{"id":5771,"date":"2019-12-26T16:39:48","date_gmt":"2019-12-26T11:09:48","guid":{"rendered":"https:\/\/www.servicesutra.com\/blog\/?p=5771"},"modified":"2021-05-11T16:58:03","modified_gmt":"2021-05-11T11:28:03","slug":"things-to-consider-before-buying-a-house","status":"publish","type":"post","link":"https:\/\/www.servicesutra.com\/blog\/things-to-consider-before-buying-a-house\/","title":{"rendered":"Things to Consider Before Buying a House"},"content":{"rendered":"\n

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.<\/p>\n\n\n\n

Whether you are buying a house for living with your family or it\u2019s 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\u2019t buy house very often. So, even before you start searching for a house<\/a>, there is so much to plan and consider.<\/p>\n\n\n\n\n\n\n\n

\"Things
Things to consider before buying a house<\/figcaption><\/figure>\n\n\n\n

Home buying process<\/a> 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.<\/p>\n\n\n\n

Overall budget to buy a house<\/h3>\n\n\n\n

It always\nhelps staying within a budget, and especially when you are buying a house.\nHaving a tentative total budget in mind will help you in finding and buying a\nhouse that suits your budget. <\/p>\n\n\n\n

Also when\nallocating a budget for buying a house, don\u2019t just think of the price of the\nproperty, but include other related expenses like stamp duty and registration charges,\ntaxes, legal fees etc. <\/p>\n\n\n\n

And if you plan to move to this house, then may be, consider the cost of interior designing<\/a>, buying new furniture etc.<\/p>\n\n\n\n

Arranging finance<\/h3>\n\n\n\n

Buying a\nproperty without taking a home loan is rare. Whether you want to take home loan\nor not, you have to arrange the money. If you are taking home loan, then it\u2019s\nbetter to make required arrangement.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Number of rooms<\/h3>\n\n\n\n

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.<\/p>\n\n\n\n

The bigger the house, the costlier it\u2019s going to be. And therefore, a house with one guest room should work well for most us.<\/p>\n\n\n\n

Size of the house<\/h3>\n\n\n\n

Once you know\nhow many bedrooms, washroom etc you require, the next thing that you must think\nabout is the size of the house. If you are buying a house in a housing society,\nthen they show super built-up area, which means the actual usable carpet area\nwill be around 20% less than the super built up area. And therefore, it is\nimportant to clearly check the size of the house.<\/p>\n\n\n\n

Neighborhood<\/h3>\n\n\n\n

Now that you\nhave a tentative total budget in mind and know about the size of the house you\nwant to buy, you are good to choose a neighborhood or locality within the city.<\/p>\n\n\n\n

Cost of the property\nwill vary based on the neighborhood and location. In every city, there are posh\nand popular neighborhoods that costs a little higher than upcoming and\ndeveloping areas. Naturally, if you want to buy a house in an upcoming\nneighborhood, then it will be comparatively cheaper.<\/p>\n\n\n\n

So, think\nabout the neighborhood and then choose a locality that suits you to buy a house.\nIf you are on a budget, then choosing neighborhoods that still developing is\nnot a bad idea because cities are expanding rapidly these days. And therefore, it\ndoes not take much time for a developing neighborhood to get developed. <\/p>\n\n\n\n

Connectivity<\/h3>\n\n\n\n

When choosing\nthe area and neighborhood to buy a house, just see to it that the area has\nproper connectivity and transportation facility. Proper connectivity and\npeaceful environment is of course important, but so is the importance of other\nbasic infrastructure needs like schools, hospitals, markets etc. These are the nice\nto have facilities in an ideal neighborhood.<\/p>\n\n\n\n

Whether you\nare buying this house for staying or for investment, if the locality is well\nconnected, then you will be able to live comfortably. Similarly, if this is\nyour second house and you want to rent it out, then you are more likely to get\nbetter monthly rental when the property is in a well connected locality. So\njust keep that in mind while searching and selecting a house.<\/p>\n\n\n\n

Maintenance cost<\/h3>\n\n\n\n

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<\/a>, which you have to pay every year. <\/p>\n\n\n\n

Then there\nare costs associated with maintaining the property, and if you are buying a\nhouse in a residential complex, then there is society maintenance fees, that\nhave to be paid every month. <\/p>\n\n\n\n

Consider all\nof these, before taking a call.<\/p>\n\n\n\n

Age of the property<\/h3>\n\n\n\n

If you are buying\nthe house in an under construction building then, you already know that it\u2019s a new\nbuilding. But if, in case you are buying a resale property then you must check\nthe age of the property. If the property is very old, then you must get the\nproperty inspected properly to ensure that it\u2019s worth the investment. <\/p>\n\n\n\n

Also, older\nproperty may require additional maintenance or renovation, which means extra\nexpenses and there for you should plan accordingly.<\/p>\n\n\n\n

Over to you <\/h4>\n\n\n\n

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<\/a>, there are certain things that are very important, and you must think about it in detail.<\/p>\n\n\n\n

Some of the\nkey things to consider include:<\/p>\n\n\n\n