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Tips For First Time Home Buyers
For a first timer planning to buy a home a thorough market research is
essential along with a lot of caution before finalizing a deal. Home
buying has become an emerging trend in the younger generation looking
out for real estate assets for the much desired cozy nook for
themselves. Finance becoming more easily available and with the
booming economy, real estate investment has become the new craze.
Buying a home is a major decision in life and one has to be cautious. The
following advice will be quite handy for a new buyer before he gets to
but his dream.
Few EssentialTips to Guide a
Property Buyer for the First
Time:
Evaluate Your Need and Assess Your Budget-
Be clear about what you want and understand your requirement. It’s
either a home to stay for you or as an investment. Buy a property only
after you have decided on your goal. Be sure about your budget and how
much you want to invest. The property you invest in should be at par
with your monthly income that will take care of your EMI. Financial
planning stands to be an integral part of home buying especially for the
first timers. Step back and review on all the financial obligations that you
have and what your actual income is coming to. This will determine the
amount you can afford to pay as your EMI for the loan per month. It will
be wise to keep aside a reserve of 4 to 5 months EMI to counter any
sudden financial crisis.
Interests have fixed and floating rates. A fixed loan is always stress-free
as it remains constant no matter how and when the market fluctuates.
Floating loan comes with a risk as it depends on the prevalent economic
situation of a country. A thorough study of the different loan options
that are available in the market will help you choose the best suitable
loan. Loan comparison and negotiation with banks can save you big by
giving you a good deal. Negotiation is also forms an important part of a
property dealing. You will have to be aware about the foreclosure
charges from your lender before signing on the agreement.
Know About the Different Rate of Interests
and Compare Loans
Location and Builder to Rely On-
Another very important factor is the location when you are choosing a
home for yourself. A convenient location that is in close proximity to
business areas, educational institutions, hospitals and malls is a necessity.
Choosing a builder with a good credibility can be a boon for you. The
best builders in Lucknow have good market credibility. Find out that the
developer you choose is a member of CREDAI, a governing body for
builders.
Online sites, newspapers are flooded with property ads although it will
be a tedious job to surf all these and it is confusing too. To get hold of
trustworthy realtors there are services that do the job for you of finding
you a good deal. They are dedicated people who do the research for you
according to your needs and pocket and find a suitable realtor. You
should be constantly in touch with the developer, making regular site
visits to keep a track of the work done and the sale deed has to be
shown to your legal advisor before signing on the documents. After you
have closed down in a property and made the first payments you will
receive a letter of allotment bearing every details of the flat.
The above guidance if followed will
save you from future regrets.
Registered Office
Plot No. 73, Ground Floor
Patparganj Industrial Area
Delhi - 110 092
Corporate Office
A-6, Sector-58,
Noida, U.P. 201301,
Phone: 0120-4022333
(M) +91-9711531988
Regional Office
3rd floor, Eldeco Corporate Tower,
Vibhuti Khand, Gomti Nagar,
Lucknow-226010, U.P.
Phone: 0522-4935900
http://www.paarthinfra.com/Website:
Related Articles Before Buying a Home
• How to Make Sure You are Purchasing the Right Home for Your
Family?
• Is Vaastu Shastra Really Important for my Home ?
• Is My Home Earthquake Resistant?
• Did You Check the Construction Quality of Home You are Buying?
• Documents to Check Before You Buy a Home in India
• Guide to Finding the Right Real Estate Agent
first time home
buying tips
home buying
tips
home buying
tips for first
time buyers
tips on first
time home
buying
tips on buying a
home for the
first time
Top Tips For First-Time
Home Buyers
Essential Tips for First-Time Homebuyers
10 Must Follow Tips For First Time Home Buyers in India
6 Smartest Moves for First-Time Home Buyers
5 foolish mistakes first-time home buyers make
20 Easy Tips To Guide The First Time Homebuyer In India
5 Tips for First-Time Homebuyers
What should first time home buyers keep in mind
Ten Tips For
First-Time
Home Buyers
First-time home buyer guide
5 Tips For First-Time Homebuyers
Get First Time Home Buyer Tips & Guide
Get First Time Home Buyer Tips & Guide
Top 10 Tips for Buying Your First Home

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Tips For First Time Home Buyers - Home Buying Tips

  • 1. Tips For First Time Home Buyers
  • 2. For a first timer planning to buy a home a thorough market research is essential along with a lot of caution before finalizing a deal. Home buying has become an emerging trend in the younger generation looking out for real estate assets for the much desired cozy nook for themselves. Finance becoming more easily available and with the booming economy, real estate investment has become the new craze. Buying a home is a major decision in life and one has to be cautious. The following advice will be quite handy for a new buyer before he gets to but his dream.
  • 3. Few EssentialTips to Guide a Property Buyer for the First Time:
  • 4. Evaluate Your Need and Assess Your Budget- Be clear about what you want and understand your requirement. It’s either a home to stay for you or as an investment. Buy a property only after you have decided on your goal. Be sure about your budget and how much you want to invest. The property you invest in should be at par with your monthly income that will take care of your EMI. Financial planning stands to be an integral part of home buying especially for the first timers. Step back and review on all the financial obligations that you have and what your actual income is coming to. This will determine the amount you can afford to pay as your EMI for the loan per month. It will be wise to keep aside a reserve of 4 to 5 months EMI to counter any sudden financial crisis.
  • 5. Interests have fixed and floating rates. A fixed loan is always stress-free as it remains constant no matter how and when the market fluctuates. Floating loan comes with a risk as it depends on the prevalent economic situation of a country. A thorough study of the different loan options that are available in the market will help you choose the best suitable loan. Loan comparison and negotiation with banks can save you big by giving you a good deal. Negotiation is also forms an important part of a property dealing. You will have to be aware about the foreclosure charges from your lender before signing on the agreement. Know About the Different Rate of Interests and Compare Loans
  • 6. Location and Builder to Rely On- Another very important factor is the location when you are choosing a home for yourself. A convenient location that is in close proximity to business areas, educational institutions, hospitals and malls is a necessity. Choosing a builder with a good credibility can be a boon for you. The best builders in Lucknow have good market credibility. Find out that the developer you choose is a member of CREDAI, a governing body for builders.
  • 7. Online sites, newspapers are flooded with property ads although it will be a tedious job to surf all these and it is confusing too. To get hold of trustworthy realtors there are services that do the job for you of finding you a good deal. They are dedicated people who do the research for you according to your needs and pocket and find a suitable realtor. You should be constantly in touch with the developer, making regular site visits to keep a track of the work done and the sale deed has to be shown to your legal advisor before signing on the documents. After you have closed down in a property and made the first payments you will receive a letter of allotment bearing every details of the flat.
  • 8. The above guidance if followed will save you from future regrets.
  • 9. Registered Office Plot No. 73, Ground Floor Patparganj Industrial Area Delhi - 110 092 Corporate Office A-6, Sector-58, Noida, U.P. 201301, Phone: 0120-4022333 (M) +91-9711531988 Regional Office 3rd floor, Eldeco Corporate Tower, Vibhuti Khand, Gomti Nagar, Lucknow-226010, U.P. Phone: 0522-4935900 http://www.paarthinfra.com/Website:
  • 10. Related Articles Before Buying a Home • How to Make Sure You are Purchasing the Right Home for Your Family? • Is Vaastu Shastra Really Important for my Home ? • Is My Home Earthquake Resistant? • Did You Check the Construction Quality of Home You are Buying? • Documents to Check Before You Buy a Home in India • Guide to Finding the Right Real Estate Agent
  • 11. first time home buying tips home buying tips home buying tips for first time buyers tips on first time home buying tips on buying a home for the first time Top Tips For First-Time Home Buyers Essential Tips for First-Time Homebuyers 10 Must Follow Tips For First Time Home Buyers in India 6 Smartest Moves for First-Time Home Buyers 5 foolish mistakes first-time home buyers make 20 Easy Tips To Guide The First Time Homebuyer In India 5 Tips for First-Time Homebuyers What should first time home buyers keep in mind Ten Tips For First-Time Home Buyers First-time home buyer guide 5 Tips For First-Time Homebuyers Get First Time Home Buyer Tips & Guide Get First Time Home Buyer Tips & Guide Top 10 Tips for Buying Your First Home