Are you buying your first home? It is normal to get overwhelmed with the many options around. However, home buying is a tedious process involving much research, time, effort and financial planning. You will have to manage your finances carefully as this decision will have a long-lasting impact on you and your family. Besides, parting with a significant amount of savings you will get bound with home loan EMI for many years. These EMI’s can be a sizeable proportion of your monthly income. However, with proper financial planning, you can become proud homeowners without experiencing any financial constraints.
If you have to buy a home within a budget, then the below tips will come useful.
#HomeBuyingTips: Know Your Budget:
Before you start researching for your dream home, you should carefully examine your home budget. It is essential to consider the actual expenses, loans, and savings and accordingly plan your home buying decision.
Pro Tip: If any of your existing loans are about to get over in a few months, then delay the purchase of the property. The lesser the number and amount of credits, the more will be your CIBIL score. This will help you in getting a home loan more quickly.
#HomeBuyingTips: Choose the Location Carefully:
It is a wise decision to choose a prime locality that will fetch you with more significant monetary gains in the coming years. Thereby, selecting the location with care is vital. There should be optimum infrastructure and development planned in the locality around the project. When you choose such a site, you can expect good property appreciation and higher and consistent rental yields.
Pro Tip: It is advisable to spend a little extra for the location. You can always exercise restraint on the space or amenities in the house.
#HomeBuyingTips: Project with Maximum Benefits:
Once you know your budget and have settled on the location, you should extensively research on the projects in the selected area. After that, you must opt for an apartment complex that offers maximum benefits within your budget. These will significantly influence and change your lifestyle for the better. Besides, if you have to give this home on rent, you can expect better rent from a project with the best residential amenities.
Pro Tip: You must factor-in the monthly maintenance if you opt for a gated community project with many amenities.
#HomeBuyingTips: Check the Property Size:
When you have a strict home buying budget, you can choose the property size according to the number of family members. For a nuclear family, 2 or 3 BHK apartment can suffice.
Pro Tip: Buying a home by the family size will ease the maintenance task.
#HomeBuyingTips: Buy the Apt Home Directly from Developer:
If you feel that a particular property meets your family requirements, then go ahead and buy it. You can broadly weigh on parameters like proximity to school, office, malls, city center and other conveniences. Besides, you should buy an apartment from the developer for the best deal.
Pro Tip: If the home meets most of your expectations, then make it your new address.
Buying your dream home involves much planning and thinking. If you are looking for apartments for sale in JP Nagar that come with
- Ideal location
- Many amenities
- Beautiful design
- 2 & 3 BHK units
- Offers best of Bengaluru
Then, visit Valmark Orchard Square.
It beautifully amalgamates the new and old-world charm leaving you enchanted. Spread over 3.25 acres, Valmark Orchard Square in JP Nagar 8th Phase offers an exquisite living experience. It is surrounded with greenery; plush amenities and you can get the possession by the end of the year. Connect with the sales team to enquire about these BBMP approved flats in Bangalore and make it your new abode in 2020.
