PART 3
Although with no dearth of information, in this 5-part series on being a first-time home buyer, I share my thoughts and experiences of buying my first house. Click on the links to check out the earlier posts in this series.
Know Your Objectives
Setting Budget
Do Your Research
Nothing beats research and all the research in the world can fall short. You can go in with all the knowledge and understanding and yet be blind to the shortcomings.
Before we went hunting for our home, first we researched to understand a little bit the functioning of the real estate industry as well the locations that we would like to stay in. The price band for every location. We even researched our resources and sources and the options available within our budget. Once we had finalised on the location, we researched the inside out of the place. We physically went to the locations several times and in different time zones of the day and said no to many good properties as it there was security problem at night time. All this gave us the satisfaction of knowing that we are in for a good deal before we finalised everything on paper.
This is also a good time to research regarding bank loans if you are availing any. We had enquired with almost all the leading banks for their interest rates, availability of the loan amount, time for sanction and release of loan and terms and conditions. However, we did not anticipate a few things which would talk about in the next post.
Next Post - Bank Home Loans
Although with no dearth of information, in this 5-part series on being a first-time home buyer, I share my thoughts and experiences of buying my first house. Click on the links to check out the earlier posts in this series.
Know Your Objectives
Setting Budget
Do Your Research
Nothing beats research and all the research in the world can fall short. You can go in with all the knowledge and understanding and yet be blind to the shortcomings.
Before we went hunting for our home, first we researched to understand a little bit the functioning of the real estate industry as well the locations that we would like to stay in. The price band for every location. We even researched our resources and sources and the options available within our budget. Once we had finalised on the location, we researched the inside out of the place. We physically went to the locations several times and in different time zones of the day and said no to many good properties as it there was security problem at night time. All this gave us the satisfaction of knowing that we are in for a good deal before we finalised everything on paper.
This is also a good time to research regarding bank loans if you are availing any. We had enquired with almost all the leading banks for their interest rates, availability of the loan amount, time for sanction and release of loan and terms and conditions. However, we did not anticipate a few things which would talk about in the next post.
Next Post - Bank Home Loans
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