What are Question of First Time Property Buyer ?
Ignoring trends
Before buying a property always look the trends of which region is growing more in Delhi-NCR. Before buying a residential and commercial property in Bhiwadi, growth of Apartment, Villas in Bhiwadi and shops space in Krish mall, Office space in Krish Square. When the Property rate is not increase that is perfect time to invest in property in Bhiwadi
Confused Between property investment/own use
Is it true that you are contributing to acquire or for end-use with your gang? What ought to be your needs in either case?
- an) Is the house near business sector spaces, instructive establishments, joints, your office, transport hallways? Not just is this vital for end-utilization, even potential inhabitants would be eager to pay higher rents if the area is great.
- b) Is the area liveable or is it still right off the bat being developed? You may need to pay less for a house in an up and coming range however this would likewise mean you may need to abandon a few comforts. For instance, base may simply be developing and on the off chance that you are anticipating end-use, you may need to bet on your own movement.
- c) Does the house have enough space to suit you’re (developing) crew? On the off chance that you are a lone ranger today and contributing for end-utilization, do be aware of the way that in future you may get hitched, have kids and therefore requirement for bigger living spaces.
- d) Does the house suit your financial plan/way of life? On the off chance that you are given to a specific sort of way of life be vigilant of what you are getting tied up with.
Albeit purchasing for yourself or purchasing for rental returns, remember that over the long haul your inclinations may change thus may be that of the occupants. Search for what will work for you.
Wrong Choose of location
Investment in property is good option but if you are unaware development of region around which you are investing then risk increase, In Bhiwadi, development is growing in rapid speed like industry, manufacturing unit, commercial mall, residential apartment, and many other development are available in Bhiwadi.
Don’t aware of Payment Plans and Option
Being a first time buyer, all he heard was about how developers were launching projects and announcing great discounts and how each projected their own project as the right buy.
- a)Check the title deed of the property, this will let you know in whose name the property is. It ought to be for the dealer’s sake, the individual offering you the property
- b) It is constantly better to get hold of the first papers as a rule individuals show duplicates of the firsts. Other than this will assist you with finding out the kind of use permitted from the property i.e. is it business, private, blended and so forth
- c) It is ideal to see whether the property is freehold, leasehold or an administration settlement
- d) It is shrewd to gauge the area before enlisting the property in your name. At that point there are property charges which are paid to our administration, subsequently guarantee that the sum total of what assessments have been paid and the vender has all receipts of the paid duties.
- e) Ensure that the proprietor has the encumbrance testament
- f) For proprietorship to pass truly, an enrolled deal should be executed. Without that, you won’t get legitimate title to the property
Don’t include other Additional Expense
When we purchase a property in Bhiwadi or any other location, buyer never calculate total amount is speeded on the property buying like stamp duty on property, circle rate, registration charges of property, brokerage amount, TDS on property, Transport of good, Club Membership and internal or external changes are extra cost
Live on rent or move in own home?
People always in confusion that to stay on rent or move to own property? This question will be come in every home buyer mind but location is answer, if your work place, children school, College, other basic need requirement is fulfill at current location then buyer will live on rent and their own property put on rent if property buy location satisfy need
Never pay importance who is your neighborhood
We never checking out who is our neighborhood, whenever we buy property like Builder Floor Apartment, Multistory Apartment, Self-Development home, Studio-Apartment due which people face problem like noisy environment, loud Music, loudly talk at late Night. Then Home owner is realize the mistake and property decision are not for the day or month or a year. Can be lifetime discussion in which mistake can’t correct if you have locality problem.
