Tips for the first time Home buyers

Q: Hi, i m a first time home buyer. Can you please share with me the tips for first time home buyers..

Piyush Khoche, Pune

2nd April 2013

Buying property in Pune

properties in pune

pune real estate

first time home buyer

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Replies (7)

When you start to buy homes, search and analyze the liabilities and documents, these are the worthable or not. Analyze which type of property you want? Assume yourself this property quality is best?

smith, Hapur

6th February 2018

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Hey Everyone!!! Today I read an article about what are the thing a home buyer need to know before buying a property. You read the article here: 10 things every homebuyer should know

Amarnath, Bangalore

22nd October 2013

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Look for tax benefits, understand your furnishing needs, payment modalities.. Your home will also need regular up keep and maintenance. Depending on your life style and the size of the
home itself, you must set aside a decent sum of money month after month to meet these expenses.
Verify all the link documents

Suresh Khanna, Mumbai

6th April 2013

Comment

Check the documentation before investing. Documenting the acquisition for first time home buyers is best done in consultation with a competent
legal professional. In practice however, home buyers are provided with stereotype agreement.

First time home buyers considering high rise structures should educate themselves on the concept
of ‘common area’.

Some builders do offer a differential pricing for ‘common area’ since much of the
amenities provided in the carpet area offered to you do not apply to the common area.

Sanjana Jain, Mumbai

6th April 2013

Comment

Scalability is another factor.. Is the space you plan to
acquire adequate for an enlarged family. A mezzanine floor is
an option which some people consider. However, the floor to ceiling height should be suitable for such an
expansion when needed. You should also know-how to deal with builders. Dealing with builders offering high rise structures and/or group housing is no mean task for the first time
home buyers.

Sishir,

5th April 2013

Comment

I agree with piyush.. Also, choosing the right location is another important step for the first time home buyers. Your job and other
personal circumstances can take you places. Further, what floor should you choose in high rise structures and why, what is the quality
of material used in the construction, is there a recurring monthly cost of maintenance, is the water supply
arrangement adequate and hygienic are some of the questions you should think of..

Vinay Dixit, Mumbai

5th April 2013

Comment

Hi Piyush, A well thought out budget is
therefore the stepping stone for first time home buyers in India. Fewer people have the ability to fork out
the large investment needed for a home from their owned funds. Housing loans thus form an integral part
of the home buying exercise. A typical home loan stretches over 15 to 20 years and even a 0.25% savings in
interest can translate to a neat pile of money over the tenure of the loan. The equated monthly instalment
or the EMI should be extremely comfortable for you. Second is check for the affordability. Finding an affordable home and making the space comfortable for you
and your family should gain priority over your passions and other influences.

Sunil Kulkarni, Pune

5th April 2013

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