4 Common Mistakes to Avoid While Buying A Home

Posted by Chandak Group on January 26th, 2020

Buying your dream home, a 2 BHK Flat In Goregaon West can be a daunting task, especially if it's your first home. It's exciting and at the same time comes with a lot of complexities. Buying a 4 BHK In Goregaon or Apartments In Goregaon West is a big financial commitment irrespective of the size. But many people are not fully prepared or rather poorly prepared to make a good purchase decision.

It is always better to equip your self with all the necessary in formation before you make the final decision. Read on, as we guide you through some of the most common mistakes made by people while buying a 3 BHK Flat For Sale In Goregaon West, so you can avoid them.

1. Not Doing Proper Research and Preparation

Research well is the mantra. While buying a 2 BHK Flat In Goregaon West, know your finances and see what suits you best. A wise home buyer will analyze assets, decipher debts and arrange for pre-approved loans for finance before plunging into the house hunt.

When you plan to get 3 BHK Flat For Sale In Goregaon West, do proper research about the builder and the neigh borhood as well. Remember, when you are buying a 4 BHK In Goregaon, or Apartments In Goregaon West, you are also buying a location. Project Stella by Chandak Group is located strategically in Goregaon West and will surpass our research. Some points to consider during the research are the availability of good schools, hospitals, knowing crime levels in the area, transport and the ease of getting house hold things.Look for properties away from main roads to avoid pollution and noise too.

2. Choosing The Wrong Mortgage

To ensure you are in a good negotiating position, make sure your loan is pre-approved (not just pre-qualified) before you start the process of buying your 2 BHK Flat In Goregaon West.

The bank will give you the amount they can lend to you. But always do your math. Know your as sets and how much you can use. Only for the rest rely on the banks. Pick your financial package carefully as there is a huge difference between what banks indicate, what they can lend you and how much they give.
Also, don't just go to one bank. Try multiple options to see how best you can get for your 4 BHK In Goregaon in a Chandak Group property.

3. Being In fluenced By “The Market”

Don't be swayed by the market. The markets can easily be manipulated by the builders. They sometimes create fake demands to increase the price. You may receive mixed messages from different sources such as media, builders and even friends that may confuse and tempt you to buy a home right away. Do not panic, just wait. Make the right move at the right time to get your dream Apartments In Goregaon West.

4. Going Beyond Your Budget

Now, this is very tough. You want a home with all the modern-day facilities in a prime location with all amenities and more. But the budget is a constraint. Don’t go overboard. Stick to what you have decided. It is ok if your 2 BHK Flat In Goregaon West has no swimming pool or your 3 BHK Flat For Sale In Goregaon West is not on the main road, you can still be happy because you are going to avoid the stress that comes with paying high EMI.

Choose projects from builders like Chandak Group which are not only attractive and come with most amenities, they also come in various sizes to suit your pocket and your needs.

5. Not Having The Right Protection Clauses Inserted In The Contract Of Sale

Do not sign anything until you are sure that your interests are safeguarded. Don't be fooled by agents who give assurance of clause changes in the future or an extension later. It does not work that way for buying an Apartments In Goregaon West.

The only way to change your contract once signed is to end the current contract and sign a new negotiated one. However, the seller may not agree with all your requests. So make sure you have the contract verified by a legal expert before you sign it.

Having discussed it all, we assure you that markets are improving in buying your dream home. Always remember that selecting the correct property is more important than anything else. Don't base your decision of 2 BHK Flat In Goregaon West purely on price. Do a study of the market trends, ROI expected in the area, supporting in frastructure available. This analysis will be your guiding force for making informed decisions.

Happy Buying!