13 August 2019

No Comments

5 Important Tips You Should Follow Before Buying a New House

 

What matters to most home buyers is the Surrounding Area (Locality) and the Safety Factors, how it makes them feel. Spending your hard earned money on homes is a crucial and important decision in our life.Buying New House comes with an astonishing feeling as the memories will be lifetime and it is the most expensive purchase you will ever make.

Buying a new home can be an exciting time but it can also be a daunting process, so apart from looks do consider the following tips before buying a new House.

 

Financial Planning –

 

Buying a New house is very Impressive, but your bank account might not be as eager as you are. Know how much of your savings you are willing to spend before you get in over your head. Begin by grounding yourself in reality and determine the present major needs of Family.

Once you’ve purchased the house, you’ll have more costs you didn’t have expected, some of which could include HOA fees, Property taxes, and Property, as well as any Home maintenance costs that come up unexpectedly.

 

Homework- 

 

Research about Builder, Building Approval Plan, Commencement Certificate (For under Construction property), Occupancy Certificate (for a Constructed property), RERA Registered Number, Stamp Duty, Registration Fees and other Variable Charges like  real estate agents Fees, Lenders or Mortgage brokers, Home Inspector, Land Surveyor, Lawyer or Notary etc

 

Location-

 

 It Sound Obvious, but no matter location plays a vital role as all your basic and local amenities should be avail at walk able distance. School for Children, Your Office Route and the Neighborhood. Also it has a great Impact on the Resale value of your Home so don’t be emotional because in real estate it’s always Location, Location and Location.

 

Price/Size & Possession Date-

 

Once you do fund planning, Homework and decides the location then you should look for a size that fits best as per your family requirement, considering the number of members in a family and their age and other factors.

 Basis of your requirement of 1 or 2 BHKs, one should also look for options that are available in that selected location and fits your budget requirements.

 Possession is one of the most important factors while buying a home as on ready property you will save a GST amount and also you can check the quality of the structure and get an actual idea about a space of your home. Once finalized you have an option to move immediately too.

 

 Legal Advice-  

 

To ensure that everything about the property dealing is understood and that there will be no legal surprises after you have purchased your House. Be it purchase, construction, sale or lease of property, legal advice is essential and recommended all the time.

 

You have a responsibility towards yourself and towards your family and doing all the above due diligence before buying your House, will ensure that “What you thought is what you got”! Buying a House brings a Sense of Pride and Freedom.

Leave a Reply

Your email address will not be published. Required fields are marked *

Enquiry form
close slider

Disclaimer:

We are currently updating our website towards compliance of newly introduced real estate law i.e. the Real Estate (Regulation and Development) Act 2016 and the Rules made there-under (“RERA”), which have been brought into effect from 1st May, 2017.

In the interim, no information, images or material which is currently available / displayed on the website, shall be deemed to constitute any advertisement, invitation, solicitation, offer or sale of any of our product offerings and we shall not accept any such bookings based on reliance of such currently available information, images and material on the website and further shall not be responsible for any consequences of any action taken by any person or authority relying on material/information or otherwise.

We request you to get in touch directly with our sales representatives, please do not rely on any information contained on this website, until the revision and updation is complete. By accessing this website, the user confirms that the information including brochures and other marketing collaterals on this website are for informational purposes only.The same is applicable from 1st May 2017 onwards.

We shall get back to you soon with an updated website, as we are yet to receive a RERA Registration Number.