Checklist of top 5 things to do before buying a Flat/Apartment/Villa

Home buying is one of the most critical decisions in one’s life and to choose the right home at the right place and price with right financing requires proper scrutiny. Here is a checklist of things to do before buying a house:

• Check your credit score

A good credit score gives you a good interest rate and lenders use this credit score to determine the interest they would charge from their borrowers. Those with an excellent credit score pose a lower risk of defaulting on mortgage, and also their reward would be to pay a lower mortgage interest rate.

•     Set a budget

When choosing or planning to buy your dream home, always create a budget. Figure out your needs and see if it matches your budget. Ensure that you do not spend more than 30% of your gross income on buying a home.

•       Know the current market

Before you select a real estate agent or a broker, do the math and get to know the market you are looking forward to invest in. With various online sites available to do the basic research, you get insights on what exactly you can afford and the location you can invest in.

•        Think about probable chances for resale

While buying any property, ensure that it has a good resale value in the future. Do not choose a home that meets your current requirements but later on becomes a tough deal to resell because of these specific need satisfying factors.

•        Check nearby facilities

While buying a property, check for the nearest social infrastructural facilities that would be unavoidable during your course of stay. Educational institutions, hospitals, restaurants, recreational centres and such facilities are those that make life easy and convenient. 

  Heather Homes one of the leading builders in trivandrum offers flats ,apartments in trivandrum. Consult us before buying a flat or apartments in trivandrum. Or visit our website for more details.