10 Home Buying Tips for Property in Navi Mumbai


Posted August 7, 2018 by siddhivinayakhomes

Buying a property is the dream of many, and Navi Mumbai is one of the fast-developing areas that have a multitude of real estate developers offering projects with world-class amenities.

 
Buying a property is the dream of many, and Navi Mumbai is one of the fast-developing areas that have a multitude of real estate developers offering projects with world-class amenities. If you are first time home buyer or a new buyer investing in Navi Mumbai, here are some tips.

Tip No#1:

Decide the investment limit: When investing in a property in Navi Mumbai, the buyer should first set a budget for the property and also save for the deposit that is needed for the down payment apart from the home loan. Before zeroing in on the sale, the buyer should also evaluate their prior financial obligations like personal loan, student loan and the amount they can pay as Equated Monthly Instalments (EMI) apart from their monthly budget of expenses.

Tip No#2

The buyer should assess their future needs and goals of their investment. They should decide whether investing in projects in Navi Mumbai is justified for personal needs or is it for capital appreciation.

Tip No#3:

Improve your CIBIL score before applying for a home loan with bankers. A better CIBIL score can even guarantee a higher loan amount than the one you originally applied.

Tip No#4:

When looking for loans, the buyer should shop around and check the offers of different bankers, their interest rates, and other add-ons. Compare the offers and pick the best one. Some real estate developers in Navi Mumbai also tie-up with leading bankers to get better rates and loans for their customers.

Tip No#5:

The buyer should research the locations before investing in the project. They should check whether the all the basic amenities and facilities are available and if the area is also well secured.

Tip No#6:

The buyer should also research the credibility of the buyer. There are many builders in Navi Mumbai who have a good credibility record in handing over the completed projects with the promised features and amenities.

Tip No#7:

After zeroing in on the purchase of the project, the buyer should negotiate the rates with the builder to get better rates for the property in Navi Mumbai. As the real estate is in rapid development in Navi Mumbai, many builders can offer promotional offers to sell their residential units.

Tip No#8:

The buyer should verify all the legal documents pertaining to the purchase of the residential unit. The share certificate, sale agreement, society documents, sanction plans, encumbrance certificate alshould be in proper format and updated with accurate details.

Tip No#9:

The buyer should also check the security arrangements of the apartments. Repeated checks will help the buyer to know the lax in the security arrangements and point out to the builder to tighten them.

Tip No#10:

Last but not least, the buyer should always purchase the property that is within their financial limits. Purchasing a higher value property will push the buyer into a pool of debt. Checking the current financial needs and then evaluating for the purchase is a better option.

These are some of the tips that a home buyer should keep in mind before taking in the big leap. Buying a home is a big part of individual life, and the buyer should take prudent decisions when investing.


Source: http://siddhivinayakhomes.co.in/10-home-buying-tips-property-navi-mumbai/
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Issued By Siddhivinayak Homes
Website http://siddhivinayakhomes.co.in/
Country India
Categories Blogging
Tags builders in navi mumbai , flats in kharghar , flats in ulwe , projects in kharghar , projects in navi mumbai , property in navi mumbai , property in taloja , taloja projects
Last Updated August 7, 2018