PropTiger Launches the Livability Score
The search for a dream home is an extremely significant part of an individual's life. However, it is not only a process that's important, but also one that is very complicated. The home-buyer needs to take various factors into account and analyze multiple parameters before making a decision in this regard. Thus, before you make a final call about your dream home, a rigorous check on all these parameters is strongly recommended:
1. Location, location, location: This is the most defining feature of any property. The existence of a good school, hospital, metro station, park, shopping complex and restaurants determine how livable the location is. A thorough research on this front will guarantee a comfortable life for you and your family.
2. Project Details: Today, when real estate frauds and scams are in the news every day, it is important to do a quick check of the builder's background before finalizing the deal. Additionally, being aware of the amenities provided as part of the project, the availability of sufficient open spaces, number of lifts in each tower and other maintenance facilities etc. is very important.
3. Pricing parameters: When buying property, there is no substitute for playing it smart. It is your responsibility to do a thorough research and compare the prices of various projects in the locality. This will help you get an idea of whether or not you are paying a fair price for the property that you're buying.
So how do you go about judging all these requirements at once? Ideally, every buyer would prefer to have the perfect amalgam of all these parameters. However, in reality there are trade-offs involved between two or more of these parameters. This is where your preferences and priorities play a role, as your opt for the parameters that matter more to you over the ones that can be compromised upon. In such a scenario, have you ever wondered if there is a single score which can help you prioritize between these different factors?
Well, we have the exact good news you are looking for! PropTiger DataLabs has come up with the Livability Score which will answer your most important question as a home-buyer— How livable will this new house be, once we move in?
PropTiger Data Labs has not only rigorously collected data on locations of schools, hospitals shopping complexes, parks and restaurants etc. but has also analyzed the quality of these facilities, in order to arrive at this score. Livability Score is the only such score which leverages information about builders, as well as that of the locality and project to test the livability quotient. The approach uses more than 100 parameters and puts them through an algorithm in order to arrive at this score. We have also tested this score across a few micro markets with user inputs on project livability. And that's when we realized that there is a very high degree of usefulness of this score for a potential home-buyer. So here's introducing to you the Livability Score – How livable is your dream-home-to-be? Find out now!