To buy or not to buy flat in Rajarhat? Is this the present mental state you are going through?
And why? Because of the sheer ‘overload’ of information on what to do & which aspects to stay away from while buying an apartment?
Listen. It is not necessary that whatever idea or information is prevailing in the market with regards to property buying is practically useful.
How to determine what is useful?
It’s easy with
5 Home Buying Myths Busted By Experts
Eager to access the truth? Let’s begin:
#Myth1: You Have Missed The Right Time
A reaction you are bound to get whenever announcing own property buying decision amidst friends, relatives, or office colleagues.
“Why not plan 6 months before?” “You will now unnecessarily pay extra because you missed the golden period.” “Could have given me a call earlier”….all such comments are bound to leap up.
It’s true that given certain central & regional government initiatives & banking sector’s announcements, 2021 is a fit year to buy flats in Rajarhat.
But, even if you are not prepared this year, that doesn’t mean you have given the ‘Right Time’ a miss.
Because, for an individual planning to purchase a house, the ‘Golden’ time is the one when he/she is prepared to take a bank loan following all protocols & can undergo the EMI responsibility – while maintaining all monthly expenses.
So to fulfill the dream of own home, it’s better to focus on that preparation in place of hearing comments as highlighted above.
Only one tip-
» If you have plans of relocation in the coming 2-3 years, do not approach the endeavor of apartment buying before that. Home sweet home is bound to become a burden then.
#Myth 2: 20% Down Payment Is Mandatory
Not in reality. Because if you can pre-qualify for a home loan with a good credit score, you automatically gain the leverage to bargain with the lending body or bank:
♦About the rate of interest,
♦ Decision over which, in turn, decides how much down payment is practically required.
Thereby, instead of taking the pressure of how to arrange the down payment sum, take endeavors to build a good credit score as is required for home buying in India.
#Myth 3: Like The House, You Can Adjust With The Neighborhood or Location
One amongst the most common myths in buying home in India.
“Wherever is your home, it’s paradise” – in today’s changed lifestyle, this saying does not stand as totally correct.
Reason? Every family member needs to go to work each day & the children or elderly members require to stay alone at the house or flat.
So aspects of transport convenience, safety, trusting the neighbors do come up as crucial points.
And in this context, it turns inherent for you to pick a site that promises quite-much ease of communication & commuting & is reputed (at least not bad-named!) as a residential area.
Now, on how to get such a location brings us to debunking
#Myth 4: Buying From An Established Real Estate Firm Is Not Essential
You wish for a home that will witness your life’s progress & blossoming of relations, right? Then it must be a well-built one to stand natural calamities & offer access to amenities that make your daily life easier & faster.
And yes! In a real-time proper location as we were just discussing above.
Given to all these reasons, you must buy own dream home from a reputed real estate house only.
From guarantee on the quality of construction material to the inclusion of civic facilities, such a firm will serve you all – along with a well-connected & prospective location.
#Myth 5: Take The Maximum Loan Amount…Because You Are Getting Approval
And why this is a futile idea? Well, will an EMI scheme of 50k appear to fit for you? For, you can get approved for 1 crore or more home loans – but the EMI range too will be around or above 50K.
Calculate & bust the myth yourself.
Are these points appearing as your true home buying guide? Then why the wait to buy own Rajarhat flat?
Drop Team Realtech a call at a time suiting you only.
