Everyone dreams of buying their own house. For this, people invest their entire life's savings. Today, property prices have reached the seventh sky. Especially people prefer to buy a house in cities (Home Buying Tips) more than in rural areas. Due to this property rates are growing rapidly in cities.

Here people prefer to buy a flat/apartment in a ready-made society or building (Tips to buy flat/apartment). But in such a situation, you have to take care of some basic things. So that you do not have to face any trouble or loss without any reason. If you are buying a house for the first time, then definitely know these five things.

Emotional as well as financial

Buying a house (home buying tips) is related to emotions. It gives people a feeling of security emotionally. Before deciding to buy a house, you have to pay attention to many things. The first thing that comes is the financial situation. The way property prices are increasing today, it is not easy for everyone to buy or build a house. In such a situation, if you are buying a house for the first time, then definitely pay attention to some important things.

The most important thing is the right location.

The most important thing in buying a house is the location. If you do not buy a house at the right location, then it can prove to be a big negligence. And you may have to suffer a big loss. Therefore, wherever you are buying a house, if that area is less developed, there is not enough public transport, there are no facilities like schools,

and very few people are living here, then you should not buy a house in such a place for the sake of being cheap, because this will increase your transport expenses and time will also be wasted. Along with this, the property price will also not increase. If you are planning to buy a house, then you should buy a house at a place where there are more chances of development. Check the location thoroughly before buying a house.

Know these things before taking a loan -

Usually, 10 to 20 percent of the house price has to be made as a down payment. The rest of the money is financed by the bank. You can also take a home loan to build a house. Getting pre-approval from the bank for a home loan is good. Banks assess your loan repayment capacity and tell you how much loan you can get. This helps you find a house within your budget. Also, you get an idea of the down payment. If you talk to four to six banks or NBFCs, you can get a better deal for the loan.

Make arrangements for these expenses before buying a house -

Most people take the help of home loans or other loans to buy a house. And they are hardly able to arrange the money. But let us tell you that there are many other expenses in buying a house. Like registry, maintenance, or other charges. In such a situation, before buying a house, make arrangements for the expenses in addition to the loan. Avoid rushing to buy a house. Before buying a house, arrange money for extra expenses, then prepare to buy a house.

Do not trust the builder/dealer-

Usually, people prefer to buy houses in cities and when they buy property there, they are completely unaware of that city and the people from there. Therefore, people take the help of builders or property dealers to buy property in cities. Often cases of fraud by builders or property dealers keep coming to light. Whenever you plan to buy a house, do not trust the builder or property dealer blindly.

There are lakhs of people who had booked a house or flat many years ago. They have not got the possession of their house even today. In such a situation, on one hand they are paying the loan installments and on the other hand they are also paying rent. In such a situation, the financial condition of the people becomes bad. Therefore, instead of trusting the words of the builder or property dealer, you should inspect the house yourself.

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