Top 10 Tips for First-Time Home Buyers

When buying a property, it’s important to have a checklist that outlines your preferences and requirements. Whether you’re a first-time homebuyer or looking for an investment opportunity, a home-buying guide can be very helpful. If you’re buying for personal use, the process is relatively straightforward. In this piece of writing, we will discuss tips for first-time home buyers. Let’s delve into it.However, if you’re considering it as an investment, your goals may include earning rental income and property appreciation. Before we get into buying house tips, it is important to figure out what kind of house is best for you. Furthermore, consider your budget, maintenance costs, and investment objectives to make an informed decision. Likewise, you can select from apartments, residential plots, or villas. However, selecting the right property can be challenging, especially for first-time buyers. It can be beneficial to seek advice from someone who has experience in real estate or has recently purchased a property.

Guiding Tips for First-Time Home Buyers

When it comes to buying a property, whether for personal use or investment, it’s important to keep the following tips in mind. These are the special tailored tips for first-time home buyers and these are the basic things which one shouldn’t ignore.

1. Check for Bank Approvals

Check to see if a dependable bank has approved the project you interested in. This guarantees adherence to financial and legal requirements.

2. Verify Property through RERA Registrations

This is the most important first time home buyer tips for you, and we suggest checking to see if the property registered with the Real Estate Regulatory Authority (RERA) and verify the RERA number via the official website.

3. Consider Amenities and Specifications

Take into account the amenities and specifications offered by the property, aligning them with your desired lifestyle.

4. Review Maintenance Costs

If the project has various amenities and features, inquire about the annual maintenance costs to understand the overall cost of living in that particular project.

5. Request an Aerial View

Ask for a drone shot of the view from your potential new home. This can help you assess factors like floor level, balcony view, ventilation, and natural light.

6. Look for Noise-Canceling Features

If the property is close to a busy road, find out if the developer offers sound-proof windows to reduce outside noise.

7. Consider Vastu Compliance

While beliefs may vary, many homebuyers consider Vastu compliance. Check if the homes built by the developer adhere to Vastu guidelines, if it’s important to you. This is one of the optional tips for first-time home buyers, as not everyone has preference for vastu or astrology.

8. Explore Social Infrastructure

Assess the social infrastructure and connectivity across the city. Look for a property that is well-connected and offers access to quality healthcare and education facilities.

9. Considerations for NRIs

If you’re a non-resident Indian (NRI) purchasing property in India for the first time, there are additional considerations to keep in mind.

10. Finding a Trusted Real Estate Agent

It is crucial when searching for your dream home. A reputable and experienced agent can save your time and effort in the process. It’s important to look for an agent who specializes in the type of property you’re interested in and has a good reputation in the community. They can assist you in finding properties that align with your needs and budget, offer valuable insights into the local market, and guide you through the entire buying process. Best Example being, real estate agents from our team.

Additionally, considering the resale value of a property is essential, even if you plan to live in it for a long time. Look for homes in desirable neighborhoods with all the amenities nearby. Assess the condition of the home and whether it may require significant future renovations. Solid return on the property you are buying should be a point to consider and for that investigate for resale value too.

Conclusion:

We hope and believe this guide for first time home buyers will help you make an informed decision and find a property that meets your requirements and preferences.

As you can see, it is essential to follow the tips for first-time home buyers to exercise due diligence and invest in a trusted property from genuine dealers. And we at 99Pillars will help you through the entire process of buying, from start to finish. This will ensure a happy and joyful experience for you.