Property Buying Guide – What You Need to Know

Thinking about buying a home? You don’t have to feel lost. This guide walks you through the whole process in plain language, so you can move forward with confidence.

Step‑by‑Step Buying Process

First, check your finances. List your income, savings, and any existing debt. Use an online calculator to see how much loan you could afford. Most banks ask for a 20% down payment, so set that as your target.

Next, decide where you want to live. Look at schools, hospitals, commute times, and future development plans. In Shriram Chirping Woods, for example, you get green space and easy city access, which adds value.

Start searching for listings. Use trusted portals, local agents, and word‑of‑mouth referrals. When you find a property, schedule a visit. Walk around the neighbourhood, check the building’s condition, and ask about maintenance fees.

Once you like a unit, get a copy of the sale agreement. Verify the builder’s approvals, land title, and any pending litigations. If something feels off, hire a lawyer to review the documents.

Now it’s time to negotiate. Ask for a price reduction or extra amenities if the market is soft. Know the recent sale prices of similar units – that gives you leverage.When the price is settled, apply for a home loan. Compare interest rates, processing fees, and pre‑payment penalties across banks. Choose the loan that matches your repayment capacity.

After loan approval, the seller will prepare the final sale deed. Both parties sign it in front of a notary, and you pay the remaining amount. The property is then registered in your name at the local sub‑registrar office.

Finally, move in and set up utilities. Keep all receipts, loan statements, and registration docs safe – you’ll need them for future resale or tax purposes.

Common Mistakes to Avoid

Don’t skip the inspection. Small cracks or damp walls can become big problems later. Also, avoid borrowing more than you can comfortably repay; high EMIs can strain your budget.

Beware of offers that sound too good to be true, especially from unknown developers. Always verify the builder’s track record and ask for references from current residents.

Lastly, don’t ignore hidden costs. Stamp duty, registration fees, and moving expenses can add up. Budget for these items early to avoid surprises.

Buying a home is a big step, but with the right plan you can make it smooth. Use this checklist, stay organized, and you’ll be enjoying your new place before you know it.