Buying the first home as a couple can be quite challenging. In view of the fact that each person has a good idea of how he or she wants the house to look, this is at least the merging of two dream projects. The conversations about this topic are long, and sometimes end up in arguments. Well, that is if you don’t read this article. There are some basic tips that can be followed in order to be on the same page with your spouse. The first is to be considerate. Even if you want to look for houses which are in close proximity to your work, it might turn out to be a long commute for your spouse. So, it may be best to find an area that is convenient for both parties, especially in a place like Mumbai. And always pick a place that has good connectivity to other areas of the city. This means a railway station close by, a bus stand within a short walk and a rickshaw stand near the building.
Once you have an area in mind, start looking at new or up and coming projects. The best way to do this in case you don’t already live in the vicinity or visit it often is to look for advertisements in the local newspapers or ask around. Call the developers up to get a better idea of what they offer. Many leading developers and builders offer good deals and discounted prices from time to time. If you find something both like, make an appointment to see the site first hand. This can give you a clearer idea on the whole deal. There are many couples that prefer buying a pre-owned house in slightly older buildings. The main reason for this is that these houses may be a bit cheaper than brand new residential constructions that have most modern day amenities like elevators, gardens, gyms, swimming pool and high-tech security systems. Either way, seeing the rise in real estate prices these days, you are bound to need a home loan.
There are a large number of banks that offer home loans. It may be a good idea to get price quotes from a few banks and compare to find the best deal possible. When doing the comparisons pay attention to things like the bank’s reputation in the market, interest rates, EMI, eligibility amounts, payment schemes and down payment amounts. While applying for a home loan there are some factors that you must keep in mind. Get your own credit report. This can be done online too, as some websites offer this facility. It is imperative that you check the report for any errors as this may reduce your chances of getting the loan approved. Also, finalise the property before finalizing your home loan lender, because banks reserve good rates for customers that want immediate disbursement. You should be prepared to lose out on the processing fee even if you decide on not using the loan sanction. Make sure you completely understand the interest rates charged to you as even the fixed costs quoted by the lender can be revised after 12 to 60 months. So read the documents carefully and do not hesitate to ask questions if you have any doubts.
Once you have bought the house, it is smooth sailing from there on. All you need then is home design interior magazines for ideas to make it look fabulous. If you need professional help to do up the place, there are plenty of celebrated interior design firms in the city that will be more than happy to help.
Once you have an area in mind, start looking at new or up and coming projects. The best way to do this in case you don’t already live in the vicinity or visit it often is to look for advertisements in the local newspapers or ask around. Call the developers up to get a better idea of what they offer. Many leading developers and builders offer good deals and discounted prices from time to time. If you find something both like, make an appointment to see the site first hand. This can give you a clearer idea on the whole deal. There are many couples that prefer buying a pre-owned house in slightly older buildings. The main reason for this is that these houses may be a bit cheaper than brand new residential constructions that have most modern day amenities like elevators, gardens, gyms, swimming pool and high-tech security systems. Either way, seeing the rise in real estate prices these days, you are bound to need a home loan.
There are a large number of banks that offer home loans. It may be a good idea to get price quotes from a few banks and compare to find the best deal possible. When doing the comparisons pay attention to things like the bank’s reputation in the market, interest rates, EMI, eligibility amounts, payment schemes and down payment amounts. While applying for a home loan there are some factors that you must keep in mind. Get your own credit report. This can be done online too, as some websites offer this facility. It is imperative that you check the report for any errors as this may reduce your chances of getting the loan approved. Also, finalise the property before finalizing your home loan lender, because banks reserve good rates for customers that want immediate disbursement. You should be prepared to lose out on the processing fee even if you decide on not using the loan sanction. Make sure you completely understand the interest rates charged to you as even the fixed costs quoted by the lender can be revised after 12 to 60 months. So read the documents carefully and do not hesitate to ask questions if you have any doubts.
Once you have bought the house, it is smooth sailing from there on. All you need then is home design interior magazines for ideas to make it look fabulous. If you need professional help to do up the place, there are plenty of celebrated interior design firms in the city that will be more than happy to help.
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