Tips For Buying A New House PPt

Category: Others/ Misc

Presentation Description

Gharonda Builders is one of the best Real Estate Agent in bangalore. They provide flats at a very cheap rate.


Presentation Transcript


Tips For Buying A New House By Gharonda Builders


Do you like being close to downtown, or would you prefer living outside the city? Do you like the prospect of maintaining a garden? Where do you want your children to attend school? These are lifestyle decisions that play a large role in the new home buying process.  You also have more design choices than ever before. Would you like a 'smart' home that's pre-wired for your media and entertainment needs, or a gourmet kitchen for entertaining? Or both?  There are two major types of new homes available to you - freehold and condominium - and each has different construction timelines and warranty coverage . Choose the type of home that meets your lifestyle needs


Once you've chosen the location and type of new home that fits your needs, meet with a financial representative to determine a mortgage amount that you can comfortably afford. This will help you understand the types of homes that fit into your price range. You should also consider getting a pre-approved mortgage, in order to shop with added confidence.  Determine what you can afford


Don’t obsess with trying to time the market and figure out when is the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if you try to wait for the perfect time, you’re probably going to miss out Don’t Try to Time the Market


Bigger Isn’t Always Better   Everyone’s drawn to the biggest, most beautiful house on the block. But bigger is usually not better when it comes to houses. There’s an old adage in real estate that says don’t buy the biggest, best house on the block. The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to re-sell. Your home is only going to go up in value as much as the other houses around you. If you pay $500,000 for a home and your neighbors pay $250,000 to $300,000, your appreciation is going to be limited. Sometimes it is best to is buy the worst house on the block, because the worst house per square foot always trades for more than the biggest house.


Avoid Sleeper Costs The difference between renting and home ownership is the sleeper costs. Most people just focus on their mortgage payment, but they also need to be aware of the other expenses such as property taxes, utilities and homeowner-association dues. New homeowners also need to be prepared to pay for repairs, maintenance and potential property-tax increases. Make sure you budget for sleeper costs so you’ll be covered and won’t risk losing your house.


You’re Buying a House – Not Dating It Buying a house based on emotions is just going to break your heart. If you fall in love with something, you might end up making some pretty bad financial decisions. There’s a big difference between your emotions and your instincts. Going with your instincts means that you recognize that you’re getting a great house for a good value. Going with your emotions is being obsessed with the paint color or the backyard. It’s an investment, so stay calm and be wise.


Thank You

authorStream Live Help