Smart ways to buy a home

Finding a property of your dream is exciting and a tedious task at the same time. However, with a proper guidance, anyone can find what they are looking for. Real estate is hot a topic that is always in debate. There are a number of factors that have to be considered before buying a house such as prices, locations, taxes, stamp duty, clearances, developer’s background and much more. On top of that our busy work schedule stops us from going out searching for that perfect property.

Knowing your budget is one of the most important factors to keep in mind when looking for a home. This budget has to be planned according to your expectations of a property. However, the best suggestion is always to look for a home that has space enough to accommodate the family and their future. Avoid spending money on very spacious homes unless necessary. Apart from these, there are other expenses like stamp duty, registration fees, society fees, EMI, etc. Being close to the public services should be on the priority list. You don’t want to be too far from a school, public transport or market. It should be in a way where the basic services are within a close proximity. Other ways to check for a home is by researching online, mobile apps, real estate agents etc.

However, there is one more factor which is very much mandatory before buying any property which is the Down Payment. You need to start saving early in order to make a down payment which is 20% of the property price. HomeCapital is helping the first time buyers to fulfill their down payment needs by providing 50% assistance in the form of interest-free credit through their partnered financial institutions.