Guide to be a Smart Home Buyer
Jun 28, 2017 Home Trading Steps
Buying a house can be an overwhelming experience for a lot of us. All the hard work and price negotiation with the builder for the property of your choice can be exhausting. Sometimes people buy the property under the influence of their parents or friends and family. And sometimes these decisions can go wrong and turn out to be a bad decision both financially and mentally.
To make sure the decision is wise; there are few things every buyer should keep in mind.
We discuss them here:
1. Stay calm:
It may have taken you a month or a minute to decide that you want a property, but make sure that you are not taking this as an impulsive decision. Take time to decide do you really need a property or you are buying it under the peer pressure. Buying a house is an expensive investment and paying the EMI for a 10 or 20 years. Finding faults after the deal is done can turn out to be an expensive mistake. Don’t buy the first property that your see. Take your time to find the best one, do proper research and development on it. It may take you years before you find the perfect property that suits your needs and requirements.
2. Be open to challenges:
When you make your mind to buy a property, there are certain challenges that you have to face. Being shy when you are buying the property is not a good idea. Be open to doubts and questions and ask as many as you can. You shouldn’t think whether you are asking too much or too less if it is your question it better must be answered. Keep the track of the prices of properties similar to your choice. Don’t overlook the negative points of the property but go through them.
3. Keep your preferences straight:
One suit all is not true in case of real estate. Everyone has different priorities and preferences and meeting them is important for every individual for buying a property. Ask the property expert for the advice and guidance while buying a property. Before taking a home loan make sure that the monthly EMI does not imbalance your monthly expenses. Keep future needs in mind while taking up the monthly EMI. As you grow in life and profession, your expenses increase too. It is better to ask for the advice of a financial advisor for the same. Don’t put your entire monthly income or a good chunk of it for paying your EMI
To make sure the decision is wise; there are few things every buyer should keep in mind.
We discuss them here:
1. Stay calm:
It may have taken you a month or a minute to decide that you want a property, but make sure that you are not taking this as an impulsive decision. Take time to decide do you really need a property or you are buying it under the peer pressure. Buying a house is an expensive investment and paying the EMI for a 10 or 20 years. Finding faults after the deal is done can turn out to be an expensive mistake. Don’t buy the first property that your see. Take your time to find the best one, do proper research and development on it. It may take you years before you find the perfect property that suits your needs and requirements.
2. Be open to challenges:
When you make your mind to buy a property, there are certain challenges that you have to face. Being shy when you are buying the property is not a good idea. Be open to doubts and questions and ask as many as you can. You shouldn’t think whether you are asking too much or too less if it is your question it better must be answered. Keep the track of the prices of properties similar to your choice. Don’t overlook the negative points of the property but go through them.
3. Keep your preferences straight:
One suit all is not true in case of real estate. Everyone has different priorities and preferences and meeting them is important for every individual for buying a property. Ask the property expert for the advice and guidance while buying a property. Before taking a home loan make sure that the monthly EMI does not imbalance your monthly expenses. Keep future needs in mind while taking up the monthly EMI. As you grow in life and profession, your expenses increase too. It is better to ask for the advice of a financial advisor for the same. Don’t put your entire monthly income or a good chunk of it for paying your EMI
Looking for property portal?
Related Articles
-
-
All You need to Know about Encumbrance Certificate
Jun 14, 2018 -
-
See comments (0)
Write a comment
