Top Five Tips for First-time Homebuyers

House hunting is a tedious job for any couple aspiring to buy a house of their own. In India, the majority of couples struggle to get hold of a decent property irrespective of their budget. Given the financial constraints, property wannabes keep hunting for the property of their choice but the end result is that very few of them end up getting a property of their choice.

Let us look at some of the tips for those first time buyers who have no prior experience in buying a house

Browse through the online source

With the advent of the internet, real estate companies maintain a plethora of information on their websites about their respective properties along with location and other information which otherwise was not possible in the pre-internet period. Robust information is available online and with the click of a mouse we can get up to date information about the various categories of property a developer has to offer. Right from the location till the total value of the property, a prospective buyer has everything on his computer screen. After browsing through the property list, one can shortlist which property to buy including the preferred location of their choice.

Visiting property Mela

Real estate developers organize routine property fairs once a year in order to cash in on the growing middle income and higher-income buyers. People can update themselves about the various categories of properties on offer with the company representatives and can get firsthand experience in choosing the right property for their needs. Property Fairs convey the right message to the property aspirants about the various projects undertaken by a real estate developer and educate them on the pros and cons of buying the right property at the right place.

Rendezvous with property consultants

The first thing you should do is book an appointment with a property consultant who has extensive knowledge about the property market. Spare some time and get in-depth information about the property you want to buy. Talk to the point and ask questions regarding price, registration, stamp duty, and other miscellaneous stuff. Make sure the property consultant is registered with the Real estate developer association and is authorized to disseminate information. Getting in touch with fake property consultants can be disastrous since buying a property is once in a lifetime event.

Site visits

Site visits can do wonders for your property search since the information a buyer couple needs can be extracted from the construction site itself and can get valuable information about the property being developed. Engineers and contractors working on the site can divulge enough information about the property in question which can enable us to make a decision based upon the information available. Site visits can be helpful to property aspirants in such a way that they can know the size of the property; it’s built-up area among other things.

Eventually, one good advice I would like to convey to the prospective buyer is that he or she should not make a decision in haste and should do thorough research as far as buying property is concerned. Thorough and detailed information is absolutely essential in order to choose the right property with the right price and right location for mutual benefit rather than putting your hands on an expensive and dubious property which may disappoint you at a later stage.