Property Buying Thumb Rules

1. One must make sure that an individual must satisfy following rules while buying the property which are listed in succeeding paras:

2. It should be bought near ones near and dear ones location.

3. It should be near a mode of public transport.

4. Shopping facilities should exist near by to satisfy basic needs.

5. Do remember proximity to educational and health facilities.

Old Homes are Available Cheaper

1. If one is ready to take an old home where latest gadget facilities are not available like health spa, gym and swimming pool etc than one has the option of getting these houses at a discount which may vary up to 25% of the cost.

2. However while taking possession do check the quality of construction.

3. Some banks may not offer loan for the houses which are older than 35 years.

4. Check for any pre construction problems.

Hidden Charges while Buying Houses

One has closed a neat deal but may have had forgottn a few expenditures in excitement which are listed below:

1. Party
2. Home loan insurance
3. Registeration charges.
4. Development Charges.
5. Renovation of house.
6. Repairs.
7. Buyer-seller agreements cost
8. Statutory Clearances.

If one is ready to take the posession of the house than one must have an additional 15% of the value of the house to cater for above listed expenditures and of course the unseen expenditures.

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Answer In Your Heart for House Related Questions

1. First of all determine the reasons why you are looking for a home and what all you are looking in a home holds merit.

2. Are you looking for a bungalow, a condominium, an apartment or a penthouse?

3. Determine the actual built up house you require.

4. One must think with generations in mind and thus should have a futuristic thought process.

Real Estate Agent

1. In an effort to make your life miserable do find a wrong real estate agent and in the end one will have only agony as would have had lost the piece of mind as well as money fighting the litigations.

2. Pay a real estate agent his due and get a hassle free deal as paying 2% of the deal value pinches but he/she has also kids to take care and thus pay for the efforts of getting a clean deal.