Anita Kurup
Buying a new home for yourself? We share a few home buying tips that can grant you success in house hunting and help you avoid buyer’s remorse.
DO’s
- Figure out your financial competencies
- Commit to an in-depth financial planning
- Research the neighbourhood – look for a location that meets your needs
- Look up if the property has necessary approvals
- Compare with other listings to avoid overpaying
- Get a pre-approved home loan
- Look up builder’s credentials through reports, other buyers and forums
- Invest in a professional inspection – it will save you time and money later
- Do thorough financial planning before investing in a property keeping in mind your future liabilities
- Think of your long-term needs when buying your home
DON’Ts
- Invest unless the property has all documents
- Invest unless property construction has all approvals
- Your monthly repayments should not exceed 40% of your monthly income
- Overlook space. The home should accommodate all your requirements
- Overlook a home inspection
- Forget your RoI – the biggest house may not give you the expected RoI
- Miss out on research.
