The Independent Woman's Ultimate Guide to Buying a Home

A decade ago, an independent Indian woman capable of buying her own home was a rare case. But things are different now! With women holding leadership positions in almost every field, it is not uncommon to see them buying their own homes at an early age. In fact women of today’s society have become an influential force in the real estate market. Even the real estate developers are aware of the
fact that women play a dominant role in a family’s home buying decisions.

We list down the points that every independent woman must consider when buying a home in India. Whether you are unmarried, married or a retiree planning to buy a home to spend your golden years, follow these steps to dominate your home buying process:  
 
1-Detailed planning: with affordable housing and availability of so many options, house hunting can become a daunting task. To simplify the process, it is important that you do detailed planning. Start with setting a budget and discuss the loan eligibility criteria even before you start your house hunt. Once that is done, determine the area you want to buy property in. For single women, finding a home close to the work place makes sense as it will not only reduce the travel time but also reinforce the safety aspect if working hours are odd. However, if you intend to let out the property on rent, choose a business district as that will have many rental takers. For women planning to buy property in Mumbai, investing in a 2 BHK in thane ghodbunder would be a great idea as the area is coming up as a leading residential location, with exceptional connectivity and excellent infrastructure.  

2- Do site visits: once you have selected a property which looks best on paper, the next step is to schedule site visits. Do note that it is difficult to gauge the available space in a raw flat. So ask your builder to show you a model flat as that will give you a better idea of how the finished apartment will actually look like. When discussing the property with the marketing person, do ask for the breakdown of various charges in the final cost. It is imperative that you check out the neighbourhood and speak to the people living in that area. Know about the connectivity and transport in the area. For women who do not own their own vehicle, it is important to ensure that safe transport options are available at all times.

3- Know the occupancy rate and have all the legal documents: the next step in the buying process is to know about the occupancy rate of the building. It is important to ensure that the building you are shifting to is at least fifty per cent occupied. This will not only reinforce a sense of security when moving into your new home but also make sure you have enough company. You must also have a copy of all the legal documents, including the occupancy certificate. So, if you are buying a 2 bhk in ghodbunder road thane, make sure that all the documents are verified by a lawyer before you make the final payment.

4- Move in: this is the last step and comes with its own set of expected and unexpected expenses. To avoid unnecessary expenditures as soon as you move in your new home, it is advised that you concentrate on buying the basic requirements first and then move on to making big additions to the home. Start with purchasing the essential appliances, furniture and install all the safety devices such as extra door locks and door bells with camera. You can later add cupboards in every room, crockery shelves and opt for a modular kitchen as per your needs and requirements.           

Remember, property buying is a long term asset. It will be a time-consuming process, especially if you are buying property in an unfamiliar city. Stay focused, be realistic and do adequate planning to ensure that your purchase is a smart financial move.

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Created on May 23rd 2019 00:39. Viewed 335 times.

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