Buying a new house in Thrissur

Buying a new house in Thrissur, a vibrant city in the state of Kerala, India, involves several key steps and considerations. Here’s a guide to help you navigate the process:

• Budget Planning: Determine your budget, including the cost of the house and additional expenses such as registration fees, taxes, and interior decoration. Ensure you have a clear understanding of your financial capability to make an informed decision.
• Location Research: Thrissur offers diverse locations ranging from bustling city areas to more serene outskirts. Consider factors like proximity to work, educational institutions, healthcare facilities, and lifestyle preferences when choosing a location.
• Property Types: Decide on the type of property you’re interested in. Thrissur has a variety of options, from traditional houses to modern apartments and villas. Each type has its own advantages and considerations.
• Legal Verification: This is crucial. Verify the legal status of the property, ensuring it’s free from any litigations or disputes. Check for clear titles, building permits, and adherence to local regulations.
• Site Visits: Visit multiple properties to get a real feel of the space, neighborhood, and amenities. This also helps in comparing different properties.
• Home Loan Options: If you’re considering a home loan, research different banks and financial institutions in India that offer competitive interest rates and favorable terms. Check your eligibility and understand the documentation required.
• Negotiation and Purchase: Once you’ve selected a property, negotiate the price. It’s advisable to involve a real estate agent or a legal advisor to help with the negotiation and purchase process.
• Registration and Documentation: After finalizing the deal, ensure all necessary documents are properly signed and registered. This includes the sale agreement, registration documents, and transfer of ownership.
• Interior Design and Moving In: As you run an eCommerce store specializing in home decor, this is an opportunity to design your new home with products that reflect your personal style and can also showcase your products.
• Maintenance and Upkeep: Consider the long-term maintenance of the property, including regular repairs, property taxes, and other recurring expenses.
• Best places :
• Poonkunnam
• Puzhakkal
• Ayyanthole
• Peringavu
• Koorkenchery
• Viyyur
• Kuriachira

When choosing a new home, understanding the differences between a villa and an apartment can help you make an informed decision. Here are the key differences:

1. Type of Property:
   • Villa: A villa is typically a detached or semi-detached house, often in a suburban or rural setting. It usually comes with its own plot of land.
   • Apartment: An apartment is a unit in a multi-story building, with shared walls and common areas. Apartments are common in urban areas.
2. Space and Privacy:
   • Villa: Villas offer more space, both indoors and outdoors, and greater privacy, as they are separate from other units.
   • Apartment: Apartments usually provide less space than villas and less privacy due to shared walls and common areas.
3. Cost:
   • Villa: Generally, villas are more expensive than apartments. The cost includes not just the building but also the land it’s built on.
   • Apartment: Apartments are often more affordable, making them a popular choice for many city dwellers.
4. Maintenance:
   • Villa: Owners are responsible for all maintenance, both inside and outside the property, including landscaping and repairs.
   • Apartment: Maintenance is often handled by a building management team, with costs shared among all residents.
5. Amenities and Community Living:
   • Villa: While some villas come with amenities like a private garden or pool, they often lack the community amenities found in apartment complexes.
   • Apartment: Apartments often come with shared amenities like a gym, swimming pool, and community halls.
6. Security:
   • Villa: Villas may require additional security measures as they are individual units.
   • Apartment: Apartments typically have enhanced security features, such as security guards, CCTV cameras, and controlled access.
7. Location:
   • Villa: Villas are often located in quieter, less densely populated areas.
   • Apartment: Apartments are usually found in urban or suburban areas, often close to city centers and amenities.
8. Lifestyle:
   • Villa: Offers a more private and independent lifestyle, suitable for those who prefer a quieter environment.
   • Apartment: Ideal for those who enjoy community living and easy access to city life.

Each option has its own advantages and disadvantages. Your choice will depend on your personal preferences, lifestyle, budget, and the kind of community you wish to live in.

Remember, buying a house is a significant investment, so take your time to research thoroughly and make informed decisions. Consider seeking advice from real estate professionals, legal advisors, and financial consultants to guide you through the process.