Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk. – Armstrong Williams

Steps you should consider before buying a property:

If you are planning about buying a property whether it’s a land, commercial, or apartment, you should ask yourself several questions to determine if it is the right time to do so. Whether you are a first-time real-estate buyer or an investor, these are some of the most important things to consider when buying a Property:

Budget:
Remember that your first property will seldom be your final property, so search after your present property getting needs first, and let the long run take care of itself. You must guarantee that the property you’re getting will satisfy your present needs and be within your budget. As a property buyer, understanding your family’s present major needs will assist you to make the proper decision.

Location:
It is essential to decide on take an honest inspect the location and also the locality. The location also will have a large impact on the resale value of your home. Choose wisely and your home is also your best investment.

Good Resale Value:You must need to consider the resale value of the Property. You may make the mistake of focusing solely on a prime locality or the budget of the property. If you select the incorrect property or location, your future re-sales price may always be but the opposite homes around it.

Loan eligibility:
The banks provide online services like a home loan eligibility calculator to calculate the loan eligibility of the home loan borrower. The maximum loan which will be sanctioned varies with the banks and also the eligibility criteria may vary in line with the bank or RBI regulations. As home loan rates increase, the loan eligibility for a borrower becomes stiffer.

Rental rates within the area:
If you’re are planning about investing in a rental property, homes in high-rent or highly populated areas are ideal. Knowing the rental rate within the area helps you to decide on the correct property and site.

Stamp Duty & Registration Fee:
When planning your take into account property buying and deciding to buy a property, you would like to understand the rate and charges applicable in your city. If you wish to understand the market price of your property and therefore the stamp duty amount on it, you would like to contact the ready reckoner to locate your valuation zone and sub-zone. determine the stamp tax amount applicable to you as per the market price.

Additional Costs:
Even if this isn’t your first home buying experience, you’ll want to get help from a team of professionals. Fees or service charges by property agents, lenders or mortgage brokers, home inspectors, land surveyors, lawyers or notary, etc should be considered. Determine what proportion is that the maintenance charge. Will car parking be provided and does one need to pay extra for it. If your previous owner didn’t have a vehicle, speak to the secretary of the society and ask for a parking lot.

Reasons Why You Still Need My Assistance

• Better Access/More Convenience
• Negotiating Is Tricky Business
• Contracts Can Be Hard To Handle
• I Can’t Lie
• Not Everyone Can Save Money