Most of us grow up with a desire to build or buy our own house. We all want to study in another location, work at another location, travel the world, own a house that we can call our own. Since its one of the biggest investments one can make, home buyers have to be careful in evaluating all the details. Here is a checklist for you. Moneymindz, India’s First Free Online Financial Advisory
1. Research well
Gone are the days when real estate agents influenced most home buying decisions. Today, developers give their potential customers a walkthrough while social media influences most buying decisions. Now you can evaluate and compare properties on the basis of your requirements and criteria. So check all the basic amenities like construction, safe electrical connections and plumbing. See the merits and demerits of everything you come across and make decisions wisely.
Location is of paramount importance always. You don’t want to buy a house in just any location. You would have your own preferences of location. Nowadays people prefer locations near to airports, metro, proximity to recreational and commercial centres, educational institutes and hospitals etc. This is similar to how in the olden days’ people preferred locations near the river for water purposes. So check the location of the house before taking any decision. Moneymindz, India’s First Free On call Financial Advisory
Lifestyle requirements dominate the decision to invest in a home. Residential location, amenities, infrastructure status, etc is what you have to check. This is because you have your own views on lifestyle. Hence, you must be sure if the particular lifestyle suits you. You need to see if your budget permits you to afford this lifestyle. Otherwise, you either change your lifestyle choices (which lifestyle you prefer) or your budget (altering it, earning more income and having fewer expenses).
4. Monetary commitment
How much can you commit to the selected property financially? What are the costs you would incur such as parking, maintenance costs, etc? If you might not be able to afford it, you have Home Loans which you can take. You don’t have to forget your dream house. You can still buy it by taking Home Loan. There are many schemes and policies to help you. Smart Financial Advisor, Kuber Mindz
5. Post-possession wisdom
Don’t assume the process gets completed after the house purchase. After the house is bought, it is your responsibility to maintain the house. Keep all your documents well stored along with adequate photocopies. Update all relevant paperwork. Take care of your house till the end.
You can find more information at www.moneymindz.com or you can even give a missed call to 022-62116588