Tips For Buying Your First Home
Is it your first time buying a property? Well, congrats on another achievement. The first home is the most precious thing and valued object. We get involved in the property not just physically but also emotionally. And everyone dreams their first home to be the special one. But new buyers often tend to miss out some important details while buying a property. So, here are a few tips for helping you buy your first home in the city of Bangalore.
It Is Not Just About The Loan
It is obvious that cost will be the first filter while sorting the properties. But it is not just the home loan part that comes in the costing of the place. Firstly, you are responsible for paying the land tax. The next is that you cannot loan the entire amount, you have to make some down payment which is mostly 20% of the entire cost. In addition, there will be other small fees like processing charges, registration fees, etc. Get a detailed idea about the costs and the breakups, and also talk to your agent if there are any other hidden fees you need to pay later. And lastly, do not forget about the maintenance cost later.
Credit Score Is Important
Believe it or not, a lot of the things depends on the credit score, especially for the loans. Your credit score and your account history might affect the interest rates levied on your loan. So, check your credit history because taking the big step of going for property hunting.
It is sure that you people would have thought about it prior to looking for the place you desire. But the location of the property matters more than you can right now think of. It is not just for your convenience, but it also helps in the price of the property in the future (of course no one buys a property without a thought of investment in back of mind). For a better location and more valued project or plots, it is better that you go with big names in the field of plots developers in Bangalore.
Choose Your Property Wisely
This is somewhere an extension of the location part, choose your property wisely. A good property inthe future will give you good returns. Moreover, if you buy the property from a reputed real estate company, then there are more chances of you getting a friendly and great neighborhood. So, not only the location and the scenic beauty matters but the locality and neighborhood matters,too. So, preferably look for some good projects like the NBR hills view sites for sale in Nandi hills.
Lastly, keep your emotions away while doing business. It is your first home, and so it is obvious that you will take decisions emotionally, but avoid that. Thinking emotionally can take you away from good projects and sites in Sarjapur or any other great area in this city of Bangalore. So, keep these tips in mind and happy hunting for your first home.