5 Important Tips for First Time Home Buyers in India

by Kristen White Blogger

Buying a new home anywhere in the world can be a daunting task. It is especially difficult to buy a real estate property in India since there are many possible hindrances, like title defect, complicated laws, and condition of the property, getting finances and dealing with brokers. If you are a first time property buyer you must deal with the entire process in a systematic way to reduce the stress.

If you are a first time property buyer, it is very natural to feel the excitement and tension. Buying a new home is one of the most important decisions for many Indians; it brings new expectations, hopes and dreams. Typically, people tend to get overwhelmed by the whole experience that they often ignore the important technical points they must consider before buying a new home. If you are an amateur buyer and are looking for best apartments for sale in Kochi, you must consider the following tips.

Location is Vital

The first and foremost thing to consider while buying a new home is the location; hence, you should be very careful about it. The apartment must be located at an ideal location where it has good infrastructure facilities around. The important utilities such as schools, hospitals, market are easily accessible.

Be vary of the budget

If you are a first time home buyer it is easy to get over ambitious and buy a property that is way above your affordability. It is best advisable that you have a predetermined figure and narrow down the choice of properties to fit your budget range. While determining the budget, you must make sure that you consider the income and expenses in the near future and sufficient financial arrangements before you start looking for the properties.

Take a close look into the construction parameters

Although it may sound too boring and uninteresting to look at the technical aspects of the home, it is vital that you look at it closely. Make sure that you ask the broker or the builder about the various features and facilities that are available in the apartment that wish you buy. As a buyer you are entitled to know about the safety features in your home.

Enquire about the legalities

It is not very uncommon for the first time home buyers to get involved in a legal battle with the construction companies, builders about their newly brought home. It is important that you enquire about the legal documents relating to the land/plot where the apartment is build. Make sure that the seller has all the documents clear and has procured the necessary licenses from the concerned authorities.

You can consult an expert property advisor and ask them to verify the authenticity of the documents. If the builder denies providing any document, it is possible that they are hiding some important information about you. If you feel even a slightest bit of hesitation regarding the legalities of the property, move on and find another property.

Ask the seller about the possession time

While buying a new apartment it is absolute right to ask the builder/seller about the expected time of possession. Don’t believe the words of the seller if you are booking an apartment that is under construction; the builder may lure you to buy it and promise quick transfer of possession. Observe the condition of the apartment carefully, if you think the seller is bluffing, don’t deal with them.

Don’t make your decision based on the sample flat

It is a very common practise among the builders that the try to convince the potential buyers to buy the property by showing them a sample flat. Remember that the sample flat is specially built with the best features and it is highly possible that you would not find the same feature in the flat you buy. So while looking for best apartments for sale in Kochi never make your decision based on the sample flat.