Save Money While Buying A House
Jul 20, 2017 Home Trading Steps
Most people get nervous thinking about the amount of money that they will have will churn out to buy a property. Owning a place to call home isn’t as expensive as people think. There is way with which you can save money while buying a property.
We discuss ten ways through which you can save some money:
1. Negotiate:
If you are planning to buy an apartment in the multi storey building then chances are that you are already getting a negotiated deal. If the builder is not ready to negotiate on the price then try to strike a deal like free furnishing or home appliances. Don’t fall for freebies blindly. Make sure that the free gifts they are giving are worth your use. Gifts like a car or AC or modular kitchen will help you ease the burden of getting them. If they give you gadgets like a phone or tablet, well in long run it won’t be of any major help to you.
2. Subvention scheme:
Subvention schemes don’t help in saving money but helps you in easing the burden of the loan. Flexible payment schemes help to manage your finances accordingly and you don’t have to worry about the money that has to be paid. It is better to go for projects linked with such schemes.
3. Register the property in the name of your mother or wife:
In states, Punjab, Odisha, Haryana, Delhi the stamp duty for the properties brought by a woman is 2 percent less than men.
4. Get rid of clutter:
Sell off the old stuff that you own but do not use it anymore. It will fetch a good price. If you are moving to an already furnished apartment then it is better to sell off your old furniture since it won’t be required anymore.
5. Look for the best interest rate:
Try to take the best available home loan rate available for you. You can also consider opting floating rate of interest as they come with certain benefits.
6. Buy the property close to home:
Buying a property close to your workplace will save you a lot of money on the commute. You will also be able to spare sometime for your hobbies and family if you are living close to your workplace.
7. Think about what you need in your new home:
Buy only the basic necessary things as you move into your new house. As your finances are bit settled, you can get the stuff that pleases you.
8. DIY for interiors:
There are endless tutorials and ideas on doing it yourself for the interiors of your house. Take a clue from them and try to do it by yourself. This will save you tonnes of money.
9. Housewarming can wait:
Don’t rush to invite people at your place and throw a housewarming. You can do it when you have saved enough money for the same.
10. Strike a deal with the broker:
If you have hired a broker to help you find the best place then he will ask for his commission as well. Try to strike a good deal with him that does not burn a hole in your pocket.
We discuss ten ways through which you can save some money:
1. Negotiate:
If you are planning to buy an apartment in the multi storey building then chances are that you are already getting a negotiated deal. If the builder is not ready to negotiate on the price then try to strike a deal like free furnishing or home appliances. Don’t fall for freebies blindly. Make sure that the free gifts they are giving are worth your use. Gifts like a car or AC or modular kitchen will help you ease the burden of getting them. If they give you gadgets like a phone or tablet, well in long run it won’t be of any major help to you.
2. Subvention scheme:
Subvention schemes don’t help in saving money but helps you in easing the burden of the loan. Flexible payment schemes help to manage your finances accordingly and you don’t have to worry about the money that has to be paid. It is better to go for projects linked with such schemes.
3. Register the property in the name of your mother or wife:
In states, Punjab, Odisha, Haryana, Delhi the stamp duty for the properties brought by a woman is 2 percent less than men.
4. Get rid of clutter:
Sell off the old stuff that you own but do not use it anymore. It will fetch a good price. If you are moving to an already furnished apartment then it is better to sell off your old furniture since it won’t be required anymore.
5. Look for the best interest rate:
Try to take the best available home loan rate available for you. You can also consider opting floating rate of interest as they come with certain benefits.
6. Buy the property close to home:
Buying a property close to your workplace will save you a lot of money on the commute. You will also be able to spare sometime for your hobbies and family if you are living close to your workplace.
7. Think about what you need in your new home:
Buy only the basic necessary things as you move into your new house. As your finances are bit settled, you can get the stuff that pleases you.
8. DIY for interiors:
There are endless tutorials and ideas on doing it yourself for the interiors of your house. Take a clue from them and try to do it by yourself. This will save you tonnes of money.
9. Housewarming can wait:
Don’t rush to invite people at your place and throw a housewarming. You can do it when you have saved enough money for the same.
10. Strike a deal with the broker:
If you have hired a broker to help you find the best place then he will ask for his commission as well. Try to strike a good deal with him that does not burn a hole in your pocket.
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