Skip to main content

6 Things to Consider Before Buying a New House

 The dream of everyone is to buy a house with their own earned money. Agree or not !! Buying a house is a big decision and a big milestone in life. A house is a place where a person feels comfortable and safe, but happiness is at another level when the house is own.


Buying a house or property means a large scale financial transaction. A first-time home-buyer needs to research and have enough real-estate knowledge of the surrounding house and other factors. 


Here in this post, I will share some important factors to look into before buying a new house. After all, you are going to put your hard-earned money into this.


6 Things to Consider Before Buying a New House
6 Things to Consider Before Buying a New House


6 Things to Consider Before Buying a New House


1- Location : 

Location is an important aspect and the first thing to check during buying a house. The first preference of location of the new house would be near that person's workplace, near their children's school, market, hospital, and transport facility within reach. The more facilities nearby make the place more suitable to leave. Also, good neighbours matter a lot, after all, people in your surroundings should be well mannered and educated enough.

 Some people like to live near the main road with all the facilities around while others love to stay away from the chaos and main-road crowd. They like to live in peace and with greenery all around. 


2- Size and Structure of House : 

Before checking a new house, you must have a clear picture of how big or grand house you need. How much space or layout is your requirement. It would be best to have a play space, garden space, bigger hall area, etc. According to your need, search for a good house space for you. If you have larger family members, you might need a bigger space than a nuclear family. Again it must be clear in your mind that you need a flat in an apartment or a row house. 


6 Things to Consider Before Buying a New House
6 Things to Consider Before Buying a New House



3- Budget and Estimate your Loan :

 You should fix a budget depending on your earnings before finalizing the house. One must be very clear about how much he can spend on buying the new house. With buying a house, many additional expenses arise, including interior, furnishing, electric fitting, and other maintenance. All these additional costs can make you overspend your budget. Hence a proper budget that includes all these other expenses must be required, and you should stick to your fixed budget to avoid any further financial issues.


When you are buying a house, you will invest a huge amount of your income, which ultimately will impact your future life. You need to understand what you are getting yourself into while applying for a mortgage. It will help you to know the down payment you should consider. It may be 20% or vary with a different seller or FHA loans. It is very important to estimate your loan amount, which you have to stick to.


4- Age, Safety and Vastu of the House - 


 If you are opting for an old house, make sure to inquire about the house's age. The old house might look aesthetic or glowy from the outside, but it may require extra maintenance and budget. If the house is newly constructed, then there are no issues. You can easily establish your modern theme within it.


 Safety matters a lot while moving to a new house. HOUSE defines where we feel safe, secure and at peace. Generally, people love to stay where they feel secure and safe to live. Hence before booking a house, enquire about the people staying there, the Safety of the kids to play, etc., is important.


 In Hindu culture, VAASTU plays an important role before buying any house or new property. It believes that Vaastu brings lots of positive energy to the house. It creates an invisible bond between people and God. Hence it is required to look into the Vaastu of the house before finalizing.


5- Inspection -

House inspection before buying is very necessary. A buyer has the right to know every detail of the house and its current owner. One should negotiate the price of the house as per the current condition. If you are buying a newly constructed house, inspect the builder and other official and legal documents of the house.


6 Things to Consider Before Buying a New House
6 Things to Consider Before Buying a New House


6 - Dealer - 

Most people buy their dream house once by investing all their hard-earned money; hence it should be the best and wise decision. As we discussed, there are many things to consider before buying a house. But again, if you can't decide or feel confused, you can contact the real estate agents. They are professionals and can help you get the best house based on your requirement. The only thing is you have to go with a trusty dealer.


6 Things to Consider Before Buying a New House
Pin it ..

Own house always brings beautiful memories to cherish forever. This will help you save taxes and rent that are usually paid once and never come back. The EMI you will pay remains the same while your income will increase over the passing years. Also, the property value will increase day by day. It is wise to buy your own house as early as possible with proper budget planning. 



Comments

Translate

Popular posts from this blog

Nivea Soft Light Moisturiser - A Good Option For Summer ..

Nykaa Ultra Matte Lipsticks Diana and Marilyn - Review and Swatches (Video Inside)

Review : Oriflame's Nature Secrets Shampoo & Conditioner For Dry And Damaged Hair Wheat & Coconut

Oriflame Giordani Gold Long Wear Mineral Foundation SPF 15 in shade 'Light Ivory' - Review

Stay Quirky Eye Love You Kajal Review