For many of us, even the thought of buying a home borders on cheerfulness and gaiety. However, after a few days, you would become exasperated and even dejected at the pace of events, paperwork, running around, expenses, etc. Of course, buying a property is not like entering a supermarket and checking out after paying the bill. It involves a lot of careful consideration, negotiation, and research. In most cases, first-time home buyers are flummoxed over a lot of constraints. Here, we list the major items that dog every first-time home buyer and also show the way to deal with the complexities involved.
CHOOSING A LOCATION
The three most important aspects of a house are-location, location, and location. If you are buying a home for your family to live, you should stop worrying about the resale value. This is the first lesson you should learn when it comes to choosing a location. Given that, it is imperative that your house should be in a location that is comfortable, safe, convenient, clean, and within budget. It is also important to weigh in factors such as historical price fluctuations and rental demand in surrounding suburbs, and planned developments in the vicinity. Remember, it is not easy to define how ‘comfortable’ a location is for you. Convenience and safety are contributing factors that play a major role, but the kind of lifestyle you prefer is just as important.
LIMITING THE STRAIN ON YOUR INCOME
A home investment always gets out of budget at some time or the other. The relative costs of buying or building a house are many, and the costs are interdependent on myriad factors. Of course, buying a house is a costly and time-consuming process. It is important to establish your budget and be flexible with some level of control. You will need to factor in extra costs such as registration, taxes, and other hidden costs. It would be best to speak to your finance advisor regarding the right type of loan to suit your needs.
SELECTING THE RIGHT BUILDER
This is a very important decision, because if you choose well, you will have a true partner. Your builder will bring to life your dream home and give you a house that your family will love living in for a lifetime. You should ask the right questions to the builder. In fact, your first priority when selecting a builder should be the quality of their work. Be sure to check references and question the builder about the structural materials you can’t see. Reputed builders, such as L&T Realty, have transparent policies and dedicated representatives to handle all your queries.
DEALING WITH LEGAL WORK
Understanding legal documents is a big dampener for home buyers. Sales deeds, property registration papers, occupancy certificate, tax receipts, and completion certificate often create confusion. With so many malpractices surrounding these legal documents, it would be advisable to seek the help of a property counsel. They help in checking the legality of a project, plan, approval, etc.
CHECKING THE CONSTRUCTION QUALITY
While purchasing a property, buyers are unaware of the quality of the material used at the time of construction. You may be rightly concerned about problems such as seepage, leakage, plumbing and faulty wiring, etc. If you are buying from a reported builder, then rest assured; in fact, they are very transparent about the brand and quality of products used in the construction. If you are still doubtful about the construction of a house or flat, it is advisable that you get in touch with a civil engineer to check the quality of the construction.