Through the years, we have met to-be homeowners, where - a few buy their first homes, other few investing in property, and our favourites-the ones buying their (second) first home in a different city! The last, are indeed considered lucky-Oh the pleasure of a new job, new city, sometimes even a new country and the joy of buying a new home on top of that!!! Don’t get us wrong, if you can afford to buy a new first home in every (or almost every) new city that you move to, we trust you to be doing well.
How does one start the process of buying a new home in any place nowadays? The answer is Google of-course! The big boom of real estate moving online transpired in the covid era, that in-fact is really when the construction business also saw a major shift, especially in smaller towns. Gone are the days when one would take a day off, go for a drive around the city-near market area, near the beach, on the outskirts or in the most assumed premium area of the town, make a choice seeing the multitude of under construction buildings, walk in and start the process of buying a house. Even more so, gone are the days where the Builder himself would sit in front of you, gage your capability and quote a rate.
The home buying process has become fairly simple now, the rates are rationalised, the buyer is more aware of the ready reckoner rates, that are published almost periodically on third party websites like 99 acres or Magic Bricks and with RERA coming in a home buyers life has indeed turned blissful.
However the decision making process has become tougher. Choices, choices, choices! Ready-to-move in homes? Under-Construction Homes? Homes on resale? Should one buy a Bungalow, a Villa, a 3BHK, a 4BHK, a 2BHk or just a studio to live and work? Some life altering choices- like is it the right time to retire? (to buy a farmhouse, of course!) Brick construction or concrete blocks? Low rise or high rise?
To confuse you further, there are multiple home loan companies luring you with promises and that extra 10 basis points lower home loan interest rates.. after all, all is fair in owing your Apna ek Ghar.
Like we said, choices, choices, choices!
Through series of these blogs, we at Balar would like to give you a few basic pointers on what you should consider before making that best decision of your life - Owning your Own Home. Over the last 30 years,35 projects and 3000+ happy families, we think we can now present to you the FAQ.
Happy reading!