Securing a home is no joke. It will be one of the most important decisions you will be taking. If you plan to buy a home, you will make the biggest financial commitment of your life. There’s no harm in doing your research well so that you can grab the best deal. Time, place, offers, and many factors will be involved in ensuring that the time is ideal for you to buy a property.
Today, this blog will give you insights to judge which parameters should indicate that you can buy a house.
When you are certain about your CIBIL score
Your CIBIL score is a three-digit-long numerical figure which is an indicator of your loan repayment capability. In case you will require a home loan, your CIBIL score is the first thing that the lender that has received your application will look into. It is, in fact, one of those main things that will decide your home loan eligibility. Before you apply for a home loan, you must definitely check whether your CIBIL score is equal to or above 750. If your CIBIL score is under that, chances are that you may still get a home loan, but you may get a lower amount and at a higher interest rate. There is also a chance that an inadequate CIBIL score may even cause the rejection of your home loan application. Hence, it is very important for you to check your CIBIL score beforehand to get an idea regarding your chances of a home loan approval.
When you are prepared for EMIs
Home is not just one dream a person has. There are many responsibilities a family has and a major chunk of income going into this would not be an ideal situation for most. Hence, before you take a home loan with a bank, research where you can get a loan at the lowest interest rate. In case you have some savings especially kept aside to secure a home, make a larger down payment in one go. This will reduce your EMI further and proportionately your loan amount. If they are not budgeted for well, they can very well disturb your monthly budget. Hence, you must ensure that you are able to save enough money every month to pay off those housing loan EMIs.
When you have done your research:
Buying a property is possibly one of the most significant financial investments in one’s life. The purchase of property involves a substantial amount of money, but it is also an investment that is more or less permanent and hence irreversible to a large extent. Like any other sector, the real estate market in India has many terminologies and procedures about which you should study. Many industry lingos have slowly been replaced with standardized jargon. Carpet Area, Built-up Area, Super Built-Up Area, Floor Space Index (FSI), Agreement Of Sale, Sale Deed, Occupancy Certificate (OC), and Completion Certificate- These are some simple terms whose understanding will acquaint you with the process of making a more informed decision.
When your documentation is complete
When you wish to secure a home, you will have to submit a large number of documents. Additionally, if any of the information provided in those documents is not accurate, that too can cost you your home loan and perhaps even invite legal consequences. Hence, it is important for you to ensure that you have all the relevant home loan or buying documents at your disposal before you take the steps ahead. Not to mention that you will also need to ensure that all the information provided in those documents are true and accurate to the best of your knowledge.
When you have read the real-estate forecast
Real estate is something which will always increase in terms of prices. Mostly the investment will bring high ROI. Still, you should do your research too, from time to time. If you wish to know about the real estate forecast for 2023, and planning to buy a new home in Vadodara, you can go to our last blog. The Union Budget 2023–24 is remarkable in terms of the real estate sector. The Finance Minister has announced “Green Growth” as one of the priorities of the budget. PMAY allocation of ₹79,000 crore is also a good approach for affordable housing. Increased tax rebates will definitely pump in more liquidity in the markets which will provide more disposable income to the lower end of the income spectrum. It may motivate individuals to purchase homes which would further enhance the growth of the real estate sector.
Since buying a new home is certainly one of the biggest financial decisions of your life, you must not only be extra cautious before finalizing the deal. Whether you are still wondering to know more about the offers, we will be more than happy to assist you. If you are ready to secure your residential or commercial property, make sure you go with a trusted name. From 3 BHK apartments to 4BHK bungalows in Vadodara, we have a range of offerings to cater to your budget and requirements, from which you can choose the one which best fits your needs. While being in the game for over 3 decades, we have hit the bull’s eye in the industry. To know more, visit us or contact us now.
Let’s take a dig at what can be done on our part to be a good neighbour.
Keep a notice of shared walls.
Whether you are listening to your favourite song on Saturday night, or hammering in the last nail to hang your family picture—your neighbours can totally hear you. If you’re in an apartment or semi-detached home or any structure where you and your neighbours share adjacent living spaces, you need to take care of not disturbing your neighbours. Position noisy household appliances such as washing machines and tumble dryers – even TVs and speakers – away from partition walls. If people live on the floor below you, consider putting rubber matting underneath your appliances to deaden or mellow the noise.
Keep a check on garbage bags
Don’t leave garbage out of your door for hours or days in case the collection procedures are slow due to any reason. That will leave a foul sight and smell for our neighbours to deal with. Only put your garbage out on the day it’s due for collection. If you accidentally miss the collection, bring it back onto your property immediately and try to contain it well. Garbage can attract vermin, insects, and other pests, and is also unsightly.
Communicate with your neighbour.
Above all, the human race has to survive and sustain itself while holding hands with each other. You may be busy but ensure to at least wave and smile and share a small chat when you come across any neighbour. Keep them in the loop in case you are planning for a home activity that would affect them in advance. Keep the channels of communication open by reminding them that if you’re doing anything which disturbs them, they should feel comfortable approaching you about it.
Be there for your neighbours
There are many ways to get involved with your neighbours and build a healthy community. Basic humanity can never substitute material things we have to offer. Make sure that you are not just a good neighbour for the sake of it but try to build a harmonious surrounding. Be there when your neighbour falls sick and needs to be driven to a hospital in times of emergency, or needs someone to take care of kids if the situation demands. Small talk takes on new meaning when you value the ordinary parts of people’s lives without feeling like you’ve got to somehow make the conversation. You never know when you will have to be at the receiving end.
Keep notice of aesthetics
A good neighbour maintains the exterior of the home and lawn to the same level as the rest of the neighbourhood. You don’t want your home to be the one on the street that makes the vicinity look shabby. Remove mold from the exterior walls and paint when necessary. Make sure that trees, shrubs, and other elements don’t creep into your neighbour’s yard.
Don’t forget to invite your neighbours
You might be a party person and must have ample friends to invite to each gathering. But remember that it’s essential that at least once in a blue moon you do invite your neighbours too. This will make them feel welcome in your life. Moreover, an occasional late-night blast might be forgiven, but all-night parties every single weekend can make you a rude neighbour. If a neighbour calls or comes over and asks you to pipe down, be friendly and apologize. Then quiet down. Be respectful of your neighbours when you throw a party. Ask your guests to park in the driveway or in front of your home. Make sure they don’t block someone else’s driveway or use another resident’s designated spot in an apartment complex lot.
A society is just not built with solid infrastructure but with human connections as well. Homes become home when they are instilled with a feeling of oneness. Neighbours can be your extended family if all parties have each other’s back when needed. Kamlesh Gandhi Projects promotes healthy co-existence and hence builds all their projects where people enjoy privacy, there are no sorts of disturbances but there are a lot of chances to come together to celebrate and share. We make common play areas, gyms and community halls, and time and again host events where all residents of the scheme come together to cherish festivals together. If you too wish to be amidst such a positive environment where traditions of India, unity, and love still thrive, book a visit now at KGP! Our 3 BHK apartments and 4BHK bungalows in Vadodara are some of the best we are offering right now.