Buying your first home is exciting but can be overwhelming. Here’s everything you
need to know:
Step 1: Determine Your Budget
Calculate:
- Total savings available
- Monthly income
- Loan eligibility (if applicable)
- Additional costs (registration, taxes)
Budget Formula:
Monthly installment should not exceed 30-40% of monthly income.
Step 2: Choose the Right Location
Consider:
✅ Proximity to workplace
✅ Schools and hospitals nearby
✅ Public transport access
✅ Market and shopping areas
✅ Security and neighborhood
✅ Future development plans
Step 3: Property Inspection
Check These:
- Construction quality
- Water supply and pressure
- Electricity connection
- Gas availability
- Sewerage system
- Boundaries and measurements
– Structural issues
Step 4: Legal Documentation
Essential Documents:
- Valid sale deed
- Property ownership certificate
- NOC from society/development authority
- Tax receipts paid
- Utility bills
- Measurement certificate
Red Flags:
❌ Missing NOC
❌ Disputed property
❌ Unclear ownership
❌ Pending legal cases
Step 5: Price Negotiation
Negotiation Tips:
- Research market rates
- Point out any repairs needed
- Be polite but firm
- Get everything in writing
– Don’t rush the decision
Step 6: Registry Process
Steps:
- Pay token money
- Prepare agreement
- Visit sub-registrar office
- Pay stamp duty and fees
- Complete registry
- Get possession
Costs Involved:
- Stamp duty: 3% of property value
- Registration fee: 1%
– Legal fees: 0.5-1%
Common Mistakes to Avoid:
❌ Not inspecting property thoroughly
❌ Skipping legal verification
❌ Ignoring location importance
❌ Overextending budget
❌ Trusting verbal promises
❌ Not getting expert advice
Why Choose ASH Real Estate?
✅ Free consultation
✅ Property verification
✅ Legal documentation support
✅ Honest price guidance
✅ After-sale support
Ready to Buy Your First Home?
📞 Call: 0333-1415122
📧 Email: info@ashhir.com
🌐 Visit: ashhir.webzeno.com
