10 things every home buyer should know!

Download 10 things every home buyer should know!

Post on 13-Sep-2014

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Real Estate

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

TRANSCRIPT

  • Things every home buyer should know10

  • Its the mostimportant

    decision involving

    all your savings

  • MAKE THE

    RIGHT

    DECISION

  • Know your requirements

    Evaluate the size of your house based on your needs , lifestyle& space required for your family today and in future#1

  • Choose an ideal location

    Distance to work, school & frequently visited placesConnectivity to key city areasAvailability of public transport facilities

    #2

  • Is the area Liveable?

    Check for Availability of essentialslike schools, grocery stores, health care facilities, parks, clean roads and well maintained sewage network

    #3

  • Choose what is right for you

    Ready to move in, Under construction & Resale propertiesDo enough research and dont hesitate to negotiate

    #4

  • Gauge the developer

    Check their past projects, enquire with brokers & read reviews on bloggingsites. Visit the project site

    #5

  • Know your house before it is built

    Check the specifications of all materials used & ask for samples. Have a clear idea about the carpet area, built-up area & super built-up area

    #6

  • Understand what you are paying for ?

    Ask the developer for a breakup of all the charges & additional charges like stamp duty, registration charges

    #7

  • Financing your home

    Maximum home loan amount is 80% - 90% of home costBest home loan = After comparisonon fixed and floating rates of interest

    #8

  • Buying an old property?

    Check for mortgage or property dues. Documents : Tax paid receipts , non-encumbrance certificate, sanctioned plans, approvals clearance & occupancy certificate.

    #9

  • Be legally correct..

    Is the sale agreement registered on a government stamp paper.Are the registration charges applicable as per current state?

    #10

  • CommonFloor.com is India's leading property search portal. On a mission to make property search hassle-free, transparent and fruitful;

    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.

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