Home buyers- Before buying a property, check whether there is better connectivity? Check which is the nearest metro station from there?
Home buyers: Buying your dream house by adding rupees for years is a very special feeling. This is the biggest investment in a person’s life. But before buying a house it is very important to take care of some special things, so that your money is not lost due to a wrong decision.
If you have been buying home for the first time (home buyers), then a lot of hard work has to be done in buying the property. If you also want to buy a house and you do not know where to start and what are the necessary things for this, then read here every answer related to your questions. Before buying a house, read the check list on Money 9, which you must know about.
Choose your location
Before buying a property, check once if it fulfills all your needs in future. If there is a particular infrastructure development associated with the location, then in the coming years the property prices will increase.
Connectivity
Before buying property (Home buyers), check whether there is better connectivity? Check which is the nearest metro station from there? It should not happen that your house is in a far corner, where it is very difficult to reach.
Join big and famous developers
Where you are looking for a property, it is very important to know how the builder is. Especially when you want to buy an under construction project. It is very important to check that the land is not stuck in any litigation, the builder is completing his old and current projects?
Negotiate the price
Home buying- Ask about the final price of the property by levying all taxes and additional charges. Most of the builders and developers are ready to negotiate on the price, do not accept the prize that the builder will pay for the first time. Try to finalize the deal at less than that.
Read about government policies
If you are buying a house for the first time, then get all the information about government schemes and policies. Make sure that you do not ignore any government schemes, so that you have to pay a much higher price.
Get information about real estate prices in the last five years
Before investing your money, find out how much the price has increased in the last year at the location where you are trying to buy a common house. Should buy the property, whose prices have seen an increase year after year. Whose price is expected to increase in future also. Your similar investment guarantees you good returns in future.
Flat size
In the era of work from home, you need a dedicated office space at home. Usually the builder describes the super built-up area. But the carpet area is that which is less than the builder’s area. Always finalize your deal on the carpet area, not the super area.
Don’t stick to a price
Before taking the final decision, take care of the future along with the present. Calculate all expenses and review payment options. Do not be stuck at the same price. If you get a good deal by spending a few thousand more, then decide carefully.
Property Financing
Before making a loan, make sure that you get a home loan from the bank at the lowest rate. Different banks offer different interest rates. Do not adopt the offer in advance, do full research on it. Finalize the deal with the lowest home loan rate.
