Turn your dream house into reality

A home is considered as a central place in every individual’s life, where we can relax, eat, sleep and have fun; in short, it is the most comfortable place in the world. Thus, buying a new home is one of the most important decisions and at times, a very stressful experience. Whether you are buying a home for the first time or for the fourth time, you have to undergo an emotional experience as well. However, the best way to overcome this stress is to stay positive and do not lose hope. Though it is not as easy as it looks but your approach should not be different from the other important decisions that you take in your life.

When it comes to buying a property, the significance of making a correct decision goes beyond monetary consideration.  Though it is probably one of the largest financial investments an individual can make in his life, but making a huge mistake in it may also cause undesirable results and often lead to loss in the deal.

Wish list

Usually most of the real estate buyers consider the objective requirements while house hunting, but there are tangible and intangible factors to be kept in mind while hunting for a house, like:

• External factors - External factors such as area, shape, neighborhood, garage, landscape of housing, etc.
• Internal factors – Internal factors include number of bedrooms, entrance, toilets, staircases, fireplace, structure, hallways etc.

Always remember that it is impossible to get all the things you want, thus you need to prioritize them according to your needs and wants, by first checking  the items with which you are not ready to compromise at all and then end the list with the things that you would like to have.

Some helpful and practical tips

• Before jumping into the market, it is essential to carry out a thorough research of the market in order to protect yourself from fraud. Acquiring knowledge about the real estate industry will not only help you to understand the process of buying a home, but it will also help in understanding the legal procedure which you will go through once you finalize your home. Searching blogs written by real estate experts, reputed realtors, or professional lenders are some of the best ways for you to research.

• Appointing a reliable real estate agent plays a crucial role in buying a house, but do not forget that you are appointing the agent, so the agent should work for you and not vice-a-verse.  Do not get pressurized, it is obvious that you will not be able to understand each and every detail related to buying a home, like the mortgage, interest rates and legal procedure, etc. The agent must focus on helping you buy property of your choice, rather than giving you education regarding this field.  Borrowing money is already a stressful task; you do not need to carry more stress from the agent’s side as well.

To avoid the most stressful part of buying a home, getting pre-approval is the best way out. This ‘waiting game’ takes a lot of time of both the parties and is unfortunately uncontrollable. By preparing in advance, you can definitely ensure a lucrative and stress free deal in real estate mohali.