Buying your own home can be an exciting experience. These days, buying apartments is in trend because of multiple aspects related to them like amenities, price, modernistic lifestyle, etc. However, buying a flat is a hassle-some and confusing process. One needs to take all the decisions after doing proper research to avoid any kind of extra expenditure. The buyer must consider some factors specific to the location or the society before finalising the flat. If you are looking for an apartment in Perungalathur, you can go for Shriram Park 63, SSM, etc. This article is a handy checklist for people who want to buy a new home in Chennai:
Find a real estate agent
With the help of a reliable and experienced real estate agent, you can find the best deal for you. You can browse through websites of real estate agents near the property location and interview them. For example, if you want to buy a flat in or near Shriram Park 63, find an agent who deals with properties in Perungalathur. Ask for recommendations from your close friends, family members or colleagues who might have dealt with a broker or agent. Do some research and study the rules of working with a real estate agent to carry out the process smoothly.
Talk to a mortgage lender
There are many mortgage companies or lenders who provide loans. You can find different types of mortgage plans offered by various lenders. You should talk to the lenders, learn their loan policies, and then plan accordingly. You can also ask for referral from your real estate agent.
Find the perfect location
With the help of your real estate agent, try to find a reliable and reputed developer. Check the neighbourhood and nearby localities to find out what type of people live around. Find if the place has good options for commutation. Check the availability of schools, hospitals, shopping areas, banks, etc. nearby. In addition to this, you must also check the resale value of the property. This will help you in getting the best deal as a property with increasing value will definitely add to your future assets.
Check the parking area and infrastructure
You must check if the parking area is good because you will be paying for it. Check what other amenities are provided. Check the condition of the building.
Besides these, you must check the quality of construction. The building should be strong enough to bear all types of climatic conditions and disasters like earthquakes, etc.
Make a purchase offer
You must check and study all the offers you are getting in order to select the best apartment. Listen to your real estate agent’s advice when you get multiple offers.
Close the deal on your new home
Once you find the best deal with best offers, you should try to close the deal. Make a checklist and do proper inspection of the property. Be ready with the down payment amount and try to pay a good amount initially; this will decrease the EMI amount and also the loan repayment duration.
Summary:
Buying a new house is exciting but, at the same time, really confusing. It is always advised that one should create a checklist of things they need to do before buying a home. A checklist would be helpful in making the right decision and avoiding any unnecessary expenses.
Author Bio:
The author of this article has years of experience in the real estate industry. He likes to write articles and blogs on various real estate topics which serve as a guide for people who are new at buying and selling of real estate and are seeking guidance on the same.
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