What should you look out for when purchasing your first home | Goel Ganga Group Owner

What should you look out for when purchasing your first home | Goel Ganga Group Owner

The home-buying process has changed dramatically for the better.

The real estate industry is now better organised, transparent, and regulated. The experience of purchasing a home is drastically different from what our parents must have gone through. As a result, if you’re trying to buy your first property, you’ll have less concern. Here’s a quick checklist of items to think about when buying a home.

1. Know what you want: First, decide whether you want to use your property for investment or personal use. When purchasing a home, it is a good idea to assess your future demands and then choose a configuration that meets those goals. Make sure the place you chose has adequate connectivity and a welldeveloped infrastructure, including schools, banks, hospitals, shopping malls, and commercial spaces. You can then proceed with cost estimating for the property in the location of your choosing once you’ve considered these elements, says Goel Ganga Group owner , Atul Goel.

2. Plan your budget: Once you’ve determined the cost of the home you want to buy, you’ll need to start making plans for your budget. Consult a financial institution to determine your loan eligibility, which is often 8 0 - 9 0 percent of the home’s cost. You’ll need to save aside the rest of the money for a down payment.

3. Choosing between projects that are still under construction and those that are ready to move into: You can choose between an under construction project and a ready-to-move-in house, depending on your budget and objectives. If you are willing to wait a few months or a year to take ownership of a home, you should choose an underconstruction property. The advantage is that you will have a larger number of units to choose from, as well as some cost savings.

If you are intending to buy a property for the first time or are still renting, the managing director of Goel Ganga Group, Atul Goel Ganga recommends investing in an underconstruction project.

If you are renting, it will spare you the trouble of having to pay both rent and EMI. Though a ready-to-move-in project may be slightly more expensive, the benefit is that you can view the unit you want to buy, be confident in the quality, and confirm that all that was promised is achieved. Whatever you choose, make sure to check the project’s RERA registration and choose a reputable developer like Atul Goel Pune.

Pay attention to amenities that interest you: Today’s real estate projects provide a wide range of amenities aimed at people of all ages, from kids to older citizens.

While a project with all amenities provides a healthy living environment, it comes at a cost when purchasing and subsequently maintaining it. This is a cost you should think about and make decisions accordingly.

Atul Goel Ganga Pune is making homebuyers’ dreams come true by producing exceptional residential buildings.

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