8 Tips for First time home buyers in India

In recent times, India has emerged as a perfect a real estate and commercial hub for homebuyers and investors. Every second human being here is investing into a property. India is a tricky market and investment into property is considered as one of the most lucrative business model here. From getting an excellent rate of returns to amazing tax advantages, real estate quite literally enhances your wealth.

Here are 8 tips for first time home buyers in India:

Location: Location is the key factor while making a decision to buy a home. People often take a buying decision based on the location itself. Besides the quality of life, comfort, selecting the right location is equally important. Homebuyers who chose the best locations are always on a safer side as the property price appreciation ratio is much higher than the other.

A good location may differ from buyer to buyer depending on their personal needs and preferences.

Amenities: Availability of the basic facilities enhance the value of the property. While buying a new home or investing in a property one must check the availability of basic facilities like schools, hospitals, markets, and other day-to-day facilities.

Connectivity: It is one major factor to look before buying any property. Well maintained roads and smooth easy access to the public transport system certainly boost up the value of the property. Your home must be located near your workplace and should have easy access to different parts of the city.

Invest in Good Quality Property: Real estate deals are tricky ones and involve heavy investment and risks too. Hence, the question is how to find out whether the property you are investing is good or bad? The answer is thorough research. After all it’s your hard-earned money, so invest wisely in a good quality property.

Calculate Your Finances: It’s the first thing that you must consider before making the purchase decision. Look at your savings and in case if you are taking a home loan then be sure that you have enough earnings to pay your EMIs.

Gather Market Information: That goes without saying, gather as much information as you can about the property. Check the locality and neighbourhood. Take the help of consultants and market experts.

Network with Other Investors: Find out who all are investing in the same area. Try to connect with them.

Safety and Crime rate: This is one thing that should not be ignored at any cost. When you have shortlisted the properties, then go with the area which has the lowest or no crime scene.

Invest in the property only after being 200% sure. Also, before making the final decision do check the local governing laws and authorities of that area.

SPN assists you with all the above-mentioned factors. They offer you the best property in the town and never compromise on the quality of the property.