10 things every home buyer should know!
Post on 13-Sep-2014
DESCRIPTIONThe most crucial things a home buyer should know before buying a home.
Things every home buyer should know10
Its the mostimportant
all your savings
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
Is the area Liveable?
Check for Availability of essentialslike schools, grocery stores, health care facilities, parks, clean roads and well maintained sewage network
Choose what is right for you
Ready to move in, Under construction & Resale propertiesDo enough research and dont hesitate to negotiate
Gauge the developer
Check their past projects, enquire with brokers & read reviews on bloggingsites. Visit the project site
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
Understand what you are paying for ?
Ask the developer for a breakup of all the charges & additional charges like stamp duty, registration charges
Financing your home
Maximum home loan amount is 80% - 90% of home costBest home loan = After comparisonon fixed and floating rates of interest
Buying an old property?
Check for mortgage or property dues. Documents : Tax paid receipts , non-encumbrance certificate, sanctioned plans, approvals clearance & occupancy certificate.
Be legally correct..
Is the sale agreement registered on a government stamp paper.Are the registration charges applicable as per current state?
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