That time is long gone when all important decisions were taken by men. Times have changed now. Women have become stronger and self-dependent, and they have come out as a better decision maker. The real estate industry has also seen a good deal of activity from women home buyers. Records shows that in India about 30 percent of the homebuyers are women. The figure includes both married and single women.
So if you are also thinking of joining the bandwagon of women homebuyers, here are few things you should keep in mind before signing on the dotted line.Plan Your Finances, Don’t Push the Limits
While going for a property purchase, one thing that holds the highest importance is that you should not compromise the lifestyle you are living. Do not cross the line of budget that you have created on your own. You should be able to maintain your lifestyle along with EMI and mortgage payment. No one can know your finances and expenditure better than you. Hence planning your budget is the part that requires your time and attention.
Be Sure of What you are going to do in Future
If you are single, know whether you would like to marry in future and have kids. If you are married, know where you will stand after ten years or so. Plan your life in advance. For example, say you have two teenage kids. It is highly probable that they will move out of the house for studies and career after 5-10 years. In such case, pushing your limits and going for a lavish villa will not be a good idea. After all, it would be just the two of you after few years. So have a long term perspective towards property purchase.
Start Small, Then Move towards Perfection
When we picture our home, we can see a perfect image of how we want our home to be. However, as a buyer, you should be practical enough to understand that the home cannot be the home of dreams the second you move in. You have to start small and then move slowly towards perfection. It might take a long time to transform your house into the home you have always dreamt of. Be patient.
An important point that we most often miss out on is to follow your heart. It is your dream home so do not let anyone play with your choices. Dream, plan, discuss and implement. Happy Home buying!
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