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How To Choose The Right Home


If you are home hunting and this is your first home, or you are experienced and is looking for a retirement home, the same set of rules applies to balance financial and your requirements. For some home buyers, location is important, but for others the house and its amenities take precedence. Ideally, there are a lot of homes like Redink homes which will suit your budget as well as your home requirements, but that will need a lot of house hunting as per experts at

Here are a few deliberations to make to find that dream house


If you are not sure on how much you want to invest in a home, here is a handy calculator. Traditionally mortgage companies lend loans up to thrice your yearly income. If you are buying home with a partner, then the calculation becomes slightly different as far as mortgages go. They offer loans of about two and a half times the annual salary of the couple. Some companies can lend even more, but the question is not only about getting a loan but also about how to repay it too.

Financial advisors say that repayment money should not exceed 40 percent of your monthly income. If you borrow more than this, you can end up having a nightmarish time financially; you would not want to end up regretting the decision of buying a home. There are numerous mortgage calculators online which can help you figure out the money you can borrow based on your income.

Feasibility of buying a house

You have found a home which you like and is in the budget you have set, but is it a perfect house for you. There are many factors that you have to consider like


What is the neighborhood like, are there any hospitals, parks, supermarkets, restaurants, cinemas around. What is the parking scene, is your home too close to these facilities and hence have a parking problem due to it?


If you have a family with kids or about to start a family, check out the schools available around your prospective home.

Ease of access:

How easy is it to reach your home from work. Is there public transport facility available near your house?


Look around the vicinity of the house to see if there is anything that can create noise, like a pub whose sound can wake you in the middle of the night.

Crime rate:

Check with the local police on the crime rate in the area where you have selected a house. You would not want to buy a house where you want to worry about the safety of your family and yourself.

Compare prices
You can get an idea of the actual value of the property by checking out other properties in that area. You can also check online for competitor prices and get a sense whether what you are paying is around the market price or not. Some projects are valued more due to the reputation of the builder as well as due to the location the home is built.