First-time Home Buyer Do's and Don'ts (9870747174)

Here’s a helpful list of First-time Home Buyer Do’s and Don’ts to guide you through one of the biggest decisions of your life:

✅ Get Pre-Approved for a Home Loan
- Know your budget and improve your negotiating power.
✅ Set a Realistic Budget
- Include not just the home cost but also taxes, maintenance, registration, society charges, and furnishing.
✅ Research the Local Market
- Understand area prices, upcoming developments, builder reputation, and infrastructure plans.
✅ Hire a Trusted Real Estate Agent
- A professional can help with price negotiation, paperwork, and property selection.
✅ Inspect the Property Thoroughly
- Check the structure, plumbing, electricals, ventilation, Vastu (if important to you), and legal clearances.
✅ Prioritize Location
- Choose based on connectivity, safety, future appreciation, and proximity to schools, hospitals, and work.
✅ Understand All Legal Documents
- Verify property title, occupancy certificate, RERA registration, and society approvals with a legal expert.
✅ Think Long-Term
- Choose a property that suits your future needs like family planning or remote work.

❌ Don’t Rush the Process
- Emotional decisions can lead to regret. Compare multiple options before finalizing.
❌ Don’t Overstretch Your Budget
- A dream home shouldn’t become a financial burden. Always have an emergency buffer.
❌ Don’t Skip Loan Comparisons
- Compare interest rates, processing fees, and terms from different banks or housing finance companies.
❌ Don’t Ignore Additional Costs
- Avoid surprise expenses like stamp duty, maintenance, parking, registration, and GST (if applicable).
❌ Don’t Rely Solely on Online Listings
- Visit the property in person. Photos can be misleading.
❌ Don’t Forget Future Resale Value
- Choose a locality with good appreciation potential and demand.
❌ Don’t Make Verbal Agreements
- Always get everything in writing – including payment terms, possession date, and inclusions.

First-time Home Buyer Do’s and Don’ts