A checklist for first time home buyers of 3 BHK Flats in Borivali

by admin
While buying a new 3 BHK flat in Borivali is an exciting experience and something that most families look forward to, it can be quite perplexing for first time home buyers. There are procedures, legal paperwork and a lot of other little things that one has to take care of when buying a new home. To help make it a bit easier for first time home buyers, our team has put together a checklist that can be of help.1. Do your research

Find out as much as you can about the developer. It is essential to invest in the project of a stable or professional developer for many reasons which we have discussed in detail in our blog- Choosing a professional builder of Properties in Borivali(E).  It is always recommended to prefer a reputed builder and if you find promise in a new developer reach your own conclusions only after visiting the site of construction and doing your research properly. Your new 3 BHK Flat in Borivali is worth all that effort.

2. Shortlist the property based on your preferred location

Pay a visit to the shortlisted properties of 3 BHK Flats in Borivali West to get a first hand feel of the place. Find out more about the neighborhoods. Depending on your family needs you may want to find out about nearby schools, hospitals, banks, markets, entertainment and shopping options. You may also want to keep in mind the distance of the property from your work place, connectivity factor, and transport systems available easily.

3. Budget

It is always better to fix a certain budget for your 3 BHK Flat in Borivali West and start planning towards it before you begin house hunting as this can prevent you from over spending. Managing your finances is a very important factor when investing in a new home. After all it is not a small decision.

4. Maintain a clean credit record

When applying for a loan for your new 3 BHK Flat in Borivali West, you wouldn’t want an unstable credit trail disqualifying you from availing a loan. Therefore, take care to make your payments on time and clear any outstanding dues much before you apply for your home loan. Also, it is advisable to keep a buffer fund, for future EMI payment just in case of any emergency in the first few months of home loan repayment.

5. Paperwork

Ensure that you educate yourself about all the paperwork involved and your rights as a buyer. Make yourself familiar with all the aspect of the Real Estate Regulatory Act(RERA) as it poses many benefits for the buyer. It asks of the seller to deliver the property in time and compensate the buyer if not keeping to the dates. You may need to pay special attention to certain paperwork like the title deed, sale deed, approved layout and building plan, NOCs from regulatory bodies like the electricity department, local governing bodies and others.

6. Tying up loose ends

Once you are done with the purchasing of your 3 BHK Flat in Borivali, ensure you have all the utilities and property tax records straightened and legally in your name. Little things like these can call for trouble later. Make copies of all essential documents and keep a copy in your locker or a safe deposit box.

This was a quick short list to give you a broad perspective on the things to remember while buying a home. Our project in Borivali West, Ananda Residency, hosts 3 BHK flats that are spacious and offer multiple amenities. Priced reasonably and located centrally, this property can be a wonderful first home for a number of families given the care with which each feature has been planned in this project with focus on kids, parents and senior citizens alike.

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