'Agreed that you need to research deeply till you land upon the dream property, but what should be the ideal stance once you have finalized the property and got its possession too?' - The same thought struck my mind when I found that my flat looked quite different from what the sample flat was. What I was given was a four walls and ceiling and, minus all the accessories that the catalog displayed, my house lacked miserably in the hotness quotient. Is this what they call 'hot' property? And the whole idea of spending so much on the flat started looking like a complete sham to me. What was that I needed to do to make my house the most comfortable place to live in?'
- The answer lies in improving the quality of life after occupancy.
Why is it important to invest in property after possession expenses? Is it not the responsibility of my builder to provide the house in the same form as we see in our dreams? Sometimes, it is. Sometimes, it is not. So, the first thing worth working upon is what can be done to improve the living standard once the property is finalized. Considering the example where the property is located in a multi-dwelling unit, one needs to find out how the building or the residential society is being managed and how it is working towards the uplifting of the living styles of the home owners.
It is not the matter of politics, but pure commitment when it comes to working for the improvement of the lifestyle. Thus, the property development, if exposed to, dirty politics, may result into nothing but a nightmarish experience. So, as a homeowner, it is the duty of every resident to take keen interest in society maintenance matters and give those their hundred percent in terms of fruitful ideas, feasible execution plans and efforts within legalized framework.
So, first things first! The very first priority is security of the building. Is it in safe and competent hands? Are the security agencies verified and legally approved? Is there any lapse in their way of working that requires immediate attention? These are some of the questions one should get answered before declaring the property to be well-managed. Manicured gardens, properly planned parking spaces, etc are not something extraordinary to expect. So, if a builder tries to squeeze out some extra premium on the basis of these features, he needs to be given a reality check undoubtedly.
Now, let's move into the portion of building, that you actually own, i.e. your house. Internally your house can allow you living a comfortable life preferably if it has all the state-of-the-art appliances installed and you are well aware of the their quality, guarantees/warranties, maintenance interval etc. Similarly externally your house can allow you a comfortable life only if you are aware of all the external services and installed equipments along with their basic/ detailed knowhow of working, quality parameters etc. you can hold the builder or maintenance office accountable for any untimely maintenance call. Having all the necessary education about the systems and setups and the role of society in ensuring their correct working can help you save on lots of money every year and transforming your life from misery to luxury. So, find out the way where you can learn all about these factors of a luxurious living.
A residential association can be of great help whenever any major changes are to be made in the building premises. When the residents are determined to change the lifestyle for better, they can support as well as question the association while working on the board. There are a number of issues such as creation of more space for parking, society maintenance issues, CCTVs installations etc that requires coordinated working of the association and the residents. Thus, taking active part in the property development is the only way that guarantees better standard of living and it cannot be achieved by cribbing about the issues only. One needs to be active and aware enough to contribute as a reliable, helping hand. Don't you want to understand and learn how you can put forth your suggestions or become adequately involved in the building development matters? So, learn this very useful aspect of property development from the best resources possible.
A Property Education and Training Initiative such as Property Shiksha does not confine its role only to your acquiring a 'hot' property. Its realms are broadened beyond your imagination and there is something very important to offer to the homeowners too. If you want to bridge the gap between the property you own and the property you deserve, simply join our initiative and find out how you can achieve a cutting edge in your property and make it earn you more rent/equity when required.
