Things to Consider Before Buying a House

There are so many things that needs to be considered before a buying a house. From choosing an ideal locality to figuring out a budget, arranging finances to getting the property registered, there are so many important things that need to be considered and done carefully when buying a house.

Whether you are buying a house for living with your family or it’s just an investment for your future, you have to ensure that each and every penny you are investing in buying the house is worth it. After all, we don’t buy house very often. So, even before you start searching for a house, there is so much to plan and consider.

Things to consider before buying a house
Things to consider before buying a house

Home buying process can be complicated and lengthy, more so when you are buying your first family home. If you are planning to buy your first house and you are wondering about what to look for and consider then continue reading this post. Today, in this post, i am sharing the list of important things you should consider when buying a house here in India or anywhere else in the world.

Overall budget to buy a house

It always helps staying within a budget, and especially when you are buying a house. Having a tentative total budget in mind will help you in finding and buying a house that suits your budget.

Also when allocating a budget for buying a house, don’t just think of the price of the property, but include other related expenses like stamp duty and registration charges, taxes, legal fees etc.

And if you plan to move to this house, then may be, consider the cost of interior designing, buying new furniture etc.

Arranging finance

Buying a property without taking a home loan is rare. Whether you want to take home loan or not, you have to arrange the money. If you are taking home loan, then it’s better to make required arrangement.

These days, banks are offering pre-approved home loans, so you can simply apply and check your eligibility. This way, the finance will be available and you have clear idea of how much money will be financed and how much of money you have to arrange on your own.

Number of rooms

Before buying a house, you must seriously think about the overall size of the house, and number of rooms you would require. Whether you want to buy a 2 bedroom flat, with two washrooms or you want a 3 bedroom flat, having this clarity helps in searching and choosing a property.

The bigger the house, the costlier it’s going to be. And therefore, a house with one guest room should work well for most us.

Size of the house

Once you know how many bedrooms, washroom etc you require, the next thing that you must think about is the size of the house. If you are buying a house in a housing society, then they show super built-up area, which means the actual usable carpet area will be around 20% less than the super built up area. And therefore, it is important to clearly check the size of the house.


Now that you have a tentative total budget in mind and know about the size of the house you want to buy, you are good to choose a neighborhood or locality within the city.

Cost of the property will vary based on the neighborhood and location. In every city, there are posh and popular neighborhoods that costs a little higher than upcoming and developing areas. Naturally, if you want to buy a house in an upcoming neighborhood, then it will be comparatively cheaper.

So, think about the neighborhood and then choose a locality that suits you to buy a house. If you are on a budget, then choosing neighborhoods that still developing is not a bad idea because cities are expanding rapidly these days. And therefore, it does not take much time for a developing neighborhood to get developed.


When choosing the area and neighborhood to buy a house, just see to it that the area has proper connectivity and transportation facility. Proper connectivity and peaceful environment is of course important, but so is the importance of other basic infrastructure needs like schools, hospitals, markets etc. These are the nice to have facilities in an ideal neighborhood.

Whether you are buying this house for staying or for investment, if the locality is well connected, then you will be able to live comfortably. Similarly, if this is your second house and you want to rent it out, then you are more likely to get better monthly rental when the property is in a well connected locality. So just keep that in mind while searching and selecting a house.

Maintenance cost

Everything needs maintenance, be it your car or the house you are buying. And therefore, when buying a house, you should think of the maintenance cost. There are certain costs that are more or less fixed like property tax, which you have to pay every year.

Then there are costs associated with maintaining the property, and if you are buying a house in a residential complex, then there is society maintenance fees, that have to be paid every month.

Consider all of these, before taking a call.

Age of the property

If you are buying the house in an under construction building then, you already know that it’s a new building. But if, in case you are buying a resale property then you must check the age of the property. If the property is very old, then you must get the property inspected properly to ensure that it’s worth the investment.

Also, older property may require additional maintenance or renovation, which means extra expenses and there for you should plan accordingly.

Over to you

Buying a new house can be super exciting, especially when you are buying a house for the first time. As a first time home buyer, there are certain things that are very important, and you must think about it in detail.

Some of the key things to consider include:

  • Overall budget
  • Arranging finance
  • Number of rooms
  • Size of the house
  • Neighborhood
  • Connectivity
  • Maintenance cost
  • Age of the property

Whether it’s your first house or you are buying your second house for investment, remember to consider some of these important things to get it right. What else do you think one should consider when buying a house?

FAQ about buying a house

What are three things you should consider when buying a home?

The three most important things you should consider when buying a home is location of the property, age of the property and overall price you are buying at.

What to check before buying a property?

Before buying a property, you should always check for all the approvals from governments and municipal authority, check legal documents and development plan and of course the overall build quality.

What are the most important factors when buying a house?

The important factors when buying a house includes, overall price of the property, age of the property, size and location of the property, neighborhood and accessibility of lifestyle features like market, school, health care centers etc.

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