Wednesday, July 22, 2015

Have you overpaid for your property?

What is the total cost of your property?
Do you know the cost of the various elements and assets you have paid for in your property?
Not of all of them!
If you have not bought a property till now, then this is the time you must know about the fundamentals that can help you reduce the property buying cost when you are searching for your dream property! Here are a few ways you can try to bring down the cost of the property you are about to purchase. Have a look!
Since most of the apartments have car parking, you can request the builder to reduce the cost of parking area.
You could also negotiate with the builder on the floor rise premium and can save a large amount of money with that.
When you find a property in your much desired location, then at times, the builder demands the preferential location charges which you can try to negotiate and get it reduced.
If you have been searching for the right property with the help of a broker, then you can negotiate with the broker to reduce his service charges so as to reduce your expenses in the overall property buying process.
If you have planned to opt for a home loan from the banks, then get the approval from the bank beforehand. Also, choose wisely between the banks that are offering loans at rates of interest  and EMIs that suit your affordability. You can try to negotiate on the bank related charges.
Thus, these are some of the ways which can help you reduce your property cost without compromising on the quality, features and facilities that the builder is offering in the project. So, this time, when you search for a property, get all the details about the construction from the builder and try to negotiate on the cost of the property. Remember, the key to reduction of cost of property is “NEGOTIATION”.

Also, let us know if this helped you in your property buying process to reduce the cost of property. We’ll be happy to hear from you!

Monday, July 13, 2015

Skills count in the process of home buying

Home buying is one of the most critical financial decisions that any first home buyer would take in his/her lifetime. Buying your first property indeed, gets you excited about the entire home buying process as you want it to be a pleasant experience overall. However, going ahead with the property buying process in the absence of consultant can bring in complications in the process. As a home buyer, you will confront a lot of questions and doubts related to the property types and features including amenities, interiors etc. which need to be addressed appropriately in order to make a more informed and confident property buying decision.

This requires skills so as to avoid the mistakes that any first home buyer would make. Starting from the well assisted approach with precisely defined objectives of buying a home to finalizing the budget for the property, the whole process requires the skills in order to streamline the complete process for a smooth, hassle-free property buying. At the beginning, it might appear to you a lot more easy, but, searching for the right property in right budget at right location involves a lot of research and pre-planning.

Considering the instant availability all the information required via internet, nowadays, most of the property search takes place online. But, the information collected on the grounds from realtors that takes into count their years of experience still stands apart and trustworthy. Having a consultant to guide you through the property buying process will not only protect you from falling into various pitfalls, but, will also save you time and money and various other resources involved in the process.
As a new home buyer you might get influenced and even mislead at times, which would result in mistakes that cannot be rectified later. Where as a realtor will work to negotiate keeping in mind your financial interests, helping you buy the right property that fits your budget and has your desired features and amenities in a good locality.