you’ve decided to buy your first home! Don’t worry, the jitters
and the nervousness are quite natural. All the legalities and related
parties like banks, agents and possible risks can be a bit
overwhelming. But worry not, with some homework and caution, you can
turn your first home into a risk-free investment!
100% sure before making a promise
making any commitments, to the builder or the bank, make sure you do
Make sure you’ve got
money to cover 20% of the home price. You’ll need it.
Get your loan
pre-approved by the bank. It’ll give you a better clarity of your
If you’re a
serviceman/servicewoman, it is important that you analyse your job
situation. It’s going to be a primary source of income for the
repayment. So make sure you’re in it for the long-run. If not, find
the right option.
high credit score
is important that you have a good credit history. The chances of you
getting a loan will be more favourable when you have a good credit
It’ll also help in
getting a longer repayment period.
To check your credit
score, visit www.cibil.com
Health Insurance and Income Protection
health insurance or income protection helps! An income protection
policy will provide financial aid if you’re unable to work due to
illness or accident.
the right location
Select a home that’s
near reputed schools, colleges, hospitals and other public amenities.
This ensures that you get a comfortable lifestyle.
Having a home in an
excellent location also fetches you significant returns on investment
in the form of good appreciation.
is a beautiful feeling, and you must experience it! Do your research,
pick the right location, pick the right builder and the perfect
development for you. Take a look at this one:
Greens – a luxurious project with spacious 3 and 4 BHK flats in Mulund west. It’s equipped with modern
amenities and superior specs.