Home Buying Advice for the Newlyweds

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Home Buying Advice for the Newlyweds
?May 31, 2017 ?Real Estate ?Home Buying Advice
for the Newlyweds Srishti Chandola
?
With the wedding season on, the newlyweds would
definitely thing about buying a home for
themselves. Of course, real estate investment is
the said to be one of the biggest decisions that
any married couple will face. There could be some
confusion and hesitation with respect to how and
where to invest. Dont worry, every couple go
through this. In the present years, both the
partners have begun to have an equal role in
investing and planning about it. The dual
incomes in modern households have made woman
alike contributor to investment in terms of both
zeroing in on the property and then making the
financial decision. Here is a checklist that one
needs to prepare for the task Prioritize You
and your spouse should be clear on your thoughts
about what you exactly want in a home. You both
might have varied perceptions of what you will
like, ensure that you both are eventually on the
same page. Come together to agree on the
facilities, amenities, the space and whether you
are looking for a short term or a long-term
investment. Clarity on these things will help
you to focus the search on the properties that
are suitable.
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Research Begin with the personal connections,
relatives, friends, parents, etc. to clearly
understand your options. The internet, of
course, is a great resource- a developers
website provides all the details about the
project along with its visuals. With the help of
your research, pare down a list of some options
based on price, location, amenities, developers,
etc. Properly organize your finances The
couple should completely understand their present
and projected financial state to have a budget
for their home. Many couples do opt for the EMI
route, still one needs to understand what
exactly is the loan and its terms that are
available. Plan for home expenses After
purchasing a property, you might need to
refurbish or renovate the interiors before moving
in the house. Also, all the properties come will
a monthly outgoing cost that must be added to
your financial plan for the future. Choose a
reputed builder It makes sense to go for a
reputed builder who has a good history of the
quality development properties, given that one
is investing a huge chunk of their finances.
Also, this will help in the future in case one
would like to sell the investment.
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Think about future Every home that one buys is,
of course, an investment. Ensure that the
investment that you are considering gives great
resale value in the future. Your choice of the
home should be on the basis of future
contingencies. You should have answers to
questions like- will your parents stay with?
What about the kids? These certainly are
important questions that you should plan in
advance for. These suggestions will definitely
help you in clearing up your complexities of
investing in your first home and making memories
together.
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