What homework should you do before buying your first home

Buying your own home is a dream that you may have nursed for many years. Investing in your dream home shouldn’t be an affair you rush through. We believe you should never compromise on the choice of a home as you put in your hard-earned money into purchasing one. As searching for an ideal home might turn out to be a daunting task, we have come up with a simple checklist that can guide you in this process.

Here is a list of things a first time home buyer should keep in mind.

Get the details right

Ensure that you know the exact area of the home you plan to own. For this, do a recce of the property and verify the carpet area of the home. The area mentioned as built-up area usually includes the walls, floors etc that may not be a part of the actual space available in your home. You will want to ensure that the carpet area, the space that you get to live in, meets your specifications. Get help from a trusted real estate agent who can help you with your doubts.

Check for structural problems

Your home is as strong as its walls are. Check for any leaking or cracked walls as they might pose some serious problems in the future. If you are looking for a home in a gated community ensure that your homes have all the amenities as promised. Keep in touch with the concerned agents so that you resolve any doubts before purchasing your home.

Online portals offer lot on information for potential home owners

Verify builder credibility

If you are planning to reserve a property before the construction has started off, it is crucial to research the credibility of the builders. Talk to the developers to verify that they own an escrow account, and ensure that the project is legally approved. Get in touch with existing customers and get all your doubts clarified. While reputation is important, it is not the only criterion. With increasing market competition, even small and medium developers are committed to delivering great value to their customers by being innovative, transparent, and robust in all their dealings.

Project location

The importance of location for a home can never be emphasised enough. A good location for your home will include a reputable neighbourhood, wide open spaces for children and adults, safe walking zones, good schools in the locality, and proximity to offices, malls, and public transport facilities etc. Homes in good localities also offer better resale value.

Calculate all the expenses before purchasing your home

Plan your finances

Buying a home in a prime location and equipped with the state-of-the-art amenities will not be easy on your pocket. Determine the price range you can afford and plan your mortgages accordingly. Do not forget the additional costs that come with buying a home such as registration and legal costs, living expenses, maintenance, and taxes.

We hope these tips help you in your search for a home that meets your expectations. DNR Corporation, the builders and developers in Bangalore, offer luxury apartments in Whitefield Bangalore with world-class amenities that suit the needs of your entire family. We would love to hear your take on what should be considered before buying a home.

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