Often people end up rushing into home ownership without carefully studying the real estate market and how it works. Finding the right apartment takes some serious effort. It is a long-term commitment which should not result from a hasty decision. There are plenty of excellent residential township projects in Bangalore offering elegantly-designed apartments. If you are keen on purchasing flats in Bangalore, you may want to consider Tata New Haven.
The article lists down 7 tips that you may follow when you begin looking for an apartment:
- Define Your Budget:
It is very easy to overspend if you find your dream apartment without knowing your financial health or what you can afford. Thus, it is important that before you even begin the house hunting phase, you chalk down your financials and have a clear idea of how much you can spend on the house.
- Select the Best Properties:
Once you are sure about the location, start narrowing down the properties that you like and are also within your budget. The majority of your apartment search can be on the internet from the comfort of your home. You can later pick out the top three or four apartments and schedule an in-person visit to help with the buying decision.
- Be Organised:
When you are looking at multiple apartments at the same time, it can get pretty confusing. Details such as amenities, rental rates, contact information, security deposit amounts, and other such information start getting mixed up in your head. A safe way to avoid this mental mess is to prepare a detailed and neat record of all the properties that interest you in a spreadsheet.
- Look into Public Transportation:
Even if you own a car, it is still worth considering the public transportation facilities available near the apartment you wish to buy. Find out the location of the nearest metro station or bus stand and also the frequency of the public transportation services available. You can have the option to switch from your car to a public bus or train and save money on gas, car insurance, and maintenance charges.
- Enquire About Special Offers:
It is possible that the property dealer may have some special offers or move-in discounts that can benefit you. It is always a good idea to ask and be aware of. For example, if you are renting an apartment, some landlords offer your first month free if you agree to sign a longer contract.
- Find Out the Average Utility Costs:
Before you sign the dotted lines, it is a good practice to know the average utility costs of the property you are considering. You can ask a resident of the township or the local broker about the average monthly bills if they are willing to share the details. This is an expense which can really take off a huge chunk from your salary if you are not paying attention.
- Always negotiate:
Lastly, after you have visited the top three to four apartments of your choice you may want to try and negotiate for a lower final price. If the property dealer knows you have multiple options to fall back on, they may be willing to give you a good deal which is fair for both parties.
Note: Consider following these tips for finding the best real estate investment option for yourself.
Interested to purchase 2 BHK flat in Bangalore like Tata New Haven? You can avail home loans up to Rs. 3.5 crores from Bajaj Finserv Homes & Loans. The home loans are available on easy EMIs.