Tag Archives: Buy property at Navi Mumbai

Frequent home buying mistakes & how to avoid them

With the real estate prices in Navi Mumbai & all over Mumbai becoming affordable post the roll-out of GST and RERA, it may urge several people to buy their dream home now. Buying a new home is a major decision, especially for first time prospects where they may make a blunder.

But don’t you want to avoid such kind of errors typically when it comes to home buying? After all, it’s your hard-earned money and you should be in charge of it. Here are a few tips to help you take back control over your home buying mistakes & how to avoid them:
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Organizing your finance:

When you’re ready to walk into a dealership, the next prep-work you need to focus is organizing your finances. You can also negotiate with an agent to get the best price for your home in Navi Mumbai. Once you have fragmented your finance, it will help to use the spare budget for clearing down payment, taxable amount and other hidden costs associated with your dream home. Turning a blind eye to additional costs is a common error which buyers make.

Real estate policies:

It is no doubt that RERA and GST are redefining the regulatory reforms of real estate in India, which has influenced the current prices of affordable properties, under construction, ready-to-move-in houses. Hence, it is a mandate for home buyers in Navi Mumbai to stay updated regarding real estate policies and how they are affecting the mortgage rates for different states.

Keep account of transactions & written proof:

Whether you’re purchasing a home for the first time or investing for a future purpose, it is good to collect a written proof of the purchase contract. In fact, it is advisable to keep account of even smallest of transactions & every vital paper work. This will save you from fraudulent activities. Make sure your agreement mentions registration, property completion date, as well as conditions in case of delay. Do a detailed paperwork study by consulting a lawyer in case you’re less knowledgeable about legal formalities.

Detailed research:

A careful and persistent effort is the key if you’re looking for a new home in Navi Mumbai. When searching for dealers, negotiate in such a way to grab the best deals. Research thoroughly on location, construction company, real estate agent, insurance and other vital things. Once you have decided to invest in a home, it is necessary that you know about the future prospects of the surroundings, and what are the upcoming developments. Seek recommendations from your friend for a professional inspection of your neighbouring area. It is a mistake if you are unaware of profits you can gain from the developments that may happen in the near future.

It is important that you have a complete control over mistakes. You can ensure to be extra cautious by following some of the steps outlined above. To get the best deals, visit Akshay Argade which is the leading real estate company in Navi Mumbai.