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The task of buying a home is not an easy one. It takes a considerable amount of research about the property, area, and documents before paying the token amount. A home is where we wish to spend a significant part of our lives. So, we have to go to great lengths to ensure there will be no trouble for us or our future generations that will live in the house. It is, thus, crucial that we take all possible measures to ensure we make the right choice.
Take a cue from some of the most common mistakes newbie homebuyers make when buying a new home:
- Not Checking the Builder’s Background
A large share of the credibility of your investment lies in the builder. A well-known builder that has a good track record will go the extra mile to procure all permits and documents needed to construct and offer apartments. Also, excellent customer service will ensure all your questions are answered. So, look up the company’s website and social media pages, whether it has an ISO 9001:2008 certification, and the financials of the builder that would prove the group’s professionalism and stability in business.
When we asked a resident of HM Indigo how they carried out their due research about our group, here is what he had to say: “I was aware of HM’s steady growth, its RERA approval, and financial credibility. As it was one of my first choices, I looked up their website as well as spoke to a few of the residents about their experience staying at HM. All the residents I spoke to were all praises about the spaciousness of homes, the impressive finishing, services provided, and round-the-clock support.” says Shashank Kumar, an IT professional in a leading Consultancy.
- Not Evaluating the Value of the Property
The way to evaluate a real estate property is to ensure it will have a good resale value in the future. In-house amenities, civic facilities in the area, the spaciousness of the home, are some of the things to look at while buying a home. Having a good rent income can help you earn more rent from the house, which can partially take care of your home loan. HM Homes are such homes that are located at the prime locations of Bangalore which will help you stay happily and peacefully if you are staying or they also give higher resale value and rental income if are investing and renting out.
- Overlooking Property Details
Before you lock in the apartment, you need to enquire and confirm all property details such as carpet area to saleable area, car parking allotment, electrical and plumbing line, and additional costs such as maintenance costs, legal charges, taxes, etc. We, at HM, educate all our prospective customers transparently on all these aspects while interacting, which is the biggest USP and is why most of prospects appreciate our approach and eventually become our customers.
- Not Seeking Expert Advice
Most homebuyers do not seek expert advice before buying a home. This leads to some of them getting worried when they face issues they did not see coming. It is, thus, advisable to refer some of the documents to a property advisor who will advise you against falling for fraudulent offers or properties attached to legal issues.
- Overestimating Your Financial Capability
Lastly, a very common mistake made by home buyers is underestimating the cost of owning an apartment. Most buyers consider only the EMI but it is important to calculate the booking amount, registration cost, interior costs, and monthly maintenance costs.
HM is a highly trusted builder in Bangalore with several large-scale residential and commercial projects in its portfolio. If you are looking for a spacious home to move into or buy as an investment, choose HM. We would be delighted to assist you in the home buying process right from finding a comfortable home to handing over the keys to you.
Call us on 8880025555 today!