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Factors to consider when buying a house

Mid-day Online

Mid-Day
Lifestyle
By Mid-day Online Correspondent
Published Mar 30, 2024

Budget

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

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Location

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

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Property type

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

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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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Loan options

Explore various home loan options offered by banks and financial institutions to find the most suitable terms and interest rates

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