Buying a house is everyone's dream. For this, many people work very hard. They save a lot of money. Then they are able to buy a house. While buying a house, people have to pay attention to many things. People look at the location of the house. They look at the budget of the house. They find out how far the nearby hospital, restaurant, cinema hall are.
Then people take the house deal forward. All these things are not so important. But apart from this, it is important to check many other things. While buying a house, a small mistake of yours can get your lakhs and crores of rupees stuck. Let us tell you what things to keep special attention to while buying a house.
Check your budget and the price of the house
The most important thing that people should check before buying a house is the budget. Before buying a house, many people keep savings. So that they can buy a good house. But if the rate of your house is high. Then it can spoil your plan. That is why look for a house according to your savings.
Because if your savings are less. Then you will have to take a home loan. But by taking a high home loan, you will have to pay more interest. That is why buy a house in that budget. Where you do not have to take a high home loan.
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Ready to move or friend under construction
You can go and shift immediately in a ready to move house. But in an under construction house which is being built under a project. You have to wait to live in it. If the rent of the house where you are living is not high. That means you do not have any problem in living. Then you can invest money in an under construction house. In this, you can save lakhs of rupees instead of a ready to move house.
But in this, you should find out from the builder beforehand that by when will you get the possession of the house. If you do not get the possession by the stipulated time, then it is also important to know whether you will be given compensation or not. But if the rent of the place where you live is high, then you can buy a ready-to-move-in house.
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Must check home loan interest rate and period
If you do not have enough money to buy a house, then you have to take a home loan. You should know this. How much savings do you have and how much home loan do you have to take. If you have to take a bigger home loan, then it can be for a longer period.
That means you may have to pay more interest. If you take it for a shorter period, then you will have to pay more EMI. That is why how will you pay the EMI? What should be the period of the home loan? It is important to check all this. Otherwise you may have to pay more money.
(PC: Freepik)
