5 Questions to Ask Before Buying a House in Nepal

5 Questions to Ask Before Buying a House in Nepal

Whether it be to live or to invest, buying a house in Nepal is a big decision. Well, here are some tips that will help you make the perfect decision while you are 5 Questions to Ask Before Buying a House in Nepalpurchasing a house.

Remember that these are tips for buying a house in Nepal and not constructing a house. We have dedicated a separate article to help you with some tips while building a house in Nepal.

See Also: Tips to Help You Choose the Right Construction Company

Tips to Help You While Moving Your House

Is it in a Preferred Location?

It is one of the most basic things that everyone check, of course, but we need to mention this. ‘Preferred location’ differs on the perception of people; you will need a house on an address that makes you happy to be in.
Never compromise on where the house is located, especially when basic needs are concerned. Of course, there might be some budget constraints, as homes in the middle of the city are expensive than ones in other areas. What we are saying is find a balance between money and facilities, as this will help you a lot in the long term.

Is the House Earthquake Resistant?

We Nepalis have gone through a lot. But let us be honest, we tend to forget things very quickly. Ask an experienced real estate consultancy services in Nepal, people do seem to have a little bit of interest on the Earthquake resistance quality of the building, but they still don’t take it seriously as they should.

We are not generalizing, but especially investors don’t seem to be very concerned about the safety of the house than the ones who are buying to live. You know, after the terrible devastations that happened to us in 2015, we have new things to learn. And secured housing is one of them.

Does the House Have Any Paperwork Issue?

One way to ensure that the house you will stay in will have no legal problems is to work with a registered real estate agent in Nepal. If you didn’t know, the Government of Nepal provides certifications to licensed real estate agents, and you will be 100% secure while working with them.

Also, another tip would be to hire a lawyer to analyze the legality. This is a vital step and one that people miss on a lot, but we hope you won’t.

Is it a Good Investment?

Well, if you are an investor, you know about it more than us, so we can’t say anything. However, even for people who are looking to buy a place for shelter, you should consider if the house is a good investment.

To be honest, if you are buying a building in city areas like Kathmandu, Chitwan, Pokhara or Butwal, it is a good investment. Because of the way that house prices are growing these days, you can expect the money to multiply very soon once you make the purchase. Well, study the same in other areas too, make sure that you will get a good return if in case, you decide to sell your house.

Also, don’t forget to consider the rent rates in the area.

Is the House the Best Deal that You Can Get?

There are probably many similar houses that are on sale (you can look at our listings). Do you think that the house is the best price you can get? Don’t buy it if you are somehow unenthusiastic about it. Many similar deals might come in the future, and all you need to do is be patient for a while.