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Buying Your First Home? Here are 4 Important Things to Keep in Mind

By Runwal Group Posted On Sep 13, 2021
Category Residential properties

Buying Your First Home? Here are 4 Important Things to Keep in Mind

Home buying is an emotional experience as the happiness and excitement associated with buying your first home is incomparable. However, it is also the most significant investment in a person's life. Thus, you should do it with proper planning for a better deal.

Like all sectors, the pandemic has also affected the real estate market. Therefore, it is critical to know the market well to buy a home relevant to the present and future. If you have no experience in home buying, this blog will help you understand the essential things to consider before deciding.

Important things to keep in mind before buying your dream home

  • Know your budget
  • Know your budget

    The most obvious and crucial thing to know before buying a home is your budget and affordability. While planning your budget, it is essential to know different expenses and payments related to home buying.

    One of the primary expenses is the monthly installment of home loans. First and foremost, it is crucial to know your credit score before applying for a home loan. Then, decide how much you can afford to pay monthly by not hurting your overall budget.

    Apart from home loans, there are other expenses that you should keep in mind for a smooth home buying experience. These expenses include brokerage, registration and stamp duty amount, additional documentation charges, etc.

    Down payment is another crucial aspect that you should consider while planning to buy a home. Ensure you have sufficient savings to cover the down payment and other buyer-related small expenses for a hassle-free experience.

     

  • Do market research
  • Do market research

    Market research is beneficial for buying a perfect home that suits your requirement and budget. Research the best developer, broker, market changes, etc., for making an intelligent investment.

    After the pandemic, the real estate market has changed quite a lot. Homebuyers are looking for futuristic and ideal places to live in the new normal. Update your knowledge regarding these new requirements and features that make a home futuristic and relevant to the current scenario. It will help you in your buying decision.

    With features and specifications, it is equally important to know the reputation of a broker and a developer before dealing with them.

     

  • Find the best neighborhood
  • Find the best neighborhood

    Buying a home is not just buying a place to live but a lifestyle, which a location can enhance or worsen. Living in a busy city like Mumbai, you need to have a home in a good neighborhood. Your home’s location should be convenient for a daily commute and promote tranquility.

    You should opt for homes that are nearby to daily essential services and infrastructure. These places include banks, ATMs, hospitals, school colleges, shopping centers, entertainment zones, gardens, railway stations, highways, etc. Buying a home near these places will undoubtedly make your investment worth it.

     

  • Find the right project
  • Find the right project

    Here comes the final and most crucial step in a home buying process: finding the right project. The definition of a right and perfect residential project varies amongst homebuyers. It would be best to choose a home that offers acceptable features and facilities to make your life easier.

    Homes located in a sophisticated neighborhood that offers modern amenities, extra indoor space at an affordable price are trending. Such residential developments seem to be the right project to live in the new normal.

     

A project perfect for you

Get the best-in-class homes — pick premium projects from reputed developers to ease your home buying journey further.

Runwal Group is one of the most trusted and reputed real estate brands in the country. The group offers excellent homes at an attractive price range. One such project from Runwal Group is Runwal Bliss that is luxurious and premium from every dimension.

At Runwal Bliss, you get a fantastic blend of comfort and convenience. It offers world-class amenities, top-notch apartments, and a locality with good connectivity and beautiful views. So if you are looking for 2 BHK flats for sale in Kanjurmarg East Mumbai, then Runwal Bliss is the project for you.

To experience all the incredible features and premium homes, get in touch with us. Schedule your site visit to Runwal Bliss to live a blissful life with your loved ones.

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Disclaimer

The plans, specifications, images and other details herein are only indicative and subject to approval of the concerned authorities. The Group / Owner reserves the right to change any or all of these in the interest of the development, without prior notice or obligation. Artist’s impressions are used to illustrate amenities, specifications, images and other details and these may be applicable to select apartments only. Tolerance of +/- 3% is possible in the unit areas on account of design and construction variances. All brands stated are subject to final decision of the project architect. This printed material does not constitute an offer and/or contract of any type between the Group / Owner and the recipient. No booking or allotment shall be deemed to have been made on the basis of this printed material. Any Purchaser / Lessee of this development shall be governed by the terms and conditions of the agreement for sale / lease entered into between the parties, and no details mentioned in this printed material shall in any way govern such transactions unless as may be otherwise expressly provided in the agreement for sale/lease by the Group / Owner. The Group / Owner does not warrant or assume any liability or responsibility for the accuracy or completeness of any information contained herein.