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The 5 Steps to Buying a House

Author: Vicinia Shapoorji
by Vicinia Shapoorji
Posted: Mar 27, 2020

Buying a house is indeed a materialistic investment, but it’s also to do with your emotional connection. You can't purchase your dream house time and again, so you need to make the right kind of investment at the right time. Buying a house according to budget and other considerations is quite a challenge, as you have to look for options that provide you with complete amenities within the right location.

Shapoorji Pallonji Vicinia project is a dream project for any homebuyer or an investor. If you are looking for 2 BHK apartments in Chandivali, then this option is simply the best. However, for now, here are a few steps that you need to keep in mind before buying a house.

1] Access Your Needs and Know About the Locality

The first step is to access your needs. If you are looking to buy a dream house, you should know what you need. Do you require an added storeroom or extra space? Do you need a separate room for your kids?

Also, the locality you select plays an important part. A well-connected space will help you get a good appraisal value in the future. Location access is important, even for good connectivity. A prime location with good prices is always a safe bet.

2] Budget Consideration

Once you are sure about the area, the next step is the find a house that suits your budget. Well, real estate prices have increased over the last ten years by 8 fold. Getting your dream flat in a budget will surely be a tough job but not impossible.

If you have a good budget, you can get a 2 BHK flat/apartment in Chandivali's Shapoorji Pallonji Vicinia project. Your dream home is just a click away, so consider the options.

3] Loan Availability

The home loan availability depends on the income, debts, repayment capacity and age of the loan applicant. Most banks and financial institutes offer online loan calculator. As a homebuyer, you have an option to avail of the whole loan amount depending on your repayment capacity or opt for half the loan amount with feasible interest rates.

The max loan amount that you can get also depends on individual bank's terms and policies. The home loan rates also change depending on market conditions and the economy. It is important to know all the terms of the home loan before you apply for it.

4] Crosscheck The Builders' Credentials

Before buying a house its important to check the builder's credentials. Enquire about the builder's past, ongoing, and future projects. Get feedback from people about the builder. A renowned and experienced developer understands the pulse of a homebuyer. The buying process is a tad smoother if the builder is well acquainted with things.

You should also consider the builder's commitment to executing the projects as per the plan and track record of timely possession of the flats. A builder with a credible reputation and goodwill will never let you down. Here, Shapoorji Pallonji is the name you can trust.

5] Consider the Checklist Before You Finalize the Deal

Make a checklist of the documentation part while buying a house. Check the actual registration fees and transfer fees along with stamp duty details. Find out the amount of stamp duty depending on the market value.

Check if there is any additional cost to be paid along with fees. Before you sign the deal papers, you should cross-check your name, address, and PAN number. Also, check on the address of the property being bought.

Check the clause of parking if any. Your checklist should have all the document's names. Scrutinizing the documents will make things easier for you. When you buy a home, you make a one-time investment. Your dream house should have all the possible amenities and facilities along with complete security.

You are going to make so many memorable memories with your loved ones in your dream house, so it should be special. Invest in the Shapoorji Pallonji Vicinia project as that'll offer you a feeling of your dream abode.

About the Author

A home you’ve always imagined your future self living in. Located in close vicinity to Chandivali Film Studio and Powai, a home in Vicinia means that you’ll be flaunting the most coveted address of the suburbs.

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Author: Vicinia Shapoorji

Vicinia Shapoorji

Member since: Jan 28, 2020
Published articles: 1

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