New Year Resolutions in Buying a Home

Buying a home is not only an important financial decision, but a difficult one too — especially for first-time home buyers. There are a few things which should not be ignored and compromised. Here we look at some factors which are crucial while buying a home:

1. Location
It is the most important factor to consider while buying a home simply because it helps determine not only the future value of your investment, but also many aspects of your everyday life.

2. Quality of construction
Concrete buildings have a finite life-cycle. There are innumerable instances of buildings collapsing because they were built with inferior construction materials or used faulty designs. Therefore, Beware!

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3. Reliability of the developer
Always go for a developer with a legacy behind, ensuring reliability and trust. Make sure the scheme you go for is authentic and trustworthy.

4. Legality of the purchase
Take care of the various legal documentaries to avoid a legal dispute at all costs. Legal are a waste of time and money. Take precautions likewise.

5. Basic infrastructure
Ensure that basic infrastructure like water, electricity and sewerage is not lacking in and around the house you are planning to buy.

6. Parking space
Parking space is an integral factor in living a peaceful life. To avoid having fights with other members in the same society, make sure it has good parking space.

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7. Security
Taking notice of the rising crimes, it is always advisable to stay in a home with good security.

It is true that finding an ideal house is difficult, particularly if you have a limited budget. Also, every person has his own priorities and preferences. To start with, therefore, make a list of ‘must-have’ and ‘negotiable’ things first for finding out a house ‘close’ to your dreams, even if it is not your ‘dream house’!

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