There are quite a few reasons why younger professionals are planning to buy their own house or flats but one of the major reasons behind that is, it is a kind of proper investment which they are ready to do in an early age. These days, getting loans against proper working salaries are also easy as well and so one can think of taking the plunge.
When looking for 2 BHK in Wagle Estate or at any location, one must think about a few things before making the final decision and do all the investments. Here are some major things that one should know and be prepared about before they go for the flat.
- First of all, one has to plan their finances. Though it may sound a bit clichéd but it is actually a necessary thing to see. When young professionals are planning for new homes then it can be possible that they have not planned for proper finances from before. Many times, they have some education loan or car loan and even before clearing them totally they start planning to get a home loan. It can then become quite difficult to pay all the debts. So, before taking any sort of home loans one should be sure that they do not have any other major debts to pay off and at the same time has a constant source of income. It is better to have proper savings as well so that the EMI’s can be paid comfortably.
- When one is buying a flat where they want to settle down, they must do a proper research about the location when choosing a flat. Choosing a comfortable location means it should be close to all the public transport stops, should be near to a super market and have proper shops and medical shops around. When living in a city, comfortable living means one should avail all the necessary things from nearby areas. Also, a good location means if one wants to resale the flat any time then they can get a good value if they are in a suitable and good location.
- Before buying a flat, one must check the builder’s credibility. There have been quite a few instances regarding the collapse of a building after it was built properly. So, in order to ensure the safety one needs to have a thorough research regarding the builders and also the land on which it has been built. One can also check whether the land and the builder as full or even partial government affiliation.
- Checking of documentation is also quite important when buying a flat. The papers that are related to the land and the flat must be checked well and it is absolutely necessary in terms of loans or if one wants to sort any issues that are associated with the land. After the initial payment one should also ask for the allotment letter and get surety about it.
While looking for 2 BHK in Thane West, one must also check other things like the floor plans and the amenities present in the flat.
