10 things every home buyer should know!

Download 10 things every home buyer should know!

Post on 13-Sep-2014



Real Estate

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The most crucial things a home buyer should know before buying a home.


<ul><li><p>Things every home buyer should know10</p></li><li><p>Its the mostimportant </p><p>decision involving </p><p>all your savings </p></li><li><p>MAKE THE </p><p>RIGHT </p><p>DECISION</p></li><li><p>Know your requirements</p><p>Evaluate the size of your house based on your needs , lifestyle&amp; space required for your family today and in future#1</p></li><li><p>Choose an ideal location</p><p>Distance to work, school &amp; frequently visited placesConnectivity to key city areasAvailability of public transport facilities</p><p>#2</p></li><li><p>Is the area Liveable?</p><p>Check for Availability of essentialslike schools, grocery stores, health care facilities, parks, clean roads and well maintained sewage network</p><p>#3</p></li><li><p>Choose what is right for you</p><p>Ready to move in, Under construction &amp; Resale propertiesDo enough research and dont hesitate to negotiate</p><p>#4</p></li><li><p>Gauge the developer</p><p>Check their past projects, enquire with brokers &amp; read reviews on bloggingsites. Visit the project site</p><p>#5</p></li><li><p>Know your house before it is built</p><p>Check the specifications of all materials used &amp; ask for samples. Have a clear idea about the carpet area, built-up area &amp; super built-up area</p><p>#6</p></li><li><p>Understand what you are paying for ?</p><p>Ask the developer for a breakup of all the charges &amp; additional charges like stamp duty, registration charges</p><p>#7</p></li><li><p>Financing your home</p><p>Maximum home loan amount is 80% - 90% of home costBest home loan = After comparisonon fixed and floating rates of interest</p><p>#8</p></li><li><p>Buying an old property?</p><p>Check for mortgage or property dues. Documents : Tax paid receipts , non-encumbrance certificate, sanctioned plans, approvals clearance &amp; occupancy certificate.</p><p>#9</p></li><li><p>Be legally correct..</p><p>Is the sale agreement registered on a government stamp paper.Are the registration charges applicable as per current state?</p><p>#10</p></li><li><p>CommonFloor.com is India's leading property search portal. On a mission to make property search hassle-free, transparent and fruitful; </p><p>CF has best of breed property search on maps, property search mobile apps and an extensive section for knowledge resources and advice in real estate.</p></li></ul>