| Mon Apr 06, 2015 | Total posts : 1 |
|  Topic: 5 Things to Know Before Buying a House
1) Hunt for location:
Every home buyer has their own personal choice to reside at. Finding a good location is one key factor for buyers before buying a house. This process needs lot of research and time, as the activity happens rarely to the investors. The key things to look for good locations are well connected roads, better facilities with respect to hospitals and educational institutions and it should be free from land related issues. The buyers should also look at the security measures of the location which is an important factor in current date.
2) Check your Affordability factor:
Buyers need to keep aside their emotions and should concentrate at the affordability aspect, whether they can buy a house at this moment or not. Day by day, properties prices are touching sky and the market price also varies for each location. Buyers should invest carefully before buying a house which in future should fetch no tension for them. Also, the investors need to research on the property to look into all the desired things within the given price.
3) Do not overlook the budget:
Budget is one important thing that needs to be planned before hand. It is always better to stick with the pre-planned budget and never to go beyond it. Home buying process involves immense investment and sometime it is the biggest purchase for some buyers. Exceeding budget may bring troubles in future, which in turn may put you through cash crunch situation.
4) Secure Loan approvals:
Home buyers should secure their loan approval before buying a house. To avoid future problems, it is always better to secure home loan and get pre-approval in the first place, which will also provide you an idea about your investment. Many buyers forget this step and face problems regarding loan issues and affordability, in later stage.
5) Do not overlook minor problems:
Most of the home buyers overlook problems before shifting to a house. For example, if the house is in prime location with better facilities, buyers get ready to move in immediately by overlooking minor things like kitchen, bathroom, ventilation, floors and other things that need to be fixed which could actually cost more in later stages.
For more information about plots/flats/house in hyderabad visit : http://www.askme.com/hyderabad/ads/houses-for-sale
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| Mon Apr 06, 2015 | Post #1 | JAI PRAKASH
Join date: May 2014 | 10 Important Things to Remember Before Buying
Flat/Apartment:
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Legality
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Builder Reputation
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Competitor Work
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Project Location (Future in Perspective)
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Features & Specifications
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Loan Facility
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Wish list/Priorities
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Budget/Add on expenses
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Area calculations
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Price | | |
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Foundation-Construction Questions (39) | |
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