
When
you buy a house, you look for happiness, comfort, prosperity, beauty,
success, respect and many other qualities in a single home. It is quite
difficult to get all these facilities at a single site. But you should
definitely go through the location, surroundings, environment,
accessibility, etc to find the most suitable residential property be it an
apartment, a bungalow or an independent house.
Residential properties can be bought or built in a large variety of
configurations. The basic division of residential dwellings is between
detached ( free-standing) dwellings and various types of attached dwellings.
The detached homes vary vastly in scale and amount of accommodation
provided. In the same way, multi-unit housing or attached home also varies
in scale and levels of appointment. Though a variety of types exist with
different names yet a lot of them differ only in terms of style rather than
spatial arrangement and scale.
| Detached Properties:
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Attached Properties:
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Before Buying a Home
Prior to the investment in a home, a person should think carefully upon
certain points. Home investment is a life time investment and once done it
serves your several generations. Also it requires handsome amount so it is
wise to examine before investing in a home. Every person must follow certain
guidelines before making any such decisions.
- Size of Family: The size of your family plays an important
role in deciding the type of house you buy. If you are living in a joint
family then a separate house, like bungalow, row house, farmhouse,
independent house would be a better option. If you have a small family
then properties, like apartments, builder floor, etc will suit you.
- Age of Family Members: The ages of different family members
should be kept in mind before making any decisions. If your parents or
grandparents are living with you then in that case a residential
bungalow would be the best choice because they are single-storey and
best for the people with reduced mobility.
- Your Budget: Buying a residential property mainly depend on
the budget of a person. If you don't want to spend a lot then a simple
apartment would be better for you. If you want big properties and that
too at a low price then a farmhouse at the outskirts of city would be
the best choice. Penthouses, Holiday bungalows, etc are specially made
for the higher class, which are capable of spending a handsome money.
- Tax Planning: One residential property for one person is
totally exempted from wealth tax without any limit. So in view of tax
planning, you must ensure that you own a single residential house. If
you are planning to buy several residential properties then you should
buy them on the name of your family members which don't own any
property.