Home is one most desirable thing to have for everyone out here. Whether it is big or small it is a must. But it is not an easy task for everyone to find one, some spend years and years to find a perfect house and make it a perfect home. The age where you can plan to make your home is in the 20’s so you have your own shelter at the correct age ready for your family. Where you can understand all your strengths and put them in the correct direction because buying a house is not just a cake walk.
Buying a home is the topmost purposeful decisions that one ever makes in their lifetime. So below are few things that I personally considered. While buying apartments near Marathahalli outer ring road you too can consider these mentioned pointers:
1) Have trustworthy realtor: It is a must to know that realtors get a certain amount of the selling price of a house because of which the buyer hesitates in using a realtor, due to which they believe that it drives up the total cost. But one thing to be kept in mind is that the seller pays the commission and not the buyer. A realtor who has practical knowledge can protect your interests and help you through the buying process.
2) A house purchase involves a contract: While buying a house there is a lot of paperwork involved and a lot of them to be signed as a contract. A standard contract will not let you get a clear picture of it being negotiable or not. You shouldn’t be signing a standard contract because these contracts can be negotiated. And in case you still want time to inspect the entire contract again or see other options available for you to help make the purchase such as a mortgage or play any random tests this is where a knowledgeable realtor will play an important role.
3) Ask yourself whether you are ready for this commitment: It is supposedly one of the biggest purchase of your entire life. You should firstly ensure that after you buy the house you will be living there for good five to seven years to recur the cost of your purchase. Buying a home doesn’t end there it requires time to time maintenance in many other aspects also and you should be ready to face them any point of time after the purchase.
4) Know your finances: When it comes to buying a home consider all the aspects of your finances in hand, or which are yet to come. As said before buying a home doesn’t end there after you become the owner you are responsible to pay the insurance coverage, property taxes or any amount that would come under the maintenance policies. The very important thing to consider how much finance you have in hand and how much you can devote monthly for the required payments, mortgage fee or loan fee if any.
5) Buying a house according to the affordability: If you are more engaged in to any social circle it looks good to buy a lavish house paying mortgage. It will be easy but you should be practical considering your salary or your income how much is left in hand to run your routine life after paying all the taxes, mortgages. Running your daily routine should not get heavy on your pockets so always but a house you think you can afford considering all the possible expenses.
6) Find a trustworthy lender: A lender will always consider your bank statements, salary slips and your spending habits just to ensure whether you are worth repaying him or not. There are many lending institutions available. Check for the correct one before you freeze on to someone. All the lenders are different some may be lenient and some may be very rigid when it comes to the buying history.
7) Don’t assume the purchasing price to be the final price: The cost at which you buy a house is not the final price. Also consider the costs which will come after buying the house basically the improvements that come up after buying the house. The location is also an important aspect to be considered especially the accessibility to the day to day places like choosing in a central location such apartments in haralur road where daily commuting becomes easy. At times the house may be cheaper than your expectation but it will prove costly to you, mainly because of the taxes.
Having known these aspects will help you find a perfect house with a fine financial investment.
