subject: What You Need To Check Before Buying A House? [print this page] Buying a property is not an easy task as it involves a lot of nitty-gritty. Therefore, it is important to have a checklist ready when you are planning to purchase a house. This would make sure that little details that you have in mind over the new property that you are intending to purchase is covered. Avoid getting into hassles with the real estate agent by making out a checklist before embarking on your journey for a house.
Ideally, your checklist should contain the following points:
Budget - very important:
The foremost point to be considered before buying a house is the budget. Yes, affordability is the most important factor because without planning out your finances you cannot go ahead dealing with the real estate agent. Once a decision on the budget is arrived at, then it would be much easier to zero in on the property.
Finance options:
Not all property buyers do so with hot cash on hands. Check out the finance options open to you. Availing loans and opting for mortgages are some of the other alternatives.
Independent house, villas or apartment:
Now that the decision on the budget is arrived at, the next thing to be finalised is the type of property that you would want. Flats, villas and independent houses are some of the options available to the buyers. This again depends on various factors such as the size of the family and finances.
Location:
Buyers will certainly have a location or area of choice. Make sure to tell your real estate agent about this so that you don't waste each other's time by looking at properties that doesn't fall within your location needs. Some of the important factors to be considered while choosing the location are whether the place of work and education of the family members are close by because buyers don't want to end up spending too much on commutation.
Choosing the right real estate agent:
A trustworthy real estate agent is a must. Make sure that you are dealing with a reputed real estate agent or you would end up in a legal wrangle that may take years to be solved. Some real estate agents charge exorbitant commission. Do make a list of realtors that charge reasonable commission to save money.
Inspect the property and do the paperwork:
Inspect the property thoroughly to make sure that it would suit your family's requirements. Also check out the paperwork to know that the property that you are planning to buy is free of encumbrances.
The checklist may not be comprehensive and there may be some other points that you would want to include. Nevertheless, a checklist is very vital as it will save you from a lot of trouble in future. Buying a property is one of the major decisions in life because it is a long-term commitment and involves a very high amount, sometimes all your life savings.
With a checklist on hand, you can never go wrong when buying a property! Harji Realtors is one of the leading real estate agents in the region of Chandigarh, Mohali and Kharar. For more information on great deals in real estate mohali and the best Plot in Sunny Enclave check out our website.
