By Echeburu Oby
When in search of a property there are basic things renter or buyers look out for, the evaluation of properties determines the outcome.
For some time now, customer views on property assessment has been a developing subject of social research in the real estate sector. Research on clients decision-making conduct suggest that client influence is a vital source.
Below are some important points that prospective buyers and renters look out for when buying or renting a property:
Site: Where a site is located is a key factor to look out for when buying a property or renting. Making sure that the major road leading to the said property is accessible for both cars and other means of transportation. Visiting the area at different times will give you a feel of the environment.
Community Facilities: when relocating to a new place or town, you have to be sure that the environment has most of the basic facilities of life in other to aid easy livelihood. By locating where all the schools, supermarkets, hospitals, parks and markets are located. This will help in understanding how convenient it will be moving around.
Safety:A place that is often attacked by armed robbers or hoodlums will not be a suitable location for a client to buy or rent properties. Houses should be located in a secure neighborhood, where people can go about their daily activities without fear of being robbed or killed. This can be done by inquiring about the crime rate in that particular neighborhood.
Also read: Housing affordability differs.
Flood Risk: The Federal Emergency Management Agency, (FEMA), has a tool that makes it easy to see if your address is in a flood zone. The Flood Map Service Center shows information like flood zones, floodways, and the property’s risk level, which predicts how high flood water may rise. Each of those are factored into a property’s risk of flooding. You can locate your local flood map online through the FEMA Map Service Center or check with the local government office.
Flaking paints: are one of the major things potential patrons look out for when buying or renting a property, shedding paints signifies that either the property is either old or was not built with standard materials during the construction process.
Scope and layout of the property: The scope and layout of the home also matter as the estimation of a 5-bedroom duplex won’t be the same as a 3-bedroom bungalow. The land size is also something that needs to be considered when buying or renting a property.
Road network: When buying a property, clients tend to know if where the property is sited has good road network. Road network is the system of interconnected roads designed to accommodate wheeled road going vehicles and pedestrian traffic. Road network plays a vital role in an area’s economic growth.
Drinkable water: Safe and readily available water is important when looking for a property to rent or buy because water is very vital for public health, whether it is used for drinking, domestic use, food production or recreational purposes. You need to have an idea where the source of the water comes from and how well the water will keep flowing.
Electricity: Electricity is one of the most important blessings that science has given to mankind. It has also become a part of modern life and one cannot think of a world without it, so living in an apartment or an environment that doesn’t have electricity feels like living in hell. Electricity has many uses in our day to day activities. It is used for lighting rooms, working fans and domestic appliances like using electric stoves, A/C and more. All these provide comfort to people.
These are key factors clients look out for when in search of properties to buy or rent. Developers tend to provide the basic ones they can. The government needs to assist by providing good roads, social amenities, portable water and the rest, with this the property will meet up for the market value.