Home Buyer’s Guide
Owning a home is a dream for almost every individual who is well settled in his or her career And often, such homes are bought far away from inherited ancestral property. Which means, making the decision on home purchase is a rather tricky one, as it is a major investment for most individuals.
BUYING HOME
Here are certain things that you need to consider while buying a home:
Planning For The Future Is A Must
It is absolutely necessary to evaluate your long-term family requirements, present lifestyle and financial goals. Ready to move in accommodations are the best option if you want to skip the rent and the EMI part that come along with procuring home loans. Financial planning that involves balancing the rent and EMIs without draining the savings / resources is a way out.
Give Due Consideration To The Locality
A thorough research about the future development plans of the locality is recommended. A sneak peek into the previous price trend of the locale will give a reasonably good idea about the expected gain of the investment you are planning to make. Infrastructure, proximity to nature, transportation – health- educational options available are a few other things to look at.
Have A Quick Checklist Ready Before Inking The Deed
Home buyers absolutely need to look for transparent transactions. Insist on getting the Occupation / completion Certificate from the developer after the project is complete. Also if the project has got the nod from leading home loan companies, it would definitely come in handy in getting quicker home loan approvals.
Property Insurance
As there are an array of home insurance policies to pick from, it is always wise to opt for one. The cost is relatively less and it is your security against any future damages to your property. It also provides coverage in case there is an issue with the property title or any other legal issue. Choosing the one that fits your needs not only safeguards your asset but also makes the buying process easier.
Discuss The Proposed Set Up Plans
Ensure that whatever promises are made are included in the project layout. Home buyers nowadays invest in not just homes but lifestyles. So, the more the amenities, the better. Frills like plush sit outs, children’s activities areas, club houses, guest parking etc. are a given.