Buying a property especially in the residential market is full of emotional and spontaneous decisions. The urge to own a house like 3 bhk flats in Panchkula could be overwhelming and leads you to make some hasty decisions that you might regret at a later stage. It is very important to base your buying decision on thorough research about the market and trends, advice from the experts, going for a reputed builder and be wary of the documents and processes.
However, even after being well informed at times we tend to land in bad deals which could only be avoided by being a smart investor. A smart home buyer does not only follow the checklist but also should possess the below traits to close the deal:
Be aware of your needs
Being fully aware of your preferences and the type of house most suitable for you and your family is the first trait you need to possess to be a smart home buyer. Market trends and consultants could only show you the path and help you find the properties available in the market; however, leading that path and shortlisting the right property which resonates with your preferences is another level of expertise. When it comes to real estate every consumer has different needs. Some may want to have a more spacious home with luxury amenities in the suburbs while others could settle for lesser space in the area more accessible. Assess your financial position, family needs and purpose to buy a property to be a smart investor.
Don’t make a hasty buying decision in the spur of the moment. After selecting the property you like, take your time to inspect the house, compare it with the similar properties in the market and make a poised decision. Purchasing a house is one of the biggest decisions of your life and hence, taking every step with a calm mind is the trait you need to inculcate once you begin your search for a home.
To be an effective and smart home buyer, you need to be responsible at every step of the home buying process. Your accountability begins much prior to the shortlisting of the house and remains even after the final purchase. From creating buffer funds for the purchase, maintaining your credit score, documentation of the deal, final purchase to planning the move, you need to act responsibly at all times.