are interested in owning luxurious independent homes here.
But like in any investment property, price is not everything when buying a villa. Many other important factors must be carefully considered before you can determine that a property is worth investing in. If you are currently evaluating several Coimbatore villa projects then you should ask the following questions.
Is it in an ideal location?
If you are planning to rent out the house, then you have to choose a villa that meets your market’s needs. Before you get caught up in the number of bedrooms and the interior design, your main concern should be its location. After all, location is impossible to change. An ideal home for most tenants offers accessibility, close proximity to city establishments, schools, and recreational spaces.
Who is the builder?
You want to make sure that you are giving your hard-earned money to a trustworthy builder, not a fly-by-night company that will flee when trouble comes. So always check the reputation of the builder, developer, and promoter of Coimbatore villa projects that you are interested in. Look into their previous projects and other ongoing projects. See if they are affiliated with any industry organisations and speak to their references.
Does the builder have a warranty program?
Under the RERA Act, developers are required to provide 5 years of warranty that buyers can use in case of structural damage or defects. The builder should always have a warranty program included in their purchase agreements. You must understand, though, that the coverage of the warranty and other specifics will vary. That’s why it is important to read through the warranty paperwork.