Nabil Patel Director DB Realty: Things to Keep in Mind When Purchasing a House

The 21st-century home buyer is in a much better position as compared to the earlier generations, thanks to the advent of the Internet and a rapidly growing economy which has led to an increase in the purchasing power. In today’s advanced age all it needs is the click of a mouse to get all the required information about a property. As per Nabil Patel Director of DB Realty, homebuyers must make careful deliberations while purchasing a house to avoid any problems that may crop up at a later stage.

Before you set out to buy your dream house, it is essential that you should know your priorities. Not knowing about your priorities will create confusion and may even lead you to take the wrong step. So, list out your priorities like the location, type of apartment, connectivity, access to social infrastructure and other such requirements. 

Though we may know our priorities, but, at times, it gets a bit unrealistic. For instance, you may be tempted to buy a luxury home but may not have the finances or the need to buy one. The starting cost of luxury homes is in crores and come with hefty EMIs. So, if you are making a huge investment, you will also have to pay exorbitant EMIs. Before you make the purchase, check out your finances and try to determine how much can you afford on EMIs over a long period of time. Remember that you have other finances to take care of apart from the EMIs. So, be realistic and buy the property that you can afford.

Nabil Patel DB Realty further empathizes on the importance of being cautious as it enables homebuyers to take the right decision. This can be done in multiple ways. For instance, to get an idea of how authentic the builder is, try to find out whether they have the required approvals. Have a candid conversation with the developer to gauge what is their project plan. Ask for a list of people who have already bought property from the builder. Talk to them to find out whether they are satisfied with the project or not.

Though it always helps to have a frank conversation with the developer and the customers, you also need to do a bit of research on your own. From various sources such as property dealers and the Internet, try to gather some information. It is important that you should be aware of the trends in the market. Check out the interest rates and the right time to make a purchase. From time to time, developers launch lucrative schemes. So, find out what schemes are being offered and how they will help you.

Buying a home is a big decision and it is important to distinguish credible developers, like DB Realty, from non-established ones. Established in 2007, DB Realty has built many outstanding projects in Mumbai like One Mahalaxmi. Keeping the above-mentioned points in mind and dealing with a reputed developer would ensure that your home buying experience would be a seamless one.

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Created on Sep 9th 2019 04:19. Viewed 496 times.

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