The Delhi Development Authority (DDA) has launched the first phase of the ambitious Housing scheme for the year 2019 recently. The Authority has decided to sell a total of 1250 flats in the first phase and on a first-come-first-serve basis. These flats are situated in Ramnagar Colony, Narela and Seersapur. According to the latest news report, 700 flats already booked by prospective homebuyers within 24 hours of the launch.
Real estate is one of the most secure financial investments so it is the best bet to invest your money in. You also get home ownership rights and create an asset that adds to your wealth portfolio. The new generation believes in being financially independent before trying to settle down, so you have more people staying single for a longer time. Single home buyers are no different from couples but they need to consider a few more things before making a property investment. The first thing they have to focus on is their financial capacity and the resale values of their property keeping in mind the job transfer and matrimony which requires relocation.
The number of single woman home buyers has increased in the past years as compared to men. According to a survey done in 2014 first time home buyers are more likely to be single females as compared to males.
Here are a few tips especially for the first-time single home buyers
If you are a first time home buyer consider what your pocket can afford. If taking a loan opt for some advice and take financial help which keeps you within your comfort zone. Avoid over borrowing; set your upper limit.
Choose the right location where you have basic facilities at hand or at a walking distance. Stay close to friends or relatives.
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