Home Buying Guide for Absolute Beginners

Do you plan to stay in one place for the next few years? Do you hate the ritual of transferring a huge sum of money to your landlord’s bank account every month? Do you have enough savings to buy a beautiful apartment in a project like Yash Arian Memnagar, Ahmedabad? If your answer is yes, then this is the perfect article to guide you through what is otherwise a daunting task.

Your decision to buy your own home invites suggestions from everyone. These concern the EMIs, your hunt for the right property, loan approval, and finally the interiors of the house. All this will seem too difficult to gulp all at once. Thus, it is wise to take one step at a time, and to think straight and clearly before you close the deal. Let’s see which steps you should prioritise:

1. Choosing the house: Jot down all your needs. These may include the preferred location, size of the property, and proximity to schools, hospitals, markets, etc. Once you have considered these, it would be easy to convey your choice to the agent. Pacifica Reflections Ahmedabad has 2, 3, and 4BHK apartments and is strategically located in western Ahmedabad.

2. Verify the builder: With so many crooks posing as builders and thus not completing their projects, you would want to save your money from someone stealing it. Hence, ask for all papers and completion documents of the plan.

Confirm from the developer the actual date of project delivery, and in case of any delay or problems later, what penalty the builder will pay. You can also read reviews about their previous projects and gather feedback. US firm Perkins Eastman is the designer of Yash Arian Memnagar. This ensures that the project is of superb quality.

3. Pre-approved home loan: It is important to get your loan pre-approved before you start looking for a house. To get the best interest rate, always compare more than two options. Not only banks but also NBFCs like Bajaj Finserv also offer good deals on housing loans.

For instance, Bajaj Finserv brings you pre-approved offers for home loans and personal loans, as well as different EMI financing options. This simplifies the process of financing and helps you save on time. You can check out your pre-approved offer by sharing a few basic details.

4. Sale agreement: After closing the deal, you should check the sale agreement and register the house under your loan. This is important because the lender won’t disburse the loan if registration is not done. Besides, this helps in case of any legal issues in the future. Since you own the property, the builder will be liable to pay you penalty if the project gets delayed.

Do a complete house inspection before you accept the keys. Look for any cracked tile or marble, or if there are any leakages, and check if the bathroom fittings are what were promised. If air conditioners have been provided, don’t forget to take the warranty cards. Same goes for any white good, if provided.

Conclusion

Your search for the perfect house may take more than three months. Dealing with agents and lenders can be quite exhausting. Hence, you should make a list of your needs and do extensive research. Take feedback from friends and family to find the best agents. Read about upcoming projects and the future of real estate.

Yash Arian Memnagar and Pacifica Reflections Ahmedabad are good options if you are planning to buy property in Ahmedabad. They also have commercial space for sale. Both projects come with modern amenities like club houses, swimming pools, badminton courts, and more. Book a property that fulfils all your priorities, and this will ensure a good long-term investment.

About This Author

Rupali Garg Joined: January 29th, 2019