There can be many reasons that make you want or need to live by yourself. For some, it could be because of moving to another city or place for study; for others, it could be because of having to move for work; or it could simply be because they want to live independently. The decision to live by yourself is not an easy one and comes with a lot of challenges. From selecting the property, managing the budget and buying property to home security, there is a lot to keep in mind.
Whether you decide to live by yourself, with family or with anyone else, it is better to check the quality of construction and the property’s age before taking further steps.
A property requiring repairs and patchworks frequently will be a source of stress. It is always better to check the age, quality of construction and if there are any requirements for repairs. If you look over this, a repairman visiting your home would be a regular occurrence.
LOCATION AND THE AREA
When looking for a property to live on your own, there is a higher chance that you will most likely be alone. Thus, the location of the property is of utmost importance. A location that is well-connected with social amenities such as schools, hospitals, grocery stores etc., market places and recreational areas in the proximity will be fitting to live by yourself. A place that is affordable but is distant from all basic necessities will only cause difficulties.
When you decide to live alone, you won’t have the luxury of family members or someone looking after and taking care of the security. This is why you should not look for a property in a faraway location. You should consider looking for a home in a township in Mohali and a gated and secured housing township/society. Nevertheless, spending on a proper home security system will help you immensely. The decision to live by yourself must be taken after proper planning and researching.
RESALE VALUE OF THE HOME
Whether you are buying a home to live on your own or not, you must also keep in mind that you might decide to move out at some point. Maybe you wish to live in a new location or city sooner or later. A property with good connectivity and capital appreciation will give better profit if you decide to sell.