Buying a house? Key factors to consider

Buying a house? Key factors to consider

Mid-day Online

Mid-Day
Lifestyle
By Mid-day Online Correspondent
Published Apr 07, 2024
Determine a realistic budget based on your financial situation, including down payment, monthly mortgage payments, and additional expenses

Budget

Determine a realistic budget based on your financial situation, including down payment, monthly mortgage payments, and additional expenses

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Research and choose a neighbourhood that meets your lifestyle preferences, commute requirements, and future development prospects

Location

Research and choose a neighbourhood that meets your lifestyle preferences, commute requirements, and future development prospects

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Decide whether you prefer an apartment, villa, or independent house, considering factors such as size, amenities, and resale potential

Property type

Decide whether you prefer an apartment, villa, or independent house, considering factors such as size, amenities, and resale potential

Photo Courtesy: iStock

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Legal compliance

Ensure that the property has clear titles, necessary approvals from authorities, and compliance with all legal requirements

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Resale value

Evaluate the potential resale value of the property based on market trends, location demand, and future development plans

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