4 Home Buying Tips for Beginners

Since time immemorial investing in real estate has been a great value proposition for many Indians. And why won’t it be! After all, it is a lucrative investment option. So, if you too have decided to take the plunge in the market and searching Flat-Apartment for sale in Bangalore, here are a few tips that will help you take an informed decision.

Research is the Core!

Before entering any market, adequate research is of prime importance. Try to read about recent regulations and policy changes in the real estate market along with latest trends that are defining the market conditions.  Also, look for factors for growth such as connectivity and present infrastructure in the locality you are interested in. Further, make sure to study the past growth trends in terms of property prices.

Study the Locality deeply

 If you are planning to invest in an apartment, try to research and find out how have investors who have invested in the same locality fared. Also, check if there are any infrastructure projects in the pipeline as it can be a huge game changer for the area you are investing in and can fetch you healthy returns in the future.

 Take Small Steps

Despite all the research, are you still sceptical about making an investment? Worry now! Just start with a small investment. To begin with, invest in an affordable property and or invest in a plotted development. Analyse the returns over a period of time to see if you want to continue or not.

Take the Plunge when confident!

Once you are confident about your decision and the market, take the plunge. Use the returns made from your smaller investments can be used as capital for your next and big investment.

Points to Remember:

  • Be prudent in selecting the property for your first real estate investment. Investing in an affordable property or a plot is a good option.
  • Developer’s background, credibility and his past projects should be checked thoroughly.
  • Make a list of important documents that you should collect from the developer during buying process.
  • Keep a tap on the market and make a move at the right time.
  • Lastly, since it is your first investment, do get all the documents checked by a lawyer to avoid any unwanted trouble in the future.
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Simple Tips for discovering your ideal property

Buying your dream home or searching flats for sale in Bangalore is one of the accomplishments in everybody’s lifetime. The ideal property depends upon one’s taste and preferences of how the property should look like. To help you with this, here are some important tips that can assist you in discovering your ideal property in bangalore.

Specifications of the property

The first step in discovering your ideal property is to decide upon the type of specifications you are looking at or you require. Prepare a list of the type of property you need and then go ahead looking for them.

Neighbourhood and surrounding localities

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Find a neighbourhood that suits your living style. Go around the neighbourhood and check out the surrounding localities to get a fair idea about the area.

Location and size of the property

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The location of the property is one of the most important factor to be considered while buying your ideal property. Check the proximity to your workplace, super markets, shopping malls, hospitals etc. The size of the property is another aspect upon which you should not compromise. Do not hesitate to walk away from a property if it does not meet your requirements

Age of the property

Both older properties and newer properties have their pros and cons. Thus, before signing upon the sale deeds, be sure of what you need. If you are fond of or fascinated towards living in old home with irreplaceable charm, then go for it. Do not forget to inspect the interiors of the property for any wall cracks, leakage issues, etc. Checking legal documents thoroughly goes without saying!

Check the potential of the property

Opt for a property that can get you higher returns in case you wish to sell the property in the future. Study the past growth trends and look for upcoming infrastructure projects in and around the property.

Choose the Home Loan carefully

In case you are planning to take a home loan, then choose the banks that offer better EMI options and low processing fees. Keep in mind your future expenses and calculate how much EMIs you can afford.