There are several mistakes one can make when they set out to buy a new home. However, we are pointing out the top ten mistakes one can avoid when embarking on buying a new home.
1. NOT CHOOSING A TRUSTED BUILDER
When you buy a house from a trusted, well-reputed builder you can be assured of the built quality and proper approvals for plans, clear land titles among others, and other approvals like banks, etc. Another advantage of buying a home from a trusted builder includes the timely delivery of the project. Therefore not choosing a reputed builder can save you some money but the hassles that come with it are far greater in comparison.
2. NOT SEEKING ADVICE FROM A PROFESSIONAL
No matter how much research you do on your own before buying a new home. It is however always advisable to seek advice from experienced professionals in the real estate industry to ensure your home-buying process is smooth and hassle-free.
3. OVEREXTENDING ONE’S BUDGET
Once you like a particular project, you may want to invest in it even though it lies in a higher range than your current budget. However, to do so may cause a financial burden and cause disturbance in your family.
4. CHOOSING A HOME NOT DESIGNED FOR THE PURPOSE
Sometimes it is natural to get excited about a particular project without considering the demands of your family and other financial concerns. This may make you stumble upon significant problems down the line.
5. BAD BUDGETING
This is a classic problem that most home buyers face. It is surprising how much more a project may cause you beyond just the cost projected by the builder. There are hidden expenses that one needs to consider like registration fees, taxes, interior design charges, moving expenses, maintenance charges, etc. Your home needs customization, and realistic budgeting is the cornerstone of successfully finding the right home.
6. AVOID A RESALE APARTMENT
A lot of home buyers look for resale houses. However, the cost of repairs and upkeep charges are much higher in resale apartments. So one can avoid resale homes and select for ready to move in homes by reputed builders.
7. GETTING EMOTIONALLY ATTACHED TO A PROPERTY
It is very natural to get emotionally attached to a particular property before buying your dream home. However, it is advisable to consider all practical details before buying your dream home. Therefore it is advisable to stay level-headed and be cognizant of the fact that buying a home is a serious commitment and one has to live with it for years to come.
8. POOR SPACE PLANNING AND DESIGN
It is also advisable to not go into buying homes that are not properly designed. The layout of your home matters a lot. It is vital to think about optimal space utilization. There is usually a lot of planning that you need to put into initially before buying an apartment, and significant space planning is just one of them.
9. NOT BEARING IN MIND UNFORESEEN DELAYS AND EXPENSES
Most home buyers are in a rush when they are zeroing in on the property that they are willing to buy. And no matter how much ever you plan, there will be unforeseen expenses that are bound to happen.
10. NOT CONSIDERING THE LIFESTYLE AND FUTURE FAMILY NEEDS
Finding a well-suited home is a difficult process. But one has to keep in mind one’s family’s future needs. Therefore it is important to find yourself a home that adheres to the needs of your and your family’s rapidly changing lifestyle.
