The decision of buying a home is important and needs prior attention of the buyer. For the first time home buyers, many factors are there to be taken into consideration so that everything goes well. Thus, such property seekers should prepare a checklist on the basis of which they can move further. This list should include every important factor that can help in making the final decision of owning a property correctly.
Following is the checklist that includes each important factor, which is needed to be taken care of, by the new realty buyers:
Get in touch with a reliable real estate consultant
Buying a property through a reliable real estate company is the first and foremost thing that a buyer should think of. If the person is sure of the quality of services by its real estate company then the output would be expected as satisfying. Thus, one should confirm about the image of the real estate consultant along with its background.
Size, Location and Connectivity
These are the basic factors that buyer has to decide on the first place. Once he/she is clear about what size to be taken and at which location, the properties can be looked for. Buying your home at a strategic location would ensure better connectivity, which is a significant factor for every home buyer. With the assistance provided by the real estate consultant, the home buyers can decide about the best and the most ideal locations.
Check the availability of projects on the basis of these three factors
The buyer with the support of its real estate advisor should check about the available projects. He/she should look out for the suitable projects on the basis of the planned budget and other requirements as well. The buyer needs to check all the other properties that fall into his budgets and accordingly take the decision.
Check Pricing along with extra charges
Once the buyer is clear about the final choices, per sq. ft. prices along with all the extra charges should be confirmed. Some properties hold hidden charges that the buyers get to know of at final stages. This causes inconvenience and dissatisfaction of the buyers. To avoid this, the home buyers need to confirm this well in time with the developer.
Pick the right payment plan
The mode of payment and intervals at which the buyer will pay the installments is crucial. One should decide wisely on which payment plan should be taken. By choosing the most appropriate payment mode, one can head conveniently for the payments.
Check whether the project is bankable
Financial planning is exceptionally important when it comes to owning a property. For this, the buyers need to make sure that the project they have finalized is bankable. By ensuring these financial constraints associated with a property, one can go ahead.
Research about the reputation and background of the developer
The home buyers should also do a bit of research to know more of the background of the developer. They have to check about the properties delivered by the builder along with its image in the real estate space. By doing this, they can be assured of their association with a trusted brand.
Check about amenities
The buyers should also know well about all the amenities that the builder is promising for. If a Club and Swimming Pool is there, the sq. ft. area has to be checked. Along with this, the buyers also need to check about the green area surrounding the property.
Future development in the adjoining areas
The development taking place around the project is another factor that has to be considered by the first time home buyers. They should know it well in advance about what are the commercial developments that will be taking place in the area. Apart from this, one should also look out for the other projects surroundings the property. This ensures about the future prospects associated to a particular location.
Take assistance of experts for paperwork
The final step in owning a home is to do the paperwork, which has to be done wisely. For this, the home buyer can take the help of the real estate advisor, who are aware of the complexities involved in this process. With their assistance, the buyer can avoid any sort of mistakes while doing the paperwork and other legal formalities.