5 Smart Things All Navi Mumbai Homebuyers Should Do


Buying a home is one of the big decisions of a person’s life, and the person has to make an intelligent choice of saving themselves from extra expenditure and at the same time procure their dream home. If the buyer is a buying a Property in Navi Mumbai, it should not be a hasty decision albeit a well-researched decision.

Below is the list of five smart things homebuyers should note:

1. Draw up a financial plan:

Before stepping into the real estate market, the buyer should draw up a financial budget to plan the expenses of purchasing their dream home. Any smart buyer would first calculate the rough estimate of their home purchasing budget which includes:

✓ How much amount is needed if they a procuring property in Taloja or any other part of Navi Mumbai?
✓ What will be the down payment?
✓ The amount of home loan
✓ What will be the Equated Monthly Instalments for that loan?
✓ How will it affect their regular monthly budget?

Answering these questions will help the buyer to know their financial status when planning to buy a home with Builders in Navi Mumbai.

2. Make a list:

Smart buyers know precisely what they want and how they want. They are well-informed buyers who have intimate knowledge about their needs and boundaries. By making a list, the buyer can decide the type of property to purchase:
✓ The location of the property
✓ In which area is the property located?
✓ What is the carpet space?
✓ What are the amenities available on the property?
✓ Is the area well-connected?
✓ Is the price affordable and does it come under the budget?

This list will help the buyer to zero in on the property they want to purchase.

3. Eligibility and pre-approval of home loan:

Before looking at a property provided by a real estate developer in Navi Mumbai, a smart buyer can check their loan eligibility and also obtain a pre-approval for their home loan. Getting pre-approval for the home loan will also increase the appeal of the home buyer in the eyes of the builder. A pre-approval will also reduce the documentation needs and legal work relating to the registration of the property.

4. Learn about the market:

Before jumping into a home purchase, a smart buyer has to increase their knowledge of the market, learn about the current market trends and research the price of available properties in the area. The buyer can also compare whether they will be able to procure a larger apartment for the same cost from any other builder in Navi Mumbai or any other area of Navi Mumbai.

5. Get professional advice:

One of the smartest things that a home buyer can do is enlist the help of an experienced real estate agent who can guide about the process of the home buying and can help in narrowing down the list of prospective properties that will fit the buyer's requirements. Smart buyers should not choose agents who are interested in only selling their properties. Getting references from people who have recently purchased a home will help in selecting an excellent realtor.
These smart tips will help the buyer to invest in a good Project in Navi Mumbai and live in their dream home.

Location: Navi Mumbai, Maharashtra, India

Comments

Post a Comment

Popular posts from this blog

Buy Ready Possession flats Projects in Navi Mumbai

Image
Real estate is a kind of investment that has higher economic importance than any other investment Navi Mumbai city has witnessed a tremendous growth in the real estate over a passing decade, positioning itself high in the list of realty hotspot. Amongst the emerging peripherals its incredible growth has redefined the real scene of Navi Mumbai. The robust Real Estate Developers in Navi Mumbai are driving up its demand in real estate market. The crucial facts that one needs to make a good profit out of this investment is to analyze the good place properly and also calculate one’s budget appropriately. How much can you afford flats cost. In real estate terminology, possession means having a right against a property projects in ulwe. And every Individual whether it is a property investor or an end user wants to buy or invest in a home now book a flat projects in kharghar. Living in your own flat or house provides you with great a feeling of security, independence and happine
Read more

Tips to Crack a Good Deal While Investing in Commercial Real Estate

Image
Investment in real estate, especially residential properties, is quite popular amongst the investors. However, the benefit and opportunities available for investments in commercial spaces, could be far more significant than residential properties. Rental yields in commercial properties Commercial and residential properties have very different dynamics. From an investor’s perspective, a commercial property is normally traded on a yield basis. An investor targets a rental return of at least seven to eight per cent on a commercial property, says Nitesh Punjabi, associate director, capital markets and investment services, Colliers International India. “Moreover, it is not very easy to leverage on the investment in a commercial property. The only leverage that is available is loan against property, which is more expensive than a home loan,” Punjabi adds. On the other hand, residential investments usually yield rental returns of two to four per cent. An investor in this asset cl
Read more

Dronagiri: New Rail Lines to Provide More Connectivity, Improve Network

Image
Update on February 4, 2019: The interim budget 2019 has made a provision of Rs 584 crores, for various phases of the Mumbai Urban Transport Project (MUTP). The interim budget presented by finance minister Piyush Goyal, has allotted Rs 7,672 crores for the Central Railway in total, of which Rs 744 crores are for various transport projects. It will cover the Belapur-Seawood-Uran railway line project in the Mumbai region. Transportation and connectivity are two key factors that home buyers keep in mind, while selecting a property. Consequently, areas that are well-connected to office hubs and market places, witness good demand. Recently, on November 11, 2018, the Central Railway (CR) opened up a 12-km corridor, which links Nerul and Belapur in Navi Mumbai with Kharkopar in Ulwe, much to the delight of the residents of Dronagiri and Ulwe. The corridor is the first phase of the 27-km Belapur-Uran corridor, which is being developed by the CR and the City and Industrial Development Cor
Read more