Most Important Things You Must Know

Before Hunting For a Residential Property.

Buying a residential property is an important decision. You would be spending the rest of your life at

that place or even if you would switch it will take a long time. So, it becomes important to take these

decisions carefully and after a diligent research as property buying is costly especially in regions like

Noida and Noida Extension where property prices are premium. Also the choice of property in Noida is

tough because of the variety and number of projects offered. The selection depends on some

parameters. Though it would be quite exciting and amusing if you are a first time homebuyer, it is

i porta t that you do ’t take upfro t decisio s without uch knowledge. Here is a list of most

important things that you must know before buying a residential property in Noida.

1) Your payment structures and loan approvals: Setting the budget right is the foremost step

before buying any residential property in Noida. Also, you need to plan on how you will make

the payments for your newly bought house. Do you require a home loan? And if you do make

sure you apply it well on time. A loan pre-approval is a must. Also you need to check what type

of loan do you require? What are the various EMI options and loan schemes available? Even if

you are opting for a home loan not the whole cost of the house would be credited to you, you

will still have to pay a down payment price on your own. So, make sure that your financial

statements are clear to you. Also be ready for a little stretch in your budget in case you are

buying an old property as you might need some repairs and renovations. But to not stress too

much on your budget so as buying your dream property becomes a nightmare for you.

2) What are your needs and wants: Always know that what you are searching for. List out all your

aspirations and requirements from a property. Divide this list into two sections, the first one

containing features you cannot compromise on and the second one of the features you could do

without. Do try and search for the best deal where you get it all but not every property can be a

perfect replica of your expectation, keep that in mind. If you get a good property deal without

certain features you can leave out, go for it. Also, how much space you require is an important

factor as to whether you need a 1 BHK or a 4 BHK? This depends on your usage and family size.

Also what is your preferred location? Whether you want to buy a property in Noida Extension,

Noida, Gurgaon or Ghaziabad?

3) The ongoing and upcoming market trends: Do a market research about what is the current

market scenario. The property you are choosing what is its face value? What is the price

appreciation expected? In how much time is the increase expected? Is the market booming or

slow? Like property in Noida Extension have great price appreciation. Similarly property in

Noida is premium but expected to rise after a long time.