Tips for First Time Home Buyers | Independent Homes and Apartments
It is a very exciting and challenging decision to make when for the first time you feel the need to buy your own house. we have so many questions and very little answer. But, not to worry we bring you some common tips which will make much of your pressure and worries go away. Here is what you can do when you have finally decided to move on from your rented or old house to restart your life in a new home of your choice bought with your hard earned money.
Budget - The first thing you need to consider is the budget for your new home. You must know how much you can afford. Once you have decided the budget you must figure out, how your are going to finance them. This can be your savings, Fixed Deposits or bank loans etc. It is always good to pay part of the total amount as bank loan. Your net monthly income decides how much loan you can take. Do you want to take loan or pay cash. Figure out how much loan you need.
Locality or neighbourhood - The second and most important decision is to finalize the locality. What kind of neighbourhood you want to live in? Remember you can always change your design and look of the house but you can't change the locality. Make sure you have all the necessary amenities you would like to have within your comfortable time of reach.
Finding your home - You can find an agent or a developer with good credibility who will help you find the dream home you want to live in. The Real estate Developers with good feedback and knowledge of the locality is best suitable for the first time home buyers. Locate homes that meet your needs and are in your price range. Visit those homes, make a decision, revisit them if you have any doubts.
Purchasing Home - Negotiate your purchase, Check the property documents. Enquire about the legal aspects of the property. Consult a legal adviser if you are in any doubt and not sure what you are buying. Make a deal and buy your dream house only if you are fully satisfied.
With the large amount of money you're putting into your home, you'll want to make sure to take excellent care of it. Regular maintenance is the key to your happy home as it can decrease your repair costs by allowing problems to be fixed when they are small and manageable.