Mistakes to Avoid When it Comes to Buying a New Luxury Home


luxury home

October 25, 2021

A luxury home in North Goa is more than just an investment – it’s a thing of joy and something that evokes pride. If you’ve been weighing your options and have finally decided to take the plunge to buy the home of your dreams in Goa, we’ll help you get started. After all, investing in a second home (or even a first one) can be exciting and stressful.

It’s important to do your homework to avoid some common pitfalls like these:

Choosing a Home Based on Your Current Stage of Life

Due to housing loans and other forms of finance, it is possible to buy luxury homes in Goa during the ‘young adult’ phase of life. While selecting a home, many buyers may not think about future family requirements such as child-safety, old age, disability, or sickness. For example, the absence of an elevator may not make much of a difference to you when you are young and able, but you may consider it to be a problem as you or your parents grow older. In such cases, many buyers are forced to sell their first property during the latter part of their lives to move into a place more suitable to their age.

Not Identifying Your Needs

Many people dream of buying a luxury villa in Goa, but few can articulate what they’d like. Different luxury real estate builders in Goa offer different amenities. For example, our latest real estate project in Assagao is an exclusive gated community consisting of 6 independent 4 BHK villas, each with a rooftop pool. On the other hand, Casa Del Sol, one of the most prestigious communities in Anjuna, has villas as well as apartments. While there is a common swimming pool instead of rooftop ones at Casa Del Sol, the property has beautifully landscaped lawns, ideal for children to play in and seniors to enjoy – an amenity not offered at Rainforest Woods.

Shopping by Sight

It’s easy to get carried away with first impressions and emotions when you see the features of a luxury villa in Goa. If you’re buying a new villa or apartment, take some time to browse through the property’s brochures and website and speak to the builder. If it’s an existing home that you’re looking to purchase, objectively tour the home and determine if it suits you. Remember not to let the current owner’s lifestyle or personal style sway your judgement. Behind messy rooms and bad décor can be a home that fits your needs. On the other hand, an elegant-looking home may appear swanky but be unsuitable for your family. Additionally, some aspects, such as changing the countertops and fixtures, can be accomplished much more easily than remodelling the floor plan.

Not Considering Ongoing Finance Requirements

Buying a luxury home in Goa is one thing, and maintaining it is another. Keep in mind that apart from putting in a down payment, closing costs, and taxes, premium homes in Goa require a lot of upkeep and investments, especially to get your home ready for Goa’s monsoons.

Failing to Familiarize Yourself with the Neighborhood Before Buying

To the outsider, North Goa seems to be a fascinating place to live in. But keep in mind that not all places in North Goa are the same. Find out if there are grocery stores, parks, and hospitals nearby. Are the schools in the vicinity suitable for your kids? Are there any infrastructural developments in the pipeline? All these factors will influence your experience in your new home. At Rainforest Estates, our real estate projects in Goa are located in some of Goa’s most prime locations. You’ll find our exclusive projects to be at a comfortable distance from everything you may need, including beaches, the best restaurants, and great spots for shopping.

Let’s take a step towards making your dream of buying a home in Goa a reality.

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