When you’re looking to invest in a new home, it’s important to look beyond the layout, design and interiors. While the spaciousness and elegance of your home is the key to a comfortable and enjoyable lifestyle, the value of your home is largely dependent on the worth of the residential project and the features of the neighbourhood.
Here are 5 neighbourhood features that increase the value of your home:
Location:A good location is all-important when it comes to home investment. Access to good roads, public transit systems, hospitals, schools, employment hubs, shopping malls, multiplexes, restaurants and cafés, can significantly up the value of your home.
Infrastructure:The roads, flyovers, commercial and residential projects, recreational facilities and the like, add to the infrastructural quotient of a neighbourhood. You may also want to look at the plans for future development of the area to assess the investment potential of your home.
Safety:The safety of a neighbourhood translates into clean, well-maintained and well-lit roads, a low crime rate, and general security provisions like gated entrances and CCTV surveillance. Make sure you’re investing in a neighbourhood that is known to be relatively safe.
Amenities:Look for a wide range of social, civic and lifestyle amenities in and around your residential complex. A swimming pool, sports facilities, schools, healthcare centres, shopping malls, office complexes, well-planned residential projects, etc. are all the neighbourhood amenities that add to the value of your home.
Sense of community:A good neighbourhood can be recognized by the sense of community that it enables among its residents. The residents should feel well-settled, with all their everyday needs taken care of in an organized manner.