First Time Home Buyer? A Guide For Your First Home

Are you planning to property in Indiafor the first time? Owning a house is a dream for many people, but translating that into reality requires a lot of hard work and financial commitment. As a first time home buyer, you need to put in extra effort, be extra careful and have complete knowledge of the entire process involved.

When you are on the journey to find your dream house, it requires your time, commitment, and effort. You need to weigh your options based on your requirements and budget. Most people like you buy property in India only once, and therefore it is exceedingly crucial to do it right.

So, here's a listicle of tips for your first home that you must keep in mind!

Tip 1: How big is too big?

When it comes to deciding the size of your first home, there are a handful of factors to consider. This mainly depends upon your budget, the number of family members living in the house today and in future, whether the house is only for self-use or you are buying it for investment purposes, etc. Answering all these questions will help you in deciding the ideal home size.

Tip 2: What type of house?

When you are on the go to find property in India, you must decide what type of house you wish to purchase. Today, there is no dearth of choices in the real estate market. You can get everything you want, from a small studio apartment to a villa. So, you must decide on the type of property you want to buy and make sure to opt for the kind that perfectly suits your needs and budget. Also, determine if you wish to purchase a pre-constructed property or a tailormade one to suit your requirements and expectations.

Tip 3: Floor rise

Real estate developers generally levy a higher rate per square footage for apartments or flats located on the higher floors in a high-rise building. This indicates that the rate of the 1st-floor apartment might be cheaper than the one on the 8th floor or 10th floor. Similarly, corner flats are sold for a premium. So, it's important to keep this in mind when you are ready to find your dream home.

Tip 4: Give deep thought to amenities required

You must give a thought to amenities when you are on the journey of buying a property in India. Modern housing has revolutionised the way homebuyers think of their first homes. In today's date, housing apartments in India come bundled with many amenities like spas, gyms, swimming pools, clubhouses, etc. However, the occupants have to bear the cost of these modern amenities. Therefore, you must carefully weigh the need for all these amenities and decide whether they fit in your lifestyle or not. Also, don't forget to consider the garages or parking areas if you own a vehicle, as you will need space for them.

Tip 5: Location is the paramount

Last but not least, you must consider the location when buying a property in India. Picking the house in the right area plays a significant role in living a comfortable life. You must opt for a location with medical facilities, educational institutions and shopping complexes in the area where you can go when needed. Also, consider the availability of public transport like bus stops or the presence of a metro station nearby. When opting for the location, also give a thought to the neighbourhood, the building's society and their rules and regulations.

When you buy property in India, it needs a lot of thought and planning. Make sure you check off all the tips on this list to avoid common hassles that a first time home buyer might face. Also, you can get in touch with Clicbrics, where experienced real estate professionals can help you find your dream home.