Just locating a favourable property may not be enough, making sure that you get the best deal while buying your dream house is equally important. Here’s a short Slideshare presentation with more tips to keep in mind while buying a house.

1. PART 2
21 TIPS TO HASSLE-FREE
HOME BUYING
Disclaimer: The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision,
verification and amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any
jurisdiction where such distribution or use would (by reason of that person's nationality, residence or otherwise) be contrary to law or regulation or would subject ICICI Bank
or its affiliates to any licensing or registration requirements. This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to
create any rights or obligations. Nothing in this document is intended to constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of
any investment, or a solicitation for any product or service. Please obtain professional legal, tax and other investment advice before making any investment. Any investment
decisions that may be made by you shall be at your sole discretion, independent analysis and at your own evaluation of the risks involved. The use of any information set out
in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by ICICI Bank based upon projections which have been
determined in good faith by ICICI Bank and from sources deemed reliable. There can be no assurance that such projections will prove to be accurate. ICICI Bank does not
accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set out in this
document. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith and sources
considered reliable by ICICI Bank. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all
information available from public sources or which was provided to us or which was otherwise reviewed by us. Past performance cannot be a guide to future performance.
"ICICI" and the "I man" logo are the trademarks and property of ICICI Bank. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.
Source: www.icicihfc.com

2. 1
VALUE ADD ONS
Value Additions from developers is a
regular feature.
Look for Value Adds that might reduce
your cost in the overall transaction.
For eg. Furnished at will reduce your
interior cost post possession.
`
1 of 10
FURNISHED FLAT

3. HIDDEN COSTS
2
Document the entire transaction at the
time of finalising the property.
Hidden costs can disrupt your budget and
your plan of taking possession on a
particular date and time.
2 of 10
`
` `
`
TRANSACTION
DOCUMENTS
HIDDEN
COSTS
+

4. COST OF ACQUISITION
3 of 11
Calculate the total cost of acquisition that
includes stamp duty, registration charges,
maintenance charges, transfer charges,
parking charges etc.
Get the actual price per sq. ft. which can
be used for comparisons.
3 of 10
In case of under construction properties,
you need to pay the rental charges for
your current rented place till completion,
and interest charges for loan till
registration, make sure to account for
these charges too.
Keep a margin of a couple of months as
the final possession may be delayed.
3
`/sq. ft.
`
` `

5. SOCIETY REGISTRATION
4 of 11
4
HEALTH
INSURANCE
REGISTER
4 of 10
HEALTH
INSURANCE
SOCIETY
RULES
In case you have purchased a house in a
registered society, see that you check the
society rules regarding
Selling the property
Renting it out
Maintenance charges
Vehicle parking space & charges
Other amenities etc.
SALE
FOR
RENT
FOR

6. AGREEMENT OF SALE
5 of 11
5
See that the Agreement of Sale is drafted
according to the related state rules.
5 of 10
Check if it contains all the related
documents like title certificate, CC list,
copy of plan, etc.
HEALTH
INSURANCE
AGREEMENT
HEALTH
INSURANCE
AGREEMENT
OF SALE

7. STAMP DUTY
6 of 11
6
6 of 10
Enquire about the stamp duty you need
to pay to arrange for the finances.
Register the agreement on which you
have paid the stamp duty at the
registrar’s office.
Ensure that the stamp duty and the
registration happens on time.
STAMP DUTY REGISTRATION

8. VERIFY DOCUMENTS
7 of 11
7
Check if the solicitor’s title report, title
certicate, local municipal body approvals,
No objection certicates, terms and
conditions are in place.
7 of 10
TITLE REPORTTITLE REPORT
HEALTH
INSURANCE
LOCAL MUNICIPAL
BODY APPROVAL
NOC
CERTIFICATE
HEALTH
INSURANCE
DOCS
VERIFIED

9. MANAGE THE DOWNSIDE
8 of 11
8
Prepare yourself for additional responsibilities
and costs such as maintenance, payment of
taxes, opportunity costs and to manage the
trade offs.
8 of 10
`
` `
TAXPAYMENTS
`

10. RISK PROOF YOUR HOME
9 of 11
9
9 of 10
Plan the risk coverage for your life, house and its contents and take an
appropriate insurance cover.
HOME
INSURANCE

11. COMPLETE THE PURCHASE
10 of 11
10
Set a date for the purchase. Get the Home
Loan agreement.
Keep payment receipts and copies of
documents, insure your home, enhance life
and accident covers.
10 of 10
Get the title of the property in your name
and get the purchase transaction
registered.

12. THANK YOU
END OF PART-2
Disclaimer: The contents of this document are meant merely for information purposes. The information contained herein is subject to updation, completion, revision, verification and
amendment and the same may change materially. The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use
would (by reason of that person's nationality, residence or otherwise) be contrary to law or regulation or would subject ICICI Bank or its affiliates to any licensing or registration requirements.
This document is not an offer, invitation or solicitation of any kind to buy or sell any security and is not intended to create any rights or obligations. Nothing in this document is intended to
constitute legal, tax, securities or investment advice, or opinion regarding the appropriateness of any investment, or a solicitation for any product or service. Please obtain professional
legal, tax and other investment advice before making any investment. Any investment decisions that may be made by you shall be at your sole discretion, independent analysis and at your
own evaluation of the risks involved. The use of any information set out in this document is entirely at the recipient's own risk. The information set out in this document has been prepared by
ICICI Bank based upon projections which have been determined in good faith by ICICI Bank and from sources deemed reliable. There can be no assurance that such projections will prove to
be accurate. ICICI Bank does not accept any responsibility for any errors whether caused by negligence or otherwise or for any loss or damage incurred by anyone in reliance on anything set
out in this document. The information set out in this document has been prepared by ICICI Bank based upon projections which have been determined in good faith and sources considered
reliable by ICICI Bank. In preparing this document we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from
public sources or which was provided to us or which was otherwise reviewed by us. Past performance cannot be a guide to future performance. "ICICI" and the "I man" logo are the
trademarks and property of ICICI Bank. Misuse of any intellectual property, or any other content displayed herein is strictly prohibited.
Source: www.icicihfc.com