3 Rules of Finding the Right Home

Buying a home is a huge financial decision with far-reaching implications. It is perhaps the most expensive purchase of your life and the longest-lasting one- so be careful. There are lots of rules that one can follow when home hunting and different people have different interpretations, but the simple basic rules are as follows.

3 Rules of Finding the Right Home

3 Rules of Finding the Right Home

Rule #1- Buy Neighborhood over House

The old adage- ‘What are the three most important things in real estate- Location, Location, Location’ is the right answer. But in spite of being constantly repeated, it sometimes fails s to make a mark on the memory so neighborhood is a better substitute. There are certain parameters of grading premium location. Always, find the best neighborhood you can even if it means buying less of a house. You can improve the house but it is impossible to make changes in the neighborhood and fix major problems. Get out and find for yourself- it is the best way to check a neighborhood. Check out the schools even if you don’t have kids, schools means a good neighborhood. Find out about the crime rate, the Home owners association, look at the stores the traffic and see if you can find things easily in there. [Read more…]

Home Inspection: Structural Defects You Must Not Ignore

Congrats! You are ready to buy your first home. Although you haven’t found it yet, in your mind, it’s perfect! May be used or un-used, buying home is always a dream and a homebuyer wants his home to reflect his persona. Buying a used home could add up to big savings and allow you to get a bigger piece of the dream than a brand new one. So it’s extremely important now to invest wisely and to keep few things in mind while buying used property as it might have few structural defects which can’t be ignored. There are a few things to check before finally moving in, especially related to the structure of the building.

Home Inspection: Structural Defects You Must Not Ignore

Home Inspection: Structural Defects You Must Not Ignore

Let us talk about these in some detail –

1. Check Runaway rainwater

A great philosopher truly said, “If there are 15 things that can go wrong with a house, 10 of them have to do with water”. Downspouts, Gutters, and leader pipes collect rainwater and pass it away from the house. In humid and wet regions, leaders should extend at least 5 feet from the house. Check the entire gutter system seasonally for proper pitch, corrosion, for clogs, broken fasteners, and separation between connections and where gutters meet the fascia board. [Read more…]

Home-Buying Journey: 5 Stops Where Your Train Will Halt

Buying a home is one of life’s greatest milestones, but the journey to unlocking the front door of your dream house can feel very overwhelming for many buyers. So how does one begin the process that leads to walking into their own home?

When you are financially ready to buy your first-home, you may think that you have all the information, which you have gathered online or from real estate apps, but there is more to home buying then just comparing two products. It’s a huge investment not only financially but also emotionally and it is a transaction which some people do only once in their lifetime.

Home-Buying Journey: 5 Stops Where Your Train Will Halt

Home-Buying Journey: 5 Stops Where Your Train Will Halt

Here are five stops that you will make along the journey to your new home. Before you embark on the journey of buying ask yourself these questions- [Read more…]

Benefits of Stable Housing Prices for New Homebuyers

India’s housing market has been faced by subdued homebuyers’ sentiments for the last couple of years. The good news is that the government has taken certain initiatives to boost investor’s interest by focusing on rejuvenating infrastructure and supporting large scale development of affordable housing across the country.

Benefits of Stable Housing Prices for New Homebuyers

Benefits of Stable Housing Prices for New Homebuyers

Additionally the RBI has also implemented monetary easing thrice last year and also this year by reducing base rate interest by 75 basis points. The real estate market has picked up in 2016, but there has been no phenomenal rise in prices. The prices have been stable by just a marginal rise in the market rate. This is a good time for the first time buyer to buy a home. By seeing a steady marginal rise the new home buyer can be assured that in future also his property will appreciate. [Read more…]

Things That Confuse First-Time Home Buyers

Moving into your first home is one of life’s ‘champagne moments’, but getting there is not a smooth drive. By being prepared, you can find the exercise less stressful and easy to handle. As a first time home buyer the mortgages, the property market and everything else can be confusing. So don’t get confused just focus and some tips will help you go through the whole process without any hiccups. Before you go in for the property, do a considerable amount of research and check out the local market. As a first time home buyer you may navigate a process which may include excitement, confusion, frustration and uncertainty.

Things That Confuse First-Time Home Buyers

Things That Confuse First-Time Home Buyers

If you are planning to buy a home your first step should be to check your credit. Familiarize yourself with your credit history and make sure everything in your report is accurate. This will help you to improve your credit score before you think of buying. If all is well then keep it that way don’t max your credit card at furniture store after you sign a contract with bank for a loan. [Read more…]

Smart Shopping Tips To Setup Your First Home

Turning the key into the lock and setting foot on your own property without being answerable to the landlord is an occasion to celebrate. Getting swept up in all the excitement is a wonderful feeling. But as a first-time home buyer, you should not get carried away and jeopardize everything you have saved and worked for by going overboard and spending on setting up your home. Take a few moments to ponder over the practical concerns that will ensure that your first home becomes the place of luxury and financial freedom you anticipated.

Smart Shopping Tips To Setup Your First Home

Smart Shopping Tips To Setup Your First Home

Don’t Overspend on Remodelling and Furniture- Everyone wants to personalize their new home and upgrade what was temporary renter’s furniture with something more classy and stylish. You need not go on a buying spree; you have just depleted your savings on buying your house, so now is the time to think and act smart. Determine your style and make a list of the important things you need. Browse through websites and magazines and make a floor plan according to your personal style.

[Read more…]

How to Make Your First Real Estate Investment a Success

Learning to invest in real estate can be very uncomfortable initially. To become a successful real estate investor, you also need to determine what you want to accomplish through real estate investing. A successful real estate investor is simply a person who knows what he wants- financially, personally and in terms of what he wants to contribute to the world – and uses realty as a means of achieving it.

How to Make Your First Real Estate Investment a Success

How to Make Your First Real Estate Investment a Success

So, in order to secure your real estate investment for a successful endeavor, follow these tips:

Have a plan to work on- It’s simple to put pen to paper and figure out how to become financially independent. Successful investors battle the tendency to get caught ‘in the thick of things’ by creating not just a list of goals, but a daily plan to reach them. [Read more…]

Why your First Home should be an Apartment

Your first home need not be your last home, we all desire to have a big mansion with open space, a garden, an individual set up, but is it wise to put in all your money and take a hefty mortgage?  The answer is NO. Learn to be wise in your first investment and see that you make a profit on the investment in the long run. So you are buying your first home and definitely you want be close to the city and your workplace, an apartment is far more an affordable first home option.

Why your First Home should be an Apartment

Why your First Home should be an Apartment

Not only apartments are an affordable option but you have a vast choice from which to pick and choose a home which suits your pocket and fulfills your needs. With the current boom in the real estate sector, you can save money and get a brand new apartment with all modern facilities and amenities plus high grade security measures. [Read more…]

First-Time Homebuyer? You Must Know these Real Estate Jargons

Home hunting is quite a complicated task and requires strong vigilance over a number of things. Area of the unit is one such factor that is the base of many complaints lodged against the builders on account of misrepresentation of facts. To stand on the right side, you must be aware of the important guidelines for buying your first home. One such guideline is related to the area of the unit you buy. Carpet area, built-up area and super built-up area are the three terms that will definitely come along your way. They are very different from each other but can make a huge difference in the price you pay for your dream home.

First-Time Homebuyer You Must Know these Real Estate Jargons

Let us discuss these three terms in some detail:

Carpet Area- In simple terms, it is the area of the house in which you can lay a carpet wall to wall. Hence, this is the distance between the inner walls of the house. It refers to the total usable area of your flat. It will also include the area of the staircase (if any) that is within the house as that also makes usable area. [Read more…]

Tips to be Financially Ready to Buy Your First Home

Almost all of us grow up with the dream of having a home of our own someday. We make a zillion plans to make this dream come true; still only 50% of us succeed. Why? The essence of buying a dream home lies in the ability to manage your finances. You must be financially fit to afford a home you have always dreamt of. Now you might be thinking that this is what you have been doing for years. Right! But here, we are talking about a smart financial planning.

Tips to be Financially Ready to Buy Your First Home

Given below is a simple guide to being financially-fit:

Know what you can afford- This might sound like the same old advice but it is indeed the most important advice you can ever seek. Being clear on your own affordability needs does not let you wander around in your dream land. Before you enter the property market, you must be realistic about your approach. Limit your choices to what you can actually afford within your budget. If you are not able to decide, visit a few open houses, do some online research. You will get to know what type of property will be available in your budget. Do smart research and then decide on your budget. [Read more…]