Buying the home of dreams is not the easiest of the tasks.
It is, undoubtedly, one of your biggest financial purchases from your
lifetime’s hard earned money, so it should go perfectly, be it is happening for
the first time or it’s the last spending.
‘Planning’ comes in whenever you find yourself unable to
save enough money to purchase a new house. Planning of the financial aspects is
equally important if not more as saving. Also, the thing to consider before
buying a house; is it the location or is it the budget? Which is the deciding
force?
Here are five things to be checked before you nail the deal
and move to your dream house:
Budget Friendly
This is the most dominating force when it comes to buying from
the Indian people’s perspective, evident from old saying “Chadar ke hisab se pair failane chahiye” means one should spent
that much he can afford. True, isn’t it? Needless to say it is always advisable
to do a careful study of your finances before you start looking for a house to
avoid a wrong financial decision gives you nightmarish experience.
You are in the best positions to decide whether you are
going to pay all the money one time you are going the most-taken EMI route
Home Loan Options
As the soaring property prices, only few can manage to buy
it in one go and whenever you don’t have
that much cash better for home loans, There are banks that’ll provide you home
loan with the minimum rate of interest.
You can visit the websites of the banks to have information
about eligibility and the rate for home loans. Also there are EMI calculation
apps available wherein you may calculate the EMI.
Decide the choice between ‘fixed rates of interest’ or
‘floating’ or you would like to have a mix of both. Only seek help from the
bank’s relationship manager rather banking on consultant or so called property
experts, your entire financial burden depends on it.
Coming up Locations
It comes after financial calculations are done, deciding upon
the location of your property. Decide, where exactly do you want your dream
home to be? Whether would it is rapidly coming up suburban location or an urban
area? If you wish to live in a peaceful isolated community or close to the main
hustle-bustle of the city, then open your pockets as these things are going
cost you dearly. Instead prefer a location which is rapidly coming up. You can
buy residential property in Lucknow
on the outskirts of the city as it is being developed on the lightening fast
speed.
Your dream home is..
From the very beginning of the purchase procedure you know
about your preferences whether you want to move to an apartment, flat,
penthouse, villa, duplex, row house to a big bungalow. But you know it as your
desire grew bigger so is the size of the budget.
These things depend a lot on the size of your family to the
professional needs of oneself. Is your family going to be bigger any time in
near future while you’re in this house? Do you plan to get a pet? And many
other things among the desires
Get insured with Insurance
policies
Insurance, the most forgotten factor, you go through among the
excitement of buying a property. The overwhelming experience to buy a house
sometimes makes you forget that it is needed to be protected,
It is evident from the former Finance Minister P. Chidambram
“India is one of the most under-insured countries in the world as non-life
insurance sector has a penetration of only 0.7 percent in the country,”
We dearly hope that if not all some of the uncertainties
while deciding to buy a new house would have been answered with this post. Now
go Happy house-hunting with these home buying tips!
Meta Description:
The residential property in Lucknow is soaring high with
budget friendly, home loan options with rapidly coming up locations to variety
of properties available with best of the insurance policies.
No comments:
Post a Comment