A Beginners Guide to Investing in Realestate

Investing in real estate has numerous benefits. Owning a home not only enhances your financial
conditions but imparts a sense of security. Property investment is a big decision to take and requires
careful consideration before zeroing down on your dream home. However, there are many vital
aspects to keep in mind before investing in a property. If you are a first time home buyer and are
confused about investing in a property, here are some crucial tips to help you make responsible
Calculate your expenses
Firstly, you are going to make a massive investment. Hence, it is vital to be aware of the amount
required for buying your home. You should make a call on taking a home loan or investing by
yourself before looking out for a property. In case you decide to take a home loan, research about
the banks that offer home loans at lower interest rates. There are also other factors to keep in mind
before opting for a home loan like tax benefits, credit score, closure tenure, etc. If you are looking to
invest in your home entirely by yourself, then, plan your expenses accordingly. Ensure that you are
in a safe financial position, be it opting for a home loan or bearing the costs yourself. 
Location matters
The most important criteria to consider before a property investment is the location of your house.
Location is also a significant factor that determines the price of your apartment. Moreover, if you are
looking to move near your workplace or your baby’s school, try to explore the areas around your
office or school. In case your home is far from your workplace, you should be aware of your
commuting plans. Also, check if the location has access to public transport like bus stop, metro and
railway stations. It is also crucial to note the facilities offered by the area like supermarket,
restaurants and hospitals.  
Facilities offered
There are different types of houses, like the flat system, community living, and independent homes.
Each kind of house comes with its pros and cons. The primary requirements for any house are
constant water availability, electricity and parking space if you have a vehicle. Additionally, gated
communities offer amenities like gym, swimming pool, walking track, internal park and security.
Sometimes, community apartments also have a supermarket, ATM booth and an efficient
association to take care of the welfare of occupants. While living in an independent house may not
offer amenities like a gated community, it is a whole new experience in itself. You can have your
garden, play with your pets in the backyard and much more freedom than living in an apartment.
The choice is subjective and depends on your liking. 
The reputation of the builder
With an increasing number of real estate developers, it is vital to choose a reputed builder. It is
better to check on the builder by analysing their previous projects and talking to owners of those
houses. Also, it is crucial to check online for reviews, likes and forum discussions. You can also visit
the company’s website to explore their work. This way, you can scrutinize the reliability of the

Prepare your documents
Once you have fixed on your desired home, it is vital to prepare your documents for buying a house.
Ensure you have a checklist of all the documents required for the registration process to move
smoothly. Firstly, draft a sale agreement that contains all the information regarding the property
listing the terms and conditions, payment mode, about common areas and any other specifications.
If you are opting for a home loan, make sure the allotment letter is in place. It is the letter issued by
the housing authority describing the property, payment, and other details. Remember to collect the
payment receipts, property tax receipts and encumbrance letter. Encumbrance letter indicates that
there aren’t any pending dues and is one document that banks require for sanctioning your home
Power of attorney is mandatory to confirm the credibility of the purchase and sale of the property.
POA is accountable for the person they represent. Ensure to check with your builder for the no-
objection certification, which establishes that the property was built according to the specific rules
and is issued by the different housing authorities.
With a plethora of real estate firms offering apartments, it is high time for you to research on the
critical factors before concluding. Now that you are aware of all the important tips for property
investment, you are all set to make an informed decision. What are you waiting for? Head out to
BSCPL to invest in your dream home.

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