Tips And Guides For Buying Property

Buying property is not such an easy affair after all. It requires perseverance, patience and careful study and research. You may be wondering about the amount of study and research required for buying property. However, this is imperative to ensure that you are getting quality value for your investment. Real estate is still regarded as the best investment vehicle in India at least. People thus naturally aspire to own property both for personal use and for habitation. Before looking at properties, you should first keep in mind the following things:

• What is your budget for the home? 
• Do your home expenses surpass more than 40% of your total income? 
• Will you be able to afford the down payment for your home? 
• Are you looking to buy residential, rental or commercial property? 
• Are the prevalent rates of interest charged by banks acceptable for your budget? 
• Will you get your desired loan repayment period? 
• Is the monthly EMI acceptable? 
• Can you put up additional money for repairs, renovations, furniture, painting and other necessary activities? 

Once the basics are in place, you can move on to looking for property for sale options. Where can you find these options? You should look no further than online property classifieds portals. You will find loads of advertisements listing homes and apartments for sale on these portals. You have to choose from among these advertisements and reply to the seller immediately. Apart from replying to the advertisements, you can also contact the developer or seller directly if there are any personal contact details provided. If all else fails, you can post your own advertisement which contains your ideal budget, location preferences and other requirements.

Online classifieds will give you swift responses in a very little duration. You can find properties yourself without having to rely on third party support. This will save you from the clutches of agents or brokers who will only inflate prices to earn their commissions. You will be able to find properties in your desired location or other Indian cities without any problems. Once you find properties and arrange for appointments with sellers, here’s what you should always look out for:

• Hidden expenses involved in the project like water connections, sudden repairs and other necessary amenities. Developers often try to shirk these responsibilities and transfer the costs on to the buyers
• The location of the apartment in question. Is it close to basic facilities, transport centers, malls and other necessary amenities? 
• Is the apartment situated in a hygienic and safe environment? 
• The common facilities and amenities provided by the developer
• Sound pollution and other existing menaces in the area

Once you have ticked off these boxes, you should be able to move forward swiftly with the deal. Always remember to have a lawyer or advocate take a look at the property papers in order to avoid hassles later on. Follow these tips and buy property without any headaches whatsoever!