Buying a house, especially if it’s your first time, requires a proper checklist that lists everything you want in your new home. Every house has two uses: for the owner to live in and as an investment. After you know why you want to buy a house, a home buying guide will be helpful. If you want to use it for yourself, the way forward is pretty simple. But if the new project is an investment, your goals will be to earn rental income and have the property value go up.
Before we talk about how to buy a property, it’s more important to know what kind of property you want to buy. You can decide which property is best for you based on your budget, how much it will cost to keep up, and what kind of investment it is. You can choose from apartments, residential plots, villas, and other types of homes. But it can be very hard to choose the right property, especially if it’s your first time. So, it can be helpful to talk to a person who has already decided to invest in real estate or just bought a property.
Next, here are some tips for buying a house. If you’re purchasing a home for yourself or as an investment, you should keep the following tips in mind.
1.Authenticate Bank Approvals
When buying a house, it’s important to find out if the project has been approved by a well-known bank or not. Since the bank checks everything on its own, these projects are always sure to be legal and financially sound.
2.Verify the property’s RERA registrations
Check to see if the house is registered with the Real Estate Regulatory Agency (RERA), and if it is, visit the official website to verify the RERA number.
3.Development’s accommodations and specifications
Once you’ve decided what kind of property you want, you need to think about how you want to live. This is where the amenities and features of the property come into play.
4.Evaluate maintenance costs
Another important thing to think about, particularly if the initiative has a lot of different features and amenities. You can figure out how much it will cost to live in a project as a whole if you know how much it will cost to maintain it each year.
5.Request a home overview
Next, you can ask to see a picture taken from a drone of both the view from your potentially new home. It can even help you decide on the floor of a house, the view from the balcony, and whether or not there is enough light and air flow.
6.Examine your home’s sound features
Most people think that if you live on the top floor, you won’t hear any noise from outside, but that is not always the case. If the house is next to the major road, the noise and sound of the horns might get to your house. Check to see if the programmer is giving you soundproof windows that block out a lot of the noise from outside. After all, your home should be a safe, quiet place where you can get away from the busy city.
7.Verify If Your House Is Vastu Compliant
Even though people’s beliefs about Vastu may be different, most people do look at how well a house fits with Vastu. Because of this, most people who build homes make sure they follow the rules of Vastu. You can also check for this when you buy a house.
8.Explore Social Infrastructure
Next, look at the city’s social infrastructure and how easy it is to get around. Make sure you purchase a home that is easy to get to from anywhere in the city and that has the best schools and hospitals nearby.
9.Domiciled Buying Guidance
If you are a non-resident Indian (NRI) and you want to buy a house in India for the first time, there are a few things you need to think about in addition to what has already been said. You can find everything you need to know about this in our guide in the NRI Region of Mahindra Lifes paces.
Read more: 5 Blunders to Avoid When Flipping Houses
