Hey,
I was scared and excited while buying my first house. It was an important milestone for me. I spoke to my relatives, property owners and construction companies to make a universal guide for buying property. After following it religiously, I was able to buy house in Mumbai.
Consult experts at NoBroker to get your property documents checked conveniently.
Get home loans at a lower interest rate and save on your taxes.
How to plan to buy a house in Mumbai? Specifications:Think about the specifications and features(amount of floor area you need, neighbourhood, locality, amenities) you want in your house. It is pertinent to have a clear idea of your dream home to avoid unnecessary confusion while looking at properties.
Finance:
Fix a budget according to your income and end goal. Don’t think of buying a 20 crore flat if it will put you in debt. Plan and fix your budget, and conduct research on loans given your income, credit score, and outstanding debts. Opt for a loan/ scheme that gives you the lowest interest rate with the highest benefits.
Background Checks :
Before paying any amount to the builder/ seller. Conduct background checks on the credibility of the developer. Read about the quality of materials used in their construction, whether the construction of previous projects was done according to the timeline, and whether they have received government approvals.
Negotiate:
Negotiate the price of the property with the seller. Developers offer cash discounts, and tangible gifts in kind to lure buyers. Keep an eye out for marketing gimmicks and negotiate about the per sq ft rate of the house.
How to buy house in Mumbai?
To avoid dealing with hourly property showings, sellers are now uploading their saleable property on real estate apps such as NoBroker. You can browse through the categories and pick a house you like. You can even check property information like the area, the number of floors, and the number of rooms on your phone.
I hope you can buy house in Mumbai soon. Good luck!
Read more: How to get loan against property? What is Rent vs Buy House Calculator? How to buy a house in Mumbai?
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How to buy house in Mumbai?
Leena
50Views
1 Year
2022-11-28T11:48:25+00:00 2022-11-28T11:48:26+00:00Comment
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