1. Your Budget
The first thing you should pay attention to is your budget. This happens a lot when people don’t know their budget. They check out apartments which turn out to be much beyond the buyer can afford, then the buyer compromises with an apartment they can. Therefore, it is important that you have a budget and stick to it. 2. Rental Rates Let’s say you buy a ready-to-move-in flat in Gurgaon. If you are going to move in there, all’s good. But if you are not, know what the rental rate in the area is. Till the time you won’t be living in the apartment, sublet it to make the EMI easier on your pocket. 3. Resale Value Talk to any financial expert and they will tell you to consider the resale value of the house before making the purchase. The resale value of a house is dependent on many factors, including the location and amenities. The price of property generally increases with time. In case you accidentally buy a good house in an otherwise not-so-nice locality, you will suffer on its resale value when the time comes. Even if you are investing in an apartment in an upcoming residential project in Gurgaon, read about properties or talk to an expert to know if the property will have a good resale value in the future. It is always recommended to never rush and take your time choosing the best house for yourself. There is no better feeling than living in your dream home. But you can only live in your dream home if you are wary and aware at every step of the process. Always pay attention to the aforementioned points when buying a house.
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