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!