Buying Guide how can buy a New Property

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It is a dream of many to own a comfortable home, here are some things a buyer needs to know before buying Property.

  • Budget

A proper budget has to be planned to know how much money will be left each month to meet your expenses. You should guarantee that the property you are getting will satisfy your present needs and be within your budget. As a property buyer, understanding your family’s present major needs will help you make the right decision.

  • Location

It is essential to choose to take a good look at the location and the locality. It is better to try a place adjacent to the prime location of your city so that the price is not that high. The location will also have a large impact on the resale value of your home. Choose wisely and your home may be your best investment.


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  • Amenities

First to decide before the confirmation about the property what is the amenities are providing under the property. You should clear out About Amenities like Parking space, Wi-Fi connection, easy connectivity of another location, swimming pools, Community center, health club facilities, restaurants, Elevators, and many more.

 

  • Rental price in the area

If you are planning about investing in a rental property, homes in high-rent or highly populated areas are ideal. Knowing the rental rate in the area helps you to choose the right property and the right location.

 

  • Good Resale value Property in future

    Resale sale Value is an important thing to consider before you plan to invest or buy a property. Property buyers never consider resale value when they buy. They make the mistake of focusing solely on a prime locality or the budget of the property. If you choose the wrong property or location, it is possible that your future sales price will always be less than the other homes around it.
  • Loan Criteria

    Home loan eligibility depends upon the repayment capacity, income, existing loans or debts, and age of the loan applicant. The lending company or banks provide online services such as a home loan eligibility calculator to calculate the loan eligibility of the home loan borrower. The maximum loan that can be sanctioned varies with the banks and the eligibility criteria may vary according to the bank or RBI regulations. As home loan rates increase, the loan eligibility for a borrower becomes stiffer.



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