5 Mistakes to avoid while buying a Home

Posted by Heather Homes on April 19th, 2021

Buying a home should be a deliberate process carried out with care and caution. As any wrong step from your part will shatter the idea of a dream home, the purchase should be made only after careful scrutiny of certain associated factors. Whether buying a house or a flat or an apartment, there are some guidelines to be followed to ensure that the buying process is completed hassle-free.

Here is a list of 5 mistakes that should be avoided while buying a home.

 1. Financial burden

Many are lured by the charm of big houses even if there is no use of those extra bedrooms for their family. By doing so one is making a long-term burden on their finance with the bulk EMI amounts and loan repayments. It is always advisable to stick to your budget and choose a house ideal for your family’s requirements rather than opting for what you cannot afford only to regret it in the future.

 2. Over-looking resale value

At times, the eagerness of owning a home results in overlooking factors like resale value that may affect one in the long run. Always keep in the mind the possibility of selling the property in future due to unforeseen circumstances. Consider the location, condition and environment to analyse the resale value.

 3. Ignorance of carpet area

Most builders and developers advertise the size of the house or flat to be an attractive figure. But do not fall prey to this marketing gimmick as the prescribed dimension might only be the super-built up area that includes staircases and passages and not the actual useable carpet area. One should always verify whether the advertised area is adequate for the family considering the super built-up and carpet area.

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