"Oh, I have never been into property buying, what am I supposed to do?"
"Are you the first time buyer? Beware of so and so"
"Is it your first purchase or you have other properties too?"
There can be lots of questions and suggestions coming to you invited as well as uninvited no sooner you utter the word 'property buying'. And, these expressions and exclamations are going to come with fuller force when the tag of 'first timer' is attached to your buyer profile. Unlike dealing in other matters, the ones having property at the center need more awareness, better knowledge and safe approach. How safe you can be? Can you just leave everything aside in the name of stars? Or do you require full on help to make yourself fully acquainted with the idea of buying property without inviting any troubles? These questions do indicate that property buying is not a thing of pure luck and there is certainly an element of knowledge based efforts attached to the idea.
The first experience need not be full of lessons, not especially in case of property buying. Dealing in property requires you to be less experimental and more factual in terms of your knowledge base. After all, what you are going for is an investment avenue that is about to demand all your savings or a major portion if it! So, there has to be some sure-fire way to ascertain that what you are doing for property buying is a perfect recipe and not a half-baked process plan. Here is how you can make your first property purchase the best purchase.
a.Read all about the basic terms: You can fine tune your arsenal with the repertoire of common terms you are going to come across on your way to the perfect property the very first time. Read, read and read, and also observe how these terms are being used by dealers. Carrying a blank face is worse than carrying the curious one. And so, when you get acquainted with all basic real estate terms, your voice carries the confidence it ought to hold. Your presentation as a knowledgeable buyer makes sellers aware that they need to be more prepared and practiced and should only be investing time in proposing properties that are good, safe and full of appreciable return.
b.Know your property requirements: You need to have clear idea of aesthetic features, essentialities and support elements that a property is constituted of. While zeroing in on the perfect property, you must be aware of sewage systems, foundation methods, ventilation needs, electricity access points and other features that can assure a house perfect in design as well as functionality. There are residential colonies for every budget, for every lifestyle and for all types of property seekers. Knowing what kind of property you want, at what place and how you plan to use it in future are some of the essential features that need your attention when you plan to buy your property for the first time.
c.Get knowledge of legal obligations: A property comes with loads of legal guidelines, each need to be followed to perfection to avoid any hassles anytime in the future. There is no u-turn when it comes to inking the deal, and if at all there is, it just means loss of money and time. Making efforts is important but what is more important is that you invest your efforts in the avenues that are truly worthy. Going for a property that is more of a scandal than a solution is certainly not the right decision. So, find all about the legalities associated with conversion, purpose of land use, etc to ascertain that your property comes with lot of goodwill.
d.Loan formalities: You do require loan and sometimes, you buy a property actually to avail loan so that you can cash the tax benefits associated with the process. So, faster methods of loan approval can be one of the topics you need to work upon to make property buying the first time a seamless process. Awareness about the list of documents required, loan amount eligibility, paperwork associated, registration and allotment procedures etc are some topics that are intertwined with each other and you need to master all the points to get loan easily and exactly at the time when you need it.
e.Architectural technicalities: A user-friendly planning can deliver more awareness when it is designed from a layman's perspective. Small elements like windows in the rooms, too, have their own significance and you need assessing all other such features to find how your property excels in architectural intelligence. A perfect property standing out in terms of functionality, aesthetics and purpose is something you need to learn about to ensure that your property features and your expectations align each other convincingly.
The first time can be the last time too. In most cases, it is a legacy that is changing hands between generations. If you are belonging to that protective lot of dwellers who think of futuristic way of living and want your property to be relevant for years to follow, you need a Property Education and Training Initiative support that spells the way you should go for property buying the first time and make this time your perfect one.
