Tips for first-time Home buyers


Buying your first home is a big turning point in your life!  A milestone which brings with it lots of joy and a lifetime dream come true! Simultaneously it’s a pretty huge investment that needs extreme caution. A multitude of factors need to be considered as investing in real estate is rather tricky. Here’re a few useful tips for first-time home-buyers from the premier real estate portal in Kerala, luxurykeralaflats.com to consider before you purchase your first Kerala apartment.

Type of property

As plenty of Kerala apartments or villas are available in the market as per your budget and circumstances, selecting the home of your dreams can be difficult! There are also many ready-to-occupy luxury apartments in Kerala which are more in demand.  Just ensure that they have proper approvals and certificates.

A good neighbourhood

Before buying Kerala apartments, it is important to check out the neighbourhood for basic amenities like reputed schools and colleges, premium hospitals, supermarkets and dining options. Make sure you have everything needed for a hassle-free living. You can even do your research online for more insight on the best areas to live in.

Implement a financial plan

Before making the leap it’s best to work out a proper financial plan with details of your income, expenses and provision for absorbing the home purchase costs. Going for a home loan is the most convenient way to fulfill your dream. First check out your CIBIL credit score and find out if there are any outstanding loans or credit card bills. 

Choose the type of home loan

There are diverse loan options available, hence make your move wisely. You can either opt for a fixed home loan or a floating home loan for your Kerala apartment. Choose wisely according to your financial plan.

Return on investment

If you are planning to rent out your luxury apartment in Kerala or live in it, calculate the return on investment. As buying a house is a long-term investment, pick your location and type of property wisely. Opt for a good locality which provides guaranteed returns long-term. 

Legal documentation

As per RERA rules & regulations, every new project exceeding an area of 500 square meters needs to be registered with RERA. Scrutinise the license and registration number of the Kerala apartment before investing. Also check if the property has been priced as per the carpet area. A No Objection Certificate (NOC) which certifies that the property has been completed without any violations is also a must-have document.

The credibility of the developer

Before signing the deal it’s good to look into the credibility of your builders. Try to invest in Kerala apartments by a reputed builder known for quality projects with on-time delivery.

Making the right choice will help you enjoy long-term benefits. Hence ensure you do your research well. Visit luxurykeralaflats.com to check out a variety of luxury apartments in Kerala to invest in. We hope these tips for first-time Home buyers have been helpful to you.



Comments

Post a Comment

Popular posts from this blog

Tips to protect your home from leakages

Image
Protect your home from dampness & unpleasant leakages! Ensure the health of your family! The monsoon season brings the welcome rains but along with it comes the leakage & dampness in walls. It can even cause internal damage to the cabinetry and building fixtures leading to costly repairs to the building within a few years of construction. Builders of many flats in Kerala are taking remedial measures to tackle this scenario. Check out some tips to protect your home from leakages from luxurykeralaflats.com prime real estate portal in Kerala. Terrace Do you own a luxury flat in Kochi on the topmost floor of the building? Beware of terrace leaks! The concrete slabs in terraces and roofs have water-absorbing pores. As the roof is exposed to harsh weather conditions, it may leak over time. Using good waterproofing during the construction itself can protect the terrace. Many waterproofing products are readily available in the market to prevent leakages and dampness. Wet areas Bathro...
Read more

How to make your Home Energy Efficient?

Image
Saving energy is a sure-fire way to save money. Sure, you can start it from your home! If you are to take an analysis of your home’s current energy use, you can find out how to make your home energy efficient and lower  your utility bills. Why should you make your home more energy efficient?   You save money as it costs less to power a home which is more energy-efficient. The comfort level indoors is  highly increased & being energy efficient also reduces your impact on climate change. People living in luxury  flats in Kerala are more aware of energy conservation and are looking for the energy star rating when shopping  for new appliances.   Turning off the lights when you leave a room is one way to save energy and make a positive impact on the environment.  Here are some tips from L uxury Kerala Flats as to how to make your home energy efficient  & how you can easily implement  them in your daily life. ...
Read more

Differences between Luxury Apartments and Regular Apartments

Image
The real estate market in Kerala has seen a growing boom of luxury projects. Realtors are optimistic that  the demand for luxury apartments in Kerala will rise in the coming years. Luxury apartments are par excellence  when it comes to comfort, convenience and quality. When you are checking through flats for sale in Kerala if you  have no idea of the difference between regular and luxury apartments, luxurykeralaflats.com has come up with a  comprehensive list of differences between Luxury apartments and Regular apartments. 1. Price Upcoming luxury flats for sale in Kerala offer apartments in the range of Rs.1 to 4 crores depending on the  amenities provided and the location. Annual appreciation of around 4 per cent to 7 per cent and 40 per cent  higher rental compared to regular apartments can be claimed for luxury apartments in Kerala. Regular apartments  remain in high demand due to the lower prices.  2. As an Inv...
Read more