There are several checks which need to be made while buying a home in Bangalore. As someone who recently bought a house in Bangalore, I can offer you my help with how to go about buying a home for the first time in the city. Start with getting to know the real estate market, the type of property you’re interested in, make a budget, filter out properties based on location and then take the next steps. I will break down the stuff below.
Tips for First Time Home Buyers in Bangalore
Here are the aspects to consider while buying your first house in Bangalore:
Understanding the market
The first step would be to get to know the current market. Bangalore has a lot of options and many localities are emerging as an investment option. Check their price trends, future scope, etc. Finalise the kind of property you’re interested in.
Budgeting
Next comes budgeting, which is a crucial aspect of homebuying. Stick to a budget after carefully assessing your financial condition and needs. Explore the available financing options. Many builders offer help with home loans. You can get home loans at competitive rates from reputed banks.
Location
A major aspect of home buying is the location. Filter out the localities and do a pros and cons based on factors like price, rental yield if you plan to rent out the place, future price trends, connectivity, infrastructure, lifestyle and amenities.
Builder Projects
The subsequent step would be to explore projects by reputed builders. Amongst many, Sobha, Prestige, Brigade, Casagrande, Godrej and Sattva are the most trustworthy and reputed names in my view. I’d still recommend you make a list and filter projects as per your preference.
Legal Processes
Once you consider projects, check all the legal documents to ensure the property is free from any legal obligation. The list includes Sale Deed, Mother Deed, Khata Certificate and Extract, Occupancy Certificate, Encumbrance Certificate and RERA Compliance
.
Inspecting the House
Check the property via physical inspection. Some of the checks you should make include structural integrity, water supply issues and overall construction quality.
So, these are all the steps you must take while buying your first house. Hope this turns out to be useful.
Invest in the Best Properties in Bangalore at Zero Brokerage Via NoBroker!
Some related information:
What to Check Before Buying a House?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Authors Of The Question
How does one go about buying a house in Bangalore? What should first-time home buyers keep in mind? Who are the more trustworthy builders? What financing options are available? What general info on location and pricing is helpful?
AvinashK
176 Views
1 Answers
4 Year
2020-08-29T11:49:26+00:00 2023-10-18T16:47:54+00:00Comment
Share