Paarth InfraBuild: This article is a great guide to consider when you are buying a home for the first time. For a first timer planning to buy a home a thorough market research is essential along with a lot of caution before finalizing a deal. Home buying has become an emerging trend in the younger generation looking out for real estate assets for the much desired cozy nook for themselves.you are buying a home for the first time.If you are buying a home for the first time then your should consider theses things in mind. Few essential tips to guide a property buyer for the first time: • Evaluate your need and assess your budget- • Know about the different rate of Interests and compare loans- • Location and builder to rely on- • What type of home best suits your needs? • What specific features will your ideal home have? • How much home can you actually afford? • Who will help you find a home and guide you through the purchase?

1. Tips For First Time Home Buyers

2. For a first timer planning to buy a home a thorough market research is
essential along with a lot of caution before finalizing a deal. Home
buying has become an emerging trend in the younger generation looking
out for real estate assets for the much desired cozy nook for
themselves. Finance becoming more easily available and with the
booming economy, real estate investment has become the new craze.
Buying a home is a major decision in life and one has to be cautious. The
following advice will be quite handy for a new buyer before he gets to
but his dream.

3. Few EssentialTips to Guide a
Property Buyer for the First
Time:

4. Evaluate Your Need and Assess Your Budget-
Be clear about what you want and understand your requirement. It’s
either a home to stay for you or as an investment. Buy a property only
after you have decided on your goal. Be sure about your budget and how
much you want to invest. The property you invest in should be at par
with your monthly income that will take care of your EMI. Financial
planning stands to be an integral part of home buying especially for the
first timers. Step back and review on all the financial obligations that you
have and what your actual income is coming to. This will determine the
amount you can afford to pay as your EMI for the loan per month. It will
be wise to keep aside a reserve of 4 to 5 months EMI to counter any
sudden financial crisis.

5. Interests have fixed and floating rates. A fixed loan is always stress-free
as it remains constant no matter how and when the market fluctuates.
Floating loan comes with a risk as it depends on the prevalent economic
situation of a country. A thorough study of the different loan options
that are available in the market will help you choose the best suitable
loan. Loan comparison and negotiation with banks can save you big by
giving you a good deal. Negotiation is also forms an important part of a
property dealing. You will have to be aware about the foreclosure
charges from your lender before signing on the agreement.
Know About the Different Rate of Interests
and Compare Loans

6. Location and Builder to Rely On-
Another very important factor is the location when you are choosing a
home for yourself. A convenient location that is in close proximity to
business areas, educational institutions, hospitals and malls is a necessity.
Choosing a builder with a good credibility can be a boon for you. The
best builders in Lucknow have good market credibility. Find out that the
developer you choose is a member of CREDAI, a governing body for
builders.

7. Online sites, newspapers are flooded with property ads although it will
be a tedious job to surf all these and it is confusing too. To get hold of
trustworthy realtors there are services that do the job for you of finding
you a good deal. They are dedicated people who do the research for you
according to your needs and pocket and find a suitable realtor. You
should be constantly in touch with the developer, making regular site
visits to keep a track of the work done and the sale deed has to be
shown to your legal advisor before signing on the documents. After you
have closed down in a property and made the first payments you will
receive a letter of allotment bearing every details of the flat.

8. The above guidance if followed will
save you from future regrets.

9. Registered Office
Plot No. 73, Ground Floor
Patparganj Industrial Area
Delhi - 110 092
Corporate Office
A-6, Sector-58,
Noida, U.P. 201301,
Phone: 0120-4022333
(M) +91-9711531988
Regional Office
3rd floor, Eldeco Corporate Tower,
Vibhuti Khand, Gomti Nagar,
Lucknow-226010, U.P.
Phone: 0522-4935900
http://www.paarthinfra.com/Website:

10. Related Articles Before Buying a Home
• How to Make Sure You are Purchasing the Right Home for Your
Family?
• Is Vaastu Shastra Really Important for my Home ?
• Is My Home Earthquake Resistant?
• Did You Check the Construction Quality of Home You are Buying?
• Documents to Check Before You Buy a Home in India
• Guide to Finding the Right Real Estate Agent

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