Your search results

Guide to Buying a New House in India

Posted by Balaji on March 16, 2021

Many of us fantasize about buying a home for years, if not decades, before starting

with the execution and buying process journey. We have already begun to consider

how many bedrooms we want, how the living area would look, what the locality should

be like, and how we’ll decorate the interiors, which real estate company to select for

your house.

We often get carried away and make decisions from the heart, particularly when it

comes to purchasing our first dream home. However, it’s still a good idea to bring your

mind along. Buying a house is one of the most significant decisions an individual could

make; it is a Milestone accomplishment that requires extensive research, due

diligence, and a great deal of documentation. This capital-intensive investment

requires a thoughtful decision rather than an emotional dive, from working out your

finances to whether you should consider hiring a realtor.

So, to make sure that your most precious dream doesn’t turn into a nightmare and you

follow the proper procedure, let us guide you through the process with a few home

buying tips to assist you in making a final decision.

Tips to Consider Before Buying A House:

Stable Source of Income:

Buying a house requires endless planning, considering your financial commitments,

low-budget house plan, and other factors. In the current situation of the Covid-19

crisis, people are struggling to pay their EMIs as most people face pay-cuts. So, in case

you’re thinking of buying a house now, then make sure you’ve enough funds without

creating any disruption for yourself later.

Ready to Move-In Properties:

One of the most important advantages of a ready-to-move flat is its immediate

availability. You can move into your new home without any waiting period. You can

enjoy peaceful possession within a short period of time after making the payment and

submitting the necessary documents. You do not have to wait years to take possession

of your home. This is one of the wise decisions during the current COVID-19 time.

Avoid Taking a Personal Loan for Down Payment:

While buying your future house on EMIs, you still need to make a down payment, and

it’s best not to take out a personal loan to cover it. Personal loans are comparatively

costly and don’t count for any tax benefits. And the amount of two EMIs on a home

loan and personal loan can result in a financial burden for the borrower. Instead, you

can finance the down payment through mutual or provident fund investments.

Location of the Property:

Another important consideration when purchasing a home is its location. You should

make sure that the property you select has a well-established social infrastructure,

such as nearby markets, schools, hospitals, police stations, and other important

amenities. Don’t fall for the futuristic possibilities if you plan to shift into the property

right now.

Good Resale Value:

Resale sale Value is an important thing to consider before you plan to buy a property.

Property buyers never consider resale value when they buy. They make the mistake of

concentrating solely on a prime location or the property’s budget. If you choose the

wrong property or location, your future sales price will always be lower than the other

homes in the town.

Hire a real estate agent

It’s better to hire a real estate agent when looking for property to invest in India. A

local agent could be a real asset in finding your dream home. Some of the work done

by real estate company are:

A real estate agent eases your task of finding a house. Otherwise, you’ll have to walk

down every street looking for a for-rent board. I know there are options like looking for

advertisements on online sites or newspapers, but you never know if an ad that is a

week old is still available.  Not everyone takes down their ad from websites.

If the broker is good, he will understand your requirements and will show

apartments/houses accordingly. By requirement, I mean something like rent, semi-

furnished or furnished apartments, open space, wide windows, modern doors, etc.

He may also help you with things like rental agreements, negotiation, and proper

documentation of the property.

Now you’ve got a guide with all the essential home buying tips with you, have look at

our property listings to find the best home for you. We are one of the top real estate

company in Bangalore.

Leave a Reply

Your email address will not be published.

  • Experience World Class Service

  • Excellent
    Based on 172 reviews
    Suresh K Krishna
    Suresh K Krishna
    3. July, 2023.
    I was very happy with the service provided. Gangadhar was very prompt and responsive at all the time till the completion of transaction.
    Umesh Shanbhogue
    Umesh Shanbhogue
    21. June, 2023.
    It has been an incredible and wonderful experience having Mr. Gangadhar Gowda's support and advice during the purchase of our flat. He is a good advisor and counselor! We are grateful to him for making the process much easier than it could be.
    Pushparani Bn
    Pushparani Bn
    17. June, 2023.
    Coldwell Banker Team helped me to get a BDA plot in E auction. Thank you each and all for the team......
    Krishna Prasad (Krishna)
    Krishna Prasad (Krishna)
    16. June, 2023.
    This is an amazing team, who guided me at every step of my purchase. Sathish, Gangadhar are professionals and they know how to help their customers get to their dreams. Thanks a lot.
    Raju P
    Raju P
    3. June, 2023.
    Balaji sir was nice working with you Thank you...
    Venkat Eswaran
    Venkat Eswaran
    25. May, 2023.
    We bought an apartment in Bangalore recently and Gangadhar made the entire process easy and seamless. Our experience with Gangadhar was outstanding and he took care of all the requirements for the property transfer end to end in a compressed timeframe. Gangadhar was patient, provided good advice and listened to all our requirements. He went above and beyond to help with a variety of other matters as well. I would highly recommend Gangadhar and his team.
    Ashwini Balakrishnan
    Ashwini Balakrishnan
    18. April, 2023.
    Mr. Balaji is our family acquaintance and is known to us for several years, he is also involved in philanthropic work, It is our good fortune that we entrusted the sale of our ancestral property to Mr. Balaji and his company. Mr. Balaji and his team of trusted lieutenants ensured the process right from selecting the buyer till completion of sale was completed without any hiccups and took care of all the paper work. Balaji and his team were willing to go the extra mile to ensure the sale was complete as per agreement. We would like to commend Balaji and team and hope we will have the opportunity to engage him again in the future. Wishing Balaji and team all success personally and professionally.
    Shubha Raghu
    Shubha Raghu
    18. April, 2023.
    We were introduced to Mr. Balaji by our sister sometime back for helping us sell our property. More than a broker he has been a good friend and guided us well through out the entire process. He has always been more than ready to help us. Our heartfelt thanks to him for a smooth journey in selling our property. I will definitely and strongly recommend his name to all my relatives and friends. Wishing him and his company success in all his future endeavours.
    • Bangalore Construction industry Drones Home Safety Tips Invest in Real Estate New projects Online Rental agreement Registration Charge Rental agreement Residential Stamp Duty upcoming

    • Our Latest Listings

    Compare Listings

    Thank you for contacting us!

    Enter Your Information

    Verified by MonsterInsights