Owning a home in a city like Bangalore is a major life decision. It is a major step before one decides to start a family and settle down. Owning a home also indicates security, stability, and freedom. Considering these important factors, you must take the necessary precautions before making this decision. Although home buying is a tried and tested exercise, the real estate market dynamics are constantly changing. Major events always affect the buying process, and you must be updated on the probable mistakes that should be avoided while buying a dream home.
1. Budget
Having a sufficient budget is the first logical step. After assessing your finances, you will be able to know if you want to choose luxury villas in Whitefield. You can also choose to invest in an independent house or villa. If you are considering a loan, you must have all the paperwork ready. Consider additional charges like stamp duty, registration charges, maintenance, and brokerage if any.
2. Location
There are many locations to choose from within Bangalore. Depending on your goals you can choose a location that is close to social infrastructure and facilities. If the investment is your goal, then choose a location that will give good returns in the coming years. Several 4 BHK villas in Whitefield promise high returns on investment.
3. Builder/Developer Reputation
The reputation of the builder is an important factor before short-listing projects. The track record of the builder can be researched online. The past project reviews, customer feedback, and ratings will give a proper picture of their track record.
4. Legal Documentation
Ownership title, land use permissions, approvals from local authorities and municipalities, and clearances are important documents to know if the project in question is legitimate. If all the paperwork is not in place, then it is better to skip that project.
These are some of the very basic items that are mandatory for every property checklist.
Original article published at https://www.ezeebiz.in/tips-for-first-time-homebuyers-in-bangalore-a-guide-by-trifecta-projects/