Buying a home and owning a house is the big desire for each and everyone in our society. Some of us feel, “ it brings a great reputation for owning a house “ but it’s not just a product to buy like any other purchase.

Take a buying decision by checking the reviews on the internet and use it for a few months and throw it away and buy another one.

Buying a home is the one time decision in your lifetime and you will travel with this building until you will die. So it’s a lot of process to follow before making the buying decision.
Are you in this situation? Who is searching for the right property to buy that fulfills your expectations and satisfies your lifestyle? This article is for the person like you who is trying to find the best guidelines to follow in the home buying process.

I discussed below the complete guide for you, don’t skip any piece of content that makes it messy and scroll slowly for best observation. To make the right decision in the process at any situation read this carefully.

Let’s move on.

1.Define your Needs within your Budget :

Before searching for the properties, understand your budget and how much money you have in your hand to buy. Determine your needs from your wants in the search of properties which have a worth within your budget.

Make a list of your needs and wants that makes you understand important aspects of your lifestyle to clarify your budget to make the right decision towards your goal.

For example, I give a rough list of Needs Vs Wants below:


Needs
1 Hall
2 Bedrooms
1 Kitchen
2 Bathrooms


Wants
Hall with home theater
Swimming pool in front of home
Bedrooms with multiple wardrobe
Bathroom with steam bath

This rough list makes sense to understand your needs clearly.
Amplify your needs to fit for your family members and fill their satisfactions.

2.Research and Identify your right property :

Today the internet and technology consistently dominates the Real estate industry. In 2022 the 51% of home buyers bought their home by searching on the internet.

The number of property listings on the internet decides what property to buy. More than 90% of the people use the internet to search for a home to buy. In a huge number of listings, finding your right property is a very challenging one.

If you are landing at the properties listing pages make sure to notice the important factors:

Identify the right location of the property that helps you to make a field visit and know about nearby facilities like transportation, markets, educational institutions like this.

Try to understand the people’s culture and lifestyle, neighborhood’s safety and atmosphere

Property type and size, check the property’s size, number of halls, kitchens, bedrooms and bathrooms and what are the amenities you can get if you have to buy it to meet your needs.

The Price of the property makes sure that it should be within the current market price and your budget and fulfill the needs of your family.

Research the possibilities of future developments of the location which makes more informed investment decisions.

Making sure listings have videos and images of the properties with high resolution makes you understand the facilities and conditions of the property.

Are you overwhelmed with these listings, if you feel it consumes more time to find a right property for you and then finding the right Real estate agent is the best choice for you.

If you are ready to spend the some percentage of amount as a brokerage commission then approaching the person who has a lot of knowledge about landing in the right home and tactics to follow in the process of purchasing the properties will help to find the best home for you which is the correct fit for your needs is the best decision.


3.Make a Property Visit and Inspection :

After finding the Property and home in the internet listings or by an agent which has a possibility to meet your needs within your budget, Spend a time to make a visit to Property and Inspection which brings a real time experience of the home and atmosphere, you will receive in future after purchase.

Before inspecting the home, keep note in hand and make notes about conditions that you observe from your inspections that will help you to summarize the features and condition of the property and make strong decisions in purchase.

Examine each and every part of the home, understand the condition of the foundation, walls, ceilings, roof of creaks, structural issues and signs of water damage.

Check the condition of all attached furniture like windows and doors and open, close functionality identify any issues in the functionality and installation and note it down.

Cross check the plumbing and electrical system of the property by Run faucets, flush toilets, and check for leaks or water pressure issues. Inspect under sinks and around water heaters for any signs of leaks.

Test light switches, outlets, and appliances. Look for exposed wires, outdated wiring, or any electrical hazards.

Inspect the exterior walls, siding, and paint for signs of wear and damage. Check the condition of decks, balconies, and patios. Examine the yard for proper drainage and landscaping maintenance. Poor drainage can lead to water-related issues.

If you are not familiar with property inspection, Approach a Professional property inspector who brings their expertise and can provide a deep inspection report of your future home and assist in making a strong purchase decision.

4.Understand Contracts and Legalities:

After inspecting your property and if it fulfills your expectation, and your family needs and if you feel it is the right fit for you and your family then we have to forward the important stage of the property's purchase process.

Before making the purchase decision, confirm the existence and validity of the property title, check it must be free from any mortgages and previous unpaid dues make research all documents should be a minimum period of 12 years up to for 30 years.

Cross checking all legal documents of seller's title’s documents, seller valid documents like PAN Card, Aadhar card. If the seller is an organization, check the company's registration documents and TAN number.

Check the layout plan of the property and it must be approved by all bodies of the government like Municipal authorities, statutory and regulatory authorities.
5. Understand your Eligibility for Loan options:

If you need financial assistance to buy your dream home, approaching the right banks which provide excellent financial assistance is the best choice in India. In the current economy purchasing the home in one time full payment is very challenging for every middle class person in India.

The rise of real estate in India even increasing the home loan needs but approaching the right bank with your eligibility criteria that meets the bank's instructions is the very challenging one.

Here i mentioned the most famous loan options in India for your reference you can approach for finance assistance to buy your dream home.

Basic Home Loan
Home Construction Loan
Home Extension / Improvement Loan.
Home loan balance Transfer

Before applying for the loan determine your eligibility criteria to meet the bank's loans approved criteria.



6. Transform a house into your Dream home:

After purchasing your own property, it’s a time to celebrate your ownership of your dream home. This is the point where you take effective efforts from finding the property to get ownership.

Then this is the time, you can transform the house into your dream home:

By following below steps you can turn your house into home:

Implementing your unique style and preference colors in each and every room of your home.

Create a space of comfort which brings satisfaction to yourself. Optimize your space with comfortable furniture which elongates beauty of your home

Build a memorable space which makes you feel happy while crossing at any time with your family and friends photos and gifts that you received on some special days from a special person in your life.

Transform your home to reflect your tradition and rituals to build the sense of togetherness by your favorite god’s photos and statues.
Replace your free spaces with small green plants that can keep your mind fresh at all times and provide positive vibes for every one in your home.

Choose the right Property developers:

Choosing the right property developers to buy your dream home is an important aspect in your investment journey. Find the developers who are working for you to achieve your goals of owning properties.