Dreaming of owning a home some day is what almost everyone in India dreams of. Yet, very few get to realize this dream. Even then it takes a tremendous amount of time and effort to finally own a home. After purchasing the home, several homebuyers wish if there were certain things someone would have told you about buying a home, the process would have been much easier. And to help you buy that perfect home for yourself and your family, here are some facts or secrets that no one tells you about buying a home and you should know:
- Keep Your CIBIL Score High
Although it is a common thing and everyone knows about it, several people still forget about it when they have to buy a home. Your CIBIL score plays a major factor in helping you get required loan amount to purchase a home. If your CIBIL score is low, your application will either be rejected or your loan sum will not be what you want and you will have to compromise with lesser amount. To buy your dream home, it essential to maintain your CIBIL score and keep it high enough for you to get the home loan amount you want.
- Make Sure you are Comfortable with the New Lifestyle
When you move into a new home, you will be living with new neighbors and in new surroundings. And these define what your new lifestyle will be. This is something people often overlook and they face problem afterwards because they are not able to adjust to the new lifestyle that their home offers. It is, thus, prudent to research in advance the kind of lifestyle you will have if you live in the home you are about to buy. If you and your family are comfortable and want to have that kind of lifestyle, then you should proceed with the purchase.
- Select the Location Carefully
This goes without saying that a house located in a busy locality is priced higher than the one in a remote region. Location of the home plays a major role in deciding its price. Therefore, pay special attention to location of the home before you buy it. Ensure that it public transportation is easily available, the area is safe, and you do not have to travel far to get basic household items. These facilities make the living convenient, and this is not something you should compromise on. You should not opt for luxury over convenience and comfortable living. Moreover, each city has its own real estate market. For instance, the Chennai real estate market is very different from NCR real estate market and this also plays a major role in deciding the final price of the home.
- Owning a Home Always Costs More than Expected
This is something that most people wish they had been told while they were looking for home. And it is true. A homebuyer generally has a budget they decide before stepping out into the market to check out houses, but when it comes to finalizing the home, they realize that hidden costs are now being introduced which greatly increase the price of the home. Therefore, it will do well for you know about the hidden costs involved, like, parking space, maintenance cost, registration cost, advance maintenance deposit, and other. Take these into consideration beforehand so you do not go beyond your fixed budget in order to buy a home.
As long as you are deliberate in your purchase, you will not buy a house that your will regret later. Just make sure you are taking into consideration the opinions and comfort of your family as well as yourself. If you and your family are both comfortable in the home you are checking out, you should buy it.