There are many steps that you need to follow
before buying any house for sale.
Buying a house is a dream for many of us. A lot of planning is needed before
buying any house for sale.
You need to take care of many things before buying any house for sale.
To make it easy for you we have mentioned some steps that you may need to
follow to buy your dream house for
sale.
Figure
out how much you can afford:
The first step on how to buy a house in India is to decide how much you
can afford. Housing loans are extremely popular and easily available which
means you can also factor in a loan value while deciding how much you can pay
for buying a house. It is also important to take a look at your household
budget while deciding this. You need to have enough funds left over for making
investments and meeting household expenses since banks auto debit the EMI from
your savings account.
Decide the location:
The price of the flat depends a lot on its location and the proximity to
major roadways or an airport. Upcoming suburbs outside a major metropolitan
city will be cheaper than buying a flat within city limits. However, you must
factor in the time taken to commute from your place of work to your residence.
Check the resale values:
Checking the resale value of the flat is extremely important. This
depends on a few things such as the builder’s reputation, the locality etc. It
is easy to find resale values on different property portals. This especially
helps in case you want to move in a few years or are investing for the purpose
of investment.
Check your loan
eligibility:
Real estate is extremely expensive in India and not many buyers can
afford to buy it outright with their savings. This is where a home loan comes
in. Most lenders have a home loan eligibility calculator on their website where
you can check for your loan eligibility. The loan eligibility does not
translate into the final loan amount since that depends on the actual property
itself. However, these calculators are a good indicator of how much loan you
can expect to get if you apply for it.
Registration and stamp
duty:
Registration and stamp duty are costs that are paid over and above the
purchase price of the house. These costs differ from state to state in India
and each state has a formula for calculating them. It is important to factor
these costs since this adds to the expense.
Property type:
You can either buy a flat in a new construction or buy a resale
property. New constructions also have a risk of permissions attached to them.
However, new constructions also come with more amenities.
Our website, Cifiyah is an online marketing website
where users can buy, sell and post free ads. It is a classified website with a very
user-friendly platform that allows users to browse between different categories
and select their preferences.
Advantages of using our
website Cifiyah:-
·
People
searching for houses for
sale near me will get results according to their location.
·
No middle
man or broker gets involved in the deals you can deal directly with the owner.
·
You can get
the best houses for
sale at the cheapest possible rates.
